2020-02-25-Outlook

NIFTY:

The NIFTY opened after a three day holiday, which included Friday when other world markets were trading. The opening itself was significantly lower than Thursday’s close. This was mainly because Friday was a down day all over the world. Slowly and steadily, the corona virus issue is affecting financial markets all over the world.

We have pointed out that the NIFTY was in a trading range between 11950 and 12150. we have also explained how a break of this range will give a trading opportunity. Today the NIFTY broke down from this range decisively. A downside trade opened up with a short signal at 11950 and a positional target of 11750.

VIEW:

Sell on a rally towards 11900 with a stop just above 11950.

Sell on breakdown below 11800 with a stop just above 11830.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     HAVELLS 622.75 BUY The stock has given the breakout with volume  on the intraday as well as on the daily chart. The stock can be bought at CMP with a stop loss of  614 and for the target of  639.
      MCDOWELL-N 702.85 SELL The immediate trend of the stock is weak . The stock can be sold  at CMP with a stop loss of  714.60 and for  the target of  685.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
HEROMOTOCO 2250 PE BUY 80 CMP 50 135 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MUTHOOTFIN.Feb 27 931.35 1.84 7.3 5707500 MARUTI.Feb 27 6480 -4.21 26.82 3596100
ASHOKLEY.Feb 27 84.5 0.06 7.24 68448000 NESTLEIND.Feb 27 16350.2 -1.28 21.04 553050
HAVELLS.Feb 27 627.9 0.67 4.87 7234000 HDFC.Feb 27 2303.25 -2.81 20.87 34111500
GMRINFRA.Feb 27 25.45 7.38 0.58 1.79E+08 ADANIENT.Feb 27 245.9 -5.08 20.58 34240000
MFSL.Feb 27 591 4.42 0.09 5588700 BANKNIFTY.Feb 27 30440.2 -1.61 19.5 1258960
                                                                        Short Covering                                                                              Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
YESBANK.Feb 27 34.9 1.31 -6.1 2.54E+08 TVSMOTOR.Feb 27 435.6 -2.19 -19.32 3708450
AMBUJACEM.Feb 27 209.1 1.6 -3.73 24880000 NIFTYIT.Feb 27 16410 -1.13 -18 6150
TATAPOWER.Feb 27 52.1 0.58 -0.64 72837000 SRF.Feb 27 4079.9 -2.44 -16.87 709750
RBLBANK.Feb 27 302.8 -2.24 -13.93 12774000
MINDTREE.Feb 27 1019 -1.38 -13.7 967200

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
HCL Technologies Ltd. 595.15 -2.12 4070143 3765792 78.12 INDIA VIX 17 24.07 85308
Power Grid Corporation o 186.1 -1.66 8393319 11316616 77.65 Nifty IT 16461.8 -1.13 85311
Petronet LNG Limited 264.85 -0.99 4170580 2665623 70.02 NIFTY  Pvt Bank 16631.35 -1.56 85314
HDFC Ltd. 2292.3 -3.26 4238039 2315776 69.09 Nifty Bank 30455.1 -1.58 85311
Larsen & Toubro Limited 1259.7 -1.63 3414064 2076571 68.43 Nifty FMCG 30147.6 -1.6 85311
ITC Ltd. 203 -2.15 16594046 10574992 67.82 Nifty 50 11829.4 -2.08 85311
GMR Infrastructure Limit 25.45 7.61 75911140 20116498 67.37 Nifty Media 1829.6 -2.25 85311
MARICO LIMITED 304.25 -0.64 2922212 2459144 67.05 Nifty Pharma 8115.55 -2.97 85311
NTPC Limited 109.7 -1.48 11370193 12782909 65.01 Nifty Auto 7429.1 -3.49 85311
TECH MAHINDRA LIMITED 820.1 -1.15 2917544 679688 63.75 Nifty Metal 2469.6 -5.46 85311

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•INR:  M3 Money Supply on 26th February, 2020

•INR: GDP Quarterly (YoY) (Q3) on 28th February, 2020

•USA: Crude Oil Inventories on 26th February, 2020

•USA: New Home Sales (Jan) on 26th  Februrary,2020

News Updates

•GAIL India will invest Rs 1.05 lakh crore over the next five years to expand pipelines, lay city gas distribution network and raise petrochemical production capacity, its new chairman and managing director Manoj Jain said on Monday. Gas pipelines are planned to take the fuel to the east and northeast regions as well as to consumers in the south as part of the government push to raise the share of natural gas in India’s energy basket to 15 per cent by 2030 from the current 6.2 per cent, he said.

•Telecom towers operator Bharti Infratel Ltd. has extended the deadline for its merger with Indus Towers Ltd. by two months to Apr. 24, but a final call on the scheme’s implementation will be taken keeping in mind the telecom crisis and its impact.

•Tata Consultancy Services Ltd. and DLF Ltd. have sought government nod to set up special economic zones for the IT sector in Haryana and Uttar Pradesh. TCS has proposed to set up an IT/ITeS SEZ at Noida in Uttar Pradesh spread over 19.9 hectares.

•With the telecom firms staring at a massive Rs 1.47 lakh crore of AGR dues, SBI chairman Rajnish Kumar on Monday said “nobody wants to kill the sector”. The state-owned bank is yet to hear from the government on the issue, he said, when asked if it has sought views from bankers.

Source: Economic Times,  Money control  ,Business Today, Business Standard, Bloomberg Quint

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ASAHISONG Interim Dividend 25-Feb-20 MYSPAPE General;Quarterly Results 25-Feb-20
ASIANPAINT Interim Dividend 25-Feb-20 NAVINFLUOR Interim Dividend 25-Feb-20
BBL Interim Dividend 25-Feb-20 PETRONENGG Quarterly Results 25-Feb-20
BRAHMINFRA General;Quarterly Results 25-Feb-20 PLASTIBLEN Interim Dividend 25-Feb-20
ELANTAS Final Dividend;Audited Results 25-Feb-20 RODIUM General 25-Feb-20
ISHWATR Quarterly Results 25-Feb-20 SANOFI Final Dividend;Audited Results 25-Feb-20
JBFIND Quarterly Results 25-Feb-20 SESL General 25-Feb-20
KAMAHOLD Interim Dividend 25-Feb-20 SHAQUAK General 25-Feb-20
KOVAI Dividend 25-Feb-20 STOVACQ Dividend;Quarterly Results 25-Feb-20
LALPATHLAB Interim Dividend 25-Feb-20 WONDERLA Interim Dividend 25-Feb-20
MESCON Quarterly Results 25-Feb-20 ANISHAIMPEX General 26-Feb-20
MIDESTI-B Quarterly Results 25-Feb-20 CARBORUNIV Interim Dividend 26-Feb-20

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
APOLLOHOSP 25-Feb-20 Interim Dividend – Rs. – 3.25 PHILIPCARB 25-Feb-20 Interim Dividend – Rs. – 3.50
CAREERP 25-Feb-20 Interim Dividend – Rs. – 1.00 PHILIPCARB 25-Feb-20 Special Dividend – Rs. – 3.50
DALMIASUG 25-Feb-20 Interim Dividend – Rs. – 2.00 SJVN 25-Feb-20 Interim Dividend – Rs. – 1.70
DHANUKA 25-Feb-20 Interim Dividend – Rs. – 12.00 VARROC 25-Feb-20 Interim Dividend – Rs. – 3.00
DIVISLAB 25-Feb-20 Interim Dividend – Rs. – 16.00 VTMLTD 25-Feb-20 Interim Dividend – Rs. – 0.90
HIL 25-Feb-20 Interim Dividend – Rs. – 10.00 WHEELS 25-Feb-20 Interim Dividend – Rs. – 3.00
MAGNAELQ 25-Feb-20 Interim Dividend – Rs. – 2.50 ABMKNO 26-Feb-20 Interim Dividend – Rs. – 1.25
NEAGI 25-Feb-20 Interim Dividend – Rs. – 10.00 BNRSEC 26-Feb-20 Interim Dividend – Rs. – 1.00

 DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014

Elite Wealth Advisors Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Advisors Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as read more


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