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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