2020-02-26-Outlook

NIFTY:

There is good news and there is good news. The good news is that markets have found some kind of stability after yesterday’s stunning decline. The other good news is that the world countries and has not yet come to a standstill. We hope and expect that a solution to the virus will come about sooner rather then later.

The index has broken down from the support level of 11950 yesterday itself. Today the market found some support around 11800 zone. The index moved around this zone for the rest of the day and finally closed at the lower end of its daily range. Today’s the index lost about 30 points, which is nothing compared to yesterday’s 255 points loss.

VIEW:

Sell on a rally towards 11870-11880 with a stop just above 11920.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     BAJAJELEC 441.20 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  428 and for the target of  460.
      PEL 1493.30 SELL The immediate trend of the stock is weak . The stock can be sold  at CMP with a stop loss of  1526 and for  the target of  1450-1420.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
ADANIPORTS 360 PE BUY 3.50 CMP 1 9 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TECHM.Feb 27 826.1 0.75 34 17460000 POWERGRID.Feb 27 186 23.89 -0.13 56620000
ICICIBANK.Feb 27 531.6 0.32 26.99 93589375 ICICIPRULI.Feb 27 479.8 20.84 -1.43 7270500
HINDUNILVR.Feb 27 2235.5 0.86 23.54 7383900 BRITANNIA.Feb 27 3030.05 19.66 -0.17 2817000
SRTRANSFIN.Feb 27 1310 1.15 21.3 6079800 PAGEIND.Feb 27 22695 19.65 -0.68 140325
AXISBANK.Feb 27 730 0.73 21.04 38985600 UPL.Feb 27 568.05 19.39 -0.82 12800700
                                                                        Short Covering                                                                              Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
NIITTECH.Feb 27 1894.9 2.98 -29.59 447000 BIOCON.Feb 27 304.05 -2.86 -18.32 8201800
BANKBARODA.Feb 27 80.15 0.38 -17.76 50198400 NATIONALUM.Feb 27 36.65 -0.81 -16.42 28594800
SRF.Feb 27 4134 1.5 -16.9 579000 CUMMINSIND.Feb 27 535.7 -1.52 -13.38 1177200
EXIDEIND.Feb 27 173.85 0.35 -14.25 7052800 CANBK.Feb 27 163.15 -1.3 -10.38 15415400
SAIL.Feb 27 39.45 0.38 -13.19 61057300 NCC.Feb 27 40.35 -2.06 -9.82 31230000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
HDFC BANK LTD. 1200.3 -0.8 6943340 6242053 75.35 Nifty IT 16562.5 0.61 84948
Power Grid Corporation o 186.15 0.03 10016681 6011871 71.63 Nifty FMCG 30173.2 0.08 84948
HCL Technologies Ltd. 582.45 -2.13 5525575 2871001 70.54 Nifty Metal 2470.35 0.03 84948
Petronet LNG Limited 263.85 -0.38 2124084 2767170 66.35 Nifty Bank 30432.7 -0.07 84948
ICICI BANK LTD. 530.95 0.21 14942960 11217837 66.22 NIFTY  Pvt Bank 16589.3 -0.25 84951
Larsen & Toubro Limited 1242.05 -1.4 3133077 2172243 63.63 Nifty 50 11797.9 -0.27 84942
Reliance Industries Ltd 1416.4 -1.98 12684109 6097347 62.41 INDIA VIX 16.9 -0.59 84945
Dabur India Ltd. 500.25 -0.15 2111814 2117369 62 Nifty Media 1817.25 -0.68 84948
HDFC Ltd. 2302.6 0.45 3292922 2574530 60.75 Nifty Auto 7366 -0.85 84948
CHOLAMANDALAM 325.35 0.65 860974 823606 60.72 Nifty Pharma 7938.45 -2.18 84948

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

• With food products in its portfolio, Tata Consumer Products Ltd. aims at using its strong distribution network to maintain its growth in FY21. “This year we grew at 8%, which was virtually double of what the consumer products industry had grown,” said Amit Chincholikar, global chief human resources officer of TCPL. The company hopes to continue to grow at a pace faster than the industry in the coming year too, he added.

•Hindustan Unilever is setting up a fully-owned subsidiary that will invest in newer manufacturing units and help the maker of Rin and Dove significantly lower taxes under the corporate tax rates announced last year. The new subsidiary, which has an authorised capital of Rs 2,000 crore, has been formed to leverage on enablers, including corporate tax as well as ‘Make in India’ initiative, said the company.

•The government is likely to extend the March 17 deadline for submitting bids to buy 100 per cent stake in Air India and the Home Minister led inter-ministerial panel will later this week decide on the new date. Interested bidders can now have access to the “virtual data room” of Air India.

Source: Economic Times,  Moneycontrol  ,Business Today, Business Standard, Bloomberg Quint

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ANISHAIMPEX General 26-Feb-20 SONATSOFTW Interim Dividend 26-Feb-20
APOLLOTYRE Interim Dividend;Preferential Issue 26-Feb-20 SUNDRMFAST Interim Dividend 26-Feb-20
CARBORUNIV Interim Dividend 26-Feb-20 THOMASCOOK Buy Back of Shares 26-Feb-20
CCL Interim Dividend 26-Feb-20 TRANSPEK Interim Dividend 26-Feb-20
CHOLAFIN Interim Dividend 26-Feb-20 VSL Bonus issue 26-Feb-20
CHOLAHLDNG Interim Dividend 26-Feb-20 ADORFO Interim Dividend 27-Feb-20
GUJTERC General 26-Feb-20 ANMOL General 27-Feb-20
MAHINDCIE Audited Results 26-Feb-20 CHEMCRUX Interim Dividend 27-Feb-20
MGL Interim Dividend 26-Feb-20 ELANGO General 27-Feb-20
MMLF General 26-Feb-20 ENKEIWHEL Audited Results;General 27-Feb-20
PTL Interim Dividend 26-Feb-20 FINOLEXIND Interim Dividend 27-Feb-20
SHARDACROP Interim Dividend;General 26-Feb-20 IOB Preferential Issue of shares 27-Feb-20

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ABMKNO 26-Feb-20 Interim Dividend – Rs. – 1.25 NILE 26-Feb-20 Interim Dividend – Rs. – 1.00
BNRSEC 26-Feb-20 Interim Dividend – Rs. – 1.00 SAMKRG 26-Feb-20 Interim Dividend – Rs. – 5.00
CERA 26-Feb-20 Interim Dividend – Rs. – 13.00 SAURASHCEM 26-Feb-20 Interim Dividend – Rs. – 1.00
CRAVATEX 26-Feb-20 Interim Dividend – Rs. – 2.00 VGUARD 26-Feb-20 Interim Dividend – Rs. – 0.90
DYNPRO 26-Feb-20 Interim Dividend – Rs. – 1.50 ADORWELD 27-Feb-20 Interim Dividend – Rs. – 6.50
HBLPOWER 26-Feb-20 Interim Dividend – Rs. – 0.20 BANSWRAS 27-Feb-20 Interim Dividend – Rs. – 1.50
LAOPALA 26-Feb-20 Interim Dividend – Rs. – 1.20 CHEVIOT 27-Feb-20 Interim Dividend – Rs. – 48.00
NICCOPAR 26-Feb-20 Interim Dividend – Rs. – 0.20 FLUIDOM 27-Feb-20 Interim Dividend – Rs. – 2.25

 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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