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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