outlook-2020-03-26

 

NIFTY:

Indian equity markets staged a strong rally in the second half of the trade to post their best one-day gain since 2009. The NIFTY saw its best single day jump since 2009, closing 6.62% percent higher at 8317.38 out of 50 stocks on the index ended with gains. This is also the first time in seven weeks that the index has posted two successive days of gains.

All sectoral indices ended the day with gains, led by the NIFTYBANK, which witnesses its biggest one-day gain since September 2013.

Market breadth was in favour of the advanced with 1068 stocks ending with gains while 717 stocks ended with losses.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     MARUTI 4960 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  4780  and for the target of  5230-5300.
     HAVELLS 473.40 SELL The immediate trend of the stock is weak . The stock can be sold  at CMP with a stop loss of  486 and for  the target of  455.

 

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
HDFCBANK 860 CE BUY 25 CMP 10 48 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI   Stocks Price Price% OI % OI
                                                                        Short Covering                                                                              Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
HAVELLS.Mar 26 474.5 -3.71 -72.08 811000 RECLTD.Mar 26 84.2 4.27 -73.62 2412000
GLENMARK.Mar 26 191.5 -0.13 -68.11 565600 MGL.Mar 26 746.6 5.06 -70.94 300600
BANDHANBNK.Mar 26 155.3 -4.28 -68.1 1638000 RELIANCE.Mar 26 1085 14.47 -70.07 3954500
CESC.Mar 26 381.35 -6.3 -67.34 285600 TCS.Mar 26 1759.85 2.78 -69.51 1947750
PNB.Mar 26 34.35 -5.24 -64 11794300 M&M.Mar 26 278.2 2.83 -68.74 1447000

 

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Power Grid Corporation o 150.25 2 13111701 16073896 67.55   Nifty Bank 18481.05 8.03 22696336
ADANIENT 132.3 1.5 2771318 3210068 62.62 Nifty 50 8317.85 6.62 50221315
Colgate Palmolive (India 1121.85 -0.19 847719 651057 61.77 Nifty Energy 10558.5 5.33 4401943
ITC Ltd. 147.35 -1.57 62506221 32323383 61.49 Nifty Auto 4936.15 5.17 84451393
HCL Technologies Ltd. 457.6 3.52 11976272 6044388 60.96 Nifty IT 12233.35 3.1 2204682
CONTAINER CORP OF INDIA 285.8 2.31 2323539 1497712 60.8   Nifty Metal 1541.2 2.58 2.69E+08
NESTLEIND 14444.1 7.17 198759 154255 59.63   Nifty Media 1055.45 2.3 3.92E+08
Info Edge (India) Limite 1828.3 3.13 489231 209890 58.8   Nifty FMCG 24471.7 2.24 1499975
THE RAMCO CEMENTS 502.65 2.96 864166 515503 58.65   Nifty Pharma 6695.55 1.28 61649644
UNITED SPIRITS LIMITED 465.55 3.07 5317306 1288373 58.62   INDIA VIX 77.62 -7.16 50845668

 

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•INR:  Bank Loan Growth on 27th March ,2020

•INR:  FX Reserves, USD  on 27th March, 2020

•USA: GDP (QoQ) (Q4) on 26th  March,2020

 

News Updates

•The government is likely to agree an economic stimulus package of more than Rs 1.5 trillion ($19.6 billion) to fight a downturn in the country that is currently locked down to stem the spread of coronavirus, two sources familiar with the matter told Reuters. The government has not yet finalised the package and discussions are ongoing between Prime Minister Narendra Modi’s office, the finance ministry, and Reserve Bank of India (RBI), said both the sources, who asked not to be named as the matter was still under discussion.

•Days after Tata Power Company Ltd.’s Mundra unit threatened to shut operations as states buying power from it didn’t increase tariffs to compensate for costlier imported coal, the company said three have agreed to sign amended agreements and other two would follow suit. Based on the inputs of Solicitor General of India, Gujarat, Maharashtra and Punjab—that account for 3.2 gigawatt the 4GW capacity—are in favour of signing an amended power purchase agreement, Tata Power’s management said in a conference call. Rajasthan and Haryana will come back in due course, it said.

•India banned exports of a malaria drug backed by U.S. President Donald Trump amid a run on supplies globally, even as scientists continue to search for conclusive evidence of the medicine’s effectiveness against the novel coronavirus.

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

 

BOARD MEETINGS

Company Name5 Purpose Ex-Date Company Name Purpose Ex-Date
DAMOINDUS General 26-Mar-20 TERRASCOPE General 26-Mar-20
GOENKA General 26-Mar-20 TRANSCOR General 26-Mar-20
GOKULAGRO Preferential Issue of shares 26-Mar-20 YESBANK General 26-Mar-20
NACLIND Interim Dividend 26-Mar-20 7NR General 27-Mar-20
PORWAL General 26-Mar-20 BSELINFRA General 27-Mar-20
PRISMX General 26-Mar-20 CEINSYSTECH General 27-Mar-20
PROAIMENT General 26-Mar-20 DRREDDY General 27-Mar-20
TEEAI General 26-Mar-20 MDRNTHR-B Quarterly Results 27-Mar-20

 

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ADANIGAS 26-Mar-20 Interim Dividend – Rs. – 0.25 HUDCO 26-Mar-20 Interim Dividend – Rs. – 0.75
AGIIL 26-Mar-20 Interim Dividend – Rs. – 0.50 L&TFH 26-Mar-20 Interim Dividend – Rs. – 0.90
AMBER 26-Mar-20 Interim Dividend – Rs. – 1.60 NTPC 26-Mar-20 Interim Dividend – Rs. – 0.50
BCPL 26-Mar-20 Interim Dividend – Rs. – 0.40 PALMJEWELS 26-Mar-20 36:100
CUB 26-Mar-20 Interim Dividend – Rs. – 0.50 PRIMAPLA 26-Mar-20 Interim Dividend – Rs. – 1.00
EMAMILTD 26-Mar-20 Interim Dividend – Rs. – 2.00 SHARDA 26-Mar-20 Spin Off
GOTHIPL 26-Mar-20 Interim Dividend – Rs. – 1.00 SHK 26-Mar-20 Interim Dividend – Rs. – 0.95
GRSE 26-Mar-20 Interim Dividend – Rs. – 5.74 SMSPHARMA 26-Mar-20 Interim Dividend – Rs. – 0.25

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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