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
For Daily Share Market Updates, Daily debt market review, Market Research Analysis reports, Weekly Techno-Funda Report, Fundamental Analysis Report, Monthly Recommended stock Picks, Equity Trading Tips, Upcoming IPO/NFO/Bonds/Ncd’s updates & other related information Subscribe our research plan