outlook-2020-01-27NIFTY:

The NIFTY today held on to a significant support zone between 12130 and 12150. An early morning dip into this support zone was immediately bought into, and the NIFTY was up for the rest of the day. The index closed well above 12200.

It is like that a pre – budget rally has finally started in right earnest. Traders should look to buy dips, and avoid all kinds of short selling.

There will be periods of consolidation and dips next week and this should be used to hold and create long positions. If the NIFTY falls below 12100, then long position should be evaluated again.

VIEW: 

Buy on a dip towards 12200 with a stop just below 12160.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     HINDUNILVR 2073.70 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  2053and for the target of  2108.
     CIPLA 458.85 SELL The immediate trend of the stock is weak . The stock can be sold  at CMP with a stop loss of  465 and for  the target of  445.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
HDFCBANK 1240 CE BUY 15.10 CMP 8.50 28 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PAGEIND.Jan 30 26370 1.63 14.01 148325 NMDC.Jan 30 127.3 -1.13 14.93 32184000
ULTRACEMCO.Jan 30 4651.15 2.46 12.34 2689800 BIOCON.Jan 30 293.35 -0.2 12.26 10490300
CUMMINSIND.Jan 30 599.25 5.14 11.09 1775700 POWERGRID.Jan 30 195.95 -1.06 8.21 49192000
BATAINDIA.Jan 30 1854.1 2.65 9.59 2319900 MUTHOOTFIN.Jan 30 756.6 -0.9 6.65 4858500
CHOLAFIN.Jan 30 326.35 0.79 8.73 3985000 TATAGLOBAL.Jan 30 385.9 -2.22 5.61 12546900
                                                                        Short Covering                                                                            Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
L&TFH.Jan 30 119.95 0.54 -20.76 26252800 ADANIENT.Jan 30 229.5 -0.28 -15.11 24476000
TVSMOTOR.Jan 30 469 0.8 -15.96 5017950 RBLBANK.Jan 30 330.7 -2.53 -10.55 15223500
GRASIM.Jan 30 822.15 1.52 -11.38 20186250 APOLLOHOSP.Jan 30 1673.5 -0.69 -5.03 1690000
SAIL.Jan 30 51.05 1.09 -9.74 73947000 JUSTDIAL.Jan 30 608 -1.52 -2.11 2339400
PFC.Jan 30 116.85 2.59 -6.62 44720600 ASHOKLEY.Jan 30 86.45 -0.52 -1.32 56144000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
CHOLAMANDALAM 323.8 0.09 3994678 3662289 76.26 Nifty Metal 2796.2 0.97 85659
MARICO LIMITED 340.55 2.18 1786647 1309114 74.36 Nifty Media 1889.9 0.96 85659
HCL Technologies Ltd. 607.7 1.46 3551260 4369373 71.75 Nifty FMCG 31474.9 0.79 85659
Power Grid Corporation o 196.95 -2.48 9085322 89372584 70.28 Nifty Bank 31241.75 0.77 85656
Infosys Limited 782.75 -0.2 7540490 8696219 69.41 Nifty 50 12248.25 0.56 85656
Power Finance Corporatio 116.35 2.87 13764798 63639158 67.96 Nifty Auto 8274.85 0.4 85659
Indian Oil Corp. Ltd. 119.65 1.1 26158995 1.39E+08 66.38 Nifty IT 16472.75 -0.01 85656
TECH MAHINDRA LIMITED 787.3 2.39 2364265 1289079 63.85 Nifty Pharma 8294.05 -0.07 85659
CONTAINER CORP OF INDIA 561.35 1.53 1002863 675550 63.51 Nifty Energy 15674.65 -0.19 85659
NTPC Limited 114.75 1.1 9898052 14463739 63.46 INDIA VIX 15.56 -1.89 85656

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•INR: Federal Fiscal Deficit (Dec) on 31st Janaury,2020

•INR: Infrastructure Output (YoY) (Dec) on 31st January,2020

•USA: New Home Sales (Dec) on 27th January,2020

•USA: Crude Oil Inventories on 29th January,2020

News Updates

•ICICI Bank’s Q3 profit at Rs 4,146.50 crore was its highest for any quarter. The private lender had hit Rs 3,000 crore profit mark only thrice in history. Saturday’s profit figure was ICICI Bank’s first in the Rs 4,000 crore range. ICICI Bank gross NPA at 5.95 per cent was lowest since June quarter of 2016, when it had come in at 5.3 per cent.

•India Ratings and Research on Friday downgraded the rating of Rs 3,500 crore non-convertible debentures of Vodafone Idea Ltd. on account of liabilities related to adjusted gross revenue dues. The NCDs were issued by erstwhile Vodafone Mobile Services. The credit rating firm downgraded the rating by one level to ‘IND BBB’ from ‘IND A+’ and placed it in “rating watch negative” indicating a chance of further lowering of its ability to pay for the debt note.

•Tata Motors aims to establish itself as the leader in the electric vehicle (EV) market in the country as it looks to roll out new products for both private and fleet segments, a senior company official said..

•NTPC is unlikely to conclude its about Rs 10,000-crore acquisition deal to buy government’s stake in THDC India and North Eastern Electric Power Corporation, according to a source. The government was keen to complete the transaction in the ongoing fiscal so as to meet its overall disinvestment target of Rs 1.05 lakh crore for the 2019-20 fiscal.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
DCMSHRIRAM Interim Dividend;Quarterly Results 27-Jan-20 GGDANDE Quarterly Results 27-Jan-20
DRREDDY Quarterly Results 27-Jan-20 GNRL General 27-Jan-20
HDFC General;Quarterly Results 27-Jan-20 GULPOLY General;Quarterly Results 27-Jan-20
INDIGO Quarterly Results 27-Jan-20 HCL-INSYS Quarterly Results 27-Jan-20
TORNTPHARM Interim Dividend;General 27-Jan-20 HGINFRA Quarterly Results 27-Jan-20
V2RETAIL General;Quarterly Results 27-Jan-20 ORIENTPPR General;Quarterly Results 27-Jan-20
WOCKPHARMA Quarterly Results 27-Jan-20 PANACHE Quarterly Results 27-Jan-20
KTKBANK General 27-Jan-20 PFS Quarterly Results 27-Jan-20
IOB Preferential Issue of shares 27-Jan-20 PREMSYN General 27-Jan-20
IIFL Quarterly Results 27-Jan-20 PRISMMEDI General 27-Jan-20
DYNAMICP Quarterly Results 27-Jan-20 RADIOCITY Bonus issue;Quarterly Results 27-Jan-20
DIVSHKT Quarterly Results 27-Jan-20 RELCHEMQ Quarterly Results 27-Jan-20
ELANGO Quarterly Results 27-Jan-20 SCTL Bonus issue;General 27-Jan-20
GANDHITUBE Quarterly Results 27-Jan-20 SHANTIGEAR Quarterly Results 27-Jan-20

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
INDIGRID 27-Jan-20 Income Distribution (InvIT) DBCORP 3-Feb-20 Interim Dividend – Rs. – 3.50
MITSU 28-Jan-20 Bonus issue 2:1 KIRLPNU 3-Feb-20 Interim Dividend – Rs. – 1.00
IIFLWAM 29-Jan-20 Interim Dividend – Rs. – 10.00 NAM-INDIA 3-Feb-20 Interim Dividend – Rs. – 3.00
KENVI 29-Jan-20 Bonus issue 11:10 RBL 3-Feb-20 Interim Dividend – Rs. – 6.00
GMM 30-Jan-20 Interim Dividend – Rs. – 1.00 SIEMENS 3-Feb-20 Dividend – Rs. – 7.00
GRANULES 30-Jan-20 Interim Dividend – Rs. – 0.25 ACGL 4-Feb-20 Interim Dividend – Rs. – 5.00
MOTILALOFS 31-Jan-20 Interim Dividend – Rs. – 4.00 VINATIORGA 5-Feb-20 Stock  Split From Rs.2/- to Rs.1/-
SHARDACROP 31-Jan-20 Interim Dividend – Rs. – 2.00 ARROWTEX 6-Feb-20 Amalgamation

 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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