Indian equity markets advanced for the third straight day, registering the best three day rally since may 2009. the NIFTY ended 3.89 percent higher at 8641. 38 out of 50 stock ended with gains. Today’s move takes NIFTY’s 3-day advance to 13.7 percent.
Among sectoral indices, all the sectors ended with gains with the NIFTY Realty index being the top performer with gains of 7 percent.
Market breadth was in favour of the advanced with 1265 stocks ending with gains while 545 stocks ended with losses.
Buy on a dip towards 8500 with a stop loss just below 8350.
Sell on a rally towards 9000 with a stop loss just above 9160.
|HINDUNILVR||2179||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 2135 and for the target of 2260-2300.|
|L&TFH||53.40||SELL||The immediate trend of the stock is weak . The stock can be sold at CMP with a stop loss of 57.40 and for the target of 50-47.|
|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|ZEEL||120 PE||BUY||21||CMP||15.80||30||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|Short Covering||Long unwinding|
|INFRATEL.Mar 26||155.85||4.21||-92.22||226000||HCLTECH.Mar 26||443.15||-1.21||-87.99||828800|
|HDFCLIFE.Mar 26||477.05||9.64||-90.09||96300||CADILAHC.Mar 26||258.9||-2.15||-77.99||178200|
|CIPLA.Mar 26||385.45||1.84||-89.01||279450||INDIGO.Mar 26||1006.95||-0.88||-73.68||214800|
|MGL.Mar 26||861.45||15.38||-87.82||36600||GAIL.Mar 26||73.1||-3.63||-72.99||1610868|
|TORNTPOWER.Mar 26||288.1||5.22||-79.66||108000||M&MFIN.Mar 26||163.25||-1.33||-71.64||395200|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|HCL Technologies Ltd.||447.7||-2.16||9504717||8694881||72.6||Nifty Bank||19613.9||6.13||24813957|
|BRITANNIA IND LTD.||2588.45||5.59||944116||875483||70.09||Nifty Realty||185.8||6.11||2147483500|
|Info Edge (India) Limite||2028.3||10.94||415481||338420||69.17||Nifty FMCG||25680.1||4.94||1315225|
|United Breweries Limited||894.65||1.39||763377||931127||65.9||Nifty 50||8641.45||3.89||56430372|
|ACC Limited||966.05||5.21||2279406||1881803||65.69||Nifty Auto||5061.3||2.54||96006833|
|Larsen & Toubro Limited||838||9.44||9028697||10165613||63.05||Nifty IT||12535.6||2.47||2368305|
|UNITED SPIRITS LIMITED||490.65||5.39||2963377||3204406||60.26||Nifty Pharma||6775||1.19||71125453|
|Petronet LNG Limited||190.05||8.2||6230253||3398799||59.28||Nifty Media||1067.5||1.14||450984577|
|ITC Ltd.||156.4||6.14||58443502||36878546||59||INDIA VIX||71.53||-7.85||64842367|
Upcoming Economic Data
|•INR: Bank Loan Growth on 27th March ,2020
•INR: FX Reserves, USD on 27th March, 2020
|•USA: Pending Home Sales (MoM) (Feb) on 30th March , 2020|
|•Finance Minister Nirmala Sitharaman on Thursday announced a relief package for the poor and migrant workers in the country in light of the 21-day lockdown in the country to tackle the challenge posed by the coronavirus (Covid-19) pandemic. The Prime Minister Gareeb Kalyan scheme worth Rs 1.7 trillion will have two parts — cash transfer and food security, said the Finance Minister.
•Fast-moving consumer goods (FMCG) companies such as Nestle, HUL, P&G, Godrej Consumer, Dabur and Jyothy Laboratories have either cut down or suspended production after Centre’s lockdown order. Many of them have notified stock exchanges that while they would continue to produce handwash, sanitisers and essential food items, several of their manufacturing units would be shut down.
•The government on Thursday said the mega bank consolidation plan is very much on track and will take effect from April 1 despite the onslaught of coronavirus pandemic throwing the country out of gear. The Union Cabinet earlier this month approved amalgamation of 10 public sector banks into four global size lenders.
•Market regulator Sebi on Thursday granted listed companies a month’s extension to hold their annual general meetings (AGM) due to the Covid-19 induced lockdown.
Source: Economic Times, Moneycontrol ,Business Today, Business Standard, Bloomberg Quint
|Company Name5||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|7NR||General||27-Mar-20||DELTACORP||Buy Back of Shares||28-Mar-20|
|DRREDDY||General||27-Mar-20||FRANKLININD||General;Scheme of Arrangement||28-Mar-20|
|RELICTEC||General||27-Mar-20||KANSAFB||Reduction of Capital;General||28-Mar-20|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|ACC||27-Mar-20||Final Dividend – Rs. – 14.00||VESUVIUS||22-Apr-20||Final Dividend – Rs. – 8.74|
|HEXAWARE||30-Mar-20||Final Dividend – Rs. – 2.50||KSB||23-Apr-20||Dividend – Rs. – 8.00|
|JUNCTION||30-Mar-20||Bonus issue 1:2||TAHL||23-Apr-20||Bonus issue 1:4|
|CRISIL||31-Mar-20||Final Dividend – Rs. – 13.00||MADHAVIPL||27-Apr-20||Stock Split From Rs.10/- to Rs.1/-|
|TIPSINDLTD||31-Mar-20||Buy Back of Shares||ABB||5-May-20||Dividend – Rs. – 4.80|
|AMBUJACEM||3-Apr-20||Final Dividend – Rs. – 1.50||NESTLEIND||14-May-20||Final Dividend – Rs. – 61.00|
|CASTROLIND||22-Apr-20||Final Dividend – Rs. – 3.00||DICIND||10-Jun-20||Final Dividend – Rs. – 4.50|
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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