Outlook

NIFTY:

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.

VIEW:

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.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     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.

DERIVATIVE PICKS

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
Sector Price Price% OI% OI Sector Price Price% OI% OI
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
Sectors Price Change % Quantity
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
CHOLAMANDALAM 167.8 6.3 6448246 2569774 59.01 Nifty Metal 1542.95 0.11 311650870
ITC Ltd. 156.4 6.14 58443502 36878546 59 INDIA VIX 71.53 -7.85 64842367

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•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

News Updates

•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

BOARD MEETINGS

Company Name5 Purpose Ex-Date Company Name Purpose Ex-Date
7NR General 27-Mar-20 DELTACORP Buy Back of Shares 28-Mar-20
BSELINFRA General 27-Mar-20 DHINDIA General 28-Mar-20
CEINSYSTECH General 27-Mar-20 EUROTEXIND General 28-Mar-20
DRREDDY General 27-Mar-20 FRANKLININD General;Scheme of Arrangement 28-Mar-20
MDRNTHR-B Quarterly Results 27-Mar-20 JENBURPH General 28-Mar-20
RELICTEC General 27-Mar-20 KANSAFB Reduction of Capital;General 28-Mar-20
SBIN General 27-Mar-20 BHATIA General 30-Mar-20
TEJNAKSH General 27-Mar-20 CHLOGIST General 30-Mar-20

Corporate Action

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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