NIFTY:
The NIFTY open almost flat today and an immediate support of 12200 did not last long and prices have drifted downwards throughout the day and closed at 12126.55 lower by 88 points. The broader market represented by the NSE NIFTY 500 index fell 0.52 percent.
All the sectoral indices have closed lower except METAL and MEDIA. RELIANCE almost closed lower by 2% .The market breadth, however, was tilted in favour of buyers. About 951 stocks advanced and 850 shares decline on National stock exchange. A strong support is visible around 12000.
VIEW:
Buy on a dip towards 12080 with a stop just below 12050.
Sell on a rally towards 12150 with a stop just above 12180.
TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| JUBLFOOD | 1596.30 | 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 1580 and for the target of 1620. |
| JUSTDIAL | 573.20 | SELL | The immediate trend of the stock is weak . The stock can be sell with a stop loss of 584 and for the target of 555. |
DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| ONGC | 127.5 CE | BUY | 3.75 | CMP | 2.50 | 5.50 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| MARICO.Dec 26 | 339.7 | 1.6 | 55.21 | 6136000 | GODREJCP.Dec 26 | 685.9 | -0.7 | 69.96 | 2268000 | |
| SRTRANSFIN.Dec 26 | 1159.75 | 0.15 | 38.9 | 1463400 | TCS.Dec 26 | 2209.7 | -0.53 | 58.81 | 8173000 | |
| SHREECEM.Dec 26 | 20391.05 | 0.55 | 38.85 | 55400 | HDFC.Dec 26 | 2406.1 | -0.49 | 58.34 | 6725500 | |
| LICHSGFIN.Dec 26 | 425.4 | 0.05 | 36.44 | 5074300 | CIPLA.Dec 26 | 473.8 | -1.23 | 55.82 | 7032000 | |
| ASIANPAINT.Dec 26 | 1809.1 | 0.13 | 25.19 | 2448000 | DABUR.Dec 26 | 457.35 | -0.31 | 52.08 | 4153750 | |
| Short Covering | Long unwinding | |||||||||
| Sector | Price | Price% | OI% | OI | Sector | Price | Price% | OI% | OI | |
| SRF.Dec 26 | 3434 | 3.04 | -79.33 | 32500 | NIFTYIT.Dec 26 | 15710 | -0.41 | -89.77 | 450 | |
| BALKRISIND.Dec 26 | 963.7 | 0.87 | -75.85 | 85600 | MRF.Dec 26 | 62750 | -1.55 | -79.78 | 740 | |
| IDFCFIRSTB.Dec 26 | 43.9 | 0.57 | -70.28 | 11400000 | CENTURYTEX.Dec 26 | 485.35 | -0.87 | -72.85 | 93000 | |
| NIITTECH.Dec 26 | 1612 | 0.81 | -66.56 | 75375 | RAMCOCEM.Dec 26 | 748 | -0.64 | -70.95 | 117600 | |
| BATAINDIA.Dec 26 | 1714.3 | 0.04 | -62.17 | 172700 | TORNTPHARM.Dec 26 | 1849.5 | -0.49 | -70.59 | 35000 | |
Top Delivery Percentage
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| GMR Infrastructure Limit | 21.2 | -0.7 | 11862123 | 6755700 | 65.36 | Nifty Metal | 2739 | 0.58 | 85299 | |
| THE RAMCO CEMENTS | 749.7 | -0.17 | 122170 | 198613 | 62.45 | Nifty Media | 1797.85 | 0.03 | 85299 | |
| Petronet LNG Limited | 269.85 | -0.92 | 952197 | 837801 | 61.95 | Nifty MNC | 13708.65 | -0.27 | 85302 | |
| HDFC BANK LTD. | 1270.45 | -1.45 | 7474879 | 2207659 | 61.5 | Nifty Auto | 8129.65 | -0.28 | 85299 | |
| Power Grid Corporation o | 184.85 | -1.23 | 2207894 | 1296261 | 61.47 | Nifty FMCG | 30063.55 | -0.44 | 85302 | |
| NTPC Limited | 116.4 | 1.04 | 12763347 | 4727069 | 59.61 | Nifty IT | 15706.45 | -0.45 | 85302 | |
| MARICO LIMITED | 339.25 | 1.69 | 3375398 | 850540 | 58.12 | Nifty 50 | 12126.55 | -0.72 | 85302 | |
| MAHINDRA & MAHINDRA FIN | 321.75 | -0.09 | 1255456 | 909791 | 57.94 | Nifty Bank | 31997.7 | -0.88 | 85302 | |
| MUTHOOTFIN | 750.55 | 0.86 | 1076447 | 566959 | 55.77 | Nifty Pharma | 7997.6 | -0.94 | 85302 | |
| ITC Ltd. | 236.8 | -0.82 | 14460325 | 4278642 | 54.19 | INDIA VIX | 11.12 | -4.28 | 85302 | |
Upcoming Economic Data
| Domestic International | |
| •INR: FX Reserves, USD on 27th December 2019 | •USA: Crude Oil Inventories on 27th December 2019 |
News Updates
| •Reliance Industries (RIL)has proposed a scheme that will allow shareholders of the unlisted Reliance Retail to exchange their stock for RIL shares, with the swap valuing the retail business at double that of nearest rival D’Mart. Under this proposed scheme, Reliance Retail shareholders will get one share of RIL in exchange for four shares of Reliance Retail.
•The Department of Telecom (DoT) will soon seek sector regulator TRAI’s recommendations on pricing and other modalities for coveted 5G bands of 24.75-27.25 GHz, and wants to put this new spectrum up for auction sometime next year. •Yes Bank share price fell 5 percent intraday on December 26 on the back of rating downgrade by Brickwork Ratings. The latter has downgraded rating of the bank’s lower tier II bonds from BWR AA- to BWR A. It also downgraded ratings of its upper tier II bonds, hybrid tier I bonds and innovative perpetual debt instruments from BWR A+ to BWR A-. •NTPC is planning to add 10GW of solar energy generation capacity by 2022, which entails an investment of around Rs 50,000 crore, to be funded mainly by green bonds, a source has said. At present, NTPC has installed renewable energy capacity of 920 MW, which includes mainly solar energy. It has formulated a long-term plan to become a 130GW company by 2032 with 30 percent non-fossil fuel or renewable energy capacity. Source: Economic Times, Moneycontrol , Business Today ,Bloomberg Quint, |
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| AMFL | General | 27-Dec-19 | VYAPAR | General | 28-Dec-19 |
| BHARATAGRI | General | 27-Dec-19 | XOINFO | General | 28-Dec-19 |
| MANPASAND | Quarterly Results | 27-Dec-19 | ANUPMAL | Voluntary Delisting of Shares | 30-Dec-19 |
| RITES | Interim Dividend | 27-Dec-19 | AXITA | Bonus issue;General | 30-Dec-19 |
| ZEXDONTR | General | 27-Dec-19 | BALMLAWRIE | Bonus issue;General | 30-Dec-19 |
| AUTOPAL | General | 28-Dec-19 | MEERA | Bonus issue | 30-Dec-19 |
| EUROTEXIND | General | 28-Dec-19 | MILESTONE | General | 30-Dec-19 |
| KMSMEDI | General | 28-Dec-19 | PRISMMEDI | General | 30-Dec-19 |
| NHPC | General | 28-Dec-19 | MAANALU | General | 31-Dec-19 |
| POPULARES | General | 28-Dec-19 | RATHIGRA | General | 31-Dec-19 |
| SHIVAMAUTO | Right Issue of Equity Shares | 28-Dec-19 | ROYALIND | General | 31-Dec-19 |
| SSPNFIN | General | 28-Dec-19 | JTLINFRA | General | 01-Jan-20 |
| AMFL | General | 27-Dec-19 | VYAPAR | General | 28-Dec-19 |
Corporate Action
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| INGERRAND | 30-Dec-19 | Special Dividend – Rs. – 25.00 | PEL | 30-Dec-19 | Right Issue of Equity Shares |
| JINDALPOLY | 30-Dec-19 | Spin Off |
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