2019-12-27 at 09-28-22

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


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