NIFTY:
Indian markets begin their out performance at the opening bell itself, when the nifty opened at 10311, down from Friday but not significantly in the red. Markets moved in a narrow range today, making a low of 10223 and then beginning a rally that saw it close at 10312, down 70 points.
Today’s trading was marked by a narrow range, with the nifty moving barely 115 points during the day. The second feature of today’s trade was a reasonably sharp rally above 10,200 supports.
The intermediate trend is up, momentum on the intermediate trend has been falling and has just come to a point where support is visible. Any sign of a rally tomorrow should be taken as a positive signal and traders should look to go long because intermediate momentum is oversold.
BANK NIFTY:
Bank nifty opened at 21291.55 with a gap down of 370 points. The index continued trading very choppy and narrow today. Prices have closed at 21359.25 with a loss of 233 points.
Bank nifty remained inside its trading range 19500 – 21600. the index is trading very narrow near the top of this range.
Last three days were very narrow. That gives us a setup to take a trade. We should take a trade in the direction of momentum. Direction may clear if index either breaks above 21800 or below 20900.
TECHNICAL PICKS
| COMPANY . | CMP | B/S | RATIONALE |
| BRITANNIA | 3519.25 | BUY | Intermediate and short term trends are up. The stock has corrected after a rally and has started an up move again. It can be bought above 3530 with a stop loss at 3495 for the target of 3600. |
| COALINDIA | 134.85 | SELL | The immediate trend of the stock is sideways. The price has faced resistance from 148 multiple times. Prices may hold this resistance. It can be sold below 134 with a stop loss above 135.55 and for the target of 130. |
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DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| DIVISLAB | 2300PE | BUY | 85.85 | 88 | 80 | 110 | OI increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| BEL.20.07 Jul | 87.55 | 2.82 | 29.62 | 21287600 | ASHOKLEY.20.07 Jul | 48.4 | -7.19 | 36.38 | 41598000 | |
| JUSTDIAL.20.07 Jul | 388 | 2.67 | 24.67 | 1726200 | BHARATFORG.20.07 Jul | 313.5 | -10.96 | 35.91 | 7710000 | |
| MFSL.20.07 Jul | 516 | 0.28 | 22.97 | 1517100 | MGL.20.07 Jul | 1044.75 | -2.45 | 19.22 | 751800 | |
| GLENMARK.20.07 Jul | 468.35 | 0.52 | 20.94 | 5724700 | UBL.20.07 Jul | 995.45 | -1.51 | 18.95 | 1015000 | |
| IDEA.20.07 Jul | 11.15 | 6.19 | 17.57 | 4.28E+08 | SRTRANSFIN.20.07 Jul | 687.15 | -2.28 | 18.28 | 3355950 | |
| Short Covering | Long Unwinding | |||||||||
| Sector | Price | Price% | OI% | OI | Sector | Price | Price% | OI% | OI | |
| CIPLA.20.07 Jul | 641.85 | 1.28 | -0.95 | 12070500 | UPL.20.07 Jul | 428.75 | -1.96 | -8.81 | 8463000 | |
| CADILAHC.20.07 Jul | 366.35 | 0.78 | -4.3 | 5775000 | BAJFINANCE.20.07 Jul | 2880 | -0.43 | -4.41 | 6413250 | |
| NATIONALUM.20.07 Jul | 32.05 | -4.61 | -3.93 | 35700000 | ||||||
| MANAPPURAM.20.07 Jul | 154 | -1.66 | -3.13 | 13188000 | ||||||
| IBULHSGFIN.20.07 Jul | 215.4 | -4.67 | -2.46 | 10701200 | ||||||
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TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Sbi Life Insurance Compa | 786.8 | 0.31 | 597371 | 574596 | 58.27 | Nifty Realty | 203.7 | -3.55 | 99723 | |
| Tata Consumer Products l | 386.55 | 0.23 | 2764410 | 1016914 | 57.81 | Nifty Metal | 1989.5 | -2.64 | 99720 | |
| Bharti Airtel Limited | 567.1 | 1.2 | 12920745 | 6332052 | 57 | Nifty Energy | 14588.5 | -1.65 | 99720 | |
| Nestleind | 16724.85 | 0.28 | 169646 | 61169 | 55.44 | Nifty it | 14768 | -1.51 | 99720 | |
| Britannia Ind Ltd. | 3519.25 | 1.82 | 940186 | 229934 | 51.28 | Nifty Auto | 6645.85 | -1.27 | 99720 | |
| Ambuja Cements Ltd | 187.55 | -0.24 | 3555861 | 1693255 | 51.24 | Nifty Bank | 21359 | -1.08 | 99720 | |
| Ntpc Limited | 94.9 | -2.16 | 18135588 | 7857453 | 50.46 | Nifty 50 | 10312.4 | -0.68 | 99720 | |
| Divi S Laboratories Limi | 2316.6 | -1.45 | 519075 | 250638 | 50.42 | Nifty Pharma | 10135.9 | -0.02 | 99723 | |
| Hindustan Unilever Ltd | 2182.95 | 1.33 | 3295050 | 1590717 | 50.08 | India Vix | 28.91 | 0.59 | 99720 | |
| Godrej Cons Products Ltd | 687.65 | 0.32 | 1506790 | 747184 | 49.3 | Nifty Fmcg | 29971.65 | 0.72 | 99720 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| •INR: Federal Fiscal Deficit (May) on 30th June, 2020
•INR: Infrastructure Output (YoY) (May) on 30th June, 2020 |
•USA: CB Consumer Confidence (Jun) on 30th June, 2020
•USA: ISM Manufacturing PMI (Jun) on 1st July, 2020 |
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NEWS UPDATES
| •HDFC Bank on Monday dismissed reports that it plans to raise Rs 13,000 crore via qualified institutional placement (QIP) plus issuance of American Depository Receipts (ADRs). The reports are “purely baseless and speculative”, the country’s largest private sector lender clarified in an exchange filing. “As a policy, the Bank does not comment on speculation/ rumours circulating in the market/ print/ online media.
•Around 95 per cent of consumer electronics and appliances sold in India are produced locally, although dependence on China for components still ranges between 25-70 per cent which will be difficult to reduce overnight, according to industry body CEAMA. Consumer Electronics and Appliances Manufacturers Association (CEAMA) said even before the call to boycott Chinese products, various companies had already started to look for alternative sources due to disruptions of supplies following the coronavirus-induced lockdown in China. •Central Bank of India’s net loss narrowed in the March quarter to Rs.1,529 crore owing to a substantial decrease in provisioning and higher net interest income (NII). The bank had posted a net loss of Rs. 2,477.41 crore in the same period a year ago. In the December quarter, the bank had made a profit of Rs. 155.32 crore. The bank had set aside provisions of Rs. 2,178.33 crore during the quarter under review, of which provisions for bad loans stood at Rs. 1,583.25 crore. Source: Economic Times, Moneycontrol ,Business Today,Livemint, Business Standard, Bloomberg Quint |
BOARD MEETINGS
| Company Name5 | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| DHAMPURE | Audited Results | 30-Jun-20 | PCJEWELLER | Audited Results | 30-Jun-20 |
| DISHTV | Audited Results | 30-Jun-20 | RESONANCE | Audited Results | 30-Jun-20 |
| DRL | Results;Quarterly Results | 30-Jun-20 | RITES | Audited Results;Final Dividend | 30-Jun-20 |
| FCONSUMER | Audited Results | 30-Jun-20 | SAIL | Audited Results | 30-Jun-20 |
| ICRA | Audited Results;Dividend | 30-Jun-20 | TGVSL | Audited Results;General | 30-Jun-20 |
| IDEA | Audited Results | 30-Jun-20 | TITANSEC | Audited Results | 30-Jun-20 |
| IRCON | Audited Results;Final Dividend | 30-Jun-20 | APLAPOLLO | Audited Results | 30-Jun-20 |
| MIDHANI | Audited Results;Final Dividend | 30-Jun-20 | BAJAJHCARE | Audited Results | 30-Jun-20 |
| NBCC | Audited Results;Final Dividend | 30-Jun-20 | BCPL | Half Yearly Results | 30-Jun-20 |
| NTCIND | Audited Results | 30-Jun-20 | CUPID | General;Quarterly Results | 30-Jun-20 |
| ONGC | Audited Results;Final Dividend | 30-Jun-20 | DEEPAKFERT | Audited Results;Dividend;General | 30-Jun-20 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| ABFRL | 30-Jun-20 | Right Issue of Equity Shares | JUSTDIAL | 2-Jul-20 | Buy Back of Shares |
| HEXAWARE | 30-Jun-20 | Interim Dividend – Rs. – 3.00 | KARDA | 2-Jul-20 | Stock Split From Rs.10/- to Rs.2/- |
| LAURUSLABS | 1-Jul-20 | Final Dividend – Rs. – 1.00 | MPHASIS | 2-Jul-20 | Final Dividend – Rs. – 35.00 |
| TATAINVEST | 1-Jul-20 | Dividend – Rs. – 18.00 | RELIANCE | 2-Jul-20 | Dividend – Rs. – 6.50 |
| AMRITCORP | 2-Jul-20 | Buy Back of Shares | SUNDARMFIN | 2-Jul-20 | Final Dividend – Rs. – 3.00 |
| BALRAMCHIN | 2-Jul-20 | Buy Back of Shares | SWARAJENG | 2-Jul-20 | Dividend – Rs. – 25.00 |
| HINDPETRO | 2-Jul-20 | Final Dividend – Rs. – 9.75 | SWARAJENG | 2-Jul-20 | Special Dividend – Rs. – 15.00 |
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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