2020-01-31-Outlook

NIFTY:

Today was F&O expiry, with the NIFTY showing a straight line decline from the very morning open. World markets were shaken when the NIFTY opened up, the NIFTY following most other markets in falling throughout the day. The Indian markets would normally have been part of the world environment which is volatile and slowly becoming risk off.

The reason why we can not be sure of following world markets is the big event, the union budget, to be presented on Saturday, Feb 1st. The Indian economy has been facing significant challenges over the last few months. It is in this context  that the budget gains importance. There is an expectation that the budget would be a statement of policy and action which would take India towards the 5  trillion economy milestone.

This anticipation is keeping the markets maintain their head above bearish waters. NIFTY continues to have strong support around 11929.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     APOLLOHOSP 1690.80 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  1670 and for the target of  1732.
      HAVELLS 606.90 SELL The immediate trend of the stock is weak . The stock can be sold  at CMP with a stop loss of  617 and for  the target of  590.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
ASIANPAINT 1800 CE BUY 48 CMP 37.50 72 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ASIANPAINT.Jan 30 1800 0.27 62.66 3842400 NESTLEIND.Jan 30 15513.8 -2.03 67.8 274600
HDFC.Jan 30 2410 0.19 53.88 13584750 HCLTECH.Jan 30 605 -0.55 67.66 14644000
M&MFIN.Jan 30 369.3 0.44 32.79 4470400 TECHM.Jan 30 793.9 -1.17 64.68 9871200
BAJAJ-AUTO.Jan 30 3146.15 1.69 17.45 880000 INFY.Jan 30 788 -0.27 62.65 13963200
DRREDDY.Jan 30 3151.95 0.02 13.03 1424500 HINDUNILVR.Jan 30 2052 -0.93 57.75 4021200
                                                                        Short Covering                                                                              Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
JUBLFOOD.Jan 30 1840 5.11 -63.51 308000 NIFTYIT.Jan 30 16325 -0.7 -87.5 650
SRF.Jan 30 3828.15 1.98 -46.6 129750 NIITTECH.Jan 30 1870.45 -3.42 -68.79 169125
JINDALSTEL.Jan 30 175.6 0.31 -43.58 4375000 YESBANK.Jan 30 39.05 -5.45 -55.79 13428800
TVSMOTOR.Jan 30 469.9 0.18 -36.83 1463400 MINDTREE.Jan 30 885.2 -0.34 -53.58 202400
BALKRISIND.Jan 30 1085 0.08 -29.1 464000 IDFCFIRSTB.Jan 30 40.85 -7.47 -52.47 19548000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
CHOLAMANDALAM 326.85 -0.24 1485564 4714742 77.47 INDIA VIX 16.8 1.8 82881
HCL Technologies Ltd. 607.85 -0.16 3334901 3214524 75.08 Nifty Auto 8181.45 -0.47 82878
HDFC BANK LTD. 1226.05 -0.79 6055992 4588335 66.55 Nifty Bank 30647.4 -0.74 82881
Petronet LNG Limited 269.65 -1.53 1940696 1238111 62.21 Nifty 50 12035.8 -0.77 82881
Power Grid Corporation o 194.4 1.04 14842148 5846163 59.05 Nifty IT 16327.9 -0.92 82881
Kotak Mahindra Bank Limi 1628.25 -0.74 1590156 1267330 56.89 Nifty Media 1845 -1.23 82878
TATA CONSULTANCY SERV LT 2137.85 -0.78 2098567 1307797 56.69 Nifty Energy 15244.8 -1.34 82881
ITC Ltd. 234.05 -1.1 10394149 11399264 55.69 Nifty Metal 2628.9 -1.39 82878
Ambuja Cements Ltd 209.9 -1.94 2971434 1878931 55.1 Nifty FMCG 30936.45 -1.56 82881
HDFC Ltd. 2415 0.45 2807667 1451777 53.92 Nifty Pharma 8237.05 -2.09 82881

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•INR: Federal Fiscal Deficit (Dec) on 31st Janaury,2020

•INR: Infrastructure Output (YoY) (Dec) on 31st January,2020

•USA: ISM Manufacturing PMI (Jan) on 3rd February,2020

•USA: ISM Non- Manufacturing PMI (Jan) on 5th  February,2020

News Updates

•Tata Motors beat Street estimates as it reported a consolidated profit of Rs 1,738.30 crore for December quarter. The company had posted a loss of Rs 26,992.54 crore in the same quarter last year.  The company reported profit even as revenue dropped 6.81 per cent to Rs 71,676.07 crore from Rs 76,915.94 crore in the same quarter last year.

•Tata Motors on Thursday said that Jaguar Land Rover (JLR) Chief Executive Officer Ralf Speth has decided to retire from his current role at the end of his contract term in September 2020. However, Speth will maintain his relationship with the Tata Motors-owned UK subsidiary by taking up the role of non-executive vice chairman, says N Chandrasekaran, Chairman of Tata Sons.

•Bajaj Auto has reported a 15 per cent year-on-year increase in its net profit at Rs 1,262 crore for the quarter ended December 31, 2019. Bajaj Auto’s total revenue from operations for the third quarter of current fiscal stood at Rs 7,640 crore, up 3 per cent from Rs 7,436 crore reported in the year-ago period. Total income of the company grew 2 per cent to Rs 8,006 crore during the quarter under review, as opposed to Rs 7,849 crore in the same quarter last year.

Source: Economic Times,  Moneycontrol  ,Business Today, Business Standard, Bloomberg Quint

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
HINDUNILVR Quarterly Results 31-Jan-20 FCONSUMER Quarterly Results 31-Jan-20
ITC Quarterly Results 31-Jan-20 INDHOTEL General;Quarterly Results 31-Jan-20
POWERGRID Quarterly Results 31-Jan-20 J&KBANK Quarterly Results 31-Jan-20
SBIN Quarterly Results 31-Jan-20 JUBILANT Quarterly Results 31-Jan-20
TECHM Quarterly Results 31-Jan-20 KANSAINER Quarterly Results 31-Jan-20
VEDL Quarterly Results 31-Jan-20 NCLIND Quarterly Results 31-Jan-20
ARVIND Quarterly Results 31-Jan-20 RAMGOPOLY General;Quarterly Results 31-Jan-20
BAJAJELEC Right Issue of Equity Shares 31-Jan-20 RUCHISOYA Quarterly Results 31-Jan-20
BALKRISHNA Quarterly Results 31-Jan-20 SADHNANIQ Quarterly Results;Stock  Split 31-Jan-20
BANKINDIA Quarterly Results 31-Jan-20 UNITECH Quarterly Results 31-Jan-20
CASTROLIND Audited Results;Final Dividend 31-Jan-20 VASCONEQ General;Quarterly Results 31-Jan-20
CHANDRAP General;Quarterly Results 31-Jan-20 VENLONENT Quarterly Results 31-Jan-20
CHOLAFIN General 31-Jan-20 VETO General 31-Jan-20
EVERESTIND Quarterly Results 31-Jan-20 VGUARD Quarterly Results 31-Jan-20

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
MOTILALOFS 31-Jan-20 Interim Dividend – Rs. – 4.00 ACGL 04-Feb-20 Interim Dividend – Rs. – 5.00
SHARDACROP 31-Jan-20 Interim Dividend – Rs. – 2.00 CONTROLPR 04-Feb-20 Interim Dividend – Rs. – 3.5000
DBCORP 03-Feb-20 Interim Dividend – Rs. – 3.50 ACCELYA 05-Feb-20 Interim Dividend – Rs. – 10.00
KIRLPNU 03-Feb-20 Interim Dividend – Rs. – 1.00 ALKALI 05-Feb-20 Interim Dividend – Rs. – 1.00
NAM-INDIA 03-Feb-20 Interim Dividend – Rs. – 3.00 GODREJCP 05-Feb-20 Interim Dividend – Rs. – 2.00
RBL 03-Feb-20 Interim Dividend – Rs. – 6.00 VINATIORGA 05-Feb-20 Stock  Split From Rs.2/- to Rs.1/-
SIEMENS 03-Feb-20 Dividend – Rs. – 7.00 CCL 06-Feb-20 Interim Dividend – Rs. – 2.00
TCIEXP 03-Feb-20 Interim Dividend – Rs. – 1.50 DCMSHRIRAM 06-Feb-20 Interim Dividend – Rs. – 4.20

 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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