NIFTY:

US markets had closed lower on Friday. This was reflected in most Asian markets when they opened today. Our own market opened lower, and after an early morning effort to go up, finally gave up and closed significantly lower, closing almost at the lowest point of the day.

With this decline, the NIFTY is still at 8289, which is a good 800 points above the low is made at 7500. it is quite possible that we may continue to drift down, and test the lows of 7500. once a test of the earlier low has been made, and then only we will know if the low is holding or it broken down. There is reasonable psooibility that 7500 may finally become the base from which markets can begin a consolidation.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     DIVISLAB 1893.90 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  1860 and for the target of  1970.
     BHARATFORG 246.35 SELL The immediate trend of the stock is weak . The stock can be sold  at CMP with a stop loss of  255 and for  the target of  228.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TATASTEEL 250 PE BUY 32.30 CMP 25 46 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
AXISBANK.Apr 30 371 2.46 18.36 52647600 NIFTYIT.Apr 30 12360 -0.39 94.74 1850
JUBLFOOD.Apr 30 1359.95 3.44 15.73 1788000 BIOCON.Apr 30 276.45 -1.27 30.43 6308900
LUPIN.Apr 30 566.95 2.66 14.86 5853400 CUMMINSIND.Apr 30 335 -7.59 26.57 561600
DRREDDY.Apr 30 3013 2.41 14.05 2200250 VOLTAS.Apr 30 468 -4.13 25.57 1537000
CIPLA.Apr 30 430.65 5.85 12.6 10520200 JINDALSTEL.Apr 30 80.1 -10.7 24.19 6135000
                                                                        Short Covering                                                                              Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
COLPAL.Apr 30 1211.1 3.8 -3.57 1474200 ESCORTS.Apr 30 601 -8.67 -5.83 2007500
PEL.Apr 30 856 1.36 -1.16 2663580 BALKRISIND.Apr 30 810.25 -4.56 -4.66 572800
GMRINFRA.Apr 30 16.2 0.93 -1.05 68040000 BANDHANBNK.Apr 30 214.65 -13.08 -3.95 9722400
TORNTPOWER.Apr 30 275.2 0.47 -0.39 1527000 TVSMOTOR.Apr 30 293.95 -1.84 -1.25 2137050
IBULHSGFIN.Apr 30 92 0.27 -0.25 8469600 IDFCFIRSTB.Apr 30 20.75 -4.6 -0.62 1.05E+08

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Info Edge (India) Limite 2145.8 4.65 512193 356367 73.86 INDIA VIX 71.89 2.13 75462
HAVELLS INDIA LIMITED 467.35 -8.57 1622123 2599562 68.01 Nifty Pharma 6896 1.22 75465
NTPC Limited 81.75 -1.51 17043895 26609374 67.6 Nifty FMCG 25831.55 0.35 75462
Power Grid Corporation o 155.65 -2.72 12579943 10867134 66.89 Nifty IT 12318.8 -1.99 75462
United Breweries Limited 906.1 0.1 358204 685920 65.72 Nifty Metal 1507.7 -3.03 75468
HCL Technologies Ltd. 419 -2.71 6325701 5896317 64.43 Nifty Media 1021.85 -3.18 75468
Godrej Cons Products Ltd 493.1 -1.27 1778405 1520208 58.94 Nifty 50 8281.1 -4.38 75462
Lupin Limited 560.6 2.28 2777231 2872611 58.62 Nifty Auto 4669.15 -5.46 75465
GODREJPROP 591.05 -14.4 405162 185681 57.77 Nifty Bank 18782.4 -5.94 75462
TATA CONSUMER PRODUCTS 281.4 -1.18 2901681 1675248 56.2 Nifty Realty 171.6 -7.27 75465

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•INR:  Federal Fiscal Deficit (Feb) on 31st March ,2020

•INR:  Infrastructure Output (YoY) (Feb) on 31st March, 2020

•USA: ISM Manufacturing PMI (Mar) on 1st April, 2020

•USA: Crude Oil Inventories on 1st April, 2020

News Updates

•Maruti chairman RC Bhargava gave a peek into the company’s blueprint to strengthen India’s hand in the fight against Covid-19. Making clear that Maruti has no expertise or technology for making ventilators, he outlined how the company would instead arm an already existing player with the means to win the fight — with the aim to make available as many as 10,000 ventilators per month. Maruti Suzuki will work with AgVa Healthcare to scale up production of ventilators rapidly.

•Punjab National Bank (PNB) has unveiled a new logo as it merges United Bank of India and OBC with it, with effect from April 1. The new logo will bear distinct signages of all the three public sector lenders. With this, PNB is set to become the second largest lender in the country.

•HCL Technologies Ltd. doesn’t expect the new coronavirus pandemic to have a significant effect on its business even as its impact on the ongoing quarter’s numbers is yet to be quantified. The software services exporter had invoked business continuity plan, ensuring delivery to clients and employee commitments, and risk management framework in January to minimise the impact of the virus outbreak on employees and clients.

•With the country under lockdown, vehicle makers have extended the free services which were scheduled during this period as well as extended the warranties .

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

BOARD MEETINGS

Company Name5 Purpose Ex-Date Company Name Purpose Ex-Date
FLORACORP General 31-Mar-20 KANSAFB General;Reduction of Capital 15-Apr-20
MINDAIND General;Rights Issue 31-Mar-20 QUANTBUILD General 15-Apr-20
PENTAGRAPH General 31-Mar-20 RTEXPO General 17-Apr-20
VIRGOGLOB General 31-Mar-20 HDFCBANK Audited Results;Final Dividend 18-Apr-20
HINDUNILVR Scheme of Arrangement 1-Apr-20 PERSISTENT Audited Results;Final Dividend 25-Apr-20
INDAGIV General 2-Apr-20 TRIPR General 25-Apr-20
APLAB General 8-Apr-20 DHINDIA General 2-May-20
FRANKLININD General;Scheme of Arrangement 15-Apr-20 PRSMJOHNSN Audited Results 12-May-20

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
CRISIL 31-Mar-20 Final Dividend – Rs. – 13.00 VESUVIUS 22-Apr-20 Final Dividend – Rs. – 8.74
NACLIND 31-Mar-20 Interim Dividend – Rs. – 0.10 KSB 23-Apr-20 Dividend – Rs. – 8.00
TIPSINDLTD 31-Mar-20 Buy Back of Shares TAHL 23-Apr-20 Bonus issue 1:4
AMBUJACEM 3-Apr-20 Final Dividend – Rs. – 1.50 MADHAVIPL 27-Apr-20 Stock  Split From Rs.10/- to Rs.1/-
IRCON 3-Apr-20 Stock  Split From Rs.10/- to Rs.2/- ABB 5-May-20 Dividend – Rs. – 4.80
CASTROLIND 22-Apr-20 Final Dividend – Rs. – 3.00 NESTLEIND 14-May-20 Final Dividend – Rs. – 61.00

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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