2019-12-31-Outlook

NIFTY:

The NIFTY continuous to move higher, taking small steps at a time, but remaining on a steady up move. The benchmark index closed at 12260.6, with a gain of 14 points.

The market breadth was tilted in favour of buyers. About 1075 stocks advanced and 747 shares declined on National stock exchange.

All said and done, the uptrend is intact with numerous intraday dips. The intraday dips that we see every day are in fact a substitute for a larger correction. We have an intraday dips and by the end of the day the markets recovers. Such dips can be considered as running corrections which means a correction that occurs within the day. We are writing about such a correction because all markets should correct and do correct.

VIEW:

Buy on a dip towards 12200 with a stop just below 12170.

Buy on a breakout above 12290 with a stop just below 12260.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     EICHERMOT 22784.5 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  22500 and for the target of  23500.
     CENTURYTEX 482.40 SELL The immediate trend of the stock is weak . The stock can be sell with a stop loss of  488.50 and for  the target of 465.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TATAMOTORS 185 CE BUY 8.95 CMP 6.50 14 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MINDTREE.Jan 30 801.8 2.73 25.98 1330400 CUMMINSIND.Jan 30 555 -1.53 17.88 1762200
BATAINDIA.Jan 30 1774 2.69 16.38 2109800 SIEMENS.Jan 30 1522.3 -0.6 6.7 2471150
PVR.Jan 30 1905.05 0.86 10.82 1097600 JUBLFOOD.Jan 30 1637 -0.06 6.46 2215500
COALINDIA.Jan 30 202.7 1.55 10.75 14326200 INFY.Jan 30 736.4 -0.15 5.76 26162400
NMDC.Jan 30 127.75 1.07 7.3 22320000 TATACHEM.Jan 30 671.6 -0.16 5.74 3000600
                                                                        Short Covering                                                                            Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
NBCC.Jan 30 34.8 1.46 -4.73 38052300 BANKNIFTY.Jan 30 32552.6 -0.16 -5.11 1447700
VOLTAS.Jan 30 662.8 1.43 -2.77 3336000 BANKBARODA.Jan 30 103.55 -1.38 -0.99 76420800
INDIGO.Jan 30 1350.6 0.14 -0.68 3358200 BIOCON.Jan 30 292.75 -0.41 -0.69 10292500
CASTROLIND.Jan 30 129.65 0.5 -0.4 6182800 LUPIN.Jan 30 773.25 -0.14 -0.09 7345100
KOTAKBANK.Jan 30 1698.75 0.04 -0.38 8657200

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
HDFC BANK LTD. 1282.15 0.56 4667095 2510820 70.8 INDIA VIX 11.01 4.63 83277
Godrej Cons Products Ltd 688.65 -0.03 765693 739905 69.95 Nifty Auto 8325.4 1.46 83274
ITC Ltd. 238.2 0.55 13173134 5918603 67.93 Nifty Metal 2796.5 1.31 83274
GMR Infrastructure Limit 20.85 -0.95 11899410 4435926 62.36 Nifty Media 1830.3 0.81 83274
Hindustan Unilever Ltd 1937.25 -0.65 1117498 578438 61.67 Nifty FMCG 30225.35 0.27 83277
OIL 151.95 0.66 327623 564038 59.55 Nifty Pharma 8083.1 0.19 83277
Petronet LNG Limited 269.45 -0.83 1364545 913544 59.3 Nifty 50 12255.85 0.08 83277
THE RAMCO CEMENTS 756.25 0.77 172883 99327 59.12 NIFTY  Pvt Bank 17884.5 -0.02 83274
Dabur India Ltd. 462.6 0.61 1349981 634932 58.7 Nifty IT 15775 -0.04 83277
HCL Technologies Ltd. 569.3 0.31 1800754 1623093 58.24 Nifty Bank 32354.9 -0.18 83277

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•INR:  Federal Fiscal Deficit (Nov) on 31st December 2019

•INR:  Infrastructure Output (YoY)  (Nov) on 31st December 2019

•USA: CB Consumer Confidence (Dec) on 31st December 2019

•USA: API Weekly Crude Oil Stock on 1st January 2020

News Updates

•Reliance Industries Ltd. and U.K.’s BP Plc paid $36 million (about Rs 257 crore) to get their defaulting Canadian partner Niko Resources to exit from the eastern offshore KG-D6 block. In a statement, Niko said it has exited from the KG-DWN-98/3 block and its 10 percent stake has been taken over by Reliance and BP.

•Adani Ports and Special Economic Zone share price added nearly 2 percent intraday on December 30 after the company’s subsidiary acquired 40 percent stake in Snowman Logistics. Adani Logistics, a wholly-owned subsidiary of Adani Ports and SEZ, has signed definitive agreements to acquire 40.25 percent stake in Snowman Logistics from Gateway Distriparks.

•Prince Pipes and Fittings, the last listing of the year 2019, had a subdued start on December 30 on expected lines due to corporate governance and debt concerns. The stock opened at Rs 160 and fell as much as 14.3 percent in morning to hit a day’s low of Rs 152.60, but the management clarification over litigation and debts helped it recover more than half of losses.

Source: Economic Times, Moneycontrol   ,Bloomberg Quint,

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
MAANALU General 31-Dec-19 SONAL General 04-Jan-20
OMNIAX General 31-Dec-19 UNITECH Quarterly Results 04-Jan-20
RATHIGRA General 31-Dec-19 ITI Quarterly Results 06-Jan-20
ROYALIND General 31-Dec-19 PROVESTSER General 06-Jan-20
JTLINFRA General 01-Jan-20 SUBEX Reduction of Capital 06-Jan-20
JINAAM General 02-Jan-20 BETALA Quarterly Results 07-Jan-20
DECANBRG Quarterly Results 03-Jan-20 GMBREW Quarterly Results 07-Jan-20
KENNAMET General 03-Jan-20 INDSWFTLAB General 08-Jan-20
OCTAWARE General 03-Jan-20 KORE Quarterly Results 10-Jan-20
HINDSECR Voluntary Delisting of Shares 04-Jan-20 NEH Voluntary Delisting of Shares 10-Jan-20
KINETRU General 04-Jan-20 UTTAMSTL Quarterly Results 10-Jan-20
MITSHI Preferential Issue of shares 04-Jan-20 CHADPAP Quarterly Results 14-Jan-20

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
POOJA 02-Jan-20 Bonus issue 1:1 SWADPOL 09-Jan-20 Stock  Split From Rs.10/- to Rs.1/-
RITES 09-Jan-20 Interim Dividend – Rs. – 6.00 SIS 15-Jan-20 Stock  Split From Rs.10/- to Rs.5/-

 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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