2020-03-04-outlook

NIFTY:

Markets opened with a good deal of cheer, thanks to a sharp recovery in the US markets on Monday. The gains continued to remain stable, till a news item on corona virus created a sudden panic market. Panic driven market can do anything, which is what this market did.

Finally the index closed with gain of  170 points or 1.53%.

This is probabily not the end of the decline since a decline must eventually lead to a base building process. We have not even started this process. But it is possible that markets may bottom out in the 11000-11200 zone.

VIEW:

Buy on a dip towards 11250 with a stop just below 11200.

Sell on a rally towards 11500 with a stop just above 11550.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     TATACONSUM 355.30 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  347  and for the target of  368.
      BAJAJAUTO 2692.25 SELL The immediate trend of the stock is weak . The stock can be sold  at CMP with a stop loss of  2735 and for  the target of  2530.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
JUSTDIAL 500 CE BUY 22.50 CMP 13 38 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
JUBLFOOD.Mar 26 1690.05 1.88 35.03 3315000 EQUITAS.Mar 26 106.05 -0.47 25.66 20903400
PVR.Mar 26 1730 3.89 34.5 1470400 CONCOR.Mar 26 491.25 -0.77 16.21 5826864
HDFCLIFE.Mar 26 566.65 2.11 26.06 1554300 BATAINDIA.Mar 26 1619.95 -0.56 12.31 2834700
NTPC.Mar 26 105 3.24 20.21 89793600 BERGEPAINT.Mar 26 545.1 -1.46 6.86 6815600
TORNTPHARM.Mar 26 2148.75 1.2 19.14 386000 ITC.Mar 26 194.9 -0.59 4.4 1.49E+08
                                                                        Short Covering                                                                              Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
ESCORTS.Mar 26 857.6 1.2 -3.79 4801500
TATASTEEL.Mar 26 389.05 6.37 -2.15 21115500
AUROPHARMA.Mar 26 514 3.57 -1.23 12721000
BANKBARODA.Mar 26 73.45 3.31 -0.76 69762600
SAIL.Mar 26 36.3 3.71 -0.25 69237000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Lupin Limited 649.6 3.14 2135990 1497956 62.2 Nifty Metal 2320.75 5.6 85650
Tata Chemicals Ltd. 724.45 2.67 2400104 1478778 62.11 Nifty Pharma 7920.6 5.12 85650
HDFC BANK LTD. 1181.8 0.19 11184775 4540186 61.92 Nifty Media 1647.65 3.32 85650
Power Grid Corporation o 191.7 4.47 9022112 6624157 60.27 Nifty Energy 13863.7 3.31 85650
HCL Technologies Ltd. 565.05 2.79 4682284 4757527 58.19 Nifty IT 15723.2 1.92 85647
Shree Cements Ltd. 23593.15 2.39 28737 33643 57.94 Nifty Auto 6986.65 1.89 85650
Divi s Laboratories Limi 2183.1 3.5 1399046 315875 56.65 Nifty 50 11303.3 1.53 85647
Colgate Palmolive (India 1319.85 1.89 463353 355248 55.63 Nifty Bank 29177.05 1.07 85647
HDFC Ltd. 2191.4 0.54 4229070 2193701 55.43 Nifty FMCG 29406.2 0.92 85650
TATA CONSUMER PRODUCTS 355.3 4.87 4204156 2115419 55.13 INDIA VIX 24.54 -2.61 85647

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•INR:  Nikkei Services PMI  (Feb) on 4th March ,2020

•INR:  Industrial Production (YoY) (Jan) on 12th March,2020

•USA: ISM Non-Manufacturing PMI (Feb) on 4th  March,2020

•USA: Crude Oil Inventories on 4th March, 2020

News Updates

•Vodafone Idea on Tuesday paid Rs 3,042.80 crore as spectrum dues to the Department of Telecommunications (DoT) for the airwaves it bought in 2014. The payment has come at a time when the company is on the brink of bankruptcy as it struggles to clear Adjusted Gross Revenue (AGR) dues.Meanwhile, rival Bharti Airtel has paid Rs 1,950 crore to the telecom department towards its deferred spectrum dues, while Reliance Jio has made a payment of Rs 1,053 crore.

•India today restricted export of about 26 Active Pharmaceutical Ingredients (APIs) and formulations including antibiotics, vitamins and hormones- with immediate effect, as the government explores measures to ensure there is no shortage of drugs in India due to the lockdown in China’s Hubei’s province, the epicentre of the Coronavirus outbreak and also a major source of raw material or APIs.

•Newgen Software Technologies share price advanced 8 percent after the company secured the patent for system and method for automatic quality assessment of digital documents. The Indian Patent Office has issued a patent for its system and method for the automatic quality assessment of digital documents.

•Pfizer has found some antiviral compounds that can inhibit coronavirus. Drugmaker Pfizer Inc. said on Monday that it identified certain antiviral compounds.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ADANIPORTS Interim Dividend 04-Mar-20 ONGC Interim Dividend 04-Mar-20
AMNPLST Interim Dividend 04-Mar-20 RESONANCE Interim Dividend 04-Mar-20
CAPPL Interim Dividend 04-Mar-20 TRABI General 04-Mar-20
CHAMBLFERT Interim Dividend 04-Mar-20 BNKCAP Interim Dividend 05-Mar-20
CUPID Interim Dividend;General 04-Mar-20 CHEMBOND Interim Dividend 05-Mar-20
DEEPAKNI Interim Dividend 04-Mar-20 DEEPAKSP Interim Dividend 05-Mar-20
GINISILK Interim Dividend 04-Mar-20 GAMMONIND Quarterly Results 05-Mar-20
GRNLAMIND Interim Dividend 04-Mar-20 GODFRYPHLP Interim Dividend 05-Mar-20
HESTERBIO General 04-Mar-20 GPL Increase in Authorised Capital 05-Mar-20
KALPATPOWR Interim Dividend;General 04-Mar-20 INSECTICID Interim Dividend 05-Mar-20
KIRLPNU Interim Dividend 04-Mar-20 JAMNAAUTO Interim Dividend 05-Mar-20
MAHESH General 04-Mar-20 KIRLFER Dividend;Interim Dividend 05-Mar-20

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
APOLLOTYRE 04-Mar-20 Interim Dividend – Rs. – 3.00 SAHYADRI 04-Mar-20 Interim Dividend – Rs. – 2.50
ASAHISONG 04-Mar-20 Interim Dividend – Rs. – 3.00 SUNDRMFAST 04-Mar-20 Interim Dividend – Rs. – 2.80
CARBORUNIV 04-Mar-20 Interim Dividend – Rs. – 2.75 TATACHEM 04-Mar-20 Spin Off
CHOLAFIN 04-Mar-20 Interim Dividend – Rs. – 0.70 AMJLAND 05-Mar-20 Interim Dividend – Rs. – 0.20
COASTCORP 04-Mar-20 Interim Dividend – Rs. – 1.50 ANUHPHR 05-Mar-20 Interim Dividend – Rs. – 2.75
EXIDEIND 04-Mar-20 Interim Dividend – Rs. – 2.50 APARINDS 05-Mar-20 Interim Dividend – Rs. – 9.50
PCCOSMA 04-Mar-20 Interim Dividend – Rs. – 3.00 AVANTI 05-Mar-20 Interim Dividend – Rs. – 5.00
PTL 04-Mar-20 Interim Dividend – Rs. – 2.50 BBL 05-Mar-20 Interim Dividend – Rs. – 12.50

 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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