NIFTY:
The NIFTY continued its intense involvement with volatility. The markets opened higher then fall more then 250 points to recover again 200 points. This sounds like a drama, and it is one. High volatility environment are meant to be observed and seen, and not to be traded.
With all the drama surrounding volatility, the index continued to find support at lower levels, around 11100. the process of garnering support and finding firm ground will take time. The bad news may not be ending yet. In fact, even good news is not giving the markets any boost.
Yesterday’s evening, the fed cut interest rates by a full half percent, but the US markets were dismayed by this cut suggested severe problems in the economy.
TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| PIDILITIND | 1581.85 | 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 1558 and for the target of 1610-1630. |
| HEROMOTOCO | 2046.35 | SELL | The immediate trend of the stock is weak . The stock can be sold at CMP with a stop loss of 2075 and for the target of 1960. |
DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| HINDUNILVR | 2180 CE | BUY | 59.05 | CMP | 48 | 90 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| PVR.Mar 26 | 1721.6 | 3.39 | 27.08 | 1389200 | EQUITAS.Mar 26 | 105.4 | -1.08 | 5.36 | 17527300 | |
| INFO EDGE (I) LTD.Mar 26 | 2799.85 | 4.16 | 17.79 | 311200 | CESC.Mar 26 | 634.55 | -0.71 | 2.09 | 1723200 | |
| HDFCLIFE.Mar 26 | 565.4 | 1.88 | 16.57 | 1437300 | ITC.Mar 26 | 194.7 | -0.69 | 2.92 | 1.46E+08 | |
| JUBLFOOD.Mar 26 | 1688.95 | 1.81 | 13.97 | 2798000 | ||||||
| DIVISLAB.Mar 26 | 2186 | 3.36 | 13.48 | 2050800 | ||||||
| Short Covering | Long unwinding | |||||||||
| Sector | Price | Price% | OI% | OI | Sector | Price | Price% | OI% | OI | |
| TATACHEM.Mar 26 | 314.17 | 3.1 | -65.37 | 376200 | CONCOR.Mar 26 | 491.15 | -0.79 | -5.58 | 4734327 | |
| EICHERMOT.Mar 26 | 17788.9 | 4.93 | -15.14 | 213270 | BATAINDIA.Mar 26 | 1622.4 | -0.41 | -3.53 | 2434850 | |
| NTPC.Mar 26 | 105.3 | 3.54 | -11.43 | 66158400 | BERGEPAINT.Mar 26 | 544.4 | -1.59 | -1.72 | 6267800 | |
| UJJIVAN.Mar 26 | 340.8 | 3.87 | -9.59 | 5222400 | ||||||
| APOLLOTYRE.Mar 26 | 138.7 | 4.13 | -7.33 | 16155000 | ||||||
Top Delivery Percentage
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| CHOLAMANDALAM | 295.6 | -3.46 | 2700726 | 1332590 | 68.06 | Nifty Pharma | 8086.55 | 2.1 | 58436693 | |
| Page Industries Limited | 22049.85 | -0.19 | 57269 | 26670 | 67.12 | Nifty IT | 15864.3 | 0.9 | 1638888 | |
| HDFC BANK LTD. | 1148.85 | -2.79 | 17144435 | 7497411 | 67.03 | Nifty 50 | 11251 | -0.46 | 41717395 | |
| HDFC Ltd. | 2206.05 | 0.67 | 4460096 | 2745809 | 64.93 | Nifty FMCG | 29223.75 | -0.62 | 751846 | |
| Wipro Ltd | 228.85 | 2.3 | 4518178 | 3302375 | 63.84 | Nifty Auto | 6938.85 | -0.68 | 67628893 | |
| HCL Technologies Ltd. | 563.1 | -0.35 | 5175180 | 2921488 | 62.39 | Nifty Metal | 2304.3 | -0.71 | 2.04E+08 | |
| Power Finance Corporatio | 113.55 | 0.26 | 9045800 | 10319691 | 60.8 | Nifty Realty | 281.05 | -1.09 | 1.66E+09 | |
| ADANIPORTS | 345.95 | -0.39 | 3490806 | 2201941 | 59.98 | INDIA VIX | 24.22 | -1.3 | 1.9E+08 | |
| Hindustan Unilever Ltd | 2175.85 | 0.42 | 1515878 | 1051465 | 59.98 | Nifty Bank | 28653.7 | -1.79 | 16282278 | |
| Petronet LNG Limited | 245.2 | -1.23 | 5790034 | 1779092 | 58.92 | Nifty Media | 1617.65 | -1.82 | 2.89E+08 | |
Upcoming Economic Data
| Domestic International | |
| •INR: FX Reserves, USD on 6th March ,2020
•INR: Industrial Production (YoY) (Jan) on 12th March,2020 |
•USA: Nonfarm Payrolls (Feb) on 6th March,2020
•USA: Unemployment Rate (Feb)on 6th March, 2020 |
News Updates
| •The IPO of SBI Cards and Payment Services Ltd. was subscribed 15.19 times as of 4:30 p.m. on Wednesday, the third of the four-day share sale. Against an issue size of 10.02 crore shares, the SBI Cards IPO has received bids for 152.35 crore shares, with qualified institutional buyers making the bulk of the purchases.
•Sterlite Power on Wednesday said it has secured Rs 2,024 crore funding from IndusInd Bank and L&T Infrastructure Finance to execute Lakadia Vadodara transmission project. Sterlite Power has achieved financial closure for its Lakadia Vadodara Transmission Project Ltd (LVTPL), it said in a statement. •Finance Minister Nirmala Sitharaman on Wednesday said the exercise of consolidation of 10 public sector banks into four is on course and the merger will come into effect from April 1, 2020. The Union Cabinet, she said, has given a go-ahead for the merger proposal and the government has been in regular touch with these banks. There will be no regulatory issues, she said. •Yes Bank Ltd.’s potential investors have laid down a tough condition, which could make it challenging for the lender to strike a deal to raise capital. The Mumbai-based private lender received non-binding expressions of interest from JC Flowers & Co. LLC, Tilden Park Capital Management LLP, OHA (U.K.) LLP and Silver Point Capital. Source: Economic Times, Moneycontrol ,Business Today, Business Standard, Bloomberg Quint |
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| BNKCAP | Interim Dividend | 05-Mar-20 | PIDILITIND | Interim Dividend | 05-Mar-20 |
| CHEMBOND | Interim Dividend | 05-Mar-20 | PRAJIND | Interim Dividend | 05-Mar-20 |
| DEEPAKSP | Interim Dividend | 05-Mar-20 | PRECAM | Interim Dividend | 05-Mar-20 |
| GAMMONIND | Quarterly Results | 05-Mar-20 | RATNAMANI | Interim Dividend | 05-Mar-20 |
| GODFRYPHLP | Interim Dividend | 05-Mar-20 | RRIL | Amalgamation | 05-Mar-20 |
| GPL | Increase in Authorised Capital | 05-Mar-20 | SANDUMA | Interim Dividend | 05-Mar-20 |
| INSECTICID | Interim Dividend | 05-Mar-20 | AKCAPIT | Interim Dividend | 06-Mar-20 |
| JAMNAAUTO | Interim Dividend | 05-Mar-20 | ALPHAGEO | Interim Dividend;General | 06-Mar-20 |
| KIRLFER | Dividend;Interim Dividend | 05-Mar-20 | APLLTD | Interim Dividend | 06-Mar-20 |
| KPITTECH | Interim Dividend | 05-Mar-20 | ASHFL | General | 06-Mar-20 |
| MAYUKH | General | 05-Mar-20 | ASIACAP | General | 06-Mar-20 |
| NUTRA | General | 05-Mar-20 | BOMBPOT | General | 06-Mar-20 |
Corporate Action
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| AMJLAND | 05-Mar-20 | Interim Dividend – Rs. – 0.20 | INDAG | 05-Mar-20 | Interim Dividend – Rs. – 1.50 |
| ANUHPHR | 05-Mar-20 | Interim Dividend – Rs. – 2.75 | JKPAPER | 05-Mar-20 | Interim Dividend – Rs. – 4.00 |
| APARINDS | 05-Mar-20 | Interim Dividend – Rs. – 9.50 | KAMAHOLD | 05-Mar-20 | Interim Dividend – Rs. – 30.00 |
| AVANTI | 05-Mar-20 | Interim Dividend – Rs. – 5.00 | KOVAI | 05-Mar-20 | Interim Dividend – Rs. – 3.00 |
| BBL | 05-Mar-20 | Interim Dividend – Rs. – 12.50 | KRBL | 05-Mar-20 | Interim Dividend – Rs. – 2.80 |
| CHEMCRUX | 05-Mar-20 | Interim Dividend – Rs. – 3.00 | LALPATHLAB | 05-Mar-20 | Interim Dividend – Rs. – 6.00 |
| CHOLAHLDNG | 05-Mar-20 | Interim Dividend – Rs. – 0.65 | LGBBROSLTD | 05-Mar-20 | Interim Dividend – Rs. – 5.00 |
| GRAVITA | 05-Mar-20 | Interim Dividend – Rs. – 0.70 | LINCOPH | 05-Mar-20 | Interim Dividend – Rs. – 1.50 |
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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