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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