outlookNIFTY:

The Nifty opened at 11783.35 with a gap up of 40 points. Prices have seen multiple ups and downs. First Nifty rallied towards 11920 then saw a sharp decline and then a slow rally again towards 11920. Around 12:30 PM, the index fell down almost 150 points and recorded its intraday low at 11756.40. Prices then saw a sharp upside move and made its intraday high at 11929.65. Prices have finally closed at 11908.50 up by 95 points. The IT and Pharma sectors have led the bulls while the Realty and Metals have seen a decline and closed lower.

Yesterday, we suggested a trade. The trade was to buy above 11830 or sell below 11750. Nifty recorded its first 15 minute high at 11872. So our trade gets executed on the long side, we have taken 11750 as our stop loss. Prices have moved randomly but did not touch the stop loss. The target for this trade comes at 11980.

Nifty has taken a lead and had a handsome rally. A gap down and then a sharp intraday fall did not sustain and eventually, the index closed higher suggesting the strong uptrend is still intact. However the Volatility is very high and markets are nervous about what the US elections may bring about. After these events get over then there is a strong chance that markets may consolidate.

BANK NIFTY:

Bank Nifty opened at 25539.55 with a gap down of 135 points. Prices have traded with bearish bias in the first half while in second half; prices have seen a sharp rally and finally closed at 25771.

Private and PSU Banks have both performed same and closed marginally higher. Within the index, in terms of points, Kotak Bank contributed highest while ICICI bank the lowest. Bank Nifty traded very volatile and closed without much change. The index has moved almost 2000 points in the last three trading days. We can focus on trading intraday in the index and Private Bank stocks for buying.

Trade AnyTime AnyWhere With Elite Empower Mobile App

Elite-Empower-App-Promotional-Banner-img1

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
HDFCBANK 1257.40 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP  with a stop at 1240 and for the target 1285.
ASHOK LEYLAND 83.95 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 81.85 and for the target 88.

Get All Your Mutual Fund Portfolio Retuns on Your Mobile by Elite Kuber App


Elite-Kuber-Mutual-Fund-Promotional-Banner-img

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
DIVISLAB 3200 CE BUY 142.50 CMP 115 200 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ADANIPORTS.Nov 26 364 2.45 42.46 42020000 GODREJPROP.Nov 26 970 29.86 -5.45 1427400
PETRONET.Nov 26 223.1 0.25 20.93 9429000 MUTHOOTFIN.Nov 26 1160.4 25.35 -2.55 3667500
ICICIGI.Nov 26 1231.5 0.04 20.34 150875 UPL.Nov 26 402.65 18.82 -3.89 21122400
APOLLOTYRE.Nov 26 148.95 3.87 18.36 11315000 NTPC.Nov 26 84.85 13.85 -0.82 61748100
MRF.Nov 26 68700.1 1.75 17.64 26940 COLPAL.Nov 26 1483 13.41 -0.67 2793700
                                                                        Short Covering Long Unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
SUNPHARMA.Nov 26 504.1 3.46 -8.65 42298200 BANKBARODA.Nov 26 44.85 -0.99 -3.16 45198400
DABUR.Nov 26 519.5 0.64 -4.54 13485000 IBULHSGFIN.Nov 26 141.65 -0.77 -2.46 15862700
ESCORTS.Nov 26 1238 0.41 -4.17 2752200 NMDC.Nov 26 84.85 -0.41 -0.79 22619200
BANKNIFTY.Nov 26 25690 0.08 -3.53 1777750 PFC.Nov 26 91.2 -0.38 -0.28 41422200
ASHOKLEY.Nov 26 84.15 0.12 -2.71 34560000 ZEEL.Nov 26 182.5 -0.22 -0.06 30459000

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hindustan Unilever Ltd 2060.05 0.21 1479878 1452880 65.23 Nifty Pharma 11608.65 2.18 81048
Icici Prudential Life In 409.7 0 1470667 2334026 62.65 Nifty it 21104.55 1.78 81048
United Spirits Limited 510.45 0.15 1134793 1918495 58.51 Nifty 50 11908.5 0.8 81048
Hdfc Life Insurance Comp 594.25 -0.8 1919838 2067006 56.68 Nifty Energy 14628.5 0.69 81048
Icici Lombard General In 1231.3 0.42 275034 252015 56.58 Nifty Auto 7901.75 0.67 81048
Petronet Lng Limited 225.95 0.49 4355758 2335934 56.03 Nifty Bank 25771.6 0.35 81048
Power Grid Corporation o 177.1 -1.58 10947058 8061152 52.22 Nifty Fmcg 29612.4 0.29 81048
Hdfc Bank Ltd. 1257.4 0.76 11702411 7117196 50.54 Nifty Media 1415.6 0.17 81048
Tata Consumer Products l 492.75 0.66 5024804 4070335 50.23 Nifty Metal 2383.8 -0.31 81048
Container Corp Of India 397.95 -0.23 1393413 765409 49.83 Nifty Realty 225.7 -1.85 81048

Get Stock Market Recommendation By Our Research Analysts

Market-Research-Promotional-Banner-img5

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  FX Reserves, USD  on 6th November, 2020

INR:  Deposit Growth on 6th November, 202

•USD :  Initial Jobless Claims) on 5th November, 2020

•USD:  Fed Interest Rate Decision on 6th November, 2020

NEWS UPDATES

•State Bank of India’s net profit rose by more than half in the quarter ended September, aided by higher core income and a fall in provisions against bad loans over the year earlier. Net profit of India’s largest lender rose to Rs 4,574 crore in the July-September period from Rs 3,012 crore a year ago, according to an exchange filing. That compares with a the Rs 3,689-crore consensus estimate of analysts tracked by Bloomberg. These are the first quarterly results reported by the bank after Dinesh Kumar Khara took over as chairman last month.

•Drug firm Jubilant Life Sciences on Wednesday reported a 10.13% decline in its consolidated net profit to ₹224.12 crore for the quarter ended September, mainly on account of higher taxes. The company had posted a net profit of ₹249.39 crore for the corresponding period of the previous fiscal, Jubilant Life Sciences said in a BSE filing. Total revenue from operations stood at ₹2,374.89 crore for the quarter under consideration. It was ₹2,265.93 crore for the same period a year ago, it added.

•Adani Enterprises on Wednesday reported a consolidated profit of ₹435.73 crore for the second quarter ended September. The Gautam Adani-led company had clocked a consolidated loss of ₹10.06 crore in the corresponding quarter a year ago, according to a filing to the BSE. Its consolidated total income for the latest quarter rose to ₹9,312.14 crore from ₹8,626.94 crore in the year-ago period.

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

Open Your Demat Account to Invest in Upcoming IPO’sDemat-and-Trading-Account-Promotion-Banner

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AARTISURF General;Quarterly Results 05-Nov-20 GUJGAS Quarterly Results 05-Nov-20
ABB Quarterly Results 05-Nov-20 ICRA Quarterly Results 05-Nov-20
ADANIPOWER Quarterly Results 05-Nov-20 INOXLEISUR Quarterly Results 05-Nov-20
ADANITRANS Quarterly Results 05-Nov-20 JINDALSAW General 05-Nov-20
ASTRAZEN Quarterly Results 05-Nov-20 KILPEST Quarterly Results 05-Nov-20
AUROLAB General;Quarterly Results 05-Nov-20 MATRIMONY Quarterly Results 05-Nov-20
BAJAJELEC Quarterly Results 05-Nov-20 MINDACORP Preferential Issue of shares;Results 05-Nov-20
BERGEPAINT Quarterly Results 05-Nov-20 MUNJALSHOW Quarterly Results 05-Nov-20
BSOFT Interim Dividend;Quarterly Results 05-Nov-20 MUTHTFN Quarterly Results 05-Nov-20
CHAMBLFERT Interim Dividend;Quarterly Results 05-Nov-20 SOMANYCERA General;Quarterly Results 05-Nov-20
CONCOR Interim Dividend;General;Results 05-Nov-20 SUMICHEM Quarterly Results 05-Nov-20
CUPID A.G.M.;Interim Dividend;Results 05-Nov-20 TORNTPOWER Quarterly Results 05-Nov-20
DALBHARAT Quarterly Results 05-Nov-20 TRENT Quarterly Results 05-Nov-20
DISHTV Quarterly Results 05-Nov-20 VINATIORGA Quarterly Results 05-Nov-20

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AMBUJACEM 05-Nov-20 Interim Dividend – Rs. – 17.00 VAIBHAVGBL 05-Nov-20 Interim Dividend – Rs. – 5.00
CASTROLIND 05-Nov-20 Interim Dividend – Rs. – 2.50 COSMOFILMS 06-Nov-20 Buy Back of Shares
CONTPTR 05-Nov-20 Stock  Split From Rs.10/- to Rs.5/- DAAWAT 06-Nov-20 Interim Dividend – Rs. – 0.50
ISEC 05-Nov-20 Interim Dividend – Rs. – 8.00 SURYAROSNI 06-Nov-20 Interim Dividend – Rs. – 1.50
KOPRAN 05-Nov-20 Interim Dividend – Rs. – 1.50 ASIANTILES 09-Nov-20 Dividend – Rs. – 0.70
MARICO 05-Nov-20 Interim Dividend – Rs. – 3.00 EMBASSY 09-Nov-20 Income Distribution RITES
SRD 05-Nov-20 Bonus issue 1:3 INDIGRID 09-Nov-20 Income Distribution (InvIT)
SUPPETRO 05-Nov-20 Interim Dividend – Rs. – 2.50 KHAICHEM 09-Nov-20 Interim Dividend – Rs. – 0.10
SUPREMEIND 05-Nov-20 Interim Dividend – Rs. – 5.00 MASTEK 09-Nov-20 Interim Dividend – Rs. – 5.50

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


For Daily Share Market Updates, Daily debt market review, Market Research Analysis reports, Weekly Techno-Funda Report, Fundamental Analysis Report, Monthly Recommended stock Picks, Equity Trading Tips, Upcoming IPO/NFO/Bonds/Ncd’s updates & other related information Subscribe our research plan