2020-01-06-Outlook

NIFTY:

The bears took charge on Friday and pushed down the index after a US strike in Baghdad killed Qassem Soleimani, commander of Iran’s elite Quds force. The index closed with a loss of 55 points at 12226.

In the process, the index formed a bearish candle on the daily chart. Overall, the index kicked off the session in the red following tension in west Asia. Thereafter, it remained in the downwards trajectory throughout the day  as sporadic recovery attempts did not help much.

The Index still remain in a range. The upper side of the range is 12300 and the lower side of this range is 12100. Index is moving in 200 points of range from last 9 days.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     APOLLOHOSP 1486.10 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  1464 and for the target of  1520..
     TATAGLOBAL 318.20 SELL The immediate trend of the stock is weak . The stock can be sell with a stop loss of  322 and for  the target of  312.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
HCLTECH 580 CE BUY 21.25 CMP 15 32 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
NIFTYIT.Jan 30 15918 1.38 14.85 5800 APOLLOTYRE.Jan 30 165.2 5.1 -3.39 9144000
MINDTREE.Jan 30 811.8 0.68 12.68 1300800 ASHOKLEY.Jan 30 84.1 0.91 -0.53 55896000
CUMMINSIND.Jan 30 575.8 0.57 11.27 1874700 BAJFINANCE.Jan 30 4213.25 0.21 -1.24 7630500
ONGC.Jan 30 128.5 0.27 7.87 38175100 BEL.Jan 30 101.6 8.99 -1.98 31506000
MFSL.Jan 30 567.35 1.92 6.95 11144900 BERGEPAINT.Jan 30 504.55 1.92 -1.26 9587600
                                                                        Short Covering                                                                            Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
IBULHSGFIN.Jan 30 328 1.45 -8.7 20349600 BPCL.Jan 30 483.4 -1.46 -7.93 28251000
GAIL.Jan 30 125.4 1.46 -7.87 48262032 NBCC.Jan 30 37.1 -1.33 -6.51 37380200
INFY.Jan 30 746.6 1.01 -3.69 28036800 TATASTEEL.Jan 30 484.55 -0.42 -5.84 23136000
ESCORTS.Jan 30 621.6 0.12 -3.61 5054500 NCC.Jan 30 58.35 -0.93 -5.64 42444000
DIVISLAB.Jan 30 1842.6 0.3 -1.74 2212800 CENTURYTEX.Jan 30 478.9 -3.09 -5.59 3567600

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
CASTROL INDIA LTD. 129 -0.96 1393412 2001903 72.94 INDIA VIX 12.7 10.53 255478460
ITC Ltd. 238.5 -0.56 9284478 5619818 66.88 Nifty IT 15936.6 1.44 1553878
Kotak Mahindra Bank Limi 1657.1 -0.86 1594089 1213158 65.5 Nifty Pharma 8111.95 0.72 39203051
HDFC BANK LTD. 1268.4 -1.43 5427775 1957617 63.8 Nifty 50 12226.65 -0.45 25985988
NTPC Limited 119.35 -1.69 7392962 5298030 60.68 Nifty Energy 16054.8 -0.46 1967097
Infosys Limited 746 1.54 7882938 3413440 60.33 Nifty FMCG 30109.25 -0.52 407092
BALKRISHNA IND. LTD 971.7 -0.71 410943 448915 60.18 Nifty Metal 2848.35 -0.75 111403287
Colgate Palmolive (India 1460 0.01 471643 133811 59.48 Nifty Bank 32069.25 -1.15 9882303
CUMMINS INDIA LIMITED 573 0.69 1823916 412278 58.7 Nifty Auto 8168.15 -1.2 38734479
HDFC Ltd. 2454.45 -0.48 1963923 990649 58.23 Nifty Media 1760.5 -2.23 178768180

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•INR:  Nikkei Services PMI on 6th January 2020

•INR:  Industrial Production on  (YoY)  (Nov)  on 10th January 2020

•USA: Markit Composite  PMI  6th January 2020

•USA: Services PMI (Dec) on 6th January 2020

News Updates

•Housing Development Finance Corporation (HDFC) said it will raise up to Rs 5,000 crore by issuing bonds on a private placement basis to fund its long-term capital needs. The issue size of the bond issue is Rs 3,000 crore with an option to retain oversubscription up to Rs 2,000 crore. The company will issue secured redeemable non-convertible debentures of face value of Rs 10 lakh each. It will bear coupon rate of 7.50 per cent with tenure of 5 years.

•Adani-led Adani Ports and Special Economic Zone (APSEZ) on Friday said it will acquire a majority stake in Krishnapatnam Port Company (KPCL) from Hyderabad-based CVR Group for Rs 13,572 crore. The company intends to acquire 75 per cent stake of Krishnapatnam Port Company Limited from its existing shareholders.

•Sterlite Technologies Ltd. aims to post a profitability margin of around 20 percent in ongoing financial year, Group Chief Financial Officer Anupam Jindal said, as the company bagged a Rs 1,800-crore order from the Telangana government. The supplier of fibre cables hopes to maintain the range of Ebitda margin in the next financial year as well.

•State Bank of India on Friday said it is looking to sell 50 lakh shares, equivalent to 1.01 percent stake, in National Stock Exchange as part of its fundraising exercise. SBI at present, holds 5.19 percent stake in NSE. The bid should be submitted for a minimum lot of 10,00,000 shares in the prescribed format and the last date for submission is Jan. 15, 2020.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
BAJAJELEC General 06-Jan-20 INDINFR General 07-Jan-20
DRA General 06-Jan-20 MDRNTHR-B Quarterly Results 07-Jan-20
ITI Quarterly Results 06-Jan-20 MODISNME General 07-Jan-20
NGIL General 06-Jan-20 MUDRA General 07-Jan-20
NUTRA General 06-Jan-20 ALPHA Quarterly Results 08-Jan-20
POOJA Bonus issue 06-Jan-20 HELPAGE General 08-Jan-20
PROVESTSER General 06-Jan-20 INDITALIA General 08-Jan-20
STERSPN Preferential Issue of shares 06-Jan-20 INDSILHYD Dividend on Preference Shares 08-Jan-20
SUBEX Reduction of Capital 06-Jan-20 INDSWFTLAB General 08-Jan-20
BETALA Quarterly Results 07-Jan-20 NETWORK Quarterly Results 08-Jan-20
COASTCORP Amalgamation;General 07-Jan-20 BRIJLEAS Quarterly Results 09-Jan-20
GMBREW Quarterly Results 07-Jan-20 CHANDNI General 09-Jan-20

 

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
RITES 09-Jan-20 Interim Dividend – Rs. – 6.0000 SIS 15-Jan-20 Stock  Split From Rs.10/- to Rs.5/-
SWADPOL 09-Jan-20 Stock  Split From Rs.10/- to Rs.1/-

 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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