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.
|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.|
|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|
|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|
|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
|•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
|•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,,
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|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|
|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
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