The NIFTY gave away much of today’s gain and ended up with a gain of only 60 points at 12052.95 and formed an indecisiven spinning top on the daily chart. The immidiate support for the NIFTY comes at 11980 and resistance at 12100.
Dont expect strength in the NIFTY unless it close above 12150-12170 zone. For the time being, the index appears to be definding its 50 day moving avarage, whose value is placed around the 11980 level. The consolidation is expected to continue as long as NIFTY sustain above this level.
Sell on a breakdown below 11970 with a stop just above 12000.
Sell on a rally towards 12100 with a stop just above 12130.
|KOTAKBANK||1670.85||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 1650 and for the target of 1690-1700.|
|CASTROLIND||126.95||SELL||The immediate trend of the stock is weak . The stock can be sell with a stop loss of 129.30 and for the target of 120.|
|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|MANAPPURAM||172.50 PE||BUY||4.70||CMP||3.20||11||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|BANKNIFTY.Jan 30||31500||0.44||16.9||1605360||NMDC.Jan 30||128.2||-0.97||11.83||27162000|
|CANBK.Jan 30||208.5||0.55||12.13||16608800||BPCL.Jan 30||464.8||-1.32||10.23||30909600|
|RBLBANK.Jan 30||342.8||1.75||8.46||15559500||BIOCON.Jan 30||283.5||-1.55||8.96||11743800|
|NIITTECH.Jan 30||1652||0.24||8.06||668625||HINDPETRO.Jan 30||244.25||-0.43||8.55||18265800|
|MINDTREE.Jan 30||839.4||1.94||7.43||1387200||HINDALCO.Jan 30||209.9||-0.12||7.23||41482000|
|Short Covering||Long unwinding|
|AMARAJABAT.Jan 30||727.25||1.2||-3.26||1378400||NIFTYIT.Jan 30||15902||-0.13||-3.12||6200|
|CADILAHC.Jan 30||258.4||0.98||-3.11||6782600||UJJIVAN.Jan 30||334.5||-0.07||-2.27||7242000|
|ASHOKLEY.Jan 30||82.25||2.05||-1.73||54576000||IDEA.Jan 30||5.95||-1.65||-0.39||3.74E+08|
|MFSL.Jan 30||559.25||0.75||-1.24||10704200||YESBANK.Jan 30||42.8||-1.72||-0.05||2.34E+08|
|NATIONALUM.Jan 30||44||0.46||-1.21||43102800||TATAPOWER.Jan 30||56.8||-0.26||-0.01||73647000|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Pidilite Industries Ltd||1399.7||0.86||863685||567320||71.86||Nifty Media||1735.15||1.04||84306|
|MRF Ltd.||65334.1||-0.27||10835||7016||67.16||Nifty Midcap 50||4674.65||0.76||84306|
|HDFC BANK LTD.||1260.6||1.58||7362247||3647637||66.99||Nifty Metal||2785.9||0.73||84306|
|ITC Ltd.||235.35||0.11||8416741||4934625||64.62||Nifty Pharma||8036.5||0.62||84306|
|Petronet LNG Limited||270.95||1.54||1945358||977228||63.9||Nifty Bank||31399.4||0.52||84306|
|Divi s Laboratories Limi||1843.9||0.3||302472||311924||62.38||Nifty 50||12052.95||0.5||84303|
|THE RAMCO CEMENTS||788.7||5.01||1962483||304098||62.07||Nifty Auto||8002.5||0.3||84306|
|ICICI BANK LTD.||522.9||-0.53||16101835||7567496||60.37||Nifty FMCG||29861.8||0.21||84306|
|Tata Chemicals Ltd.||666.3||0.99||610745||240617||58.63||Nifty IT||15895.2||0.1||84306|
|MARICO LIMITED||332.65||0.27||1434983||1061525||58.56||INDIA VIX||14.61||-1.15||84306|
Upcoming Economic Data
|•INR: Industrial Production on (YoY) (Nov) on 10th January 2020
•INR: Manufacturing Output (MoM) (Nov) on 10th January 2020
|•USA: ADP Nonfarm Payroll Employment Change (Dec) on 8th January 2020
•USA: Crude Oil Inventories on 8th January 2020
|•The Supreme Court (SC) has directed the Department of Telecom (DoT) to refund the bank guarantee worth Rs 104 crore to Anil Ambani’s RCom, junking the DoT’s plea to block the return of the amount. This amount is the balance of the bank guarantee for spectrum, to be paid to RCom by the Centre.
•JK Tyre and Industries plans to reduce debt by 50 percent over three years, supported by cost-cutting initiatives and a potential increase in replacement market business and exports. Company CFO Sanjeev Aggarwal who stated the company was pare its Rs 5,000-crore debt down by more than half in the coming three years with a series of cost-cutting initiatives and expected improvement in capacity utilisation.
•Motilal Oswal has come out with its Third quarter (October-December’ 19) earnings estimates for Wipro. The brokerage house expects Wipro to report net profit at Rs. 2,482.3 crore down 3.1% quarter-on-quarter (down 2.4% year-on-year).Net Sales are expected to increase by 3.8 percent Q-o-Q (up 4.2 percent Y-o-Y) to Rs. 15,693.3 crore.
•Shares of HDFC Bank gained 2.5 percent intraday on January 7 following strong loan and deposits growth in the quarter ended December 2019. It registered around 20 percent growth in advances during the quarter YoY. Advances aggregated to approximately Rs 9.3 lakh crore as of December 2019, against Rs 7.81 lakh crore as of December 2018.
Source: Economic Times, Moneycontrol ,Business Today, Bloomberg Quint,,,
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ALPHA||Quarterly Results||08-Jan-20||EMERALL||Preferential Issue of shares||09-Jan-20|
|HELPAGE||General||08-Jan-20||FINKURVE||Preferential Issue of shares||09-Jan-20|
|INDSILHYD||Dividend on Preference Shares||08-Jan-20||VISVEN||General||09-Jan-20|
|NETWORK||Quarterly Results||08-Jan-20||ALEXANDER||Interim Dividend;General||10-Jan-20|
|ASTERDM||Buy Back of Shares||09-Jan-20||EMAMIREAL||General||10-Jan-20|
|BRIJLEAS||Quarterly Results||09-Jan-20||ICSL||Quarterly Results||10-Jan-20|
|EMAMIPAP||Quarterly Results||09-Jan-20||KORE||Quarterly Results||10-Jan-20|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|RITES||09-Jan-20||Interim Dividend – Rs. – 6.0000||INFRATRUST||14-Jan-20||Income Distribution (InvIT)|
|SWADPOL||09-Jan-20||Stock Split From Rs.10/- to Rs.1/-||SIS||15-Jan-20||Stock Split From Rs.10/- to Rs.5/-|
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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