The NIFTY opened at 17797.20 with a gap of 99 points. The index initially went down but quickly found support and bounced up after recording its intraday low at 17764.05. Prices rallied sharply, went above 17800, and recorded their intraday high at 17839.10. Prices then again moved down and came close to their early morning low and again found support there. Prices have seen a sharp intraday rally in the last 30 minutes of trading and finally closed at 17825.25 near its daily highs with a gain of 127.10 points or 0.72% up. AUTO outperformed today and ended with a gain of 2.52% followed by REALTY which ended nearly 2% higher. FMCG and OIL GAS also did well today by gaining over 1%. MEDIA was the only sector that ended with a loss today. The short-term trend is up. We have mentioned a resistance around 17700 which the index easily crossed above. This level should now act as a support level. The next likely resistance should now emerge around the 18000 mark. We are anticipating a dip or some kind of consolidation here since the index has seen a sharp upside move in the past few weeks. We should now avoid trading the index and wait for an adequate setup to emerge.
The BANK NIFTY opened at 39284.10 with a gap of 232 points. The index initially went up for half an hour and then turned down after recording its intraday high at 39444.60. Prices have seen an intraday decline but did not able to fill the gap completely and bounced back after recording its intraday low at 39119.90. Prices have seen a minor recovery and finally closed at 39247.30 with a gain of 195 points. PVT BANKS have outperformed today and ended with a gain of 0.68%. PSU BANKS have underperformed today and ended with a loss of 0.37%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while SBIN contributed the lowest. The short-term trend is up and we should look for buying only. We have mentioned that support is visible around 38000 while resistance should emerge around 39400-39500 zones.
|TATA CONSUMERS||779.5||BUY||The Stock has been in an uptrend and then corrected till found support from the golden level of the FIB level. One should Buy at 780 for the Target of 785 with the SL of 776.|
|BSOFT||335.90||SELL||The stock has been in a downtrend making lower highs, currently, the price is facing some selling pressure after making a high. One should sell @ 333.7 for the target of 328 with an SL of 337.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|TATA POWER||240 (CE)||BUY||5.50||CMP||3||10||BREAKOUT|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|HDFCAMC.22.08 Aug||2192.85||12.06||3.28||2911200||MUTHOOTFIN.22.08 Aug||1044.45||-12.44||51.89||7845750|
|ICICIGI.22.08 Aug||1300.1||4.85||3.44||3756150||METROPOLIS.22.08 Aug||1449||-2.65||12.27||889200|
|HDFCLIFE.22.08 Aug||571.95||4.74||0.28||29807800||HINDALCO.22.08 Aug||429||-1.91||6.39||28579950|
|Short Covering||Long Unwinding|
|ESCORTS LIMITED||1846.6||10.24||-5.19||2259950||LUPIN.22.08 Aug||684.55||-0.04||-0.51||9197850|
|HONAUT.22.08 Aug||42760.35||7.08||-12.99||11760||SUNPHARMA.22.08 Aug||912.95||-0.05||-1.15||19961200|
|IEX.22.08 Aug||172.8||4.16||-1.85||52676250||CHAMBLFERT.22.08 Aug||339.8||-0.41||-1.21||7587000|
|ADANIENT.22.08 Aug||2984.85||3.82||-1.26||18742500||PFC.22.08 Aug||120.3||-0.7||-1.68||34813000|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Hdfc Asset Management Co||2181.35||11.49||5461044||0||0||Nifty50||17825.25||0.72||84774|
|Escorts Kubota Limited||1842.55||9.58||2285882||0||0||Niftybank||39239.65||0.51||84780|
|Honeywell Auto India Ltd||42503.35||6.55||51179||0||0||Nifty it||29909||0.08||84780|
|Apollo Tyres Ltd.||250.15||5.95||20112566||0||0||India Vix||17.68||0.43||84777|
|Samvardhana Motherson||128.55||4.73||14915989||0||0||Nifty Fmcg||42964.1||1.19||84780|
|Hdfc Life Insurance Comp||570.6||4.71||9780995||0||0||Nifty Pharma||12933.85||0.54||84780|
|Icici Lombard General In||1296||4.7||709618||0||0||Nifty Realty||452||1.97||84780|
|Mrf Ltd.||86971.45||4.62||28904||0||0||Nifty Auto||13250||2.52||84783|
|Bosch Limited||18044.25||4.54||95435||0||0||Nifty Financial Services||18191.35||0.75||84783|
UPCOMING ECONOMIC DATA
|INR: FX Reserves, USD on 19th August, 2022
INR: GDP Quarterly (YoY) (Q1) on 31st August, 2022
| USD : Core Retail Sales (MoM) (Jul) on 17th August, 2022
USD : Crude Oil Inventories on 17th August, 2022
India’s wholesale inflation fell to the lowest since February. Inflation, as measured by the Wholesale Price Index, stood at 13.93% in July 2022 against 15.18%, according to data released by the Ministry of Commerce and Industry on Tuesday. The gauge fell 0.13% over the previous month compared with a 0.65% decline in June.
New age insurer Go Digit General Insurance filed its draft red herring prospectus (DRHP) with the markets regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The public issue consists of a fresh issue of equity shares worth up to Rs 1,250 crore and an offer-for-sale (OFS) up to 109,445,561 equity shares by promoter and selling shareholders.
Board of Directors of the Samvardhana Motherson International in its meeting held today, i.e., August 16, 2022, has recommended issue of bonus shares in the ratio of 1 (one) bonus equity share against 2 (two) existing equity shares
India’s stock benchmarks rose on Tuesday, aided by gains in auto, energy, oil and gas, fmcg and power stocks, amid slid in brent crude prices. Sensex and Nifty have risen for six days in a row, equalling the longest winning streak in 2022, so far.
Source: Economic Times, Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Meeting Date||Company Name||Purpose||Meeting Date|
|7NR||Right Issue of Equity Shares;Rights Issue||17-Aug-22||SEACOAST||Right Issue of Equity Shares;General||18-Aug-22|
|ARISINT||Preferential Issue of shares||17-Aug-22||SHRENTI||A.G.M.;General||18-Aug-22|
|SMAUTO||A.G.M.;General||17-Aug-22||GENSOL||General;Preferential Issue of shares;Rights Issue||19-Aug-22|
|SPRAYKING||Right Issue of Equity Shares||17-Aug-22||INDSILHYD||General||19-Aug-22|
|AMANITRA||Issue Of Warrants;General;Preferential Issue of shares||18-Aug-22||ITL||A.G.M.;General||19-Aug-22|
|BEML||Scheme of Arrangement||18-Aug-22||PICCADIL||Final Dividend||19-Aug-22|
|JSGLEASING||Increase in Authorised Capital;Issue Of Warrants;General||18-Aug-22||RAMASTEEL||Issue Of Warrants;Preferential Issue of shares||19-Aug-22|
|NOL||General||18-Aug-22||GILLETTE||Audited Results;Final Dividend||22-Aug-22|
|RAYALEMA||A.G.M.;General;Preferential Issue of shares||18-Aug-22||HATSUN||A.G.M.||22-Aug-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|APLLTD||17-Aug-22||Int. Div. Rs.10||ELIXIR||18-Aug-22||Final Dividend Rs.1.25|
|BAIDFIN||17-Aug-22||Final Dividend Rs.0.10||GREENPLY||18-Aug-22||Final Dividend Rs. 0.5|
|BBTC||17-Aug-22||Dividend Rs.1.2||INDOBORAX||18-Aug-22||Final Dividend Rs.1|
|CONCOR||17-Aug-22||Final Dividend Rs.1.25||IRCTC||18-Aug-22||Final Dividend Rs.1.5|
|EVERESTIND||17-Aug-22||Final Dividend Rs. 6||ISEC||18-Aug-22||Final Dividend Rs.12.75|
|JAGRAN||17-Aug-22||Int. Div. Rs.4||JAYSYN||18-Aug-22||Dividend Rs.0.30|
|LGBBROSLTD||17-Aug-22||Dividend Rs.15||JKTYRE||18-Aug-22||Dividend Rs.1.5|
|MANAPPURAM||17-Aug-22||Int. Div. Rs.0.75||KSE||18-Aug-22||Final Dividend Rs.20|
|MARALOVER||17-Aug-22||Dividend Rs.2||KTKBANK||18-Aug-22||Final Dividend Rs.4|
|RECLTD||17-Aug-22||Bonus issue 1:3||MAGNAELQ||18-Aug-22||Final Dividend Rs. 2.5|
|RELAXO||17-Aug-22||Final Dividend Rs.2.5||NAUKRI||18-Aug-22||Final Dividend Rs. 5|
|SAICOM||17-Aug-22||Split Rs.10/- to Rs.1/-||NEAGI||18-Aug-22||Final Dividend Rs. 20|
|SHIVAMILLS||17-Aug-22||Final Dividend Rs.1.2||ONGC||18-Aug-22||Final Dividend Rs.3.25|
|STARTECK||17-Aug-22||Final Dividend Rs.0.25||PAGEIND||18-Aug-22||Int. Div.|
|YSL||17-Aug-22||Final Dividend Rs.200||PERFEPA||18-Aug-22||Int. Dividend|
|APOLLOHOSP||18-Aug-22||Dividend Rs. 11.75||PFIZER||18-Aug-22||Dividend Rs.35|
|BERGEPAINT||18-Aug-22||Dividend Rs. 3.10||PHCAP||18-Aug-22||Int. Div.|
|CANFINHOME||18-Aug-22||Final Dividend Rs.1.5||POLYSPIN||18-Aug-22||Final Dividend Rs. 0.6|
|DYNAMATECH||18-Aug-22||Int. Div. Rs.3||QUICKHEAL||18-Aug-22||Final Dividend Rs.4.5|
|ECORECO||18-Aug-22||Final Dividend Rs.1||RELIANCE||18-Aug-22||Final Dividend Rs.8|
Disclosure in pursuance of Section 19 of SEBI (RA) Regulation 2014
Elite Wealth Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only information in making their investment decision and must exercise their own judgment before making any investment decision.
For analyst certification and other important disclosures, see the Disclosure Appendix, or go to www.elitewealth.in. Analysts employed by Elite Wealth Limited are registered/qualified as research analysts with SEBI in India.( SEBI Registration No.: INH100002300)
Analyst Certification (For Reports)
Israil Khan, Elite Wealth Limited, firstname.lastname@example.org
The analyst(s) certify that all of the views expressed in this report accurately reflect my/our personal views about the subject company or companies and its or their securities. I/We also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. Unless otherwise stated, the individuals listed on the cover page of this report are analysts in Elite Wealth Limited.
As to each individual report referenced herein, the primary research analyst(s) named within the report individually certify, with respect to each security or issuer that the analyst covered in the report, that:
(1) all of the views expressed in the report accurately reflect his or her personal views about any and all of the subject securities or issuers; and
(2) no part of any of the research analyst’s compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in the report.
For individual analyst certifications, please refer to the disclosure section at the end of the attached individual notes.
This note may include excerpts from previously published research. For access to the full reports, including analyst certification and important disclosures, investment thesis, valuation methodology, and risks to rating and price targets, please visit www.elitewealth.in.
Important disclosures, including price charts, are available and all Elite Wealth Limited covered companies by visiting https://www.elitewealth.in, or emailing email@example.com with your request. Elite Wealth Limited may screen companies based on Strategy, Technical, and Quantitative Research. For important disclosures for these companies, please e-mail firstname.lastname@example.org.
Options related research:
If the information contained herein regards options related research, such information is available only to persons who have received the proper option risk disclosure documents. For a copy of the risk disclosure documents, please contact your Broker’s Representative or visit the OCC’s website at https://www.elitewealth.in
All research reports made available to clients are simultaneously available on our client websites. Not all research content is redistributed, e-mailed or made available to third-party aggregators. For all research reports available on a particular stock, please contact your respective broker’s sales person.
Ownership and material conflicts of interest Disclosure
Elite Wealth Limited policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst’s area of coverage. Analyst compensation: Analysts are salary based permanent employees of Elite Wealth Limited. Analyst as officer or director: Elite Wealth Limited policy prohibits its analysts, persons reporting to analysts from serving as an officer, director, board member or employee of any company in the analyst’s area of coverage.
Country Specific Disclosures
India – For private circulation only, not for sale.
Legal Entities Disclosures
Mr. Ravinder Parkash Seth is the Managing Director of Elite Wealth Ltd (EWL, henceforth), having its registered office at Casa Picasso, Golf Course Extension, Near Rajesh Pilot Chowk, Radha Swami, Sector-61, Gurgaon-122001 Haryana, is a SEBI registered Research Analyst and is regulated by Securities and Exchange Board of India. Telephone:011-43035555, Facsimile: 011-22795783 and Website: www.elitewealth.in
EWL discloses all material information about itself including its business activity, disciplinary history, the terms and conditions on which it offers research report, details of associates and such other information as is necessary to take an investment decision, including the following:
a) EWL or his associate or his relative has no financial interest in the subject company and the nature of such financial interest;
(b) EWL or its associates or relatives, have no actual/beneficial ownership of one per cent. or more in the securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance;
(c) EWL or its associate or his relative, has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;
(a) EWL or its associates have not received any compensation from the subject company in the past twelve months;
(b) EWL or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months;
(c) EWL or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months;
(d) EWL or its associates have not received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months;
(e) EWL or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report.
3 In respect of Public Appearances
(a) EWL or its associates have not received any compensation from the subject company in the past twelve months;
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report and the types of services provided by EWL