NIFTY:
NIFTY opened at 18185 with a gap down of 72 points. The index slightly moved lower for the first 5 minutes of trading and recorded its intraday low at 18119.65. Prices then started a process of consolidation. Short-term support was visible around 18150and the index bounced up from that support and rallied to record its intraday high at 18286.95. Prices again moved down in the last 30 minutes of trading and finally closed at 18255.75 almost at yesterday ‘s closing prices with a loss of just 2.05 points or 0.01% down. The REALTY and IT sectors have outperformed today and closed higher by 1.15% & 0.57%.The rest of the sectoral indices have seen a decline today and closed lower led by FMCG and PHARMA.
The short-term trend is up and it will be up as long as prices are trading above 18000 levels. On Monday we should look for a buying opportunity as the index is moving sideways for the last three trading days. The long-term trend is up now which was sideways before while the long-term momentum is moving within the strength zone with full strength.
BANK NIFTY:
BANK NIFTY opened at 38302.35 with a gap down of 163 points. The index slight y moved higher and then started moving lower. Prices have recorded its intraday low at 38007.75 and then started rising again. This time the rally lasted for the rest of the day, prices recorded its intraday high at 38448.05 and finally closed at 38312.80 with a loss of 153 points.
PVT and PSU BANKS both indices have performed almost same today, saw a minor decline and closed lower by 0.22% and 0.13% respectively. Within the index, in terms of points, HDFC BANK contributed the highest while AXIS BANK contributed the lowest.
Decline continued for the second consecutive trading day where a gap down remined intact despite of a sharp intraday rally and the index ended with loss almost at its opening tick. The short-term trend is still up as prices are making a pattern of higher Highs and Higher Lows. First sign of a change will come when index closes below the swing high around 37600.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE+ |
| BEL | 220 | BUY | The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be buy above 221 with a stop loss of 218 and for the target of 225. |
| BAJAJFNSV | 18209 | BUY | The immediate trend of the script is bullish. There is a positive cross over of moving averages as well as of the indicators therefore it can be buy above 18220 with a stop loss of 18080 and target of 18500. |
DERIVATIVE PICKS
| Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| IRCTC | 920 CE | BUY | 26 | CMP | 18 | 40 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| IEX.Jan 27 | 267.3 | 0.02 | 2.67 | 41546250 | MOTHERSUMI.Jan 27 | 186.1 | 21479500 | |||
| KOTAKBANK.Jan 27 | 1934.3 | 0.02 | 0.19 | 13192800 | MINDTREE.Jan 27 | 4562 | 2963400 | |||
| GNFC.Jan 27 | 488.4 | 0.03 | 6.92 | 3595800 | BIOCON.Jan 27 | 356.65 | 21235900 | |||
| ASHOKLEY.Jan 27 | 138.2 | 0.04 | 2.69 | 31108500 | AUBANK.Jan 27 | 1265.6 | 3180500 | |||
| PEL.Jan 27 | 2648.9 | 0.04 | 1.5 | 3368475 | AUROPHARMA.Jan 27 | 698.25 | 15862500 | |||
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| SRF.Jan 27 | 2658.4 | 0.02 | -0.38 | 3044250 | FSL.Jan 27 | 178.1 | -2.41 | -3.04 | 11960000 | |
| IPCALAB.Jan 27 | 1061.5 | 0.07 | -0.57 | 1796400 | METROPOLIS.Jan 27 | 3048.05 | -2.1 | -0.28 | 564800 | |
| DEEPAKNTR.Jan 27 | 2661.65 | 0.1 | -0.75 | 1893750 | PERSISTENT.Jan 27 | 4459.95 | -1.62 | -0.92 | 599400 | |
| BOSCHLTD.Jan 27 | 17501.15 | 0.2 | -1.06 | 144900 | HDFC.Jan 27 | 2717.2 | -1.5 | -0.54 | 12927300 | |
| INDHOTEL.Jan 27 | 211.85 | 0.21 | -1.15 | 11708042 | M&MFIN.Jan 27 | 165.3 | -1.4 | -2.1 | 29496000 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Hindustan Unilever Ltd | 2363.7 | -2.09 | 1595418 | 0 | 79.01 | Nifty 50 | 18255.75 | -0.01 | 72822 | |
| Crompton Greaves Consume | 446.65 | -0.45 | 1133406 | 0 | 78.64 | Nifty Bank | 38370.4 | -0.26 | 72822 | |
| Icici Lombard General In | 1415.55 | 0.39 | 357395 | 0 | 72.97 | Nifty it | 38826.85 | 0.57 | 72822 | |
| Max Financial Services l | 1031.3 | -1.87 | 604705 | 0 | 71.94 | Nifty Auto | 11643.05 | -0.37 | 72822 | |
| Marico Limited | 499.55 | -0.24 | 637817 | 0 | 71.53 | Nifty Metal | 5871.4 | -0.19 | 72822 | |
| Honeywell Auto India Ltd | 44556.2 | 1.02 | 3932 | 0 | 71.47 | India Vix | 16.56 | -0.84 | 72822 | |
| Hdfc Ltd. | 2712.45 | -1.58 | 1765170 | 0 | 70.05 | Nifty Pharma | 13964.15 | -0.62 | 72822 | |
| Petronet Lng Limited | 226.15 | 0.11 | 800661 | 0 | 68.55 | Nifty Fmcg | 37816 | -0.71 | 72822 | |
| Piind | 2804 | -1 | 368198 | 0 | 67.69 | Nifty Realty | 509.6 | 1.15 | 72822 | |
| Escorts India Ltd. | 1869.3 | 0.58 | 719257 | 0 | 65.87 | Nifty Financial Services | 18566.1 | -0.25 | 72822 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: FX Reserves, USD on 21st January, 2022
INR: Bank Loan and Deposit growth on 21st January, 2022 |
•USD: API Weekly Crude Oil Stock on 19th January 2022
•USD : Building Permits (Dec) on 19th January 2022 |
NEWS UPDATES
-
Maruti Suzuki India (MSI) on Saturday said it has increased prices of its models by up to 4.3 per cent with immediate effect to partially offset the impact of the rise in input costs. The company has enhanced prices across its models in the range of 0.1 per cent to 4.3 per cent owing to increase in various input costs.
-
Sequent Scientific, an animal health firm, on Friday said it has appointed Rajaram Narayanan as MD and CEO for five years, with effect from April 11, 2022. Narayanan replaces Manish Gupta who has put in his papers.
-
HCL Technologies Ltd.’s revenue rose, in line with estimates, in the third quarter, led by a recovery in products business, deal wins and rising demand for digital services. The software services exporter saw its revenue increase 8.1% sequentially to Rs 22,331 crore in the three months ended December, according to its exchange filing. Net profit rose 5.6% to Rs 3,442 crore, against the Rs 3,374-crore forecast.
-
AGS Transact Technologies has priced its initial public offering (IPO) between Rs166 to Rs175 per share. Bids can be made for a minimum of 85 Equity Shares and in multiples of 85 Equity Shares after that. The IPO is an offer for sale of Rs680 crore. The IPO will open on January 19 and conclude on January 21. The company is a payment solutions provider in India, providing digital and cash-based solutions to banks and corporates.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint.
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| AARSHYAM | Quarterly Results | 17-Jan-22 | KPEL | Interim Dividend;Quarterly Results | 17-Jan-22 |
| ACEMEN | Quarterly Results | 17-Jan-22 | KPIGLOBAL | Interim Dividend;Quarterly Results | 17-Jan-22 |
| ADVIKCA | Results;Right Issue of Equity Shares | 17-Jan-22 | KREONFIN | Quarterly Results | 17-Jan-22 |
| ANGELONE | Interim Dividend;Quarterly Results | 17-Jan-22 | MAHSCOOTER | Quarterly Results | 17-Jan-22 |
| ARFIN | Quarterly Results | 17-Jan-22 | MCLOUD | Quarterly Results | 17-Jan-22 |
| ARTSONEN | Quarterly Results | 17-Jan-22 | MFSINTRCRP | Quarterly Results | 17-Jan-22 |
| BCPL | General | 17-Jan-22 | MINDSPACE | General | 17-Jan-22 |
| BEPL | Interim Dividend;Quarterly Results | 17-Jan-22 | MOSCHIP | Quarterly Results | 17-Jan-22 |
| FCL | ESOP;Quarterly Results;General | 17-Jan-22 | NARBADA | General | 17-Jan-22 |
| GOODLUCK | Quarterly Results | 17-Jan-22 | NAZARA | Preferential Issue of shares | 17-Jan-22 |
| HATHWAY | Quarterly Results | 17-Jan-22 | PODARPIGQ | Quarterly Results | 17-Jan-22 |
| HEXATRADEX | Quarterly Results | 17-Jan-22 | SONATSOFTW | Quarterly Results | 17-Jan-22 |
| HFCL | Quarterly Results | 17-Jan-22 | SYLPH | General | 17-Jan-22 |
| INDOCITY | Quarterly Results | 17-Jan-22 | TATASTLLP | Audited Results;Quarterly Results | 17-Jan-22 |
| JETINFRA | General | 17-Jan-22 | TATVA | Quarterly Results | 17-Jan-22 |
| JINDCAP | General | 17-Jan-22 | TIGERLOGS | Quarterly Results;General | 17-Jan-22 |
| KAJARIR | Quarterly Results | 17-Jan-22 | ULTRACEMCO | Quarterly Results | 17-Jan-22 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| ELDEHSG | 17-Jan-22 | Stock Split From Rs.10/- to Rs.2/- | CHOICEIN | 19-Jan-22 | Right Issue of Equity Shares |
| HGS | 17-Jan-22 | Interim Dividend – Rs. – 150.0000 | TCS | 19-Jan-22 | Interim Dividend – Rs. – 7.0000 |
| NAUKRI | 17-Jan-22 | Interim Dividend – Rs. – 8.0000 | HCLTECH | 20-Jan-22 | Interim Dividend – Rs. – 10.0000 |
| JOONKTOLL | 18-Jan-22 | Right Issue of Equity Shares | MAHACORP | 20-Jan-22 | E.G.M. |
| ANANDRATHI | 19-Jan-22 | Interim Dividend – Rs. – 5.0000 | RAILTEL | 20-Jan-22 | Interim Dividend – Rs. – 1.7500 |
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)
Disclosure Appendix
Analyst Certification (For Reports)
Israil Khan, Elite Wealth Limited, suhail@elitewealth.in
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.
Research Excerpts
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.
Company-Specific Disclosures
Important disclosures, including price charts, are available and all Elite Wealth Limited covered companies by visiting https://www.elitewealth.in, or emailing research@elitestock.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 research@elitestock.com.
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
Other Disclosures
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:
1. Reports
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;
2. Compensation
(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