Nifty opened at 15845.10 with a gap up of 63 points. The index first moved down, filled the gap, and recorded its intraday low at 15739.60 within the first five minutes of trading. Prices then rallied for about one hour and recorded its intraday high at 15977.95. The index faces strong resistance there and moved down again to come close around the opening tick. The index moved up again and saw a slow & steady up move towards the end of today’s trading session. Prices have finally closed at 15842.30 with a gain of 60.15 points or 0.38% up. AUTO and REALTY sectors have seen an outperformance today and closed wit h more than 2% gain. IT,FMCG, and PHARMA underperformed today and ended with some loss. We should now look fora trading opportunity in the direction of a breakout. The idea is to buy above 16000 or sell short below 15700.In case of a gap up above 16000 or a gap down below 15700, apply the first 15-minute rules. Keep a stop of 110 points and a target of 240 points from your entry price. Since the volatility is very high, we also recommend traders use the At The Money Options to execute this trade.
Bank Nifty opened at 33256 wit h a gap up of 170 points. The index first moved down, filled the gap, and recorded its intraday low at 33001.75. Prices then bounced up, saw a sharp intraday rally, and faces strong resistance around 33800. The index recorded its intraday high at 33821.65 and finally closed at 33643.35 wit h a gain of 557 points. PSU BANKS have outperformed today and ended with a gain of 2.91%.PVT BANKS have also moved up today and closed higher by 1.54%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside followed by SBIN.
Tomorrow, we should look for a trading opportunity in the direction of a breakout. The idea here is to buy on a breakout above 34000 or sell short on a breakdown below 33000.In case of a gap, follow the first 15-minute rule. Keep a stop of 300 points and a target of 800 points from your entry price.
|DLF||327||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 with a stop loss of 324 and for the target of 335.|
|ASIANPAINT||2999||SELL||The immediate trend of the script is bearish. There is a negative cross over of moving averages as well as of the indicators therefore it can be sell below 2995 with a stop loss of 3020 and target of 2950.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|TCS||3350 PE||BUY||45||CMP||30||80||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|SIEMENS.May 26||2300||0.06||2.71||1472075||HONAUT.May 26||31937.8||-6.12||31.63||11610|
|SBILIFE.May 26||1046.05||0.11||1.4||7283250||METROPOLIS.May 26||1874.9||-4.88||21.9||435200|
|WIPRO.May 26||469.1||0.18||1.71||37052000||ABCAPITAL.May 26||95.35||-4.46||9.99||23443200|
|BRITANNIA.May 26||3287.9||0.19||1.12||1395000||LALPATHLAB.May 26||2140.55||-4.2||25.68||1000250|
|BPCL.May 26||337.5||0.21||0.77||16857000||NAM-INDIA.May 26||266.5||-3.14||11.96||3220800|
|Short Covering||Long Unwinding|
|PVR.May 26||1749.65||0.11||-1.95||2371182||ABB.May 26||2256.05||-1.3||-0.44||335750|
|PNB.May 26||29.4||0.34||-1.46||2.36E+08||NAVINFLUOR.May 26||3896.45||-0.64||-0.64||382275|
|AXISBANK.May 26||640.5||0.64||-0.72||60644400||CROMPTON.May 26||351.15||-0.47||-0.06||3485900|
|PFC.May 26||106||0.76||-1.66||38942200||GLENMARK.May 26||393.05||-0.41||-0.09||6413550|
|SRF.May 26||2250.15||0.78||-2.11||3825375||HINDCOPPER.May 26||91.7||-0.38||-1.48||13407400|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Ipca Laboratories Ltd.||983.7||0.85||123049||0||70.44||Nifty50||15842.3||0.38||78540|
|Crompton Greaves Consume||351.85||-0.33||575122||0||69.84||Niftybank||33597.6||1.44||78540|
|Mah & Mah Ltd.||903.35||1.56||2856221||0||67.42||Nifty it||29403.5||-0.75||78540|
|Bharti Airtel Limited||693.2||0.48||5412233||0||65.27||India Vix||24.53||4.47||78540|
|Hdfc Ltd.||2172.1||1.84||1745877||0||65.07||Nifty Fmcg||36759.5||-0.35||78540|
|Infosys Limited||1489.1||-1.02||6145331||0||63.45||Nifty Pharma||12608.25||-0.17||78540|
|Petronet Lng Limited||209.95||2.07||1451702||0||61.95||Nifty Realty||394.5||2.61||78540|
|Kotak Mahindra Bank Limi||1812.85||1.87||3039181||0||61.06||Nifty Auto||10649.1||2.27||78540|
|Tata Consultancy Serv Lt||3376.8||-1.12||1195813||0||60.61||Nifty Metal||5359.95||0.88||78540|
|Rec Limited||115.55||1.36||3701858||0||58.3||Nifty Financial Services||15492.85||1.32||78540
UPCOMING ECONOMIC DATA
|INR: WPI Inflation (YoY) (Apr) on 17th May, 2022||•USD: Retail Sales (MoM) (Apr) on 17th May 2022
•USD: Industrial Production (YoY) (Apr)on 17th May, 2022
- The declining risk appetite of investors amid rising rates and inflation continue to play spoilsport across markets. With persistent bears hammering, the prospects of a decent listing of Life India Insurance (LIC) has diminished, as per trends in the grey market. Shares of LIC were trading at a discount of Rs 15-20 a piece over its issue price of Rs 949 in the grey market ahead of its listing on Tuesday, May 17.
- Holcim will use cash raised from the sale of its Indian business for acquisitions focused on building products and solutions, Chief Executive Jan Jenisch said on Monday, with the cement-maker currently eyeing 10 potential targets. Holcim agreed to sell its Indian business to Adani Group for 6.4 billion Swiss francs ($6.38 billion), its largest divestment in years, as it seeks to lower its carbon profile and raise funds for takeovers.
- Bharat Forge’s electric vehicle business will become as huge as its overall automobile business by fiscal year 2025, company’s Chairman and Managing Director Baba Kalyani while speaking to CNBC TV18, said Bharat Forge is “setting up a greenfield facility in the US for aluminum components for EVs” The switchover to electric vehicle business will depend on “how fast the EV transition takes place” “In the next four years, by FY2025, EV component and electric vehicle business be as big as overall auto business.
- Tata Power Solar, the solar energy subsidiary of Tata Power, one of India’s largest integrated power company, said on May 16 that it has received a 300-megawatt solar energy project worth Rs 1,731 crore from state-owned NHPC. Located in Rajasthan, the project will be built under the IREDA’s CPSU scheme.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ABBOTINDIA||Audited Results;Dividend||17-May-22||KAJARIACER||Audited Results;Final Dividend||17-May-22|
|ACRYSIL||Final Dividend;Quarterly Results||17-May-22||KIRLFER||Audited Results;Final Dividend||17-May-22|
|BAJAJELEC||Audited Results;Dividend||17-May-22||LALPATHLAB||Audited Results;Final Dividend||17-May-22|
|BAJAJHCARE||Audited Results;Final Dividend;Results||17-May-22||MINDACORP||Audited Results;Final Dividend||17-May-22|
|BHARTIARTL||Audited Results;Dividend||17-May-22||MOTILALOFS||Buy Back of Shares||17-May-22|
|CIL||Audited Results||17-May-22||MPSLTD||Audited Results;Final Dividend||17-May-22|
|DLF||Audited Results;Dividend||17-May-22||MUTHTFN||Audited Results||17-May-22|
|EASUN||Audited Results||17-May-22||NOCIL||Audited Results||17-May-22|
|EIDPARRY||Audited Results||17-May-22||NUCLEUS||Audited Results;Final Dividend||17-May-22|
|FAIRCHEMOR||Audited Results;Final Dividend||17-May-22||ORIENTBELL||Dividend;Quarterly Results||17-May-22|
|GALAXYSURF||Results;Final Dividend;Quarterly Results||17-May-22||PIIND||Audited Results;Final Dividend||17-May-22|
|GMRINFRA||Audited Results;Quarterly Results||17-May-22||SAPPHIRE||Audited Results||17-May-22|
|GTLINFRA||Audited Results||17-May-22||SPARC||Audited Results||17-May-22|
|INDOCO||Audited Results;Final Dividend||17-May-22||STARCEMENT||Audited Results;Quarterly Results||17-May-22|
|IOC||Results;Bonus issue;Final Dividend||17-May-22||UDAICEMENT||Audited Results;General||17-May-22|
|IRB||Audited Results||17-May-22||ULTRACAB||Audited Results;Quarterly Results||17-May-22|
|JUBLINGREA||Audited Results;Final Dividend||17-May-22||ZYDUSWELL||Audited Results;Final Dividend||17-May-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|GESHIP*||17-May-22||Interim Dividend – Rs. – 5.40||TANAA||19-May-22||Interim Dividend – Rs. – 2.00|
|MINDSPACE||17-May-22||Income Distribution RITES||THINKINK||19-May-22||Interim Dividend – Rs. – 0.10|
|AVANTEL||18-May-22||Final Dividend – Rs. – 4.00||KKCL||20-May-22||Interim Dividend – Rs. – 5.00|
|GARMNTMNTR||18-May-22||Stock Split From Rs.10/- to Rs.1/-||LATIMMETAL||20-May-22||Stock Split From Rs.10/- to Rs.1/-|
|JETFREIGHT||19-May-22||Stock Split From Rs.10/- to Rs.5/-||TRENT||20-May-22||Final Dividend – Rs. – 1.10|
|SINDHUTRAD||19-May-22||Bonus issue 2:1||ANGELONE||23-May-22||Final Dividend – Rs. – 2.2500|
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