Nifty opened at 16339.45 with a big gap down of 159 points. Initial prices continued moving lower another 200 points and recorded its intraday low at 16133.80. Prices bounced up from there, saw a sharp rally of more than 300 points, and recorded its intraday high at 16456. The rally fizzled out there and again prices drifted downwards. In the last one and half hours of trading, prices have seen a down move of almost 200 points and finally closed at 16245.35 with a loss of 252.70 points or 1.53% down. All the sectoral indices have seen a down move today and closed lower except the IT that ended with marginal gains. AUTO and METAL have led the bears and ended with a loss of more than 3%.
The index continued recording a wide range day from the last few trading days. The Volatility remained very high as the volatility index ‘INDIA VIX’ is moving around 28. It will be normal when the index moves below 18. The chances of a low volatile environment are less at least for next week also due to the Russia Ukraine issue.” Support is visible around first at 16200, if breach then 15500. Today the index broke down 16200 but ended higher. Strong resistance is visible inside the 16800 16900 range. We should step aside and not indulge ourselves in any kind of trading.
BANK NIFTY opened at 34526.10 with a big gap down of 440 points. The index further moved down almost 500 points and recorded its intraday low at 34094.10. Prices have bounced up, saw a sharp intraday rally to record its intraday high at 35097.75. However, the index did not sustain long there and again moved down to finally close at 34407.80 with a loss of 536 points. PVT and PSU BANKS have performed almost same today, saw a sharp intraday decline and ended with a loss of 1.66% and 1.59% respectively.
The short term trend is down as the index is making lower high lower lows pattern. We should avoid trading the index and wait markets to stabilize first. Resistance is visible around 36800. Support is visible around 34000.
|BSOFT||437||BUY||The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be bought with a stop loss of 433 and for the target of 445.|
|EICHERMOTOR||2339||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 2335 with a stop loss of 2360 and target of 2300.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|TITAN||2420 PE||BUY||78||CMP||60||120||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|ABB.Mar 31||2166.9||0||5.85||339250||IRCTC.Mar 31||726||-9.38||62.84||14141750|
|UPL.Mar 31||716.05||0.06||1.76||26995800||IDEA.Mar 31||10.3||-7.62||2.05||8.31E+08|
|ABBOTINDIA.Mar 31||17430||0.1||0.81||34275||MCX.Mar 31||1265.8||-6.83||5.93||1626100|
|BRITANNIA.Mar 31||3370||0.21||9.57||1859800||AARTIIND.Mar 31||827||-6.44||15.18||2650300|
|CANFINHOME.Mar 31||561.85||0.26||8.55||3427125||JUBLFOOD.Mar 31||2629.2||-6.36||6.6||2736250|
|Short Covering||Long Unwinding|
|PFIZER.Mar 31||4335||0.24||-2.11||104625||NATIONALUM.Mar 31||123.1||-4.57||-1.95||87380000|
|RECLTD.Mar 31||123.75||0.61||-4.84||26436000||ONGC.Mar 31||162.7||-3.64||-6.35||27920200|
|MPHASIS.Mar 31||3182.25||0.85||-0.2||1650425||GMRINFRA.Mar 31||37.2||-3.38||-0.26||77400000|
|DRREDDY.Mar 31||3828||2.58||-0.67||3306500||NMDC.Mar 31||148.15||-3.11||-1.24||66008400|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|United Spirits Limited||825.8||-5.81||2153278||0||69.21||Niftybank||34407.8||-1.54||73758|
|Dabur India Ltd.||539.05||-4.24||2103277||0||69||Nifty it||34177.7||0.14||73758|
|Larsen & Toubro Limited||1711.75||-2.31||3906731||0||66.06||Nifty Metal||6010.15||-3.22||73758|
|Hindustan Unilever Ltd||2019.5||-3.42||6319982||0||65.91||Nifty Media||1997.1||-2.87||73758|
|Infosys Limited||1723.3||0.14||9074360||0||65.03||India Vix||27.96||-0.71||73758|
|Ultratech Cement Limited||6050.3||1.16||1336461||0||64.88||Nifty Fmcg||34627.85||-1.12||73758|
|Icici Lombard General In||1218.3||-1.79||1697979||0||64.36||Nifty Auto||9896.65||-3.55||73758|
|Itc Ltd.||225.5||2.78||66834381||0||64.07||Nifty Realty||416.45||-2.93||73758|
|Nifty Financial Services||16080.15||-1.7||73758|
UPCOMING ECONOMIC DATA
|INR: Industrial Production (YoY) (Jan) on 11th March, 2022
INR: Manufacturing Output (MoM) (Jan) on 11th March, 2022
|•USD: Trade Balance (Jan) on 8th March, 2022
•USD: Crude Oil Inventories on 9th March, 2022
- he fast-moving consumer goods category (FMCG) has recovered in just one month after the third wave of the pandemic compared to the full quarter it took to recover after the second wave in 2021 driven by strong off takes of packaged food products and commodity product (wheat flour, edible oil, grains etc…) sales that have surpassed last year sales numbers.
- India is looking for a electricity-based technology for mass rapid transportation that is cost effective and such as can be made in the country, Union minister Nitin Gadkari has said. The ministry plans to undertake the development of ropeways as an alternate transport solution in the hill and congested, urban areas.
- Even as the Centre is staring at the prospect of the public listing of Life Insurance Corporation of India (LIC) spilling over into the next financial year, the government will go ahead and file the offer documents soon after it receives the market regulator’s approval for the draft red herring prospectus (DRHP), said a senior government official.
- Oil-to-telecom conglomerate Reliance Industries on Friday announced the opening of India’s largest convention centre at Jio World Centre in Mumbai. The convention centre has three exhibition halls spanning over an area of more than 1.61 lakh square feet and two convention halls of 1.07 lakh square feet. The convention centre has “hybrid and digital experiences enabled by 5G network.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint.
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|KCLINFRA||Right Issue of Equity Shares||07-Mar-22||AKSHAR||General||09-Mar-22|
|NLCINDIA||Interim Dividend||07-Mar-22||BRANDBUCKT||Increase in Authorised Capital||09-Mar-22|
|SHREEGANES||Bonus issue||07-Mar-22||PENIND||Buy Back of Shares;General||09-Mar-22|
|SPMLINFRA||Preferential Issue of shares||07-Mar-22||TOYAMIND||General||09-Mar-22|
|SUNTV||Interim Dividend||07-Mar-22||BCLIL||Interim Dividend||10-Mar-22|
|TRADWIN||A.G.M.;Audited Results;Quarterly Results||07-Mar-22||INDINFO||General||10-Mar-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|JAYSHREETEA||07-Mar-22||E.G.M.||BCLENTERPR||10-Mar-22||Bonus issue 1:1|
|NOUVEAU||07-Mar-22||Stock Split From Rs.10/- to Rs.1/-||EIDPARRY||10-Mar-22||Interim Dividend – Rs. – 5.5000|
|DEEP||08-Mar-22||Bonus issue 3:4||MUL||10-Mar-22||Stock Split From Rs.10/- to Rs.1/-|
|VIPIND||08-Mar-22||Interim Dividend – Rs. – 2.5000||ULTRACAB||10-Mar-22||Stock Split From Rs.10/- to Rs.2/-|
|WOCKPHARMA||08-Mar-22||Right Issue of Equity Shares||ULTRACAB||10-Mar-22||Bonus issue 1:2|
|VEDL||09-Mar-22||Interim Dividend – Rs. – 13.0000||VISHAL||10-Mar-22||Bonus issue 2:1|
|7TEC||10-Mar-22||Interim Dividend – Rs. – 1.0000||SRTRANSFIN||11-Mar-22||Interim Dividend|
|BCLENTERPR||10-Mar-22||Stock Split From Rs.10/- to Rs.1/-|
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