The index is likely to remain choppy until budget announcements.
Market Outlook – 31 January 2018
The index is likely to remain choppy until budget announcements. Next move in market will depend on reaction to the budget.
NIFTY opened at 11120.85 with a minor gap down of just 10 points. The index made its intraday high at 11121.10 and started moving down. Prices have made its intraday low near 11033.90 and finally closed at 11049.65 with a loss of 80 points. Today all the sectoral indices closed in loss led by REALTY and FINANCIAL. Within the NIFTY 50, HINDPETRO and IOC were the biggest gainers. KOTAKBANK and EICHERMOT were the biggest losers.
UNION BUDGET – A BIG NEWS EVENT: Markets are always uncertain. Traders have to take trades within this uncertainty. Now, this is the normal state of affairs. Add some more uncertainty and volatility due to a big news event and you have a completely unpredictable situation. High risk and unknown reward! HOW TO APPROACH THE BUDGET DAY: This one is easy. We never trade or keep positions in big news events. Step aside during the budget. Do not keep any position
NIFTY VIEW: The index takes some rest after a stunning rally of more than 1100 points in last two months. Last four days of price action is around 11050 – 11080 and very choppy. The index is likely to remain choppy until budget announcements. Next move in market will depend on reaction to the budget.
|LICHSGFIN||540.35||SELL||Intermediate and Short term trends are down in LISHSGFIN. The stock has seen a decline and then started trading inside a range. Prices have seen a breakdown and closed lower. Sell this stock below 540. If this trade executes then place a stop at 546 and a target at 528.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|HAVELLS||FEB FUT||SELL||555||BET(562-563)||570||542||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|RCOM.18.02 Feb||30.35||11.17||26.35||93436000||WOCKPHARMA.18.02 Feb||831||-8.79||20.09||4202100|
|BALKRISIND.18.02 Feb||1161.4||4.58||3.37||1446400||JUSTDIAL.18.02 Feb||519.9||-7.75||17.24||3361400|
|KPIT.18.02 Feb||219.4||4.53||10.42||15826500||PCJEWELLER.18.02 Feb||526.3||-7.14||6.53||17205000|
|HEXAWARE.18.02 Feb||383.4||2.38||0.27||4392000||SRTRANSFIN.18.02 Feb||1379||-4.18||6.31||1990800|
|BIOCON.18.02 Feb||630.5||2.33||3.08||8019000||HAVELLS.18.02 Feb||555.05||-4.1||9.47||3976000|
|Short covering||Long Unwinding|
|HINDPETRO.18.02 Feb||3.24||-1.31||26619075||389||CHOLAFIN.18.02 Feb||1284.5||-2.4||-1.69||1105500|
|IDFC.18.02 Feb||2.06||-0.55||1.98E+08||56.95||KOTAKBANK.18.02 Feb||1091.65||-1.91||-1.49||12036000|
|CUMMINSIND.18.02 Feb||1.32||-3.55||554400||908.25||TORNTPHARM.18.02 Feb||1352.2||-1.75||-2.34||375000|
|MARICO.18.02 Feb||1.24||-1.84||5132400||314.2||SREINFRA.18.02 Feb||96.6||-1.73||-0.75||19875000|
|JPASSOCIAT.18.02 Feb||0.98||-1.94||2.35E+08||20.55||HDFC.18.02 Feb||1943.15||-1.41||-0.28||18916500|
Top Delivery Percentage
|Stocks||Price||%Chg||Vol||Delivery||Del %||% Change|
|NTPC Limited||170.3||-0.44||7670738||0||88||Nifty 50||11049.65||-0.73||79170|
|DALMIA BHARAT LIMITED||2941.2||-1.52||150858||0||84.77||Nifty Bank||27269.05||-0.83||79170|
|ASIAN PAINTS LIMITED||1126.7||-2.2||1404578||0||82.3||Nifty IT||13107.95||-1.02||79170|
|Godrej Cons Products Ltd||1057.7||-0.22||273474||0||81.93||INDIA VIX||16.41||-8.24||79170|
|Power Grid Corporation o||194.95||0.41||12839776||0||79.4||Nifty Energy||14368.55||-0.09||79170|
|Hindustan Unilever Ltd||1400.25||0.21||1310365||0||76.18||Nifty Pharma||9563.55||-0.61||79170|
|Hindustan Petroleum Corp||393||4.76||8974769||0||74.38||Nifty Realty||344.8||-1.08||79170|
|BHARTI INFRATEL LIMITED||344.45||-2.53||3724844||0||72.36||Nifty Infrastructure||3635.85||-0.36||79170|
|Hero MotoCorp Limited||3687.85||1.27||540432||0||72.19||Nifty PSU Bank||3702.6||-0.06||79170|
|HCL Technologies Ltd.||1000.4||-1.15||1355676||0||71.13||Nifty Auto||11627.9||-0.43||79170|
Upcoming Economic Data
|•Interest rate decision on 7th February 2018
•CPI (YoY) (Jan) on 12th February 2018
•WPI Inflation (YoY) (Jan) on 14th February 2018
|•Manufacturing PMI (Jan) on 1st February 2018
•Initial Jobless Claim on 1st February 2018
•Service PMI (Jan) on 5th February 2018
|•Maruti Suzuki will start making its first affordable electric vehicle (EV) by 2020 based on technology from parent Suzuki Motor, ahead of products developed in partnership with Toyota. The company and its parent are focusing on in-house capabilities but are also looking for partners to put in place the ecosystem for electric vehicles, Maruti Suzuki managing director Kenichi Ayukawa told ET in an interview. The Japanese carmaker will not rely solely on its partner Toyota expertise to build EVS from the ground up.
•Homegrown auto major Tata Motors will showcase an extended range of six electric vehicles, in personal and mass mobility segments in the upcoming Auto Expo. The company has already announced that it will present 26 smart mobility solutions across its passenger and commercial vehicles at the expo to be held from February 9-14. These six electric vehicles will be among those exhibits.
•Adani Power has sought approval from the commerce ministry for setting up of a special economic zone for the power sector in Jharkhand, entailing investment of Rs 15,002 crore. The application will be considered by the Board of Approval, the highest decision making body of the SEZs, in its meeting on February 5. The inter-ministerial board is headed by the commerce secretary.
Source: Economics Times
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|JMFINANCIL||31-Jan-18||Interim Dividend – Rs. – 0.7000||KIRLOSENG||01-Feb-18||Interim Dividend – Rs. – 2.5000|
|PEL||31-Jan-18||Right Issue of Equity Shares||RML||01-Feb-18||Interim Dividend – Rs. – 4.5000|
|REGTRUS||31-Jan-18||Reduction of Capital||SUNDARMFIN||01-Feb-18||Spin Off|
|RNAM||31-Jan-18||Interim Dividend – Rs. – 5.0000||SYMPHONY||01-Feb-18||Interim Dividend – Rs. – 1.0000|
|TATASTEEL||31-Jan-18||Right Issue of Equity Shares||ECLERX||02-Feb-18||Buy Back of Shares|
|WIPRO||31-Jan-18||Interim Dividend – Rs. – 1.0000||EDELWEISS||02-Feb-18||Interim Dividend – Rs. – 1.0500|
|BVL||01-Feb-18||Spin Off||PERSISTENT||02-Feb-18||Interim Dividend – Rs. – 7.0000|
|IBULHSGFIN||01-Feb-18||Interim Dividend – Rs. – 14.0000||HYDIND||05-Feb-18||Interim Dividend – Rs. – 10.0000|
|IRBINVIT||01-Feb-18||Income Distribution (InvIT)||MOTILALOFS||05-Feb-18||Interim Dividend – Rs. – 4.0000|
DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014
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http://research.elitewealth.in/the-index-is-likely-to-remain-choppy-until-budget-announcements/The index is likely to remain choppy until budget announcements.Morning OutlookTrader ResearchMarket Outlook – 31 January 2018 The index is likely to remain choppy until budget announcements. Next move in market will depend on reaction to the budget. NIFTY: NIFTY opened at 11120.85 with a minor gap down of just 10 points. The index made its intraday high at 11121.10 and started moving...Elite WealthElite Wealthmarcom@elitestock.comAdministratorElite Wealth Advisors Ltd.