Market Outlook – 1 February 2018

The overall trend for this market is up. Changes in the Capital gains tax, if it comes about, will not change the uptrend. This is a bull market!

daily market view

NIFTY:

Nifty  fell to 10,980 level, but managed to recover from the lows, which indicated that the decline got bought into. bulls are not losing their grip, while the bears are putting pressure at higher levels. It requires Nifty to hold above 11,111 decisively to extend its upward move towards 11,250, while a hold below 10,980 could attract selling pressure towards the 10,880 level.

On the option front, maximum Put open interest stood at 10,500 followed by 11,000 and 10,700, while maximum Call OI was at strike price 11,500 followed by 12,000 and 11,400. Fresh Call and Put writing was seen at all nearby strike prices, suggests indecisiveness as participants did not build any aggressive position on any side.

Big News Event Tomorrow – It is the Union Budget! If you watch any kind of TV news, you are likely to get a sense of ‘It is now or never’ for the union budget to be presented to the nation, tomorrow, Feb 1, Thursday. Traders should be prepared for volatility tomorrow and maybe in the next few days. If you have trading positions in futures, you may wish to change these positions into options. If you do not have a position, plan a new position after the budget.

The overall trend for this market is UP. Changes in the Capital gains tax, if it comes about, will not change the uptrend. This is a bull market!

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE
JETAIRWAYS 758.95 BUY Intermediate and Short term trends are up in JETAIRWAYS. The stock has seen a sharp correction. That correction is now finding support near 750. We may see an upside move here. Buy this stock above 760. If this trade executes then place a stop at 745 and a target at 795.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
M&M FIN FEB FUT SELL 464.25 BET(466-467) 472 455 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TV18BRDCST.18.02 Feb 62.15 4.98 5.29 80886000 HAVELLS.18.02 Feb 524.2 -5.69 58.21 6224000
PVR.18.02 Feb 1471.55 3.16 7.34 508800 KAJARIACER.18.02 Feb 631 -6.75 21.99 1628800
BALRAMCHIN.18.02 Feb 122.75 2.59 4.68 19092500 M&MFIN.18.02 Feb 464.25 -2.2 21.93 7783750
APOLLOHOSP.18.02 Feb 1165.1 2.46 16.92 725500 ARVIND.18.02 Feb 413 -3.35 18.52 6732000
ENGINERSIN.18.02 Feb 177.5 1.95 1.42 11494000 TATASTEEL.18.02 Feb 710 -2.19 17.27 20918000
                                                                           Short covering                                                                               Long Unwinding
PIDILITIND.18.02 Feb 0.6 -3.91 1476000 895.8 BEL.18.02 Feb 168.3 -5.05 -0.97 27759600
INDUSINDBK.18.02 Feb 1.35 -3.87 6746400 1747.6 JUBLFOOD.18.02 Feb 2047.1 -4.79 -4.34 2468500
TORNTPOWER.18.02 Feb 0.36 -3.37 4554000 281.95 GODFRYPHLP.18.02 Feb 927.1 -3.94 -0.82 844000
KOTAKBANK.18.02 Feb 1.77 -2.65 11560000 1112.5 KPIT.18.02 Feb 213 -3.36 -2.77 15174000
OFSS.18.02 Feb 1.21 -2.14 130200 4195 WOCKPHARMA.18. 801 -3.24 -8.96 3656700

Top Delivery Percentage

Stocks Price %Chg Vol Delivery Del % % Change
Sectors Price Change % Quantity
DALMIA BHARAT LIMITED 2935.25 -0.2 173458 0 83.73 Nifty 50 11027.7 -0.2 76164
MAX FINANCIAL SERVICES L 534.25 1.23 643910 0 82.94 Nifty Bank 27379.45 0.4 76164
Shree Cements Ltd. 17206.3 -0.69 17036 0 82.4 Nifty IT 12986.4 -0.93 76164
NTPC Limited 170.25 -0.03 6517115 0 80.85 INDIA VIX 15.93 -2.98 76164
Power Grid Corporation o 193.8 -0.59 8084501 0 79.06 Nifty FMCG 27127.3 -1.4 76164
Kotak Mahindra Bank Limi 1108.95 1.92 3143011 0 79.05 Nifty Pharma 9384.75 -1.87 76164
Eicher Motors Ltd 26923.6 0.88 137766 0 77.18 Nifty Realty 344.7 -0.03 76164
ITC Ltd. 271.4 -1.38 18943945 0 75.94 Nifty Infrastructure 3619.5 -0.45 76164
Hindustan Unilever Ltd 1369.35 -2.21 1491912 0 73.9 Nifty PSU Bank 3681.75 -0.56 76164
Hero MotoCorp Limited 3691.45 0.1 558327 0 72.66 Nifty Auto 11611.9 -0.14 76164

Upcoming Economic Data

International
•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

 

News Updates

•Amit Kumat, MD and CEO, Prataap Snacks, he said the company grew by 16% in H1 and expect to achieve similar growth in H2. He said they are looking at the margin between 8% and 10% going forward. On new launch, he said they have just launched Yum Pie two months back. The initial response was very good and they are looking for a revenue growth of around Rs 40 crore from Yum Pie.He mentioned that they will increase the capacity of namkeen and extruded snacks and it will be around Rs 150 crore over the next two years.

•Malo Le Masson, Head of Global Product Planning and Markus Braunsperger, Chief Technology Officer, Hero MotoCorp, they mentioned that they are set to re-enter the premium motorcycle segment. The auto major has unveiled a new 200 cc motorbike the Xtreme 200R which will take on Bajaj Pulsar 180 and KTM Duke 200. The new offering is expected to hit the markets in the next few months. The company will go about breaking the stranglehold of Bajaj and Royal Enfield in the premium segment.

•Nikhil Nanda, MD, JHS Svengaard Laboratorie, he said the company makes a range of oral and dental products and the order book of most of their customers are looking good. He mentioned in Q4 they will have the launches of their own brand with all the characters like Chhota Bheem, Pokemon, that they have leased out recently from the various brand owners. With the enhanced capacities, they will continue with their growth numbers and they can easily look at more than 25% growth on topline and bottomline. Going forward, they can increase their own brand share to about 20%.

Source: Economics Times

 

Board Meetings

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
HINDALCO Results 2-Feb-18 AUROPHARMA Results 7-Feb-18
BAJAJ-AUTO Results 2-Feb-18 M&M Results 9-Feb-18
BOSCHLTD Results 5-Feb-18 TATASTEEL Results 9-Feb-18
TATAMOTORS Results 5-Feb-18 SBIN Results 9-Feb-18
HEROMOTOCO Results 6-Feb-18 HINDPETRO Results 9-Feb-18
LUPIN Results 6-Feb-18 ONGC Results/Dividend 9-Feb-18
CIPLA Results 7-Feb-18 GAIL Results 12-Feb-18
EICHERMOT Results 7-Feb-18 SUNPHARMA Results 14-Feb-18
BOSCHLTD Results 5-Feb-18 SUNPHARMA Results 14-Feb-18

 

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
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
KIRLOSENG 01-Feb-18 Interim Dividend – Rs. – 2.5000 TRIDENT 05-Feb-18 Interim Dividend – Rs. – 0.6000
RML 01-Feb-18 Interim Dividend – Rs. – 4.5000 CONCOR 06-Feb-18 Interim Dividend – Rs. – 9.6000
SUNDARMFIN 01-Feb-18 Spin Off GODREJCP 06-Feb-18 Interim Dividend – Rs. – 1.0000
SYMPHONY 01-Feb-18 Interim Dividend – Rs. – 1.0000 VIPIND 06-Feb-18 Interim Dividend – Rs. – 1.0000
ECLERX 02-Feb-18 Buy Back of Shares RBL 07-Feb-18 Interim Dividend – Rs. – 6.5000
EDELWEISS 02-Feb-18 Interim Dividend – Rs. – 1.0500 SIS 07-Feb-18 Interim Dividend – Rs. – 2.0000

DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014

Elite Wealth Advisors Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Advisors Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as read more


For Daily Share Market Updates, Market Research Analysis reports, Weekly Techno-Funda Report, Fundamental Analysis Report, Monthly Recommended stock Picks, Equity Trading Tips, Upcoming IPO/NFO/Bonds/Ncd’s  updates & other related information Subscribe our research plan http://research.elitewealth.in

The overall trend for this market is up.Elite WealthMorning OutlookTrader ResearchMarket Outlook – 1 February 2018 The overall trend for this market is up. Changes in the Capital gains tax, if it comes about, will not change the uptrend. This is a bull market! NIFTY: Nifty  fell to 10,980 level, but managed to recover from the lows, which indicated that the decline...Research Elite wealth Blog