1. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Intraday
Today, We may witness mild positive opening in Nifty around 8590 level
on back of SGX Nifty and other Asian counters which is trading on
positive note today.
During the last trading session Nifty ended the session in red on
Tuesday after the Economic Survey projected a lower growth of
6.5% for 2016-17. It also outlines three main downside risks to FY18
GDP growth forecast adding that demonetization, rise in oil prices
and global trade tensions will affect the growth forecast. Investors
remained nervous with the CII-IBA Financial Conditions Index for the
fourth quarter of this fiscal (FY17) fell below the 50 mark owing to
banks and financial institutions expecting the overall financial
conditions in the economy to deteriorate on account of worsening
of external financial linkages and domestic economic activity. Steep
fall in IT index also contributed to the losses after Donald Trump
government introduced a bill in the US Congress that attempts to
reform the H1-B visa process.
Traders were seen piling up their positions in IT, Pharma and PSU
stocks, while buying was witnessed only in FMCG stocks. The top
gainers from the F&O segment were Idea Cellular, Jaiprakash
Associates and IFCI. On the other hand, the top losers were Bharti
Infratel, Cadila Healthcare and Grasim Industries.
SENSEX 27,655 -0.70%
NIFTY 8,561 -0.83%
SGX Nifty* 8,605 0.34%
Global Indices
Dow Jones 19,890 -0.40%
Nasdaq 5,614 0.02%
FTSE 7,099 -0.27%
DAX 11,535 -1.27%
Straits Times 3,046 -0.01%
Nikkei 225 19,040 0.00%
Hang Seng 23,141 -0.94%
Commodities
Gold 28,942 1.44%
Silver 41,911 1.29%
Natural Gas 212 -3.30%
Crude Oil 3,614 0.91%
Currency
Dollar / Rupee 67.87 -0.12%
Euro / Rupee 72.86 0.00%
Pound / Rupee 84.86 -0.02%
Volumes Rs.mn
Cash BSE 32,049 19.37
Cash NSE 279,366 40.10
FII Activities Rs.Cr.
Purchase Sale Net
3877.13 2,861 1016.01
MF Activities Rs.Cr.
Purchase Sale Net
8149.8 6,908 1242.3
Indian Markets
*Sources- Bloomberg, Moneycontrol, Zeebusiness, livemint
1st
Feb-17
2. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Outlook
Bank Nifty Outlook
After 4 days of strong upside move Nifty upside movement has halted at 8700 level and mild selling
has observed.
From candlestick perspective Nifty has formed bear candle at 8700 level which is acting as supply
zone in recent scenario.
Momentum oscillator RSI has tested its overbought zone and reverted from that region and as on
now it has moved below its average line.
Going forward further upside resistance can be at 8700 level and on lower side support lies at 8500
level.
After a continuous out performance of Bank Nifty, index seems to taking breath in previous two trading
session.
Index has formed doji candle pattern which is indecisiveness sign, however we require confirmation
sign.
Momentum oscillator RSI has tested its overbought zone and reverting from there which is sign of
caution.
Going forward resistance for Bank Nifty will be at 19900 level and support at 19250 level.
21 DEMA 8386
100 DEMA 8341
250 DEMA 8252
Moving Averages
L1 L2 L3
R 8609 8658 8686
S 8532 8504 8455
L1 L2 L3
R 19613 19711 19800
S 19426 19337 19239
21 DEMA 18957
100 DEMA 18727
250 DEMA 18239
Moving Averages
1st
Feb-17
3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1415 1476 1447 1431 1419 1402 1390 1361 Down Sell
ADANIPORTS 294 324 311 302 297 289 284 270 Down Sell
AMBUJACEM 228 238 233 231 228 226 223 218 Down Sell
ASIANPAINT 970 998 984 977 971 964 957 944 Down Sell
AUROPHARMA 682 729 708 695 687 674 666 645 Down Sell
AXISBANK 466 483 475 471 467 463 460 452 Down Sell
BAJAJ-AUTO 2838 3108 2979 2908 2849 2779 2719 2589 Down Sell
BANKBARODA 165 175 171 168 166 164 162 157 Down Sell
BHARTIARTL 349 368 358 353 348 343 338 328 Up Buy
BHEL 137 148 143 140 138 135 133 128 Down Sell
BOSCHLTD 22100 23188 22713 22406 22238 21932 21764 21289 Down Sell
BPCL 682 745 716 699 688 671 660 631 Down Sell
CIPLA 574 597 587 581 577 570 566 556 Down Sell
COALINDIA 309 332 320 315 309 303 297 286 Up Buy
DRREDDY 3014 3082 3053 3033 3023 3003 2993 2963 Down Sell
EICHERMOT 23060 24935 23944 23502 22954 22511 21963 20972 Up Buy
GAIL 467 504 488 477 471 461 455 438 Down Sell
GRASIM 910 1050 989 949 928 889 867 807 Down Sell
HCLTECH 805 910 860 832 810 782 760 709 Down Sell
HDFC 1365 1439 1404 1384 1369 1349 1334 1298 Down Sell
HDFCBANK 1284 1316 1300 1292 1285 1276 1269 1253 Down Sell
HEROMOTOCO 3171 3317 3248 3210 3180 3141 3112 3043 Down Sell
HINDALCO 190 199 195 192 191 188 187 183 Down Sell
HINDUNILVR 854 879 868 861 856 849 844 833 Down Sell
ICICIBANK 268 285 277 273 270 265 262 254 Down Sell
IDEA 110 151 130 120 109 99 88 67 Up Buy
INDUSINDBK 1251 1284 1266 1258 1247 1240 1229 1211 Up Buy
INFRATEL 293 404 353 323 303 273 253 202 Down Sell
INFY 929 999 962 946 925 909 888 851 Up Buy
ITC 258 268 263 261 258 255 252 247 Up Buy
KOTAKBANK 776 807 790 783 773 766 756 738 Up Buy
LT 1440 1497 1469 1454 1441 1426 1413 1385 Down Sell
LUPIN 1472 1570 1527 1499 1483 1456 1439 1395 Down Sell
M&M 1243 1277 1259 1251 1240 1232 1222 1204 Up Buy
MARUTI 5900 6022 5963 5931 5903 5872 5844 5785 Down Sell
NTPC 173 186 180 176 174 170 168 162 Down Sell
ONGC 202 226 216 209 205 198 194 183 Down Sell
POWERGRID 207 217 212 209 207 205 202 197 Up Buy
RELIANCE 1045 1073 1060 1052 1046 1039 1033 1019 Down Sell
SBIN 260 270 265 263 261 258 257 253 Down Sell
SUNPHARMA 631 675 656 643 637 624 618 599 Down Sell
TATAMOTORS 522 551 537 530 524 516 510 497 Down Sell
TATAMTRDVR 332 353 343 338 334 328 324 314 Down Sell
TATAPOWER 80 87 84 82 81 78 77 74 Down Sell
TATASTEEL 464 488 476 470 465 459 454 442 Down Sell
TCS 2232 2519 2387 2309 2255 2177 2123 1991 Down Sell
TECHM 454 573 514 484 455 425 396 336 Down Sell
ULTRACEMCO 3685 3836 3766 3725 3696 3655 3626 3556 Down Sell
WIPRO 460 498 478 469 457 449 437 416 Up Buy
YESBANK 1397 1431 1412 1404 1393 1385 1374 1355 Up Buy
ZEEL 491 509 500 495 491 487 483 474 Down Sell
1st
Feb-17
4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
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Feb-17
Kapil Shah
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DN: cn=Kapil Shah, o=Choice Equity Pvt Ltd,
ou=Research Team,
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Date: 2017.02.01 09:12:50 +05'30'
