#ChoiceBroking #Equitybazaar

1. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Intraday
Today, We may witness mild negative opening in Nifty around 8282 level on
back of SGX Nifty and other Asian counters which is trading on positive note
today.
Nifty ended higher over a percent on Thursday on account of firm global cues
as Brexit fears are slowly subsiding. Investors’ sentiment got some boost after
the government cleared the recommendations of the 7th Pay Commission
according to which the overall hike in salary and allowance of central
government employees and pensioners comes to 23.5%. Sentiment remained
upbeat with Parliamentary Affairs Minister Venkaiah Naidu’s statement that
the government will seek to ensure that Goods and Services Tax (GST) Bill will
be passed in the upcoming session of Parliament, scheduled from July 18 to
August 12. Market participants also cheered Finance Minister Arun Jaitley’s
statement that the Non Performing Assets (NPA) situation is under control as
the economic conditions are showing signs of improvement. Moreover, some
support also came with the Indian Meteorological Department (IMD) report
that monsoon rainfall remains strong & will retain its momentum in the days
ahead. It is likely to cover Delhi, Punjab, Haryana and Rajasthan in the next
three days. On the global front, Asian markets ended mostly higher, tracking
an overnight rally on Wall Street, while the safe-haven Japanese yen was held
in check as global markets regained a semblance of calm after the Brexit
shock. Following above tandem, European markets climbed on Thursday, with
France’s CAC was up by 0.72%, UK’s FTSE 100 was up by 0.46% and
Germany’s DAX was up by 0.27%.
The top gainers in Nifty index were BHEL, GRASIM, DRREDDY, AXISBANK,
TATASTEEL .While on the other hand, top losers were SUNPHARMA, INFY,
BOSCHLTD, CIPLA, GAIL.
1st July,2016
SENSEX 27,000 0.96%
NIFTY 8,288 1.01%
SGX Nifty* 8,328 -0.09%
Global Indices
Dow Jones 17,930 1.31%
Nasdaq 4,843 1.31%
FTSE 6,504 2.22%
DAX 9,680 0.70%
Straits Times 2,838 -0.11%
Nikkei 225 15,680 0.66%
Hang Seng 20,794 1.72%
Commodities
Gold 31,199 -0.37%
Silver 43,467 0.61%
Natural Gas 197 1.98%
Crude Oil 3,304 -0.97%
Currency
Dollar / Rupee 67.52 -0.24%
Euro / Rupee 74.93 -0.03%
Pound / Rupee 90.03 0.23%
Volumes Rs.mn
Cash BSE 31,090 15.17
Cash NSE 266,256 52.06
FII Activities Rs.Cr.
Purchase Sale Net
4437.12 3,618 818.78
MF Activities Rs.Cr.
Purchase Sale Net
13326 11,230 2096
Indian Markets
*Sources- Bloomberg, Moneycontrol, Zeebusiness, livemint

2. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Outlook
Bank Nifty Outlook
 Bank Nifty opened on positive note and closed at 17935 with gain of 1.39%. Index has wiped out all
concern which was raised due to BREXIT fear.
 Bank Nifty continued to gain its ground, it had taken support at 17000 level which is previous top area
and 23.6% retracement level of previous rise. Post BREXIS index continued to rise in stair step move.
 Among Bank Nifty index all banking stock ended on positive note, private sector banks seems to be in
action.
 Going forward, sustainability above 18000 will be major development on chart and it will lead further
round of profit booking.
1st July,2016
 Nifty took lead from previous trading session and opened on gap up note. Thereafter it continued to
move higher and settled near to day high.
 Nifty closed at 8287 level with gain of 83 points or 1.02%. From candlestick perspective Nifty has
formed bull candle.
 Nifty has approached to 8300 level which is confluence by various technical barrier, here real test for
bull will come.
 Going forward, Nifty has tested level of 8300 level, fresh buying will emerge if nifty give close above
8330 level.
L1 L2 L3
R 8317 8345 8383
S 8251 8213 8184
21 DEMA 8192
50 DEMA 8016
100 DEMA 7734
Moving Averages
L1 L2 L3
R 17137 18081 18188
S 17829 17723 17650
21 DEMA 17717
50 DEMA 17181
100 DEMA 16177
Moving Averages

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The VIX decreased by 0.83% and reached 16.29. The Nifty was up
by 83.75 points or 1.02% to settle at 8,287.75.
Nifty July 2016 futures closed at 8321.05 on Thursday at a
premium of 33.30 points. Nifty July futures saw addition of 6.93
million units, taking the total outstanding open interest (OI) to
18.42 million units. Among Nifty calls, 8300 SP from the June
month expiry was the most active call with an addition of 2.06
million open interests. Among Nifty puts, 8200 SP from the June
month expiry was the most active put with an addition of 3.07
million open interests. The maximum OI outstanding for Calls was
at 8300 SP 10.18 mn and that for Puts was at 8200 SP 6.93 mn.
The respective Support and Resistance levels of Nifty are:
Resistance 8316.57 --- Pivot Point 8279.33 --- Support --- 8250.52.
From the most active contracts, SBI July 2016 futures traded at a
discount of 0.05 points at 219.25. HDFC Bank July 2016 futures
traded at a premium of 11.10 points at 1184.70. Reliance
Industries July 2016 futures traded at a premium of 7.65 points at
976.65. Sun Pharmaceuticals Industries July 2016 futures traded at
a premium of 4.75 points at 769.25.
The Nifty PCR finally stood at 1.52 for June month contract. The
top five scrips with highest PCR on OI were SOUTHBANK (16.22),
INDUSINDBK (2.03), BOSCHLTD (2.00), UCOBANK (1.99) and
DRREDDY (1.86).
1st July,2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
HDIL 104.10 4.68 61.33 105.40
RCOM 51.40 5.65 50.24 52.43
OFSS 3483.30 1.06 48.76 3500.66
PCJEWELLER 383.8 2.99 48.39 390.94
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
GODREJIND 400.40 -2.25 43.06 406.21
CEATLTD 846.10 -0.35 40.93 861.59
IDFC 48.00 -0.83 38.70 48.63
ADANIPOWER 30.3 -0.82 36.09 30.66
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
Init. Date – 28.06.16 View – Bullish
Max. Profit of Rs. 197.85 (Rs.14838), Approx. Loss
of Rs. 52.15 (Rs. 3911.25 ) at SL level of 7850
Expiry Date - 28th July 2016
Future
BUY /
SELL
QTY SERIES TYPE
Market
Price
Buy 75 July Fut 8135
Option
BUY /
SELL
QTY
STRIKE
PRICE
SERIES
OPTION
TYPE
Premium
Sell 75 8300 July CE 89.60
Buy 75 8100 July PE 125.15
Sell 75 7900 July PE 68.40
-400.00
-200.00
0.00
200.00
400.00
7650.00 7950.00 8250.00 8550.00
NIFTY RATIO SPREAD

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
1st July,2016
ACC 1624 1674 1644 1634 1615 1604 1585 1555 Up Buy
ADANIPORTS 207 215 210 209 206 204 202 198 Up Buy
AMBUJACEM 256 265 260 258 255 253 250 245 Up Buy
ASIANPAINT 998 1027 1014 1006 1001 993 988 975 Down Sell
AUROPHARMA 742 761 752 747 743 738 734 725 Down Sell
AXISBANK 534 558 544 539 530 525 516 501 Up Buy
BAJAJ-AUTO 2699 2775 2730 2714 2685 2669 2640 2595 Up Buy
BANKBARODA 154 159 157 155 154 153 152 150 Down Sell
BHARTIARTL 364 392 378 371 363 356 349 334 Up Buy
BHEL 128 137 132 130 127 125 122 117 Up Buy
BOSCHLTD 22600 23985 23353 22977 22721 22345 22090 21458 Down Sell
BPCL 1077 1122 1096 1086 1069 1059 1042 1015 Up Buy
CIPLA 501 517 510 505 502 498 495 488 Down Sell
COALINDIA 313 319 316 315 313 312 310 307 Up Buy
DRREDDY 3385 3519 3442 3413 3365 3336 3288 3211 Up Buy
EICHERMOT 19151 19545 19371 19261 19197 19087 19023 18849 Down Sell
GAIL 385 402 394 389 386 381 377 369 Down Sell
GRASIM 4640 5050 4827 4734 4604 4511 4381 4159 Up Buy
HCLTECH 730 749 740 735 731 726 721 712 Down Sell
HDFC 1253 1300 1277 1265 1254 1242 1231 1208 Down Sell
HDFCBANK 1174 1208 1190 1182 1172 1164 1154 1136 Up Buy
HEROMOTOCO 3156 3346 3260 3208 3174 3122 3088 3002 Down Sell
HINDALCO 123 127 125 124 123 122 120 118 Up Buy
HINDUNILVR 898 922 909 904 897 891 885 872 Up Buy
ICICIBANK 240 248 244 242 241 239 237 234 Down Sell
IDEA 107 112 110 108 107 105 104 101 Down Sell
INDUSINDBK 1110 1143 1126 1118 1110 1102 1093 1076 Up Buy
INFRATEL 346 359 352 349 345 342 338 331 Up Buy
INFY 1172 1208 1191 1182 1175 1165 1158 1142 Down Sell
ITC 369 380 375 372 369 366 363 358 Up Buy
KOTAKBANK 761 785 773 767 761 755 748 736 Up Buy
LT 1498 1536 1516 1507 1496 1487 1476 1456 Up Buy
LUPIN 1545 1588 1566 1555 1544 1533 1522 1500 Up Buy
M&M 1428 1470 1448 1438 1427 1417 1405 1384 Up Buy
MARUTI 4200 4291 4236 4218 4182 4164 4127 4073 Up Buy
NTPC 156 164 160 158 155 153 150 146 Up Buy
ONGC 216 226 221 219 217 214 212 208 Down Sell
POWERGRID 163 171 167 165 162 160 158 153 Up Buy
RELIANCE 969 992 982 975 971 965 961 950 Down Sell
SBIN 219 228 224 222 220 218 216 212 Down Sell
SUNPHARMA 765 799 783 774 767 758 752 736 Down Sell
TATAMOTORS 459 479 468 463 457 453 447 436 Up Buy
TATAMTRDVR 293 303 298 295 292 290 287 281 Up Buy
TATAPOWER 74 75 74 74 73 73 72 71 Up Buy
TATASTEEL 323 339 330 326 321 317 312 303 Up Buy
TCS 2548 2662 2600 2574 2537 2511 2475 2412 Up Buy
TECHM 509 522 514 511 507 504 500 492 Up Buy
ULTRACEMCO 3411 3467 3437 3424 3407 3394 3377 3347 Up Buy
WIPRO 560 573 566 563 559 556 552 545 Up Buy
YESBANK 1102 1167 1131 1117 1096 1081 1060 1025 Up Buy
ZEEL 456 488 471 463 454 446 437 419 Up Buy
NIFTY 421 455 435 428 416 408 396 376

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Contact Us
www.choiceindia.com
Kunal Parmar
Research Associate
kunal.parmar@choiceindia.com
Vikas Chaudhari
Research Associate
vikas.chaudhari@choiceindia.com
www.choiceindia.comcustomercare@choiceindia.com
Disclaimer
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information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast
future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations
issued by Choice Broking in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on
information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or warranty and accepts no responsibility
or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without
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purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may
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strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current
performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee
against the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock /
Instrument (s): - No.
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
1st July,2016
Kapil Shah
Research Associate
kapil.shah@choiceindia.com
Kapil Shah
Digitally signed by Kapil Shah
DN: cn=Kapil Shah, o=Choice Equity Pvt Ltd,
ou=Research Team,
email=kapil.shah@choiceindia.com, c=US
Date: 2016.07.01 08:58:36 +05'30'