#ChoiceBroking #Equitybazaar - Today, We may witness gap up opening in Nifty around 8684 level on back of SGX Nifty and other Asian counters which is trading on positive note today.

1. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Intraday
Today, We may witness gap up opening in Nifty around 8684 level on back of
SGX Nifty and other Asian counters which is trading on positive note today.
Nifty started the August F&O series on pessimistic note on Friday on account
of profit booking, amid disappointing stimulus from the Bank of Japan. After a
negative opening, market never looked confident of recovering and gradually
extended its losses till end to close near intraday lows, as investors opted to
remain on sidelines on concern over the crucial GST Bill. Sentiments also
remained under pressure with the Credit rating agency, ICRA stating that the
Reserve Bank of India (RBI) is unlikely to cut policy rates in its upcoming
monetary policy review on August 9, but a 0.25 per cent cut is on cards in
2016. Traders failed to take any comfort with Finance Minister Arun Jaitley’s
statement that India registered 53 per cent increase in Foreign Direct
Investment (FDI) in last two years as the investment climate brightened due
to steps taken to foster growth, price stability and fiscal prudence which also
improved the overall macroeconomic stability. Further, Investors shrugged off
India Meteorological Department’s (IMD) prediction that with reduced
chances of La Nina weather event, the monsoon rainfall this year is likely to
be normal and not ‘above normal’, even though monsoon rains in India were
4 percent below average in the last one week. On global front, Asian share
ended mostly lower on Friday. Hang Seng and Shanghai closed lower by 1.28
per cent and 0.50 per cent, respectively. While, European shares were mixed
in early trading on Friday after a spotty day in Asia as investors were
disappointed by the Bank of Japan's modest expansion of its lavish monetary
stimulus.
The top gainers in Nifty index were EICHERMOT, ADANIPORTS, ZEEL, LUPIN,
TATAPOWER. While on the other hand, top losers were
ICICIBANK,BHARTIARTL, BHEL, HDFC, BANKBARODA.
1st August,2016
SENSEX 28,052 -0.56%
NIFTY 8,639 -0.32%
SGX Nifty* 8,733 0.52%
Global Indices
Dow Jones 18,432 -0.13%
Nasdaq 5,162 0.14%
FTSE 6,724 0.05%
DAX 10,338 0.61%
Straits Times 2,893 0.83%
Nikkei 225 16,650 0.49%
Hang Seng 22,253 1.63%
Commodities
Gold 31,549 1.64%
Silver 47,480 0.25%
Natural Gas 193 -0.67%
Crude Oil 2,782 0.36%
Currency
Dollar / Rupee 67.02 -0.03%
Euro / Rupee 74.55 0.13%
Pound / Rupee 88.43 0.27%
Volumes Rs.mn
Cash BSE 36,717 -9.18
Cash NSE 232,305 -22.36
FII Activities Rs.Cr.
Purchase Sale Net
9846.52 7,777 2069.27
MF Activities Rs.Cr.
Purchase Sale Net
4199 8,723 -4524.2
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
1st August,2016
L1 L2 L3
R 8662 8686 8701
S 8623 8607 8584
21 DEMA 8495
50 DEMA 8281
100 DEMA 8001
Moving Averages
L1 L2 L3
R 19045 19136 19202
S 18887 18821 18730
21 DEMA 18604
50 DEMA 17972
100 DEMA 17035
Moving Averages
 After a consecutive highs Nifty has stalled its march and failed to form new high. Nifty opened on
positive and formed high in initial ticks and moved lower thereafter however failed to form new low.
 Nifty is hovering around its earlier shoulder pattern which is key level to watch for in coming days.
 Positive directional movement index has mild decline slope but still dominating in ADX pane, it shows
still positive trend but with moderate pace
 Going forward, Nifty seems to be in positive momentum as it has cleared its hurdle point with ease. On
higher side 8700 level can act as mild resistance point and on downside 8620 and 8580 can act as
support.
 Bank Nifty opened on flattish note but thereafter moved in sideways with negative bias and breached
its previous day low.
 Bank Nifty kept on facing stiff resistance 19100, we are seeing divergence between broader index.
 Among Bank Nifty index 5 out of 12 counter part of ended on positive side. However some of the
baking stock has witnessed cut in their size.
 Going forward Sustainability above 19100 level will lead to further upside, immediate support will be at
18700 level.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The India VIX contraction by 1.52% and reached 14.91. The Nifty
was down by 27.80 points or 0.32% to settle at 8,638.50.
From the most active contracts, State Bank of India August 2016
futures traded at a discount of 1.05 points at 229.10 compared
with spot closing of 230.15. ICICI Bank August 2016 futures
traded at a premium of 2.30 points at 264.60 compared with
spot closing of 262.30. Tata Steel of August 2016 futures traded
at a premium of 2.70 points at 357.15. Reliance Capital August
2016 futures traded at a premium of 1.75 points at 448.85.
Reliance Infrastructure August 2016 futures traded at a premium
of 5.55 points at 610.65
The Nifty PCR finally stood at 0.88 for August month contract.
The top five scrips with highest PCR on OI were EICHERMOT
(2.45), SRF (1.90), BAJFINANCE (1.42), M&M (1.36) and
MARUTI (1.12).
1st August,2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
AMARAJABAT 943.30 4.60 18.46 959.90
WOCKPHARMA 1015.80 1.75 15.72 1032.23
CONCOR 1512.30 2.28 12.77 1530.41
M&M 1477.25 1.12 12.48 1488.98
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
M&MFIN 332.50 2.81 -5.65 338.33
BEML 1016.45 0.47 -4.94 1026.74
KOTAKBANK 766.75 1.81 -4.70 772.88
ANDHRABANK 60.35 0.75 -4.19 61.21
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
LT 1551.25 -1.07 15.29 1568.10
PIDILITIND 735.55 -2.92 13.04 750.83
APOLLOTYRE 162.65 -0.40 12.59 164.16
GODREJCP 1599.6 -2.67 11.22 1624.03
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
HDFCBANK 1253.10 -0.33 -2.37 1258.70
SYNDIBANK 76.80 -0.32 -1.78 77.70
SOUTHBANK 21.40 -0.23 -1.73 21.53
WIPRO 549.25 -1.08 -1.72 552.17
SUNPHARMA COVERED CALL
Init. Date – 29.07.16 View – Bullish
Max. Profit of Rs. 23640, Approx. Loss of
Rs. 9360 at SL level of 805
Expiry Date - 25th August 2016
Future
BUY /
SELL
QTY SERIES TYPE
Market
Price
BUY 600 AUGUST Fut 842
Option
BUY /
SELL
QTY
STRIKE
PRICE
SERIES
OPTION
TYPE
Premium
SELL 600 860
AUGU
ST
CE 21.40
-40.00
-20.00
0.00
20.00
40.00
60.00
785.00 805.00 825.00 845.00 865.00 885.00

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
1st August,2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1690 1619 1590 1595 1691 1665 1639 1587 Down Sell
ADANIPORTS 233 223 216 217 231 228 223 216 Up Buy
AMBUJACEM 271 263 259 260 272 269 266 260 Down Sell
ASIANPAINT 1113 1045 1025 1030 1118 1098 1082 1047 Down Sell
AUROPHARMA 793 765 747 751 791 783 773 755 Up Buy
AXISBANK 546 577 569 570 547 542 537 528 Down Sell
BAJAJ-AUTO 2702 2763 2706 2755 2695 2667 2631 2567 Up Buy
BANKBARODA 152 167 158 159 153 150 149 145 Down Sell
BHARTIARTL 361 380 361 363 365 357 353 342 Down Sell
BHEL 146 145 139 140 147 144 143 139 Down Sell
BOSCHLTD 25078 24177 23800 24100 24990 24838 24598 24207 Up Buy
BPCL 593 563 552 554 591 585 576 562 Up Buy
CIPLA 528 517 505 507 528 520 512 497 Up Buy
COALINDIA 328 324 319 321 330 325 323 315 Down Sell
DRREDDY 2930 3610 3544 3561 2944 2911 2892 2840 Down Sell
EICHERMOT 22500 19999 19800 19907 22180 21841 21181 20182 Up Buy
GAIL 382 399 386 387 383 379 376 369 Down Sell
GRASIM 4900 4849 4772 4786 4885 4852 4805 4725 Up Buy
HCLTECH 752 725 715 724 752 746 739 727 Up Buy
HDFC 1375 1386 1338 1345 1385 1363 1350 1315 Down Sell
HDFCBANK 1249 1239 1223 1225 1245 1239 1230 1215 Up Buy
HEROMOTOCO 3200 3295 3240 3252 3206 3169 3137 3068 Down Sell
HINDALCO 133 141 136 137 134 132 130 127 Down Sell
HINDUNILVR 922 947 910 911 917 908 894 872 Up Buy
ICICIBANK 262 271 263 263 265 259 256 247 Down Sell
IDEA 105 113 103 105 105 104 103 101 Down Sell
INDUSINDBK 1173 1145 1127 1130 1175 1166 1159 1142 Down Sell
INFRATEL 396 359 351 357 397 391 387 377 Down Sell
INFY 1075 1085 1055 1081 1073 1069 1063 1052 Up Buy
ITC 253 250 248 249 254 251 249 243 Down Sell
KOTAKBANK 763 783 769 780 759 753 743 726 Up Buy
LT 1555 1604 1565 1575 1566 1539 1523 1479 Down Sell
LUPIN 1743 1690 1660 1665 1732 1715 1686 1640 Up Buy
M&M 1467 1482 1464 1468 1466 1453 1439 1412 Up Buy
MARUTI 4765 4564 4432 4456 4770 4716 4666 4563 Down Sell
NTPC 158 157 155 155 158 157 156 153 Down Sell
ONGC 221 229 217 218 221 219 217 213 Down Sell
POWERGRID 176 166 163 163 176 175 173 170 Down Sell
RELIANCE 1016 1039 1002 1003 1018 1010 1005 992 Down Sell
SBIN 230 234 228 229 230 228 226 222 Down Sell
SUNPHARMA 829 781 771 778 830 820 811 791 Down Sell
TATAMOTORS 503 505 490 491 505 499 496 486 Down Sell
TATAMTRDVR 324 322 313 313 326 320 317 308 Down Sell
TATAPOWER 72 72 70 71 72 71 70 68 Up Buy
TATASTEEL 354 379 364 365 355 351 347 339 Down Sell
TCS 2625 2469 2431 2431 2620 2604 2584 2548 Up Buy
TECHM 483 510 503 505 485 480 477 469 Down Sell
ULTRACEMCO 3722 3548 3483 3500 3710 3681 3641 3571 Up Buy
WIPRO 546 554 545 551 547 541 537 526 Down Sell
YESBANK 1217 1184 1170 1174 1221 1205 1194 1167 Down Sell
ZEEL 499 475 460 462 493 485 471 450 Up Buy

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Contact Us
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1st August,2016
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Research Associate
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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: 2016.08.01 08:59:50 +05'30'