#ChoiceBroking #Equitybazaar - Today, We may witness mild negative opening in Nifty around 8625 level on back of SGX Nifty and other Asian counters which is trading on negative note today.

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 8625 level on
back of SGX Nifty and other Asian counters which is trading on negative note
today.
Nifty ended on quiet note on Monday. Profit booking which took place in
second half of session mainly dragged the market near its neutral lines.
Earlier, market made a gap-up opening and traded jubilantly in morning deals,
as sentiments got some boost with the survey of industry body Assocham
stating that India Inc expects growth in sales and profitability to pick up by the
year-end in sync with an uptick in the big macro picture. Some support also
came with the manufacturing sector growth continued its uptrend and hit a
four-month high in July, backed by stronger upturn in new business orders.
The seasonally adjusted Nikkei India Manufacturing Purchasing Managers'
Index (PMI) rose to 51.8 in July from 51.7 in June. However, market entered
into negative terrain on account of selling in banking space led by over 5% fall
in ICICI Bank amid weak June quarter results. ICICI Bank reported a 22 percent
year-on-year (YoY) fall in its consolidated net profit at Rs 2515.85 crore in the
June quarter, compared with Rs 3232.37 crore in the same period a year ago.
Finally, Nifty ended tad below its previous close. On global front, Asian
markets managed to close mostly in green on expectations that the US Fed
won’t hike rates after second quarter US GDP data came in lower-than-
expected, while, European stocks edged lower in early trade, as investors
reacted to European banking stress tests and new Chinese data.
The top gainers in Nifty index were HCLTECH, TCS, TATASTEEL, HINDALCO,
GRASIM. While on the other hand, top losers were ICICIBANK, LT, BHEL,
BANKBARODA, ADANIPORTS.
2nd August,2016
SENSEX 28,003 -0.17%
NIFTY 8,637 -0.02%
SGX Nifty* 8,676 -0.14%
Global Indices
Dow Jones 18,405 -0.15%
Nasdaq 5,184 0.43%
FTSE 6,694 -0.46%
DAX 10,331 -0.07%
Straits Times 2,870 -0.80%
Nikkei 225 16,522 -0.69%
Hang Seng 22,129 1.07%
Commodities
Gold 31,534 -0.05%
Silver 47,717 0.50%
Natural Gas 187 -3.27%
Crude Oil 2,681 -3.77%
Currency
Dollar / Rupee 66.74 -0.40%
Euro / Rupee 74.57 0.11%
Pound / Rupee 88.05 0.12%
Volumes Rs.mn
Cash BSE 40,866 11.30
Cash NSE 242,701 4.48
FII Activities Rs.Cr.
Purchase Sale Net
7249.08 7,457 -208.27
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
2nd August,2016
L1 L2 L3
R 8702 8767 8823
S 8581 8525 8460
21 DEMA 8512
50 DEMA 8299
100 DEMA 8012
Moving Averages
L1 L2 L3
R 19001 19262 19445
S 18557 18374 18113
21 DEMA 18642
50 DEMA 18017
100 DEMA 17071
Moving Averages
 Nifty opened on positive note following the global cues, It has stretched its momentum in initial hour
and claimed for 8700 mark and formed 52 week high but it was short lived moment and in later part of
the day Nifty slipped into negative territory.
 As of now Nifty is hovering around its earlier shoulder pattern which is key level to watch for in coming
days. Nifty has formed long leg doji candle which shows tie between bulls and bears. Either side of
break out will dictate further trend.
 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 far as 8580 to 8540 level remain protected.
On higher side immediate resistance will be 8750 and 8800 level.
 Bank Nifty opened on positive note but not able to sustain at higher level and slipped into negative
territory in later part of the day.
 Bank Nifty kept on facing stiff resistance 19100, we are seeing divergence between broader index.
Lagging performance of leading private bank has been putting weight on upside movement.
 Among Bank Nifty index 8 out of 12 counter part of ended on negative side. However some of the
public banking stock has witnessed cut in their size.
 Going forward Sustainability above 19100 level will lead to further upside, immediate support will be at
18550 level.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The India VIX addition by 1.76% and reached 15.18. The Nifty was
down by 1.95 points or 0.02% to settle at 8,636.55.
From the most active contracts, Ashok Leyland August 2016
futures traded at a premium of 0.35 points at 91.85 compared
with spot closing of 91.50. State Bank of India August 2016
futures traded at a discount of 1.20 points at 226.55 compared
with spot closing of 227.75. ICICI Bank of August 2016 futures
traded at a premium of 1.05 points at 251.05 compared with
spot closing of 250.00. Tata Steel August 2016 futures traded at a
premium of 2.10 points at 366.80 compared with spot closing of
364.70. Axis Bank August 2016 futures traded at a premium of
1.40 points at 552.90 compared with spot closing of 551.50.
The Nifty PCR finally stood at 0.87 for August month contract.
The top five scrips with highest PCR on OI were EICHERMOT
(2.22), SRF (1.51), BAJFINANCE (1.48), UBL (1.31) and
TECHM (1.13).
2nd August,2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
VOLTAS 370.15 5.80 26.25 378.31
JINDALSTEL 89.75 6.65 13.62 93.28
TECHM 491.75 0.81 9.88 497.88
ABIRLANUVO 1480.9 4.16 9.60 1512.22
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
TVSMOTOR 296.75 1.18 -12.12 298.89
DISHTV 105.25 1.54 -6.18 106.91
OIL 369.85 0.05 -5.87 373.57
BAJAJ-AUTO 2751.75 1.14 -5.06 2773.94
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
LT 1486.00 -4.21 19.90 1522.04
EXIDEIND 178.05 -1.19 15.20 180.92
ICICIBANK 251.05 -5.12 13.03 256.00
CADILAHC 353.95 -3.83 12.58 361.76
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
ANDHRABANK 60.10 -0.41 -8.67 60.94
UPL 615.10 -1.78 -6.69 622.74
INFRATEL 394.45 -0.14 -4.68 399.80
BIOCON 830.05 -0.49 -3.80 839.31
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
2nd August,2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1688 1619 1590 1595 1688 1673 1659 1629 Down Sell
ADANIPORTS 229 223 216 217 230 224 220 209 Down Sell
AMBUJACEM 271 263 259 260 271 269 268 264 Down Sell
ASIANPAINT 1121 1045 1025 1030 1123 1113 1104 1085 Down Sell
AUROPHARMA 789 765 747 751 793 778 768 743 Down Sell
AXISBANK 551 577 569 570 552 545 540 529 Down Sell
BAJAJ-AUTO 2744 2763 2706 2755 2745 2709 2675 2605 Down Sell
BANKBARODA 148 167 158 159 149 145 142 134 Down Sell
BHARTIARTL 363 380 361 363 364 361 359 354 Down Sell
BHEL 142 145 139 140 144 139 136 129 Down Sell
BOSCHLTD 24619 24177 23800 24100 24823 24396 24173 23523 Down Sell
BPCL 596 563 552 554 597 590 583 570 Down Sell
CIPLA 525 517 505 507 527 519 514 500 Down Sell
COALINDIA 326 324 319 321 328 324 322 316 Down Sell
DRREDDY 2975 3610 3544 3561 2975 2948 2921 2866 Down Sell
EICHERMOT 22324 19999 19800 19907 22463 22072 21820 21177 Down Sell
GAIL 380 399 386 387 382 377 373 365 Down Sell
GRASIM 5015 4849 4772 4786 4982 4945 4875 4768 Up Buy
HCLTECH 778 725 715 724 774 757 735 697 Up Buy
HDFC 1377 1386 1338 1345 1381 1364 1351 1322 Down Sell
HDFCBANK 1245 1239 1223 1225 1244 1229 1213 1181 Up Buy
HEROMOTOCO 3215 3295 3240 3252 3223 3197 3178 3134 Down Sell
HINDALCO 137 141 136 137 137 135 132 127 Up Buy
HINDUNILVR 930 947 910 911 925 921 911 898 Up Buy
ICICIBANK 250 271 263 263 253 245 240 227 Down Sell
IDEA 104 113 103 105 104 103 102 99 Down Sell
INDUSINDBK 1202 1145 1127 1130 1193 1182 1161 1129 Up Buy
INFRATEL 396 359 351 357 400 391 385 371 Down Sell
INFY 1086 1085 1055 1081 1081 1074 1061 1042 Up Buy
ITC 252 250 248 249 252 249 246 241 Down Sell
KOTAKBANK 757 783 769 780 758 747 737 715 Down Sell
LT 1495 1604 1565 1575 1524 1461 1428 1332 Down Sell
LUPIN 1727 1690 1660 1665 1727 1706 1685 1642 Down Sell
M&M 1472 1482 1464 1468 1474 1454 1436 1399 Down Sell
MARUTI 4869 4564 4432 4456 4842 4799 4729 4617 Up Buy
NTPC 160 157 155 155 159 158 156 154 Up Buy
ONGC 219 229 217 218 220 217 215 209 Down Sell
POWERGRID 178 166 163 163 178 176 174 169 Up Buy
RELIANCE 1009 1039 1002 1003 1011 1003 996 981 Down Sell
SBIN 228 234 228 229 229 224 221 214 Down Sell
SUNPHARMA 840 781 771 778 834 828 817 800 Up Buy
TATAMOTORS 508 505 490 491 509 504 500 491 Down Sell
TATAMTRDVR 330 322 313 313 330 326 322 313 Up Buy
TATAPOWER 72 72 70 71 72 71 70 68 Down Sell
TATASTEEL 365 379 364 365 362 357 350 337 Up Buy
TCS 2703 2469 2431 2431 2687 2648 2594 2501 Up Buy
TECHM 489 510 503 505 486 479 469 452 Up Buy
ULTRACEMCO 3757 3548 3483 3500 3751 3732 3707 3662 Up Buy
WIPRO 558 554 545 551 555 548 538 521 Up Buy
YESBANK 1222 1184 1170 1174 1220 1206 1189 1157 Up Buy
ZEEL 504 475 460 462 502 494 485 468 Up Buy

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
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2nd August,2016
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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: 2016.08.02 09:05:19 +05'30'