#ChoiceBroking #EquityBazaar

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 8370 level on back of
SGX Nifty and other Asian counters which is trading on positive note today.
Nifty ended with decent gain for the fifth straight session on Friday on
account of good buying in frontline blue-chip stocks amid firm global cues.
Sentiment got boost with the report that Indian manufacturing activity surged
to a three-month high in June, driven by stronger demand. The Nikkei/Market
Manufacturing Purchasing Managers’ Index (PMI) rose to 51.7 in June from
May’s 50.7, its sixth month above the 50 mark that separates growth from
contraction after it fell below that level in December for the first time in more
than two years. Some support also came with the World Bank’s statement
that India is a bright spot. The World Bank president has said that he is
pleased with the progress that's been made in six priority areas. He added
that Prime Minister Modi and his entire Cabinet have set extremely difficult
and important targets. However, gains remained capped up to certain extent
with the report that Infrastructure sectors grew at five-month low rate of 2.8
per cent in May, slipping from a four-year high of 8.5 per cent in previous
month, as oil and natural gas output contracted. n global front, most of the
Asian market ended higher, while European markets made a positive opening
in the early deal on Friday. Back home, Indian equity markets made a gap up
start on the first day of the July F&O series and continued to trade in positive
territory, as appreciation in rupee value against the dollar added to the
optimistic sentiments.
The top gainers in Nifty index were ONGC, BHEL, LT, DRREDDY, ITC .While on
the other hand, top losers were TCS, KOTAKBANK, ZEEL, ADANIPORTS,
AMBUJCEM.
4th July,2016
SENSEX 27,145 0.53%
NIFTY 8,328 0.49%
SGX Nifty* 8,399 0.49%
Global Indices
Dow Jones 17,949 0.11%
Nasdaq 4,863 0.41%
FTSE 6,578 1.12%
DAX 9,776 0.98%
Straits Times 2,865 0.63%
Nikkei 225 15,752 0.44%
Hang Seng 21,112 1.50%
Commodities
Gold 31,463 0.84%
Silver 45,559 4.59%
Natural Gas 199 0.95%
Crude Oil 3,271 -1.01%
Currency
Dollar / Rupee 67.32 -0.30%
Euro / Rupee 74.87 0.04%
Pound / Rupee 89.39 0.27%
Volumes Rs.mn
Cash BSE 33,366 7.32
Cash NSE 191,382 -28.12
FII Activities Rs.Cr.
Purchase Sale Net
9444.62 8,500 944.77
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 17985 with gain of 0.28%. Nifty opened on positive
note and thereafter traded in consolidation phase.
 Bank Nifty has tested 18000 level which is important resistance level but failed to sustain at higher
level.
 Among Bank Nifty index 7 banking stock ended on positive note, mild profit taking in private sector
banks has been observed
 Going forward, sustainability above 18000 will be major development. It will be make or break
situation bank index.
4th July,2016
 Nifty took lead from previous trading session and opened on gap up note. Thereafter it moved in
consolidation phase and later part mild selling from upper level.
 Nifty closed at 8328 level with gain of 40 points or 0.40%. From candlestick perspective Nifty has
formed shooting star candle.
 Nifty has surpassed its 8300 level but formed shooting star at higher level which indicates selling at
higher level.
 Going forward, sustainability above 8300 level can be induce further rally. As per historical pattern after
strong move nifty goes in consolidation phase. So outlook remain sideways from current level.
L1 L2 L3
R 8354 8379 8402
S 8306 8283 8258
21 DEMA 8197
50 DEMA 8024
100 DEMA 7743
Moving Averages
L1 L2 L3
R 17137 18125 18175
S 17936 17886 17816
21 DEMA 17737
50 DEMA 17207
100 DEMA 16208
Moving Averages

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The VIX decreased by 3.39% and reached 15.73. The Nifty was up by
40.60 points or 0.49% to settle at 8,328.35.
Nifty July 2016 futures closed at 8355.15 on Friday at a premium of
26.80 points. Nifty July futures saw addition of 0.32 million units,
taking the total outstanding open interest (OI) to 18.75 million units.
Among Nifty calls, 8400 SP from the July month expiry was the most
active call with a contraction of 0.15 million open interests. Among
Nifty puts, 8300 SP from the July month expiry was the most active
put with an addition of 0.91 million open interests. The maximum OI
outstanding for Calls was at 8500 SP (4.31 mn) and that for Puts was
at 8000 SP (4.21 mn). From the most active contracts, SBI July 2016
futures traded at a premium of 1.25 points at 220.45. Axis Bank July
2016 futures traded at a discount of 2.5 points at 539.70. ITC July
2016 futures traded at a premium of 1.30 points at 254.15. ICICI Bank
July 2016 futures traded at a premium of 2.20 points at 242.05. Tata
Steel July 2016 futures traded at a discount of 6.20 points at 321.20.
The Nifty PCR finally stood at 1.04 for July month contract. The top
five scrips with highest PCR on OI were TORNTPHARM (1.75),
MINDTREE (1.36), GRASIM (1.32), BRITANNIA (1.24) and APOLLOHOSP
(1.08).
4th July,2016
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 SPREADLong Built Up
Symbol Close Price Chng % OI Chng % Buy Above
MCLEODRUSS 211.35 9.42 26.99 218.55
IBREALEST 97.65 3.77 15.03 99.08
PCJEWELLER 393.90 2.63 13.08 398.58
CEATLTD 868.1 2.60 12.47 881.64
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
TORNTPHARM 1399.25 1.17 -9.15 1408.57
CAIRN 142.25 2.74 -3.70 143.82
UPL 562.35 1.45 -3.53 566.09
INDUSINDBK 1128.05 0.84 -3.08 1132.60
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
KPIT 158.40 -14.77 50.58 162.22
HINDZINC 178.30 -1.49 17.93 180.04
VOLTAS 319.90 -1.17 16.98 322.82
JETAIRWAYS 550.55 -1.71 14.76 554.90
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
ITC 254.15 -31.49 -7.45 258.56
BOSCHLTD 22754.55 -0.14 -6.59 22879.35
GRASIM 4651.85 -0.45 -3.53 4672.44
JPASSOCIAT 8.65 -3.35 -1.57 8.86

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
4th July,2016
ACC 1620 1648 1633 1626 1619 1612 1605 1591 Up Buy
ADANIPORTS 205 214 210 207 205 203 201 197 Down Sell
AMBUJACEM 253 265 259 256 254 251 249 244 Down Sell
ASIANPAINT 998 1033 1017 1008 1002 992 986 970 Down Sell
AUROPHARMA 746 767 757 752 747 742 737 727 Down Sell
AXISBANK 542 562 551 547 541 537 531 521 Up Buy
BAJAJ-AUTO 2667 2794 2739 2703 2684 2648 2629 2574 Down Sell
BANKBARODA 157 164 160 158 156 154 152 148 Up Buy
BHARTIARTL 367 388 378 372 368 362 357 347 Down Sell
BHEL 132 139 135 134 131 130 127 123 Up Buy
BOSCHLTD 22581 23442 23053 22817 22664 22428 22275 21886 Down Sell
BPCL 1092 1158 1122 1107 1087 1072 1052 1016 Up Buy
CIPLA 509 527 517 513 506 503 496 486 Up Buy
COALINDIA 311 321 316 313 311 309 307 302 Down Sell
DRREDDY 3482 3624 3548 3515 3473 3439 3397 3321 Up Buy
EICHERMOT 19108 20002 19603 19355 19203 18955 18803 18403 Down Sell
GAIL 395 414 403 399 393 388 382 371 Up Buy
GRASIM 4644 4744 4696 4670 4649 4623 4601 4554 Down Sell
HCLTECH 730 746 739 735 732 728 725 719 Down Sell
HDFC 1243 1298 1273 1258 1248 1233 1223 1198 Down Sell
HDFCBANK 1175 1204 1190 1183 1177 1170 1164 1151 Down Sell
HEROMOTOCO 3185 3257 3219 3202 3181 3164 3143 3105 Up Buy
HINDALCO 125 129 127 126 124 123 122 120 Up Buy
HINDUNILVR 896 932 914 905 896 887 877 859 Up Buy
ICICIBANK 240 247 244 242 241 239 238 234 Down Sell
IDEA 106 110 108 107 106 105 105 103 Down Sell
INDUSINDBK 1119 1143 1132 1126 1122 1115 1112 1101 Down Sell
INFRATEL 350 366 358 354 350 346 341 333 Up Buy
INFY 1171 1194 1184 1177 1174 1167 1164 1154 Down Sell
ITC 253 286 269 261 252 244 235 217 Up Buy
KOTAKBANK 753 787 772 762 756 747 741 726 Down Sell
LT 1544 1618 1574 1559 1530 1515 1485 1441 Up Buy
LUPIN 1554 1585 1569 1561 1552 1544 1535 1518 Up Buy
M&M 1461 1541 1499 1480 1456 1437 1414 1371 Up Buy
MARUTI 4166 4335 4253 4209 4171 4127 4089 4006 Down Sell
NTPC 157 162 159 158 156 155 154 151 Up Buy
ONGC 229 252 238 234 225 220 212 198 Up Buy
POWERGRID 165 172 168 167 165 163 161 158 Up Buy
RELIANCE 975 987 981 978 974 971 967 960 Up Buy
SBIN 219 224 222 221 220 218 218 216 Down Sell
SUNPHARMA 763 780 772 767 765 760 757 750 Down Sell
TATAMOTORS 459 480 470 464 460 454 449 439 Down Sell
TATAMTRDVR 292 308 300 296 293 289 286 279 Down Sell
TATAPOWER 74 76 75 75 74 74 73 73 Up Buy
TATASTEEL 327 337 333 330 328 326 324 319 Down Sell
TCS 2499 2660 2589 2544 2519 2474 2449 2379 Down Sell
TECHM 510 531 521 516 511 505 501 490 Down Sell
ULTRACEMCO 3424 3615 3525 3474 3435 3384 3345 3255 Down Sell
WIPRO 558 576 568 563 560 555 552 544 Down Sell
YESBANK 1128 1178 1150 1139 1123 1112 1095 1068 Up Buy
ZEEL 451 472 463 457 454 448 445 436 Down Sell
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
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Instrument (s): - No.
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
4th 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: 2016.07.04 08:51:46 +05'30'