#ChoiceBroking #EquityBazaar - Today, We may witness flat opening in Nifty around 8710 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 flat opening in Nifty around 8710 level on back of SGX
Nifty and other Asian counters which is trading on negative note today.
Erasing all its initial gains, the Indian benchmark -- Nifty -- ended in red on
Thursday. Profit booking which took place in last leg of trade mainly dragged
the market below its neutral line. After a positive start, market held their
gains and traded in a narrow range throughout the session, as investors got
some support with RBI Governor Urjit Patel signaling a marked departure in
policy approach from his predecessor’s unwavering focus on price stability.
He said that the NPA situation is an important issue for the RBI in India. We
will be dealing with it with firmness but also with pragmatism so that the
economy does not feel any lack of credit. However, heavy selling pressure
witness in late afternoon session and market entered into red terrain to touch
intraday day lows, with the International Monetary Fund’s (IMF) report that
countries such as India have taken steps to reduce non-performing loans, but
stressed that additional and more timely actions is needed. The IMF report
also warned of rising medium-term risks and said global financial stability will
now depend on how well financial institutions adapt to the new era of low
growth and low interest rates. Investors also remained on sidelines ahead of
US non-farm payrolls report on Friday and June-quarter corporate results
starting next week. Finally, Nifty snapped the session with a cut of over thirty
points. On the global front, European equity benchmarks were trading choppy
on worries that the European Central Bank might wind down the pace of
bond-buying before the end of its asset-purchase program. Asian markets
ended mostly in green on Thursday, as a healthy US economic report and
rising oil prices overnight bolstered investor optimism.
The top gainers in Nifty index were GAIL, BPCL GRASIM, RELIANCE,
HINDUNILVR. While on the other hand, top losers were BANKBARODA, CIPLA,
POWERGRID, M&M, NTPC.
07th October, 2016
SENSEX 28,106 -0.41%
NIFTY 8,710 -0.39%
SGX Nifty* 8,741 0.00%
Global Indices
Dow Jones 18,269 -0.07%
Nasdaq 5,307 -0.17%
FTSE 7,000 -0.48%
DAX 10,569 -0.16%
Straits Times 2,875 -0.37%
Nikkei 225 16,869 -0.18%
Hang Seng 23,848 -0.44%
Commodities
Gold 29,575 -1.15%
Silver 41,521 -2.63%
Natural Gas 204 1.18%
Crude Oil 3,368 1.40%
Currency
Dollar / Rupee 66.69 0.28%
Euro / Rupee 74.25 -0.15%
Pound / Rupee 82.98 -1.37%
Volumes Rs.mn
Cash BSE 72,685 -6.46
Cash NSE 222,789 4.83
FII Activities Rs.Cr.
Purchase Sale Net
5321.06 7,008 -1686.93
MF Activities Rs.Cr.
Purchase Sale Net
14773 3,259 11513.8
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
07th October, 2016
L1 L2 L3
R 8766 8822 8862
S 8669 8629 8573
21 DEMA 8734
50 DEMA 8663
100 DEMA 8780
Moving Averages
L1 L2 L3
R 19535 19675 19780
S 19290 19186 19045
21 DEMA 19614
50 DEMA 19339
100 DEMA 18701
Moving Averages
 After a prolong rise Nifty’s curvature is shifting on another side. On weekly chart Nifty has breached its
rising wedge channel which is one of the negative development on chart.
 On daily chart Nifty has formed third lower top and from past two trading session nifty has formed
tweezer top which indicate selling pressure from initial ticks.
 Negative Directional Index has took dominant position and reading has crossed above 25 level which
shows faster move.
 Going forward, in short term recent scenario can be viewed with negative bias. Immediate resistance
can be around 8780 to 8000 level and on down side support lies at 8600 level.
 Bank Nifty has breached major rising trend line, which is major development on chart.
 On daily chart index has started to form lower top which signifies step by step bulls ate losing their
strength.
 Earlier Nifty has formed base around 19700 level but now on push up same level acting as resistance. It
shows change of polarity.
 Going forward mild negative view can be adopted in short term. Immediate support level lies at 19100
level below which further down side movement can be expected. On higher side resistance lies at
19700 level.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The India VIX contraction by 0.60% and reached 14.83. The
Nifty was down by 34.40 points or 0.39% to settle at
8,709.55.
From the most active contracts, State Bank of India October
2016 futures traded at a premium of 0.05 points at 257.30
compared with spot closing of 257.25. Vedanta October
2016 futures traded at a discount of 0.05 points at 197.85
compared with spot closing of 197.90. Axis Bank October
2016 futures traded at a premium of 1.15 points at 534.65
compared with spot closing of 533.50. Tata Motors October
2016 futures traded at a premium of 0.75 points at 552.50
compared with spot closing of 551.75. Tata Steel October
2016 futures traded at a discount of 0.60 points at 390.45
compared with spot closing of 391.05.
The Nifty PCR finally stood at 1.03 for October month
contract. The top five scrips with highest PCR on OI were
MRF (2.00), OFSS (2.00), APOLLOHOSP (1.88), MARUTI
(1.23) and GRASIM (1.16).
07th October, 2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
OIL 414.20 0.28 12.60 419.78
BOSCHLTD 23214.35 1.18 7.72 23527.61
BAJFINANCE 1082.95 0.21 4.20 1097.62
IOC 649.3 4.88 4.02 664.85
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
IGL 860.35 3.41 -16.41 873.74
KSCL 418.40 1.22 -10.85 428.05
NMDC 116.30 3.79 -10.38 118.04
HINDUNILVR 884.9 1.00 -6.66 889.06
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
TORNTPHARM 1647.20 -1.55 31.76 1675.07
ALBK 78.40 -3.27 8.51 79.74
AJANTPHARM 1976.80 -1.89 6.53 2002.34
BANKBARODA 165.35 -2.88 6.43 167.74
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
SRF 1901.40 -1.85 -9.03 1929.55
JINDALSTEL 79.30 -5.54 -8.82 81.02
TATASTEEL 390.45 -0.40 -8.25 393.91
APOLLOTYRE 228.50 -0.98 -7.55 232.43
AUROPHARMA COVERED CALL

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
07th October, 2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1625 1679 1666 1646 1632 1612 1599 1565 Down Sell
ADANIPORTS 265 274 271 268 264 261 258 252 Up Buy
AMBUJACEM 253 266 263 258 254 249 245 237 Down Sell
ASIANPAINT 1210 1242 1232 1221 1211 1200 1191 1170 Down Sell
AUROPHARMA 859 929 912 885 868 842 825 781 Down Sell
AXISBANK 534 549 542 538 531 527 520 509 Up Buy
BAJAJ-AUTO 2821 2914 2892 2856 2834 2798 2776 2718 Down Sell
BANKBARODA 165 175 172 169 166 162 160 153 Down Sell
BHARTIARTL 321 331 328 325 322 319 316 310 Down Sell
BHEL 136 143 141 139 137 135 133 129 Down Sell
BOSCHLTD 23080 24289 23919 23500 23130 22711 22341 21552 Down Sell
BPCL 673 719 701 687 670 655 638 606 Up Buy
CIPLA 578 611 604 591 584 571 564 544 Down Sell
COALINDIA 319 328 325 322 320 316 314 308 Down Sell
DRREDDY 3075 3170 3145 3110 3085 3050 3025 2965 Down Sell
EICHERMOT 26140 26853 26679 26410 26235 25966 25792 25348 Down Sell
GAIL 415 443 431 423 411 403 392 372 Up Buy
GRASIM 1009 1053 1036 1023 1005 992 975 944 Up Buy
HCLTECH 804 834 825 815 806 795 786 767 Down Sell
HDFC 1423 1448 1441 1432 1425 1416 1409 1394 Down Sell
HDFCBANK 1283 1309 1302 1293 1286 1276 1269 1253 Down Sell
HEROMOTOCO 3479 3580 3551 3515 3486 3449 3420 3355 Down Sell
HINDALCO 159 167 164 161 159 156 153 148 Down Sell
HINDUNILVR 883 902 894 889 881 876 869 856 Up Buy
ICICIBANK 252 264 261 256 253 249 245 237 Down Sell
IDEA 80 82 81 81 80 79 79 78 Down Sell
INDUSINDBK 1219 1263 1249 1234 1220 1205 1191 1162 Down Sell
INFRATEL 380 390 388 384 381 377 374 368 Down Sell
INFY 1027 1058 1052 1039 1033 1020 1014 995 Down Sell
ITC 238 248 245 241 239 235 232 226 Down Sell
KOTAKBANK 781 800 795 788 783 775 770 758 Down Sell
LT 1455 1488 1478 1467 1456 1445 1435 1413 Down Sell
LUPIN 1480 1521 1513 1496 1488 1471 1463 1438 Down Sell
M&M 1374 1442 1425 1399 1382 1357 1340 1298 Down Sell
MARUTI 5710 5783 5764 5737 5719 5691 5673 5627 Down Sell
NTPC 150 158 156 153 151 148 145 140 Down Sell
ONGC 270 281 277 274 270 266 262 255 Up Buy
POWERGRID 178 186 184 181 179 176 174 170 Down Sell
RELIANCE 1112 1162 1144 1128 1110 1094 1076 1042 Up Buy
SBIN 257 267 265 261 258 255 252 246 Down Sell
SUNPHARMA 753 779 773 763 756 746 740 723 Down Sell
TATAMOTORS 552 576 570 561 555 546 540 525 Down Sell
TATAMTRDVR 354 375 369 361 356 348 343 330 Down Sell
TATAPOWER 79 83 82 80 79 77 76 73 Down Sell
TATASTEEL 391 405 400 396 391 386 382 373 Down Sell
TCS 2387 2432 2417 2402 2387 2372 2358 2328 Down Sell
TECHM 421 436 432 426 423 417 413 404 Down Sell
ULTRACEMCO 3962 4120 4082 4022 3984 3924 3886 3788 Down Sell
WIPRO 478 484 482 480 479 477 475 471 Down Sell
YESBANK 1280 1370 1332 1306 1269 1243 1205 1142 Up Buy
ZEEL 559 587 579 569 561 551 542 524 Down Sell

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
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07th October, 2016
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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: 2016.10.07 09:16:32 +05'30'