#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 8308 level on
back of SGX Nifty and other Asian counters which is trading on mixed note
today.
Nifty ended with flat note with a positive bias on Thursday as investors
remained on the sidelines and refrained from any buying activity ahead of
start of earnings season next week. Sentiments got some support with the
newly appointed Minister of State for Finance Santosh Gangwar’s statement
that the government is confident of getting the much-delayed GST Bill passed
in the upcoming Monsoon session of Parliament, beginning later this month.
Investors also got encouragement with the report that the Southwest
monsoon rainfall has shown a marginal rise of one per cent with a good
amount of precipitation in several parts of the country for the period between
June 1 and July 6, 2016. However, gains remained capped with the US stating
that India’s growth rate target of 7.5% seems 'overstated' due to 'depressed
investor sentiment' stemming from its failure to implement crucial market
reforms. On the global front, Asian markets ended mixed on Thursday, while
European markets made firm start with CAC-40, DAX and FTSE-100 gained
over a percent each. Back home, after getting a cautious start, the local
benchmark indices traded in tight near neutral line for the most part of the
session and settled on a flat note with a positive bias. Traders were seen
piling position in FMCG, Power and Banking stocks while selling was
witnessed in IT, Capital Goods and Metal sector stocks.
The top gainers in Nifty index were LUPIN, HINDALCO, HINDUNILVR,
DRREDDY, HDFC. While on the other hand, top losers were TATASTEEL,
HCLTECH, ZEEL, TCS, ADANIPORTS.
8th July,2016
SENSEX 27,201 0.13%
NIFTY 8,338 0.02%
SGX Nifty* 8,340 -0.35%
Global Indices
Dow Jones 17,896 -0.13%
Nasdaq 4,877 0.36%
FTSE 6,534 1.07%
DAX 9,419 0.48%
Straits Times 2,844 -0.65%
Nikkei 225 15,217 -0.39%
Hang Seng 20,523 -0.90%
Commodities
Gold 31,881 -0.74%
Silver 46,893 -1.91%
Natural Gas 187 -0.43%
Crude Oil 3,063 -4.37%
Currency
Dollar / Rupee 67.39 -0.10%
Euro / Rupee 74.73 0.13%
Pound / Rupee 87.39 0.32%
Volumes Rs.mn
Cash BSE 28,782 -9.03
Cash NSE 185,716 7.95
FII Activities Rs.Cr.
Purchase Sale Net
4490.5 4,343 147.79
MF Activities Rs.Cr.
Purchase Sale Net
6672.8 3,440 3233
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 mild negative note and closed at 18084 with gain of 0.45%. After negative
opening it went into consolidation phase.
 Bank Nifty has formed bearish engulfing pattern followed by inside candle which is negative aspect in
nature. Index was not able to breach its previous shaven top.
 Among Bank Nifty index 6 banking stock ended on positive note, mild profit taking in private sector
banks has been observed and PSU bank continued to tool front seat to drive Bank Nifty.
 Going forward, Sustainability above 18000 will be major development and on higher side we can
expect further movement upto 18350 level. On downside support will be 17850 level.
8th July,2016
 Nifty took pause after a strong move, it had created 3 gaps on the move, out of which one gap has been
filled. It seems temporary exhaustion phase for market.
 Nifty closed at 8337 level with minute gain of 2 points or 0.02%. From candlestick perspective Nifty has
formed bearish engulfing pattern followed by inside candle which is bearish in nature.
 Nifty has surpassed its 8300 level but formed shooting star at higher level and filled previous gap area
which indicates mild 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 with mild
negative bias.
L1 L2 L3
R 8361 8383 8405
S 8316 8295 8272
21 DEMA 8214
50 DEMA 8049
100 DEMA 7772
Moving Averages
L1 L2 L3
R 17137 18226 18305
S 18006 17927 17856
21 DEMA 17780
50 DEMA 17279
100 DEMA 16299
Moving Averages

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The VIX decreased by 0.36% and reached 15.30. The Nifty was down
by 1.95 points or 0.02% to settle at 8,337.90.
Nifty July 2016 futures closed at 8358.30 on Thursday at a premium of
20.40 points. Nifty July futures saw contraction of 0.26 million units,
taking the total outstanding open interest (OI) to 18.66 million units.
Among Nifty calls, 8400 SP from the July month expiry was the most
active call with an addition of 0.18 million open interests. Among Nifty
puts, 8300 SP from the July month expiry was the most active put
with an addition of 0.34 million open interests. The maximum OI
outstanding for Calls was at 8500 SP 4.27 mn and that for Puts was at
8200 SP 4.62 mn. From the most active contracts, Ashok Leyland July
2016 futures traded at a discount of 0.55 points at 92.75. SBI July
2016 futures traded at a premium of 0.65 points at
220.80. Vedanta July 2016 futures traded at a discount of 1.00 points
at 144.00. Tata Steel July 2016 futures traded at a discount of 6.35
points at 310.55. Tata Motors July 2016 futures traded at a premium
of 2.30 points at 457.80 .
The Nifty PCR finally stood at 1.11 for July month contract. The top
five scrips with highest PCR on OI were GRASIM (1.37), MINDTREE
(1.37), VEDANTA (1.17), APOLLOHOSOP (1.05) and BRITANNIA (1.00).
8th July,2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
BPCL 1108.10 1.38 18.91 1118.59
ACC 1610.30 0.74 11.15 1624.97
PNB 115.60 2.30 9.64 116.50
SRF 1333.35 1.16 9.38 1346.61
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
JPASSOCIAT 12.05 2.99 -16.22 12.34
CESC 614.90 0.97 -6.96 618.85
RELINFRA 571.15 0.11 -6.39 575.12
UPL 555.55 1.35 -4.46 561.43
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
AMARAJABAT 840.30 -2.40 18.01 849.35
TATASTEEL 310.55 -5.18 16.18 319.07
TVSMOTOR 300.90 -2.37 8.32 303.88
APOLLOTYRE 150.8 -3.83 8.07 153.42
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
WIPRO 560.00 -0.92 -4.24 562.37
IDBI 74.60 -1.39 -3.53 75.19
ANDHRABANK 60.55 -0.33 -2.25 61.18
MARICO 270.7 -0.61 -2.04 272.78

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
8th July,2016
ACC 1609 1677 1637 1623 1596 1582 1555 1515 Up Buy
ADANIPORTS 210 227 219 215 212 207 204 196 Down Sell
AMBUJACEM 257 268 262 260 256 254 250 244 Up Buy
ASIANPAINT 986 1013 1001 993 989 981 977 965 Down Sell
AUROPHARMA 766 808 788 777 768 757 748 727 Down Sell
AXISBANK 541 562 551 546 541 535 530 519 Down Sell
BAJAJ-AUTO 2608 2678 2643 2625 2608 2590 2573 2538 Up Buy
BANKBARODA 158 169 164 161 159 156 155 150 Down Sell
BHARTIARTL 363 383 374 369 366 360 357 348 Down Sell
BHEL 140 146 143 142 140 139 138 135 Down Sell
BOSCHLTD 22700 23386 23004 22852 22622 22470 22241 21859 Up Buy
BPCL 1119 1173 1141 1130 1110 1099 1078 1047 Up Buy
CIPLA 517 539 526 522 513 508 500 486 Up Buy
COALINDIA 316 341 330 323 319 312 308 296 Down Sell
DRREDDY 3542 3675 3597 3569 3519 3491 3441 3363 Up Buy
EICHERMOT 19550 20198 19849 19699 19500 19350 19151 18802 Up Buy
GAIL 384 401 393 389 386 381 379 372 Down Sell
GRASIM 4550 4647 4597 4573 4547 4523 4497 4447 Up Buy
HCLTECH 717 775 750 734 725 708 699 674 Down Sell
HDFC 1293 1365 1323 1308 1281 1266 1239 1197 Up Buy
HDFCBANK 1185 1234 1206 1195 1178 1167 1150 1122 Up Buy
HEROMOTOCO 3102 3194 3153 3127 3111 3086 3070 3028 Down Sell
HINDALCO 128 135 131 130 127 126 123 119 Up Buy
HINDUNILVR 918 972 940 929 909 898 877 846 Up Buy
ICICIBANK 245 251 248 246 245 243 242 239 Down Sell
IDEA 105 109 107 106 105 104 103 101 Down Sell
INDUSINDBK 1108 1148 1127 1118 1107 1097 1086 1065 Up Buy
INFRATEL 351 372 363 357 353 347 343 334 Down Sell
INFY 1160 1194 1178 1169 1162 1153 1146 1130 Down Sell
ITC 247 256 251 249 247 244 242 237 Up Buy
KOTAKBANK 745 770 758 751 745 739 733 721 Down Sell
LT 1555 1625 1594 1575 1563 1543 1531 1500 Down Sell
LUPIN 1684 1939 1792 1738 1644 1590 1497 1349 Up Buy
M&M 1454 1497 1478 1466 1458 1446 1438 1419 Down Sell
MARUTI 4146 4283 4219 4182 4154 4117 4089 4024 Down Sell
NTPC 154 161 157 155 153 151 148 144 Up Buy
ONGC 227 240 234 230 228 224 222 217 Down Sell
POWERGRID 164 171 167 165 163 161 159 155 Up Buy
RELIANCE 988 1020 1006 997 992 983 977 963 Down Sell
SBIN 220 232 227 223 221 218 216 211 Down Sell
SUNPHARMA 780 795 787 784 779 776 771 763 Up Buy
TATAMOTORS 456 481 470 463 458 451 447 436 Down Sell
TATAMTRDVR 291 309 301 296 293 288 285 277 Down Sell
TATAPOWER 74 76 75 74 74 73 73 72 Down Sell
TATASTEEL 317 365 344 331 323 310 303 282 Down Sell
TCS 2428 2582 2515 2472 2448 2405 2381 2315 Down Sell
TECHM 505 531 519 512 508 500 496 485 Down Sell
ULTRACEMCO 3385 3529 3456 3421 3383 3348 3311 3238 Up Buy
WIPRO 560 583 572 566 562 556 551 541 Down Sell
YESBANK 1111 1157 1137 1124 1117 1104 1097 1077 Down Sell
ZEEL 449 486 469 459 453 443 436 420 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
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
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Instrument (s): - No.
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
8th 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: 2016.07.08 08:39:06 +05'30'