#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 8523 level on back of
SGX Nifty and other Asian counters which is trading on positive note today.
After witnessing drubbing in the four previous sessions, Indian benchmark
index Nifty heaved a sigh of relief, settling with gain of over half a percent on
Monday on fresh buying by funds and retail investors amid positive
developments on US election front as the FBI said Hillary Clinton would not
face charges over her use of a private e-mail server. Sentiments got some
support on the report that foreign direct investment (FDI) into the country
grew by over 30 percent to $ 21.62 billion during the first half of 2016-17.
During April-September of 2015-16, India received FDI worth $ 16.63 billion.
Further, investor got some confidence with report that National Council of
Applied Economic Research (NCAER) has pegged India's GDP growth at 7.6
percent for the current fiscal on back of pick-up in rural demand and positive
signals on the manufacturing front. However, traders booked some of their
profit in last leg of trade on report that Reserve Bank of India (RBI) is expected
to maintain a status quo in the upcoming December meet. According to the
report, the accommodative policy stance of the central bank would be largely
driven by weak global growth and the fact that inflation is expected to be on
track to its March-2017 target of 5 per cent. On the global front, Asian
markets ended higher on the first day of a week as investors turned optimistic
after the FBI said it stood by its earlier recommendation that no criminal
charges were warranted against Democrat Hillary Clinton. The news lifted a
cloud over Clinton's presidential campaign two days before the U.S. election.
The top gainers in Nifty index were LUPIN, AUROPHARMA, HINDALCO, SBIN,
BANKBARODA. While on the other hand, top losers were TCS, TATAMTRDVR,
INFRATEL, LT, HINDUNILVR.
8th November 2016
SENSEX 27,459 0.67%
NIFTY 8,497 0.74%
SGX Nifty* 8,536 0.31%
Global Indices
Dow Jones 18,260 2.03%
Nasdaq 5,166 2.32%
FTSE 6,807 1.67%
DAX 10,457 1.89%
Straits Times 2,804 0.12%
Nikkei 225 17,151 -0.15%
Hang Seng 22,849 0.21%
Commodities
Gold 30,078 -1.59%
Silver 42,933 -1.08%
Natural Gas 188 0.90%
Crude Oil 2,967 0.91%
Currency
Dollar / Rupee 66.74 0.06%
Euro / Rupee 73.59 -0.10%
Pound / Rupee 82.62 -0.12%
Volumes Rs.mn
Cash BSE 32,035 -29.52
Cash NSE 214,030 -10.62
FII Activities Rs.Cr.
Purchase Sale Net
5952.91 4,978 975.31
MF Activities Rs.Cr.
Purchase Sale Net
4505.8 3,990 515.6
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
8th November 2016
L1 L2 L3
R 8528 8559 8583
S 8474 8450 8419
21 DEMA 8606
50 DEMA 8629
100 DEMA 8517
Moving Averages
L1 L2 L3
R 19412 19467 19557
S 19267 19177 19122
21 DEMA 19427
50 DEMA 19375
100 DEMA 18921
Moving Averages
 After a week sell off Nifty took mild bounce, it opened on positive note and thereafter moved in
sideways in later part of day.
 Nifty formed shaven top which indicate selling from initial ticks and there on it moved in consolidation
zone.
 Momentum oscillator RSI has reading comes at 32 level, it is approaching oversold zone but negative
DI is in dominant position.
 Going forward, Despite of gap up opening it failed to breach previous two day high. So immediate
resistance will be around 8550 level and support at 8400 level which is 30 week moving average.
 After a week sell of Bank Nifty opened on positive note and dimmed power of bears.
 Index took support at rising trendline and formed hammer pattern which is validated now with price
confirmation.
 Momentum oscillator RSI was not able to recover from negative move as still Negative DI is in dominant
position.
 Going forward, immediate resistance will be at 19500 level around and on downside support at 19200
level. Bounce can be expected from current level.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The India VIX contracted by 2.02% and reached 16.50. The
Nifty was up by 63.30 points or 0.75% to settle at 8,497.05.
From the most active contracts, ICICI Bank November 2016
futures traded at a premium of 1.15 points at 279.40
compared with spot closing of 278.25. Punjab National Bank
November 2016 futures traded at a premium of 0.25 points
at 140.55 compared with spot closing of 140.30. State Bank
of India November 2016 futures traded at a premium of 1.45
points at 253.60 compared with spot closing of 252.15. Lupin
November 2016 futures traded at a premium of 0.50 points
at 1520.45 compared with spot closing of 1,519.95. Tata
Motors November 2016 futures traded at a premium of 2.20
points at 508.00 compared with spot closing of 505.80.
The Nifty PCR finally stood at 0.90 for November month
contract. The top five scrips with highest PCR on OI were
INDUSINDBK (1.06), GODREJCP (1.00), CENTURYTEX (0.98),
CUMMINSIND (0.96) and SIEMENS (0.92).
8th November 2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
CROMPGREAV 85.90 12.21 21.34 89.41
NMDC 127.50 0.43 10.32 128.95
FEDERALBNK 77.50 0.78 6.99 78.03
AMARAJABAT 1015 0.55 6.02 1024.93
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
LUPIN 1520.45 6.90 -11.17 1539.11
TORNTPHARM 1333.10 2.81 -10.64 1351.36
UBL 895.35 1.94 -10.23 912.67
GLENMARK 896.4 2.93 -8.59 905.64
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
DABUR 296.45 -0.47 10.74 299.43
VOLTAS 360.55 -0.39 7.56 364.12
BRITANNIA 3306.95 -0.13 4.93 3328.38
TCS 2286.45 -2.27 4.78 2317.03
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
UPL 668.35 -0.75 -5.39 676.28
UNIONBANK 133.30 -0.19 -3.40 135.44
HDFC 1385.60 -0.36 -2.64 1395.19
CENTURYTEX 978.40 -0.44 -2.09 993.45
BANKNIFTY SHORT STRADDLE

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
8th November 2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1483 1540 1528 1506 1495 1472 1461 1427 Down Sell
ADANIPORTS 292 304 301 297 294 289 286 279 Down Sell
AMBUJACEM 242 252 250 246 244 240 237 231 Down Sell
ASIANPAINT 1037 1087 1073 1055 1042 1024 1010 978 Down Sell
AUROPHARMA 767 805 791 779 765 753 739 713 Up Buy
AXISBANK 484 496 493 488 485 481 478 470 Down Sell
BAJAJ-AUTO 2832 2930 2890 2861 2821 2792 2752 2683 Up Buy
BANKBARODA 148 155 152 150 147 145 142 138 Up Buy
BHARTIARTL 305 318 315 310 307 302 299 290 Down Sell
BHEL 139 145 143 141 139 137 134 130 Up Buy
BOSCHLTD 21350 22868 22545 21947 21624 21026 20703 19782 Down Sell
BPCL 659 688 677 668 657 648 638 618 Up Buy
CIPLA 546 565 560 553 548 541 537 525 Down Sell
COALINDIA 318 327 325 321 319 316 313 307 Down Sell
DRREDDY 3100 3217 3186 3143 3112 3069 3038 2964 Down Sell
EICHERMOT 23990 25028 24807 24398 24177 23768 23547 22917 Down Sell
GAIL 430 441 436 433 427 425 419 411 Up Buy
GRASIM 919 950 940 929 919 908 898 877 Up Buy
HCLTECH 814 862 845 829 812 797 780 747 Up Buy
HDFC 1376 1423 1412 1394 1384 1365 1355 1327 Down Sell
HDFCBANK 1250 1272 1263 1257 1248 1242 1234 1219 Up Buy
HEROMOTOCO 3370 3531 3457 3413 3339 3296 3222 3104 Up Buy
HINDALCO 167 177 173 170 166 163 158 151 Up Buy
HINDUNILVR 837 865 858 848 841 830 824 807 Down Sell
ICICIBANK 278 291 286 282 277 273 269 260 Up Buy
IDEA 73 75 75 74 73 72 72 70 Down Sell
INDUSINDBK 1215 1245 1237 1226 1218 1207 1199 1179 Down Sell
INFRATEL 356 383 377 366 360 350 343 326 Down Sell
INFY 979 996 991 985 980 974 969 958 Down Sell
ITC 257 275 267 262 255 250 242 229 Up Buy
KOTAKBANK 802 814 811 806 803 798 795 787 Down Sell
LT 1401 1464 1448 1424 1408 1385 1369 1330 Down Sell
LUPIN 1520 1586 1561 1540 1515 1494 1469 1422 Up Buy
M&M 1380 1415 1404 1392 1381 1369 1359 1336 Down Sell
MARUTI 5715 5841 5813 5764 5736 5687 5659 5582 Down Sell
NTPC 155 161 159 157 155 153 152 148 Up Buy
ONGC 267 280 277 272 269 264 261 254 Down Sell
POWERGRID 174 176 175 175 174 174 173 172 Up Buy
RELIANCE 1000 1029 1023 1011 1005 994 988 970 Down Sell
SBIN 252 264 259 256 251 247 242 234 Up Buy
SUNPHARMA 655 694 686 670 662 646 638 614 Down Sell
TATAMOTORS 506 533 527 516 511 500 494 478 Down Sell
TATAMTRDVR 327 352 347 337 332 322 317 302 Down Sell
TATAPOWER 76 78 77 76 76 75 74 73 Up Buy
TATASTEEL 410 424 420 415 411 406 402 393 Down Sell
TCS 2266 2405 2375 2321 2290 2236 2205 2121 Down Sell
TECHM 443 470 460 451 441 432 422 403 Up Buy
ULTRACEMCO 3910 4022 3983 3947 3908 3872 3834 3759 Up Buy
WIPRO 451 462 459 455 452 448 445 438 Down Sell
YESBANK 1206 1252 1242 1224 1214 1196 1186 1158 Down Sell
ZEEL 506 526 521 513 508 501 495 482 Down Sell

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Contact Us
www.choicebroking.in
Kkunal Parar
Sr. Research Associate
kkunal.parar@choiceindia.com
Vikas Chaudhari
Research Associate
vikas.chaudhari@choiceindia.com
www.choicebroking.incustomercare@choiceindia.com
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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 November 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: 2016.11.08 09:14:45 +05'30'