#ChoiceBroking #Equitybazaar:

1. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Intraday
Today, We may witness positive opening in Nifty around 8295 level on
back of SGX Nifty and other Asian counters which is trading on mixed
note today.
Nifty ended with modest gain as investors remained on sidelines and
refrained from any buying activity ahead of Industrial production data for
April is scheduled to be released on Friday. Investors were getting some
encouragement with the India Meteorological Department’s report that
Southwest monsoon has hit Kerala and seeing heavy rains for last few
hours, covering most parts of Kerala and Tamil Nadu and some parts of
south interior Karnataka. It also said that coast of Maharashtra may see
rains in next 4 days. Further, some support also came in with the
government pitching for a ratings upgrade with global agency Fitch
Ratings citing improvement in macroeconomic conditions and its
commitment to fiscal consolidation. Fitch Ratings had in December
affirmed India's 'BBB-' rating with a stable outlook. Meanwhile, the
Commerce Minister Nirmala Sitharaman said that foreign direct
investment went up 42% since the NDA government assumed office in
May 2014. However, gain remained capped with the World Bank in its
Global Economic Prospects cutting India’s growth projections to 7.6-7.7
per cent for 2016-17 and 2017-18 from 7.9 per cent pegged earlier in
January. Further, the World Bank has also lowered its forecast for the
global growth in 2016 to 2.4%, saying that the world economy is facing
stronger headwinds.
The top gainers in Nifty index were TATAPOWER, HCLTECH,
AMBUJACEM, POWERGRID, BHEL. While on the other hand, top losers
were KOTAKBANK, INFY, ZEEL, ASIANPAINT, ADANIPORTS.
9th June,2016
SENSEX 27,021 0.04%
NIFTY 8,273 0.08%
SGX Nifty* 8,306 0.26%
Global Indices
Dow Jones 18,005 0.37%
Nasdaq 4,975 0.26%
FTSE 6,302 0.27%
DAX 10,217 -0.69%
Straits Times 2,881 0.65%
Nikkei 225 16,678 -0.92%
Hang Seng 21,298 -0.14%
Commodities
Gold 29,629 0.89%
Silver 40,254 3.09%
Natural Gas 164 -0.67%
Crude Oil 3,396 1.50%
Currency
Dollar / Rupee 66.65 -0.18%
Euro / Rupee 75.88 0.17%
Pound / Rupee 96.46 0.04%
Volumes Rs.mn
Cash BSE 74,252 172.38
Cash NSE 166,207 -12.63
FII Activities Rs.Cr.
Purchase Sale Net
6971.13 6,487 483.68
MF Activities Rs.Cr.
Purchase Sale Net
6370.4 3,533 2837.2
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
 Bank Nifty closed at 17946 and closed on flat not vis a vis to previous close. Bank Nifty opened on flat
not and traded in the range of 17900 to 18000 level.
 Bank Nifty has crossed above its 50% retracement level and horizontal resistance band which is
positive development.
 Among Bank Nifty index 8 banking stock ended on positive note, mild profit taking has been observed
in private sector bank.
 Going forward, Bank Nifty approached to 18000 level which can act as psychological hurdle, fresh
buying can be initiated above 18000 level.
9th June,2016
 After strong one day move, Nifty traded in tight range. It was oscillating in the range of 8255 to 8285
range.
 Nifty closed at 8273 level with minute gain of 6 points or 0.08%. From candlestick perspective Nifty has
formed mild bear candle.
 Nifty has breached its downward slopping channel and now it is hovering around 61.8% retracement
level, sustainability above that will encourage bulls.
 Going forward, as Nifty has given upside move from consolidation, bias turned on positive side. Going
forward 8300 to 8350 level can be seen.
L1 L2 L3
R 8291 8308 8327
S 8254 8234 8217
21 DEMA 8003
50 DEMA 7868
100 DEMA 7616
Moving Averages
L1 L2 L3
R 17137 18073 18151
S 17869 17792 17729
21 DEMA 17133
50 DEMA 16627
100 DEMA 15799
Moving Averages

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The VIX increased by 1.83% and reached 15.14. The Nifty was up by
6.60 points to settle at 8,273.05. Nifty June 2016 futures closed at
8284.20 on Wednesday at a premium of 11.15 points. Nifty June
futures saw contraction of 0.15 million (mn) units, taking the total
outstanding open interest (OI) to 21.49 million (mn) units. Among
Nifty calls, 8300 SP from the June month expiry was the most active
call with an addition of 0.08 million open interests. Among Nifty puts,
8200 SP from the June month expiry was the most active put with an
addition of 0.25 million open interests. The maximum OI outstanding
for Calls was at 8300 SP (4.98 mn) and that for Puts was at 8000 SP
(6.73 mn).
From the most active contracts, State Bank of India June 2016 futures
were trading flat. ICICI Bank June 2016 futures traded at a discount of
4.20 points at 253.05. Bank of Baroda June 2016 futures traded at a
premium of 0.85 points at 148.60. Punjab National Bank June 2016
futures traded at a premium of 0.65 points at 81.25. Tata Motors June
2016 futures traded at a premium of 3.95 points at 468.95
The Nifty PCR finally stood at 1.30 for June month contract. The top
five scrips with highest PCR on OI were Maruti (1.34), Apollo Hospital
(1.31), Indusind Bank (1.18), Yes Bank (1.07) and Asian Paints (1.06).
9th June,2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
JSWENERGY 80.90 13.62 33.70 84.61
MCLEODRUSS 187.30 5.49 23.02 192.95
KSCL 471.10 3.65 11.10 479.26
ORIENTBANK 88.75 5.22 6.35 90.81
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
PTC 73.50 0.89 -6.19 74.26
FEDERALBNK 57.90 1.94 -6.15 58.89
HCLTECH 745.55 2.01 -5.54 751.72
ICICIBANK 253.05 1.40 -5.35 256.09
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
TVSMOTOR 291.45 -1.45 4.80 293.95
HDIL 97.65 -0.96 3.59 98.45
BAJAJ-AUTO 2648.55 -0.36 3.51 2661.00
IRB 216.5 -0.73 3.41 218.26
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
KPIT 186.45 -0.67 -11.39 187.04
YESBANK 1054.35 -0.85 -6.48 1061.63
TATASTEEL 342.15 -0.78 -5.83 345.59
CANBK 185.75 -0.93 -4.17 188.16
SHORT COLLAR
View – Bearish
Max. Profit of Rs. 57155, Max. Loss of Rs.
12845
Expiry Date - 30th JUN 2016
Future
BUY /
SELL
QTY SERIES TYPE
Market
Price
SELL 700 JUNE Fut 1059
Option
BUY /
SELL
QTY
STRIKE
PRICE
SERIES
OPTION
TYPE
Premium
BUY 700 1040 JUNE CE 41.95
SELL 700 940 JUNE PE 4.60
-40.00
-20.00
0.00
20.00
40.00
60.00
80.00
100.00
810.00 960.00 1110.00 1260.00
YESBANK CMP : 1057

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
9th June,2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1548 1579 1561 1554 1543 1536 1525 1508 Up Buy
ADANIPORTS 204 217 211 208 205 201 198 192 Down Sell
AMBUJACEM 239 249 243 241 237 235 231 225 Up Buy
ASIANPAINT 1019 1055 1038 1028 1020 1011 1002 984 Down Sell
AUROPHARMA 773 797 785 779 773 767 761 748 Up Buy
AXISBANK 541 559 548 545 538 534 527 516 Up Buy
BAJAJ-AUTO 2633 2701 2669 2651 2638 2619 2606 2574 Down Sell
BANKBARODA 148 157 152 150 147 145 142 137 Up Buy
BHARTIARTL 353 367 361 357 354 350 347 341 Down Sell
BHEL 121 128 125 123 121 119 117 113 Up Buy
BOSCHLTD 22200 22665 22460 22330 22255 22125 22050 21845 Down Sell
BPCL 980 1011 994 987 978 971 962 946 Up Buy
CIPLA 473 484 478 475 472 469 466 460 Up Buy
COALINDIA 307 314 310 309 306 305 302 298 Up Buy
DRREDDY 3135 3207 3176 3156 3145 3125 3115 3084 Down Sell
EICHERMOT 18780 19257 19027 18903 18797 18673 18566 18336 Down Sell
GAIL 374 390 382 378 375 371 367 359 Down Sell
GRASIM 4335 4435 4385 4360 4334 4310 4284 4234 Up Buy
HCLTECH 744 773 756 750 739 734 723 706 Up Buy
HDFC 1255 1295 1276 1265 1257 1246 1237 1218 Down Sell
HDFCBANK 1161 1201 1184 1173 1167 1156 1150 1133 Down Sell
HEROMOTOCO 3171 3294 3224 3197 3153 3127 3083 3012 Up Buy
HINDALCO 109 114 112 110 109 108 107 104 Down Sell
HINDUNILVR 898 932 915 906 899 890 883 866 Down Sell
ICICIBANK 257 274 265 261 257 253 249 240 Up Buy
IDEA 105 110 108 106 106 104 103 101 Down Sell
INDUSINDBK 1118 1163 1137 1127 1110 1101 1084 1057 Up Buy
INFRATEL 377 387 382 379 377 374 372 367 Down Sell
INFY 1237 1303 1274 1256 1245 1227 1217 1188 Down Sell
ITC 363 371 367 365 363 361 359 354 Up Buy
KOTAKBANK 759 791 776 768 761 753 746 731 Down Sell
LT 1513 1555 1530 1521 1506 1497 1481 1457 Up Buy
LUPIN 1432 1476 1453 1442 1431 1420 1409 1386 Up Buy
M&M 1383 1423 1405 1394 1387 1376 1369 1351 Down Sell
MARUTI 4165 4243 4198 4182 4153 4137 4108 4063 Up Buy
NTPC 148 153 151 150 148 147 146 143 Down Sell
ONGC 215 222 219 217 216 214 212 209 Down Sell
POWERGRID 153 159 155 154 152 150 148 144 Up Buy
RELIANCE 956 972 963 960 954 951 946 937 Up Buy
SBIN 210 218 214 212 210 208 205 201 Up Buy
SUNPHARMA 738 760 750 744 739 733 729 718 Down Sell
TATAMOTORS 465 477 471 468 466 463 460 454 Down Sell
TATAMTRDVR 323 331 327 325 323 321 318 314 Up Buy
TATAPOWER 76 80 78 77 75 74 72 69 Up Buy
TATASTEEL 342 358 350 346 342 338 334 326 Down Sell
TCS 2615 2662 2639 2627 2616 2604 2593 2570 Down Sell
TECHM 535 550 543 539 536 532 529 522 Down Sell
ULTRACEMCO 3372 3464 3417 3394 3370 3347 3323 3276 Up Buy
WIPRO 545 553 548 547 543 542 538 533 Up Buy
YESBANK 1059 1099 1078 1068 1057 1047 1035 1014 Up Buy
ZEEL 456 479 468 462 457 451 446 435 Down Sell

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
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Instrument (s): - No.
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
9th June,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: 2016.06.09 08:37:53 +05'30'