- The Nifty index snapped a three-day winning streak, finishing lower due to profit booking after the RBI kept policy rates unchanged. - Sentiment remained subdued as the outgoing RBI governor decided on rates, leaving decisions on potential cuts to his successor. - Some recovery was seen late in the day after the Lok Sabha passed amendments to the GST bill unanimously. - In derivatives, the Nifty PCR was at 0.95 indicating a bearish outlook. Top scrips with high PCR included Bharat Forge and Godrej Industries.

1. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Intraday
Today, We may witness mild positive opening in Nifty around 8694 level on
back of SGX Nifty and other Asian counters which is trading on positive note
today.
Snapping its three days winning streak, Indian benchmark index --Nifty--
finished the session on negative territory on Tuesday, as investors booked
profits after the central bank kept its policy interest rate steady in its bi-
monthly monetary policy review. After a negative opening, market never
looked confident of recovering and gradually extended its losses to end lower.
Sentiment remain subdued with the outgoing Reserve Bank of India Governor
Raghuram Rajan kept both interest rates and the cash reserve ratio on hold,
leaving it to his successor to decide if inflation is subsiding enough after the
monsoon season to make a cut. Besides, weakness in Indian rupee against the
dollar too dampened sentiment. The rupee weakened by four paise to trade
at 66.87 against the US dollar at the time of equity markets closing due to
fresh buying of the American currency by banks and importers. However,
some amount of recovery witnessed in last leg of trade which helped nifty to
pare some of their losses, as some relief came with the Lok Sabha late last
night unanimously passed the amendments to the GST Bill recommended by
the Rajya Sabha, all 443 member present in the house voted in favour of the
bill. On global front, Asian markets ended mostly higher on Tuesday as fresh
Chinese data provided signs of improving conditions for the world’s second
largest economy, while European stocks rose slightly in early trade, led by
buoyant energy shares. Energy stocks rose after OPEC said it would hold an
informal meeting in Algeria next month -- hinting it could take action to
stabilise the crude market.
The top gainers in Nifty index were TATAPOWER, ZEEL, INFRATEL, COALINDIA,
ONGC. While on the other hand, top losers were IDEA, LUPIN, AMBUJACEM,
GRASIM, EICHERMOT
10th August,2016
SENSEX 28,085 -0.35%
NIFTY 8,678 -0.38%
SGX Nifty* 8,723 0.18%
Global Indices
Dow Jones 18,533 0.02%
Nasdaq 5,225 0.24%
FTSE 6,851 0.62%
DAX 10,693 2.44%
Straits Times 2,888 0.60%
Nikkei 225 16,717 -0.29%
Hang Seng 22,584 0.52%
Commodities
Gold 31,238 0.20%
Silver 46,345 0.13%
Natural Gas 176 -4.65%
Crude Oil 2,859 -1.12%
Currency
Dollar / Rupee 66.84 0.00%
Euro / Rupee 74.35 0.17%
Pound / Rupee 87.12 0.38%
Volumes Rs.mn
Cash BSE 66,601 77.97
Cash NSE 222,989 7.85
FII Activities Rs.Cr.
Purchase Sale Net
5928.54 4,452 1476.51
MF Activities Rs.Cr.
Purchase Sale Net
9066.8 6,507 2559.8
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
10th August,2016
L1 L2 L3
R 8725 8772 8815
S 8635 8591 8545
21 DEMA 8589
50 DEMA 8378
100 DEMA 8080
Moving Averages
L1 L2 L3
R 19015 19096 19184
S 18845 18757 18676
21 DEMA 18838
50 DEMA 18226
100 DEMA 17284
Moving Averages
 Nifty opened on mild positive note and formed its day high in initial minutes and thereafter dragged
down.
 Index has filled its previous gap area and engulfed its previous day candle. However in later part of the
day some recovery seen in lower part.
 However on weekly chart Index has formed hanging man pattern on upper arm of rising wedge which is
ongoing concern for upside. For further confirmation Hanging man pattern will play a key role.
 Going forward, Sustainability above 8750 will entered into new orbit and on lower side 8570 level will
act as support.
 Bank Nifty opened on flattish note and thereafter moved on lower side however mild recovery seen in
later part of the day but it was not able to take out its initial high.
 Size of candle shrinking as day passes and it continued to show weaker performance. Bank index has
formed doji candle which shows intensiveness at current level.
 From past 4 week Index is consolidating in tight range, due to monetary policy mild uptick has observed
in PSU banks.
 Going forward, 19050 level can act as immediate resistance and 18650 to 18700 range will be support.
Undertone of Bank Nifty will get louder above 19100 level.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The India VIX contraction by 0.34% and reached 14.53. The Nifty
was down by 33.10 points or 0.38% to settle at 8,678.25.
From the most active contracts, ICICI Bank August 2016 futures
traded at a premium of 0.80 points at 246.15 compared with
spot closing of 245.35. State Bank of India August 2016 futures
traded at a premium of 0.50 points at 236.00 compared with
spot closing of 235.50. Idea Cellular August 2016 futures traded
at a premium of 0.45 points at 97.40 compared with spot closing
of 96.95. Adani Ports and Special Economic Zone August 2016
futures traded at a premium of 1.40 points at 240.40 compared
with spot closing of 239.00. Exide Industries August 2016 futures
traded at a premium of 0.80 points at 179.50 compared with
spot closing of 178.70.
The Nifty PCR finally stood at 0.95 for August month contract.
The top five scrips with highest PCR on OI were BHARATFORG
(1.44), GODREJIND (1.36), YESBANK (1.15), JINDALSTEL (1.15) and
GRASIM (1.10).
10th August,2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
EXIDEIND 179.50 2.60 47.95 183.61
SRF 1583.85 4.09 19.60 1641.55
OFSS 3715.15 0.09 11.54 3731.81
JSWENERGY 83.4 0.97 8.89 85.12
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
CONCOR 1459.45 2.22 -8.65 1482.01
CADILAHC 380.40 1.45 -5.56 383.86
HDIL 102.15 0.05 -4.76 103.09
GLENMARK 869.15 0.93 -4.73 874.88
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
OIL 373.30 -0.76 25.25 376.18
LUPIN 1615.80 -5.12 23.40 1666.64
DISHTV 96.30 -4.18 18.88 98.31
IDEA 97.4 -5.71 18.54 98.53
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
WOCKPHARMA 913.60 -0.37 -10.60 920.17
TATAELXSI 1710.35 -2.18 -6.28 1732.75
JUSTDIAL 497.75 -0.87 -6.21 507.70
HINDZINC 220.15 -0.70 -6.03 222.17
View – Bearish
Max. Profit of Rs. 27180, Approx. Loss of Rs.
8820 at SL level of 940
Expiry Date - 25th August 2016
Future
BUY /
SELL
QTY SERIES TYPE
Market
Price
SELL 600 AUGUST Fut 918
Option
BUY /
SELL
QTY
STRIK
E
PRICE
SERIE
S
OPTIO
N
TYPE
Premiu
m
SELL 600 880 AUGUST PE 7.30
HUL COVERED PUT
-40.00
-20.00
0.00
20.00
40.00
60.00
860.00 880.00 900.00 920.00 940.00 960.00

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
10th August,2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1682 1619 1590 1595 1694 1663 1645 1596 Down Sell
ADANIPORTS 239 223 216 217 239 235 231 223 Up Buy
AMBUJACEM 270 263 259 260 271 266 262 253 Down Sell
ASIANPAINT 1144 1045 1025 1030 1144 1134 1123 1102 Down Sell
AUROPHARMA 763 765 747 751 766 753 743 720 Down Sell
AXISBANK 574 577 569 570 572 569 563 554 Up Buy
BAJAJ-AUTO 2863 2763 2706 2755 2864 2833 2804 2744 Down Sell
BANKBARODA 159 167 158 159 159 156 154 150 Up Buy
BHARTIARTL 349 380 361 363 350 344 339 329 Down Sell
BHEL 140 145 139 140 140 138 137 133 Down Sell
BOSCHLTD 25316 24177 23800 24100 25307 25064 24812 24317 Up Buy
BPCL 597 563 552 554 601 588 580 558 Down Sell
CIPLA 532 517 505 507 534 528 524 514 Down Sell
COALINDIA 337 324 319 321 336 334 331 327 Up Buy
DRREDDY 3037 3610 3544 3561 3039 3019 3002 2964 Down Sell
EICHERMOT 21990 19999 19800 19907 22082 21674 21358 20635 Down Sell
GAIL 379 399 386 387 380 376 374 367 Down Sell
GRASIM 5169 4849 4772 4786 5211 5113 5056 4902 Down Sell
HCLTECH 819 725 715 724 818 812 805 791 Up Buy
HDFC 1342 1386 1338 1345 1350 1324 1305 1261 Down Sell
HDFCBANK 1246 1239 1223 1225 1245 1238 1230 1215 Up Buy
HEROMOTOCO 3410 3295 3240 3252 3434 3373 3335 3237 Down Sell
HINDALCO 147 141 136 137 147 145 143 138 Down Sell
HINDUNILVR 934 947 910 911 931 927 920 908 Up Buy
ICICIBANK 245 271 263 263 246 244 242 238 Down Sell
IDEA 97 113 103 105 98 96 95 92 Down Sell
INDUSINDBK 1187 1145 1127 1130 1188 1180 1173 1158 Down Sell
INFRATEL 385 359 351 357 383 378 372 360 Up Buy
INFY 1080 1085 1055 1081 1079 1073 1066 1053 Up Buy
ITC 247 250 248 249 248 246 244 240 Down Sell
KOTAKBANK 766 783 769 780 766 759 753 741 Down Sell
LT 1500 1604 1565 1575 1499 1488 1477 1454 Up Buy
LUPIN 1600 1690 1660 1665 1642 1556 1512 1382 Down Sell
M&M 1479 1482 1464 1468 1485 1461 1444 1403 Down Sell
MARUTI 4957 4564 4432 4456 4965 4908 4858 4752 Down Sell
NTPC 160 157 155 155 160 159 157 154 Down Sell
ONGC 229 229 217 218 229 227 226 223 Up Buy
POWERGRID 176 166 163 163 177 174 173 169 Down Sell
RELIANCE 1030 1039 1002 1003 1028 1022 1015 1001 Up Buy
SBIN 236 234 228 229 235 233 230 225 Up Buy
SUNPHARMA 826 781 771 778 828 821 815 803 Down Sell
TATAMOTORS 513 505 490 491 515 508 502 489 Down Sell
TATAMTRDVR 336 322 313 313 335 332 327 318 Up Buy
TATAPOWER 75 72 70 71 75 74 72 69 Up Buy
TATASTEEL 376 379 364 365 378 373 369 360 Down Sell
TCS 2654 2469 2431 2431 2631 2602 2550 2469 Up Buy
TECHM 503 510 503 505 501 497 491 481 Up Buy
ULTRACEMCO 3808 3548 3483 3500 3801 3764 3721 3640 Up Buy
WIPRO 550 554 545 551 550 547 544 537 Up Buy
YESBANK 1260 1184 1170 1174 1259 1252 1244 1229 Up Buy
ZEEL 512 475 460 462 507 499 487 467 Up Buy

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
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10th August,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: 2016.08.10 09:19:04 +05'30'