#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 8477 level on back of
SGX Nifty and other Asian counters which is trading on positive note today.
Indian equity indices staged a sharp recovery in the second half of the trading
session as the market took Donald Trump's victory in its stride. Donald John
Trump was elected the 45th president of the United States on Tuesday,
becoming the least politically experienced candidate to ascend to the office in
the nation’s 240-year history. Investors fear a Trump victory could cause
global economic and trade turmoil and years of policy unpredictability,
discouraging the Federal Reserve from raising interest rates in December as
long expected. IT stocks came under pressure as investors reacted to the US
presidential elections result. For the $150 billion IT services industry a Trump
victory will only add to its woes and challenges the industry is facing on
growth due to automation and technology disruption. On the domestic front,
sentiments got undermined on Prime Minister Narendra Modi’s
announcement that 500 and 1,000 rupee banknotes would be withdrawn
from circulation at midnight to crack down on rampant corruption and
counterfeit currency. The surprise move was designed to bring billions of
dollars worth of cash in unaccounted wealth into the mainstream economy,
but this move will adversely impact the country’s economy in near term,
given that about 40% of the economy is driven by small- and medium-sized
enterprises that largely depend on cash transactions. Sectors like real estate,
construction material, and jewelry that use more of black money will take a
big knock, while e-commerce sector having cash on delivery may feel impact
on sales.
The top gainers in Nifty index were DRREDDY, SUNPHARMA, SBIN,
POWERGRID, BANKBARODA. While on the other hand, top losers were
AMBUJACEM, MARUTI, TCS, TECHM, ULTRACEMCO.
10th November 2016
SENSEX 27,253 -1.24%
NIFTY 8,432 -1.32%
SGX Nifty* 8,502 0.56%
Global Indices
Dow Jones 18,590 1.38%
Nasdaq 5,251 1.10%
FTSE 6,912 0.99%
DAX 10,646 1.54%
Straits Times 2,825 1.26%
Nikkei 225 17,184 5.43%
Hang Seng 22,838 1.85%
Commodities
Gold 29,877 -0.01%
Silver 43,379 0.16%
Natural Gas 181 1.50%
Crude Oil 3,043 1.12%
Currency
Dollar / Rupee 66.43 -0.29%
Euro / Rupee 72.77 0.33%
Pound / Rupee 82.54 0.08%
Volumes Rs.mn
Cash BSE 107,176 72.83
Cash NSE 340,649 75.14
FII Activities Rs.Cr.
Purchase Sale Net
4910.99 4,340 571.34
MF Activities Rs.Cr.
Purchase Sale Net
10662.8 15,233 -4569.7
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 November 2016
L1 L2 L3
R 8605 8777 9079
S 8131 7830 7657
21 DEMA 8585
50 DEMA 8618
100 DEMA 8516
Moving Averages
L1 L2 L3
R 20023 20527 21467
S 18579 17639 17135
21 DEMA 19441
50 DEMA 19386
100 DEMA 18943
Moving Averages
 It was huge wide volatile session, Nifty has given movement around 700 points on intraday basis.
 Some days ago nifty has breached 4 month support level of 8500, as per change of polarity price has
reactionary move and previous support likely to act as resistance.
 Momentum oscillator RSI kept on forming lower high and lower low which indicate negative structure.
 Going forward, Nifty likely to have resistance band around 8500 to 8550 level and on downside
support lies around 8300 level.
 Bank Nifty continued to show its out performance vis a vis to broader index as it constitutions showing
strength.
 Despite of broader market ending in red territory, Bank nifty able to give close in green due to strong
performance in banking stocks.
 Index continued to take support at 100 DMA and recently moved above 21 day short term moving
average.
 Going forward, higher side resistance will be at 19750 level and on downside support lies at 19200
level.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The India VIX increased by 1.59% and reached 16.77. The
Nifty was up by 46.50 points or 0.55% to settle at 8,543.55.
From the most active contracts, SBI futures traded at a
discount of 0.10 points at 260.70 compared with spot closing
of 260.80. ICICI Bank futures traded at a discount of 0.15
points at 282.35 compared with spot closing of 282.50. Axis
Bank futures traded at a premium of 0.30 points at 489.60
compared with spot closing of 489.30. Sun Pharmaceuticals
futures traded at a discount of 3.15 points at 662.85
compared with spot closing of 666.00. HDFC Bank futures
traded at a premium of 1.7 points at 1256.80 compared with
spot closing of 1,255.10.
The Nifty PCR finally stood at 0.96 for November month
contract. The top five scrips with highest PCR on OI were
United Breweries (1.07), Cummins India (1.04), INDUSINDBK
(0.91), Marico (0.89) and BATAINDIA (0.87).
10th November 2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
DABUR 298.50 0.51 5.28 309.29
KOTAKBANK 822.15 1.07 4.92 849.50
PNB 142.75 1.13 4.43 149.51
SBIN 260.7 2.90 3.57 270.86
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
ENGINERSIN 266.35 1.54 -20.35 278.46
MRF 52324.90 0.12 -16.53 54464.10
TORNTPHARM 1354.00 2.57 -13.60 1414.74
PETRONET 366.35 1.10 -10.22 382.34
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
MARUTI 5412.25 -4.84 14.54 5509.28
DHFL 282.45 -10.21 13.47 293.93
HEROMOTOCO 3244.20 -4.01 12.08 3293.33
HAVELLS 376.4 -4.70 11.02 388.05
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
CROMPGREAV 81.90 -1.80 -42.58 86.24
OIL 402.90 -1.76 -23.90 412.07
GRANULES 108.05 -5.22 -19.57 115.04
SRF 1708.30 -2.47 -16.19 1767.47

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
10th November 2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1460 1608 1537 1499 1428 1390 1319 1210 Up Buy
ADANIPORTS 282 312 297 290 275 268 253 231 Up Buy
AMBUJACEM 231 251 243 237 229 223 215 201 Up Buy
ASIANPAINT 1055 1198 1128 1091 1022 985 916 810 Up Buy
AUROPHARMA 755 882 827 791 736 699 644 553 Up Buy
AXISBANK 489 538 516 503 481 468 446 411 Up Buy
BAJAJ-AUTO 2784 3018 2921 2852 2755 2687 2589 2424 Up Buy
BANKBARODA 152 176 165 158 147 141 129 111 Up Buy
BHARTIARTL 301 331 318 309 296 287 274 252 Up Buy
BHEL 138 154 147 143 136 131 124 113 Up Buy
BOSCHLTD 21399 23807 22603 22001 20797 20195 18991 17185 Up Buy
BPCL 665 723 696 680 653 638 611 569 Up Buy
CIPLA 525 588 560 542 514 497 469 423 Up Buy
COALINDIA 318 361 341 330 309 298 278 246 Up Buy
DRREDDY 3295 3818 3580 3437 3199 3056 2818 2437 Up Buy
EICHERMOT 23496 26174 24977 24237 23039 22299 21101 19163 Up Buy
GAIL 446 488 468 457 437 426 407 376 Up Buy
GRASIM 901 1021 965 933 876 845 788 699 Up Buy
HCLTECH 790 839 818 804 784 769 749 714 Up Buy
HDFC 1355 1427 1394 1374 1342 1322 1290 1238 Up Buy
HDFCBANK 1255 1339 1298 1277 1236 1215 1174 1112 Up Buy
HEROMOTOCO 3240 3526 3389 3314 3177 3102 2965 2753 Up Buy
HINDALCO 162 180 172 167 159 154 146 133 Up Buy
HINDUNILVR 834 883 859 846 823 810 786 750 Up Buy
ICICIBANK 283 336 311 297 271 257 231 191 Up Buy
IDEA 73 82 77 75 70 68 63 57 Up Buy
INDUSINDBK 1199 1278 1243 1221 1185 1163 1128 1070 Up Buy
INFRATEL 365 423 395 380 353 338 310 268 Up Buy
INFY 963 1065 1020 991 946 918 873 799 Up Buy
ITC 250 273 264 257 248 240 231 215 Up Buy
KOTAKBANK 822 914 872 847 805 780 737 670 Up Buy
LT 1393 1550 1480 1436 1366 1322 1252 1138 Up Buy
LUPIN 1534 1788 1676 1605 1494 1423 1311 1129 Up Buy
M&M 1340 1487 1423 1381 1318 1276 1212 1107 Up Buy
MARUTI 5410 5788 5671 5540 5423 5292 5175 4927 Down Sell
NTPC 155 169 163 159 152 149 142 131 Up Buy
ONGC 271 299 285 278 264 257 243 222 Up Buy
POWERGRID 181 200 191 186 176 172 162 148 Up Buy
RELIANCE 1003 1110 1060 1031 981 952 902 823 Up Buy
SBIN 261 296 278 270 252 244 226 200 Up Buy
SUNPHARMA 666 797 733 699 636 602 538 441 Up Buy
TATAMOTORS 534 596 570 552 526 508 482 438 Up Buy
TATAMTRDVR 345 398 374 359 335 321 297 259 Up Buy
TATAPOWER 72 80 76 74 71 68 65 59 Up Buy
TATASTEEL 401 438 421 411 394 384 367 340 Up Buy
TCS 2186 2392 2333 2260 2201 2127 2069 1937 Down Sell
TECHM 435 485 464 450 429 415 394 359 Up Buy
ULTRACEMCO 3798 4203 4037 3917 3751 3632 3465 3179 Up Buy
WIPRO 450 507 479 465 436 422 394 352 Up Buy
YESBANK 1221 1366 1298 1259 1191 1153 1085 978 Up Buy
ZEEL 507 590 553 530 493 470 433 374 Up Buy

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
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
future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations
issued by Choice Broking in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on
information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or warranty and accepts no responsibility
or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without
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performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee
against the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock /
Instrument (s): - No.
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
10th 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: 2016.11.10 08:55:15 +05'30'