#ChoiceBroking #EquityBazaar - Today, We may witness flat opening in Nifty around 8597 level on back of SGX Nifty and other Asian counters which is trading on positive note today.

1. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Intraday
Today, We may witness flat opening in Nifty around 8597 level on back of SGX
Nifty and other Asian counters which is trading on positive note today.
The local benchmark Nifty, after witnessing bout of volatility, managed to
keep its head above water on Thursday on the back of decent recovery
witnessed in last leg of trade. After making a cautious start, Indian Market
gained traction and traded firmly in early deals as sentiments remained up-
beat with the report that the government is working out a plan to optimally
utilize land banks of state run companies as part of its bigger ambition to
monetize the assets of public sector enterprises. The government will look at
all central public sector companies (CPSEs), including profit making firms, to
assess if their existing resources can be utilized for spurring the economic
growth. However, market turned cautious and entered into red in noon deals
as traders booked profits at higher levels. Weakness in Indian rupee too
dampened sentiment. The rupee was trading weak at 66.84 against the dollar,
down by 7 paise. Also, cautions prevail in the market as trader remained
reluctant to make any significant move ahead June IIP and retail inflation data
for July scheduled to be released on Friday. Recovery in final hour of trade
helped market to regain its green terrain and Nifty managed to end slightly in
green. Global cues too provided strength to the local market with European
counters trading mostly in green in early deal but on caution note as a rise in
crude oil inventory and expanding production in Saudi Arabia sent oil prices
lower, while Asian market ended in red. Back home, in scrip specific
development, Atlanta shares surged over 15 per cent after the company
registered net profit of Rs 27.89 crore for the quarter ended June 30, 2016
against net loss of Rs 7.69 crore in the same quarter a year ago.
The top gainers in Nifty index were EICHERMOT, IDEA, BPCL, LUPIN, ITC.
While on the other hand, top losers were BANKBARODA, GRASIM, ZEEL,
INFRATEL, HINDALCO.
12th August,2016
SENSEX 27,860 0.30%
NIFTY 8,592 0.20%
SGX Nifty* 8,622 0.06%
Global Indices
Dow Jones 18,614 0.63%
Nasdaq 5,228 0.46%
FTSE 6,915 0.70%
DAX 10,743 0.86%
Straits Times 2,858 -0.42%
Nikkei 225 16,856 0.72%
Hang Seng 22,718 0.61%
Commodities
Gold 31,327 -0.21%
Silver 46,755 -0.77%
Natural Gas 170 -1.06%
Crude Oil 2,912 3.43%
Currency
Dollar / Rupee 66.84 0.18%
Euro / Rupee 74.37 0.08%
Pound / Rupee 86.63 0.20%
Volumes Rs.mn
Cash BSE 34,049 2.64
Cash NSE 228,304 9.52
FII Activities Rs.Cr.
Purchase Sale Net
5260.18 6,837 -1577.25
MF Activities Rs.Cr.
Purchase Sale Net
3630.8 6,947 -3316
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
12th August,2016
L1 L2 L3
R 8616 8639 8677
S 8554 8517 8493
21 DEMA 8595
50 DEMA 8395
100 DEMA 8102
Moving Averages
L1 L2 L3
R 18714 18788 18876
S 18552 18463 18390
21 DEMA 18838
50 DEMA 18270
100 DEMA 17349
Moving Averages
 Index opened on mild negative note buy last half hour helped index to close in green territory. 21 day
short term moving average again provided support to market.
 From past 3 days it has been observed that index forms its high in initial part of trading session and
came down. It shows bears are stepping in.
 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, Index is approaching its base area which is located at vicinity of 8500 to 8480 level and
on higher side 8660 to 8680 likely to act as resistance.
 Index has opened on mild negative note, in later part of trading session there was mild recovery but not
able to cross its previous hurdle.
 Index has breached its 21 day short term moving average which is mild negative indication for stock.
 From momentum oscillator perspective directional index has given negative cross over, it indicate that
there is shift of dominance from bull to bear.
 Going ahead, weakness likely to prevail and on downside immediate support will be at 18450 and on
higher side supply zone will be at 18900 level.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The India VIX contraction by 4.76% and reached 14.21. The Nifty
was up by 16.85 points or 0.20% to settle at 8,592.15.
From the most active contracts, State Bank of India August 2016
futures traded at a premium of 1.00 points at 227.90 compared
with spot closing of 226.90. ICICI Bank August 2016 futures
traded flat at 243.25 compared with spot closing. Bank of Baroda
August 2016 futures traded at a premium of 0.60 points at
146.20 compared with spot closing of 145.60. Rural
Electrification Corporation August 2016 futures traded at a
discount of 5.35 points at 221.85 compared with spot closing of
227.20. Reliance Industries August 2016 futures traded at a
premium of 2.55 points at 1016.55 compared with spot closing of
1,014.00.
The Nifty Put Call Ratio (PCR) finally stood at 0.91 for August
month contract. The top five scrips with highest PCR on OI were
ICIL (1.88), BHARATFORG (1.24), UBL (1.21), JINDALSTEL (1.17)
and EICHERMOT (1.10).
12th August,2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
AJANTPHARM 1895.30 2.92 14.90 1929.91
IRB 211.40 2.17 8.72 215.11
PAGEIND 14262.45 1.38 8.55 14930.97
GODREJCP 1516.9 0.53 7.45 1533.59
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
BRITANNIA 3239.00 3.86 -6.36 3301.90
DABUR 294.95 2.66 -5.57 299.63
DHFL 259.30 2.03 -5.35 262.13
UPL 629.1 1.31 -4.85 637.52
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
GRASIM 4554.90 -6.31 20.00 4684.65
HINDPETRO 1218.65 -0.98 10.89 1247.09
OFSS 3717.95 -0.30 10.64 3741.48
AMBUJACEM 261.2 -0.17 9.11 263.99
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
SYNDIBANK 71.10 -1.32 -6.39 72.06
CAIRN 190.70 -0.60 -6.21 192.82
JISLJALEQS 73.00 -2.08 -4.83 74.38
COALINDIA 338.15 -0.09 -4.37 339.83
View – Bearish
Max. Profit - Unlimited , Approx. Loss of Rs. 21050
at SL level of 1530
Expiry Date - 25th August 2016
Option
BUY /
SELL
QTY STRIKE
PRICE
SERIES
OPTION
TYPE
Premium
SELL 500 1500 AUGUST CE 12.50
BUY 500 1450 AUGUST PE 24.60
LT SHORT COMBO
-150.00
-100.00
-50.00
0.00
50.00
100.00
150.00
1320.00 1410.00 1500.00 1590.00

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
12th August,2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1629 1619 1590 1595 1620 1592 1556 1493 Up Buy
ADANIPORTS 254 223 216 217 255 250 246 238 Down Sell
AMBUJACEM 260 263 259 260 260 256 252 244 Down Sell
ASIANPAINT 1146 1045 1025 1030 1137 1127 1108 1080 Up Buy
AUROPHARMA 752 765 747 751 748 740 729 710 Up Buy
AXISBANK 571 577 569 570 570 565 559 549 Up Buy
BAJAJ-AUTO 2843 2763 2706 2755 2852 2816 2788 2725 Down Sell
BANKBARODA 146 167 158 159 148 143 140 132 Down Sell
BHARTIARTL 345 380 361 363 345 342 340 335 Up Buy
BHEL 137 145 139 140 137 135 132 127 Up Buy
BOSCHLTD 24680 24177 23800 24100 24827 24404 24128 23429 Down Sell
BPCL 596 563 552 554 592 585 573 554 Up Buy
CIPLA 524 517 505 507 523 520 515 507 Up Buy
COALINDIA 338 324 319 321 337 335 331 326 Up Buy
DRREDDY 3005 3610 3544 3561 3001 2978 2950 2900 Up Buy
EICHERMOT 22350 19999 19800 19907 22092 21783 21217 20342 Up Buy
GAIL 370 399 386 387 371 368 366 361 Down Sell
GRASIM 4525 4849 4772 4786 4629 4411 4298 3966 Down Sell
HCLTECH 825 725 715 724 822 817 808 795 Up Buy
HDFC 1348 1386 1338 1345 1344 1335 1322 1300 Up Buy
HDFCBANK 1229 1239 1223 1225 1229 1222 1216 1203 Up Buy
HEROMOTOCO 3311 3295 3240 3252 3323 3277 3242 3161 Down Sell
HINDALCO 143 141 136 137 142 139 135 127 Up Buy
HINDUNILVR 936 947 910 911 932 926 917 901 Up Buy
ICICIBANK 243 271 263 263 241 239 236 230 Up Buy
IDEA 96 113 103 105 95 94 92 89 Up Buy
INDUSINDBK 1168 1145 1127 1130 1160 1153 1138 1115 Up Buy
INFRATEL 369 359 351 357 371 363 357 344 Down Sell
INFY 1079 1085 1055 1081 1083 1071 1063 1044 Down Sell
ITC 252 250 248 249 250 248 244 238 Up Buy
KOTAKBANK 767 783 769 780 765 761 755 745 Up Buy
LT 1476 1604 1565 1575 1473 1466 1456 1440 Up Buy
LUPIN 1578 1690 1660 1665 1571 1557 1537 1502 Up Buy
M&M 1422 1482 1464 1468 1429 1404 1387 1345 Down Sell
MARUTI 4869 4564 4432 4456 4866 4808 4747 4629 Up Buy
NTPC 160 157 155 155 159 158 156 153 Up Buy
ONGC 231 229 217 218 230 228 225 221 Up Buy
POWERGRID 174 166 163 163 174 172 170 166 Down Sell
RELIANCE 1014 1039 1002 1003 1012 1001 989 966 Up Buy
SBIN 227 234 228 229 228 225 223 217 Down Sell
SUNPHARMA 810 781 771 778 805 791 771 738 Up Buy
TATAMOTORS 502 505 490 491 501 497 491 481 Up Buy
TATAMTRDVR 328 322 313 313 329 324 321 312 Down Sell
TATAPOWER 75 72 70 71 75 73 72 69 Down Sell
TATASTEEL 370 379 364 365 368 363 356 344 Up Buy
TCS 2707 2469 2431 2431 2696 2677 2646 2597 Up Buy
TECHM 500 510 503 505 499 496 492 486 Up Buy
ULTRACEMCO 3708 3548 3483 3500 3717 3650 3591 3466 Down Sell
WIPRO 541 554 545 551 543 538 535 528 Down Sell
YESBANK 1254 1184 1170 1174 1252 1239 1223 1194 Up Buy
ZEEL 501 475 460 462 505 494 486 468 Down Sell

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
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Research Associate
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12th August,2016
Kapil Shah
Research Associate
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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: 2016.08.12 09:08:08 +05'30'