#CHoiceBroking #EquityBazaar - Today, We may witness gap down opening in Nifty around 8669 level on back of SGX Nifty and other Asian counters which is trading on negative note today.

1. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Intraday
Today, We may witness gap down opening in Nifty around 8669 level on back
of SGX Nifty and other Asian counters which is trading on negative note
today.
Nifty ended the Monday’s trade slightly in the green as traders took some
encouragement with credit rating agency Crisil in its latest report stating that
revenues of companies in key sectors such as automobiles, IT services, power,
steel products, telecom services, pharmaceuticals and FMCG are expected to
grow 7 per cent in the July-September 2016 quarter, compared with a
marginal 2 per cent in the year ago period. Some support also came with NITI
Aayog Vice-Chairman Arvind Panagariya’s statement that India can become a
$ 10 trillion economy in the next 15 years, from the existing $ 2 trillion, like
China did in last one and a half decade. However, gains remained capped with
the World Bank’s new report stating that India, the world's largest remittance
recipient in 2015, may receive a remittance of $ 65.5 billion this year, a drop
of 5 percent due to weak economic growth in remittances-source countries
and cyclic low oil prices. Also, traders remained on sidelines ahead of macro
data scheduled to be announced through the week starting with factory
output numbers later in the day. Finally, Nifty ended the session with
marginal gains of just over ten points, recapturing its crucial 8,700 mark. On
the global front, European markets were trading in green in early deals, as
markets saw less chance of a victory by Republican nominee Donald Trump in
his US presidential bid amid a scandal over vulgar comments he made about
women. Asian markets ended mixed on Monday.
The top gainers in Nifty index were TATASTEEL, ACC, ASIANPAINT, CIPLA,
HINDALCO. While on the other hand, top losers were BHARTIARTL, RELIANCE,
ADANIPORTS, NTPC, BHEL.
13th October, 2016
SENSEX 28,082 0.08%
NIFTY 8,709 0.13%
SGX Nifty* 8,664 -0.46%
Global Indices
Dow Jones 18,144 0.09%
Nasdaq 5,239 -0.15%
FTSE 7,024 -0.67%
DAX 10,523 -0.51%
Straits Times 2,787 -0.95%
Nikkei 225 16,774 -0.39%
Hang Seng 23,060 -1.50%
Commodities
Gold 29,651 -0.23%
Silver 42,051 0.13%
Natural Gas 215 -1.54%
Crude Oil 3,351 -1.04%
Currency
Dollar / Rupee 66.53 -0.21%
Euro / Rupee 73.67 0.20%
Pound / Rupee 81.36 -0.22%
Volumes Rs.mn
Cash BSE 25,021 -21.99
Cash NSE 150,919 -22.02
FII Activities Rs.Cr.
Purchase Sale Net
4023.65 4,977 -953.09
MF Activities Rs.Cr.
Purchase Sale Net
14773.5 3,259 11514.3
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
13th October, 2016
L1 L2 L3
R 8735 8761 8777
S 8693 8678 8651
21 DEMA 8729
50 DEMA 8666
100 DEMA 8488
Moving Averages
L1 L2 L3
R 19470 19561 19620
S 19319 19260 19169
21 DEMA 19575
50 DEMA 19343
100 DEMA 18727
Moving Averages
 After a prolong rise Nifty’s curvature is shifting on another side. On weekly chart Nifty has breached its
rising wedge channel which is one of the negative development on chart.
 On daily chart Nifty has formed third lower top and from past 3 trading session Nifty is facing stiff
resistance 8800 level.
 Negative Directional Index has taken dominant position and reading has crossed above 25 level which
shows faster move.
 Going forward, in short term recent scenario can be viewed with negative bias. Immediate resistance
can be around 8780 to 8000 level and on down side support lies at 8600 level
 Bank Nifty has breached major rising trend line, which is major development on chart.
 On daily chart index has started to form lower top which signifies step by step bulls are losing their
strength.
 Earlier Nifty has formed base around 19700 level but now on push up same level acting as resistance. It
shows change of polarity.
 Going forward mild negative view can be adopted in short term. Immediate support level lies at 19100
level below which further down side movement can be expected. On higher side resistance lies at
19700 level.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The India VIX contraction by 1.38% and reached 14.28. The
Nifty was up by 11.20 points or 0.13% to settle at 8,708.80.
From the most active contracts, State Bank of India October
2016 futures traded at a premium of 0.75 points at 257.40
compared with spot closing of 256.65. The numbers of
contracts traded were 7,186. Vedanta October 2016 futures
traded at a premium of 0.30 points at 200.05 compared with
spot closing of 199.75. Axis Bank October 2016 futures
traded at a premium of 1.75 points at 534.25 compared with
spot closing of 532.50. Tata Motors October 2016 futures
traded at a premium of 1.10 points at 564.05 compared with
spot closing of 562.95. Tata Steel October 2016 futures
traded at a discount of 0.30 points at 419.00 compared with
spot closing of 419.30.
The Nifty PCR finally stood at 1.01 for October month
contract. The top five scrips with highest PCR on OI were
OFSS (2.00), APOLLOHOSP (1.89), MRF (1.57), MARUTI (1.16)
and BAJAJ-AUTO (1.06).
13th October, 2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
PCJEWELLER 522.75 7.35 32.03 535.83
ULTRACEMCO 3998.50 1.09 10.79 4018.04
DISHTV 99.00 2.54 9.76 100.72
KSCL 427.8 2.26 9.57 434.77
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
APOLLOHOSP 1347.45 1.58 -6.40 1356.26
DABUR 286.75 0.39 -4.20 287.71
SRF 1906.70 0.10 -3.81 1920.80
AMBUJACEM 257.7 1.46 -2.47 259.42
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
HINDZINC 252.50 -0.24 11.70 254.64
UNIONBANK 146.45 -2.27 11.49 148.72
CUMMINSIND 901.60 -1.17 5.74 909.24
NTPC 147.35 -1.17 5.69 148.80
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
SUNTV 558.75 -0.92 -5.07 563.51
GRASIM 1019.60 -0.88 -3.21 1028.79
JINDALSTEL 79.50 -1.00 -2.28 81.35
TATAMOTORS 564.05 -0.50 -2.26 567.91
APOLLOTYRE COVERED CALL

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
13th October, 2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1667 1736 1705 1686 1655 1636 1605 1555 Up Buy
ADANIPORTS 264 273 271 268 265 262 260 254 Down Sell
AMBUJACEM 256 263 261 258 256 254 251 247 Up Buy
ASIANPAINT 1211 1254 1236 1224 1206 1194 1176 1146 Up Buy
AUROPHARMA 858 879 871 864 857 850 842 828 Up Buy
AXISBANK 533 546 542 537 534 529 525 517 Down Sell
BAJAJ-AUTO 2881 2957 2932 2906 2881 2856 2831 2780 Down Sell
BANKBARODA 162 168 167 165 163 161 159 155 Down Sell
BHARTIARTL 316 324 322 319 317 314 312 307 Down Sell
BHEL 135 139 138 136 135 134 133 131 Down Sell
BOSCHLTD 23079 23380 23300 23190 23110 22999 22919 22729 Down Sell
BPCL 657 679 673 665 659 651 646 632 Down Sell
CIPLA 581 601 593 587 579 573 565 550 Up Buy
COALINDIA 320 325 323 322 320 318 316 313 Down Sell
DRREDDY 3085 3169 3134 3110 3074 3050 3014 2955 Up Buy
EICHERMOT 25800 26321 26202 26001 25881 25681 25561 25241 Down Sell
GAIL 417 435 430 423 418 412 406 395 Down Sell
GRASIM 1015 1057 1047 1031 1021 1005 995 970 Down Sell
HCLTECH 813 832 824 819 810 805 796 783 Up Buy
HDFC 1395 1435 1423 1409 1398 1383 1372 1346 Down Sell
HDFCBANK 1285 1298 1293 1289 1284 1280 1275 1265 Up Buy
HEROMOTOCO 3480 3536 3523 3502 3488 3467 3454 3419 Down Sell
HINDALCO 161 167 165 163 161 159 157 153 Up Buy
HINDUNILVR 877 894 890 883 879 872 868 857 Down Sell
ICICIBANK 251 257 255 253 251 249 247 243 Down Sell
IDEA 80 82 81 80 80 79 79 78 Down Sell
INDUSINDBK 1220 1245 1239 1229 1223 1213 1207 1191 Down Sell
INFRATEL 376 389 384 380 375 371 366 356 Up Buy
INFY 1031 1060 1046 1039 1024 1017 1003 981 Up Buy
ITC 241 246 244 243 241 239 238 235 Down Sell
KOTAKBANK 780 791 788 784 782 778 775 769 Down Sell
LT 1452 1481 1473 1463 1455 1444 1436 1418 Down Sell
LUPIN 1522 1557 1541 1531 1515 1506 1490 1465 Up Buy
M&M 1378 1399 1393 1386 1380 1373 1367 1354 Down Sell
MARUTI 5714 5772 5753 5734 5715 5695 5676 5638 Down Sell
NTPC 147 152 151 149 147 145 144 140 Down Sell
ONGC 266 276 273 270 267 263 260 254 Down Sell
POWERGRID 178 181 180 179 178 177 176 174 Down Sell
RELIANCE 1096 1142 1132 1114 1104 1086 1076 1048 Down Sell
SBIN 257 264 262 259 258 255 253 249 Down Sell
SUNPHARMA 756 767 763 759 755 751 747 739 Up Buy
TATAMOTORS 563 579 575 569 565 559 555 545 Down Sell
TATAMTRDVR 366 378 375 370 368 363 360 353 Down Sell
TATAPOWER 81 83 82 82 81 80 80 79 Down Sell
TATASTEEL 419 435 428 424 416 412 405 393 Up Buy
TCS 2380 2425 2406 2393 2374 2361 2342 2310 Up Buy
TECHM 422 433 429 425 421 418 413 406 Up Buy
ULTRACEMCO 3976 4062 4029 4002 3969 3942 3909 3849 Up Buy
WIPRO 477 483 481 479 478 476 474 470 Down Sell
YESBANK 1279 1302 1296 1288 1282 1274 1268 1254 Down Sell
ZEEL 568 587 581 574 568 562 556 543 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
Disclaimer
This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial
instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in
any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but
Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the
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
notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended
purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may
be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is
strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current
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
13th October, 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: 2016.10.13 08:39:55 +05'30'