The document provides an analysis of the Indian stock market indices Nifty and Bank Nifty. It notes that Nifty may open mildly positive, while Bank Nifty closed with a mild gain. Sentiment remains subdued due to higher inflation figures. Key support and resistance levels are identified for both indices. Top gainers and losers in Nifty are listed. Analysis of derivative open interest and long/short positions in various stocks is also provided, along with buy/sell recommendations based on technical indicators.

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 8127 level on
back of SGX Nifty and other Asian counters which is trading on mixed note
today.
Nifty ended the Tuesday’s session flat amid weak global cues. Sentiment
remained downbeat on the back of higher-than-expected consumer inflation
and rise in the wholesale price index (WPI) based inflation for the second
straight month. WPI for May rose to 0.79 per cent from 0.34 per cent in
April owing to higher food and manufactured products cost. Sentiment also
remained dampened after the India Meteorological Department (IMD)
report suggested that the progress of southwest monsoon is relatively slow
as it is not getting a favorable system to move forward, but days of heat
wave condition in central and northwest India will soon be over as pre-
monsoon showers will bring moisture in the air. Sentiment also remained
subdued with India’s Consumer Price Index (CPI)-based inflation for the
month of May 2016 rising to 5.76%, the highest in 19 months, and the most
since the new series of retail inflation with base year of 2012 was introduced
from January 2015. However, losses remained capped with the Minister of
State for Finance Jayant Sinha’s statement that the government has enough
backing from smaller regional parties to pass the Bill in Rajya Sabha without
support from the main opposition Congress party and if we can pass it in the
monsoon session of Parliament, then we can implement it in April 1, 2017.
Some support also came on the hopes of a further push to the goods and
services tax bill by finance minister Arun Jaitely.
The top gainers in Nifty index were SBIN, CIPLA, ADANIPORTS,
BANKBARODA, EICHERMOT. While on the other hand, top losers were
ULTRACEMCO, BPCL, ZEEL, AMBUJACEM, HINDUNILVR.
15th June,2016
SENSEX 26,396 0.00%
NIFTY 8,109 -0.02%
SGX Nifty* 8,136 0.22%
Global Indices
Dow Jones 17,675 -0.33%
Nasdaq 4,844 -0.10%
FTSE 5,924 -2.05%
DAX 9,519 -1.45%
Straits Times 2,777 0.32%
Nikkei 225 15,973 0.72%
Hang Seng 20,391 0.02%
Commodities
Gold 30,558 0.52%
Silver 41,519 0.17%
Natural Gas 175 0.57%
Crude Oil 3,257 -0.55%
Currency
Dollar / Rupee 67.26 0.19%
Euro / Rupee 75.35 -0.07%
Pound / Rupee 95.06 0.11%
Volumes Rs.mn
Cash BSE 27,333 4.36
Cash NSE 145,067 -3.66
FII Activities Rs.Cr.
Purchase Sale Net
4514.3 4,000 514
MF Activities Rs.Cr.
Purchase Sale Net
7586.2 4,786 2800.6
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 17672 with mild gain of 0.45%. Bank Nifty opened on mild negative note but
thereafter moving higher in staggered way.
 Bank Nifty faced resistance at 17800 level around which is lower band of consolidation phase.
 Among Bank Nifty index 8 banking stock ended on positive note, strong recovery seen in some PSU
banks and mild round of profit taking took place in Private banks.
 Going forward, immediate resistance will be around 17800 and on lower side 17400 to 17300 level will
be immediate support.
15th June,2016
 It was 5th consecutive session where nifty got cut in its size, Nifty again traded showed intraday volatility
but flat on closing basis.
 Nifty closed at 8108 level with loss of -2 points or -0.02%. From candlestick perspective Nifty has
formed mild bear candle but recovery seen from lower level.
 Nifty has faced resistance at 8220 level which is immediate supply zone on higher level. Thereafter 8300
level will be strong resistance from positional perspective.
 Going forward, immediate support for market will be around 8050 level below that 7980 will be
support. On higher side resistance will be around 8220 level.
L1 L2 L3
R 8139 8170 8205
S 8074 8039 8008
21 DEMA 8058
50 DEMA 7906
100 DEMA 7641
Moving Averages
L1 L2 L3
R 17137 17800 17880
S 17592 17512 17448
21 DEMA 17316
50 DEMA 16775
100 DEMA 15885
Moving Averages

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The VIX increased by 3.66% and reached 17.19. The Nifty was down
by 1.75 points or 0.02% to settle at 8,108.85.
Nifty June 2016 futures closed at 8120.55 on Tuesday at a premium of
11.70 points. Nifty June futures saw contraction of 1.64 million (mn)
units, taking the total outstanding open interest (OI) to 19.11 million
(mn) units. Among Nifty calls, 8200 SP from the June month expiry
was the most active call with an addition of 0.12 million open
interests. Among Nifty puts, 8000 SP from the June month expiry was
the most active put with a contraction of 0.47 million open interests.
The maximum OI outstanding for Calls was at 8300 SP (6.07 mn) and
that for Puts was at 8000 SP (6.70 mn). From the most active
contracts, SBI June 2016 futures traded at a discount of 0.10 points at
208.10. ICICI Bank June 2016 futures traded at a discount of 4.05
points at 241.25. BANKBARODA June 2016 futures traded at a
premium of 0.75 points at 149.35. PNB June 2016 futures traded at a
discount of 0.25 points at 88.75. Axis Bank June 2016 futures traded
at a premium of 3.20 points at 532.40.
The Nifty PCR finally stood at 1.18 for June month contract. The top
five scrips with highest PCR on OI were Apollo Hospital (1.59),
CONCOR (1.26), Indusind Bank (1.26), Hindalco (1.13) and Yes Bank
(1.03).
15th June,2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
IGL 615.10 5.31 27.79 626.73
SAIL 45.10 3.56 9.66 45.88
PNB 88.75 7.71 7.45 90.89
SUNTV 375.1 2.25 6.46 379.26
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
JPASSOCIAT 7.95 15.22 -8.89 8.33
CANBK 190.40 2.59 -6.33 193.19
APOLLOTYRE 151.95 2.29 -5.76 153.67
CIPLA 483.55 2.74 -5.63 488.84
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
CEATLTD 876.55 -0.34 5.58 881.42
AJANTPHARM 1564.70 -0.29 5.46 1578.74
HINDUNILVR 859.35 -1.16 3.11 865.04
HEROMOTOCO 3019.15 -0.93 3.03 3034.01
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
INDIACEM 99.00 -1.15 -8.79 100.62
ASIANPAINT 985.50 -0.95 -5.48 993.27
BAJFINANCE 7519.90 -0.18 -5.19 7570.71
ZEEL 457.9 -1.45 -4.31 462.39
SHORT COLLAR
Ini. Date- 2nd June, 2016 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

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
15th June,2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1536 1575 1558 1547 1542 1531 1525 1508 Down Sell
ADANIPORTS 208 223 215 212 207 203 199 190 Up Buy
AMBUJACEM 234 244 240 237 235 232 231 226 Down Sell
ASIANPAINT 985 1028 1008 996 988 976 967 947 Down Sell
AUROPHARMA 749 773 762 756 751 745 740 729 Down Sell
AXISBANK 529 551 540 535 530 525 520 510 Down Sell
BAJAJ-AUTO 2557 2636 2600 2579 2564 2543 2528 2492 Down Sell
BANKBARODA 149 153 151 150 148 147 146 144 Up Buy
BHARTIARTL 343 356 349 346 342 339 334 327 Up Buy
BHEL 121 124 123 122 121 120 120 118 Up Buy
BOSCHLTD 21730 22747 22217 21973 21687 21443 21157 20627 Up Buy
BPCL 992 1057 1028 1010 999 981 970 941 Down Sell
CIPLA 483 508 493 488 479 474 464 450 Up Buy
COALINDIA 308 316 312 310 308 306 305 301 Down Sell
DRREDDY 3099 3154 3125 3112 3096 3083 3067 3038 Up Buy
EICHERMOT 18750 19557 19097 18923 18637 18463 18177 17717 Up Buy
GAIL 372 388 381 377 374 369 367 359 Down Sell
GRASIM 4299 4405 4347 4323 4289 4265 4231 4173 Up Buy
HCLTECH 750 795 774 762 753 741 732 711 Down Sell
HDFC 1200 1240 1220 1210 1199 1189 1179 1159 Up Buy
HDFCBANK 1153 1177 1164 1158 1151 1146 1139 1126 Up Buy
HEROMOTOCO 3007 3100 3057 3032 3015 2989 2972 2929 Down Sell
HINDALCO 115 119 117 116 115 114 113 112 Up Buy
HINDUNILVR 864 896 881 872 866 858 851 837 Down Sell
ICICIBANK 245 252 249 247 246 244 243 239 Down Sell
IDEA 100 104 102 101 100 99 97 95 Down Sell
INDUSINDBK 1116 1153 1132 1124 1112 1104 1092 1071 Up Buy
INFRATEL 379 395 388 383 381 376 374 367 Down Sell
INFY 1176 1206 1190 1183 1175 1168 1160 1145 Up Buy
ITC 354 364 358 356 352 350 346 340 Up Buy
KOTAKBANK 752 772 763 757 753 748 744 735 Down Sell
LT 1461 1499 1481 1471 1463 1453 1445 1427 Down Sell
LUPIN 1454 1488 1471 1462 1454 1445 1436 1419 Down Sell
M&M 1354 1392 1374 1364 1356 1346 1339 1321 Down Sell
MARUTI 4100 4237 4177 4139 4117 4079 4057 3997 Down Sell
NTPC 148 152 150 149 148 147 146 144 Up Buy
ONGC 213 220 217 215 213 211 209 206 Down Sell
POWERGRID 151 155 153 152 151 150 149 147 Down Sell
RELIANCE 976 1009 993 985 977 969 961 945 Down Sell
SBIN 208 216 212 210 207 205 202 197 Up Buy
SUNPHARMA 754 769 760 757 752 749 743 735 Up Buy
TATAMOTORS 449 473 461 455 448 442 435 423 Up Buy
TATAMTRDVR 305 316 310 308 304 302 299 293 Up Buy
TATAPOWER 76 79 77 76 75 75 74 72 Up Buy
TATASTEEL 325 337 331 328 325 322 319 312 Up Buy
TCS 2540 2620 2580 2560 2539 2519 2498 2458 Up Buy
TECHM 535 551 542 539 534 530 525 516 Up Buy
ULTRACEMCO 3319 3540 3443 3381 3346 3284 3249 3152 Down Sell
WIPRO 544 551 547 545 543 541 539 535 Up Buy
YESBANK 1063 1092 1078 1071 1064 1056 1050 1036 Down Sell
ZEEL 455 485 472 463 458 450 445 431 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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15th June,2016
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Research Associate
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Kapil Shah
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DN: cn=Kapil Shah, o=Choice Equity Pvt Ltd,
ou=Research Team,
email=kapil.shah@choiceindia.com, c=US
Date: 2016.06.15 09:01:54 +05'30'