The document provides a daily market summary and outlook for the Nifty index and Bank Nifty index in India. It notes that Indian markets may see a mildly negative opening due to mixed trading in other Asian markets. The Nifty closed slightly higher after volatility, led by banking stocks. The document analyzes technical indicators for both indexes and provides short term support and resistance levels. It also summarizes derivative trading activity and lists stocks with unusual option volume changes.

1. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Intraday
Today, We may witness mild negative opening in Nifty around 8709 level on
back of SGX Nifty and other Asian counters which is trading on mixed note
today.
Nifty witnessed a volatility during the trade on Wednesday and managed to
end the session slightly in green, led by a recovery in bank stocks. After a
positive opening, Indian market failed to hold their gain and slipped into red
terrain, as investors indulged in cutting down their bets on disappointing
macroeconomic data and weak trend in Asian markets. A slowdown in
industrial activity does not bode well for Asia's third largest economy,
especially after overall growth faltered to a 15-month low between April and
June. Investors also remained cautious with the report that India is likely to
post its first current account surplus in nine years in the latest quarter, which
should bolster the rupee though it is not a good sign for the economy as it
reflects weak investment demand at home and subdued exports. Further,
market regain momentum, as investors’ sentiments got some comfort with
the country’s retail inflation slowing to 5.05 percent in August led by easing
food prices especially vegetables and making a strong case for the newly
appointed RBI governor Urjit Patel to cut rates in the next monetary policy
review on October 4, 2016. Traders also took some encouragement with a
report stating that implementation of Goods & Service Tax (GST) will lead to
increased tax compliance and attract more foreign direct investments across
sectors due to tax transparency and ease of doing business. On global front,
European stocks were trading higher, shrugging off market jitters over central
bank uncertainty and a renewed drop in oil prices, while Asian market ended
near six-week lows, with Japan's Nikkei falling 0.69 per cent as uncertainty
grew ahead of a central bank policy meeting next week.
The top gainers in Nifty index were BANKBARODA, YESBANK, TATAMTRDVR,
ADANIPORTS,ACC. While on the other hand, top losers were BOSCHLTD,
COALINDIA, ONGC, TCS, SUNPHARMA.
15th September, 2016
SENSEX 28,372 0.07%
NIFTY 8,727 0.13%
SGX Nifty* 8,753 -0.19%
Global Indices
Dow Jones 18,035 -0.18%
Nasdaq 5,174 0.36%
FTSE 6,673 0.12%
DAX 10,378 -0.08%
Straits Times 2,794 -0.54%
Nikkei 225 16,415 -1.22%
Hang Seng 23,280 0.38%
Commodities
Gold 31,038 -0.14%
Silver 45,605 0.23%
Natural Gas 194 -1.40%
Crude Oil 2,938 -3.23%
Currency
Dollar / Rupee 66.89 -0.04%
Euro / Rupee 75.09 -0.05%
Pound / Rupee 88.49 0.12%
Volumes Rs.mn
Cash BSE 36,160 5.46
Cash NSE 220,207 4.18
FII Activities Rs.Cr.
Purchase Sale Net
3873.79 4,297 -422.75
MF Activities Rs.Cr.
Purchase Sale Net
8181.6 4,472 3709.9
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
15th September, 2016
L1 L2 L3
R 8748 8769 8799
S 8697 8668 8646
21 DEMA 8739
50 DEMA 8594
100 DEMA 8375
Moving Averages
L1 L2 L3
R 19998 20086 20219
S 19777 19644 19556
21 DEMA 19663
50 DEMA 19069
100 DEMA 18316
Moving Averages
 Index has started week on turmoil note and on next day its spillover effect has been observed.
 With two day fall stock has retraced to its rising channel which is acting as support since February
month.
 Recent low is also coinciding with previous upper band of consolidation phase, which can act as good
support.
 Going forward, Nifty is hovering around key level. There can be make or break situation. Immediate
resistance for market can be around 8770 and support lies at 8680 to 8660 range.
 After 4 days steep fall Bank Nifty managed to close on green side. Banking stock has outperformed
broader index as well.
 From candle stick perspective Index has formed bullish engulfing pattern which is reversal pattern but
due confirmation required to validate its implication.
 Index is trading above its 21 day short term moving average and public sector bank again back in action
after brief pause.
 Going forward, mild positive bias can be maintain with upside potential of 20100 and immediate
support 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 3.13% and reached 14.76. The Nifty
was up by 11 points or 0.13% to settle at 8,726.60.
From the most active contracts, State Bank of India September
2016 futures traded at a premium of 0.45 points at 254.10
compared with spot closing of 253.65. ICICI Bank September
2016 futures traded at a premium of 1.00 points at 272.85
compared with spot closing of 271.85. Vedanta Industries
September 2016 futures traded at a premium of 0.80 points at
166.45 compared with spot closing of 165.65. Axis Bank
September 2016 futures traded at a premium of 1.20 points at
604.85 compared with spot closing of 603.65. Tata Motors
September 2016 futures traded at a discount of 0.80 points at
563.40 compared with spot closing of 564.20.
The Nifty Put Call Ratio (PCR) finally stood at 1.18 for September
month contract. The top five scrips with highest PCR on OI were
MRF (2.67), CASTROLIND (1.16), MARUTI (1.15), GODREJCP
(1.14) and BHARTIARTL (1.01).
15th September, 2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
PCJEWELLER 517.60 8.08 33.06 535.86
APOLLOTYRE 214.55 4.84 16.53 219.31
UPL 700.00 7.81 11.54 720.38
KSCL 354.9 4.86 10.47 363.97
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
IOC 567.15 2.40 -8.21 573.09
YESBANK 1256.60 3.85 -7.24 1276.90
HDIL 91.30 1.16 -6.83 92.58
HINDZINC 221.2 3.83 -5.56 224.75
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
CASTROLIND 444.95 -4.31 15.91 454.79
BATAINDIA 525.00 -0.45 8.76 532.24
TORNTPHARM 1637.40 -1.28 8.56 1658.79
BEML 1029.35 -1.71 7.50 1044.23
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
DLF 145.00 -0.45 -6.45 147.18
HINDPETRO 401.20 -66.58 -5.83 406.09
WIPRO 479.00 -0.45 -1.25 481.77
ONGC 248.50 -1.07 -1.05 251.37
INFOSYS CALL RATIO SPREAD
View - Moderate Bullish
Max. Profit of 32.86 (Rs. 16430), Approx. Loss of 7.14
(Rs. 3570) at SL level 1120
Expiry Date - 29th September, 2016
BUY /
SELL
QTY
STRIKE
PRICE
SERIES
OPTION
TYPE
Premium
BUY 500 1040 SEP CE 31.35
SELL 500 1080 SEP CE 12.10
SELL 500 1080 SEP CE 12.10

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
15th September, 2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1621 1619 1590 1595 1610 1594 1566 1522 Up Buy
ADANIPORTS 267 223 216 217 264 260 253 242 Up Buy
AMBUJACEM 264 263 259 260 263 261 257 251 Up Buy
ASIANPAINT 1165 1045 1025 1030 1165 1150 1136 1107 Up Buy
AUROPHARMA 782 765 747 751 783 776 770 757 Down Sell
AXISBANK 604 577 569 570 600 595 585 571 Up Buy
BAJAJ-AUTO 2965 2763 2706 2755 2966 2938 2911 2857 Down Sell
BANKBARODA 169 167 158 159 166 164 159 152 Up Buy
BHARTIARTL 320 380 361 363 320 317 314 308 Down Sell
BHEL 146 145 139 140 147 144 142 137 Down Sell
BOSCHLTD 23005 24177 23800 24100 23185 22771 22536 21887 Down Sell
BPCL 575 563 552 554 573 568 561 549 Up Buy
CIPLA 579 517 505 507 578 571 564 550 Up Buy
COALINDIA 325 324 319 321 325 322 319 313 Up Buy
DRREDDY 3166 3610 3544 3561 3157 3144 3122 3087 Up Buy
EICHERMOT 22540 19999 19800 19907 22601 22289 22037 21473 Down Sell
GAIL 387 399 386 387 387 384 382 376 Down Sell
GRASIM 4721 4849 4772 4786 4696 4655 4588 4481 Up Buy
HCLTECH 779 725 715 724 783 771 763 743 Down Sell
HDFC 1395 1386 1338 1345 1390 1383 1371 1352 Up Buy
HDFCBANK 1272 1239 1223 1225 1271 1266 1260 1248 Up Buy
HEROMOTOCO 3590 3295 3240 3252 3575 3541 3492 3409 Up Buy
HINDALCO 143 141 136 137 142 140 137 132 Up Buy
HINDUNILVR 912 947 910 911 914 903 894 875 Down Sell
ICICIBANK 272 271 263 263 271 268 263 256 Up Buy
IDEA 84 113 103 105 84 83 82 81 Up Buy
INDUSINDBK 1192 1145 1127 1130 1192 1182 1173 1154 Up Buy
INFRATEL 344 359 351 357 344 340 336 327 Down Sell
INFY 1045 1085 1055 1081 1048 1038 1031 1014 Down Sell
ITC 253 250 248 249 252 251 248 245 Up Buy
KOTAKBANK 806 783 769 780 810 799 793 776 Down Sell
LT 1474 1604 1565 1575 1471 1459 1445 1419 Up Buy
LUPIN 1532 1690 1660 1665 1535 1520 1508 1482 Down Sell
M&M 1414 1482 1464 1468 1418 1403 1391 1364 Down Sell
MARUTI 5356 4564 4432 4456 5357 5329 5302 5248 Down Sell
NTPC 156 157 155 155 155 153 150 146 Up Buy
ONGC 248 229 217 218 249 245 241 234 Down Sell
POWERGRID 180 166 163 163 180 179 177 175 Up Buy
RELIANCE 1043 1039 1002 1003 1048 1036 1030 1011 Down Sell
SBIN 258 234 228 229 256 254 251 246 Up Buy
SUNPHARMA 779 781 771 778 783 770 761 740 Down Sell
TATAMOTORS 564 505 490 491 558 550 537 515 Up Buy
TATAMTRDVR 361 322 313 313 356 351 340 325 Up Buy
TATAPOWER 75 72 70 71 75 74 72 70 Up Buy
TATASTEEL 374 379 364 365 372 366 357 342 Up Buy
TCS 2332 2469 2431 2431 2340 2302 2272 2205 Down Sell
TECHM 467 510 503 505 468 463 459 450 Down Sell
ULTRACEMCO 3955 3548 3483 3500 3918 3871 3786 3655 Up Buy
WIPRO 478 554 545 551 480 474 471 461 Down Sell
YESBANK 1254 1184 1170 1174 1238 1219 1184 1130 Up Buy
ZEEL 519 475 460 462 516 511 502 489 Up Buy

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Contact Us
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15th September, 2016
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Kapil Shah
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Date: 2016.09.15 08:42:58 +05'30'