Nifty is expected to have a mildly negative opening around 7860. It closed higher by 0.38% supported by positive global cues and confidence in passing the GST bill. BankNifty closed at 16762 with a 0.15% gain and is expected to trade with negative bias below 17000. Nifty seems range bound between 7700-7900 and needs to sustain above 7900 for upside momentum.

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 7860
level on back of SGX Nifty and other Asian counters which is
trading on mixed note today.
Benchmark index -- Nifty has closed higher with gain of
over quarter a per cent amid strong global cues. Investors'
sentiment remained upbeat with Finance Minister Arun Jaitley
exuding confidence in getting the GST Bill passed in the upcoming
monsoon session. Jaitley has said that he has spoken to the chief
ministers of all states, including those ruled by the UPA and the
Congress, and they are a “strong supporter” of the idea. Further,
support also came in with Economic affairs secretary Shaktikanta
Das stating that the India’s pace of economic expansion is likely to
exceed the government’s initial projection this year, accelerating to
about 8% if the country receives normal levels of seasonal rainfall.
Besides, buying in oil marketing companies’ shares too supported
sentiments after increasing prices of petrol by 83 paise per liter
and diesel rates by Rs 1.26 per liter in order to align the domestic
rates of the automobile fuels with global prices.
The gainers in Nifty index were ONGC, AXISBANK, ULTRTACEMCO,
HDFC, BPCL. While on the other hand, top losers were EICHERMOT,
NTPC, AUROPHARMA, ADANIPORTS, KOTAKBANK.
18th May,2016
SENSEX 25,773 0.47%
NIFTY 7,890 0.38%
SGX Nifty* 7,878 -0.39%
Global Indices
Dow Jones 17,530 1.03%
Nasdaq 4,715 -1.27%
FTSE 6,167 0.26%
DAX 9,890 -0.63%
Straits Times 2,787 0.22%
Nikkei 225 16,753 0.60%
Hang Seng 19,894 -1.13%
Commodities
Gold 30,049 0.24%
Silver 41,180 0.47%
Natural Gas 137 0.95%
Crude Oil 3,208 0.90%
Currency
Dollar / Rupee 66.87 0.10%
Euro / Rupee 75.48 -0.12%
Pound / Rupee 96.54 -0.08%
Volumes Rs.mn
Cash BSE 49,089 117.00
Cash NSE 175,376 14.00
FII Activities Rs.Cr.
Purchase Sale Net
4455 4,991 -536
MF Activities Rs.Cr.
Purchase Sale Net
2488 1,270 1218
Indian Markets
*Sources- Bloomberg, Moneycontrol, Zeebusiness, livemint

2. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Outlook
BankNifty Outlook
21 DEMA 7854
50 DEMA 7699
100 DEMA 7576
Moving Averages
L1 L2 L3
R 7927 7964 7988
S 7866 7842 7805
L1 L2 L3
R 17137 16966 17029
S 16699 16636 16534
21 DEMA 16625
50 DEMA 16023
100 DEMA 15705
Moving Averages
 BankNifty closed at 16762 with gain of 0.15%. BankNifty opened on positive note but soon shifted its
move in sideways. Index reversed its gain in later part of the day.
 As of now there is divergence in the composition on BankNifty counters. Private sector banks lead on
rotation basis but PSB continued to lag.
 Among BankNifty index 6 banking stock ended on negative note, some Private sector bank had
performed very well but in some counters mild profit taking has been observed like YESBANK and
KOTAKBANK .
 Going forward, BankNifty likely to trade with negative bias till it sustain below 17000 level. On down
side immediate support will be 16350 level.
18th May,2016
 Intraday volatility continued to spread through the day. Nifty opened gap up note, remained higher till
mid noon but reversed thereafter.
 Nifty closed at 7890 level with gain of 30 points or 0.38%. From candlestick perspective Nifty has formed
shooting star however confirmation required.
 Nifty is sustaining above 21 day short term moving average and 250 day long term moving average.
 Going forward, Nifty seems to be in the range of 7700 to 7900. Fresh upside momentum can be expected
above 7900 level only. On downside immediate support will be around 7860 and 7770 level.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The VIX, a gauge for market's short term expectation of
volatility decreased by 3.87% and reached 16.37. The Nifty
was up by 30.00 points or 0.38% to settle at 7,890.75
The top gainers from the F&O segment were Sun TV Network,
Motherson Sumi Systems and Syndicate Bank. On the other
hand, the top losers were Eicher Motors, NTPC and Aurobindo
Pharma. In the index options segment, maximum OI was being
seen in the 7800-8500 calls and 7000-7900 puts. In today's
session, while the traders preferred to exit 7100 put, heavy
buildup was seen in the 7900 put. On the other hand, traders
exited from 7800 Call, while 8050 call witnessed considerable
OI addition.
The Nifty Put Call Ratio (PCR) finally stood at 0.94 for May
month contract. The top five scrips with highest PCR on OI
were Syndicate Bank (1.49), Indusind Bank (1.46), Axis Bank
(1.35), UCO Bank (1.14) and Zee Entertainment (1.11).
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
VOLTAS 336.10 4.90 17.51 347.25
DHFL 202.40 2.46 7.41 204.33
ASIANPAINT 970.00 6.65 7.29 978.06
STAR 1164.4 0.98 5.29 1183.33
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
IGL 591.35 3.75 -15.69 597.75
ARVIND 303.80 2.46 -11.18 306.32
HCLTECH 732.75 2.96 -8.10 739.86
SUNPHARMA 802.45 0.55 -7.04 805.01
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
CASTROLIND 396.75 -6.70 15.13 405.80
SYNDIBANK 66.25 -6.89 12.87 69.42
GODREJCP 1378.30 -1.62 9.00 1391.80
PNB 73.85 -7.51 7.93 75.00
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
COLPAL 828.80 -1.13 -5.09 832.43
18th May,2016

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1447 1508 1480 1463 1452 1435 1424 1396 Down Sell
ADANIPORTS 183 194 189 186 184 181 180 175 Down Sell
AMBUJACEM 217 225 221 219 217 215 213 209 Down Sell
ASIANPAINT 970 1012 988 979 963 955 939 915 Up Buy
AUROPHARMA 774 823 802 788 780 767 759 738 Down Sell
AXISBANK 503 530 515 509 500 494 484 469 Up Buy
BAJAJ-AUTO 2509 2591 2552 2531 2513 2492 2475 2436 Down Sell
BANKBARODA 142 152 147 144 142 139 137 132 Down Sell
BHARTIARTL 352 374 363 358 353 347 343 332 Down Sell
BHEL 121 127 124 123 122 120 119 116 Down Sell
BOSCHLTD 21550 23000 22250 21900 21500 21150 20750 20000 Up Buy
BPCL 945 978 960 952 941 934 923 904 Up Buy
CIPLA 524 537 531 528 525 521 519 513 Down Sell
COALINDIA 284 290 287 285 284 282 281 277 Up Buy
DRREDDY 3020 3078 3050 3035 3022 3007 2994 2966 Down Sell
EICHERMOT 18606 19991 19383 18994 18775 18386 18167 17559 Down Sell
GAIL 384 401 392 388 383 379 374 365 Up Buy
GRASIM 4281 4390 4336 4309 4282 4255 4228 4174 Down Sell
HCLTECH 732 768 749 740 730 721 711 692 Up Buy
HDFC 1215 1290 1251 1233 1212 1194 1173 1135 Up Buy
HDFCBANK 1153 1194 1176 1164 1158 1146 1140 1122 Down Sell
HEROMOTOCO 2935 3041 2987 2961 2933 2907 2879 2825 Up Buy
HINDALCO 89 94 92 91 90 88 87 85 Down Sell
HINDUNILVR 837 878 859 848 840 829 820 801 Down Sell
ICICIBANK 226 236 230 228 225 223 220 215 Up Buy
IDEA 111 120 116 114 112 110 108 104 Down Sell
INDUSINDBK 1078 1130 1108 1093 1085 1070 1062 1039 Down Sell
INFRATEL 385 404 395 390 387 382 378 370 Down Sell
INFY 1214 1251 1233 1223 1216 1206 1198 1181 Down Sell
ITC 331 341 336 334 331 329 326 322 Up Buy
KOTAKBANK 708 748 731 719 714 702 697 680 Down Sell
LT 1295 1345 1321 1308 1296 1284 1272 1248 Down Sell
LUPIN 1612 1658 1636 1624 1613 1602 1591 1568 Down Sell
M&M 1339 1402 1369 1354 1336 1321 1303 1271 Up Buy
MARUTI 3945 4099 4016 3981 3933 3898 3851 3768 Up Buy
NTPC 137 149 144 140 138 135 133 127 Down Sell
ONGC 210 223 216 213 209 206 202 195 Up Buy
POWERGRID 145 151 148 146 144 143 141 138 Up Buy
RELIANCE 967 1006 989 978 972 962 956 939 Down Sell
SBIN 177 184 180 179 177 175 174 170 Up Buy
SUNPHARMA 802 813 806 804 800 798 794 788 Up Buy
TATAMOTORS 390 407 399 394 390 386 382 374 Down Sell
TATAMTRDVR 272 287 280 276 273 269 267 260 Down Sell
TATAPOWER 70 72 71 71 70 69 69 68 Down Sell
TATASTEEL 326 341 334 330 327 323 321 314 Down Sell
TCS 2570 2650 2610 2590 2571 2551 2532 2493 Down Sell
TECHM 483 510 498 490 486 478 474 462 Down Sell
ULTRACEMCO 3251 3412 3323 3287 3234 3198 3144 3055 Up Buy
WIPRO 541 549 545 543 540 538 536 532 Up Buy
YESBANK 969 1043 1011 990 979 958 947 915 Down Sell
18th May,2016

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
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18th May,2016
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Date: 2016.05.18 08:43:33 +05'30'