#ChoiceBroking #EquityBazaar - 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.

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 ended the Friday’s session in green terrain with a gain of around half a
percent, recapturing its crucial 8,750 bastion, as weak US retail sales data
dimmed the prospects of a rate hike by the US Federal Reserve at its meeting
later this month. Earlier, markets made a gap-up opening, as traders took
encouragement with report that Prime Minister Narendra Modi is targeting to
roll out the ambitious GST on April 1 next year, has directed that all steps
required in this direction should be completed before that date. He has also
said that GST Council would need to have intensive meetings to be able to
make timely recommendations relating to its mandate. Beside, investors got
some confidence with the report that India is expected to register a record
food grain production during the 2016-17 crop year (July-June). However, in
last leg of trade, index pared some of its early gains tracking weakness in
European counters. Investors also remained nervous with the exports
declining for the second consecutive month in August by 0.3 percent to $
21.51 billion due to dip in shipments of products like petroleum and leather.
The imports too contracted by 14 percent to $29.91 billion, leaving a trade
deficit of $7.67 billion in the month under review. Finally, Nifty ended the
session in green with 37 points. On global front, European stocks were trading
lower weighed by losses in the financial sector and as investors became more
cautious ahead of the Federal Reserve’s policy meeting next week.
Meanwhile, Asian markets ended higher on Friday in a relatively quiet session,
as several markets in the region were shut, while traders got some comfort
after weak US data reduced already low expectations of an interest rate
increase by the Federal Reserve next week.
The top gainers in Nifty index were EICHERMOT, GRASIM,ITC, BPCL,
HEROMOTOCO. While on the other hand, top losers were YESBANK,BHEL,
TATASTEEL, ZEEL, HINDALCO.
19th September, 2016
SENSEX 28,599 0.65%
NIFTY 8,780 0.42%
SGX Nifty* 8,753 -0.19%
Global Indices
Dow Jones 18,124 -0.49%
Nasdaq 5,245 -0.10%
FTSE 6,710 -0.30%
DAX 10,276 -1.51%
Straits Times 2,835 0.28%
Nikkei 225 16,519 0.69%
Hang Seng 23,528 0.82%
Commodities
Gold 30,813 -0.31%
Silver 45,273 -0.81%
Natural Gas 198 1.06%
Crude Oil 2,885 -2.18%
Currency
Dollar / Rupee 66.98 -0.06%
Euro / Rupee 74.81 0.00%
Pound / Rupee 87.19 0.05%
Volumes Rs.mn
Cash BSE 45,067 18.56
Cash NSE 316,841 64.75
FII Activities Rs.Cr.
Purchase Sale Net
4128.27 4,466 -337.77
MF Activities Rs.Cr.
Purchase Sale Net
9524.5 5,641 3883.7
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
19th September, 2016
L1 L2 L3
R 8835 8890 8932
S 8738 8696 8641
21 DEMA 8743
50 DEMA 8607
100 DEMA 8391
Moving Averages
L1 L2 L3
R 20127 20399 20571
S 19684 19512 19240
21 DEMA 19695
50 DEMA 19129
100 DEMA 18380
Moving Averages
 Earlier week started on negative note but at end it has recouped its partial loss and formed doji candle
which shows decisiveness.
 It was highly volatile session Nifty opened on bullish gap note but in later part it filled its gap which
shows selling has emerged from higher level.
 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 8820 to 8850 and support lies at 8700 level.
 Bank Nifty opened on positive note but not able to sustain at higher level, strong selling has emerged
from higher level.
 On weekly chart index has formed Doji candle which shows indecisiveness at higher level.
 Index is trading above its 21 day short term moving average but after good move mild profit taking has
been observed in PSU banks and some leading private sector bank.
 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 0.66% and reached 14.58. The Nifty
was up by 37.30 points or 0.43% to settle at 8,779.85.
From the most active contracts, State Bank of India September
2016 futures traded at a premium of 0.30 points at 255.50
compared with spot closing of 255.20. ICICI Bank September
2016 futures traded at a premium of 0.65 points at 268.55
compared with spot closing of 267.90. Axis Bank September 2016
futures traded at a premium of 3.00 points at 602.95 compared
with spot closing of 599.95. Tata Motors September 2016 futures
traded at a premium of 0.65 points at 551.25 compared with
spot closing of 550.60. Reliance Industries September 2016
futures traded at a premium of 5.40 points at 1078.30 compared
with spot closing of 1,072.90.
The Nifty PCR finally stood at 1.22 for September month
contract. The top five scrips with highest PCR on OI were MRF
(2.67), MARUTI (1.42), GODREJCP (1.40), CENTURYTEX (1.12)
and GRASIM (1.09).
19th September, 2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
TVSMOTOR 339.25 5.26 17.32 Long BU
WOCKPHARMA 910.20 8.10 14.94 Long BU
UBL 832.30 1.12 11.42 Long BU
ARVIND 332.9 5.05 8.77 Long BU
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
OIL 401.10 2.64 -12.44 405.47
RELINFRA 591.35 1.27 -9.56 602.77
RECLTD 232.70 1.00 -9.44 234.65
CROMPGREAV 81.15 0.87 -7.85 81.89
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
HAVELLS 411.35 -0.18 11.82 417.44
DHFL 282.40 -1.31 10.45 288.55
ADANIENT 69.50 -2.73 9.57 70.99
TORNTPHARM 1599.6 -2.23 8.38 1623.67
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
SUNTV 496.85 -2.50 -13.86 508.44
DISHTV 100.10 -0.55 -7.18 101.67
PFC 118.95 -0.42 -6.70 120.36
VOLTAS 380.20 -1.46 -6.12 385.22
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
19th September, 2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1626 1666 1653 1640 1627 1613 1600 1574 Down Sell
ADANIPORTS 271 282 279 275 271 267 264 257 Down Sell
AMBUJACEM 263 272 269 266 264 261 259 253 Down Sell
ASIANPAINT 1157 1204 1193 1175 1163 1146 1134 1105 Down Sell
AUROPHARMA 786 813 806 796 790 780 773 757 Down Sell
AXISBANK 600 631 622 611 602 591 581 561 Down Sell
BAJAJ-AUTO 2975 3124 3078 3026 2980 2928 2881 2783 Down Sell
BANKBARODA 165 177 174 169 167 162 160 152 Down Sell
BHARTIARTL 323 331 329 326 323 320 318 313 Down Sell
BHEL 147 159 156 152 149 144 141 133 Down Sell
BOSCHLTD 23400 24111 23856 23628 23372 23144 22889 22406 Up Buy
BPCL 580 598 590 585 577 572 564 551 Up Buy
CIPLA 593 607 602 597 592 587 582 572 Up Buy
COALINDIA 326 333 330 328 325 323 320 316 Up Buy
DRREDDY 3138 3209 3194 3166 3150 3123 3107 3064 Down Sell
EICHERMOT 23050 24098 23669 23360 22930 22621 22191 21453 Up Buy
GAIL 389 402 399 394 390 385 382 373 Down Sell
GRASIM 4850 5023 4948 4899 4825 4776 4701 4578 Up Buy
HCLTECH 785 809 800 792 783 775 766 749 Up Buy
HDFC 1394 1434 1425 1410 1401 1386 1377 1353 Down Sell
HDFCBANK 1298 1327 1316 1307 1295 1286 1275 1254 Up Buy
HEROMOTOCO 3592 3772 3708 3650 3585 3528 3463 3341 Up Buy
HINDALCO 143 153 150 147 144 141 138 133 Down Sell
HINDUNILVR 913 944 936 925 917 905 898 879 Down Sell
ICICIBANK 268 283 279 274 270 264 261 251 Down Sell
IDEA 85 89 87 86 85 84 82 80 Up Buy
INDUSINDBK 1176 1228 1212 1194 1178 1160 1144 1110 Down Sell
INFRATEL 350 364 359 355 350 346 341 332 Down Sell
INFY 1056 1094 1079 1067 1053 1041 1026 1000 Up Buy
ITC 262 271 267 264 260 258 253 246 Up Buy
KOTAKBANK 806 831 825 816 810 800 795 780 Down Sell
LT 1471 1521 1510 1491 1480 1460 1449 1419 Down Sell
LUPIN 1532 1576 1565 1549 1538 1521 1511 1484 Down Sell
M&M 1412 1458 1445 1428 1415 1398 1385 1354 Down Sell
MARUTI 5540 5763 5691 5616 5544 5469 5397 5251 Down Sell
NTPC 154 161 159 157 155 152 150 145 Down Sell
ONGC 250 258 255 253 250 248 245 240 Down Sell
POWERGRID 174 186 183 178 176 171 168 161 Down Sell
RELIANCE 1073 1126 1110 1091 1075 1057 1041 1006 Down Sell
SBIN 255 269 265 260 257 252 248 240 Down Sell
SUNPHARMA 783 804 799 791 786 778 773 761 Down Sell
TATAMOTORS 551 586 577 564 555 542 533 511 Down Sell
TATAMTRDVR 353 369 365 359 355 349 345 335 Down Sell
TATAPOWER 75 77 76 76 75 75 74 73 Down Sell
TATASTEEL 359 383 377 368 363 354 349 334 Down Sell
TCS 2368 2445 2411 2389 2355 2333 2299 2243 Up Buy
TECHM 464 479 474 469 464 459 454 444 Down Sell
ULTRACEMCO 3929 4155 4092 4010 3947 3865 3802 3657 Down Sell
WIPRO 480 486 484 482 480 478 476 471 Down Sell
YESBANK 1175 1303 1271 1223 1191 1143 1111 1030 Down Sell
ZEEL 521 552 544 533 525 513 505 485 Down Sell

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Contact Us
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Research Associate
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19th September, 2016
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Research Associate
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