#ChoiceBroking #EquityBazaar - Today, We may witness gap up opening in Nifty around 8699 level on back of SGX Nifty and other Asian counters which is trading on positive note today.

1. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Intraday
Today, We may witness gap up opening in Nifty around 8699 level on back of
SGX Nifty and other Asian counters which is trading on positive note today.
Buoyed by firm global cues, Nifty traded jubilantly on Tuesday and finished
the session with a gain of above one and half percent. After a gap up opening,
there appeared not even an iota of profit booking in the session, as the
benchmarks fervently gained from strength to strength, as investors
continued hunt for fundamentally strong stocks. Sentiment remained upbeat
with private report stating that India’s current account deficit is likely to stay
below 1 per cent of GDP this year, largely due to a sharp fall in the trade
deficit as against last year. Some support also came after NITI Aayog Vice-
Chairman Arvind Panagariya called for building ecosystems to take India on a
high-growth trajectory to create wealth and eliminate poverty. Panagariya
stated that the liberalization and foreign investment as the few key policies
changed the growth dynamics of Indian economy. Beside, expectation of RBI
cutting interest rates again early next year too aided sentiments. A further
rate cut would help the Indian government in its efforts to boost economic
growth to above 8%. Investors were keeping an eye on the crucial three-day
meeting of the all-powerful GST Council, starting today, which will decide on
the tax rate and sort out issues like compensation formula for rollout of the
new indirect tax regime from April 1, 2017. On the global front, European
markets were trading sharply higher with Germany’s DAX, Britain's FTSE 100
and France's CAC 40 indices gaining over a percent each. Asian markets ended
in green, ahead of major data from China this week that could confirm some
signs of a stronger than expected third quarter in the world’s second largest
economy.
The top gainers in Nifty index were ADANIPORTS, HDFC, ICICIBANK, TECHM,
TATASTEEL. While on the other hand, top losers were INFRATEL, ONGC,
ASIANPAINT, BPCL ,ULTRACEMCO.
19th October, 2016
SENSEX 28,051 1.86%
NIFTY 8,678 1.81%
SGX Nifty* 8,689 0.24%
Global Indices
Dow Jones 18,162 0.42%
Nasdaq 5,244 0.84%
FTSE 7,000 0.75%
DAX 10,632 1.20%
Straits Times 2,837 0.21%
Nikkei 225 16,985 0.12%
Hang Seng 23,371 -0.10%
Commodities
Gold 29,786 0.27%
Silver 42,175 0.72%
Natural Gas 218 0.60%
Crude Oil 3,378 0.36%
Currency
Dollar / Rupee 66.72 -0.25%
Euro / Rupee 73.24 0.00%
Pound / Rupee 81.90 -0.16%
Volumes Rs.mn
Cash BSE 72,107 85.64
Cash NSE 219,309 5.23
FII Activities Rs.Cr.
Purchase Sale Net
5738.31 7,015 -1276.37
MF Activities Rs.Cr.
Purchase Sale Net
9283.4 7,087 2196.3
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
19th October, 2016
L1 L2 L3
R 8723 8769 8853
S 8594 8510 8465
21 DEMA 8658
50 DEMA 8633
100 DEMA 8609
Moving Averages
L1 L2 L3
R 19617 19739 19966
S 19268 19041 18919
21 DEMA 19443
50 DEMA 19365
100 DEMA 19282
Moving Averages
 Index has taken support at 100 day moving average and reversed from there, recovery was unexpected
and renewed its sentiment.
 Nifty has opened half way above precious bear candle which indicate strong upside surge after
creating bearish sentiment.
 Momentum oscillator RSI has moved above its average line as stock has formed strong bull candle.
 Going forward, Nifty seems to changed its sentiment with one day move however need to see price
action at 8680 level around as it is gap gown area and 38.2% retracement level.
 As strong performance seen in banking stock, index has shown strong upside move . Relatively it has
outperformed broader index.
 19100 level again came to rescue the index as it has proved to be floor for the market.
 Index has recovered upto 38.2% retracement level which of previous entire falls. This level coincide with
various reversal points
 Going forward, 19500 level is key area to watch for as development around this level will clear way
ahead.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The India VIX contraction by 7.14% and reached 14.53. The
Nifty was up by 157.50 points or 1.85% to settle at 8,677.90.
From the most active contracts, SBI October 2016 futures
traded at a premium of 1.10 points at 257.80 compared with
spot closing of 256.70. The numbers of contracts traded
were 14,918. ICICI Bank October 2016 futures traded at a
premium of 0.90 points at 270.15 compared with spot
closing of 269.25. Axis Bank October 2016 futures traded at a
premium of 0.15 points at 532.80 compared with spot
closing of 532.65. HDFC Bank October 2016 futures traded at
a premium of 3.70 points at 1259.85 compared with spot
closing of 1,256.15. Reliance Industries October 2016 futures
traded at a premium of 0.90 points at 1081.90 compared
with spot closing of 1,081.00.
The Nifty PCR finally stood at 0.96 for October month
contract. The top five scrips with highest PCR on OI were
OFSS (2.00), LT (1.50), APOLLOHOSP (1.33), ICICIBANK (1.10)
and CEATLTD (1.03).
19th October, 2016
HCLTECH COVERED CALLLong Built Up
Symbol Close Price Chng % OI Chng % Buy Above
HINDZINC 246.05 2.07 19.79 249.32
HAVELLS 431.60 1.68 19.15 436.11
ARVIND 358.80 2.34 15.46 364.45
MRF 51826.7 3.75 14.69 53022.31
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
HDFC 1355.50 3.72 -6.50 1373.63
ORIENTBANK 127.60 3.53 -5.44 129.20
CROMPGREAV 76.25 2.49 -5.37 76.92
HINDPETRO 439.7 0.46 -5.25 443.12
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
MINDTREE 478.30 -2.29 13.76 486.67
PETRONET 401.80 -0.31 6.61 406.02
ASIANPAINT 1179.15 -0.43 5.10 1188.51
OIL 411.05 -0.90 2.94 416.25
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
IOC 321.95 -49.83 -3.31 324.47
TATACOMM 640.00 -0.30 -1.60 645.73
ONGC 276.65 -0.66 -0.82 278.75

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
19th October, 2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1616 1653 1636 1626 1608 1598 1581 1553 Up Buy
ADANIPORTS 268 292 280 274 263 257 245 228 Up Buy
AMBUJACEM 251 262 257 254 249 246 241 233 Up Buy
ASIANPAINT 1175 1218 1206 1190 1178 1163 1150 1122 Down Sell
AUROPHARMA 835 871 854 845 828 819 802 776 Up Buy
AXISBANK 533 554 544 538 528 523 513 497 Up Buy
BAJAJ-AUTO 2795 2873 2841 2818 2787 2764 2732 2678 Up Buy
BANKBARODA 156 162 159 158 155 153 150 145 Up Buy
BHARTIARTL 308 323 315 312 304 301 293 282 Up Buy
BHEL 136 143 140 138 135 133 131 126 Up Buy
BOSCHLTD 22382 22953 22758 22570 22375 22187 21992 21609 Up Buy
BPCL 657 682 673 665 655 647 638 620 Up Buy
CIPLA 591 608 601 596 589 584 577 566 Up Buy
COALINDIA 312 317 316 314 313 311 310 307 Down Sell
DRREDDY 3045 3092 3073 3059 3040 3026 3007 2974 Up Buy
EICHERMOT 25102 25835 25528 25315 25007 24795 24487 23967 Up Buy
GAIL 430 443 439 435 431 426 422 414 Down Sell
GRASIM 980 996 990 985 979 974 967 956 Up Buy
HCLTECH 833 867 852 842 827 818 803 778 Up Buy
HDFC 1355 1424 1391 1373 1340 1322 1289 1237 Up Buy
HDFCBANK 1255 1285 1272 1264 1251 1243 1230 1209 Up Buy
HEROMOTOCO 3407 3491 3463 3435 3408 3379 3352 3296 Down Sell
HINDALCO 152 158 156 154 152 150 148 143 Up Buy
HINDUNILVR 854 865 861 857 853 849 845 837 Up Buy
ICICIBANK 269 286 279 274 267 262 255 243 Up Buy
IDEA 73 77 75 74 73 71 70 67 Up Buy
INDUSINDBK 1212 1234 1226 1219 1212 1205 1198 1183 Down Sell
INFRATEL 354 374 369 362 356 349 344 331 Down Sell
INFY 1039 1057 1049 1044 1036 1031 1022 1009 Up Buy
ITC 245 254 250 248 244 241 238 232 Up Buy
KOTAKBANK 775 792 786 781 775 770 764 753 Down Sell
LT 1482 1540 1516 1499 1475 1458 1434 1393 Up Buy
LUPIN 1482 1535 1511 1497 1473 1459 1435 1397 Up Buy
M&M 1333 1357 1346 1339 1328 1322 1311 1294 Up Buy
MARUTI 5620 5715 5680 5650 5615 5585 5550 5485 Up Buy
NTPC 148 151 150 149 148 147 146 145 Up Buy
ONGC 277 287 284 280 277 274 271 265 Down Sell
POWERGRID 177 181 179 178 176 175 174 171 Up Buy
RELIANCE 1080 1108 1095 1088 1075 1067 1054 1033 Up Buy
SBIN 257 262 260 258 256 255 252 248 Up Buy
SUNPHARMA 743 757 751 747 741 737 732 722 Up Buy
TATAMOTORS 554 563 560 557 553 550 546 539 Up Buy
TATAMTRDVR 363 374 370 366 362 359 354 347 Up Buy
TATAPOWER 79 81 80 79 78 78 77 76 Up Buy
TATASTEEL 426 445 436 431 422 417 407 393 Up Buy
TCS 2399 2486 2451 2425 2390 2364 2329 2268 Up Buy
TECHM 424 460 445 435 420 410 395 370 Up Buy
ULTRACEMCO 4006 4105 4077 4042 4014 3979 3951 3888 Down Sell
WIPRO 484 499 491 488 480 477 469 458 Up Buy
YESBANK 1293 1350 1323 1308 1282 1266 1240 1198 Up Buy
ZEEL 515 545 532 524 511 502 490 468 Up Buy

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 October, 2016
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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: 2016.10.19 08:43:03 +05'30'