#ChoiceBroking #EquityBazaar : Today, We may witness gap down opening in Nifty around 8120 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 gap down opening in Nifty around 8120 level on
back of SGX Nifty and other Asian counters which is trading on mixed note
today.
Nifty ended higher amid volatile trade on Friday on account of persistent
buying by funds and retail investors, supported by firm global cues and
favorable macro-economic data. Investors' sentiment remained upbeat with
report that India's current account deficit (CAD) for the full fiscal 2015-16
narrowed to $22.1 billion or 1.1 percent of GDP, against $26.8 billion, or 1.3
percent of GDP, in 2014-15 on the back of contraction in the trade deficit.
Also, CAD narrowed sharply to $0.3 billion or 0.1 percent of GDP, in the
fourth quarter of 2015-16 from $7.1 billion or 1.3 percent, in the third
quarter, on account of lower trade gap. The country's trade deficit for the
entire fiscal narrowed to $130.1 billion from $144.9 billion in 2014-15.
Investors also took some encouragement with the Economic Affairs
Secretary Shaktikanta Das' statement that the FDI inflows in the current
fiscal will top 15.3 percent rise in 2015-16 on the back of reforms and
liberalisation of FDI norms. Stating that the CAD at 1.1 per cent of GDP is a
'robust macro economic indicator', he said efforts will continue on the
reforms front. However, gains remained capped with the report that India's
monsoon deficit has widened to 25% since the beginning of this month as
rainfall in the past day was less than half of the normal level, increasing the
anxiety of farmers although forecasters say that heavy showers are just a
few days away.
The top gainers in Nifty index were BHARTIARTL, TATAMOTORS,
TATAMTRDVR, HDFC, POWERGRID. While on the other hand, top losers
were TATAPOWER, INFRATEL, SUNPHARMA, TATASTEEL, DRREDDY.
20th June,2016
SENSEX 26,626 0.38%
NIFTY 8,170 0.36%
SGX Nifty* 8,101 -0.69%
Global Indices
Dow Jones 17,675 -0.33%
Nasdaq 4,800 -0.93%
FTSE 6,021 1.17%
DAX 9,631 0.84%
Straits Times 2,792 1.02%
Nikkei 225 15,944 2.16%
Hang Seng 20,328 0.78%
Commodities
Gold 30,602 -0.02%
Silver 41,362 -0.78%
Natural Gas 176 0.46%
Crude Oil 3,246 1.88%
Currency
Dollar / Rupee 67.08 -0.19%
Euro / Rupee 75.64 0.04%
Pound / Rupee 96.32 0.04%
Volumes Rs.mn
Cash BSE 28,305 -0.72
Cash NSE 177,110 -3.46
FII Activities Rs.Cr.
Purchase Sale Net
3972.25 3,743 229.23
MF Activities Rs.Cr.
Purchase Sale Net
11150.5 7,173 3977.6
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 17696 with gain of 0.30%. Bank Nifty opened on mild positive note but not able to
sustain at higher level.
 Bank Nifty has formed inside or harami pattern which is negative sign on initial stage but further
confirmation required.
 Among Bank Nifty index 8 banking stock ended on negative note, mild profit taking has been observed
in leading private sector bank and PSB’s.
 Going forward, sustainability above 18000 level can lead to further positive momentum as it is acting
major hurdle as of now. On downside support will be in range of 17400 to 17350 level.
20th June,2016
 Nifty opened on mild positive note but was not able to sustain at higher level, it kept on sliding from
morning high with mild negative bias.
 Nifty closed at 8170 level with gain of 65 points or 0.36%. From candlestick perspective Nifty has
formed inside candle, Nifty has witnessed a volatile session.
 Nifty continued to take support at 21 day short term moving average which valued around 8080 level, it
was 3rd consecutive event where bulls came into picture.
 Going forward, Broader range for Nifty seems to be in the range of 8100 to 8300 range. Nifty has
downside support at 8060 to 8080 level and on higher side resistance will be around 8220 to 8240 level.
L1 L2 L3
R 8198 8226 8257
S 8139 8108 8080
21 DEMA 8105
50 DEMA 7935
100 DEMA 7666
Moving Averages
L1 L2 L3
R 17137 17960 18077
S 17578 17460 17329
21 DEMA 17470
50 DEMA 16880
100 DEMA 15965
Moving Averages

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The VIX decreased by 1.96% and reached 17.35. The Nifty was up by
29.45 points or 0.36% to settle at 8,170.20.
Nifty June 2016 futures closed at 8174.40 on Friday at a premium of
4.20 points. Nifty June futures saw addition of 0.002 million (mn)
units, taking the total outstanding open interest (OI) to 17.06 million
(mn) units. Among Nifty calls, 8200 SP from the June month expiry
was the most active call with an addition of 0.01 million open
interests. Among Nifty puts, 8100 SP from the June month expiry was
the most active put with an addition of 0.23 million open interests.
The maximum OI outstanding for Calls was at 8300 SP 6.51 mn and
that for Puts was at 8000 SP 7.89 mn. From the most active contracts,
SBI June 2016 futures traded at a premium of 0.95 points at 213.85
ICICI Bank June 2016 futures traded at a premium of 0.20 points at
239.00 . DLF June 2016 futures traded at a premium of 0.50 points at
134.70 . HDIL June 2016 futures traded at a premium of 0.50 points at
103.00 . Axis Bank June 2016 futures traded at a premium of 2.30
points at 528.65 .
The Nifty PCR finally stood at 1.22 for June month contract. The top
five scrips with highest PCR on OI were Indo Count Industries (1.55),
Apollo Hospital (1.49), Hindalco (1.31), Indusind Bank (1.20) and
CONCOR(1.20).
20th June,2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
IOB 27.45 3.58 10.39 28.02
HDIL 103.00 6.96 9.33 105.48
PIDILITIND 704.90 0.51 8.47 711.03
POWERGRID 157.2 1.45 7.37 158.88
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
DIVISLAB 1114.50 0.17 -16.16 1123.19
UBL 753.05 0.93 -7.65 761.19
PETRONET 286.20 0.76 -7.20 287.96
ORIENTBANK 100 4.22 -6.59 102.08
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
INFRATEL 339.40 -2.99 13.82 345.59
BATAINDIA 529.55 -1.56 10.71 535.07
VOLTAS 321.25 -1.14 5.85 324.92
TATAPOWER 73.9 -3.34 5.76 75.31
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
BEL 1260.20 -0.68 -9.96 1268.97
CEATLTD 832.20 -3.03 -9.34 846.70
MINDTREE 632.35 -0.09 -6.86 635.27
COLPAL 858.9 -1.13 -4.89 864.80
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
20th June,2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1556 1583 1568 1562 1553 1547 1538 1524 Up Buy
ADANIPORTS 207 214 211 209 208 206 204 201 Down Sell
AMBUJACEM 235 242 239 237 235 234 232 229 Down Sell
ASIANPAINT 1000 1045 1024 1012 1003 991 982 961 Down Sell
AUROPHARMA 725 766 748 736 730 719 713 695 Down Sell
AXISBANK 526 547 538 532 528 523 519 510 Down Sell
BAJAJ-AUTO 2572 2639 2606 2589 2572 2555 2539 2505 Down Sell
BANKBARODA 150 160 155 153 151 148 146 142 Down Sell
BHARTIARTL 358 383 368 363 354 349 339 325 Up Buy
BHEL 122 127 125 123 122 121 120 117 Down Sell
BOSCHLTD 21970 22679 22330 22150 21980 21801 21631 21282 Down Sell
BPCL 1003 1045 1027 1015 1008 996 989 970 Down Sell
CIPLA 484 498 492 488 486 482 480 474 Down Sell
COALINDIA 312 325 318 315 312 309 305 299 Up Buy
DRREDDY 3000 3222 3127 3063 3032 2968 2936 2841 Down Sell
EICHERMOT 18725 19202 18983 18854 18765 18636 18546 18327 Down Sell
GAIL 387 395 391 389 386 384 382 377 Up Buy
GRASIM 4310 4417 4369 4339 4321 4291 4273 4225 Down Sell
HCLTECH 752 766 759 755 752 748 745 737 Up Buy
HDFC 1223 1274 1249 1236 1223 1210 1198 1172 Down Sell
HDFCBANK 1171 1196 1184 1178 1172 1165 1159 1147 Down Sell
HEROMOTOCO 3023 3109 3070 3046 3031 3008 2993 2954 Down Sell
HINDALCO 119 124 121 120 119 118 117 114 Down Sell
HINDUNILVR 877 903 890 884 878 872 866 854 Down Sell
ICICIBANK 239 253 246 242 239 235 232 225 Up Buy
IDEA 101 104 103 102 101 100 99 97 Up Buy
INDUSINDBK 1102 1143 1121 1111 1098 1089 1076 1054 Up Buy
INFRATEL 338 374 357 347 341 331 324 308 Down Sell
INFY 1179 1218 1200 1190 1182 1172 1165 1147 Down Sell
ITC 359 369 364 361 358 356 353 348 Up Buy
KOTAKBANK 749 777 765 757 753 745 741 729 Down Sell
LT 1475 1543 1514 1494 1484 1464 1454 1424 Down Sell
LUPIN 1461 1507 1486 1473 1465 1452 1444 1423 Down Sell
M&M 1344 1389 1368 1356 1348 1336 1327 1306 Down Sell
MARUTI 4093 4244 4180 4136 4115 4072 4050 3986 Down Sell
NTPC 153 156 154 154 152 152 150 148 Up Buy
ONGC 211 216 214 212 211 210 209 206 Down Sell
POWERGRID 157 166 161 159 156 154 151 146 Up Buy
RELIANCE 973 991 982 978 974 969 965 957 Down Sell
SBIN 213 226 220 216 214 211 208 202 Down Sell
SUNPHARMA 741 783 764 753 746 735 728 710 Down Sell
TATAMOTORS 464 479 471 467 462 459 454 445 Up Buy
TATAMTRDVR 312 321 316 314 312 309 307 302 Down Sell
TATAPOWER 74 82 78 76 74 72 70 66 Down Sell
TATASTEEL 325 347 337 331 328 322 318 308 Down Sell
TCS 2600 2692 2641 2620 2590 2569 2539 2488 Up Buy
TECHM 534 556 546 540 536 530 526 517 Down Sell
ULTRACEMCO 3287 3390 3343 3315 3296 3268 3249 3202 Down Sell
WIPRO 550 561 556 553 551 548 546 541 Down Sell
YESBANK 1067 1097 1082 1075 1067 1060 1052 1037 Down Sell
ZEEL 450 470 461 456 453 447 444 435 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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20th June,2016
Kapil Shah
Research Associate
kapil.shah@choiceindia.com
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: 2016.06.20 09:00:11 +05'30'