#ChoiceBroking #EquityBazaar

1. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Intraday
Today, We may witness mild positive opening in Nifty around 8084 level on
back of SGX Nifty and other Asian counters which is trading on positive note
today.
Nifty ended the volatile day of trade with a marginal cut on Friday, as overall
sentiment remained dampened after U.S. Federal Reserve Chair Janet Yellen
signaled an interest rate hike was imminent. Sharp plunge in the rupee
against the dollar too dampened the market sentiments. India dropped below
the 68-level against the dollar after nearly five months to trade at 68.18
during afternoon trade. The demonetisation effect also continued to weigh on
the bourses with both the Lok Sabha and Rajya Sabha witnessed continued
protests from the opposition about the demonetisation move. However,
losses remained capped with NITI Aayog Vice-Chairman Arvind Panagariya’s
statement that India can become a $10 trillion economy in the next 15 years,
like China did in last one and a half decade. He said there is much scope for
India to benefit from Chinese experience in the manufacturing sector and
make the country into a robust & steady economy. Market participants were
seen piling position in Oil & Gas, Realty and Power stocks, while selling was
witnessed in Consumer Durables, Metal and FMCG sector stocks. On the
global front, Asian equity markets ended on a mixed note on Friday, as
concerns that emerging markets will face capital outflows continued to haunt
investors. Sentiments took a hit after Federal Reserve Chair Janet Yellen
signaled the U.S. central bank is close to raising interest rates. China stocks
declined as energy and transport shares shed some recent gains, causing an
end to the main indexes' five-week winning streak.
The top gainers in Nifty index were NTPC, EICHERMOT, SUNPHARMA,
BHARTIARTL, HEROMOTOCO. While on the other hand, top losers were ZEEL,
ASIANPAINT, TATASTEEL, GAIL, INFRATEL.
21st November 2016
SENSEX 26,150 -0.30%
NIFTY 8,074 -0.07%
SGX Nifty* 8,088 0.12%
Global Indices
Dow Jones 18,868 -0.19%
Nasdaq 5,322 -0.23%
FTSE 6,776 -0.28%
DAX 10,665 -0.20%
Straits Times 2,835 -0.14%
Nikkei 225 18,052 0.47%
Hang Seng 22,470 0.56%
Commodities
Gold 28,937 -0.67%
Silver 40,388 -0.87%
Natural Gas 194 4.49%
Crude Oil 3,143 -0.73%
Currency
Dollar / Rupee 68.13 0.46%
Euro / Rupee 72.17 0.00%
Pound / Rupee 84.16 0.00%
Volumes Rs.mn
Cash BSE 24,120 -9.33
Cash NSE 176,408 -3.40
FII Activities Rs.Cr.
Purchase Sale Net
5423.24 8,105 -2681.87
MF Activities Rs.Cr.
Purchase Sale Net
8118.9 5,049 3069.7
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
21st November 2016
L1 L2 L3
R 8119 8164 8200
S 8039 8003 7958
21 DEMA 8407
50 DEMA 8527
100 DEMA 8477
Moving Averages
L1 L2 L3
R 19151 19343 19470
S 18832 18705 18513
21 DEMA 19394
50 DEMA 19382
100 DEMA 18986
Moving Averages
 Nifty has traded entire week on negative note and from momentum perspective it was high volatile
trading session.
 After a strong 5 bear candle Nifty has formed indecisive candle which indicates pause after steep
selling.
 Momentum oscillator RSI has breached its previous low and entered below 30 level which is
considered as oversold territory
 Going forward, as nifty breached its previous day low further negativity can be expected upto 8050 to
8000 level and on higher side resistance will be around 8160 level.
 Bank Nifty seems to losing its strength as its counterparts are facing resistance at higher level.
 After steep decline in previous trading session, Index has formed indecisiveness candle which is placed
at 100 DMA.
 Momentum oscillator RSI has breached below its average line which indicate negative crossover.
 Going forward, further sustainability below 19000 level will infuse further negativity and on downside
support lies at 18800 level.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The India VIX slipping by 4.84% and reached 17.80. The Nifty
was down by 5.85 points or 0.07% to settle at 8,074.10.
From the most active contracts, ICICI Bank futures traded at
a premium of 1.15 points at 264.75 compared with spot
closing of 263.60. State Bank of India futures traded at a
premium of 0.30 points at 276.00 compared with spot
closing of 275.70. Punjab National Bank futures traded at a
premium of 0.35 points at 149.95 compared with spot
closing of 149.60. Vedanta futures traded at a discount of 0.5
points at 203.85 compared with spot closing of 203.90.
Hindalco Industries futures traded at a discount of 0.25
points at 165.95 compared with spot closing of 166.20.
The Nifty PCR finally stood at 0.62 for November month
contract. The top five scrips with highest PCR on OI were JSW
Steel (0.92), Cummins India (0.89), UBL (0.88), Oil India (0.88)
and Bank of Baroda (0.86).
21st November 2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
PETRONET 377.35 8.14 12.47 383.94
ULTRACEMCO 3381.90 1.58 11.48 3429.61
AMARAJABAT 934.50 0.89 5.01 945.12
SYNDIBANK 70 0.79 4.79 71.01
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
ASHOKLEY 79.65 0.89 -14.67 80.34
TATAGLOBAL 120.00 0.97 -12.32 121.13
IDBI 71.85 2.20 -11.76 73.02
TORNTPHARM 1311 4.02 -10.85 1341.14
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
SRF 1430.45 -2.52 9.37 1470.18
VOLTAS 293.50 -3.01 6.80 297.13
SBIN 276.00 -0.81 4.70 277.89
FEDERALBNK 71.4 -2.86 3.88 72.66
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
HINDUNILVR 803.20 -1.21 -20.35 809.45
CENTURYTEX 750.95 -2.59 -18.18 761.95
GAIL 428.10 -1.88 -14.12 434.00
TATAMOTORS 470.85 -0.43 -7.64 475.28
ONGC SHORT STRADDLE

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
21st November 2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1311 1350 1334 1323 1307 1295 1279 1252 Up Buy
ADANIPORTS 262 276 271 267 262 257 252 243 Up Buy
AMBUJACEM 198 209 205 201 197 193 188 180 Up Buy
ASIANPAINT 900 948 939 919 910 890 881 851 Down Sell
AUROPHARMA 722 744 736 729 721 714 705 690 Up Buy
AXISBANK 473 484 482 477 475 470 468 461 Down Sell
BAJAJ-AUTO 2580 2627 2603 2592 2568 2557 2533 2498 Up Buy
BANKBARODA 177 185 181 179 176 174 170 165 Up Buy
BHARTIARTL 303 316 310 307 301 297 292 283 Up Buy
BHEL 134 138 137 136 134 133 131 129 Up Buy
BOSCHLTD 19300 19897 19619 19460 19183 19023 18746 18309 Up Buy
BPCL 641 660 653 647 641 634 628 615 Up Buy
CIPLA 549 571 563 556 549 542 534 520 Up Buy
COALINDIA 306 314 312 309 306 304 301 296 Down Sell
DRREDDY 3210 3381 3319 3265 3203 3149 3087 2972 Up Buy
EICHERMOT 21765 23226 22580 22172 21527 21119 20474 19421 Up Buy
GAIL 427 454 448 437 431 421 415 398 Down Sell
GRASIM 819 852 838 829 815 805 791 768 Up Buy
HCLTECH 761 795 787 774 766 753 745 723 Down Sell
HDFC 1250 1278 1270 1260 1252 1242 1233 1215 Down Sell
HDFCBANK 1212 1256 1246 1229 1219 1202 1192 1165 Down Sell
HEROMOTOCO 2934 3038 2991 2963 2916 2888 2841 2767 Up Buy
HINDALCO 166 175 172 169 166 163 161 155 Down Sell
HINDUNILVR 800 831 823 811 803 792 784 765 Down Sell
ICICIBANK 264 274 272 268 265 261 258 252 Down Sell
IDEA 71 75 73 72 71 70 68 66 Up Buy
INDUSINDBK 1104 1157 1143 1124 1110 1091 1078 1045 Down Sell
INFRATEL 352 371 365 358 353 346 341 329 Down Sell
INFY 918 944 939 928 923 913 907 891 Down Sell
ITC 228 235 233 231 229 226 225 220 Down Sell
KOTAKBANK 779 797 791 785 779 774 768 756 Up Buy
LT 1370 1403 1392 1381 1371 1360 1350 1328 Down Sell
LUPIN 1419 1444 1435 1427 1418 1410 1400 1383 Up Buy
M&M 1240 1277 1262 1251 1236 1225 1210 1184 Up Buy
MARUTI 4940 5093 5041 4991 4939 4889 4837 4735 Up Buy
NTPC 159 169 165 162 157 154 149 141 Up Buy
ONGC 275 281 280 277 275 273 271 267 Down Sell
POWERGRID 192 198 197 194 193 190 189 185 Down Sell
RELIANCE 986 1003 998 992 987 981 976 966 Down Sell
SBIN 276 284 282 279 277 274 272 267 Down Sell
SUNPHARMA 687 729 711 699 681 669 650 620 Up Buy
TATAMOTORS 470 487 480 475 468 463 456 444 Up Buy
TATAMTRDVR 299 311 306 302 297 294 289 281 Up Buy
TATAPOWER 70 72 72 71 70 69 69 67 Down Sell
TATASTEEL 385 436 424 405 393 373 362 331 Down Sell
TCS 2126 2195 2173 2149 2127 2104 2081 2035 Down Sell
TECHM 442 459 454 448 443 437 432 421 Down Sell
ULTRACEMCO 3373 3557 3481 3427 3351 3297 3221 3091 Up Buy
WIPRO 437 451 447 442 437 433 428 418 Down Sell
YESBANK 1180 1216 1201 1190 1175 1165 1150 1124 Up Buy
ZEEL 446 485 476 461 452 437 427 403 Down Sell

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Contact Us
www.choicebroking.in
Kkunal Parar
Sr. Research Associate
kkunal.parar@choiceindia.com
Vikas Chaudhari
Research Associate
vikas.chaudhari@choiceindia.com
www.choicebroking.incustomercare@choiceindia.com
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POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock /
Instrument (s): - No.
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
21st November 2016
Kapil Shah
Research Associate
kapil.shah@choiceindia.com
Kkunal Parar
Digitally signed by Kkunal Parar
DN: cn=Kkunal Parar, o=Choice Equity
Broking Pvt Ltd., ou=Research Dept.,
email=kkunal.parar@choiceindia.com, c=IN
Date: 2016.11.21 08:22:56 +05'30'