#ChoiceBroking #EquityBazaar

1. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Intraday
Today, We may witness flat opening in Nifty around 8622 level on back of SGX
Nifty and other Asian counters which is trading on negative note today.
Nifty ended the Monday’s trade with a cut of almost half a percent. Soon
after a positive start market entered into red terrain and never looked
confident during the session to end near intraday lows, as sentiments
remained downbeat after the government appointed Urjit Patel as the next
RBI governor. Patel is known for his hawkish view on inflation just like
Raghuram Rajan whose term as the RBI governor will end on September 4,
2016. Weakness in rupee too dampened sentiment. Indian rupee depreciated
at fresh three-week low against the dollar at the forex market following
increased demand for the American currency from importers and banks.
Traders failed to get any sense of relief with Francis Gurry, director-general at
the World Intellectual Property Organization stating that India can break into
the top-25 rank in the next 10 years. Market participants also overlooked the
global rating agency Moody’s Investors Service latest report that it may
consider India for a rating upgrade if the government is successful in
introducing more growth enhancing economic and institutional reform.
Policies like relaxation of thresholds for Foreign Direct Investment (FDI) and a
change in the monetary policy framework that fosters credibility will
contribute to more stable economic environment. On global front, European
markets were trading with a cut of around half a percent on speculation over
a possible US rate hike before the end of the year. Asian stocks ended mixed
amid uncertainty whether the US Federal Reserve is readying an interest rate
hike next month.
The top gainers in Nifty index were HINDUNILVR, ZEEL, ITC, BHEL, IDEA. While
on the other hand, top losers were GRASIM, AUROPHARMA, AMBUJACEM,
LUPIN, ACC.
23rd August,2016
SENSEX 27,986 -0.33%
NIFTY 8,629 -0.44%
SGX Nifty* 8,621 -0.08%
Global Indices
Dow Jones 18,529 -0.12%
Nasdaq 5,245 0.12%
FTSE 6,829 -0.45%
DAX 10,494 -0.48%
Straits Times 2,836 -0.18%
Nikkei 225 16,561 -0.22%
Hang Seng 22,951 -0.20%
Commodities
Gold 31,370 -0.11%
Silver 44,494 -2.14%
Natural Gas 180 2.67%
Crude Oil 3,216 -2.36%
Currency
Dollar / Rupee 67.19 0.19%
Euro / Rupee 76.13 0.13%
Pound / Rupee 88.25 -0.02%
Volumes Rs.mn
Cash BSE 30,500 -12.95
Cash NSE 181,653 -10.59
FII Activities Rs.Cr.
Purchase Sale Net
5326.44 4,921 405.87
MF Activities Rs.Cr.
Purchase Sale Net
7514.5 6,325 1190
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
23rd August,2016
L1 L2 L3
R 8671 8714 8742
S 8600 8572 8530
21 DEMA 8628
50 DEMA 8445
100 DEMA 8162
Moving Averages
L1 L2 L3
R 19465 19599 19705
S 19224 19118 18984
21 DEMA 18924
50 DEMA 18439
100 DEMA 17555
Moving Averages
 Month long consolidation continued to be in the range of 8500 to 8700 range. Nifty opened on
positive note and moved higher in initial ticks but did not sustain at higher level and came down.
 Despite of volatility at higher level and often down tick, bulls has not lost its dominance as it has not
breached its previous day low. There were few attempt for higher side push but strength was not
enough to take out its initial hour high.
 In Average Directional Index pane, still bulls show dominance but it is flattening and 21 day moving
average still proving support to market
 Going forward, Nifty seems to be in tight range. None of either party has strength to gain ground. As of
now Nifty is sustaining above 21 DMA which hold a bullish sentiment. Sustainability below it can invite
further selling.
 Index has crossed its immediate hurdle of 19100 level but thereafter it was miss follow up buying.
 Index open on positive note and but not able to sustain at higher level. It came down and there was no
any meaningful recovery. Out of 12 banking index 8 ended on negative note.
 From momentum oscillator perspective directional index has given positive cross over, it indicate that
there is shift of dominance from bear to bull. Due to less volatility dominance is switching often.
 Going ahead, Bank Nifty is approaching to its upper part of consolidation phase of 19100 level.
Sustainability above can improve sentiment for index.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The India VIX contraction by 2.08% and reached 14.23. The Nifty
was down by 37.75 points or 0.44% to settle at 8,629.15.
From the most active contracts, State Bank of India August 2016
futures traded at a premium of 1.10 points at 255.25 compared
with spot closing of 254.15. ICICI Bank August 2016 futures
traded at a discount of 0.20 points at 252.30 compared with spot
closing of 252.50. Bank of Baroda August 2016 futures traded at
a premium of 0.10 points at 160.40 compared with spot closing
of 160.30. HDFC Bank August 2016 futures traded at a discount
of 2.35 points at 1249.60 compared with spot closing of
1,251.95. Tata Steel August 2016 futures traded at a premium of
1.25 points at 388.55 compared with spot closing of 387.30
The Nifty PCR finally stood at 0.90 for August month contract.
The top five scrips with highest PCR on OI were ICIL (2.50),
YESBANK (1.72), PCJEWELLER (1.30), BHARATFORG (1.26) and
JSWSTEEL (1.19).
23rd August,2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
IGL 730.35 4.13 13.96 Long BU
JETAIRWAYS 545.05 1.20 1.03 Long BU
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
TITAN 403.90 0.20 -44.33 406.73
ITC 254.10 1.07 -40.32 255.55
HDFC 1377.30 0.54 -39.31 1384.67
HDFCBANK 1249.6 0.20 -37.01 1254.72
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
TATACHEM 532.40 -2.37 -65.41 538.21
MARICO 294.45 -2.13 -43.65 297.22
BAJAJ-AUTO 2926.40 -0.35 -40.63 2940.50
JPASSOCIAT 11.05 -1.34 -37.38 11.20
VOLTAS BULL SPREAD
View - Bullish
Max. Profit of Rs. 14500 , Max. Loss of Rs. 5500
Expiry Date - 25th August 2016
Option
BUY/
SELL
QTY
STRIKE
PRICE
SERIES
OPTION
TYPE
Premium
BUY 2000 370 AUGUST CE 6.40
SELL 2000 380 AUGUST CE 3.65
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
310.00 330.00 350.00 370.00 390.00 410.00

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
23rd August,2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1655 1619 1590 1595 1669 1641 1628 1587 Down Sell
ADANIPORTS 271 223 216 217 273 267 262 251 Down Sell
AMBUJACEM 270 263 259 260 272 268 265 258 Down Sell
ASIANPAINT 1113 1045 1025 1030 1113 1105 1097 1081 Up Buy
AUROPHARMA 747 765 747 751 755 737 727 698 Down Sell
AXISBANK 582 577 569 570 584 577 573 563 Down Sell
BAJAJ-AUTO 2930 2763 2706 2755 2929 2909 2887 2845 Up Buy
BANKBARODA 160 167 158 159 160 158 155 151 Up Buy
BHARTIARTL 351 380 361 363 350 347 343 336 Up Buy
BHEL 144 145 139 140 144 141 138 133 Down Sell
BOSCHLTD 23730 24177 23800 24100 23890 23485 23241 22592 Down Sell
BPCL 596 563 552 554 598 591 587 575 Down Sell
CIPLA 557 517 505 507 558 551 546 533 Down Sell
COALINDIA 336 324 319 321 335 332 328 322 Up Buy
DRREDDY 3016 3610 3544 3561 3008 2991 2966 2924 Up Buy
EICHERMOT 21794 19999 19800 19907 21767 21574 21354 20942 Up Buy
GAIL 365 399 386 387 365 362 360 355 Down Sell
GRASIM 4491 4849 4772 4786 4544 4437 4384 4224 Down Sell
HCLTECH 769 725 715 724 774 760 751 729 Down Sell
HDFC 1378 1386 1338 1345 1372 1363 1349 1326 Up Buy
HDFCBANK 1252 1239 1223 1225 1249 1244 1236 1222 Up Buy
HEROMOTOCO 3335 3295 3240 3252 3336 3306 3277 3218 Down Sell
HINDALCO 156 141 136 137 156 155 154 151 Down Sell
HINDUNILVR 930 947 910 911 925 917 903 881 Up Buy
ICICIBANK 253 271 263 263 252 249 246 240 Up Buy
IDEA 95 113 103 105 94 94 93 91 Up Buy
INDUSINDBK 1185 1145 1127 1130 1191 1178 1171 1152 Down Sell
INFRATEL 339 359 351 357 342 336 332 323 Down Sell
INFY 1016 1085 1055 1081 1018 1007 997 977 Down Sell
ITC 254 250 248 249 254 252 250 247 Up Buy
KOTAKBANK 774 783 769 780 775 768 762 749 Down Sell
LT 1491 1604 1565 1575 1491 1478 1466 1441 Down Sell
LUPIN 1540 1690 1660 1665 1549 1531 1521 1493 Down Sell
M&M 1442 1482 1464 1468 1446 1431 1419 1392 Down Sell
MARUTI 4835 4564 4432 4456 4853 4810 4784 4715 Down Sell
NTPC 163 157 155 155 165 161 158 152 Down Sell
ONGC 239 229 217 218 240 237 235 229 Down Sell
POWERGRID 182 166 163 163 182 181 180 178 Down Sell
RELIANCE 1010 1039 1002 1003 1012 1005 1000 987 Down Sell
SBIN 254 234 228 229 256 252 250 243 Down Sell
SUNPHARMA 767 781 771 778 772 760 752 732 Down Sell
TATAMOTORS 504 505 490 491 507 500 496 486 Down Sell
TATAMTRDVR 332 322 313 313 334 329 326 317 Down Sell
TATAPOWER 77 72 70 71 78 76 75 73 Down Sell
TATASTEEL 387 379 364 365 388 384 381 374 Down Sell
TCS 2554 2469 2431 2431 2561 2528 2503 2445 Down Sell
TECHM 466 510 503 505 468 462 459 450 Down Sell
ULTRACEMCO 3854 3548 3483 3500 3876 3825 3796 3717 Down Sell
WIPRO 515 554 545 551 516 513 511 505 Down Sell
YESBANK 1341 1184 1170 1174 1341 1333 1324 1308 Up Buy
ZEEL 511 475 460 462 508 504 497 486 Up Buy

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Contact Us
www.choiceindia.com
Kunal Parmar
Sr. Research Associate
kunal.parmar@choiceindia.com
Vikas Chaudhari
Research Associate
vikas.chaudhari@choiceindia.com
www.choiceindia.comcustomercare@choiceindia.com
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Instrument (s): - No.
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
23rd August,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: 2016.08.23 08:56:55 +05'30'