#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 8405 level
on back of SGX Nifty and other Asian counters which is trading on
positive note today.
Nifty ended positive on Monday as hopes grew that the upcoming
Budget on February 1st would contain steps that can ease the
impact of the cash ban. Some support also came with Finance
ministry’s statement that demonetisation will lead to a wider tax
base and lower interest rates, thus paving the way for sustainable
faster economic growth.
Finance Minister Arun Jaitley not to implement Goods and Services
Tax (GST) in a hurry and threatened to take legal recourse in case
their concerns are not addressed, claiming that demonetisation has
affected country’s growth.
During the session , traders were seen piling up positions in Metal,
Media and PSU stocks, while selling was witnessed in Pharma and
Private Banking stocks. The top gainers from the F&O segment were
BEML, United Spirits and Hindalco. On the other hand, the top
losers were Divi's Laboratories, JSW Energy and Amara Raja
Batteries.
SENSEX 27,117 0.30%
NIFTY 8,391 0.50%
SGX Nifty* 8,432 0.21%
Global Indices
Dow Jones 19,735 0.24%
Nasdaq 5,552 -0.04%
FTSE 7,151 -0.66%
DAX 11,545 -0.73%
Straits Times 3,032 0.23%
Nikkei 225 18,877 -0.07%
Hang Seng 22,968 0.30%
Commodities
Gold 28,803 0.62%
Silver 41,692 0.64%
Natural Gas 220 -0.45%
Crude Oil 3,616 -0.61%
Currency
Dollar / Rupee 68.20 0.03%
Euro / Rupee 73.23 0.03%
Pound / Rupee 85.29 0.04%
Volumes Rs.mn
Cash BSE 30,949 20.18
Cash NSE 176,671 -11.55
FII Activities Rs.Cr.
Purchase Sale Net
5108.19 5,748 -639.66
MF Activities Rs.Cr.
Purchase Sale Net
6595.2 4,481 2114.1
Indian Markets
*Sources- Bloomberg, Moneycontrol, Zeebusiness, livemint
24th
Jan-17

2. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Outlook
Bank Nifty Outlook
 In previous trading session Index has breached 8370 level but on very next day it has recovered from
lower level and closed around 8400 level
 Nifty has validated its resistance of 100 day moving average which represents its intermediation
trend.
 Momentum oscillator RSI has faced resistance at 67 level which is very near to overbought zone and
crossed below its average line.
 Going forward index may extend its gain but likely to face resistance around 8450 to 8470 range.
 As we can see from past 3 days Nifty bank again stuck in range and in past couple of trading session
Index is underperforming.
 From candle stick perspective Index has formed mild bull candle but it does not contain any predictive
value.
 Momentum oscillator RSI has faced resistance at 67 level which is very near to overbought zone and
crossed below its average line.
 Going forward further upside momentum can be seen but likely to have stiff resistance level around
19100 level.
21 DEMA 8292
100 DEMA 8314
250 DEMA 8237
Moving Averages
L1 L2 L3
R 8417 8443 8483
S 8351 8311 8285
L1 L2 L3
R 18926 19010 19112
S 18740 18638 18554
21 DEMA 18617
100 DEMA 18646
250 DEMA 18184
Moving Averages
24th
Jan-17

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1340 1371 1354 1347 1336 1329 1319 1302 Up Buy
ADANIPORTS 286 297 292 289 286 284 281 276 Down Sell
AMBUJACEM 220 229 224 222 220 217 215 210 Up Buy
ASIANPAINT 961 996 980 970 964 955 948 932 Down Sell
AUROPHARMA 693 722 706 700 690 684 675 659 Up Buy
AXISBANK 445 461 453 449 445 441 437 429 Down Sell
BAJAJ-AUTO 2709 2763 2733 2721 2703 2691 2673 2643 Up Buy
BANKBARODA 155 163 159 157 155 153 151 147 Down Sell
BHARTIARTL 320 332 326 323 319 316 312 306 Up Buy
BHEL 128 134 131 130 128 127 126 123 Up Buy
BOSCHLTD 21390 22010 21639 21515 21268 21144 20898 20527 Up Buy
BPCL 676 714 694 685 673 665 653 632 Up Buy
CIPLA 574 598 587 581 577 570 567 556 Down Sell
COALINDIA 304 312 308 306 304 302 301 297 Down Sell
DRREDDY 2930 3043 2987 2958 2931 2902 2875 2819 Down Sell
EICHERMOT 22675 23443 23078 22877 22713 22512 22348 21983 Down Sell
GAIL 470 498 483 477 469 462 454 440 Up Buy
GRASIM 884 932 904 894 877 867 849 822 Up Buy
HCLTECH 859 914 882 870 849 838 817 784 Up Buy
HDFC 1262 1312 1282 1272 1252 1242 1222 1192 Up Buy
HDFCBANK 1248 1273 1259 1253 1245 1239 1230 1216 Up Buy
HEROMOTOCO 3101 3199 3143 3122 3086 3065 3030 2973 Up Buy
HINDALCO 182 199 189 186 179 175 169 159 Up Buy
HINDUNILVR 859 890 874 867 859 852 844 829 Down Sell
ICICIBANK 257 271 265 261 258 254 251 245 Down Sell
IDEA 74 79 76 75 73 71 69 66 Up Buy
INDUSINDBK 1234 1273 1250 1242 1227 1219 1204 1181 Up Buy
INFRATEL 348 363 356 352 349 345 342 335 Down Sell
INFY 953 986 968 961 950 943 932 914 Up Buy
ITC 260 268 263 262 258 256 253 248 Up Buy
KOTAKBANK 736 768 750 743 733 725 715 697 Up Buy
LT 1393 1458 1427 1410 1396 1379 1365 1334 Down Sell
LUPIN 1476 1566 1520 1498 1474 1452 1428 1382 Up Buy
M&M 1187 1244 1217 1202 1190 1175 1163 1135 Down Sell
MARUTI 5696 5822 5753 5725 5684 5656 5615 5546 Up Buy
NTPC 170 177 174 172 170 168 167 164 Down Sell
ONGC 200 209 204 202 200 197 195 191 Up Buy
POWERGRID 201 207 204 202 201 199 197 194 Down Sell
RELIANCE 1018 1057 1039 1029 1021 1010 1003 984 Down Sell
SBIN 255 264 258 257 253 252 248 243 Up Buy
SUNPHARMA 634 663 650 642 637 629 624 612 Down Sell
TATAMOTORS 533 554 542 538 530 526 519 507 Up Buy
TATAMTRDVR 334 347 340 337 332 329 324 316 Up Buy
TATAPOWER 78 80 79 78 78 77 77 75 Down Sell
TATASTEEL 462 486 472 467 459 454 445 432 Up Buy
TCS 2307 2401 2347 2327 2293 2273 2240 2186 Up Buy
TECHM 470 489 478 474 467 463 456 445 Up Buy
ULTRACEMCO 3527 3702 3614 3571 3526 3482 3438 3349 Up Buy
WIPRO 481 504 491 486 479 473 466 454 Up Buy
YESBANK 1385 1439 1408 1397 1378 1366 1347 1317 Up Buy
ZEEL 484 513 496 490 479 473 462 445 Up Buy
24th
Jan-17

4. 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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Amit Pathania
Research Associate
amit.pathania@choiceindia.com
Kapil Shah
Research Associate
kapil.shah@choiceindia.com
24th
Jan-17
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: 2017.01.24 09:06:21 +05'30'