The document provides a daily market summary and outlook for the Indian stock market. It discusses the following key points: 1) The Nifty index opened significantly lower due to declines in global markets following Britain's vote to leave the EU and ended the day down over 2%. 2) Bank Nifty also closed lower by over 2% after opening with a large gap down. Support for both indices is seen at key retracement levels. 3) Derivatives data shows a rise in volatility and significant contraction in call open interest at the 8000 strike price for June expiry. 4) Technical indicators are provided identifying potential support and resistance levels for various stocks.

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 8030 level on
back of SGX Nifty and other Asian counters which is trading on positive note
today.
Nifty ended lower over two percent on Friday on the back of sustained
selling by investors in blue chips counters, tracking a meltdown in global
stocks after Britain in a historic referendum voted to exit the European
Union. Fears are also growing that other EU members too will push for
referendums, posing the biggest threat to the future of grouping since its
inception almost 60 years ago. Sentiment also remained down beat with
India Meteorological Department’s report that the monsoon rains in India
were 4% below average in the week ending June 22, 2016, narrowing the
deficit since the season started on June 8. The June-September monsoon
rains have remained 18% low so far. However, market managed to trim
some of their losses as Economic Affairs Secretary Shaktikanta Das
downplayed the fears and stated that Britain's decision to move out of the
28-member European Union (EU) won't significantly impact India's trade.
The secretary stated that both import and export are not going to be
impacted significantly and will be very marginal. Investors' sentiment was
echoed by some private reports that India stood as a bright spot with global
investors betting on the nation's strong economic fundamentals. On the
global front, Asian markets ended lower, as Britain voted to leave the
European Union in a shock referendum result, with the value of the pound
falling to its lowest level against the U.S. dollar since 1985.
The top gainers in Nifty index were GAIL, ASIANPAINT, M&M, BAJAJ-AUTO,
CIPLA .While on the other hand, top losers were
TATAMOTORS,TATAMTRDVR, TATASTEELL, HINDALCO, LT.
27th June,2016
SENSEX 26,398 -2.29%
NIFTY 8,089 -2.25%
SGX Nifty* 8,018 -0.75%
Global Indices
Dow Jones 17,401 -3.51%
Nasdaq 4,708 -4.29%
FTSE 6,139 -3.25%
DAX 9,557 -7.32%
Straits Times 2,724 -0.41%
Nikkei 225 15,159 1.37%
Hang Seng 20,074 -0.92%
Commodities
Gold 31,401 4.74%
Silver 42,392 2.84%
Natural Gas 185 -0.38%
Crude Oil 3,266 -2.73%
Currency
Dollar / Rupee 67.96 1.04%
Euro / Rupee 74.53 -0.79%
Pound / Rupee 90.80 -1.33%
Volumes Rs.mn
Cash BSE 39,682 73.74
Cash NSE 246,521 76.00
FII Activities Rs.Cr.
Purchase Sale Net
4098.74 4,246 -146.99
MF Activities Rs.Cr.
Purchase Sale Net
7063.1 5,002 2061
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 17426 with loss of -2.61%. Bank Nifty opened on huge gap down note and
thereafter moved lower but recovered substantially in later part of day.
 Bank Nifty formed strong bear candle, it had taken support at 17000 level which is previous top area
and 23.6% retracement level of previous rise.
 Among Bank Nifty index all banking stock ended on negative note, Some of leading stock has
witnessed dip cut in their size.
 Going forward, immediate resistance can be around 17550 level and on downside support will be
around 17000 level.
27th June,2016
 Nifty opened on huge gap down note, it was bloodbath on street. Nifty almost recouped half of its lost
ground.
 Nifty closed at 8088 level with loss of -181 points or -2.20%. From candlestick perspective Nifty has
formed hammer candle and break away gap.
 Nifty has breached its 21 day short term moving average. It has taken support at 61.8% retracement
level of previous up leg.
 Going forward, after silence of 19 trading session in the range of 8080 to 8260 range, nifty has given
breakout on downside. On higher side nifty has resistance at 8150 level and on downside support at
7980 to 7950 level.
L1 L2 L3
R 8151 8212 8324
S 7977 7865 7803
21 DEMA 8190
50 DEMA 7993
100 DEMA 7706
Moving Averages
L1 L2 L3
R 17137 17790 18121
S 17095 16764 16582
21 DEMA 17688
50 DEMA 17077
100 DEMA 16077
Moving Averages

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The VIX increased by 3.37% and reached 18.62. The Nifty was
down by 181.85 points or 2.20% to settle at 8,088.60.
Nifty June 2016 futures closed at 8086.90 on Friday at a discount
of 1.70 points. Nifty June futures saw contraction of 0.24 million
units, taking the total outstanding open interest (OI) to 15.88
million units. Among Nifty calls, 8100 SP from the June month
expiry was the most active call with an addition of 2.04 million
open interests. Among Nifty puts, 8000 SP from the June month
expiry was the most active put with a contraction of 1.46 million
open interests. The maximum OI outstanding for Calls was at 8400
SP 5.51 mn and that for Puts was at 8000 SP 6.58 mn. From the
most active contracts, SBI June 2016 futures traded at a premium
of 0.65 points at 211.65. ICICI Bank June 2016 futures traded flat.
Axis Bank June 2016 futures traded at a premium of 1.40 points at
510.40. Tata Motors June 2016 futures traded at a premium of
3.00 points at 450.70. Reliance Industries June 2016 futures
traded at a premium of 2.40 points at 950.95.
The Nifty PCR finally stood at 1.22 for June month contract. The
top five scrips with highest PCR on OI were INDUSINDBK (1.42),
HINDALCO (1.24), APOLLOHOSP (1.22), ICIL (1.21) and CONCOR
(1.14).
27th June,2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
ALBK 64.70 2.21 9.23 67.37
PNB 101.10 2.22 2.80 105.09
GODREJIND 380.25 1.66 1.91 390.16
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
AJANTPHARM 1476.50 1.81 -15.46 1509.91
EXIDEIND 166.45 1.87 -12.94 171.11
WOCKPHARMA 891.25 0.75 -10.31 919.33
PIDILITIND 690.95 0.32 -10.19 700.61
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
ICICIBANK 231.40 -4.28 5.44 235.66
TATASTEEL 313.50 -6.33 5.35 320.66
INDUSINDBK 1094.35 -1.30 4.02 1113.74
TATAMOTORS 450.7 -7.95 2.26 461.42
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
OIL 349.60 -2.59 -20.38 353.52
IGL 607.00 -0.13 -19.48 619.17
ACC 1568.35 -0.57 -18.55 1586.78
NIFTY 8086.9 -2.36 -18.25 8162.50

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
27th June,2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1569 1664 1610 1590 1556 1536 1502 1448 Up Buy
ADANIPORTS 203 216 208 206 200 198 193 185 Up Buy
AMBUJACEM 248 268 257 252 245 241 234 222 Up Buy
ASIANPAINT 990 1041 1012 1001 982 971 953 923 Up Buy
AUROPHARMA 704 773 733 719 693 679 653 613 Up Buy
AXISBANK 509 542 523 516 504 497 486 467 Up Buy
BAJAJ-AUTO 2662 2894 2764 2713 2634 2583 2504 2374 Up Buy
BANKBARODA 146 159 152 149 145 142 138 131 Up Buy
BHARTIARTL 355 377 366 360 354 349 343 332 Up Buy
BHEL 118 129 123 121 117 115 111 105 Up Buy
BOSCHLTD 21251 23673 22515 21883 21357 20725 20200 19042 Down Sell
BPCL 1014 1068 1040 1027 1011 998 983 955 Up Buy
CIPLA 477 508 490 483 471 465 453 435 Up Buy
COALINDIA 311 327 319 315 310 307 302 293 Up Buy
DRREDDY 3142 3295 3213 3178 3131 3096 3049 2967 Up Buy
EICHERMOT 18638 19907 19181 18909 18455 18183 17729 17003 Up Buy
GAIL 378 407 390 384 373 367 356 338 Up Buy
GRASIM 4276 4441 4360 4318 4279 4237 4198 4117 Down Sell
HCLTECH 742 784 761 751 737 728 714 691 Up Buy
HDFC 1225 1267 1242 1234 1217 1209 1192 1168 Up Buy
HDFCBANK 1161 1210 1185 1173 1160 1148 1135 1110 Up Buy
HEROMOTOCO 3052 3271 3150 3101 3028 2979 2906 2784 Up Buy
HINDALCO 117 131 124 120 116 113 109 101 Up Buy
HINDUNILVR 858 886 871 864 856 849 841 826 Up Buy
ICICIBANK 231 252 240 236 228 224 217 205 Up Buy
IDEA 100 106 102 101 99 98 95 92 Up Buy
INDUSINDBK 1091 1187 1133 1112 1079 1058 1025 970 Up Buy
INFRATEL 322 366 342 332 317 307 292 267 Up Buy
INFY 1191 1261 1222 1207 1183 1168 1144 1105 Up Buy
ITC 353 374 364 359 355 349 345 335 Down Sell
KOTAKBANK 732 782 754 743 727 716 700 672 Up Buy
LT 1426 1566 1499 1463 1432 1396 1365 1298 Down Sell
LUPIN 1464 1528 1492 1478 1457 1442 1421 1385 Up Buy
M&M 1383 1531 1448 1416 1365 1333 1282 1200 Up Buy
MARUTI 4084 4465 4240 4162 4014 3936 3789 3563 Up Buy
NTPC 149 161 154 151 147 145 141 134 Up Buy
ONGC 209 224 217 213 210 206 203 196 Down Sell
POWERGRID 155 165 160 157 154 152 148 143 Up Buy
RELIANCE 949 1012 980 965 949 933 917 886 Down Sell
SBIN 211 228 218 215 209 205 199 189 Up Buy
SUNPHARMA 754 813 782 768 751 737 720 689 Up Buy
TATAMOTORS 448 506 473 461 441 428 408 376 Up Buy
TATAMTRDVR 296 331 311 303 292 284 272 253 Up Buy
TATAPOWER 73 79 75 74 72 70 68 64 Up Buy
TATASTEEL 312 348 328 320 308 300 288 268 Up Buy
TCS 2568 2717 2638 2603 2558 2524 2479 2400 Up Buy
TECHM 508 553 530 519 506 495 483 459 Up Buy
ULTRACEMCO 3300 3545 3411 3356 3278 3222 3144 3011 Up Buy
WIPRO 556 575 564 560 554 549 543 533 Up Buy
YESBANK 1079 1158 1114 1096 1069 1052 1025 980 Up Buy
ZEEL 446 476 460 453 444 437 428 412 Up Buy

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
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27th June,2016
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Kapil Shah
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Date: 2016.06.27 09:06:15 +05'30'