#ChoiceBroking #EquityBazaar : Today, We may witness flat opening in Nifty around 8727 level on back of SGX Nifty and other Asian counters which is trading on negative note today.

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 8727 level on back of SGX
Nifty and other Asian counters which is trading on negative note today.
Nifty finished the session in negative territory on Monday with a cut of over a
one percent amid weak global cues. After a gap down opening, market never
looked confident throughout the session and ended not only at intraday lows
but near one month lows, as investors remained on sidelines upcoming
monetary policy review on October 4, the first to be held under newly
appointed Reserve Bank of India (RBI) Governor Urjit Patel, amid expectations
of a 25 basis point cut in the repo rate. Traders also stayed away from
investing in risky assets ahead of September futures & options (F&O) expiry
on Thursday this week. Market participants failed to get any sense of relief
with Niti Aayog Vice-Chairman Arvind Panagariya’s statement that a good
monsoon, reforms and timely decision making at the Centre will definitely
push India’s growth beyond the 8 per cent mark in subsequent quarters of
this fiscal. Selling got intensified after European counters made a feeble start
on Monday, as investors trod cautiously ahead of an Organization of the
Petroleum Exporting Countries (OPEC) producers meeting in Algeria this
week. Finally, Nifty ended the session with a cut of over hundred points,
breaching its crucial 8,750 mark. On the global font, all the Asian markets
ended lower, as investors awaited Monday evening’s US presidential debate
between Donald Trump and Hillary Clinton, which will take place early on
Tuesday in Asian time zones. European markets were trading sluggish on
Monday, as investors remained cautious ahead of an Organization of the
Petroleum Exporting Countries (OPEC) producers meeting in Algeria this
week.
The top gainers in Nifty index were BPCL, COALINDIA, ZEEL, LUPIN, RELIANCE.
While on the other hand, top losers were ONGC, TATAMOTORS,
ICICIBANK,NTPC, IDEA.
27th September, 2016
SENSEX 28,294 -1.32%
NIFTY 8,723 -1.24%
SGX Nifty* 8,741 0.05%
Global Indices
Dow Jones 18,095 -0.92%
Nasdaq 5,257 -0.92%
FTSE 6,818 -1.34%
DAX 10,394 -2.24%
Straits Times 2,852 0.08%
Nikkei 225 16,490 -0.33%
Hang Seng 23,500 0.77%
Commodities
Gold 31,328 0.15%
Silver 46,501 -0.68%
Natural Gas 204 1.62%
Crude Oil 3,083 3.41%
Currency
Dollar / Rupee 66.60 -0.08%
Euro / Rupee 74.88 -0.09%
Pound / Rupee 86.43 0.01%
Volumes Rs.mn
Cash BSE 34,352 -11.27
Cash NSE 199,614 -18.94
FII Activities Rs.Cr.
Purchase Sale Net
7690.79 7,389 301.68
MF Activities Rs.Cr.
Purchase Sale Net
7749.9 5,954 1796.2
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
27th September, 2016
L1 L2 L3
R 8783 8844 8878
S 8689 8655 8594
21 DEMA 8766
50 DEMA 8648
100 DEMA 8437
Moving Averages
L1 L2 L3
R 19735 19877 19960
S 19509 19426 19283
21 DEMA 19765
50 DEMA 19285
100 DEMA 18547
Moving Averages
 After a consolidation and lackluster session Nifty has broken its range on lower side, it got dip cut in its
size.
 Nifty opened on gap down note and formed shaven top which indicate selling pressure was intense
and right from the opening bears were at play.
 Nifty seems to be overheated on overbought zone and time has emerged to cool of from higher levels.
 Going forward, further weakness can be there upto 8680 level and on higher side 8820 can be
immediate resistance.
 Bank Nifty seems to be in more bad share then Nifty as bank nifty counter parts showed earlier
weakness through their price action.
 Bank Nifty has breached its 21 DMA and upward sloping trend line which is negative development on
chart fro short term perspective.
 Out of 12 banking stock 9 has ended on negative note and only 3 stocks were able to sail in positive
territory.
 Going forward mild negative bias can be maintained upto 19400 to 19450 level where market has
traded in balance.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The India VIX addition by 9.95% and reached 14.56. The Nifty
was down by 108.50 points or 1.23% to settle at 8,723.05.
From the most active contracts, State Bank of India September
2016 futures traded at a premium of 0.30 points at 252.20
compared with spot closing of 251.90. ICICI Bank September
2016 futures traded at a premium of 0.30 points at 263.30
compared with spot closing of 263.00. Axis Bank September
2016 futures traded at a premium of 2.10 points at 549.10
compared with spot closing of 547.00. Tata Motors September
2016 futures traded at a premium of 1.40 points at 537.20
compared with spot closing of 535.80. Sun Pharmaceuticals
September 2016 futures traded at a premium of 2.65 points at
768.20 compared with spot closing of 765.55.
The Nifty PCR finally stood at 1.18 for September month
contract. The top five scrips with highest PCR on OI were MRF
(3.00), EICHERMOT (2.58), MARUTI (1.53), CEATLTD (1.21) and
CENTURYTEX (1.14).
27th September, 2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
HINDPETRO 429.85 2.64 -33.44 436.27
BEL 1267.10 1.40 -25.28 1280.28
RELIANCE 1109.35 0.59 -25.21 1119.42
IGL 772.4 1.16 -21.98 778.19
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
NHPC 25.45 -2.49 2.75 25.79
UNIONBANK 141.65 -2.55 0.53 143.29
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
TATACHEM 541.20 -1.31 -50.89 546.03
BHARTIARTL 320.45 -1.88 -49.68 324.48
TITAN 404.95 -1.27 -41.50 408.92
HDFC 1413.00 -0.92 -37.31 1420.05
ICICIBANK COVERED PUT

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
27th September, 2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1610 1646 1632 1621 1607 1596 1582 1557 Up Buy
ADANIPORTS 271 280 277 274 271 268 266 260 Down Sell
AMBUJACEM 255 262 260 258 256 253 251 247 Down Sell
ASIANPAINT 1182 1213 1204 1193 1184 1173 1164 1144 Down Sell
AUROPHARMA 837 859 854 845 840 831 826 812 Down Sell
AXISBANK 547 571 565 556 551 542 536 521 Down Sell
BAJAJ-AUTO 2889 2977 2955 2922 2900 2867 2845 2790 Down Sell
BANKBARODA 166 172 171 168 167 164 163 159 Down Sell
BHARTIARTL 320 335 332 326 322 316 313 303 Down Sell
BHEL 142 150 148 145 144 141 139 135 Down Sell
BOSCHLTD 22902 23863 23598 23250 22986 22637 22373 21760 Down Sell
BPCL 623 663 644 634 614 604 585 555 Up Buy
CIPLA 608 626 621 614 609 602 597 585 Down Sell
COALINDIA 334 342 338 336 332 330 326 320 Up Buy
DRREDDY 3191 3279 3250 3220 3191 3161 3132 3073 Up Buy
EICHERMOT 24640 25278 25137 24888 24747 24498 24357 23967 Down Sell
GAIL 376 395 391 383 379 371 367 355 Down Sell
GRASIM 4837 5014 4976 4907 4869 4799 4761 4654 Down Sell
HCLTECH 788 806 802 795 790 783 779 768 Down Sell
HDFC 1414 1446 1435 1424 1414 1403 1393 1372 Up Buy
HDFCBANK 1299 1323 1316 1307 1301 1292 1285 1270 Down Sell
HEROMOTOCO 3457 3593 3563 3510 3480 3427 3397 3315 Down Sell
HINDALCO 154 158 157 155 154 152 151 148 Up Buy
HINDUNILVR 895 938 926 910 898 883 871 844 Down Sell
ICICIBANK 263 274 271 267 265 260 258 251 Down Sell
IDEA 80 84 83 82 81 79 78 76 Down Sell
INDUSINDBK 1199 1228 1221 1210 1203 1192 1185 1167 Down Sell
INFRATEL 366 378 374 370 367 363 359 352 Down Sell
INFY 1036 1056 1050 1043 1037 1030 1024 1011 Down Sell
ITC 248 257 255 252 250 246 244 238 Down Sell
KOTAKBANK 787 802 798 792 788 782 778 769 Down Sell
LT 1464 1547 1530 1497 1479 1446 1429 1379 Down Sell
LUPIN 1498 1550 1526 1512 1489 1474 1451 1413 Up Buy
M&M 1378 1434 1422 1400 1388 1366 1354 1320 Down Sell
MARUTI 5558 5673 5649 5603 5579 5534 5510 5441 Down Sell
NTPC 152 161 159 155 153 150 148 143 Down Sell
ONGC 249 269 265 257 253 245 240 228 Down Sell
POWERGRID 175 181 180 177 176 174 173 169 Down Sell
RELIANCE 1106 1153 1141 1124 1112 1095 1083 1053 Down Sell
SBIN 252 258 256 254 252 250 249 245 Down Sell
SUNPHARMA 766 798 791 778 771 759 752 732 Down Sell
TATAMOTORS 536 562 556 546 540 530 524 507 Down Sell
TATAMTRDVR 343 359 355 349 345 339 335 325 Down Sell
TATAPOWER 76 78 77 76 76 75 74 73 Down Sell
TATASTEEL 370 383 380 375 372 367 364 355 Down Sell
TCS 2395 2435 2427 2411 2403 2387 2379 2355 Down Sell
TECHM 447 460 457 452 449 444 441 433 Down Sell
ULTRACEMCO 3929 4009 3983 3956 3931 3904 3878 3826 Down Sell
WIPRO 480 487 484 482 479 477 474 469 Up Buy
YESBANK 1235 1273 1258 1247 1231 1220 1205 1178 Up Buy
ZEEL 532 544 538 535 529 526 520 511 Up Buy

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Contact Us
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kkunal.parar@choiceindia.com
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Research Associate
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www.choicebroking.incustomercare@choiceindia.com
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27th September, 2016
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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: 2016.09.27 09:02:49 +05'30'