#ChoiceBroking #EquityBazaar - Today, We may witness mild negative opening in Nifty around 8686 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 mild negative opening in Nifty around 8686 level on
back of SGX Nifty and other Asian counters which is trading on negative note
today.
Erasing all its initial gains, Indian benchmark -- Nifty -- ended marginally in red
on Tuesday. Profit booking which took place in last leg of trade mainly
dragged the market below its neutral lines. After a positive start, market hold
their gains and traded in a narrow range throughout the session, as investor
got some support with the statement of Ravindra Dholakia, one of the three
government appointees to the newly formed Monetary Policy Committee
(MPC) that there will be no tug of war in the MPC. The tax department just
within the week after the first meeting of the GST Council has come out with
three draft rules and their formats relating to registration, invoice and
payments which would be finalized by week-end. Beside, some support also
came with the report that the government is working on a bouquet of
reforms to play to the country's core strengths of technology, leisure travel
and medical tourism. The commerce department has circulated a cabinet
note on domestic reforms to enhance earnings from services exports,
detailing measures that can be implemented after due deliberations.
However, traders opted to book profit at higher levels and market entered
into red terrain, after WTO estimates showed that world trade will grow more
slowly than expected in 2016, expanding by just 1.7%, well below the April
forecast of 2.8%. The forecast for 2017 has also been revised, with trade now
expected to grow between 1.8% and 3.1%, down from 3.6% previously.
Trader also remained wary ahead of September series derivatives expiry and
upcoming monetary policy review on October 4. Though, market trimmed
some of its losses in dying hour to end marginally in red with a cut of around
20 points.
The top gainers in Nifty index were AUROPHARMA, TCS, LUPIN, YESBANK,
AMBUJACEM. While on the other hand, top losers were ADANIPORTS,
HINDALCO, BHARTIARTL, BPCL. LT.
28th September, 2016
SENSEX 28,224 -0.25%
NIFTY 8,706 -0.19%
SGX Nifty* 8,703 -0.24%
Global Indices
Dow Jones 18,228 0.73%
Nasdaq 5,306 0.91%
FTSE 6,808 -0.15%
DAX 10,361 -0.31%
Straits Times 2,858 -0.07%
Nikkei 225 16,427 -1.57%
Hang Seng 23,376 -0.84%
Commodities
Gold 30,978 -1.13%
Silver 45,494 -2.21%
Natural Gas 204 -0.39%
Crude Oil 2,975 -3.63%
Currency
Dollar / Rupee 66.48 -0.18%
Euro / Rupee 74.40 -0.08%
Pound / Rupee 86.27 -0.21%
Volumes Rs.mn
Cash BSE 28,901 -15.87
Cash NSE 190,950 -4.34
FII Activities Rs.Cr.
Purchase Sale Net
6177.85 5,193 984.51
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
28th September, 2016
L1 L2 L3
R 8753 8800 8831
S 8675 8644 8597
21 DEMA 8760
50 DEMA 8650
100 DEMA 8442
Moving Averages
L1 L2 L3
R 19650 19782 19868
S 19433 19348 19216
21 DEMA 19742
50 DEMA 19294
100 DEMA 18566
Moving Averages
 Index has formed lower top on daily time frame, Nifty continued to spill its negative moment in
previous
 Nifty has breached tiny rising band and breach previous day low which demonstrate further negativity
on chart.
 Negative DMI took dominant position and raised above 25 level which indicate strengthening trend on
lower side.
 Going forward, sustainability below 8680 level can lead to further correction and on higher side 8750
to 8760 range can act as 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 opened on negative note and grinded in sideways till mid noon and in later part we had
witnessed selling pressure.
 Bank Nifty has breached its 21 DMA and upward sloping trend line which is negative development on
chart from short term perspective.
 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 contraction by 2.16% and reached 14.25. The
Nifty was down by 16.65 points or 0.19% to settle at
8,706.40.
From the most active contracts, State Bank of India
September 2016 futures traded at a premium of 0.70 points
at 249.65 compared with spot closing of 248.95. ICICI Bank
September 2016 futures traded at a premium of 0.60 points
at 260.80 compared with spot closing of 260.20. Axis Bank
September 2016 futures traded at a discount of 0.25 points
at 542.50 compared with spot closing of 542.75. Sun
Pharmaceuticals September 2016 futures traded at a
discount of 0.50 points at 770.15 compared with spot closing
of 770.65. HDFC Bank September 2016 futures traded at a
premium of 1.35 points at 1300.15 compared with spot
closing of 1,298.80.
The Nifty PCR finally stood at 1.19 for September month
contract. The top five scrips with highest PCR on OI were
MRF (3.00), EICHERMOT (2.54), NIITTECH (1.68), MARUTI
(1.51) and CEATLTD (1.18).
28th September, 2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
MARICO 280.65 0.48 -83.25 282.03
COLPAL 979.40 0.67 -78.65 985.09
IBULHSGFIN 813.70 0.06 -75.53 818.13
JSWSTEEL 1761 0.09 -56.33 1770.87
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
GRASIM 4834.65 -0.39 -52.08 4861.73
RECLTD 243.95 -2.09 -51.42 247.54
TATACOMM 525.30 -0.14 -49.74 528.13
IDBI 70.80 -1.32 -49.18 71.58
MARUTI COVERED PUT

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
28th September, 2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1608 1640 1632 1620 1612 1600 1592 1572 Down Sell
ADANIPORTS 265 281 277 271 267 261 257 248 Down Sell
AMBUJACEM 258 271 266 262 257 253 248 239 Up Buy
ASIANPAINT 1196 1223 1213 1205 1194 1186 1176 1157 Up Buy
AUROPHARMA 861 897 881 871 855 845 829 803 Up Buy
AXISBANK 543 568 561 552 545 537 530 514 Down Sell
BAJAJ-AUTO 2876 2970 2949 2913 2891 2855 2833 2776 Down Sell
BANKBARODA 164 171 169 167 165 163 161 157 Down Sell
BHARTIARTL 315 328 325 320 317 312 309 301 Down Sell
BHEL 141 147 145 143 142 140 138 135 Down Sell
BOSCHLTD 22741 23513 23306 23024 22817 22535 22328 21839 Down Sell
BPCL 613 645 637 625 617 604 596 576 Down Sell
CIPLA 606 619 615 611 606 602 598 589 Up Buy
COALINDIA 332 341 339 336 334 331 329 323 Down Sell
DRREDDY 3191 3254 3237 3214 3197 3174 3157 3117 Down Sell
EICHERMOT 24690 25237 25043 24867 24673 24497 24303 23933 Up Buy
GAIL 372 383 381 377 374 370 368 361 Down Sell
GRASIM 4836 4974 4936 4886 4849 4799 4761 4673 Down Sell
HCLTECH 797 819 809 803 794 788 778 762 Up Buy
HDFC 1420 1444 1433 1427 1416 1410 1399 1382 Up Buy
HDFCBANK 1300 1317 1312 1306 1300 1295 1289 1278 Down Sell
HEROMOTOCO 3452 3551 3526 3489 3463 3426 3400 3338 Down Sell
HINDALCO 151 160 158 154 152 149 146 140 Down Sell
HINDUNILVR 900 916 908 904 897 893 885 874 Up Buy
ICICIBANK 260 269 267 263 261 258 256 251 Down Sell
IDEA 80 82 81 80 80 79 78 77 Down Sell
INDUSINDBK 1208 1239 1227 1218 1205 1196 1183 1162 Up Buy
INFRATEL 361 385 378 369 362 354 346 331 Down Sell
INFY 1043 1067 1059 1051 1042 1034 1026 1009 Up Buy
ITC 247 253 251 249 247 245 243 239 Down Sell
KOTAKBANK 786 811 805 795 789 779 773 757 Down Sell
LT 1444 1514 1495 1470 1451 1425 1406 1361 Down Sell
LUPIN 1514 1547 1533 1523 1509 1500 1486 1462 Up Buy
M&M 1372 1408 1399 1386 1377 1363 1355 1333 Down Sell
MARUTI 5515 5677 5638 5577 5538 5477 5438 5338 Down Sell
NTPC 153 156 155 154 152 151 150 148 Up Buy
ONGC 248 257 254 251 249 246 243 238 Down Sell
POWERGRID 176 180 179 178 177 175 174 172 Down Sell
RELIANCE 1111 1142 1134 1122 1114 1103 1095 1076 Down Sell
SBIN 249 258 256 252 250 247 245 239 Down Sell
SUNPHARMA 771 787 782 777 771 766 761 750 Down Sell
TATAMOTORS 534 552 547 540 535 529 524 512 Down Sell
TATAMTRDVR 338 353 349 343 340 334 331 321 Down Sell
TATAPOWER 75 78 77 76 75 74 73 71 Down Sell
TATASTEEL 368 381 378 373 370 365 362 354 Down Sell
TCS 2437 2503 2476 2456 2429 2409 2382 2335 Up Buy
TECHM 448 460 457 452 449 445 442 434 Down Sell
ULTRACEMCO 3912 4030 4003 3957 3930 3884 3857 3784 Down Sell
WIPRO 484 492 489 486 483 480 477 471 Up Buy
YESBANK 1250 1269 1260 1255 1247 1242 1233 1219 Up Buy
ZEEL 532 555 550 541 535 526 520 505 Down Sell

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
vikas.chaudhari@choiceindia.com
www.choicebroking.incustomercare@choiceindia.com
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28th September, 2016
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Kapil Shah
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Date: 2016.09.28 09:04:30 +05'30'