#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 8030 level on
back of SGX Nifty and other Asian counters which is trading on mixed note
today.
The Indian benchmark -- Nifty wiped out all its early gains in last hour of trade
to end marginally lower on account of profit booking at higher level. After
getting a gap-up start market traded in narrow band with a gain of over half a
percent as sentiments remained optimistic on report that India’s exports in
June rose 1.27 per cent to $22.57 billion, snapping 18-month downward spiral
to supported the market. Some support also came with Reliance Industries
reporting better-than-expected Q1 numbers. The company reported 18 per
cent jump in June quarter net profit. Consolidated net profit at Rs 7,113 crore
was 18.1 per cent higher than Rs 6,024 crore in the same period last fiscal.
However, market turned entered into negative terrain in last leg of trade as
traders opted to book profit at higher level keeping a close watch on the
monsoon session of Parliament which started today amid hopes the
government will be able to pass the Goods and Services Tax Bill that is now
stuck in the Upper House. Some cautiousness crept in with the industry body
Assocham’s statement that government and the main opposition party should
get the long-stalled Constitutional Amendment Bill on GST passed in the Rajya
Sabha in first few days of the monsoon session of Parliament.
On global front, Asian markets ended mostly in green following a failed coup
attempt in Turkey as energy and financial companies advanced. European
markets, after a positive start, were exhibiting mixed trend. Back home,
selling pressure in heavyweights like HDFC, Bharti Airtel, Reliance Industries,
HUL and ICICI Bank too dampened sentiments. Telecom stocks too ended
lower after Idea Cellular and Bharti Airtel slashed mobile internet rates to
offer more value to customers. Finally nifty settled with a cut of over one
third of a percent and a loss of 32.70 points.
28th Dec 2016
SENSEX 26,213 1.55%
NIFTY 8,032 1.54%
SGX Nifty* 8,035 0.22%
Global Indices
Dow Jones 19,945 0.06%
Nasdaq 5,487 0.44%
FTSE - -
DAX 11,472 0.19%
Straits Times 2,893 0.24%
Nikkei 225 19,409 0.03%
Hang Seng 21,558 -0.07%
Commodities
Gold 27,170 0.49%
Silver 39,118 1.55%
Natural Gas 256 1.45%
Crude Oil 3,676 2.01%
Currency
Dollar / Rupee 68.07 0.48%
Euro / Rupee 71.13 0.10%
Pound / Rupee 83.53 0.16%
Volumes Rs.mn
Cash BSE 23,849 284.00
Cash NSE 1,43,767 9.32
FII Activities Rs.Cr.
Purchase Sale Net
1120 3,038 -1918
MF Activities Rs.Cr.
Purchase Sale Net
5489 5,066 423
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 Dec 2016
L1 L2 L3
R 8083 8134 8224
S 7942 7852 7801
21 DEMA 8662
50 DEMA 8710
100 DEMA 8565
Moving Averages
L1 L2 L3
R 17985 18092 18276
S 17694 17510 17403
21 DEMA 19464
50 DEMA 19614
100 DEMA 18983
Moving Averages
 Nifty opened on mild positive note but as day passes Nifty kept on gathering strength and closed at
day high.
 From candlestick perspective index has formed strong bull candle, it can be due to short covering
ahead of expiry.
 Momentum oscillator RSI has moved above its average line which indicates positive breath.
 Going forward, further extension of current movement can be expected upto 8080 level.
 After a violation of strong support of 18000 level Bank nifty has decline but it had taken support at 50
WMA and posted decent one day bounce.
 From candlestick perspective index has formed strong bull candle it indicates bulls has dominated entire
trading session.
 RSI has formed double bottom on daily chart and it is on wedge to move above its average line.
 Going forward relief rally can extend but can face resistance around 18000 level.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
28th Dec 2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1296 1326 1309 1302 1291 1285 1273 1255 Up Buy
ADANIPORTS 268 288 277 272 265 261 254 242 Up Buy
AMBUJACEM 203 212 207 205 201 199 196 191 Up Buy
ASIANPAINT 875 901 886 881 872 866 858 843 Up Buy
AUROPHARMA 644 691 665 655 639 629 613 587 Up Buy
AXISBANK 436 451 443 439 435 432 427 420 Up Buy
BAJAJ-AUTO 2637 2764 2691 2664 2617 2590 2543 2470 Up Buy
BANKBARODA 151 159 154 153 149 148 144 140 Up Buy
BHARTIARTL 300 317 307 304 297 294 288 278 Up Buy
BHEL 119 126 122 121 118 117 115 111 Up Buy
BOSCHLTD 20200 22017 20967 20583 19917 19533 18867 17817 Up Buy
BPCL 616 643 627 621 611 606 596 580 Up Buy
CIPLA 563 584 573 568 561 557 550 539 Up Buy
COALINDIA 290 303 295 292 287 285 280 272 Up Buy
DRREDDY 3040 3135 3078 3059 3021 3002 2964 2907 Up Buy
EICHERMOT 20759 21703 21165 20962 20627 20424 20089 19551 Up Buy
GAIL 424 446 435 430 425 420 415 405 Down Sell
GRASIM 810 849 830 820 810 800 790 771 Up Buy
HCLTECH 804 846 823 814 800 791 777 755 Up Buy
HDFC 1236 1279 1254 1245 1228 1219 1203 1177 Up Buy
HDFCBANK 1186 1208 1195 1191 1182 1178 1169 1156 Up Buy
HEROMOTOCO 3016 3186 3097 3056 3007 2967 2918 2828 Up Buy
HINDALCO 156 171 162 159 154 151 145 136 Up Buy
HINDUNILVR 806 827 816 811 804 799 792 780 Up Buy
ICICIBANK 254 267 259 256 252 249 244 236 Up Buy
IDEA 70 74 72 71 69 69 67 65 Up Buy
INDUSINDBK 1060 1092 1075 1068 1059 1051 1043 1027 Up Buy
INFRATEL 331 349 339 335 330 326 320 310 Up Buy
INFY 997 1037 1015 1006 993 984 971 949 Up Buy
ITC 235 252 242 238 231 228 221 210 Up Buy
KOTAKBANK 711 732 721 716 711 705 700 690 Down Sell
LT 1357 1409 1379 1368 1349 1338 1318 1288 Up Buy
LUPIN 1442 1530 1481 1462 1433 1413 1384 1336 Up Buy
M&M 1163 1219 1189 1176 1159 1146 1129 1099 Up Buy
MARUTI 5217 5431 5311 5264 5191 5144 5070 4950 Up Buy
NTPC 160 164 162 161 160 159 158 156 Down Sell
ONGC 190 196 193 191 189 188 186 183 Up Buy
POWERGRID 181 190 185 183 180 178 175 169 Up Buy
RELIANCE 1065 1100 1080 1072 1060 1052 1040 1019 Up Buy
SBIN 249 261 254 251 247 244 240 234 Up Buy
SUNPHARMA 621 638 628 625 619 615 609 600 Up Buy
TATAMOTORS 466 487 475 471 464 459 453 441 Up Buy
TATAMTRDVR 296 314 304 300 294 290 285 275 Up Buy
TATAPOWER 74 76 75 74 73 73 72 71 Up Buy
TATASTEEL 393 423 406 399 388 382 371 354 Up Buy
TCS 2323 2408 2360 2341 2311 2293 2263 2214 Up Buy
TECHM 468 495 481 475 467 461 453 439 Up Buy
ULTRACEMCO 3150 3349 3235 3193 3121 3079 3007 2893 Up Buy
WIPRO 464 485 473 469 461 457 450 438 Up Buy
YESBANK 1129 1188 1154 1141 1120 1108 1087 1053 Up Buy

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
28th Dec 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: 2016.12.28 08:53:39 +05'30'