#ChoiceBroking #Equitybazaar

1. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Intraday
Today, We may witness gap up opening in Nifty around 8260 level on back of
SGX Nifty and other Asian counters which is trading on positive note today.
Nifty ended the penultimate session of the F&O series expiry with a gain of
around a percent amid firm global cues. Sentiments remained up-beat after
the government asserted it has ‘enough’ support for passage of the GST bill in
the Monsoon session of Parliament that will commence from July 18 till
August 12. Further, emphasizing the GST Bill is in the larger interest of the
country, Naidu has said, government has a wider support and enough
numbers for GST but government would like to have all parties on board
because it will have an effect on states. Traders took some encouragement
with the Economic Affairs Secretary Shaktikanta Das’ statement that the India
is posed for a ‘big leap’ in growth which could touch 8 per cent in the current
fiscal on the back of normal monsoon. Additional support came after cabinet
cleared a big pay hike for over a crore government employees and
pensioners. The Seventh Pay Commission had recommended 23.55% overall
hike in salaries, allowances and pension for government employees.
Meanwhile, the cabinet has approved the National Mineral Exploration Policy
(NMEP) on Wednesday, which will pave the way for auction of 100
prospective mineral blocks, boosting India’s mining potential. It also cleared
the model Shops and Establishment Act that would allow cinema halls,
restaurants, shops, banks and other such workplaces to be open 24X7. On the
global front, Asian markets rallied on hopes that authorities will unveil fresh
stimulus to counter the effects of Britain's shock vote to leave the European
Union.
The top gainers in Nifty index were BOSCHLTD, HEROMOTOCO, NTPC, BHEL ,
WIPRO .While on the other hand, top losers were LUPIN, COALINDIA, ITC,
BANKBARODA, BHARTIARTL.
30th June,2016
SENSEX 26,740 0.81%
NIFTY 8,204 0.93%
SGX Nifty* 8,264 0.67%
Global Indices
Dow Jones 17,695 1.61%
Nasdaq 4,779 1.83%
FTSE 6,360 3.45%
DAX 9,612 1.72%
Straits Times 2,845 1.83%
Nikkei 225 15,695 0.82%
Hang Seng 20,804 1.77%
Commodities
Gold 31,315 0.00%
Silver 43,202 1.98%
Natural Gas 193 -1.03%
Crude Oil 3,336 3.30%
Currency
Dollar / Rupee 67.68 -0.40%
Euro / Rupee 74.97 -0.01%
Pound / Rupee 90.45 -0.04%
Volumes Rs.mn
Cash BSE 26,995 2.43
Cash NSE 175,096 2.59
FII Activities Rs.Cr.
Purchase Sale Net
5321.78 5,301 21.16
MF Activities Rs.Cr.
Purchase Sale Net
8760.3 6,481 2279.1
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 opened on positive note and closed at 17689 with gain of 0.72%. Index has wiped out all
concern which was raised due to BREXIT fear.
 Bank Nifty continued to gain its ground, it had taken support at 17000 level which is previous top area
and 23.6% retracement level of previous rise. Post BREXIT index continued to rise in stair step move.
 Among Bank Nifty index 11 banking stock ended on positive note, private sector banks seems to be in
action however mild round of profit booking has been observed in PSU banks.
 Going forward, immediate resistance can be around 17900 to 1800 level and on downside support will
be around 17500 level.
30th June,2016
 Nifty has opened on positive note and moved higher thereafter, Index has wiped out all concern which
was raised due to BREXIT fear.
 Nifty closed at 8204 level with gain of 74 points or 0.94%. From candlestick perspective Nifty has
formed bull candle.
 Nifty has retested its 21 day short term moving average. Momentum oscillator RSI has risen from 56
level.
 Going forward, as Index has closed above 8200 level so it has entered into positive territory but real test
of bull’s strength will come around 8300 level which is acting as stiff resistance.
L1 L2 L3
R 8225 8246 8280
S 8170 8137 8116
21 DEMA 8186
50 DEMA 8008
100 DEMA 7724
Moving Averages
L1 L2 L3
R 17137 17815 17901
S 17604 17518 17456
21 DEMA 17693
50 DEMA 17155
100 DEMA 16146
Moving Averages

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The VIX decreased by 8.85% and reached 16.15. The Nifty was up
by 76.15 points or 0.94% to settle at 8,204.00.
Nifty June 2016 futures closed at 8204.50 on Wednesday at a
premium of 0.50 points. Nifty June futures saw contraction of 2.56
million units, taking the total outstanding open interest (OI) to
8.20 million units. Among Nifty calls, 8200 SP from the June month
expiry was the most active call with a contraction of 1.05million
open interests. Among Nifty puts, 8100 SP from the June month
expiry was the most active put with an addition of 1.42 million
open interests. The maximum OI outstanding for Calls was at 8300
SP 7.33 mn and that for Puts was at 8000 SP 7.38 mn. From the
most active contracts, SBI June 2016 futures traded at a premium
of 0.60 points at 217.90. Tata Motors June 2016 futures traded at
a premium of 0.65 points at 441.65. Tata Steel June 2016 futures
traded at a premium of 1.10 points at 314.00. HDFC Bank June
2016 futures traded at a discount of 8.05 points at
1161.25. Maruti Suzuki India June 2016 futures traded at a
premium of 12.80 points at 4135.55.
The Nifty PCR finally stood at 1.35 for June month contract. The
top five scrips with highest PCR on OI were Indusind Bank (1.66),
Container of Corporation of India (1.56), Hindalco (1.33), United
Breweries (1.30) and Apollo Hospital (1.22).
30th June,2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
PTC 75.55 1.75 -162.04 76.22
JSWENERGY 84.60 5.55 -158.56 86.45
TV18BRDCST 44.15 4.25 -149.65 45.01
GRASIM 4470.55 0.02 -143.83 4488.77
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
HINDPETRO 987.95 -0.58 -128.23 997.04
HINDUNILVR 884.15 -0.36 -109.85 890.47
ULTRACEMCO 3401.80 -0.32 -106.75 3440.08
CESC 585.75 -0.03 -91.45 588.75
Init. Date – 28.06.16 View – Bullish
Max. Profit of Rs. 197.85 (Rs.14838), Approx. Loss
of Rs. 52.15 (Rs. 3911.25 ) at SL level of 7850
Expiry Date - 28th July 2016
Future
BUY /
SELL
QTY SERIES TYPE
Market
Price
Buy 75 July Fut 8135
Option
BUY /
SELL
QTY
STRIKE
PRICE
SERIES
OPTION
TYPE
Premium
Sell 75 8300 July CE 89.60
Buy 75 8100 July PE 125.15
Sell 75 7900 July PE 68.40
-400.00
-200.00
0.00
200.00
400.00
7650.00 7950.00 8250.00 8550.00
NIFTY RATIO SPREAD

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
30th June,2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1602 1654 1629 1615 1603 1590 1578 1553 Down Sell
ADANIPORTS 203 210 207 205 203 202 200 197 Down Sell
AMBUJACEM 257 269 263 260 256 253 249 242 Up Buy
ASIANPAINT 993 1032 1011 1002 990 981 969 948 Up Buy
AUROPHARMA 737 757 747 742 737 732 727 717 Down Sell
AXISBANK 518 526 522 520 517 515 512 508 Up Buy
BAJAJ-AUTO 2647 2679 2661 2654 2643 2636 2625 2607 Up Buy
BANKBARODA 154 160 157 155 154 153 152 149 Down Sell
BHARTIARTL 356 369 363 359 357 353 351 345 Down Sell
BHEL 122 128 125 123 122 120 118 115 Up Buy
BOSCHLTD 22798 23880 23231 23015 22583 22367 21935 21287 Up Buy
BPCL 1052 1087 1069 1061 1052 1043 1035 1017 Up Buy
CIPLA 502 516 509 505 501 497 493 485 Up Buy
COALINDIA 311 322 317 314 312 309 307 302 Down Sell
DRREDDY 3274 3410 3348 3311 3285 3248 3222 3160 Down Sell
EICHERMOT 19140 19749 19467 19304 19186 19022 18904 18623 Down Sell
GAIL 385 407 395 390 382 378 370 357 Up Buy
GRASIM 4500 4586 4535 4517 4484 4466 4433 4382 Up Buy
HCLTECH 729 766 744 737 722 715 700 678 Up Buy
HDFC 1248 1283 1263 1256 1243 1236 1223 1203 Up Buy
HDFCBANK 1168 1185 1176 1172 1166 1162 1156 1146 Up Buy
HEROMOTOCO 3148 3375 3245 3197 3116 3067 2986 2857 Up Buy
HINDALCO 120 125 123 121 120 119 117 115 Down Sell
HINDUNILVR 887 920 903 895 886 878 869 852 Up Buy
ICICIBANK 237 244 240 239 236 234 232 228 Up Buy
IDEA 105 108 106 106 105 104 104 102 Down Sell
INDUSINDBK 1103 1156 1127 1115 1097 1085 1068 1038 Up Buy
INFRATEL 344 356 350 347 343 340 337 330 Up Buy
INFY 1177 1212 1192 1185 1172 1165 1153 1133 Up Buy
ITC 366 379 373 370 367 364 361 355 Down Sell
KOTAKBANK 751 772 761 756 749 744 738 727 Up Buy
LT 1478 1514 1498 1488 1483 1472 1467 1451 Down Sell
LUPIN 1531 1607 1572 1552 1538 1517 1504 1469 Down Sell
M&M 1418 1453 1435 1427 1417 1409 1399 1382 Up Buy
MARUTI 4123 4221 4169 4146 4118 4094 4066 4014 Up Buy
NTPC 152 160 155 154 151 149 146 142 Up Buy
ONGC 215 220 217 216 214 213 211 208 Up Buy
POWERGRID 159 168 163 161 158 156 154 149 Up Buy
RELIANCE 967 983 974 971 965 962 956 947 Up Buy
SBIN 217 223 220 219 217 216 215 212 Down Sell
SUNPHARMA 771 785 778 774 771 767 764 757 Down Sell
TATAMOTORS 447 456 452 449 447 445 443 439 Down Sell
TATAMTRDVR 287 301 295 291 289 285 283 276 Down Sell
TATAPOWER 73 75 74 73 73 72 71 70 Up Buy
TATASTEEL 313 323 319 316 314 311 310 305 Down Sell
TCS 2500 2587 2540 2520 2493 2473 2445 2398 Up Buy
TECHM 505 520 512 508 504 501 496 488 Up Buy
ULTRACEMCO 3397 3496 3446 3422 3396 3372 3346 3296 Up Buy
WIPRO 556 582 567 561 552 546 537 522 Up Buy
YESBANK 1070 1102 1088 1079 1075 1065 1061 1047 Down Sell
ZEEL 445 458 451 448 443 440 435 428 Up Buy

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Contact Us
www.choiceindia.com
Kunal Parmar
Research Associate
kunal.parmar@choiceindia.com
Vikas Chaudhari
Research Associate
vikas.chaudhari@choiceindia.com
www.choiceindia.comcustomercare@choiceindia.com
Disclaimer
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information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast
future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations
issued by Choice Broking in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on
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against the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock /
Instrument (s): - No.
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
30th June,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: 2016.06.30 08:51:45 +05'30'