#ChoiceBroking #EquityBazaar - Today, We may witness gap down opening in Nifty around 85422 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 gap down opening in Nifty around 85422 level on
back of SGX Nifty and other Asian counters which is trading on negative note
today.
F&O expiry day turned out to be a daunting session of trade for Nifty which
ended near its intraday low with a cut of over one and half percent, as India
carried out surgical strikes against Pakistan. After a gap up opening, market
managed to hold their gains and traded in a tight band in first half of the day,
as investors took some encouragement from Finance Minister Arun Jaitley’s
statement, who reacting to 32-point jump on World Economic Forum’s Global
Competitiveness Index in two years, has said that it shows India has covered a
long distance and is on its way to emerge as a major player in global economy.
However, market took U-turn in second half and Nifty slipped into red and
never looked confident afterwards to end near intraday lows, as investor
panicked after the Army said it has conducted surgical strikes against
terrorists across Line of Control. Also, the government has called an all-party
meeting in the wake of surgical strikes across the India-Pakistan border.
Anxiety among the investors can be seen through India Volatility Index (VIX),
which surged by around 33 per cent to a 3-month high of 18.45. Investor also
remained on sideline ahead of upcoming monetary policy review on October
4. On the global front, European stocks saw further upside on Thursday, a day
after OPEC countries agreed to modest oil output cuts in the first such deal
since 2008. Asian equity markets ended in green, after bank shares recovered
in Europe, U.S. durable goods orders data beat estimates and OPEC members
surprised market participants with a preliminary deal to curb output.
The top gainers in Nifty index were INFRATEL, TCS, COALINDIA. While on the
other hand, top losers were BHEL, AUROPHARMA, HINDALCO, ADANIPORTS,
TECHM.
30th September, 2016
SENSEX 27,828 -1.67%
NIFTY 8,591 -1.79%
SGX Nifty* 8,595 -0.57%
Global Indices
Dow Jones 18,143 -1.08%
Nasdaq 5,269 -0.94%
FTSE 6,919 1.01%
DAX 10,406 -0.32%
Straits Times 2,857 -1.02%
Nikkei 225 16,436 -1.57%
Hang Seng 23,426 -1.34%
Commodities
Gold 31,165 0.67%
Silver 45,834 0.55%
Natural Gas 199 0.45%
Crude Oil 3,204 4.46%
Currency
Dollar / Rupee 66.85 0.58%
Euro / Rupee 74.98 0.03%
Pound / Rupee 86.65 0.02%
Volumes Rs.mn
Cash BSE 54,281 85.10
Cash NSE 450,124 108.34
FII Activities Rs.Cr.
Purchase Sale Net
7103.29 5,052 2051.39
MF Activities Rs.Cr.
Purchase Sale Net
9467.8 7,708 1759.8
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
30th September, 2016
L1 L2 L3
R 8742 8892 8984
S 8499 8408 8257
21 DEMA 8744
50 DEMA 8651
100 DEMA 8456
Moving Averages
L1 L2 L3
R 19632 20079 20366
S 18897 18611 18163
21 DEMA 19684
50 DEMA 19304
100 DEMA 18618
Moving Averages
 It was bloodbath on Nifty and it was highest fall in past 3 months with huge surge in volume as well.
 Nifty opened on gap up note and it reversed down from its morning high. It had formed strong bear
candle.
 Negative DMI took dominant position and raised above 25 level which indicate strengthening trend on
lower side.
 Going forward, as Nifty has closed below 8600 level it seems to be in negative territory and on down
side support at 8520 to 8500 range. After a strong fall Nifty mild recovery cannot be ruled out,
immediate resistance will be at 8650 range.
 On broader timeframe Bank Nifty has formed ‘V’ shape, it indicate sharp fall followed by sharp rise.
Bank Nifty has halted around at its previous reversal area.
 From candlestick perspective Bank Nifty has formed strong bear candle. It indicate that bears were in
dominating position
 Violation of 21 day moving average and slope of rising trend line turned sell signal for index.
 Going forward, index has approached to its immediate support level. Breach of 19100 level can lead to
further selling towards 18700 level. Immediate support lies at 19400 level.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The India VIX addition by 33.24% and reached 18.45. The
Nifty was down by 153.90 points or 1.76% to settle at
8,591.25.
From the most active contracts, SBI October 2016 futures
traded at a discount of 0.75 points at 248.25 compared
with spot closing of 249.00. ICICI Bank October 2016
futures traded at a discount of 0.15 points at 251.80
compared with spot closing of 251.95. HDFC Bank October
2016 futures traded at a premium of 15.95 points at
1290.60 compared with spot closing of 1,274.65. Axis Bank
October 2016 futures traded at a premium of 0.40 points at
541.40 compared with spot closing of 541.00. Sun
Pharmaceuticals Industries October 2016 futures traded at
a premium of 0.80 points at 741.70 compared with spot
closing of 740.90.
The Nifty PCR finally stood at 0.99 for September month
contract. The top five scrips with highest PCR on OI were
APOLLOHOSP (3.64), CUMMINSIND (2.60), M&M (1.65),
ACC (1.57) and WOCKPHARMA (1.39).
30th September, 2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
ZEEL 552.05 0.48 34.71 561.68
INFRATEL 372.85 2.56 28.03 377.61
MCDOWELL-N 2320.95 0.48 23.38 2400.52
TCS 2442.4 0.74 16.18 2455.45
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
KSCL 355.20 -3.08 51.45 365.09
CEATLTD 1231.25 -1.26 49.93 1267.54
KPIT 124.75 -7.70 48.50 130.06
AMARAJABAT 992.85 -3.53 48.30 1018.71
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
30th September, 2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1601 1677 1652 1626 1602 1576 1552 1502 Down Sell
ADANIPORTS 260 290 282 271 263 252 243 224 Down Sell
AMBUJACEM 256 271 267 261 257 252 248 238 Down Sell
ASIANPAINT 1185 1249 1226 1206 1183 1162 1139 1096 Up Buy
AUROPHARMA 831 969 923 877 831 785 739 646 Up Buy
AXISBANK 541 587 571 556 540 525 508 477 Up Buy
BAJAJ-AUTO 2858 3048 3001 2930 2882 2811 2764 2645 Down Sell
BANKBARODA 163 180 176 169 164 158 153 142 Down Sell
BHARTIARTL 316 331 327 321 318 312 308 299 Down Sell
BHEL 134 158 152 143 136 127 120 105 Down Sell
BOSCHLTD 22750 24537 24064 23407 22933 22276 21803 20672 Down Sell
BPCL 612 646 634 623 612 601 589 567 Up Buy
CIPLA 604 640 626 615 600 590 575 550 Up Buy
COALINDIA 330 344 338 334 328 324 318 309 Up Buy
DRREDDY 3155 3305 3257 3206 3159 3107 3060 2961 Down Sell
EICHERMOT 25199 28600 27620 26410 25431 24220 23241 21051 Down Sell
GAIL 365 406 395 380 369 354 343 316 Down Sell
GRASIM 4760 5172 5052 4906 4785 4640 4519 4253 Down Sell
HCLTECH 788 825 815 801 791 778 768 745 Down Sell
HDFC 1402 1466 1450 1426 1409 1386 1369 1329 Down Sell
HDFCBANK 1275 1336 1321 1298 1283 1260 1245 1207 Down Sell
HEROMOTOCO 3434 3579 3540 3487 3447 3394 3355 3262 Down Sell
HINDALCO 150 166 162 156 152 146 142 132 Down Sell
HINDUNILVR 881 910 902 891 882 872 863 844 Down Sell
ICICIBANK 252 283 273 263 253 242 233 213 Down Sell
IDEA 81 88 85 83 81 78 76 72 Down Sell
INDUSINDBK 1201 1267 1249 1225 1208 1184 1166 1124 Down Sell
INFRATEL 375 397 386 381 370 365 355 339 Up Buy
INFY 1035 1066 1056 1045 1035 1024 1014 993 Up Buy
ITC 246 258 254 250 246 242 237 229 Up Buy
KOTAKBANK 779 826 813 796 782 765 752 722 Down Sell
LT 1444 1517 1493 1469 1444 1420 1396 1347 Down Sell
LUPIN 1467 1591 1561 1514 1485 1437 1408 1331 Down Sell
M&M 1374 1465 1440 1407 1383 1350 1325 1268 Down Sell
MARUTI 5460 5742 5659 5560 5477 5378 5295 5113 Down Sell
NTPC 151 159 156 153 151 148 145 140 Down Sell
ONGC 251 267 262 257 253 247 243 233 Down Sell
POWERGRID 174 191 186 180 176 170 166 155 Down Sell
RELIANCE 1075 1144 1128 1101 1084 1058 1041 998 Down Sell
SBIN 249 269 263 256 250 243 237 223 Down Sell
SUNPHARMA 741 801 786 763 748 725 710 672 Down Sell
TATAMOTORS 525 573 560 542 530 512 499 469 Down Sell
TATAMTRDVR 336 362 353 344 336 327 319 302 Down Sell
TATAPOWER 74 81 79 77 74 72 69 65 Down Sell
TATASTEEL 368 398 391 379 372 360 353 334 Down Sell
TCS 2437 2493 2475 2456 2438 2419 2401 2364 Down Sell
TECHM 425 458 451 438 431 418 411 392 Down Sell
ULTRACEMCO 3908 4147 4074 3991 3917 3834 3761 3604 Down Sell
WIPRO 476 497 491 483 477 469 463 449 Down Sell
YESBANK 1239 1367 1336 1288 1256 1208 1176 1096 Down Sell
ZEEL 547 587 573 560 546 533 519 492 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
vikas.chaudhari@choiceindia.com
www.choicebroking.incustomercare@choiceindia.com
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30th September, 2016
Kapil Shah
Research Associate
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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: 2016.09.30 09:01:45 +05'30'