#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 8270 level
on back of SGX Nifty and other Asian counters which is trading on mild
positive note today.
The Indian markets ended marginally in red after a lackluster
performance during the day on mixed global cues and weakness in
rupee. Today the start is likely to see a cautious trade on mixed
global cues and few other brokerages projecting a sharply lower
growth numbers for the year. However, traders will get some
support with Finance Minister Arun Jaitley’s statement dismissing
the slowdown concerns, saying that higher tax mop up indicates
uptick in economic activity. He said that demonetised notes had no
role to play in the tax collections for December as people were
allowed to pay taxes in the spiked currency only in November and
the indirect and direct tax collections between April and December
this year increased by 25 percent and 12.01 percent respectively
compared to the same period last year. The banking stocks will be
under pressure, as the global credit rating agency Moody’s and its
Indian arm ICRA has said that asset quality issues will continue to
hurt prospects of Indian banks in the medium term, despite
continued deterioration of the asset quality having been arrested by
most of the lenders. On the other hand there will be some buzz in
the aviation stocks, as per the global airlines OTP survey report
domestic carriers Jet Airways and IndiGo have ranked seventh and
tenth, respectively, in on-time performance in Asia Pacific.
The US markets made a mixed closing in last session with energy
stocks declining amid lack of any major economic news. The Asian
markets have made a mixed start and some of the indices are in red
led by the Japanese market.
10th Jan 2017
SENSEX 26,726 -0.12%
NIFTY 8,236 -0.08%
SGX Nifty* 8,270 0.27%
Global Indices
Dow Jones 19,887 0.38%
Nasdaq 5,531 0.18%
FTSE 7,237 0.38%
DAX 11,563 -0.30%
Straits Times 2,992 0.37%
Nikkei 225 19,454 -0.34%
Hang Seng 22,683 0.55%
Commodities
Gold 28,051 0.58%
Silver 40,688 0.85%
Natural Gas 212 -5.47%
Crude Oil 3,574 -3.02%
Currency
Dollar / Rupee 68.03 -0.26%
Euro / Rupee 72.21 0.30%
Pound / Rupee 82.82 0.01%
Volumes Rs.mn
Cash BSE 27,686 -16.96
Cash NSE 1,45,104 -20.00
FII Activities Rs.Cr.
Purchase Sale Net
6372 5,664 707
MF Activities Rs.Cr.
Purchase Sale Net
4470 3,056 1414
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
10th Jan 2017
Post breakout above 8220 level Nifty traded in tight range, it was another day where nifty traded in
lacklustre mode.
As nifty again trading into range, it require either side breakout to form view on particular direction of
index
Momentum oscillator has formed peak at 60 level which is considered as upper level of bearish zone
and multiple resistance was there.
Going forward Nifty likely to have support at 8220 and sustainability below it can lead to further
weakness upto 8170 level.
 BankNifty has crossed its 21 day and 250 day long term moving average but was not able to surpass its
18300 level which is immediate resistance point for index.
 However in past 2 days index has outperformed broader index due to good show by private banking
space which took front seat to drive Nifty Bank.
 Momentum oscillator RSI has crossed its average line and moved above its previous resistance point
which is positive development.
 Going forward, sustainability above 18300 level can boost positive sentiment and it may rise to test
18500 to 18600 level.
21 DEMA 8163
100 DEMA 8305
250 DEMA 8228
Moving Averages
L1 L2 L3
R 8257 8278 8293
S 8221 8206 8185
L1 L2 L3
R 18354 18422 18471
S 18237 18188 18120
21 DEMA 18178
100 DEMA 18604
250 DEMA 18131
Moving Averages

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1326 1356 1342 1334 1329 1321 1316 1303 Down Sell
ADANIPORTS 287 290 288 287 286 285 284 282 Up Buy
AMBUJACEM 211 215 213 212 212 211 210 209 Down Sell
ASIANPAINT 911 922 917 914 912 909 907 903 Down Sell
AUROPHARMA 697 715 707 702 699 694 691 683 Down Sell
AXISBANK 441 476 461 451 446 436 431 416 Down Sell
BAJAJ-AUTO 2724 2779 2754 2739 2730 2715 2705 2680 Down Sell
BANKBARODA 153 156 155 154 153 152 152 151 Down Sell
BHARTIARTL 320 325 322 321 320 318 317 314 Up Buy
BHEL 128 130 129 129 128 128 127 126 Up Buy
BOSCHLTD 21010 21421 21216 21113 21010 20908 20805 20600 Down Sell
BPCL 674 705 687 681 670 663 652 634 Up Buy
CIPLA 581 591 586 583 580 578 575 570 Up Buy
COALINDIA 302 308 305 304 302 301 299 297 Up Buy
DRREDDY 3069 3107 3086 3078 3065 3057 3045 3024 Up Buy
EICHERMOT 23123 23461 23296 23210 23131 23045 22967 22802 Down Sell
GAIL 440 448 444 442 439 438 435 430 Up Buy
GRASIM 858 874 867 862 860 855 853 846 Down Sell
HCLTECH 837 855 847 842 839 834 831 823 Down Sell
HDFC 1225 1241 1232 1229 1224 1220 1215 1207 Up Buy
HDFCBANK 1204 1218 1209 1206 1201 1198 1192 1184 Up Buy
HEROMOTOCO 3045 3087 3067 3056 3048 3037 3029 3010 Down Sell
HINDALCO 161 166 163 162 160 159 157 154 Up Buy
HINDUNILVR 835 844 839 837 834 832 829 823 Up Buy
ICICIBANK 261 266 263 262 261 259 258 255 Down Sell
IDEA 74 76 75 75 75 74 74 73 Down Sell
INDUSINDBK 1166 1189 1177 1171 1165 1160 1154 1142 Up Buy
INFRATEL 351 357 354 353 351 350 348 346 Up Buy
INFY 978 987 983 980 979 976 975 971 Down Sell
ITC 246 248 247 246 246 246 245 244 Down Sell
KOTAKBANK 714 723 718 716 713 711 708 703 Up Buy
LT 1388 1414 1401 1394 1387 1381 1374 1360 Up Buy
LUPIN 1495 1511 1502 1499 1494 1491 1486 1478 Up Buy
M&M 1211 1233 1221 1216 1208 1204 1196 1184 Up Buy
MARUTI 5675 5724 5702 5688 5680 5667 5658 5637 Down Sell
NTPC 164 165 164 164 163 163 163 162 Up Buy
ONGC 202 210 205 204 201 200 197 193 Up Buy
POWERGRID 188 190 189 188 187 187 186 185 Up Buy
RELIANCE 1087 1101 1093 1090 1085 1082 1077 1069 Up Buy
SBIN 247 251 249 248 248 247 246 245 Down Sell
SUNPHARMA 633 640 637 635 633 631 630 627 Down Sell
TATAMOTORS 508 516 512 510 508 506 504 500 Up Buy
TATAMTRDVR 322 327 324 323 321 320 319 316 Up Buy
TATAPOWER 77 78 77 77 77 76 76 75 Up Buy
TATASTEEL 427 436 431 429 426 424 421 416 Up Buy
TCS 2294 2357 2330 2312 2303 2285 2276 2249 Down Sell
TECHM 468 482 476 472 470 466 465 459 Down Sell
ULTRACEMCO 3300 3338 3321 3311 3304 3294 3287 3270 Down Sell
WIPRO 473 478 475 474 473 471 470 467 Up Buy
YESBANK 1258 1281 1271 1264 1261 1254 1251 1240 Down Sell
ZEEL 468 478 472 470 467 464 461 455 Up Buy
10th Jan 2017

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
10th Jan 2017
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: 2017.01.10 09:55:23 +05'30'