#ChoiceBroking #EquityBazaar

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 8115 level on back
of SGX Nifty and other Asian counters which is trading on negative note
today.
The local benchmark, Nifty ended a disappointing day with around half a
percent cut, as cautiousness prevailed ahead of the US Federal Reserve’s two-
day policy meeting that concludes later today. The Fed is expected to raise
interest rates for the second time in a decade amid recent data suggesting the
US recovery is gaining traction. Higher US interest rates would attract foreign
investments from the emerging markets like India towards the US. Sentiments
took a hit after Congress vice president Rahul Gandhi claimed that he had
‘personal information’ about corruption by Prime Minister Narendra Modi but
that he wasn’t being allowed by ruling lawmakers to speak about it in
Parliament. However, losses remained capped with positive economic data,
while the retail inflation fell to a two-year low in November due to the
ongoing cash crunch following the demonetization drive, the country’s
current account deficit (CAD) narrowed by more than a percentage point to
0.6 percent of GDP at $ 3.4 billion in the July-September, on account of lower
trade deficit. Further, WPI inflation continued its easing trend for the third
straight month in November, falling to 3.15%. On the global front, Asian
markets ended mostly lower on Wednesday as investors remained cautious
ahead of the Federal Reserve’s monetary policy decision due later in the day.
The Fed’s path to tighter monetary policy has been delayed throughout 2016,
as first instability in Chinese markets, then the shock votes for Brexit and
Donald Trump, put policy makers on the defensive.
The top gainers in Nifty index were AXISBANK, HCLTECH, RELIANCE,
TATAPOWER, INFY. While on the other hand, top losers were COALINDIA,
BOSCHLTD, AUROPHARMA, EICHERMOT, ACC.
15th December 2016
SENSEX 26,603 -0.36%
NIFTY 8,182 -0.48%
SGX Nifty* 8,118 -0.82%
Global Indices
Dow Jones 19,793 -0.60%
Nasdaq 5,437 -0.50%
FTSE 6,949 -0.28%
DAX 11,245 -0.35%
Straits Times 2,926 -0.98%
Nikkei 225 19,226 -0.14%
Hang Seng 22,064 -1.78%
Commodities
Gold 27,587 0.19%
Silver 41,728 1.18%
Natural Gas 239 0.84%
Crude Oil 3,497 -2.66%
Currency
Dollar / Rupee 67.43 -0.16%
Euro / Rupee 70.96 -0.13%
Pound / Rupee 84.66 -0.08%
Volumes Rs.mn
Cash BSE 23,830 15.68
Cash NSE 161,510 -10.52
FII Activities Rs.Cr.
Purchase Sale Net
8149.88 9,293 -1143.3
MF Activities Rs.Cr.
Purchase Sale Net
681.6 931 -249.7
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
15th December 2016
L1 L2 L3
R 8220 8257 8284
S 8155 8128 8091
21 DEMA 8202
50 DEMA 8328
100 DEMA 8369
Moving Averages
L1 L2 L3
R 18444 18546 18606
S 18281 18221 18119
21 DEMA 18598
50 DEMA 18890
100 DEMA 18797
Moving Averages
 On daily chart, Nifty opened with gap up but couldn’t sustain and closed on negative note with loss of 39
point. Moreover Nifty closed below 200 simple daily moving averages. Till now Nifty has been trading inside
previous week candle.
 Besides that yesterday Nifty was traded in range of 8230 to 8190 but it closed below the range with negative
breakout . Further on weekly chart it closed below 50 simple Weekly moving averages.
 On daily chart, Nifty formed bearish small body candlestick in consolidation zone suggest bearish bias in near
term.
 Going forward, on daily chart there is strong trend line support as well as 20 days simple moving averages
coinciding at same level 8130 whereas unfilled gap and 200 day simple moving averages coinciding around at
same level which 8250 which is strong resistance for nifty.
 Going forward, with the above technical structure, we expect negative move in the Index up to the level of
8080.
 On daily chart, Bank Nifty opened with gap but couldn’t sustain and closed on negative note with loss of 0.67%.
Till now Bank Nifty is trading has been trading inside previous week candle.
 Beside that from past three day Bank Nifty has found resistance at 20 days simple moving averages as well as its
couldn’t sustain above. The range of consolidation is 18700 to 18100.
 Yesterday Bank Nifty has formed bearish big body candle and engulfed last day candle which indicate bear is
more powerful than bull.
 A momentum indicator stochastic has given fresh signal % D is below % K as well as its reading below the center
line. More over money flow index reading blow center line which suggest negative breath for index for near
term.
 Going forward, with the above technical structure, we expect negative move in the Index up to the level of
18100.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
15th December 2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1310 1365 1354 1332 1321 1299 1288 1255 Down Sell
ADANIPORTS 284 294 291 287 285 281 279 272 Down Sell
AMBUJACEM 206 209 208 207 206 205 204 201 Up Buy
ASIANPAINT 914 938 930 922 915 907 900 885 Down Sell
AUROPHARMA 701 743 732 717 706 691 680 654 Down Sell
AXISBANK 467 489 479 473 463 457 448 432 Up Buy
BAJAJ-AUTO 2652 2708 2689 2670 2651 2633 2613 2576 Up Buy
BANKBARODA 158 163 162 160 159 157 156 153 Down Sell
BHARTIARTL 324 337 333 329 325 320 317 309 Down Sell
BHEL 125 128 127 126 126 124 124 122 Down Sell
BOSCHLTD 20345 21578 21314 20829 20565 20080 19816 19067 Down Sell
BPCL 620 644 639 629 624 614 609 594 Down Sell
CIPLA 568 592 586 577 571 562 555 540 Down Sell
COALINDIA 292 305 302 297 294 289 286 278 Down Sell
DRREDDY 3152 3193 3180 3166 3153 3139 3126 3098 Down Sell
EICHERMOT 21790 23219 22901 22346 22028 21473 21156 20283 Down Sell
GAIL 418 430 428 423 421 416 413 406 Down Sell
GRASIM 850 876 869 860 853 843 836 820 Down Sell
HCLTECH 822 860 842 832 814 804 786 758 Up Buy
HDFC 1272 1304 1291 1282 1269 1260 1247 1225 Up Buy
HDFCBANK 1177 1200 1194 1186 1180 1171 1165 1150 Down Sell
HEROMOTOCO 3170 3307 3266 3218 3177 3129 3088 2999 Down Sell
HINDALCO 176 181 180 178 176 175 173 170 Down Sell
HINDUNILVR 823 845 839 831 825 817 811 797 Down Sell
ICICIBANK 261 269 267 264 262 259 257 253 Down Sell
IDEA 77 80 79 78 77 76 75 73 Down Sell
INDUSINDBK 1071 1104 1097 1084 1076 1063 1056 1035 Down Sell
INFRATEL 356 367 365 360 358 353 351 344 Down Sell
INFY 999 1029 1017 1008 996 987 975 954 Up Buy
ITC 232 240 238 235 234 231 229 225 Down Sell
KOTAKBANK 730 741 736 733 728 725 720 712 Up Buy
LT 1360 1400 1391 1375 1366 1350 1341 1317 Down Sell
LUPIN 1486 1521 1513 1499 1491 1477 1469 1447 Down Sell
M&M 1174 1211 1197 1186 1172 1161 1147 1122 Up Buy
MARUTI 5140 5277 5246 5193 5162 5108 5077 4992 Down Sell
NTPC 163 169 168 165 164 162 161 158 Down Sell
ONGC 305 317 314 310 307 302 300 292 Down Sell
POWERGRID 182 188 187 184 183 180 179 175 Down Sell
RELIANCE 1056 1094 1079 1068 1053 1042 1027 1001 Up Buy
SBIN 263 269 268 265 264 261 260 256 Down Sell
SUNPHARMA 679 707 700 690 682 672 665 647 Down Sell
TATAMOTORS 472 492 484 478 470 464 456 442 Up Buy
TATAMTRDVR 305 316 311 308 303 300 294 286 Up Buy
TATAPOWER 79 81 80 79 78 78 77 75 Up Buy
TATASTEEL 418 433 430 424 420 414 411 401 Down Sell
TCS 2209 2262 2243 2226 2208 2190 2172 2136 Up Buy
TECHM 475 497 492 484 479 470 465 451 Down Sell
ULTRACEMCO 3318 3444 3412 3365 3334 3286 3255 3176 Down Sell
WIPRO 466 474 471 469 466 463 461 456 Up Buy
YESBANK 1195 1223 1217 1206 1200 1189 1183 1166 Down Sell
ZEEL 441 455 451 446 442 437 433 424 Down Sell

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
Disclaimer
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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
15th December 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: 2016.12.15 09:11:21 +05'30'