1. Equity Bazaar
SEBI Registeredโ Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Intraday
Today, We may witness Mild positive opening in Nifty around 8920 level
on back of SGX Nifty and other Asian counters which is trading on
positive note today.
Nifty gained momentum in last hour of trade on Tuesday and closed
above the psychological 8900 level. Moreover, covering-up of short
positions by speculators in view of approaching monthly expiry in
the derivatives segment on Thursday contributed to the rally.
Traders were also getting support with a report that yearly SBI
Composite Index (year-on-year) for February 2017 improving to
49.5 compared to last monthโs index of 47.0, indicating some
improvement in sentiments.
The monthly Index though declined marginally to 49.2 in February
2017 from 50.9 in Jan 2017 which means IIP growth may continue
to contract in January and February 2017. However, gains remained
limited as traders were cautious with the India Ratings and
Researchโs report that infrastructure sector continued to face
headwinds with some sub-segments doing better. It has maintained
a negative outlook for the infrastructure sector for FY18 while
providing revised outlook for a couple of sub-sectors. Shares of
telecom companies declined after Reliance Jio unveiled a sharply
discounted tariff plans for subscribers from April.
Traders were seen piling up positions in Financial Services, Banking
and Metal stocks, while selling was witnessed only in Media stocks.
22nd
Feb-17
SENSEX 28,761 0.35%
NIFTY 8,907 0.31%
SGX Nifty* 8,924 0.15%
Global Indices
Dow Jones 20,600 0.05%
Nasdaq 5,865 0.46%
FTSE 7,274 -0.34%
DAX 11,967 1.16%
Straits Times 3,106 0.39%
Nikkei 225 19,345 -0.19%
Hang Seng 24,153 0.78%
Commodities
Gold 29,301 -0.01%
Silver 42,836 -0.15%
Natural Gas 172 -7.50%
Crude Oil 3,668 1.23%
Currency
Dollar / Rupee 66.92 0.00%
Euro / Rupee 70.61 0.08%
Pound / Rupee 83.67 0.20%
Volumes Rs.mn
Cash BSE 30,179 3.69
Cash NSE 223,465 13.99
FII Activities Rs.Cr.
Purchase Sale Net
13762.43 5,653 8109.68
MF Activities Rs.Cr.
Purchase Sale Net
6888.2 4,689 2199
Indian Markets
*Sources- Bloomberg, Moneycontrol, Zeebusiness, livemint
2. Equity Bazaar
SEBI Registeredโ Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Outlook
Bank Nifty Outlook
๏ Nifty continued to higher, it opened on positive note and thereafter traded with positive bias through
the day.
๏ In past 2 months Nifty has risen almost 1000 points and other strategic index like Nifty Mid cap and
Nifty 100 has formed life time high.
๏ Nifty has surpassed its all its immediate hurdle of 8900 level which is another positive development.
๏ Going forward, Niftyโs undertone is still on bullish side as there is no major sign of reversal.
Immediate support at 8850 and resistance lies at 8950 level.
๏ Nifty Bank has opened on positive note and moved up in staggered way. Banking stock has taken back
seat as they had lag in performance.
๏ From entire banking space public sector banks seems to be well in position as there had taken lead in
movement.
๏ Sustainability above its resistance of 20500 level is positive development.
๏ Going forward still Nifty bank maintain its positive stance with higher side upto 21050 while on
downside stop loss need to be maintained at 20500.
21 DEMA 8709
100 DEMA 8457
250 DEMA 8313
Moving Averages
L1 L2 L3
R 8931 8955 8990
S 8872 8837 8813
L1 L2 L3
R 20967 21074 21248
S 20686 20512 20405
21 DEMA 20037
100 DEMA 19140
250 DEMA 18473
Moving Averages
22nd
Feb-17
3. Equity Bazaar
SEBI Registeredโ Research Analyst Equities I Commodities I Currencies I Mutual Funds
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1469 1516 1490 1479 1464 1453 1438 1411 Up Buy
ADANIPORTS 304 317 310 307 303 300 295 288 Up Buy
AMBUJACEM 239 251 244 241 237 235 230 223 Up Buy
ASIANPAINT 991 1022 1005 998 987 980 970 952 Up Buy
AUROPHARMA 684 741 712 698 684 670 655 627 Up Buy
AXISBANK 507 555 527 517 499 489 471 443 Up Buy
BAJAJ-AUTO 2795 2855 2824 2809 2792 2777 2760 2728 Up Buy
BANKBARODA 169 175 172 171 169 168 167 164 Up Buy
BHARTIARTL 361 403 384 373 366 354 348 329 Down Sell
BHEL 154 162 158 156 155 153 151 148 Down Sell
BOSCHLTD 21652 22271 21991 21821 21711 21541 21431 21151 Down Sell
BPCL 703 739 723 713 707 697 691 675 Down Sell
CIPLA 593 605 599 596 592 589 586 579 Up Buy
COALINDIA 319 328 324 321 319 317 315 311 Down Sell
DRREDDY 2893 3004 2954 2924 2904 2874 2854 2804 Down Sell
EICHERMOT 25211 25879 25546 25378 25213 25045 24880 24547 Down Sell
GAIL 524 546 536 530 525 519 514 503 Down Sell
GRASIM 1070 1103 1085 1077 1067 1059 1049 1031 Up Buy
HCLTECH 849 889 870 860 852 841 833 815 Down Sell
HDFC 1413 1454 1430 1421 1406 1397 1381 1357 Up Buy
HDFCBANK 1412 1459 1435 1423 1410 1399 1386 1362 Up Buy
HEROMOTOCO 3125 3211 3164 3145 3117 3098 3070 3023 Up Buy
HINDALCO 182 194 189 185 184 180 178 173 Down Sell
HINDUNILVR 863 890 875 869 861 855 846 832 Up Buy
ICICIBANK 285 293 289 287 284 282 279 275 Up Buy
IDEA 108 115 112 110 108 106 105 101 Down Sell
INDUSINDBK 1327 1378 1355 1341 1333 1319 1311 1288 Down Sell
INFRATEL 296 331 316 306 300 290 284 268 Down Sell
INFY 1011 1061 1036 1024 1012 999 987 963 Down Sell
ITC 263 274 269 266 263 260 258 252 Down Sell
KOTAKBANK 799 816 806 803 797 793 787 778 Up Buy
LT 1484 1512 1497 1491 1483 1477 1469 1455 Up Buy
LUPIN 1470 1497 1482 1476 1467 1461 1452 1437 Up Buy
M&M 1313 1341 1326 1320 1311 1305 1296 1281 Up Buy
MARUTI 6062 6161 6113 6087 6065 6040 6018 5970 Down Sell
NTPC 172 177 174 173 172 171 169 167 Up Buy
ONGC 196 200 198 197 196 195 194 191 Up Buy
POWERGRID 206 213 209 208 206 204 203 200 Down Sell
RELIANCE 1088 1120 1102 1095 1084 1077 1066 1048 Up Buy
SBIN 271 276 273 272 270 269 267 265 Up Buy
SUNPHARMA 674 706 691 683 676 668 661 647 Down Sell
TATAMOTORS 458 475 467 462 458 454 450 442 Down Sell
TATAMTRDVR 278 286 283 280 279 277 276 272 Down Sell
TATAPOWER 84 89 87 85 85 83 82 80 Down Sell
TATASTEEL 491 512 501 496 490 485 480 469 Up Buy
TCS 2462 2622 2552 2507 2481 2436 2410 2339 Down Sell
TECHM 508 538 523 516 508 500 493 477 Up Buy
ULTRACEMCO 3775 3879 3820 3798 3761 3739 3702 3643 Up Buy
WIPRO 475 490 483 479 477 473 470 463 Down Sell
YESBANK 1447 1489 1467 1457 1444 1434 1421 1398 Up Buy
ZEEL 524 539 531 528 524 520 516 509 Down Sell
22nd
Feb-17
4. Equity Bazaar
SEBI Registeredโ 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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Research Associate
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Kapil Shah
Research Associate
kapil.shah@choiceindia.com
22nd
Feb-17
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: 2017.02.22 09:14:38 +05'30'
