Today, We may witness opening in Nifty around 7800 level on back of SGX Nifty and other Asian counters which is trading on mild negative note today. Nifty Outlook: Nifty has formed 3rd base in the range of 7980 to 7850 level. After a heavy sell Nifty ended on silent note at 7849 with minute gain of 2 points. BankNifty Outlook: BankNifty closed at 16795 with gain of around 0.47%. Index opened on positive note but not able to sustain at its watermark level and soon it turned down however in later part of the day recovery has been observed.

1. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Intraday
Today, We may witness opening in Nifty around 7800 level on
back of SGX Nifty and other Asian counters which is trading on mild
negative note today.
Domestic equity index -- Nifty closed with modest gain on Friday.
Sentiment got some support with UN report for the Asia-Pacific
has said that Indian economy is projected to expand by 7.6 percent
in 2016-17 and accelerate to 7.8 percent in 2017-18, mainly on the
back of domestic consumption demand aided by steady
employment and a relatively low inflation. However, gains
remained capped on report that country’s current account deficit
is likely to widen modestly to $25 billion in the current fiscal from
$20 billion last year on rising demand for gold and sluggishness in
exports. Further, some cautiousness too prevailed in the market
due to disappointing quarterly results and weak cues from the
global markets after Bank of Japan failed to enthuse investors by
deciding against any fresh market stimulus. On the global front,
Asian markets ended lower on Friday following oil prices eased
slightly in Asia after hitting a series of new highs this week,
bolstered by a weak dollar. European markets were trading lower
after official figures showed eurozone economic growth was far
higher than expected in the first quarter, but that inflation had
fallen back below zero.
The gainer in Nifty index ZEEL, KOTAKBANK, NTPC, LUPIN, CIPLA.
While on the other hand, top losers were HCLTECH, IDEA,
BHARTIARTL, BANKBARODA, BOSCHLTD.
2nd May' 2016
SENSEX 25,606 0.01%
NIFTY 7,849 0.03%
SGX Nifty* 7,841 -0.65%
Global Indices
Dow Jones 17,779 -0.32%
Nasdaq 4,775 -0.61%
FTSE 6,241 -1.28%
DAX 10,038 -2.81%
Straits Times 2,838 -0.81%
Nikkei 225 16,062 -3.76%
Hang Seng 21,067 -1.52%
Commodities
Gold 30,266 1.92%
Silver 41,566 1.26%
Natural Gas 144 3.13%
Crude Oil 3,035 -0.96%
Currency
Dollar / Rupee 66.33 -0.29%
Euro / Rupee 76.07 0.05%
Pound / Rupee 96.94 -0.08%
Volumes Rs.mn
Cash BSE 28,179 -1.68
Cash NSE 184,972 -27.00
FII Activities Rs.Cr.
Purchase Sale Net
10652 9,719 933
MF Activities Rs.Cr.
Purchase Sale Net
6671 6,111 559
Indian Markets
*Sources- Bloomberg, Moneycontrol, Zeebusiness, livemint

2. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Outlook
BankNifty Outlook
21 DEMA 7772
50 DEMA 7524
100 DEMA 7567
Moving Averages
L1 L2 L3
R 7896 7943 7997
S 7795 7741 7694
L1 L2 L3
R 17137 15189 13537
S 12909 14561 12595
21 DEMA 16223
50 DEMA 15416
100 DEMA 15721
Moving Averages
 BankNifty closed at 16795 with gain of around 0.47%. Index opened on positive note but not able to
sustain at its watermark level and soon it turned down however in later part of the day recovery has
been observed.
 BankNifty had faced stiff resistance at 17000 level which is upper band of recent congesion and previous
peak level.
 Among BankNifty index 8 banking stock ended on negative note, major positive contribution derived
from private bank.
 Going forward, BankNifty seems to be in hand of bears. To defeat bear BankNifty need to sustain above
17000 level. On downside 17600 and 17300 level will be immediate support.
2nd May' 2016
 Nifty has formed 3rd base in the range of 7980 to 7850 level. After a heavy sell Nifty ended on silent note
at 7849 with minute gain of 2 points.
 Nifty is hovering around 100 daily moving average which is placed at 7800 level. Sustainability below 100
DMA will result in renewed selling pressure.
 Nifty momentum oscillator RSI has 66 level. It is forming negative divergence from its previous lower high
point.
 Going forward, Sustainability below 8000 level will be considered as bears have upper hand and negative
bias will prevail till then. Next support will be around 7750 level being previous peak and gap area.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The VIX decreased by 0.36% and reached 16.53. The 50-share
Nifty was up by 2.55 points or 0.03% to settle at 7,849.80.
The top gainers from the F&O segment were Indiabulls Real
Estate, Bata India and GMR Infrastructure. On the other hand,
the top losers were Jindal Steel & Power, CEAT and HCL
Technologies. In the index options segment, maximum OI was
being seen in the 7900-8300 calls and 7000-7900 puts. In
today's session, while the traders preferred to exit 7900 put,
heavy buildup was seen in the 7300 put. On the other hand,
traders exited from 7600 Call, while 7900 call witnessed
considerable OI addition.
The Nifty Put Call Ratio (PCR) finally stood at 0.98 for May
month contract. The top five scrips with highest PCR on OI
were Indian Overseas Bank (2.36), United Breweries (2.11),
Godrej Consumer Products (2.00), Container Corporation of
India (1.38) and IRB Infrastructure Developers (1.28).
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
BIOCON 590.00 2.49 13.19 596.82
BATAINDIA 581.65 4.98 10.84 598.06
TCS 2541.05 0.57 10.72 2555.91
DLF 130.3 3.70 10.64 133.15
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
CUMMINSIND 891.45 2.61 -5.00 #N/A
M&MFIN 301.55 0.25 -4.22 304.13
SUNTV 373.15 5.23 -4.04 379.95
INFRATEL 376.6 1.47 -3.73 380.11
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
HCLTECH 749.90 -6.34 24.63 770.03
NCC 78.60 -0.63 14.45 79.98
ARVIND 279.40 -1.71 13.01 286.01
CEATLTD 1078.95 -8.10 12.83 1103.26
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
NHPC 20.90 -0.95 -8.92 20.98
2nd May' 2016

4. 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 1441 1503 1473 1457 1443 1427 1413 1383 Down Sell
ADANIPORTS 238 252 244 241 237 234 230 222 Up Buy
AMBUJACEM 221 231 226 224 222 219 217 212 Down Sell
ASIANPAINT 868 897 883 875 869 861 854 840 Down Sell
AUROPHARMA 757 802 782 770 763 750 743 723 Down Sell
AXISBANK 471 496 484 477 471 465 459 446 Down Sell
BAJAJ-AUTO 2487 2559 2521 2504 2484 2466 2446 2408 Up Buy
BANKBARODA 158 177 167 162 158 153 148 138 Down Sell
BHARTIARTL 364 390 378 371 366 359 354 342 Down Sell
BHEL 125 132 129 127 125 123 121 118 Up Buy
BOSCHLTD 19591 20855 20300 19946 19745 19391 19190 18636 Down Sell
BPCL 978 1016 995 987 973 965 952 930 Up Buy
CIPLA 538 557 546 542 534 530 523 512 Up Buy
COALINDIA 289 298 293 291 288 286 282 277 Up Buy
DRREDDY 3086 3169 3128 3107 3087 3066 3046 3005 Down Sell
EICHERMOT 19969 20749 20409 20189 20070 19849 19730 19390 Down Sell
GAIL 359 382 371 365 360 354 349 338 Down Sell
GRASIM 4085 4245 4168 4126 4090 4049 4013 3935 Down Sell
HCLTECH 750 857 811 780 764 734 717 670 Down Sell
HDFC 1090 1145 1117 1103 1089 1075 1061 1033 Up Buy
HDFCBANK 1127 1183 1153 1140 1123 1110 1093 1063 Up Buy
HEROMOTOCO 2900 3015 2952 2926 2889 2863 2826 2763 Up Buy
HINDALCO 96 107 102 99 96 93 91 85 Down Sell
HINDUNILVR 869 909 889 879 869 859 849 829 Down Sell
ICICIBANK 238 264 251 244 238 231 225 212 Down Sell
IDEA 119 139 129 124 120 114 110 101 Down Sell
INDUSINDBK 1048 1096 1069 1059 1043 1032 1017 990 Up Buy
INFRATEL 375 393 383 379 372 368 362 352 Up Buy
INFY 1206 1249 1230 1218 1212 1200 1193 1174 Down Sell
ITC 326 336 330 328 324 322 318 312 Up Buy
KOTAKBANK 716 758 734 725 710 701 686 663 Up Buy
LT 1252 1296 1275 1263 1254 1243 1234 1213 Down Sell
LUPIN 1604 1695 1646 1625 1597 1576 1548 1498 Up Buy
M&M 1331 1386 1359 1345 1331 1317 1304 1277 Down Sell
MARUTI 3795 3970 3875 3835 3780 3740 3685 3590 Up Buy
NTPC 140 148 143 141 139 137 134 130 Up Buy
ONGC 217 228 223 220 218 215 213 208 Down Sell
POWERGRID 144 149 146 145 143 141 139 136 Up Buy
RELIANCE 981 1026 1006 993 986 974 966 947 Down Sell
SBIN 189 205 197 193 190 186 182 175 Down Sell
SUNPHARMA 813 832 821 817 809 805 798 787 Up Buy
TATAMOTORS 408 430 419 414 408 403 398 387 Down Sell
TATAMTRDVR 298 320 310 304 299 293 289 279 Down Sell
TATAPOWER 70 75 73 71 70 69 67 64 Up Buy
TATASTEEL 352 372 361 357 350 345 338 327 Up Buy
TCS 2540 2595 2563 2551 2531 2519 2499 2467 Up Buy
TECHM 485 509 496 490 483 477 470 457 Up Buy
ULTRACEMCO 3157 3262 3215 3186 3168 3139 3121 3074 Down Sell
WIPRO 553 569 561 557 553 548 544 536 Down Sell
YESBANK 941 988 964 953 941 929 917 893 Up Buy
2nd May' 2016

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
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2nd May' 2016
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Date: 2016.05.02 08:49:26 +05'30'