The document provides a daily market summary and outlook for January 3rd, 2017. It states that the Nifty may open flat around 8,200 points, tracking positive Asian markets. The Nifty closed marginally lower after early gains due to profit-taking, while strong export numbers and Reliance earnings provided some support. Going forward, the summary expects the Nifty to find support at 8,140 and resistance at 8,250. It also provides technical analysis and recommendations for specific stocks.

1. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Intraday
Today, We may witness flat opening in Nifty around 8200 level on back
of SGX Nifty and other Asian counters which is trading on positive note
today.
The Indian benchmark -- Nifty wiped out all its early gains in last
hour of trade to end marginally lower on account of profit booking
at higher level. After getting a gap-up start market traded in narrow
band with a gain of over half a percent as sentiments remained
optimistic on report that India’s exports in June rose 1.27 per cent
to $22.57 billion, snapping 18-month downward spiral to supported
the market. Some support also came with Reliance Industries
reporting better-than-expected Q1 numbers. The company reported
18 per cent jump in June quarter net profit. Consolidated net profit
at Rs 7,113 crore was 18.1 per cent higher than Rs 6,024 crore in the
same period last fiscal. However, market turned entered into
negative terrain in last leg of trade as traders opted to book profit at
higher level keeping a close watch on the monsoon session of
Parliament which started today amid hopes the government will be
able to pass the Goods and Services Tax Bill that is now stuck in the
Upper House. Some cautiousness crept in with the industry body
Assocham’s statement that government and the main opposition
party should get the long-stalled Constitutional Amendment Bill on
GST passed in the Rajya Sabha in first few days of the monsoon
session of Parliament.
Back home, selling pressure in heavyweights like HDFC, Bharti Airtel,
Reliance Industries, HUL and ICICI Bank too dampened sentiments.
Telecom stocks too ended lower after Idea Cellular and Bharti Airtel
slashed mobile internet rates to offer more value to customers.
Finally nifty settled with a cut of over one third of a percent and a
loss of 32.70 points.
3rd Jan 2017
SENSEX 26,595 -0.12%
NIFTY 8,179 -0.07%
SGX Nifty* 8,192 0.09%
Global Indices
Dow Jones 19,762 -
Nasdaq 5,383 -
FTSE 7,142 -
DAX 11,598 1.01%
Straits Times 2,884 0.10%
Nikkei 225 19,114 -
Hang Seng 22,058 0.26%
Commodities
Gold 27,570 0.45%
Silver 39,136 0.22%
Natural Gas 251 -0.36%
Crude Oil 3,685 0.95%
Currency
Dollar / Rupee 68.22 0.00%
Euro / Rupee 71.31 0.08%
Pound / Rupee 83.71 0.08%
Volumes Rs.mn
Cash BSE 25,148 -19.87
Cash NSE 1,35,903 -8.80
FII Activities Rs.Cr.
Purchase Sale Net
3231 3,434 -202
MF Activities Rs.Cr.
Purchase Sale Net
5563 4,512 1050
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
3rd Jan 2017
L1 L2 L3
R 8216 8254 8295
S 8137 8096 8058
21 DEMA 8113
100 DEMA 8473
250 DEMA 8226
Moving Averages
L1 L2 L3
R 18197 18426 18602
S 17792 17616 17387
21 DEMA 18178
100 DEMA 19111
250 DEMA 18129
Moving Averages
 On a daily chart, Nifty has opened with the gap up but couldn’t sustain and closed at 8179 with loss of 6
point. In intraday session we have seen high volatility.
 Moreover on daily chart, nifty has formed hanging candle stick pattern this is reversal pattern which
need conformation. On other hand Nifty may find support at 8100 which is 20 simple moving averages.
 Options data for January series indicate highest Call Open Interest build-up at the strike of 8200 and
highest Put build-up remains at 8000. Thus Options data suggests a trading range with resistance coming
in at 8200 and support at 8000.
 Going Forward, with above technical structure, we expect support move in the index up to the level
8140 and on higher side resistance at 8250 level.
 On a daily chart, Bank Nifty open with gap up and closed near day's low at 17969 with loss of 1.14 %.
 On daily chart Bank Nifty has formed bearish opening black body morubuzo candlestick pattern which is
engulfed previous day bullishness moreover on daily chart Bank Nifty has been trading below 200 & 20
moving averages which is placed at 18160 & 18177 respectively suggest bearish bias in near term.
 A momentum indicator stochastic reading at 79 level with a negative crossover which points out
negative breath for the index.
 Going Forward, with above technical structure, we expect negative move in the index up to the level
17750

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
3rd Jan 2017
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1354 1387 1369 1361 1350 1343 1332 1313 Up Buy
ADANIPORTS 274 292 283 278 273 268 263 253 Up Buy
AMBUJACEM 215 226 219 217 213 211 207 200 Up Buy
ASIANPAINT 905 949 924 914 898 889 873 848 Up Buy
AUROPHARMA 675 707 689 682 672 665 654 636 Up Buy
AXISBANK 447 468 458 452 447 442 436 425 Up Buy
BAJAJ-AUTO 2602 2807 2705 2654 2603 2551 2500 2398 Down Sell
BANKBARODA 149 164 157 153 150 146 143 136 Down Sell
BHARTIARTL 310 326 317 314 308 305 300 291 Up Buy
BHEL 122 127 125 124 122 121 120 117 Up Buy
BOSCHLTD 21080 21959 21513 21297 21068 20852 20623 20178 Up Buy
BPCL 640 655 648 644 641 637 633 626 Down Sell
CIPLA 565 585 576 571 567 562 558 549 Down Sell
COALINDIA 300 311 306 303 300 297 294 289 Up Buy
DRREDDY 3079 3189 3138 3108 3087 3057 3036 2985 Down Sell
EICHERMOT 22517 23649 23102 22809 22555 22262 22008 21461 Down Sell
GAIL 435 452 445 440 437 432 429 422 Down Sell
GRASIM 872 901 885 879 869 863 853 837 Up Buy
HCLTECH 826 851 839 832 827 821 816 804 Down Sell
HDFC 1217 1351 1293 1255 1234 1196 1176 1118 Down Sell
HDFCBANK 1198 1236 1218 1208 1200 1190 1182 1164 Down Sell
HEROMOTOCO 3029 3183 3107 3068 3030 2991 2954 2877 Down Sell
HINDALCO 160 169 163 161 158 156 152 147 Up Buy
HINDUNILVR 825 842 833 829 824 820 815 806 Up Buy
ICICIBANK 252 269 260 256 252 248 244 236 Up Buy
IDEA 75 79 77 76 75 74 72 70 Up Buy
INDUSINDBK 1087 1159 1127 1107 1095 1075 1062 1030 Down Sell
INFRATEL 344 354 349 347 344 342 340 335 Down Sell
INFY 1003 1032 1019 1011 1005 997 991 978 Down Sell
ITC 240 248 244 242 240 238 237 233 Down Sell
KOTAKBANK 716 741 728 722 715 709 702 690 Up Buy
LT 1359 1399 1379 1369 1359 1349 1339 1319 Up Buy
LUPIN 1507 1565 1532 1519 1498 1485 1464 1430 Up Buy
M&M 1230 1336 1274 1252 1211 1189 1148 1085 Up Buy
MARUTI 5470 5817 5610 5540 5404 5334 5198 4991 Up Buy
NTPC 164 171 168 166 165 163 163 160 Down Sell
ONGC 193 196 194 193 192 192 191 189 Up Buy
POWERGRID 184 189 186 185 184 183 181 179 Down Sell
RELIANCE 1087 1118 1101 1094 1083 1076 1065 1048 Up Buy
SBIN 244 269 258 251 247 240 236 225 Down Sell
SUNPHARMA 634 660 647 641 634 627 620 607 Up Buy
TATAMOTORS 487 521 501 494 481 474 462 442 Up Buy
TATAMTRDVR 308 329 317 313 305 301 293 281 Up Buy
TATAPOWER 76 78 77 76 76 75 75 74 Down Sell
TATASTEEL 406 440 421 413 401 394 382 362 Up Buy
TCS 2360 2408 2385 2373 2363 2350 2340 2317 Down Sell
TECHM 487 511 501 494 490 484 480 469 Down Sell
ULTRACEMCO 3375 3509 3430 3403 3351 3324 3272 3193 Up Buy
WIPRO 471 489 481 476 473 468 465 458 Down Sell
YESBANK 1144 1207 1176 1160 1146 1130 1115 1084 Down Sell

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
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3rd Jan 2017
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Kapil Shah
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ou=Research Team,
email=kapil.shah@choiceindia.com, c=US
Date: 2017.01.03 09:23:58 +05'30'