#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 8140 level on back
of SGX Nifty and other Asian counters which is trading on negative note
today.
Nifty continued its southward journey for second consecutive day on Friday
and finished the choppy day of trade with over a percent cut, on account of
selling in the frontline blue chip counters amid weak global cues. Sentiments
remained subdued on a private report indicating that Cash crunch post
demonetisation is expected to slow India's GDP growth to 6.5% for the fourth
quarter of 2016 and is likely to spill over into the first quarter of 2017.
Investors remained on the sidelines and refrained from any buying activity
ahead of the release of the US monthly jobs data, a referendum in Italy over
its Constitution and the Reserve Bank of India's policy review next week. Fears
of likely delay in GST implementation also caused selling pressure, while the
RBI announcement on market stabilization scheme (MSS) failed to cap the
downside. According to the report, cash-dependent sectors (agriculture,
trade, real estate, construction and transport) and conspicuous consumption
demand (high-end white goods, high-end cars, gold and jewelry and travel)
would likely to be 'particularly hit' by demonetisation. On the global front,
Asian markets ended mostly lower on Friday as the oil rally fizzled out and
rising US Treasury yields, reflected expectations that inflation will accelerate
in 2017, triggering fresh concerns about capital outflows from emerging
markets. Investors remained cautious ahead of US nonfarm payrolls data, a
key economic indicator that the Federal Reserve eyes, due later in the day.
Meanwhile, Stocks in Europe swept lower, as investors stayed cautious before
a referendum in Italy that could trigger fresh political uncertainty in the
region.
The top gainers in Nifty index were EICHERMOT, TATAPOWER, IDEA, BAJAJ-
AUTO, ULTRACEMCO. While on the other hand, top losers were MARUTI,
TATAMOTORS. ASIANPAINT, ADANIPORTS, ZEEL.
5th December 2016
SENSEX 26,231 -1.26%
NIFTY 8,087 -1.31%
SGX Nifty* 8,110 -0.05%
Global Indices
Dow Jones 19,170 -0.11%
Nasdaq 5,256 0.09%
FTSE 6,731 -0.33%
DAX 10,513 -0.20%
Straits Times 2,921 0.05%
Nikkei 225 18,321 -0.57%
Hang Seng 22,572 0.03%
Commodities
Gold 28,111 0.55%
Silver 41,339 1.68%
Natural Gas 234 -2.61%
Crude Oil 3,500 -0.77%
Currency
Dollar / Rupee 68.19 -0.22%
Euro / Rupee 71.90 -0.99%
Pound / Rupee 86.34 -0.25%
Volumes Rs.mn
Cash BSE 27,270 -49.74
Cash NSE 168,054 -3.16
FII Activities Rs.Cr.
Purchase Sale Net
4565.88 5,977 -1411.49
MF Activities Rs.Cr.
Purchase Sale Net
11863.4 9,646 2217.1
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
5th December 2016
L1 L2 L3
R 8141 8195 8230
S 8051 8016 7962
21 DEMA 8219
50 DEMA 8383
100 DEMA 8404
Moving Averages
L1 L2 L3
R 18438 18627 18764
S 18111 17974 17784
21 DEMA 18784
50 DEMA 19061
100 DEMA 18870
Moving Averages
 Nifty has encountered fall of nearly 1000 points which can be split into two parts formal fall was flatter from
8900 to 8500 and later fall was steep from 8500 to 7900 level.
 After a steep decline Nifty has entered in oversold zone, so mild bounce was expected and it occurred in due
time and formed high at 8250 level.
 Immediate top was technically confluence by 50% retracement of steep fall and 250 day moving average.
 Going forward, It seems that Nifty has peaked on lower timeframe further weakness can be seen upto 8070
and 8000 level.
 From past couple of day Bank Nifty is oscillating in the range of 18700 to 18200 range. Its relative strength is
moderating in past couple of days.
 Bank Nifty is still taking support of 250 day long term moving average which is placed at 18100 level.
 Index has formed indecisiveness candle at lower level. Either side breach of previous day level will dictate further
trend.
 Going forward, along with broader index negativity can be expected in banking stock. Once index starts to sustain
below 18100 level supply will have more weight than demand.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The India VIX increased by 7.46% and reached 17.93. The
Nifty was down by 106.10 points or 1.30% to settle at
8,086.80.
From the most active contracts, SBI futures traded at a
discount of 1.20 points at 254.10 compared with spot closing
of 255.30. Tata Motors futures traded at a premium of 2.00
points at 434.90 compared with spot closing of 432.90.
Maruti December 2016 futures traded at a premium of 12.15
points at 5080.25 compared with spot closing of 5068.10.
ICICI Bank December 2016 futures traded at a premium of
0.55 points at 260.05 compared with spot closing of 259.50.
Axis Bank December 2016 futures traded at a premium of
2.30 points at 462.25 compared with spot closing of 459.95.
The Nifty PCR finally stood at 1.13 for December month
contract. The top five scrips with highest PCR on OI were NIIT
Tech (1.88), Hero MotoCorp (1.55), Marico (1.36), Eicher
Motors (1.31) and Ajanta Pharma (1.22).
5th December 2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
ULTRACEMCO 3566.50 0.18 3.87 3592.86
BOSCHLTD 20403.20 0.00 2.63 20634.10
BAJAJ-AUTO 2705.65 0.21 2.14 2726.79
EICHERMOT 22772 2.43 0.89 23084.01
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
TATAELXSI 1315.65 0.48 -8.62 1326.94
GRASIM 874.30 0.06 -2.90 880.85
BEML 827.95 0.33 -1.78 833.47
CIPLA 571.95 0.25 -1.68 574.97
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
UNIONBANK 142.60 -3.78 13.50 144.99
PCJEWELLER 348.50 -0.87 8.51 352.64
KOTAKBANK 727.15 -2.55 7.03 735.44
VOLTAS 304.3 -0.86 6.94 306.69
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
MARUTI 5080.25 -3.34 -8.65 5153.19
GRANULES 111.75 -0.13 -7.91 113.03
CEATLTD 1233.75 -2.07 -5.97 1245.21
BIOCON 916.30 -1.17 -4.79 926.14
DHFL COVERED PUT

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
5th December 2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1335 1363 1350 1343 1330 1323 1310 1290 Up Buy
ADANIPORTS 266 282 278 272 268 262 258 248 Down Sell
AMBUJACEM 205 211 210 207 206 204 202 198 Down Sell
ASIANPAINT 906 962 949 928 915 893 880 846 Down Sell
AUROPHARMA 722 764 754 738 727 712 701 675 Down Sell
AXISBANK 460 474 470 465 462 456 453 444 Down Sell
BAJAJ-AUTO 2714 2797 2756 2735 2694 2673 2632 2570 Up Buy
BANKBARODA 161 169 167 164 162 159 157 151 Down Sell
BHARTIARTL 318 329 325 322 318 315 311 304 Up Buy
BHEL 127 132 131 129 128 126 125 122 Down Sell
BOSCHLTD 20350 21337 21000 20675 20337 20013 19675 19013 Up Buy
BPCL 610 641 633 621 613 602 594 575 Down Sell
CIPLA 571 582 578 574 570 567 562 554 Up Buy
COALINDIA 306 317 314 310 307 303 300 293 Down Sell
DRREDDY 3177 3259 3232 3205 3178 3151 3124 3070 Down Sell
EICHERMOT 22820 23958 23453 23137 22631 22315 21810 20988 Up Buy
GAIL 431 452 447 439 435 427 423 411 Down Sell
GRASIM 872 895 887 880 872 864 856 841 Up Buy
HCLTECH 790 835 826 808 799 781 772 745 Down Sell
HDFC 1237 1282 1271 1254 1244 1227 1216 1189 Down Sell
HDFCBANK 1191 1228 1215 1203 1190 1178 1165 1139 Up Buy
HEROMOTOCO 3180 3270 3240 3210 3180 3150 3120 3060 Down Sell
HINDALCO 169 180 177 173 170 167 164 157 Down Sell
HINDUNILVR 834 866 857 846 837 825 817 796 Down Sell
ICICIBANK 259 273 269 264 260 255 251 242 Down Sell
IDEA 73 78 76 75 73 72 70 67 Up Buy
INDUSINDBK 1061 1099 1088 1075 1063 1050 1039 1014 Down Sell
INFRATEL 386 404 398 392 387 381 375 364 Down Sell
INFY 963 977 973 968 965 960 956 948 Down Sell
ITC 228 237 235 232 230 227 225 220 Down Sell
KOTAKBANK 724 763 753 739 729 715 705 681 Down Sell
LT 1359 1393 1387 1373 1366 1352 1345 1325 Down Sell
LUPIN 1491 1536 1525 1508 1497 1480 1469 1440 Down Sell
M&M 1147 1182 1173 1160 1151 1138 1129 1106 Down Sell
MARUTI 5051 5366 5301 5176 5111 4986 4921 4731 Down Sell
NTPC 162 166 165 163 161 160 158 155 Up Buy
ONGC 292 300 298 295 293 289 287 282 Down Sell
POWERGRID 184 189 187 186 184 182 181 177 Down Sell
RELIANCE 996 1016 1011 1003 997 990 984 971 Down Sell
SBIN 254 268 265 259 256 251 248 239 Down Sell
SUNPHARMA 722 744 738 730 723 715 708 693 Down Sell
TATAMOTORS 432 469 461 447 439 424 417 394 Down Sell
TATAMTRDVR 286 306 302 294 290 282 277 265 Down Sell
TATAPOWER 73 77 76 75 73 72 71 69 Down Sell
TATASTEEL 407 419 415 411 408 404 400 393 Down Sell
TCS 2229 2330 2301 2265 2235 2199 2169 2104 Down Sell
TECHM 474 491 487 480 476 470 465 454 Down Sell
ULTRACEMCO 3590 3688 3644 3617 3572 3546 3501 3430 Up Buy
WIPRO 459 479 475 467 463 454 450 438 Down Sell
YESBANK 1152 1184 1174 1163 1153 1142 1132 1111 Down Sell
ZEEL 442 468 463 453 447 437 431 415 Down Sell

5. 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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information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast
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issued by Choice Broking in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on
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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
5th 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: 2016.12.05 08:56:06 +05'30'