SlideShare a Scribd company logo
Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Intraday
Today, We may witness Mild positive opening in Nifty around 8935 level
on back of SGX Nifty and other Asian counters which is trading on
positive note today.
Nifty recovered from its initial losses but still closed the last trading
session of the week on a flat note with marginal losses. The market
sentiments remained cautious ahead of a speech by U.S. Federal
Reserve Chair Janet Yellen and declaration of the Assembly Election
results next week. Some concern also came with Chief Economic
Advisor Arvind Subramanian’s statement that Economic and
political systems in India have 'not developed maturity' for nuanced
interventions and tend to take recourse to bans and restrictions.
However, downside remained capped with a report that services
industry returned to growth in February for the first time in four
months, as demand slowly recovers after the government's cash
crackdown late last year. The seasonally adjusted Nikkei Services
Business Activity Index rose back above the 50.0 no-change mark in
February, posting 50.3 from 48.7 in January. The seasonally
adjusted Nikkei India Composite PMI Output Index too climbed to
50.7 from 49.4 in January to signal the first increase in private
sector activity across India since last October.
Traders were seen piling up positions in Realty, Metal and Media
stocks, while selling was witnessed only in PSU, Financial Services
and FMCG stocks.
06th
March-17
SENSEX 28,832 -0.03%
NIFTY 8,897 -0.02%
SGX Nifty* 8,934 0.14%
Global Indices
Dow Jones 20,950 -0.45%
Nasdaq 5,870 0.16%
FTSE 7,374 -0.11%
DAX 12,027 -0.27%
Straits Times 3,111 -0.32%
Nikkei 225 19,370 -0.51%
Hang Seng 23,592 0.17%
Commodities
Gold 29,020 -0.52%
Silver 42,532 -0.26%
Natural Gas 187 -0.53%
Crude Oil 3,556 0.53%
Currency
Dollar / Rupee 66.81 0.15%
Euro / Rupee 70.81 -0.06%
Pound / Rupee 81.99 -0.04%
Volumes Rs.mn
Cash BSE 56,519 -17.37
Cash NSE 219,973 -11.16
FII Activities Rs.Cr.
Purchase Sale Net
5370.99 6,120 -749.25
MF Activities Rs.Cr.
Purchase Sale Net
9707.7 6,642 3066.2
Indian Markets
*Sources- Bloomberg, Moneycontrol, Zeebusiness, livemint
Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Outlook
Bank Nifty Outlook
 Nifty previous close came with loss of -0.47%. It has halted its 5 week winning stick and formed mild
bear candle.
 However candlestick pattern still signifies continuation characteristic as it has not violated its
previous candle low.
 On daily chart Nifty came into consolidation phase and its 4th instance from its base level. However
intraday volatility has been observed.
 Going forward, positive stance can be maintained and upside momentum can be seen upto 8950 and
on downside support can be seen upto 8850 level.
 Nifty bank has remained in dark spot as it has lost more ground in compare to other sectors. Previous
week has closed with loss of 1.83%.
 Nifty bank has formed bear candle and it has breached its previous low but managed to close above
that.
 From past 2 weeks nifty bank is oscillating in the range of 20400 to 21000 which shows range bound
nature of index.
 Going forward either side breach will dictate further trend but as of now positive stance can be
maintained with sustainability above 20400 level.
21 DEMA 8807
100 DEMA 8516
250 DEMA 8345
Moving Averages
L1 L2 L3
R 8916 8935 8963
S 8869 8841 8822
L1 L2 L3
R 20576 20656 20733
S 20419 20342 20262
21 DEMA 20343
100 DEMA 19342
250 DEMA 18594
Moving Averages
06th
March-17
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 1393 1452 1426 1410 1400 1384 1374 1348 Down Sell
ADANIPORTS 297 308 302 299 295 293 289 282 Up Buy
AMBUJACEM 225 238 232 229 227 223 221 215 Down Sell
ASIANPAINT 1015 1058 1037 1026 1016 1005 995 974 Down Sell
AUROPHARMA 675 693 683 679 672 668 662 652 Up Buy
AXISBANK 514 529 520 517 512 508 503 494 Up Buy
BAJAJ-AUTO 2830 2889 2857 2844 2825 2812 2793 2761 Up Buy
BANKBARODA 160 167 164 162 161 159 158 154 Down Sell
BHARTIARTL 356 373 365 361 357 353 349 341 Down Sell
BHEL 158 167 163 161 158 156 154 149 Up Buy
BOSCHLTD 21130 22327 21797 21463 21267 20933 20737 20207 Down Sell
BPCL 632 668 648 640 627 619 607 587 Up Buy
CIPLA 588 613 602 595 590 583 578 567 Down Sell
COALINDIA 321 330 326 323 322 320 318 314 Down Sell
DRREDDY 2865 2935 2904 2885 2874 2854 2844 2814 Down Sell
EICHERMOT 23168 23947 23564 23366 23182 22984 22799 22417 Down Sell
GAIL 519 554 534 527 514 507 494 474 Up Buy
GRASIM 1022 1090 1052 1037 1014 998 975 937 Up Buy
HCLTECH 850 886 866 858 847 839 827 807 Up Buy
HDFC 1371 1440 1409 1390 1378 1359 1347 1316 Down Sell
HDFCBANK 1377 1408 1392 1385 1377 1369 1361 1346 Up Buy
HEROMOTOCO 3272 3423 3338 3305 3253 3220 3168 3083 Up Buy
HINDALCO 199 219 207 203 196 191 184 172 Up Buy
HINDUNILVR 880 894 886 883 877 874 868 859 Up Buy
ICICIBANK 276 284 281 278 277 275 273 269 Down Sell
IDEA 111 118 114 113 111 109 107 104 Down Sell
INDUSINDBK 1298 1339 1318 1308 1298 1287 1277 1257 Down Sell
INFRATEL 308 336 320 314 304 298 288 272 Up Buy
INFY 1032 1090 1056 1044 1022 1010 988 954 Up Buy
ITC 263 272 267 265 261 259 256 251 Up Buy
KOTAKBANK 813 839 825 819 811 805 797 783 Up Buy
LT 1471 1506 1488 1480 1470 1461 1451 1433 Up Buy
LUPIN 1470 1512 1490 1480 1469 1459 1447 1426 Up Buy
M&M 1322 1358 1340 1331 1323 1314 1305 1287 Down Sell
MARUTI 5892 6007 5953 5922 5899 5868 5845 5791 Down Sell
NTPC 157 161 159 158 156 156 154 151 Up Buy
ONGC 193 197 195 194 193 192 191 189 Up Buy
POWERGRID 191 197 193 192 190 189 187 184 Up Buy
RELIANCE 1259 1355 1309 1284 1263 1238 1216 1170 Down Sell
SBIN 266 276 271 268 266 264 262 257 Down Sell
SUNPHARMA 687 717 700 693 682 676 665 647 Up Buy
TATAMOTORS 460 478 470 465 462 457 454 445 Down Sell
TATAMTRDVR 281 291 286 283 281 279 277 272 Down Sell
TATAPOWER 82 86 84 83 82 81 80 78 Down Sell
TATASTEEL 494 510 502 498 494 490 486 477 Up Buy
TCS 2490 2537 2513 2501 2488 2477 2464 2440 Up Buy
TECHM 503 513 508 505 503 500 497 492 Down Sell
ULTRACEMCO 3807 3977 3897 3852 3817 3772 3737 3657 Down Sell
WIPRO 493 509 500 497 492 488 484 475 Up Buy
YESBANK 1433 1475 1454 1443 1432 1421 1410 1388 Up Buy
ZEEL 503 523 512 508 501 496 489 478 Up Buy
06th
March-17
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
This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial
instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in
any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but
Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the
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
future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations
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
information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or warranty and accepts no responsibility
or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without
notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended
purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may
be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is
strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current
performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee
against the loss of your entire investment.
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
Kapil Shah
Research Associate
kapil.shah@choiceindia.com
06th
March-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: 2017.03.06 09:08:04 +05'30'

More Related Content

What's hot

Equity bazar 6th jan
Equity bazar 6th janEquity bazar 6th jan
Equity bazar 6th jan
Choice Equity
 
Equity bazaar 07022017..
Equity bazaar 07022017..Equity bazaar 07022017..
Equity bazaar 07022017..
Choice Equity
 
Equity bazaar 01022017
Equity bazaar 01022017Equity bazaar 01022017
Equity bazaar 01022017
Choice Equity
 
D direction 07022017
D direction 07022017D direction 07022017
D direction 07022017
Choice Equity
 
Equity bazaar 13012017
Equity bazaar 13012017Equity bazaar 13012017
Equity bazaar 13012017
Choice Equity
 
Equity bazaar 12012017
Equity bazaar 12012017Equity bazaar 12012017
Equity bazaar 12012017
Choice Equity
 
Equity bazaar 03022017..
Equity bazaar 03022017..Equity bazaar 03022017..
Equity bazaar 03022017..
Choice Equity
 
Equity bazaar 17012017
Equity bazaar 17012017Equity bazaar 17012017
Equity bazaar 17012017
Choice Equity
 
Equity bazaar 17032017
Equity bazaar 17032017Equity bazaar 17032017
Equity bazaar 17032017
Choice Equity
 
Equity bazaar 31012017
Equity bazaar 31012017Equity bazaar 31012017
Equity bazaar 31012017
Choice Equity
 
Equity bazaar 24012017
Equity bazaar 24012017Equity bazaar 24012017
Equity bazaar 24012017
Choice Equity
 
Equity bazaar 04.01.2017
Equity bazaar 04.01.2017Equity bazaar 04.01.2017
Equity bazaar 04.01.2017
Choice Equity
 
Equity bazaar 14.12.2016
Equity bazaar 14.12.2016Equity bazaar 14.12.2016
Equity bazaar 14.12.2016
Choice Equity
 
Morning tea 01 06-2016
Morning tea 01 06-2016Morning tea 01 06-2016
Morning tea 01 06-2016
choice broking
 
Equity bazaar 22.03.17
Equity bazaar 22.03.17Equity bazaar 22.03.17
Equity bazaar 22.03.17
Choice Equity
 
Equity bazaar 23.03.17
Equity bazaar 23.03.17Equity bazaar 23.03.17
Equity bazaar 23.03.17
Choice Equity
 
Equity bazaar 28.12.2016
Equity bazaar 28.12.2016Equity bazaar 28.12.2016
Equity bazaar 28.12.2016
Choice Equity
 
Equity bazaar 06.05.2016
Equity bazaar 06.05.2016Equity bazaar 06.05.2016
Equity bazaar 06.05.2016
Choice Equity
 
Morning tea 17 05-2016
Morning tea 17 05-2016Morning tea 17 05-2016
Morning tea 17 05-2016
Choice Equity
 
Morning tea 04 01-2017
Morning tea 04 01-2017Morning tea 04 01-2017
Morning tea 04 01-2017
Choice Equity
 

What's hot (20)

Equity bazar 6th jan
Equity bazar 6th janEquity bazar 6th jan
Equity bazar 6th jan
 
Equity bazaar 07022017..
Equity bazaar 07022017..Equity bazaar 07022017..
Equity bazaar 07022017..
 
Equity bazaar 01022017
Equity bazaar 01022017Equity bazaar 01022017
Equity bazaar 01022017
 
D direction 07022017
D direction 07022017D direction 07022017
D direction 07022017
 
Equity bazaar 13012017
Equity bazaar 13012017Equity bazaar 13012017
Equity bazaar 13012017
 
Equity bazaar 12012017
Equity bazaar 12012017Equity bazaar 12012017
Equity bazaar 12012017
 
Equity bazaar 03022017..
Equity bazaar 03022017..Equity bazaar 03022017..
Equity bazaar 03022017..
 
Equity bazaar 17012017
Equity bazaar 17012017Equity bazaar 17012017
Equity bazaar 17012017
 
Equity bazaar 17032017
Equity bazaar 17032017Equity bazaar 17032017
Equity bazaar 17032017
 
Equity bazaar 31012017
Equity bazaar 31012017Equity bazaar 31012017
Equity bazaar 31012017
 
Equity bazaar 24012017
Equity bazaar 24012017Equity bazaar 24012017
Equity bazaar 24012017
 
Equity bazaar 04.01.2017
Equity bazaar 04.01.2017Equity bazaar 04.01.2017
Equity bazaar 04.01.2017
 
Equity bazaar 14.12.2016
Equity bazaar 14.12.2016Equity bazaar 14.12.2016
Equity bazaar 14.12.2016
 
Morning tea 01 06-2016
Morning tea 01 06-2016Morning tea 01 06-2016
Morning tea 01 06-2016
 
Equity bazaar 22.03.17
Equity bazaar 22.03.17Equity bazaar 22.03.17
Equity bazaar 22.03.17
 
Equity bazaar 23.03.17
Equity bazaar 23.03.17Equity bazaar 23.03.17
Equity bazaar 23.03.17
 
Equity bazaar 28.12.2016
Equity bazaar 28.12.2016Equity bazaar 28.12.2016
Equity bazaar 28.12.2016
 
Equity bazaar 06.05.2016
Equity bazaar 06.05.2016Equity bazaar 06.05.2016
Equity bazaar 06.05.2016
 
Morning tea 17 05-2016
Morning tea 17 05-2016Morning tea 17 05-2016
Morning tea 17 05-2016
 
Morning tea 04 01-2017
Morning tea 04 01-2017Morning tea 04 01-2017
Morning tea 04 01-2017
 

Viewers also liked

Morning tea 06 03-2017
Morning tea 06 03-2017Morning tea 06 03-2017
Morning tea 06 03-2017
choice broking
 
Aaj ka trend 06.03.17
Aaj ka trend 06.03.17Aaj ka trend 06.03.17
Aaj ka trend 06.03.17
choice broking
 
Currency high lights 06.03.17
Currency high lights 06.03.17Currency high lights 06.03.17
Currency high lights 06.03.17
choice broking
 
D direction 06032017
D direction 06032017D direction 06032017
D direction 06032017
choice broking
 
Atanu Roy phytoplankton 2016
Atanu Roy phytoplankton 2016Atanu Roy phytoplankton 2016
Atanu Roy phytoplankton 2016
Abhijit Mitra
 
3Com 717041-005
3Com 717041-0053Com 717041-005
3Com 717041-005
savomir
 
Clase 6
Clase 6Clase 6
Pitchin
PitchinPitchin
Pitchin
Jason Chee
 
Presentation shoes XXI century
Presentation shoes XXI centuryPresentation shoes XXI century
Presentation shoes XXI century
Василий Серов
 
Vasu Contracts Pvt Ltd company profile
Vasu Contracts Pvt Ltd  company profileVasu Contracts Pvt Ltd  company profile
Vasu Contracts Pvt Ltd company profile
Satish Verma
 
Cómo tener una idea para experimentar
Cómo tener una idea para experimentarCómo tener una idea para experimentar
Cómo tener una idea para experimentar
Oscar Chavez
 
Festival de citas
Festival de citasFestival de citas
Festival de citas
Leonardo Montero Lopez
 
Ao meu namorado virgínia branco à minha namorada humberto poeta
Ao meu namorado virgínia branco à minha namorada humberto poetaAo meu namorado virgínia branco à minha namorada humberto poeta
Ao meu namorado virgínia branco à minha namorada humberto poeta
Luzia Gabriele
 
3Com 150A0045-02
3Com 150A0045-023Com 150A0045-02
3Com 150A0045-02
savomir
 
3Com 3C17203 NEW
3Com 3C17203 NEW3Com 3C17203 NEW
3Com 3C17203 NEW
savomir
 
Cuentosdehalloween
CuentosdehalloweenCuentosdehalloween
Cuentosdehalloween
Estrella Casanueva
 
Presentación Riesgos Jorge Lander IE
Presentación Riesgos Jorge Lander IEPresentación Riesgos Jorge Lander IE
Presentación Riesgos Jorge Lander IE
Jorge F. Lander
 

Viewers also liked (18)

Morning tea 06 03-2017
Morning tea 06 03-2017Morning tea 06 03-2017
Morning tea 06 03-2017
 
Aaj ka trend 06.03.17
Aaj ka trend 06.03.17Aaj ka trend 06.03.17
Aaj ka trend 06.03.17
 
Currency high lights 06.03.17
Currency high lights 06.03.17Currency high lights 06.03.17
Currency high lights 06.03.17
 
D direction 06032017
D direction 06032017D direction 06032017
D direction 06032017
 
Atanu Roy phytoplankton 2016
Atanu Roy phytoplankton 2016Atanu Roy phytoplankton 2016
Atanu Roy phytoplankton 2016
 
3Com 717041-005
3Com 717041-0053Com 717041-005
3Com 717041-005
 
Clase 6
Clase 6Clase 6
Clase 6
 
Pitchin
PitchinPitchin
Pitchin
 
Presentation shoes XXI century
Presentation shoes XXI centuryPresentation shoes XXI century
Presentation shoes XXI century
 
Vasu Contracts Pvt Ltd company profile
Vasu Contracts Pvt Ltd  company profileVasu Contracts Pvt Ltd  company profile
Vasu Contracts Pvt Ltd company profile
 
Cómo tener una idea para experimentar
Cómo tener una idea para experimentarCómo tener una idea para experimentar
Cómo tener una idea para experimentar
 
Sev p1 robert gomez
Sev p1 robert gomezSev p1 robert gomez
Sev p1 robert gomez
 
Festival de citas
Festival de citasFestival de citas
Festival de citas
 
Ao meu namorado virgínia branco à minha namorada humberto poeta
Ao meu namorado virgínia branco à minha namorada humberto poetaAo meu namorado virgínia branco à minha namorada humberto poeta
Ao meu namorado virgínia branco à minha namorada humberto poeta
 
3Com 150A0045-02
3Com 150A0045-023Com 150A0045-02
3Com 150A0045-02
 
3Com 3C17203 NEW
3Com 3C17203 NEW3Com 3C17203 NEW
3Com 3C17203 NEW
 
Cuentosdehalloween
CuentosdehalloweenCuentosdehalloween
Cuentosdehalloween
 
Presentación Riesgos Jorge Lander IE
Presentación Riesgos Jorge Lander IEPresentación Riesgos Jorge Lander IE
Presentación Riesgos Jorge Lander IE
 

Similar to Equity bazaar 06032017..

Equity bazaar 03.01.2017
Equity bazaar 03.01.2017Equity bazaar 03.01.2017
Equity bazaar 03.01.2017
Choice Equity
 
Equity bazaar 23012017
Equity bazaar 23012017Equity bazaar 23012017
Equity bazaar 23012017
Choice Equity
 
Equity bazaar 13022017.. (1)
Equity bazaar 13022017.. (1)Equity bazaar 13022017.. (1)
Equity bazaar 13022017.. (1)
Choice Equity
 
Equity bazar 9th jan
Equity bazar 9th janEquity bazar 9th jan
Equity bazar 9th jan
Choice Equity
 
Equity bazaar 01.06.2016
Equity bazaar 01.06.2016Equity bazaar 01.06.2016
Equity bazaar 01.06.2016
choice broking
 
Equity bazaar 18012017
Equity bazaar 18012017Equity bazaar 18012017
Equity bazaar 18012017
choice broking
 
Equity bazaar 30.12.2016
Equity bazaar 30.12.2016Equity bazaar 30.12.2016
Equity bazaar 30.12.2016
Choice Equity
 
Equity bazaar 09.05.2016
Equity bazaar 09.05.2016Equity bazaar 09.05.2016
Equity bazaar 09.05.2016
Choice Equity
 
Equity bazar 10th jan
Equity bazar 10th janEquity bazar 10th jan
Equity bazar 10th jan
Choice Equity
 
Equity bazaar 14022017..
Equity bazaar 14022017..Equity bazaar 14022017..
Equity bazaar 14022017..
Choice Equity
 
Equity bazaar 02.06.2016
Equity bazaar 02.06.2016Equity bazaar 02.06.2016
Equity bazaar 02.06.2016
Choice Equity
 
Equity bazaar 05.10.2016
Equity bazaar 05.10.2016Equity bazaar 05.10.2016
Equity bazaar 05.10.2016
Choice Equity
 
Equity bazaar 27.05.2016
Equity bazaar 27.05.2016Equity bazaar 27.05.2016
Equity bazaar 27.05.2016
Choice Equity
 
Equity bazaar 09.12.2016
Equity bazaar 09.12.2016Equity bazaar 09.12.2016
Equity bazaar 09.12.2016
Choice Equity
 
Equity bazaar 04.11.2016
Equity bazaar 04.11.2016Equity bazaar 04.11.2016
Equity bazaar 04.11.2016
Choice Equity
 

Similar to Equity bazaar 06032017.. (15)

Equity bazaar 03.01.2017
Equity bazaar 03.01.2017Equity bazaar 03.01.2017
Equity bazaar 03.01.2017
 
Equity bazaar 23012017
Equity bazaar 23012017Equity bazaar 23012017
Equity bazaar 23012017
 
Equity bazaar 13022017.. (1)
Equity bazaar 13022017.. (1)Equity bazaar 13022017.. (1)
Equity bazaar 13022017.. (1)
 
Equity bazar 9th jan
Equity bazar 9th janEquity bazar 9th jan
Equity bazar 9th jan
 
Equity bazaar 01.06.2016
Equity bazaar 01.06.2016Equity bazaar 01.06.2016
Equity bazaar 01.06.2016
 
Equity bazaar 18012017
Equity bazaar 18012017Equity bazaar 18012017
Equity bazaar 18012017
 
Equity bazaar 30.12.2016
Equity bazaar 30.12.2016Equity bazaar 30.12.2016
Equity bazaar 30.12.2016
 
Equity bazaar 09.05.2016
Equity bazaar 09.05.2016Equity bazaar 09.05.2016
Equity bazaar 09.05.2016
 
Equity bazar 10th jan
Equity bazar 10th janEquity bazar 10th jan
Equity bazar 10th jan
 
Equity bazaar 14022017..
Equity bazaar 14022017..Equity bazaar 14022017..
Equity bazaar 14022017..
 
Equity bazaar 02.06.2016
Equity bazaar 02.06.2016Equity bazaar 02.06.2016
Equity bazaar 02.06.2016
 
Equity bazaar 05.10.2016
Equity bazaar 05.10.2016Equity bazaar 05.10.2016
Equity bazaar 05.10.2016
 
Equity bazaar 27.05.2016
Equity bazaar 27.05.2016Equity bazaar 27.05.2016
Equity bazaar 27.05.2016
 
Equity bazaar 09.12.2016
Equity bazaar 09.12.2016Equity bazaar 09.12.2016
Equity bazaar 09.12.2016
 
Equity bazaar 04.11.2016
Equity bazaar 04.11.2016Equity bazaar 04.11.2016
Equity bazaar 04.11.2016
 

Recently uploaded

What price will pi network be listed on exchanges
What price will pi network be listed on exchangesWhat price will pi network be listed on exchanges
What price will pi network be listed on exchanges
DOT TECH
 
PF-Wagner's Theory of Public Expenditure.pptx
PF-Wagner's Theory of Public Expenditure.pptxPF-Wagner's Theory of Public Expenditure.pptx
PF-Wagner's Theory of Public Expenditure.pptx
GunjanSharma28848
 
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
Turin Startup Ecosystem 2024  - Ricerca sulle Startup e il Sistema dell'Innov...Turin Startup Ecosystem 2024  - Ricerca sulle Startup e il Sistema dell'Innov...
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
Quotidiano Piemontese
 
Summary of financial results for 1Q2024
Summary of financial  results for 1Q2024Summary of financial  results for 1Q2024
Summary of financial results for 1Q2024
InterCars
 
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfUS Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
pchutichetpong
 
Financial Assets: Debit vs Equity Securities.pptx
Financial Assets: Debit vs Equity Securities.pptxFinancial Assets: Debit vs Equity Securities.pptx
Financial Assets: Debit vs Equity Securities.pptx
Writo-Finance
 
how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.
DOT TECH
 
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
ydubwyt
 
How to get verified on Coinbase Account?_.docx
How to get verified on Coinbase Account?_.docxHow to get verified on Coinbase Account?_.docx
How to get verified on Coinbase Account?_.docx
Buy bitget
 
how to sell pi coins on Binance exchange
how to sell pi coins on Binance exchangehow to sell pi coins on Binance exchange
how to sell pi coins on Binance exchange
DOT TECH
 
when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.
DOT TECH
 
The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.
DOT TECH
 
Introduction to Indian Financial System ()
Introduction to Indian Financial System ()Introduction to Indian Financial System ()
Introduction to Indian Financial System ()
Avanish Goel
 
Introduction to Value Added Tax System.ppt
Introduction to Value Added Tax System.pptIntroduction to Value Added Tax System.ppt
Introduction to Value Added Tax System.ppt
VishnuVenugopal84
 
Isios-2024-Professional-Independent-Trustee-Survey.pdf
Isios-2024-Professional-Independent-Trustee-Survey.pdfIsios-2024-Professional-Independent-Trustee-Survey.pdf
Isios-2024-Professional-Independent-Trustee-Survey.pdf
Henry Tapper
 
how can I sell/buy bulk pi coins securely
how can I sell/buy bulk pi coins securelyhow can I sell/buy bulk pi coins securely
how can I sell/buy bulk pi coins securely
DOT TECH
 
how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.
DOT TECH
 
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
Falcon Invoice Discounting
 
Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024
Commercial Bank of Ceylon PLC
 
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit CardPoonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
nickysharmasucks
 

Recently uploaded (20)

What price will pi network be listed on exchanges
What price will pi network be listed on exchangesWhat price will pi network be listed on exchanges
What price will pi network be listed on exchanges
 
PF-Wagner's Theory of Public Expenditure.pptx
PF-Wagner's Theory of Public Expenditure.pptxPF-Wagner's Theory of Public Expenditure.pptx
PF-Wagner's Theory of Public Expenditure.pptx
 
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
Turin Startup Ecosystem 2024  - Ricerca sulle Startup e il Sistema dell'Innov...Turin Startup Ecosystem 2024  - Ricerca sulle Startup e il Sistema dell'Innov...
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
 
Summary of financial results for 1Q2024
Summary of financial  results for 1Q2024Summary of financial  results for 1Q2024
Summary of financial results for 1Q2024
 
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfUS Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
 
Financial Assets: Debit vs Equity Securities.pptx
Financial Assets: Debit vs Equity Securities.pptxFinancial Assets: Debit vs Equity Securities.pptx
Financial Assets: Debit vs Equity Securities.pptx
 
how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.
 
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
 
How to get verified on Coinbase Account?_.docx
How to get verified on Coinbase Account?_.docxHow to get verified on Coinbase Account?_.docx
How to get verified on Coinbase Account?_.docx
 
how to sell pi coins on Binance exchange
how to sell pi coins on Binance exchangehow to sell pi coins on Binance exchange
how to sell pi coins on Binance exchange
 
when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.
 
The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.
 
Introduction to Indian Financial System ()
Introduction to Indian Financial System ()Introduction to Indian Financial System ()
Introduction to Indian Financial System ()
 
Introduction to Value Added Tax System.ppt
Introduction to Value Added Tax System.pptIntroduction to Value Added Tax System.ppt
Introduction to Value Added Tax System.ppt
 
Isios-2024-Professional-Independent-Trustee-Survey.pdf
Isios-2024-Professional-Independent-Trustee-Survey.pdfIsios-2024-Professional-Independent-Trustee-Survey.pdf
Isios-2024-Professional-Independent-Trustee-Survey.pdf
 
how can I sell/buy bulk pi coins securely
how can I sell/buy bulk pi coins securelyhow can I sell/buy bulk pi coins securely
how can I sell/buy bulk pi coins securely
 
how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.
 
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
 
Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024
 
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit CardPoonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
 

Equity bazaar 06032017..

  • 1. Equity Bazaar SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds Nifty Intraday Today, We may witness Mild positive opening in Nifty around 8935 level on back of SGX Nifty and other Asian counters which is trading on positive note today. Nifty recovered from its initial losses but still closed the last trading session of the week on a flat note with marginal losses. The market sentiments remained cautious ahead of a speech by U.S. Federal Reserve Chair Janet Yellen and declaration of the Assembly Election results next week. Some concern also came with Chief Economic Advisor Arvind Subramanian’s statement that Economic and political systems in India have 'not developed maturity' for nuanced interventions and tend to take recourse to bans and restrictions. However, downside remained capped with a report that services industry returned to growth in February for the first time in four months, as demand slowly recovers after the government's cash crackdown late last year. The seasonally adjusted Nikkei Services Business Activity Index rose back above the 50.0 no-change mark in February, posting 50.3 from 48.7 in January. The seasonally adjusted Nikkei India Composite PMI Output Index too climbed to 50.7 from 49.4 in January to signal the first increase in private sector activity across India since last October. Traders were seen piling up positions in Realty, Metal and Media stocks, while selling was witnessed only in PSU, Financial Services and FMCG stocks. 06th March-17 SENSEX 28,832 -0.03% NIFTY 8,897 -0.02% SGX Nifty* 8,934 0.14% Global Indices Dow Jones 20,950 -0.45% Nasdaq 5,870 0.16% FTSE 7,374 -0.11% DAX 12,027 -0.27% Straits Times 3,111 -0.32% Nikkei 225 19,370 -0.51% Hang Seng 23,592 0.17% Commodities Gold 29,020 -0.52% Silver 42,532 -0.26% Natural Gas 187 -0.53% Crude Oil 3,556 0.53% Currency Dollar / Rupee 66.81 0.15% Euro / Rupee 70.81 -0.06% Pound / Rupee 81.99 -0.04% Volumes Rs.mn Cash BSE 56,519 -17.37 Cash NSE 219,973 -11.16 FII Activities Rs.Cr. Purchase Sale Net 5370.99 6,120 -749.25 MF Activities Rs.Cr. Purchase Sale Net 9707.7 6,642 3066.2 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  Nifty previous close came with loss of -0.47%. It has halted its 5 week winning stick and formed mild bear candle.  However candlestick pattern still signifies continuation characteristic as it has not violated its previous candle low.  On daily chart Nifty came into consolidation phase and its 4th instance from its base level. However intraday volatility has been observed.  Going forward, positive stance can be maintained and upside momentum can be seen upto 8950 and on downside support can be seen upto 8850 level.  Nifty bank has remained in dark spot as it has lost more ground in compare to other sectors. Previous week has closed with loss of 1.83%.  Nifty bank has formed bear candle and it has breached its previous low but managed to close above that.  From past 2 weeks nifty bank is oscillating in the range of 20400 to 21000 which shows range bound nature of index.  Going forward either side breach will dictate further trend but as of now positive stance can be maintained with sustainability above 20400 level. 21 DEMA 8807 100 DEMA 8516 250 DEMA 8345 Moving Averages L1 L2 L3 R 8916 8935 8963 S 8869 8841 8822 L1 L2 L3 R 20576 20656 20733 S 20419 20342 20262 21 DEMA 20343 100 DEMA 19342 250 DEMA 18594 Moving Averages 06th March-17
  • 3. 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 1393 1452 1426 1410 1400 1384 1374 1348 Down Sell ADANIPORTS 297 308 302 299 295 293 289 282 Up Buy AMBUJACEM 225 238 232 229 227 223 221 215 Down Sell ASIANPAINT 1015 1058 1037 1026 1016 1005 995 974 Down Sell AUROPHARMA 675 693 683 679 672 668 662 652 Up Buy AXISBANK 514 529 520 517 512 508 503 494 Up Buy BAJAJ-AUTO 2830 2889 2857 2844 2825 2812 2793 2761 Up Buy BANKBARODA 160 167 164 162 161 159 158 154 Down Sell BHARTIARTL 356 373 365 361 357 353 349 341 Down Sell BHEL 158 167 163 161 158 156 154 149 Up Buy BOSCHLTD 21130 22327 21797 21463 21267 20933 20737 20207 Down Sell BPCL 632 668 648 640 627 619 607 587 Up Buy CIPLA 588 613 602 595 590 583 578 567 Down Sell COALINDIA 321 330 326 323 322 320 318 314 Down Sell DRREDDY 2865 2935 2904 2885 2874 2854 2844 2814 Down Sell EICHERMOT 23168 23947 23564 23366 23182 22984 22799 22417 Down Sell GAIL 519 554 534 527 514 507 494 474 Up Buy GRASIM 1022 1090 1052 1037 1014 998 975 937 Up Buy HCLTECH 850 886 866 858 847 839 827 807 Up Buy HDFC 1371 1440 1409 1390 1378 1359 1347 1316 Down Sell HDFCBANK 1377 1408 1392 1385 1377 1369 1361 1346 Up Buy HEROMOTOCO 3272 3423 3338 3305 3253 3220 3168 3083 Up Buy HINDALCO 199 219 207 203 196 191 184 172 Up Buy HINDUNILVR 880 894 886 883 877 874 868 859 Up Buy ICICIBANK 276 284 281 278 277 275 273 269 Down Sell IDEA 111 118 114 113 111 109 107 104 Down Sell INDUSINDBK 1298 1339 1318 1308 1298 1287 1277 1257 Down Sell INFRATEL 308 336 320 314 304 298 288 272 Up Buy INFY 1032 1090 1056 1044 1022 1010 988 954 Up Buy ITC 263 272 267 265 261 259 256 251 Up Buy KOTAKBANK 813 839 825 819 811 805 797 783 Up Buy LT 1471 1506 1488 1480 1470 1461 1451 1433 Up Buy LUPIN 1470 1512 1490 1480 1469 1459 1447 1426 Up Buy M&M 1322 1358 1340 1331 1323 1314 1305 1287 Down Sell MARUTI 5892 6007 5953 5922 5899 5868 5845 5791 Down Sell NTPC 157 161 159 158 156 156 154 151 Up Buy ONGC 193 197 195 194 193 192 191 189 Up Buy POWERGRID 191 197 193 192 190 189 187 184 Up Buy RELIANCE 1259 1355 1309 1284 1263 1238 1216 1170 Down Sell SBIN 266 276 271 268 266 264 262 257 Down Sell SUNPHARMA 687 717 700 693 682 676 665 647 Up Buy TATAMOTORS 460 478 470 465 462 457 454 445 Down Sell TATAMTRDVR 281 291 286 283 281 279 277 272 Down Sell TATAPOWER 82 86 84 83 82 81 80 78 Down Sell TATASTEEL 494 510 502 498 494 490 486 477 Up Buy TCS 2490 2537 2513 2501 2488 2477 2464 2440 Up Buy TECHM 503 513 508 505 503 500 497 492 Down Sell ULTRACEMCO 3807 3977 3897 3852 3817 3772 3737 3657 Down Sell WIPRO 493 509 500 497 492 488 484 475 Up Buy YESBANK 1433 1475 1454 1443 1432 1421 1410 1388 Up Buy ZEEL 503 523 512 508 501 496 489 478 Up Buy 06th March-17
  • 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 This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the 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 future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations 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 information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment. 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 Kapil Shah Research Associate kapil.shah@choiceindia.com 06th March-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: 2017.03.06 09:08:04 +05'30'