#ChoiceBroking #EquityBazaar

1. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Intraday
Today, We may witness mild negative opening in Nifty around 8220 level on
back of SGX Nifty and other Asian counters which is trading on mixed note
today.
Nifty made a positive start and traded in green, as India Meteorological
Department (IMD) has maintained its above-normal monsoon forecast for
the year, lifting firms dependent on rural demand. The June-September
monsoon rains would be 106% of the long-term average. Stronger rains
could cool down food prices, raising the prospect that the Reserve Bank of
India would be more willing to cut interest rates again later this year.
Moreover, Some support also came in with finance minister Arun Jaitley's
statement that India will attempt to keep the proposed Goods & Services
Tax ( GST ) rate as moderate as possible and the government will push for
passage of the bill introducing the levy in the upcoming monsoon session of
Parliament. However, Nifty has ended flat note, as market participants
booked profits at higher level in 2nd session. Sentiments also came under
pressure after the India's services sector growth fell drastically in May
compared to April as new businesses were not as forthcoming. The
purchasing managers' index (PMI) declined to 51 points in May, the weakest
since November, 2015, from 53.7 in April. The 51 points still represents a
growth, since any reading above 50 is an expansion and one below that is
contraction. Further, carefulness also prevailed in the market ahead of US
jobs data that could provide some clues about the timing of the Federal
Reserve's likely move on interest rate hike.
The top gainers in Nifty index were AXISBANK, KOTAKBANK, TATAPOWER,
HINDUNILVR, NTPC. While on the other hand, top loser were IDEA,
BHARTIARTL, LUPIN, BHEL, HEROMOTOCO.
6th June,2016
SENSEX 26,843 0.00%
NIFTY 8,221 0.02%
SGX Nifty* 8,236 -0.01%
Global Indices
Dow Jones 17,807 -0.18%
Nasdaq 4,943 -0.58%
FTSE 6,210 0.39%
DAX 10,103 -1.04%
Straits Times 2,823 0.48%
Nikkei 225 16,453 -1.15%
Hang Seng 20,884 -0.30%
Commodities
Gold 29,387 1.78%
Silver 39,079 1.41%
Natural Gas 162 -0.56%
Crude Oil 3,253 -1.88%
Currency
Dollar / Rupee 67.25 -0.06%
Euro / Rupee 75.99 -0.17%
Pound / Rupee 96.38 -0.87%
Volumes Rs.mn
Cash BSE 58,515 167.91
Cash NSE 203,190 23.28
FII Activities Rs.Cr.
Purchase Sale Net
5343.9 4,788 555.65
MF Activities Rs.Cr.
Purchase Sale Net
8197.3 3,763 4434.4
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
 Bank Nifty closed at 17680 with gain of 0.64%. Bank Nifty opened on mild positive note and
thereafter moved in sideways till closing bell.
 Bank Nifty has crossed above its 50% retracement level and horizontal resistance band which is
positive development.
 Among Bank Nifty index 11 banking stock ended on negative note, Some of the public sector bank
witnessed profit booking.
 Going forward, Bank Nifty seems to be event driven as monetary policy is due. On higher side
immediate resistance will be in the range of 17800 to 18000 level.
6th June,2016
 Nifty opened on mild positive note but not able to sustain at higher level, initial hour was volatile
thereafter Nifty entered into tight consolidation phase with negative bias.
 Nifty closed at 8220 level with gain of 2 points or 0.02%. From candlestick perspective Nifty has formed
mild bear candle which represents lack of decisive action by both bull and bear.
 Nifty has breached its downward slopping channel and now it is hovering around 61.8% retracement
level which is make or break situation
 Going forward, Nifty shows some sign of exhaustion which any closing below prior two days low will
intimate further selling on the way.
L1 L2 L3
R 8252 8283 8304
S 8200 8179 8148
21 DEMA 7943
50 DEMA 7836
100 DEMA 7596
Moving Averages
L1 L2 L3
R 17137 17810 17859
S 17633 17584 17520
21 DEMA 16952
50 DEMA 16510
100 DEMA 15746
Moving Averages

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The VIX decreased by 0.61% and reached 14.99. The Nifty was up by
1.85 points and settled at 8,220.80. Nifty June 2016 futures closed at
8238.90 on Friday at a premium of 18.10 points, while Nifty July 2016
futures ended at 8260.65 at a premium of 39.85 points. Among Nifty
calls, 8300 SP from the May month expiry was the most active call
with an addition of 0.40 million open interests. Among Nifty puts,
8200 SP from the May month expiry was the most active put with an
addition of 0.36 million open interests. The maximum OI outstanding
for Calls was at 8400 SP (4.49 mn) and that for Puts was at 8000 SP
(6.10 mn).
From the most active contracts, State Bank of India June 2016 futures
traded at a discount of 0.05 points at 196.20, Idea Cellular June 2016
futures traded at a discount of 0.05 points at 105.20, ICICI Bank June
2016 futures traded at a discount of 3.75 points at 239.85, DLF June
2016 futures traded at a premium of 0.75 points at 132.80, Tata
Motors June 2016 futures traded at a premium of 3.85 points at
456.40.
The Nifty PCR finally stood at 1.19 for June month contract. The top
five scrips with highest PCR on OI were Apollo Hospital 1.78, Maruti
1.49, Indusind Bank 1.24, UBL 1.22 and Yes bank 1.04.
6th June,2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
GODREJIND 358.85 2.57 10.15 363.64
IOC 426.75 0.77 5.09 429.08
TECHM 553.80 0.80 4.30 557.91
GRANULES 140.5 1.92 3.09 142.05
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
TORNTPHARM 1384.75 2.83 -10.98 1400.93
COALINDIA 310.40 0.53 -8.80 311.81
ICICIBANK 239.85 0.71 -6.70 241.42
TATAPOWER 74.35 1.99 -5.29 75.06
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
IDEA 105.20 -9.04 32.20 108.71
CANBK 184.90 -5.83 24.22 190.67
BANKINDIA 83.15 -4.43 13.10 85.02
IDBI 64.25 -4.74 9.52 65.78
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
TATASTEEL 339.60 -0.72 -10.95 344.24
AJANTPHARM 1555.40 -0.93 -8.27 1566.15
HINDALCO 106.05 -0.56 -7.24 107.08
UPL 604.75 -0.18 -6.53 610.02
Call Ratio spread
View – Range Bound (Int. date: 02nd June)
Max. Profit of Rs. 15000, Approx. Loss of Rs. 3750
at SL Level of 7950 & 8450
Expiry Date - 30th June-2016
Option
BUY /
SELL
QTY
STRIKE
PRICE
SERIES TYPE
PREMI
UM
Buy 75 7950 June CE 286
Sell 75 8200 June CE 118
Sell 75 8200 June CE 118
-100.00
-50.00
0.00
50.00
100.00
150.00
200.00
250.00
7950.00 8100.00 8250.00 8400.00

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
6th June,2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1540 1607 1576 1558 1546 1527 1515 1485 Down Sell
ADANIPORTS 204 212 208 206 204 202 200 196 Down Sell
AMBUJACEM 228 241 236 232 230 226 224 219 Down Sell
ASIANPAINT 1020 1059 1040 1030 1022 1012 1003 985 Down Sell
AUROPHARMA 790 829 809 799 789 779 769 749 Up Buy
AXISBANK 542 574 556 549 538 531 520 502 Up Buy
BAJAJ-AUTO 2625 2755 2691 2658 2626 2594 2562 2498 Down Sell
BANKBARODA 140 151 146 143 141 138 136 131 Down Sell
BHARTIARTL 357 380 370 363 359 353 349 339 Down Sell
BHEL 118 126 122 120 119 117 116 112 Down Sell
BOSCHLTD 22200 22990 22616 22408 22241 22034 21867 21493 Down Sell
BPCL 1016 1078 1048 1032 1018 1002 988 958 Down Sell
CIPLA 464 490 478 471 467 459 455 443 Down Sell
COALINDIA 309 317 313 311 310 307 306 302 Down Sell
DRREDDY 3165 3277 3223 3194 3168 3139 3113 3059 Down Sell
EICHERMOT 18690 19282 19010 18850 18738 18578 18466 18195 Down Sell
GAIL 371 390 381 376 372 367 363 355 Down Sell
GRASIM 4315 4451 4391 4353 4332 4294 4272 4213 Down Sell
HCLTECH 722 735 729 725 723 720 717 712 Down Sell
HDFC 1256 1303 1280 1268 1257 1245 1234 1211 Down Sell
HDFCBANK 1172 1207 1191 1182 1175 1166 1159 1143 Down Sell
HEROMOTOCO 3101 3359 3248 3175 3138 3064 3027 2917 Down Sell
HINDALCO 105 111 108 107 105 104 103 100 Down Sell
HINDUNILVR 886 918 900 893 881 874 862 844 Up Buy
ICICIBANK 244 253 248 246 244 242 240 235 Down Sell
IDEA 105 128 118 112 108 102 98 88 Down Sell
INDUSINDBK 1119 1150 1137 1128 1124 1115 1110 1097 Down Sell
INFRATEL 384 398 390 387 382 379 374 367 Up Buy
INFY 1267 1307 1288 1278 1269 1258 1250 1230 Down Sell
ITC 354 370 363 358 355 351 348 341 Down Sell
KOTAKBANK 769 820 791 780 762 751 732 703 Up Buy
LT 1460 1527 1497 1479 1467 1449 1437 1407 Down Sell
LUPIN 1448 1533 1496 1472 1459 1435 1422 1385 Down Sell
M&M 1353 1383 1367 1360 1351 1344 1336 1320 Up Buy
MARUTI 4213 4319 4264 4239 4209 4184 4154 4099 Up Buy
NTPC 148 156 152 150 147 145 143 139 Up Buy
ONGC 212 219 216 214 212 210 209 206 Down Sell
POWERGRID 150 153 152 151 150 149 148 147 Up Buy
RELIANCE 959 973 966 962 959 955 952 945 Down Sell
SBIN 196 211 205 200 198 194 191 184 Down Sell
SUNPHARMA 737 775 758 747 741 730 724 707 Down Sell
TATAMOTORS 453 474 465 459 456 449 446 437 Down Sell
TATAMTRDVR 317 340 329 323 318 312 307 296 Down Sell
TATAPOWER 74 78 76 75 74 73 72 69 Up Buy
TATASTEEL 338 365 353 345 341 333 329 317 Down Sell
TCS 2628 2711 2673 2651 2636 2613 2598 2561 Down Sell
TECHM 550 574 563 556 551 545 540 529 Down Sell
ULTRACEMCO 3190 3352 3281 3235 3209 3164 3138 3066 Down Sell
WIPRO 541 550 546 544 541 539 537 532 Up Buy
YESBANK 1049 1086 1068 1059 1050 1041 1033 1015 Down Sell
ZEEL 456 473 465 460 457 452 449 441 Down Sell

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Contact Us
www.choiceindia.com
Kunal Parmar
Research Associate
kunal.parmar@choiceindia.com
Vikas Chaudhari
Research Associate
vikas.chaudhari@choiceindia.com
www.choiceindia.comcustomercare@choiceindia.com
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Instrument (s): - No.
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
6th June,2016
Kapil Shah
Research Associate
kapil.shah@choiceindia.com
Kapil Shah
Digitally signed by Kapil Shah
DN: cn=Kapil Shah, o=Choice Equity broking
pvt Ltd, ou,
email=kapil.shah@choiceindia.com, c=US
Date: 2016.06.06 09:12:10 +05'30'