The document provides a daily market summary and outlook for the Nifty index and Bank Nifty index in India. It notes that the Nifty may open mildly positive but snapped a six-day winning streak the previous day due to profit taking. Services sector growth slowed which added to weakness. The outlook is for sideways movement around current levels for the Nifty with a mild negative bias. Bank Nifty is also expected to trade sideways around current levels with support at 17850 and resistance at 18350.

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 8340 level on
back of SGX Nifty and other Asian counters which is trading on mixed note
today.
Nifty snapped six-day winning streak on Tuesday on account of profit-booking
in frontline blue chip stocks. Sentiments remained dismal with the report that
services sector grew at its slowest pace in seven months in June, marking the
third straight month of a declining growth rate, as new business orders turned
sluggish. The Nikkei Services Business Activity index, which maps the service
sector activity, fell to 50.3 in June, from 51 in May. Some weakness also came
with a private report stating that investments in projects remained elusive in
the first quarter of the financial year 2016-17 with stalled projects running
into an estimated Rs 11.2 lakh crore. The report has further said that most of
the stalled projects are in the electricity (31%) and steel (25%) sectors.
However, losses remained capped with the report that the RBI has achieved
its desired 'neutral' liquidity in the first quarter itself, mainly on account of Rs
80,000 crore OMO (open market operation) purchases in the past three
months and a reduction in cash in circulation in June 2016. On the global
front, all the Asian equity indices barring China's benchmark Shanghai
Composite finished the day’s trade in the negative terrain on Tuesday as
commodities dropped and the Japanese yen strengthened on worries about
renewed political uncertainty in the UK and the fragile balance sheets of
Italian banks. Further, the European counter parts too traded with a negative
bias and German Stock Index DAX 30 shed around one and half a percent,
being the biggest laggard in the space.
The top gainers in Nifty index were AUROPHARMA, COALINDIA, YESBANK,
BOSCHLTD, BHEL .While on the other hand, top losers were GAIL,
POWERGRID, TATAMTRDVR, NTPC, BHARTIARTL.
7th July,2016
SENSEX 27,167 -0.41%
NIFTY 8,336 -0.42%
SGX Nifty* 8,340 0.53%
Global Indices
Dow Jones 17,919 0.44%
Nasdaq 4,859 0.75%
FTSE 6,464 -1.27%
DAX 9,373 -1.70%
Straits Times 2,861 -0.13%
Nikkei 225 15,343 -0.23%
Hang Seng 20,675 0.87%
Commodities
Gold 32,116 0.51%
Silver 47,788 0.87%
Natural Gas 188 0.00%
Crude Oil 3,197 1.63%
Currency
Dollar / Rupee 67.46 0.28%
Euro / Rupee 74.77 -0.05%
Pound / Rupee 87.27 0.14%
Volumes Rs.mn
Cash BSE 31,637 5.03
Cash NSE 172,042 -3.07
FII Activities Rs.Cr.
Purchase Sale Net
3739.39 3,343 395.9
MF Activities Rs.Cr.
Purchase Sale Net
8616.5 3,161 5455.6
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 opened on mild negative note and closed at 18004 with gain of -0.52%. After negative
opening it went into consolidation phase.
 Bank Nifty has formed bearish engulfing pattern which is negative aspect in nature. It had formed
shaven top which shows selling since open of the day.
 Among Bank Nifty index 5 banking stock ended on positive note, mild profit taking in private sector
banks has been observed and PSU bank continued to tool front seat to drive Bank Nifty.
 Going forward, sustainability above 18000 will be major development and on higher side we can
expect further movement upto 18350 level. On downside support will be 17850 level.
7th July,2016
 Nifty took pause after a strong move, it had created 3 gaps on the move, out of which one gap has been
filled. It seems temporary exhaustion phase for market.
 Nifty closed at 8335 level with loss of -34 points or -0.42%. From candlestick perspective Nifty has
formed bearish engulfing pattern which is bearish in nature.
 Nifty has surpassed its 8300 level but formed shooting star at higher level and filled previous gap area
which indicates mild selling at higher level.
 Going forward, sustainability above 8300 level can be induce further rally. As per historical pattern after
strong move nifty goes in consolidation phase. So outlook remain sideways from current level with mild
negative bias.
L1 L2 L3
R 8372 8407 8433
S 8310 8284 8249
21 DEMA 8211
50 DEMA 8042
100 DEMA 7761
Moving Averages
L1 L2 L3
R 17137 18174 18224
S 17955 17905 17820
21 DEMA 17773
50 DEMA 17255
100 DEMA 16267
Moving Averages

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The VIX decreased by 1.38% and reached 15.36. The Nifty was down
by 34.75 points or 0.42% to settle at 8,335.95.
Nifty July 2016 futures closed at 8354.00 on Tuesday at a premium of
18.05 points. Nifty July futures saw contraction of 0.15 million units,
taking the total outstanding open interest (OI) to 18.93 million units.
Among Nifty calls, 8400 SP from the July month expiry was the most
active call with an addition of 0.43 million open interests. Among Nifty
puts, 8300 SP from the July month expiry was the most active put
with an addition of 0.13 million open interests. The maximum OI
outstanding for Calls was at 8500 SP 4.23 mn and that for Puts was at
8000 SP 4.07 mn. From the most active contracts, SBI July 2016
futures traded at a premium of 0.55 points at 223.55. ICICI Bank July
2016 futures traded at a premium of 1.85 points at 246.50. PNB July
2016 futures traded at a discount of 0.85 points at 113.00. RECLTD
July 2016 futures traded at a premium of 1.35 points at 187.65.
The Nifty Put Call Ratio (PCR) finally stood at 1.11 for July month
contract. The top five scrips with highest PCR on OI were Grasim
Industries (1.37), Torrent Pharmaceuticals (1.29), PC Jewellers (1.20),
Mindtree (1.14) and Britannia Industries (1.12).
7th July,2016
Init. Date – 28.06.16 View – Bullish
Max. Profit of Rs. 197.85 (Rs.14838), Approx. Loss
of Rs. 52.15 (Rs. 3911.25 ) at SL level of 7850
Expiry Date - 28th July 2016
Future
BUY /
SELL
QTY SERIES TYPE
Market
Price
Buy 75 July Fut 8135
Option
BUY /
SELL
QTY
STRIKE
PRICE
SERIES
OPTION
TYPE
Premium
Sell 75 8300 July CE 89.60
Buy 75 8100 July PE 125.15
Sell 75 7900 July PE 68.40
-400.00
-200.00
0.00
200.00
400.00
7650.00 7950.00 8250.00 8550.00
NIFTY RATIO SPREADLong Built Up
Symbol Close Price Chng % OI Chng % Buy Above
GODREJCP 1665.15 1.41 14.64 1682.72
RELINFRA 570.50 3.41 13.89 580.34
SOUTHBANK 21.80 5.57 11.27 22.37
NMDC 95.8 0.63 7.20 97.00
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
UBL 791.50 2.17 -10.93 799.45
RECLTD 187.65 2.43 -7.30 190.90
GLENMARK 827.00 0.47 -6.88 830.88
HEXAWARE 230.3 0.99 -6.22 233.18
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
BPCL 1093.05 -0.31 12.06 1101.47
EXIDEIND 170.95 -2.59 11.04 173.11
MCLEODRUSS 208.65 -0.10 7.64 212.55
HINDALCO 124.45 -1.85 6.97 125.98
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
LICHSGFIN 500.10 -0.71 -4.88 504.17
MRF 34841.55 -1.22 -4.52 35111.24
BANKNIFTY 18073.75 -0.39 -3.52 18121.12
ENGINERSIN 211.05 -0.12 -3.31 213.02

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
7th July,2016
ACC 1587 1655 1625 1606 1596 1576 1566 1536 Down Sell
ADANIPORTS 215 221 218 216 215 213 211 208 Down Sell
AMBUJACEM 253 262 258 255 253 251 249 245 Down Sell
ASIANPAINT 985 1034 1012 998 991 977 969 948 Down Sell
AUROPHARMA 772 817 790 781 764 755 738 711 Up Buy
AXISBANK 539 562 551 545 540 534 529 518 Down Sell
BAJAJ-AUTO 2611 2713 2667 2639 2621 2593 2575 2528 Down Sell
BANKBARODA 160 167 164 162 160 158 157 153 Down Sell
BHARTIARTL 366 389 378 372 368 362 357 347 Down Sell
BHEL 139 148 144 142 139 137 135 130 Up Buy
BOSCHLTD 22501 23146 22798 22650 22450 22302 22102 21754 Up Buy
BPCL 1102 1155 1129 1115 1104 1090 1079 1053 Down Sell
CIPLA 507 524 515 511 507 503 499 490 Up Buy
COALINDIA 323 334 327 325 321 319 315 308 Up Buy
DRREDDY 3447 3552 3502 3474 3452 3424 3402 3352 Down Sell
EICHERMOT 19392 19755 19581 19486 19406 19312 19231 19056 Down Sell
GAIL 386 415 402 394 390 382 378 365 Down Sell
GRASIM 4547 4734 4647 4597 4561 4511 4475 4388 Down Sell
HCLTECH 738 771 755 747 740 731 724 708 Down Sell
HDFC 1259 1292 1274 1267 1256 1249 1238 1221 Up Buy
HDFCBANK 1169 1193 1181 1175 1168 1162 1156 1144 Up Buy
HEROMOTOCO 3108 3235 3180 3144 3124 3088 3068 3013 Down Sell
HINDALCO 123 133 129 126 125 122 121 116 Down Sell
HINDUNILVR 890 910 900 895 891 886 882 872 Down Sell
ICICIBANK 245 260 253 249 247 242 240 234 Down Sell
IDEA 105 109 107 106 106 105 104 102 Down Sell
INDUSINDBK 1107 1140 1123 1115 1106 1098 1088 1071 Up Buy
INFRATEL 359 372 365 362 358 354 350 343 Up Buy
INFY 1174 1210 1194 1184 1178 1168 1161 1145 Down Sell
ITC 243 254 249 246 244 241 239 235 Down Sell
KOTAKBANK 740 760 751 745 742 736 733 724 Down Sell
LT 1573 1629 1599 1586 1569 1556 1539 1509 Up Buy
LUPIN 1562 1607 1584 1573 1561 1550 1538 1515 Up Buy
M&M 1455 1522 1494 1474 1465 1446 1436 1407 Down Sell
MARUTI 4176 4280 4228 4202 4176 4150 4124 4072 Down Sell
NTPC 153 161 157 155 154 151 150 146 Down Sell
ONGC 231 248 240 235 232 227 224 216 Down Sell
POWERGRID 161 173 168 164 163 159 158 153 Down Sell
RELIANCE 991 1037 1014 1003 991 980 969 946 Down Sell
SBIN 223 230 227 225 223 221 220 216 Down Sell
SUNPHARMA 774 800 786 780 772 766 758 745 Up Buy
TATAMOTORS 461 482 473 467 463 457 454 444 Down Sell
TATAMTRDVR 296 315 306 301 298 293 290 281 Down Sell
TATAPOWER 74 76 75 75 74 74 73 72 Down Sell
TATASTEEL 333 348 341 337 333 329 326 319 Down Sell
TCS 2480 2525 2505 2492 2485 2473 2465 2445 Down Sell
TECHM 514 527 521 518 515 512 509 504 Down Sell
ULTRACEMCO 3380 3610 3506 3443 3402 3339 3298 3194 Down Sell
WIPRO 563 589 576 570 563 557 550 537 Up Buy
YESBANK 1131 1163 1144 1138 1125 1119 1106 1087 Up Buy
ZEEL 462 487 475 468 463 456 451 439 Down Sell
NIFTY 421 455 435 428 416 408 396 376

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
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7th July,2016
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Kapil Shah
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Date: 2016.07.07 08:52:35 +05'30'