#ChoiceBroking #EquityBazaar : Today, We may witness mild negative opening in Nifty around 8261 level on back of SGX Nifty and other Asian counters which is trading on mixed note today.

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 8261
level on back of SGX Nifty and other Asian counters which is
trading on mixed note today.
Nifty has ended higher on Tuesday on account of buying by market
participants in the frontline blue chips counters amid firm cues from the
global markets. Sentiments got boost after the Reserve Bank of India
(RBI) maintained status quo on key rates as was largely in line with
investor expectations. The RBI has kept the repo rate unchanged at 6.5%,
on back of higher food inflation and amid expectations of a rate action by
the US Federal Reserve. The Cash Reserve Ratio (CRR) has also been kept
unchanged at 4% in its monetary policy review. But, RBI continued to
maintain an accommodative stance and if all goes well and there is a fall
in food inflation, will be willing to lower rates further. Besides, support
also came in with the Global Retail Development Index report that India
jumped 13 positions from last year to rank second among 30 developing
countries this year on ease of doing business. The second rank is on the
back of pick up in GDP growth and better clarity regarding FDI
regulations. The report further said that India is now the world's fastest-
growing major economy, overtaking China, and the retail demand is
being fueled by urbanization, an expanding middle class, and more
women entering the workforce.
The top gainers in Nifty index were SBIN, ICICIBANK, ULTRACEMCO,
HINDALCO, AMBUJACEM. While on the other hand, top loser were
BPCL, INDUSINDBK, TATAPOWER, AUROPHARMA, INFY.
8th June,2016
SENSEX 27,010 0.86%
NIFTY 8,266 0.79%
SGX Nifty* 8,286 -0.05%
Global Indices
Dow Jones 17,938 0.10%
Nasdaq 4,962 -0.14%
FTSE 6,285 0.18%
DAX 10,288 1.62%
Straits Times 2,850 0.05%
Nikkei 225 16,620 -0.33%
Hang Seng 21,234 -0.44%
Commodities
Gold 29,366 -0.29%
Silver 39,010 -0.34%
Natural Gas 165 0.85%
Crude Oil 3,345 1.20%
Currency
Dollar / Rupee 66.77 -0.28%
Euro / Rupee 75.86 0.22%
Pound / Rupee 97.06 0.14%
Volumes Rs.mn
Cash BSE 30,974 5.55
Cash NSE 150,987 -25.69
FII Activities Rs.Cr.
Purchase Sale Net
5883.5 5,092 791.27
MF Activities Rs.Cr.
Purchase Sale Net
6370.4 3,533 2837.2
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
 Bank Nifty closed at 17948 with gain of 1.57%. Bank Nifty opened on gap up note and moved higher
throughout the day.
 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 positive note, almost all banking stock ended on
healthy note. It indicates that banking space again gaining its lost shine.
 Going forward, Bank Nifty approached to 18000 level which can act as psychological hurdle, fresh
buying can be initiated above 18000 level.
8th June,2016
 Nifty had finally broken its silence on the day of RBI monetary policy. It was fifth time where nifty has
breached its consolidation phase on higher side.
 Nifty closed at 8266 level with gain of 65 points or 0.80%. From candlestick perspective Nifty has
formed bullish candle, it says that bulls were able to absorb supply glut.
 Nifty has breached its downward slopping channel and now it is hovering around 61.8% retracement
level, sustainability above that will encourage bulls.
 Going forward, as Nifty has given upside move from consolidation, bias turned on positive side. Going
forward 8300 to 8350 level can be seen.
L1 L2 L3
R 8302 8338 8381
S 8224 8181 8145
21 DEMA 7984
50 DEMA 7857
100 DEMA 7610
Moving Averages
L1 L2 L3
R 17137 18175 18349
S 17774 17600 17486
21 DEMA 17077
50 DEMA 16586
100 DEMA 15780
Moving Averages

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The VIX decreased by 3.16% and reached 14.87. The Nifty was up by
65.40 points to settle at 8,266.45. Nifty June 2016 futures closed at
8283.15 on Tuesday at a premium of 16.70 points, while Nifty July
2016 futures ended at 8309.10 at a premium of 42.65 points. Among
Nifty calls, 8300 SP from the June month expiry was the most active
call with an addition of 0.13 million open interests. Among Nifty puts,
8200 SP from the June month expiry was the most active put with an
addition of 0.52 million open interests. The maximum OI outstanding
for Calls was at 8400 SP (4.81 mn) and that for Puts was at 8000 SP
(6.43 mn).
From the most active contracts, State Bank of India June 2016 futures
traded at a discount of 1.50 points at 208.65. ICICI Bank June 2016
futures traded at a discount of 4.95 points at 249.55. Bank of Baroda
June 2016 futures traded at a premium of 0.90 points at 146.15 .Tata
Motors June 2016 futures traded at a premium of 2.70 points at
465.90. Axis Bank June 2016 futures traded at a premium of 4.00
points at 537.75 .
The Nifty PCR finally stood at 1.21 for June month contract. The top
five scrips with highest PCR on OI were Apollo Hospital (1.35), Maruti
(1.18), Yes Bank (1.17), UBL (1.15) and CONCOR (1.13)..
8th June,2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
KPIT 187.70 5.84 32.95 192.05
CANBK 187.50 0.81 11.16 190.54
IGL 580.05 0.15 9.12 584.44
UNIONBANK 116.6 1.52 8.24 118.05
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
UBL 739.50 1.25 -13.61 749.16
IRB 218.10 1.75 -6.46 220.16
DABUR 307.40 1.00 -5.98 309.29
ASIANPAINT 1032.6 0.47 -5.90 1037.16
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
YESBANK 1063.35 -0.27 8.60 1072.25
GLENMARK 767.20 -2.58 8.31 776.92
CADILAHC 321.50 -1.20 5.78 324.27
MCLEODRUSS 177.55 -1.58 5.04 179.82
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
CESC 558.20 -1.26 -5.91 563.85
CASTROLIND 385.95 -0.30 -5.90 389.06
BAJFINANCE 7723.70 -1.15 -5.65 7797.46
KTKBANK 134.4 -1.10 -2.76 135.97
SHORT COLLAR
View – Bearish
Max. Profit of Rs. 57155, Max. Loss of Rs.
12845
Expiry Date - 30th JUN 2016
Future
BUY /
SELL
QTY SERIES TYPE
Market
Price
SELL 700 JUNE Fut 1059
Option
BUY /
SELL
QTY
STRIKE
PRICE
SERIES
OPTION
TYPE
Premium
BUY 700 1040 JUNE CE 41.95
SELL 700 940 JUNE PE 4.60
-40.00
-20.00
0.00
20.00
40.00
60.00
80.00
100.00
810.00 960.00 1110.00 1260.00
YESBANK CMP : 1057

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
8th June,2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1543 1601 1571 1557 1542 1527 1512 1482 Up Buy
ADANIPORTS 206 216 211 208 205 203 200 194 Up Buy
AMBUJACEM 235 246 239 237 233 231 226 220 Up Buy
ASIANPAINT 1032 1057 1044 1038 1031 1025 1018 1006 Up Buy
AUROPHARMA 772 811 793 783 775 765 757 739 Down Sell
AXISBANK 534 558 546 540 533 527 521 509 Up Buy
BAJAJ-AUTO 2640 2707 2674 2657 2641 2624 2608 2575 Down Sell
BANKBARODA 145 153 149 147 145 143 141 137 Up Buy
BHARTIARTL 350 359 354 352 350 347 345 340 Down Sell
BHEL 119 125 122 121 119 118 116 113 Down Sell
BOSCHLTD 22370 22823 22583 22477 22343 22237 22103 21863 Up Buy
BPCL 975 1041 1013 994 984 965 955 926 Down Sell
CIPLA 468 479 474 471 469 466 464 458 Down Sell
COALINDIA 307 316 312 309 307 305 303 298 Down Sell
DRREDDY 3158 3260 3209 3183 3158 3132 3107 3056 Up Buy
EICHERMOT 18854 19760 19332 19093 18905 18666 18477 18050 Down Sell
GAIL 374 385 380 377 375 372 369 364 Down Sell
GRASIM 4320 4473 4406 4363 4339 4296 4272 4205 Down Sell
HCLTECH 728 747 737 732 727 722 717 707 Up Buy
HDFC 1250 1285 1268 1259 1251 1242 1234 1217 Down Sell
HDFCBANK 1175 1199 1186 1180 1174 1168 1162 1149 Up Buy
HEROMOTOCO 3128 3205 3167 3148 3129 3110 3091 3052 Down Sell
HINDALCO 110 115 112 111 109 108 106 102 Up Buy
HINDUNILVR 895 928 910 902 891 884 873 854 Up Buy
ICICIBANK 255 272 262 258 251 248 241 231 Up Buy
IDEA 105 110 108 107 106 104 104 101 Down Sell
INDUSINDBK 1108 1163 1138 1123 1114 1099 1089 1065 Down Sell
INFRATEL 373 384 379 376 375 372 370 365 Down Sell
INFY 1256 1296 1279 1267 1261 1250 1244 1226 Down Sell
ITC 363 375 368 365 361 359 354 348 Up Buy
KOTAKBANK 769 806 788 778 770 760 752 734 Down Sell
LT 1486 1560 1521 1504 1483 1465 1444 1405 Up Buy
LUPIN 1442 1525 1476 1459 1427 1410 1378 1329 Up Buy
M&M 1379 1407 1393 1386 1379 1372 1366 1352 Down Sell
MARUTI 4135 4289 4218 4177 4147 4106 4076 4005 Down Sell
NTPC 148 152 150 149 148 147 146 144 Down Sell
ONGC 213 217 215 214 213 212 211 209 Up Buy
POWERGRID 150 153 152 151 150 149 148 147 Down Sell
RELIANCE 953 974 965 959 955 950 946 937 Down Sell
SBIN 210 229 218 214 207 203 196 185 Up Buy
SUNPHARMA 740 794 762 751 731 719 699 667 Up Buy
TATAMOTORS 463 478 470 467 463 459 455 448 Up Buy
TATAMTRDVR 320 332 326 323 320 317 315 309 Down Sell
TATAPOWER 73 77 75 74 74 73 72 70 Down Sell
TATASTEEL 344 355 348 346 341 339 335 328 Up Buy
TCS 2632 2680 2654 2643 2628 2617 2602 2576 Up Buy
TECHM 537 561 550 543 538 532 527 516 Down Sell
ULTRACEMCO 3337 3526 3414 3375 3303 3264 3191 3079 Up Buy
WIPRO 540 547 543 542 540 538 536 532 Up Buy
YESBANK 1063 1117 1093 1078 1070 1055 1047 1024 Down Sell
ZEEL 463 488 474 469 460 455 447 433 Up Buy

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Contact Us
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Research Associate
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Research Associate
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Research Associate
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8th June,2016
Kapil Shah
Research Associate
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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: 2016.06.08 08:43:45 +05'30'