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Equity bazaar 09022017..
- 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 8775 level on back of SGX Nifty and other Asian counters which is trading on positive note today. Nifty closed session on a flat note, as the Reserve Bank of India kept policy rates steady, dashing hopes of some investors who were expecting a 25 bps repo rate cut amid falling inflation and the government's resolve to adhere to fiscal prudence in the Budget. The central bank decided to change the stance from accommodative to neutral and kept the short-term lending rate, called repo rate, unchanged at 6.25%, opting to wait for more clarity on the trend for inflation. However, some fag-end buying in banking and other stocks helped the Nifty to end marginally in green. Traders took some encouragement from Economic Affairs Secretary Shaktikanta Das’s statement that 3.2% fiscal deficit target is realistic and there is possibility that revenues will exceed the target as Budget has not taken into account the demonetization windfall. Further, sentiments remained optimistic with a private report stating that the global economic order is expected to shift from advanced to emerging economies over the next few decades and by 2040 India could edge past the US to become the world's second largest economy in purchasing power parity (PPP) terms. Traders were seen piling up positions in Media, Metal and Realty stocks, while selling was witnessed in FMCG, Financial Services and Banking stocks. SENSEX 28,289 -0.16% NIFTY 8,769 0.01% SGX Nifty* 8,818 0.07% Global Indices Dow Jones 20,060 0.23% Nasdaq 5,682 0.14% FTSE 7,188 0.03% DAX 11,543 -0.05% Straits Times 3,088 0.71% Nikkei 225 18,971 -0.19% Hang Seng 23,576 0.39% Commodities Gold 29,330 -0.01% Silver 42,345 -0.37% Natural Gas 211 0.00% Crude Oil 3,514 0.40% Currency Dollar / Rupee 67.19 0.00% Euro / Rupee 71.66 -0.07% Pound / Rupee 83.92 -0.17% Volumes Rs.mn Cash BSE 61,259 80.85 Cash NSE 221,891 -27.71 FII Activities Rs.Cr. Purchase Sale Net 6404.53 5,426 978.51 MF Activities Rs.Cr. Purchase Sale Net 9458.2 7,865 1593.5 Indian Markets *Sources- Bloomberg, Moneycontrol, Zeebusiness, livemint 9th Feb-17
- 2. Equity Bazaar SEBI Registered–Research Analyst Equities I Commodities I Currencies I Mutual Funds Nifty Outlook Bank Nifty Outlook Nifty opened on mild positive note but in later part of the day Nifty has wide volatility followed by RBI monetary policy. From candlestick perspective Nifty has formed long leg rickshaw pattern which shows wide volatility. Again Nifty compressed in the range of 8700 to 8800 wherein it has spent 3 to 4 trading session. Going forward, as far as Nifty hold 8720 level it will be considered in positive territory. Sustainability below 8720 can reverse prevailing sentiment. Nifty bank opened on mild negative note and thereafter traded with sideways to negative bias but post policy it had recovered from lower level. Nifty bank is redefining its range as event low has formed around 20000 level so it will be considered as important support. From past 2 trading session index is facing resistance at resistance at 20450 to 20500 level. Going forward, Index likely to face resistance at 20500 level whereas support lies at 20200. 21 DEMA 8561 100 DEMA 8387 250 DEMA 8276 Moving Averages L1 L2 L3 R 8802 8834 8878 S 8726 8682 8650 L1 L2 L3 R 20380 20515 20670 S 20090 19935 19800 21 DEMA 19507 100 DEMA 18895 250 DEMA 18331 Moving Averages 9th Feb-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 1496 1580 1533 1515 1486 1468 1439 1392 Up Buy ADANIPORTS 305 319 312 308 304 300 296 288 Up Buy AMBUJACEM 239 253 246 242 239 235 232 225 Up Buy ASIANPAINT 998 1054 1025 1012 996 983 967 938 Up Buy AUROPHARMA 697 729 713 705 697 689 681 665 Down Sell AXISBANK 489 509 499 494 488 483 477 466 Up Buy BAJAJ-AUTO 2782 2833 2805 2793 2777 2765 2749 2721 Up Buy BANKBARODA 188 199 193 190 186 184 180 173 Up Buy BHARTIARTL 352 369 361 356 352 347 343 334 Up Buy BHEL 157 169 162 159 155 152 148 140 Up Buy BOSCHLTD 22950 24050 23410 23180 22770 22540 22130 21490 Up Buy BPCL 719 746 733 726 720 713 707 694 Down Sell CIPLA 604 626 615 609 604 598 592 581 Up Buy COALINDIA 321 338 328 325 319 315 309 300 Up Buy DRREDDY 3014 3162 3095 3054 3028 2987 2961 2894 Down Sell EICHERMOT 24000 24717 24297 24149 23877 23729 23458 23038 Up Buy GAIL 487 508 496 491 483 479 471 458 Up Buy GRASIM 977 1031 1000 988 968 957 937 905 Up Buy HCLTECH 809 839 825 817 811 803 797 782 Down Sell HDFC 1399 1450 1424 1411 1398 1385 1371 1345 Up Buy HDFCBANK 1313 1351 1331 1322 1310 1301 1290 1269 Up Buy HEROMOTOCO 3224 3376 3307 3265 3238 3196 3169 3100 Down Sell HINDALCO 190 201 195 193 189 187 183 178 Up Buy HINDUNILVR 852 878 866 859 853 846 841 828 Down Sell ICICIBANK 287 298 292 289 286 284 280 274 Up Buy IDEA 110 117 113 112 109 108 105 102 Up Buy INDUSINDBK 1324 1378 1348 1336 1318 1306 1288 1258 Up Buy INFRATEL 310 330 319 314 307 303 295 283 Up Buy INFY 934 960 949 941 937 930 925 914 Down Sell ITC 274 289 282 278 275 271 268 261 Down Sell KOTAKBANK 768 797 783 776 769 761 755 740 Down Sell LT 1504 1545 1523 1514 1502 1492 1480 1458 Up Buy LUPIN 1483 1528 1504 1494 1480 1470 1456 1432 Up Buy M&M 1278 1315 1294 1286 1273 1265 1252 1231 Up Buy MARUTI 6192 6335 6266 6229 6197 6160 6128 6060 Down Sell NTPC 172 182 177 174 172 169 167 162 Down Sell ONGC 195 201 198 196 194 193 191 187 Up Buy POWERGRID 202 210 205 204 201 199 197 192 Up Buy RELIANCE 1023 1060 1044 1033 1028 1017 1011 995 Down Sell SBIN 279 290 284 281 277 274 270 264 Up Buy SUNPHARMA 662 702 684 673 666 655 648 630 Down Sell TATAMOTORS 513 529 520 517 511 508 503 494 Up Buy TATAMTRDVR 321 331 326 323 321 319 316 312 Down Sell TATAPOWER 82 85 83 82 82 81 80 79 Down Sell TATASTEEL 468 510 492 480 474 462 456 438 Down Sell TCS 2281 2346 2308 2294 2269 2256 2231 2192 Up Buy TECHM 476 506 491 483 476 468 461 446 Down Sell ULTRACEMCO 3715 3845 3780 3747 3714 3681 3648 3582 Up Buy WIPRO 460 477 469 464 461 456 453 445 Down Sell YESBANK 1416 1497 1451 1434 1406 1388 1360 1314 Up Buy ZEEL 513 536 523 518 509 504 496 482 Up Buy 9th Feb-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 9th Feb-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: 2017.02.09 09:14:43 +05'30'