On August 9, 2016, the Nifty may have a mild positive opening influenced by SGX Nifty and mixed Asian markets. The market showed volatility but ended with a gain, buoyed by positive remarks from the finance minister about India's economy and favorable assessments from Moody's. Key stocks like Hindalco and Britannia saw significant gains, while concerns about the depreciation of the Indian rupee and an upcoming RBI policy review kept investors cautious.

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 8721 level on
back of SGX Nifty and other Asian counters which is trading on mixed note
today.
Nifty traded with volatility in a very tight band of twenty points on Monday
and finished the session with a decent gain of one third of a percent. After a
gap up opening, market traded in tight-band for most part of the day’s trade,
as sentiments got some boost after Finance Minister Arun Jaitley said that
Indian economy has defied global slowdown and geo-political tensions and is
now poised to seize the opportunity to grow faster. Investors’ morale
remained upbeat after Moody's Investors Service stated that Indian
government’s targeting of inflation at four percent with a range of plus/minus
two percent is a credit positive measure that will help macroeconomic
stability. On global front, Asian shares closed in green with strong US jobs
data, while European stocks climbed, with gains for bank shares helping to
push the regional benchmark toward a nearly two-week high. Back home,
gains remained capped on account of depreciation in Indian rupee. Traders
also remained cautious ahead of Reserve Bank of India’s (RBI) policy review
on Tuesday. In scrip specific development, Hindalco Industries rallied 3.7
percent after its U.S. subsidiary Novelis Inc. reported strong Q1 earnings.
Britannia Industries soared 8.7 percent on reporting 13 percent year-on-year
growth in net profit for the quarter ended June. The top gainers from the F&O
segment were Hindalco Industries, Bharat Petroleum Corporation and Adani
Ports and Special Economic Zone. On the other hand, the top losers were
Bharti Airtel, Idea Cellular and Bharti Infratel. In the index options segment,
maximum OI was being seen in the 8500-9000 calls and 8000-8800 puts.
The top gainers in Nifty index were HINDACO, BPCL, ADANIPORTS,
TATAPOWER, BOSCHLTD. While on the other hand, top losers were
BHARTIARTL, IDEA, INFRATEL, NTPC, ITC.
9th August,2016
SENSEX 28,183 0.37%
NIFTY 8,711 0.32%
SGX Nifty* 8,741 0.11%
Global Indices
Dow Jones 18,529 -0.08%
Nasdaq 5,213 -0.15%
FTSE 6,809 0.23%
DAX 10,432 0.62%
Straits Times 2,871 1.48%
Nikkei 225 16,669 0.11%
Hang Seng 22,436 -0.26%
Commodities
Gold 31,176 -0.17%
Silver 46,287 0.13%
Natural Gas 184 -0.92%
Crude Oil 2,891 3.63%
Currency
Dollar / Rupee 66.84 0.10%
Euro / Rupee 74.00 -0.11%
Pound / Rupee 86.71 -0.44%
Volumes Rs.mn
Cash BSE 37,422 1.48
Cash NSE 206,767 0.13
FII Activities Rs.Cr.
Purchase Sale Net
5707.28 4,846 860.98
MF Activities Rs.Cr.
Purchase Sale Net
5594.9 4,527 1068.2
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
9th August,2016
L1 L2 L3
R 8724 8737 8750
S 8698 8685 8672
21 DEMA 8579
50 DEMA 8368
100 DEMA 8068
Moving Averages
L1 L2 L3
R 19013 19087 19146
S 18881 18822 18748
21 DEMA 18812
50 DEMA 18197
100 DEMA 17247
Moving Averages
 After a gap up opening index moved higher a bit and consolidated at higher level however gap remain
unfilled.
 Index has formed doji candle at 52 week high, it indicate indecisiveness at higher level. Either side of
breakout will dictate further trend.
 However on weekly chart Index has formed hanging man pattern on upper arm of rising wedge which is
ongoing concern for upside. For further confirmation Hanging man pattern will play a key role.
 Going forward, Sustainability above 8750 will entered into new orbit and on lower side 8570 level will
act as support.
 After several day weakness Bank Nifty has formed pivot low around 21 day short term moving average.
In follow up action Index opened on positive note but not able to sustain at higher level.
 Size of candle shrinking as day passes and it continued to show weaker performance. Bank index has
formed tiny bear candle after a strong move.
 However index lag its performance in relative term vis a vis to broader indices. Among 9 out of 12
stocks ended on negative note, mild upside tick observed in leading private banks.
 Going forward, 19050 level can act as immediate resistance and 18650 to 18700 range will be support.
Undertone of Bank Nifty will get louder above 19100 level.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The India VIX addition by 1.64% and reached 14.58. The Nifty was
up by 28.20 points or 0.32% to settle at 8,711.35.
From the most active contracts, State Bank of India August 2016
futures traded at a premium of 1.50 points at 234.15 compared
with spot closing of 232.65. Tata Steel August 2016 futures
traded at a premium of 1.35 points at 381.05 compared with
spot closing of 379.70. Reliance Industries of August 2016 futures
traded at a premium of 7.55 points at 1034.85 compared with
spot closing of 1,027.30. Bharat Forge August 2016 futures
traded at a premium of 7.30 points at 829.35 compared with
spot closing of 822.05. Hindustan Petroleum Corporation August
2016 futures traded at a premium of 3.45 points at 1317.55
compared with spot closing of 1,314.10.
The Nifty PCR finally stood at 0.98 for August month contract.
The top five scrips with highest PCR on OI were BHARATFORG
(1.58), GODREJIND (1.48), GRASIM (1.32), EICHERMOT (1.26) and
YESBANK (1.24).
9th August,2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
TATAELXSI 1748.50 5.83 12.81 1793.17
ABIRLANUVO 1620.40 4.33 11.02 1651.93
M&M 1506.65 1.20 10.77 1520.15
HEROMOTOCO 3470.95 0.90 10.25 3532.41
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
AMARAJABAT 930.25 2.76 -44.43 942.28
HINDZINC 221.70 0.77 -10.39 223.32
BHARATFORG 829.35 1.29 -5.89 849.81
HDIL 102.1 2.72 -5.57 103.49
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
ANDHRABANK 58.40 -5.27 8.43 59.24
BAJFINANCE 10088.75 -0.39 3.23 10187.06
BHARTIARTL 351.70 -2.95 2.33 356.72
CAIRN 197.4 -0.25 1.18 199.08
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
ALBK 77.75 -2.14 -8.39 78.99
TORNTPHARM 1526.20 -0.12 -4.82 1536.90
CADILAHC 374.95 -0.83 -3.16 377.78
HAVELLS 405.70 -0.60 -2.28 409.14
View – Bearish
Max. Profit of Rs. 27180, Approx. Loss of Rs.
8820 at SL level of 940
Expiry Date - 25th August 2016
Future
BUY /
SELL
QTY SERIES TYPE
Market
Price
SELL 600 AUGUST Fut 918
Option
BUY /
SELL
QTY
STRIK
E
PRICE
SERIE
S
OPTIO
N
TYPE
Premiu
m
SELL 600 880 AUGUST PE 7.30
HUL COVERED PUT
-40.00
-20.00
0.00
20.00
40.00
60.00
860.00 880.00 900.00 920.00 940.00 960.00

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
9th August,2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1715 1619 1590 1595 1720 1704 1692 1665 Down Sell
ADANIPORTS 241 223 216 217 239 236 231 224 Up Buy
AMBUJACEM 275 263 259 260 275 272 269 263 Up Buy
ASIANPAINT 1148 1045 1025 1030 1146 1138 1129 1112 Up Buy
AUROPHARMA 771 765 747 751 774 765 759 745 Down Sell
AXISBANK 570 577 569 570 569 566 562 555 Up Buy
BAJAJ-AUTO 2865 2763 2706 2755 2881 2844 2823 2765 Down Sell
BANKBARODA 157 167 158 159 157 154 152 147 Down Sell
BHARTIARTL 351 380 361 363 355 345 339 324 Down Sell
BHEL 140 145 139 140 139 137 134 128 Up Buy
BOSCHLTD 25488 24177 23800 24100 25363 25225 24963 24563 Up Buy
BPCL 605 563 552 554 604 590 575 546 Up Buy
CIPLA 535 517 505 507 536 531 527 518 Down Sell
COALINDIA 332 324 319 321 331 329 326 321 Up Buy
DRREDDY 3036 3610 3544 3561 3030 3015 2994 2958 Up Buy
EICHERMOT 22345 19999 19800 19907 22302 22123 21900 21498 Up Buy
GAIL 384 399 386 387 384 381 378 371 Down Sell
GRASIM 5276 4849 4772 4786 5295 5246 5217 5139 Down Sell
HCLTECH 818 725 715 724 820 810 802 784 Down Sell
HDFC 1363 1386 1338 1345 1360 1349 1335 1310 Up Buy
HDFCBANK 1248 1239 1223 1225 1249 1244 1239 1228 Down Sell
HEROMOTOCO 3447 3295 3240 3252 3470 3384 3320 3171 Down Sell
HINDALCO 149 141 136 137 149 146 143 137 Down Sell
HINDUNILVR 931 947 910 911 929 924 917 905 Up Buy
ICICIBANK 245 271 263 263 246 244 243 239 Down Sell
IDEA 103 113 103 105 104 102 100 96 Down Sell
INDUSINDBK 1193 1145 1127 1130 1196 1185 1177 1158 Down Sell
INFRATEL 380 359 351 357 385 375 369 353 Down Sell
INFY 1074 1085 1055 1081 1073 1064 1054 1036 Up Buy
ITC 250 250 248 249 251 248 246 241 Down Sell
KOTAKBANK 769 783 769 780 773 764 759 745 Down Sell
LT 1505 1604 1565 1575 1509 1493 1481 1454 Down Sell
LUPIN 1695 1690 1660 1665 1693 1675 1655 1616 Up Buy
M&M 1495 1482 1464 1468 1491 1478 1460 1428 Up Buy
MARUTI 4987 4564 4432 4456 4986 4961 4936 4886 Up Buy
NTPC 160 157 155 155 160 158 157 154 Down Sell
ONGC 226 229 217 218 226 224 223 220 Up Buy
POWERGRID 179 166 163 163 178 176 174 169 Up Buy
RELIANCE 1027 1039 1002 1003 1027 1019 1011 996 Up Buy
SBIN 233 234 228 229 233 231 229 225 Down Sell
SUNPHARMA 832 781 771 778 836 827 821 807 Down Sell
TATAMOTORS 515 505 490 491 517 511 508 498 Down Sell
TATAMTRDVR 334 322 313 313 335 332 331 327 Down Sell
TATAPOWER 73 72 70 71 72 72 70 68 Up Buy
TATASTEEL 380 379 364 365 380 376 372 364 Down Sell
TCS 2655 2469 2431 2431 2651 2633 2612 2573 Up Buy
TECHM 503 510 503 505 501 498 493 484 Up Buy
ULTRACEMCO 3770 3548 3483 3500 3785 3735 3701 3617 Down Sell
WIPRO 548 554 545 551 549 545 543 536 Down Sell
YESBANK 1264 1184 1170 1174 1263 1256 1248 1233 Up Buy
ZEEL 500 475 460 462 500 495 491 483 Down Sell

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
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9th August,2016
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Kapil Shah
Digitally signed by Kapil Shah
DN: cn=Kapil Shah, o=Choice Equity Pvt Ltd,
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email=kapil.shah@choiceindia.com, c=US
Date: 2016.08.09 08:38:21 +05'30'