The document provides a daily market summary and outlook for January 11, 2017. It notes that the Nifty may see a mild positive opening around 8040 supported by positive Asian markets. Sentiment remains positive due to expectations from the upcoming budget and increased tax revenues. The summary also provides closing numbers for key indices, commodities, currencies and volumes as well as recommendations for specific stocks.

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 8040 level
on back of SGX Nifty and other Asian counters which is trading on mixed
note today.
There are positive expectations from the upcoming Union
Budget, along with appreciation in the rupee and higher crude oil
prices , Nifty on Tuesday and ended the session with a gain of over
half a percent. The Nifty opened higher and traded in positive
terrain for the entire session as sentiments got support with Finance
Minister Arun Jaitley’s statement that “higher tax mop up shows
uptick in economic activity including manufacturing during the April-
December period”. He said that during April-December 2016, direct
tax collection was up by 12.01 per cent at Rs 5.53 lakh crore, as
compared to revenue in the year-ago period, while indirect tax
receipts soared 25 per cent to Rs 6.30 lakh crore. Some support also
came with Moody’s report which maintained positive outlook on
India and said beyond the short-term negative impact on growth,
demonetization has the potential to raise government revenues and
provide some fiscal space to support growth if required.
Furthermore, describing demonetization as only a ‘bump’, Cisco
Executive Chairman John Chambers said India is well-positioned to
maintain GDP growth rate of over 7 per cent for the next few years
and it should be a 'top ally' for the US in the Asia Pacific region.
Traders were seen piling up positions in Metal, Auto and FMCG
stocks, while selling was witnessed only in Realty stocks.
11th Jan-17
SENSEX 26,899 0.64%
NIFTY 8,288 0.63%
SGX Nifty* 8,328 0.36%
Global Indices
Dow Jones 19,880 -0.20%
Nasdaq 5,551 0.36%
FTSE 7,275 0.51%
DAX 11,583 0.16%
Straits Times 3,013 0.23%
Nikkei 225 19,367 0.34%
Hang Seng 22,890 0.63%
Commodities
Gold 28,144 0.33%
Silver 41,096 0.99%
Natural Gas 224 5.31%
Crude Oil 3,513 -1.74%
Currency
Dollar / Rupee 68.23 0.07%
Euro / Rupee 71.90 -0.21%
Pound / Rupee 83.00 -0.16%
Volumes Rs.mn
Cash BSE 2,824 1.87
Cash NSE 178,675 23.14
FII Activities Rs.Cr.
Purchase Sale Net
3425.7 3315.56 110.2
MF Activities Rs.Cr.
Purchase Sale Net
4470.3 3056.2 1414.1
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
11th Jan-17
 After breakout index pause for 2 days and then resumed its previous uptrend. Index opened on
positive note and thereafter moved higher till end of the day.
 From candle stick perspective Nifty has formed strong bull candle which represents bull has
dominated entire trading session.
 Momentum oscillator RSI has formed peak at 60 level which is considered as upper band of bearish
zone.
 Going forward, further positive move can be expected upto 8400 level with SL of 8220.
 Nifty Bank continued to show its outperformance vis a vis to broader index. It shows its relative
strength is on higher side.
 From candle stick perspective index has formed strong bull candle which shows dominance of bull for
entire trading session.
 Index is comfortably sustaining above its short and long term moving average and along with that
momentum oscillator RSI is sustaining above its previous high.
 Going forward based on aforementioned rational further positive momentum can be expected upto
18600 level.
21 DEMA 8202
100 DEMA 8376
250 DEMA 8243
Moving Averages
L1 L2 L3
R 8219 8256 8283
S 8155 8128 8091
L1 L2 L3
R 18475 18541 18641
S 18309 18209 18143
21 DEMA 18199
100 DEMA 18600
250 DEMA 18133
Moving Averages

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
11th Jan-17
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1317 1370 1346 1332 1323 1308 1300 1276 Down Sell
ADANIPORTS 294 311 301 297 291 288 282 272 Up Buy
AMBUJACEM 210 219 215 212 210 208 206 201 Down Sell
ASIANPAINT 925 963 942 933 921 912 900 879 Up Buy
AUROPHARMA 699 725 711 705 698 692 684 670 Up Buy
AXISBANK 448 506 474 461 443 429 411 379 Up Buy
BAJAJ-AUTO 2729 2800 2765 2747 2729 2712 2694 2659 Down Sell
BANKBARODA 153 159 156 155 153 152 150 147 Up Buy
BHARTIARTL 319 327 323 321 319 317 315 311 Up Buy
BHEL 128 131 130 129 128 128 127 125 Down Sell
BOSCHLTD 21100 21709 21393 21247 21077 20931 20761 20445 Up Buy
BPCL 660 700 682 671 665 653 647 629 Down Sell
CIPLA 574 595 586 580 577 571 567 558 Down Sell
COALINDIA 301 309 305 303 301 299 297 293 Down Sell
DRREDDY 3042 3128 3089 3066 3050 3027 3012 2973 Down Sell
EICHERMOT 22960 24011 23484 23222 22956 22694 22428 21901 Up Buy
GAIL 439 455 447 443 440 436 432 425 Down Sell
GRASIM 850 889 871 861 854 843 836 818 Down Sell
HCLTECH 837 858 848 843 839 833 829 820 Down Sell
HDFC 1218 1249 1235 1226 1220 1211 1205 1190 Down Sell
HDFCBANK 1216 1252 1231 1223 1209 1202 1188 1166 Up Buy
HEROMOTOCO 3066 3159 3106 3086 3053 3033 2999 2946 Up Buy
HINDALCO 165 178 170 168 163 160 155 148 Up Buy
HINDUNILVR 830 846 839 834 832 827 825 818 Down Sell
ICICIBANK 261 268 264 262 260 259 257 253 Up Buy
IDEA 75 77 76 75 74 74 73 72 Up Buy
INDUSINDBK 1165 1217 1188 1177 1159 1148 1130 1101 Up Buy
INFRATEL 354 364 359 356 353 350 347 341 Up Buy
INFY 971 999 986 979 973 966 960 947 Down Sell
ITC 248 256 252 250 248 246 244 240 Up Buy
KOTAKBANK 712 724 718 715 713 710 707 701 Down Sell
LT 1392 1423 1406 1399 1388 1382 1371 1353 Up Buy
LUPIN 1488 1528 1510 1499 1491 1480 1473 1454 Down Sell
M&M 1214 1242 1226 1220 1210 1204 1195 1179 Up Buy
MARUTI 5681 5777 5725 5703 5672 5650 5619 5567 Up Buy
NTPC 163 167 165 164 163 162 161 158 Down Sell
ONGC 198 210 205 201 200 196 194 189 Down Sell
POWERGRID 187 193 190 188 187 185 183 180 Down Sell
RELIANCE 1088 1116 1102 1095 1087 1081 1073 1059 Up Buy
SBIN 249 253 251 250 248 247 246 243 Up Buy
SUNPHARMA 639 661 648 644 635 631 623 610 Up Buy
TATAMOTORS 518 538 526 522 514 510 502 490 Up Buy
TATAMTRDVR 327 339 332 329 325 322 318 311 Up Buy
TATAPOWER 77 79 78 77 77 76 76 75 Up Buy
TATASTEEL 432 449 439 435 429 426 419 409 Up Buy
TCS 2314 2388 2350 2332 2312 2294 2273 2235 Up Buy
TECHM 473 487 479 476 472 469 465 457 Up Buy
ULTRACEMCO 3283 3394 3340 3311 3286 3257 3232 3178 Down Sell
WIPRO 477 491 483 480 476 473 468 461 Up Buy
YESBANK 1271 1310 1288 1279 1265 1257 1243 1220 Up Buy
ZEEL 467 478 472 469 466 464 461 455 Up Buy

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
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11th Jan-17
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Date: 2017.01.11 09:30:06 +05'30'