#ChoiceBroking #EquityBazaar - Today, We may witness gap down opening in Nifty around 8725 level on back of SGX Nifty and other Asian counters which is trading on negative note today.

1. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Intraday
Today, We may witness gap down opening in Nifty around 8725 level on back
of SGX Nifty and other Asian counters which is trading on negative note
today.
Friday’s session turned out to be a daunting session of trade for Nifty which
ended with a cut of almost one percent amid weak global cues. After a
negative opening, market traded in red terrain and never looked confident
during the session to end near intraday lows, on reports of a nuclear test in
North Korea and amid uncertainty over the European Central Bank’s (ECB)
future policy steps. Also traders remained on sidelines ahead of IIP data due
to be released later in the day. Selling got intensified in last leg of trade with
the report that the country-wide monsoon deficit stood at 4% with
northeastern and eastern states reporting 13% less rains from June 1 to
September 7, 2016. India mostly remained dry during last week, with many
areas receiving scanty rainfall. June witnessed a rain deficiency of 11%, while
July had 7% of surplus rainfall. August again witnessed a dip of 9.7%. Investors
shrugged off report the President Pranab Mukherjee giving his assent to the
landmark Goods and Services Tax (GST) Bill. Now the Centre will have to pass
the Central GST and Integrated GST Bills, while the states will need to approve
their respective GST legislations. The government targets to implement the
GST system from 1 April, 2017. On global front, European counters were
trading in red, driven by German trade figures that cast doubt on the strength
of the euro zone’s largest economy and lingering disappointment after the
European Central Bank’s policy meeting the previous day. Asian markets
ended mostly lower, while Japan stocks ended higher as gains in the
transport, mining and shipbuilding sectors led shares higher.
The top gainers in Nifty index were ONGC, GAIL, TCS, WIPRO, RELIANCE.
While on the other hand, top losers were HINDALOC, YESBANK,
ULTRACEMCO, AXISBANK, HEROMOTOCO.
12th September, 2016
SENSEX 28,797 -0.86%
NIFTY 8,867 -0.97%
SGX Nifty* 8,765 -1.63%
Global Indices
Dow Jones 18,085 -2.18%
Nasdaq 5,126 -2.61%
FTSE 6,777 -1.21%
DAX 10,573 -0.96%
Straits Times 2,873 -0.74%
Nikkei 225 16,709 -1.54%
Hang Seng 23,524 -2.45%
Commodities
Gold 31,217 0.04%
Silver 46,194 -1.13%
Natural Gas 188 1.17%
Crude Oil 3,080 -2.73%
Currency
Dollar / Rupee 66.68 0.09%
Euro / Rupee 75.16 0.09%
Pound / Rupee 88.69 -0.01%
Volumes Rs.mn
Cash BSE 35,680 -10.30
Cash NSE 231,599 -2.58
FII Activities Rs.Cr.
Purchase Sale Net
6229.72 5,465 764.28
MF Activities Rs.Cr.
Purchase Sale Net
6919.1 5,286 1633
Indian Markets
*Sources- Bloomberg, M oneycontrol, Zeebusiness, livemint

2. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Outlook
Bank Nifty Outlook
12th September, 2016
L1 L2 L3
R 8918 8969 8998
S 8837 8808 8757
21 DEMA 8743
50 DEMA 8584
100 DEMA 8368
Moving Averages
L1 L2 L3
R 20350 20455 20561
S 20140 20034 19929
21 DEMA 19623
50 DEMA 19005
100 DEMA 18253
Moving Averages
 Earlier week started on positive note but ended on weaker side and leaving positive insight behind. On
weekly chart it has formed shooting star which is reversal pattern but confirmation required through in
following session.
 Global markets were deteriorated overnight and it took breath after so long rise in uni direction.
 Momentum oscillator RSI also likely to cool off from overbought territory.
 Going forward, further round of profit taking can be observed at higher level. Immediate support for
the market can be around 8700 level around. On higher side resistance can be around 8900 level.
 On weekly chart Bank Nifty has formed shooting star which is potential reversal pattern however due
confirmation require to validate its implication.
 Coincidentally index has formed top to its previous reversal level which raises flag for concern.
 Momentum oscillator RSI also likely to cool off from overbought territory and ADX is also reacting from
higher level.
 Going forward, mild round of profit taking can be observed in index upto 19800 which is fib support
from various measures and base of consolidation phase

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The India VIX addition by 0.88% and reached 13.23. The Nifty was
down by 85.80 points or 0.96% to settle at 8,866.70.
From the most active contracts, State Bank of India September
2016 futures traded at a premium of 1.60 points at 265.30
compared with spot closing of 263.70. ICICI Bank September
2016 futures traded at a premium of 1.35 points at 275.35
compared with spot closing of 274.00. Punjab National Bank
Industries September 2016 futures traded at a premium of 0.30
points at 145.50 compared with spot closing of 145.20. Axis Bank
September 2016 futures traded at a premium of 2.65 points at
616.20 compared with spot closing of 613.55. Sun
Pharmaceuticals September 2016 futures traded at a premium of
4.55 points at 799.40 compared with spot closing of 794.85.
The Nifty PCR finally stood at 1.33 for September month
contract. The top five scrips with highest PCR on OI were MRF
(8.00), MARUTI (1.38), TATAMOTORS (1.12), BHARTIARTL (1.11)
and CENTURYTEX (1.03).
12th September, 2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
RELCAPITAL 556.50 0.42 5.83 563.76
HDIL 101.40 0.10 4.90 103.33
CAIRN 200.40 0.50 4.71 202.31
IDBI 79.8 5.00 4.13 81.69
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
OIL 392.15 0.97 -13.53 396.85
CENTURYTEX 834.60 2.59 -13.39 853.81
JSWENERGY 82.35 3.00 -12.81 83.71
MRF 40250.5 0.27 -8.42 40525.12
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
TORNTPHARM 1669.20 -1.41 16.40 1694.81
NCC 88.40 -0.95 8.62 89.66
CADILAHC 390.90 -1.05 7.01 396.63
BIOCON 912.75 -2.23 6.54 927.30
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
PCJEWELLER 484.65 -0.09 -13.56 490.48
CESC 643.30 -4.36 -10.72 662.25
AMBUJACEM 273.75 -1.32 -7.63 275.66
ORIENTBANK 131.05 -0.91 -6.23 132.48
INFOSYS CALL RATIO SPREAD
View - Moderate Bullish
Max. Profit of 32.86 (Rs. 16430), Approx. Loss of 7.14
(Rs. 3570) at SL level 1120
Expiry Date - 29th September, 2016
BUY /
SELL
QTY
STRIKE
PRICE
SERIES
OPTION
TYPE
Premium
BUY 500 1040 SEP CE 31.35
SELL 500 1080 SEP CE 12.10
SELL 500 1080 SEP CE 12.10

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
12th September, 2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1659 1619 1590 1595 1668 1643 1626 1584 Down Sell
ADANIPORTS 272 223 216 217 273 270 267 262 Down Sell
AMBUJACEM 273 263 259 260 274 271 269 264 Down Sell
ASIANPAINT 1168 1045 1025 1030 1173 1164 1159 1145 Down Sell
AUROPHARMA 803 765 747 751 807 795 788 769 Down Sell
AXISBANK 614 577 569 570 617 609 604 591 Down Sell
BAJAJ-AUTO 3023 2763 2706 2755 3049 2991 2959 2869 Down Sell
BANKBARODA 172 167 158 159 173 171 169 165 Down Sell
BHARTIARTL 320 380 361 363 322 317 313 305 Down Sell
BHEL 154 145 139 140 154 152 151 147 Down Sell
BOSCHLTD 24101 24177 23800 24100 24207 23964 23827 23447 Down Sell
BPCL 587 563 552 554 589 583 579 569 Down Sell
CIPLA 581 517 505 507 585 574 567 550 Down Sell
COALINDIA 332 324 319 321 332 331 329 327 Up Buy
DRREDDY 3189 3610 3544 3561 3195 3165 3140 3086 Down Sell
EICHERMOT 22892 19999 19800 19907 23109 22644 22397 21685 Down Sell
GAIL 395 399 386 387 394 389 383 372 Up Buy
GRASIM 4708 4849 4772 4786 4726 4673 4638 4551 Down Sell
HCLTECH 778 725 715 724 780 771 764 747 Down Sell
HDFC 1413 1386 1338 1345 1417 1392 1372 1326 Down Sell
HDFCBANK 1290 1239 1223 1225 1288 1281 1271 1255 Up Buy
HEROMOTOCO 3615 3295 3240 3252 3629 3553 3491 3353 Down Sell
HINDALCO 155 141 136 137 157 152 149 140 Down Sell
HINDUNILVR 931 947 910 911 937 921 911 884 Down Sell
ICICIBANK 274 271 263 263 273 271 267 262 Up Buy
IDEA 84 113 103 105 84 83 82 81 Down Sell
INDUSINDBK 1222 1145 1127 1130 1215 1207 1192 1168 Up Buy
INFRATEL 352 359 351 357 355 346 340 325 Down Sell
INFY 1036 1085 1055 1081 1035 1028 1020 1006 Up Buy
ITC 259 250 248 249 260 256 253 245 Down Sell
KOTAKBANK 818 783 769 780 817 809 801 784 Up Buy
LT 1515 1604 1565 1575 1522 1503 1491 1460 Down Sell
LUPIN 1569 1690 1660 1665 1574 1560 1550 1526 Down Sell
M&M 1475 1482 1464 1468 1478 1458 1442 1405 Down Sell
MARUTI 5400 4564 4432 4456 5422 5355 5309 5197 Down Sell
NTPC 159 157 155 155 159 158 157 154 Down Sell
ONGC 255 229 217 218 253 249 243 232 Up Buy
POWERGRID 184 166 163 163 185 183 181 178 Down Sell
RELIANCE 1042 1039 1002 1003 1040 1031 1021 1001 Up Buy
SBIN 264 234 228 229 265 262 260 255 Down Sell
SUNPHARMA 795 781 771 778 802 786 778 754 Down Sell
TATAMOTORS 573 505 490 491 576 569 565 553 Down Sell
TATAMTRDVR 363 322 313 313 365 360 357 350 Down Sell
TATAPOWER 77 72 70 71 77 76 76 74 Down Sell
TATASTEEL 395 379 364 365 398 390 385 371 Down Sell
TCS 2352 2469 2431 2431 2346 2326 2300 2253 Up Buy
TECHM 458 510 503 505 458 451 444 430 Down Sell
ULTRACEMCO 3975 3548 3483 3500 4009 3899 3824 3638 Down Sell
WIPRO 480 554 545 551 479 475 470 462 Up Buy
YESBANK 1276 1184 1170 1174 1279 1243 1211 1143 Down Sell
ZEEL 532 475 460 462 534 529 526 518 Down Sell

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Contact Us
www.choiceindia.com
Kkunal Parmar
Sr. Research Associate
kkunal.parmar@choiceindia.com
Vikas Chaudhari
Research Associate
vikas.chaudhari@choiceindia.com
www.choicebroking.incustomercare@choiceindia.com
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Amit Pathania
Research Associate
amit.pathania@choiceindia.com
12th September, 2016
Kapil Shah
Research Associate
kapil.shah@choiceindia.com
Kunal Parmar
Digitally signed by Kunal Parmar
DN: cn=Kunal Parmar, o=Choice Equity
Broking Pvt Ltd., ou=Research Dept,
email=kunal.parmar@choiceindia.com, c=IN
Date: 2016.09.12 08:50:54 +05'30'