The document provides a daily market summary and outlook for the Nifty 50 and Bank Nifty indices in India. It notes that the indices opened lower due to weak global cues and are facing resistance at key levels. The Bank Nifty closed with mild losses near a resistance level of 18,000. Going forward, the document suggests the Nifty may see further declines if it is unable to sustain levels above 8,200 and Bank Nifty could rise if it breaks above 18,000. Derivative data is also presented on open interest levels and most active contracts.

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 8095 level on
back of SGX Nifty and other Asian counters which is trading on negative note
today.
Nifty ended lower on Friday on account of selling in the frontline blue chips
counters amid weak cues from global markets as investors remained wary
ahead of the US Federal Reserve meet and worries regarding a UK
referendum that could push Britain out of the European Union. Sentiments
also maintained cautious stance ahead of industrial production data for April
which is scheduled to be released later in the day. Besides, caution also
prevailed in the market with the report that monsoon rains in India were 18
per cent below average in the week to June 8, as the onset of rainfall was
delayed by nearly a week from its usual arrival on June 1, 2016. However,
losses remained capped with Union Home Minister Rajnath Singh’s
statement that the India is the fastest growing economy in the world with
the country witnessing more investments in past financial year than China
and the United States. Investors also got some support with report that a
group of central and state government officials set up to frame the law for
the proposed goods and services tax (GST) has submitted its final draft that
could be taken up at a meeting of the empowered committee of state
finance ministers next week. Meanwhile, shares of sugar companies rallied
after the Food Minister Ram Vilas Paswan has said that the government is
planning to impose 25% duty on export of sugar to ensure sufficient supply
in the domestic market.
The top gainers in Nifty index were HINDALCO, YESBANK, BHEL, ACC,
AMBUJACEM. While on the other hand, top losers were TATAMTRDVR,
TATASTEEL, GAIL, TATAMOTORS, COALINDIA.
13th June,2016
SENSEX 26,636 -0.48%
NIFTY 8,170 -0.41%
SGX Nifty* 8,122 -0.92%
Global Indices
Dow Jones 17,865 -0.67%
Nasdaq 4,895 -1.31%
FTSE 6,116 -1.90%
DAX 9,835 -2.59%
Straits Times 2,775 -1.74%
Nikkei 225 16,168 -2.68%
Hang Seng 20,527 -2.51%
Commodities
Gold 30,084 0.49%
Silver 41,068 0.39%
Natural Gas 172 -1.74%
Crude Oil 3,298 -2.27%
Currency
Dollar / Rupee 66.76 0.07%
Euro / Rupee 75.29 -0.09%
Pound / Rupee 94.97 -0.26%
Volumes Rs.mn
Cash BSE 23,704 -15.38
Cash NSE 165,498 -0.81
FII Activities Rs.Cr.
Purchase Sale Net
4457.42 4,256 201.54
MF Activities Rs.Cr.
Purchase Sale Net
8269.9 5,600 2670.3
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 17828 with mild loss of -0.33%. Bank Nifty opened on mild negative note and
continued to slide down.
 Bank Nifty faced resistance at 18000 level around which is 61.8% retracement level and its previous
reversal area.
 Among Bank Nifty index 4 banking stock ended on positive note, some positive momentum seen in
private banks.
 Going forward, Bank Nifty approached to 18000 level which can act as psychological hurdle, fresh
buying can be initiated above 18000 level. On down side immediate support will be in the range of
17500 to 17400 level.
13th June,2016
 Index has breached previous 5 days low, on weekly chart Nifty has formed mild bear candle. Index has
faced stiff resistance at 8300 level.
 Nifty closed at 8170 level with loss of -33 points or -0.41%. From candlestick perspective Nifty has
formed mild bear candle.
 Nifty has faced resistance at 8300 level which is 61.8% retracement level and previous reversal area.
 Going forward, Seeing reaction from upper band it seems that sustainability below 8200 can lead to
further profit booking. On lower side 8150 to 8120 level.
L1 L2 L3
R 8236 8302 8339
S 8133 8097 8031
21 DEMA 8033
50 DEMA 7891
100 DEMA 7629
Moving Averages
L1 L2 L3
R 17137 18135 18218
S 17745 17662 17509
21 DEMA 17230
50 DEMA 16716
100 DEMA 15840
Moving Averages

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The VIX increased by 1.90% and reached 15.97. The Nifty was down
by 33.55 points to settle at 8,170.05.
Nifty June 2016 futures closed at 8190.40 on Friday at a premium of
20.35 points. Nifty June futures saw contraction of 0.02 million (mn)
units, taking the total outstanding open interest (OI) to 21.48 million
(mn) units. Among Nifty calls, 8300 SP from the June month expiry
was the most active call with an addition of 0.33 million open
interests. Among Nifty puts, 8200 SP from the June month expiry was
the most active put with an addition of 0.05 million open interests.
The maximum OI outstanding for Calls was at 8300 SP (5.52 mn) and
that for Puts was at 8000 SP (6.92 mn). From the most active
contracts, SBI June 2016 futures traded at a discount of 0.20 points at
206.30. ICICI Bank June 2016 futures traded at a discount of 3.90
points at 248.90. Vedanta June 2016 futures traded at a premium of
0.70 points at 117.05. BHEL June 2016 futures traded at a premium of
0.35 points at 123.95. Tata Motors June 2016 futures traded at a
premium of 1.85 points at 459.25.
The Nifty PCR finally stood at 1.25 for June month contract. The top
five scrips with highest PCR on OI were Apollo Hospital 1.76, Indusind
Bank 1.27, Hindalco 1.22, Maruti Suzuki India 1.15 and JSW 1.09.
13th June,2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
SUNTV 371.55 3.15 18.05 377.95
KPIT 186.10 3.65 13.91 190.68
JSWENERGY 80.40 2.03 10.60 82.48
VEDL 117.05 3.22 4.65 118.22
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
AMBUJACEM 235.60 0.99 -9.61 236.84
PETRONET 276.90 0.38 -7.59 279.15
AMARAJABAT 850.10 0.73 -7.29 857.53
FEDERALBNK 58.5 0.34 -7.20 59.21
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
PIDILITIND 699.85 -0.81 8.77 706.19
DHFL 209.85 -1.53 8.28 212.94
HINDUNILVR 870.15 -0.24 5.50 875.33
BATAINDIA 552.25 -1.15 5.19 557.22
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
TATAMOTORS 459.25 -2.10 -6.08 463.78
UNIONBANK 118.90 -0.75 -5.12 120.41
MCLEODRUSS 186.70 -0.43 -4.52 188.42
DLF 134.5 -1.43 -3.72 136.22
SHORT COLLAR
Ini. Date- 2nd June, 2016 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

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
13th June,2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1560 1610 1580 1570 1550 1540 1520 1490 Up Buy
ADANIPORTS 203 212 208 205 203 201 199 195 Down Sell
AMBUJACEM 236 244 239 237 234 232 229 224 Up Buy
ASIANPAINT 993 1013 1003 998 994 989 985 975 Down Sell
AUROPHARMA 743 782 763 753 745 735 726 707 Down Sell
AXISBANK 542 565 554 548 543 537 532 521 Down Sell
BAJAJ-AUTO 2581 2707 2648 2615 2590 2556 2531 2473 Down Sell
BANKBARODA 146 159 153 150 147 144 142 136 Down Sell
BHARTIARTL 351 363 357 354 351 348 345 339 Up Buy
BHEL 124 133 129 126 124 122 119 115 Down Sell
BOSCHLTD 21480 22593 22093 21787 21593 21287 21093 20593 Down Sell
BPCL 990 1033 1013 1001 993 982 973 953 Down Sell
CIPLA 478 504 492 485 480 473 468 455 Down Sell
COALINDIA 307 329 319 313 310 303 300 290 Down Sell
DRREDDY 3067 3156 3113 3090 3070 3047 3027 2984 Down Sell
EICHERMOT 18664 19131 18865 18765 18599 18499 18333 18067 Up Buy
GAIL 368 399 385 376 372 363 358 344 Down Sell
GRASIM 4328 4496 4402 4365 4308 4271 4215 4121 Up Buy
HCLTECH 750 775 763 757 751 745 739 727 Down Sell
HDFC 1231 1284 1261 1246 1237 1222 1213 1190 Down Sell
HDFCBANK 1161 1196 1180 1170 1163 1154 1147 1130 Down Sell
HEROMOTOCO 3065 3191 3135 3100 3079 3044 3023 2967 Down Sell
HINDALCO 116 125 119 118 114 112 109 103 Up Buy
HINDUNILVR 877 905 891 884 878 870 864 850 Down Sell
ICICIBANK 253 266 260 256 254 250 248 242 Down Sell
IDEA 103 108 106 105 104 103 102 100 Down Sell
INDUSINDBK 1110 1151 1133 1122 1115 1103 1097 1079 Down Sell
INFRATEL 376 391 383 380 375 372 368 360 Up Buy
INFY 1181 1220 1200 1191 1180 1171 1160 1141 Up Buy
ITC 351 370 362 356 353 348 345 336 Down Sell
KOTAKBANK 750 779 764 757 750 743 736 722 Down Sell
LT 1491 1548 1519 1505 1491 1477 1462 1433 Up Buy
LUPIN 1439 1502 1471 1455 1439 1423 1408 1376 Down Sell
M&M 1375 1464 1423 1399 1381 1358 1340 1299 Down Sell
MARUTI 4100 4326 4229 4165 4132 4068 4035 3938 Down Sell
NTPC 151 157 154 153 151 150 149 146 Down Sell
ONGC 218 231 225 221 219 216 214 208 Down Sell
POWERGRID 154 159 156 155 154 153 152 150 Up Buy
RELIANCE 976 1008 992 984 976 968 960 944 Down Sell
SBIN 206 220 214 210 208 204 201 195 Down Sell
SUNPHARMA 743 760 751 747 743 739 734 726 Up Buy
TATAMOTORS 457 484 472 465 460 452 447 435 Down Sell
TATAMTRDVR 314 338 327 321 316 309 304 293 Down Sell
TATAPOWER 76 79 77 77 76 75 75 74 Up Buy
TATASTEEL 334 359 348 341 337 330 326 315 Down Sell
TCS 2554 2670 2620 2587 2570 2537 2520 2470 Down Sell
TECHM 538 556 546 542 536 532 527 517 Up Buy
ULTRACEMCO 3390 3507 3439 3415 3371 3347 3303 3235 Up Buy
WIPRO 545 553 549 547 545 543 541 537 Down Sell
YESBANK 1064 1113 1085 1075 1058 1047 1030 1002 Up Buy
ZEEL 459 475 468 463 460 456 453 445 Down Sell

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
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13th June,2016
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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: 2016.06.13 08:48:28 +05'30'