#ChoiceBroking #EquityBazaar

1. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Intraday
Today, We may witness gap up opening in Nifty around 8213 level on back of
SGX Nifty and other Asian counters which is trading on positive note today.
Nifty continued its southbound journey for second consecutive day on
Tuesday and ended in deep red with a massive cut of over two percent,
breaching its crucial 8,150 mark on continued foreign fund outflows and
weakness in emerging market currencies against the dollar since Donald
Trump's unexpected win in the US presidential election on November 8, 2016.
Foreign institutional investors were sellers in equities worth over Rs 4,000
crore in the past three trading sessions. Sentiment also weighed down by the
government’s move last week to withdraw high-value currency notes and
disappointing quarterly earnings by some more blue-chip companies. Many
agencies criticizing the government over demonetisation of Rs 500 and Rs
1,000 notes, saying the move has led to 'financial chaos' across the country as
well as condemning that the decision was taken without proper planning or
preparation. Also, the sudden decline in money supply and simultaneous rise
in bank deposits post demonetisation is going to adversely impact
consumption in the economy in the short term and may lead to a lower GDP
growth. The boardroom battle in the Tata Group hurt shares of almost all the
companies in the group and weighed on the market as well. Global cues too
dampened sentiments with Asian equity markets ending mostly lower on
Tuesday on a rising dollar, falling oil prices and the extended weakness of the
yuan that kept underlying sentiments somewhat cautious. Back home, traders
were seen some lower level buying in IT stocks, while sharp selling was
witnessed in Realty, Auto and Metal sector stocks.
The top gainers in Nifty index were BANKBARODA, SBIN, TCS, IDEA, DRREDDY.
While on the other hand, top losers were TATAMOTORS, TATAMTRDVR,
INDUSINDBK, GRASIM, TATASTEEL.
16th November 2016
SENSEX 26,305 -1.95%
NIFTY 8,108 -2.32%
SGX Nifty* 8,223 1.31%
Global Indices
Dow Jones 18,923 0.29%
Nasdaq 5,276 1.08%
FTSE 6,793 0.58%
DAX 10,735 0.39%
Straits Times 2,805 0.28%
Nikkei 225 17,882 1.20%
Hang Seng 22,417 0.42%
Commodities
Gold 29,320 -1.32%
Silver 41,407 0.94%
Natural Gas 186 -1.18%
Crude Oil 3,083 5.58%
Currency
Dollar / Rupee 67.74 0.72%
Euro / Rupee 72.78 0.18%
Pound / Rupee 84.41 0.01%
Volumes Rs.mn
Cash BSE 65,300 88.66
Cash NSE 324,578 24.41
FII Activities Rs.Cr.
Purchase Sale Net
6243.58 8,772 -2528.82
MF Activities Rs.Cr.
Purchase Sale Net
6716.4 9,356 -2639.8
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
16th November 2016
L1 L2 L3
R 8234 8359 8429
S 8038 7968 7843
21 DEMA 8513
50 DEMA 8583
100 DEMA 8502
Moving Averages
L1 L2 L3
R 19688 20085 20309
S 19066 18843 18445
21 DEMA 19509
50 DEMA 19425
100 DEMA 18985
Moving Averages
 Series of gap up and gap down continued, Nifty opened on negative note and opened below its 250
day long term moving average which is breach of crucial support point.
 From past 2 trading session Nifty is forming shaven top which indicate selling from initial ticks and
bears dominated entire trading session.
 Momentum oscillator RSI has breached its previous low and entered below 30 level which is
considered as oversold territory
 Going forward, looking at oversold nature of market round of relief rally can be expected on higher
side resistance can be felt around 8220 level.
 Bank Nifty again back below its downward sloping trendline and formed strong bear candle.
 It has formed shaven top which indicate selling has emerged from its initial ticks and sustained till
closing bell.
 Momentum oscillator RSI has breached below its average line which indicate negative crossover.
 Going forward, Index can be approach its immediate resistance point at 19500 and on downside
support lies at 19000 level.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The India VIX addition by 16.01% and reached 20.14. The
Nifty was down by 187.85 points or 2.26% to settle at
8,108.45.
From the most active contracts, ICICI Bank futures traded at
a discount of 0.05 points at 270.60 compared with spot
closing of 270.65. SBI futures traded at a premium of 0.90
points at 278.90 compared with spot closing of 278.00. Bank
of Baroda futures traded at a premium of 1.00 points at
174.90 compared with spot closing of 173.90. Hindalco
Industries futures traded at a premium of 0.10 points at
168.50 compared with spot closing of 168.40. Axis Bank
futures traded at a premium of 1.15 points at 481.20
compared with spot closing of 480.05.
The Nifty Put Call Ratio (PCR) finally stood at 0.63 for
November month contract. The top five scrips with highest
PCR on OI were UBL (0.78), Cummins India (0.89), JSW Steel
(0.88), Oil India (0.82) and Larsen & Toubro (0.78).
16th November 2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
BANKBARODA 174.90 8.40 10.54 179.60
SBIN 278.90 1.83 7.41 283.60
HCLTECH 771.75 0.68 5.20 789.34
INFY 927.75 0.29 3.88 938.16
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
M&MFIN 291.10 1.29 -18.68 303.97
DISHTV 90.95 4.12 -9.66 94.37
UNIONBANK 144.95 2.26 -6.15 148.12
MCLEODRUSS 158.25 1.77 -5.66 161.82
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
INDUSINDBK 1097.85 -8.30 24.99 1140.21
MARUTI 4866.20 -5.60 21.48 4977.53
HINDALCO 168.50 -2.60 14.08 173.81
KOTAKBANK 792.8 -3.19 11.94 804.68
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
MRF 50027.75 -4.70 -15.09 51267.05
PCJEWELLER 355.30 -13.17 -14.66 398.28
PIDILITIND 616.65 -6.88 -13.76 645.20
VEDL 210.55 -7.98 -12.86 218.76

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
16th November 2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1340 1509 1470 1405 1367 1302 1263 1160 Down Sell
ADANIPORTS 265 301 291 278 268 255 245 223 Down Sell
AMBUJACEM 208 242 235 221 214 201 194 174 Down Sell
ASIANPAINT 892 1054 1013 952 911 850 809 707 Down Sell
AUROPHARMA 737 838 814 776 752 714 690 628 Down Sell
AXISBANK 480 523 513 496 487 470 460 434 Down Sell
BAJAJ-AUTO 2578 2803 2731 2654 2582 2506 2434 2285 Down Sell
BANKBARODA 174 191 184 179 172 167 161 149 Up Buy
BHARTIARTL 304 319 312 308 301 297 290 279 Up Buy
BHEL 133 143 141 137 135 131 129 122 Down Sell
BOSCHLTD 19399 20985 20632 20016 19663 19047 18694 17725 Down Sell
BPCL 640 689 672 656 639 623 606 572 Up Buy
CIPLA 553 599 580 567 548 534 515 483 Up Buy
COALINDIA 313 341 335 324 318 307 301 284 Down Sell
DRREDDY 3301 3409 3369 3335 3296 3262 3222 3149 Up Buy
EICHERMOT 20265 23703 22722 21493 20512 19283 18302 16092 Down Sell
GAIL 436 475 461 448 434 422 408 382 Up Buy
GRASIM 824 967 934 879 845 790 757 668 Down Sell
HCLTECH 762 838 813 787 762 736 711 660 Down Sell
HDFC 1216 1306 1282 1249 1225 1192 1168 1111 Down Sell
HDFCBANK 1253 1316 1303 1278 1264 1240 1226 1188 Down Sell
HEROMOTOCO 2897 3076 3029 2963 2915 2849 2802 2689 Down Sell
HINDALCO 168 191 186 177 172 163 158 144 Down Sell
HINDUNILVR 805 842 826 815 799 789 773 746 Up Buy
ICICIBANK 271 294 287 279 273 264 258 243 Down Sell
IDEA 71 76 74 72 71 69 68 65 Up Buy
INDUSINDBK 1092 1288 1244 1168 1124 1048 1004 884 Down Sell
INFRATEL 363 391 382 372 364 354 345 327 Down Sell
INFY 918 967 953 936 922 904 891 859 Down Sell
ITC 236 254 251 243 240 232 228 217 Down Sell
KOTAKBANK 788 845 832 810 797 775 762 727 Down Sell
LT 1367 1439 1423 1395 1379 1351 1335 1291 Down Sell
LUPIN 1441 1500 1483 1462 1445 1425 1408 1370 Down Sell
M&M 1238 1363 1310 1274 1222 1186 1133 1044 Up Buy
MARUTI 4830 5343 5231 5031 4918 4718 4606 4293 Down Sell
NTPC 150 156 154 152 151 149 147 144 Down Sell
ONGC 275 301 294 284 277 267 260 243 Down Sell
POWERGRID 185 191 189 187 185 183 181 177 Up Buy
RELIANCE 983 1016 1008 995 987 975 967 947 Down Sell
SBIN 278 297 290 284 277 271 265 252 Up Buy
SUNPHARMA 680 730 718 699 687 668 656 625 Down Sell
TATAMOTORS 460 511 498 479 466 447 434 402 Down Sell
TATAMTRDVR 299 341 331 315 305 289 279 253 Down Sell
TATAPOWER 69 76 74 72 70 68 66 62 Down Sell
TATASTEEL 393 437 428 410 401 383 374 347 Down Sell
TCS 2138 2286 2222 2180 2116 2074 2010 1905 Up Buy
TECHM 431 446 442 436 432 426 422 412 Down Sell
ULTRACEMCO 3375 3817 3716 3546 3445 3274 3173 2902 Down Sell
WIPRO 448 465 458 453 446 441 434 423 Up Buy
YESBANK 1156 1271 1245 1200 1174 1129 1103 1032 Down Sell
ZEEL 453 518 504 478 464 439 425 385 Down Sell

5. 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
16th November 2016
Kapil Shah
Research Associate
kapil.shah@choiceindia.com
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: 2016.11.16 08:54:14 +05'30'