Choicebroking: #Equitybazaar: Today, We may witness mild positive opening in Nifty around 7890 level on back of SGX Nifty and other Asian counters which is trading on positive note today.

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 7890
level on back of SGX Nifty and other Asian counters which is
trading on positive note today.
The Indian markets bounced back from the intraday low to post
gains of over half a percent in last session, supported by some
value buying at lower levels. Traders will also be getting some
encouragement with Finance Minister Arun Jaitley exuding
confidence in getting the GST Bill passed in the upcoming monsoon
session. Jaitley has said that he has spoken to the chief ministers of
all states, including those ruled by the UPA and the Congress, and
they are a “strong supporter” of the idea. However, there will be
some cautiousness too, with Finance Minister stating that India will
have to renegotiate the tax treaty with Singapore to extend the
capital gains tax provisions of the recently-concluded tax pact with
Mauritius. Meanwhile, there will be some buzz in the markets with
the Reserve Bank of India proposing to allow foreign portfolio
investors investing in unlisted corporate bonds following the
budget announcement earlier in February.
The gainers in Nifty index were YESBANK, INFRATEL,BOSCHLTD, ITC,
DRREDDY. While on the other hand, top losers were BANKBARODA,
SBIN, CIPLA, ADANIPORTS,IDEA.
17th May,2016
SENSEX 25,653 0.64%
NIFTY 7,860 0.57%
SGX Nifty* 7,909 0.38%
Global Indices
Dow Jones 17,710 0.99%
Nasdaq 4,775 1.21%
FTSE 6,151 0.21%
DAX 9,953 0.91%
Straits Times 2,754 0.65%
Nikkei 225 16,615 0.90%
Hang Seng 19,873 0.05%
Commodities
Gold 29,977 0.19%
Silver 40,987 0.03%
Natural Gas 136 -3.89%
Crude Oil 3,179 2.58%
Currency
Dollar / Rupee 66.80 0.06%
Euro / Rupee 75.58 -0.07%
Pound / Rupee 96.70 0.51%
Volumes Rs.mn
Cash BSE 22,604 -54.00
Cash NSE 153,946 -20.00
FII Activities Rs.Cr.
Purchase Sale Net
6309 4,552 1757
MF Activities Rs.Cr.
Purchase Sale Net
8166 4,906 3260
Indian Markets
*Sources- Bloomberg, Moneycontrol, Zeebusiness, livemint

2. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Outlook
BankNifty Outlook
21 DEMA 7852
50 DEMA 7681
100 DEMA 7576
Moving Averages
L1 L2 L3
R 7899 7937 8001
S 7797 7733 7695
L1 L2 L3
R 17137 16998 17217
S 16519 16300 16170
21 DEMA 16602
50 DEMA 15967
100 DEMA 15705
Moving Averages
 BankNifty closed at 16737 with gain of 0.12%. Since opening index was trading with negative bias. In late
hour there was recovery which is mainly leaded by private sector banks.
 As of now there is divergence in the composition on BankNifty counters. Private sector banks lead on
rotation basis but PSB continued to lag.
 Among BankNifty index 7 banking stock ended on negative note, some Private sector bank had
performed very well and formed 52 week high.
 Going forward, BankNifty likely to trade with negative bias till it sustain below 17000 level. On down side
immediate support will be 16350 level.
17th May,2016
 Nifty opened on mild negative note and thereafter continued to decline till mid noon but in later part
nifty witnessed sharp recovery due to participation by leading banking stock.
 Nifty closed at 7860 level with gain of 45 level or 0.59%. From past few trading session nifty continued to
exhibit volatility.
 Nifty is sustaining above 21 day short term moving average and 250 day long term moving average.
 Going forward, Nifty seems to be in the range of 7700 to 7900. Fresh upside momentum can be expected
above 7900 level only. On downside immediate support will be around 7730 level.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The VIX increased by 0.21% and reached 17.03. The 50-share
Nifty was up by 45.85 points or 0.59% to settle at
7,860.75.
The top gainers from the F&O segment were Kaveri Seed
Company, Indiabulls Real Estate and Ajanta Pharma. On the
other hand, the top losers were Bank of Baroda, Union Bank
of India and Indo Count Industries. In the index options
segment, maximum OI was being seen in the 7800-8500 calls
and 7000-7900 puts. In today's session, while the traders
preferred to exit 8000 put, heavy buildup was seen in the
7900 put. On the other hand, traders exited from 7800 Call,
while 7900 call witnessed considerable OI addition.
The Nifty PCR finally stood at 0.87 for May month contract.
The top five scrips with highest PCR on OI were Indusind Bank
(1.40), UCO Bank (1.18), Zee Entertainment (1.12), Indian
Overseas Bank (1.06) and Indiabulls Real Estate (1.04).
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
KSCL 436.10 5.97 17.53 450.33
VOLTAS 326.55 1.92 10.12 329.76
LUPIN 1609.90 0.63 9.44 1625.56
SUNTV 395.3 6.46 8.47 398.74
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
APOLLOTYRE 157.55 2.40 -10.85 159.50
APOLLOHOSP 1344.65 1.71 -6.64 1350.74
IGL 575.90 1.04 -6.08 580.43
KTKBANK 116.65 1.35 -5.27 117.99
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
BANKBARODA 142.60 -9.29 18.03 146.57
SYNDIBANK 63.05 -11.38 14.97 64.52
CASTROLIND 416.00 -2.18 8.86 420.78
HEXAWARE 212.35 -0.09 8.37 215.20
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
UCOBANK 34.25 -8.05 -9.98 34.88
17th May,2016

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1462 1494 1475 1468 1455 1449 1436 1417 Up Buy
ADANIPORTS 186 204 196 191 187 182 179 170 Down Sell
AMBUJACEM 217 225 221 219 217 215 213 209 Down Sell
ASIANPAINT 954 978 965 959 952 946 939 927 Up Buy
AUROPHARMA 786 822 806 796 789 779 773 756 Down Sell
AXISBANK 489 519 503 496 487 479 470 454 Up Buy
BAJAJ-AUTO 2519 2642 2571 2545 2500 2474 2429 2358 Up Buy
BANKBARODA 142 164 154 148 144 138 134 123 Down Sell
BHARTIARTL 355 378 365 360 351 347 338 325 Up Buy
BHEL 121 131 126 124 122 119 117 113 Down Sell
BOSCHLTD 21350 22678 21906 21628 21134 20856 20362 19590 Up Buy
BPCL 923 954 938 930 923 915 908 892 Down Sell
CIPLA 522 552 539 530 525 517 512 498 Down Sell
COALINDIA 283 291 286 285 282 280 278 274 Up Buy
DRREDDY 2991 3184 3083 3037 2982 2936 2881 2780 Up Buy
EICHERMOT 19035 19752 19392 19213 19032 18853 18672 18312 Up Buy
GAIL 377 400 388 383 377 371 366 354 Up Buy
GRASIM 4266 4360 4307 4287 4254 4234 4202 4149 Up Buy
HCLTECH 718 739 729 724 720 714 710 701 Down Sell
HDFC 1187 1240 1210 1198 1179 1168 1149 1118 Up Buy
HDFCBANK 1160 1220 1186 1173 1153 1140 1119 1086 Up Buy
HEROMOTOCO 2900 2976 2934 2917 2893 2876 2851 2810 Up Buy
HINDALCO 90 94 92 91 89 88 87 85 Up Buy
HINDUNILVR 846 900 869 857 837 826 806 774 Up Buy
ICICIBANK 224 243 233 229 223 219 213 203 Up Buy
IDEA 112 119 116 114 112 110 109 105 Down Sell
INDUSINDBK 1076 1127 1100 1088 1073 1061 1046 1019 Up Buy
INFRATEL 388 411 397 393 383 378 369 355 Up Buy
INFY 1213 1251 1232 1223 1214 1204 1195 1177 Down Sell
ITC 330 351 339 334 326 321 313 300 Up Buy
KOTAKBANK 717 747 730 723 713 706 696 679 Up Buy
LT 1284 1337 1310 1297 1283 1270 1256 1228 Up Buy
LUPIN 1608 1677 1637 1622 1597 1582 1557 1517 Up Buy
M&M 1316 1343 1328 1322 1314 1308 1299 1285 Up Buy
MARUTI 3890 3985 3930 3910 3875 3855 3820 3765 Up Buy
NTPC 140 145 143 141 140 139 138 136 Down Sell
ONGC 202 212 207 205 202 200 197 193 Down Sell
POWERGRID 145 150 147 146 145 143 142 139 Up Buy
RELIANCE 975 999 987 981 976 970 965 953 Down Sell
SBIN 177 199 189 183 179 173 169 159 Down Sell
SUNPHARMA 798 818 808 803 797 792 787 777 Up Buy
TATAMOTORS 391 408 400 395 392 388 384 377 Down Sell
TATAMTRDVR 275 291 283 279 276 271 268 260 Down Sell
TATAPOWER 70 73 72 71 70 69 69 67 Down Sell
TATASTEEL 327 340 332 329 324 322 317 309 Up Buy
TCS 2553 2631 2589 2571 2547 2529 2504 2462 Up Buy
TECHM 488 521 504 496 487 479 470 453 Up Buy
ULTRACEMCO 3168 3234 3199 3184 3164 3149 3129 3095 Up Buy
WIPRO 542 555 548 545 541 538 533 526 Up Buy
YESBANK 987 1057 1015 1001 973 959 931 889 Up Buy
17th May,2016

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
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17th May,2016
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Kapil Shah
Digitally signed by Kapil Shah
DN: cn=Kapil Shah, o=Choice Equity Broking Pvt Ttd.,
ou=Research Department,
email=kapil.shah@choiceindia.com, c=IN
Date: 2016.05.17 08:59:58 +05'30'