#ChoiceBroking #EquityBazaar - Today, We may witness mild negative opening in Nifty around 8564 level on back of SGX Nifty and other Asian counters which is trading on mixed note today.

1. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Intraday
Today, We may witness mild negative opening in Nifty around 8564 level on
back of SGX Nifty and other Asian counters which is trading on mixed note
today.
Nifty ended the volatile day of trade slightly in green terrain. After a positive
start market traded cautiously, altering between positive and negative
territory but in a tight range, as selling pressure witness after Infosys shares
tumbled as much as 5.3 per cent to their lowest since July 20, 2015 after the
country’s second-largest IT services firm cut its fiscal-year revenue growth
target for a second time in three months on an uncertain business outlook. In
second half market gained momentum on hopes of further rate cuts by the
central bank after data showed that inflation based on consumer price index
dipped to 13-month low in September. Data released by the statistics office
showed consumer inflation at 4.31% in September compared with 5.05% in
August and 6.07% in July. Investors’ sentiment got further support with the
India’s Wholesale Price Index (WPI) in the month of September 2016 also
softened to 3.57 percent compared to 3.74 per cent in the previous month.
Some support also came with reports that the government may seek
parliamentary approval to spend about $7.5 billion more on roads, railways
and other public programs over the next five months. On the global front,
European stocks were trading higher, as better-than-expected inflation data
from China lifted market sentiment and as markets focused on upcoming US
economic reports, as well as a speech by Federal Reserve Chair Janet Yellen.
Asian markets ended mostly in green, with Shanghai bucking a positive trend
with prices data from China that gave hopes for renewed demand prospects
after disappointing trade data earlier this week.
The top gainers in Nifty index were GAIL, LT, TATAMTRDVR, TATAMOTORS,
RELIANCE. While on the other hand, top losers were ZEEL, INFRATEL, INFY,
HINDUNILVR, EICHERMOT.
17th October, 2016
SENSEX 27,674 0.11%
NIFTY 8,573 0.12%
SGX Nifty* 8,587 0.13%
Global Indices
Dow Jones 18,099 -0.25%
Nasdaq 5,213 -0.49%
FTSE 6,978 -0.66%
DAX 10,414 -1.05%
Straits Times 2,810 0.14%
Nikkei 225 16,780 0.03%
Hang Seng 23,125 0.40%
Commodities
Gold 29,709 0.20%
Silver 41,890 -0.38%
Natural Gas 224 4.11%
Crude Oil 3,365 0.42%
Currency
Dollar / Rupee 66.93 0.60%
Euro / Rupee 73.77 -0.05%
Pound / Rupee 81.76 -0.07%
Volumes Rs.mn
Cash BSE 39,453 57.68
Cash NSE 236,222 56.52
FII Activities Rs.Cr.
Purchase Sale Net
2950.71 2,792 158.68
MF Activities Rs.Cr.
Purchase Sale Net
7685.5 6,196 1489.6
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
17th October, 2016
L1 L2 L3
R 8609 8634 8663
S 8554 8525 8499
21 DEMA 8703
50 DEMA 8659
100 DEMA 8493
Moving Averages
L1 L2 L3
R 19074 19127 19201
S 18946 18873 18819
21 DEMA 19473
50 DEMA 19315
100 DEMA 18739
Moving Averages
 After a one day steep fall Nifty took breather and traded in sideways through the day.
 Nifty kept on changing its curvature in each hour as it was changing its momentum often. Nifty upside
move halted at 23.8% retracement level of immediate fall.
 Nifty has still sustain its support of 8550 level, however often retesting in less time diluting its
strength.
 Going forward, Nifty has halted around 8550 level which is potential support level below that Nifty will
have confirmation for further downside. On higher side resistance will be around 8620.
 Bank Nifty has breached major rising trend line, which is major development on chart.
 On daily chart index has started to form lower top which signifies step by step bulls are losing their
strength.
 Bank Nifty has breached major support of 19100 level, earlier Index has formed floor over there.
 Going forward, sustainability below 19100 level can lead to further negative development and
downside can be upto 18600 to 18700 level and on higher side resistance at 19250.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The India VIX contraction by 3.48% and reached 14.88. The
Nifty was up by 10.05 points or 0.12% to settle at 8,583.40.
From the most active contracts, SBI October 2016 futures
traded at a premium of 0.45 points at 252.35 compared with
spot closing of 251.90. ICICI Bank October 2016 futures
traded at a premium of 0.70 points at 242.90 compared with
spot closing of 242.20. Axis Bank October 2016 futures
traded at a premium of 1.40 points at 523.25 compared with
spot closing of 521.85. Tata Motors October 2016 futures
traded at a discount of 0.55 points at 556.45 compared with
spot closing of 557.00. Tata Steel October 2016 futures
traded at a premium of 0.80 points at 413.35 compared with
spot closing of 412.55.
The Nifty PCR finally stood at 0.93 for October month
contract. The top five scrips with highest PCR on OI were
OFSS (2.00), APOLLOHOSP (1.80), MRF (1.30), LT (1.27) and
MARUTI (1.02).
17th October, 2016
BANKBARODA COVERED PUTLong Built Up
Symbol Close Price Chng % OI Chng % Buy Above
PETRONET 402.45 5.78 15.61 410.89
IGL 852.60 0.37 12.25 859.95
DHFL 301.30 5.92 12.04 308.54
ULTRACEMCO 4056.35 1.67 9.80 4095.07
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
LT 1475.65 2.54 -9.34 1488.98
TCS 2369.85 2.13 -9.06 2405.15
AMARAJABAT 1045.20 0.87 -5.29 1050.53
ORIENTBANK 124.35 0.57 -3.67 125.52
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
ZEEL 530.75 -3.26 12.75 539.78
INFRATEL 365.40 -2.44 6.85 371.61
HDFC 1322.10 -1.63 6.01 1332.55
DISHTV 93.45 -0.27 5.30 94.42
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
CEATLTD 1379.45 -0.99 -7.03 1390.18
INDUSINDBK 1220.50 -0.09 -5.51 1228.18
MARUTI 5699.55 -0.62 -5.45 5739.64
TV18BRDCST 43.85 -6.50 -5.03 46.01

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
17th October, 2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1637 1670 1660 1649 1639 1628 1619 1598 Down Sell
ADANIPORTS 254 262 259 257 254 252 249 244 Up Buy
AMBUJACEM 253 258 256 255 253 252 250 247 Down Sell
ASIANPAINT 1205 1234 1227 1216 1209 1198 1191 1174 Down Sell
AUROPHARMA 824 848 839 831 822 815 806 789 Up Buy
AXISBANK 522 534 529 526 521 517 513 505 Up Buy
BAJAJ-AUTO 2804 2894 2872 2838 2815 2781 2759 2702 Down Sell
BANKBARODA 154 158 157 156 154 153 151 149 Down Sell
BHARTIARTL 306 314 311 309 306 303 300 295 Up Buy
BHEL 133 136 135 134 133 132 131 129 Up Buy
BOSCHLTD 22755 23314 23160 22958 22804 22601 22447 22091 Down Sell
BPCL 668 687 680 674 666 661 653 640 Up Buy
CIPLA 587 597 594 590 587 583 580 573 Up Buy
COALINDIA 313 323 320 317 315 311 309 303 Down Sell
DRREDDY 3032 3097 3080 3056 3039 3015 2998 2956 Down Sell
EICHERMOT 25354 26445 26217 25786 25558 25127 24899 24240 Down Sell
GAIL 430 457 445 437 425 418 406 386 Up Buy
GRASIM 999 1023 1012 1005 994 988 977 960 Up Buy
HCLTECH 814 847 835 824 812 802 789 767 Up Buy
HDFC 1318 1365 1353 1336 1324 1307 1295 1266 Down Sell
HDFCBANK 1265 1284 1276 1270 1262 1256 1248 1234 Up Buy
HEROMOTOCO 3475 3549 3533 3504 3488 3459 3443 3398 Down Sell
HINDALCO 155 159 158 156 155 153 152 148 Down Sell
HINDUNILVR 844 873 864 854 846 836 827 808 Down Sell
ICICIBANK 242 247 245 244 242 240 238 235 Up Buy
IDEA 75 79 78 76 75 74 73 71 Down Sell
INDUSINDBK 1219 1251 1239 1229 1217 1207 1195 1173 Up Buy
INFRATEL 365 392 386 375 369 359 353 336 Down Sell
INFY 1025 1160 1121 1073 1035 987 948 862 Down Sell
ITC 240 244 242 241 240 239 237 235 Up Buy
KOTAKBANK 781 800 792 787 779 773 765 752 Up Buy
LT 1474 1527 1502 1488 1463 1450 1425 1386 Up Buy
LUPIN 1463 1525 1507 1485 1468 1445 1428 1388 Down Sell
M&M 1359 1397 1387 1373 1363 1349 1339 1315 Down Sell
MARUTI 5690 5846 5807 5748 5709 5650 5611 5513 Down Sell
NTPC 145 148 147 146 145 144 143 141 Up Buy
ONGC 277 288 283 280 276 273 269 261 Up Buy
POWERGRID 178 186 182 180 176 174 170 164 Up Buy
RELIANCE 1079 1107 1094 1087 1074 1066 1054 1033 Up Buy
SBIN 252 258 256 254 252 249 247 243 Up Buy
SUNPHARMA 744 758 752 748 743 739 733 724 Up Buy
TATAMOTORS 557 574 566 561 553 549 541 528 Up Buy
TATAMTRDVR 362 374 368 365 360 356 351 342 Up Buy
TATAPOWER 78 80 79 79 78 78 77 76 Up Buy
TATASTEEL 413 425 421 417 413 409 405 397 Down Sell
TCS 2366 2501 2444 2405 2348 2309 2252 2156 Up Buy
TECHM 419 438 434 426 422 415 410 399 Down Sell
ULTRACEMCO 4050 4170 4114 4082 4026 3994 3938 3850 Up Buy
WIPRO 475 486 484 479 477 473 470 463 Down Sell
YESBANK 1264 1297 1282 1273 1259 1249 1235 1211 Up Buy
ZEEL 527 569 560 543 534 518 508 483 Down Sell

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
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17th October, 2016
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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: 2016.10.17 09:01:35 +05'30'