#ChoiceBroking #EquityBazaar - Today, We may witness gap up opening in Nifty around 8553 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 gap up opening in Nifty around 8553 level on back of
SGX Nifty and other Asian counters which is trading on mixed note today.
Nifty ended the session in red on Monday. Profit booking which took place in
second half of session mainly dragged the market lower. Market made a
cautious start and traded in tight band near its neutral lines, as market
participants remained on sidelines after lower earning guidance from IT
majors i.e. TCS, Infosys and NIIT Technologies. Market started moving
southward in second half of the trade, as investors remained wary about a US
rate hike on horizon which made investors skittish, as a rate hike could affect
liquidity flow for emerging markets. Traders failed to get any sense of relief
with the Prime Minister Narendra Modi’s asserting that results of the reforms
undertaken by his government were visible and the country has transformed
into ‘one of the most open economies’ in the world with a strong growth rate.
Also, investors shrugged of the report that India’s export during September
2016 has shown sign of revival, registering a growth of 4.62 per cent in dollar
term to $22.88 billion as compared to $21.86 billion in September 2015.
Finally, Nifty ended the session with a cut of around three fourth of a percent,
breaching its crucial 8,550 mark. Weakness in Global equity markets too
dampened sentiments. European markets were trading in red, as investors
remained cautious ahead of earnings, key data and a European Central Bank
(ECB) meeting later this week. However, Asian markets ended mostly in
green, while the dollar held firm near seven-month high against a basket of
major currencies after comments from Federal Reserve Chair Janet Yellen
boosted long-dated US bond yields.
The top gainers in Nifty index were ICICIBANK, NTPC, HINDUNILVR, ONGC,
TCS. While on the other hand, top losers were ZEEL, IDEA, BOSCHLTD,
AMBUJACEM, M&M.
18th October, 2016
SENSEX 27,530 -0.52%
NIFTY 8,520 -0.74%
SGX Nifty* 8,564 0.38%
Global Indices
Dow Jones 18,086 -0.29%
Nasdaq 5,200 -0.28%
FTSE 6,948 -0.95%
DAX 10,504 -0.73%
Straits Times 2,818 0.03%
Nikkei 225 16,924 0.14%
Hang Seng 23,299 1.12%
Commodities
Gold 29,705 0.16%
Silver 41,871 0.12%
Natural Gas 216 -0.88%
Crude Oil 3,323 -0.48%
Currency
Dollar / Rupee 66.89 0.28%
Euro / Rupee 73.52 0.11%
Pound / Rupee 81.62 0.33%
Volumes Rs.mn
Cash BSE 38,843 13.46
Cash NSE 208,414 1.58
FII Activities Rs.Cr.
Purchase Sale Net
5784.34 7,337 -1552.81
MF Activities Rs.Cr.
Purchase Sale Net
7690.5 8,809 -1118.6
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
18th October, 2016
L1 L2 L3
R 8588 8657 8698
S 8479 8438 8370
21 DEMA 8686
50 DEMA 8654
100 DEMA 8491
Moving Averages
L1 L2 L3
R 19207 19344 19447
S 18968 18865 18729
21 DEMA 19436
50 DEMA 19306
100 DEMA 18740
Moving Averages
 Nifty has carried its momentum on lower side and it was 7th consecutive session where Nifty ended on
negative note.
 Nifty opened on positive note but index stayed there for moment and immediately bears came in play.
 Nifty has breached 8550 level which was acting as key support from past few months, it was key
negative development on chart.
 Going forward, as nifty breached below 8550 level it has triggered another round on selling. On
downside immediate support lies at 8480 level and resistance will be in the range of 8570 to 8590
level.
 Bank Nifty has ended on mild positive note, it was due to heavy weight stock specific momentum which
has supported index.
 After breaching upward sloping trend line Index has come below its horizontal line, its consecutive
negative development on chart.
 Negative DI is in dominant position and RSI is also making lower low and sustaining below its average
line.
 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 addition by 5.16% and reached 15.65. The Nifty
was down by 63 points or 0.73% to settle at 8,520.40.
From the most active contracts, SBI October 2016 futures
traded at a premium of 0.15 points at 253.15 compared with
spot closing of 253.00. ICICI Bank October 2016 futures
traded at a premium of 0.45 points at 258.70 compared with
spot closing of 259.15. Axis Bank October 2016 futures
traded at a premium of 1.00 points at 519.85 compared with
spot closing of 518.85. HDFC Bank October 2016 futures
traded at a premium of 1.20 points at 1240.25 compared
with spot closing of 1,239.05. Tata Steel October 2016
futures traded at a discount of 0.85 points at 410.85
compared with spot closing of 411.70.
The Nifty PCR finally stood at 0.81 for October month
contract. The top five scrips with highest PCR on OI were
OFSS (2.00), APOLLOHOSP (1.86), LT (1.26), MRF (1.20) and
CUMMINSIND (1.08).
18th October, 2016
BANKBARODA COVERED PUTLong Built Up
Symbol Close Price Chng % OI Chng % Buy Above
ARVIND 350.60 0.29 4.49 Long BU
GRANULES 121.80 1.29 2.71 Long BU
DHFL 307.55 2.07 2.20 Long BU
APOLLOHOSP 1349.6 1.19 1.39 Long BU
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
ICICIBANK 258.70 6.50 -20.83 263.90
SBIN 253.15 0.32 -5.61 254.89
BAJFINANCE 1081.65 1.30 -5.38 1093.89
ONGC 278.5 0.45 -4.65 280.22
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
ZEEL 505.10 -4.83 21.30 517.57
HAVELLS 424.45 -4.37 11.48 432.61
UNIONBANK 137.85 -2.82 10.49 140.37
HEROMOTOCO 3404.55 -2.53 10.38 3442.39
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
GAIL 428.50 -0.67 -9.63 433.33
MRF 49955.60 -4.89 -7.24 50986.98
KOTAKBANK 769.45 -1.67 -6.04 775.68
BEL 1267.40 -0.38 -5.53 1274.62

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
18th October, 2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1603 1679 1662 1632 1615 1586 1569 1522 Down Sell
ADANIPORTS 251 260 258 254 252 249 246 241 Down Sell
AMBUJACEM 245 260 257 251 248 242 239 231 Down Sell
ASIANPAINT 1185 1233 1221 1203 1191 1173 1161 1131 Down Sell
AUROPHARMA 809 848 839 824 815 800 791 767 Down Sell
AXISBANK 519 546 540 529 523 513 507 490 Down Sell
BAJAJ-AUTO 2745 2897 2866 2805 2774 2714 2683 2592 Down Sell
BANKBARODA 151 160 158 155 152 149 147 141 Down Sell
BHARTIARTL 302 316 311 306 301 297 292 282 Up Buy
BHEL 132 138 136 134 132 130 128 124 Up Buy
BOSCHLTD 22100 23453 23167 22633 22347 21813 21527 20707 Down Sell
BPCL 658 689 682 670 663 651 644 626 Down Sell
CIPLA 587 600 596 591 587 583 579 571 Down Sell
COALINDIA 311 322 319 315 312 308 306 299 Down Sell
DRREDDY 3029 3096 3076 3052 3032 3008 2988 2944 Down Sell
EICHERMOT 24645 26307 25943 25294 24929 24281 23916 22903 Down Sell
GAIL 428 449 443 435 430 422 417 404 Down Sell
GRASIM 970 1023 1011 990 979 958 946 914 Down Sell
HCLTECH 811 833 826 818 811 803 796 781 Up Buy
HDFC 1304 1345 1334 1319 1308 1293 1282 1256 Down Sell
HDFCBANK 1239 1293 1280 1259 1246 1226 1212 1179 Down Sell
HEROMOTOCO 3402 3564 3527 3465 3427 3365 3328 3228 Down Sell
HINDALCO 151 160 158 155 152 149 147 141 Down Sell
HINDUNILVR 849 866 858 854 846 842 834 822 Up Buy
ICICIBANK 259 279 269 264 255 250 241 226 Up Buy
IDEA 72 78 77 74 73 71 70 67 Down Sell
INDUSINDBK 1209 1241 1231 1220 1210 1199 1189 1168 Down Sell
INFRATEL 359 375 371 365 360 354 350 339 Down Sell
INFY 1025 1063 1053 1039 1028 1014 1004 979 Down Sell
ITC 241 245 244 242 240 239 237 234 Up Buy
KOTAKBANK 770 800 791 781 772 762 753 735 Down Sell
LT 1454 1510 1493 1474 1457 1438 1421 1385 Down Sell
LUPIN 1445 1499 1487 1466 1454 1433 1421 1388 Down Sell
M&M 1316 1401 1381 1348 1328 1296 1276 1223 Down Sell
MARUTI 5600 5799 5749 5674 5625 5550 5500 5376 Down Sell
NTPC 148 151 150 149 147 146 145 142 Up Buy
ONGC 279 285 283 281 278 276 274 269 Up Buy
POWERGRID 175 180 179 177 176 174 173 170 Down Sell
RELIANCE 1060 1097 1089 1075 1067 1053 1045 1023 Down Sell
SBIN 253 260 258 256 254 251 249 245 Down Sell
SUNPHARMA 732 758 753 742 737 727 722 706 Down Sell
TATAMOTORS 548 567 562 555 550 543 538 527 Down Sell
TATAMTRDVR 359 370 367 363 360 356 352 345 Down Sell
TATAPOWER 78 80 79 78 78 77 77 75 Down Sell
TATASTEEL 412 424 420 416 412 408 404 395 Down Sell
TCS 2375 2417 2396 2386 2365 2354 2334 2302 Up Buy
TECHM 407 432 427 417 411 401 396 380 Down Sell
ULTRACEMCO 4007 4178 4126 4067 4015 3955 3904 3792 Down Sell
WIPRO 472 479 477 475 473 471 469 465 Down Sell
YESBANK 1251 1289 1278 1265 1253 1240 1229 1204 Down Sell
ZEEL 498 554 543 520 509 487 475 441 Down Sell

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Contact Us
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Research Associate
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18th October, 2016
Kapil Shah
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: 2016.10.18 09:00:21 +05'30'