The document provides an analysis of the Indian stock market. It states that the Nifty may see a gap down opening due to declines in other Asian markets. It notes that the Nifty has declined for three consecutive sessions as sentiments have remained subdued following signals from the US Fed of more rate hikes. The analysis provides support and resistance levels for the Nifty and Bank Nifty, and recommends stocks to buy or sell. Technical indicators suggest a bearish bias in the near term for both indices.

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 8114 level on back
of SGX Nifty and other Asian counters which is trading on mixed note today.
Indian benchmark index--Nifty-- declined for third consecutive session on
Friday, as sentiments remained subdued after the US Federal Reserve
signalled more rate hikes than expected next year. Investors turned jittery on
the report that India's trade deficit widened to $13 billion in November, the
highest since July 2015 and sharply wider than the $10.41 billion gap in
October, as imports, including purchases of gold, outpaced exports of goods.
Though, for the third consecutive month, exports recorded a positive growth
of 2.29 per cent year-on-year to $20 billion, but imports grew at a faster pace
of 10.4 percent to $33.02 billion. Meanwhile, Indian market looks more
vulnerable than other emerging markets due to the ongoing demonetisation
drive and its impact on corporate performances. According to industry body
CII, India’s economic growth will see a ‘significant fall’ in the second half of
the current fiscal on account of cash crunch following demonetisation.
However, losses remained capped with the report that more than 1,700 new
foreign portfolio investors (FPIs) have registered with capital markets
watchdog SEBI in the first seven months of the current fiscal, a sign of their
willingness to be a part of India’s growth story in the long term. FPIs consider
India as a preferred and stable market, given its macro-economic stability,
long-term growth prospects and ongoing economic and social reforms. On the
global front, Asian markets ended mostly higher on Friday as investors
adjusted their portfolios before year-end to face the prospect of a faster-
than-expected pace of U.S. rate hikes next year. Japanese shares rose after
scaling a one-year peak on the export prospects from a weaker yen, while
China’s central bank has pumped 600 billion yuan into the financial system
over the past two days, stabilizing the bond and stock markets.
The top gainers in Nifty index were TATAMOTORS, ZEEL, BOSCHLTD, INFY,
INFRATEL. While on the other hand, top losers were HINDALCO,
ULTRACEMCO, BHARTIARTL, ONGC, BHEL.
19th December 2016
SENSEX 26,490 -0.11%
NIFTY 8,139 -0.17%
SGX Nifty* 8,122 -0.31%
Global Indices
Dow Jones 19,843 -0.04%
Nasdaq 5,437 -0.36%
FTSE 7,012 0.18%
DAX 11,404 0.33%
Straits Times 2,923 -0.51%
Nikkei 225 19,361 -0.21%
Hang Seng 21,839 0.00%
Commodities
Gold 27,164 0.53%
Silver 39,694 1.01%
Natural Gas 230 -1.87%
Crude Oil 3,595 0.58%
Currency
Dollar / Rupee 67.76 -0.10%
Euro / Rupee 70.93 0.14%
Pound / Rupee 84.67 -0.11%
Volumes Rs.mn
Cash BSE 31,403 21.61
Cash NSE 181,339 5.99
FII Activities Rs.Cr.
Purchase Sale Net
4644.62 5,580 -935.76
MF Activities Rs.Cr.
Purchase Sale Net
7546.1 7,014 532.3
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
19th December 2016
L1 L2 L3
R 8170 8200 8221
S 8118 8097 8067
21 DEMA 8192
50 DEMA 8314
100 DEMA 8360
Moving Averages
L1 L2 L3
R 18405 18497 18565
S 18245 18176 18085
21 DEMA 18556
50 DEMA 18848
100 DEMA 18777
Moving Averages
 On daily chart, Nifty opened with gap up but couldn’t sustain and closed with negative not with loss of 14
point.
 Moreover nifty has formed small black body candle in daily chart whereas Interestingly, Nifty has formed
an Opening Black body Marubuzo on the daily as well as weekly charts. All candlestick pattern are occurs in
sideways consolidation which suggest minor bearish bias in near term.
 Besides that nifty has given bearish breakout of rising tread line but at same time from past two days it has
been taking support at 20 simple daily moving averages. Moreover on weekly chart it could not sustain above
50 simple daily moving averages and closed below it.
 The all majority of Oscillators are suggesting a bearish bias in the near term.
 Going forward Nifty may find support at 8080 where as resistance 8240
 On daily chart, Bank Nifty opened with gap up but couldn’t sustain and closed on negative not with loss of 0.48%.
 From past six day Bank Nifty has been finding resistance at 20 simple daily moving averages. Suggest short term
trend is bearish. Bank nifty has been trading in range 18100 to 18750 from almost 19 days. Breakout of any side
decides the further move.
 On weekly chart Bank Nifty has formed bearish harami candlestick pattern it is bearish reversal pattern occurs in
consolidation which suggest minor bearish bias in near term.
 The all majority of Oscillators are suggesting a bearish bias in the near term.
 Going forward Bank Nifty may find support at 18100 where as resistance 18500

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
19th December 2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1295 1350 1334 1315 1299 1279 1263 1228 Down Sell
ADANIPORTS 280 291 288 284 282 277 275 268 Down Sell
AMBUJACEM 202 207 205 204 202 200 198 195 Up Buy
ASIANPAINT 901 924 918 910 904 896 890 876 Down Sell
AUROPHARMA 690 740 720 705 685 670 649 614 Up Buy
AXISBANK 471 490 486 478 474 466 462 450 Down Sell
BAJAJ-AUTO 2656 2707 2694 2675 2662 2643 2630 2598 Down Sell
BANKBARODA 160 166 164 162 160 158 157 153 Down Sell
BHARTIARTL 310 328 324 317 313 306 301 290 Down Sell
BHEL 123 128 127 125 124 122 120 117 Down Sell
BOSCHLTD 20240 20762 20525 20383 20146 20004 19767 19388 Up Buy
BPCL 614 632 624 619 611 606 599 586 Up Buy
CIPLA 564 577 574 569 565 560 557 548 Down Sell
COALINDIA 288 297 295 291 289 286 284 278 Down Sell
DRREDDY 3107 3158 3145 3126 3114 3095 3082 3051 Down Sell
EICHERMOT 21678 22331 22129 21904 21702 21477 21275 20848 Down Sell
GAIL 415 435 429 422 416 409 404 391 Down Sell
GRASIM 816 851 844 830 822 809 801 780 Down Sell
HCLTECH 821 853 844 833 824 812 803 783 Down Sell
HDFC 1267 1292 1285 1276 1269 1260 1253 1237 Down Sell
HDFCBANK 1185 1203 1194 1189 1181 1176 1167 1154 Up Buy
HEROMOTOCO 3130 3242 3214 3172 3144 3102 3074 3004 Down Sell
HINDALCO 170 183 180 175 172 167 164 156 Down Sell
HINDUNILVR 820 840 834 827 820 814 807 794 Up Buy
ICICIBANK 256 264 262 259 257 254 252 247 Down Sell
IDEA 76 79 78 77 76 75 74 72 Up Buy
INDUSINDBK 1087 1123 1108 1098 1083 1073 1059 1034 Up Buy
INFRATEL 355 364 361 358 355 352 349 343 Up Buy
INFY 1004 1022 1016 1010 1004 998 992 980 Up Buy
ITC 227 234 233 230 228 225 223 218 Down Sell
KOTAKBANK 719 735 731 725 721 715 711 701 Down Sell
LT 1359 1377 1371 1365 1359 1353 1346 1334 Up Buy
LUPIN 1468 1506 1495 1482 1471 1458 1447 1423 Down Sell
M&M 1181 1212 1200 1191 1179 1170 1158 1137 Up Buy
MARUTI 5189 5269 5238 5214 5182 5158 5127 5071 Up Buy
NTPC 160 164 163 161 160 159 158 155 Down Sell
ONGC 202 213 211 206 203 199 196 189 Down Sell
POWERGRID 184 191 189 186 184 182 180 175 Up Buy
RELIANCE 1056 1071 1067 1061 1057 1051 1047 1037 Down Sell
SBIN 265 270 268 267 265 263 262 258 Up Buy
SUNPHARMA 648 674 663 655 645 637 626 608 Up Buy
TATAMOTORS 472 487 481 476 470 466 460 449 Up Buy
TATAMTRDVR 297 308 305 301 298 294 291 285 Down Sell
TATAPOWER 77 80 79 78 77 76 75 73 Down Sell
TATASTEEL 415 431 427 421 417 410 406 396 Down Sell
TCS 2285 2337 2314 2299 2276 2261 2238 2200 Up Buy
TECHM 475 487 484 480 477 473 470 463 Down Sell
ULTRACEMCO 3168 3368 3326 3247 3205 3126 3084 2964 Down Sell
WIPRO 463 479 475 469 464 458 454 444 Down Sell
YESBANK 1183 1220 1209 1196 1184 1171 1160 1135 Down Sell
ZEEL 445 459 453 449 443 439 433 423 Up Buy

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
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19th December 2016
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Date: 2016.12.19 08:58:52 +05'30'