The document provides an intraday analysis of the Nifty index and outlook for the day. It states that Nifty may open mildly positive, around 8935 supported by gains in Asian markets. It analyzes factors supporting the five day bullish trend in Nifty and mentions key levels to watch. The outlook suggests Nifty's undertone remains bullish with support at 8850 and resistance at 8950. It also provides an outlook for the Bank Nifty, noting it has opened positive and maintains an overall positive stance above 20500 support.

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 8935 level
on back of SGX Nifty and other Asian counters which is trading on
positive note today.
Nifty continued its bullish trend for fifth straight day on Wednesday
and closed the session in the positive zone. An exponential rise in
Reliance Industries (RIL) stocks, a day after Reliance Jio announced
its tariff plans, buoyed investors’ sentiments. However, caution
prevailed ahead of derivatives expiry which will take place on
Thursday as well as ahead of the release of minutes of the US Fed's
Federal Open Market Committee (FOMC). Some support come with
Union minister M Venkaiah Naidu’s statement that several views
have been presented on demonetization, it may have caused initial
discomfort or loss to public but will reap benefits in longer run. He
added that it is like a bitter pill for long term ill. Investors got some
relief as Prime Minister Narendra Modi urged the United States to
keep an open mind on admitting skilled Indian workers, in
comments that pushed back against Republican President Donald
Trump’s ‘America First’ rhetoric on jobs.
Traders were seen piling up positions in Banking, Realty and Auto
stocks, while selling was witnessed in IT, Media and Metal stocks.
The top gainers from the F&O segment were Reliance Industries,
Just Dial and Idea Cellular. On the other hand, the top losers were
Titan Company, Jaiprakash Associates and Page Industries.
23rd
Feb-17
SENSEX 28,864 0.36%
NIFTY 8,926 0.21%
SGX Nifty* 8,930 0.13%
Global Indices
Dow Jones 20,680 0.39%
Nasdaq 5,860 -0.09%
FTSE 7,302 0.37%
DAX 11,998 0.26%
Straits Times 3,120 -0.03%
Nikkei 225 19,312 -0.35%
Hang Seng 24,109 -0.38%
Commodities
Gold 29,208 -0.32%
Silver 42,713 -0.29%
Natural Gas 183 -0.22%
Crude Oil 3,601 -1.86%
Currency
Dollar / Rupee 66.97 0.07%
Euro / Rupee 70.63 0.04%
Pound / Rupee 83.26 -0.02%
Volumes Rs.mn
Cash BSE 35,756 18.48
Cash NSE 264,635 18.42
FII Activities Rs.Cr.
Purchase Sale Net
7472.61 9,385 -1912.3
MF Activities Rs.Cr.
Purchase Sale Net
8393.9 11,060 -2665.8
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
 Nifty has opened on positive note and mainly driven by bask of Reliance Industries as it has moved
higher from its 8 year range.
 In past 2 months Nifty has risen almost 1000 points and other strategic index like Nifty Mid cap and
Nifty 100 has formed life time high.
 Nifty has surpassed its all its immediate hurdle of 8900 level which is another positive development.
 Going forward, Nifty’s undertone is still on bullish side as there is no major sign of reversal.
Immediate support at 8850 and resistance lies at 8950 level.
 Nifty Bank has opened on positive note and moved up in staggered way. Banking stock has taken back
seat as they had lag in performance.
 From entire banking space public sector banks seems to be well in position as there had taken lead in
movement.
 Despite of lackluster move Nifty bank has sailing above its broken resistance point which is positive
development.
 Going forward still Nifty bank maintain its positive stance with higher side upto 21050 while on
downside stop loss need to be maintained at 20500.
21 DEMA 8728
100 DEMA 8466
250 DEMA 8318
Moving Averages
L1 L2 L3
R 8956 8985 9011
S 8901 8875 8846
L1 L2 L3
R 20843 20817 20805
S 20881 20893 20919
21 DEMA 20113
100 DEMA 19175
250 DEMA 18493
Moving Averages
23rd
Feb-17

3. 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 1444 1522 1488 1466 1455 1433 1421 1388 Down Sell
ADANIPORTS 300 319 310 305 301 296 292 283 Down Sell
AMBUJACEM 233 247 241 237 235 231 229 223 Down Sell
ASIANPAINT 1020 1077 1045 1033 1013 1001 981 950 Up Buy
AUROPHARMA 676 723 700 688 677 665 653 630 Down Sell
AXISBANK 524 561 540 532 520 512 500 480 Up Buy
BAJAJ-AUTO 2798 2857 2826 2812 2795 2781 2763 2732 Up Buy
BANKBARODA 168 175 172 170 168 166 165 162 Down Sell
BHARTIARTL 362 391 378 370 364 356 351 338 Down Sell
BHEL 154 163 159 157 155 153 151 147 Down Sell
BOSCHLTD 22056 23360 22685 22371 22011 21697 21337 20663 Up Buy
BPCL 714 741 726 720 712 706 697 683 Up Buy
CIPLA 587 603 596 592 589 585 582 575 Down Sell
COALINDIA 328 344 335 332 326 322 317 308 Up Buy
DRREDDY 2897 2972 2939 2918 2906 2885 2873 2841 Down Sell
EICHERMOT 25000 25619 25333 25166 25046 24880 24760 24474 Down Sell
GAIL 522 535 528 525 521 518 514 506 Up Buy
GRASIM 1045 1149 1100 1072 1050 1023 1001 952 Down Sell
HCLTECH 833 912 877 855 843 821 808 774 Down Sell
HDFC 1397 1448 1424 1410 1401 1387 1378 1355 Down Sell
HDFCBANK 1404 1454 1430 1417 1406 1393 1382 1358 Down Sell
HEROMOTOCO 3164 3282 3216 3190 3150 3124 3084 3018 Up Buy
HINDALCO 179 191 186 183 181 178 176 171 Down Sell
HINDUNILVR 867 897 880 873 863 856 846 829 Up Buy
ICICIBANK 286 298 292 289 285 282 278 271 Up Buy
IDEA 114 126 119 116 112 109 105 97 Up Buy
INDUSINDBK 1331 1366 1349 1340 1331 1322 1313 1295 Up Buy
INFRATEL 301 314 307 304 300 297 293 286 Up Buy
INFY 991 1055 1026 1009 997 980 969 940 Down Sell
ITC 264 273 269 266 264 262 259 255 Up Buy
KOTAKBANK 796 819 809 802 798 791 787 777 Down Sell
LT 1475 1511 1495 1485 1479 1469 1463 1447 Down Sell
LUPIN 1452 1518 1488 1470 1458 1440 1428 1399 Down Sell
M&M 1311 1334 1322 1317 1311 1305 1299 1287 Up Buy
MARUTI 6071 6228 6152 6111 6076 6035 6000 5923 Down Sell
NTPC 166 185 177 172 169 164 161 153 Down Sell
ONGC 196 203 200 198 196 194 193 190 Down Sell
POWERGRID 201 220 212 207 204 199 196 188 Down Sell
RELIANCE 1210 1410 1291 1250 1171 1131 1052 932 Up Buy
SBIN 272 282 277 274 272 269 267 262 Down Sell
SUNPHARMA 669 694 682 675 669 663 656 644 Up Buy
TATAMOTORS 460 483 472 466 461 455 450 439 Down Sell
TATAMTRDVR 284 296 290 287 284 281 277 271 Up Buy
TATAPOWER 84 89 87 85 84 83 82 80 Down Sell
TATASTEEL 484 507 496 490 485 479 475 464 Down Sell
TCS 2410 2566 2497 2453 2427 2383 2357 2287 Down Sell
TECHM 511 524 516 514 509 506 501 493 Up Buy
ULTRACEMCO 3774 3876 3827 3801 3778 3752 3729 3680 Down Sell
WIPRO 475 489 482 478 474 471 467 460 Up Buy
YESBANK 1445 1483 1466 1455 1448 1438 1431 1414 Down Sell
ZEEL 517 548 533 525 519 510 504 490 Down Sell
23rd
Feb-17

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
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23rd
Feb-17
Kapil Shah
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Date: 2017.02.23 09:17:53 +05'30'