#ChoiceBroking #EquityBazaar - Today, We may witness mild positive opening in Nifty around 8878 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 positive opening in Nifty around 8878 level on
back of SGX Nifty and other Asian counters which is trading on mixed note
today.
Buoyed by firm global cues, Indian benchmark -- Nifty -- ended the Thursday’s
session in green terrain with a gain of over a percent, recapturing its crucial
8,850 mark. After a gap-up opening, market traded jubilantly throughout the
session, as the US Federal Reserve kept rates unchanged. Traders also took
encouragement with the report that country’s Current Account Deficit (CAD)
narrowed to $0.3 billion, or 0.1 percent of GDP, in the first quarter of 2016-
17, significantly lower than $6.1 billion or 1.2 percent of GDP in Q1 of 2015-16
on account of lower trade gap. Beside, appreciation in Indian currency too
supported the sentiments. Market participants pared some of their profits at
higher levels with the RBI stating that India Inc's external commercial
borrowing (ECB) jumped by over four times to $3.17 billion in August this
year. Investors also took note of the report that regulator SEBI is considering
allowing some categories of Foreign Portfolio Investors (FPIs) to directly trade
in Indian markets, starting with debt segment. However, late short covering in
blue-chip stocks and supportive leads from European markets ensured that
local bourses do not shut shops way below the intraday highs. Finally, Nifty
ended the session with a gain of 90 point. On global front, European stock
markets were trading higher with mining and oil firms being amongst the
biggest gainers, getting a boost from a weaker dollar in the aftermath of the
Fed decision. Asian markets ended mostly higher on Thursday, boosted by the
US Federal Reserve’s decision to stick to the status quo, as well as rising
commodity prices.
The top gainers in Nifty index were AUROPHARMA, HINDALCO,
BANKBARODA, SBIN, INDUSINDBK. While on the other hand, top losers were
AXISBANK, TECHM, TCS, LUPIN, COALINDIA.
23rd September, 2016
SENSEX 28,773 0.92%
NIFTY 8,867 1.02%
SGX Nifty* 8,890 0.12%
Global Indices
Dow Jones 18,392 0.54%
Nasdaq 5,340 0.83%
FTSE 6,911 1.11%
DAX 10,674 2.23%
Straits Times 2,839 -0.25%
Nikkei 225 16,787 -0.12%
Hang Seng 23,750 -0.04%
Commodities
Gold 31,332 0.41%
Silver 47,568 0.84%
Natural Gas 201 -1.69%
Crude Oil 3,101 1.77%
Currency
Dollar / Rupee 66.66 -0.53%
Euro / Rupee 74.62 -0.05%
Pound / Rupee 86.99 -0.15%
Volumes Rs.mn
Cash BSE 33,116 -46.40
Cash NSE 218,234 16.67
FII Activities Rs.Cr.
Purchase Sale Net
5147.19 5,419 -271.66
MF Activities Rs.Cr.
Purchase Sale Net
13114.5 7,979 5135.4
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
23rd September, 2016
L1 L2 L3
R 8895 8922 8950
S 8839 8811 8784
21 DEMA 8764
50 DEMA 8636
100 DEMA 8423
Moving Averages
L1 L2 L3
R 20251 20392 20519
S 19983 19856 19715
21 DEMA 19770
50 DEMA 19247
100 DEMA 18498
Moving Averages
 Nifty has opened on gap up note due to global cues and unchanged policy rate from FOMC. It has
boosted sentiments across globe.
 Nifty has opened on gap up note but not able to sustain at higher level however in later part of day
mild recovery happened but not able to take out its morning high.
 Nifty has formed doji candle which raises indecisiveness at current level but considering other factor
Nifty is still floating on liquidity.
 Going forward, Positive bias can be maintained for Index and on higher side resistance can be around
8900 level and on downside support at 8840 level.
 Bank Nifty has also opened on positive note but not able to sustain at higher level. Mild push has been
observed but not able to recoup its morning strength.
 Bank Nifty nifty has come out from its 6 day tight consolidation phase which has spread positive
sentiment.
 Index is trading above its 21 day short term moving average and sailing above the slope of rising trend
line.
 Going forward, sustainability above 20100 can level will improve further sentiment upto 20350 level
and on downside support lies 20000

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The India VIX contraction by 9.90% and reached 13.34. The
Nifty was up by 90.30 points or 1.03% to settle at 8,867.45.
From the most active contracts, SBI September 2016 futures
traded at a premium of 0.45 points at 258.40 compared with
spot closing of 257.95. ICICI Bank September 2016 futures
traded at a premium of 0.85 points at 275.75 compared with
spot closing of 274.90. Axis Bank September 2016 futures
traded at a premium of 3.65 points at 594.15 compared with
spot closing of 590.50. Tata Motors September 2016 futures
traded at a premium of 1.15 points at 558.75 compared with
spot closing of 557.60. Tata Steel September 2016 futures
traded at a premium of 0.35 points at 377.75 compared with
spot closing of 377.40.
The Nifty PCR finally stood at 1.34 for September month
contract. The top five scrips with highest PCR on OI were
EICHERMOT (2.78), MRF (2.33), MARUTI (1.49), GODREJCP
(1.18) and GRASIM (1.13).
23rd September, 2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
AJANTPHARM 2050.10 4.31 17.59 Long BU
TVSMOTOR 349.30 4.60 14.04 Long BU
VOLTAS 381.05 0.32 12.21 Long BU
FEDERALBNK 73.5 3.09 11.05 Long BU
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
APOLLOHOSP 1341.95 2.28 -23.33 1351.39
JUBLFOOD 978.75 3.00 -13.74 991.89
PFC 123.25 1.73 -11.79 123.86
YESBANK 1246.75 2.09 -10.16 1257.41
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
DABUR 286.35 -1.46 10.83 289.23
JSWENERGY 79.15 -0.50 6.39 79.99
TECHM 456.30 -1.43 4.80 461.06
DRREDDY 3160.15 -0.19 4.41 3173.81
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
UBL 879.25 -1.53 -3.75 894.53
HEXAWARE 195.35 -0.71 -1.83 197.62
TATAELXSI 1553.85 -0.02 -1.45 1562.12
GODREJCP 1596.50 -1.06 -0.63 1620.85
ACC COVERED PUT

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
23rd September, 2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1667 1710 1690 1679 1659 1648 1628 1597 Up Buy
ADANIPORTS 276 284 281 278 275 273 269 263 Up Buy
AMBUJACEM 265 273 271 268 266 263 261 256 Down Sell
ASIANPAINT 1189 1221 1209 1199 1187 1177 1165 1143 Up Buy
AUROPHARMA 855 921 891 873 842 824 794 745 Up Buy
AXISBANK 590 627 619 605 597 583 575 553 Down Sell
BAJAJ-AUTO 2926 3017 2995 2960 2938 2904 2882 2826 Down Sell
BANKBARODA 170 174 172 171 169 168 165 162 Up Buy
BHARTIARTL 326 334 331 328 326 323 320 315 Up Buy
BHEL 147 150 149 148 147 146 145 142 Up Buy
BOSCHLTD 23343 23835 23730 23537 23432 23238 23133 22835 Down Sell
BPCL 598 614 607 603 596 591 584 572 Up Buy
CIPLA 609 619 615 612 608 605 601 594 Up Buy
COALINDIA 327 338 336 332 329 325 322 315 Down Sell
DRREDDY 3146 3200 3188 3167 3154 3133 3121 3088 Down Sell
EICHERMOT 24801 25596 25223 25012 24639 24428 24055 23471 Up Buy
GAIL 390 399 396 393 391 387 385 379 Down Sell
GRASIM 4932 5014 4977 4954 4917 4895 4858 4798 Up Buy
HCLTECH 793 817 808 801 792 785 776 760 Up Buy
HDFC 1415 1440 1430 1422 1412 1405 1395 1377 Up Buy
HDFCBANK 1305 1331 1324 1314 1308 1298 1291 1275 Down Sell
HEROMOTOCO 3528 3645 3611 3569 3535 3494 3460 3384 Down Sell
HINDALCO 155 161 158 157 154 153 150 147 Up Buy
HINDUNILVR 910 932 925 918 910 903 896 881 Down Sell
ICICIBANK 275 283 281 278 275 272 269 264 Down Sell
IDEA 83 86 86 84 84 82 82 80 Down Sell
INDUSINDBK 1216 1257 1241 1229 1213 1201 1185 1157 Up Buy
INFRATEL 375 401 395 385 378 368 361 345 Down Sell
INFY 1061 1073 1067 1064 1058 1055 1049 1040 Up Buy
ITC 255 260 259 257 255 254 252 248 Down Sell
KOTAKBANK 794 811 807 800 796 789 785 774 Down Sell
LT 1499 1536 1520 1509 1493 1482 1466 1439 Up Buy
LUPIN 1526 1597 1578 1552 1534 1508 1490 1445 Down Sell
M&M 1415 1437 1430 1422 1415 1408 1401 1387 Down Sell
MARUTI 5587 5695 5665 5626 5595 5557 5526 5457 Down Sell
NTPC 157 160 159 158 156 155 154 152 Up Buy
ONGC 258 264 262 260 259 257 256 253 Down Sell
POWERGRID 178 184 182 180 178 176 174 170 Down Sell
RELIANCE 1087 1112 1104 1096 1087 1079 1070 1054 Down Sell
SBIN 258 263 261 259 257 256 254 250 Up Buy
SUNPHARMA 787 795 792 789 786 784 781 775 Up Buy
TATAMOTORS 557 575 569 563 557 552 546 534 Up Buy
TATAMTRDVR 355 363 360 357 355 352 349 343 Down Sell
TATAPOWER 76 78 77 77 76 76 75 74 Down Sell
TATASTEEL 377 387 384 380 377 373 370 363 Up Buy
TCS 2380 2472 2450 2415 2393 2358 2336 2279 Down Sell
TECHM 455 476 471 463 458 450 445 432 Down Sell
ULTRACEMCO 3972 4049 4029 4000 3980 3952 3931 3882 Down Sell
WIPRO 482 491 488 485 482 479 477 471 Down Sell
YESBANK 1244 1286 1273 1258 1244 1230 1216 1188 Down Sell
ZEEL 525 543 539 532 528 521 516 505 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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23rd September, 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: 2016.09.23 09:08:55 +05'30'