The document provides a daily technical analysis and outlook for the Nifty 50 and Bank Nifty stock indices based on their closing prices and technical indicators. It notes that the Nifty closed higher and broke out of a rising wedge pattern, suggesting further upside potential with resistance at 8,700 and support at 8,580. It also comments on movements in individual stocks and sectors. Bank Nifty faced resistance at 19,100 but defended earlier lows, indicating underlying strength, though some private banks outperformed while PSU banks saw profit-taking.

1. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Nifty Intraday
Today, We may witness flat opening in Nifty around 8665 level on back of SGX
Nifty and other Asian counters which is trading on negative note today.
Nifty continued its northward journey for second straight session on Thursday
and finished the session with a gain of over a half percent, recapturing its
crucial 8,650 mark. After a positive start, market hold on to its gains and
traded in tight band. In the last hour of trade, market find momentum and
extended its gains to end near day’s high, with a gains of over 50 point, as
sentiment got some boost with the Union Cabinet approving changes in the
GST Constitutional Amendment Bill providing for full compensation to states
for first five years of roll out of the new indirect tax regime, taking it a step
closer to reality. Market participants got some comfort with NITI Aayog Vice
Chairman Arvind Panagariya’s statement that a good monsoon can help add
‘a percentage point’ to India's GDP growth in the current fiscal, from 7.6
percent in 2015-16. Some support also came in with the US Federal Reserve
has opted to keep interest rates at ultra-low level after the conclusion of a
two-day monetary policy meeting. On global front, shares in Japan dragged
Asian markets lower on Thursday, as investors reined in their expectations for
a stimulus package from the country’s government. European shares were
trading choppy in early deals, though managed to keep their head above
water. The top gainers from the F&O segment were India Cements, Asian
Paints and India bulls Real Estate. On the other hand, the top losers were
Sintex Industries, Jindal Steel & Power and JSW Steel. In the index options
segment, maximum OI was being seen in the 8600-9000 calls and 7500-8700
puts.
The top gainers in Nifty index were ASIANPAINT, INFRATEL, MARUTI,
EICHERMOT, BOSCHLTD. While on the other hand, top losers were
AUROPHARMA,IDEA, ADANIPORTS, TATASTEEL, LT.
29th July,2016
SENSEX 28,209 0.65%
NIFTY 8,666 0.58%
SGX Nifty* 8,694 -0.03%
Global Indices
Dow Jones 18,456 -0.09%
Nasdaq 5,155 0.29%
FTSE 6,721 -0.44%
DAX 10,275 -0.43%
Straits Times 2,886 -1.12%
Nikkei 225 16,411 -0.40%
Hang Seng 22,058 -0.53%
Commodities
Gold 31,031 0.15%
Silver 47,362 0.72%
Natural Gas 194 6.90%
Crude Oil 2,772 -2.13%
Currency
Dollar / Rupee 67.04 -0.15%
Euro / Rupee 74.31 0.15%
Pound / Rupee 88.44 0.27%
Volumes Rs.mn
Cash BSE 40,428 15.93
Cash NSE 299,207 24.16
FII Activities Rs.Cr.
Purchase Sale Net
6698.15 6,299 399.57
MF Activities Rs.Cr.
Purchase Sale Net
5082.3 7,785 -2703.1
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
29th July,2016
L1 L2 L3
R 8686 8705 8735
S 8636 8606 8587
21 DEMA 8475
50 DEMA 8264
100 DEMA 7988
Moving Averages
L1 L2 L3
R 19136 19195 19264
S 19008 18939 18880
21 DEMA 18544
50 DEMA 17924
100 DEMA 16997
Moving Averages
 After 2 day indecisive move Nifty took lead and kept its march ahead. Nifty opened on positive note and
there after moved higher and closed around day high.
 From candlestick perspective Nifty has formed strong bull candle. It moved higher of its previous 3 day
high.
 Nifty has breached its rising wedge pattern which was immediate hurdle and previous reversal area. It
can be considered as further positive sign.
 Going forward, Nifty seems to be in positive momentum as it has cleared its hurdle point with ease. On
higher side 8700 level can act as mild resistance point and on downside 8580 can act as support.
 As nifty forms high of the year, Bank Nifty lag to claim its high again. It shows mild lagging nature of
banking stocks. Bank Nifty has composition of 75% around private banks.
 Bank Nifty again faced selling pressure at 19100 level, however it has protected its earlier low. So it
indicate underlying strength.
 Among Bank Nifty index 5 out of 12 counter part of ended on positive side. Mild spurt has been
observed in some private banking stock like ICICI Bank and profit booking observed in PSU banks.
 Going forward, sustainability above 19100 level will lead to further upside, immediate support will be at
18700 level.

3. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Derivative Front:
The India VIX contraction by 1.81% and reached 15.14. The Nifty
was up by 50.50 points or 0.59% to settle at 8,666.30.
From the most active contracts, State Bank of India August 2016
futures traded at a premium of 0.10 points at 230.30 compared
with spot closing of 230.20. Punjab National Bank August 2016
futures traded at a premium of 0.50 points at 129.20 compared
with spot closing of 128.70. Sun Pharmaceuticals Industries of
August 2016 futures traded at a premium of 5.55 points at
829.80 compared with spot closing of 824.25. Reliance Industries
August 2016 futures traded at a premium of 6.95 points at
1030.95 compared with spot closing of 1,024.00. Maruti Suzuki
India August 2016 futures traded at a premium of 22.65 points at
4781.65.
The Nifty PCR finally stood at 0.86 for August month contract.
The top five scrips with highest PCR on OI were SRF (2.32), M&M
(2.11), APOLLOTYRE (1.64), PTC (1.58) and BAJFINANCE (1.51).
29th July,2016
Long Built Up
Symbol Close Price Chng % OI Chng % Buy Above
OFSS 3747.25 5.25 66.18 3826.57
PIDILITIND 757.70 3.50 59.31 767.27
CEATLTD 888.75 0.77 56.71 898.76
BEML 1011.65 1.80 56.08 1026.17
Short Covering
Symbol Close Price Chng % OI Chng % Buy Above
Short Built Up
Symbol Close Price Chng % OI Chng % Sell Below
ADANIENT 81.60 -1.81 50.89 83.17
TATAELXSI 1651.45 -1.06 50.84
PCJEWELLER 422.90 -2.49 45.13
OIL 372 -0.33 40.41
Long Liquidation
Symbol Close Price Chng % OI Chng % Sell Below
Init. Date – 27.07.16 View – Bullish
Max. Profit of Rs. 33030, Approx. Loss of Rs. 11970 at SL level of 1650
Expiry Date - 25th August 2016
Future
BUY /
SELL
QTY SERIES TYPE Market Price
BUY 300 AUGUST Fut 1728
Option
BUY/SELL QTY
STRIKE
PRICE
SERIES
OPTION
TYPE
Premium
SELL 300 1800 AUGUST CE 38.10
LUPIN COVERED CALL
-250.00
-200.00
-150.00
-100.00
-50.00
0.00
50.00
100.00
150.00
1500.00 1650.00 1800.00 1950.00

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
29th July,2016
Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action
ACC 1680 1619 1590 1595 1677 1663 1646 1614 Up Buy
ADANIPORTS 226 223 216 217 227 223 220 213 Down Sell
AMBUJACEM 273 263 259 260 271 268 263 256 Up Buy
ASIANPAINT 1125 1045 1025 1030 1116 1078 1030 944 Up Buy
AUROPHARMA 780 765 747 751 785 771 763 741 Down Sell
AXISBANK 546 577 569 570 546 538 530 515 Down Sell
BAJAJ-AUTO 2658 2763 2706 2755 2674 2637 2615 2557 Down Sell
BANKBARODA 154 167 158 159 155 153 152 149 Down Sell
BHARTIARTL 371 380 361 363 372 362 354 336 Down Sell
BHEL 149 145 139 140 149 148 146 142 Down Sell
BOSCHLTD 24910 24177 23800 24100 24570 24203 23496 22422 Up Buy
BPCL 583 563 552 554 584 574 566 548 Down Sell
CIPLA 520 517 505 507 522 517 513 504 Down Sell
COALINDIA 330 324 319 321 330 327 323 316 Up Buy
DRREDDY 2963 3610 3544 3561 2978 2938 2912 2846 Down Sell
EICHERMOT 21170 19999 19800 19907 20960 20670 20171 19382 Up Buy
GAIL 383 399 386 387 384 380 378 372 Down Sell
GRASIM 4855 4849 4772 4786 4865 4811 4767 4669 Down Sell
HCLTECH 747 725 715 724 751 742 738 725 Down Sell
HDFC 1407 1386 1338 1345 1397 1384 1361 1325 Up Buy
HDFCBANK 1251 1239 1223 1225 1246 1241 1230 1215 Up Buy
HEROMOTOCO 3192 3295 3240 3252 3192 3154 3115 3038 Up Buy
HINDALCO 135 141 136 137 134 133 131 127 Up Buy
HINDUNILVR 909 947 910 911 906 898 888 870 Up Buy
ICICIBANK 271 271 263 263 272 270 268 265 Down Sell
IDEA 105 113 103 105 106 103 102 98 Down Sell
INDUSINDBK 1171 1145 1127 1130 1176 1160 1148 1121 Down Sell
INFRATEL 400 359 351 357 398 383 365 332 Up Buy
INFY 1077 1085 1055 1081 1079 1072 1066 1054 Down Sell
ITC 254 250 248 249 253 250 245 238 Up Buy
KOTAKBANK 755 783 769 780 754 747 739 725 Up Buy
LT 1582 1604 1565 1575 1583 1560 1538 1493 Down Sell
LUPIN 1703 1690 1660 1665 1714 1686 1668 1622 Down Sell
M&M 1448 1482 1464 1468 1452 1442 1436 1419 Down Sell
MARUTI 4759 4564 4432 4456 4705 4625 4491 4278 Up Buy
NTPC 158 157 155 155 158 156 154 151 Down Sell
ONGC 221 229 217 218 222 220 218 213 Down Sell
POWERGRID 178 166 163 163 176 174 170 163 Up Buy
RELIANCE 1024 1039 1002 1003 1023 1015 1005 988 Up Buy
SBIN 230 234 228 229 232 228 226 220 Down Sell
SUNPHARMA 824 781 771 778 821 813 802 784 Up Buy
TATAMOTORS 509 505 490 491 506 501 493 480 Up Buy
TATAMTRDVR 330 322 313 313 328 325 320 312 Up Buy
TATAPOWER 71 72 70 71 71 70 70 69 Down Sell
TATASTEEL 350 379 364 365 353 346 342 332 Down Sell
TCS 2614 2469 2431 2431 2607 2584 2554 2502 Up Buy
TECHM 487 510 503 505 489 480 472 456 Down Sell
ULTRACEMCO 3670 3548 3483 3500 3676 3638 3606 3536 Down Sell
WIPRO 554 554 545 551 552 547 539 526 Up Buy
YESBANK 1226 1184 1170 1174 1219 1210 1194 1168 Up Buy
ZEEL 484 475 460 462 486 481 478 470 Down Sell

5. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
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29th July,2016
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Kapil Shah
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Date: 2016.07.29 08:58:35 +05'30'