#ChoiceBroking #EquityBazaar

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 8270 level
on back of SGX Nifty and other Asian counters which is trading on mild
positive note today.
The Indian benchmark -- Nifty wiped out all its early gains in last
hour of trade to end marginally lower on account of profit booking
at higher level. After getting a gap-up start market traded in narrow
band with a gain of over half a percent as sentiments remained
optimistic on report that India’s exports in June rose 1.27 per cent
to $22.57 billion, snapping 18-month downward spiral to supported
the market. Some support also came with Reliance Industries
reporting better-than-expected Q1 numbers. The company reported
18 per cent jump in June quarter net profit. Consolidated net profit
at Rs 7,113 crore was 18.1 per cent higher than Rs 6,024 crore in the
same period last fiscal. However, market turned entered into
negative terrain in last leg of trade as traders opted to book profit at
higher level keeping a close watch on the monsoon session of
Parliament which started today amid hopes the government will be
able to pass the Goods and Services Tax Bill that is now stuck in the
Upper House. Some cautiousness crept in with the industry body
Assocham’s statement that government and the main opposition
party should get the long-stalled Constitutional Amendment Bill on
GST passed in the Rajya Sabha in first few days of the monsoon
session of Parliament.
Back home, selling pressure in heavyweights like HDFC, Bharti Airtel,
Reliance Industries, HUL and ICICI Bank too dampened sentiments.
Telecom stocks too ended lower after Idea Cellular and Bharti Airtel
slashed mobile internet rates to offer more value to customers.
Finally nifty settled with a cut of over one third of a percent and a
loss of 32.70 points.
9th Jan 2017
SENSEX 26,878 -0.44%
NIFTY 8,243 -0.36%
SGX Nifty* 8,269 0.01%
Global Indices
Dow Jones 19,842 -0.21%
Nasdaq 5,521 0.60%
FTSE 7,210 0.19%
DAX 1,159 1.21%
Straits Times 2,975 0.40%
Nikkei 225 19,454 -0.34%
Hang Seng 22,507 0.03%
Commodities
Gold 27,887 -0.22%
Silver 40,342 -0.26%
Natural Gas 224 2.54%
Crude Oil 384 0.78%
Currency
Dollar / Rupee 67.96 -0.21%
Euro / Rupee 71.75 -0.10%
Pound / Rupee 83.43 -0.30%
Volumes Rs.mn
Cash BSE 33,340 18.00
Cash NSE 183,430 -3.00
FII Activities Rs.Cr.
Purchase Sale Net
6372.46 5,665 707.62
MF Activities Rs.Cr.
Purchase Sale Net
10672.5 5,546 5126
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
9th Jan 2017
 After a decisive cross above previous 3 trading session high Nifty has traded on soft note as it has
gave up its earlier gained ground.
 Candlestick perspective Nifty has formed Dark cloud cover which is negative development but
confirmation required to reach before conclusion.
 Momentum oscillator has formed peak at 60 level which is considered as upper level of bearish zone
and multiple resistance was there.
 Going forward Nifty likely to have support at 8220 and sustainability below it can lead to further
weakness upto 8170 level.
 BankNifty has crossed its 21 day and 250 day long term moving average but was not able to surpass its
18300 level which is immediate resistance point for index.
 However in past 2 days index has outperformed broader index due to good show by private banking
space which took front seat to drive Nifty Bank.
 Momentum oscillator RSI has crossed its average line and moved above its previous resistance point
which is positive development.
 Going forward, sustainability above 18300 level can boost positive sentiment and it may rise to test
18500 to 18600 level.
21 DEMA 8146
100 DEMA 8307
250 DEMA 8228
Moving Averages
L1 L2 L3
R 10296 12318 16355
S 4237 200 -1822
L1 L2 L3
R 18194 18272 18381
S 18007 17898 17820
21 DEMA 18157
100 DEMA 18617
250 DEMA 18129
Moving Averages

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 1331 1375 1356 1343 1337 1324 1318 1299 Down Sell
ADANIPORTS 285 301 294 290 287 283 281 274 Down Sell
AMBUJACEM 212 220 217 214 213 211 210 206 Down Sell
ASIANPAINT 931 962 944 937 926 919 908 890 Up Buy
AUROPHARMA 690 748 721 705 694 678 667 640 Down Sell
AXISBANK 454 472 465 459 457 452 449 441 Down Sell
BAJAJ-AUTO 2710 2802 2759 2734 2716 2691 2672 2629 Down Sell
BANKBARODA 154 160 157 155 153 152 150 146 Up Buy
BHARTIARTL 320 346 334 327 323 316 311 299 Down Sell
BHEL 127 132 129 128 127 126 125 122 Down Sell
BOSCHLTD 21064 23711 22477 21770 21243 20536 20009 18775 Down Sell
BPCL 664 708 688 676 669 657 649 630 Down Sell
CIPLA 582 611 597 590 583 576 570 556 Down Sell
COALINDIA 306 318 313 309 307 303 301 296 Down Sell
DRREDDY 3168 3289 3231 3199 3173 3141 3114 3056 Down Sell
EICHERMOT 22832 23681 23179 23006 22678 22504 22176 21675 Up Buy
GAIL 443 464 455 449 445 439 435 425 Down Sell
GRASIM 855 885 871 863 857 849 843 829 Down Sell
HCLTECH 814 887 854 834 820 800 787 753 Down Sell
HDFC 1223 1251 1238 1230 1225 1217 1211 1198 Down Sell
HDFCBANK 1195 1214 1204 1199 1194 1189 1184 1173 Up Buy
HEROMOTOCO 3065 3213 3146 3105 3079 3038 3012 2945 Down Sell
HINDALCO 161 169 165 163 162 159 158 154 Down Sell
HINDUNILVR 837 934 891 864 848 821 805 762 Down Sell
ICICIBANK 258 267 263 261 259 256 255 251 Down Sell
IDEA 73 78 76 74 73 72 71 69 Down Sell
INDUSINDBK 1143 1192 1167 1155 1143 1131 1118 1093 Up Buy
INFRATEL 354 367 361 357 354 351 348 342 Up Buy
INFY 977 1043 1012 995 981 964 951 920 Down Sell
ITC 243 258 251 247 245 240 238 231 Down Sell
KOTAKBANK 715 759 734 724 709 699 684 659 Up Buy
LT 1390 1426 1410 1400 1394 1384 1378 1362 Down Sell
LUPIN 1513 1559 1537 1525 1516 1503 1494 1472 Down Sell
M&M 1224 1270 1249 1236 1227 1214 1205 1183 Down Sell
MARUTI 5637 5751 5691 5664 5630 5604 5570 5510 Up Buy
NTPC 164 170 167 165 165 163 162 159 Down Sell
ONGC 203 217 210 206 203 199 196 189 Down Sell
POWERGRID 189 199 195 192 190 187 185 181 Down Sell
RELIANCE 1074 1101 1089 1082 1077 1070 1065 1054 Down Sell
SBIN 246 254 250 248 247 245 243 240 Down Sell
SUNPHARMA 641 664 654 647 643 637 633 623 Down Sell
TATAMOTORS 499 524 513 506 501 494 489 478 Down Sell
TATAMTRDVR 320 336 329 324 321 316 313 305 Down Sell
TATAPOWER 77 79 78 78 77 77 76 75 Up Buy
TATASTEEL 420 440 430 425 420 415 411 401 Down Sell
TCS 2284 2435 2362 2323 2290 2251 2218 2146 Down Sell
TECHM 469 518 496 482 474 461 453 431 Down Sell
ULTRACEMCO 3319 3508 3425 3372 3342 3289 3259 3176 Down Sell
WIPRO 470 495 484 477 473 466 462 451 Down Sell
YESBANK 1250 1313 1276 1263 1239 1226 1202 1165 Up Buy
ZEEL 462 492 479 471 466 458 453 441 Down Sell
9th Jan 2017

4. Equity Bazaar
SEBI Registered– Research Analyst Equities I Commodities I Currencies I Mutual Funds
Contact Us
www.choicebroking.in
Kkunal Parar
Sr. Research Associate
kkunal.parar@choiceindia.com
Vikas Chaudhari
Research Associate
vikas.chaudhari@choiceindia.com
www.choicebroking.incustomercare@choiceindia.com
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Amit Pathania
Research Associate
amit.pathania@choiceindia.com
9th Jan 2017
Kapil Shah
Research Associate
kapil.shah@choiceindia.com
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: 2017.01.09 09:34:02 +05'30'