Equity Bazaar. Indian Markets SENSEX 27, % NIFTY 8, % SGX Nifty* 8, %

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1 Today, We may witness gap down opening in Nifty around 8100 level on back of SGX Nifty and other Asian counters which is trading on positive note today. Bulls which woke up in last leg of trade mainly helped Nifty to end near 2016 closing high level on Thursday, as investors took to hefty across the board buying. After a cautious start, market gained momentum and started moving northward with traders taking encouragement with India Meteorological Department s (IMD) statement that the monsoon has delivered the season's heaviest showers in the past day. Total rainfall in the country was 25% above normal, the best since June 1, IMD expects rainfall in the next week to be much more than the past week across the country. Further, according to Skymet, Southwest Monsoon remains active over Northeast India and along the West Coast. Most parts of these regions have recorded heavy to very heavy Monsoon rainfall. Investors' took some encouragement with RBI Governor Raghuram Rajan stating that the central bank is watching the situation and will infuse whatever liquidity is needed to keep Indian markets well behaved. On the global front, Asian market ended mixed as investors remain edgy ahead of the UK vote. European markets soared on as firmer copper prices boosted mining stocks, with France's CAC was up by 2.28%, Germany's DAX was up by 2.22% and UK's FTSE 100 was up by 1.51%. The top gainers in Nifty index were TATAMOTORS, YESBANK,AMBUJACEM, BANKBARODA, DRREDDY.While on the other hand, top losers were INFRATEL, NTPC, CIPLA, EICHERMOT, TATAPOWER. Nifty Intraday Indian Markets SENSEX 27, % NIFTY 8, % SGX Nifty* 8, % Global Indices Dow Jones 18, % Nasdaq 4, % FTSE 6, % DAX 10, % Straits Times 2, % Nikkei , % Hang Seng 20, % Commodities Gold 29, % Silver 41, % Natural Gas % Crude Oil 3, % Currency Dollar / Rupee % Euro / Rupee % Pound / Rupee % Volumes Rs.mn Cash BSE 41, Cash NSE 140, FII Activities Rs.Cr. Purchase Sale Net , MF Activities Rs.Cr. Purchase Sale Net *Sources- Bloomberg, Moneycontrol, Zeebusiness, livemint

2 Nifty Outlook L1 L2 L3 R S Moving Averages 21 DEMA DEMA DEMA 7699 Nifty opened on mild negative note but recovered in later part of day, Nifty closed at around day high and closed near to upper band of consolidation phase. Nifty closed at 8270 level with gain of 66 points or 0.80%. From candlestick perspective Nifty has formed strong bull candle and index is moving up with rising trend line. Nifty continued to take support at 21 day short term moving average which valued around 8080 level, it was 4 rd consecutive event where bulls came into picture. Going forward, Broader range for Nifty seems to be in the range of 8100 to 8300 range. Nifty has downside support at 8060 to 8080 level and sustaining above 8300 will garner further buying interest. Bank Nifty Outlook L1 L2 L3 R S Moving Averages 21 DEMA DEMA DEMA Bank Nifty closed at with loss of 1.57%. Bank Nifty opened on mild note and thereafter moved higher without any meaningful setback. BankNifty formed strong bull candle, it had outperformed broader index and recouped its previous trading sessions laggard nature. Among Bank Nifty index all banking stock ended on positive note, majorly buying interest is garnered in front tier banking stock. Going forward, sustainability above level can lead to further positive momentum as it is acting major hurdle as of now. On downside support will be in range of to level.

3 Long Built Up Symbol Close Price Chng % OI Chng % Buy Above ALBK RCOM TATAMOTORS TATAMTRDVR Short Covering Symbol Close Price Chng % OI Chng % Buy Above HEXAWARE JINDALSTEL M&M KTKBANK Short Built Up Symbol Close Price Chng % OI Chng % Sell Below INFRATEL BATAINDIA PTC SUNTV Long Liquidation Symbol Close Price Chng % OI Chng % Sell Below MARICO JETAIRWAYS CAIRN UNITECH Derivative Front: The India VIX decreased by 0.90% and reached The Nifty was up by points or 0.81% to settle at 8, Nifty June 2016 futures closed at on Thursday at a premium of points. Nifty June futures saw addition of 0.32 million units, taking the total outstanding OI to million units. Among Nifty calls, 8300 SP from the June month expiry was the most active call with a contraction of 9.40 million open interests. Among Nifty puts, 8100 SP from the June month expiry was the most active put with an addition of 0.39 million open interests. The maximum OI outstanding for Calls was at 8400 SP 6.62 mn and that for Puts was at 8000 SP 8.48 mn. From the most active contracts, RIL June 2016 futures traded at a premium of 1.10 points at SBI June 2016 futures traded at a discount of 0.60 points at ICICI Bank June 2016 futures traded at a premium of 0.75 points at Axis Bank June 2016 futures traded at a premium of 3.20 points at Tata Motors June 2016 futures traded at a premium of 1.90 points at The Nifty PCR finally stood at 1.27 for June month contract. The Nifty PCR finally stood at 1.36 for June month contract. The top five scrips with highest PCR on OI were HINDALCO (1.45), INDUSINDBK (1.39), YESBANK (1.32), APOLLOHOSP (1.32) and CONCOR (1.21). Init. Date View Volatile Max. Profit is Unlimited, Max. Loss of Rs BUY / SELL Expiry Date - 30 th June-2016 Option QTY STRIKE PRICE SERIES TYPE Premium Buy June CE Buy June PE NIFTY LONG STRANGLE

4 Symbols CLOSE R3 R2 R1 P S1 S2 S3 Trend Action ACC Up Buy ADANIPORTS Down Sell AMBUJACEM Up Buy ASIANPAINT Down Sell AUROPHARMA Up Buy AXISBANK Up Buy BAJAJ-AUTO Up Buy BANKBARODA Up Buy BHARTIARTL Up Buy BHEL Up Buy BOSCHLTD Down Sell BPCL Up Buy CIPLA Down Sell COALINDIA Up Buy DRREDDY Up Buy EICHERMOT Down Sell GAIL Up Buy GRASIM Up Buy HCLTECH Up Buy HDFC Up Buy HDFCBANK Up Buy HEROMOTOCO Up Buy HINDALCO Up Buy HINDUNILVR Up Buy ICICIBANK Up Buy IDEA Down Sell INDUSINDBK Up Buy INFRATEL Down Sell INFY Up Buy ITC Up Buy KOTAKBANK Up Buy LT Up Buy LUPIN Up Buy M&M Up Buy MARUTI Up Buy NTPC Up Buy ONGC Up Buy POWERGRID Up Buy RELIANCE Up Buy SBIN Up Buy SUNPHARMA Up Buy TATAMOTORS Up Buy TATAMTRDVR Up Buy TATAPOWER Down Sell TATASTEEL Up Buy TCS Up Buy TECHM Down Sell ULTRACEMCO Up Buy WIPRO Up Buy YESBANK Up Buy ZEEL Down Sell

5 Kunal Parmar Kapil Shah Contact Us Vikas Chaudhari Amit Pathania Disclaimer This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by Choice Broking in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment. POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement Analyst interest of the stock /Instrument(s): - No. Firm interest of the stock / Instrument (s): - No.