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1. SEBI Certified – Research Analyst www.choiceindia.com
Global View
India Update
Today’s Event/ Stock in News
State-owned oil & gas corporation, Indian Oil Corporation Ltd (IOCL) on Friday said that its board has accorded approval for the expansion of
Barauni Refinery and implementation of Olefin Recovery project along with expansion of exsiting Naptha Cracker unit, MEG revam and Benzene
Expansion unit modification. The company’s board has also accorded the in-principle approval for the implementation of Olefin Recovery project
along with expansion of exsiting Naptha Cracker unit, MEG revam and Benzene Expansion unit modification at Panipat at an estimated cost of Rs
1,527crore,itadded.
Technical Outlook: On daily chart, stock has given breakout of its symmetrical triangle pattern with above average volume, which indicates for
furtherupside movement. Moreover, stockhas taken supportofits21 daymoving average which isplacedat573.45 level whichshowsthattrend
is stillupandstock couldfurtheraccelerates its upsidemove. Amomentum indicatorRSI readingisat 57.05 level near to strongsupport of50 level
whichpointoutforpositivebreathinthestock.Sofortradingperspective,onecouldBuyinrangeof580-583 forTargetof595 withSLof574.
IOC
HCLTECH
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
03rd Oct 2016
Buy in range of 795-800 for Target of 816 with SL of 787
Buy in range of 580-583 for Target of 595 with SL of 574
HCL Technologies (HCL), a leading global IT services company, has said that it has been recognized for its leadership and integrated services value
proposition for the global capital markets by Everest Group. In the report titled “IT Outsourcing in Global Capital Markets – PEAK MatrixTM
Assessment2016”,HCLhasbeennamedamongtheLeaders,theprovidersthatdisplayleadershipindeliverycapabilitiesaswellasmarketsuccess.
The Everest Group report assessed the capabilities of 27 leading Applications Outsourcing service providers for their capabilities specific to the
globalcapitalmarketssector.TheseprovidersweremappedontheEverestGroupPerformance,Experience,Ability,Knowledge(PEAK)MatrixTM–
acompositeindexofarangeofdistinctmetricsrelatedtoeachprovider’scapabilityandmarketsuccess.
Technical Outlook: Ondaily chart, stockhas given close aboveits 100 day moving averagewhich is placed at794.55 levelwhich indicates
thatstockcouldpropelitsupsidemovementfromthepresentlevel.Moreover,stockhasbeentradingwithgoodsupportof785 levelsince
last many days, which shows for enough strength in the counter. A momentum indicator RSI reading is at 57.55 level with positive
crossover which point out for positive breath in the stock. So for trading perspective, one could Buy in range of 795-800 for Target of 816
withSLof787.
Asian shares began the new quarter cautiously firmer on Monday, while sterling took a spill as Britain set a March deadline to start divorce
proceedings from the EuropeanUnion. Justa hintofadealwas enough to nudge MSCI's broadest index of Asia-Pacific shares outside Japanup0.2
percent. The index climbed8.8 percent in the third quarter, itsbestperformance since early 2012. The Australian market added 0.6 percent, while
futuresNKc1pointedtoamodestopeninggainforJapan'sNikkei.TheIndianequitymarketisexpectedtoopenflattopositivetodaytrackingAsian
indices.SGXNiftyistradingat8660.50 Upby9.50points.
Wall Street rallied on Friday, lifted by a surge in Deutsche Bank shares and financial stocks after concerns eased about the health of the German
bank. The S&P financial sector gained 1.4 percent, its best day in about two months. Deutsche Bank's US-listed shares jumped 14 percent a day
after sinking to a record low. French news agency AFP reported that Deutsche Bank was nearing a USD 5.4 billion settlement with US officials over
charges related to selling toxic mortgage bonds. Germany's largest bankhas been engulfed bycrisisafter earlier this month receiving ademand for
up to USD 14 billion by the Department of Justice. US stocks had sold off sharply on Thursday, after Bloomberg reported that some hedge funds
had withdrawn excess cash and positions held at the German lender. The Dow Jones industrial average rose 164.7 points, or 0.91 percent, to
18,308.15, theS&P500gained17.14 points,or0.8percent,to2,168.27 andtheNasdaqCompositeadded42.85 points,or0.81percent,to5,312.

2. SEBI Certified – Research Analyst www.choiceindia.comSEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
03rd Oct 2016
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Bulk Deal
Security in Ban
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 30/09/2016 513023 NBVENTURES HC MAURITIUS LIMITED S 996075 127.00
2 30/09/2016 524540 SECHE SHRIRAMCREDIT COMPANY LIMITED S 870000 1.28
3 30/09/2016 524540 SECHE PAVITRA MALL MANAGEMENT COMPANY PRIV B 860000 1.28
4 30/09/2016 530191 CHROMATIC PURAN CHAND CHOUDHARY S 500051 3.11
5 30/09/2016 526735 EXCAST PAYAL MADIYAR B 241000 3.10
6 30/09/2016 526735 EXCAST VALLABHJI SURJI THACKER B 241000 3.10
7 30/09/2016 526735 EXCAST PAYAL JAYESHBHAI MADIYAR S 241000 3.10
7 30/09/2016 532610 DWARKESH IVORY CONSULTANTS PVT LTD B 220000 243.77
7 30/09/2016 532610 DWARKESH NOMURA SINGAPORE LIMITED S 200000 243.53
7 30/09/2016 538496 TARINI GUINESS SECURITIES LIMITED S 159000 6.82
Corporate Action / Result Calendar
Result Calendar:
CCL

3. SEBI Certified – Research Analyst www.choiceindia.com
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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.
SEBI Certified – Research Analyst www.choiceindia.com
Research Team
Mr. Sumeet Bagadia Associate Director
Kkunal Parar Sr. Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Kapil Shah Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Morning Tea
03rd Oct 2016
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Kunal Parmar
Digitally signed by Kunal Parmar
DN: cn=Kunal Parmar, o=Choice Equity
Broking Pvt Ltd., ou=Research Dept,
email=kunal.parmar@choiceindia.com, c=IN
Date: 2016.10.03 08:20:51 +05'30'