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Global View
India Update
Today’s Event/ Stock in News
Tata Steel Ltd has invested more than Rs.25,000 crore in its greenfield steel project in Kalinganagar in Odisha and has plans for further expansion,
accordingtoT.V.Narendran,managingdirectorofTataSteelIndiaandSouthEastAsia.DespitefinancialtroublesatitsEuropeanoperations,Indian
operations have got all the funds that it has asked for from the Tata Steel board, Narendran said. Tata Steel conceived this plant in 2005-2006 but
work was delayed owing to land acquisition problems and could start only in 2010. The delay increased the project cost that now stands at
Rs.25,000 crore in the first phase. The first phase of the project of 3 million tonnes (mt) was commissioned in 2016. Once the two phases of this
projectarefullyoperational,TataSteel’scurrentcapacitywillincreasefrom10mtto16mt.
Technical Outlook : Ondailychart,stockhas givenbreakoutofits 348 level, alevel whichactedasstrong resistanceinpastfromwhere stockfell
upto 300 level, which indicates that further robust upside movement can be seen in next few trading session. Moreover, stock has been
continuously trading with its 50 day moving average which is placed at 317 level which shows that near term trend is up. A momentum indicator
RSI reading is at 65.95 level with positive crossover, which point out for positive breath in the stock. So for trading perspective, one could Buy in
rangeof355-357 forTargetof364 withSLof351.50
TATASTEEL
RELIANCE
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
14th July 2016
Buy in range of 1001-1008 for Target of 1030 with SL of 990
Buy in range of 355-357 for Target of 364 with SL of 351.50
RelianceIndustries(RIL)subsidiary-RelianceJioInfocomm(RJIL),hasissuedRs2,000croreof5yearNon-ConvertibleDebentures(NCDs),bearinga
couponof8.32%perannum,payableannually.Theissuehasbeenassignedaratingof‘AAA’byCRISILandICRA.Theproceedsoftheissuanceshall
be utilized by RJIL for rolling out a state-of-the-art digital services business in India. RJIL is the first issuer outside the financial services industry in
India, to raise funds digitally through the electronic book mechanism (EBP) route. This is also the largest debt issuance in the Indian market by any
issuer since the electronic bidding platform has been mandated by SEBI for private placement of debt, effective 1st July this year. The transaction
was fullysubscribed within minutes of opening and was eventuallyover-subscribed with a total booksize in excess of Rs 3,500 crore. Key investors
includetheprominentassetmanagementcompaniesandbanks.
Technical Outlook : On daily chart, stock has given positive breakout ofits horizontal trendline which isplaced at 995 level, which indicates that
further robust upside movement would be there in few trading sessions. Moreover, stock has been continuously trading with its 50 day moving
average which is placed at 990.40 level, which shows that near term trend is up and stock could further accelerates its upside movement. A
momentum indicator RSI reading is at 63.80 level with positive crossover, which point out for positive breath in the stock. So for trading
perspective,onecouldBuyinrangeof1001-1008 forTargetof1030 withSLof990.
US stocks ticked up on Wednesday, just enough for the S&P 500 and Dow industrials to set record highs, with investors expecting upbeat earnings
to keep the rally going. Following three days of strong gains on the back of economic data, focus has turned to Thursday's meeting at the Bank of
England, expected toturn toquantitative easingasit tries toshieldthe economyfrom thefalloutofBritain's votelastmonth toleave the European
Union.ContinuedsupportfrommonetarypoliciesacrossthedevelopedworldandstrongeconomicdataintheUnitedStateshavegiveninvestorsa
reason tobidgrowth-sensitivesectorsofthestockmarket.Thisturntocyclicalstockscouldhelptaketherallybeyondthecurrentrecord highs.The
Dow Jones industrialaverage rose 24.45 points, or 0.13 percent, to18,372.12; the S&P 500 ticked up 0.29 points,or 0.01 percent, to 2,152.43 and
theNasdaqCompositefell17.09points,or0.34percent,to5,005.73.
Asian markets appeared to have lost some of its momentum on Thursday, trading mixed at the open, after US stocks closed near the flat line but
still managed to make it further into record territory. In Japan, stocks had rebounded and the yen weakened against the dollar amid expectations
that a double-bazooka of fiscal and monetary easing was on the cards following Prime Minister Shinzo Abe's landslide victory in upper house
elections over the weekend. Australia's ASX 200 was up 0.23 percent, boostbya 0.42 percent increase in the heavily-weighted financialssubindex.
In Japan, the benchmark Nikkei 225 was up 0.31 percent, while the Topix was up 0.3 percent. Across the Korean Strait, the Kospi was down 0.19
percent.TheSGXNiftysuggestsaflatopeningforourmarketsasitistradingat8517.50, marginallyupby0.50points.

2. SEBI Certified – Research Analyst www.choiceindia.comSEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
14th July 2016
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Corporate Action:
Oriental Carbon & Chemicals Limited; Dividend - Rs 5.50/- Per Share
IFB Industries Limited; Annual General Meeting
Ganesh Housing Corporation Limited; Bonus 1:2
IDBI Bank Limited; Annual General Meeting (Book Closure Start Date Revised)
Atul Limited; Dividend - Rs 10/- Per Share
Bajaj Finance Limited; Dividend Rs 7/- Per Share
Blue Star Limited; Annual General Meeting
SIL Investments Limited; Dividend - Rs 1.25/- Per Share
Sutlej Textiles and Industries Limited; Dividend - Rs 13/- Per Share
Wendt (India) Limited; Annual General Meeting/ Dividend - Rs 15/- Per Share
Cera Sanitaryware Limited; Dividend - Rs 9/- Per Share
Coromandel International Limited; Annual General Meeting/ Dividend - Rs 4/ Per Share
Unichem Laboratories Limited; Annual General Meeting
IFB Agro Industries Limited; Annual General Meeting
Jyothy Laboratories Limited; Annual General Meeting And Dividend Re.1/- Per Share
Mastek Limited; Annual General Meeting
Seshasayee Paper and Boards Limited; Dividend - Rs 5/- Per Share
Shanthi Gears Limited; Annual General Meeting
Mahindra & Mahindra Fin; Annual General Meeting/ Dividend -Rs 4/- Per Share
Bajaj Auto Limited; Annual General Meeting/ Dividend - Rs 5/- Per Share
Bajaj Holdings & Investment Limited; Annual General Meeting/ Dividend - Rs 7.50/- Per Share
Saregama India Limited; Annual General Meeting/ Dividend - Re. 1.50/- Per Share
Canara Bank; Annual General Meeting
Hitachi Home and Life Solutions (India) Limited; Dividend - Rs 1.50/- Per Share
VIP Industries Limited; Annual General Meeting/Dividend Rs 1.40 Per Share
VA Tech Wabag Limited; Annual General Meeting/Dividend Rs 4/- Per Share
Bharat Financial Inclusion Limited; Annual General Meeting
Grindwell Norton Limited; Bonus 1:1
TIL Limited; Annual General Meeting (Book Closure Dates Revised)
Eveready Industries India Limited; Annual General Meeting/ Dividend - Re 1/- Per Share
Kotak Mahindra Bank Limited; Annual General Meeting/ Divdend - Re 0.50/- Per Share
Automotive Stampings and Assemblies Limited; Annual General Meeting
Menon Bearings Limited; Annual General Meeting
Capri Global Capital Limited; Annual General Meeting/Dividend -Rs 1.50/- Per Share
Asian Hotels (West) Limited; Dividend - Re 1/- Per Share
Excel Industries Limited; Dividend -Rs 4.50 Per Share
GIC Housing Finance Limited; Dividend -Rs 5/- Per Share
Sun Pharmaceuticals Industries Limited; Buy Back
Result Calendar:
ACCEL, ALPHA, CANFINHOME, CHOICEIN, CYIENT, ETIL, GUJFOIL, JAYBARMARU, MENONBE,
MUTHTFN, RCL, RTFL, SWITCHTE, TCS, VIMTALABS.
Corporate Action / Result Calendar

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Bulk Deal
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
14th July 2016
Security in Ban
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 13/07/2016 533344 PFS NEW HORIZON OPPORTUNITIES MASTER FUND B 31400000 40.40
2 13/07/2016 533344 PFS MACQUARIE BANK LIMITED S 31400000 40.40
3 13/07/2016 513375 CARBORUNIV NALANDA INDIA FUND LIMITED S 14953362 230.14
4 13/07/2016 513375 CARBORUNIV NALANDA INDIA EQUITY FUND LTD S 4018619 230.14
5 13/07/2016 513375 CARBORUNIV AADI FINANCIAL ADVISORS LLP B 2200000 230.25
6 13/07/2016 513375 CARBORUNIV AMRIT PETROLEUMS PRIVATE LIMITED B 2000000 230.25
7 13/07/2016 513375 CARBORUNIV NEMISH SHANTILAL SHAH HUF B 1500000 230.25
8 13/07/2016 533239 PRAKASHSTL JMP SECURITIES PVT LTD S 1417139 1.86
9 13/07/2016 533239 PRAKASHSTL JMP SECURITIES PVT LTD B 1197032 1.89
10 13/07/2016 531137 GEMSI NIMESH P GANATRA S 860000 0.32
IBREALSEST & JPASSOCIAT

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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
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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
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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
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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
Kunal Parmar Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Kapil Shah Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Morning Tea
14th July 2016
SEBI Registered – Research Analyst www.choiceindia.com * 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: 2016.07.14 08:32:18 +05'30'