The document provides a market update from the US, Asian, and Indian equity markets. It discusses that US stocks rose on Tuesday as tech stocks rebounded and energy stocks increased with rising oil prices. Asian shares also rose on Wednesday rebounding from losses as Wall Street rallied. In India, the equity market is expected to open higher tracking gains in Asian indices. It also provides recommendations to buy two Indian stocks, CANBK and BHARATFORG based on technical analysis.

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Morning Tea
16th Nov 2016
 US Market:
US stocks rose on Tuesday, with the Dow registering its fourth consecutive record high close as tech stocks
rebounded from a post-election battering and energy stocks were boosted by a sharp rise in oil prices. The Dow
Jones industrial average extended its rally to seven days after it turned positive in late trading, while oil futures
continued their rise and investors kept piling into technology stocks. The technology sector was the S&P's biggest
gainer, closing up 1.3 percent in a partial rebound from its 3 percent decline since Donald Trump's shock victory
on Nov. 8. Investors set aside worries that the sector could be hurt by Trump's immigration and foreign trade
policies. The S&P's energy index was the next biggest driver, with a 2.7 percent rise, as U.S. crude oil jumped more
than 6 percent from multi-month lows on expectations that OPEC will agree later this month to cut production.
The Dow Jones industrial average rose 54.37 points, or 0.29 percent, to 18,923.06, the S&P 500 gained 16.19
points, or 0.75 percent, to 2,180.39 and the Nasdaq Composite added 57.23 points, or 1.1 percent, to 5,275.62.
 Asian Market:
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent in early trade on Wednesday, bouncing
back from a four-month low touched the previous day. Asian shares won the reprieve from a rally in Wall Street
shares as the sell-off in global bonds and sharp gains in the dollar paused for now. Japan's Nikkei rose 1.0 percent
to nine-month high thanks to the fall in the yen against the dollar. The Indian equity market is expected to open
gap Up today tracking Asian indices. SGX Nifty is trading at 8218 Up by 103 points.
 All interest rates to fall soon: Arundhati Bhattacharya
 Vodafone lowers value of India unit by 5 bn euros
 Demonetisation a very bold move: Chris Wood
 Rupee ends near 5-mth low vs dollar; tanks 49 paise
 Petrol price cut by Rs 1.46/litre, diesel by Rs 1.53/litre
 CANBK Buy in range of 315-317 for Target of 328 with SL of 308
On daily chart, stock has managed to close above its 50 day moving average which is placed at 308.45 level which
shows that near to medium term trend is up and stock could accelerate its upside movement from the present
level. Moreover, stock has strong support at 300 level from where it gave good upside movement in past as well. A
momentum indicator RSI reading is at 54.55 level with positive crossover which point out for positive breath in the
stock. So for trading perspective, one could Buy in range of 315-317 for Target of 328 with SL of 308.
 BHARATFORG Buy in range of 888-893 for Target of 913 with SL of 875
On daily chart, tock has formed bullish engulfing candlestick with above average volume which indicates for upside
movement in the counter. Moreover, stock has managed to close above its 21 day moving average which is placed
at 874.60 level with shows that near term trend is up. A momentum indicator RSI reading is at 53.70 level with
positive crossover which point out for positive breath in the stock. So for trading perspective, one could Buy in
range of 888-893 for Target of 913 with SL of 875.
Stock in News
Global Update

2. Oriental Carbon & Chemicals Limited; Interim Dividend Rs 3/- Per Share
Gujarat Pipavav Port Limited; Interim Dividend Rs 2/- Per Share
PI Industries Limited; Interim Dividend Rs 1.50 Per Share (Record Date Revised)
Marico Limited; Interim Dividend - Rs 1.50/- Per Share
Result Calendar:
LINEARIND, RAMCOIND & SCI
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
16th Nov 2016
Corporate Action / Result Calendar
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 15/11/2016 500425 AMBUJACEM HOLDERIND INVESTMENTS LIMITED B 39100000 240.52
2 15/11/2016 500410 ACC HOLDERIND INVESTMENTS LIMITED B 7870000 1536.53
3 15/11/2016 526622 MFLINDIA KRISHNA GARDENS PVT LTD S 2000000 0.33
4 15/11/2016 526622 MFLINDIA GURDEV SINGH B 1924000 0.33
5 15/11/2016 500410 ACC NOMURA INDIA INVESTMENT FUND MOTHER FUNDS 986171 1538.00
6 15/11/2016 512068 DECNGOLD VISU ASSOCIATES S 800000 45.28
7 15/11/2016 539873 BRONZE JITENDRA H GOHIL S 75000 40.05
7 15/11/2016 539873 BRONZE SHREE MALLIKARJUN TRAD INVEST PRIVATE LIMITEDS 72500 40.35
7 15/11/2016 540152 IGRL JHAVERI TRADING AND INVESTMENT PVT LTD B 68000 29.90
7 15/11/2016 540144 DRA ARUN KAPOOR B 60000 31.56
Security in Ban
Bulk Deal

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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
www.choicebroking.incustomercare@choiceindia.com
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
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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
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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
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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.
16th Nov 2016
Kkunal Parar
Digitally signed by Kkunal Parar
DN: cn=Kkunal Parar, o=Choice Equity Broking
Pvt Ltd., ou=Research Dept.,
email=kkunal.parar@choiceindia.com, c=IN
Date: 2016.11.16 08:38:36 +05'30'