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1. SEBI Certified – Research Analyst www.choiceindia.com
Global View
India Update
Today’s Event/ Stock in News
MukeshAmbani-led Reliance Industries Ltd onFridayposted stellar numbers witha rise of18.1 per cent in its consolidated net profitafter taxes at
Rs 7,113 crore for the April-June quarter of FY17, as refining margin soared to eight-year high. “The consolidated net profit of the Indian
conglomerate stood at Rs 6,024 crore during the same period ayear ago,”Reliance Industries Ltd said ina filing to the Bombay StockExchange on
July 15, 2016. RIL earned USD 11.5 on turning every barrel of crude oil into fuel in the first quarter of 2016-17 as compared to USD 10.4 per barrel
grossrefiningmarginayearago.
Technical Outlook : On daily chart, stock has given positive breakout of its horizontal trend line which is placed at 994 level, which indicates for
robust upside movement. Moreover, stock has been trading in a higher top higher bottom formation since last three weeks, which shows that
stock could continue its upside movement along with its formation. A momentum indicator RSI reading is at 64.15 level with positive crossover,
which point out for positive breath in the stock. So for trading perspective, one could Buy in range of 1005-1012 for Target of 1035 with SL of
993.50.
RELIANCE
LICHSGFIN
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
18th July 2016
Buy in range of 522-525 for Target of 535.50 with SL of 516.70
Buy in range of 1005-1012 for Target of 1035 with SL of 993.50
Leading housing finance lender LIC Housing Finance Ltd on Friday reported an increase of 6.7 per cent in its standalone net profit after tax
(PAT)atRs407.84croreforthefirstquarterendedJune30,2016. Thestandalonenetprofitof thecompanystoodatRs382.13croreduring
the same period a year ago,” said LIC Housing Finance Ltd in a filing to the Bombay Stock Exchange on July 15, 2015. It’s standalone total
incometooincreasedby14percenttoRs3,379.86croreduringQ12016-17,fromRs2,965.46croreduringthesameperiodayearago.
TechnicalOutlook: Ondailychart,stockhasformedstrongbullcandlestickwithaboveaveragevolume,whichisindicatingforaccentuated
buying activity during last trading session. Moreover, stock has been trading with its strong support of 21 day moving average which is
placed at499.30 level, which shows that near term trend is up. A momentum indicator RSI readingis at 66.85 level with positive crossover,
whichpointoutforpositivebreathinthestock.Sofortradingperspective, onecould Buyin rangeof522-525forTargetof535.50withSL of
516.70.
Markets in Asia opened near flat on Monday, seeking direction ahead of a relatively data-light week in the region, while investors had a
mutedreaction totherisks surrounding afailedmilitary coupinTurkey.InAustralia, the benchmarkASX 200 wasup0.11 percent,boosted
by gains in the heavily-weighted financials sub-index. Major miners, however, fell behind, with Rio Tinto down 0.38 percent, Fortescue off
1.54 percent and BHP Billiton dropping 0.49 percent. South Korea's Kospi index was down 0.13 percent. In New Zealand, the NZX 50 was
flat at 7,079.52. Markets in Japan are closed for the Marine Day public holiday. A failed military coup in Turkey to oust President Recep
TayyipErdogan,whichplayedoutovertheweekend,senttheTurkishliratumblingagainstthedollarandtheeuro.
ThemarketmaybetrendinghigheronMondaybutthemainfocuswillbeParliamentmonsoonsessionthatbeginstodayandearnings.The
30-share BSE Sensex was down 105.61 points at 27836.50 and the 50-share NSE Nifty declined 23.60 points to 8541.40 on Friday. Citi,
which remains constructive on the market with a target of 28,800, expects an aggregate Sensex earnings growth of around 13 percent for
the current financial year. Earnings to be announced by big companies this week are Wipro, Cairn India, Ultratech Cement, HDFC Bank,
Kotak Mahindra Bank and Axis Bank. Meanwhile, India's trade gap has only been getting wider and wider, with the deficit in the month of
JuneatclosetoUSD8billionwhichisthehighestin2016.Itsthesharpriseinoilimportsthathasaddedtotheburden.

2. SEBI Certified – Research Analyst www.choiceindia.comSEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
18th July 2016
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Corporate Action:
Dr. Reddy's Laboratories Limited; Annual General Meeting/ Dividend - Rs 20/- Per Share
Visaka Industries Limited; Annual General Meeting/ Dividend -Rs 2/- Per Share
Century Textiles & Industries Limited; Annual General Meeting/ Dividend - Rs 5.50/- Per Share
Agro Tech Foods Limited; Annual General Meeting/ Dividend - Rs 2/- Per Share
Elecon Engineering Company Limited; Agm/Div-Rs 1.10/- Per Share
Indian Metals & Ferro Alloys Limited; Annual General Meeting
Indian Hume Pipe Company Limited; Annual General Meeting
Manugraph India Limited; Annual General Meeting/ Dividend - Re 1/- Per Share
PIL ITALICA LIFESTYLE LIMITED; Annual General Meeting
Shriram Transport Finance Company Limited; Annual General Meeting/Dividend -Rs 6/- Per Share
Smartlink Network Systems Limited; Annual General Meeting
Tata Motors Limited; Dividend - Re 0.20/- Per Share
Tata Motors Limited; Dividend - Re 0.30/- Per Share
V-Guard Industries Limited; Annual General Meeting/ Dividend - Rs 2.50/- Per Share
Alstom T&D India Limited; Annual General Meeting/Dividend - Rs 1.80/- Per Share
Result Calendar:
AREYDRG, AROGRANITE, BBL, DAL, EXIDEIND, GRUH, HINDUJAFO, HINDUNILVR, MINDTREE,
NALINLEA, ONWARDTEC, PADMAIND, RAJKOTINV, SPANDIAQ, TATAYODOGA, VERTEX & VIRTUALG
Corporate Action / Result Calendar
Bulk Deal
Security in Ban
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 15/07/2016 539118 VRLLOG RIVENDELL PE LLC S 4704912 312.52
2 15/07/2016 531524 ICSA GOLDMAN SACHS SINGAPORE PTE B 1474181 3.20
3 15/07/2016 531524 ICSA GOLDMAN SACHS (ASIA) FINANCE S 1474181 3.20
4 15/07/2016 539309 RAMASTEEL NARESH KUMAR BANSAL S 1200000 100.11
5 15/07/2016 539118 VRLLOG MAX LIFE INSURANCE CO LTD A/C GROWTH FU B 1050300 312.10
6 15/07/2016 526735 EXCAST VALLABHJI SURJI THACKER B 520001 5.66
7 15/07/2016 538520 SBL KAMLESH SANDUJA S 488937 2.49
8 15/07/2016 526735 EXCAST VALLABHJI SURJI THACKER S 310000 5.63
9 15/07/2016 539309 RAMASTEEL BHUVANESHWARI ARUN B 300000 100.00
10 15/07/2016 538520 SBL RAMKARAN HIRVEY B 278800 2.49
BANKINDIA, CANBK, IBREALSEST, JINDALSTEL & JPASSOCIAT

3. SEBI Certified – Research Analyst www.choiceindia.com
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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
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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
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
18th July 2016
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
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: 2016.07.18 08:33:50 +05'30'