Choicebroking: #Morningtea: Wall Street sold off on Tuesday as investors boosted their bets on the Federal Reserve raising rates later this year, while Home Depot dragged on indexes following its quarterly report.

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Global View
India Update
Today’s Event/ Stock in News
Country's largest software exporter Tata Consultancy Services Ltd (TCS) on Wednesday said it has entered into 5-year partnership
with Lidingöloppet, the legendary Swedish cross-country race. “TCS has announced a five-year partnership with Lidingöloppet,
the legendary Swedish sports event, widely regarded as the world’s largest cross-country run,” The IT software giant said in a
filing to the Bombay Stock Exchange on May 18, 2016.
Technical Outlook : On daily chart, recently stock has given breakout of its resistance level of 2550 and has been successfully
trading above its since last four days, which indicates for good upside movement that can be seen in few trading sessions.
Moreover, stock has been continuously trading above its 21 day moving average which is placed at 2502 level, which shows that
near to medium term trend is up. A momentum indicator RSI reading is at 58.34 level with positive crossover, which point out for
positive breath in the stock. So for trading perspective, one could Buy in the range of 2540-2555 for the Target of 2610 with the
SL of 2515.
TCS
CORPBANK
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
19th May 2016
Sell in the range of 37.5-38.20 for the Target of 36 with the SL of 38.60
Buy in the range of 2540-2555 for the Target of 2610 with the SL of 2515
State-owned lender Corporation Bank on Wednesday has reported a net loss of Rs 510.97 crore for the fourth quarter ended
March 31, 2016. The bank had posted standalone net profit of Rs 45.07 crore in corresponding quarter of previous fiscal,
Corporation Bank said in a filing to BSE on May 18, 2016. Further, total income of the bank fell 3.1 per cent to Rs 5,218.62 crore in
Q4 FY16, from Rs 5,385.28 crore in Q4 FY15. During the quarter under review, the bank’s gross non-performing assets jumped to
9.98 per cent of total loans, compared with 4.81 per cent in the year-ago quarter.
Technical Outlook : On daily chart, stock has been facing strong resistance of its 100 day moving average which is placed at 38.55
level, which shows that near to medium term trend is up. Even on hourly chart, stock has strong resistance of 38.20 level, which
indicates for downside movement from the present level. A momentum indicator RSI reading is at 47.73 level with positive
crossover, however, it has strong resistance of its down ward falling trend line, which point out for negative breath in the stock.
So for trading perspective, one could Sell in the range of 37.50-38.20 for the Target of 36 with the SL of 38.60
Wall Street sold off on Tuesday as investors boosted their bets on the Federal Reserve raising rates later this year, while Home
Depot dragged on indexes following its quarterly report. US consumer prices recorded their biggest increase in more than three
years in April as gasoline and rents rose. The data pointed to a steady inflation build-up that could give the Fed ammunition to
raise interest rates later this year. Also on Tuesday, a Fed policymaker said he will push for an interest rate hike in June or July,
and two others still see up to three rate increases this year, leaving the door open to a change in monetary policy relatively soon.
Traders now see the probability of a rate hike after the Fed's November meeting at 58 percent, up from roughly 42 percent on
Monday.
The SGX Nifty, trading at 7833.50 down 43.50 points at the time of writing, indicates a cut in the early trade below its 7850 mark
on the back of declining Asian markets. The Indian equity market on Wednesday ended lower due to profit-booking and weak
global cues. The 30-share BSE Sensex slipped 69 points to close to 25704.61 and the 50-share NSE Nifty declined 20.60 points to
7870.15. In the US markets, Wall Street closed off session highs, with the Dow and S&P little changed after the Federal Reserve's
April meeting minutes. The meet's minutes said a June rate hike was likely if the US economic data continues to improve. In
Europe, indexes closed mostly higher as investors reacted to volatile oil markets. On the currency front, the US dollar hit its
highest level in more than three weeks after Federal Reserve meeting minutes were on the table.

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Bulk Deal
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
19th May 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 18/05/2016 524642 SIKOZY KRIYASU FINVEST PRIVATE LIMITED S 900000 0.65
2 18/05/2016 524642 SIKOZY KSHITI RISHIT MANIAR B 900000 0.65
3 18/05/2016 526586 WIMPLAST PAMPUBEN G RATHOD S 760581 1985.00
4 18/05/2016 524013 HINFLUR IDBI AC LONG TERMPORTFOLIO S 658700 5.14
5 18/05/2016 524013 HINFLUR DILIPKUMAR VISHINDAS LAKHI B 525991 5.14
6 18/05/2016 526586 WIMPLAST PANKAJ GHISULAL RATHOD B 342527 1985.00
7 18/05/2016 512257 SVARTCORP GAURAV MEHTA B 319354 3.10
8 18/05/2016 526263 MOLDTEK AKG FINVEST LIMITED B 315000 53.70
9 18/05/2016 526586 WIMPLAST PRADEEP G RATHOD B 291370 1985.00
10 18/05/2016 538715 DHABRIYA SANTOSH BHANSALI HUF B 150000 55.00
Corporate Action:
Result Calendar:
21STCENMGM, ACE, ACEMEN, ADIEXRE, ADITYASP, AGCNET, AJMERA, ALSTONE, ASTAR, BRIGHTBR,
CESC, CINERAD, CMIFPE, COCHINM, CYBERTECH, DEEPIND, DISHMAN, DRAGARWQ, ELIXIR, ENIL,
ESABINDIA, FCEL, GHCL, GLFL, GLXYENT, GOWRALE, GPPL, GREYCELLS, GSPL, HAWKINCOOK,
HINFLUR, ICRA, IGARASHI, INDIANCARD, INDIANHUME, INFINITE, IPOWER, IRB, JLMORI, JOSTS,
JOYREALTY, KJMCCORP, KJMCFIN, LUPIN, MAHAPOL, MANGIND, MANINFRA, MANPASAND, OXIDE,
PACIFICI, PIDILITIND, PPAP, PROZONINTU, RAMAPHO, RANEENGINE, RICOAUTO, RODIUM,
SEAMECLTD, SHIRPUR-G, SOBHA, SPICEJET, SPSL, TCFCFINQ, TECHNVISN, THAMBBI, TPROJECT,
TULIPSTA, VAIBHAVGBL, VEGETABLE, VINAYAKPOL, VINDHYATEL, WABCOINDIA, WINSOMEDJ,
WSFIN, ZFSTEERING.
Corporate Action / Result Calendar
IBREALST & JINDALSTEL

3. SEBI Certified – Research Analyst www.choiceindia.com
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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
19th May 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 Broking Pvt
Ttd., ou=Research Department,
email=kapil.shah@choiceindia.com, c=IN
Date: 2016.05.19 09:02:58 +05'30'