#Choicebroking #MorningTea: Now that the Fed appears ready to hike rates this summer..

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Global View
India Update
Today’s Event/ Stock in News
Country’s third-largest drugmaker Lupin Ltd on Thursday has reported a growth of 47.5 per cent, beating analysts’ estimates, in
its consolidated net profit after taxes (PAT) at Rs 807.08 crore for the January-March quarter of FY 16, buoyed by higher drug
sales in its largest market, the United States. “The consolidated PAT of the company stood at Rs 547.01 crore during the same
period a year ago,” said Lupin Ltd in a filing to the Bombay Stock Exchange on May 19, 2016. Further, the consolidated total
income of the drugmaker grew by 35.9 per cent to Rs 4,206.59 crore during Q4 2015-16, as compared to Rs 3,095.35 crore during
the same period last year.
Technical Outlook : On daily chart, stock has given breakout of 1635 level, a level which acted as strong resistance in past, which
shows that stock could move towards its upper level in next few trading sessions. Even stock has managed to close above its 50
day moving average which is placed at 1601 level, which shows that short to medium term trend has changed to up. A
momentum indicator RSI reading is at 60.76 level with positive crossover, which point out for positive breath in the stock. So for
trading perspective, one could Buy in the range of 1645-1655 for the Target of 1688 with the SL of 1628.
LUPIN
RAJSHREESUG
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
20th May 2016
Sell in the range of 47-48 for the Target of 45 with the SL of 49
Buy in the range of 1645-1655 for the Target of 1688 with the SL of 1628
The Centre today withdrew its scheme to provide a production subsidy of Rs 4.50 per quintal of cane crushed by mills as retail
prices of the sweetener have improved in the domestic market. To help cash-starved mills to clear cane arrears, the government
in December 2015 announced the sugar production subsidy to be paid directly to cane growers. "The production subsidy scheme
notified on December 2, 2015 has now been withdrawn by the government with immediate effect," said a notification issued by
the Food Ministry.
Technical Outlook : On daily chart, stock has formed double top formation which is a bearish reversal pattern and indicates for
weakness in the counter. Moreover, stock has been trading below its 21 day moving average which is placed at 49.49 level, which
shows that near to short term trend is down. A momentum indicator RSI reading is at 46.89 level with negative crossover, which
point out for negative breath in the stock. So for trading perspective, one could Sell in the range of 47-48 for the Target of 45
with the SL of 49.
Now that the Fed appears ready to hike rates this summer, markets are watching how the dollar responds. The greenback, still 3
percent lower on the year, has risen this week against most currencies after Fed officials said in their meeting minutes that they
could raise rates as early as June. New York Fed President William Dudley reaffirmed that view Thursday when he said the Fed
could hike rates in June or July if economic data improves as expected. On Friday, existing home sales are expected at 10 a.m.
EDT. "It's going to be what happens overnight with the currencies…The home sales data is important but I feel like after this
week, everyone's trying to get their head around what's going on with the Fed," Tom Simons, money market economist at
Jefferies, said.
The SGX Nifty, trading at 7801.00 up 20.50 points, indicates a tepid start for the Indian equity market. It has been a subdued
beginning in Asia. Weak global cues spooked Dalal Street. Sensex fell 300 points to close at low point of the day. The Nifty broke
its 200-day moving average and tumbled below the 7,800 mark. In the US markets, Wall Street closed lower on Thursday after
comments from New York Fed President William Dudley and the latest fed minutes mounted prospects of a rate hike in June. In
Europe, stocks finished lower as investors around the world digested the latest minutes from the US Federal Reserve. Metals
were also under pressure, sending basic resources stocks into negative territory.

2. SEBI Certified – Research Analyst www.choiceindia.com
Bulk Deal
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
20th 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 19/05/2016 500870 CASTROLIND CASTROL LIMITED U K S 28437269 365.32
2 19/05/2016 500870 CASTROLIND CASTROL LIMITED S 28437269 365.02
3 19/05/2016 500870 CASTROLIND CITIGROUP GLOBAL MARKETS MAURITIUS PRIV B 6300000 365.00
4 19/05/2016 500870 CASTROLIND GOVERNMENT OF SINGAPORE A/C GOVERNME B 3522648 365.00
5 19/05/2016 524642 SIKOZY KSHITI RISHIT MANIAR B 704110 0.65
6 19/05/2016 524642 SIKOZY KRIYASU FINVEST PRIVATE LIMITED S 704110 0.65
7 19/05/2016 532812 TFL VINOD MOHAN NAIR S 659670 7.10
8 19/05/2016 532812 TFL ARVIND KHATTAR B 659670 7.10
9 19/05/2016 513418 SMFIL SURESH SHASTRY S 634026 5.00
10 19/05/2016 526263 MOLDTEK AKG FINVEST LIMITED S 305000 46.74
Corporate Action:
Reliance Industrial Infrastructure Limited; Dividend Rs.3.50 Per Share
Result Calendar:
ABIRLANUVO, ALKYLAMINE, ALLCARGO, ALLSEC, ALNATRD, ALPHAGEO, AMFORG, ANDHRAPET,
ANSHUS, APUNKA, ARISINT, ARMANFIN, ASHOKA, ASHOKALC, BALRAMCHIN, BANKINDIA,
BENGALT,BOMBWIR, BRADYM, BRFL, BRITANNIA, CAPRIHANS, CEBBCO, CLNINDIA, COFFEEDAY,
COX&KINGS, DATASOFT, DBCORP, DECCANCE, ECLERX, ENNORE, FLEXITUFF, GABRIEL, GAYATRI,
GOKULAGRO, GOLDCORP, GONTER, GOPALA, GRPLTD, GUJBOROS, GVKPIL, HARITASEAT, HOCL,
HONDAPOWER, IDBI, INDRAMEDCO, INTLCOMBQ, ISHANCH, ITC, JAMNAAUTO, JBCHEPHARM,
JUSTDIAL, KANSAFB, KELENRG, KHANDSE, KOTHARIPRO, KTKBANK, MAHSHRE, MINDTECK,
MODRNSH, MUKANDENGG, MUNJALSHOW, MYSORPETRO, NEULANDLAB, NGLFINE, PASUPTAC,
PENIND, PIONRINV, PITTILAM, PRAJIND, PREMIER, PRISMINFO, QUINTEGRA, RAMCOCEM,
RAMCOIND, RAMCOSYS, RISHDIGA, RML, ,RNBDENIMS, ROLCOEN, SABOOBR, SANINFRA, SELAN,
SHALIWIR, SIYSIL, SKYSS, SMARTFIN, SML, SOLCT, STEELCO, STERTOOLS, SUMERUIND, SUNDRMFAST,
SURFI, TAINWALCHM, TARCF, TCIIND, THEBYKE, TIMKEN, TRINITYLEA, TRITONV, TTIENT,
UGARSUGAR, UNICHEMLAB, UPASAFN, VALIANT, VANICOM, VHL, WHBRADY, WHIRLPOOL,
ZWELCAST.
Corporate Action / Result Calendar
HDIL, IBREALST & JINDALSTEL

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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
20th 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: 2016.05.20 08:53:16 +05'30'