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Global View
India Update
Today’s Event/ Stock in News
Domestic air passenger traffic rose 21.63 per cent in April to 86.69 lakh from 71.27 lakh registered during the corresponding
month of last year, official data showed on Monday. During April, the air passenger traffic had surged by 20.93 per cent to 79.32
lakh. Data furnished by aviation regulator Directorate General of Civil Aviation (DGCA) showed that the passenger traffic during
the January-May period grew by 22.87 percent. The IndiGo achieved the highest market share in the month under review at 38.5
percent followed by Jet Airways (16.1), Air India (15.6), SpiceJet (12.6), GoAir (8.1) and JetLite (2.9 percent).
Technical Outlook: On daily chart, stock has given breakout of its range bound move with above average volume, which indicates
for robust upside movement in the stock. Moreover, stock has formed strong bull candlestick which shows for accentuated
buying activity during last trading session. Besides, stock has been trading above its 21 day moving average which is placed at
1011.35 level, which shows that near term trend is up. A momentum indicator RSI reading is at 62.05 with positive crossover,
which point out for positive breath in the stock. So for trading perspective, one could Buy in the range of 1067-1072 for Target of
1095 with SL of 1056.
INDIGO
TCS
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
21st June 2016
Buy in the range of 2650-2660 for the Target of 2715 with SL of 2623
Buy in the range of 1067-1072 for the Target of 1095 with SL of 1056
India's largest software exporter TCS formed a strategic partnership with Sernova Financial to deliver its next generation cloud-
based derivative post trade processing service to enable banks to effectively maintain compliance with the changing global
regulatory environment while reducing risk. The new tie-up combines Sernova's capital markets expertise, Calypso platform's
capability and Tata Consultancy Services (TCS) bouquet of capital markets solutions along with IT-Operations synergies as well as
Business Process as a Service (BPaaS) models.
Technical Outlook: On daily char, stock has been trading in a higher top higher bottom formation since last many days and it
seems that stock is likely to perform in a same manner in a coming trading sessions. Moreover, stock has been continuously
trading with its 50 day moving average which is placed at 2535.65 level, which shows that near to short term trend is up. A
momentum indicator RSI reading is at 62.50 level with positive crossover, which point out for positive breath in the stock. So for
trading perspective, one could Buy in the range of 2650-2660 for Target of 2715 with SL of 2623.
Wall Street rose on Monday, though indexes ended far from the highs of the day, in a relief advance after indications that British
voters later this week will choose to remain in the European Union. The day's gains were cut in more than half from the session
highs, but contrasted with declines in six of the last seven sessions. The S&P 500 closed 0.6 percent higher after gaining as much
as 1.4 percent, but the advance was still the largest in nearly a month. Stocks fell sharply last week, partly on worries of what a
British exit from the EU would mean for the global economy. The vote on whether to stay is scheduled for Thursday and the most
recent polls showed a change in momentum to favor the 'remain' camp.
The market is likely to open flat on Tuesday as SGX Nifty indicates but concerns of Brexit looms large. However, experts feel that
Indian market is upbeat on monsoon with rains covering half of India. Equity benchmarks gained nearly a percent on Monday,
tracking rally in global peers while raising FDI limits in various sectors also boosted sentiment. The 30-share BSE Sensex rose
241.01 points or 0.91 percent to 26866.92 and the 50-share NSE Nifty gained 68.30 points or 0.84 percent at 8238.50 while the
broader markets underperformed. The BSE Midcap and Smallcap indices advanced 0.4 percent each. Country's second largest
CNG retailer Mahanagar Gas initial public offer will open today and close on June 23. At the upper end of the price-band, the firm
will garner Rs 1,039.64 crore.

2. SEBI Certified – Research Analyst www.choiceindia.com
Bulk Deal
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
21st June 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 20/06/2016 512417 TRITRADE SUNIL KUMAR KESARWANI B 2414000 0.60
2 20/06/2016 512417 TRITRADE PATEL AALAP BIPINBHAI S 1456877 0.60
3 20/06/2016 523878 TOTEX BYJU C NAIR S 350000 6.79
4 20/06/2016 526747 PGFOILQ PREMKRISHI PVT LTD S 303000 54.00
5 20/06/2016 539921 SEIL NEW LEAINA INVESTMENTS LIMITED B 292800 92.49
6 20/06/2016 526747 PGFOILQ ABHAY P SHAH S 263291 54.00
7 20/06/2016 526747 PGFOILQ MIRACLE FOILS PRIVATE LIMITED B 225508 54.00
8 20/06/2016 526747 PGFOILQ FOILS INDIA LAMINATES P LTD B 155805 54.00
9 20/06/2016 539311 NFIL CHETANKUMAR H CHOVATIYA B 124104 11.70
10 20/06/2016 530979 INDIAHOME KISHOR KANTILAL VELANI S 120000 37.10
Corporate Action:
Everest Industries Limited; Annual General Meeting/ Dividend - Rs 5/- Per Share
UCO Bank; Annual General Meeting
Tata Metaliks Limited; Annual General Meeting And Dividend Rs.2/- Per Share
Bank of Maharashtra; Annual General Meeting
Allahabad Bank; Annual General Meeting
Result Calendar:
GOKAKTEX & SANGUI
Corporate Action / Result Calendar
CEATLTD, IBREALEST & JETAIRWAYS.

3. SEBI Certified – Research Analyst www.choiceindia.com
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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 financial
instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in
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
21st June 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: 2016.06.21 08:50:05 +05'30'