#ChoiceBroking #MorningTea

1. SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
22nd Dec 2016
 US Market:
US stocks fell on Wednesday, with healthcare and real estate shares losing ground a day after the Nasdaq
Composite and the Dow Jones Industrial Average hit record highs. The Dow briefly rose to within 15 points of
20,000, a level it has never reached, but relinquished that gain and spent most of the session at a loss. Some
investors worry that the so-called Trump rally has made stocks expensive and are concerned that legislators may
resist strong tax cuts and other policies that could widen the federal deficit. The S&P 500 is trading at about 17
times expected 12-month earnings, well above the 10-year average of 14, according to Thomson Reuters Data
stream. So far in 2016, the S&P 500 has risen 11 percent, topping the 8 percent gain for the year that strategists
predicted on average in a Reuters poll 12 months ago. The Dow Jones Industrial Average dipped 0.16 percent on
Wednesday to end at 19,941.96 points and the S&P 500 lost 0.25 percent to 2,265.18. The Nasdaq Composite
dropped 0.23 percent to 5,471.43.
 Asian Market:
Asian shares struggled on Thursday, taking their cues from a lackluster day on Wall Street as investors locked in
gains in thin trade ahead of the upcoming holidays. MSCI's broadest index of Asia-Pacific shares outside Japan was
slightly higher in early trade, while Japan's Nikkei stock index slumped 0.6 percent. Later on Thursday, the United
States will release a third revision of US third quarter gross domestic product. The Indian equity market is
expected to open flat to negative today tracking Asian indices. SGX Nifty is trading at 8055.50 Down by 21.50
points.
 GST Council to consider model laws today
 Tata Group was in talks with Voda for consolidation
 Texmaco, Kalindee Rail get Delhi HC nod for merger
 RCom completes tower arm sale to Brookfield Infra for $1.6 bn
 By 2020, 50% of Tech Mahindra’s business will come from IT: CEO CP Gurnani
 EDELWEISS Buy in the range of 95-96 for Target of 99.50 with SL of 92.50
On a daily chart, the stock has been trading above its 200 days moving average which is placed at 86.73 level which
shows enough strength to move forward. Moreover, since last three days, the stock has been trading with gradually
increasing volume which shows accentuate buying activity during the sessions. A momentum indicator RSI reading is
at 49.79 level with a positive crossover which points out for positive breath in the stock. So for trading perspective,
one could Buy in the range of 95-96 for Target of 99.50 with SL of 92.50.
 INFRATEL Sell in the range of 334.50-336 for Target of 320 with SL of 345
On a daily chart, the stock has been trading in a strong downtrend with ample volume which suggests further
downside movement from the present level. Moreover, the stock has given downside breakout of its strong support
of 338-340 level which shows further weakness in the counter. A momentum indicator RSI reading is at 34.41 level
with a negative crossover which points out for negative breath in the stock. So for trading perspective, one could
Sell in the range of 334.50-336 for Target of 320 with SL of 345.
Stock in News
Global Update

2. BS LIMITED; Annual General Meeting
Infinite Computer Solutions (India) Limited; Buy Back
Prudential Sugar Corporation Limited; Annual General Meeting
Mandhana Industries Limited; Annual General Meeting
Ess Dee Aluminium Limited; Annual General Meeting
Result Calendar:
KPL
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
22nd Dec 2016
Corporate Action / Result Calendar
IBREALEST, JINDALSTEL , ORIENTBANK & WOCKPHARMA
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 20/12/2016 532919 ACIASIA ANVITA REAL ESTATE PRIVATE LIMITED S 32900000 0.13
2 20/12/2016 532919 ACIASIA ABJAYONI TRADING PRIVATE LIMITED B 15310177 0.13
3 20/12/2016 532795 SITINET BIOSCOPE CINEMAS PRIVATE LIMITED B 14171245 36.90
4 20/12/2016 532795 SITINET ESSEL MEDIA VENTURES LIMITED S 14171245 36.90
5 20/12/2016 532919 ACIASIA ETHAN CONSTRUCTIONS PRIVATE LIMITED B 10000000 0.13
6 20/12/2016 532919 ACIASIA SALLY REAL ESTATE PRIVATE LIMITED B 9750000 0.13
7 20/12/2016 536170 KUSHAL NAMRATA SANDEEP AGRAWAL S 1500000 436.80
7 20/12/2016 502448 ROLLT SHREE SUPRINIT TRADINVEST PRIVATE LIMITED B 1350000 17.99
7 20/12/2016 502448 ROLLT SHREE SUPRINIT TRADINVEST PRIVATE LIMITED S 1349298 16.59
7 20/12/2016 531253 INDGELA VIREN CHANDRASINH MIRANI B 1106417 63.25
Security in Ban
Bulk Deal

3. SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
Contact Us
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
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 be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution,
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any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that
investments will achieve any targeted rates of return, and there is no guarantee 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.
22nd Dec 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: 2016.12.22 08:27:05 +05'30'