#ChoiceBroking #MorningTea: The United States issued a fresh warning to Japan against competitive currency...

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Global View
India Update
Today’s Event/ Stock in News
The bank had posted a standalone net profit of Rs 545.94 crore in the corresponding quarter of previous fiscal, IDBI Bank Ltd said
in a filing to the Bombay Stock Exchange on May 20, 2016. The total income of the Bank too fell by 11.8 per cent at Rs 8,274.58
crore in Q4 FY16, from Rs 9,382.37 crore in Q4 FY15. During the quarter under review, the bank’s gross non-performing assets
significantly rose to 10.98 per cent of total loans, compared with 5.88 per cent in the year-ago quarter. Net NPA of the bank too
grew to 6.78 per cent against 2.88 per cent in corresponding period last year.
Technical Outlook: On daily chart, stock formed dark cloud cover candlestick which is a bearish reversal candlestick and indicates
for bearish reversal movement. Moreover, stock has been trading below its 100 day moving average which is placed at 66.69
level, which shows that short to medium term trend is down. A momentum indicator RSI reading is at 38.64 level with negative
crossover, which point out for negative breath in the stock. So for trading perspective, one could Sell in the range of 64-65 for the
Target of 62 with the SL of 66.
IDBIBANK
BALRAMCHIN
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
23rd May 2016
Buy in the range of 109-110.50 for the Target of 113.5 with the SL of 107.5
Sell in the range of 64-65 for the Target of 62 with the SL of 66
Sugar firm Balrampur Chini Mills Ltd reported a 30 per cent rise in standalone net profit at Rs 98.78 crore for the March quarter,
on better realisation from sale of the sweetener. Its net profit stood at Rs 75.82 crore in the year-ago period, Balrampur Chini
said in a regulatory filing. Total income rose to Rs 777.19 crore in the fourth quarter of last fiscal from Rs 663.79 crore in the
corresponding period of the previous year. Prices of sugar have been rising since October last and crossed Rs 40 a kg.
Technical Outlook : On daily chart, stock has been trading in a higher top higher bottom formation since last many days and it
seems that stock might continue its further upside movement from the present level. Moreover, stock has taken support of its 21
day moving average which is placed at 110.10 level, which shows that near to short term trend is up. A momentum indicator RSI
reading is at 51.86 level with negative crossover, however, RSI has good support of its upward rising trend line, which point out
for positive breath in the stock. So for trading perspective, one could Buy in the range of 109-110.50 for the Target of 113.50 with
the SL of 107.50
The United States issued a fresh warning to Japan against competitive currency devaluation on Saturday, exposing a rift on
exchange-rate policy that overshadowed a Group of 7 finance leaders gathering hosted by the Asian nation. Japan and the United
States are at logger-heads over currency policy with Washington saying Tokyo has no justification to intervene in the market to
stem yen gains, given the currency's moves remain "orderly". In bilateral talks ahead of the second day of G7 talks in Sendai,
Japan on Saturday, U.S. Treasury Secretary Jack Lew told Japanese Finance Minister Taro Aso that it was important to refrain
from competitive currency devaluation. Germany has shown no signs of responding to calls from Japan and the United States to
boost fiscal spending. Washington also warned Tokyo against relying too much on monetary policy with a senior U.S. Treasury
official saying structural reforms are being put in place in Japan "but slowly.
The Indian equity market is expected to post a tepid start, with SGX Nifty trading at 7779.50 up 17.50 points. Asian markets
opened mixed and are indicating a subdued start with the Japanese benchmark index falling from May's high. This was on the
back of a slew of recent comments from the US Federal Reserve about a possible interest rate hike in June. The Dow Jones, in the
US, failed to recover gains for the week after stocks fell amid renewed concerns of a rate hike sooner rather than later. In
European markets, stocks closed higher on Friday, as Wall Street rose after falling earlier in the week. Beyond equities, dollar hit
multi-week highs against yen on hawkish fed bets, while it was only a little changed against the euro after profit-taking.

2. SEBI Certified – Research Analyst www.choiceindia.com
Bulk Deal
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
23rd 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 20/05/2016 536820 BOSTONTEK PRASAD J K B 200000 9.58
2 20/05/2016 537954 SKP ABHISHEK SINGH B 170000 12.10
3 20/05/2016 537954 SKP SAJEL TRADE HOUSE PRIVATE LIMITED S 135000 12.10
4 20/05/2016 531699 SUPRDOM NEERAJ ARORA S 120691 5.40
5 20/05/2016 536820 BOSTONTEK RAJIV KUMARBHUTARA S 100000 9.58
6 20/05/2016 536820 BOSTONTEK AJAY KUMAR AGARWAL S 100000 9.58
7 20/05/2016 517548 STARLITE SOLARCOPYER LIMITED S 92000 41.05
8 20/05/2016 539884 DARSHANORNA PINALBEN R. SHAH B 78000 60.75
9 20/05/2016 514302 VIPPYSP ASHOK KUMAR BILGAIYAN B 64735 28.28
10 20/05/2016 539884 DARSHANORNA GUINESS SECURITIES LIMITED B 60000 60.17
Corporate Action:
JM Financial Limited; Dividend - Re 0.85/- Per Share
Result Calendar:
20MICRONS, ABAN, ACRYSIL, ADSL, AMRAFIN, ARCHIES, ARIAC, BANSWRAS, BLACKROSE, BPCL,
BUDGE , UDGE, CAMLINFIN, CHENNPETRO, CNOVAPETRO, CUB, DALMIASUG, DION, DISHTV, EMKAY,
ENGINERSIN, EON, GANONTR, GOLDENTOBC, GOODRICKE, GULFPETRO, HCIL, HERITGFOOD,
HITECHPLAS, HKT, HSIL, ICVLSTEELS, IGPL, INDGELA, INDICAP, INRADIA, INTELLADV, INTELLCAP,
JAMSHRI, JAYKAY, JUBLINDS, JYOTHYLAB, KANPRPLA, KAUSHALYA, KKCL, KUSHAL, LXMIATO, LYNMC,
MAHSCOOTER, MANALIPETC, MUKANDLTD, NFL, NIDHGRN, OMKARCHEM, ORIENTBELL, OTCO,
PICTUREHS, PVP, RADHEDE, RADHEY, RAMAVISION, RBL, SAMKRG, SAURASHCEM, SHAILJA,
SHRIRAMEPC, SHYMINV, SIMMOND, SONATSOFTW, SRINACHA, SUNDARAM, SUNILAGR, SURYALA,
SWRNASE, TARAJEWELS, TATAINVEST, TATAPOWER, TEAMLEASE, TRCFIN, TRITON, TTKPRESTIG,
VETO, VIKASECO, VIPPYSP, VISHAL, VRLLOG, WELCORP, WELENT, YOGYA.
Corporate Action / Result Calendar
HDIL, IBREALST & JINDALSTEL

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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
23rd 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: 2016.05.23 08:41:26 +05'30'