The document summarizes market updates from the US, Asia and India. In the US markets, the S&P 500 and Dow were little changed while the Nasdaq advanced. In Asia, stocks were subdued following the US performance. In India, the equity market is expected to open flat tracking Asian indices. It also provides recommendations to buy two stocks, MAHINDCIE and SUNDMFAST, based on technical analysis.

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Morning Tea
24th Oct 2016
 US Market:
The S&P 500 and the Dow were little changed and the Nasdaq advanced on Friday as a record day for Microsoft
and earnings from McDonald's helped offset a fall in energy and healthcare shares. General Electric, often seen as
an economic bellwether, weighed on the market as the industrial conglomerate's posted results that topped
expectations but cut its full-year revenue target to send shares down 0.9 percent after it touched an 8-month low
of USD 28.33. Dow Jones industrial average fell 16.64 points, or 0.09 percent, to 18,145.71, the S&P 500 lost 0.18
points, or 0.01 percent, to 2,141.16 and the Nasdaq Composite added 15.57 points, or 0.3 percent, to 5,257.40.
Asian Market:
Asian stocks were subdued early on Monday after Wall Street's sluggish performance at the end of last week, while
the dollar hovered near nine-month highs as fresh comments from a Federal Reserve official boosted bets of a rate
hike by year-end. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS inched down 0.1
percent. Japan's Nikkei .N225 stood little changed, while South Korea's Kospi .KS11 gained 0.4 percent. The Indian
equity market is expected to open flat today tracking Asian indices. SGX Nifty is trading at 8719.50 Up by 17 points.
 RIL set to sign $600 million ethane ship deal today
 IDFC Alternatives buys 3 Punj Lloyd solar projects
 Govt, banks meet today on stressed assets
 Tata, R-Infra asked to explore PPA options
 FIPB to take up 19 investment proposals this week
 Coking coal price surge to pull down steel companies
 GST can be paid online using debit, credit cards: Revenue Secretary
 SUNDMFAST Buy in range of 325-328 for Target of 340 with SL of 316
On daily chart, stock has formed long bull candlestick with above average volume which indicates for accentuated buying
activity during last trading session. Moreover, recently stock took support of its 50 day moving average which is placed at
298.20 level and has given decent bounce back from that level. A momentum indicator RSI reading is at 67.69 with
positive crossover which point out for positive breath in the stock. So for trading perspective, one could Buy in range of
325-328 for Target of 340 with SL of 316.
 MAHINDCIE Buy in range of 194-195.50 for Target of 202 with SL of 189
On daily chart, stock has given close above its 100 day moving average which is placed at 194.40 level, which shows that
stock could further accelerates its upside movement from the present level. Apart from this, stock has been trading with
its strong support of 186 level, which indicates for strength in the counter. A momentum indicator RSI reading is at 54.85
level with positive crossover which point out for positive breath in the counter. So for trading perspective, one could Buy
in range of 194-195.50 for Target of 202 with SL of 189.
Stock in News
Global Update

2. BANKINDIA, HDIL, IBREALEST & JINDALSTEL.
The Karnataka Bank Limited, Rights 1:2 @ Premium Rs 60/- Per Share
Tata Consultancy Services Limited, Interim Dividend- Rs 6.50/- Per Share
Cyient Limited, Interim Dividend Rs 3/- Per Share
CIL Nova Petrochemicals Limited, Rights 1:1 @ Premium Rs 4.50 Per Share
Result Calendar:
ADANIENT, ADANIPOWER, ADANITRANS, ADIFINCHM, ADORMUL, ADORWELD, AJMERA,
ATISHAY, AXISBANK,BALAMINES, BHARAT, BIRLAMONEY, CAPITALT, CHEMOPH, COROENGG,
ETPCORP, GEECEE, GREENPLY, GSFC, GUJINTRX, IBREALEST, IDEA, IMFA, INDAG, INFRATEL,
ISLCONSUL, JCHAC, JOINTECAED, KDJHRL, KINGFA, KIRLFER, KPRMILL, LLOYDSME, MAHINDCIE,
MARUTISE, MUTHTFN, NATFIT, NAVINFLUOR, PARRYSUGAR, PHOENIXTN, RALLIS, RELCAPITAL,
RML, RUCHIRA, SAURASHCEM, SHHARICH, SNL, SPANDIAQ, SPSL, SUPPETRO,SWARAJENG,
TATAMETALI, THYROCARE, UPSURGE, VATSAEDU, WENDT.
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Morning Tea
24th Oct 2016
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 21/10/2016 539197 DEVHARI RAJKUMAR SHYAMNARAYAN SINGH B 1024400 4.87
2 21/10/2016 539197 DEVHARI RITA RAJKUMAR SINGH S 1008400 4.87
3 21/10/2016 531467 ARNAVCORP AJIT KANTAK S 920357 4.03
4 21/10/2016 531467 ARNAVCORP CHANDRAKANT BHANSALI S 800000 4.04
5 21/10/2016 538520 SBL SRI MAHAMAYA B 793888 1.11
6 21/10/2016 530145 KISAN VEENA VIJAY AGGARWAL S 761771 52.00
7 21/10/2016 530145 KISAN POLSONS TRADERS LLP B 761771 52.00
7 21/10/2016 538520 SBL SRI MAHAMAYA S 707815 1.14
7 21/10/2016 531467 ARNAVCORP HARRODS TRADING PVT LTD B 600000 4.04
7 21/10/2016 531467 ARNAVCORP LILABEN BABULAL RAVAL S 528322 4.12
Corporate Action / Result Calendar
Security in Ban
Bulk Deal

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Morning Tea
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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
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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
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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
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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.
24th Oct 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: 2016.10.24 08:37:38 +05'30'