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1. SEBI Certified – Research Analyst www.choiceindia.com
Global View
India Update
Today’s Event/ Stock in News
Iron ore and coking coal have been seeing a lot of cost escalation recently. Kalyani Steels, which has not benefited from the
Minimum Import Price (MIP), is also bearing the brunt of these costs. BTVi spoke to RK Goyal, Managing Director, Kalyani Steels, to
getanoutlookastohowthesteelpriceswillpanoutgoingaheadandhowthecompanyisgoingthroughthesetimes.
Technical Outlook: On daily chart, stock has formed Long Bearish candlestick with above average volume which shows that
accentuated selling activity from the day’s high which led the price towards bottom. Moreover, stock has given close below its 50
daymovingaveragewhichis placedat 307.40 levelwhichindicatesthattrendhaschangedtodownside. AmomentumindicatorRSI
reading is at 33.71 level with negative crossover which point out for negative breath in the stock. So for trading perspective, one
couldSellinrangeof295-297forTargetof288withSLof300.50.
KSL
ALKEM
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
30th Sep 2016
Sell in range of 1800-1810 for Target of 1828 with SL of 1765
Sell in range of 295-297 for Target of 288 with SL of 300.50
Drug firm Alkem Laboratories today said it has received inspection report with thirteen observations from the US health regulator
after the inspection of its manufacturing facility at Daman. An FDA Form 483 is issued to firm management at the conclusion of an
inspection "when an investigator(s) has observed any conditions that in their judgement may constitute violations of the Food Drug
and Cosmetic Act and related Acts." "The company shall put together a detailed response with adequate corrective and preventive
measures to address the US FDA observations and the same is proposedto be filed within the timeline stipulated by USFDA, Alkem
Laboratoriessaid.
Technical Outlook: On daily chart, stock has been facing strong resistance at 1850 level since last four days, which indicates for
weakness in the counter. Moreover, stock has formed Hanging Man candlestick which is a bearish reversal candle and indicates for
downside move. Amomentum indicator RSI reading is at 68.83 level with negative crossover which point out for negative breath in
thestock.Sofortradingperspective,onecouldSellinrangeof1800-1810forTargetof1765withSLof1828.
Asian stocks followedWall Street lower in early trade on Friday, while oil prices held close to the highest level in almost a month on
optimismoveranOPECplantocurboutput.MSCI'sbroadestindexofAsia-Pacificsharesoutside Japanfell0.5 percent,ontrackfora
0.4 percent drop for the week. It is poised for a 2.2 percent gain in September, and a 9.5 percent jump in the third quarter. Japan's
Nikkei retreated 1.5 percent after sluggish consumption data. It is down 1.7 percent for the month, but set to end the quarter 5.7
percent higher. The Indian equity market is expected to open gap down today tracking Asian indices. SGX Nifty is trading at 8594
Downby50points.
Wall Street dropped on Thursday, weighed down by Apple as well as selling in Wells Fargo, Citigroup and other major banks as
investors worried about the health of Deutsche Bank. The S&P 500 financial index declined 1.49 percent after Bloomberg reported
thatsomehedgefundshavewithdrawnexcesscashandpositions heldattheGermanlender. Growingconcernsoverthe stabilityof
Germany's biggest bank have pushed its shares to record lows and its US-listed stock on Thursday tumbled 6.7 percent. The CBOE
Volatility Index, a gauge of near-term investor anxiety, jumped 14 percent. The Dow Jones industrial average slid 1.07 percent to
18,143.45 points at the close, its sharpest decline since Sept 13. The S&P 500 lost 0.93 percent to end at 2,151.13 and the Nasdaq
Compositedropped0.93percentto5,269.15.

2. SEBI Certified – Research Analyst www.choiceindia.comSEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
30th Sep 2016
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Bulk Deal
Security in Ban
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 29/09/2016 530187 ATHARVENT SURESH KUMAR JAIN B 3400000 2.94
2 29/09/2016 530187 ATHARVENT AMAN SHREE TRADING AND REAL ESTATE PRIVATE LIMITEDS 2744000 2.94
3 29/09/2016 530187 ATHARVENT BHANWAR LAL DARGAR HUF B 1100000 2.94
4 29/09/2016 531467 ARNAVCORP GITABEN BANKIMBHAI SHAH B 573492 3.87
5 29/09/2016 534109 PYXISFIN BHARAT BAGRI S 572000 26.00
6 29/09/2016 534109 PYXISFIN CENTRUMDIRECT LIMITED B 572000 26.00
7 29/09/2016 533208 EMAMIPAP INDI STOCK PRIVATE LTD S 500000 72.25
7 29/09/2016 531467 ARNAVCORP GITABEN BANKIMBHAI SHAH S 405936 3.86
7 29/09/2016 533204 MANDHANA JMP SECURITIES PVT LTD B 210002 34.65
7 29/09/2016 526179 LUDLOWJUT MANU GOPALDAS CHHABRIA S 77000 103.19
Corporate Action / Result Calendar
Result Calendar:

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
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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
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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
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SEBI Certified – Research Analyst www.choiceindia.com
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
Morning Tea
30th Sep 2016
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Kunal Parmar
Digitally signed by Kunal Parmar
DN: cn=Kunal Parmar, o=Choice Equity
Broking Pvt Ltd., ou=Research Dept,
email=kunal.parmar@choiceindia.com, c=IN
Date: 2016.09.30 08:37:46 +05'30'