#ChoiceBroking #Morningtea: Asian stocks trading mixed Monday, despite futures pointing to a higher open.

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Global View
India Update
Today’s Event/ Stock in News
Tata Motors today posted three-fold rise in its consolidated net profit at Rs 5,177.06 crore for the fourth quarter
ended March 31, driven by strong performance of its British arm JLR and robust volume growth of its heavy and medium
commercial vehicles. The city-based company had posted a consolidated net profit of Rs 1,716.5 crore in the same period
last fiscal, Tata Motors said in a BSE filing.
Technical Outlook: On daily chart, stock has given positive breakout of its range bound move with above average volume,
which indicates for robust upside movement that can be seen in next few trading session. Moreover, stock has been
trading above its 50 day moving average which is placed at 390 level, which shows that near to short term trend is up and
stock could accelerates its upside movement. A momentum indicator RSI reading is at 66 level with positive crossover,
which point out for positive breath in the stock. So for trading perspective, one could Buy in the range 418-421 for the
Target of 430 with the SL of 413.80
TATAMOTORS
BERGEPAINT
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
31st May 2016
Buy in the range of 292-294 for the Target of 300 with the SL of 289
Buy in the range of 418-421 for the Target of 430 with the SL of 413.80
Berger Paints India Ltd, a premier global paints and coatings manufacturer, on Monday has reported a growth of 59.7 per
cent in its consolidated net profit after taxes (PAT) at Rs 92.77 crore for the fourth quarter ended March 31, 2016. “The
consolidated PAT of the company stood at Rs 58.08 crore during the same period a year ago,” said Berger Paints India Ltd
in a filing to the Bombay Stock Exchange on May 30, 2016.
Technical Outlook: On daily chart, stock has been trading in a broadening rising wedge formation since last two months.
Moreover, recently stock has taken support of its lower band of formation, which indicates for good bounce back in next
few trading sessions. Apart from this, stock has been trading above its 21 day moving average which is placed at 278.90
level, which shows that near term trend is up. A momentum indicator RSI reading is at 64.70 level with positive crossover,
which point out for positive breath in the stock. So for trading perspective, one could Buy in the range of 292-294 for the
Target of 300 with the SL of 289.
Asian stocks trading mixed Monday, despite futures pointing to a higher open. Australia's ASX 200 was trading effectively flat,
weighed by a 0.81 percent decline in its materials subindex. Major Australian resource producers were under pressure, with Rio
Tinto dipped 0.13 percent, Fortescue Metals down 1.32 percent and BHP Billiton was lower by 0.1 percent. Japan's benchmark
Nikkei 225 index was up 0.72 percent; while Hong Kong's Hang Seng index opened higher by 0.17 percent. Chinese markets were
lower, with the Shanghai composite lower by 0.43 percent and the Shenzhen composite dropping 0.821 percent. Across the
Korean Strait, the Kospi was down 0.36 percent, despite a South Korean central bank survey of 1,700 manufacturers showing that
business confidence was at a seven-month high. Japan's April retail sales fell 0.8 percent year-on-year, compared to market
consensus for a 1.2 percent decline, according to Reuters.
The Indian market is likely to take a breather and consolidate at open Tuesday, following a five-day rally which saw the
Nifty testing the 8200 mark intraday and ending at the highest level in last 8 months. In Singapore, SGX Nifty was trading 18.00
points up at 8,213.50 in early trade. All eyes are now on the GDP data for fourth quarter and FY16 to be released today. For Q4,
growth is estimated at 7.3 percent with agriculture sector likely to pick up and manufacturing unable to sustain at 12 percent
levels. Among other markets, Asian stocks were trading higher with China leading the pack.

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Bulk Deal
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
31st 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 30/05/2016 523236 SHRENUJ SUNIL CAPITAL B 1890548 2.13
2 30/05/2016 523236 SHRENUJ SUNIL CAPITAL S 1390549 2.22
3 30/05/2016 532826 RAJTV KIRAN KUMAR M B 273562 56.66
4 30/05/2016 539392 SANGFROID ROSHANLAL DAULATRAMAGGARWAL B 229573 4.50
5 30/05/2016 539392 SANGFROID ROSHANLAL DAULATRAMAGGARWAL S 212697 4.51
6 30/05/2016 539311 NFIL ASHISHBHAI JITENDRABHAI JOSHI B 200000 12.50
7 30/05/2016 517467 MARSONS DEEPAK BIRADAR B 199999 14.52
8 30/05/2016 538771 PINCON YOUTHVISION COMMODITIES PRIVATE LIMITED S 190676 114.77
9 30/05/2016 539593 SHIVA VISHAL SAYAMGURNANI B 157000 15.82
10 30/05/2016 514366 CITIZYN PUNAJI SOMAJI THAKOR B 155111 4.87
Corporate Action:
Page Industries Limited; Interim Dividend Rs 22/- Per Share (Purpose Revised)
Indian Card Clothing Company Limited; Special Dividend Rs.12/- Per Share
Result Calendar:
ASIANFR, DUTRON, KAPILCO, KCL, NAINAMS, RAJTUBE, REGENCERAM, SAUMYA, SHNALUM, SIDDHA,
VKSPL.
Corporate Action / Result Calendar

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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
31st May 2016
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Kapil Shah
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Date: 2016.05.31 08:35:57 +05'30'