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GAIL gas producers mull closure of coal plants
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Global View
India Update
Today’s Event/ Stock in News
GAIL gas producers mull closure of coal-based power plants near metros. The company is believed to be focusing on cleaner gas as a source of
electricity generation. GAIL Chairman and Managing Director, B C Tripathi, said, "Besides Badarpur power plant in Delhi, the nearby Dadri station
tooneedstobeshut.Allthermal(coal)-basedplantsinbigcitiesandmetroshavetobelookedinto(forclosure).“
Technical Outlook : On daily chart, stock has given neckline breakout of small rounding top pattern at 350 level. Moreover, stock has formed Big
bearish candlestick with above average volume, which shows about accentuated selling pressure. A momentum indicator RSI reading is 52 levels
with negative crossover, which point out for negative breath in the stock. So for trading perspective, one could Sell in the range of 339-341 for the
Targetof331 withtheSLof345.
GAIL
GLENMARK
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Morning Tea
09th Dec 2015
Sell in the range of 928-933 for the Target of 908 with the SL of 943
Sell in the range of 339-341 for the Target of 331 with the SL of 345
SymedLabsLtdandHeteroUSAInchavesuedintheUSdistrictcourtofNewJerseyforinfringingtheirpatentsonlinezoliddrugcrystals,on
GlenmarkPharmaceuticals,aspermediareports.ThecompaniesallegethatGlenmarkispreparingtosellthecrystallineform,orform-III,of
linezolidandcarryoutprocessestomanufacturetheproductbeforethepatentsonitexpire,reportadded.
Technical Outlook : On daily chart, stock has given breakout of its lower band of Pennant pattern with above average volume, which
indicating for downside movement. Moreover, stock has been trading below its 21 DMA which is placed at 962 level, which shows short
term trend is down. A momentum indicator RSI has given n regative breakout of its upward rising trend line, and reading with negative
crossover,whichpointoutfor negativebreathinthe stock. Sofor tradingperspective,one could Sellintherange of928-933 for theTarget
of908withtheSLof943.
Indian indices are expected to start with a negative bias, following weakness in overnight US and Asian markets
this morning, as the after-effects of oil's Monday sell-off continued to linger and traders stayed cautious ahead of
Federal Reserve's crucial rate-setting meeting next week. Overnight, US stocks closed mostly lower but off session
lows while key Asian markets were in the red despite better-than-expected machinery orders data in Japan.
Markets are also awaiting the release of CPI data in China.
US stocks fell in a choppy session on Tuesday as lower oil prices pressured energy stocks for a fifth day and weak
Chinese trade data reignited fears of a global slowdown. Crude prices hovered near 7-year lows after U.S. crude
dipped below USD 37 per barrel and Brent fell below USD 40 for the first time since early 2009 on fears that global
oil producers will pump even more crude in a saturated market. Data released overnight showed China's imports fell
for the 13th consecutive month, with an 8.7 percent decline in November compared with a year earlier.
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Bulk Deal
Corporate Action / Result Calendar
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
Corporate Action:
Jubilant Industries Limited; Annual General Meeting.
Binani Industries Limited; Annual General Meeting/ Dividend - Rs 3/- Per Share
Result Calendar:
09th Dec 2015
Security in Ban
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Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 8/12/2015 500355 RALLIS AMANSA HOLDINGS PRIVATE LTD S 4292850 170.04
2 8/12/2015 500355 RALLIS ICICI PRUDENTIAL MUTUAL FUND- DYNAMIC PLAN B 2549795 170.00
3 8/12/2015 500355 RALLIS AMANSA HOLDING PRIVATE LIMITED S 1797020 171.79
4 8/12/2015 533896 FERVENTSYN KIRAN CHAMPAK SHAH . B 675000 24.94
5 8/12/2015 531499 SYBLY VICHITRA TRAVELS PVT. LTD. S 500000 4.00
6 8/12/2015 530187 ATHARVENT VAIBHAV DAMODAR KHEDEKAR B 435139 3.87
7 8/12/2015 533896 FERVENTSYN DINESH CHHAGANLAL THAKKAR S 400000 24.90
8 8/12/2015 538295 KAUSAMBI BHAVNABEN VIRENDRAKUMAR PATEL B 330063 3.50
9 8/12/2015 538295 KAUSAMBI BHAVNABEN VIRENDRAKUMAR PATEL S 328872 3.53
10 8/12/2015 533896 FERVENTSYN DINESHBHAI CHHAGANLAL THAKKAR HUF S 200000 24.90
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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
09th Dec 2015
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