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Global View
India Update
Today’s Event/ Stock in News
BhartiAirtelhasacquired the remainingbalancepaidup sharecapitali.e. 26 percentofAugere andwiththe said acquisition,Augere has become a
whollyownedsubsidiaryofthecompany.Earlier,thecompanyhadacquired74%capitalofAugereWirelessBroadbandIndia.Thisisinlinewiththe
country’slargesttelecomprovider’searlierannouncementtoacquireAugerethatwillallowAirteltakeits4Goperationstoninecircles.BhartiAirtel
isaleadingintegratedtelecommunicationscompanywithoperationsin20 countriesacrossAsiaandAfrica. The companyranksamongst the top5
mobileserviceprovidersgloballyintermsofsubscribers.
Technical Outlook : On daily chart, stock has given positive breakout of its trading range in which it had been trading for three days,
moreovervolumeactivitywasalsoappealingduringthisbreakout,whichshowsthatupsidemovementcanbeseenfromthepresentlevel.
Apartfromthis,stockhasbeentradingaboveits50 DayMovingAveragewhichisplacedat334 level,whichindicatesthatnear tomedium
term trend is up. A momentum indicator RSI reading is at 60.45 level with positive crossover, which point out for positive breath in the
stock.Sofortradingperspective,onecouldBuyintherangeof339-341fortheTargetof348withtheSLof335.
BHARTIARTL
PETRONET
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Morning Tea
01st Jan 2016
Buy in the range of 254-256 for the Target of 262 with the SL of 251
Buy in the range of 339-341 for the Target of 348 with the SL of 335
PetronetLNGhasenteredintoabindingsaleandpurchaseagreement(SPA)withRasGasofQatarforsupplyofanadditional1MTAofLNGtoIndia
starting in 2016 for onward sale to four Indian entities i.e. Indian Oil Corporation, Bharat Petroleum Corporation, GAIL (India) and Gujarat State
Petroleum Corporation. Further, RasGas and Petronet ING have entered into a binding agreement to adjust some aspects of their existing long
termLNG SPAof7.5MTA,signedbythepartiesin1999,whichlaidthefoundationfortheLNGbusinessinIndia.Suchadjustmentswillprotectand
preserve the overall value of the contract. Asper such agreement, LNG volumesnottaken byPetronet from RasGas during 2015 will be takenand
paid for by Petronet during the remaining term of the SPA and will maintain its current level of oil indexation with the oil index more closely
reflecting the prevailing oil prices. Consequently, Petronet has made similar adjustments to its existing Gas Sales & Purchase Agreement with its
intermediate-offtakers,GAIL(India),IndianOilCorporationandBharatPetroleumCorporation.
TechnicalOutlook:Ondailychart,stockhasgivenpositivebreakoutofitsFlagpatternwithaboveaveragevolume,which isacontinuationpattern
and indicating for further upside movement. Moreover, stock has been continuously trading above its 21 Day Moving Average which shows that
near term trend is up. a momentum indicator RSI reading is at 77.35 level with positive crossover, which point out for positive breath in the stock.
Sofortradingperspective,onecouldBuyintherangeof254-256 fortheTargetof262withtheSLof251.
Wall Street droppedonThursday, leavingthe S&P 500 marginally lower for a yearmarkedby recordhighs as well as amajor selloff.
In a reversal of one of 2015's major trends, oil shares moved higher, with the S&P energy sector up 0.34 percent and alone among
gainers. Much of the blame for this year's underwhelming stock market performance can be laid at the feet of crude oil prices,
which lost a third of their value during an unprecedented global glut. The energy sector fell 24 percent, its worst annual
performancesincetheglobalrecession.
Benchmark indices may open on a sluggish note with trading volumes likely be to thin because of the holiday mood. Asian markets
are closed for the New Year, and US and key European markets ended on a bearish note Thursday. This could weigh on sentiment
back home despite the strong closing yesterday. In addition, the SGX Nifty is down 28 points at 7920 this morning, indicating
reluctance of buyers to chase prices.Traders say the focus will be on technical levels in the near term as there are no big
fundamentaltriggerstolookoutfor.
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Bulk Deal
Corporate Action / Result Calendar
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
Corporate Action:
Result Calendar:
01st Jan 2016
Security in Ban
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Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 31/12/2015 534060 PMCFIN VIBRANT SECURITIES PRIVATE LIMITED S 4708915 0.50
2 31/12/2015 534060 PMCFIN VIBRANT SECURITIES PRIVATE LIMITED B 4685087 0.51
3 31/12/2015 502465 SPECIAPP SHRIRAMCREDIT COMPANY LIMITED S 4040399 0.96
4 31/12/2015 502465 SPECIAPP NIRVANA MALL MANAGEMENT CO PVT LTD B 2770000 0.95
5 31/12/2015 500460 MUKANDLTD JADAVDEVI SUKETU TRUST B 2671636 47.00
6 31/12/2015 500460 MUKANDLTD SUKETU VIREN SHAH S 2671636 47.00
7 31/12/2015 502465 SPECIAPP ABJAYONI TRADING PRIVATE LIMITED S 837623 0.97
8 31/12/2015 502465 SPECIAPP ABJAYONI TRADING PRIVATE LIMITED B 750713 0.98
9 31/12/2015 524540 SECHE PARKWAY PROPERTIES PRIVATE LIMITED S 434200 2.19
10 31/12/2015 524540 SECHE ANVITA REAL ESTATE PRIVATE LIMITED B 434200 2.19
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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
01st Jan 2016
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