ChoiceBroking Financial Tips Morning Tea BUY RELIANCE @1042-1032 TGT 1065 SL 1025 SELL MARUTI @4198-4210 TGT 4150 SL 4225

1. SEBI Certified – Research Analyst www.choiceindia.com
Global View
India Update
Today’s Event/ Stock in News
Reliance Industries 'thirdquarter standalone profit beat analysts'expectationson Tuesday, rising10 percent quarter-on-quarter to
Rs 7,218 crore on strong performance of refining business. It was expected at 6,950 crore for the quarter, according to analysts
polled by CNBC-TV18. "Benefits of low crude oil and energy prices for downstream businesses clearly outweigh the impact of these
factors on upstream segment, reflecting in the record earnings for the quarter," said Mukesh Dhirubhai Ambani, Chairman and
Managing Director. The petrochemical major has reported revenue of Rs 56,567 crore for the quarter against Rs 60,817 crore in
preceding quarter. Gross refining margin jumped to seven-year high at USD 11.50 a barrel in quarter ended December 2015,
showinganincreaseof8.5percentcomparedtoUSD10.6abarrelinSeptemberquarter.
Technical Outlook: Reliance had given a breakout of multiyear time frame. It had given breakout above stiff 1040 resistance level.
Afteragivingbreakoutithadretracedtoneartobreakoutzonewhichconsideredas healthysignfor further upmove.It hadformed
insidedaycandle.Lookingatpositivesentimentandlargertimeframechartsupporttopositivepriceaction.
RELIANCE
MARUTI
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
20th Jan 2016
Sell in the range of 4198 -4210 for the Target of 4150 with the SL of 4225
Buy in the range of 1042 - 1032 for the Target of 1065 with the SL of 1025
The auto maker has slashed price of its premium crossover S-Cross by over Rs 2 lakh after failing to gain traction in the market. The
company had introduced the S-Cross in two options of 1.6 litre and 1.3 litre engines last year coinciding with the launch of its
premium retail outlet chain Nexa. However, sales of the vehicle were hindered by pricing issues. As per the latest price list on the
company'swebsite,theslashingofpriceisalsoapplicableonthe1.3litrevariant.Thecutinthepriceof1.6litrevariantisRs2,05,000
forallthethreetrims,whilethatof1.3litrevariantrangesfromRs40,000toRs66,000.
.
Technical Outlook: On higher time frame it is consolidating after stupendous rise and on a daily chart price is operating below a
consolidation phase. Along with that price had crossed its 21 days short term moving average on lower side. From short term
perspectivefurthermilddipcanbeexpecteduptogapuparea.
US stocks closed mixed Tuesday, stabilizing after a sharply lower start to the year despite pressure from a fresh decline in oil prices. The S&P 500
held above key technicallevel, itsAugust low of 1,867. Asian share markets slipped early Wednesday as a relentless slide in oil prices wiped out an
attempted rally on Wall Street and dealt a fresh blow to risk appetite. US crude wallowed at its lowest since 2003 after the world's energy
watchdog warned the market could "drown in oversupply". US crude futures CLc1 shed another 49 cents to a new trough at USD 27.97 in early
trade, while Brent crude LCOc1 was quoted at USD 28.76 a barrel. Equity markets reacted by reversing some of Tuesday's rare gains, and MSCI's
broadestindexofAsia-PacificsharesoutsideJapan.
After a shaky 2016 start, Sensex rallied 300 points and Nifty regained the 7,400 level on Tuesday. The SGX Nifty was trading nearly 70 points down
at 7,368 at 7:30 AM on Wednesday, indicating that Nifty mightalsoopen in the negative. On Tuesday, the International Monetary Fund slashed its
growth forecast to 3.4 percent for 2016. IMF also said that India will emerge as fastest growing nation, but the gross domestic product (GDP) will
remainbelow8percentatleastfornexttwoyears.Ondomesticfront,earningstowatchoutforonWednesdayareAxisBankandUltraTech.

2. SEBI Certified – Research Analyst www.choiceindia.com
Bulk Deal
Corporate Action / Result Calendar
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
Corporate Action:
Bajaj Corp Limited - Interim Dividend Rs 11.50 Per Share, Oil India Limited - Interim Dividend- Rs 8/- Per
Share, Aditya Birla Nuvo Limited - Scheme Of Arrangement, Tata Consultancy Services Limited, Interim
Dividend - Rs 5.50/- Per Share
Result Calendar:
AXISBANK, DHFL, EDELWEISS, GATI, JSWENERGY, NIITLTD, RELINFRA
20th Jan 2016
Security in Ban
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
BANKINDIA, BANKINDIA,DLF, IDBI, INDIACEM, JISLJALEQS, UNITECH
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 19/01/2016 500096 DABUR CENTRAL STATE SOURTH EAST and SOUTH WES S 12683010 250.55
2 19/01/2016 500096 DABUR GENESIS INDIAN INVESTMENT COMPANY LIMIT B 12683010 250.55
3 19/01/2016 534060 PMCFIN VIBRANT SECURITIES PRIVATE LIMITED B 3425280 0.49
4 19/01/2016 534060 PMCFIN VIBRANT SECURITIES PRIVATE LIMITED S 3414878 0.49
5 19/01/2016 532497 RADICO ASHISH DHAWAN S 2000000 108.01
6 19/01/2016 532497 RADICO MORGAN STANLEY ASIA SINGAPORE PTE B 1600000 108.00
7 19/01/2016 504369 GRANDMA SUNDERJI MSHAH S 935558 24.18
8 19/01/2016 500304 NIITLTD NIRANKAR ADVISOR LLP S 893398 78.00
9 19/01/2016 500304 NIITLTD KAMLESH NAVINCHANDRA SHAH B 836000 78.00
10 19/01/2016 526588 PHOTOQUP DIMPLE AMAR PARIKH B 209000 28.01

3. SEBI Certified – Research Analyst www.choiceindia.com
Contact Us
www.choiceindia.com
www.choiceindia.comcustomercare@choiceindia.com
Disclaimer
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
instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in
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
Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any 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 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
information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or warranty and accepts no responsibility
or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without
notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended
purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may
be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is
strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current
performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee
against the loss of your entire investment.
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.
SEBI Certified – Research Analyst www.choiceindia.com
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
20th Jan 2016
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website