1) US stocks fell on Friday led by a 4.3% drop in Oracle shares after its revenue missed estimates, while defensive sectors like real estate and utilities gained. Asian shares steadied after China agreed to return a seized US drone. 2) The document provides updates on the US, Asian and Indian stock markets. It also lists recent corporate actions and an upcoming earnings calendar. 3) The document concludes with recommendations to buy Exide Industries and sell Tata Power based on technical analysis indicators.

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Morning Tea
19th Dec 2016
 US Market:
US stocks fell on Friday, weighed by a more than 4 percent drop in Oracle shares, while recently battered
stocks in the real estate and utilities sectors posted the largest gains. Oracle dropped 4.3 percent to USD
39.10 after its adjusted revenue missed analysts' estimates. The stock was the biggest drag on the S&P and
the tech sector. Analysts said that investors were anxious and turned to defensive sectors in stocks as well as
US Treasuries after a report that a Chinese Navy warship seized a US underwater drone on Thursday in
international waters in the South China Sea. The news about the drone seizure "turned it to a risk-off day,"
said Jim Paulsen, chief investment strategist at Wells Capital Management in Minneapolis. The Dow Jones
industrial average fell 8.83 points, or 0.04 percent, to 19,843.41, the S&P 500 lost 3.96 points, or 0.18
percent, to 2,258.07 and the Nasdaq Composite dropped 19.69 points, or 0.36 percent, to 5,437.16.
 Asian Market:
Asian shares steadied in early trade on Monday after China agreed to return a drone it had seized, easing worries
about rising diplomatic tensions between the world's two biggest economic powers. MSCI's broadest index of
Asia-Pacific shares outside Japan tacked on 0.1 percent after falling to its lowest level in three weeks on Friday.
Japan's Nikkei dipped 0.2 percent from one-year high. The Indian equity market is expected to open gap down
today tracking Asian indices. SGX Nifty is trading at 8120 Down by 27 points.
 Urjit Patel to brief Parliament panel on demonetization
 Fresh merger structure to IRDA by Max Life-HDFC Life
 Banks to again auction KF House, Villa at lower prices
 We want to create world class Indian brands: ITC COO
 Ban on tobacco FDI might protect domestic industry from competition: Experts
 EXIDEIND Buy in range of 174-176 for Target of 182 with SL of 171
On daily chart, stock formed bullish belt hold candlestick pattern with above average volume which is a bullish
reversal indication and indicates for upside movement. Moreover, stock has been trading above its 200 day moving
average which is placed at 167.35 level which shows that long term trend is up. A momentum indicator RSI reading
is at 45.45 level with positive crossover which point out for positive breath in the stock. So for trading perspective,
one could Buy in range of 174-176 for Target of 182 with SL of 171.
 TATAPOWER Sell in range of 76-77 for Target of 73 with SL of 78.50
On daily chart, stock formed shooting star candlestick with above average volume which is a bearish reversal
indication and indicates for downside movement. Besides, on hourly chart, stock has given negative breakout of
lower arm of upward rising channel which suggests weakness in the counter. A momentum indicator RSI reading is
at 55.69 level with negative crossover which point out for negative breath in the stock. So for trading perspective,
one could Sell in range of 76-77 for Target of 73 with SL of 78.50.
Stock in News
Global Update

2. Gillanders Arbuthnot & Company Limited; Annual General Meeting
Visa Steel Limited; Annual General Meeting
Lycos Internet Limited; Annual General Meeting/Dividend - Re 0.10/- Per Share
Jet Airways (India) Limited; Annual General Meeting
Valecha Engineering Limited; Annual General Meeting
21st Century Management Services Limited; Annual General Meeting
Result Calendar:
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Morning Tea
19th Dec 2016
Corporate Action / Result Calendar
IBREALEST, JINDALSTEL & ORIENTBANK
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 16/12/2016 532524 PTC COPTHALL MAURITIUS INVESTMENT LIMITED S 5771106 75.30
2 16/12/2016 532524 PTC HSBC GLOBAL INVESTMENT FUNDSASIA EX JAP B 5771106 75.30
3 16/12/2016 517569 KEI COPTHALL MAURITIUS INVESTMENT LIMITED S 3451330 120.35
4 16/12/2016 517569 KEI HSBC GLOBAL INVESTMENT FUNDSASIA EX JAP B 3451330 120.35
5 16/12/2016 506390 CLNINDIA EBITO CHEMIEBETEILIGUNGEN AG S 3055000 635.00
6 16/12/2016 502465 SPECIAPP ZUBER TRADING LLP S 1500000 0.64
7 16/12/2016 502465 SPECIAPP ETHAN CONSTRUCTIONS PRIVATE LIMITED B 1498600 0.64
7 16/12/2016 507892 WINSOMEDJ PRIME INDIA INVESTMENT FUND LIMITED S 1161523 0.32
7 16/12/2016 534731 BITL competent textiles pvt ltd S 1000000 1.56
7 16/12/2016 506390 CLNINDIA SBI MUTUAL FUND B 916500 635.00
Security in Ban
Bulk Deal

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Morning Tea
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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
www.choicebroking.incustomercare@choiceindia.com
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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.
19th Dec 2016
Kkunal Parar
Digitally signed by Kkunal Parar
DN: cn=Kkunal Parar, o=Choice Equity Broking
Pvt Ltd., ou=Research Dept.,
email=kkunal.parar@choiceindia.com, c=IN
Date: 2016.12.19 09:14:55 +05'30'