Choice - Morning Tea

SEBI Certified – Research Analyst www.choiceindia.com
Global View
India Update
Today’s Event/ Stock in News
DrugmakerSuvenLifeSciencesLtdonFridaysaidithassecuredfourproductpatentsforitsNewChemicalEntities(NCEs)fromfourdifferentcountries.Thecompany
has achieved these product patents from Eurasia, Europe, Israel and Macau. “Suven Life secures four product patents in Eurasia, Europe, Israel and Macau,” said
Suven Life Sciences Ltd in a filing to the Bombay Stock Exchange on December 11, 2015.These patents are valid through 2030, it added. “The granted claims of the
patents include the class of selective 5-HT compounds discovered by Suven,” the company said in a statement. Further, the Suven said these compounds are being
developed as therapeutic agents and are useful in the treatment of cognitive impairment associated with neurodegenerative disorders like Alzheimer’s disease,
Attention deficient hyperactivity disorder (ADHD), Huntington’s disease, Parkinson and Schizophrenia. commenting on the development, Suven Life Sciences Ltd,
CEO,VenkatJastisaid,“WeareverypleasedbythegrantofthesepatentstoSuvenforourpipelineofmoleculesinCNSarenathatarebeingdeveloped forcognitive
disorders with high unmet medical need with huge market potential globally.” With these new patents, Suven has a total of 15 granted patents from Eurasia, 18
grantedpatentsfromEurope,8grantedpatentsfromIsraeland5productpatentsfromMacau.
Technical Outlook : Ondailychart,stockhassmallBullishcandlestickwithaboveaveragecandlestick,moreoverstockhasgivencloseaboveDoji’shighwhichwas
placedat252.80level, whichshowsfor upside movement. Apartfrom this, stock has managed tocloseabove its200DayMoving Averagewhich is placed at249.80
level, which shows that stock’s medium to long term trend is up. A momentum indicator RSI reading is at 41.88 level and about to make positive crossover, which
pointoutforpositivebreathinthestock.Sofortradingperspective,onecouldBuyintherangeof253-255fortheTargetof261withtheSLof250.
SUVEN
ONGC
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
14th Dec 2015
Sell in the range of 214-216 for the Target of 209 with the SL of 218
Buy in the range of 253-255 for the Target of 261 with the SL of 250
OilpricesextendedtheirfreefallonFriday,flirtingwith11-yearlows,aftertheInternationalEnergyAgency(IEA)warnedthatglobaloversupplyofcrudecouldworsen
next year.Crude prices have fallen with little restraint since OPECabandoned itsoutputceiling of30million bpd.Led by No.1crude exporterSaudi Arabia andother
big Middle Eastoil producers such asIran and Iraq, the group pumped 31.7million bpd in November. Thatwas more oil than in any month pumped by OPEC since
late 2008. The IEA, which advises developed nations on energy, warned that demand growth was starting to slow. Brent and US crude's West Texas Intermediate
(WTI)futuresfellasmildpre-winterweatherandaplummeting USstockmarketaddedtothetollonoilprices.
Technical Outlook : On daily chart, the stock has formed Bearish Engulfing candlestick with above average volume, which shows accentuated selling pressure.
Moreover, stock has given negative breakout of its strong support of 220 level, which indicates that further downside is expected from the present level. A
momentumindicatorRSIreadingisat29.45levelwithnegativecrossover,andhasbeenreadingwithdownwardfallingtrendline,whichpointoutfornegativebreath
inthestock.Sofortradingperspective,onecouldSellintherangeof214-216fortheTargetof209withtheSLof218.
US stocks closed sharply lower on Friday, with the S&P 500 ending its worst week since August, as plunging crude oil
prices compounded investor nervousness on expectations for the first US interest rate hike in nearly a decade. Oil
dragged down market as a whole, as investors worried whether a weakness in commodities signalled a broader
slowdown. Furthermore, investors were worried about declines in China's yuan and in high-yield debt markets. Asian
equities were trading lower on Monday after a further slump in oil prices weighed on Wall Street on Friday.
Indian shares may open weak again, tracking Asian equities after crude oil fell again, this time setting under USD 36 to a
barrel, and ahead of a crucial Federal Reserve interest rate meeting. In Singapore, the SGX Nifty, a futures index tracking
the Indian market, is trading 50 points, or 0.67 percent, lower to 7,570, indicating a similar open for Indian shares. A
proportionate fall in the Sensex could mean it could test 25,000 in early trade, a level it is only 200 points away from.

Bulk Deal
Corporate Action / Result Calendar
Morning Tea
Corporate Action:
IDFC Bank Limited; Interest Payment
Result Calendar:
MRGNIND, RRFIN.
14th Dec 2015
Security in Ban
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 11/12/2015 532939 RPOWER RELIANCE INFRADEVELOPMENT PRIVATE LIMIT S 28000000 49.50
2 11/12/2015 532939 RPOWER RELIANCE INFRASTRUCTURE LIMITED B 28000000 49.50
3 11/12/2015 523642 PIIND SALIL SINGHAL S 8800000 610.72
4 11/12/2015 524470 SYNCOMF UNIVERSAL GOLDEN FUND B 8500000 4.85
5 11/12/2015 534060 PMCFIN VIPUL VIRENDRAKUMAR PATEL B 2457933 0.65
6 11/12/2015 534060 PMCFIN VIPUL VIRENDRAKUMAR PATEL S 2457931 0.69
7 11/12/2015 517300 GIPCL ICICI LOMBARD GENERAL INSURANCE COMPAN B 1000001 77.00
8 11/12/2015 523642 PIIND INDIA MIDCAP MAURITIUS LIMITED B 1000000 610.00
9 11/12/2015 523642 PIIND STICHTING DEPOSITARY APG EMERGING MARK B 950884 610.00
10 11/12/2015 511523 VEERHEALTH DARPAN DEEPAK SHAH S 917030 3.23
IBREALEST & UNITECH

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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
14th Dec 2015
Kunal Parmar
Digitally signed by Kunal Parmar
DN: cn=Kunal Parmar, o=Choice Equity
Broking Pvt Ltd., ou=Research Dept,
email=kunal.parmar@choiceindia.com, c=IN
Date: 2015.12.14 08:57:56 +05'30'

Choice - Morning Tea

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