The S&P 500 fell for a fourth consecutive session weighed by sectors sensitive to economic growth amid disappointing earnings and lingering concerns over Trump's priorities. Asian shares were mixed as investors parsed economic data from Asia ahead of the FOMC meeting. The Indian market is expected to open higher tracking Asian indices. Stocks mentioned include ABFRL recommended for buy and IDFC recommended for sell based on technical analysis.

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Morning Tea
01st Feb 2017
 World Market:
The S&P 500 fell on Tuesday for a fourth consecutive session, weighed by sectors sensitive to economic growth amid
disappointing earnings and lingering concern over the priorities of the Trump administration. US President Donald
Trump met with top executives from some of the biggest drugmakers in a move seen as lowering tensions that have
kept drug stocks in check since the presidential election. But some worried that Trump's focus was not on the issues that
triggered a market rally after his election, like tax reform and a fiscal stimulus. The Dow Jones Industrial Average fell
107.04 points, or 0.54 percent, to 19,864.09, the S&P 500 lost 2.03 points, or 0.09 percent, to 2,278.87 and the Nasdaq
Composite added 1.07 points, or 0.02 percent, to 5,614.79.
 Asian Market:
Asian shares were mixed on Wednesday as investors parsed through economic data out of Asia ahead of the FOMC
meeting announcements. Japan's Nikkei 225 recovered from earlier losses of more than 0.5 percent to trade down
0.08 percent, breaking away from the correlation of a weaker yen hurting the benchmark index. Australia's ASX 200
was up 0.36 percent, underpinned by its gold sub-index, which was up 1.11 percent and its energy sub-index, which
gained 1.12 percent. Over in South Korea, the benchmark Kospi added 0.5 percent, after trade data showed that
January exports jumped 11.2 percent from the previous year, at its fastest pace of growth since 2012. The Indian
equity market is expected to open gap up today tracking Asian indices. SGX Nifty is trading at 8600 Up by 24 points
 Eco Survey hints at demonetisation ‘windfall’ doles in Budget.
 ONGC's December quarter net triples to Rs 4,352 crore.
 IDFC net profit falls 43% to Rs 101 cr in Q3.
 Bajaj Auto Q3 net profit down 5.27% at Rs 976.82 cr.
 Note ban may delay banks’ asset quality recovery: Fitch
 ABFRL Buy in the range of 149-151 for Target of 158 with SL of 145
On a daily chart, the stock has been trading in a higher top higher bottom formation since last many days. Moreover, the
stock has been trading with positive crossover of 21*50 days moving average which shows positive momentum in the
stock. A momentum indicator RSI reading is at 65.22 level with a positive crossover which points out for positive breath in
the counter. So for trading perspective, one could Buy in the range of 149-151 for Target of 158 with SL of 145.
 IDFC Sell in the range of 55-56 for Target of 52 with SL of 57.50
On a daily chart, the stock has given close below its 200 days moving average which is placed at 55.65 level which shows
that stock has lost its strength and may further plunge from the present level. Moreover, the stock has been trading in a
lower top lower bottom formation on an hourly chart which indicates weakness in the counter. A momentum indicator
RSI reading is at 42.90 level with a negative crossover which points out for negative breath in the counter. So for trading
perspective, one could Sell in the range of 55-56 for Target of 52 with SL of 57.50.
Stock in News
Global Update

2. HCL Technologies Limited; Interim Dividend Rs 6/- Per Share (Purpose Revised)
Rane Brake Lining Limited; Interim Dividend Rs 6/- Per Share
Result Calendar:
ALKYLAMINE, ALNATRD, AMBIKCO*, APARINDS, APOLLOTYRE, APOORVA, BASF, CCL, CNIRESLTD,
CUMMINSIND, EICHERMOT, EQUITAS, FAIRCHEM, FUTSOL, GANECOS, GPPL, GRINDWELL, HIKAL,
HIMATSEIDE, IDEAOPT,INDUNISS, INOVSYNTH, KAYA, MAHASTEEL, MISHTANN, MJCO, NOBPOL,
PIDILITIND, PTL, RAUNAQEPC, RAVALSUGAR, RENUKA, RPGLIFE, SAFALHBS, SBT, SIRHIND, SUVEN,
TAJGVK, TATAGLOBAL.
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
01st Feb 2017
Corporate Action / Result Calendar
IBREALEST & JINDALSTEL
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 31/01/2017 532843 FORTIS REXCIN FINANCE PVT LTD S 3003125 186.05
2 31/01/2017 539545 APOORVA AVAIL FINANCIAL SERVICES PVT. LTD. S 1830930 4.56
3 31/01/2017 539545 APOORVA KD STOCK BROKING PRIVATE LIMITED B 1830930 4.56
4 31/01/2017 524642 SIKOZY KSHITI RISHIT MANIAR B 807000 0.63
5 31/01/2017 524642 SIKOZY KAMLESH KANTILAL DESAI S 807000 0.63
6 31/01/2017 534731 BITL BAKUL KALABHAI KABIRA S 608040 1.42
7 31/01/2017 534731 BITL BHARAT KALABHAI KABIRA B 575000 1.42
7 31/01/2017 538433 CCFCL DHANLAXMI BUILDERS AND DEVELOPERS PRIV S 516550 4.55
7 31/01/2017 538433 CCFCL SANDISH KUMAR H N B 500000 4.55
7 31/01/2017 531934 SUPREMETEX SINDIA INVESTMENT GROUP PTE LIMITED S 400000 4.71
Security in Ban
Bulk Deal

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Morning Tea
Contact Us
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.
01st Feb 2017
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: 2017.02.01 08:53:30 +05'30'