The document discusses Indian Oil Corporation's (IOCL) board approval for expansion projects at its Barauni and Panipat refineries costing over Rs. 1,500 crore. It also provides a technical analysis for IOCL, recommending buying between Rs. 580-583 for a target of Rs. 595. A technical analysis is also given for HCL Technologies, recommending buying between Rs. 795-800 for a target of Rs. 816. Asian markets are cautiously higher to start the new quarter while the Indian market is expected to open flat to positive.

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Global View
India Update
Today’s Event/ Stock in News
State-owned oil & gas corporation, Indian Oil Corporation Ltd (IOCL) on Friday said that its board has accorded approval for the expansion of
Barauni Refinery and implementation of Olefin Recovery project along with expansion of exsiting Naptha Cracker unit, MEG revam and Benzene
Expansion unit modification. The company’s board has also accorded the in-principle approval for the implementation of Olefin Recovery project
along with expansion of exsiting Naptha Cracker unit, MEG revam and Benzene Expansion unit modification at Panipat at an estimated cost of Rs
1,527crore,itadded.
Technical Outlook: On daily chart, stock has given breakout of its symmetrical triangle pattern with above average volume, which indicates for
furtherupside movement. Moreover, stockhas taken supportofits21 daymoving average which isplacedat573.45 level whichshowsthattrend
is stillupandstock couldfurtheraccelerates its upsidemove. Amomentum indicatorRSI readingisat 57.05 level near to strongsupport of50 level
whichpointoutforpositivebreathinthestock.Sofortradingperspective,onecouldBuyinrangeof580-583 forTargetof595 withSLof574.
IOC
HCLTECH
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
03rd Oct 2016
Buy in range of 795-800 for Target of 816 with SL of 787
Buy in range of 580-583 for Target of 595 with SL of 574
HCL Technologies (HCL), a leading global IT services company, has said that it has been recognized for its leadership and integrated services value
proposition for the global capital markets by Everest Group. In the report titled “IT Outsourcing in Global Capital Markets – PEAK MatrixTM
Assessment2016”,HCLhasbeennamedamongtheLeaders,theprovidersthatdisplayleadershipindeliverycapabilitiesaswellasmarketsuccess.
The Everest Group report assessed the capabilities of 27 leading Applications Outsourcing service providers for their capabilities specific to the
globalcapitalmarketssector.TheseprovidersweremappedontheEverestGroupPerformance,Experience,Ability,Knowledge(PEAK)MatrixTM–
acompositeindexofarangeofdistinctmetricsrelatedtoeachprovider’scapabilityandmarketsuccess.
Technical Outlook: Ondaily chart, stockhas given close aboveits 100 day moving averagewhich is placed at794.55 levelwhich indicates
thatstockcouldpropelitsupsidemovementfromthepresentlevel.Moreover,stockhasbeentradingwithgoodsupportof785 levelsince
last many days, which shows for enough strength in the counter. A momentum indicator RSI reading is at 57.55 level with positive
crossover which point out for positive breath in the stock. So for trading perspective, one could Buy in range of 795-800 for Target of 816
withSLof787.
Asian shares began the new quarter cautiously firmer on Monday, while sterling took a spill as Britain set a March deadline to start divorce
proceedings from the EuropeanUnion. Justa hintofadealwas enough to nudge MSCI's broadest index of Asia-Pacific shares outside Japanup0.2
percent. The index climbed8.8 percent in the third quarter, itsbestperformance since early 2012. The Australian market added 0.6 percent, while
futuresNKc1pointedtoamodestopeninggainforJapan'sNikkei.TheIndianequitymarketisexpectedtoopenflattopositivetodaytrackingAsian
indices.SGXNiftyistradingat8660.50 Upby9.50points.
Wall Street rallied on Friday, lifted by a surge in Deutsche Bank shares and financial stocks after concerns eased about the health of the German
bank. The S&P financial sector gained 1.4 percent, its best day in about two months. Deutsche Bank's US-listed shares jumped 14 percent a day
after sinking to a record low. French news agency AFP reported that Deutsche Bank was nearing a USD 5.4 billion settlement with US officials over
charges related to selling toxic mortgage bonds. Germany's largest bankhas been engulfed bycrisisafter earlier this month receiving ademand for
up to USD 14 billion by the Department of Justice. US stocks had sold off sharply on Thursday, after Bloomberg reported that some hedge funds
had withdrawn excess cash and positions held at the German lender. The Dow Jones industrial average rose 164.7 points, or 0.91 percent, to
18,308.15, theS&P500gained17.14 points,or0.8percent,to2,168.27 andtheNasdaqCompositeadded42.85 points,or0.81percent,to5,312.

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Morning Tea
03rd Oct 2016
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Bulk Deal
Security in Ban
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 30/09/2016 513023 NBVENTURES HC MAURITIUS LIMITED S 996075 127.00
2 30/09/2016 524540 SECHE SHRIRAMCREDIT COMPANY LIMITED S 870000 1.28
3 30/09/2016 524540 SECHE PAVITRA MALL MANAGEMENT COMPANY PRIV B 860000 1.28
4 30/09/2016 530191 CHROMATIC PURAN CHAND CHOUDHARY S 500051 3.11
5 30/09/2016 526735 EXCAST PAYAL MADIYAR B 241000 3.10
6 30/09/2016 526735 EXCAST VALLABHJI SURJI THACKER B 241000 3.10
7 30/09/2016 526735 EXCAST PAYAL JAYESHBHAI MADIYAR S 241000 3.10
7 30/09/2016 532610 DWARKESH IVORY CONSULTANTS PVT LTD B 220000 243.77
7 30/09/2016 532610 DWARKESH NOMURA SINGAPORE LIMITED S 200000 243.53
7 30/09/2016 538496 TARINI GUINESS SECURITIES LIMITED S 159000 6.82
Corporate Action / Result Calendar
Result Calendar:
CCL

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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
Morning Tea
03rd Oct 2016
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Kunal Parmar
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Date: 2016.10.03 08:20:51 +05'30'