The US stock market hit record highs on Friday as investors were optimistic about President-elect Trump's plans to stimulate the economy. Asian markets were poised to rise on Monday following the US jobs report that showed continued employment and wage growth. Two Indian stocks, Birla Corporation and Balrampur Chini Mills, were recommended for buying based on technical analysis showing strength in their share prices.

1. SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
09th Jan 2017
 US Market:
The Dow came within one point of 20,000 for the first time on Friday and the Nasdaq and S&P 500 reached record
highs, boosted by Apple, extending a two-month rally fuelled by optimism about US President-elect Donald Trump. Wall
Street has been on a tear since Trump won the US election in November, with the Dow up 9 percent as investors bet he
will stimulate the economy with lower taxes and infrastructure spending. While Friday's gains suggested the rally was
not yet over, some investors have grown cautious. The record trading session followed a US Labor Department report
that showed the economy added fewer-than-expected jobs last month but wages increased, suggesting resilience in the
labour market. The Dow Jones Industrial Average rose 64.51 points, or 0.32 percent, to end at 19,963.8 points. The
index rose as high as 19,999.63 but lost ground. Goldman Sachs rose 1.48 percent, helping the Dow more than any
other stock. The S&P 500 gained 7.98 points, or 0.35 percent, to 2,276.98, its highest close ever. The Nasdaq Composite
added 33.12 points, or 0.6 percent, to 5,521.06, also a record.
 Asian Market:
Asian stocks are poised to rise on Monday and the dollar firmed against a basket of currencies after the latest payrolls
data highlighted US jobs and wages growth. Financial markets will be carefully tuned to President-elect Donald Trump's
news conference on Wednesday with his views on global trade and China under close scrutiny, although investors would
be wary of chasing any big market moves higher. MSCI's ex-Japan Asia-Pacific shares index was broadly flat, holding near
one-month highs. Australia's S&P/ASX200 rose 0.5 percent. Japan is closed for a holiday. The Indian equity market is
expected to open flat to positive today tracking Asian indices. SGX Nifty is trading at 8269 Up by 1.50 points.
 No change in budget date, government to tell EC
 ONGC close to solution for $800 million projects stuck
 Sebi queries Tata firms on Mistry, Wadia allegations
 NTPC to step up sale on power exchanges
 Anti-avoidance tax rule to kick in from April 2017
 BIRLACORPN Buy in the range of 698-702 for Target of 730 with SL of 682
On a daily chart, the stock has formed a long bull candlestick with above average volume which indicates
accentuated buying activity during the last trading session. Moreover, the stock has given close above its 50 days
moving average which is placed at 679.17 which shows that the stock could further accelerate its upside movement.
A momentum indicator RSI reading is at 67.39 level with a positive crossover which points out for a positive breath
in the stock. So for trading perspective, one could Buy in the range of 698-702 for Target of 730 with SL of 682.
 BALRAMCHIN Buy in the range of 134-135.50 for Target of 140 with SL of 130
On a daily chart, the stock has resumed its upward journey after giving decent correction from its 52 weeks high.
Moreover, the stock has been trading above all its short to medium term averages with ample volume which shows
enough strength in the counter. A momentum indicator RSI reading is at 72.21 with a positive crossover which
points out for a positive breath in the stock. So for trading perspective, one could Buy in the range of 134-135.50 for
Target of 140 with SL of 130.
Stock in News
Global Update

2. Result Calendar:
8KMILES & SALEM
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
09th Jan 2017
Corporate Action / Result Calendar
JUSTDIAL & WOCKPHARMA
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 6/1/2017 532919 ACIASIA ETHAN CONSTRUCTIONS PRIVATE LIMITED S 10000000 0.14
2 6/1/2017 532919 ACIASIA ETHAN CONSTRUCTIONS PRIVATE LIMITED B 3034197 0.14
3 6/1/2017 531467 ARNAVCORP SILVERCADE TRADING PRIVATE LIMITED S 2107626 2.69
4 6/1/2017 531467 ARNAVCORP BP FINTRADE PRIVATE LIMITED B 529159 2.69
5 6/1/2017 531467 ARNAVCORP BP FINTRADE PRIVATE LIMITED S 500010 2.69
6 6/1/2017 534731 BITL PRATYAKSHYA SHAREBROKERS PVTLTD S 415900 1.40
7 6/1/2017 531934 SUPREMETEX URMILA DEBI B 415297 5.97
7 6/1/2017 534731 BITL BAKUL KALABHAI KABIRA S 381907 1.40
7 6/1/2017 534731 BITL BAKUL KALABHAI KABIRA B 381907 1.40
7 6/1/2017 534731 BITL BHARAT KALABHAI KABIRA B 370700 1.40
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.
09th Jan 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: 2017.01.09 08:19:20 +05'30'