The document provides a morning market summary and analysis on March 9th, 2017. It discusses movements in global markets, with US markets dipping as energy stocks declined over 5% on rising inventories. Asian markets were mixed as China inflation data was released. The Indian market is expected to open lower tracking Asian indices. Two stocks, Aegischem and Marksans, are recommended as buy trades. The document also provides corporate actions, result calendar, and disclaimer.

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Morning Tea
09th March 2017
 World Market:
 The S&P 500 and the Dow Jones Industrial Average dipped on Wednesday as energy stocks suffered their worst
drop in nearly six months. The energy sector, slumped 2.5 percent for its biggest decline since mid-September. Oil
prices tumbled more than 5 percent in the wake of a much stronger-than-expected rise in US inventories.
 Also moving lower were interest rate-sensitive real estate stocks , off 1.5 percent, after the ADP National
Employment report showed the U.S. private sector added 298,000 jobs last month, well above expectations for a
190,000 increase.
 Traders now price in an 85.2-percent chance of a rate increase, according to Thomson Reuters data, up from 30
percent at the start of last week following hawkish comments from a string of Federal Reserve officials, including
Chair Janet Yellen.
 The Dow Jones Industrial Average fell 69.17 points, or 0.33 percent, to 20,855.59, the S&P 500 lost 5.41 points, or
0.23 percent, to 2,362.98 and the Nasdaq Composite added 3.62 points, or 0.06 percent, to 5,837.55.
 Asian Market:
 Asian equities were a mixed picture, as traders digest China's February inflation data and track crude oil prices.
China's producer price index (PPI) jumped more than expected by 7.8 percent in February from the previous
year, the fastest pace since Sept. 2008. In contrast, consumer prices slowed, to 0.8 percent year-on-year, its
slowest pace since January 2015.
 The Shanghai composite was down 0.7 percent and the Shenzhen composite fell 0.59 percent. Hong Kong's Hang
Seng plunged 0.96 percent. Japan's Nikkei 225 was up 0.1 percent, slipping from earlier increases.
 The Indian equity market is expected to open gap down today tracking Asian indices. SGX Nifty is trading at 8908,
Down by 48 points.
 The Indian Sugar Mills Association (ISMA) has revised its sugar output.
 Renuka Sugars issues shares worth Rs 27 cr to Standard Chartered.
 Uday Kotak sells 1.5% stake in Kotak Mahindra for Rs 2,255 cr.
 Dr Reddy's gets 13 USFDA observations for Duvvada plant.
 Music Broadcast IPO oversubscribed 39.45 times on last day.
 AEGISCHEM Buy in the range of 203-205 for Target of 211 with SL of 197
On a daily chart, the stock has formed Hammer candlestick which is a bullish reversal candlestick and indicates for
upside movement. Moreover, the stock has formed Marubozu candlestick with good volume which also suggests
upside move in the counter. A momentum indicator RSI reading is at 63.58 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 203-205 for
Target of 211 with SL of 197.
 MARKSANS Buy in the range of 49-50 for Target of 53 with SL of 47.50
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 a strong support of 47.50 level
which acted as strong support in past as well. A momentum indicator RSI reading is at 63.58 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 49-50 for Target of 53 with SL of 47.50.
Stock/Sector - News
Global Update

2. IDFC Bank Limited; Buy Back
IDFC Bank Limited; Interest Payment/Buy Back
Zydus Wellness zimited; Interim Dividend Re 6.50 Per Share (Purpose Revised)
Harita Seating Systems Limited; Interim Dividend Rs 3/- Per Share (Purpose Revised)
National Aluminium Company Limited; Interim Dividend Rs 2.80 Per Share (Purpose Revised)
Housing Development Finance Corporation Limited; Interim Dividend Rs 3/- Per Share
(Purpose Revised)
GAIL (India) Limited; Bonus 1:3
Savita Oil Technologies Limited; Interim Dividend Rs 13.50 Per Share
Phillips Carbon Black Limited; Interim Dividend Rs 6/- Per Share
Kingfa Science & Technology (India) Limited; Rights 18:91 @ Prem Rs 740
Result Calendar:
ANULABS
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
09th March 2017
Corporate Action / Result Calendar
JETAIRWAYS, JINDALSTEL & JPASSOCIAT
Security in Ban
Bulk Deal
Deal Date Security Code Security Name Client Name Deal Type Quantity Price
8/3/2017 500247 KOTAKBANK UDAY SURESH KOTAK S 27,600,000 817
8/3/2017 500247 KOTAKBANK CAISSE DE DEPOT ET PLACEMENT DU QUEBEC B 18,400,000 817
8/3/2017 500247 KOTAKBANK CANADA PENSION PLAN INVESTMENT BOARD B 9,200,000 817
8/3/2017 534741 VIRTUALG USHA RANI MEENAVALLI S 3,815,000 5.79
8/3/2017 539725 GOKULAGRO ANAND RATHI DIRECT INDIA PRIVATE LIMITED S 2,837,946 34.3
8/3/2017 539725 GOKULAGRO RATHI GLOBAL B 2,837,946 34.3
8/3/2017 532843 FORTIS VEMF-A , LP B 2,734,320 178.5
8/3/2017 538564 JAMESWARREN VINAY KUMAR GOENKA S 1,181,505 140.5
8/3/2017 538564 JAMESWARREN ASHDENE INVESTMENTS LIMITED B 1,181,505 140.5
8/3/2017 508494 WARRENTEA VINAY KUMAR GOENKA B 1,181,505 140.5

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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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inadvertent error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology, price patterns and volume
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contrary to recommendations issued by Choice Broking in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice
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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 March 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: 2017.03.09 08:46:14 +05'30'