- US stocks rose to new record highs on optimism about economic stimulus and tax cuts under President Trump. Unemployment claims fell, pointing to continued economic strength. - Asian shares were flat but on track for weekly gains. The ECB trimmed its asset purchase program but extended it longer than expected. - The document provides stock recommendations and analysis for FSL and JAIN IRRIGATION based on technical indicators, and includes a corporate action calendar and disclaimer.

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Morning Tea
09th Dec 2016
 US Market:
Major US stock indexes climbed again on Thursday and set fresh record highs as a month-long rally following the
presidential election of Donald Trump rolled on. Investors have driven up equities since Trump's November 8
election over optimism about domestic economic stimulus and reduced corporate taxes and regulations.
Supporting the upbeat sentiment on Thursday was a report that showed the number of Americans filing for
unemployment benefits fell from a five-month high last week, pointing to labour market strength that
underscored the economy's momentum. The Dow Jones industrial average rose 65.19 points, or 0.33 percent, to
19,614.81, the S&P 500 gained 4.84 points, or 0.22 percent, to 2,246.19 and the Nasdaq Composite added 23.59
points, or 0.44 percent, to 5,417.36.
 Asian Market:
Asian shares flat lined on Friday but were on track for robust weekly gains, while the euro caught its breath after
sliding when the European Central Bank trimmed the size of its asset purchase program and also extended it for
longer than many had expected. MSCI's broadest index of Asia-Pacific shares outside Japan wobbled close to the
previous session's close in early trading, poised for a weekly gain of 2.2 percent. Japan's Nikkei stock index was up
0.6 percent, up 2.4 percent for the week in which the dollar gained 0.6 percent against the yen. The Indian equity
market is expected to open gap up today tracking Asian indices. SGX Nifty is trading at 8279.50 Up by 41 points.
 SAIL reports net loss of Rs 732 crore for Q2 FY17
 JSPL's net loss narrows to Rs 746 cr in Jul-Sept qtr
 ECB to extend QE programme but at lower rate of 60 billion euros a month
 Bharti Airtel slashes prepaid tariffs to compete with Jio
 GMR Infra net loss widens to Rs. 700.34 cr
 FSL Buy in range of 38-38.60 for Target of 40 with SL of 37
On daily chart, stock has formed Bullish belt hold candlestick with above average volume which indicates
accentuated buying activity during last trading session. Moreover, stock has given close above its 21 day moving
average which is placed at 36.20 level which shows that trend has changed to up. A momentum indicator RSI
reading is at 56.46 level with positive crossover which point out for positive breath in the stock. So for trading
perspective, one could Buy in range of 38-38.60 for Target of 40 with SL of 37.
 JAIN IRRIGATION Buy in range of 89.50-90.50 for Target of 93 with SL of 88
On daily chart, stock has formed bullish hammer candlestick which is a bullish reversal candlestick and indicates for
upside movement. Moreover, stock has given close above its 21 day moving average which is placed at 88.90 level
which shows that trend has changed to up. A momentum indicator RSI reading is at 48.97 level with positive
crossover which point out for positive breath in the stock. So for trading perspective, one could Buy in range of
89.50-90.50 for Target of 93 with SL of 88.
Stock in News
Global Update

2. Nestle India Limited; Interim Dividend Rs 16/- Per Share (Purpose Revised)
Indian Hume Pipe Company Limited; Bonus 1:1
Result Calendar:
AHLEAST, DBREALTY, DLF, DPL, GAYAPROJ, GIPCL, JINDALSTEL, JKIL, JPINFRATEC, JPPOWER, LITL,
MERCATOR, MONNETISPA, NET4, NLCINDIA, NMDC, ORISSAMINE, ROLTA, SIMPLEX, SJVN,
TARAJEWELS, USHAMART & WELENT.
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
09th Dec 2016
Corporate Action / Result Calendar
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 8/12/2016 534597 RTNINFRA RATNABALI CAPITAL MARKETS LIMITED S 11314118 3.00
2 8/12/2016 507892 WINSOMEDJ PRIME INDIA INVESTMENT FUND LIMITED S 831706 0.38
3 8/12/2016 534731 BITL competent textiles pvt ltd S 599988 1.86
4 8/12/2016 534731 BITL BAKUL KALABHAI KABIRA B 520780 1.92
5 8/12/2016 532937 KUANTUM COMBINE OVERSEAS LTD S 315000 400.00
6 8/12/2016 532937 KUANTUM ESTEEM FINVENTURES LIMITED B 315000 400.00
7 8/12/2016 534731 BITL BHARAT KALABHAI KABIRA B 300000 1.86
7 8/12/2016 534731 BITL BAKUL KALABHAI KABIRA S 230616 1.89
7 8/12/2016 534731 BITL MUKESH DHIRAJLAL MAHETALIA S 189650 2.02
7 8/12/2016 526687 POLOHOT BALBIR SINGH S 128010 10.84
Security in Ban
Bulk Deal

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Morning Tea
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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
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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 Dec 2016
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: 2016.12.09 08:35:05 +05'30'