The document provides a market summary and analysis from Choice Broking for January 11, 2017. It discusses the performance of US, Asian, and Indian markets the previous day. It also mentions the World Bank lowering its growth forecast for India to 7% and potential corporate actions and results. Choice Broking provides technical analysis and recommendations to buy two stocks, KESORAMIND and APOLLOTYRE, based on chart patterns and momentum indicators.

1. SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
11th Jan 2017
 US Market:
The S&P 500 ended the day unchanged on Tuesday as lower oil prices hurt energy stocks, offsetting advances in
healthcare and financial sectors, while the Nasdaq ended at another record high. The Dow's 20,000 milestone
remained elusive as it was weighed down by declines in IBM , Merck & Co , Exxon Mobil and Procter & Gamble .
Traders were holding fire ahead of the upcoming corporate earnings season and the January 20 inauguration after
which they expect a better sense as to whether President-elect Donald Trump will fulfil campaign promises of
fiscal stimulus, lower tax and lighter regulation. The Dow Jones Industrial Average ended down 31.85 points, or
0.16 percent, at 19,855.53, the S&P 500 was unchanged at 2,268.9 and the Nasdaq Composite added 20.00
points, or 0.36 percent, to 5,551.82.
 Asian Market:
Asian shares stood near two-month highs on Wednesday as investors looked to President-elect Donald Trump's
news conference later in the day for any clues to his policies on tax, fiscal spending, international trade and
currencies. While his plan for tax cuts and infrastructure spending has boosted US shares and the dollar, his
protectionist statements have kept many investors on guard. MSCI's broadest index of Asia-Pacific shares outside
Japan was little changed in early Wednesday trade. It stood at its two-month highs, essentially coming back to
where it was just before the US election after recovering from their losses of over five percent. Japan's Nikkei
ticked up 0.2 percent. The Indian equity market is expected to open flat to positive today tracking Asian indices.
SGX Nifty is trading at 8331 Up by 33 points.
 World Bank pares India’s growth forecast to 7%
 Govt. may stick to 3.5% fiscal deficit target for FY17'
 Rs 3-4L cr 'black money' deposited during note ban
 RIL invested Rs 1.25L cr. in Gujarat in last 4 yrs: Mukesh
 Gautam Adani promises to invest Rs 49K cr. in Gujarat
 KESORAMIND Buy in the range of 142-143.50 for Target of 150 with SL of 137
On a daily chart, the stock has formed a Marubozu 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 137.85 which shows that the stock could further accelerate its upside movement.
A momentum indicator RSI reading is at 60.05 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 142-143.50 for Target of 150 with SL of 137.
 APOLLOTYRE Buy in the range of 194-196 for Target of 202 with SL of 189
On a daily chart, the stock has formed a Bullish engulfing candlestick with above average volume which is a bullish
reversal indication and indicates for upside movement. Moreover, the stock has given close above its 21 days
moving average which is placed at 190.25 which shows that the stock could further accelerate its upside movement.
A momentum indicator RSI reading is at 56.55 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 194-196 for Target of 202 with SL of 189.
Stock in News
Global Update
As per Yester’s
Morning Tea,
GSFC Up by 5.56%

2. Result Calendar:
ALPHA, BANCOINDIA, ISFL, MPILCORPL & SOUTHBANK
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
11th Jan 2017
Corporate Action / Result Calendar
JPASSOCIAT & WOCKPHARMA
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 10/1/2017 531898 SANGUI ANUMITA INFRASTRUCTURE PRIVATE LIMITED S 9000000 0.13
2 10/1/2017 531898 SANGUI ETHAN CONSTRUCTIONS PRIVATE LIMITED B 6313355 0.13
3 10/1/2017 530885 AURUMSOFT AMARJIT SINGH KALRA B 6270120 0.52
4 10/1/2017 530885 AURUMSOFT CRESTA FUND LTD S 5143755 0.52
5 10/1/2017 532413 CEREBRAINT NIRAJ RAJNIKANT SHAH S 2700000 25.61
6 10/1/2017 538422 JACKSON GOLDENSIGHTCOMMOTRADE PVT LTD S 2500000 4.99
7 10/1/2017 532413 CEREBRAINT MANISH G. LAKHI B 1923720 26.25
7 10/1/2017 532413 CEREBRAINT SUDHEER MULLAPUDI S 1120000 26.26
7 10/1/2017 530885 AURUMSOFT J NARAYANAN S 1059675 0.52
7 10/1/2017 534731 BITL BHARAT KALABHAI KABIRA S 836525 1.40
Security in Ban
Bulk Deal

3. SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
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
Disclaimer
This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any
financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will
not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this
recommendation, but Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any
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
levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be
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
Broking has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or
warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of
publication and are subject to change without notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The
recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary
substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution,
modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell
any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that
investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment.
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.
11th 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: 2017.01.11 08:34:02 +05'30'