The document provides a morning market update and analysis from Choice Broking. It summarizes the performance of US, Asian, and expected Indian markets. It also lists recent corporate actions and result calendar. Technical recommendations are provided to buy DCB and Britannia stocks. Bulk deals from the previous day are listed. Contact details for the research team are provided. The disclaimer notes that the recommendations are solely for information and should not be considered investment advice.

1. SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
12th Jan 2017
 US Market:
US stocks ended higher after a choppy day on Wednesday as energy and technology gains countered a drop in
healthcare stocks after President-elect Donald Trump said pharmaceutical companies were "getting away with murder"
by charging high prices. The Nasdaq ended the day with another record closing high after falling as much as 0.5 percent
after Trump's first formal news conference since the Nov. 8 election. The S&P 500 healthcare index ended the session
down 1 percent after falling as much as 1.9 percent earlier in the day and the Nasdaq biotechnology index sank 2.96
percent, ending a six-day winning streak for both indexes. However, the sector's pain eased as the session wore on as
money managers noted that Trump gave no new specific details on his healthcare proposals. The Dow Jones Industrial
Average closed up 98.75 points, or 0.5 percent, to 19,954.28, the S&P 500 gained 6.42 points, or 0.28 percent, to
2,275.32 and the Nasdaq Composite added 11.83 points, or 0.21 percent, to 5,563.65.
 Asian Market:
Asian shares traded mixed following a choppy session in the US with stocks ending higher after President-elect Donald
Trump held a raucous and freewheeling press conference that analysts said was sparse on economic policy details. The
news conference concluded with Donald Trump, who will be inaugurated as the 45th President of the United States on
January 20, not providing further clarity on his proposed policies. Australia's ASX 200 gained 0.29 percent, supported by
its energy sub-index, which was up 0.61 percent, and its materials sub-index, which gained 0.65 percent. Japanese
benchmark Nikkei 225 dropped 0.91 percent, as the yen strengthened against the dollar. In South Korea, the Kospi was
up 0.24 percent. Hong Kong's Hang Seng was up 0.09 percent. The Indian equity market is expected to open flat to
positive today tracking Asian indices. SGX Nifty is trading at 8423 Up by 26 points.
 Mistry files contempt plea against Tata Trusts
 Mahindra plans to sell minority stake in agri. unit to PEs
 World Bank cuts Indian GDP growth for FY17 to 7%
 Welspun to invest Rs 4,000 cr. on 3 large textile projects in Gujarat.
 Oil rises by most in over a month on weak dollar after Donald Trump's conference
 DCB Buy in the range of 116-117.50 for Target of 121 with SL of 114.50
On a daily chart, the stock has formed a Bullish belt hold candlestick with above average volume which indicates
accentuated buying activity during the last trading session. Moreover, the stock has given breakout of its range bound
move which signifies robust upside movement in the counter. A momentum indicator RSI reading is at 65.16 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 116-117.50 for Target of 121 with SL of 114.50.
 BRITANNIA Buy in the range of 2965-2980 for Target of 3070 with SL of 2920
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 2901.05 which shows that the stock could further accelerate its upside movement. A momentum
indicator RSI reading is at 57.78 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 2965-2980 for Target of 3070 with SL of 2920.
Stock in News
Global Update

2. Balrampur Chini Mills Limited; Buy Back
Vardhman Acrylics Limited; Buyback
Dhanuka Agritech Limited; Buy Back
Oil India Limited; Bonus 1:3
Result Calendar:
AMAL, BAJAJCORP, BALFC, CYIENT, INDAG, NHPC, RIIL, TCS, ZEELEARN & ZGAEKWAR
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
12th Jan 2017
Corporate Action / Result Calendar
CENTURYTEX, IBREALEST, JINDALSTEL, 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.
12th 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: 2017.01.12 08:46:00 +05'30'