The US and Asian stock markets closed lower as investors awaited corporate earnings reports and details on Trump's economic policies. In India, the equity market is expected to open flat to positive tracking Asian indices. Two stocks, Torntpower and Crompton Greaves, are recommended as buy opportunities based on technical analysis showing breakouts and rising momentum. The document also provides a corporate action calendar and details of bulk deals by various investors.

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13th Jan 2017
 US Market:
The three major US stock indexes closed lower on Thursday as investors waited for fourth-quarter corporate
earnings and details of US President-elect Donald Trump's economic policy eight days ahead of his
inauguration. While stocks pared losses as the session wore on, all but four of the S&P 500's 11 sectors
ended lower, with financials leading the decline a day ahead of the first major earnings reports in that sector.
The S&P had risen 6.4 percent since the Nov. 8 election. The Dow Jones Industrial Average fell 63.28 points,
or 0.32 percent, to close at 19,891, the S&P 500 dropped 4.88 points, or 0.21 percent, to 2,270.44 and the
Nasdaq Composite dipped 16.16 points, or 0.29 percent, to 5,547.49.
 Asian Market:
Asian shares dipped on Friday but remained on track for weekly gains while the dollar was poised for a losing
week, as investors weighed whether President-elect Donald Trump would stress growth-boosting steps when
he takes office. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 percent, after rising
to its highest levels since late October in the previous session. It was up 1.8 percent for the week. Japan's
Nikkei stock index rose 0.4 percent, on track to shed 1.2 percent for the week. The Indian equity market is
expected to open flat to positive today tracking Asian indices. SGX Nifty is trading at 8446.50 Up by 19.50
points.
 India's share in world GDP to reach 17% this yr: PwC
 Guj signs Rs 77,000-cr MoU with Rlys for bullet train.
 AG clears way for Rs 3,050 cr. penalty on Airtel, Voda.
 TCS CEO N Chandrasekaran is new chairman of Tata Sons.
 BoB declares 200 borrowers as wilful defaulters.
 TORNTPOWER Buy in the range of 185-186.50 for Target of 194 with SL of 181.30
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 breakout of its range bound move which
signifies robust upside movement in the counter. A momentum indicator RSI reading is at 64.45 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
185-186.50 for Target of 194 with SL of 181.30.
 CROMPGREAV Buy in the range of 64-65 for Target of 69 with the SL of 62
On a daily chart, the stock has been trading above its 21 days moving average which is placed at 59.65 level which shows
that near to medium term trend has changed to up. Moreover, the stock has given good upside movement with healthy
volume which indicates that further upside movement would be there. A momentum indicator RSI reading is at 57.55
level with a positive crossover which points out for positive breath in the stock. So for trading perspective, one could Buy
in the range of 64-65 for Target of 69 with the SL of 62.
Stock in News
Global Update

2. Goa Carbon Limited; Results/Dividend
Result Calendar:
AURUMSOFT, GOACARBON, GRUH, ICSL, IL&FSTRANS, INFY, INTEGHIT, MCX,
NATNLSTEEL, OCTAVE, PROVEST, RASRESOR, TRIUMPIN.
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Morning Tea
13th 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 12/1/2017 530885 AURUMSOFT APMS INVESTMENT FUND LTD S 3000000 0.56
2 12/1/2017 530885 AURUMSOFT AMARJIT SINGH KALRA B 2982000 0.56
3 12/1/2017 531934 SUPREMETEX URMILA DEBI S 492989 6.80
4 12/1/2017 517498 WEBELSOLAR PROSPEROUS VYAPAAR PRIVATE LIMITED S 400000 53.25
5 12/1/2017 517498 WEBELSOLAR PARTON COMMERCIAL PRIVATE LIMITED B 400000 53.25
6 12/1/2017 534731 BITL BHARAT KALABHAI KABIRA S 318878 1.40
7 12/1/2017 534731 BITL BAKUL KALABHAI KABIRA B 318763 1.40
7 12/1/2017 539760 RELICAB ARYAMAN BROKING LIMITED S 180000 35.25
7 12/1/2017 534731 BITL BAKUL KALABHAI KABIRA S 130022 1.41
7 12/1/2017 531196 GAGANPO ANJU R MAHESHWARI S 107500 2.82
Security in Ban
Bulk Deal

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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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Instrument (s): - No.
13th 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: 2017.01.13 08:45:48 +05'30'