The document summarizes key developments in global and Asian stock markets as well as the expected opening of the Indian market. It notes that major US stock indexes hit record highs after comments from Janet Yellen supporting an interest rate hike in March. In Asia, stock indexes rose following gains on Wall Street. The Indian market is expected to open flat to positive tracking Asian markets. The document also provides commentary and recommendations on specific Indian stocks.

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Morning Tea
15th Feb 2017
 World Market:
 Major US stock indexes established record highs on Tuesday, led by bank stocks after Federal Reserve Chair Janet
Yellen said it would be unwise to wait too long to raise interest rates.
 Yellen said delaying rate hikes could force the US central bank to tighten monetary policy quicker down the line,
which could risk a recession. She also expressed uncertainty over economic policy under the Trump
administration.
 President Donald Trump's pro-business stance sparked a record-setting rally in stocks following his November
election. However, he has given scant detail on his policies, leaving the Fed with limited visibility about the
economy's future direction.
 The Dow Jones Industrial Average climbed 0.45 percent to end at 20,504.41 points, while the S&P 500 gained
0.40 percent to 2,337.58. The Nasdaq Composite added 0.32 percent to 5,782.57.
 Asian Market:
 Asian stocks rose early on Wednesday as Wall Street set record highs overnight after Federal Reserve Chair Janet
Yellen spoke in support of an interest rate hike next month, while the dollar hovered near three-week highs.
 The rise in US stocks nudged MSCI's broadest index of Asia-Pacific shares outside Japan to a 19-month high. The
index was up 0.3 percent early on Wednesday. Japan's Nikkei added 1 percent and Australian stocks rose 0.9
percent.
 The Indian equity market is expected to open flat to positive today tracking Asian indices. SGX Nifty is trading at
8843, Up by 22 points.
 Wipro plans a reboot to show it’s much more than IT
 Tata Motors profit dives 96% as JLR loses steam
 JSW Steel sole bidder for Monnet Ispat
 No merger talks with Union Bank: Dena Bank CMD
 DLF’s Q3 profit falls 46% to Rs98.14 crore
 JMFINANCIAL Buy in the range of 78-79 for Target of 82 with SL of 76
On a smaller time frame, the stock has been trading in a higher top higher bottom formation with ample volume which
indicates further upside movement in the counter. Moreover, the stock has been trading with a positive crossover of
21*50 days moving averages which show positive momentum in the counter. A momentum indicator RSI reading is at
66.90 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 78-79 for Target of 82 with SL of 76.
 NBCC Buy in the range of 285-287 for Target of 294 with SL of 282
On a smaller time frame, the stock has been trading in a higher top higher bottom formation with ample volume which
indicates further upside movement in the counter. Besides, the stock has been continuously trading with its strong
support of 21 days moving average which is placed at 274.15 level which shows that near to medium-term trend is up. A
momentum indicator RSI reading is at 72.60 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 285-287 for Target of 294 with SL of 282.
Stock/Sector - News
Global Update

2. NTPC Limited; Interim Dividend Rs 2.61/- Per Share (Purpose Revised)
Indian Hume Pipe Company Limited; Interim Dividend Re 1/- Per Share (Purpose Revised)
Poly Medicure Limited; Interim Dividend Re 1/- Per Share
Gulf Oil Lubricants India Limited; Interim Dividend Rs 3.50 Per Share
Result Calendar:
ADVLIFE, ASAHIINDIA, ASSOCER, BRPL, CESC, DDIL, GAMMONIND, GARGFUR,
INDOVATION, METROGLOBL, METROOV, NESTLEIND, RAJTV, SGFL, VARDHCH.
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
15th Feb 2017
Corporate Action / Result Calendar
BANKINDIA, CEATLTD, IFCI, JETAIRWAYS, JINDALSTEL, JPASSOCIAT, RCOM, UNIONBANK &
WOCKPHARMA
Security in Ban
Bulk Deal
Deal Date Security Code Security Name Client Name Deal Type Quantity Price
14/02/2017 531499 SYBLY DRISTI TEXTILE PRIVATE LIMITED S 1,300,000 6.38
14/02/2017 509077 PRESSMN PRADEEP KUMAR SARAF B 1,160,000 64.75
14/02/2017 531898 SANGUI SHRIRAMCREDIT COMPANY LIMITED S 1,090,000 1.61
14/02/2017 539962 QFSL FASTNER MACHINERY DEALERS PVT LIMITED S 826,000 4.14
14/02/2017 539962 QFSL MAKSUD KHAN MAKSUD B 757,566 4.13
14/02/2017 531898 SANGUI ANVITA REAL ESTATE PRIVATE LIMITED S 750,000 1.61
14/02/2017 509077 PRESSMN SUJATA SUCHANTI S 580,000 66
14/02/2017 509077 PRESSMN PRAMINA SUCHANTI S 580,000 63.5
14/02/2017 531337 IRISMEDIA PURAN CHAND CHOUDHARY S 510,000 16.65
14/02/2017 531337 IRISMEDIA ANUPAMNARAIN GUPTA B 505,000 16.65

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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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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.
15th Feb 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: 2017.02.15 08:45:57 +05'30'