Choicebroking: #Morningtea : US stocks fell on Friday as a decline in oil prices added to pressure from consumer...

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Global View
India Update
Today’s Event/ Stock in News
Public sector lender UCO Bank has posted a net loss of about Rs 1,715.16 crore for the fourth quarter ended 31 March 2016,
weighed down by rise in provisioning on account of bad and stressed assets. The Bank had posted net profit of Rs 209.28 crore in
the same period last year, it said in a filing to the Bombay Stock Exchange. During the quarter under review, total income of the
Bank slipped 10 per cent to Rs 4745.48 crore from Rs 5263.36 crore in the corresponding month last year. Kolkata-based UCO
Bank made a provision of Rs 2,345 crore towards stressed loans in Q4, up from Rs 968 crore in the year ago period and Rs 2,361
crore in the December quarter.
Technical Outlook: On daily chart, stock has given breakout of its 36 level which acted as good support in past, with above
average volume, which indicates for accentuated selling pressure in last trading session. Moreover, stock has been trading below
its 100 day moving average since last Aug-14, which shows that near to medium term trend is down. A momentum indicator RSI
reading is at 30.47 level with negative crossover, which point out for negative breath in the stock. So for trading perspective, one
could Sell in the range of 33.50-34 for the Target of 32 with the SL of 34.75
UCOBANK
AKZOINDIA
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
16th May 2016
Buy in the range of 1350 - 1360 for the Target of 1390 with the SL of 1335
Sell in the range of 33.50-34 for the Target of 32 with the SL of 34.75
Paints and coatings maker AkzoNobel India today reported an increase of 17.76 percent in its standalone net profit at Rs 52.57
crore for the fourth quarter ended on March 31, 2016. It had posted a net profit of Rs 44.64 crore in the January-March quarter a
year ago, AkzoNobel said in a statement. AkzoNobel's net sales during the quarter under review stood at Rs 662.45 crore, up
14.65 percent, as against Rs 577.76 crore in the same period of the previous fiscal. For FY 2015-16, AkzoNobel reported a
standalone net profit of Rs 202.10 crore, up 8.47 percent, as against a net profit of Rs 186.31 crore in the previous fiscal.
Technical Outlook: On daily chart, stock has been trading in an ascending triangle formation which is a bullish reversal pattern,
however for robust movement stock needs to give breakout of upper arm of formation. Besides, stock has been trading above its
100 day moving average which is placed at 1322.30 level, which shows that near to medium term trend is up and stock could
accelerates its upside movement from the present level. A momentum indicator RSI reading is at 58.35 level with positive
crossover, which point out for positive breath in the stock. So for trading perspective, one could Buy in the range of 1350-1360
for the Target of 1390 with the SL of 1335.
US stocks fell on Friday as a decline in oil prices added to pressure from consumer companies after gloomy quarterly reports from
Nordstrom and J.C. Penney overshadowed upbeat April retail sales data. The decline in the department stores' shares marked the
end of a week that highlighted the expanding clout of Amazon.com and the plight of brick-and mortar retailers struggling to keep
up with the online seller. Crude prices slipped as a stronger dollar weighed and investors cashed in on gains from a three-day
rally. That pushed the S&P energy index down 1.25 percent. US retail sales jumped 1.3 percent last month, the largest gain since
March 2015 and a bigger rise than economists expected, the U.S. But consumer stocks, which have already been under pressure
this week after a string of feeble earnings reports, fell again after Nordstrom and J.C. Penney reported lower-than-expected sales.
The Indian equity market is expected to open in red on the back of mixed cues from Asian trade in the early hours of Monday’s
session. Chinese economic data released over the weekend showed industrial output eased. SGX Nifty was trading at 7796.00
down 33.50 points at the time of writing. With the Dow Jones industrial average and S&P 500 finishing below their 50-day moving
averages, Wall Street closed lower on Friday. In Europe, markets closed on a positive note on Friday, as investors digested
another set of earnings reports and tried to shake off the decline in oil prices. End of week, US oil prices ended down as a
strengthened dollar made it more expensive to hold oil positions.

2. SEBI Certified – Research Analyst www.choiceindia.com
Bulk Deal
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
16th May 2016
Security in Ban
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 13/05/2016 535387 LAKHOTIA SANWARIA VINCOMMPRIVATE LIMITED S 925000 7.98
2 13/05/2016 535387 LAKHOTIA GAZI ESTATES PRIVATE LIMITED B 925000 7.98
3 13/05/2016 532413 CEREBRAINT VIRAL DINESH SHAH S 614810 13.68
4 13/05/2016 532413 CEREBRAINT VIRAL DINESH SHAH B 614810 13.65
5 13/05/2016 503669 KKFIN HANUMAN FREIGHT AND CARRIERS PRIVATE LI B 500000 5.05
6 13/05/2016 503669 KKFIN HRISHIKESH IMPEX PRIVATE LIMITED S 500000 5.05
7 13/05/2016 539760 RELICAB SAJANKUMAR RAMESHWARLAL BAJAJ B 204000 20.59
8 13/05/2016 539760 RELICAB KAVITA SHASHI CHOUDHARY S 204000 20.59
9 13/05/2016 531699 SUPRDOM NEERAJ ARORA B 183196 6.15
10 13/05/2016 531699 SUPRDOM NEERAJ ARORA S 168909 5.46
Corporate Action:
Result Calendar:
ADVANIHOTR, APCOTEXIND, ASAHINFRA, ASHFL, ASHSI, BENTCOM, BFINVEST, BFUTILITIE, BRIGADE,
CHOKSI, DIAMINESQ, EXCELCROP, FRASER, GANDHITUBE, GUJFLUORO, GUJPOLYA, HAZOOR,
INEOSSTYRO, JKTYRE, JTAPARIA, LEADFIN, LEHAR, MAANALU, MAJESAUT, MANGALAM,
MNKALCOLTD, MNKCMILTD,MUKATPIP, NATIONSTD, NBCC, NUTRA, ONWARDTEC, PASARI, PCS, PEL,
PENPEBS, PETRONET, PIONDIST, PNBGILTS, PODDAR, RADIXIND, RAPIDIN, RAYALEMA, SAFARIND,
SELLWIN, SHETR, SHREESEC, SOLARINDS, SRGSFL, STAR, STRLGUA, TATACOFFEE, TFCILTD, TRF,
TRIVENI, TUMUSEL, VCCLLTD, VIMTALABS, YASTF, ZSHERAPR & ZSPEEDCO
Corporate Action / Result Calendar
IBREALEST, JINDALSTEL & ORIENTBANK

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Research Team
Mr. Sumeet Bagadia Associate Director
Kunal Parmar Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Kapil Shah Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Morning Tea
16th May 2016
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Kapil Shah
Digitally signed by Kapil Shah
DN: cn=Kapil Shah, o=Choice Equity Broking Pvt Ttd.,
ou=Research Department,
email=kapil.shah@choiceindia.com, c=IN
Date: 2016.05.16 08:53:00 +05'30'