The document provides a daily market summary and analysis for November 17th, 2016. It discusses the performance of the US, Asian, and Indian markets the previous day. It also provides technical analysis and recommendations for two Indian stocks, TECHM and SUNPHARMA, suggesting buy and sell signals. Additionally, it lists several corporate actions and an upcoming earnings calendar. The document is the daily morning tea report from Choice Broking research analysts.

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Morning Tea
17th Nov 2016
 US Market:
The S&P 500 closed lower and the Dow ended a seven-day rally on Wednesday as financial stocks fell but gains in
technology stocks helped Nasdaq end the day higher. US stocks had been on a tear since the real estate
developer's surprise victory in the November 8 US presidential election. The Dow had closed higher for the
previous seven sessions, with the last four at record levels. The S&P financial sector ended its own seven-day rally
with a 1.4 percent decline. Both the Dow and S&P pared losses in choppy afternoon trading. The Dow Jones
industrial average closed down 54.92 points, or 0.29 percent, to 18,868.14, the S&P 500 lost 3.45 points, or 0.16
percent, to 2,176.94 and the Nasdaq Composite added 18.96 points, or 0.36 percent, to 5,294.58.
 Asian Market:
The dollar edged away from a 13-year peak on Thursday, following an easing of the week-long surge in Treasury
yields that was fuelled by hopes for the Trump administration's economic policies, and Asian stocks slipped on
Wall Street's overnight dip. The dollar index, which measures the greenback's strength against a basket of major
currencies, stood at 100.410 after climbing to 100.570 overnight, its highest since April 2003. MSCI's broadest
index of Asia-Pacific shares outside Japan was down 0.1 percent, having lost more than 1 percent so far this week
as the prospect of higher US interest rates under a Trump presidency has not been kind to emerging markets.
Japan's Nikkei lost 0.4 percent and Australian stocks shed 0.3 percent. The Indian equity market is expected to
open gap Up today tracking Asian indices. SGX Nifty is trading at 8129 Up by 27 points.
 Banks, POs to report cash deposits over Rs 2.5L
 Centre circulates draft GST law with states
 Cabinet may soon consider complete FDI ban in tobacco sector
 Iron-ore production jumps 25% in Apr-Sept
 Airtel may turn around Africa operations in FY18
 TECHM Buy in range of 441-444 for Target of 453 with SL of 436
On daily chart, stock formed hammer candlestick with above average volume which is a bullish reversal indication.
Moreover, stock has been trading above its 21 day moving average which is placed at 432.65 level which shows that
near term trend is up and stock could accelerate its upside movement from the present level. A momentum
indicator RSI reading is at 53.80 level with positive crossover which point out for positive breath in the stock. So for
trading perspective, one could Buy in range of 441-444 for Target of 453 with SL of 436.
 SUNPHARMA Sell in range of 667-670 for Target of 653 with SL of 677
On daily chart, stock has been facing strong resistance of its 21 day moving average which is placed at 710.30 level
which shows that near term trend is down and stock may further plunge from the present level. A momentum
indicator RSI reading is at 36.65 level with lower top formation which point out for negative breath in the counter.
So for trading perspective, one could Sell in range of 667-670 for Target of 653 with SL of 677.
Stock in News
Global Update

2. Sharda Cropchem Limited; Interim Dividend Rs 2/- Per Share
Wockhardt Limited; Interim Dividend Rs 10/- Per Share (Purose Revised)
Shriram Pistons & Rings Limited; Interim Dividend Rs 3/- Per Share
Credit Analysis And Research Limited; Interim Dividend Rs 6/- Per Share
Melstar Information Technologies Limited; Annual General Meeting
Karur Vysya Bank Limited; Fv Splt Frm Rs 10 To Rs 2
Kitex Garments Limited; Interim Dividend Re 0.75 Per Share
Larsen & Toubro Infotech Limited; Interim Dividend Rs 6.85 Per Share (Purpose Revised)
Gateway Distriparks Limited; Interim Dividend Rs 3/- Per Share (Purpose Revised)
Page Industries Limited; Interim Dividend Rs 25/- Per Share (Purpose Revised)
Amrutanjan Health Care Limited; Interim Dividend Rs 1.10 Per Share (Purpose Revised)
Allcargo Logistics Limited; Buy Back
Take Solutions Limited; Interim Dividend - Re 0.30 Per Share
Result Calendar:
ASHIANA, DEEPAKFERT & PETRONET
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
17th Nov 2016
Corporate Action / Result Calendar
DLF
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 16/11/2016 531337 IRISMEDIA LTS INVESTMENT FUND LTD S 2251798 12.16
2 16/11/2016 533605 PRAKASHCON RAJANI MANOHARLAL SIRWANI B 1168020 9.71
3 16/11/2016 531337 IRISMEDIA PURAN CHAND CHOUDHARY B 1082078 12.18
4 16/11/2016 533605 PRAKASHCON RAJANI MANOHARLAL SIRWANI S 624846 9.74
5 16/11/2016 532669 SBTL APMS INVESTMENT FUND LIMITED S 503600 7.20
6 16/11/2016 532259 APARINDS OCEAN DIAL GATEWAY TO INDIA MAURITIUS LIMITEDB 485000 560.00
7 16/11/2016 532259 APARINDS FID FUNDS (MAURITIUS) LTD S 454066 560.00
7 16/11/2016 526263 MOLDTEK UNO METALS LIMITED S 327000 43.94
7 16/11/2016 511147 WSFIN STOCKTALKS PRIVATE LIMITED B 125000 31.00
7 16/11/2016 532711 SUNILHITEC RAJANI MANOHARLAL SIRWANI B 111773 303.72
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
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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
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
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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
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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.
17th Nov 2016
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: 2016.11.17 08:40:53 +05'30'