The document provides a morning market summary and analysis on January 18th, 2017. It discusses movements in US, Asian, and Indian markets. US stocks fell as earnings season began and concerns grew around Trump's trade policies. Asian markets also declined due to a weaker dollar and yen following Trump's comments. In India, the equity market is expected to open flat to positive tracking Asian indices. The document also provides recommendations to buy two stocks, GSPL and HCL-INSYS, based on technical analysis showing positive momentum.

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Morning Tea
18th Jan 2017
 World Market:
US stocks fell on Tuesday, with financials, transports and other big post-election gainers losing ground as earnings
season kicked into gear. Also weighing on stocks were concerns about protectionist trade policies planned by US
President-elect Donald Trump. The concerns pushed the dollar to its lowest in more than a month and bond yields
down as investors cut risk. The S&P 500 financial index, which has rallied since the election on expectations of higher
interest rates and reduced regulation under Trump, had its worst day since June 27 and led sector losses. It fell 2.3
percent. Biotech and pharma stocks declined after Trump said in a Washington Post interview he would target
companies over drug pricing and that he was ready to unveil a plan to replace Obamacare. The Nasdaq biotech index
was down 2 percent. The Dow Jones Industrial Average ended down 58.96 points, or 0.3 percent, to 19,826.77, the S&P
500 lost 6.75 points, or 0.3 percent, to 2,267.89 and the Nasdaq Composite dropped 35.39 points, or 0.63 percent, to
5,538.73.
 Asian Market:
Currency swings overnight weighed on Asian equities Monday, following President-elect Donald Trump's jolting
comments that the dollar is too strong, prompting the greenback to fall to a one-month low. Trump made his comment
about that the dollar was "too strong" which makes it hard for American companies to compete with China, in an
interview with the Wall Street Journal. Down Under, the ASX 200 fell 0.55 percent in early trade, weighed heavily by its
heavily-weighted financials sub-index. Japan's Nikkei 225 fell 0.39 percent as the dollar/yen falls below the 113 handle
and as financial stocks weigh. A stronger yen is generally seen as a negative for Japanese stocks as it impacts the
competitiveness of Japanese exports and lessens profits earned overseas when repatriated. The Indian equity market is
expected to open flat to positive today tracking Asian indices. SGX Nifty is trading at 8417.50 Up by 9.50 points.
 Indian GDP projected to grow by 7.7% in FY17: UN
 Many PSU banks may skip dividend payout this fiscal
 Vedanta, Jain Irrigation sell dollar bonds overseas
 Videocon Telecom to shut operations from Feb 15
 Tata Elxsi looks to test driverless cars on Bengaluru roads
 GSPL Buy in the range of 143-145 for Target of 150 with SL of 140
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 close above its 200 days moving average
which is placed at 143 level which shows that the stock has enough strength to move ahead. A momentum indicator RSI
reading is at 57.71 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 143-145 for Target of 150 with SL of 140.
 HCL-INSYS Buy in the range of 61-62 for Target of 65 with SL of 58.50
On a daily chart, yesterday the stock has positively engulfed its last three days negative move with above average volume.
Moreover, the stock has been continuously trading above its 21 days moving average which is placed at 58.65 level which
shows that near-term trend is up. A momentum indicator RSI reading is at 58.95 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 61-62 for Target of
65 with SL of 58.50.
Stock in News
Global Update

2. Result Calendar:
AREYDRG, ATFL, BESTSTEEL, HATSUN, HINDOILEXP, HMVL, HRMNYCP, IPAPPM,
KIRLOSIND, KPIT, MUTHTFN, PHILIPCARB, REPRO, RSSOFTWARE, SASKEN, STANROS,
STRTECH, SURANAIND, TNTELE, TRELCHE-B, TRIDENT.
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
18th Jan 2017
Corporate Action / Result Calendar
CENTURYTEX, HDIL, IBREALEST, JINDALSTEL, JPASSOCIAT, JUSTDIAL & RCOM
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 16/01/2017 531898 SANGUI INDIVAR TRADERS PRIVATE LIMITED S 11568261 0.14
2 16/01/2017 531898 SANGUI ANUMITA INFRASTRUCTURE PRIVATE LIMITED B 8999986 0.14
3 16/01/2017 531898 SANGUI YASHYANK AGARWAL . S 8700000 0.14
4 16/01/2017 531898 SANGUI ZUBER TRADING LLP B 7461378 0.14
5 16/01/2017 531898 SANGUI ZUBER TRADING LLP S 5000000 0.14
6 16/01/2017 532942 KNRCON COPTHALL MAURITIUS INVESTMENT LIMITED S 3692549 170.52
7 16/01/2017 532942 KNRCON HSBC GLOBAL INVESTMENT FUNDSASIA EX JAP B 3641732 170.50
7 16/01/2017 533896 FERVENTSYN KANTILAL PREMCHAND SHAH S 400000 27.00
7 16/01/2017 533896 FERVENTSYN PROGRESSIVE CONSULTANTS B 394457 27.00
7 16/01/2017 532905 SAAMYABIO AMIT KANTILAL KOTHARI S 138000 5.12
Security in Ban
Bulk Deal

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Morning Tea
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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
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
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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
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
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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.
18th 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: 2017.01.18 08:42:21 +05'30'