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Morning tea 23 08-2016
- 1. SEBI Certified –Research Analyst www.choiceindia.com Global View India Update Today’s Event/ Stock in News Jindal Steel & Power Ltd (JSPL) on Monday said it has secured long-term linkage of 1.18 million tonne per annum (mtpa) for its power generation plants in Chhattisgarh. The company further said that the long-term coal link age for a period of 5 years has been secured during the recent coal linkage auctions. Moreover, the long-term linkage will ensure steady and assured supply of coal for thecaptivepowerplants,therebyenhancingthefuelsecurityforthepowerplants,itadded. Technical Outlook: On daily chart, stock has been trading with its strong support of 21 day moving average which is placed at 82.10 level, which shows that near term trend is up. Moreover, stock has been trading with higher bottom formation with ample volume, which indicates for robust upside movement. A momentum indicator RSI reading is at 60.80 level with positive crossover, which pointout for positive breath inthestock. Sofortrading perspective,onecouldBuy inrangeof 84.85-85.85 forTargetof88.40 withSLof83.55 JINDALSTEL HPCL SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website Morning Tea 23rd Aug 2016 Buy in range of 1208-1215 for Target of 1240 with SL of 1195 Buy in range of 84.85-85.85 for Target of 88.40 with SL of 83.55 State-owned oil & gas company Hindustan Petroleum Corporation Ltd (HPCL) on Monday reported a growth of 30 per cent in its standalone net profit after taxes (PAT) at Rs 2,098.38 crore for the first quarter ended June 30, 2016. During the quarter under review, the total expenses of the company fell to Rs 48,645.04 crore, as compared to Rs 52,474.42 crore in the same period last year. Also,theotherincomeofthecompanygrewtoRs275.26crore,asagainstRs237.06croreduringthesameperiodayearago. Technical Outlook: On daily chart, stock has been trading with its strong support of 1200 level, a level from where it gave good upsidemovementinpast,soatthislevelweexpectingthesameidenticalmovement.Moreover,stockhasbeentradingaboveits21 day moving average which shows that near term trend is up. A momentum indicator RSI reading is at 54.92, besides RSI reading is near to its previous support which comes at 53.55 level, which point out for positive breath in the stock. So for trading perspective, onecouldBuyinrangeof1208-1215forTargetof1240withSLof1195. Asia shares inched ahead while the dollar slipped on Tuesday as a dearth of major data left markets with little to do but second guess whether the Federal Reserve will raise US interest rates this year. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent, with South Korea and Australia adding similar amounts. Japan's Nikkei went the other way and eased 0.4 percent as the yen gainedonthedollar.The IndianequitymarketisexpectedtoopenflattodaytrackingAsianindices.SGXNiftyistradingat8622.50 downby 5.50points. US stocks were little changed on Monday as a drop in oil prices that weighed on the energy sector was offset with a strong showing by biotech stocks. Oil prices settled down more than 3 percent, after touching two-month highs last week, on worries about burgeoning Chinesefuelexports,moreIraqiandNigerian crudeshipmentsandarising US oilrig count.The S&Penergy indexlost0.9 percent,itsworst performancein twoweeks,andwas theworst-performing ofthe 10 major S&Pgroups. Asearnings seasondraws toa close,investor focus will shift to Federal Reserve Chair Janet Yellen's speech on Friday at the annual central bankers' meeting in Jackson Hole, Wyoming, to assesstheoddsofaninterestrate hikeincomingmonths.TheDowJonesindustrialaveragefell23.15points,or0.12percent,to18,529.42, theS&P500lost1.23points,or0.06percent,to2,182.64andtheNasdaqCompositeadded6.23points,or0.12percent,to5,244.60.
- 2. SEBI Certified –Research Analyst www.choiceindia.comSEBI Certified – Research Analyst www.choiceindia.com Morning Tea 23rd Aug 2016 SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website TECILChemicalsandHydroPowerLimited;AnnualGeneralMeeting TVTodayNetworkLimited;AnnualGeneralMeeting/Dividend-Rs1.75 PerShare TantiaConstructionsLimited;AnnualGeneralMeeting CenturyPlyboards(India)Limited;AnnualGeneralMeeting AtlasCycles(Haryana)Limited;ExtraordinaryGeneralMeeting SakumaExportsLimited;AnnualGeneralMeeting BalrampurChiniMillsLimited;InterimDividend-Rs3.50PerShare CyientLimited;AnnualGeneralMeeting GranulesIndiaLimited;InterimDividend-Re 0.20PerShare IGPetrochemicalsLimited;AnnualGeneralMeeting/Dividend-Rs2/-PerShare LotusEyeCareHospitalLimited;AnnualGeneralMeeting BalajiTelefilmsLimited;AnnualGeneralMeeting Result Calendar: GILLETTE,HATHWAYB,ICIL,JAICORPLTD,NECLIFE,TATAPOWER Corporate Action / Result Calendar Bulk Deal Security in Ban BANKINDIA, CEATLTD, IBREALEST, JINDALSTEL , JPASSOCIAT, JUSTDIAL, ORIENTBANK & WOCKPHARMA Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price 1 22/08/2016 533305 SRSREAL BTL HOLDING COMPANY LIMITED B 7353568 11.92 2 22/08/2016 533305 SRSREAL LATEST IT SOLUTIONS LIMITED S 7353568 11.92 3 22/08/2016 534741 VIRTUALG SHREE BHUVANAKARAM TRADINVEST PVT LTD S 2307264 5.30 4 22/08/2016 534741 VIRTUALG SHREE BHUVANAKARAM TRADINVEST PVT LTD B 2000000 5.69 5 22/08/2016 539787 HCG MILESTONE PRIVATE EQUITY FUND S 1305000 210.01 6 22/08/2016 539787 HCG RELIANCE MUTUAL FUND B 1260104 210.00 7 22/08/2016 531467 ARNAVCORP ASHIRWAD INVESTMENTS PRIVATE LIMITED B 911000 2.70 7 22/08/2016 535667 IFINSEC LA MANCHA RESORTS PRIVATE LIMITED S 843000 7.70 7 22/08/2016 502448 ROLLT AARKEN ADVISORS PRIVATE LIMITED S 700000 28.25 7 22/08/2016 530191 CHROMATIC PURAN CHAND CHOUDHARY S 600000 3.72
- 3. SEBI Certified –Research Analyst www.choiceindia.com Contact Us www.choiceindia.com www.choiceindia.comcustomercare@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 not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any 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 substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment. 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. SEBI Certified – Research Analyst www.choiceindia.com Research Team Mr. Sumeet Bagadia Associate Director Kunal Parmar Sr. Research Associate Amit Pathania Research Associate Vikas Chaudhari Research Associate Kapil Shah Research Associate Rajnath Yadav Research Associate Satish Kumar Research Associate Morning Tea 23rd Aug 2016 SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website Kunal Parmar Digitally signed by Kunal Parmar DN: cn=Kunal Parmar, o=Choice Equity Broking Pvt Ltd., ou=Research Dept, email=kunal.parmar@choiceindia.com, c=IN Date: 2016.08.23 08:35:18 +05'30'