Jindal Steel & Power Ltd (JSPL) has secured a long-term coal linkage of 1.18 million tonnes per year for its power plants in Chhattisgarh. This linkage is for a period of 5 years from recent coal linkage auctions. The long term linkage will ensure steady supply of coal for the captive power plants, enhancing fuel security. Technical analysis indicates the JSPL stock is currently trading above its 21 day moving average, showing an upward trend in the near term. Momentum indicators also point to positive momentum in the stock. The analyst recommends buying the stock in the range of Rs. 84.85-85.85, with a target price of Rs. 88.40 and

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'