The document provides a daily market summary and analysis for October 25, 2016. It summarizes that US markets hit a two-week high on strong earnings and acquisitions. In Asian markets, shares edged higher on upbeat US earnings and positive factory surveys. The analysis recommends buying two Indian stocks, MuthootFin and Kitex, based on technical indicators and provides price targets and stop losses. It also lists recent bulk deals and results calendar for various companies.

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Morning Tea
25th Oct 2016
 US Market:
The S&P 500 hit a two-week high on Monday on the back of strong earnings, while a flurry of acquisitions indicated
corporate America continues to see untapped value in the market. Annualized third-quarter earnings from S&P 500
components are expected to have risen 1.1 percent last quarter, following four quarters of contraction, according to
Thomson Reuters I/B/E/S data. Of the 120 companies that have reported so far, 78 percent have beaten analyst
expectations, above the long-term average of 63.5 percent. The Dow Jones industrial average rose 77.32 points, or
0.43 percent, to 18,223.03, the S&P 500 gained 10.17 points, or 0.47 percent, to 2,151.33 and the Nasdaq Composite
added 52.43 points, or 1 percent, to 5,309.83.
Asian Market:
Asian shares edged higher on Tuesday while the dollar stood firm as upbeat US earnings boosted Wall Street and
factory surveys in the United States and Europe boasted their best readings so far this year. MSCI's broadest index of
Asia-Pacific shares outside Japan inched up 0.1 percent with most components yet to trade. Australian stocks added
0.5 percent and futures pointed to an opening gain of around 0.8 percent for Japan's Nikkei helped by a softening
yen. The Indian equity market is expected to open flat today tracking Asian indices. SGX Nifty is trading at 8729 Up by
7 points.
 NITI supports multiple rates, cess under GST
 Ratan Tata seen as adverse to exiting UK biz
 PSUs to take over stressed assets: Arun Jaitley
 CCI okays RPG Life's acquisition of Sun Pharma brands
 Sebi's proposed algo trading rules could cast shadow over bourse IPOs
 Reliance Capital posts Rs 253 cr profit in Jul-Sep
 MUTHOOTFIN Buy in range of 364-366 for Target of 380 with SL of 355
On daily chart, stock has formed long bull candlestick with above average volume which indicates for accentuated buying
activity during last trading session. Moreover, stock has given close above its 50 day moving average which is placed at
354.80 level which shows that near to medium term trend has changed to up. A momentum indicator RSI reading is at
57.91 with positive crossover which point out for positive breath in the stock. So for trading perspective, one could Buy in
range of 364-366 for Target of 380 with SL of 355.
 KITEX Buy in range of 512-516 for Target of 535 with SL of 498
On daily chart, stock has formed long bull candlestick with above average volume which indicates for accentuated buying
activity during last trading session. Moreover, stock has been trading above its 200 day moving average with ample
volume which shows that stock has enough strength to move upward. A momentum indicator RSI reading is at 69.50 with
positive crossover which point out for positive breath in the stock. So for trading perspective, one could Buy in range of
512-516 for Target of 535 with SL of 498.
Stock in News
Global Update

2. BANKINDIA, HDIL, IBREALEST, JINDALSTEL, ORIENTBANK & TV18BRDCST.
Viji Finance Limited; Fv Splt Frm Rs 10 To Re 1
Result Calendar:
ADANIPORTS, ADIEXRE, APLLTD, ARVIND, ASIANPAINT, AUSTENG, BATLIBOI, BBL, BHARTIARTL, BIJLTEX,
CIL, CORALAB, CORALFINAC, CROMPTON, DATABASE, DEEPIND, DELTACORP, DHRUVES, DRREDDY,
DYNPRO, ELANTAS, EMMESSA, ENKEIWHEL, ENVAIREL, FEDERALBNK, FILATEX, FRUTION, GANDHITUBE,
GEOMETRIC, GLFL, GOLDCORP, GRANULES, GSCLCEMENT, HDFCBANK, HEXAWARE, IBVENTURES,
ICICIPRULI, IDBI, IDFCBANK, IFBAGRO, JINDHOT, JSLINDL, JYOTHYLAB, KOKUYOCMLN, KOTAKBANK,
KOTHARIFIN, KSBPUMPS, KZLFIN, L&TFH, M&MFIN, MADHUDIN, MAFATIND, MAVIIND, MCX, MEGH,
MORARJEE, MPSLTD, MYSOREBANK, ORTEL, PIIND, PIRPHYTO, RADHEDE, RBL, ROHLTD, ROSETEX,
SAFARIND, SESL, SHAKTIPUMP, SHEMAROO, SRTRANSFIN, STEELCAS, SUDAI, SUNGOLD, SURAJLTD,
SWISSGLA, SYLPH, SYMPHONY, TATAINVEST, TAVERNIER, TFLL, TINPLATE, TRANSCOR, TWIROST,
VARUNME, VISAKAIND, VTMLTD, WELCORP, YASHMGM, ZEEL, ZODJRDMKJ, ZYDUSWELL.
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
25th Oct 2016
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 24/10/2016 532919 ACIASIA ANVITA REAL ESTATE PRIVATE LIMITED S 19850000 0.12
2 24/10/2016 532959 GAMMNINFRA HSBC GLOBAL INVESTMENT FU NDS MAURITIUS S 15507549 5.05
3 24/10/2016 532959 GAMMNINFRA HSBC GLOBAL INVESTMENT FUNDS INDIAN EQ B 15507549 5.05
4 24/10/2016 532919 ACIASIA ORANGE MIST PRODUCTIONS PRIVATE LIMITED B 13521962 0.12
5 24/10/2016 532919 ACIASIA ABJAYONI TRADING PRIVATE LIMITED B 12621323 0.12
6 24/10/2016 530961 VIKASECO KUMAR SHARE BROKERS LTD B 1356000 18.22
7 24/10/2016 533288 CLARIS ABELLON ENERGY LIMITED S 1175050 270.88
7 24/10/2016 531467 ARNAVCORP ASHOKBHAI CHIMANLAL PARMAR S 767923 4.16
7 24/10/2016 531467 ARNAVCORP HIMANSHU BHANSALI S 723248 4.20
7 24/10/2016 531467 ARNAVCORP RUPAL BHANSALI S 718600 4.20
Corporate Action / Result Calendar
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
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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.
25th Oct 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: 2016.10.25 08:25:23 +05'30'