#ChoiceBroking #MorningTea : Global View: Global View Wall Street rose robustly for a second straight session on Wednesday, helped by higher oil prices and investor becoming more comfortable with the prospect of an interest rate hike as early as next month.

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Global View
India Update
Today’s Event/ Stock in News
The Karnataka government today approved three projects, including that of PepsiCo India and Biocon , committing total
investment of Rs 2,211 crore. Biotechnology major Biocon has proposed an investment of Rs 1,060 crore for the
manufacture of injectables, monoclonal and anti-bodies vaccine at Anekal taluk. It is expected to employ about 750
people, an official release said.
Technical Outlook: On daily chart, stock has given breakout of its recent peak which is placed at 635 level with above
average volume, which indicates for robust upside movement. Moreover, stock has been trading in a higher top higher
bottom formation since last many days, which also provides cushion for upside movement. Besides, stock has been
trading above its 21 day moving average which is placed at 617.50 level, which shows that near term short term trend is
up. A momentum indicator RSI reading is at 80.55 level with positive crossover, which point out for positive breath in the
stock. So for trading perspective, one could Buy in the range of 647-650 for the Target of 663 with the SL of 640.
BIOCON
THERMAX
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
26th May 2016
Sell in the range of 708-712 for the Target of 693 with the SL of 719
Buy in the range of 647-650 for the Target of 663 with the SL of 640
Energy and environment solutions provider Thermax Ltd on May 25 reported 16 percent decline in standalone net profit
at Rs 111.15 crore for the quarter ended March 31, 2016. The company had posted a net profit of Rs 132.32 crore in the
year-ago period, Thermax Ltd said in a filing to BSE. The company's total income from operations during the quarter
declined to Rs 1,293.18 crore as against Rs 1,508.36 crore in the year-ago period.
Technical Outlook : On daily chart, recently stock has given negative breakout of its rectangle pattern, which indicates
for downside movement that can be seen in next few trading session. Moreover, it has been continuously trading below
its 100 day moving average which is placed at 785 level, which shows that short to medium term trend is down. A
momentum indicator RSI reading is at 35.95 level with negative crossover, which point out for negative breath in the
stock. So for trading perspective, one could Sell in the range of 708-712 for the Target of 693 with the SL of 719.
Wall Street rose robustly for a second straight session on Wednesday, helped by higher oil prices and investors becoming
more comfortable with the prospect of an interest rate hike as early as next month. Combining Tuesday and Wednesday's
performances, the S&P 500 gained 2 percent, its strongest two-day run since early March. The energy sector .SPNY led
the way in the latest session, up 1.51 percent as oil prices rose toward $50 a barrel. That followed a report of a larger-
than-expected drop in US crude inventories, adding to expectations that a steep selloff in the commodity may be over.
Comments from policymakers in recent days and upbeat US economic data have raised expectations that the Federal
Reserve could pull the trigger on a rate increase much sooner than previously thought.
Indian benchmark indexes are expected to begin trade on a positive note following a cheery upswing in global markets. At
the time of writing the SGX Nifty was up .24 percent at 7,962.50. Asian markets opened higher on Thursday, led by
advances in the energy sector, after overnight gains in oil prices pushed US stocks higher. In Japan, the Nikkei 225 traded
up 0.75 percent, while across the Korean Strait, the Kospi was higher by 0.34 percent. Down Under, the S&P/ASX 200 gave
up most of its nearly 0.4 percent gains to trade flat. Oil prices gained in the US session after US government data showed a
larger-than-expected drop in crude inventories.

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Bulk Deal
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Morning Tea
26th May 2016
Security in Ban
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 25/05/2016 526957 UVBOARDS BP FINTRADE PRIVATE LIMITED S 167523 16.71
2 25/05/2016 513519 PITTILAM RUPESH BHAIDAS MEHTA B 152548 32.29
3 25/05/2016 526957 UVBOARDS MAHESH HEMCHAND PUROHIT S 125000 16.31
4 25/05/2016 539042 AGIIL SAJANKUMAR RAMESHWARLAL BAJAJ B 124000 101.00
5 25/05/2016 539042 AGIIL LA MANCHA RESORTS PRIVATE LIMITED S 114000 101.00
6 25/05/2016 526957 UVBOARDS FINDOC INVESTMART PVT LTD B 100000 16.81
7 25/05/2016 526957 UVBOARDS SUNIL CAPITAL S 100000 16.79
8 25/05/2016 539402 VAL OVERSKUD MULTI ASSET MANAGEMENT PRIVA S 92000 26.25
9 25/05/2016 539402 VAL ARYAMAN BROKING LIMITED B 92000 26.25
10 25/05/2016 539786 DUNE RATHOD MANOJ CHHAGANLAL HUF B 87000 18.50
Corporate Action:
Trident Limited; Annual General Meeting/ Dividend - Re 0.30/- Per Share
Raymond Limited; Dividend - Rs 3/- Per Share
Result Calendar:
ADANITRANS, AHMDSTE, ALFREDHE, AMDIND, APOORVA, ASHAPURMIN, ASIANOI, AVANCE, BALMLAWRIE,
BAMBINO, BANARBEADS, BANCOINDIA, BHILTEX, BIMETAL, BNANJEN, BODALCHEM, BPL, BPTEX, CARERATING,
CGVAK, CHARMS, DEEPAKFERT, DEVITRD, DISAQ, DITCO, DOLPHMED, EDUCOMP, EIHOTEL, EKC, ELFORGE,
EMPIND, ENSSI, EXCEL, FDC, FIBERWEB, FINCABLES, FRSHTRP, GEOJITBNPP, GMDCLTD, GOCLCORP,
GOLKUNDIA, GRATEXI, GUJALKALI, GUJCARB, GUJCMDS, GULCHEM, HARYNACAP, HATHWAY, HBESD, HBPOR,
HCG, HIPOLIN, HITECHGEAR, HNDFDS, HOTELEELA, HTMEDIA, IDM, IITL, INDCEMCAP, INDIACEM, INDIAGLYCO,
INDSILHYD, INGERRAND, ISGEC, ITI, JAYBHCR, JAYENGY, JEL, JETAIRWAYS, JHS, JINDRILL, JJFINCOR, JPINFRATEC,
KAKTEX, KAYA, KCPSUGIND, KEYCORPSER, KLGCAP, KOHINOOR, KRBL, KUANTUM, KUNSTOFF, LAKSELEC,
LAKSHMIMIL, LIBORD, LIBORDFIN, LONTE, LOYALTEX, MADHUDIN, MAHSEAMLES, MERCANTILE, MICROSEC,
MIRCELECTR, MODERN, MODISNME, MORARKFI, MPCOSEMB, MPFSL, MPHASIS, MUKTAARTS, NAGTECH,
NATCOPHARM, NATPEROX, NAVKETAN, NEYVELILIG, NICCOUCO, NILE, NIPPOBATRY, NOVARTIND, NPRFIN,
OILCOUNTUB, ONGC, ORIENTABRA, ORISSAMINE, PANORAMUNI, PARINFRA, PECOS, PHOENXINTL, PNC, POEL,
POLYTEX, PONDYOXIDE, PRECWIRE, PRIYALT, RAGHUSYN, RAHME, RAMASTEEL, RCF, RICHUNV, RJL, RKDL, RLFL,
ROLLT, SAGCEM, SAINIK, SALZER, SAMBHAAV, SAPPL, SCI, SCL, SHAWGELTIN, SHGANEL, SHREECEM,
SHREETULSI, SHREYAS, SHRINIWAS, SIBARAUT, SKIL, SOFTBPO, SPS, SPYL, SRMCL, STCINDIA, STHINPA,
STRTECH, STYLAMIND, SUBROS, SVCRES, SWAGTAM, SWISSGLA, SYBLY, TAIIND, TAMJAIM, TANLA, TATACHEM,
TATAYODOGA, TGBHOTELS, THIRDFIN, TIMEX, TOWASOK, TRENT, TRIL, TRINETRA, TSPIRITUAL, TTML, TWL,
UFO, UNIMERQ, UNIONBANK, UNITDSPR,VALLABH, VIRATCRA, WABAG, WARRENTEA, WESTLEIRES, WILLIMFI,
WPIL, WWTECHHOL, ZENITHBIR, ZODIACLOTH, ZSOUTGAS.
Corporate Action / Result Calendar
IBREALEST & INDIACEM

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Research Team
Mr. Sumeet Bagadia Associate Director
Kunal Parmar Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Kapil Shah Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Morning Tea
26th May 2016
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Kapil Shah
Digitally signed by Kapil Shah
DN: cn=Kapil Shah, o=Choice Equity Broking Pvt Ttd.,
ou=Research Department,
email=kapil.shah@choiceindia.com, c=IN
Date: 2016.05.26 08:38:37 +05'30'