#ChoiceBroking #MorningTea: Wall Street treaded water on Thursday following two days of strong gains as advancing utilities offset declines in materials, banks and other cyclical industries.

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Global View
India Update
Today’s Event/ Stock in News
Oil and Natural Gas Corporation Limited (ONGC) delivered better-than-expected earnings for the fourth quarter ended March 31,
2016, helped by increase in other income and exceptional gain. “Dehradun-headquartered firm has reported a growth of 12.2 per
cent in its standalone net profit at Rs 4,416.11 crore as compared to Rs 3,935.07 crore in the same period last year,” ONGC said in
a filing to BSE on Thursday.
Technical Outlook: On daily chart, stock has given close above its 100 day moving average which is placed at 213.35 level, which
shows that short to medium term trend is up and stock could accelerates its upside movement from the present level. Moreover,
stock has given breakout of 215 level, which acted as strong resistance in past, indicates for robust upside movement that can be
seen in next few trading session. A momentum indicator RSI reading is at 56.42 level with positive crossover, which point out for
positive breath in the stock. So for trading perspective, one could Buy in the range of 214-216 for the Target of 221 with the SL of
211.50
ONGC
TORNTPHARMA
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Morning Tea
27th May 2016
Buy in the range of 1377-1383 for the Target of 1410 with the SL of 1363
Buy in the range of 214-216 for the Target of 221 with the SL of 211.50
Ahmedabad-based Torrent Pharma is in advanced talks to buy bulk drugs supplier Glochem Industries for about Rs 300 crore,
people aware of the development said. Glochem is a medium-sized company that makes bulk drugs, or active ingredients, which
are used as raw material for medicines. The privately held company owns a few USFDA-approved sites in Hyderabad and Vizag
where oral bulk actives are manufactured.
Technical Outlook: On daily chart, stock has managed to close above its 100 day moving average which is placed at 1368 level,
which shows that medium trend has become change to positive and stock could accelerates its upside movement from the
present level. Besides, we have observed good volume activity during last two trading days, which point out for gradually building
up positive momentum in the stock. A momentum indicator RSI reading is at 49.28 with positive crossover, which point out for
positive breath in the stock. So for trading perspective, one could Buy in the range of 1377-1383 for the Target of 1410 with the
SL of 1363.
Wall Street treaded water on Thursday following two days of strong gains as advancing utilities offset declines in materials, banks
and other cyclical industries. Investors this week have grown more comfortable with expectations the Federal Reserve could raise
interest rates as soon as June, with many taking the view that such a hike would reflect improvement in the country's economy.
After gaining 2 percent over the previous two sessions, the S&P 500 traded flat, with a 1.1 percent dip in the materials index
partly offset by a 1.06 percent rise in utilities . "People are taking their foot off the gas after making a bunch of money, and now
they're waiting for the next data point," said Phil Blancato, chief executive of Ladenburg Thalmann Asset Management in New
York.
Ignoring the flat US close, the Indian equity benchmark is likely to open strong on back of a stellar close on Thursday. The market
indicator SGX Nifty too is 24 points up at around 8105. Markets in Asia too have begun the final trading day of the week higher.
The Wall Street closed mixed with the Dow failing to build upon its best two-day point gain since early March but Nasdaq eked
out a 3-day winning streak ahead of Yellen's speech today. In Europe also indexes closed tad higher on Thursday, after a choppy
session in which investors tried to make sense of the fluctuating oil price. Back home the bulls have taken complete control over
Dalal Street , value buying in infra (majorly L&T) and banks helped the Sensex and Nifty end at fresh 2016 closing high.

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Morning Tea
27th May 2016
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Corporate Action:
Muthoot Capital Services Limited; Annual General Meeting
Result Calendar:
1STCUS, 3IINFOTECH, 3MINDIA, AADHAARVEN, AADIIND, AASHEE, ACIASIA, ADFFOODS,
ADHARSHILA, ADHUNIKIND, ADVLIFE, ALFATRAN, ALKEM, ALLSOFT, AMARJOTHI, AMNPLST, ANGIND,
ANUJEWL, APCL, APLAB, AQUAPIV, ARAVALIS, ARENTERP, ARONICOMM, ARSSINFRA, ASHNOOR,
ASIANHOTNR, ASIANTNE, ASITCFIN, ATLANTA, AUTOPAL, AVAILFC, AVI, AXONVL, AXTEL, BAGADIA,
BAJAJHCARE, BAPACK, BBTC, BEARDSELL, BEL, BEML, BHEL, BIRLAPREC, BISIL, BLKASHYAP,
BOMDYEING, BORAX, BPCAP, ,BRAWN, BROOKS, BTTL, CANBK, CANTABIL, CAPPIPES, CAPPL,
CAREWELL, CARNATIN, CENTRALBK, CHLLTD, CISTRO, CMI, CPL, CRAVATEX, CROMPGREAV,
CRSTCHM, CTL, CUBIFIN, DAAWAT, DAMOINDUS, DATAMATICS, DAULAT, DBSTOCKBRO, DHARAMSI,
DHUNINV, DHUNTEAIND, DIL, DIVINE, DLF, DOLAT, DOLPHINOFF, DUROPACK, DYNAMATECH,
DYNAVSN, EASUNREYRL, ECOBOAR, EKAMLEA, ELGIEQUIP, EMAMIINFRA, EMMESSA, EMPORIS,
ENKEIWHEL, EROSMEDIA, EXCELINDUS*,EXPLICITFIN, EXTCO, FACORALL, FARMAXIND, FERROALL,
FILTRA, FIVEX, GANGAPHARM, GIPCL, GIRDSGA, GLOBAL, GOLDIAM, GPL, GSCLCEMENT,
GTEIT,GUJCRAFT, GUJPETR, HALDYNGL, HARLETH, HEG, HEMINDI, HILTON, HINDNATGLS,
HINDPETRO, HINDSECR, HIRECT, HITTCO, IFMIMPX, INCON, INDIANACRY, INDLMETER, INDOCO,
INFRAQUEST, INTEGFD, IOC, IPRINGLTD, IRISMEDIA, ISFT, ISLCONSUL, IVP, JAYNECOIND, JINDONL,
JMCPROJECT, JMDEPACKR, JSLHISAR, KAIRA, KANORICHEM, KARTAVYA, KARURVYSYA, KATWAUD,
KAYEL, KCP, KHAICHEM, KINGSINFR, KLKELEC, KOFFBREAK, KPEL, KSHITIJ, KUSUMEL, KZLFIN,
LALPATHLAB, LAMBODHARA, MAARSOFTW, MACPLASQ, MANAKSIA, MANAKSTELTD, MAYURUNIQ,
MEDICAPQ, MHLXMIRU, MINAXI, MINDACORP, MMLF, MMTC, MMWL, MRUTR, MSRINDIA,
MUTHOOTFIN, NATNLSTEEL, NAVKARCORP, NDASEC, NEELKAN, NIBL, NIKKIGL, NOESISIND, OIL, OISL,
OMKAR, ORCHIDPHAR, ORIENTALTL, OSCAR, OSWAYRN, PACL, PALCO, PANACEABIO, PANCHMAHQ,
PANCM, PARACABLES, PARIKSHA, PDSMFL, PHARMAID, PHRMASI, PILITA, PNCINFRA, PONNIERODE,
POPULARES, PRADPME, PRATIBHA, PREMIERPOL, PRESOFI, PRICOL, PRISMMEDI, PROMACT,
PROVOGE, PUNCTRD, PUNJCOMMU, PUNJLLOYD, PVR, RAAJMEDI, RAJSPTR, RANEHOLDIN,
RAUNAQEPC, RECLTD, RELIGARE, RIBATEX, RISHIROOP, ROYALCU, RPPINFRA, SADHNANIQ, SAENTER,
SAIBABA, SAKSOFT, SALONACOT, SALORAINTL, SAMTEL, SAMTELIN, SANGUI, SARDAEN, SATRAPROP,
SAVERA, SAVFI, SAWABUSI, SBECSYS, SBIN, SEPOWER, SERIND, SHARDA, SHK, SHREEPUSHK, SHRENTI,
SHRISTI, SIDDHEGA, SIKOZY, SIPL, SITAENT, SJVN, SKP, SNSTEXTIL, SOFTTECHGR, SOVERDIA, SPECTRA,
SPENTA, SPENTEX, SPMLINFRA, SPTRSHI, SRPML, STAMPEDE, STEERINTER, SUCHTRD, SUDARSCHEM,
SUNILTX, SUNLOC, SURYAJYOTI, SURYAROSNI, SUVEN, SWADEIN, SWADPOL, SWELECTES, SYNTHFO,
TATACOMM, TAVERNIER, TCPLPACK, TECHNOFAB, TELECANOR, TEXMOPIPES, TFSL, THOMASCOOK,
TIL, TNPL, TRIPR, TTIL, TYPHOON, UFLEX, ULTRAMAR, UMESLTD, UNQTYMI, UTTAMSTL, V2RETAIL,
VAMSHIRU, VANTAGE, VARDHCH, VBCFERROQ, VBCIND, VEERENRGY, VEERHEALTH, VENKYS,
VIAANINDUS, VIDHIDYE, VISASTEEL, VISTAPH, VISTR, VIVOBIOT, VRWODAR, VSTTILLERS, WIMPLAST,
WINROC, WINSOMTX, WOMENSNEXT, WORTH, YANTRA, ZANDUREALT, ZENITHHE, ZGOLDINV,
ZHEMHOLD, ZICOM, ZKHANDEN, ZSARACOM, ZSURYODI..
Corporate Action / Result Calendar

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Bulk Deal
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
27th May 2016
Security in Ban
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Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 26/05/2016 531217 WESTE MOHUR INVESTMENT AND CONSULTANCY PVT B 1500000 2.00
2 26/05/2016 514366 CITIZYN PUNAJI SOMAJI THAKOR S 492730 5.06
3 26/05/2016 514366 CITIZYN PUNAJI SOMAJI THAKOR B 464071 5.06
4 26/05/2016 519588 DFM THE DELHI FLOUR MILLS COMPANY LTD S 450000 1715.00
5 26/05/2016 512257 SVARTCORP UPSURGE INVESTMENT AND FINANCE LTD S 450000 3.11
6 26/05/2016 533506 INVENTURE ASHOK COMMERCIAL ENTERPRISES B 448250 26.43
7 26/05/2016 539658 TEAMLEASE HDFC MUTUAL FUND B 372000 930.01
8 26/05/2016 539658 TEAMLEASE DSP BLACKROCK MUTUAL FUND S 371666 930.00
9 26/05/2016 539331 VETO AKSHAY KUMAR GURNANI S 350000 118.82
10 26/05/2016 519588 DFM STEADVIEW CAPITAL MAURITIUS LIMITED B 274480 1715.00

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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
27th 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: 2016.05.27 08:48:01 +05'30'