The document provides a morning market update, noting that US stocks rose slightly on upbeat economic data while Asian markets also rose, and recommends buying two Indian stocks, National Aluminum and Raymond, based on technical analysis showing bullish patterns and momentum. It also lists recent bulk deals and stocks in a ban period.

1. SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
28th Dec 2016
 US Market:
US stocks rose slightly on Tuesday, supported by upbeat consumer and housing data, with gains in technology
shares lifting the Nasdaq Composite to a record close. At just over four billion shares traded, it was one of the
lowest-volume sessions of 2016. Volume across markets is expected to continue to be weak through the end of
the year. Tuesday data showed American consumers' confidence shot to its highest in more than 15 years in
December as they saw more strength ahead in business conditions, stock prices and the job market, while house
prices continued their steady recovery in October. The Dow Jones Industrial Average rose 11.23 points, or 0.06
percent, to 19,945.04, the S&P 500 gained 5.09 points, or 0.22 percent, to 2,268.88 and the Nasdaq Composite
added 24.75 points, or 0.45 percent, to 5,487.44.
 Asian Market:
Asia stocks followed Wall Street higher early on Wednesday, while the dollar firmed against major peers such as
the yen following the release of upbeat US economic data overnight. Crude oil prices held large gains on
expectations of supply tightening once oil-producing nations implement a scheduled output cut. MSCI's broadest
index of Asia-Pacific shares outside Japan rose 0.2 percent. Australian stocks were up 0.9 percent. Japan's Nikkei
was little changed. The Indian equity market is expected to open flat to positive today tracking Asian indices. SGX
Nifty is trading at 8035.50 Up by 18 points.
 Tata Sons' notice to Mistry for confidentiality breach
 JSW Energy board approves raising up to Rs 750 crore
 Experts discuss about job creation, farm woes at NITI Aayog
 Glenmark gets USFDA nod for leukemia treatment drug
 Reliance Jio is ready to pounce on rivals Airtel, Vodafone, Idea Cellular
 NATIONALALUM Buy in the range of 58-59 for Target of 62 with SL of 56
On a daily chart, the stock has formed long bullish candlestick with above average volume which indicates further
upside movement from the present level. Moreover, stock has been trading above its 50 days moving average
which is placed at 60.55 level which shows that near to medium-term trend is up. A momentum indicator RSI
reading is at 50.45 level and about to make positive crossover which points out for positive breath in the stock. So
for trading perspective, one could Buy in the range of 58-59 for Target of 62 with SL of 56.
 RAYMOND Buy in the range of 488-492 for Target of 508 with SL of 475
On a daily chart, the stock has formed bullish engulfing candlestick with above average volume which is a bullish
reversal indication and indicates upside movement from the present level. Moreover, stock has managed to close
above its 21 days moving average which is placed at 485.85 level which shows that near to medium-term trend has
changed to up. A momentum indicator RSI reading is at 47.75 level with positive crossover which points out for
positive breath in the stock. So for trading perspective, one could Buy in the range of 488-492 for Target of 508 with
SL of 475.
Stock in News
Global Update
As per Yester’s
Morning Tea,
CHAMBLEFERT Up by 3.24%
As per Yester’s
Morning Tea,
IRB Down by 2.72%

2. Result Calendar:
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
28th Dec 2016
Corporate Action / Result Calendar
BHARATFIN, CEATLTD, IBREALEST & WOCKPHARMA
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 27/12/2016 532919 ACIASIA ANUMITA INFRASTRUCTURE PRIVATE LIMITED S 10000000 0.13
2 27/12/2016 539889 PARAGMILK NEW HORIZON OPPORTUNITIES MASTER FUND B 1983352 253.85
3 27/12/2016 539889 PARAGMILK MACQUARIE EMERGING MARKETS ASIAN TRAD S 1983352 253.85
4 27/12/2016 531467 ARNAVCORP HIMANSHU BHANSALI S 950000 2.45
5 27/12/2016 531467 ARNAVCORP RUPAL BHANSALI S 800000 2.46
6 27/12/2016 539889 PARAGMILK NEW HORIZON OPPORTUNITIES MASTER FUND B 496200 253.00
7 27/12/2016 539889 PARAGMILK COPTHALL MAURITIUS INVESTMENT LIMITED S 496200 253.00
7 27/12/2016 531467 ARNAVCORP SEJAL KARSANBHAI VAGHELA S 473647 2.48
7 27/12/2016 531467 ARNAVCORP SEJAL KARSANBHAI VAGHELA B 473647 2.47
7 27/12/2016 534731 BITL BAKUL KALABHAI KABIRA S 444531 1.46
Security in Ban
Bulk Deal

3. SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
Contact Us
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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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
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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
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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.
28th Dec 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: 2016.12.28 09:18:17 +05'30'