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SEBI Certified – Research Analyst www.choiceindia.com
Global View
India Update
Today’s Event/ Stock in News
ICICI Bank, India's largest private sector bank, has launched the country's first 'Mortgage Guarantee' backed loans for retail customers aspiring to
purchasetheirfirsthomesintheaffordablehousingsegment.Christened'ICICIBankExtraaHomeLoans', itallowsaborrowertoenhancetheloan
amount by up to 20% and also provides the option to extend the repayment period up to 67 years of age. 'ICICI Bank Extraa Home Loans'
empowers the customers with the dualadvantage ofimprovedaffordability andalonger repaymentperiod.ICICI Bankhaslaunched thisinitiative
in association with India Mortgage Guarantee Corporation (IMGC). IMGC is a joint venture between National Housing Bank (NHB), an RBI
subsidiary which regulates Home Finance Companies in India; NYSE-listed Genworth Financial Inc., a Fortune 500 company; International Finance
Corporation (IFC) and Asian Development Bank (ADB). The launch of 'ICICI Bank Extraa Home Loans' comes close on the heels of a slew of
pathbreaking services introduced by ICICI Bank. These include the upgraded version of iMobile with over 100 services, fully automated 24X7
'TouchBanking'branches,TabBankingandthecountry'sfirstcontactlessdebitandcreditcards.
Technical Outlook : On daily chart, prices have taken support near falling trend line at 268 levels. During yesterday’s trading session, price has
given gap up opening with positive volumes. The momentum indicator RSI has moved above 40 levels, which point out for positive
confirmationtotheprices.Sofortradingprospective,onecouldBuyintherangeof280-282 forthetargetof284.50-287.35 levels.
Just Dial has received the Reserve Bank of India's (RBI) nod to buy back shares of the company at a maximum price of Rs 1,550
per equity share. The company proposes to get shareholders' approval for the same through a postal ballot, though the date of
which has not been announced yet. Earlier in June, the company intended to buy back up to 25 per cent of the paid-up capital
and free reserves of the company at a maximum price of Rs 1,550 per equity share of face value Rs 10 each. The company's
board approved the same on June 4.
TechnicalOutlook: TheStockhasbeentradinginfallingchannelformationsincelast1year.Recently,Pricehastakensupportoflowerbandof
channel at 741 levels and showed immense bounce back in the prices. The momentum indicator RSI reading is in oversold zone territory with
positivecrossover,whichsuggestingbouncebackcanbeseeninthestock.Sofor tradingprospective,onecouldBuyintherangeof811-818for
thetargetof826.50-835 levels.
ICICIBANK
JUSTDIAL
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
28th August 2015
Buy in the range of 811-818 with of SL 800 for the Target of 829-840
Buy in the range of 280-282 with of SL 277 for the Target of 285-288
Wall Street rallied more than 2 percent on Thursday as strong US economic data and hints that a September interest-rate hike was unlikely fueled
optimism that the worst of recent market turmoil was over. The market slump stopped on Wednesday after New York Fed President William
DudleysaidthecaseforaSeptemberhikehadbecome"lesscompelling".However,tothatend,investorswillkeepaneyeonanannualconference
of some of the world's top central bankers in Jackson Hole, Wyoming over the next few days for further clues on interest rates. Data on Thursday
showed that the US economy grew 3.7 percent in the second quarter - much faster than the previous estimate of 2.3 percent. The Dow Jones
industrialaverage2.27percenttoendat16,654.77andtheS&P500jumped2.43percentto1,987.66.TheNasdaqCompositeadded2.45percent
to4,812.71.
Asian stocksextended theirrecovery into the finaltradingdayofthe week asinvestors cheeredaseconddayofgainsinChinese and US markets.
China's benchmark Shanghai spiked more than 1.00 % in early trade, building on a 5.4 % gain in the previous session following news that the
People's Bank of China purchased stocks from big firms and requested state-owned banks to buy more yuan on its behalf late on Thursday.
Shenzhen and Hong Kong shares were also trading @ 1.00%, Japan’s Nikkei trading at 3.00% higher, South Korean’s Kospi was up by 1.4%. Back
tothehome,theIndianequitymarketislikelytoopengapupandcontinuewithyesterdayclosingrally.
SEBI Certified – Research Analyst www.choiceindia.com
Bulk Deal
Corporate Action / Result Calendar
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
28th August 2015
Security in Ban
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Corporate Action:
Ashoka Buildcon Limited; Annual General Meeting/ Dividend - Re 0.70/- Per Share.
Bharat Petroleum Corporation; Annual General Meeting/ Dividend - Rs 22.50/- Per Share.
JBF Industries Limited; Dividend - Rs 2/- Per Share.
Chambal Fertilizers & Chemicals Limited; Dividend - Rs 1.90/- Per Share.
SRF Limited; Interim Dividend - Rs 5/- Per Share.
Sr.No Deal Date Security Code Security Name Client Name Deal Type Quantity Price
1 27/08/2015 532351 AKSHOPTFBR MUKUL SOOD S 800,000 15.88
2 27/08/2015 532626 PONDYOXIDE ANIL KUMAR BANSAL B 718,598 89.00
3 27/08/2015 539195 POEL SUNIL KUMAR BANSAL B 665,801 40.00
4 27/08/2015 539195 POEL ANIL KUMAR BANSAL S 620,537 40.00
5 27/08/2015 539195 POEL DEVAKAR BANSAL B 581,687 40.00
6 27/08/2015 532626 PONDYOXIDE ANIL KUMAR BANSAL S 457,616 89.00
7 27/08/2015 539195 POEL NEELAM BANSAL B 383,943 40.00
8 27/08/2015 539195 POEL SUNIL KUMAR BANSAL S 383,943 40.00
9 27/08/2015 538295 KAUSAMBI HETA KALPESHKUMAR GOLWALA S 341,951 8.95
10 27/08/2015 532626 PONDYOXIDE NEELAM BANSAL S 308,448 89.00
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 Research Associate
Chandrakant Maske Research Associate
Ritesh Patel Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Morning Tea
28th August 2015
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: 2015.08.28 08:29:57 +05'30'

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ICICI Bank launches mortgage guarantee backed home loans

  • 1. SEBI Certified – Research Analyst www.choiceindia.com Global View India Update Today’s Event/ Stock in News ICICI Bank, India's largest private sector bank, has launched the country's first 'Mortgage Guarantee' backed loans for retail customers aspiring to purchasetheirfirsthomesintheaffordablehousingsegment.Christened'ICICIBankExtraaHomeLoans', itallowsaborrowertoenhancetheloan amount by up to 20% and also provides the option to extend the repayment period up to 67 years of age. 'ICICI Bank Extraa Home Loans' empowers the customers with the dualadvantage ofimprovedaffordability andalonger repaymentperiod.ICICI Bankhaslaunched thisinitiative in association with India Mortgage Guarantee Corporation (IMGC). IMGC is a joint venture between National Housing Bank (NHB), an RBI subsidiary which regulates Home Finance Companies in India; NYSE-listed Genworth Financial Inc., a Fortune 500 company; International Finance Corporation (IFC) and Asian Development Bank (ADB). The launch of 'ICICI Bank Extraa Home Loans' comes close on the heels of a slew of pathbreaking services introduced by ICICI Bank. These include the upgraded version of iMobile with over 100 services, fully automated 24X7 'TouchBanking'branches,TabBankingandthecountry'sfirstcontactlessdebitandcreditcards. Technical Outlook : On daily chart, prices have taken support near falling trend line at 268 levels. During yesterday’s trading session, price has given gap up opening with positive volumes. The momentum indicator RSI has moved above 40 levels, which point out for positive confirmationtotheprices.Sofortradingprospective,onecouldBuyintherangeof280-282 forthetargetof284.50-287.35 levels. Just Dial has received the Reserve Bank of India's (RBI) nod to buy back shares of the company at a maximum price of Rs 1,550 per equity share. The company proposes to get shareholders' approval for the same through a postal ballot, though the date of which has not been announced yet. Earlier in June, the company intended to buy back up to 25 per cent of the paid-up capital and free reserves of the company at a maximum price of Rs 1,550 per equity share of face value Rs 10 each. The company's board approved the same on June 4. TechnicalOutlook: TheStockhasbeentradinginfallingchannelformationsincelast1year.Recently,Pricehastakensupportoflowerbandof channel at 741 levels and showed immense bounce back in the prices. The momentum indicator RSI reading is in oversold zone territory with positivecrossover,whichsuggestingbouncebackcanbeseeninthestock.Sofor tradingprospective,onecouldBuyintherangeof811-818for thetargetof826.50-835 levels. ICICIBANK JUSTDIAL SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website Morning Tea 28th August 2015 Buy in the range of 811-818 with of SL 800 for the Target of 829-840 Buy in the range of 280-282 with of SL 277 for the Target of 285-288 Wall Street rallied more than 2 percent on Thursday as strong US economic data and hints that a September interest-rate hike was unlikely fueled optimism that the worst of recent market turmoil was over. The market slump stopped on Wednesday after New York Fed President William DudleysaidthecaseforaSeptemberhikehadbecome"lesscompelling".However,tothatend,investorswillkeepaneyeonanannualconference of some of the world's top central bankers in Jackson Hole, Wyoming over the next few days for further clues on interest rates. Data on Thursday showed that the US economy grew 3.7 percent in the second quarter - much faster than the previous estimate of 2.3 percent. The Dow Jones industrialaverage2.27percenttoendat16,654.77andtheS&P500jumped2.43percentto1,987.66.TheNasdaqCompositeadded2.45percent to4,812.71. Asian stocksextended theirrecovery into the finaltradingdayofthe week asinvestors cheeredaseconddayofgainsinChinese and US markets. China's benchmark Shanghai spiked more than 1.00 % in early trade, building on a 5.4 % gain in the previous session following news that the People's Bank of China purchased stocks from big firms and requested state-owned banks to buy more yuan on its behalf late on Thursday. Shenzhen and Hong Kong shares were also trading @ 1.00%, Japan’s Nikkei trading at 3.00% higher, South Korean’s Kospi was up by 1.4%. Back tothehome,theIndianequitymarketislikelytoopengapupandcontinuewithyesterdayclosingrally.
  • 2. SEBI Certified – Research Analyst www.choiceindia.com Bulk Deal Corporate Action / Result Calendar SEBI Certified – Research Analyst www.choiceindia.com Morning Tea 28th August 2015 Security in Ban SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website Corporate Action: Ashoka Buildcon Limited; Annual General Meeting/ Dividend - Re 0.70/- Per Share. Bharat Petroleum Corporation; Annual General Meeting/ Dividend - Rs 22.50/- Per Share. JBF Industries Limited; Dividend - Rs 2/- Per Share. Chambal Fertilizers & Chemicals Limited; Dividend - Rs 1.90/- Per Share. SRF Limited; Interim Dividend - Rs 5/- Per Share. Sr.No Deal Date Security Code Security Name Client Name Deal Type Quantity Price 1 27/08/2015 532351 AKSHOPTFBR MUKUL SOOD S 800,000 15.88 2 27/08/2015 532626 PONDYOXIDE ANIL KUMAR BANSAL B 718,598 89.00 3 27/08/2015 539195 POEL SUNIL KUMAR BANSAL B 665,801 40.00 4 27/08/2015 539195 POEL ANIL KUMAR BANSAL S 620,537 40.00 5 27/08/2015 539195 POEL DEVAKAR BANSAL B 581,687 40.00 6 27/08/2015 532626 PONDYOXIDE ANIL KUMAR BANSAL S 457,616 89.00 7 27/08/2015 539195 POEL NEELAM BANSAL B 383,943 40.00 8 27/08/2015 539195 POEL SUNIL KUMAR BANSAL S 383,943 40.00 9 27/08/2015 538295 KAUSAMBI HETA KALPESHKUMAR GOLWALA S 341,951 8.95 10 27/08/2015 532626 PONDYOXIDE NEELAM BANSAL S 308,448 89.00
  • 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 Research Associate Chandrakant Maske Research Associate Ritesh Patel Research Associate Amit Pathania Research Associate Vikas Chaudhari Research Associate Rajnath Yadav Research Associate Satish Kumar Research Associate Morning Tea 28th August 2015 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: 2015.08.28 08:29:57 +05'30'