SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
29th Nov 2016
 US Market:
US stocks declined on Monday for their worst performance in nearly a month, weighed down by a pullback in the
financial and consumer discretionary sectors as some investors booked profits on the heels of a record-setting week.
The three major US indexes had closed higher for the third week in a row on Friday, with the S&P 500 notching its
seventh record close since the US presidential election on November 8. US stocks have jumped since Donald Trump's
victory in the presidential election, with the S&P 500 up nearly 3 percent, as investors expect his plans to boost
infrastructure spending, cut corporate taxes and reduce regulation to benefit the economy. The S&P financial and
consumer discretionary sectors have been among the best performers since the election, as banks have rocketed up
more than 10 percent and discretionary stocks climbed over 4 percent. The small-cap Russell 2000 , comprised of many
domestically-focused stocks, has soared 11.3 percent.
 Asian Market:
Asia markets were mixed on Tuesday, taking cues from the US where a post-election rally appeared to stumble. Traders
also looked ahead to key global events set to take place this week, including a meeting on Wednesday between the
world's largest oil producers, and the release of the US nonfarm payroll report on Friday. In Japan, the Nikkei 225
opened down 0.41 percent, while the Topix fell 0.34 percent. Japanese shares were likely pressured by a slightly
stronger yen, which traded at 111.94 against the dollar on Tuesday morning in Asia, climbing from levels near 113.00 in
the previous week.
 Edelweiss AMC buys fund biz of JP Morgan Asset
 Tata Steel, Liberty set to begin talks for UK assets sale
 Suzlon bags 50.4-MW project in AP
 RBI hikes cash reserve ratio; maintains sanctity of its policy rate
 Infosys looks to take payments bank solution global
 JISLJALEQS Buy in range of 89.85-88 for Target of 94 with SL of 86.5
On daily chart, stock have formed bullish big body candle and closed above last 9 day trading range. More further,
yesterday candle it confirmation of morning star candlestick pattern. A momentum indicator, slow stochastic read at over
sold with positive crossover. More over momentum indicator RSI reading at 45 level with positive cross over with positive
divergence in daily chart as well hourly chart . so for trading perspective, one could Buy in range of 89.85-88 for target 94
with SL of 86.5
 FORTIS Buy in range of 183.4-182 for Target of 188 with SL of 179
On daily chart stock is trading above all simple daily and weekly moving average which suggest all time frame trend is
positive. Stock has given bullish breakout of down word sloping trend line with above average volume which indicate fresh
buying from these level. A directional indicator ADX has given fresh buy signal. More over momentum indicator RSI
reading at 64 level with positive cross over. So for trading perspective, one could buy in range of 183.45-182 SL 179 TGT
188
Stock in News
Global Update
As per Yester's
Morning Tea,
BAJFINANCE Up by 2.86%
K.P.R. Mill Limited; Fv Splt Frm Rs 10 To Rs 5
Indraprastha Gas Limited; Interim Dividend Rs 3.50 Per Share
Result Calendar:
KANORICHEM, NFL, TATAPOWER, TNPL & WANBURY.
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
29th Nov 2016
Corporate Action / Result Calendar
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 28/11/2016 507836 MCCHRLS-B EMBASSY PROPERTY DEVELOPMENTS PRIVATE B 6743152 641.80
2 28/11/2016 507836 MCCHRLS-B CHATRABHUJ BASSARMAL PARDHANANI S 6743152 641.80
3 28/11/2016 533605 PRAKASHCON BP FINTRADE PRIVATE LIMITED S 1955886 6.29
4 28/11/2016 533605 PRAKASHCON MANOHAR ASANDAS SIRWANI S 1118641 6.16
5 28/11/2016 533605 PRAKASHCON MANOHAR ASANDAS SIRWANI B 1118641 6.16
6 28/11/2016 533605 PRAKASHCON BP FINTRADE PRIVATE LIMITED B 955886 6.15
7 28/11/2016 533605 PRAKASHCON JMP SECURITIES PVT LTD S 630060 6.16
7 28/11/2016 533605 PRAKASHCON JMP SECURITIES PVT LTD B 593060 6.16
7 28/11/2016 530245 ARYAMAN MANLIKE CHEMICAL AND PHARMACHEUTICAL B 225000 26.54
7 28/11/2016 530245 ARYAMAN MUKESH BABULAL SHAH S 221000 26.54
Security in Ban
Bulk Deal
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
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.
29th Nov 2016
Kapil Shah
Digitally signed by Kapil Shah
DN: cn=Kapil Shah, o=Choice Equity Pvt Ltd,
ou=Research Team,
email=kapil.shah@choiceindia.com, c=US
Date: 2016.11.29 08:54:10 +05'30'

Morning tea 29 11-2016

  • 1.
    SEBI Registered –Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website Morning Tea 29th Nov 2016  US Market: US stocks declined on Monday for their worst performance in nearly a month, weighed down by a pullback in the financial and consumer discretionary sectors as some investors booked profits on the heels of a record-setting week. The three major US indexes had closed higher for the third week in a row on Friday, with the S&P 500 notching its seventh record close since the US presidential election on November 8. US stocks have jumped since Donald Trump's victory in the presidential election, with the S&P 500 up nearly 3 percent, as investors expect his plans to boost infrastructure spending, cut corporate taxes and reduce regulation to benefit the economy. The S&P financial and consumer discretionary sectors have been among the best performers since the election, as banks have rocketed up more than 10 percent and discretionary stocks climbed over 4 percent. The small-cap Russell 2000 , comprised of many domestically-focused stocks, has soared 11.3 percent.  Asian Market: Asia markets were mixed on Tuesday, taking cues from the US where a post-election rally appeared to stumble. Traders also looked ahead to key global events set to take place this week, including a meeting on Wednesday between the world's largest oil producers, and the release of the US nonfarm payroll report on Friday. In Japan, the Nikkei 225 opened down 0.41 percent, while the Topix fell 0.34 percent. Japanese shares were likely pressured by a slightly stronger yen, which traded at 111.94 against the dollar on Tuesday morning in Asia, climbing from levels near 113.00 in the previous week.  Edelweiss AMC buys fund biz of JP Morgan Asset  Tata Steel, Liberty set to begin talks for UK assets sale  Suzlon bags 50.4-MW project in AP  RBI hikes cash reserve ratio; maintains sanctity of its policy rate  Infosys looks to take payments bank solution global  JISLJALEQS Buy in range of 89.85-88 for Target of 94 with SL of 86.5 On daily chart, stock have formed bullish big body candle and closed above last 9 day trading range. More further, yesterday candle it confirmation of morning star candlestick pattern. A momentum indicator, slow stochastic read at over sold with positive crossover. More over momentum indicator RSI reading at 45 level with positive cross over with positive divergence in daily chart as well hourly chart . so for trading perspective, one could Buy in range of 89.85-88 for target 94 with SL of 86.5  FORTIS Buy in range of 183.4-182 for Target of 188 with SL of 179 On daily chart stock is trading above all simple daily and weekly moving average which suggest all time frame trend is positive. Stock has given bullish breakout of down word sloping trend line with above average volume which indicate fresh buying from these level. A directional indicator ADX has given fresh buy signal. More over momentum indicator RSI reading at 64 level with positive cross over. So for trading perspective, one could buy in range of 183.45-182 SL 179 TGT 188 Stock in News Global Update As per Yester's Morning Tea, BAJFINANCE Up by 2.86%
  • 2.
    K.P.R. Mill Limited;Fv Splt Frm Rs 10 To Rs 5 Indraprastha Gas Limited; Interim Dividend Rs 3.50 Per Share Result Calendar: KANORICHEM, NFL, TATAPOWER, TNPL & WANBURY. SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website Morning Tea 29th Nov 2016 Corporate Action / Result Calendar Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price 1 28/11/2016 507836 MCCHRLS-B EMBASSY PROPERTY DEVELOPMENTS PRIVATE B 6743152 641.80 2 28/11/2016 507836 MCCHRLS-B CHATRABHUJ BASSARMAL PARDHANANI S 6743152 641.80 3 28/11/2016 533605 PRAKASHCON BP FINTRADE PRIVATE LIMITED S 1955886 6.29 4 28/11/2016 533605 PRAKASHCON MANOHAR ASANDAS SIRWANI S 1118641 6.16 5 28/11/2016 533605 PRAKASHCON MANOHAR ASANDAS SIRWANI B 1118641 6.16 6 28/11/2016 533605 PRAKASHCON BP FINTRADE PRIVATE LIMITED B 955886 6.15 7 28/11/2016 533605 PRAKASHCON JMP SECURITIES PVT LTD S 630060 6.16 7 28/11/2016 533605 PRAKASHCON JMP SECURITIES PVT LTD B 593060 6.16 7 28/11/2016 530245 ARYAMAN MANLIKE CHEMICAL AND PHARMACHEUTICAL B 225000 26.54 7 28/11/2016 530245 ARYAMAN MUKESH BABULAL SHAH S 221000 26.54 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 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. 29th Nov 2016 Kapil Shah Digitally signed by Kapil Shah DN: cn=Kapil Shah, o=Choice Equity Pvt Ltd, ou=Research Team, email=kapil.shah@choiceindia.com, c=US Date: 2016.11.29 08:54:10 +05'30'