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SEBI Certified – Research Analyst www.choiceindia.com
Global View
India Update
Today’s Event/ Stock in News
Iron ore and coking coal have been seeing a lot of cost escalation recently. Kalyani Steels, which has not benefited from the
Minimum Import Price (MIP), is also bearing the brunt of these costs. BTVi spoke to RK Goyal, Managing Director, Kalyani Steels, to
getanoutlookastohowthesteelpriceswillpanoutgoingaheadandhowthecompanyisgoingthroughthesetimes.
Technical Outlook: On daily chart, stock has formed Long Bearish candlestick with above average volume which shows that
accentuated selling activity from the day’s high which led the price towards bottom. Moreover, stock has given close below its 50
daymovingaveragewhichis placedat 307.40 levelwhichindicatesthattrendhaschangedtodownside. AmomentumindicatorRSI
reading is at 33.71 level with negative crossover which point out for negative breath in the stock. So for trading perspective, one
couldSellinrangeof295-297forTargetof288withSLof300.50.
KSL
ALKEM
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
30th Sep 2016
Sell in range of 1800-1810 for Target of 1828 with SL of 1765
Sell in range of 295-297 for Target of 288 with SL of 300.50
Drug firm Alkem Laboratories today said it has received inspection report with thirteen observations from the US health regulator
after the inspection of its manufacturing facility at Daman. An FDA Form 483 is issued to firm management at the conclusion of an
inspection "when an investigator(s) has observed any conditions that in their judgement may constitute violations of the Food Drug
and Cosmetic Act and related Acts." "The company shall put together a detailed response with adequate corrective and preventive
measures to address the US FDA observations and the same is proposedto be filed within the timeline stipulated by USFDA, Alkem
Laboratoriessaid.
Technical Outlook: On daily chart, stock has been facing strong resistance at 1850 level since last four days, which indicates for
weakness in the counter. Moreover, stock has formed Hanging Man candlestick which is a bearish reversal candle and indicates for
downside move. Amomentum indicator RSI reading is at 68.83 level with negative crossover which point out for negative breath in
thestock.Sofortradingperspective,onecouldSellinrangeof1800-1810forTargetof1765withSLof1828.
Asian stocks followedWall Street lower in early trade on Friday, while oil prices held close to the highest level in almost a month on
optimismoveranOPECplantocurboutput.MSCI'sbroadestindexofAsia-Pacificsharesoutside Japanfell0.5 percent,ontrackfora
0.4 percent drop for the week. It is poised for a 2.2 percent gain in September, and a 9.5 percent jump in the third quarter. Japan's
Nikkei retreated 1.5 percent after sluggish consumption data. It is down 1.7 percent for the month, but set to end the quarter 5.7
percent higher. The Indian equity market is expected to open gap down today tracking Asian indices. SGX Nifty is trading at 8594
Downby50points.
Wall Street dropped on Thursday, weighed down by Apple as well as selling in Wells Fargo, Citigroup and other major banks as
investors worried about the health of Deutsche Bank. The S&P 500 financial index declined 1.49 percent after Bloomberg reported
thatsomehedgefundshavewithdrawnexcesscashandpositions heldattheGermanlender. Growingconcernsoverthe stabilityof
Germany's biggest bank have pushed its shares to record lows and its US-listed stock on Thursday tumbled 6.7 percent. The CBOE
Volatility Index, a gauge of near-term investor anxiety, jumped 14 percent. The Dow Jones industrial average slid 1.07 percent to
18,143.45 points at the close, its sharpest decline since Sept 13. The S&P 500 lost 0.93 percent to end at 2,151.13 and the Nasdaq
Compositedropped0.93percentto5,269.15.
SEBI Certified – Research Analyst www.choiceindia.comSEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
30th Sep 2016
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Bulk Deal
Security in Ban
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 29/09/2016 530187 ATHARVENT SURESH KUMAR JAIN B 3400000 2.94
2 29/09/2016 530187 ATHARVENT AMAN SHREE TRADING AND REAL ESTATE PRIVATE LIMITEDS 2744000 2.94
3 29/09/2016 530187 ATHARVENT BHANWAR LAL DARGAR HUF B 1100000 2.94
4 29/09/2016 531467 ARNAVCORP GITABEN BANKIMBHAI SHAH B 573492 3.87
5 29/09/2016 534109 PYXISFIN BHARAT BAGRI S 572000 26.00
6 29/09/2016 534109 PYXISFIN CENTRUMDIRECT LIMITED B 572000 26.00
7 29/09/2016 533208 EMAMIPAP INDI STOCK PRIVATE LTD S 500000 72.25
7 29/09/2016 531467 ARNAVCORP GITABEN BANKIMBHAI SHAH S 405936 3.86
7 29/09/2016 533204 MANDHANA JMP SECURITIES PVT LTD B 210002 34.65
7 29/09/2016 526179 LUDLOWJUT MANU GOPALDAS CHHABRIA S 77000 103.19
Corporate Action / Result Calendar
Result Calendar:
SEBI Certified – Research Analyst www.choiceindia.com
Contact Us
www.choicebroking.in
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.
SEBI Certified – Research Analyst www.choiceindia.com
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
Morning Tea
30th Sep 2016
SEBI Registered – Research Analyst www.choicebroking.in * 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: 2016.09.30 08:37:46 +05'30'

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Morning tea 30 09-2016

  • 1. SEBI Certified – Research Analyst www.choiceindia.com Global View India Update Today’s Event/ Stock in News Iron ore and coking coal have been seeing a lot of cost escalation recently. Kalyani Steels, which has not benefited from the Minimum Import Price (MIP), is also bearing the brunt of these costs. BTVi spoke to RK Goyal, Managing Director, Kalyani Steels, to getanoutlookastohowthesteelpriceswillpanoutgoingaheadandhowthecompanyisgoingthroughthesetimes. Technical Outlook: On daily chart, stock has formed Long Bearish candlestick with above average volume which shows that accentuated selling activity from the day’s high which led the price towards bottom. Moreover, stock has given close below its 50 daymovingaveragewhichis placedat 307.40 levelwhichindicatesthattrendhaschangedtodownside. AmomentumindicatorRSI reading is at 33.71 level with negative crossover which point out for negative breath in the stock. So for trading perspective, one couldSellinrangeof295-297forTargetof288withSLof300.50. KSL ALKEM SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website Morning Tea 30th Sep 2016 Sell in range of 1800-1810 for Target of 1828 with SL of 1765 Sell in range of 295-297 for Target of 288 with SL of 300.50 Drug firm Alkem Laboratories today said it has received inspection report with thirteen observations from the US health regulator after the inspection of its manufacturing facility at Daman. An FDA Form 483 is issued to firm management at the conclusion of an inspection "when an investigator(s) has observed any conditions that in their judgement may constitute violations of the Food Drug and Cosmetic Act and related Acts." "The company shall put together a detailed response with adequate corrective and preventive measures to address the US FDA observations and the same is proposedto be filed within the timeline stipulated by USFDA, Alkem Laboratoriessaid. Technical Outlook: On daily chart, stock has been facing strong resistance at 1850 level since last four days, which indicates for weakness in the counter. Moreover, stock has formed Hanging Man candlestick which is a bearish reversal candle and indicates for downside move. Amomentum indicator RSI reading is at 68.83 level with negative crossover which point out for negative breath in thestock.Sofortradingperspective,onecouldSellinrangeof1800-1810forTargetof1765withSLof1828. Asian stocks followedWall Street lower in early trade on Friday, while oil prices held close to the highest level in almost a month on optimismoveranOPECplantocurboutput.MSCI'sbroadestindexofAsia-Pacificsharesoutside Japanfell0.5 percent,ontrackfora 0.4 percent drop for the week. It is poised for a 2.2 percent gain in September, and a 9.5 percent jump in the third quarter. Japan's Nikkei retreated 1.5 percent after sluggish consumption data. It is down 1.7 percent for the month, but set to end the quarter 5.7 percent higher. The Indian equity market is expected to open gap down today tracking Asian indices. SGX Nifty is trading at 8594 Downby50points. Wall Street dropped on Thursday, weighed down by Apple as well as selling in Wells Fargo, Citigroup and other major banks as investors worried about the health of Deutsche Bank. The S&P 500 financial index declined 1.49 percent after Bloomberg reported thatsomehedgefundshavewithdrawnexcesscashandpositions heldattheGermanlender. Growingconcernsoverthe stabilityof Germany's biggest bank have pushed its shares to record lows and its US-listed stock on Thursday tumbled 6.7 percent. The CBOE Volatility Index, a gauge of near-term investor anxiety, jumped 14 percent. The Dow Jones industrial average slid 1.07 percent to 18,143.45 points at the close, its sharpest decline since Sept 13. The S&P 500 lost 0.93 percent to end at 2,151.13 and the Nasdaq Compositedropped0.93percentto5,269.15.
  • 2. SEBI Certified – Research Analyst www.choiceindia.comSEBI Certified – Research Analyst www.choiceindia.com Morning Tea 30th Sep 2016 SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website Bulk Deal Security in Ban Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price 1 29/09/2016 530187 ATHARVENT SURESH KUMAR JAIN B 3400000 2.94 2 29/09/2016 530187 ATHARVENT AMAN SHREE TRADING AND REAL ESTATE PRIVATE LIMITEDS 2744000 2.94 3 29/09/2016 530187 ATHARVENT BHANWAR LAL DARGAR HUF B 1100000 2.94 4 29/09/2016 531467 ARNAVCORP GITABEN BANKIMBHAI SHAH B 573492 3.87 5 29/09/2016 534109 PYXISFIN BHARAT BAGRI S 572000 26.00 6 29/09/2016 534109 PYXISFIN CENTRUMDIRECT LIMITED B 572000 26.00 7 29/09/2016 533208 EMAMIPAP INDI STOCK PRIVATE LTD S 500000 72.25 7 29/09/2016 531467 ARNAVCORP GITABEN BANKIMBHAI SHAH S 405936 3.86 7 29/09/2016 533204 MANDHANA JMP SECURITIES PVT LTD B 210002 34.65 7 29/09/2016 526179 LUDLOWJUT MANU GOPALDAS CHHABRIA S 77000 103.19 Corporate Action / Result Calendar Result Calendar:
  • 3. SEBI Certified – Research Analyst www.choiceindia.com Contact Us www.choicebroking.in 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. SEBI Certified – Research Analyst www.choiceindia.com 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 Morning Tea 30th Sep 2016 SEBI Registered – Research Analyst www.choicebroking.in * 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: 2016.09.30 08:37:46 +05'30'