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Global View
India Update
Today’s Event/ Stock in News
Petrol price was marginally hiked by 5 paise a litre and diesel by Rs 1.26 a litre on June 15, the fourth increase in rates in six
weeks. Petrol will cost Rs 65.65 a litre in Delhi from midnight tonight as compared to Rs 65.60 per litre currently, Indian Oil Corp,
the nation's largest fuel retailer, announced. Similarly, diesel will cost Rs 55.19 per litre as against Rs 53.93 a litre currently. This is
the fourth increase in auto fuel prices since May 1. Petrol price was last hiked by Rs 2.58 a litre on June 1 and diesel by Rs 2.26 a
litre following oil prices crossing USD 50 per barrel mark.
Technical Outlook : On daily chart, stock formed bullish engulfing candlestick with the support of its 21 day moving average,
which indicates for upside movement that can be seen in next few trading sessions. Moreover, stock has managed to sustain
above its 50 day moving average which is placed at 415.60 level, which shows that short term trend is up. A momentum indicator
RSI reading is at 53.05 with positive crossover, which point out for positive breath in the stock. So for trading perspective, one
could Buy in the range of 415-417 for Target of 425.50 with SL of 410.50.
IOC
TATASPONGE
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
16th June 2016
Buy in the range of 661-665 for the Target of 679 with the SL of 654
Buy in the range of 415-417 for the Target of 425.5 with the SL of 410.50
Tata Sponge Iron today said it has won the bid for delivery of 24,000 tonnes of coal from state-run miner Coal India Ltd (CIL).
Tata Sponge is a coal-based merchant sponge iron producer and operates three rotary kilns with an installed capacity of 3,90,000
tonnes per annum (TPA) to produce sponge iron. According to its annual report, the firm used coal worth about Rs 229 crore in
2014-15 against around Rs 263 crore in 2013-14. Iron ore and coal alone constitute more than 80 percent of the cost of
production. During 2014-15, the firm sourced almost its entire iron ore requirement from Tata Steel
Technical Outlook: On daily chart, stock has given positive breakout of its upper band of symmetrical triangle pattern with above
average volume, which indicates for robust upside movement. Moreover, stock has been continuously trading with its 21 day
moving average which is placed at 602 level, which shows that near term trend is up. A momentum indicator RSI reading is at
69.02 level with positive crossover, which point out for positive breath in the stock. So for trading perspective, one could Buy in
the range of 661-665 for Target of 679 with SL of 654.
Indian equity markets are expected to open weak Thursday, following culmination of the Federal Reserve's two-day monetary
policy meeting where it stood pat on rates citing the Brexit risk and after the recent weak US jobs data. Commentary of Fed chair
Janet Yellen indicated a rate hike now looked unlikely in July, giving markets a jitter over whether the US central bank has a
strong handle on the economy. Overnight, Wall Street snapped a five-day winning streak to close lower. In Singapore this
morning, the SGX Nifty was trading at 8189.00, down 23.00 points indicating a small gap-down for Dalal Street in today's trade. In
Asia, all eyes are set on the Bank of Japan's policy decision due today. In Japan, economists have mixed opinions on whether BoJ
governor Haruhiko Kuroda will boost stimulus.
Indian equity markets are expected to open weak Thursday, following culmination of the Federal Reserve's two-day monetary
policy meeting where it stood pat on rates citing the Brexit risk and after the recent weak US jobs data. Commentary of Fed chair
Janet Yellen indicated a rate hike now looked unlikely in July, giving markets a jitter over whether the US central bank has a strong
handle on the economy. Overnight, Wall Street snapped a five-day winning streak to close lower. In Singapore this morning, the
SGX Nifty was trading at 8189.00, down 23.00 points indicating a small gap-down for Dalal Street in today's trade. In Asia, all eyes
are set on the Bank of Japan's policy decision due today. In Japan, economists have mixed opinions on whether BoJ governor
Haruhiko Kuroda will boost stimulus.

2. SEBI Certified – Research Analyst www.choiceindia.com
Bulk Deal
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
16th June 2016
Security in Ban
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 15/06/2016 539725 GOKULAGRO BALVANTSINH CHANDANSINH RAJPUT S 5000000 16.30
2 15/06/2016 532980 GOKUL BALVANTSINH CHANDANSINH RAJPUT B 4000000 16.50
3 15/06/2016 532980 GOKUL KANUBHAI JIVATRAMTHAKKAR S 4000000 16.50
4 15/06/2016 539725 GOKULAGRO KANUBHAI JIVATRAMTHAKKAR B 4000000 16.30
5 15/06/2016 500003 AEGISLOG CREDIT SUISSE (SINGAPORE) LIMITED A/C CRED S 1675000 119.00
6 15/06/2016 509053 BANASFN NIRAJ JAYANTILAL VORA S 1000000 0.72
7 15/06/2016 509053 BANASFN PIYUSHKUMAR THUMMAR B 998180 0.72
8 15/06/2016 526735 EXCAST PAYAL JAYESHBHAI MADIYAR S 269900 5.48
9 15/06/2016 539311 NFIL ASHISHBHAI JITENDRABHAI JOSHI B 237001 11.72
10 15/06/2016 531499 SYBLY DINESH PAREEKH B 225000 6.45
Corporate Action:
UPL Limited; Annual General Meeting/ Dividend - Rs 5/- Per Share
Bank of Baroda; Annual General Meeting
Shriram Pistons & Rings Limited; Dividend - Rs 2/- Per Share
Asian Paints Limited; Annul General Meeting/ Dividend - Rs 5.30/- Per Share
ICICI Bank Limited; Annual General Meeting/ Dividend - Rs 5/- Per Share
Vijaya Bank; Annual General Meeting
Gulshan Polyols Limited; Dividend - Rs 1.75/- Per Share
Uniphos Enterprises Limited; Annual General Meeting
United Bank of India; Annual General Meeting
Syndicate Bank; Annual General Meeting
Result Calendar:
Corporate Action / Result Calendar
CANBK, JETAIRWAYS, JPASSOCIAT & RCOM

3. SEBI Certified – Research Analyst www.choiceindia.com
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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
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SEBI Certified – Research Analyst www.choiceindia.com
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
16th June 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 Pvt Ltd,
ou=Research Team,
email=kapil.shah@choiceindia.com, c=US
Date: 2016.06.16 08:31:48 +05'30'