Reliance Communications sold 51% of its telecom tower business to Brookfield Infrastructure for Rs 11,000 crore. The proceeds will be used to pay down debt. RCom will retain 49% stake and expects the value to increase as tower tenancies grow. The stock is recommended as a buy based on technical analysis showing support at Rs 46 and an upward trend. Life Insurance Corporation reduced its stake in Raymond by 2.01% by selling shares, bringing its holding down to 5.53%. The stock is recommended as a sell based on decreasing volume and a spinning top candlestick indicating weakness. Asian shares dipped after comments from Janet Yellen boosted US bond yields, while Chinese inflation data is expected this week.

1. SEBI Certified – Research Analyst www.choiceindia.com
Global View
India Update
Today’s Event/ Stock in News
Reliance Communications Ltd (RCom) on Friday announced the sale of 51 per cent stake in its telecom tower business to Canada-
based Brookfield Infrastructure Group, for an upfront cash payment of Rs 11,000 crore. RCom plans to utilise the sale proceeds to
reduce debt, the statement added. Sources pointed out that RCom will retain 49 per cent stake in the business to be monetised
later,asitexpectsconsiderablevaluecreationonaccountofprojectedgrowthintowertenanciesoverthenextcoupleofyears.
Technical Outlook: On daily chart, stock has given close above its 21 day moving average which is placed at 47.55 level which
shows that near term trend is up and stock could accelerates its upside movement. Moreover, stock has strong support at 46 level
which also indicates strength in the stock. A momentum indicator RSI reading is at 49.70 level with positive crossover which point
outforpositivebreathinthestock.Sofortradingperspective,onecouldBuyinrangeof47.50-48.50forTargetof52withSLof46.
RCOM
RAYMOND
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
17th Oct 2016
Sell in range of 581-584 for Target of 570 with SL of 590
Buy in range of 47.50-48.50 for Target of 52 with SL of 46
State-owned Life Insurance Corporation (LIC) has reduced its stake in fabrics and garments firm Raymond Ltd by 2.01 per cent, by
selling 12.34 lakh shares in the open market. LIC, which had 7.54 per cent stake earlier, brought down its shareholding in the
companyto5.53percentbysellingsharesbetweenMarch15,2012,andOctober10,2016,RaymondsaidinafilingtotheBSE.
Technical Outlook: Ondailychart,stockhas beentradinginanuptrend butwithgradually decreasingvolume which indicatesthat
not enough strength is there in the counter for further upside movement. Moreover, stock has formed spinning top candlestick on
higher level, which also shows weakness in the counter. A momentum indicator RSI reading is at 69.47 level with lower top
formation which point out for negative breath in the stock. So for trading perspective, one could Sell in range of 581-584 for Target
of570withSLof590.
Asian shares dipped on Monday while the dollar held firm near seven-month high against a basket of major currencies after
comments from Federal Reserve Chair Janet Yellen boosted long-dated US bond yields. MSCI's broadest index of Asia-Pacific shares
outside Japan dipped 0.2 percent in early trade while Japan's Nikkei rose 0.2 percent. China also reported higher than-expected
inflation in September for consumers and producers alike, with producer prices rising for the first time since January 2012. Chinese
economic datadueonWednesday,includingJuly-Sept GDP,will beakey focusofthisweek. TheIndianequitymarket isexpectedto
opengapdowntodaytrackingAsianindices.SGXNiftyistradingat8581Downby31points.
US stocks ended little changed on Friday, losing ground late after Federal Reserve Chair Janet Yellen's comments on the
economy unnerved investors. Financial shares finished up, giving the S&P 500 its biggest boost after stronger-than-
expected bank results, but gave up most of their early gains. Healthcare shares led declines. Yellen, in a speech at a
conference of policymakers and academics, laid out the deepening concern at the Fed that US economic potential is
slipping - and may need aggressive steps to rebuild it. The Dow Jones industrial average closed up 39.44 points, or 0.22
percent, to 18,138.38, the S&P 500 gained 0.43 points, or 0.02 percent, to 2,132.98 and the Nasdaq Composite added
0.83points,or0.02percent,to5,214.16.

2. SEBI Certified – Research Analyst www.choiceindia.comSEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
17th Oct 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 14/10/2016 531499 SYBLY CCL INTERNATIONAL LIMITED S 590629 10.41
2 14/10/2016 531499 SYBLY ANKUR TUKARAMMAYEKAR S 446257 10.60
3 14/10/2016 531499 SYBLY ANKUR TUKARAMMAYEKAR B 446257 10.44
4 14/10/2016 531499 SYBLY DINESH SHAH S 406496 10.57
5 14/10/2016 531499 SYBLY DINESH SHAH B 406496 10.47
6 14/10/2016 500256 LOKHSG HRIDAYNATH CONSULTANCY PRIVATE LIMITED B 331901 4.31
7 14/10/2016 531499 SYBLY AMIT GAUTAMKAWDE S 274875 10.72
7 14/10/2016 531499 SYBLY AMIT GAUTAMKAWDE B 274606 10.69
7 14/10/2016 532888 ASIANTILES MUKESHBHAI JIVABHAI PATEL B 246700 279.00
7 14/10/2016 539697 AIRL BRAHMAJI A B 120000 8.17
Corporate Action / Result Calendar
Result Calendar:
ATISHAY, BHARATSE, DAL, DHFL, FIBERWEB, HIL, KOCL, KUNSTOFF, LAKSHVILAS, ORIENTPPR,
SUMEETINDS, ULTRACEMCO, VIRTUALG, WELCURE, ZENSARTECH.
IBREALEST, JINDALSTEL.

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
17th Oct 2016
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
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: 2016.10.17 08:44:08 +05'30'