1.
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Global View
India Update
Today’s Event/ Stock in News
After receiving showcause notices from markets regulator SEBI, news broadcaster NDTV has received a showcause notice from
the Income Tax department relating to a Rs 450-crore tax dispute. The notice was received on 16 June from the deputy
commissioner of Income Tax relating to an assessment order dated 21 February 2014, passed by the Income Tax Department for
assessment year (AY) 2009-10. In a disclosure to the stock market, the company said that the notice was issued in consequence
to an assessment of AY 2009-10, which is sub-judice before the Income Tax Appellate Tribunal (ITAT). NDTV said that the matters
included in the notice are “premature, arbitrary and unlikely to be sustained in law”. “The company’s bonafide belief is that it will
succeed in its appeal before ITAT and no penalty could be levied as alleged in the showcause notice,” NDTV said.
Technical Outlook : On Daily time frame stock is trading in lateral band from past few days. In recent decline stock is facing
consistent resistance at 21 day short term moving average. It shows consistent supply pressure at upper level. Momentum
oscillator RSI has breached its average line. So, one can sell in the range of 92.65 to 92 with SL of 94.80 with target of 89.
NDTV
HDFC
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Morning Tea
20th June 2016
Buy in the range of 1222-1227 for the Target of 1252 with SL of 1209
Sell in the range of 92.65-92 for the Target of 89 with SL of 94.80
HDFC Life and Max Life said they would explore options of merging their businesses to create India's biggest private life insurer as
consolidation heats up in India's Rs 25-lakh crore insurance industry. A three-decade-old personal relationship between HDFC
Chairman Deepak Parekh and Max Financial Services chief Analjit Singh played a key role in the decision to consider a merger that
would spawn India's biggest listed life insurer with a market cap of over Rs 50,000 crore. The two companies announced the
plans at a conference in MUMBAI hours after ET broke the deal in its edition dated June 17.
Technical Outlook : On daily chart, stock is trading above the high of hammer candlestick which is placed at 1206 level, which can
be considered as bullish reversal indication. Moreover, stock has managed to close above its 21 day moving average which is
placed at 1224 level, which shows that near term trend has changed to up. A momentum indicator RSI reading is at 54.46 level
with positive crossover, which points out for positive breath in the stock. So for trading perspective, one could Buy in the range of
1222-1227 for Target of 1252 with SL of 1209.
Asia markets turned positive on Monday after the open, amid easing Brexit concerns after several weekend polls showed the
remain camp regained momentum ahead of a referendum vote to decide the UK's future within the European Union (EU).
Australia's ASX 200 advanced 1.34 percent in early trade, with a 1.64 percent increase in the financials sub-index, which accounts
for nearly half of the broader index. The energy and materials sub-indexes also advanced 3.61 and 1.72 percent respectively. The
benchmark Nikkei 225 was up 2.62 percent as a relatively weaker yen took some pressure off stocks. Across the Korean Strait, the
Kospi gained 1.16 percent. Chris Weston, chief market strategist at spreadbettor IG, said risk appetite had increased after
weekend polls showed momentum in favor of the remain camp in the Brexit referendum.
Indian market Monday may sway to the disappointment that Reserve Bank of India Governor Raghuram Rajan has no intention to
serve second term. However, global market are positive with worries of Brexit easing a bit. Asia markets are positive after several
weekend polls showed the remain camp regained momentum ahead of a referendum vote to decide the UK's future within the
European Union (EU). The Britons will vote to decide if the UK should leave or stay within the 28-member EU trade bloc on June
28. The benchmark Nikkei 225 was up 2.62 percent as a relatively weaker yen took some pressure off stocks. Across the Korean
Strait, the Kospi gained 1.16 percent.

2.
SEBI Certified – Research Analyst www.choiceindia.com
Bulk Deal
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
20th June 2016
Security in Ban
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Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 17/06/2016 534748 STEELXIND MONOTYPE INDIA LIMITED B 600000 30.65
2 17/06/2016 534748 STEELXIND ANASUYA KONEM S 400000 30.65
3 17/06/2016 538520 SBL ARUNABEN PRAFULKUMAR BAVISHIYA B 335001 3.55
4 17/06/2016 526735 EXCAST BHANUSHALI S 208000 5.98
5 17/06/2016 526735 EXCAST BHANUSHALI B 208000 6.00
6 17/06/2016 526735 EXCAST VIRBHADRASINH JADEJA S 204000 5.99
7 17/06/2016 519287 MODAIRY RAJAN GOYAL S 203562 11.33
8 17/06/2016 532767 GAYAPROJ SATPAL KHATTAR B 184828 627.50
9 17/06/2016 539200 NOBPOL SHEKHARBHAI VORA PAYOSANI S 177730 3.51
10 17/06/2016 506016 JRIIIL AMIT MAHESH BHATT B 145004 7.02
Corporate Action:
Dena Bank; Annual General Meeting
Supreme Industries Limited; Annual General Meeting
Punjab & Sind Bank; Annual General Meeting/ Dividend- Rs 1.65/- Per Share
Result Calendar:
HUBTOWN
Corporate Action / Result Calendar
CEATLTD, IBREALEST, JETAIRWAYS, JPASSOCIAT & RCOM

3.
SEBI Certified – Research Analyst www.choiceindia.com
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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
20th 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: 2016.06.20 08:57:43 +05'30'