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1. SEBI Certified – Research Analyst www.choiceindia.com
Global View
India Update
Today’s Event/ Stock in News
Aditya Birla Group company UltraTech Cement Ltd on Tuesday reported a growth of 29.2 per cent in its consolidated net profit
after taxes (PAT) at Rs 780.11 crore for the April-June quarter of FY17. The consolidated net profit of the country’s biggest
cement manufacturer stood at Rs 603.92 crore during the same period a year ago, said UltraTech Cement Ltd in a filing to the
Bombay Stock Exchange on July 19, 2016. Further, the consolidated total income of the grey & white cement maker rose by 4.7
per cent at Rs 6,740.72 crore during Q1 FY 16, as compared to Rs 6,440.94 crore during the same period last year. During the
quarter under review, it’s consolidated net sales rose to Rs 6,537.83 crore in April-June quarter of 2016-17, from Rs 6,281.27
crore in the same quarter of 2015-16 fiscal.
Technical Outlook: On daily chart, stock has been trading in a higher top higher bottom formation since last many days, which
indicates that stock could likely to continuous its upside movement from the present level. Moreover, stock has been trading
above its 21 day moving average which is placed at 3413.10 level, which shows that near to short term trend is up. A momentum
indicator RSI reading is at 62.10 level with positive crossover, which point out for positive breath in the stock. So for trading
perspective, one could Buy in range of 3490-3505 for Target of 3575 with SL of 3455.
ULTRACEMCO
RCOM
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
20th July 2016
Sell in range of 49 to 49.5 for Target of 47 with SL of 50.10
Buy in range of 3490-3505 for Target of 3575 with SL of 3455
The department of telecommunications (DoT) has started issuing notices to six telecom operators for under-reporting revenues
during 2008-09. According to sources in the telecom ministry, notices for one circle each of every operator were issued last
Friday and the same will be done for the remaining 21 circles in the next two months. After this, the department will issue notices
for 2009-10. The DoT in 2012 had raised a demand of Rs 1,637 crore from Airtel, Vodafone, Reliance Communications, Tata
Teleservices and Idea Cellular for under-reporting revenue during 2006-07 and 2007-08.
Technical Outlook : For hourly chart, Stock has given fresh breakout of bearish cup & handle pattern. On daily chart from Past two
day stock has facing strong resistance at 20 as well as 50 DMA which is place at 50.90 & 49.74. Stock is trading below all moving
averages which suggest short term medium term and long term trend is down. A momentum indicator RSI Reading is at 45.20
level and about to negative crossover, which point out for negative breath in the stock.
The S&P 500 pulled back from record highs on Tuesday, while the Dow industrials edged up for an eighth straight day of gains, as
investors digested mixed earnings reports amid lowered expectations for global economic growth. Netflix's disappointing
quarterly results weighed on the S&P 500 and the Nasdaq, while Johnson & Johnson's strong earnings and forecast helped prop
up the Dow. The International Monetary Fund cut its global growth forecasts for the next two years, citing uncertainty over
Britain's looming exit from the European Union. Even with the economic concerns triggered by Britain's recent vote, the S&P 500
and Dow have hit record highs in the past week. But investors are closely watching US corporate earnings for signs of whether
the momentum for equities can be maintained.
The market may be a bit under pressure Wednesday on global cues and IMF outlook. For the first time in two years, International
Monetary Fund (IMF) has cut India's growth forecast and also slashed growth outlook for almost every geography thanks to
Brexit. The IMF has cut India's growth projections to 7.4 percent for 2016 and 2017, a drop of 0.1 percent from its previous
forecast, attributing it to a more sluggish investment recovery while declaring Brexit as a "spanner" in the global economic
recovery. Yesterday, the 30-share BSE Sensex was up 40.96 points at 27787.62 after a swing of 189 points intraday while the 50-
share NSE Nifty rose 19.85 points to 8528.55.

2. SEBI Certified – Research Analyst www.choiceindia.comSEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
20th July 2016
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Corporate Action:
Alembic Pharmaceuticals Limited; Annual General Meeting/Dividend - Rs 4/- Per Share
Tube Investments of India Limited; Annual General Meeting/ Special Dividend -Rs 3.50/- Per Share
Astra Microwave Products Limited; Annual General Meeting/ Dividend - Rs 1.20/- Per Share
Adlabs Entertainment Limited; Annual General Meeting
Alkyl Amines Chemicals Limited; Annual General Meeting
Indoco Remedies Limited; Annual General Meeting/Dividend Re 0.20 Per Share
HIL Limited; Annual General Meeting/ Dividend -Rs 10/- Per Share
Dr. Lal Path Labs Ltd.; Annual Genral Meeting/Dividend Rs 2.45 Per Share
Mahindra Lifespace Developers Limited; Annual General Meeting/ Final Dividend - Rs 6/- Per Share
Pioneer Embroideries Limited; Annual General Meeting
Kesoram Industries Limited; Annual General Meeting
The Karnataka Bank Limited; Annual General Meeting/ Dividend - Rs 5/- Per Share
Ortel Communications Limited; Annual General Meeting
Shriram City Union Finance Limited; Annual General Meeting/ Dividend - Rs 10/- Per Share
Sical Logistics Limited; Annual General Meeting
Suryalakshmi Cotton Mills Limited; Annual General Meeting/ Dividend - Rs 1.80/- Per Share
Swelect Energy Systems Limited; Annual General Meeting/ Dividend - Re 1/- Per Share
Astec LifeSciences Limited; Annual General Meeting
Result Calendar:
CROMPGREAV, FOSECOIND, IFBAGRO, KABRAEXTRU, KITEX, LAKSHMIO, NUCLEUS,PLASTIBLEN,
SASKEN & SKFINDIA
Corporate Action / Result Calendar
Bulk Deal
Security in Ban
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 19/07/2016 536672 VCU DIPAKKUMAR CHIMANLAL SHAH S 399000 11.88
2 19/07/2016 532692 RMCL PRITI CHETAN MEHTA S 395000 9.60
3 19/07/2016 536672 VCU RISHI SHASHIKANTBHAI DHOLAKIA B 393000 11.90
4 19/07/2016 538520 SBL RAMKARAN HIRVEY S 325000 2.50
5 19/07/2016 533543 BROOKS RAJIV ARORA B 188147 119.54
6 19/07/2016 533543 BROOKS RAJIV ARORA S 180233 119.18
7 19/07/2016 532630 GOKEX PRIYANKA FINANCE PVT LTD B 175000 105.07
8 19/07/2016 534707 ANSHUS JMP SECURITIES PVT LTD S 150891 3.71
9 19/07/2016 536659 PVVINFRA SRINIVASU APPALA S 100000 9.16
10 19/07/2016 539200 NOBPOL PUNAJI SOMAJI THAKOR S 96727 3.18
BANKINDIA, CANBK, IBREALSEST, JINDALSTEL, 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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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
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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
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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
20th July 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: 2016.07.20 08:58:52 +05'30'