Glenmark Pharmaceuticals is seeking shareholder approval to raise up to $500 million through the issue of securities in domestic and international markets. The funds will be used to expand marketing networks domestically and overseas, set up manufacturing infrastructure, focus on research and development, and introduce new products. Technically, the stock has closed above a bullish reversal pattern and is trading above its 21-day moving average, indicating an upward trend. The recommendation is to buy the stock in the range of 929-934 for a target price of 953 with a stop loss of 919.

1. SEBI Certified – Research Analyst www.choiceindia.com
Global View
India Update
Today’s Event/ Stock in News
Glenmark Pharmaceuticals is seeking shareholders’ approval to raise up to $500 million (around Rs 3,300 crore) by issue of securities in domestic
and international markets. In order to capitalise on various opportunities for further growth of the business, the company intends to enhance its
marketing network both in domestic and overseas market, set upmanufacturing infrastructure, focus on R&D and introduce new products across
variousmarkets.
Technical Outlook : On daily chart, stock has managed to close above the High of Doji candlestick which it formed day before yesterday,
which is a bullish reversal indication. Moreover, stock has been trading above its 21 Day Moving Average (which is placed at 921 level),
which shows that near term trend is up. A momentum indicator RSI reading is at 51 level with positive crossover, which point out for
positivebreathinthestock.Sofortradingperspective,onecouldBuyintherangeof929-934fortheTargetof953withtheSLof919.
GLENMARK
M&M
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
30th Dec 2015
Buy in the range of 1260-1266 for the Target of 1292 with the SL of 1247
Buy in the range of 929-934 for the Target of 953 with the SL of 919
Mahindra&Mahindra’s(M&M)whollyownedsubsidiary--MahindraFirstChoiceServices (MFCS) -- amulti-brandcertifiedused car company,has
inaugurated its 12th outlet in Telangana. This new outlet -- Paramount AutoBay Services -- is spread over 3500 square feet and located at
Neredmet, Secunderabad. This is the company’s 128th dealership in the zone and 701st in the country. Mahindra First Choice Wheels is the
country’s preferred used car mart and is India’s only organized multi-brand player, with 500+ outlets in 270+ cities in India. The company plans to
expandthisnumber to1800 outlets bytheyear2020. The companyoffers agear-shifting experience throughhighqualityandhassle-free used car
buyingandsellingservices.
TechnicalOutlook:Onhourlychart,stockhasgivenpositivebreakoutofitsupperbandofsymmetricaltrianglepattern,whichindicatesthatupside
movement can be seen in few trading session. Moreover, stock has formed Bullish Engulfing candlestick, which is a sing of bullish reversal. A
momentum indicator RSI reading is at 47.20 level with positive crossover, which point out for positive breath in the stock. So for trading
perspective,onecouldBuyintherangeof1260-1266 fortheTargetof1292 withtheSLof1247.
WallStreet fellonMonday,hurt by asteepdropinoil pricesaswell as a dipinApple shares, pushingtheS&P500 backinto negative
territory for 2015. Following the US Federal Reserve's first rate hike in almost a decade this month, the S&P 500 is marginally lower
for the year andthe Dow Jones industrial average is almost 2 percent weaker, disappointing investors hoping for a last-minute rally.
Heading into the final week of the year, trading volumes are expected to remain light as many traders already closed books due to
the holiday period, reducing liquidity in the market and increasing volatility. Asian shares glided higher in early trading on
Wednesday, taking their cues from overseas gains, although investors are cautiously watching to see whether renewed selling in
crudeoilfutureswilldentsentiment.
TheIndianNiftyislikelytoopenflattoday.IndicatorSGXNiftywastradingat7935,down3pointsat7:40.Asiansharesglidedhigher
inearlytrading,althoughinvestorsarecautiouslywatchingwhetherrenewedsellingincrudeoilfutureswilldentsentiment.TheUS
markettooendedhigherwiththetechnologysectorleadingbroadgainsamidsomestabilisationinoilandcommodityprices.Inthe
currencyspace,theUSdollargainedagainsttheeuroaftergreaterriskappetitehurtdemandandnewpressurefromshortsellers
likelyweighedontheEuro.

2. SEBI Certified – Research Analyst www.choiceindia.com
Bulk Deal
Corporate Action / Result Calendar
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
Corporate Action:
Allcargo Logistics Limited; Bonus 1:1
Result Calendar:
30th Dec 2015
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 29/12/2015 535566 KIFS KIFS SECURITIES PRIVATE LIMITED S 8050000 22.75
2 29/12/2015 535566 KIFS KHANDWALA COMMERCIAL PRIVATE LIMITED B 8050000 22.75
3 29/12/2015 534060 PMCFIN SEABIRD VINCON PRIVATE LIMITED S 7000000 0.54
4 29/12/2015 534060 PMCFIN PARESH RAMJIBHAI CHAUHAN S 4196511 0.56
5 29/12/2015 534060 PMCFIN PARESH RAMJIBHAI CHAUHAN B 4196511 0.55
6 29/12/2015 538566 POTENTIAL SAKET AGRAWAL B 3509999 11.01
7 29/12/2015 534060 PMCFIN VIBRANT SECURITIES PRIVATE LIMITED B 3502664 0.55
8 29/12/2015 534060 PMCFIN SEABIRD DISTRIBUTORS PRIVATE LIMITED S 3200000 0.52
9 29/12/2015 534060 PMCFIN VIBRANT SECURITIES PRIVATE LIMITED S 2702664 0.56
10 29/12/2015 533157 SYNCOM AVATAR INDIA OPPORTUNITIES FUND S 1000000 11.10
DLF, INDIACEM, JINDALSTEL, JISLJALEQS, JPASSOCIATE, KSCL, UNITECH & WOCKPHARMA

3. SEBI Certified – Research Analyst www.choiceindia.com
Contact Us
www.choiceindia.com
www.choiceindia.comcustomercare@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
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
30th Dec 2015
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website