1.
SEBI Certified – Research Analyst www.choiceindia.com
Global View
India Update
Today’s Event/ Stock in News
Tech Mahindrahas enteredintoastrategicalliance withUS-basedMetricStream to deliver governance, riskandcompliance (GRC) solutionsacross
the globe, said the media report. MetricStream's leading enterprise and cloud apps for GRC allow clients to strengthen risk management,
regulatorycompliance,vendorgovernanceandqualitymanagementwhiledrivingbusinessperformance,TechMahindrasaidin astatement.Tech
MahindrahasbeenworkingwithMetricStreamproductsandsolutionsonintegrationandacceptancetestingaswellasdefining,implementingand
testing of end-to-end GRC processes, it said, adding the alliance of the two companies will help simplify governance, risk and compliance for
modern, digital enterprises. As part of the alliance, TechMahindra has also established a dedicated MetricStream Center of Excellence (CoE) in
Bengaluru,whichwillbesupportedbyexpertconsultingservicesworldwideinvariousgeographicalmarkets,itaddedasperthePTIreport.
TechnicalOutlook:Ondailychart,stockhasbeentradingwiththeHorizontalsupportlinesincelastmanydaysandrecentlystockistrading
near to that support line, which shows that bounce back movement can be seen next trading days. Moreover, stock has formed Hammer
shapedofcandlestickwithaboveaveragevolume,whichisabullishreversalindication.Amomentumindicator RSIreadingisat39.65 level
with negative crossover, however it is reading near to its upward rising trend line, which shows that positive movement wouldbe there in
thestockincomingtradingsession.Sofortradingperspective,onecouldBuyintherangeof508-511fortheTarget522withtheSLof503.
TECHM
AXISBANK
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
08th Jan 2016
Sell in the range of 409-411 for the Target of 400 with the SL of 415
Buy in the range of 508-511 for the Target of 522 with the SL of 503
Thegovernmentismullingsellingpartofitsstakeinthenation'sthird-biggestprivatesectorlender,AxisBank,NewschannelreportedonThursday.
The government is considering the sale to meet its asset sales target, Nwschannel tweeted its newswire report which cited unnamed sources. At
thecurrentmarketprice,thegovernment'sabout11.6percentstakeiswortharoundUSD1.8billion.Aspokesmanforthefinanceministryandthe
EconomicAffairsSecretarywerenotimmediatelyavailableforcomments.
Technical Outlook : On daily chart, stock has given downside breakout of its strong support of 429 level with above average volume. Moreover,
stock has been trading below its 21 Day Moving Average since last many days, which shows that near term trend is down. Besides, stock has
formed strong bearish candlestick, which indicates that further downside movement would be there in next trading session. A momentum
indicatorRSI readingis at 25.10 with negative crossover, which point out for negative breath in the stock. Sofor trading perspective, one could Sell
intherangeof409-411 fortheTargetof400withtheSLof415.
US stocks sold off further on Thursday, giving the Dow and S&P 500 their worst four-day starts to a year ever, dragged down by
another drop in Chinese equities and oil prices at 12-year lows. China allowed the biggest fall in its yuan currency in five months,
adding to investor fears about the health of its economy, while Shanghai stocks were halted for the second time this week after
another steep selloff. European stocks opened sharply lower on Thursday, as turmoil persisted in Chinese markets and global
geopoliticalconcernscontinuedtoweighonmarketsentiment.
Indianshares are likely toopen withsmall losses, a day following a brutal selloff ledbytheChinesemarket, evenas experts warned
some volatility is likelyto continue both inthe near term as well as duringthe year. Atthetime of writing,the Singapore-basedSGX
Nifty was trading 12 points, or 0.16 percent, to 7,560, indicating a similar open for the Indian Nifty. Globally, markets continue to
seesaw after Chinese stocks fell 7 percent yesterday, triggering suspension of trade -- a move that led to a brutal selloff in world
equities.

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:
Result Calendar:
8KMILES, GOACARBON & ICSL
08th Jan 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 7/1/2016 511523 VEERHEALTH BHAVNABEN VIRENDRAKUMAR PATEL B 949360 3.26
2 7/1/2016 511523 VEERHEALTH BHAVNABEN VIRENDRAKUMAR PATEL S 630324 3.17
3 7/1/2016 531934 SUPREMETEX BHAVNABEN VIRENDRAKUMAR PATEL S 344945 12.24
4 7/1/2016 533157 SYNCOM JMP SECURITIES PVT LTD S 325000 13.93
5 7/1/2016 533157 SYNCOM JMP SECURITIES PVT LTD B 325000 13.56
6 7/1/2016 531934 SUPREMETEX BHAVNABEN VIRENDRAKUMAR PATEL B 319192 12.17
7 7/1/2016 539392 SANGFROID DINESHBHAI KANJIBHAI THAKKAR S 246185 23.51
8 7/1/2016 511716 ESCORTSFIN DIAMOND LEASING & FINANCE LTD. S 243588 4.55
9 7/1/2016 533302 KICL AJINKYA INVESTMENT & TRADING CO B 210000 1889.11
10 7/1/2016 538858 CAMSONBIO STALLION INVESTMENTS B 200000 62.71
DLF & IBREALEST

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
08th Jan 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 Broking Pvt Ttd.,
ou=Research Department,
email=kapil.shah@choiceindia.com, c=IN
Date: 2016.01.08 08:27:41 +05'30'