Morning Tea 8/9/2015

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Global View
India Update
Today’s Event/ Stock in News
ITC is reportedly planning to offer its distribution network to startups and smaller FMCG companies that want to go national for a fee to create a
new revenue stream. This will cover all parts of the country through some 4.3 million shops. The tobacco-FMCG-hospitality major is even open to
theideaofacquiringstakeinsomeofthesesmallercompanies. ITChasbusinessainterestsincigarettes,hotels,paperboardsandspecialtypapers,
packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches
andotherFMCGproducts.
Technical Outlook : On daily chart, the stock has moving in symmetrical triangle formation since last from 4 months. Moreover, prices have
been taking support of lower band of triangle formation at 310.50 levels. On the other hand, momentum indictor RSI has taken support of
rising trend line at 43.40 levels which indicates the possibilities of bounce back in the prices. So for trading prospective, one could Buy in the
rangeof311-313 forthetargetof319-322 levels.
Dr Reddy's Laboratories' US subsidiary is recalling over 55,000 bottles of Amlodipine besylate and Atorvastatin calcium tablets in a variety of
strengths including 2.5mg/10mg, 2.5 mg/20 mg and 10mg /80 in 30 and 90 count bottles, used to treat high blood pressure and cholesterol
related diseases, in the US market. The tablets were manufactured at the company's Bachupally unit. Dr. Reddy's is an integrated global
pharmaceutical company, committed to providing affordable and innovative medicines for healthier lives. Through its three businesses -
PharmaceuticalServicesandActiveIngredients,GlobalGenericsandProprietaryProducts-thecompanyoffersaportfolioofproductsandservices
includingAPIs,custompharmaceuticalservices,generics,bio-similars,differentiatedformulationsandNCEs.
Technical Outlook: The stock has given the breakdown of its horizontal channel formation with above average volume at 3978 levels on daily
chart which shows accentuated selling pressure and might see further downside. Beside, stock has given close below its strong support of 50
DMA (which stands at 3991 level), suggesting short term trend is down. Momentum indicator RSI has remained below 60 levels which gives
negativemomentumtotheprices.Sofortradingprospective,onecouldSellintherangeof3946-3960 forthetargetof3900-3860 levels.
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Morning Tea
08th Sept 2015
Sell in the range of 3946-3960 with of SL 4000 for the Target of 3900-3860
Buy in the range of 311-313 with of SL 308 for the Target of 319-322ITC
DRREDDY
The US market was shut yesterday but the European equities ended higher, bucking the trend set in Asia. Trading was lighter than usual with U.S.
marketsclosedfortheLaborDayholiday,whileinvestorsacrossallassetclassescontinuedtodigesttheimplicationsoflastweek'sU.S.jobsdatafor
the timing of the first U.S.interest rate hike since 2006. European stocks rose onMonday, lifted by mining and commodities giant Glencore after it
pledged to slash its debt by a third, and countering a fall in Asian markets led by weakness in China following a four-day break there. European
markets finished mixed as of the most recent closing prices. Germany's DAX was up 0.7 percent at 10,108.61 points, France's CAC 40 was up 0.59
percentat4,549.64 pointsandBritain'sFTSE100indexfinishedup0.52percentat6,074.52.
Asian stocks traded mixed early Tuesday, as investors awaited fresh data due out of the world's second-biggest economy. China releases trade
figuresforAugustand economistspolledbyReutersexpectexportstohavedeclined6percenton-year,afteran8.3percentplungein July.Imports
are seen dropping 8.2 percent in August, following a fall of 8.1 percent in the previous month. Meanwhile, Japan's revised gross domestic product
(GDP) for the secondquarter shrankanannualized 1.2 percent, less than the initial estimate ofa 1.6 percent contraction. The Shanghai Composite
index traded at -0.18 % to 3074.83, Hang Seng index traded at 0.64 % to 20716.07, Japan's benchmark Nikkei 225 index down by 0.76% to
17725.36, South Korea's Kospiindex edged marginallydownby-0.23% to 1878.93 levels. The SGX Nifty suggest apositive openingforour markets
butNiftyislikelytoopenflatasAsiaistradingmix.

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Bulk Deal
Corporate Action / Result Calendar
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
08th Sept 2015
Security in Ban
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Corporate Action:
Panama Petrochem Limited; Annual General Meeting/ Dividend - Rs 2/- Per Share.
Supreme Industries Limited; Annual General Meeting/Dividend Rs 7/- Per Share.
Kolte - Patil Developers Limited; Annual General Meeting/Dividend Rs 2/- Per Share.
Neyveli Lignite Corporation Limited; Annual General Meeting/ Dividend Re 1/- Per Share.
Superhouse Limited; Annual General Meeting/Dividend - Rs 1.50/- Per Share.
KEI Industries Limited; Annual General Meeting/ Dividend - Re 0.40/- Per Share.
PI Industries Limited; Annual General Meeting/ Dividend - Rs 1.30/- Per Share.
R.P.P. Infra Projects Limited; Annual General Meeting/Dividend - Re 0.50/- Per Share.
Bliss GVS Pharma Limited; Annual General Meeting/ Dividend - Re 0.50/- Per Share (Book Closure
Dates Revised).
Sr.No Deal Date Security Code Security Name Client Name Deal Type Quantity Price
1 7/9/2015 530815 REFNOL KHATAU CAPACITORS PVT LTD S 1,200,000 7.92
2 7/9/2015 530815 REFNOL MAHENDRA KISHORE KHATAU B 1,200,000 7.92
3 7/9/2015 538295 KAUSAMBI SAPNA BHAVESH SHAH S 278,480 7.88
4 7/9/2015 538295 KAUSAMBI HETA KALPESHKUMAR GOLWALA B 271,360 7.88
5 7/9/2015 531731 AARYAGLOBL MAHESHA MULTI TRADING LLP S 227,147 3.95
6 7/9/2015 531731 AARYAGLOBL MAHESHA MULTI TRADING LLP B 227,147 3.96
7 7/9/2015 512493 GARNETINT EVERGREEN INFOTECH AND DATACOM PVT LTD B 206,401 144.97
8 7/9/2015 531731 AARYAGLOBL PRAVIN NARAYAN BAROT HUF S 142,878 3.98
9 42194 538119 RNBDENIMS RAJ MALA FINLEASE (P) LTD S 110,000 10.25
10 7/9/2015 538119 RNBDENIMS RAJMALA FINLEASE PVT LTD B 110,000 10.25

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Research Team
Mr. Sumeet Bagadia Associate Director
Kunal Parmar Research Associate
Chandrakant Maske Research Associate
Ritesh Patel Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Morning Tea
08th Sept 2015
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Kunal Parmar
Digitally signed by Kunal Parmar
DN: cn=Kunal Parmar, o=Choice Equity Broking Pvt Ltd.,
ou=Research Dept., email=kunal.parmar@choiceindia.com, c=IN
Date: 2015.09.08 08:20:57 +05'30'