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Global View
India Update
Today’s Event/ Stock in News
Aban Offshore has received a letter of award from ONGC for deployment of jack-up rig Aban II for a period of 3 years. The total value of this
firm order is approximately USD 50 Million (equivalent to Rs 325 crore). The contract is expected to commence during the first quarter of
calendar year 2016. Aban Offshore is engaged in the business of providing offshore drilling and production services. The Company's operating
segments include offshore oil drilling and production services, and wind power generation (Wind energy).
Technical Outlook : The stock has been trading with its horizontal support line at 220.10 levels on daily chart. Furthermore, stock
has formed Tweezers Bottom pattern, which is bullish reversal candle stick pattern. A momentum indicator RSI reading is above
40 marks, which point out that still positive breath is in the stock. So for trading perspective, one could Buy in the range of 230-
232 for the Target of 237 with the SL of 227.
ABAN
CADILAHC
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Morning Tea
27th Oct 2015
Sell in the range of 426-429 for the Target of 416 with the SL of 434
Buy in the range of 230-232 for the Target of 237 with the SL of 227
Shares of Cadila Healthcare slipped over 2 percent intraday on Monday after Credit Suisse downgraded it to underperform from neutral. The
brokerage sees a 19 percent downside on expensive valuations and pricing in upside from the clearance of the Moraiya facility. Credit Suisse
has raised concerns about Cadila's Moraiya facility in Gujarat as it feels that the unit may not get clearance before the end of the fiscal year.
"Cadila had a face-to-face meeting with the FDA in 1Q16 and post that, it has been sending monthly updates. Given the time lapsed, it's
possible in our view that the clearance of the facility may require a re-inspection in which case, the facility may not get clearance before the
end of the fiscal year," it says in a note. Credit Suisse also states that Cadila's US business was impacted in September quarter by the lack of
approvals and the pricing impact of higher competition in HCQS. India sales growth in Q2 was weak at 10 percent year-on-year (despite strong
ramp-up in sovaldi sales) due to the impact of the pricing policy and supply issues.
Technical Outlook : On daily chart, stockhas been trading in risingchannel formation where recently stockhas faced resistance ofitsupper band
ofchannelformationwhichisplacedat455.50levels.Moreover,stockhasformedlongbearishcandlestickpatternwithaboveaveragevolumes.A
momentum indicator RSI has been facing resistance at 70 levels, which point out for negative breath in the stock. So for trading perspective, one
couldSellintherangeof426-429 fortheTargetof416 withtheSLof434.
The Dow and the S&P 500 edged lower on Monday as energy shares dropped with oil prices and Apple retreated a day before its quarterly
results. Investors were cautious ahead of the Federal Reserve's two-day policy meeting, which begins on Tuesday. The market is looking for
clues on the outlook for when the Fed may begin raising interest rates. S&P 500 earnings are forecast to have declined 2.8 percent in the
quarter, based on actual results from about 35 percent of the S&P 500 companies and estimates for the rest, compared with a 4.2 percent
decline forecast at the start of the month, according to Thomson Reuters data. The Dow Jones industrial average fell 23.65 points, or 0.13
percent, to 17,623.05, the S&P 500 lost 3.97 points, or 0.19 percent, to 2,071.18 and the Nasdaq Composite added 2.84 points, or 0.06 percent,
to 5,034.70.
Asian stocks posted a cautious open on Tuesday, tracking an uninspiring lead from Wall Street amid weakened commodity prices. Major US
averages finished mixed overnight, as energy shares fell in tandem with oil prices and Apple declined a day before its quarterly results. The
blue-chip Dow Jones Industrial Average and S&P 500 edged down 0.1 and 0.2 percent respectively, while the Nasdaq Composite finished a tad
above the flatine. Traders were also awaiting the release of Chinese industrial profits for September at 9.30am local time. August's report
showed a near 9 percent annual fall, the biggest drop since the National Bureau of Statistics began monitoring the data in 2011. Shanghai
Composite index traded at -2.46% to 3347.10, Hang Seng index traded at -0.90 % to 22909.00, Japan's benchmark Nikkei 225 index traded at -
0.67% to 18820.63, South Korea's Kospi index traded down by -0.31 % to 2041.72 levels. The SGX Nifty suggests a gap down opening for our
markets as it is trading at 8239, down by 29.50 points.
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Bulk Deal
Corporate Action / Result Calendar
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
Corporate Action:
IRB Infrastructure Developers Limited; Interim Dividend - Rs 2/- Per Share (Purpose Revised).
Cyient Limited; Interim Dividend - Rs 3/- Per Share.
Sanghi Industries Limited; Annual General Meeting.
Result Calendar:
APLLTD, AXISBANK, BBL, CEATLTD, COROMANDEL, DISHTV, GUJFOIL, LUPIN, MARUTI, PIIND,
SHASUNPHAR, STAR, TATACOMM, THERMAX, TRIDENT, TVSMOTOR, VEDL.
27th Oct 2015
Security in Ban
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Sr.No Deal Date Security Code Security Name Client Name Deal Type Quantity Price
1 26/10/2015 532725 SOLARINDS OMAN INDIA JOINT INVESTMENT FUND S 774195 3100.42
2 26/10/2015 532725 SOLARINDS SBI MUTUAL FUND B 455609 3100.00
3 26/10/2015 534422 LOOKS KALPESH VINUBHAI GAJJAR S 373200 33.11
4 26/10/2015 524622 ISTRNETWK DEVKANT SYNTHETICS INDIA PRIVATE LIMITED S 264725 25.27
5 26/10/2015 534422 LOOKS EMOTIONSHARES SHARES AND SECURITES PVT.LTD. S 224000 33.27
6 26/10/2015 524622 ISTRNETWK RATHOD MANOJ CHHAGANLAL HUF B 202988 25.25
7 26/10/2015 534731 BITL SHREE MALLIKARJUN TRAD INVEST PRIVATE LIMITED B 200150 33.45
8 26/10/2015 534422 LOOKS GIRISH JAYANTIBHAI PATEL B 157200 33.30
9 26/10/2015 526143 MPL FAITHFUL VANIJYA PRIVATE LIMITED S 156480 22.80
10 26/10/2015 531731 AARYAGLOBL JAVIYA AND PADHIYAR TRADING LLP S 139963 2.40
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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
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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
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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
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against the loss of your entire investment.
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SEBI Certified – Research Analyst www.choiceindia.com
Research Team
Mr. Sumeet Bagadia Associate Director
Kunal Parmar Research Associate
Ritesh Patel Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Morning Tea
27th Oct 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: 2015.10.27 08:39:49 +05'30'
