daily calls

Daily Calls August 14, 2015

Market Outlook Sensex Daily Candlestick Chart

We said, "Watch if the index shows fall-arresting tendency ina day or two..." The index did arrest the fall somewhat, andunlike the previous three days, settled marginally higher by37 points or 0.1%. While the pharma/bank sectors endedpositive, the metal/realty sectors lost 1.5-2.5% each. The A/Dratio also remained negative 1:2.

The action formed a Harami Black, an indecisive candleranged inside Wednesday's Bear candle. After falling forthree days some arresting tendency was shown asthree days, some arresting tendency was shown assuspected. However, strength and close above the candle isrequired to confirm support taken near its July lows and 200-day EMA. Lacklustre to negative options remain openotherwise.

Source: ASA, ICICIdirect.com Research

Recommendations for the day

S i I Di t C d A ti T t St lScrip I-Direct Code Action Target StoplossNIFTY NIFTY Buy in the range of 8365-8370 8400.00/8420.00 8350.00Lupin LUPIN Buy above 1758.00 1780.00/1794.00 1745.00Godrej Industries GODIND Sell below 374.00 368.00/365.00 377.30

1

* All recommendations are for current month futures

Deal Team – At Your ServiceBuy Nifty August Future in the range of 8365-8370 Target: 8400/8420 Stop loss: 8350

Nifty Technical Picture (Spot) Nifty Future – Daily Candlestick Charty ( p )

Nifty Intraday Short TermTrend Rangebound Rangebound

Trend Reversal

Support 8335-8300 8200

Resistance 8395-8430 8650

20 Days EMA 8482

Nifty Future Recommendation

20 Days EMA 8482

200 days EMA 8279

CMP :

Comment : Future premium increased from 16 points to 25. Shows fall-arresting tendency near 200-day EMA, ends flat after 4 –ve closes.Reverse if fails t h t i b 8435 45

8381.00

Action :

Targets : 8400/8420

Stop-loss : 8350.00

to reach or sustain above 8435-45

Buy in the range of 8365-8370

2

Source: ASA, ICICIdirect.com Research

Gladiator StocksStock Recommendation

Buy Lupin August Future above 1758.00 Target: 1780.00/1794.00 Stop loss: 1745.00

Short term range breakout and Price sustaining above 200day EMA signaling further upsides in coming sessions

CMP 1757.20

Comment : Short term range breakout and Price sustaining above 200 day EMA and

RSI in rising trajectory suggests continuation of positive momentum

Action :

Targets : 1780.00/1794.00

Stop loss : 1745 00

RSI in rising trajectory

Buy above 1758.00

Stop-loss : 1745.00

Sell Godrej Industries August Future below 374.00 Target: 368.00/365.00 Stop loss: 377.30j g g / p

Bearish Double top pattern and Short term trendline supportbreached signals further downsides in coming sessions

CMP 374.25

Comment : Bearish Double top pattern and Short term trendline support breached and

MACD in sell mode suggests further downward momentum

Action :

Targets : 368.00/365.00

S l 377 30

MACD in sell mode in daily charts

Sell below 374.00

3

Source: Bloomberg, ICICIdirect.com Research

Stop-loss : 377.30

Market Activity

Global Currencies, Commodities & Bond Yields Domestic Indices Global IndicesIndices Close Change Change%

S&P BSE Sensex 27549.53 37.27 0.14

CNX Nifty 8355.85 6.40 0.08

Nifty future 8381.00 15.55 0.19

S&PBSE 500 11022.58 -11.71 -0.11S&PBSE Midcap 11190.06 -26.28 -0.23

Indices Close Change Change%Dow Jones 17408.25 5.74 0.03Nasdaq 5033.56 -10.83 -0.21FTSE 6568.33 -2.86 -0.04DAX 11014.63 90.02 0.82Hang Seng 24083.72 57.65 0.24Nikkei 20594.44 -4.46 -0.02

Spot Close Prev.close % Chg

Rupee (|) 65.105 64.814 -0.45

Dollar Index 96.468 96.445 0.03

Euro 1.114 1.115 -0.08

British Pound 1.561 1.561 0.00

Japanese Yen 124.450 124.430 -0.02

Nifty Heat Map

pS&PBSE Smallcap 11567.64 -97.09 -0.83

Nikkei 20594.44 4.46 0.02SGX Nifty 8426.00 23.00 0.27* Asian Market as at 7:30am

Australian ($) 0.737 0.736 0.08

Swiss Franc 0.977 0.976 -0.05

Closing Yield (%) Previous Yield (%)India 10 year 7.74 7.74

US 10 Year 2.18 2.19EURO 10 Year 0.63 0.60

885.3

3.1% 2.5% 2.4% 2.1% 1.8%

Tata power

69.2Lupin

1,758.1BPCLM&M

1,339.6Cipla

725.5

EURO 10 Year 0.63 0.60

GBP 10 Year 1.84 1.79JPY 10 Year 0.37 0.38

Close Prev. Close %Chg

Gold/ounce 1113.84 1115.10 -0.10

Copper /ton 5177.00 5175.25 -0.30

137.8Axis Bank

567.6 Coal India

377.1Infosys

1,158.0

1.7% 1.5% 1.5% 1.3% 1.2%

Sun Pharma

879.1 Power Grid

690.8

1.2% 1.2% 1.0% 1.0% 0.7%Maruti

4,492.9 Bajaj Auto

2,486.9

176.8HDFC Bank

1,077.6 United Spirits

3,487.6

Kotak Bank

Indusind Bank

925.3SBI

259.3

Dr Reddy

4,291.8

0.7% 0.5% 0.4% 0.4% 0.4%

Hero Moto

2,646.5 Bank of Baroda

291 9269 8 152 9 ICICI Asian 874 4 3 069 9

Institutional Activity

Brent Crude/barrel 49.22 49.22 0.00291.9

0.3% 0.2% 0.1% 0.1% 0.1%ONGC

269.8PNB

152.9

1,760.2HUL

866.6ACC

1,364.6

ICICI Bank

Asian Paints

874.4Ultratech

3,069.9

NTPC127.9

0.0% -0.1% -0.1% -0.1% -0.2%ITC

316.4L&T

222.1

-0.4% -0.4% -0.5% -0.5% -0.5%

Cairn India

154.2BHEL

258.6

551.3HCL 965.6RIL

933.4

Ambuja Cement

IDFC140.2 HDFC

Ltd1,257.0

Wi571.2Yes 762.2

T h M

Cash Segment (| Cr) FII DII

13-Aug-15 -625 9 545 9 551.3Tech

965.6RIL

933.4Wipro

571.2

-0.5% -1.0% -1.0% -1.1% -1.1%Bank762.2

Tech M.

157.2

-1.4% -1.5% -1.6% -1.8% -2.8%

Tata Motors

349.4GAIL

332.1

233.6NMDC

97.1 Bharti Airtel

384.8

IDEATCS2,635.6 Grasim

Ind3,605.3

Vedanta Ltd

103.4

-2.8% -3.5% -5.3% -6.2% -9.2%Hindalco

90.8 Tata Steel

13 Aug 15 625.9 545.9

12-Aug-15 -1,855.0 1,223.8

11-Aug-15 -736.8 130.710-Aug-15 -14.4 -50.17-Aug-15 -93.7 34.1

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Deal Team – At Your ServiceTrend Scanner

Positive Trends Candlestick Pattern

Scrip Name Close % Change 10-day SMA Delivery (%)

Maruti Suzuki India Ltd 4492.85 1.02 4451.57 60.58

Lupin Ltd 1758.10 2.09 1695.60 78.95

Infosys Ltd 1158.00 1.19 1097.97 80.24

Torrent Pharmaceuticals Ltd 1528.00 0.40 1477.79 91.50

Bullish Candlestick Formations Bearish Candlestick Formations

Scrip Name Pattern name LTP Scrip Name Pattern name LTP

Fortis Piercing Line 181.6 Auto Axles Engulfing Bear 695.1

Voltas Piercing Line 304.2 RCOM Continuation 60.1

LIC Housing Finance Engulfing Bull 496.5 Tata Steel Continuation 233.6

Glenmark Continuation 1064 0 Vedanta Continuation 103 4

Negative Trends

Overbought Stocks Oversold StocksScrip Name Close % Change 10-day SMA Delivery (%)

Cairn India Ltd 154.20 -0.48 164.57 66.85

Tata Steel Ltd 233.60 -6.20 252.71 44.26

Glenmark Continuation 1064.0 Vedanta Continuation 103.4

Maruti Continuation 4517.8 Tata Global Continuation 130.1

Infosys Continuation 1158.0

Market Breadth

Tata Steel Ltd 233.60 6.20 252.71 44.26

NMDC Ltd 97.05 -2.80 101.74 42.48

GAIL India Ltd 332.05 -1.85 344.27 74.32

Rural Electrification Corp Ltd 251.65 -1.18 267.77 60.26

Scrip Name LTP Scrip Name LTP

Mindtree 1372.0 BEL 3758.1

NTPC 127.9

Reliance Industries 933.4

Ultratech Cement 3075.0

35%62%3%

BSE

27%70%3%

NSE Stocks hitting 52 week high Stocks hitting 52 week low

Scrip Name LTP Scrip Name LTP

Ashok leyland 88.45 Cairn India 154

Britannia 3399.55 Hindalco 90.8

Divi's Labs 2184 8 Jindal Stel&power 69 1Divi s Labs 2184.8 Jindal Stel&power 69.1

NIIT Tech 500.75 Reliance power 40.6

Torrent Pharma 1507.7 Reliance Capital 335.9

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Deal Team – At Your ServicePrevious Day’s Performance

S i P d t St t R d d P i T t SL G i /L %* C tScrip Product Strategy Recommended Price Targets SL Gain/Loss %* Comment

Nifty Future Sell In the range of 8395-8400 8365/8345 8415.00 (17 Points) Stoploss TriggeredInfosys Future Buy above 1145 1165/1175 1134.00 1.75 Target 1 achievedREC Future Sell In range of 257-258 252.5/250 260.10 1.95 Target 1 achieved

Stock profits: Avg 1.85% per trade (Cum. Profits over last 92 days: 133.35%)

Strike Rate for the day: 2/2 (Cum strike rate over 92 days: 133/220

NOTE: The follow-up and performance review table of the strategies indicates the profit opportunity that was available in the strategies. Individual profits d di th t d it i d t l

Nifty Points gained for the day: -17 points Gains over last 92 days: 57 point

may vary, depending upon the entry and exit price and stop losses

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Source: NSE India, ICICIdirect.com Research

Supports and Resistance Table ( Cash Levels)

SCRIP CLOSE S1 S2 S3 R1 R2 R3 TRENDSENSEX 27549 53 27507 2 27433 5 27332 55 27654 6 27728 3 27829 3 NeutralSENSEX 27549.53 27507.2 27433.5 27332.55 27654.6 27728.3 27829.3 NeutralNIFTY 8355.85 8343 8320.55 8289.45 8387.9 8410.3 8441.4 NeutralACC 1364.55 1359.4 1353.45 1348.9 1371.3 1377.2 1381.8 NeutralADANI ENTER. 86 83.45 82 80.5 86.65 88.3 89.9 - veADANI PORT 334.7 334.15 331.65 329.15 339.15 343.45 347.75 +veADITYA BIRLA 2241.2 2242.6 2220.7 2198.8 2286.4 2313.65 2340.9 +veAJANTA PHARMA 1684.15 1683 1667.65 1652.3 1713.65 1730.4 1747.15 +veALLAHABAD BANK 85 85 84 45 83 7 82 95 86 2 87 1 88 - veALLAHABAD BANK 85.85 84.45 83.7 82.95 86.2 87.1 88 - veAMARA RAJA BATT. 937.8 937.2 930.25 923.3 951.1 970.95 990.8 +veAMBUJA CEMENT 222.1 220.45 219.1 217.7 222.6 223.7 224.75 - veAMTEK AUTO 144.9 140.15 138.15 136.15 145.9 148.8 151.65 - veANDHRA BANK 71.6 71.7 71.3 70.9 72.5 73.15 73.75 +veAPOLLO HOSP.ENT. 1336.75 1315.95 1293.95 1272 1343.6 1357.45 1371.3 - veAPOLLO TYRES 187.95 188.15 186.7 185.2 191.15 193.7 196.25 +veARVIND 280 6 277 85 274 75 270 45 284 1 287 25 291 5 NeutralARVIND 280.6 277.85 274.75 270.45 284.1 287.25 291.5 NeutralASHOK LEYLAND 88.4 87.9 87.15 85.75 89.3 90 91.45 NeutralASIAN PAINTS 874.35 868.3 862.15 855 880.6 886.75 893.9 NeutralAUROBINDO PHARMA 736.3 716.75 708.5 700.25 741.75 754.25 766.7 - veAXIS BANK 567.55 566.95 564.1 561.2 572.65 577 581.35 +veBAJAJ AUTO 2486.85 2479.9 2457.9 2435.9 2523.9 2547.75 2571.6 +veBAJAJ FINANCE 5356 5358 5332.95 5307.95 5408.05 5465.55 5523.05 +veBOI 157 5 156 3 154 6 152 8 159 8 161 55 163 35 NeutralBOI 157.5 156.3 154.6 152.8 159.8 161.55 163.35 NeutralBATA INDIA 1151.5 1148 1142.5 1133.05 1159 1164.45 1173.95 NeutralBHARAT ELECTRON. 3758.05 3767.5 3742 3716.45 3818.55 3847.85 3877.1 +veBHARAT FORGE 1161.85 1143.5 1132.9 1122.25 1165.45 1176.45 1187.4 - veBPCL 885.25 882.1 873.1 864.1 900.05 916.7 933.3 +veBHARTI AIRTEL 384.8 379.1 369.7 366.1 397.9 407.3 410.9 NeutralBHEL 258.6 255.55 252.55 250.05 261.55 264.55 267 NeutralBRITANNIA IND 3398 85 3393 3 3367 25 3341 25 3445 35 3468 75 3492 15 +veBRITANNIA IND. 3398.85 3393.3 3367.25 3341.25 3445.35 3468.75 3492.15 +veCAIRNS INDIA 154.2 153.4 152.15 150.05 155.9 157.15 159.2 NeutralCANARA BANK 288.45 281.05 276.1 271.1 290.4 295.1 299.8 - veCASTROL INDIA 479.65 478.95 475.75 472.55 485.35 489.7 494 +veCEAT 1003.7 1000.85 990.95 981.05 1020.7 1029.9 1039.15 +veCENTURY TEXT. 661.35 655.75 647.5 641.05 672.3 680.55 687 NeutralCESC 587.95 588.15 585.4 582.7 593.6 598.6 603.6 +ve

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SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND

CIPLA 725.5 723.75 718.9 714 733.5 741.1 748.7 +veCOAL INDIA 377.05 375.35 371.9 368.4 382.3 390.45 398.6 +veCROMPTON GREAVES 183.35 182.2 180.3 177.45 186 187.9 190.75 NeutralDEWAN HOUSING F. 488.6 484.7 479.4 472.25 495.2 500.45 507.65 NeutralDISH TV 113.65 112.9 111.7 109.95 115.3 116.5 118.25 NeutralDIVI'S LAB. 2182.35 2187.85 2169.3 2150.75 2224.95 2238.4 2251.8 +veDLF 114.25 109.15 107 104.8 114.9 117.8 120.65 - veDR.REDDY'S LAB. 4291.75 4288.65 4270.95 4253.25 4324.1 4344.55 4365 +veEXIDE IND. 156.05 153.6 152.55 151.5 156.85 158.45 160.1 - veFEDERAL BANK 64.6 63.55 62.9 62.25 64.85 65.5 66.1 - veGAIL 332.05 328.1 326.3 324.45 332.9 335.3 337.7 - veGRASIM 3605.25 3557.9 3523.65 3489.4 3613.3 3641 3668.7 - veHAVELL'S INDIA 271.65 271.1 267.65 264.2 278 279.8 281.6 +veHCL TECH 965.55 951.45 943.15 934.85 967.85 976.05 984.25 - veHDFC BANK 1077.55 1076.6 1072.55 1068.55 1084.65 1091.45 1098.25 +veHDFC 1256.95 1252.75 1247.05 1238.8 1264.2 1269.95 1278.15 NeutralHERO MOTO 2646.5 2648.2 2632 2615.8 2680.6 2699.35 2718.05 +veHEXAWARE TECH. 275.55 274.15 272.05 269.9 278.4 280.55 282.65 NeutralHINDALCO 90.8 88.15 86.2 84.3 91.95 93.85 95.75 - veHIND. UNILEVER 866.55 858.6 851.35 844 873.1 880.35 887.7 NeutralHPCL 878 35 860 45 838 75 817 877 7 886 35 894 95 - veHPCL 878.35 860.45 838.75 817 877.7 886.35 894.95 veIBULL HSG FIN 756.6 748.5 740.55 726.9 764.4 772.35 785.95 NeutralIDBI 62.65 62.45 62.05 61.1 63.25 63.65 64.6 NeutralIDEA CELLULAR 157.2 153.3 152.2 151.1 158.35 160.9 163.4 - veNSE INFRA DEV FINANC 140.15 139.45 138.5 137.1 141.4 142.35 143.75 NeutralNSE IND.FIN.CORP.OF 22.65 22.1 21.75 21.35 22.8 23.15 23.45 - veINDUSIND BANK 925.3 924.15 918.2 912.25 936.05 947.95 959.8 +veINDIA CEMENTS 81 3 80 55 79 2 78 1 83 25 84 6 85 7 NeutralINDIA CEMENTS 81.3 80.55 79.2 78.1 83.25 84.6 85.7 NeutralINDRAPRASTHA GAS 483.4 481.3 478.7 472.9 486.45 489.05 494.85 NeutralIOC 394.9 393.25 387.25 381.25 405.3 416.3 427.35 +veIB REAL ESTATE 61.8 59.75 58.5 57.3 62.35 63.65 64.95 - veINFOSYS 1158 1156.9 1150.8 1144.7 1169.05 1179.05 1189 +veIRB INFRA. 235.55 229.45 225.65 221.8 236 239.3 242.55 - veITC 316.35 306.35 305.3 304.3 314.7 318.85 323.05 - ve

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JINDAL ST&POW 68.4 64.5 63.25 62 69.95 72.7 75.4 - veJSW ENERGY 69.5 67.45 66.05 64.7 70.2 71.6 73 - veNSE JSW STEEL 857.3 839.7 829.7 819.75 863.05 874.75 886.45 - veJUBILANT FOOD 1764.35 1715.65 1687.05 1658.45 1770.35 1797.7 1825 - veKAVERI SEEDS.COM 629.25 595.25 574.95 554.65 639.35 661.4 683.45 - veKOTAK MAH.BANK 690.75 690.2 687.2 684.25 696.15 701.65 707.2 +veL & T 1760.15 1752.25 1740.8 1728.5 1775.25 1786.75 1799 NeutralLIC HOUSING 492.55 490.9 486.25 481.6 500.25 506.45 512.65 +veLUPIN 1758.1 1753.75 1739.4 1725.05 1782.45 1795.55 1808.65 +veM & M 1339.6 1334.55 1322.8 1311.05 1358.05 1369.6 1381.15 +veMARUTI SUZUKI 4492.85 4487.4 4464.25 4441.1 4533.65 4557.5 4581.35 +veMINDTREE 1377.7 1360.35 1351.15 1342 1382.7 1393.85 1405.05 - veM&M FIN.SERV. 251.8 248.4 245.2 242 252.7 254.9 257.05 - veMOTHERSON SUMI 337.35 335.65 333 329.9 341.05 343.7 346.8 NeutralNMDC 97.05 95.25 94.05 92.85 97.3 98.35 99.35 - veNSE NTPC 127.85 127.2 126.55 125.65 128.5 129.15 130.1 NeutralOIL INDIA 450.15 448.1 446.15 441.65 452 453.95 458.45 NeutralONGC 269.75 269.75 267.7 265.6 273.95 275.65 277.4 +veOBC 158.4 154.7 152.2 149.65 159.25 161.5 163.8 - vePAGE INDUSTRIES 14053.25 13488.2 13423.7 13359.2 14116.15 14430.15 14744.15 - vePETRONET LNG 187.8 185.15 183 180.85 188.6 190.35 192.1 - veO G 8 8 85 5 83 80 85 88 6 90 35 9 ePIDILITE INDUSTRIES 570.75 562.7 557.7 552.75 572.15 576.9 581.6 - vePOWER FINANCE 239.6 239.85 238.75 237.65 242.05 246.5 250.95 +vePTC INDIA 66.4 65.85 65.3 64.8 66.95 67.45 67.95 NeutralPNB 152.85 151.9 150.35 148.75 154.9 156.4 158.05 NeutralRCOM 60.1 56.2 55.1 54 61.35 63.95 66.55 - veREL. CAPITAL 337.6 328.45 322.5 316.55 340.1 345.95 351.8 - veRELIANCEINFRA. 362.4 348.7 342.65 336.65 366.4 375.25 384.1 - veRELIANCE INFRA. 362.4 348.7 342.65 336.65 366.4 375.25 384.1 veRELIANCE 933.35 930 923.85 917.5 942.25 948.4 954.75 NeutralRELIANCE POWER 40.75 39.05 38.45 37.85 41.2 42.3 43.35 - veREC 251.65 247.85 242.7 237.55 252.6 254.95 257.3 - veSAIL 56.05 54.5 53.55 52.6 56.25 57.15 58.05 - veSHRIRAM TRANS. 824.9 806.15 797.3 788.45 831.5 844.15 856.8 - veSIEMENS 1405.55 1382.7 1370.8 1358.9 1414.7 1430.7 1446.7 - ve

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SKS MICRO FIN. 526.6 525.4 520.4 515.4 535.4 542.3 549.25 +veSOUTH INDIAN BANK 22.6 22.45 22.3 22.15 22.65 22.75 22.9 - veS.R.F. 1283.35 1253.9 1231.65 1209.45 1289.9 1307.9 1325.9 - veSBI 259.3 259.7 258.55 257.35 262.05 265.95 269.85 +veSUN PHARMA 879.05 874.05 862.05 850.05 898.05 908.8 919.6 +veSUN TV 332.1 331.15 326.75 322.35 339.95 345.7 351.5 +veSYNDICATEBANK 96 4 93 9 92 8 91 75 97 98 55 100 15SYNDICATE BANK 96.4 93.9 92.8 91.75 97 98.55 100.15 - veTATA COMM. 419.9 417.6 414.6 407.55 423.6 426.6 433.65 NeutralTATA CHEM. 458.85 454.7 450.8 444.65 462.4 466.25 472.45 NeutralTATA MOTOR DVR 235.25 229.25 226.1 222.9 236.2 239.65 243.1 - veTATA MOTORS 349.4 344.6 340.7 336.8 351.1 354.35 357.55 - veTATA POWER 69.15 69.1 68.25 67.35 70.85 71.15 71.45 +veTATA GLOBAL BEV. 130 128 126.6 125.2 130.7 132.05 133.35 - veTCS 2635.6 2566.4 2544.05 2521.7 2630.4 2662.4 2694.4 - veTECH MAHINDRA 551.3 540.7 534.9 529.15 552.7 558.7 564.7 - veTATA STEEL 233.6 225.95 223 220.05 236.75 242.15 247.55 - veTITAN IND. 328.15 319.65 316.95 314.25 328.65 333.15 337.65 - veTVS MOTOR 225.55 225.75 224.35 222.95 228.55 230.4 232.2 +veUCO BANK 50.7 49.75 49.35 48.95 50.95 51.6 52.2 - veULTRATECH CEMENT 3069.85 3050.35 3031.2 3006.1 3088.6 3107.75 3132.85 NeutralUBI 196.85 192.7 189.8 186.95 197.85 200.45 203 - veUNITED PHOSPH. 552.05 552.9 548.15 543.4 562.35 568.35 574.3 +veVOLTAS 304.2 302.8 299.3 295.8 309.8 315.9 322 +veWIPRO 571.2 564.85 560.05 555.3 571.7 575.1 578.55 - veWOCKHARDT 1657.9 1657.7 1647.95 1638.25 1677.1 1692.7 1708.35 +veYES BANK 762 15 758 2 751 25 743 25 772 1 779 05 787 NeutralYES BANK 762.15 758.2 751.25 743.25 772.1 779.05 787 NeutralZEE 400.8 399.2 396.2 391.45 405.2 408.2 413 Neutral

1010


Notes…

• Please execute the recommendation within the levels provided in the report • Once the recommendation is executed, it is advisable to keep strict stop loss as provided in

the report• Avoid entering into the recommendation in the first 5 minutes of trade g• If the recommendation opens near the target levels due to gap up/gap down opening, then

the recommendation is considered not initiated• The recommendations are valid only for the day and should be squared off by the end of the

dayy• Only stocks in derivatives segment have been considered for daily trading• Medium to long-term prospects of a stock does not have any bearing on the daily view.

T di tf li ll tiTrading portfolio allocation• It is recommended to spread out the trading corpus in a proportionate manner between the

various technical research products• Please avoid allocating the entire trading corpus to a single stock or a single product

segment• Within each product segment it is advisable to allocate equal amount to each

recommendation• For example: The ‘Daily Calls’ product carries 3 to 4 intraday recommendations. It is

11

advisable to allocate equal amount to each recommendation

Recommended product wise trading portfolio allocation

Duration

Daily Calls 8% 2-3% 3-4 Stocks 0.5-1% 2-3% Intraday

Number of CallsReturn Objective

Frontline Stocks Mid Cap StocksProduct Product wise

allocation

AllocationsMax allocation in

1 Stock

Short term Delivery 6% 3-5% 7-10 Per Months 4-5% 7-10% Opportunity Based

Weekly Calls 8% 3-5% 1-2 Stocks 5-7% 7-10% 1 Week

Weekly Technicals 8% 3-5% 1-2 Stocks 5-7% 7-10% 1 Week

Monthly Call 15% 5% 2-3 Stocks 7-10% 10-15% 1 Month

Monthly Technical 15% 2-4% 5-8 Stocks 7-10% 10-15% 1 Month

Techno Funda 15% 5-10% 1-2 Stocks 10% and above 15% and above 6 Months

Technnical Breakout 15% 5 10% 1 2 Stocks 10% and above 15% and above 3 6 MonthsTechnnical Breakout 15% 5-10% 1-2 Stocks 10% and above 15% and above 3-6 Months

Cash 10% -100%

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Deal Team – At Your ServiceCandlesticks Glossary:

Candlestick patterns describe the market sentiment for the specified period Some of the formations suggest reversal of sentiment (trend) and therefore are Candlestick patterns describe the market sentiment for the specified period. Some of the formations suggest reversal of sentiment (trend) and, therefore, are important for a chart reader. By themselves, the patterns do not carry any price target but only an indication of change in market behaviour. More importance needs to be given to the placement of the pattern within larger trend

Morning Star: Potential bottom reversal pattern made of three candle lines. The first sizeable black candle reflects a market in which the bears are in complete charge. The next candle line--the small real body--shows a slight diminution of the bearish force. The white candle that makes up the last part of the morning star visually displays the bulls are gaining the upper hand. Lowest low amongst three candles becomes technical support

Bullish Engulfing Line: A potential bottom reversal pattern. This pattern typically appears at the culmination of a decline or downtrend. The market falls, and a black candle forms (ideally a small black candle). Next, a white real body wraps around the prior session’s black body. Low of the pattern becomes short term support for prices

Piercing Line: Potential bottom reversal pattern. A black body forms in the downtrend. The market continues moving south on the next session’s open but that session culminates in a white real body that closes (e.g. pierces) than half way or more into the prior black body. Lowest low between two candles is referred to as technical support for pricespp p

Hammer: A candlestick line which, during a downtrend, has a very long lower shadow and small real body (black or white) at the top end of the session’s range. There should be no, or a very small, upper shadow. Pattern suggests buying support during declines and needs confirmation in terms of sustainability of prices above head of the Hammer in following session

Evening Star: Potential Top reversal pattern made of three candle lines. Comparable with a traffic signal. First white candle reflects a market in bullish trend. The next candle line--the small real body—warns waning momentum. The black candle that completes the evening star visually exhibits that prior up trend has stopped or reversed

Bearish Engulfing Line: Potential top reversal signal. This two candlestick pattern emerges during a rally. A black candle real body wraps around a white real body (classically a small white candle) Highest high between two candles becomes resistance level for prices for future reference

Dark Cloud cover: A dark cloud cover forms a top reversal pattern. The first session should be a strong, white real body. The second session’s price opens over the prior session’s high (or above the prior session’s close). By the end of the second session, it closes near the low of the session and should fall well into the prior session’s white body. Pattern suggests that market has a poor chance of rising immediately

Shooting Star: A single candlestick line during a rally in which there is a small real body (white or black) at the bottom end of the session's range and a very long upper shadow. The candle line should also have little or no lower shadow. Pattern suggest the trouble for prices overhead

Continuation Patterns: Other than widely known Candlestick reversal patterns discussed above, there are numerous patterns mentioned in literature on Candlestick which describe the continuation of existing sentiments i.e. bullish or bearish. We have refrained from mentioning names of these patterns to avoid

f i H th k C ti ti P tt f t b lli h b i h dl ti k tt hi h t ti ti f i ti t d

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confusion. However, the remark Continuation Pattern refers to bullish or bearish candlestick patterns which suggest continuation of existing trend

Pankaj Pandey Head – Research [email protected]

ICICIdirect.com Research Desk,ICICI Securities Limited,1st Floor, Akruti Trade Centre,Road No 7, MIDCAndheri (East)Andheri (East)Mumbai – 400 [email protected]

DisclaimerANALYST CERTIFICATION

We /I, Dharmesh Shah, Dipesh Dagha, Nitin Kunte, Pabitro Mukherjee, Vinayak Parmar Research Analysts, authors and the names subscribed tothi t h b tif th t ll f th i d i thi h t t l fl t i b t th bj t i ( )this report, hereby certify that all of the views expressed in this research report accurately reflect our views about the subject issuer(s) orsecurities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) orview(s) in this report.Terms & conditions and other disclosures:ICICI Securities Limited (ICICI Securities) is a SEBI registered Research Analyst having registration no. INH000000990. ICICI Securities Limited(ICICI Securities) is a full-service, integrated investment banking and is, inter alia, engaged in the business of stock brokering and distribution offinancial products. ICICI Securities is a wholly-owned subsidiary of ICICI Bank which is India’s largest private sector bank and has its variousfinancial products. ICICI Securities is a wholly owned subsidiary of ICICI Bank which is India s largest private sector bank and has its varioussubsidiaries engaged in businesses of housing finance, asset management, life insurance, general insurance, venture capital fund management,etc. (“associates”), the details in respect of which are available on www.icicibank.com.ICICI Securities is one of the leading merchant bankers/ underwriters of securities and participate in virtually all securities trading markets in India.We and our associates might have investment banking and other business relationship with a significant percentage of companies covered by ourInvestment Research Department. ICICI Securities generally prohibits its analysts, persons reporting to analysts and their relatives frommaintaining a financial interest in the securities or derivatives of any companies that the analysts cover.The information and opinions in this report have been prepared by ICICI Securities and are subject to change without any notice. The report andinformation contained herein is strictly confidential and meant solely for the selected recipient and may not be altered in any way, transmitted to,copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent of ICICISecurities. While we would endeavour to update the information herein on a reasonable basis, ICICI Securities is under no obligation to update orkeep the information current. Also, there may be regulatory, compliance or other reasons that may prevent ICICI Securities from doing so. Non-rated securities indicate that rating on a particular security has been suspended temporarily and such suspension is in compliance with applicableregulations and/or ICICI Securities policies in circumstances where ICICI Securities might be acting in an advisory capacity to this company or inregulations and/or ICICI Securities policies, in circumstances where ICICI Securities might be acting in an advisory capacity to this company, or incertain other circumstances .This report is based on information obtained from public sources and sources believed to be reliable, but no independent verification has beenmade nor is its accuracy or completeness guaranteed. This report and information herein is solely for informational purpose and shall not be usedor considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments. Thoughdisseminated to all the customers simultaneously, not all customers may receive this report at the same time. ICICI Securities will not treatrecipients as customers by virtue of their receiving this report. Nothing in this report constitutes investment, legal, accounting and tax advice or arepresentation that any investment or strategy is suitable or appropriate to your specific circumstances. The securities discussed and opinionsexpressed in this report may not be suitable for all investors, who must make their own investment decisions, based on their own investmentobjectives, financial positions and needs of specific recipient. This may not be taken in substitution for the exercise of independent judgment byany recipient. The recipient should independently evaluate the investment risks. The value and return on investment may vary because ofchanges in interest rates, foreign exchange rates or any other reason.

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Disclaimer

ICICI Securities accepts no liabilities whatsoever for any loss or damage of any kind arising out of the use of this report. Past performance is not necessarily a guide to future performance Investors are advised to see Risk Disclosure Document to understand the risks associated before necessarily a guide to future performance. Investors are advised to see Risk Disclosure Document to understand the risks associated before investing in the securities markets. Actual results may differ materially from those set forth in projections. Forward-looking statements are not predictions and may be subject to change without notice.ICICI Securities or its associates might have managed or co-managed public offering of securities for the subject company or might have been mandated by the subject company for any other assignment in the past twelve months. ICICI Securities or its associates might have received any compensation from the companies mentioned in the report during the period preceding twelve months from the date of this report for services in respect of managing or co-managing public offerings, corporate finance, investment banking or merchant banking, brokerage services or other advisory service in a merger or specific transaction. ICICI Securities or its associates might have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the companies mentioned in the report in the past twelve months.ICICI Securities encourages independence in research report preparation and strives to minimize conflict in preparation of research report. ICICI Securities or its analysts did not receive any compensation or other benefits from the companies mentioned in the report or third party in connection with preparation of the research report. Accordingly, neither ICICI Securities nor Research Analysts have any material conflict of interest at the time of publication of this reportinterest at the time of publication of this report.It is confirmed that Dharmesh Shah, Dipesh Dagha, Nitin Kunte, Pabitro Mukherjee, Vinayak Parmar Research Analysts of this report have not received any compensation from the companies mentioned in the report in the preceding twelve months. Compensation of our Research Analysts is not based on any specific merchant banking, investment banking or brokerage service transactions. ICICI Securities or its subsidiaries collectively or Research Analysts do not own 1% or more of the equity securities of the Company mentioned in the report as of the last day of the month preceding the publication of the research report. Since associates of ICICI Securities are engaged in various financial service businesses, they might have financial interests or beneficial ownership g g y g pin various companies including the subject company/companies mentioned in this report.

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