stocks on the move

Gladiator StocksStocks on the move May 19, 2015

Cadila HealthcareThe stock weathered the recent market wide volatility while holding its key support and now appears set to resume its

up trend offering a fresh entry opportunity to ride the larger bull trend

I-Direct Code Action Buying Range Target Stop Loss

Union Bank of India

I Direct Code Action Buying Range Target Stop Loss

CADHEA Buy 1715-1733 1995 1595

Union Bank of IndiaThe stock witnessed a strong rebound after taking support at the previous breakout area and 80% retracement of

2014 rally. Faster retracement of the preceding three week decline in just a week signals a bullish trend reversal


UNIBAN Buy 159-163 185 148

Apcotex Industries


APCLAT Buy 508 516 615 458

The stock has registered a breakout from five month consolidation signalling resumption of the primary uptrend aftera healthy corrective phase

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APCLAT Buy 508-516 615 458

Deal Team At Your ServiceCadila Healthcare (CADHEA): Resumption of up trend after four week breather

CMP: | 1733.00 Buying range: | 1715-1733 Target: | 1995.00 Stop loss: | 1595.00 CMP: | 1733.00 Buying range: | 1715 1733 ge 995 00 S op o 595 00

Weekly Bar Chart

The stock weathered recent volatility in equities while holdingits key support. We expect the up move to resume andchallenge its life-time highs of | 2000 in coming weeks

2000

1719

61 8%g g g

1426

34 k EMA

61.8% @ 1650

Volumes expanding during rallies authenticate continued appetite for the stock

34-week EMA

Weekly RSI bounced off its bull market support of 50suggesting continuation of upward momentum

The stock weathered volatile market conditions over past few weeks and looks set to resume its up trend offering fresh entry opportunity toride overall up trend. Share price held above 61.8% retracement of its preceding up move (| 1426-2000) indicating continued buying support

We expect the share price to challenge its life-time high of | 2000 given the robust price structure and hence believe it offers decentreward/risk set up for positional traders. Volume behaviour is also in line with Dow theory principle and corroborates its overall up trend

The weekly RSI, which gauge the underlying momentum, signals continuation of upward bias over medium term as oscillator held above itst di f 50

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own support ~ reading of 50

Source: Bloomberg, ICICIdirect.com Research *Call has been initiated in i-Click to Gain on May 19, 2015 at 09:47 am

Deal Team At Your ServiceUnion Bank (UNIBAN): Faster retracement of last falling segment signals trend reversal

CMP: | 161.00 Buying range: | 159-163 Target: | 185.00 Stop loss: | 148.00 CMP: | 161.00 Buying range: | 159 163 ge 85 00 S op o 8 00

Weekly Candlestick Chart 253

183

134

50% retracement and previousbreakdown area @185

SupportResistance

Price bounced back taking support at the previous breakout area with a strong surge involume of more than double of the 50 weeks average volume of 200 lakhs share per week

131134

130

pp

Weekly RSI has generated a bullish crossover above its nine periods average thus validates positive trend in price

The stock witnessed a strong rebound after taking support at the previous breakout area and 80% retracement of 2014 rally (| 100 to | 258)placed at | 131 levels. The stock has posted a faster retracement of the preceding three week decline in just one week to signal a bullish trendreversal. A sharp surge in weekly volumes, which was more than twice the 52 weeks average volume of 2crore shares per week during theprice rally highlights the turnaround in sentiments and indicates strength in the up move

We expect the stock to continues its up move and retrace the 2015 decline (| 253 to | 130) by minimum 50% over the coming months, whichopens the room for a up move towards | 185 levels

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opens the room for a up move towards | 185 levels


Deal Team At Your ServiceApcotex Industries (APCLET): Five month consolidation breakout

CMP: | 516.00 Buying range: | 508-516 Target: | 615.00 Stop loss: | 458.00 CMP: | 516.00 Buying range: | 508 516 ge 6 5 00 S op o 58 00

Weekly Bar Chart

Breakout from five month consolidation signals resumptionof primary uptrend after a healthy corrective phase

575123.6% retracement @ 615

426415

Double Bottom formation at38.2% retracement of major

180 34 week EMArally and 34 week EMA

Volume expansion accompanying price breakout highlightslarger participation in the direction or primary trend

Weekly RSI has generated positive cross above its nine periodaverage suggesting strength in the price breakout

The stock has registered a breakout from five month consolidation signalling resumption of the primary uptrend after a healthy correctivephase. The correction off life-time high of | 575 got anchored at 38.2% retracement of preceding rally (| 180 to | 575) placed at | 425 levels.Confluence of rising 34-week EMA placed around | 430 made this a value area for the stock leading to a double bottom formation on weeklycharts. Following the price breakout we expect the stock to take out its life-time high of | 575 and head towards | 615 over the coming monthsbeing the 123.6% retracement of the January March correction (| 575 to | 415)

Among oscillators the 14 week RSI has generated a positive crossover above its nine period average suggesting strength in the price breakout

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Among oscillators, the 14 week RSI has generated a positive crossover above its nine period average suggesting strength in the price breakout


Strategy Follow up April 2015

Rec. Date Scrip Name Rec Price Target Stoploss % P/L Comment12-Jan-15 Bosch 19,960.00 23,940.00 17,700.0 20.0 Target achieved12-Jan-15 Apollo Tyre 221.00 265.00 205.0 11.0 Booked profit at 245.40

12-Jan-15 Gulf Oil 518.00 615.00 464.0 8.0 Booked profit at 560.0012-Feb-15 Oberoi Realty 274.00 333.00 254.0 22.0 Target Achieved

12-Feb-15 Britannia 1,935.00 2,250.00 1,790.0 16.0 Target achieved

12-Feb-15 DCB Bank 112.00 135.00 103.0 12.0 Booked profit at 125.50

12-Feb-15 TV Today 238.00 285.00 216.0 10.0 Booked profit at 261

3-Mar-15 United Spirit 3,500.00 4,030.00 3,240.0 15.0 Target Achieved

3-Mar-15 M&M Financial 260.00 310.00 242.0 0.8 Closed at cost

3-Mar-15 Ashika Buildcon 179.00 210.00 169.0 -5.5 Stoploss Triggered

3-Mar-15 Karur Vysaya 585.00 685.00 548.0 -6.0 Stoploss Triggered

8-Apr-15 HSIL 442.00 525.00 403.0 -1.1 Exit at 437.00

8-Apr-15 United Spirit 3,930.00 4,450.00 3,630.0 -8.0 Stoploss Triggered

8-Apr-15 NBCC 1,000.00 1,150.00 920.0 -8.0 Stoploss Triggered

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Deal Team At Your ServiceProduct highlights

The key objective of this product is to provide multiple actionable stock ideas providing decent return potential from a medium term perspective. The report would highlight interesting chart patterns using various technical parameters. Consequently, we would formulate requisite trading strategies to ride the possible future price action

Return objective 10% to 20%

Time horizon 3 months

Frequency of report Based on opportunity and suitable risk/reward ratio

Research AnalystsResearch AnalystsDharmesh Shah [email protected] Kunte, CMT [email protected] Dagha [email protected] Mukherjee [email protected] Parmar vinayak parmar@icicisecurities com

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Vinayak Parmar [email protected]

Notes

It is recommended to enter in a staggered manner within the prescribed range provided in the report

Once the recommendation is executed, it is advisable to keep strict stop loss as provided in the report on closing basis.

The recommendations are valid for three to six months and in case we intend to carry forward the position, it will be communicated through separate mail.

Trading portfolio allocationg p

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 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 For example: The Daily Calls product carries 3 to 4 intraday recommendations. It is advisable to allocate equal amount to each recommendation

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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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Pankaj Pandey Head Research [email protected]

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

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DisclaimerANALYST CERTIFICATION

We /I, Dharmesh Shah, Dipesh Dagha, Nitin Kunte, Pabitro Mukherjee, Vinayak Parmar Research Analysts, authors and the names subscribed toWe /I, Dharmesh Shah, Dipesh Dagha, Nitin Kunte, Pabitro Mukherjee, Vinayak Parmar Research Analysts, authors and the names subscribed tothis 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 full-service, integrated investment banking and is, inter alia, engaged in the business of stockbrokering and distribution of financial products. ICICI Securities is a wholly-owned subsidiary of ICICI Bank which is Indias largest private sectorb k d h i i b idi i d i b i f h i fi lif i l ibank and has its various subsidiaries engaged in businesses of housing finance, asset management, life insurance, general insurance, venturecapital 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 andThe 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 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 opinionsrepresentation 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 beforenecessarily 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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