ICICI Securities Ltd.

| Retail Equity Research

Market Outlook
Sensex: We said, "Positive bias if today's action strengthens above the candle ... " The index opened with a small gap-up above
the previous candle but trading in a small band, finished 138 points or 0.5% higher. Sensex' gain was attributed to the IT Index,
which was up 2.6%. Other sectors ended flat and Bankex lost 1.2%. The A/D ratio ended even.

The action formed a Bull candle, with a tiny 11-point gap-up below its bottom. Small candles can be negative if next day's action
weakens/closes below their bottom and gap-area. Holding the gap-up area would keep the bias positive ahead of the Rail Budget
today. However, watch for sustainable follow-up above Monday's candle as crucial.
Exhibit 1: Sensex Daily Candlestick Chart

Source: ASA, ICICIdirect.com Research

Domestic Indices
Indices Close Change Change%
S&P BSE Sensex 26100.08 138.02 0.53
CNX Nifty 7787.15 35.55 0.46
Nifty future 7798.60 16.10 0.21
S&PBSE 500 10023.56 35.57 0.36
S&PBSE Midcap 9557.14 11.39 0.12
S&PBSE Smallcap 10570.78 62.75 0.60

Global Indices
Indices Close Change Change%
Dow Jones 17024.21 -44.05 -0.26
Nasdaq 4451.53 -34.40 -0.77
FTSE 6823.51 -42.54 -0.62
DAX 9906.07 -103.01 -1.03
Hang Seng 23539.98 5.85 0.02
Nikkei 15260.61 -116.79 -0.76
SGX Nifty 7807.00 7.00 0.08
* Asian Market at 7:30 am.IST
Market Breadth
1715
602
1359
599
102
19
0 500 1000 1500 2000
Advance
Decline
Unchg
NSE
BSE

Recommendations for the day
1. Buy Nifty July Future in range of 7770-7775
2. Buy HCL Tech. in range of 1510.00-1512.00
3. Buy LIC Housing Fin. in range of 334.30-334.80
4. Buy Tata Power above 110.25
*All recommendations are of July Future



Daily Calls
July 8, 2014
ICICI Securities Ltd. | Retail Equity Research


Page 2
Exhibit 2: Nifty Future Daily Candlestick Chart

Source: ASA, ICICIdirect.com Research


CNX Nifty (Cash Levels) Technical Picture
Nifty Intraday Short Term
Trend Rangebound Up
Trend Reversal 7400
Support 7755-7725 7400
Resistance 7830-7860 8100
20 Days EMA 7590
200 days EMA 6659


Nifty Future Recommendations
CMP :
Comment :
Action :
Targets : 7805/7825/Higher
Stop-loss : 7755.00
Future premium decreased from 31 points to 11.
Registers a smaller gain near the crucial 7800-
mark.Reverse if fails to reach/sustain above
7810-20
Buy in the range of 7770-7775
7798.60

ICICI Securities Ltd. | Retail Equity Research


Page 3
Trend Scanner






















Positive Trends

Scrip Name Close % Change 10-day SMA Delivery (%)
Bajaj Auto Ltd 2302.70 0.15 2299.78 66.90
MAX India Ltd 308.05 4.76 294.79 57.77
LIC Housing Finance Ltd 333.45 1.89 325.26 61.57
HCL Technologies Ltd 1508.50 1.90 1468.37 62.77
PVR Ltd 668.95 0.18 664.64 47.19
NTPC Ltd 161.35 1.77 156.41 49.91









Overbought Stocks Oversold Stocks
Stocks rising for 5 days & stochastic overbought Stocks falling for 5 days & stochastic oversold
Scrip Name LTP Stochastic Scrip Name LTP Stochastic
Bharat Forge 667.85 85.02 Bajaj Hind 29.9 18.87
IOB 83 80.68
UCO Bank 111.9 89.3






Candlestick Patterns
Bullish Reversal Pattern Bearish Reversal Pattern
Bullish Engulfing Bearish Engulfing
Scrip Name Close Scrip Name Close
SKF India 1153.5 Vijaya Bank 55.7
Jubilant 203.5
Bullish Candle Bearish Candle
Aditya Birla Nuvo 1433.0 Mcdowells 2418.0
Bharti Airtel 345.1 JSW Steel 1236.5
Infosys 3341.0 Ultratech Cement 2552.0
BEML 815.7
LIC Housing Finance 333.5
IDFC 142.1
NTPC 161.4
HCL Technology 1508.0

Note: For Candlestick pattern description refer towards the end of
the report.

Stocks hitting 52 week high
Scrip Name LTP
Aban 856.8
BEL 2271.5
DHFL 408.05
HDFC Bank 841.75
IRB 265.75
TCS 2488



Global Currencies
Spot Close Prev.close % Chg
Rupee (|) 60.015 59.735 -0.47
Dollar Index 80.207 80.218 -0.02
Euro 1.361 1.361 0.01
British Pound 1.715 1.713 0.11
Japanese Yen 101.770 101.860 0.09
Australian ($) 0.939 0.937 0.16
Swiss Franc 0.893 0.894 0.02


Global Treasury Yields

Closing Yield (%) Previous Yield (%)
India 10 year 8.69 8.69
US 10 Year 2.62 2.61
EURO 10 Year 1.25 1.27
GBP 10 Year 2.73 2.76
JPY 10 Year 0.56 0.57


Commodities US Dollar

Close Prev. Close %Chg
Gold 1319.21 1319.94 -0.06
Copper 21.0365 21.0519 -0.09
Brent Crude 110.10 110.24 -0.13



Institutional Activity

Cash Segment (| Cr) FII DII
7-Jul-14 198.6 -85.2
4-Jul-14 943.2 -853.1
3-Jul-14 950.8 -624.2
2-Jul-14 1,290.7 -407.7
1-Jul-14 856.4 -774.7

ICICI Securities Ltd. | Retail Equity Research


Page 4
Stock recommendations for the day

Exhibit 3: HCL Technologies (HCLTEC) Daily Bar Chart

Source: Bloomberg, ICICIdirect.com Research
HCL Technologies (HCLTEC) July Future

CMP 1515.95
Comment :
Action :
Targets : 1531/1541/Higher
Stop-loss : 1499.50
Trendline breakout in the daily chart and price
taking support at the 13 days EMA and 14
periods RSI giving buy signal in the daily chart
Buy in the range of 1510.00-1512.00




Price taking support near 13 days EMA in the daily chart and trendline
breakout signalling continuation of the bullish trend in the short term
RSI in rising trend taking support at its nine periods average in the daily chart thus
validates up trend in price
13 days EMA

ICICI Securities Ltd. | Retail Equity Research


Page 5

Exhibit 4: LIC Housing Finance (LICHF) Daily Candlestick Chart

Source: Bloomberg , ICICIdirect.com Research
LIC Housing Finance(LICHF) July Future

CMP 335.55
Comment :
Action :
Targets : 340/343/Higher
Stop-loss : 331.50
Recent trading range breakout in the daily chart
with rise in volume and price taking support at
the 21 days EMA in the daily chart
Buy in the range of 334.30-334.80



Recent trading range breakout in the daily chart and price rise with rise in
volume indicating further upsides in coming sessions
Price rise with rise in volume suggesting larger participation in the
direction of trend
ICICI Securities Ltd. | Retail Equity Research


Page 6
Exhibit 5: Tata Power (TATPOW) Daily Candlestick Chart
.
Source: Bloomberg , ICICIdirect.com Research
Tata Power (TATPOW) July Future

CMP 110.00
Comment :
Action :
Targets : 112.30/113.50/Higher
Stop-loss : 109.10
Trendline breakout with a bulllish gap up price
action in the daily chart and taking support at the
21 days EMA in the daily chart and RSI giving
buy signal in the daily chart
Buy above 110.25




Trendline breakout with a rising gap in the daily chart and price
taking support at the 21 days EMA signalling bullish trend after
recent sideways corrective price action
RSI giving buy signal taking support at its nine periods average in the daily chart

21. Days EMA
ICICI Securities Ltd. | Retail Equity Research


Page 7























Previous Days Performance
Scrip Product Strategy Recommended Price Targets SL Gain/Loss %* Comment
Nifty Future Buy In range of 7755-7760 7790/7810/+ 7740.00 - No trade
HDFC Bank Future Buy In range of 864.50-865.50 876/882/+ 858.50 -0.75 Stoploss triggered
Petronet LNG Future Buy above 179.00 182/183.8/+ 177.20 2.70 Target 2 achieved
Jain Irrigation Future Buy In range of 128-128.50 131/132.40/+ 126.80 - No trade
* Return Opportunity


Nifty Points gained for the day: 0 points Gains over last 64 days: 147 points


Stock profits: Avg 0.98% per trade (Cum. Profits over last 64 days:75.60%)


Strike Rate for the day: 1/2 (Cum strike rate over 64 days: 77/140



NOTE: The follow-up and performance review table of the strategies indicates the profit opportunity that was available in the strategies. Individual profits may vary,
depending upon the entry and exit price and stop losses
ICICI Securities Ltd. | Retail Equity Research


Page 8
Support and Resistance Table (Cash Levels)
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND
SENSEX 26100.08 26086.1 26053.4 26020.7 26151.5 26239.7 26327.95 +ve
NIFTY 7787.15 7782.60 7773.40 7764.15 7801.05 7826.10 7851.15 +ve
ACC 1450.85 1447.05 1441.55 1424.95 1458.05 1463.55 1480.15 Neutral
ADANI ENTER. 498.15 493.45 490.35 487.20 498.40 500.90 503.35 -ve
ADANI POWER 65.50 65.35 65.15 64.65 65.75 65.95 66.40 Neutral
ADITYA BIRLA 1430.95 1425.55 1414.45 1403.35 1447.80 1456.65 1465.55 +ve
ALLAHABAD BANK 137.60 136.00 134.80 133.65 138.15 139.20 140.30 -ve
ANDHRA BANK 99.60 98.10 97.20 96.30 99.90 100.80 101.75 -ve
APOLLO HOSPITALS 1059.05 1052.70 1047.70 1037.75 1062.70 1067.70 1077.65 Neutral
APOLLO TYRES 212.00 211.10 210.05 208.70 213.30 214.40 215.75 Neutral
ARVIND 243.10 241.00 239.55 238.10 243.45 244.70 245.90 -ve
ASHOK LEYLAND 37.15 37.00 36.55 36.15 37.85 38.10 38.40 +ve
ASIAN PAINTS 593.60 592.50 589.40 586.25 598.70 601.50 604.30 +ve
AUROBINDO PHARMA 770.55 769.90 766.75 763.60 776.25 780.65 785.05 +ve
BAJAJ AUTO 2302.70 2301.75 2291.85 2281.90 2321.60 2328.85 2336.10 +ve
BOB 865.10 857.45 852.05 846.60 867.40 872.40 877.35 -ve
BOI 301.50 298.80 296.40 294.00 301.95 303.50 305.05 -ve
BATA INDIA 1324.65 1311.85 1302.55 1293.25 1324.85 1331.35 1337.90 -ve
BHARAT FORGE 667.45 659.25 656.05 652.80 668.10 672.55 676.95 -ve
BPCL 593.25 585.45 581.45 577.45 593.20 597.10 601.00 -ve
BHARTI AIRTEL 344.45 344.00 342.05 340.15 347.85 349.90 351.95 +ve
BIOCON 538.00 531.10 527.70 524.30 538.00 541.50 544.95 -ve
CAIRNS INDIA 362.50 359.05 358.15 357.25 363.00 364.95 366.95 -ve
CANARA BANK 445.00 441.75 438.50 435.30 445.95 448.05 450.15 -ve
CENTURY TEXT. 621.20 615.85 612.25 608.60 621.75 624.70 627.65 -ve
CESC 779.85 774.80 763.60 752.35 797.25 810.10 822.95 +ve
CHAMBAL FERT. 62.80 62.00 61.35 60.65 63.05 63.55 64.10 -ve
CIPLA 449.65 447.25 445.00 442.10 451.75 454.00 456.90 Neutral
COAL INDIA 396.75 396.45 394.50 392.55 400.35 402.65 404.90 +ve
COLGATE PALM. 1663.80 1650.20 1639.70 1623.40 1671.25 1681.80 1698.10 Neutral
CROMPTON GREAVES 209.80 209.45 208.25 207.05 211.90 213.80 215.75 +ve
DABUR INDIA 193.30 192.90 192.00 191.15 194.65 195.30 196.00 +ve
DISH TV 62.30 61.70 61.25 60.55 62.65 63.15 63.85 Neutral















ICICI Securities Ltd. | Retail Equity Research


Page 9
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND

DIVI'S LAB. 1534.30 1517.30 1504.15 1493.40 1543.60 1556.75 1567.55 Neutral
DLF 223.25 222.45 220.70 219.00 225.95 227.15 228.40 +ve
DR.REDDY'S LAB. 2730.40 2724.35 2700.60 2676.85 2771.80 2785.80 2799.80 +ve
EXIDE IND. 158.10 155.95 154.65 153.40 158.90 160.40 161.85 -ve
FEDERAL BANK 126.65 125.30 124.25 123.25 127.15 128.05 129.00 -ve
FUTURE RETAIL 138.00 137.90 136.45 135.00 140.80 141.85 142.85 +ve
GAIL 461.05 456.15 453.25 450.30 461.80 464.60 467.40 -ve
GLAXO SMITH.C.H. 4893.45 4873.15 4816.90 4760.65 4985.65 5036.60 5087.60 +ve
GLENMARK PHARMA. 589.45 583.35 576.25 569.15 590.55 594.15 597.75 -ve
GMR INFRA. 31.45 31.10 30.85 30.60 31.55 31.75 32.00 -ve
GODREJ CONSUMER 815.55 815.35 811.85 808.35 822.35 824.60 826.85 +ve
GODREJ IND. 368.00 367.55 364.50 361.45 373.65 376.20 378.75 +ve
GRASIM 3363.90 3338.35 3319.45 3300.60 3369.80 3385.50 3401.25 -ve
AMBUJA CEMENT 223.60 221.25 219.45 217.60 223.70 224.95 226.15 -ve
HAVELL'S INDIA 1224.30 1222.90 1216.65 1210.45 1235.35 1246.00 1256.60 +ve
HCL TECH 1508.50 1503.50 1494.25 1485.05 1522.00 1526.50 1531.05 +ve
HDFC BANK 840.45 830.65 824.65 818.70 843.05 849.25 855.50 -ve
HDFC 1020.60 1018.35 1013.05 1007.80 1028.90 1034.55 1040.15 +ve
HERO MOTO 2615.85 2612.60 2601.10 2589.60 2635.55 2647.65 2659.80 +ve
HEXAWARE TECH. 158.75 158.05 156.65 155.25 160.85 162.40 164.00 +ve
HINDALCO 174.50 174.35 173.40 172.45 176.20 177.10 177.95 +ve
HIND. UNILEVER 627.60 626.45 623.55 620.65 632.25 635.15 638.05 +ve
HPCL 408.40 403.70 399.80 395.90 410.10 413.25 416.45 -ve
HINDUSTAN ZINC 165.60 163.90 162.85 161.85 165.75 166.70 167.65 -ve
HDIL 99.35 97.30 96.65 96.00 100.10 101.50 102.90 -ve
ICICI BANK 1451.35 1439.45 1431.45 1423.45 1452.75 1459.40 1466.10 -ve
IDBI 106.90 105.75 105.10 104.40 107.30 108.10 108.85 -ve
IDEA CELLULAR 136.60 136.40 135.90 135.35 137.45 138.15 138.85 +ve
NSE INFRA DEV FINANC 142.50 141.80 140.10 138.35 145.25 146.75 148.25 +ve
IFCI 41.20 41.25 41.00 40.70 41.80 42.10 42.40 +ve
ORACLE FIN. 3218.10 3214.80 3203.85 3192.90 3236.75 3251.75 3266.75 +ve
INDUSIND BANK 555.95 549.80 544.60 539.40 558.20 562.35 566.55 -ve
INDIA CEMENTS 114.05 112.45 111.95 111.50 114.40 115.35 116.35 -ve
INDRAPRASTHA GAS 379.40 378.65 370.60 362.50 394.85 397.70 400.60 +ve

ICICI Securities Ltd. | Retail Equity Research


Page 10
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND

IOC 342.25 338.65 336.30 333.95 343.15 345.40 347.65 -ve
IOB 83.10 82.20 81.60 81.00 83.45 84.10 84.75 -ve
IB REAL ESTATE 93.10 91.95 91.40 90.80 93.50 94.30 95.05 -ve
INFOSYS 3345.45 3334.95 3307.95 3280.95 3388.95 3407.05 3425.15 +ve
IRB INFRA. 267.70 266.50 263.70 260.90 272.10 275.15 278.20 +ve
ITC 334.80 332.60 331.00 329.70 335.70 337.30 338.60 Neutral
JAIPRAKASH ASS. 73.30 73.30 72.80 72.25 74.40 75.10 75.80 +ve
J.P.POWER VENT. 22.50 22.25 22.00 21.80 22.55 22.70 22.90 -ve
JAIN IRRIGATION 131.75 131.25 130.20 129.15 133.35 135.60 137.80 +ve
JINDAL ST&POW 327.90 327.75 326.00 324.20 331.30 333.75 336.15 +ve
JSW ENERGY 83.20 82.25 81.75 81.30 83.20 83.70 84.20 -ve
NSE JSW STEEL 1233.50 1214.90 1205.25 1195.65 1239.20 1251.35 1263.50 -ve
JUBILANT FOOD 1319.85 1322.10 1308.85 1295.60 1348.55 1354.95 1361.30 +ve
KARNATAKA BANK 144.35 144.50 143.90 143.30 145.70 146.60 147.50 +ve
KOTAK MAH.BANK 870.90 854.55 850.20 845.85 870.00 877.75 885.50 -ve
L & T 1749.35 1744.45 1740.40 1731.25 1752.60 1756.65 1765.75 Neutral
LIC HOUSING 333.45 332.55 330.20 327.85 337.20 339.85 342.50 +ve
NSE LUPIN 1078.10 1068.85 1063.40 1057.90 1080.05 1085.65 1091.25 -ve
M & M 1239.55 1238.35 1232.90 1227.45 1249.25 1255.75 1262.25 +ve
MARUTI SUZUKI 2638.85 2628.65 2618.30 2608.90 2649.35 2659.70 2669.10 Neutral
UNITED SPIRITS 2401.85 2364.75 2345.90 2327.00 2412.10 2435.75 2459.40 -ve
MCLEOD RUSSEL 317.70 315.45 314.10 312.75 318.30 319.70 321.10 -ve
M&M FIN.SERV. 272.80 273.15 271.95 270.80 275.50 277.60 279.75 +ve
MRF 23620.85 23487.25 23387.90 23288.55 23647.20 23727.20 23807.20 -ve
ADANI PORTS SEZ 280.70 280.25 278.60 276.95 283.55 285.65 287.80 +ve
NSE NHPC 27.15 26.90 26.70 26.55 27.20 27.35 27.50 -ve
NMDC 182.60 180.40 179.35 178.30 182.90 184.15 185.35 -ve
NSE NTPC 161.35 160.90 159.90 158.95 162.85 164.05 165.25 +ve
ONGC 415.55 411.10 407.90 404.65 416.95 419.90 422.85 -ve
OBC 318.85 316.35 313.85 311.40 319.55 321.20 322.80 -ve
PETRONET LNG 183.05 182.45 181.00 179.55 185.40 187.75 190.15 +ve
POWER FINANCE 322.55 322.70 321.20 319.70 325.70 328.65 331.60 +ve
POWER GRID 146.05 145.85 145.15 144.40 147.30 149.00 150.70 +ve
POWER TRADING 97.85 96.85 95.85 94.85 98.05 98.65 99.25 -ve

ICICI Securities Ltd. | Retail Equity Research


Page 11
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND

PNB 969.85 962.20 954.10 946.00 971.75 976.50 981.30 -ve
RANBAXY 541.85 541.35 537.00 532.65 550.05 552.55 555.05 +ve
RCOM 147.15 146.85 145.75 144.60 149.10 150.55 151.95 +ve
REL. CAPITAL 651.75 646.40 641.35 636.30 652.80 656.00 659.25 -ve
RELIANCE INFRA. 801.80 800.90 796.50 792.10 809.65 816.75 823.80 +ve
RELIANCE 1027.20 1019.80 1011.45 1003.05 1027.80 1031.80 1035.80 -ve
RELIANCE POWER 109.20 108.70 108.25 107.40 109.50 109.95 110.80 Neutral
REC 380.80 380.25 378.15 376.05 384.45 387.85 391.20 +ve
SAIL 93.65 92.85 92.25 91.70 94.00 94.55 95.10 -ve
SESA GOA 307.65 307.60 306.15 304.70 310.50 312.15 313.85 +ve
SHRIRAM TRANS. 959.50 960.45 955.65 950.80 970.05 977.55 985.05 +ve
SIEMENS 983.80 975.60 967.65 959.70 985.00 989.70 994.45 -ve
SBI 2684.70 2668.55 2654.90 2641.20 2687.90 2697.60 2707.30 -ve
SUN PHARMA 723.50 723.50 715.30 707.05 739.95 742.25 744.50 +ve
SUN TV 470.35 466.30 463.55 459.30 471.80 474.60 478.80 Neutral
SYNDICATE BANK 172.20 169.60 167.75 165.90 172.50 173.95 175.40 -ve
TATA CHEMICALS 348.55 345.55 341.70 337.80 349.00 350.75 352.45 -ve
TATA MOTOR DVR 313.80 311.40 309.55 307.10 315.10 316.95 319.40 Neutral
TATA MOTORS 478.85 477.90 475.95 474.00 481.85 484.45 487.05 +ve
TATA POWER 111.10 110.85 110.25 109.65 112.05 113.50 114.95 +ve
TATA GLOBAL BEV. 167.05 165.95 164.65 163.35 167.40 168.15 168.90 -ve
TCS 2488.55 2477.10 2455.20 2433.30 2520.90 2527.00 2533.15 +ve
TECH MAHINDRA 2137.30 2136.20 2128.20 2120.20 2152.15 2160.45 2168.70 +ve
TATA STEEL 536.05 532.15 528.70 525.25 536.80 539.10 541.45 -ve
TITAN IND. 357.40 355.75 353.65 351.35 359.85 361.90 364.25 Neutral
UCO BANK 112.35 111.00 110.10 109.25 112.55 113.35 114.15 -ve
ULTRATECH CEMENT 2559.90 2533.30 2517.30 2501.30 2567.25 2584.20 2601.20 -ve
UBI 223.25 220.55 218.60 216.60 224.15 225.95 227.70 -ve
UNITED BREW. 723.85 722.25 717.75 713.25 731.25 736.40 741.60 +ve
UNITED PHOSPH. 342.25 338.20 332.80 327.45 343.75 346.55 349.35 -ve
UNITECH 32.30 31.70 31.45 31.20 32.45 32.80 33.20 -ve
AXIS BANK 1923.00 1911.30 1903.60 1895.90 1924.85 1931.65 1938.40 -ve
TATA COMM. 404.35 400.10 395.60 391.05 405.30 407.90 410.50 -ve
VOLTAS 217.50 217.00 215.30 213.65 220.35 222.55 224.75 +ve

ICICI Securities Ltd. | Retail Equity Research


Page 12
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND

WIPRO 557.60 556.40 553.90 551.40 561.40 565.90 570.35 +ve
YES BANK 542.20 534.70 530.95 527.25 545.00 550.15 555.30 -ve
ZEE 297.05 294.30 292.15 290.00 297.70 299.40 301.10 -ve





















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
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 day
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
Trading 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 advisable to allocate
equal amount to each recommendation
ICICI Securities Ltd. | Retail Equity Research


Page 13
Recommended Trading Portfolio allocation
























Allocations Return Objective
Products Product wise
allocation
Max allocation
in 1 stock
Number of Calls
Frontline Stocks Mid-cap stocks
Duration

Daily Calls 8% 2-3% 3-4 Stocks 0.50-1% 2-3% Intraday

Short term Delivery 6% 3-5% 7-10 p.m 4-5% 7-10% Opportunity based

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

Weekly Technical 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

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

Cash in Hand 10% - - - - -

100%

ICICI Securities Ltd. | Retail Equity Research


Page 14
Candlesticks Glossary:
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

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 sessions 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 sessions 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 prices

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 sessions 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

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 sessions price opens over the prior sessions high (or above the prior sessions close). By the end of the second session,
it closes near the low of the session and should fall well into the prior sessions 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


ICICI Securities Ltd. | Retail Equity Research


Page 15













Pankaj Pandey Head Research pankaj.pandey@icicisecurities.com

ICICIdirect.com Research Desk,
ICICI Securities Limited,
1st Floor, Akruti Trade Centre,
Road No 7, MIDC
Andheri (East)
Mumbai 400 093
research@icicidirect.com


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