Daily Calls March 23, 2017

Sensex Daily Candlestick Chart

We said, "Bias negative as long as the index forms a Bear
candle with a lower high-low..." The index opened gap-down
below the Grey channel. Further weakness below open
ensured a Bear candle & net loss of 318 points or 1%. All
sectors ended negative. PSU banks, FMCG and auto led the
loss while the A/D ratio worsened further to 1:3.

The action formed a bigger Bear candle with gap-down

above its Head, which looks like bearish Island reversal. No
upsides are possible until the index can recover above the
Island area. However, after three days of lower high-low, and
still inside the gap-up area of March 14, watch if the index
makes any attempt to protect the gap-up area or not.

Source: ASA, ICICIdirect.com Research

Recommendations for the day

Scrip I-Direct Code Action Target Stoploss
Nifty NIFTY Sell in the range of 9100-9110 9050.00 9130.00
Hindustan Unilever HINLEV Buy in the range of 905.00-907.00 914.70/923.50 896.90
Arvind ARVMIL Sell in the range of 390.50-391.50 388.10/385.10 394.30

* All recommendations are for current month futures *Please refer to notes at end of report

1
Sell Nifty March Future in the range of 9100-9110 Target: 9050 Stop loss: 9130
Deal Team At Your Service
Niftyy Technical Picture ((Spot)
p ) Nifty Future Daily Candlestick Chart
Nifty 50 Intraday Short Term
Trend Range bound Up
Trend Reversal 8950
Support 9019-8975 8950
Resistance 9090-9130 9250
20 Days EMA 8986
200 days EMA 8469

Nifty Future Recommendation

CMP : 9050 00
9050.00

Comment : Future premium decreased from 22

points to 20.3rd lower high-low is now
testing the gap-up area of 14th
March.Reverse if holds 9040-50.

Action : Sell in the range of 9100-9110

Targets : 9050

Stop-loss : 9130

Source: ASA, ICICIdirect.com Research

2
Gladiator
Stock Stocks
Recommendation
Buy Hindustan Unilever Future in range of 905.00-907.00 Target: 914.70/923.50 Stop loss: 896.90

Price rebound taking support at key retracement signals

CMP 906.35 further upsides in coming sessions

Comment : Price rebound taking support at key

retracement & bullish crossover in RSI

Action : Buy in the range of 905.00-907.00

Targets : 914.70/923.50

Stop-loss : 896.90
* All recommendations are of current month futures 14 periods RSI generated bullish crossover suggest positive bias
*Please refer to notes at end of Report

Sell Arvind Future in range of 390.50-391.50 Target: 388.10/385.10 Stop loss: 394.30

Price close below 20 day EMA & trendline support breached

CMP 387.05 signals further downward momentum in coming sessions

Comment : Price close below 20 day EMA &

trendline support breached

Action : Sell in the range of 390.50-391.50

390.50 391.50
20 day EMA
Targets : 388.10/385.10

Stop-loss : 394.30
* All recommendations are of current month futures Stochastic (5,3,S,3) in sell mode suggest bearish bias
*Please refer to notes at end of Report

Source: Bloomberg, ICICIdirect.com Research

3
Market Activity
Global Currencies, Commoditiy & Bond Yields Domestic Indices Global Indices
Spot Close Prev.close % Chg
Indices Close Change Change% Indices Close Change Change%
Rupee (|) 65.441 65.280 -0.25 Dow Jones 20661.30 -6.71 -0.03
S&P BSE Sensex 29167.68 -317.77 -1.08
Dollar Index 99.832 99.677 0.15 Nasdaq 5821.64 27.82 0.48
Nifty 50 9030.45 -91.05 -1.00
Euro 1.079 1.080 -0.12 FTSE 7324.72 -53.62 -0.73
Nifty 50 future 9050.40 -92.60 -1.01 DAX 11904.12 -58.01 -0.48
British Pound 1.248 1.249 -0.01
S&PBSE 500 12366.69 -121.94 -0.98 Hang Seng 24383.40 53.12 0.22
Japanese Yen 111.480 111.160 -0.32
S&PBSE Midcap 13721 45
13721.45 -132.07
132 07 -0.95
0 95 Nikk i
Nikkei 19036 33
19036.33 -43.57
43 57 -0.23
0 23
Australian ($) 0.766 0.768 -0.16
S&PBSE Smallcap 13901.92 -126.01 -0.90 SGX Nifty 9080.50 30.00 0.33
Swiss Franc 0.993 0.991 -0.13
* Asian Market as at 7:30am

Closing Yield (%) Previous Yield (%)

India 10 year 6.78 6.84 Nifty Heat Map
US 10 Year 2.41 2.41 HCL 872.8 1,468.2 595.2 Sun 701.5 645.0
Lupin Cipla BPCL
EURO 10 Year
Y 0 41
0.41 0 46
0.46 Tech 1 6%
1.6% 0 9%
0.9% 0 6%
0.6% Pharma 0 5%
0.5% 0 5%
0.5%
GBP 10 Year 1.17 1.25 500.6 Kotak 862.2 Dr 2,629.7 Cairn 291.9 905.0
Wipro HUL
0.4% Bank 0.3% Reddy 0.2% India 0.2% 0.2%
JPY 10 Year 0.06 0.06
Coal 292.2 Vedanta 261.1 2,479.0 1,259.7 475.4
TCS RIL Tech M.
Close Prev. Close %Chg India 0.0% Ltd -0.2% -0.3% -0.3% -0.3%

Gold/ounce 1245.92 1248.84 -0.26 369.0 1,027.7 Axis 485.5 Power 192.1 Hero 3,314.6
GAIL Infosys
-0.4% -0.5% Bank -0.6% Grid -0.6% Moto -0.6%
Copper /ton 5780 00
5780.00 5747 50
5747.50 0 57
0.57
HDFC 1,430.9 Bank of 161.6 Tata 87.0 192.5 160.8
ONGC NTPC
Brent Crude/barrel 50.95 50.64 0.59 Bank -0.7% Baroda -0.8% power -0.8% -0.8% -0.9%
Silver/ounce 17.54 17.54 -0.05 Yes 1,470.9 3,970.3 Indusind 1,376.6 Asian 1,057.9 Grasim 1,080.1
Ultratech
Bank -0.9% -0.9% Bank -1.0% Paints -1.0% Ind -1.1%
Institutional Activity HDFC 1,442.3 6,005.8 1,529.9 United 2,134.8 Tata 488.1
Maruti L&T
Cash Segment (| Cr) FIIs (Cash) DIIs Ltd -1.1% -1.2% -1.2% Spirits -1.3% Steel -1.7%
22-Mar-17 356.6 -779.9 Ambuja 233.0 91.3 267.5 1,270.9 Bajaj 2,853.8
IDEA SBI M&M
21-Mar-17 1662.7 -798.6 Cement -1.7% -1.8% -1.8% -1.8% Auto -1.8%
20-Mar-17 56.7 -536.2 165.9 1,386.4 133.7 193.4 53.3
BHEL ACC NMDC Hindalco IDFC
17-Mar-17 1532.4 -711.5 -1.8% -1.9% -2.3% -2.5% -2.6%
16-Mar-17 1360.2 -88.2 ICICI 265.0 279.9 Tata 459.9 Bharti 338.2 136.4
ITC PNB
Bank -2.6% -2.8% Motors -2.9% Airtel -3.3% -4.5%

Source: Bloomberg, ICICIdirect.com Research

4
Trend Scanner
Deal Team At Your Service
Positive Trends Candlestick Pattern
Scrip Name Close % Change 10-day SMA Delivery (%) Bullish Candlestick Formations Bearish Candlestick Formations
Merck Ltd/India 1025.7 2.07 1007.53 84.99 Scrip Name Pattern name LTP Scrip Name Pattern name LTP
Graphite India Ltd 110 2.47 109.97 68.93 Cipla Piercing Line 595.5 GDL Evening Star 256.1
Hindustan Unilever Ltd 904.95 0.17 894.67 73.87 Lupin Engulfing 1472.9 Syndicate Bank Continuation 66.3
Bajaj Finserv Ltd 4107.85 1.24 3947.31 49.19 HPCL Piercing Line 511.6 Ashok Leyland Continuation 86.6
HCL Technology Engulfing 870.0 Canara Bank Continuation 281.9
Britannia Continuation 3325.0 ACC Continuation 1386.0
Dabur Continuation 284.0
Negative Trends
Scrip Name Close % Change 10-day SMA Delivery (%)
eClerx Services Ltd 1374.45 -2.01 1385.2 98.31 Overbought Stocks Oversold Stocks
Indraprastha Gas Ltd 1002.4 -2.57
2.57 1027.2 58.34 S i Name
Scrip N LTP Stochastic
St h ti S i Name
Scrip N LTP Stochastic
St h ti
Oil India Ltd 328.65 -1.16 332.0 72.92 Britannia 3326 87.22 Mcdowell 2135 8.3
Persistent Systems Ltd 614.7 -1.750 625.0 86.71 M&M Financial 311 82.46 Ashok Leyland 87.2 9.16
Tata Power 87 85.92
Havells India 450 92.14
Market Breadth

BSE NSE Stocks hitting 52 week high

Scrip Name LTP
6% 5% Bajaj Finserrv 4108.0
31% 27%
63% 68% Godrej prop 395.4
Kotak bank 862.0
MRF 57489.0

Source: Bloomberg, ICICIdirect.com Research

5
Previous
Deal TeamDaysPerformance
At Your Service
P d t
Product St t
Strategy R
Recommended
d dPPrice
i T
Targets
t SL G i /L
Gain/Loss %* C
Comment
t
Nifty Future Sell Sell in the range of 9140-9150 9090.00 9170.00 - No Trade
Grasim Future Buy Buy in the range of 1073.00-1077.00 1085.5/1095.50 1064.20 - No Trade
HPCL Future Sell Sell in the range of 506.00-507.00 501.7/496.50 511.60 - No Trade (Opened neat target)

* Return Opportunity

Nifty Points gained for the day: 0 Points Gains over last 232 trading days: 709.10 points

Stocks return: Avg 0.00 per trade (Cum. Profits over last 233 trading days: 109.20%)

Strike Rate for the day: 0/0 (Cum strike rate over 233 trading days: 191/378)

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

Source: NSE India, ICICIdirect.com Research

6
Supports and Resistance Table ( Cash Levels)

SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND

SENSEX 29167.68 29089.65 29002.4 28915.15 29191.6 29242.6 29293.55 - ve
BANK NIFTY FUTURE 20849.1 20778.5 20716.25 20654.05 20873.5 20921 20968.55 - ve
NIFTY FUTURE 9050.4 9020.25 9002.45 8984.65 9062.75 9084 9105.25 - ve
BANK NIFTY 20781.35 20723.85 20648.95 20574.1 20796.4 20832.65 20868.95 - ve
NIFTY 9030.45 9008.85 8981.6 8954.3 9035.65 9049.05 9062.45 - ve
ACC 1386.4 1376.25 1372.15 99.5 1390.2 1397.2 1404.2 - ve
ADANI ENTER. 101.75 100.95 100.2 99.5 102.05 102.6 103.15 - ve
ADANI PORT 323.65 320.4 318.35 316.3 323.1 324.5 325.85 - ve
ADANI POWER 39.4 39 38.7 38.4 39.45 39.65 39.85 - ve
ADITYA BIRLA 1554.85 1542.1 1529.9 1517.65 1557.25 1564.85 1572.45 - ve
AJANTA PHARMA 1831.55 1820.7 1811.35 1802 1834.2 1840.95 1847.65 - ve
ALLAHABAD BANK 69.15 68.55 67.85 67.2 69.35 69.75 70.15 - ve
AMARA RAJA BATT. 869 859.5 852 847.2 874.5 882 886.8 Neutral
AMBUJA CEMENT 233 231.05 229.7 228.4 233.25 234.35 235.5 - ve
ANDHRA BANK 54.6 54.3 53.8 53.25 54.7 54.9 55.1 - ve
APOLLO HOSP.ENT. 1183.5 1177.4 1167.05 1156.7 1182.6 1185.2 1187.75 - ve
APOLLO TYRES 204.65 204.75 203.3 201.85 207.7 209.4 211.05 +ve
ARVIND 386.75 381.65 377.85 374.05 388.45 391.85 395.25 - ve
ASHOK LEYLAND 87.15 86.35 85.95 85.6 87.25 87.7 88.2 - ve
ASIAN PAINTS 1057.85 1049.55 1043.05 1036.5 1057.35 1061.25 1065.15 - ve
AUROBINDO PHARMA 680.55 675.05 669.15 663.25 681.75 685.1 688.45 - ve
AXIS BANK 485.45 483.45 478.85 474.65 492.65 497.25 501.45 Neutral
BAJAJ AUTO 2853.8 2831.25 2820.55 2809.85 2860.75 2875.5 2890.2 - ve
BAJAJ FINANCE 1159.7 1150.5 1139.1 1127.7 1159.45 1163.95 1168.45 - ve
BOB 161.6 160.1 158.95 157.8 161.85 162.75 163.6 - ve
BOI 125.8 125 123.8 122.6 126.05 126.6 127.1 - ve
BATA INDIA 535 528.9 523.85 518.8 536.25 539.9 543.55 - ve
BEML 1296.15 1293 1286.3 1279.65 1306.35 1312.5 1318.65 +ve
BHARAT ELECTRON. 153.8 151.95 150.15 148.4 154.5 155.75 157.05 - ve
BHARAT FORGE 1014.5 993.4 986.1 978.85 1015.3 1026.25 1037.2 - ve
BPCL 645 642.75 637.65 632.55 653 656.8 660.6 +ve
BHARTI AIRTEL 338.2 326.5 324.45 322.4 337.85 343.55 349.2 - ve
BHEL 165.85 164.5 163.2 161.9 165.95 166.65 167.4 - ve
BHARTI INFRATEL 312.95 309.95 308.5 307.1 313.2 314.85 316.5 - ve

Source: NSE India, ICICIdirect.com Research

7
Supports and Resistance Table ( Cash Levels)
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND
BIOCON 1135.1 1128.3 1119.95 1111.6 1136.35 1140.35 1144.4 - ve
BOSCH 22987.2 22801.2 22673.5 22529.7 23056.5 23184.2 23328 Neutral
BRITANNIA IND. 3325.75 3297.5 3276.6 3256.35 3339.4 3360.35 3380.6 Neutral
CADILA HEALTHCARE 438.35 433.2 431.35 429.5 437.75 440.05 442.35 - ve
CAIRNS INDIA 291.9 289.1 287.05 285.2 293.2 295.25 297.1 Neutral
CANARA BANK 282.25 280.6 277.55 274.45 282.7 283.75 284.8 - ve
CASTROL INDIA 414 5
414.5 412 2
412.2 410 25
410.25 408 25
408.25 414 9
414.9 416 25
416.25 417 6
417.6 - ve
CEAT 1292.2 1290.2 1283.25 1276.3 1304.05 1312.75 1321.45 +ve
CENTURY TEXT. 998.9 989.2 984.4 979.6 1001.3 1007.35 1013.4 - ve
CESC 831.65 823.2 816.8 810.4 834.05 839.45 844.85 - ve
CIPLA 595.2 594.55 591.9 589.25 599.8 601.85 603.9 +ve
COAL INDIA 292.15 290.95 290 289.05 292.85 293.8 294.75 Neutral
COLGATE PALM. 980.15 972.7 969.15 965.6 979.45 982.8 986.15 - ve
CONTAINER CORP 1241.35 1224.25 1218.55 1212.85 1238 1244.85 1251.75 - ve
NSE CROMPTON GREAVES 73.15 71.75 71.4 71.05 73.15 73.85 74.55 - ve
CUMMINS INDIA 902.65 893.85 887.5 882 906.55 912.9 918.4 Neutral
DABUR INDIA 284.05 283.6 282.15 280.7 286.45 287.5 288.5 +ve
DEWAN HOUSING F. 355.45 347.15 345.4 343.6 354.7 358.5 362.25 - ve
DISH TV 106.25 105 104.3 103.55 106.5 107.25 107.95 - ve
DIVI'S LAB. 627 619.45 612.45 571.9 633.55 640.6 681.1 Neutral
DLF 145.55 141.75 140.8 139.9 145.1 146.75 148.45 - ve
DR.REDDY'S LAB. 2629.65 2596.1 2569.95 2536.35 2648.45 2674.65 2708.2 Neutral
EICHER MOTORS 24541 24353.85 24223.85 24093.9 24578.95 24691.5 24804.1 - ve
ENGINEERS INDIA 148.8 148.2 146.6 144.95 148.95 149.35 149.7 - ve
EXIDE IND. 214.65 212.5 211.4 210.3 215.2 216.55 217.85 - ve
FEDERAL BANK 87 05
87.05 86 35
86.35 85 6
85.6 84 8
84.8 87 25
87.25 87 75
87.75 88 2
88.2 - ve
GAIL 369 366.95 364.85 362.7 369.2 370.3 371.4 - ve
GLENMARK PHARMA. 884.3 880.3 877.2 872.7 886.55 889.7 894.2 Neutral
GODREJ CONSUMER 1668.05 1647.05 1628.3 1609.55 1670.55 1682.25 1694 - ve
GODREJ IND. 491.65 487 484 481 492.2 494.8 497.45 - ve
GRANULES INDIA 135.8 135.65 133.95 132.25 139.05 139.55 140 +ve
GRASIM 1080.1 1071 1060.7 1050.4 1081.1 1086.2 1091.25 - ve

Source: NSE India, ICICIdirect.com Research

8
Supports and Resistance Table ( Cash Levels)
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND
HAVELL'S INDIA 450.05 446.1 443.75 441.45 449.5 451.2 452.9 - ve
HCL TECH 872.75 869.05 862.5 855.95 882.15 887.75 893.35 +ve
HDFC BANK 1430.9 1425.45 1421.75 1418 1431.05 1433.85 1436.65 - ve
HDFC 1442.3 1432.65 1425.7 1418.8 1443 1448.2 1453.35 - ve
HERO MOTO 3314.6 3290.25 3282.1 3274 3315.5 3328.1 3340.75 - ve
HEXAWARE TECH. 220.05 219.9 218.2 216.5 223.25 225 226.75 +ve
HINDALCO 193.4 191.45 189.35 187.25 193.7 194.8 195.95 - ve
HIND. UNILEVER 904.95 903.65 900.15 896.65 910.6 915.3 920 +ve
HPCL 510.95 509.4 505.55 501.7 517.1 519.85 522.6 +ve
HINDUSTAN ZINC 311.85 311.3 308.3 305.25 317.3 319.6 321.85 +ve
HDIL 76.9 75.65 74.8 73.9 77.3 78.1 78.9 - ve
IBULL HSG FIN 905.25 892.9 880.15 867.35 907.65 915.05 922.45 - ve
IDBI 75.6 74.85 74.25 73.7 75.9 76.4 76.95 - ve
IDEA CELLULAR 91.3 90.35 89.3 87.3 92.45 93.55 95.5 Neutral
IDFC 53.25 52.75 52.3 51.85 53.35 53.65 54 - ve
IFCI 29.6 29.25 28.75 28.25 29.7 29.95 30.2 - ve
INDUSIND BANK 1376.6 1369.25 1362.75 1356.25 1376.7 1380.45 1384.2 - ve
INDIA CEMENTS 156.9 154.85 153.1 151.35 157.5 158.85 160.2 - ve
INDO COUNT IND. 195.45 194.75 191.65 188.55 200.9 202.7 204.45 +ve
INDRAPRASTHA GAS 1002.4 991.3 985 978.7 1006.55 1014.15 1021.8 - ve
IOC 372.75 372.5 370.25 368.05 377 377.9 378.8 +ve
IB REAL ESTATE 80.95 79.95 79.35 78.8 81.3 81.95 82.65 - ve
INFOSYS 1027.7 1018.75 1014.7 1010.65 1028.5 1033.4 1038.3 - ve
IRB INFRA. 230.75 227.9 226.3 224.7 231.8 233.75 235.7 - ve
ITC 279.85 276.35 274.65 273 281 283.3 285.6 - ve
JAIN IRRIGATION 93.85 92.95 92.45 92 94.05 94.6 95.15 - ve
JET AIRWAYS 461 455.85 451.35 446.85 461.05 463.7 466.3 - ve
JINDAL ST&POW 124 75
124.75 123 6
123.6 122 65
122.65 121 75
121.75 125 125 7
125.7 126 45
126.45 - ve
JSW ENERGY 60.3 59.65 59.15 58.65 60.55 61 61.45 - ve
JSW STEEL 186.7 184.7 183.05 181.45 186.9 188 189.1 - ve
JUBILANT FOOD 1078.8 1068.95 1060.95 1052.9 1081.6 1087.9 1094.2 - ve
JUSTDIAL 564.25 552.75 546.15 539.55 568.1 575.8 583.5 - ve
KARNATAKA BANK 136.8 135.8 135.15 134.55 137 137.6 138.2 - ve
KAVERI SEEDS.COM 536.7 531.65 524.9 518.2 537.5 540.45 543.4 - ve

Source: NSE India, ICICIdirect.com Research

9
Supports and Resistance Table ( Cash Levels)

SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND

KOTAK MAH.BANK 862.2 856.25 852.15 849.55 864.45 868.55 871.2 Neutral
KPIT TECH. 131.55 130.45 129.85 129.25 131.95 132.7 133.5 - ve
L&T 1529.85 1519.6 1512.85 1506.1 1532.75 1539.35 1545.95 - ve
LIC HOUSING 585.35 580.05 577.1 574.15 584.8 587.15 589.55 - ve
L&T FINANCE 121.9 121 120.6 120.15 121.95 122.4 122.85 - ve
LUPIN 1468.15 1465.1 1457.1 1449.1 1481.1 1485.35 1489.6 +ve
M& M 1270.85 1256.35 1246 1235.65 1271.5 1279.1 1286.7 - ve
MARICO 285.25 282.3 281 279.7 285.85 287.65 289.45 - ve
MARUTI SUZUKI 6005.8 5971 5928.1 5885.2 6009 6028 6047 - ve
MCLEOD RUSSEL 165.1 162.25 161.35 160.45 165 166.35 167.7 - ve
MINDTREE 472.3 469.25 467.5 465.75 473.2 475.2 477.2 - ve
M&M FIN.SERV. 310.75 307.65 305.15 302.65 311.2 312.95 314.7 - ve
MOTHERSON SUMI 360.75 356.85 354.75 352.7 361.6 364 366.4 - ve
MRF 57849.2 57653.65 57416.15 56804.7 58128.65 58366.15 58977.55 Neutral
NCC 81.55 80.9 80.3 79.75 81.6 81.95 82.35 - ve
NHPC 29.75 29.45 29.35 29.25 29.9 30.1 30.3 - ve
NIIT TECHNOLOGIES 409.4 404.65 401.95 399.3 411.1 414.35 417.6 - ve
NMDC 133.65 132.55 131.75 130.9 133.95 134.65 135.35 - ve
NTPC 160.75 160 159.3 158.65 160.9 161.3 161.75 - ve
OIL INDIA 328 65
328.65 327 1
327.1 325 55
325.55 324 329 1
329.1 330 1
330.1 331 1
331.1 - ve
ONGC 192.5 191.05 190.1 189.15 192.5 193.2 193.95 - ve
OBC 134.4 131.95 130.9 129.8 134.2 135.3 136.4 - ve
PAGE INDUSTRIES 14543.55 14463.05 14410.05 14357.05 14549.55 14592.8 14636.05 - ve
PC JEWELLER 416.9 405.2 402.1 398.95 420.95 428.85 436.7 - ve
PETRONET LNG 388.3 385.05 383 380.9 388.75 390.6 392.45 - ve
PIDILITE INDUSTRIES 693.3 684.75 681.5 678.25 692.25 696 699.7 - ve
POWER FINANCE 143.95 142.85 141.7 140.65 145.05 146.15 147.25 Neutral
POWER GRID 192.1 190.5 190.1 189.7 192.6 193.6 194.65 - ve
PTC INDIA 86.95 85.8 85.4 84.95 87.1 87.8 88.45 - ve
PNB 136.4 134.35 132.9 131.45 137.15 138.55 139.95 - ve
RCOM 37.45 37.15 36.85 36.55 37.5 37.65 37.85 - ve
REL. CAPITAL 589 582.5 577.6 572.75 589.45 592.95 596.45 - ve

Source: NSE India, ICICIdirect.com Research

10
Supports and Resistance Table ( Cash Levels)

SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND

RELIANCE INFRA. 561 555.45 552.15 548.85 562.6 566.2 569.8 - ve
RELIANCE 1259.7 1248.85 1242.7 1236.55 1258.55 1263.4 1268.2 - ve
RELIANCE POWER 47.25 46.95 46.65 46.35 47.3 47.45 47.65 - ve
REC 164.3 161.95 161.1 160.3 165.1 166.65 168.2 - ve
SAIL 61.55 61.1 60.65 60.2 61.65 61.95 62.25 - ve
SHRIRAM TRANS. 1034.35 1026 1013.5 1001 1033.95 1037.95 1041.95 - ve
SIEMENS 1230.7 1218.95 1213.65 1208.35 1231.35 1237.55 1243.7 - ve
SINTEX IND. 95.9 94.65 93.95 93.3 96.35 97.2 98.1 - ve
SOUTH INDIAN BANK 20.1 20 19.9 19.85 20.1 20.2 20.25 - ve
S.R.F. 1582.95 1553.95 1542.9 1531.9 1585.95 1602 1618 - ve
SBI 267.5 265.85 263.8 261.75 267.95 269 270.05 - ve
STRIDES SHASUN 1149.55 1142.25 1134.3 1126.35 1149.1 1152.5 1155.9 - ve
SUN PHARMA 701.45 699.95 696.9 693.85 706 711.6 717.2 +ve
SUN TV 742.7 737.2 731.45 725.75 744.15 747.6 751.1 - ve
SYNDICATE BANK 66.5 65.85 65.25 64.65 66.7 67.1 67.5 - ve
TATA COMM. 728 720.35 714.2 708.05 730.85 736.1 741.35 - ve
TATA CHEM. 573.1 567.65 564.75 561.85 572.7 575.25 577.8 - ve
TATA ELXSI 1479.05 1467.5 1457.45 1447.45 1481.75 1488.9 1496 - ve
TATA MOTOR DVR 277.45 275.3 273.45 271.6 278.3 279.8 281.3 - ve
TATA MOTORS 459 9
459.9 455 6
455.6 452 8
452.8 450 461 35
461.35 464 2
464.2 467 05
467.05 - ve
TATA POWER 86.95 86.35 85.95 85.55 86.95 87.25 87.55 - ve
TATA GLOBAL BEV. 143.1 141.7 140.75 139.85 143.35 144.2 145.05 - ve
TCS 2478.95 2473.8 2467.25 2460.5 2486.8 2493.3 2500.05 Neutral
TECH MAHINDRA 475.4 472.35 469.95 467.6 475.65 477.3 479 - ve
TATA STEEL 488.1 485.05 482.2 479.3 488.75 490.6 492.45 - ve
TITAN IND. 445.75 438.45 435.7 432.95 447.5 452 456.55 - ve
TORRENT PHARMA 1422 1402.2 1388.1 1374 1420.3 1429.35 1438.4 - ve
TV18 BROADCAST 43.1 42.8 42.45 42.1 43.2 43.4 43.65 - ve
TVS MOTOR 431.5 426.55 425.2 423.8 433.25 436.6 439.9 - ve
UCO BANK 35.35 35.1 34.95 34.75 35.4 35.55 35.65 - ve
ULTRATECH CEMENT 3970.25 3922.5 3906 3889.5 3965.1 3986.4 4007.65 - ve
UNITED BREW. 770.2 766.8 763.05 759.55 774.25 778 781.5 Neutral

Source: NSE India, ICICIdirect.com Research

11
Supports and Resistance Table ( Cash Levels)

SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND

UNITED PHOSPH. 718.25 713.1 710.1 707.05 719.25 722.35 725.45 - ve
UNITED SPIRITS 2134.75 2115.15 2101.15 2087.2 2134.3 2143.85 2153.45 - ve
VEDANTA 261.1 256.95 255.35 253.75 260.4 262.1 263.8 - ve
VOLTAS 384.35 381.45 379 376.6 384.4 385.85 387.35 - ve
WIPRO 500.55 499.6 496.75 493.9 505.3 507.5 509.75 +ve
WOCKHARDT 730.85 732.75 727.5 722.25 743.25 750.3 757.4 +ve
YES BANK 1470 85
1470.85 1461 65
1461.65 1446 35
1446.35 1431 05
1431.05 1470 1
1470.1 1474 3
1474.3 1478 5
1478.5 - ve
ZEE 520.8 516.5 514.3 512.15 521.2 523.55 525.9 - ve

Source: NSE India, ICICIdirect.com Research

12
Notes

Please execute the trade within +/- 0.25% of the recommended range provided in the report.
The recommendation has to be executed after the first 5 minutes of trade and only upto
11:00 am
Once the recommendation is executed, it is advisable to keep strict stop loss as provided in
the report
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 15:10 hrs
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
d i bl tto allocate
ll t equall amountt tto each
h recommendation
d ti

13
Recommended product wise trading portfolio allocation

Allocations Return Objective

Product Product wise Max allocation in Number of Calls Duration
Frontline Stocks Mid Cap Stocks
allocation 1 Stock

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

Stocks on the Move 6% 3-5% 7-10 Per Months 7-10% 10-15% 3 Months

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

Gladiator Stocks 15% 5 10%

5-10% 1 2 Stocks
1-2 15% and above 20% and above 6 Months

Cash 10% -
100%

14
Candlesticks Glossary:
Deal Team At Your Service
Candlestick patterns describe the market sentiment for the specified period
period. Some of the formations suggest reversal of sentiment (trend) and,
and therefore,
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 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
pp for p
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

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 bodywarns 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 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

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
confusion.
f i H
However, the
th remarkk C
Continuation
ti ti PPattern
tt refers
f tto b
bullish
lli h or b
bearish
i h candlestick
dl ti k patterns
tt which
hi h suggestt continuation
ti ti off existing
i ti trend
t d

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
Disclaimer
ANALYST CERTIFICATION
We /I,
/I Dharmesh Shah,
Shah Dipesh Dagha,
Dagha Nitin Kunte,
Kunte Pabitro Mukherjee,
Mukherjee Vinayak Parmar Research Analysts,
Analysts authors and the names subscribed to
this report, hereby certify that all of the views expressed in this research report accurately reflect our views about the subject issuer(s) or
securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or
view(s) in this report.
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brokering g and distribution of financial p
products. ICICI Securities Limited is a SEBI registered
g Research Analyst
y with SEBI Registration
g Number
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We and our associates might have investment banking and other business relationship with a significant percentage of companies covered by our
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maintaining
i i i a financial
fi i l interest
i i the
in h securities
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i that
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The information and opinions in this section have been prepared by ICICI Securities and are subject to change without any notice. The report and
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The research recommendations are based on information obtained from public sources and sources believed to be reliable, but no independent
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The value and return on investment may vary because of changes in interest rates, foreign exchange rates or any other reason. ICICI Securities
accepts no liabilities whatsoever for any loss or damage of any kind arising out of the use of these recommendations. Past performance is not
necessarily a guide to future performance.
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.

17
Disclaimer
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
Sec ities or
o its associates might
ight have
ha e received
ecei ed any
a co pe satio from
compensation f o the companies
co pa ies mentioned
e tio ed herein
he ei during
d i g the period
pe iod preceding
p ecedi g
twelve months from the date of these recommendations 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 herein 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 associates 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 and their relatives have
any material conflict of interest at the time of publication of this reports.
It is confirmed that Dharmesh Shah, Dipesh Dagha, Nitin Kunte, Pabitro Mukherjee and Vinayak Parmar, Research Analysts giving these
recommendations have not received any compensation from the companies mentioned herein 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 or their relatives do not own 1% or more of the equity securities of the
company/companies
/ i mentioned
i d herein
h i as off theh last
l d off the
day h month h preceding
di the
h publication
bli i off these
h research
h recommendations.
d i
Since Associates (ICICI group companies) of ICICI Securities are engaged in various financial service businesses, they might have financial
interests or beneficial ownership in various companies including the subject company/companies mentioned herein.
It is confirmed that Research Analysts do not serve as an officer, director or employee or advisory board member of the companies mentioned
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18