Daily Calls

December 6, 2013
Market Outlook

Domestic Indices
Indices

Close

Change

Change%

20,957.8
6,241.1

249.10
80.15

1.2
1.3

Nifty future

6,280.0

80.75

1.3

S&PBSE 500

7,668.2

75.21

1.0

S&PBSE Midcap

6,357.7

8.18

0.1

S&PBSE Smallcap

6,203.0

24.14

0.4

S&P BSE Sensex

CNX Nifty

Sensex: We said, "Watch if the supportive action can sustain/close above the candle's high and later 20967..." The index opened
gap-up. However, up 457 points initially, it lost 208 points and finished only 249 points or 1.2% higher at the end. While the Bank,
capital goods indices added 3.5-4.5%, the Pharma Index lost 1.4%. The A/D ratio ended even.
The action formed an Inverted Hammer like candle, with a small Body and a long upper shadow. It indicated profit-booking at
higher levels touching the upper end of the Grey channel, gap-down area of November 5 and 2008-10 highs. The gap-up area
below the candle is a technical support but weakness/close below it could be negative.
Exhibit 1: Sensex Daily Candlestick Chart

Global Indices
Indices
Close
15821.51
Dow Jones
Nasdaq
4,033.2
6498.33
FTSE
DAX
9,085.0
Hang Seng
23,642.0
Nikkei
15,208.3
SGX Nifty
6,282.0
* Asian Market at 7:30 am.IST

Change
-68.26
-4.8
-11.64
-55.7
-70.4
30.2
4.0

Change%
-0.43
-0.1
-0.18
-0.6
-0.3
0.2
0.1

Market Breadth
45

Unchg

NSE
BSE

167
432

Decline

473

Advance
0

500

1247
1269
1000

1500

Recommendations for the day

1. Buy Nifty Dec Future in range of 6250-6255
2. Buy Maruti above 1714.00
3. Buy Hindustan Petroleum Corporation above
225.00
4. Buy IndusInd Bank above 442.00
5. Sell Century Textile below 276.00
*All Recommendations are of Dec Future

Source: ASA, ICICIdirect.com Research

ICICI Securities Ltd. | Retail Equity Research

Exhibit 2: Nifty Future Daily Candlestick Chart

CNX Nifty Technical Picture
Nifty

Intraday

Trend

Range bound

Trend Reversal

Short Term
Up
5970

Support

6210-6185

Resistance

6270-6320

5970
6357

20 Days EMA

6139

200 days EMA

5885

Nifty Future Recommendations

CMP :

6279.95

Comment : Future premium increased marginally from 38

points to 39. Holds the Grey channel, reacts
lower after touching its higher end.Reverse if
fails to reach or sustain above 6300
Action :

Buy in the range of 6250-6255

Targets :

6280/6300/Higher

Stop-loss :

6238.00

Source: Spider software, ICICIdirect.com Research

ICICI Securities Ltd. | Retail Equity Research

Page 2

Global Currencies

Trend Scanner

Spot

Close

Prev.close

% Chg

Rupee (|)

61.753

62.050

0.5

Dollar Index

80.266

80.633

-0.5

Scrip Name

Close

0.0

HDFC Bank Ltd

688.1

4.64

658.59

82.78

Morning Star

0.0

Kotak Mahindra Bank Ltd

761.95

1.72

750.41

60.25

Scrip Name

1700.15

3.68

1664.97

75.77

Godrej industries

290.9

1.39

289.98

60.53

871

1.75

852.01

63.31

Century Textile

274.20

Euro

1.366

1.367

Positive Trends

British Pound

1.633

1.633

Japanese Yen

101.830

101.780

0.0

Maruti Suzuki India Ltd

Australian ($)

0.905

0.906

-0.1

Oil & Natural Gas Corp Ltd

Swiss Franc

0.897

0.897

0.0

Candlestick Patterns

Reliance Industries Ltd

Scrip Name

Close

Closing Yield (%)

Previous Yield (%)

India 10 year

9.11

9.09

Hindustan Unilever Ltd

US 10 Year

2.87

2.84

Dr Reddy's Laboratories Ltd

EURO 10 Year

1.86

1.82

MindTree Ltd

GBP 10 Year

2.92

2.91

JPY 10 Year

0.63

0.63

Commodities

US Dollar

Copper
Brent Crude

Close

Prev. Close

%Chg

1224.42

1243.21

-1.51

3.23

3.23

0.00

111.01

111.54

-0.48

% Change 10-day SMA Delivery (%)

Bearish Candle
Close
279.35

223.40

580.80

70.12

Canara Bank

2414.75

-1.43

2448.4

67.99

Maruti

1361

-1.83

1378.83

63.35

Stocks rising for 5 days & stochastic overbought

Stocks falling for 5 days & stochastic oversold

Close

438.85

HPCL

-1.16

Oversold Stocks
Stochastic Scrip Name

Tata Steel

421

92.96 Hind Zinc

GAIL

345

81.43

282.05

82.36

Jindal Steel

Bearish Reversal Pattern

IndusInd Bank
565.35

Overbought Stocks
Scrip Name

Bullish Reversal Pattern

Scrip Name

Close

Hind Unilever

565.35

Sun Pharma

576.60

Bullish Candle

Negative Trends

Global Treasury Yields

Gold

% Change 10-day SMA Delivery (%)

Close

Stochastic

124.55

18.63

259.05
1700.15

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

Institutional Activity
Cash Segment (| Cr)
29-Nov-13

FII
745.2

DII
-101.8

2-Dec-13

791.0

-618.2

Stocks hitting 52 week high

3-Dec-13

516.6

-671.3

Scrip Name

Close

Scrip Name

Close

4-Dec-13

52.1

-18.1

5-Dec-13

1,151.5

-674.0

Aurobindo Pharma

302.6

Pfocus

26.85

Stocks hitting 52 week low

JSW Steel

930

NIIT Tech

335

Voltas

ICICI Securities Ltd. | Retail Equity Research

115.95

Page 3

Stock recommendations for the day

Exhibit 3: Maruti (MARUTI)

Daily Candlestick Chart

Maruti (MARUTI) Dec Future

CMP :

1712.20

Comment : Falling channel breakout in the daily chart and

taking support at the 21 days EMA and bullish
crossover of the 14 periods RSI in daily chart

Action :

Buy above 1714.00

Targets :

1738/1750/higher

Stop-loss :

1701.00

Source: Spider software, ICICIdirect.com Research

ICICI Securities Ltd. | Retail Equity Research

Page 4

Exhibit 4: Hindustan Petroleum Corporation (HINPET)

Daily Candlestick Chart

Hindustan Petroleum Corp (HINPET) Dec Future

CMP :

224.45

Comment : Range breakout in the daily chart and price

taking support at the 55 days EMA in the daily
chart and MACD giving buy signal in the daily
chart
Action :

Buy above 225.00

Targets :

229.20/231.50/Higher

Stop-loss :

222.80

Source: Spider software, ICICIdirect.com Research

ICICI Securities Ltd. | Retail Equity Research

Page 5

Exhibit 5: IndusInd Bank (INDBA)

Daily Candlestick Chart

IndusInd Bank (INDBA) Dec Future

CMP :

441.75

Comment : Price closed above 200 days SMA with a bullish

gap and MACD giving buy signal moving above
trigger line in daily chart
Action :

Buy above 442.00

Targets :

449/453/Higher

Stop-loss :

438.20

Source: Spider software, ICICIdirect.com Research

ICICI Securities Ltd. | Retail Equity Research

Page 6

Exhibit 6: Century Textile (CENTEX)

Daily Candlestick Chart

Century Textile (CENTEX) Dec Future

CMP :

276.60

Comment : Price taking resistance at the 200 days EMA and

price closed below rising channel in the daily
chart and stochastic giving sell signal in the daily
chart
Action :

Sell below 276.00

Targets :

271/268.50/Lower

Stop-loss :

278.80

Source: Spider software, ICICIdirect.com Research

ICICI Securities Ltd. | Retail Equity Research

Page 7

Previous Days Performance

Scrip
Nifty
PNB
Tata Power
L&T
IB Realestate
* Return Opportunity

Product
Future
Future
Future
Future
Future

Strategy
Buy
Buy
Buy
Buy
Sell

Nifty Points gained for the day: 0 points

Stock profits: Avg 1.45% per trade
Strike Rate for the day:1/1

Recommended Price
in the range of 6225-6230
above 573.00
above 83.00
above 1050.00
below 68.00

Targets
6260/6280/+
582/587/+
84.70/85.50/+
1066/1074/+
66.50/65.70/-

SL
Gain/Loss %*
6210.00
568.50
82.10
1.45
1041.00
68.75
-

Comment
No Trade
No Trade (Opened at Target)
Target 1 Achieved
No Trade (Opened at Target)
No Trade

Gains over last 168 days: 958 points

(Cum. Profits over last 168 days: 248.20%)
(Cum strike rate over 168 days: 247/401(62%)

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

SCRIP
SENSEX

CLOSE

S1

S2

S3

R1

R2

R3

TREND

20957.81

20987.7

20928.55

20869.45

21105.9

21208.45

21311

+ve

NIFTY

6241.10

6249.50

6232.35

6215.20

6283.75

6316.35

6348.90

+ve

ACC

1106.50

1108.10

1103.75

1099.40

1116.80

1120.80

1124.80

269.45

268.05

265.80

262.55

272.65

274.95

278.15

ADANI ENTER.
ADANI POWER

+ve
Neutral

39.20

39.35

38.95

38.55

40.15

41.30

42.40

1234.80

1230.55

1224.55

1209.50

1242.55

1248.55

1263.55

ALLAHABAD BANK

92.55

92.40

91.95

91.50

93.30

94.30

95.35

+ve

ANDHRA BANK

62.05

62.05

61.70

61.35

62.75

63.35

63.95

+ve

APOLLO TYRES

78.80

78.95

78.40

77.90

80.00

80.80

81.55

+ve

128.05

125.75

124.75

123.75

128.45

129.80

131.20

-ve

16.35

16.10

15.95

15.85

16.45

16.60

16.80

-ve

ADITYA BIRLA

ARVIND
ASHOK LEYLAND

+ve
Neutral

ASIAN PAINTS

504.85

505.25

503.80

502.35

508.15

509.95

511.75

AUROBINDO PHARMA

302.55

298.65

297.15

295.65

303.90

306.55

309.20

1940.25

1944.85

1935.35

1925.85

1963.85

1972.85

1981.85

BOB

669.65

669.60

666.35

663.10

676.10

684.00

691.90

+ve

BOI

217.25

217.65

216.20

214.70

220.55

223.00

225.45

+ve

BAJAJ AUTO

BATA INDIA

+ve
-ve
+ve

1041.05

1033.00

1025.85

1018.75

1043.35

1048.55

1053.75

BHARAT FORGE

299.85

300.70

299.10

297.45

303.90

305.35

306.80

+ve

-ve

BPCL

358.35

358.20

355.90

353.60

362.85

366.20

369.60

+ve

BHARTI AIRTEL

335.35

335.90

334.40

332.90

338.90

341.25

343.60

+ve

BHEL

171.35

170.65

169.35

168.05

173.25

174.65

176.05

+ve

CAIRNS INDIA

318.85

316.85

315.90

315.00

319.45

320.75

322.05

-ve

CANARA BANK

259.05

257.20

253.95

250.65

263.70

266.35

269.00

+ve

CENTURY TEXT.

274.20

271.15

268.80

266.45

275.25

277.30

279.40

-ve

CESC

393.85

392.15

388.95

385.70

398.60

402.00

405.35

+ve
+ve

CHAMBAL FERT.

38.20

38.20

38.05

37.95

38.45

38.85

39.30

CIPLA

387.55

383.85

382.15

380.45

388.40

390.70

392.95

-ve

COAL INDIA

279.95

279.40

276.75

274.10

284.70

286.30

287.90

+ve

COLGATE PALMOLIVE

1257.30

1242.40

1237.70

1232.95

1261.75

1271.40

1281.05

CROMPTON GREAVES

127.25

126.90

125.75

124.60

129.20

130.80

132.45

DABUR INDIA

163.20

161.50

160.65

159.75

163.25

164.10

165.00

59.95

59.45

58.75

57.50

60.85

61.55

62.75

1135.85

1125.30

1118.80

1112.35

1138.75

1145.45

1152.20

DISH TV
DIVI'S LAB.

ICICI Securities Ltd. | Retail Equity Research

-ve
+ve
-ve
Neutral
-ve

Page 9

SCRIP
DLF
DR.REDDY'S LAB.
EXIDE IND.
FEDERAL BANK
FIN. TECH.
FUTURE RETAIL
GAIL
GMR INFRA.
GODREJ IND.
GRASIM
AMBUJA CEMENT

CLOSE

S1

S2

S3

R1

R2

R3

TREND

155.95

156.25

155.15

154.10

158.35

160.30

162.25

2414.75

2384.75

2372.90

2361.00

2422.35

2441.15

2459.95

+ve
-ve

112.55

111.60

110.85

110.05

112.90

113.55

114.15

-ve

78.35

78.65

78.05

77.45

79.85

80.45

81.05

159.55

156.55

155.25

154.00

160.25

162.15

164.00

+ve

71.55

71.25

70.65

70.15

72.40

72.95

73.50

344.75

344.70

343.15

341.60

347.85

350.35

352.90

+ve

21.10

21.10

20.90

20.65

21.55

21.90

22.25

+ve
+ve

-ve
Neutral

279.35

278.65

276.65

274.60

282.75

284.85

286.90

2696.85

2690.90

2676.90

2662.90

2718.90

2731.85

2744.75

+ve

185.90

186.10

185.40

184.65

187.50

188.60

189.65

+ve

GUJ.STATE PET.

61.70

60.80

60.20

59.60

61.90

62.45

63.00

HAVELL'S INDIA

753.60

753.45

752.55

751.65

755.25

757.60

759.95

1108.70

1096.05

1090.35

1084.70

1111.35

1119.00

1126.70

688.10

685.65

681.05

676.45

694.80

699.85

704.85

+ve

HCL TECH
HDFC BANK
HDFC

-ve
+ve
-ve

827.45

828.60

824.50

820.40

836.75

842.45

848.20

+ve

2050.50

2051.80

2044.60

2037.35

2066.25

2079.40

2092.55

+ve

HEXAWARE TECH.

114.35

112.30

111.15

109.95

114.95

116.30

117.60

-ve

HINDALCO

121.75

121.35

120.70

119.45

122.70

123.40

124.60

Neutral

HERO MOTO

HIND. UNILEVER

565.35

560.60

558.55

556.50

567.05

570.30

573.50

-ve

HPCL

223.40

222.05

219.35

216.65

227.45

229.70

231.90

+ve

HINDUSTAN ZINC

124.40

123.80

122.85

121.95

125.70

126.65

127.50

Neutral

50.35

50.40

49.85

49.35

51.45

52.65

53.85

+ve

1135.85

1132.05

1124.05

1116.05

1148.05

1164.90

1181.75

+ve

HDIL
ICICI BANK
IDBI

65.85

65.80

65.45

65.05

66.55

67.20

67.85

+ve

IDEA CELLULAR

175.10

175.40

174.65

173.90

176.85

177.60

178.35

+ve

IDFC

112.80

112.30

110.65

109.00

115.60

117.20

118.80

+ve

25.65

25.65

25.55

25.40

25.90

26.30

26.65

3034.40

3020.05

3000.25

2980.40

3059.70

3079.55

3099.35

INDUSIND BANK

438.85

438.25

435.65

433.05

443.45

447.20

450.95

INDIA CEMENTS

57.60

57.30

56.85

56.35

58.25

58.70

59.20

276.65

272.60

270.55

268.50

277.90

280.55

283.20

-ve

49.15

48.60

48.10

47.65

49.35

49.70

50.10

-ve

205.35

205.15

204.30

203.45

206.90

208.20

209.50

IFCI
ORACLE FIN.

INDRAPRASTHA GAS
INDIAN HOTELS
IOC

ICICI Securities Ltd. | Retail Equity Research

+ve
Neutral
+ve
Neutral

+ve

Page 10

SCRIP

CLOSE

S1

S2

S3

R1

R2

R3

TREND

IOB

51.80

51.75

51.55

51.30

52.20

52.65

53.05

+ve

IB REAL ESTATE

68.60

68.75

68.25

67.75

69.75

70.75

71.75

+ve

3351.30

3329.20

3316.90

3304.60

3357.70

3371.95

3386.20

INFOSYS
IRB INFRA.

-ve

98.70

98.20

97.00

95.75

100.65

102.10

103.55

308.75

304.70

302.85

300.95

310.15

312.90

315.60

IVRCL

16.95

16.60

15.95

15.30

17.90

18.10

18.35

+ve

JAIPRAKASH ASS.

55.35

54.95

54.35

53.65

56.15

56.70

57.45

Neutral

JAIPRAKASH HYDRO

20.40

20.40

20.25

20.15

20.65

21.00

21.40

+ve

JAIN IRRIGATION

69.60

69.60

69.20

68.75

70.40

71.10

71.75

+ve

JINDAL ST&POW

282.05

281.00

279.45

276.80

284.10

285.65

288.35

54.45

54.50

54.05

53.65

55.35

55.90

56.50

932.45

929.85

925.45

922.05

938.70

943.15

946.55

1369.10

1364.70

1351.75

1338.75

1390.70

1398.75

1406.80

+ve

104.55

104.55

103.90

103.20

105.95

107.05

108.20

+ve

ITC

JSW ENERGY
JSW STEEL
JUBILANT FOOD
KARNATAKA BANK
KOTAK MAH.BANK
L&T

+ve
-ve

Neutral
+ve
Neutral

761.95

762.35

758.30

754.20

770.50

775.65

780.85

+ve

1086.45

1083.50

1077.35

1071.15

1095.80

1107.80

1119.80

+ve
+ve

LIC HOUSING

202.45

203.10

201.80

200.55

205.65

207.15

208.65

NSE LUPIN

854.05

845.45

842.40

839.35

857.65

863.75

869.80

-ve

M&M

944.35

940.70

935.45

932.00

951.30

956.60

960.00

Neutral

MARUTI SUZUKI

1700.15

1696.05

1685.70

1675.30

1716.85

1732.65

1748.45

+ve

UNITED SPIRITS

2552.65

2544.25

2526.50

2512.95

2579.75

2597.45

2611.00

Neutral

MCLEOD RUSSEL
MRF
ADANI PORTS SEZ
NSE NHPC
NMDC

290.75

286.60

284.35

282.10

292.10

294.90

297.65

17494.95

17492.65

17424.15

17355.65

17629.65

17729.35

17829.05

+ve

-ve

160.40

160.35

159.35

158.35

162.35

165.60

168.90

+ve

18.10

18.10

18.05

18.00

18.20

18.35

18.45

+ve

142.15

141.85

140.95

140.05

143.65

144.65

145.70

+ve

NTPC

143.85

142.00

141.35

140.70

144.35

145.55

146.70

-ve

ONGC

290.90

290.75

289.35

287.95

293.60

295.45

297.35

+ve

OPTO CIRCUITS

22.60

22.30

22.10

21.85

22.70

22.90

23.05

OBC

197.30

197.15

196.20

195.25

199.10

201.70

204.35

PETRONET LNG

133.05

131.10

130.10

129.15

133.40

134.50

135.65

-ve

POWER FINANCE

163.40

163.55

162.10

160.65

166.45

168.40

170.35

+ve

POWER GRID

96.30

96.15

95.80

95.40

96.90

97.55

98.20

+ve

POWER TRADING

62.55

62.75

62.20

61.65

63.80

64.70

65.60

+ve

ICICI Securities Ltd. | Retail Equity Research

-ve
+ve

Page 11

SCRIP
PUNJ LLOYD

CLOSE

S1

S2

S3

R1

R2

R3

TREND

28.50

28.40

28.20

27.95

28.85

29.20

29.50

+ve

PNB

582.15

584.50

579.65

574.85

594.15

602.40

610.65

+ve

RANBAXY

440.30

434.20

429.75

425.25

441.90

445.75

449.60

-ve

RAYMOND

275.65

270.80

268.20

265.60

276.75

279.75

282.70

-ve

RCOM

139.10

139.10

138.50

137.90

140.35

142.50

144.65

+ve

REL. CAPITAL

387.05

386.80

384.90

383.05

390.55

394.55

398.55

+ve

RELIANCE INFRA.

437.45

437.35

434.45

431.60

443.05

447.05

451.05

+ve

RELIANCE

871.00

871.50

869.25

867.05

876.00

882.55

889.15

+ve

RELIANCE POWER

74.10

74.15

73.75

73.40

74.90

75.45

76.00

+ve

RENUKA SUGAR

21.05

20.55

20.30

20.05

21.15

21.45

21.75

225.25

225.90

224.35

222.75

229.05

231.90

234.70

+ve
+ve

REC
SAIL

-ve

70.15

70.10

69.80

69.45

70.80

71.30

71.80

SESA GOA

180.90

177.90

176.55

175.20

181.55

183.40

185.20

-ve

SHRIRAM TRANS.

591.05

592.10

587.70

583.35

600.90

606.10

611.35

+ve

SIEMENS

620.45

619.80

615.05

610.30

629.30

635.30

641.35

+ve

34.10

34.10

33.75

33.35

34.80

35.40

35.95

+ve

1855.95

1858.75

1849.65

1840.55

1877.00

1893.65

1910.30

+ve

SUN PHARMA

576.60

567.75

565.05

562.35

580.00

586.10

592.25

SUN TV

373.60

368.55

365.25

362.00

375.50

378.95

382.40

89.50

89.65

89.15

88.65

90.65

91.50

92.35

TATA CHEMICALS

272.80

270.60

268.25

265.95

273.50

274.95

276.40

-ve

TATA MOTOR DVR

201.30

199.55

198.00

196.50

201.80

202.90

204.05

-ve

TATA MOTORS

390.30

385.35

382.80

380.25

391.75

394.95

398.15

83.50

83.55

83.15

82.70

84.40

85.40

86.35

+ve
+ve

SINTEX IND.
SBI

SYNDICATE BANK

TATA POWER
TATA TEA

-ve
-ve
+ve

-ve

146.65

146.90

146.25

145.55

148.20

149.15

150.10

TCS

1987.15

1968.95

1959.45

1949.95

1994.20

2006.80

2019.45

-ve

TECH MAHINDRA

1682.30

1666.40

1660.20

1653.95

1685.25

1694.65

1704.05

-ve

TATA STEEL

421.40

420.70

419.20

417.70

423.70

426.20

428.75

+ve

TITAN IND.

226.70

226.75

225.95

225.15

228.35

229.15

230.00

+ve

UCO BANK

75.30

75.40

75.05

74.65

76.15

76.95

77.75

+ve

1871.65

1851.90

1844.25

1836.55

1878.50

1891.80

1905.05

UBI

122.80

122.65

121.85

121.05

124.30

125.40

126.50

UNITED PHOSPH.

165.90

165.85

165.00

164.10

167.55

169.55

171.55

15.80

15.60

15.40

14.65

16.05

16.30

17.00

ULTRATECH CEMENT

UNITECH

ICICI Securities Ltd. | Retail Equity Research

-ve
+ve
+ve
Neutral

Page 12

SCRIP

CLOSE

AXIS BANK

S1

S2

S3

R1

R2

R3

TREND

1241.50

1240.65

1235.10

1229.60

1251.70

1265.35

1279.00

TATA COMM.

288.50

286.20

283.40

280.65

289.25

290.80

292.35

+ve

VOLTAS

116.60

116.45

115.15

113.85

119.00

120.10

121.20

+ve

WIPRO

492.90

489.55

486.40

482.45

495.90

499.10

503.00

Neutral

-ve

YES BANK

395.05

393.15

388.45

383.80

402.55

406.35

410.15

+ve

ZEE

263.75

258.15

256.25

254.30

265.75

269.55

273.30

-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

Products

Allocations
Product wise
Max allocation
allocation
in 1 stock

Return Objective
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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ICICI Securities Ltd. | Retail Equity Research

Page 16