Daily Calls May 3, 2017

Sensex Daily Candlestick Chart

We said, "After six days, lower high-low turned the bias
negative ... watch if it holds the next gap-up ..." Initially
positive, the index reacted 265 points exactly from Friday's
high. However, recovering a bit from Tuesday's gap-up area,
it finally settled flat, thanks to gains in HDFC, Maruti and
ONGC. Realty gained but pharma lost. The A/D ratio settled
flat.

The action formed the third Bear candle. Lower Shadow

suggested some effort to hold last Tuesday's gap-up. Holding
the gap-up and restricting the pause to just two or three days
could help open up positive options, which, however, would
get confirmed only on strength/close above the two-day
high, as marked in white. Else, expect the subdued mode to
continue testing the gap-up.

Source: ASA, ICICIdirect.com Research

Recommendations for the day

Scrip I-Direct Code Action Target Stoploss
Nifty NIFTY Sell in the range of 9370-9380 9320.00 9400.00
Titan TITIND Buy in the range of 487.00-489.00 492.40/496.40 483.60
Arvind ARVMIL Buy in the range of 411.00-412.00 415.40/419.40 407.30

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

1
Sell Nifty May Future in the range of 9370-9380 Target: 9320 Stop loss: 9400
Deal Team At Your Service
Nifty Technical Picture (Spot) Nifty Future Daily Candlestick Chart
Nifty 50 Intraday Short Term
Trend Range bound Up
Trend Reversal 9150
Support 9280-9250 9150
Resistance 9342-9367 9500
20 Days EMA 9213
200 days EMA 8629

Nifty Future Recommendation

CMP : 9339.30

Comment : Future premium decreased from 30

points to 26.NF forms Long Legged
Doji comprising an indecisive & volatile
trade.Reverse if holds 9310-20.

Action : Sell in the range of 9370-9380

Targets : 9320

Stop-loss : 9400

Source: ASA, ICICIdirect.com Research

2
Gladiator
Stock Stocks
Recommendation
Buy Titan Company Future in range of 487.00-489.00 Target: 492.40/496.40 Stop loss: 483.60

CMP 488.20
Strong bull candle taking support at 20 day EMA signaling
further upsides in coming sessions
Comment : Counter attack bull candle taking
support at 20 day EMA & bullish
crossover in RSI
Action : Buy in the range of 487.00-489.00 20 day EMA

Targets : 492.40/496.40

Stop-loss : 483.60
* All recommendations are of current month futures Bullish crossover in the 14 periods RSI validates positive bias in price
*Please refer to notes at end of Report

Buy Arvind Future in range of 411.00-412.00 Target: 415.40/419.40 Stop loss: 407.30

Price rebound taking support at 50% retracement of recent up move

CMP 411.55 indicating continuation of the positive bias

Comment : Price rebound taking support at 50%

retracement of recent upmove

Action : Buy in the range of 411.00-412.00

50% Retracement
Targets : 415.40/419.40

Stop-loss : 407.30 Stochastics (5,3,S,3) generated bullish crossover suggest positive bias
* All recommendations are of current month futures
*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 (|) 64.213 64.246 0.05 Dow Jones 20949.89 36.43 0.17
S&P BSE Sensex 29921.18 2.78 0.01
Dollar Index 98.924 98.976 -0.06 Nasdaq 6095.37 3.76 0.06
Nifty 50 9313.80 9.75 0.10 FTSE 7250.05 46.11 0.64
Euro 1.093 1.093 0.03
Nifty 50 future 9339.30 5.60 0.06 DAX 12507.90 69.89 0.56
British Pound 1.294 1.294 0.04
S&PBSE 500 13006.66 27.42 0.21 Hang Seng 24696.13 0.00 0.00
Japanese Yen 112.060 111.990 -0.06
S&PBSE Midcap 14855.34 56.89 0.38 Nikkei 19445.70 0.00 0.00
Australian ($) 0.752 0.754 -0.11
S&PBSE Smallcap 15420.80 48.29 0.31 SGX Nifty 9357.50 10.50 0.11
Swiss Franc 0.991 0.992 0.04 * Asian Market as at 7:30am
Asian Markets are closed today
Closing Yield (%) Previous Yield (%)
India 10 year 6.99 6.99 Nifty Heat Map
US 10 Year 2.28 2.28 United 1,935.8 192.4 HDFC 1,584.8 739.9 6,705.5
ONGC BPCL Maruti
EURO 10 Year 0.33 0.32 Spirits 3.2% 3.1% Ltd 3.1% 2.9% 2.8%
GBP 10 Year 1.09 1.08 Kotak 917.9 429.5 Bajaj 2,898.0 170.7 Hero 3,353.0
GAIL PNB
Bank 1.8% 1.3% Auto 1.2% 1.1% Moto 1.0%
JPY 10 Year 0.02 0.01
HCL 822.1 Cairn 285.4 2,289.9 Bank of 188.7 200.3
TCS Hindalco
Close Prev. Close %Chg Tech 1.0% India 0.8% 0.7% Baroda 0.6% 0.5%

Gold/ounce 1256.46 1256.76 -0.02 279.2 1,341.0 922.6 418.2 Yes 1,633.9
ITC M&M Infosys Tech M.
0.4% 0.4% 0.4% 0.3% Bank 0.2%
Copper /ton 5770.50 5710.50 1.05
494.9 127.7 Indusind 1,445.8 175.5 Grasim 1,153.2
Wipro NMDC BHEL
Brent Crude/barrel 51.03 50.46 1.13 0.1% 0.1% Bank 0.1% -0.1% Ind -0.2%
Silver/ounce 16.87 16.83 0.22 555.4 HDFC 1,540.6 288.3 Dr 2,582.7 Vedanta 241.9
Cipla SBI
-0.4% Bank -0.4% -0.5% Reddy -0.6% Ltd -0.7%
Institutional Activity Tata 83.7 928.1 Asian 1,112.1 Coal 274.6 Axis 505.6
HUL
Cash Segment (| Cr) FIIs (Cash) DIIs power -0.7% -0.7% Paints -0.7% India -0.8% Bank -0.8%
2-May-17 -611.8 541.4 Tata 445.1 Power 206.0 4,206.0 1,732.1 ICICI 275.6
Ultratech L&T
28-Apr-17 -1150.4 1684.4 Steel -0.9% Grid -1.0% -1.0% -1.0% Bank -1.0%
27-Apr-17 -181.7 233.3 60.9 Sun 632.8 84.7 162.1 Tata 451.3
IDFC IDEA NTPC
26-Apr-17 -492.5 1011.4 -1.3% Pharma -1.4% -1.5% -1.5% Motors -1.7%
25-Apr-17 178.8 998.3 Ambuja 241.8 1,370.6 1,593.1 Bharti 347.6 1,303.8
RIL ACC Lupin
Cement -1.7% -1.8% -2.1% Airtel -2.2% -2.6%

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
Bajaj Electricals Ltd 351.8 1.32 349.98 60.63 Scrip Name Pattern name LTP Scrip Name Pattern name LTP
Blue Star Ltd 694.45 2.68 683.70 56.45 Ceat Engulfing 1596.0 India Cement Engulfing 210.5
Gujarat Mineral Development Corp Ltd 124.9 2.29 123.50 56.16 Jagran Engulfing 198.0 KRBL Engulfing 423.8
Indian Overseas Bank 29 4.13 28.17 56.6 Bharat Forge Continuation 1164.0 MRPL Evening Star 129.3
Kajaria Ceramics Ltd 663.75 0.9967 662.445 67.36 Escorts Continuation 565.0 Tata power Continuation 83.7
PFC Continuation 164.0 Sun Pharma Continuation 632.8
Reliance Infra Continuation 605.0
Negative Trends
Scrip Name Close % Change 10-day SMA Delivery (%)
Infosys Ltd 918.95 -0.68 923.2 74.58 Overbought Stocks Oversold Stocks
Tech Mahindra Ltd 416.95 -1.88 424.0 70.05 Scrip Name LTP Stochastic Scrip Name LTP Stochastic
Allahabad bank 83 89.11 Adani Enterprise 112.7 6.4
GAIL 430 91.8 Hindustan Zinc 268.8 14.7
Mindtree 485 87.05 Just Dial 508.4 12.05
Yes Bank 1634 85.35 Reliance Industries 1370.5 14.7
Market Breadth

BSE NSE Stocks hitting 52 week high

Scrip Name LTP
6% 3%
44% 44% Bharat Forge 1165.0
50% 53%
Canara bank 366.5
CESC 957.5
JK Tyre 168.6
LIC Housing Finance 704.8

Source: Bloomberg, ICICIdirect.com Research

5
Previous
Deal TeamDaysPerformance
At Your Service
Product Strategy Recommended Price Targets SL Gain/Loss %* Comment
Nifty Future Sell Sell in the range of 9365-9375 9322.00 9395.00 48 Points Target achieved
SBI Future Buy Buy in the range of 290.50-291.50 293.40/296.00 288.40 - No trade(Opened near target)
Asian Paint Future Buy Buy in the range of 1120.00-1124.00 1132.00/1142.00 1111.40 - No trade(Opened near target)

* Return Opportunity

Nifty Points gained for the day: 48 Points Gains over last 19 trading days: 87 points

Stocks return: Avg -1.00 per trade (Cum. Profits over last 19 trading days: 2.22%)

Strike Rate for the day: 0/1 (Cum strike rate over 19 trading days: 9/16)

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 29921.18 29860.05 29793.8 29738.95 29992.65 30058.9 30113.75 Neutral
BANK NIFTY FUTURE 22394.35 22392.45 22344.1 22295.75 22489.15 22536.15 22583.2 +ve
NIFTY FUTURE 9339.3 9312.3 9289.55 9278.1 9357.8 9380.55 9391.95 Neutral
BANK NIFTY 22341.35 22297.45 22240.95 22190.85 22410.45 22466.95 22517.05 Neutral
NIFTY 9313.8 9292.3 9271.6 9256.5 9333.6 9354.25 9369.35 Neutral
ACC 1593.05 1567.05 1559.15 107.45 1594.55 1608.3 1622.05 - ve
ADANI ENTER. 112.75 112.3 109.85 107.45 117.2 120.05 122.9 +ve
ADANI PORT 330.6 330.3 328.75 327.2 333.45 335.15 336.9 +ve
ADANI POWER 32.5 32.1 31.9 31.75 32.6 32.85 33.15 - ve
ADITYA BIRLA 1663.2 1642.9 1629.5 1616.1 1663.55 1673.9 1684.2 - ve
AJANTA PHARMA 1651.85 1646.95 1641.5 1632.65 1657.75 1663.15 1672.05 Neutral
ALLAHABAD BANK 82.9 82 81.25 79.95 83.45 84.15 85.5 Neutral
AMARA RAJA BATT. 893.2 893.55 890.15 886.75 900.3 903.7 907.1 +ve
AMBUJA CEMENT 241.8 236.55 234.85 233.1 241.3 243.65 246 - ve
ANDHRA BANK 68.45 67.15 66.05 65 68.55 69.25 70 - ve
APOLLO HOSP.ENT. 1228.3 1215.05 1207.1 1199.1 1228.4 1235.1 1241.75 - ve
APOLLO TYRES 250.25 249.1 246.25 243.45 254.8 256.3 257.8 +ve
ARVIND 409.7 408.2 405.35 402.45 413.95 415.6 417.25 +ve
ASHOK LEYLAND 83.65 82.4 81.85 81.35 83.9 84.65 85.45 - ve
ASIAN PAINTS 1112.1 1095.55 1090.65 1085.75 1114.3 1123.7 1133.05 - ve
AUROBINDO PHARMA 596.8 586.45 581.6 576.8 599.1 605.4 611.75 - ve
AXIS BANK 505.55 500.4 497.7 495 506.15 509.05 511.9 - ve
BAJAJ AUTO 2898 2897.6 2886 2874.4 2920.8 2935.15 2949.55 +ve
BAJAJ FINANCE 1268.6 1255 1248.45 1241.9 1269.6 1276.9 1284.15 - ve
BOB 188.65 188.65 187.15 185.7 191.6 193.4 195.2 +ve
BOI 179.8 175.55 171.1 166.65 180.8 183.4 186 - ve
BATA INDIA 584.95 581.25 578.15 573.9 587.5 590.65 594.85 Neutral
BEML 1390.55 1379.2 1371.75 1364.3 1392.45 1399.05 1405.65 - ve
BHARAT ELECTRON. 183.1 182.25 181.5 180.25 183.75 184.5 185.75 Neutral
BHARAT FORGE 1163.55 1159.45 1151.05 1142.7 1176.2 1185 1193.8 +ve
BPCL 739.85 737.3 731.85 726.4 748.15 754.4 760.6 +ve
BHARTI AIRTEL 347.6 344.2 342.35 340.5 348.85 351.15 353.45 - ve
BHEL 175.5 174.75 173.95 173.1 176.45 177.3 178.15 Neutral
BHARTI INFRATEL 354.2 349.35 345.6 341.8 354.15 356.55 358.95 - ve

Source: NSE India, ICICIdirect.com Research

7
Supports and Resistance Table ( Cash Levels)

SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND

BIOCON 1086.8 1075.25 1064.65 1054.05 1091.3 1099.35 1107.4 - ve
BOSCH 23112.3 22933.35 22803.85 22640.1 23192.35 23321.85 23485.6 Neutral
BRITANNIA IND. 3573.95 3538.25 3515.6 3492.9 3582.65 3604.85 3627 - ve
CADILA HEALTHCARE 448.7 447.95 445 442 453.9 455.35 456.8 +ve
CANARA BANK 367.65 361.5 357.15 349.05 370.15 374.5 382.6 Neutral
CASTROL INDIA 436.1 432.3 430.15 428 437.1 439.5 441.9 - ve
CEAT 1595.6 1585 1558.35 1531.75 1638.25 1650 1661.75 +ve
CENTURY TEXT. 1112.7 1091.15 1085.15 1079.15 1112.15 1122.65 1133.15 - ve
CESC 957.05 955.15 949.55 943.95 966.35 973.2 980 +ve
CIPLA 555.35 553.1 551.35 549.6 555.7 557 558.3 - ve
COAL INDIA 274.55 272.7 271.65 270.65 275.1 276.35 277.55 - ve
COLGATE PALM. 1033.45 1006 1002.5 998.95 1027.45 1038.2 1048.9 - ve
CONTAINER CORP 1199.6 1188.5 1185.95 1183.4 1201.6 1208.15 1214.7 - ve
NSE CROMPTON GREAVES 78.45 77.05 76.6 76.2 78.45 79.1 79.8 - ve
CUMMINS INDIA 1001.35 1002.2 996.25 990.3 1014.1 1021.55 1029.05 +ve
DABUR INDIA 284.9 282.05 280.75 279.45 285.1 286.6 288.1 - ve
DEWAN HOUSING F. 447.1 443.6 437.5 431.4 455.8 458.15 460.5 +ve
DISH TV 95.15 94.6 93.95 93.6 95.85 96.45 96.85 Neutral
DIVI'S LAB. 626.75 621 618.75 616.55 627.75 631.15 634.55 - ve
DLF 189.35 189.25 187.75 186.25 192.2 193.6 194.95 +ve
DR.REDDY'S LAB. 2582.65 2560.2 2552.85 2545.55 2585.55 2598.25 2610.95 - ve
EICHER MOTORS 25790.75 25169.05 25099.2 25029.35 25874.6 26227.4 26580.15 - ve
ENGINEERS INDIA 170.5 169.7 167.8 165.95 173.45 174.35 175.3 +ve
EXIDE IND. 230.9 230.6 229.2 227.8 233.35 234.45 235.55 +ve
FEDERAL BANK 112.5 112.55 111.2 109.9 115.25 119.5 123.75 +ve
GAIL 429.5 428.1 425.1 422.05 434.1 436.5 438.85 +ve
GLENMARK PHARMA. 894.45 894.8 891.15 887.55 902.1 905.35 908.65 +ve
GODREJ CONSUMER 1784.3 1775.7 1759.95 1744.2 1807.2 1825.3 1843.45 +ve
GODREJ IND. 550.65 547.65 540.1 532.55 562.75 564.85 566.95 +ve
GRANULES INDIA 151.65 149.45 148.3 147.2 151.65 152.8 153.9 - ve
GRASIM 1153.15 1140.95 1131.45 1121.95 1155.3 1162.45 1169.6 - ve
HAVELL'S INDIA 479 472.95 469.3 465.65 479.8 483.25 486.7 - ve

Source: NSE India, ICICIdirect.com Research

8
Supports and Resistance Table ( Cash Levels)
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND
HCL TECH 822.05 820.9 817.45 814 827.75 832.85 837.9 +ve
HDFC BANK 1540.6 1530.35 1522.45 1514.6 1540.6 1545.75 1550.9 - ve
HDFC 1584.75 1578.1 1565.15 1552.2 1604.05 1613.05 1622.1 +ve
HERO MOTO 3352.95 3350.95 3330.05 3309.15 3392.75 3405.75 3418.75 +ve
HEXAWARE TECH. 227.5 223.9 222.3 220.7 228.65 231.05 233.45 - ve
HINDALCO 200.25 199.25 197.95 195.05 201.9 203.25 206.1 Neutral
HIND. UNILEVER 928.1 922.3 918.55 914.75 928.95 932.25 935.55 - ve
HPCL 552.6 550.4 546.5 542.55 558.25 561.85 565.4 +ve
HINDUSTAN ZINC 268.8 269.15 268.2 267.3 271.05 272.55 274.1 +ve
HDIL 89.25 87.15 86.35 85.55 89.8 91.1 92.45 - ve
IBULL HSG FIN 1072.55 1064.7 1050.2 1035.65 1093.7 1101.15 1108.6 +ve
IDBI 77.45 76.15 75.05 74 77.5 78.15 78.85 - ve
IDEA CELLULAR 84.7 84.05 83.75 83.45 84.9 85.35 85.75 - ve
IDFC 60.9 59.7 59.2 58.7 61.05 61.7 62.35 - ve
IFCI 32.2 32.2 31.7 31.2 33.15 34.3 35.4 +ve
INDUSIND BANK 1445.8 1442.7 1438.95 1429 1450.1 1453.8 1463.75 Neutral
INDIA CEMENTS 210.5 203.6 201.25 198.9 210.45 213.9 217.3 - ve
INDO COUNT IND. 204.55 200.65 199.2 197.75 204.65 206.65 208.65 - ve
INDRAPRASTHA GAS 1059.5 1048.8 1042.3 1035.8 1058.2 1062.9 1067.6 - ve
IOC 443.05 441.2 439.05 435.45 445.5 447.65 451.25 Neutral
IB REAL ESTATE 155.35 154.55 152.15 149.75 159.35 162.35 165.4 +ve
INFOSYS 922.6 922 919.15 916.35 927.65 930.6 933.55 +ve
IRB INFRA. 266.9 266.1 264.1 262.05 270.2 272.4 274.6 +ve
ITC 279.2 277.9 276.7 274.4 280.3 281.5 283.8 Neutral
JAIN IRRIGATION 108.9 106.75 105.9 105.1 109.15 110.35 111.6 - ve
JET AIRWAYS 530.1 528.5 525.2 521.9 535.05 537.65 540.25 +ve
JINDAL ST&POW 113.45 111.25 109.5 107.7 114.05 115.45 116.85 - ve
JSW ENERGY 62.25 61.05 59.9 58.7 62.5 63.25 63.95 - ve
JSW STEEL 195.8 193 190.7 188.45 196.6 198.4 200.2 - ve
JUBILANT FOOD 1044.2 1045.95 1038.75 1031.55 1060.35 1067.85 1075.35 +ve
JUSTDIAL 508.4 508.45 506 503.5 513.4 516.5 519.6 +ve
KARNATAKA BANK 168.35 168.5 167.05 165.55 171.4 174.55 177.7 +ve
KAVERI SEEDS.COM 565.8 563.75 561.55 558.35 568.25 570.5 573.65 Neutral
KOTAK MAH.BANK 917.9 915.4 910.7 905.95 924.85 929.6 934.3 +ve

Source: NSE India, ICICIdirect.com Research

9
Supports and Resistance Table ( Cash Levels)

SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND

KPIT TECH. 132.6 132 130.75 129.55 134.45 134.9 135.4 +ve
L&T 1732.05 1715.7 1709.05 1702.4 1736.7 1747.2 1757.7 - ve
LIC HOUSING 705.45 699.7 688.15 676.55 722.9 724.55 726.15 +ve
L&T FINANCE 134.05 133.05 131.35 129.6 136.5 136.95 137.4 +ve
LUPIN 1303.8 1285.2 1271.9 1258.55 1311.7 1324.95 1338.2 - ve
M& M 1340.95 1333.85 1327.25 1320.35 1347.1 1353.7 1360.6 Neutral
MARICO 319.35 318.85 317.3 315.75 321.95 323.2 324.45 +ve
MARUTI SUZUKI 6705.5 6695 6667 6639 6751 6828.25 6905.45 +ve
MCLEOD RUSSEL 192 190.2 188.2 186.3 194.2 196.2 198.15 Neutral
MINDTREE 485.45 479.85 478 476.1 485.55 488.35 491.2 - ve
M&M FIN.SERV. 333.4 328.95 326.7 324.5 333.2 335.3 337.45 - ve
MOTHERSON SUMI 402.05 398.15 395.3 390.8 403.9 406.75 411.25 Neutral
MRF 68372.55 68006.75 67681.8 67358.3 68656.6 68981.55 69305.05 Neutral
NCC 98.85 98.15 96.9 95.65 100.6 101.25 101.85 +ve
NHPC 31.85 31.8 31.65 31.45 32.15 32.35 32.55 +ve
NIIT TECHNOLOGIES 463.2 463.5 459.95 456.35 470.65 474.5 478.35 +ve
NMDC 127.65 127.75 127.1 126.45 129.05 129.75 130.5 +ve
NTPC 162.1 160.4 159.95 159.5 162.55 163.6 164.7 - ve
OIL INDIA 330.2 329.8 328.5 327.15 332.45 334 335.55 +ve
ONGC 192.4 191.85 190.3 188.75 195 197.25 199.55 +ve
OBC 171.95 172.9 170.8 168.75 177.1 179.65 182.25 +ve
PAGE INDUSTRIES 14792.8 14760.05 14637.6 14515.2 15004.9 15115.9 15226.9 +ve
PC JEWELLER 425.05 424.3 422.2 420.1 428.5 431 433.5 +ve
PETRONET LNG 425.6 425.8 423.95 422.05 429.6 432.15 434.65 +ve
PIDILITE INDUSTRIES 720.15 716 713.6 711.25 720.65 723 725.35 - ve
POWER FINANCE 163.6 163.1 161.95 160.75 165.4 166.3 167.15 +ve
POWER GRID 206 204.05 203.35 202.65 206.2 207.3 208.4 - ve
PTC INDIA 97 96.65 95.85 95 98.25 98.9 99.55 +ve
PNB 170.7 171.15 170.05 168.95 173.35 175.1 176.85 +ve
RCOM 33.65 33.2 32.95 32.7 33.85 34.15 34.45 - ve
REL. CAPITAL 665.25 656.65 647.65 638.65 664.7 668.75 672.8 - ve
RELIANCE INFRA. 605.1 603.55 599.35 595.15 611.9 617.55 623.15 +ve

Source: NSE India, ICICIdirect.com Research

10
Supports and Resistance Table ( Cash Levels)

SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND

RELIANCE 1370.55 1357.25 1349.9 1342.6 1375.1 1384 1392.95 - ve
RELIANCE POWER 48.35 47.9 47.7 47.45 48.45 48.7 49 - ve
REC 212.75 211.15 208.5 205.8 216.5 217.55 218.6 +ve
SAIL 59.2 58.15 57.75 57.3 59.4 60 60.6 - ve
SHRIRAM TRANS. 1008.65 994.1 986.15 978.2 1014.45 1024.65 1034.8 - ve
SIEMENS 1336.45 1333.9 1327.7 1321.5 1346.3 1354.4 1362.45 +ve
SINTEX IND. 114.55 114.4 113.8 113.2 115.55 116 116.45 +ve
SOUTH INDIAN BANK 25.45 25 24.6 24.2 25.55 25.8 26.1 - ve
S.R.F. 1768.6 1750.4 1738.4 1726.4 1771.85 1782.55 1793.3 - ve
SBI 288.3 286.1 283.9 281.75 288.8 290.15 291.5 - ve
STRIDES SHASUN 1063.85 1046.2 1039.1 1032.05 1068.2 1079.15 1090.15 - ve
SUN PHARMA 632.8 625.45 623.65 621.85 633.8 638 642.2 - ve
SUN TV 923.95 925.15 920.9 916.65 933.65 938 942.4 +ve
SYNDICATE BANK 83.2 82.25 81.3 78.7 84.1 85.05 87.65 Neutral
TATA COMM. 714.35 703.95 700.2 696.45 715.15 720.75 726.35 - ve
TATA CHEM. 654.5 647.85 645.3 642.8 654.2 657.4 660.55 - ve
TATA ELXSI 1530.95 1528.45 1521.75 1515 1541.85 1548.65 1555.45 +ve
TATA MOTOR DVR 272.75 269.15 267.35 265.55 273.4 275.55 277.65 - ve
TATA MOTORS 451.25 447.45 445.15 442.8 451.8 453.95 456.1 - ve
TATA POWER 83.7 83.2 82.9 82.65 83.8 84.1 84.45 - ve
TATA GLOBAL BEV. 157.7 157.65 155.75 153.8 161.5 162.35 163.2 +ve
TCS 2289.9 2290.25 2284.75 2279.25 2301.25 2311.65 2322 +ve
TECH MAHINDRA 418.15 416.95 414.85 411.65 421.15 423.2 426.4 Neutral
TATA STEEL 445.05 440.95 437.75 434.55 446.25 448.9 451.55 - ve
TITAN IND. 485.1 482.9 478.9 474.85 490.95 494.4 497.85 +ve
TORRENT PHARMA 1388.8 1364.5 1354.4 1344.25 1395.05 1410.35 1425.6 - ve
TV18 BROADCAST 41.6 41.25 40.9 40.55 41.95 42.25 42.65 Neutral
TVS MOTOR 495.5 490.9 487.7 484.5 495.35 497.6 499.8 - ve
UCO BANK 41.8 41.85 41.5 41.15 42.55 43.15 43.7 +ve
ULTRATECH CEMENT 4206 4155.7 4142.25 4128.75 4204.15 4228.4 4252.6 - ve
UNITED BREW. 771.3 767.8 765.4 759.9 772.65 775.1 780.55 Neutral
UNITED PHOSPH. 804.45 793.75 788.35 782.95 804.55 809.95 815.4 - ve

Source: NSE India, ICICIdirect.com Research

11
Supports and Resistance Table ( Cash Levels)

SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND

UNITED SPIRITS 1935.8 1926.6 1910.5 1894.4 1958.8 1976 1993.2 +ve
VEDANTA 241.85 240.25 237.95 233.85 244.8 247.1 251.2 Neutral
VOLTAS 415.25 415.1 412.8 410.45 419.75 420.9 422 +ve
WIPRO 494.9 494.1 493 491.1 496.3 497.35 499.3 Neutral
WOCKHARDT 710.75 703.25 699.65 696.05 713.1 718.05 723 - ve
YES BANK 1633.9 1628.1 1621.05 1615.3 1642.2 1649.3 1655 Neutral
ZEE 534.2 533.2 529.75 526.3 540.05 543.1 546.15 +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 to allocate equal amount to each recommendation

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% 1-2 Stocks 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. Some of the formations suggest reversal of sentiment (trend) and, therefore, are
important for a chart reader. By themselves, the patterns do not carry any price target but only an indication of change in market behaviour. More importance
needs to be given to the placement of the pattern within larger trend

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

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

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

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
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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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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 or its associates might have received any compensation from the companies mentioned herein during the period preceding
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ICICI Securities or its associates might have received any compensation for products or services other than investment banking or merchant
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It is confirmed that Dharmesh Shah, Dipesh Dagha, Nitin Kunte, Pabitro Mukherjee and Vinayak Parmar, Research Analysts giving these
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