Daily Calls

August 21, 2015

Market Outlook

Sensex Daily Candlestick Chart

We said, "Whether tired or only forming a corrective phase

would be decided by moves beyond Fridays candle..." The
index was tired. Breaking Friday's low, it settled 324 points or
1.1% lower. The damage could have been much larger if ITC
and pharma had not contributed positively. All other sectors
lost 1-4% while the A/D ratio worsened to 1:6.
The action formed a sizable Bear candle, the low of which is
seen testing what looks like a Neck-Line of H&S, as marked in
Red With negative global cues overnight,
Red.
overnight weakness and
close below the last supports of 27416-479 would break the
neck line and open up further negative options. Only
protecting of 27416-479 levels can be positive from here.

Source: ASA, ICICIdirect.com Research

Recommendations for the day

NIFTY
ITC
Reliance Infrastructure
Zee Entertainment

NIFTY
ITC
BSES
ZEETEL

Sell in the range of 8388-8393

Buy in the range of 326.00-327.00
Sell below 348.00
Sell below 395.00

8360.00/8340.00
332.00/335.00
342.00/339.00
389.00/385.00

8408.00
323.50
351.00
398.50

* All recommendations are for current month futures

Buy Nifty August Future in the range of 8388-8393

Target: 8360/8340

Deal Team At Your Service

Nifty Future Daily Candlestick Chart

Niftyy Technical Picture ((Spot)

p )
Nifty
Trend

Intraday
Down

Trend Reversal

Short Term
Range bound

8375

Support

8290-8250

8200

Resistance

8345-8375

8650

20 Days EMA

8475

200 days EMA

8283

Nifty Future Recommendation

CMP :

8380 05
8380.05

Comment : Future premium decreased from 10

points to 7. NF weakens after failing
to cross Grey channel, now testing
previous supports 8326-55.Reverse if
holds 8300 or 8250
Action :

Sell in the range of 8388-8393

Targets :

8360/8340

Stop-loss : 8408.00

Source: ASA, ICICIdirect.com Research

Stop loss: 8408

Stock
Recommendation
Gladiator
Stocks
Buy ITC August Future in the range of 326.00-327.00

CMP

328.95

Target: 332.00/335.00

Stop loss: 323.50

Price close above 100 day EMA and falling channel breakout
signaling further upsides in coming sessions

Comment : Price close above 100 day EMA and

falling channel breakout and bullish
crossover in RSI
Action :

Buy in the range of 326.00-327.00

Targets :

332.00/335.00
RSI generated bullish crossover indicate positive momentum in coming sessions

Stop-loss : 323.50

Sell Reliance Infrastructure August Future below 348.00

CMP

Target: 342.00/339.00

Short term trend line support breached indicating negative bias in

the coming sessions

349.50

Comment : Short term trendline support breached

and RSI in sell mode
Action :

Sell below 348.00

Targets :

342.00/339.00

Stop loss: 351.00

RSI in downward trajectory indicating negative trend in price

Stop-loss : 351.00
Source: Bloomberg, ICICIdirect.com Research

Stock
Recommendation
Gladiator
Stocks
Sell Zee Entertainment August Future below 395.00

CMP

Target: 389.00/385.00
Rising trendline support breached indicating
further downsides in coming sessions

396.05

Comment : Rising trendline support breached

and MACD in sell mode
Action :

Sell below 395.00

Targets :

389.00/385.00

Stop-loss : 398.50

MACD in sell mode indicate negative momentum in coming sessions

Source: Bloomberg, ICICIdirect.com Research

Stop loss: 398.50

Market Activity
Global Currencies, Commodities & Bond Yields
Spot

Close

Prev.close

% Chg

Rupee (|)

65.550

65.274

-0.42

Dollar Index

95.729

95.980

-0.27

Euro

1.125

1.124

0.04

British Pound

1.568

1.569

-0.05

Japanese Yen

123.290

123.400

0.08

Australian ($)

0.729

0.734

-0.64

Swiss Franc

0.958

0.959

0.00

Closing Yield (%) Previous Yield (%)

India 10 year

7.75

7.75

US 10 Year
EURO 10 Year

2.08

2.07

0.58

0.62

GBP 10 Year
JPY 10 Year

1.76

1.83

0.36

0.37

Close Prev. Close

%Chg

Gold/ounce

1159.50

1152.20

Copper /ton

5125.00

4995.50

-0.15

46.21

46.62

-0.79

Brent Crude/barrel

0.64

Domestic Indices
Indices

Cash Segment (| Cr)

FII

DII

20-Aug-15
20
Aug 15

-1
1,007.3
007 3

567 9
567.9

19-Aug-15

-423.7

383.3

18-Aug-15
17-Aug-15
14-Aug-15

-255.4
142.3
403.8

127.5
183.7
179.2

Close

S&P BSE Sensex

CNX Nifty
Nifty future
S&PBSE 500
p
S&PBSE Midcap
S&PBSE Smallcap

Change Change%

27607.82

-323.82

-1.16

8372.75

-122.40

-1.44

8380.05

-125.35

-1.47

11082.89
11317.88
11680.81

-165.69
-231.18
-239.88

-1.47
-2.00
-2.01

Change Change%
-358.04
-2.06
-141.56
-2.82
-35.56
-0.56
-249.96
-2.34
-382.29
-1.68
-422.20
422.20
-2.11
2.11
-79.50
-0.95

Nifty Heat Map

Lupin
Tata
power

1,890.6
5.3%
67.5
0.1%

HDFC
Ltd

1,249.9

Grasim
Ind

3,693.0

TCS
ICICI
Bank

Institutional Activity

Global Indices
Indices
Close
Dow Jones
16990.69
Nasdaq
4877.49
FTSE
6367.89
DAX
10432.19
Hang Seng
22377.44
Nikkei
19587.25
SGX Nifty
8300.00
* Asian Market as at 7:30am

IDFC
SBI
Infosys
Vedanta
Ltd

Source: Bloomberg, ICICIdirect.com Research

-0.5%
-1.2%
2 686 9
2,686.9
-1.7%
298.3
-2.1%
138.5
-2.2%
270.6
-2.7%
1,134.6
-3.5%
98.6
-3.8%

ITC
NTPC
Cipla
Wipro
L&T
Hero
Moto
M&M
HCL
Tech
BHEL
RIL

329.4
3.9%
126.0
0.0%
691.6
-0.6%
576.8
-1.4%
1 781 9
1,781.9
-1.8%
2,629.1
-2.1%
1,334.8
-2.3%
961.3
-2.7%
253.0
-3.5%
916.3
-4.0%

BPCL
Tech M.
HDFC
Bank
Hindalco

902.1
1.7%
558.9
-0.2%
1,074.7
-0.7%
85.0
-1.4%

Asian
Paints

-1.8%

Kotak
Bank

-2.1%

ACC
GAIL
Bank of
Baroda
PNB

883 2
883.2
697.5
1,411.0
-2.5%
320.3
-2.9%
201.1
-3.7%
159.0
-5.4%

Dr
Reddy

4,295.6

Power
Grid

136.1

Bharti
Airtel
United
Spirits
ONGC
NMDC

1.5%
-0.3%
380.0
-0.7%
3,421.8
-1.6%
255 8
255.8
-1.8%
93.9
-2.1%

Tata
Motors

-2.6%

Ambuja
j
Cement

-3.1%

Ultratech
Cairn
India

342.2
224.0
3,045.1
-3.7%
142.0
-6.3%

Sun
Pharma
HUL
Maruti
Coal
India
Bajaj
Auto
IDEA

936.7
1.0%
872.1
-0.5%
4,634.2
-0.8%
349.9
-1.6%
2 491 8
2,491.8
-2.0%
157.1
-2.2%

Indusind
Bank

-2.6%

Tata
Steel

-3.3%

Axis
Bank

-3.7%

Yes
Bank

-7.0%

932.1
241.6
533.4
720.1

Trend Scanner

Deal Team At Your Service

Positive Trends

Candlestick Pattern

Scrip Name

Close

Dr Reddy's Laboratories Ltd

ITC Ltd
Glenmark Pharmaceuticals Ltd

% Change

10-day SMA

Delivery (%)

4295.60

1.52

4246.66

64.87

Scrip Name

Pattern name

LTP

Scrip Name

Pattern name

LTP

329.35

3.93

319.48

76.10

Hind Oil Exploration Engulfing Bull

39.6

Kotak Bank

Engulfing Bear

698.4

1221.35

1.77

1105.89

42.74

Brigade

Piercing Line

149.3

UBL

Engulfing Bear

924.9

ITC

Continuation

329.4

Jagran

Evening Star

138.5

Dr Reddy

Continuation

4301 0
4301.0

Bullish Candlestick Formations

Bearish Candlestick Formations

Negative Trends
Scrip Name

Close

Bata India Ltd

1131.80

% Change

10-day SMA

Delivery (%)

-4.06

1168.60

51.56

DLF Ltd

120.00

-5.29
5.29

124.90

68.84

Raymond Ltd

440.90

-2.65

448.38

61.62

Reliance Infrastructure Ltd

350.50

-4.20

379.66

62.92

Cairn India Ltd

142.00

-6.33

155.60

66.85

Overbought Stocks
S i Name
Scrip
N
Ceat

Yes Bank

Continuation

726 0
726.0

Cairn India

Continuation

143.1

Arvind

Continuation

273.2

Oversold Stocks
LTP

S i Name
Scrip
N

LTP

1123.2

NTPC

126.0

Aurobindo Pharma

798.9

ONGC

255.8

Divi's Laboratories

2404.1

Hindalco

84.9

Market Breadth
BSE

70%

4%

Stocks hitting 52 week high

NSE

26%
82%

2% 16%

Scrip Name
Adani ports
Glenmark
Maruti
Nitco
Strides arcolab

Source: Bloomberg, ICICIdirect.com Research

Stocks hitting 52 week low

LTP

Scrip Name

368

Cairn

1223.85

GAIL

320.1

Hindalco

84 95
84.95

4633 3
4633.3
35.5
1329.7

NMDC

LTP
141.6

94

Previous
DaysPerformance
Deal Team
At Your Service
S i
Scrip

Nifty
Strides Arcolab
Ultratech Cement
PFC

P d t
Product

Future
Future
Future
Future

Stock profits: Avg 1.12% per trade

Strike Rate for the day: 2/3
Nifty Points gained for the day: 55 points

St t
Strategy

Sell
Buy
Buy
Sell

R
Recommended
d dP
Price
i

In the range of 8500-8510

In range of 1337-1340
In range of 3152-3156
below 235

T
Targets
t

8470/8450
1360/1373
3194/3215
230/227

SL

G i /L
Gain/Loss
%*

8525.00
1326.00
3134.00
237.50

55 Points
2.40
-0.65
1.60

C
Comment
t

Target 2 achieved
Target 2 achieved
Stoploss triggered
Closed at 231.30

(Cum. Profits over last 97 days: 138.95%)

(Cum strike rate over 97 days: 139/233
Gains over last 97 days: 195 points

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, ddepending
di upon th
the entry
t andd exitit price
i andd stop
t llosses

Source: NSE India, ICICIdirect.com Research

Supports and Resistance Table ( Cash Levels)

SCRIP
SENSEX
NIFTY
ACC
ADANI ENTER.
ADANI PORT
ADITYA BIRLA
AJANTA PHARMA
ALLAHABAD BANK
AMARA RAJA BATT.
AMBUJA CEMENT

CLOSE

S1

S2

S3

R1

27607 82
27607.82

27459 8
27459.8

27384 75
27384.75

27309 7
27309.7

27660

27760 1
27760.1

R2

27860 25
27860.25

R3

TREND
- ve

8372.75

8321.2

8297.6

8273.95

8392

8427.4

8462.8

- ve
- ve

1411

1397.9

1380

1362.15

1415.6

1424.45

1433.3

83.2

80.65

80.1

79.55

83.95

85.6

87.25

- ve

368.55

367.9

363.85

359.8

376.05

379.35

382.6

+ve

2219.25

2171.3

2159.85

2148.45

2236.4

2269

2301.55

- ve

1637.1

1610.05

1591.95

1573.85

1645.05

1662.55

1680.05

- ve

88 35
88.35

85 95
85.95

84 55
84.55

83 1
83.1

89 3
89.3

91

92 65
92.65

- ve

1048.85

1032.6

1021

1009.4

1048.75

1056.8

1064.85

- ve
- ve

223.95

220.45

218.6

216.7

224.7

226.85

228.95

AMTEK AUTO

63.55

51.3

36.25

21.25

64.65

71.35

78.05

- ve

ANDHRA BANK

74.05

72.55

71.95

71.3

74.6

75.6

76.65

- ve

APOLLO HOSP.ENT.

1338.2

1315.8

1298.05

1280.25

1347.8

1363.8

1379.75

- ve

APOLLO TYRES

194.45

191.45

187.9

184.4

194.55

196.1

197.7

- ve

ARVIND

273 95
273.95

266 85
266.85

265 1
265.1

263 4
263.4

276 8
276.8

281.8
8

286 8
286.8

- ve

95.6

94.45

93.45

92.5

95.85

96.55

97.3

- ve

883.2

870.4

865.15

859.9

887.75

896.45

905.1

- ve

798.85

785.4

772.2

759

803.8

813.05

822.25

- ve

ASHOK LEYLAND
ASIAN PAINTS
AUROBINDO PHARMA
AXIS BANK

533.4

524.25

521.8

519.3

536

541.9

547.75

- ve

BAJAJ AUTO

2491.8

2466.85

2452.25

2437.7

2499.2

2515.35

2531.5

- ve

BAJAJ FINANCE

5307.8

5258.55

5246.1

5233.6

5318.55

5348.55

5378.5

- ve

BOI

169 65
169.65

165 65
165.65

164 4
164.4

163 15
163.15

171

173 7
173.7

176 4
176.4

- ve

1131.8

1109.2

1100.95

1092.7

1138.75

1153.5

1168.25

- ve
- ve

BATA INDIA
BHARAT ELECTRON.

3622.7

3585.3

3557

3528.75

3627.55

3648.7

3669.85

BHARAT FORGE

1260.5

1243.15

1233.4

1223.65

1264.3

1274.85

1285.45

- ve

BPCL

902.05

902

893.55

885.05

918.95

926.95

934.9

+ve

BHARTI AIRTEL

380

376.25

371.6

368.2

385.55

390.2

393.55

Neutral

BHEL

252.95

249.25

247.65

246

254.15

256.6

259.05

- ve

BRITANNIA IND
IND.

3224 4
3224.4

3191 85
3191.85

3176 3
3176.3

3160 8
3160.8

3236

3258 05
3258.05

3280 15
3280.15

- ve

142

138.45

136.8

135.15

143.35

145.75

148.2

- ve
- ve

CAIRNS INDIA
CANARA BANK

326.35

316.55

312.95

309.35

330.05

336.8

343.55

CASTROL INDIA

472.9

466.45

463.95

461.45

475.5

480.05

484.6

CEAT

1123.2

1111.25

1101.95

1093.95

1129.9

1139.25

1147.25

Neutral

CENTURY TEXT.
CESC

- ve

681.4

669

665.3

661.55

686.35

695

703.65

- ve

547.95

537.8

534.55

531.3

551.6

558.5

565.35

- ve

Source: NSE India, ICICIdirect.com Research

Supports and Resistance Table ( Cash Levels)

SCRIP

CLOSE

S1

S3

R1

R2

R3

CIPLA

691.6

684

679.1

674.2

693.8

698.7

703.6

349.85

348.25

344.95

342.25

354.75

358

360.75

Neutral

CROMPTON GREAVES

179.55

176.25

175.15

174

180.5

182.65

184.75

- ve

DEWAN HOUSING F.

489.75

481.35

478.25

475.15

490.8

495.55

500.3

- ve

111.4

108.5

107.8

107.15

112

113.75

115.5

2404.1

2391.2

2378.25

2337.15

2417.05

2429.95

2471.05

COAL INDIA

DISH TV
DIVI'S LAB.
DLF

S2

TREND
- ve

- ve
Neutral

120

114.6

113.1

111.65

120.5

123.45

126.45

- ve

DR.REDDY'S LAB.

4295.6

4293.5

4274.35

4255.15

4331.85

4356.15

4380.4

+ve

EXIDE IND.

160.75

158.1

156.65

155.2

160.8

162.1

163.45

- ve

66.7

65.95

65.65

65.35

66.8

67.2

67.6

- ve

FEDERAL BANK
GAIL

320.3

316.15

315

313.8

321.4

324.05

326.65

- ve

3692.95

3639.25

3619.2

3599.1

3688.8

3713.6

3738.35

- ve

HAVELL'S INDIA

266.15

263.85

262.05

260.25

266.75

268.25

269.7

- ve

HCL TECH

961.25

947.7

940.65

933.65

965.65

974.65

983.65

- ve

HDFC BANK

1074.7

1066.9

1063.9

1060.9

1075.25

1079.45

1083.65

- ve

GRASIM

HDFC

1249.9

1241.65

1237.3

1232.95

1252.1

1257.3

1262.55

- ve

HERO MOTO

2629.1

2612.15

2583.9

2555.65

2633.65

2644.45

2655.2

- ve

HEXAWARE TECH.

265.25

261.25

259.55

257.85

266.6

269.3

271.95

- ve

84.95

83.6

82.85

82.05

84.95

85.6

86.25

- ve

HIND. UNILEVER

872.05

858.75

852.8

846.85

876.15

884.9

893.6

- ve

HPCL

868 95
868.95

855 6
855.6

849 05
849.05

842 5
842.5

872 1
872.1

880 3
880.3

888 55
888.55

- ve

791.2

782.55

778

773.4

793.6

799.15

804.65

- ve

HINDALCO

IBULL HSG FIN

IDBI

66.45

65.15

64.55

64

66.95

67.85

68.75

- ve

157.05

154.45

153.35

152.2

157.55

159.1

160.65

- ve

138.5

136.7

136.15

135.6

139.2

140.45

141.65

- ve

22.3

22.05

21.9

21.75

22.4

22.55

22.75

- ve

INDUSIND BANK

932.1

912.95

909

905.05

934.65

945.5

956.4

- ve

INDIA CEMENTS

83 35
83.35

81 7
81.7

80 9
80.9

80 15
80.15

83 4
83.4

84 25
84.25

85 1
85.1

- ve

INDRAPRASTHA GAS

479.3

469.35

466

462.7

480.1

485.5

490.9

- ve

IDEA CELLULAR
INFRA DEV FINANC
IND.FIN.CORP.OF

IOC

397.7

391.6

389.15

386.7

398.3

401.65

405.05

- ve

IB REAL ESTATE

55.75

50.95

49.75

48.55

55.95

58.45

60.95

- ve

INFOSYS

1134.55

1118.85

1111.25

1103.65

1139.1

1149.25

1159.35

- ve

IRB INFRA.

247.85

242.2

238.7

235.2

250

253.9

257.85

- ve

ITC

329.35

327.35

323.85

320.35

334.35

336.6

338.85

+ve

Source: NSE India, ICICIdirect.com Research

Supports and Resistance Table ( Cash Levels)

SCRIP

CLOSE

S1

S2

S3

R1

JINDAL ST&POW

67.9

65.6

63.7

61.85

68.8

JSW ENERGY

73.6

72.6

71.9

71.15

73.9

JSW STEEL

961.55

949.75

940.15

930.5

963.2

JUBILANT FOOD

R3

TREND

70.4

72

- ve

74.55

75.2

- ve

969.95

976.65

- ve

1786.9

1776.2

1763.65

1748.2

485.2

436.65

424.05

411.45

1801.25

1813.75

1829.25

Neutral

480.5

502.45

524.35

KOTAK MAH.BANK

697.45

688.65

683.3

- ve

677.95

699.65

705.15

710.65

L&T

1781.85

1757.55

- ve

1749.05

1740.55

1785.05

1798.8

1812.55

472.15

- ve

462.1

460.1

458.15

475.1

481.6

488.1

- ve

1890.55

1886.3

1853.9

1821.5

1951.1

1969.55

1987.95

+ve

M& M

1334.75

1316.55

1307.55

1298.55

1340.3

1352.2

1364.1

- ve

MARUTI SUZUKI

4634.15

4592.8

4572.5

4552.15

4638.4

4661.15

4683.95

- ve

KAVERI SEEDS.COM

LIC HOUSING
LUPIN

R2

MINDTREE

1377.3

1341.8

1331.25

1320.7

1386.3

1408.55

1430.8

- ve

M&M FIN.SERV.

264.15

264.85

263.05

261.25

268.4

269.95

271.45

+ve
- ve

MOTHERSON SUMI

327.7

321.85

320.4

318.95

329.4

333.2

337

NMDC

93.9

92.95

92.05

91.2

94.05

94.6

95.15

- ve

NTPC

125.95

125.4

124.75

124.35

126.75

127.45

127.8

Neutral

OIL INDIA

459.6

452.1

451.15

450.15

461.05

465.5

469.95

ONGC

255.8

253.7

251.8

249.9

256

257.15

258.3

- ve

OBC

162.6

157.95

156.2

154.45

164.65

168

171.4

- ve

14588.8

14496.7

14409.2

14285.8

14671.7

14759.2

14882.55

179.15
9 5

175.85
5 85

175.05
5 05

174.3
3

180.3
80 3

182.5
8 5

184.75
8
5

- ve
e

567.65

562

558.8

555.55

569.35

573

576.65

- ve

POWER FINANCE

231.4

229.35

227.6

225.85

232

233.35

234.7

- ve

PTC INDIA

64.35

62.95

62.45

62

64.9

65.85

66.85

- ve

159

154.65

153.65

152.6

160.7

163.7

166.7

61.25

60.7

60.1

59.55

61.9

62.5

63

REL. CAPITAL

328.4

322.45

320.4

318.3

329.75

333.4

337.05

RELIANCE INFRA.

350.5

343.8

341.8

339.75

352.65

357.05

361.5

- ve

RELIANCE

916.3

900.05

894.65

889.3

923.15

934.7

946.25

- ve

PAGE INDUSTRIES
PETRONET
O
LNG
G
PIDILITE INDUSTRIES

PNB
RCOM

RELIANCE POWER

- ve

Neutral

- ve
Neutral
- ve

40.9

40.35

40.15

39.95

41.05

41.4

41.75

- ve

REC

254.15

251.05

248.75

246.45

254.7

256.55

258.4

- ve

SAIL

56.25

55.7

55.05

54.35

56.35

56.65

57

- ve

SHRIRAM TRANS.

850.8

838.55

833.55

828.6

853.3

860.65

868.05

- ve

SIEMENS

1415.7

1392.45

1380.7

1368.95

1424.45

1440.45

1456.45

- ve

Source: NSE India, ICICIdirect.com Research

10

Supports and Resistance Table ( Cash Levels)

SCRIP

CLOSE

S1

S2

S3

R1

R2

R3

SKS MICRO FIN.

516.4

506.55

503.35

500.15

520.6

527.65

534.65

- ve

SOUTH INDIAN BANK

22.45

22.3

22.2

22.1

22.5

22.6

22.75

- ve

S.R.F.

1298.15

1273.9

1261.05

1248.25

1306.4

1322.65

1338.9

- ve

SBI

270.55

265.15

262.55

259.95

271.95

275.4

278.8

- ve

SUN PHARMA

936.65

940.7

932.15

923.55

957.85

968.9

979.95

+ve

SUN TV

344.95

339.5

334.9

330.35

345.6

348.65

351.7

- ve

99 7
99.7

97 8
97.8

96 8
96.8

95 85
95.85

100 35
100.35

101 65
101.65

102 95
102.95

- ve

TATA COMM.

402.7

396.7

394.8

392.85

404.6

408.55

412.45

- ve

TATA CHEM.

447.6

440.95

436.85

432.75

449.9

454.4

458.9

- ve

TATA MOTOR DVR

243.1

239.7

237.15

234.6

243.35

245.2

247.05

- ve

TATA MOTORS

342.2

338.9

335.8

332.7

343.25

345.45

347.6

- ve

67.5

66.25

65.95

65.65

67.45

68.05

68.6

- ve

132.9

131.45

130.6

129.8

133.05

133.85

134.7

- ve

2686.85

2657.55

2649.85

2642.1

2694.05

2712.3

2730.55

- ve

558.9

550.75

548.7

546.6

561.1

566.25

571.4

- ve

241.55

238.55

236.55

234.55

242.5

244.5

246.45

- ve

341.2

341.5

339.65

337.75

345.2

347.4

349.55

+ve

TVS MOTOR

231.7

231.15

229.85

228.5

233.8

235.35

236.9

+ve

UCO BANK

51.05

49.8

49.25

48.7

51.55

52.45

53.3

- ve

3045.05

2987.4

2969.3

2951.25

3061.85

3099.1

3136.35

- ve

SYNDICATE BANK

TATA POWER
TATA GLOBAL BEV.
TCS
TECH MAHINDRA
TATA STEEL
TITAN IND.

ULTRATECH CEMENT

TREND

UBI

201.2

195.2

193.3

191.4

202.95

206.85

210.7

- ve

UNITED PHOSPH.

547.5

539.95

536.3

532.6

550

555.05

560.05

- ve

VOLTAS

296.6

291.7

288.8

285.9

297.45

300.3

303.2

- ve

576.75

571.55

567.65

563.75

577.85

581

584.15

- ve

WOCKHARDT

1687.7

1663.7

1647.45

1631.2

1696

1712.15

1728.3

- ve

YES BANK

720 05
720.05

690 3
690.3

685 8
685.8

681 3
681.3

726 55
726.55

744 65
744.65

762 8
762.8

- ve

394.5

388.2

385.75

383.3

395.9

399.75

403.65

- ve

WIPRO

ZEE

Source: NSE India, ICICIdirect.com Research

11

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
g 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
y
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
T
di portfolio
tf li allocation
ll
ti
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
12

Recommended product wise trading portfolio allocation

Product

Allocations
Product wise Max allocation in
allocation
1 Stock

Return Objective
Number of Calls

Frontline Stocks Mid Cap Stocks

Duration

Daily Calls

8%

2-3%

3-4 Stocks

0.5-1%

2-3%

Intraday

Short term Delivery

6%

3-5%

7-10 Per Months

4-5%

7-10%

Opportunity Based

Weekly Calls

8%

3-5%

1-2 Stocks

5-7%

7-10%

1 Week

Weekly Technicals

8%

3-5%

1-2 Stocks

5-7%

7-10%

1 Week

Monthly Call

15%

5%

2-3 Stocks

7-10%

10-15%

1 Month

Monthly Technical

15%

2-4%

5-8 Stocks

7-10%

10-15%

1 Month

Techno Funda

15%

5-10%

1-2 Stocks

10% and above 15% and above

6 Months

Technnical Breakout

15%

5 10%
5-10%

1 2 Stocks
1-2

10% and above 15% and above

3 6 Months
3-6

Cash

10%
100%

13

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 P
Pattern
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

14

Pankaj Pandey

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

pankaj.pandey@icicisecurities.com

Disclaimer
ANALYST CERTIFICATION
We /I, Dharmesh Shah, Dipesh Dagha, Nitin Kunte, Pabitro Mukherjee, Vinayak Parmar Research Analysts, authors and the names subscribed to
thi report,
this
t hereby
h b certify
tif that
th t allll off the
th views
i
expressed
d in
i this
thi research
h reportt accurately
t l reflect
fl t our views
i
about
b t the
th subject
bj t issuer(s)
i
( ) 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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16

Disclaimer
ICICI Securities accepts no liabilities whatsoever for any loss or damage of any kind arising out of the use of this report. Past performance is not
necessarily a guide to future performance.
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
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ICICI Securities or its associates might have managed or co-managed public offering of securities for the subject company or might have been
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ICICI Securities or its associates might have received any compensation from the companies mentioned in the report during the period preceding
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It is confirmed that Dharmesh Shah, Dipesh Dagha, Nitin Kunte, Pabitro Mukherjee, Vinayak Parmar Research Analysts of this report have not
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Since associates of ICICI Securities are engaged
g g in various financial service businesses, they
y might
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in various companies including the subject company/companies mentioned in this report.

17