Daily Calls

January 29, 2016

Market Outlook

Sensex Daily Candlestick Chart

We said, "Indecisive till it breaks beyond the two-day range

..." The index generated false break of the range at opening
but recovered 186 points, thereafter. Failing to break the
range on upside, it shaved off all gains later and settled flat.
The FMCG majors, ITC and HUL saved it from larger damage
but he A/D ratio ended marginally negative.
The action formed a Long Legged Doji on the third day of
indecisive trade. With the January account now settled,
watch if the index is able to hold yesterday
yesterday'ss low and open
positive options for February account. Positive options will
get confirmed on strength/close above two day range, i.e.
Monday's high. Otherwise, the index may remain subdued
and turn negative if it breaks and ends below yesterday.

Source: ASA, ICICIdirect.com Research

Recommendations for the day

Scrip
NIFTY
Zee Entertainment
Hindustan Unilever
Centuryy Textile

I Direct Code
I-Direct
Action
NIFTY
Buy in the range of 7400-7410
ZEETEL
Buy above 406.50
HINLEV
Buy in the range of 787.50-788.50
CENTEX
Sell below 511.00

Target
7440/7460.00
413.50/417.50
798.00/808.00
501.00/496.00

Stoploss
7385.00
402.50
779.50
516.10

* All recommendations are for current month futures

Buy Nifty February Future in the range of 7400-7410

Target: 7440/7460

Deal Team At Your Service

Nifty Future Daily Candlestick Chart

Niftyy Technical Picture ((Spot)

p )
Nifty
Trend

Intraday
Range Bound

Short Term
Range Bound

Trend Reversal
Support

7390-7360

7240

Resistance

7450-7477

7600

20 Days EMA

7543

200 days EMA

7985

Nifty Future Recommendation

CMP :

7448 35('F b)
7448.35('Feb)

Comment : Feb Future premium increased from 6

points to 24.Watch for decisive action
beyond 7400-85 range in Feb
a/c.Reverse if fails to reach or sustain
above 7440-50 or 7475-85
Action :

Buy in the range of 7400-7410

Targets :

7440/7460

Stop-loss : 7385

Source: ASA, ICICIdirect.com Research

Stop loss: 7385

Stock
Recommendation
Gladiator
Stocks
Buy Zee Entertainment February Future above 406.50
CMP :

Target: 413.50/417.50

Stop loss: 402.50

Price rebound after taking support at the 200 day EMA

suggests resumption of positive momentum

406.30

Comment : Price rebound after taking support at

the 200 day EMA and bullish
crossover in RSI
Action :

Buy above 406.50

Targets :

413.50/417.50
Bullish crossover of RSI above its 9 period average signals strength in price up move

Stop-loss : 402.50

Buy Hindustan Unilever February Future in the range of 787.50-788.50

CMP

Target : 798.00/808.00

Stop loss: 779.50

Bullish engulfing candle formed at previous bottom signals

renewed buying momentum and augurs well for further upsides in
the coming sessions

793.90

Comment : Bullish engulfing candle formed at

previous bottom and Stochastics in
b mode
buy
d
Action :

Buy in the range 787.50-788.50

Targets :

798.00/808.00

Short term stochastic remains in rising trajectory supporting further

upsides on price front

Stop-loss
p
: 779.50

Source: Bloomberg, ICICIdirect.com Research

Stock
Recommendation
Gladiator
Stocks
Sell Century Textile February Future below 511.00
CMP

Target: 501.00/496.00

Stop Loss: 516.10

Price facing resistance at recent breakdown area signaling
further downward momentum in the short term

511.25

Comment : Price facing resistance at recent

breakdown area and bearish crossover
in RSI
Action :

Sell below 511.00

Targets :

501.00/496.00

Bearish crossover on RSI indicates further weakness over the coming sessions

Stop-loss : 516.10

Source: Bloomberg, ICICIdirect.com Research

Market Activity
Global Currencies, Commoditiy & Bond Yields
Spot

Domestic Indices

Close

Prev.close

% Chg

Rupee (|)

68.225

68.050

-0.26

Dollar Index

98.610

98.510

0.10

Euro

1.094

1.094

-0.02

British Pound

1.436

1.436

-0.03

Japanese Yen

118.610

118.820

0.19

Australian ($)

0.710

0.708

0.20

Swiss Franc

1.014

1.014

0.00

Closing Yield (%) Previous Yield (%)

India 10 year

7.80

7.80

US 10 Year
EURO 10 Year
Y

1.99

1.98

0 40
0.40

GBP 10 Year
JPY 10 Year

0 44
0.44

1.67

1.71

0.22

0.22

Close Prev. Close

%Chg

Gold/ounce

1116.16

1115.33

0.08

C
Copper
/t
/ton

4539 75
4539.75

4596 25
4596.25

-1.23
1 23

34.35

33.89

1.36

Brent Crude/barrel

Institutional Activity
Cash Segment (| Cr)

FII

DII

28-Jan-16

-961 8
-961.8

394 2
394.2

27-Jan-16

-366.9

500.0

25-Jan-16
22-Jan-16
21-Jan-16

-91.2
-769.8
-1,747.2

307.9
915.6
1,267.7

Indices

Global Indices
Close

S&P BSE Sensex

Change Change%

24469.57

-22.82

-0.09

CNX Nifty

7424.65

-13.10

-0.18

Nifty future

7448.35

5.05

0.07

9855.03
10211 08
10211.08
10754.52

-12.47
-36.80
36 80
-4.43

-0.13
-0.36
0 36
-0.04

S&PBSE 500
S&PBSE Midcap
S&PBSE Smallcap

Indices
Close
Dow Jones
16069.64
Nasdaq
4506.68
FTSE
5931.78
DAX
9639.59
Hang Seng
19345.93
Nikk i
Nikkei
17000 17
17000.17
SGX Nifty
7418.00
* Asian Market as at 7:30am

Change Change%
125.18
0.79
38.51
0.86
-58.59
-0.98
-241.23
-2.44
126.95
0.66
-42.95
42 95
-0.25
0 25
-30.50
-0.41

Nifty Heat Map

Vedanta
Ltd
ITC
HCL
Tech
TCS

67.3
5 5%
5.5%
318.6
1.8%
844.5
1.0%
2,331.2
0.5%

Indusind
Bank

907.2

HDFC
Bank

1,031.7

-0.1%
-0.4%

Yes
Bank

-1.0%

Kotak
Bank

-1.7%

671.6
663.3

HDFC
Ltd

1,147.8

Grasim
Ind

3,345.2

Source: Bloomberg, ICICIdirect.com Research

-1.9%
-2.3%

Cairn
India
RIL
Coal
India
SBI
BPCL
Cipla
Wipro
Bajaj
Auto
Hindalco
Axis
Bank

123.8
4 3%
4.3%
1,016.9
1.8%
306.6
0.8%
185.3
0.5%
868.9
-0.2%
577.8
-0.5%
547.3
-1.0%
2,263.4
-1.7%
69.7
-1.9%
405.7
-2.3%

Power
Grid

143.7

Sun
Pharma

834.2

GAIL
NTPC
Maruti
Tech M.
IDFC
Hero
Moto
BHEL
PNB

3 9%
3.9%
1.6%
361.0
0.8%
144.3
0.3%
4,103.3
-0.2%
500.1
-0.6%
40.8
-1.0%
2,439.6
-1.7%
136.9
-1.9%
91.4
-2.5%

HUL
Dr
Reddy
ONGC
Bank of
Baroda
Ultratech
Infosys
ACC

791.8
3 1%
3.1%
3,011.2
1.3%
219.9
0.7%
130.2
0.1%
2,744.7
-0.2%
1,129.6
-0.8%
1,215.0
-1.3%

ICICI
Bank

-1.7%

Tata
power

-2.1%

L&T

233.2
60.0
1,074.5
-3.0%

M&M
Lupin

1,204.2
2 3%
2.3%
1,706.4
1.0%

Ambuja
Cement

193.2

Asian
Paints

859.0

United
Spirits

2,578.9

0.7%
0.0%
-0.3%

Tata
Motors

-0.8%

Tata
Steel

-1.3%

NMDC
Bharti
Airtel
IDEA

334.2
254.2
78.7
-1.8%
291.4
-2.1%
104.6
-4.5%

Trend Scanner

Deal Team At Your Service

Positive Trends

Candlestick Pattern

Scrip Name

Close

10-day SMA

Delivery (%)

Bullish Candlestick Formations

154.35

5.4

147.31

83.43

Scrip Name

Pattern name

1011.15

1.9

1002.55

65.76

Godrej Industries

Engulfing

111.5

1.0

110.6

62.51

Ramco Cement

318.55

1.8

312.56

72.75

Lupin

54 07
54.07

Gujarat Pipavav Port Ltd

Emami Ltd

% Change

Indian Hotels Co Ltd

ITC Ltd
Zee Entertainment Enterprises Ltd

404 6
404.6

20
2.0

396 46
396.46

Bearish Candlestick Formations

Scrip Name

Pattern name

343.8

LTP

Biocon

Engulfing

492.2

LTP

Engulfing

393.1

Jyothy Laboratories

Engulfing

282.8

Piercing

1706.4

PNB

Engulfing

Hindustan Unilever

Engulfing

792 0
792.0

Century Textile

Continuation

ZEE Entertainment

Continuation

404.6

91.4
509 0
509.0

Negative Trends
Scrip Name

Close

Cadila Healthcare Ltd

299.05

Housing Development Finance Corp

% Change

10-day SMA

Delivery (%)

-1.9

303.94

52.94

1147.75

-1.9
1.9

1151.24

56.35

835.8

-2.0

852.18

67.87

Thermax Ltd

Market Breadth
BSE

NSE

45%
7%

48%

46%

4%

50%

Source: Bloomberg, ICICIdirect.com Research

Overbought Stocks
Scrip Name

Oversold Stocks
LTP

Scrip Name

LTP

SKS Micro

535.1

Colgate Palmolive

850.2

Apollo Tyre

147.0

UBL

777.2

JSW Steel

1092.2

STAR

1147.5

Stocks hitting 52 week high

Stocks hitting 52 week low

Scrip Name

LTP

Scrip Name

LTP

Berger Pint

271.0

Adani Ports

210.0

Bharti Airtel

288.9

Colgate

849.0

Exide Industries

118.1

Previous
DaysPerformance
Deal Team
At Your Service
S i
Scrip

Nifty
Sun pharma
Hindalco

P d t
Product

Future
Future
Future

St t
Strategy

buy
Buy
Sell

T
Targets
t

In range of 7414-7424
above 821
below 71.20

7455/7475
835/843
69.80/69

SL

7399.00
812.80
72.00

G i /L
Gain/Loss
%*

36points
1.51
1.89

C
Comment
t

Target 1 achieved
Target 1 almost achieved
Target 1 almost achieved

* Return Opportunity

Stock gain: Avg 1.7% per trade

(Cum. Profits over last 199 days: 237.83%)

Strike Rate for the day: 2/2

(Cum strike rate over 199 days: 255/427

Nifty Points gained for the day: 36 Points

Gains over last 199 days: 1023.0 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
AMTEK AUTO
ANDHRA BANK
APOLLO HOSP.ENT.

CLOSE

S1

S2

S3

R1

R2

24469 57
24469.57

24384 35
24384.35

24337 45
24337.45

24290 55
24290.55

24477 65
24477.65

24524 35
24524.35

24571

R3

TREND
- ve

7424.65

7399.9

7385.35

7370.8

7429.5

7444.3

7459.15

- ve

1214.95

1203.65

1198.15

1192.65

1217.1

1223.85

1230.55

- ve

72.05

71.1

70.5

69.9

72.3

72.9

73.5

- ve

210.85

205.35

203.95

202.55

211.75

214.95

218.15

- ve

876.4

870.65

859.05

847.45

893.85

902.4

910.95

+ve

1240

1237.2

1229

1220.75

1253.6

1262.1

1270.6

+ve

53 5
53.5

52 6
52.6

51 85
51.85

51 05
51.05

53 65
53.65

54 15
54.15

54 65
54.65

- ve

816.55

802.4

796.1

789.8

818.1

825.95

833.8

- ve

193.2

192.15

191.15

189.5

194.15

195.15

196.75

Neutral

37.8

37.45

37.1

36.75

37.85

38.05

38.3

- ve

52.25

51.65

51.2

50.7

52.4

52.75

53.1

- ve
+ve

1409.35

1407.1

1396.05

1385

1429.2

1443.75

1458.3

APOLLO TYRES

146.95

146.9

145.45

143.95

149.8

150.9

151.95

+ve

ARVIND

317 85
317.85

314 25
314.25

311 7
311.7

309 3
309.3

319 35
319.35

321 9
321.9

324 3
324.3

Neutral

ASHOK LEYLAND

88.15

88.3

87.85

87.4

89.2

89.95

90.7

ASIAN PAINTS

858.95

852.4

845.75

839.1

858.85

862.05

865.25

+ve
- ve

AUROBINDO PHARMA

808.65

808.1

803.7

799.25

816.9

823.9

830.9

+ve

AXIS BANK

405.65

399.75

396

392.3

407

410.6

414.25

- ve

BAJAJ AUTO

2263.4

2242.55

2230.55

2218.55

2270

2283.7

2297.45

- ve

5776.05

5677.4

5634.65

5591.95

5802.35

5864.85

5927.35

- ve

98 95
98.95

98

96 8
96.8

95 55
95.55

99 15
99.15

99 7
99.7

100 3
100.3

- ve

BATA INDIA

478.75

475.95

472.75

468

482.35

485.5

490.3

Neutral

BHARAT ELECTRON.

1227.8

1224.35

1213.6

1202.85

1245.85

1269.2

1292.5

+ve

821

811.8

803.55

795.3

820.8

825.3

829.85

- ve

BPCL

868.9

860.75

855.85

850.95

869

873.15

877.25

- ve

BHARTI AIRTEL

291.4

287.9

285.45

283.05

291.65

293.5

295.4

- ve

BAJAJ FINANCE
BOI

BHARAT FORGE

BHEL
BRITANNIA IND.
IND
CAIRNS INDIA
CANARA BANK
CASTROL INDIA

136.9

135.15

133.4

131.7

137.35

138.45

139.6

- ve

2670 25
2670.25

2670 4
2670.4

2656 8
2656.8

2643 2
2643.2

2697 6
2697.6

2711 15
2711.15

2724 65
2724.65

+ve

123.8

123.25

121.9

120.55

125.95

126.85

127.75

+ve

191.85

189.65

187.95

184.95

193.1

194.85

197.85

Neutral

417

411.6

408.85

406.1

418.3

421.65

425

917.7

914.1

908.45

903.95

925.35

930.95

935.45

CENTURY TEXT.

508.95

503.95

501.35

498.7

510.25

513.4

516.5

- ve

CESC

448.45

447.55

444

440.45

454.7

459.85

465.05

+ve

CEAT

Source: NSE India, ICICIdirect.com Research

- ve
Neutral

Supports and Resistance Table ( Cash Levels)

SCRIP

CLOSE

S1

S2

S3

R1

R2

R3

CIPLA

577.8

573.35

569.55

565.7

578.6

581.25

583.85

- ve

COAL INDIA

306.6

306.9

303.7

300.55

313.2

315.05

316.9

+ve

CROMPTON GREAVES

167.9

165.25

164.2

163.15

168.6

170.3

171.95

- ve

DEWAN HOUSING F.

182.5

180.1

178.5

176.9

182.95

184.4

185.85

- ve

87.3

86.25

85.35

84.5

87.45

88.05

88.65

- ve

1129.15

1106.65

1090.7

1074.75

1129.75

1141.3

1152.8

- ve

DISH TV
DIVI'S LAB.

TREND

DLF

94.45

93.45

92.5

91.55

94.55

95.1

95.65

- ve

DR.REDDY'S LAB.

3011.2

3006.6

2990.4

2974.2

3039

3059.5

3080

+ve

EXIDE IND.

118.3

116.75

115.5

114.25

118.7

119.65

120.6

- ve

FEDERAL BANK

46.5

45.95

45.55

45.1

46.6

46.9

47.25

- ve

361

360.05

356.1

352.15

368

371.05

374.1

+ve

3345.15

3294.85

3277.75

3260.6

3358.25

3389.95

3421.6

- ve

295.45

291.25

288.1

284.9

296.75

299.5

302.2

- ve

GAIL
GRASIM
HAVELL'S INDIA
HCL TECH

844.5

842.9

837.9

832.85

852.95

855.65

858.3

+ve

HDFC BANK

1031.7

1025.5

1021.55

1017.65

1033.95

1038.15

1042.4

- ve

HDFC

1147.75

1137.3

1128.1

1118.9

1148.1

1153.5

1158.95

- ve

HERO MOTO

2439.6

2411.15

2392.85

2374.6

2449.6

2468.8

2488.05

- ve

223.1

222.85

220.2

217.6

228.1

230

231.95

+ve

69.7

68.85

68.3

67.8

69.9

70.45

71

- ve

791.75

788.4

780.8

773.15

803.65

808.05

812.4

+ve
+ve

HEXAWARE TECH.
HINDALCO
HIND. UNILEVER
HPCL

817

815 05
815.05

806 6
806.6

798 15
798.15

831 9
831.9

837 95
837.95

844

IBULL HSG FIN

697.3

686.65

682.55

678.45

701.5

708.9

716.35

- ve

IDBI

59.85

59.75

59.05

58.3

61.15

61.85

62.55

+ve

IDEA CELLULAR

104.6

102.45

101.35

100.3

105.4

106.9

108.4

- ve

INFRA DEV FINANC

40.75

40.1

39.85

39.6

40.8

41.15

41.55

- ve

IND.FIN.CORP.OF

22.25

22.15

22

21.85

22.4

22.5

22.65

Neutral

INDUSIND BANK

907.15

907.7

903.3

898.85

916.55

926.05

935.55

+ve

INDIA CEMENTS

89 9
89.9

89 4
89.4

87 95
87.95

86 5
86.5

92 25
92.25

92 9
92.9

93 55
93.55

+ve

563.7

553.25

549

544.75

564.9

570.75

576.6

- ve

398.55

399.25

395.9

392.55

405.95

408.5

411

+ve
+ve

INDRAPRASTHA GAS
IOC
IB REAL ESTATE

54.2

54.25

53.8

53.4

55.1

55.5

55.9

1129.6

1123

1119.35

1115.7

1131.2

1135.3

1139.4

- ve

IRB INFRA.

234.95

233.25

231.65

230.05

235.3

236.35

237.4

- ve

ITC

318.55

317.95

315.4

312.85

323.05

324.85

326.7

+ve

INFOSYS

Source: NSE India, ICICIdirect.com Research

Supports and Resistance Table ( Cash Levels)

SCRIP
JINDAL ST&POW
JSW ENERGY
JSW STEEL
JUBILANT FOOD

CLOSE

S1

S2

S3

R1

R2

R3

TREND

64.05

63.2

62.7

62.2

64.3

64.85

65.45

- ve

74.5

74.65

73.85

73

76.25

76.9

77.55

+ve

1092.2

1082.8

1074.8

1066.8

1094.8

1100.8

1106.85

- ve

1228.45

1216.1

1205.6

1195.15

1231.25

1238.8

1246.4

- ve

KAVERI SEEDS.COM

324.45

322.9

320.6

316.75

327.45

329.7

333.6

Neutral

KOTAK MAH.BANK

663.25

655.65

651.65

647.65

665.55

670.5

675.4

- ve

L&T

1074.5

1061.85

1054.65

1047.5

1078.6

1086.95

1095.35

- ve

LIC HOUSING

474.55

470.65

467.65

464.6

474.95

477.1

479.2

- ve

LUPIN

1706.35

1704.25

1694.25

1684.25

1724.25

1740.5

1756.75

+ve

M& M

1204.15

1201.25

1192.3

1183.3

1219.15

1231.25

1243.35

+ve

MARUTI SUZUKI

4103.3

4042.9

4018.5

3994.05

4097.35

4124.55

4151.8

- ve

MINDTREE

1477.4

1458.8

1447.1

1435.4

1483.05

1495.15

1507.25

- ve

M&M FIN.SERV.

196.3

192.35

190.35

188.35

196.35

198.35

200.35

- ve

MOTHERSON SUMI

257.3

253.8

251.8

249.8

257.95

260.05

262.1

- ve

NMDC

78.65

77.8

77.35

76.85

78.85

79.35

79.85

- ve

NTPC

144.25

143.7

143.1

141.45

144.8

145.35

147.05

Neutral

OIL INDIA

348.25

347.55

345.5

343.45

351.65

353.5

355.3

+ve

ONGC

219.9

219.25

217.9

216.5

222.05

223.25

224.4

+ve

OBC

112.2

110.4

108.15

105.9

112.25

113.15

114.1

- ve

11992.35

11833.9

11701.65

11569.4

12050.9

12159.4

12267.9

- ve

PAGE INDUSTRIES
PETRONET
O
LNG
G
PIDILITE INDUSTRIES
POWER FINANCE
PTC INDIA
PNB
RCOM
REL. CAPITAL

243.35
3 35

240.5
0 5

238.6
38 6

236.75
36 5

244

245.75
5 5

247.5
5

- ve
e

556.8

548.65

543.3

537.95

559.55

565

570.45

- ve

167.05

167.35

166

164.65

170

171.9

173.8

+ve

62.25

60.95

60.45

59.9

62.3

63

63.7

- ve

91.4

90.35

89.35

88.35

91.8

92.5

93.2

62.15

61.9

61.5

60.75

62.7

63.1

63.85

- ve
Neutral

375.7

369.75

366.15

362.55

375.05

377.7

380.35

- ve

456.95

456.6

452.5

448.4

464.75

469.35

473.95

+ve
ve

RELIANCE

1016.9

1014.4

1008.25

1002.05

1026.75

1030.05

1033.3

+ve

RELIANCE POWER

50.35

50.35

50

49.65

51.05

51.4

51.8

+ve

REC

187.7

188.2

186.65

185.15

191.25

192.95

194.65

+ve

SAIL

42.75

42.25

42

41.8

42.9

43.2

43.55

- ve

750.75

749.35

744.65

739.95

758.75

763.4

768.05

+ve

984.1

967.35

959.5

951.65

988.9

999.65

1010.45

- ve

RELIANCE INFRA.

SHRIRAM TRANS.
SIEMENS

Source: NSE India, ICICIdirect.com Research

10

Supports and Resistance Table ( Cash Levels)

SCRIP

CLOSE

SKS MICRO FIN.

SOUTH INDIAN BANK
S.R.F.

S1

S2

S3

R1

R2

R3

TREND

535.05

530

518.95

507.85

552.1

557.1

562.1

18.4

18.2

18.1

18

18.45

18.55

18.65

- ve

1136.4

1129.3

1114.9

1100.5

1158.1

1167.6

1177.1

+ve
Neutral

+ve

SBI

185.25

184.05

183.2

181.9

185.75

186.6

187.9

SUN PHARMA

834.15

831.75

826.8

821.85

841.65

845.65

849.65

+ve

354

354.5

351.75

349

359.95

364.45

368.95

+ve

70 4
70.4

68 1
68.1

67 25
67.25

66 4
66.4

70 85
70.85

72 25
72.25

73 6
73.6

- ve

401

393.7

386.55

384.35

408

415.15

417.4

Neutral

TATA CHEM.

345.4

338.65

336.6

334.55

345.6

349.1

352.6

- ve

TATA MOTOR DVR

267.5

268.4

265.35

262.3

274.5

276.7

278.85

+ve

TATA MOTORS

334.2

332.8

330.55

328.45

337.35

339.65

341.75

Neutral

60

59.25

58.9

58.55

60.25

60.75

61.2

- ve

123.15

122.05

121.35

120.7

123.45

124.15

124.85

- ve

TCS

2331.2

2330.3

2320.1

2309.85

2350.7

2362.75

2374.75

+ve

TECH MAHINDRA

500.05

494.2

490.55

486.9

500.9

504.25

507.55

- ve

254.2

251.6

249.95

248.35

254.6

256.1

257.65

- ve

339

334.3

330.9

327.5

340.3

343.3

346.3

- ve

291.8

292.2

290.75

289.25

295.15

296.65

298.15

+ve

SUN TV
SYNDICATE BANK
TATA COMM.

TATA POWER
TATA GLOBAL BEV.

TATA STEEL
TITAN IND.
TVS MOTOR
UCO BANK
ULTRATECH CEMENT

37.45

36.3

35.95

35.65

37.4

37.95

38.55

- ve

2744.7

2718.1

2706.9

2695.65

2744.85

2758.25

2771.6

- ve

UBI

125.65

122.45

119.35

116.25

126.05

127.85

129.65

- ve

UNITED PHOSPH.

410.65

406.15

402.2

398.3

412.1

415.1

418.1

- ve

VOLTAS

283.55

281.5

279.45

277.8

285.7

287.8

289.4

WIPRO

547.25

543.2

540.35

537.5

547.85

550.15

552.5

- ve

WOCKHARDT

1253.9

1251.45

1235.3

1219.15

1283.7

1292.45

1301.2

+ve

YES BANK

671 55
671.55

664

659 05
659.05

654 1
654.1

673 4
673.4

678 05
678.05

682 75
682.75

- ve

404.6

403.55

400

396.45

410.6

412.55

414.5

+ve

ZEE

Source: NSE India, ICICIdirect.com Research

11

Neutral

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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ICICI Securities or its associates might have received any compensation for products or services other than investment banking or merchant
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ICICI Securities encourages independence in research report preparation and strives to minimize conflict in preparation of research report. ICICI
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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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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 do not own 1% or more of the equity securities of the Company mentioned in
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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