Daily Calls

November 8, 2016
Sensex Daily Candlestick Chart

We said, "Oversold ... Global cues suggest a positive start.

Watch if it holds gains ..." Technically oversold, global cues
helped the index open gap up. However, failing to hold the
initial gains, it pruned down the net gain to 185 points or
0 6% While PSU banks recovered 3.8%,
0.6%.
3 8% pharma,
pharma metals
gained 2%. The A/D ratio also turned positive 3:1.
The action formed a Bear candle, comprising failure to hold
initial gains. However, a higher high-low compared to Friday
suggests a positive bias unless the index weakens and closes
below the candle's bottom. Strength and close above the
candle, on the other hand, would re-confirm the positive
bias. Traders may watch if any Bull candle can form today.

Source: ASA, ICICIdirect.com Research

Recommendations for the day

Scrip
NIFTY
Hindalco
Petronet LNG

II-Direct
Direct Code Action
NIFTY
Buy in the range of 8500-8510
HINDAL
Buy in the range of 167.50-168.30
PETLNG
Sell in the range of 361.00-362.00

* All recommendations are for current month futures

Target
8540.00
171.00
355.00

*Please refer to notes at end of report

Stoploss
8485.00
166.30
365.00

Buy Nifty November Future in the range of 8500-8510

Target: 8540

Deal Team At Your Service

Nifty Future Daily Candlestick Chart

Niftyy Technical Picture ((Spot)

p )
Nifty 50
Trend

Intraday
Range bound

Short Term
Range bound

Trend Reversal
Support

8480-8450

8400

Resistance

8535-8570

8700

20 Days EMA

8603

200 days EMA

8333

Nifty Future Recommendation

CMP :

8520 00
8520.00

Comment : Future premium decreased marginally

from 24 points to 23.NF recovers on
oversold oscillator, but hesitates near
Aug16 low.Reverse if fails to reach or
Action :

Buy in the range of 8500-8510

Targets :

8540

Stop-loss : 8485

Source: ASA, ICICIdirect.com Research

Stop loss: 8485

Stock
Recommendation
Gladiator
Stocks
Buy Hindalco Future in range of 167.50-168.30
CMP :

167.80

Target: 171.00

Stop loss: 166.30

Price close above previous intermediate high

signals further upsides in coming sessions

Comment : Price close above previous intermediate

highs & RSI in rising trajectory
Action :

Buy in the range of 167.50-168.30

Targets :

171.00

50 day EMA

Stop-loss : 166.30

14 period RSI in rising trajectory suggest positive bias

* All recommendations are of current month futures

*Please refer to notes at end of Report

Sell Petronet LNG Future in range of 361.00-362.00

CMP

357.15

Target : 355.00

Stop loss: 365.00

Previous trendline acting as resistance signals further

downsides in coming sessions

Comment : Previous trendline acting as resistance &

RSI in downward trajectory
Action :

Sell in the range of 361.00-362.00

Targets :

355.00

Stop-loss : 365.00

14 period RSI in downward trajectory suggest negative bias

* All recommendations are of current month futures

*Please
Please refer to notes at end of Report

Source: Bloomberg, ICICIdirect.com Research

Market Activity
Global Currencies, Commoditiy & Bond Yields
Spot

Domestic Indices

Close

Prev.close

% Chg

Rupee (|)

66.738

66.708

-0.05

Dollar Index

97.768

97.781

-0.02

Euro

1.104

1.104

-0.05

British Pound

1.240

1.240

0.00

104.390

104.460

0.07

Australian ($)

0.770

0.773

-0.41

Swiss Franc

0.975

0.974

-0.04

Japanese Yen

Closing Yield (%) Previous Yield (%)

Indices

Close

S&P BSE Sensex

Nifty 50
Nifty 50 future
S&PBSE 500
S&PBSE Midcap
S&PBSE Smallcap

India 10 year

6.90

6.83

Nifty Heat Map

US 10 Year
EURO 10 Year
Y

1.82

1.83

Lupin

0 15
0.15

GBP 10 Year
JPY 10 Year

0 13
0.13

444.9

1.20

1.13
-0.05

Close Prev. Close

%Chg

Gold/ounce

1283.34

1281.64

0.12

Copper /ton

5079 75
5079.75

4977 50
4977.50

2 05
2.05

Brent Crude/barrel

46.23

46.15

0.22

Silver/ounce

18.24

18.19

0.29

Tech M.
BPCL
IDFC
Coal
India
Infosys

Institutional Activity
Cash Segment (| Cr)
7-Nov-16
4-Nov-16
3-Nov-16
2-Nov-16
1-Nov-16

FIIs (Cash)
311.2
-343.3
-706.8
-667.4
-124.0

1,518.6
6 9%
6.9%

-0.05

DIIs
779.9
1089.9
535.0
407.3
192.1

M&M
Maruti

3.4%
660.1
2.6%
63.6
1.5%
319.3
1.1%
978.0
0.7%
1,378.0
0.4%
5 716 0
5,716.0
0.2%

Bharti
Airtel

305.6

Tata
Motors

506.4

Source: Bloomberg, ICICIdirect.com Research

Global Indices

-0.4%
-1.2%

Change Change%

27458.99

184.84

0.68

8497.05

63.30

0.75

8520.00

61.80

0.73

11595.48
12914 88
12914.88
13030.48

90.62
75 36
75.36
153.00

0.79
0 59
0.59
1.19

PNB

140.5
6 7%
6.7%

ICICI
Bank

278.7

Tata
Steel

412.6

IDEA
NTPC
GAIL
Ambuja
Cement
Cipla
RIL
HUL

3.3%
2.4%
73.2
1.5%
155.1
1.0%
426.4
0.6%
241.7
0.4%
545 8
545.8
0.2%
1,001.2
-0.4%
837.7
-1.2%

Hindalco
BHEL

Indices
Close
Dow Jones
18259.60
Nasdaq
5166.17
FTSE
6806.90
DAX
10456.95
Hang Seng
22904.43
Nikk i
Nikkei
17188 21
17188.21
SGX Nifty
8540.00
* Asian Market as at 7:30am

167.6
5 5%
5.5%
139.1
3.2%

Hero
Moto

3,358.6

Vedanta
Ltd

215.8

Tata
power

75.4

Sun
Pharma
Bajaj
Auto
ACC

2.2%
1.4%
1.0%
654.9
0.5%
2,824.1
0.3%
1 487 7
1,487.7
-0.2%

Asian
Paints

1,037.4

United
Spirits

2,016.2

-0.5%
-1.5%

SBI
ITC
Cairn
India
Ultratech
Yes
Bank
NMDC

252.7
4 1%
4.1%
256.5
3.0%
242.4
2.1%
3,908.5
1.4%
1,207.4
0.9%
127.4
0.5%

Kotak
Bank

801.9

Indusind
Bank

1 215 7
1,215.7

Wipro
L&T

0.3%
-0.3%
450.0
-0.6%
1,398.0
-1.5%

Change Change%
371.32
2.08
119.80
2.37
113.64
1.70
197.82
1.93
108.05
0.47
7 76
7.76
0 05
0.05
30.50
0.36

Bank of
Baroda

148.1

HCL
Tech

817.2

Grasim
Ind

918.6

Axis
Bank

485.4

Dr
Reddy

3,106.7

HDFC
Bank

1,249.5

Power
Grid

174.0

HDFC
Ltd

1 381 4
1,381.4

ONGC
TCS

3 9%
3.9%
2.8%
2.0%
1.4%
0.9%
0.5%
0.3%
-0.3%
267.2
-0.9%
2,277.1
-2.3%

Trend Scanner

Deal Team At Your Service

Positive Trends

Candlestick Pattern

Scrip Name

Close

Essel Propack Ltd

249.9

% Change

10-day SMA

4.2988

245.29

Delivery (%)

Bullish Candlestick Formations

60.03

Scrip Name

Pattern name

Bearish Candlestick Formations

LTP

Scrip Name

Pattern name

LTP

351.35

2.4942

348.925

59.35

BPCL

Morning Star

659.3

Chambal Fertilizers

Engulfing

62.5

Swaraj Engines Ltd

1390

4.0419

1357.045

72.88

Inox

Morning Star

249.5

TCS

Engulfing

2265.1

Tech Mahindra Ltd

444.85

3.4415

431.28

75.54

Ramco Cement

Morning Star

615.0

Union Bank of India Continuation

Hindalco

Continuation

167.1

Tata Elxsi

Continuation

1229.0

ITC

Continuation

256.5

Just Dial

Continuation

391.5

HSIL Ltd

131.9

Negative Trends
Scrip Name

Close

Gujarat Pipavav Port Ltd

160.25

LIC Housing Finance Ltd

% Change

10-day SMA

Delivery (%)

-4.3569

166.785

68.71

542.55

1.8682

572.84

50.1

Larsen & Toubro Ltd

1398

-1.5354

1457.145

54.83

Petronet LNG Ltd

355.9

-1.2486

374.35

68.2

Overbought Stocks
S i Name
Scrip
N
MRF

Oversold Stocks

LTP Stochastic
St h ti
50852

87.06

S i Name
Scrip
N

LTP Stochastic
St h ti

Marico

258.85

Voltas

359.35

7.86

1001.15

7.15

390

12.63

Reliance Industries
TVS Motors

6.77

Market Breadth
BSE

Stocks hitting 52 week high

NSE

Scrip Name

29%

5%

66%

28%

4%

68%

CUB
Hindalco
Swaraj engine

Source: Bloomberg, ICICIdirect.com Research

LTP

Stocks hitting 52 week low

Scrip Name

LTP

150.1

Mcdowell

2029.0

167.0

Mindtree

429.8

1398.9

Previous
DaysPerformance
Deal Team
At Your Service
S i
Scrip

NIFTY
IGL
Biocon

P d t
Product

Future
Future
Future

St t
Strategy

Buy
Buy
Sell

R
Recommended
d dP
Price
i

Buy in the range of 8460.0-8470

Buy in the range of 867-869
Sell in the range of 889-891

T
Targets
t

8500.00
883.00
874

SL

8445.00
859.50
898.7

G i /L
Gain/Loss
%*

-1.00
-1.00

C
Comment
t

No trade
Stoploss triggered
Stoploss triggered

* Return Opportunity
Nifty Points gained for the day: 0 Points

Stocks return: Avg -1.00 per trade

Strike Rate for the day: 0/2

Gains over last 142 trading days: 536 points

(Cum. Profits over last 142 trading days: 93.05%)

(Cum strike rate over 142 trading days: 144/282

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

Supports and Resistance Table ( Cash Levels)

SCRIP

S1

S2

S3

R1

R2

27470.95

27422.85

27374.75

27567.2

27674.65

27782.1

+ve

19395.2

19383.7

19346.2

19308.7

19458.75

19558.15

19657.55

+ve

NIFTY FUTURE

8520

8523.9

8509.8

8495.65

8552.15

8589.6

8627.05

+ve

BANK NIFTY

19356

19339.15

19302.9

19266.65

19411.65

19521.1

19630.5

+ve

NIFTY

8497.05

8500.9

8487.3

8473.7

8528.1

8566

8603.85

+ve

ACC

1487.65

1483.35

1474.95

1461.85

1500.25

1508.7

1521.75

Neutral

BANK NIFTY FUTURE

R3

TREND

CLOSE
27458.99

SENSEX

63.1

63.15

62.95

62.75

63.55

64.45

65.4

+ve

293.5

293.85

291.95

290.1

297.6

300.25

302.95

+ve

ADANI POWER

25.8

25.85

25.65

25.5

26.25

26.65

27.1

+ve

ADITYA BIRLA

1304.75

1305.35

1298.1

1290.85

1319.85

1335.45

1351.05

+ve

1916.4

1908.35

1876.75

1845.1

1971.6

1995.35

2019.05

+ve

ALLAHABAD BANK

70.6

69.35

68.4

67.5

70.95

71.75

72.55

- ve

AMARA RAJA BATT.

1013.65

1009.8

1004.4

992.15

1020.6

1026

1038.25

Neutral

AMBUJA CEMENT

241.7

242.55

241

239.4

245.7

247.75

249.8

+ve

ANDHRA BANK

53.5

53.4

53.1

52.85

53.95

54.45

55

+ve

1280.55

1262.6

1252.6

1242.6

1284.3

1295.15

1306

- ve

APOLLO TYRES

193.55

192.9

191.55

188.85

195.6

196.95

199.7

Neutral

ARVIND

404.95

405.5

403.6

401.65

409.35

414.55

419.75

+ve

89.45

88.35

87.5

86.7

89.9

90.65

91.45

- ve

1037.35

1031.55

1023.65

1018.7

1047.4

1055.35

1060.25

Neutral

AUROBINDO PHARMA

767.3

766.05

759.6

753.15

778.95

800.05

821.15

+ve

AXIS BANK

485.4

485.5

483.65

481.8

489.2

492.95

496.65

+ve

BAJAJ AUTO

2824.1

2821.2

2804

2786.75

2855.65

2866.8

2877.9

+ve

BAJAJ FINANCE

990.4

985.05

974.25

957.75

1006.65

1017.45

1034

Neutral

BOB

148.05

147.65

146.45

145.25

150

152.45

154.9

+ve

BOI

108.7

108.5

107.8

107.15

109.85

110.95

112.1

+ve

BATA INDIA

460.65

460.8

458.75

456.65

464.95

470.45

475.95

+ve

BEML

887.45

888.7

881.65

874.6

902.8

909.5

916.25

+ve

1302

1305.1

1298.85

1292.6

1317.6

1325.7

1333.8

+ve
+ve

ADANI ENTER.
ADANI PORT

AJANTA PHARMA

APOLLO HOSP.ENT.

ASHOK LEYLAND
ASIAN PAINTS

BHARAT ELECTRON.
BHARAT FORGE

858.65

857.7

848.65

839.65

875.75

883.1

890.45

BPCL

660.1

658.9

653.95

648.95

668.85

674

679.1

+ve

BHARTI AIRTEL

305.6

304.3

302.25

300.6

308.4

310.45

312.05

Neutral

BHEL

139.05

138.8

137.75

136.7

140.95

142.6

144.3

+ve

BHARTI INFRATEL

355.4

349.05

343.25

337.45

357.45

361.65

365.85

- ve

Source: NSE India, ICICIdirect.com Research

Supports and Resistance Table ( Cash Levels)

CLOSE

S1

BIOCON

SCRIP

898.1

897.15

891.45

885.7

908.6

923.2

937.75

BOSCH

21422.6

21074.75

20867.65

20660.6

21535.25

21765.5

21995.75

- ve

BRITANNIA IND.

3302.55

3291.45

3275.7

3236.2

3322.95

3338.7

3378.2

Neutral

383.75

375

369.15

363.25

386.35

392

397.65

- ve

242.4

242.5

241.3

240.1

244.85

248.65

252.45

+ve

CANARA BANK

299.05

298.85

296.75

294.7

303

306.9

310.85

+ve

CASTROL INDIA

434 35
434.35

434 8
434.8

432 7
432.7

430 6
430.6

438 95
438.95

443 4
443.4

447 85
447.85

+ve

CEAT

1220.3

1220.8

1215.25

1209.65

1231.95

1250.7

1269.4

+ve

CENTURY TEXT.

978.25

981.8

972.1

962.4

1001.15

1011.7

1022.2

+ve

CESC

596.35

595.4

592.2

588.95

601.8

606.45

611.05

+ve

CIPLA

545.75

544.2

541.25

534.4

550.05

553

559.9

Neutral

319.3

319.4

317.95

316.45

322.3

326.2

330.05

+ve

977

968.3

949.1

929.95

979.05

984.45

989.8

- ve

1370.65

1342.35

1335.1

1327.85

1379.55

1398.15

1416.75

- ve

85.9

84.55

82.2

79.85

89.3

90.15

91

+ve

CUMMINS INDIA

838.7

837.65

833.95

830.2

845.05

850.65

856.2

+ve

DABUR INDIA

297.2

294.5

292.4

290.35

298

299.7

301.45

- ve

DEWAN HOUSING F.

312.2

311.3

308.1

304.95

317.7

324.4

331.15

+ve

DISH TV

87.8

88.3

87.4

86.45

90.15

91.7

93.2

+ve

DIVI'S LAB.

1266.8

1267.15

1261.4

1255.65

1278.6

1292.1

1305.6

+ve

DLF

144.05

143.7

142.5

141.35

146

147.85

149.7

+ve

DR.REDDY'S LAB.

3106.65

3110.45

3091.95

3073.5

3147.4

3196.6

3245.85

+ve

EICHER MOTORS

24021.55

23946.9

23789.4

23540.55

24261.85

24419.3

24668.15

Neutral

CADILA HEALTHCARE
CAIRNS INDIA

COAL INDIA
COLGATE PALM.
CONTAINER CORP
CROMPTON GREAVES

S2

S3

R1

R2

R3

TREND
+ve

251.1

251.45

249.5

247.55

255.3

260.05

264.8

+ve

EXIDE IND.

193.35

193.35

192.3

191.25

195.4

198.2

201.05

+ve

FEDERAL BANK

77 25
77.25

77 4
77.4

77 05
77.05

76 75
76.75

78 05
78.05

78 95
78.95

79 9
79.9

+ve
ve

426.35

426.2

424.15

422.05

430.3

433.1

435.9

+ve

ENGINEERS INDIA

GAIL
GLENMARK PHARMA.

897.1

897.2

891

884.75

909.7

928.95

948.25

+ve

GODREJ CONSUMER

1520.75

1510.5

1499.5

1484.8

1532.5

1543.45

1558.2

Neutral

414.75

411.95

409.15

405.15

417.6

420.45

424.4

Neutral

GRANULES INDIA

114.7

114.85

114.3

113.75

115.95

117.95

119.95

+ve

GRASIM

918.6

918.6

913.35

908.15

929.05

941.2

953.35

+ve

GODREJ IND.

Source: NSE India, ICICIdirect.com Research

Supports and Resistance Table ( Cash Levels)

SCRIP

CLOSE

S1

S2

S3

R1

HAVELL'S INDIA

392.3

392.75

389.85

386.95

398.5

403.2

407.85

+ve

HCL TECH

817.2

815.2

807.05

798.9

831.5

840.55

849.6

+ve

1249.45

1248.75

1245.05

1241.35

1256.2

1259.5

1262.8

+ve

HDFC

1381.4

1369.2

1361.55

1353.95

1383.5

1390.65

1397.8

- ve

HERO MOTO

3358.6

3347

3317.6

3288.2

3405.75

3437.75

3469.75

+ve

HEXAWARE TECH.

202.5

202.2

200.7

199.25

205.15

206.6

208.1

+ve

HINDALCO

167.6

166.75

164.9

163.1

170.45

173.6

176.8

+ve

HIND. UNILEVER

837.65

830.9

824.15

817.4

839.5

843.8

848.1

- ve

HPCL

444.95

446.15

443.4

440.65

451.6

458.75

465.9

+ve

HINDUSTAN ZINC

262.45

262.6

260.8

258.95

266.25

271.55

276.85

+ve

HDIL

74.75

74.9

74.6

74.25

75.5

76.75

77.95

+ve

IBULL HSG FIN

792.3

794.8

788.95

783.15

806.4

813.65

820.9

+ve

IDBI

70.25

70.2

69.75

69.3

71.05

71.65

72.25

+ve

IDEA CELLULAR

73.2

73.25

72.85

72.45

74.05

74.85

75.65

+ve

IDFC

63.6

63.7

63.3

62.9

64.45

65.5

66.5

+ve

IFCI

24.55

24.55

24.45

24.35

24.75

25

25.3

+ve

INDUSIND BANK

1215.7

1207.25

1200.45

1193.65

1216.9

1221.7

1226.5

- ve

INDIA CEMENTS

151.5

151.65

150.9

150.15

153.15

156.4

159.7

+ve

INDO COUNT IND.

784.9

782.95

777.75

772.55

793.4

803.95

814.55

+ve

INDRAPRASTHA GAS

854.1

851.35

846.15

840.5

861.75

866.95

872.55

Neutral

IOC

315.75

315.3

313.05

310.8

319.85

325.05

330.3

+ve

IB REAL ESTATE

80.35

80.3

79.65

79.05

81.55

82.65

83.8

+ve

977.95

978.8

976.05

973.3

984.3

989.85

995.4

+ve

IRB INFRA.

223.4

223.3

221.35

219.45

227.15

229.1

231.1

+ve

ITC

256.5

255.45

252.3

249.1

261.75

265.8

269.8

+ve

JAIN IRRIGATION

101.2

101.35

100.5

99.7

103

104.65

106.3

+ve

435.15

433.8

431.3

424.6

438.85

441.35

448.05

Neutral

HDFC BANK

INFOSYS

JET AIRWAYS

R2

R3

TREND

70 9
70.9

70 8
70.8

70 25
70.25

69 75
69.75

71 9
71.9

73 25
73.25

74 65
74.65

+ve

JSW ENERGY

62.85

62.7

62.5

61.95

63.15

63.35

63.9

Neutral

JSW STEEL

1600.5

1602.85

1596.6

1590.35

1615.35

1627.2

1639.1

+ve

JUBILANT FOOD

963.3

965.7

960.45

955.2

976.2

982.85

989.45

+ve

392.65

390.55

386.45

381.1

398.8

402.9

408.25

Neutral

JINDAL ST&POW

JUSTDIAL
KARNATAKA BANK

116.45

116.55

115.7

114.8

118.3

119.85

121.45

+ve

KAVERI SEEDS.COM

401.45

399.25

397

389.9

403.7

405.9

413

Neutral

Source: NSE India, ICICIdirect.com Research

Supports and Resistance Table ( Cash Levels)

SCRIP

CLOSE

S1

S2

S3

R1

R2

R3

TREND

KOTAK MAH.BANK

801.85

802.55

800.55

798.6

806.55

812.1

817.65

+ve

KPIT TECH.

133.45

133.75

133

132.3

135.2

137.2

139.25

+ve

1398

1383

1371.2

1359.35

1402.7

1412.5

1422.35

- ve

L&T
LIC HOUSING

542.55

543.4

540.4

537.4

549.35

557

564.7

+ve

L&T FINANCE

103.25

103.45

102.85

102.25

104.6

106.25

107.9

+ve

LUPIN

1518.6

1516.4

1504.85

1493.35

1539.45

1576.2

1612.95

+ve

M& M

1377.95

1379.3

1373.6

1367.9

1390.65

1402.1

1413.55

+ve

MARICO

258.85

257.75

255.8

253

261.7

263.7

266.45

Neutral

MARUTI SUZUKI

5715.95

5726.1

5706.9

5687.7

5764.55

5799.9

5835.25

+ve

161.15

161.3

160.7

160.1

162.5

164

165.45

+ve

429.25

426.5

421.5

416.5

436.5

439.5

442.5

+ve

346.1

347.75

343.95

340.2

355.3

359.9

364.45

+ve

315.65

314.75

310.8

306.85

322.65

327

331.35

+ve

MRF

50851.95

50792.95

50630.45

50467.95

51117.95

51497.55

51877.1

+ve

NCC

86.35

86.35

85.6

84.85

87.85

89.3

90.8

+ve

NHPC

26.2

25.95

25.85

25.7

26.25

26.4

26.5

- ve

NIIT TECHNOLOGIES

404.9

405.25

402.75

400.25

410.25

416.1

421.9

+ve

NMDC

127.4

126.85

125.85

123.65

128.8

129.75

132

Neutral

NTPC

155.1

155.1

154.2

153.35

156.9

157.55

158.25

+ve

407 55
407.55

407 35
407.35

405 35
405.35

403 35
403.35

411 35
411.35

414 6
414.6

417 85
417.85

+ve

ONGC

267.2

264.35

262.65

260.9

268.2

270.1

272

- ve

OBC

116.25

116.35

115.7

115.05

117.65

119.55

121.5

+ve

MCLEOD RUSSEL
MINDTREE
M&M FIN.SERV.
MOTHERSON SUMI

OIL INDIA

15912.25

15896.55

15819.15

15741.7

16051.45

16157.55

16263.65

+ve

PC JEWELLER

481.95

481.75

479

476.25

487.25

494

500.8

+ve

PETRONET LNG

355.9

350.8

347.35

343.85

357

360.1

363.15

- ve

693.85

695.1

691.45

687.85

702.4

708.85

715.3

+ve

115.2

115.45

114.85

114.25

116.7

118.25

119.75

+ve

174

174

173.75

173.5

174.55

175.7

176.85

+ve

PTC INDIA

74.25

74.4

74.1

73.8

74.95

75.7

76.4

+ve

PNB

140.45

139.9

138.65

137.4

142.35

144.65

146.9

+ve

45

44.95

44.75

44.5

45.35

46.1

46.85

+ve

507.3

507.4

504.8

502.2

512.55

518.6

524.6

+ve

PAGE INDUSTRIES

PIDILITE INDUSTRIES
POWER FINANCE
POWER GRID

RCOM
REL. CAPITAL

Source: NSE India, ICICIdirect.com Research

10

Supports and Resistance Table ( Cash Levels)

SCRIP

CLOSE

S1

S2

S3

R1

R2

R3

TREND

500.4

501.55

499.15

496.7

506.35

514.45

522.5

+ve

1001.15

994.6

987.9

981.15

1003.35

1007.75

1012.1

- ve

RELIANCE POWER

44.55

44.55

44.45

44.3

44.75

45.4

46

+ve

REC

125.9

126.1

125.3

124.5

127.7

129.5

131.25

+ve

SAIL

51

51

50.8

50.6

51.4

52.2

53

+ve

SHRIRAM TRANS.

1035.05

1036.75

1025.95

1015.15

1058.4

1068.4

1078.4

+ve

SIEMENS

1107.15

1103.15

1096.4

1089.8

1116.65

1123.4

1130.05

N t l
Neutral

83.15

83.4

82.85

82.3

84.5

86.05

87.55

+ve

23

23

22.9

22.85

23.15

23.35

23.6

+ve

1719

1720.05

1711.5

1702.95

1737.1

1762.4

1787.65

+ve

SBI

252.7

251.7

249.6

247.5

255.9

258.35

260.75

+ve

STRIDES SHASUN

1092.8

1092.85

1077.85

1062.85

1122.85

1142.6

1162.3

+ve

SUN PHARMA

654.9

652.25

646.25

631.75

664.25

670.25

684.8

Neutral

SUN TV

528.4

528.2

525.4

522.55

533.9

540.95

547.95

+ve

67.3

67.15

66.75

66.35

67.95

68.85

69.7

+ve

TATA COMM.

606.6

593.2

585.25

577.25

610.25

618.75

627.25

- ve

TATA CHEM.

510.65

508.9

505.65

502.65

515.4

518.65

521.6

Neutral

TATA ELXSI

1231.15

1226.05

1215.75

1207.8

1246.7

1257

1264.95

Neutral

TATA MOTOR DVR

327.85

322.4

318.95

315.45

329.9

333.65

337.35

- ve

TATA MOTORS

506 35
506.35

500 5
500.5

496 8
496.8

493 1
493.1

508 6
508.6

512 7
512.7

516 75
516.75

- ve

75.35

75.45

75.1

74.75

76.2

77.1

78.05

+ve

128

128.3

127.5

126.7

129.85

131.45

133.05

+ve

2277.05

2243.1

2232.55

2222

2285.5

2306.75

2327.95

- ve

444.85

443.25

438.5

433.8

452.7

457.85

463

+ve

412.6

412

409.75

407.5

416.55

419.65

422.8

+ve

RELIANCE INFRA.
RELIANCE

SINTEX IND.
SOUTH INDIAN BANK
S.R.F.

SYNDICATE BANK

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

370.5

372.25

368.4

364.5

380

384.5

389

+ve

TORRENT PHARMA

1333.3

1328.95

1316.25

1303.55

1354.3

1372

1389.7

+ve

TV18 BROADCAST

41.85

41.85

41.6

41.4

42.35

43.05

43.75

+ve

389.65

385.45

382.85

380.25

390.95

393.7

396.45

- ve

33

33.15

32.85

32.5

33.8

34.1

34.35

+ve

ULTRATECH CEMENT

3908.5

3908.2

3889.45

3870.75

3945.65

3977.15

4008.7

+ve

UNITED BREW.

892.05

891

878.55

866.1

915.85

921.15

926.4

+ve

TVS MOTOR
UCO BANK

Source: NSE India, ICICIdirect.com Research

11

Supports and Resistance Table ( Cash Levels)

SCRIP

CLOSE

S1

S2

S3

R1

R2

R3

UNITED PHOSPH.

668.35

660.75

656.45

652.15

670.6

675.5

680.45

TREND
- ve

UNITED SPIRITS

2016.15

2005.35

1987.1

1960.35

2041.85

2060.1

2086.9

Neutral

VEDANTA

215.75

216.1

214.6

213.1

219.1

223.1

227.1

+ve

VOLTAS

359.35

357.65

355.25

352.2

362.45

364.85

367.95

Neutral

WIPRO
WOCKHARDT
YES BANK
ZEE

450

447.15

444.75

442.4

450.65

452.4

454.15

- ve

811.45

812.65

808.45

804.25

821.05

834.25

847.4

+ve

1207 35
1207.35

1210 9
1210.9

1203 9
1203.9

1196 95
1196.95

1224 85
1224.85

1237 5
1237.5

1250 2
1250.2

+
+ve

507.4

508.1

504.9

501.65

514.55

517.1

519.6

+ve

Source: NSE India, ICICIdirect.com Research

12

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
13

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

Stocks on the Move

6%

3-5%

7-10 Per Months

7-10%

10-15%

3 Months

Weekly Calls

8%

3-5%

1-2 Stocks

5-7%

7-10%

1 Week

Weekly Technicals

8%

3-5%

1-2 Stocks

5-7%

7-10%

1 Week

Monthly Call

15%

5%

2-3 Stocks

7-10%

10-15%

1 Month

Monthly Technical

15%

2-4%

5-8 Stocks

7-10%

10-15%

1 Month

Techno Funda

15%

5-10%

1-2 Stocks

10% and above 15% and above

6 Months

Gladiator Stocks

15%

5 10%
5-10%

1 2 Stocks
1-2

15% and above 20% and above

6 Months

Cash

10%
100%

14

Candlesticks Glossary:

Deal Team At Your Service

Candlestick patterns describe the market sentiment for the specified period
period. Some of the formations suggest reversal of sentiment (trend) and,
and therefore,
therefore are
important for a chart reader. By themselves, the patterns do not carry any price target but only an indication of change in market behaviour. More importance
needs to be given to the placement of the pattern within larger trend
Morning Star: Potential bottom reversal pattern made of three candle lines. The first sizeable black candle reflects a market in which the bears are in complete
charge. The next candle line--the small real body--shows a slight diminution of the bearish force. The white candle that makes up the last part of the morning
star visually displays the bulls are gaining the upper hand. Lowest low amongst three candles becomes technical support
Bullish Engulfing Line: A potential bottom reversal pattern. This pattern typically appears at the culmination of a decline or downtrend. The market falls, and a
black candle forms (ideally a small black candle). Next, a white real body wraps around the prior sessions black body. Low of the pattern becomes short term
support for prices
Piercing Line: Potential bottom reversal pattern. A black body forms in the downtrend. The market continues moving south on the next sessions open but that
session culminates in a white real body that closes (e.g. pierces) than half way or more into the prior black body. Lowest low between two candles is referred to
as technical support
pp
for p
prices
Hammer: A candlestick line which, during a downtrend, has a very long lower shadow and small real body (black or white) at the top end of the sessions
range. There should be no, or a very small, upper shadow. Pattern suggests buying support during declines and needs confirmation in terms of sustainability of
prices above head of the Hammer in following session
Evening Star: Potential Top reversal pattern made of three candle lines. Comparable with a traffic signal. First white candle reflects a market in bullish trend.
The next candle line--the small real bodywarns waning momentum. The black candle that completes the evening star visually exhibits that prior up trend has
stopped or reversed
Bearish Engulfing Line: Potential top reversal signal. This two candlestick pattern emerges during a rally. A black candle real body wraps around a white real
body (classically a small white candle) Highest high between two candles becomes resistance level for prices for future reference
Dark Cloud cover: A dark cloud cover forms a top reversal pattern. The first session should be a strong, white real body. The second sessions price opens over
the prior sessions high (or above the prior sessions close). By the end of the second session, it closes near the low of the session and should fall well into the
prior sessions white body. Pattern suggests that market has a poor chance of rising immediately
Shooting Star: A single candlestick line during a rally in which there is a small real body (white or black) at the bottom end of the session's range and a very
long upper shadow. The candle line should also have little or no lower shadow. Pattern suggest the trouble for prices overhead
Continuation Patterns: Other than widely known Candlestick reversal patterns discussed above, there are numerous patterns mentioned in literature on
Candlestick which describe the continuation of existing sentiments i.e. bullish or bearish. We have refrained from mentioning names of these patterns to avoid
confusion.
f i
H
However, the
th remarkk C
Continuation
ti
ti 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

15

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.
Terms & conditions and other disclosures:
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maintaining a financial interest in the securities or derivatives of any companies that the analysts cover.
The information and opinions in this report have been prepared by ICICI Securities and are subject to change without any notice. The report and
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17

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
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 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
g have financial interests or beneficial ownership
p
in various companies including the subject company/companies mentioned in this report.

18