Daily Calls

Aug 20, 2010

Sensex: We said, "Sizable Bull candle indicating breakout from our range ... The bias will be positive
above 18286 ..." The index traded above 18286 to reach a high of 18475 and closed 1% higher. The
Bankex was the top gainer, up 1.9%, while the Realty Index traded subdued. The A/D ratio remained
positive, at about to 2:1.

The action formed another sizable Bull candle, which broke the crucial level of 18357. However,
doubts remained due to much more time taken by the current rally to achieve the magnitude similar
to the previous rally (of February-April). Failure to sustain above 18475 could see a corrective phase
to the two-day rally. The bias will be positive above 18250-75.

Nifty Futures (NIFTY)

CMP : 5527.70

Comment : Future falls into discount of

13 points from premium of
4. Breaks the 5-week
range, touches upper end
of Blue rising channel.
Reverse if holds around
5486-5500. Sell on weak
rallies if opens gap-down.

Action : Sell below 5527

Targets : 5510 / 5486 / lower

Stop-loss : 5529
Daily Calls

BHARAT FORGE (BHAFOR)

CMP 356.35

Higher top in the daily chart

Comment: and price rise with volume

Action: Buy above 356.75

Targets: 363/365//Higher

Stop-loss: 353.50

DABUR INDIA (DABIND)

CMP : 206.50

Price above 20 & 50 days

Comment: SMA and higher top and
gg higher bottom in the daily
chart
Action : Buy above 206.90

Targets: 210/212/Higher

Stop-loss 205.40

BHARTI AIRTEL (BHATE)

CMP : 313.85

Taking resistance from 20

Comment: days SMA and RSI in sell
mode

Action : Sell below 313.50

Targets: 307.50/305/Lower

Stop-loss 316.50
Daily Calls

SIEMENS
s (SIEMEN)

CMP : 698.65

Lower top & lower bottom

Comment: in the daily chart and
taking resistance from 20
days SMA

Action : Sell below 698

Targets: 688/683/Lower

Stop-loss 703

Previous day's Performance Review

Counter Action Targets Comments Return opportunity
Nifty Sell below 5517 5485/5465/- Stoploss Triggered -2 points
GAIL Buy above 461 468/472/+ Closed at 460 -0.21%
Sun pharma Buy above 1768 1795/1810/+ Gain:1768 to 1795 1.50%
IDEA Sell below 68.80 67.60/67/- Lost: 68.80 to 67.80 1.70%
Siemens Sell below 700 690/685/- Closed at 698.65 0.20%

Nifty Points gained for the day: -2 Cum. gains over last 99 days: 1210 points

Stock profits: Average 0.90 per trade Cum. Profits over last 99 day: 260.35 %

Strike Rate for the day: 3/4 Cum. Strike Rate over 99 day: 212/300 (70.60%)
Daily Calls

STOCK CLOSE S1 S2 S3 R1 R2 R3 TREND

SENSEX 18454.94 18428.60 18378.90 18329.20 18527.95 18592.10 18656.25 +ve

NIFTY 5540.20 5530.60 5513.95 5497.30 5563.90 5582.35 5600.80 +ve

ACC 883.35 876.70 866.00 855.30 898.10 900.55 903.05 +ve

ANDHRA BANK 164.10 161.65 159.60 157.55 164.10 165.35 166.55 -ve

ARVIND 42.40 41.60 41.20 40.85 42.60 43.10 43.60 -ve

BAJAJ AUTO 2753.55 2752.55 2729.30 2706.05 2799.05 2813.60 2828.20 +ve

BALAJI TELE 55.70 55.20 54.90 54.55 55.85 56.15 56.45 -ve

BOB 831.50 823.70 818.90 814.10 833.65 838.65 843.65 -ve

BOI 467.00 461.85 457.90 454.25 469.75 473.75 477.35 Neutral

BEL 1741.90 1739.75 1733.00 1726.30 1753.20 1762.55 1771.95 +ve

BPCL 676.55 671.10 667.40 663.75 677.30 680.40 683.55 -ve

BHEL 2478.95 2480.30 2474.50 2468.65 2491.90 2498.00 2504.10 +ve

CANARA BANK 536.65 534.90 530.90 526.90 542.90 545.90 548.85 +ve

CENTURY TEXT. 505.95 503.85 501.40 497.80 508.75 511.25 514.85 Neutral

CIPLA 304.50 304.80 303.85 302.90 306.70 308.55 310.40 +ve

DR.REDDY'S LAB. 1340.00 1342.70 1332.50 1322.30 1363.05 1369.25 1375.45 +ve

GAIL 461.05 459.55 458.05 455.05 462.55 464.05 467.00 Neutral

GEOMETRIC 72.20 72.35 71.75 71.15 73.60 74.25 74.95 +ve

GRASIM 2136.85 2125.95 2105.00 2084.05 2167.80 2185.20 2202.60 +ve

AMBUJA CEMENT 124.45 123.40 120.15 116.95 129.85 130.35 130.90 +ve

HCL TECH 406.10 402.40 397.65 392.85 406.90 409.15 411.35 -ve

HDFC BANK 2230.15 2224.20 2210.55 2196.95 2251.45 2270.90 2290.40 +ve

HDFC 645.05 641.90 635.15 628.40 655.40 662.70 669.95 +ve

HERO HONDA 1902.75 1896.95 1888.95 1881.00 1904.30 1907.95 1911.65 -ve

HEXAWARE TECHNOL 77.30 76.45 74.95 73.50 79.40 80.15 80.90 +ve

HINDALCO 179.80 179.20 177.55 175.95 182.40 184.60 186.85 +ve

HINDUSTAN UNILEVER 274.05 273.30 271.95 270.60 275.95 277.75 279.50 +ve

HPCL 501.60 496.05 492.55 489.00 501.80 504.70 507.55 -ve

HINDUJA TMT 446.45 439.55 433.85 428.10 448.00 452.20 456.40 -ve

ICICI BANK 1013.00 1006.65 995.70 984.75 1028.60 1036.10 1043.60 +ve

IDBI 131.10 129.20 128.15 127.05 131.00 131.90 132.80 -ve

I-FLEX SOLUTION 2097.95 2099.95 2088.00 2076.05 2123.85 2134.60 2145.35 +ve

IOC 389.15 388.10 386.90 385.15 390.45 391.65 393.40 Neutral

INFOTECH ENT. 153.20 152.90 152.30 151.90 154.00 154.55 155.00 Neutral

INFOSYS 2804.60 2805.25 2795.95 2786.70 2823.75 2841.00 2858.25 +ve

ITC 165.30 165.00 164.05 163.10 166.90 167.90 168.90 +ve

JINDAL SAW 208.45 208.65 207.25 205.85 211.45 212.75 214.10 +ve

KPIT CUMMINS 185.75 185.65 182.90 180.20 191.15 193.40 195.70 +ve

LARSEN & TOUBRO 1818.40 1815.95 1810.45 1804.95 1826.95 1838.40 1849.90 +ve
Daily Calls

LIC HOUSING 1246.85 1239.25 1231.75 1217.15 1254.25 1261.80 1276.35 Neutral

M&M 616.05 614.90 612.60 609.10 619.60 621.95 625.45 Neutral

MARUTI SUZUKI 1251.65 1245.20 1241.90 1238.60 1254.10 1258.55 1263.00 -ve

MASTEK 253.65 252.85 251.75 250.20 255.00 256.05 257.65 Neutral

MTNL 64.45 64.45 64.10 63.80 65.15 65.45 65.75 +ve

NALCO 398.85 392.35 388.25 384.20 401.20 405.60 410.05 -ve

NTPC 194.05 193.25 192.75 192.25 194.25 194.75 195.25 -ve

ONGC 1266.70 1253.90 1239.50 1225.15 1270.75 1279.20 1287.65 -ve

OBC 436.80 434.80 430.15 425.55 444.05 449.00 453.95 +ve

POLARIS 173.60 173.75 172.90 172.05 175.45 176.15 176.85 +ve

PNB 1192.65 1186.65 1181.80 1175.50 1196.40 1201.25 1207.55 Neutral

RANBAXY 476.35 477.25 475.25 473.25 481.25 486.65 492.05 +ve

RELIANCE INFRA. 1063.25 1060.25 1048.50 1036.75 1083.75 1094.45 1105.10 +ve

RELIANCE 977.20 976.25 970.95 965.65 986.85 991.50 996.15 +ve

ROLTA INDIA 172.40 170.45 169.05 167.60 172.65 173.75 174.85 -ve

SAIL 192.20 191.20 190.05 188.75 193.50 194.70 196.00 Neutral

SATYAM 85.10 84.55 83.95 83.05 85.75 86.40 87.25 Neutral

SCI 165.15 163.85 162.45 161.05 165.35 166.10 166.85 -ve

SBI 2805.70 2783.95 2766.80 2749.65 2805.05 2815.60 2826.10 -ve

SYNDICATE BANK 119.45 117.15 115.70 114.25 119.55 120.75 121.90 -ve

TATA CHEMICALS 401.25 395.70 390.20 385.95 406.75 412.30 416.50 Neutral

TATA MOTORS 1040.45 1031.60 1018.65 1005.65 1040.60 1045.15 1049.65 -ve

TATA POWER 1301.60 1286.85 1282.15 1277.45 1303.40 1311.65 1319.90 -ve

TATA TEA 113.05 112.50 111.05 109.60 115.45 116.20 117.00 +ve

TCS 872.05 872.75 869.35 865.95 879.55 886.00 892.45 +ve

TATA STEEL 522.30 522.85 520.10 517.30 528.35 530.70 533.05 +ve

UBI 365.90 363.30 358.40 353.50 373.10 376.55 380.00 +ve

TATA COMM. 334.45 329.80 327.35 324.90 334.55 336.90 339.30 -ve

WIPRO 419.55 417.70 415.55 412.65 421.90 424.00 426.95 Neutral

ZEE 304.80 304.45 302.90 301.35 307.60 309.35 311.10 +ve

Daily Calls

NOTES :

• The Sell below / above price is a key technical level which decides the trend for the day
• Once the call is initiated, an appropriate Stop Loss trigger should be put for the trade
• Once into position, put trailing stops to preserve your profits

• Be careful if the counter achieves the target immediately after opening

• The strategies are valid only for the date mentioned at the top

• Positions should be squared off by the end of the day

• Only stocks in derivatives segment have been considered for daily trading

• Chart shows 50 days on NSE cash market, with 5/8/13/21 day EMAs, volumes & 5-day Slow
Stochastics

• The vertical grids show weeks, horizontal grids are price-aligned

• The writer may have position in the stocks discussed

• The strategies are based on intra-day volatility, suggesting a two-way approach intra-day

• Medium to long-term prospects of a stock does not have any bearing on the daily view

MOST IMP: 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.

ICICIdirect.com Technical Desk

ICICI Securities Limited,

7th Floor, Akruti Centre Point,
MIDC Main Road, Marol Naka
Andheri (East), Mumbai – 400 093

research@icicidirect.com

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position in the above referred companies as on the date of release of this report." This report is based on information obtained from public sources and sources believed to be reliable,
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