Daily Calls
July 8, 2015
Market Outlook
Sensex Daily Candlestick Chart
We said, "Bias is positive as long as the index forms a Bull
candle with a higher high-low. Otherwise it will not." The
index did hold a higher high low but failing to form as a Bull
candle, it settled flat, a marginal 37 points or 0.1% lower. Tea,
paint stocks shot up on a fall in crude but other sectors
ended flat. Broader market gains kept the A/D ratio positive.
The action formed a High Wave (HW), indicating the index
turning volatile at higher levels after registering a hefty gain
on the previous day For the bias to remain positive the
on the previous day. For the bias to remain positive, the
index needs to hold the HW's low on a closing basis.
Weakness and close of the HW can halt the rally, perhaps
only temporarily, and test the grey/green lines supporting the
rally.
Source: ASA, ICICIdirect.com Research
Recommendations for the day
Scrip
I Direct Code
Action
Target
Stoploss
Scrip
I-Direct Code
Action
Target
Stoploss
NIFTY
NIFTY
Sell in the range of 8510-8520
8480/8460.0
8535.00
Asian Paints
ASIPAI
Buy in the range of 811.00-813.00
825.00/832.00
805.00
Vedanta
SESGOA
Sell below 159.00
156.00/154.50
160.50
Deal Team – At Your Service
Sell Nifty July Future in the range of 8510-8520 Target: 8480/8460 Stop loss: 8535
Nifty Technical Picture (Spot)
y
( p )
Nifty Future – Daily Candlestick Chart
Nifty Intraday Short Term
Trend Down Up
Trend Reversal 8550 8200
Support 8450-8400 8200
Resistance 8510-8550 8850
20 Days EMA 8351
Nifty Future Recommendation
200 days EMA 8217
CMP : 8516 60
CMP : Comment :
Future premium decreased from 16 points to 6. High Wave suggests hesitation after hefty gains on Monday.Reverse if holds 8450 or 8425 8516.60 Action : Targets : 8480/8460 Stop-loss 8535.00
Sell in the range of 8510-8520
Gladiator Stocks
Stock Recommendation
Buy Asian Paints July Future in the range of 811.00-813.00 Target: 825.00/832.00 Stop
loss:
805.00
Falling channel breakout with a gap up price action supports the positive trend in price
CMP 825.25
Comment Falling channel breakout with a gap
MACD in rising trajectory signalling continuation of positive momentum
: Action :
Targets : 825.00/832.00
up price action and MACD in rising trend in daily chart
Buy in the range of 811.00-813.00
Stop-loss 805.00
Sell Vedanta July future below 159.00 Target: 156.00/154.50
y
g
/
Stop loss: 160.50
p
CMP 159.40 Comment :
Price remains in downtrend forming lower top and lower bottom and RSI i ll d Action : Targets : 156.00/154.50 Stop-loss 160.50 in sell mode Sell below 159.00
Price remains in downtrend forming lower top and lower bottom signals further downsides in coming sessions
Market Activity
Global Currencies, Commodities & Bond Yields
Domestic Indices Global Indices
Indices Close Change Change%
S&P BSE Sensex 28171.69 -37.07 -0.13
CNX Nifty 8510.80 -11.35 -0.13
Nifty future 8516.60 -21.15 -0.25
S&PBSE 500 11144.72 11.33 0.10
S&PBSE Midcap 11019.99 57.22 0.52
Indices Close Change Change%
Dow Jones 17776.91 93.33 0.53 Nasdaq 4997.46 5.52 0.11 FTSE 6432.21 -103.47 -1.58 DAX 10676.78 -213.85 -1.96 Hang Seng 23800.76 -1237.31 -4.95 Nikkei 20066.17 -309.33 -1.52
Spot Close Prev.close % Chg
Rupee (|) 63.460 63.400 -0.09
Dollar Index 96.824 96.865 -0.02
Euro 1.099 1.101 -0.25
British Pound 1.543 1.546 -0.21
Japanese Yen 122.140 122.540 0.29
Nifty Heat Map
p
S&PBSE Smallcap 11498.32 71.33 0.62
Nikkei 20066.17 309.33 1.52
SGX Nifty 8448.00 -83.50 -0.98
* Asian Market as at 7:30am
Australian ($) 0.741 0.745 -0.54
Swiss Franc 0.947 0.947 -0.01
Closing Yield (%) Previous Yield (%)
India 10 year 7.78 7.78 US 10 Year 2.22 2.26 EURO 10 Year 0.64 0.76 1,337.3 5.2% 2.2% Ultratech 1.9% 1.9% 1.5% 3,161.5 United Spirits 3,500.9 HDFC Ltd Asian Paints 824.6 Coal India 428.9 EURO 10 Year 0.64 0.76 GBP 10 Year 1.83 2.00 JPY 10 Year 0.43 0.46
Close Prev. Close %Chg
Gold/ounce 1154.32 1155.26 -0.13 Copper /ton 5329.00 5576.00 -0.62 Brent Crude/barrel 56 84 56 85 0 02 885.4 Tech M. 471.4 PNB 145.1 Wipro 553.8 1.5% 0.8% SBI 0.8% 0.7% 0.7% 272.9 Sun Pharma 153.7 0.6% 0.5% 0.4% 0.3% 0.3% Grasim Ind 3,573.4 Axis Bank 586.2 431.6 Bajaj Auto 2,603.7 HDFC Bank 1,086.9 Bank of Baroda Dr Reddy 3,740.0 IDFC 152.1 NMDC 115.7 0.3% 0.3% BPCL 0.2% 0.1% 0.1% 932.4 Tata Motors 298 2 Indusind 899 0 1 811 4 Tata 181 0 Ambuja 245 8
Institutional Activity
Brent Crude/barrel 56.84 56.85 -0.02Cash Segment (| Cr) FII DII
7 Jul 15 23 5 94 7 298.2 0.1% 0.0% 0.0% -0.3% -0.3% Indusind Bank 899.0 L&T 1,811.4 1,500.1 Infosys 980.5 Bharti Airtel 431.9
Tata Steel IDEA 181.0 Ambuja Cement 245.8 ITC 317.4 -0.3% -0.3% M&M -0.3% -0.3% -0.3% 1,317.8 ACC 1,908.4 -0.3% -0.4% Maruti -0.4% -0.5% -0.5% 3,972.2 GAIL 384.5 73.8 TCS 2,616.3 ICICI 312.6 Lupin HUL 924.4 BHEL 259.0 Power 138.6 Yes 862.0 Tata 7-Jul-15 23.5 -94.7 6-Jul-15 149.4 -409.7 3-Jul-15 356.3 -220.6 2-Jul-15 575.3 -219.0 1-Jul-15 75.0 52.1 73.8 TCS 2,616.3 Bank 312.6 Grid 138.6 -0.6% -0.8% Bank -0.9% -0.9% -1.0% 862.0 power 179.6 -1.1% -1.1% RIL -1.2% -1.3% -1.5% 1,003.3 Kotak Bank 712.8 158.6 Hindalco 107.2 MotoHero 2,563.8
Cairn India ONGC 305.0 Cipla 646.5 HCL Tech 936.3 -1.7% -1.9% NTPC -2.6% -3.0% -3.5% 134.5 Vedanta Ltd
Deal Team – At Your Service
Trend Scanner
Positive Trends
Candlestick Pattern
Scrip Name Close % Change 10-day SMA Delivery (%)
Bata India Ltd 1157.25 1.92 1072.90 51.56
Coal India Ltd 428.90 2.18 417.97 62.59
Pidilite Industries Ltd 565.95 4.71 551.93 58.91
Ultratech Cement Ltd 3161.50 1.91 2997.15 68.40
Bullish Candlestick Formations Bearish Candlestick Formations Scrip Name Pattern name LTP Scrip Name Pattern name LTP
FM Goetze Engulfing Bull 356.5 Tata Power Dark Cloud Cover 73.9 Pidilite Belt Hold line 566.0 Hero Motocorp Dark Cloud Cover 2567.0 Ultratech Cement Continuation 3156.2 Vedanta Continuation 158.6
Coal India Continuation 430 2 Hindalco Continuation 106 9
Negative Trends
Overbought Stocks Oversold Stocks
Scrip Name Close % Change 10-day SMA Delivery (%)
Hindalco Industries Ltd 107.15 -1.74 112.79 71.27
NTPC Ltd 134.45 -2.57 137.37 85.92
Coal India Continuation 430.2 Hindalco Continuation 106.9
Asian Paints Continuation 827.0 Bata India Continuation 1165.0
S i N LTP S i N LTP
Market Breadth
NTPC Ltd 134.45 2.57 137.37 85.92
Cairn India Ltd 179.60 -1.48 183.10 66.85 Scrip NameACC 1500.1LTP Scrip NameGAIL 384.5LTP
ZEE Entertainment 367.6 Hind Zinc 161.4
57%
39% 4%
BSE
59%
38% 3%
NSE
Stocks hitting 52 week high Stocks hitting 52 week low
Scrip Name LTP Scrip Name LTP
Coal India 430.2 Hindalco 106.9
Cummins India 969.1 Vedanta 158.6
HPCL 825.5
SRF 1326
Vadilal Industries 729.9
Deal Team – At Your Service
Previous Day’s Performance
S i P d t St t R d d P i T t SL G i /L %* C t
Scrip Product Strategy Recommended Price Targets SL Gain/Loss %* Comment
Nifty Future Buy In range of 8488-8493 8525/8545 8473.00 35 points Target 1 Achieved
Ultratech Future Buy In range of 3100-3105 3140/3165 3085.00 1.85 Target 2 achieved
HeroMotocorp Future Buy above 2625 2655/2675 2608.00 -0.64 Stoploss triggered
Hindalco Future Sell below 109 107/106 110.10 1.51 Target 1 almost achieved
Stock profits: Avg 0.91% per trade (Cum. Profits over last 65 days: 98.60%) Strike Rate for the day: 2/3 (Cum strike rate over 65 days: 96/158
NOTE: The follow-up and performance review table of the strategies indicates the profit opportunity that was available in the strategies. Individual profits d di th t d it i d t l
Nifty Points gained for the day: 35 points Gains over last 65 days: 111.5 points
may vary, depending upon the entry and exit price and stop losses
Supports and Resistance Table ( Cash Levels)
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND
SENSEX 28171 69 28184 4 28121 7 28058 95 28309 85 28424 95 28540 1 +ve SENSEX 28171.69 28184.4 28121.7 28058.95 28309.85 28424.95 28540.1 +ve NIFTY 8510.8 8514.75 8495.35 8476 8553.5 8590.25 8627 +ve ACC 1500.1 1495.85 1490.2 1478.55 1507.15 1512.8 1524.4 Neutral
ADANI ENTER. 92.05 91.95 91.1 90.25 93.7 94.15 94.65 +ve
ADANI PORT 333.05 331.4 328.15 324.85 337.95 339.55 341.15 +ve ADITYA BIRLA 1927.05 1895.65 1853.9 1812.15 1935.3 1955.1 1974.9 - ve AJANTA PHARMA 1612.3 1614.6 1606.75 1598.9 1630.3 1644.5 1658.7 +ve
ALLAHABAD BANK 89 65 89 7 89 15 88 65 90 8 91 85 92 9 +ve
ALLAHABAD BANK 89.65 89.7 89.15 88.65 90.8 91.85 92.9 +ve
AMARA RAJA BATT. 880.4 877.3 871.3 864.45 889.25 895.25 902.1 Neutral AMBUJA CEMENT 245.8 244.75 243.7 241.25 246.75 247.8 250.2 Neutral AMTEK AUTO 158.75 155.85 154.55 153.25 159.35 161.1 162.85 - ve
ANDHRA BANK 70 70.1 69.7 69.35 70.9 71.6 72.35 +ve
APOLLO HOSP.ENT. 1303.35 1298.25 1291.25 1281.6 1312.25 1319.2 1328.85 Neutral APOLLO TYRES 177.8 177.6 175.8 174 181.15 183.2 185.25 +ve
ARVIND 293 25 293 4 291 05 288 7 298 15 304 8 311 5 +ve
ARVIND 293.25 293.4 291.05 288.7 298.15 304.8 311.5 +ve
ASHOK LEYLAND 72.95 72.15 71.3 70.4 73.15 73.65 74.1 - ve
ASIAN PAINTS 824.6 819.4 809.95 800.45 838.3 846 853.65 +ve AUROBINDO PHARMA 1449 1449.05 1439.6 1430.15 1467.9 1483.35 1498.8 +ve AXIS BANK 586.2 586.15 583.8 581.45 590.85 593.95 597.05 +ve BAJAJ AUTO 2603.7 2602.1 2595.15 2588.15 2616.05 2624.45 2632.8 +ve BAJAJ FINANCE 5558 5538.75 5506.75 5465.5 5602.65 5634.6 5675.9 Neutral
BOI 184 8 183 6 182 55 179 95 185 7 186 75 189 3 Neutral
BOI 184.8 183.6 182.55 179.95 185.7 186.75 189.3 Neutral BATA INDIA 1157.25 1157 1149.7 1142.45 1171.55 1193.65 1215.8 +ve BHARAT ELECTRON. 3452.85 3452.75 3421.45 3390.2 3515.25 3573.8 3632.35 +ve BHARAT FORGE 1072.85 1058.95 1039.7 1020.4 1075.85 1084.3 1092.75 - ve BPCL 932.35 929.3 925.3 917.1 937.3 941.35 949.5 Neutral BHARTI AIRTEL 431.85 429.65 427.5 425.4 432.35 433.7 435.1 - ve BHEL 259 257.8 256.35 254.3 260.7 262.15 264.15 Neutral BRITANNIA IND 2787 5 2776 3 2761 15 2734 65 2806 6 2821 75 2848 25 Neutral BRITANNIA IND. 2787.5 2776.3 2761.15 2734.65 2806.6 2821.75 2848.25 Neutral CAIRNS INDIA 179.6 178.55 177.15 175.75 179.95 180.65 181.35 - ve CANARA BANK 291.55 289.75 287.7 283.95 293.95 296.05 299.75 Neutral CASTROL INDIA 457.2 455.9 450.9 445.9 465.9 470.65 475.45 +ve CEAT 700.65 703.65 696.8 689.95 717.35 722.05 726.7 +ve CENTURY TEXT. 720.7 713.4 706.15 698.9 721.6 725.7 729.85 - ve CESC 576.1 574.35 570.3 566.25 582.45 590.6 598.7 +ve
Supports and Resistance Table ( Cash Levels)
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND
CIPLA 646.5 640.85 632.7 624.55 648.1 651.75 655.4 - ve COAL INDIA 428.9 427.6 424.7 421.85 433.35 435.55 437.8 +ve CROMPTON GREAVES 176.4 176.05 174.95 173.8 178.25 181.2 184.1 +ve DEWAN HOUSING F. 429.45 428.45 424.25 420.05 436.85 440.35 443.85 +ve DISH TV 105.6 103.85 103 102.2 105.75 106.7 107.7 - ve DIVI'S LAB. 1909.4 1901.9 1894.7 1873.3 1916.3 1923.5 1944.9 Neutral DLF 119.2 119 118.15 117.3 120.75 121.8 122.85 +ve DR.REDDY'S LAB. 3739.95 3717.3 3700.95 3654.25 3750.1 3766.5 3813.15 Neutral EXIDE IND. 150.35 150.45 149.9 149.35 151.55 152.65 153.7 +ve FEDERAL BANK 153.8 151.75 150.45 149.15 154.2 155.45 156.65 - ve GAIL 384.45 382.4 380.75 379.1 385.25 386.7 388.1 - ve GRASIM 3573.35 3577.15 3565.75 3554.35 3599.95 3626.5 3653.05 +ve HAVELL'S INDIA 299.25 297.55 293.6 289.65 305.4 308.3 311.15 +ve HCL TECH 936.3 923.6 915.05 906.55 941 949.7 958.4 - ve HDFC BANK 1086.85 1086.25 1083 1079.75 1092.75 1098.9 1105.1 +ve HDFC 1337.3 1336.1 1329.25 1322.4 1349.8 1356.05 1362.25 +ve HERO MOTO 2563.75 2536.15 2518.85 2501.55 2575.65 2595.4 2615.15 - ve HEXAWARE TECH. 255.25 255.45 254.05 252.65 258.25 260.7 263.1 +ve HINDALCO 107.15 106.25 105.4 104.55 107.4 107.95 108.55 - ve HIND. UNILEVER 924.35 917.5 913.65 909.8 923.4 926.35 929.3 - ve HPCL 824 5 821 45 814 2 806 9 836 844 75 853 45 +ve HPCL 824.5 821.45 814.2 806.9 836 844.75 853.45 +ve IBULL HSG FIN 654.25 647.55 641.05 634.6 655.55 659.55 663.55 - ve IDBI 65.3 65.35 64.9 64.4 66.3 67.4 68.5 +ve
IDEA CELLULAR 181 179.75 178.7 177.85 181.85 182.9 183.8 Neutral IDFC 152.1 152.4 151.65 150.9 153.9 155.05 156.15 +ve
NSE IND.FIN.CORP.OF 26.95 26.95 26.8 26.65 27.3 27.7 28.05 +ve
INDUSIND BANK 898.95 900.45 896.2 891.95 908.95 915.05 921.1 +ve
INDIA CEMENTS 97 15 95 95 94 65 93 35 97 3 98 98 7 ve
INDIA CEMENTS 97.15 95.95 94.65 93.35 97.3 98 98.7 - ve
INDRAPRASTHA GAS 451.2 447.15 440.65 434.2 452.15 454.65 457.15 - ve IOC 427.1 424.45 421.55 418.9 430.2 433.05 435.75 Neutral
IB REAL ESTATE 57.55 57.45 56.85 56.3 58.6 59.45 60.3 +ve
INFOSYS 980.5 976.35 972.5 968.7 981.85 984.6 987.35 - ve IRB INFRA. 238.1 239.6 236.85 234.1 245.05 247.35 249.65 +ve ITC 317.35 316.65 315.85 314.2 318.25 319.05 320.75 Neutral
Supports and Resistance Table ( Cash Levels)
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND
JINDAL ST&POW 82.2 81 80.2 79.4 82.6 83.4 84.2 - ve
JSW ENERGY 98.95 98.75 98.15 97.5 99.95 101.6 103.25 +ve NSE JSW STEEL 876.5 877.45 872.8 868.1 886.75 896.9 907.05 +ve JUBILANT FOOD 1937 1930.55 1922.15 1909.7 1947.3 1955.65 1968.15 Neutral KAVERI SEEDS.COM 743.45 746.05 740.95 735.85 756.25 764.2 772.15 +ve KOTAK MAH.BANK 1425.6 1411.5 1402.7 1393.95 1430.45 1439.9 1449.35 - ve L & T 1811.35 1803.55 1796.35 1784.75 1817.95 1825.15 1836.8 Neutral L & T 1811.35 1803.55 1796.35 1784.75 1817.95 1825.15 1836.8 Neutral LIC HOUSING 447.65 447.75 445.9 444.05 451.45 454.4 457.35 +ve LUPIN 1908.4 1897.8 1887.95 1868.1 1917.55 1927.45 1947.25 Neutral M & M 1317.8 1313.6 1307.85 1300.25 1325.1 1330.85 1338.5 Neutral MARUTI SUZUKI 3972.15 3950.65 3943.15 3935.65 3974.7 3986.7 3998.75 - ve
MINDTREE 1270 1270 1265.5 1260.95 1279 1285 1291 +ve
M&M FIN.SERV. 293.05 291.7 289.05 286.4 297 300.1 303.15 +ve MOTHERSON SUMI 514 55 507 55 501 25 494 95 516 15 520 45 524 75 ve MOTHERSON SUMI 514.55 507.55 501.25 494.95 516.15 520.45 524.75 - ve NMDC 115.65 115.65 115.35 115.05 116.25 117.2 118.15 +ve NSE NTPC 134.45 132.85 132.35 131.8 135 136.1 137.15 - ve OIL INDIA 445.8 443.55 441.4 439.25 446.55 448.05 449.5 - ve ONGC 304.95 303.35 302.1 300.85 305.6 306.7 307.8 - ve OBC 182.2 182.55 180.95 179.35 185.75 187.65 189.6 +ve PAGE INDUSTRIES 15312.15 15319.95 15263.2 15206.45 15433.4 15545.9 15658.4 +ve
PETRONET LNG 191 7 191 5 190 188 55 194 45 195 8 197 15 +
PETRONET LNG 191.7 191.5 190 188.55 194.45 195.8 197.15 +ve PIDILITE INDUSTRIES 565.95 563.9 556.5 549.15 578.65 582.85 587.1 +ve POWER FINANCE 257.9 255.15 253.35 251.6 258.85 260.65 262.5 - ve
PTC INDIA 72.55 72.8 71.95 71.1 74.5 75.3 76.1 +ve
PNB 145.1 145.25 144.6 144 146.45 147.95 149.45 +ve
RCOM 64.2 64.35 63.85 63.35 65.35 66 66.7 +ve
REL. CAPITAL 368.5 367.9 364.55 361.15 374.65 377.2 379.7 +ve RELIANCE INFRA. 410.95 407.9 401.9 395.95 419.85 424.1 428.35 +ve RELIANCE 1003.25 996.65 990.7 984.8 1004.95 1009.1 1013.25 - ve
RELIANCE POWER 45.7 45.7 45.4 45.1 46.25 46.7 47.15 +ve
REC 284.95 282.15 279.7 277.2 285.95 287.85 289.75 - ve
SAIL 63.2 62.4 61.6 60.8 63.3 63.75 64.25 - ve
SHRIRAM TRANS. 940.7 935.95 925.2 914.5 957.4 965.45 973.55 +ve SIEMENS 1450.1 1451.95 1445.25 1438.6 1465.3 1478.05 1490.8 +ve
Supports and Resistance Table ( Cash Levels)
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND
SKS MICRO FIN. 510.95 507.45 503.95 494.9 514.45 517.95 527.05 Neutral SOUTH INDIAN BANK 24.7 24.35 23.75 23.2 24.75 24.95 25.2 - ve S.R.F. 1328.9 1331.3 1321.4 1311.45 1351.15 1376.7 1402.25 +ve SBI 272.9 272.7 271.55 270.4 275.05 277.4 279.8 +ve SUN PHARMA 885.35 884.7 880.5 876.3 893.1 897.8 902.5 +ve SUN TV 286.9 283.55 277.05 270.55 287.7 289.8 291.9 - ve SYNDICATE BANK 103 05 103 05 102 65 102 2 103 9 104 95 106
SYNDICATE BANK 103.05 103.05 102.65 102.2 103.9 104.95 106 +ve TATA COMM. 450.8 450.05 445.85 441.65 458.45 461.05 463.7 +ve TATA CHEM. 449.25 448.15 444.65 441.15 455.15 459.4 463.65 +ve TATA MOTOR DVR 252.45 250.1 247.95 245.8 253.4 255.05 256.7 - ve TATA MOTORS 431.55 431.65 429.7 427.8 435.5 438.7 441.9 +ve TATA POWER 73.75 73.05 72.5 72 73.95 74.45 74.9 - ve TATA GLOBAL BEV. 138.2 138.25 136.6 135 141.55 142.55 143.55 +ve TCS 2616.25 2597.2 2581.05 2564.85 2619.15 2630.1 2641.1 - ve TECH MAHINDRA 471.4 471.15 468.1 465.05 477.2 480.5 483.75 +ve TATA STEEL 298.2 298.65 296.9 295.2 302.15 304.45 306.75 +ve TITAN IND. 361.05 360.45 358.6 356.8 364.15 365.6 367.1 +ve TVS MOTOR 270.25 269.65 267.85 266.1 273.2 276.6 280.05 +ve UCO BANK 53.8 53.1 52.5 51.9 53.95 54.35 54.8 - ve ULTRATECH CEMENT 3161.5 3155.55 3135.25 3114.95 3196.15 3214.6 3233.05 +ve UBI 165.5 164.25 162.9 160.4 166.9 168.25 170.7 Neutral UNITED PHOSPH. 552.9 546.65 541.4 536.15 553.7 557.25 560.75 - ve VOLTAS 318.45 315.2 312.3 309.45 319.35 321.45 323.55 - ve WIPRO 553.8 555.05 552.65 550.25 559.85 562.5 565.2 +ve WOCKHARDT 1496.85 1492.1 1474.4 1456.7 1527.5 1547.35 1567.2 +ve YES BANK 862 852 85 848 8 844 7 863 7 869 1 874 5 - ve YES BANK 862 852.85 848.8 844.7 863.7 869.1 874.5 ve ZEE 367.6 363.55 361.55 359.55 368.4 370.8 373.25 - ve
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 into the recommendation in the first 5 minutes of trade
g
•
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
dayy
•
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.
T di tf li
ll
ti
Trading portfolio allocation
•
It is recommended to spread out the trading corpus in a proportionate manner between the
various technical research products
•
Please avoid allocating the entire trading corpus to a single stock or a single product
segment
•
Within each product segment it is advisable to allocate equal amount to each
recommendation
•
For example: The ‘Daily Calls’ product carries 3 to 4 intraday recommendations. It is
advisable to allocate equal amount to each recommendation
Recommended product wise trading portfolio allocation
Duration
Daily Calls 8% 2-3% 3-4 Stocks 0.5-1% 2-3% Intraday
Number of Calls
Return Objective
Frontline Stocks Mid Cap Stocks Product Product wise
allocation
Allocations
Max allocation in 1 Stock
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% 1 2 Stocks 10% and above 15% and above 3 6 Months
Technnical Breakout 15% 5-10% 1-2 Stocks 10% and above 15% and above 3-6 Months
Cash 10%
Deal Team – At Your Service
Candlesticks Glossary:
Candlestick patterns describe the market sentiment for the specified period Some of the formations suggest reversal of sentiment (trend) and therefore are Candlestick patterns describe the market sentiment for the specified period. Some of the formations suggest reversal of sentiment (trend) and, therefore, are important for a chart reader. By themselves, the patterns do not carry any price target but only an indication of change in market behaviour. More importance needs to be given to the placement of the pattern within larger trend
Morning Star: Potential bottom reversal pattern made of three candle lines. The first sizeable black candle reflects a market in which the bears are in complete charge. The next candle line--the small real body--shows a slight diminution of the bearish force. The white candle that makes up the last part of the morning star visually displays the bulls are gaining the upper hand. Lowest low amongst three candles becomes technical support
Bullish Engulfing Line: A potential bottom reversal pattern. This pattern typically appears at the culmination of a decline or downtrend. The market falls, and a black candle forms (ideally a small black candle). Next, a white real body wraps around the prior session’s 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 session’s open but that session culminates in a white real body that closes (e.g. pierces) than half way or more into the prior black body. Lowest low between two candles is referred to as technical support for pricespp p
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 session’s 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 body—warns 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 session’s price opens over the prior session’s high (or above the prior session’s close). By the end of the second session, it closes near the low of the session and should fall well into the prior session’s 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
f i H th k C ti ti P tt f t b lli h b i h dl ti k tt hi h t ti ti f i ti t d confusion. However, the remark Continuation Pattern refers to bullish or bearish candlestick patterns which suggest continuation of existing trend
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