Daily Calls
August 4, 2016
Market Outlook
Sensex Daily Candlestick Chart
We said, "Weakness below (Monday's low) could open up the
possibility of faster retracement of the six-day rally ..." The
index weakened below Monday and losing 284 points or 1%,
stopped at the starting point of the preceding rally. All
secto s ended flat to negati e b t Realt ITC capital goods
sectors ended flat to negative but Realty, ITC, capital goods,
power and auto led the weakness. The A/D ratio worsened to
1:4.
The action formed a sizable Bear candle on failure to hold
Monday's low. Its low of 27747 came close to 27646, the
Monday s low. Its low of 27747 came close to 27646, the
starting point of the last rally but did not break it. Hence,
avoiding faster retracement of the rally could stimulate bulls.
Watch if bears allow them to sustain above the initial
excitement on GST and form a Bull candle at the neckline.
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 8670-8680
8640.00/8620.00 8695.00
Cipla
CIPLA
Buy above 529.00
538.00/543.00
524.00
LIC Housing Finance
LICHF
Sell below 495.00
487.00/483.00
499.70
Deal Team – At Your Service
Sell Nifty August Future in the range of 8670-8680 Target: 8640/8620 Stop loss: 8695
Nifty Technical Picture (Spot)
y
( p )
Nifty Future – Daily Candlestick Chart
Nifty 50 Intraday Short Term
Trend Range bound Up
Trend Reversal 8450
Support 8540-8500 8450
Resistance 8580-8610 8850
20 Days EMA 8252
Nifty Future Recommendation
200 days EMA 7903
CMP 8582 55
CMP :
Comment :Future premium increased marginally from 37 points to 38.NF breaks Green line, now testing last support at 8566.Reverse if holds 8600-10 or 8565-75. 8582.55 Action : Targets : 8640/8620 Stop-loss : 8695
Sell in the range of 8670-8680
Gladiator Stocks
Stock Recommendation
Buy Cipla August Future above 529.00 Target: 538.00/543.00
Stop loss: 524.00
CMP : 528.70
Comment : Bullish Engulfing candlestick at 38.2%
t t f t
Bullish Engulfing candlestick at 38.2% retracement of recent upmove signaling further upsides in coming sessions
RSI generated bullish crossover indicating upward momentum
Action :
Targets : 538.00/543.00
S
retracement of recent upmove Buy above 529.00
Stop-loss : 524.00
Sell LIC Housing Finance August Future below 495.00 Target :487.00/483.00
Stop loss: 499.70
Price close below 34 day EMA & trendline supportbreached indicating further downsides in coming sessions
CMP 496.65
Comment : Price close below 34 day EMA & trendline support breached
RSI in sell mode indicates negative bias
Action :
Targets : 487.00/483.00
Stop-loss : 499.70
Market Activity
Global Currencies, Commoditiy & Bond Yields
Domestic Indices Global Indices
Indices Close Change Change%
S&P BSE Sensex 27697.51 -284.20 -1.02
Nifty 50 8544.85 -78.05 -0.91
Nifty 50 future 8582.55 -77.75 -0.90
S&PBSE 500 11431.44 -120.56 -1.04
S&PBSE Midcap 12440 63 189 34 1 50
Spot Close Prev.close % Chg
Rupee (|) 66.993 66.740 -0.38
Dollar Index 95.431 95.563 -0.11
Euro 1.115 1.115 0.03
British Pound 1.334 1.333 0.08
Japanese Yen 100.940 101.240 0.29
Indices Close Change Change%
Dow Jones 18355.00 41.23 0.23 Nasdaq 5159.74 22.01 0.43 FTSE 6634.40 -11.00 -0.17 DAX 10170.21 25.87 0.26 Hang Seng 21803.39 63.43 0.29 Nikk i 16021 78 78 60 0 49 S&PBSE Midcap 12440.63 -189.34 -1.50 S&PBSE Smallcap 12080.49 -139.30 -1.14 Australian ($) 0.762 0.759 0.41 Swiss Franc 0.972 0.973 0.08
Closing Yield (%) Previous Yield (%)
India 10 year 7.19 7.19
US 10 Year 1.55 1.54
EURO 10 Y 0 04 0 04
Nikkei 16021.78 -78.60 -0.49
SGX Nifty 8620.00 33.00 0.38
* Asian Market as at 7:30am
Nifty Heat Map
326.2 3 2% 2 2% 1 8% 1 3% 1 0% Asian Paints 1,143.4 Sun Pharma 839.6 Coal India HCL Tech 826.2 Cipla 529.5 EURO 10 Year -0.04 -0.04 GBP 10 Year 0.80 0.81 JPY 10 Year -0.08 -0.09
Close Prev. Close %Chg
Gold/ounce 1358.27 1358.18 0.02 C /t 4859 50 4880 75 0 44 3.2% 2.2% Paints 1.8% Pharma 1.3% 1.0% Cairn India 183.4 IDEA 104.6 India Tech Bharti Airtel 358.9 0.7% 0.6% 0.6% 0.6% 0.3% Vedanta Ltd 157.2 Yes Bank 1,235.6 1,240.5 0.1% 0.1% -0.1% -0.1% -0.2% Axis Bank 549.4 ACC 1,668.8 Ultratech 3,667.7 Wipro 548.0 HDFC Bank Hindalco 135.7 Infosys 1,084.9 Ambuja Cement 262.5 -0.2% -0.3% Tech M. -0.5% -0.5% -0.5% 496.9 Grasim Ind 4,968.4 Copper /ton 4859.50 4880.75 -0.44 Brent Crude/barrel 43.34 43.10 0.58 Institutional Activity
Cash Segment (| Cr) FIIs (Cash) DIIs
3-Aug-16 578.2 -800.8 100.0 -0.5% -0.6% -0.6% -0.8% -0.8% Tata power 71.3 M&M 1,446.5 PNB 121.6 MotoHero 3,231.0 NMDC Kotak Bank 756.2 SBI 226.7 ONGC 218.8 -0.9% -0.9% GAIL -1.0% -1.1% -1.1% 372.4 Tata Steel 358.1 1,325.5 -1.1% -1.2% -1.2% -1.2% -1.2% Bajaj Auto 2,714.9 Indusind Bank 1,178.4 Dr 2 939 2 1 679 9 HDFC Ltd BPCL 572.9 NTPC 157.5 Bank of 148 9 ICICI 242 1 913 8 2-Aug-16 536.3 -383.2 1-Aug-16 726.2 -413.8 29-Jul-16 -14.0 148.3 28-Jul-16 1767.1 -1074.5 Dr Reddy 2,939.2 Lupin 1,679.9 Bank of Baroda 148.9 -1.3% -1.3% -1.3% -1.5% -1.5% ICICI Bank 242.1 HUL 913.8 994.0 -1.6% -1.6% -1.7% -1.8% -1.9% Power Grid 175.9 IDFC 56.9
Maruti 4,873.9 MotorsTata 478.4
RIL TCS 2,656.3 L&T 1,478.6 BHEL 133.3 -2.3% -3.0% -3.1% -3.1% -3.9% United Spirits 2,316.2 ITC 252.7
Deal Team – At Your Service
Trend Scanner
Positive Trends
Candlestick Pattern
Scrip Name Close % Change 10-day SMA Delivery (%)
Cipla Ltd/India 529.45 2.2 522.70 52.10
Gruh Finance Ltd 293.6 1.2 291.65 53.94
JB Chemicals & Pharmaceuticals Ltd 280.05 5.8 269.94 58.58
EID Parry India Ltd 262.15 3.5 248.02 50.20
Hero Motocorp Ltd 3231 -0 9 3233 02 52 52
Bullish Candlestick Formations Bearish Candlestick Formations
Scrip Name Pattern name LTP Scrip Name Pattern name LTP
Bajaj Electricals Engulfing 272.0 Motherson Sumi Evening Star 329.4
Cipla Engulfing 529.5 Eros Media Engulfing 226.8
Asian Paints Continuation 1143.4 Mindtree Engulfing 600.1
Delta Corp Continuation 108.4 Jubliant Food Evening Star 1204.2
Negative Trends
Overbought Stocks Oversold Stocks
Hero Motocorp Ltd 3231 0.9 3233.02 52.52
Scrip Name Close % Change 10-day SMA Delivery (%)
Bata India Ltd 553.1 -4.2 576.32 64.87
Gateway Distriparks Ltd 267.1 -2.2 269.59 60.99 S i N LTP St h ti S i N LTP St h ti
Delta Corp Continuation 108.4 Jubliant Food Evening Star 1204.2
Fortis Continuation 189.9 Just Dial Continuation 477.1
EID Parry Continuation 262.2 BHEL Continuation 133.3
Gateway Distriparks Ltd 267.1 2.2 269.59 60.99
LIC Housing Finance Ltd 500.4 -2.5 513.33 50.1
United Spirits Ltd 2316.15 -3.1 2431.72 53.79
Scrip Name LTP Stochastic Scrip Name LTP Stochastic
Ajanta pharna 1825.1 93.9 GAIL 376.25 9.46
Hindustan unilever 927.4 81.06 Dr Reddy 2977 8.5
Motherson sumi 346.2 80.03 Idea 104.0 17.0
Havells 399.9 86.31 Union bank 125.5 16.93
Market Breadth
Stocks hitting 52 week high Stocks hitting 52 week low
Scrip Name LTP Scrip Name LTP
Ajanta pharma 1830.8 NA 0.0 Carborandum 265.5 EID Parry 263.0 32% 63% 5% BSE 25% 71% 4% NSE Hermotocorp 3259.4 Kansai Nerolac 367.0
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 Sell In the range of 8680-8690 8650/8630 8705.00 - No trade ITC Future Buy In range of 260.25-260.75 265/268.00 258.3 - No trade
Hermotocorp Future Buy above 3280 3330/3360 3254.1 -0.80 Stoploss Triggered KPIT Future Sell below 128 126/125 129.2 1.60 Target 1 achieved * Return Opportunity
* Return Opportunity
Stocks return: Avg 0.40 per trade (Cum. Profits over last 84 trading days: 67.90%) Nifty Points gained for the day: 0 Points Gains over last 83 trading days: 429 points
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
Strike Rate for the day: 1/2 (Cum strike rate over 84 trading days: 91/169
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 27697 51 27557 95 27500 15 27442 3 27742 1 27834 15 27926 25 ve SENSEX 27697.51 27557.95 27500.15 27442.3 27742.1 27834.15 27926.25 - ve BANK NIFTY FUTURE 18693.2 18586.95 18535.25 18483.55 18715.85 18780.3 18844.75 - ve NIFTY FUTURE 8582.55 8550.6 8523.35 8496.05 8591.25 8611.55 8631.85 - ve BANK NIFTY 18602 18504.6 18455.95 18407.25 18621 18679.2 18737.4 - ve NIFTY 8544.85 8504.5 8485.55 8466.6 8557.4 8583.85 8610.35 - ve ACC 1668.8 1658.25 1650.95 1643.65 1670.15 1676.1 1682.05 - ve ADANI ENTER. 75.15 73.95 73.5 73.05 75.6 76.45 77.3 - ve ADANI PORT 222.85 220.1 218.1 216.15 223.55 225.25 227 - ve ADANI POWER 26.4 26.05 25.9 25.7 26.5 26.7 26.9 - ve ADITYA BIRLA 1499.3 1494.65 1475.35 1456.05 1533.3 1546.7 1560.1 +ve AJANTA PHARMA 1823.45 1812.8 1802.3 1790.9 1833.8 1844.3 1855.7 Neutral ALLAHABAD BANK 75.45 74.15 73.3 72.45 75.75 76.55 77.35 - ve AMARA RAJA BATT. 913.85 906.3 900.25 894.15 916.3 921.3 926.25 - ve AMBUJA CEMENT 262.5 259.25 257.25 255.2 262.8 264.6 266.35 - ve ANDHRA BANK 59.7 58.9 58.6 58.35 59.85 60.3 60.75 - ve APOLLO HOSP.ENT. 1340.2 1328.5 1320.3 1312.05 1344.2 1352.1 1359.95 - ve APOLLO TYRES 156 153.25 152 150.75 156.95 158.75 160.6 - ve ARVIND 293.35 289.05 286.85 284.65 294.7 297.5 300.35 - ve ASHOK LEYLAND 85.5 84.4 83.25 82.15 85.9 86.65 87.45 - ve ASIAN PAINTS 1143.4 1140.8 1135.05 1129.25 1152.35 1158.5 1164.6 +ve AUROBINDO PHARMA 746.7 728.95 721.15 713.35 752.35 764.05 775.7 - ve AXIS BANK 549.35 542.5 540.35 538.25 548.55 551.55 554.6 - ve BAJAJ AUTO 2714.85 2693.75 2680.3 2666.85 2720.5 2733.85 2747.25 - ve BAJAJ FINANCE 10005.6 9647.05 9404.55 9162.05 10152.05 10404.55 10657.05 - ve BOB 148.85 146.25 144.75 143.2 149.7 151.45 153.15 - ve BOI 108.8 106.9 106.15 105.4 109.35 110.6 111.8 - ve BATA INDIA 553.1 544.1 534.9 525.75 556.05 562.05 568 - ve BEML 973.35 958.35 950.5 942.65 977.5 987.05 996.6 - ve BHARAT ELECTRON. 1236.55 1222.2 1215.7 1209.2 1236.8 1244.1 1251.4 - ve BHARAT FORGE 725.1 717.75 709.25 700.8 725.75 729.75 733.75 - ve BPCL 572.9 566.1 560.45 554.8 573.75 577.55 581.4 - ve BHARTI AIRTEL 358.85 358.15 356.4 354.6 361.75 364.05 366.3 +ve BHEL 133.3 130.9 129.4 127.9 134.1 135.7 137.25 - ve BHARTI INFRATEL 395.9 392.35 389.6 384.6 397.85 400.6 405.6 Neutral
Supports and Resistance Table ( Cash Levels)
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND
BIOCON 816.35 806.9 801.15 795.4 818.3 824 829.65 - ve
BOSCH 24753.95 24706.45 24562.7 24418.95 24994 25160.2 25326.4 +ve
BRITANNIA IND. 2830.45 2801 2790.95 2780.85 2840 2859.45 2878.95 - ve
CADILA HEALTHCARE 347.7 344.35 340.7 337.85 351.6 355.2 358.1 Neutral
CAIRNS INDIA 183.4 183.25 182 180.75 185.7 188.7 191.65 +ve
CANARA BANK 251.65 250.1 247.95 245.25 254.35 256.45 259.2 Neutral
CASTROL INDIA 428 45 423 6 419 45 415 3 429 65 432 7 435 75 ve CASTROL INDIA 428.45 423.6 419.45 415.3 429.65 432.7 435.75 - ve CEAT 848.85 839.05 834.05 829.1 850.95 856.9 862.85 - ve CENTURY TEXT. 674.25 666.9 658.6 650.35 675.85 680.35 684.8 - ve CESC 599.35 592.9 589.15 585.4 600.4 604.15 607.9 - ve CIPLA 529.45 528 523.1 518.2 537.8 541.25 544.7 +ve
COAL INDIA 326.15 325.9 324.25 322.65 329.15 330.9 332.65 +ve
COLGATE PALM. 936.15 921.2 911.75 902.35 940.85 950.65 960.5 - ve CONTAINER CORP 1485.15 1464.6 1455.85 1447.1 1491.25 1504.55 1517.9 - ve CROMPTON GREAVES 75 73.5 72.8 72.15 75.4 76.35 77.35 - ve CUMMINS INDIA 826.3 806.65 801.5 796.35 828 838.65 849.35 - ve DABUR INDIA 296.95 294.35 293.1 291.85 297.85 299.6 301.35 - ve DEWAN HOUSING F. 224.2 221.45 220.05 218.65 224.2 225.6 227 - ve DISH TV 101.4 99.7 98.45 97.2 101.8 102.85 103.85 - ve DIVI'S LAB. 1172.7 1164.8 1160.25 1155.65 1175.3 1180.55 1185.8 - ve DLF 154.65 152.45 151.1 149.75 155.25 156.65 158.1 - ve DR.REDDY'S LAB. 2939.15 2920.45 2911.85 2903.25 2943.95 2955.7 2967.45 - ve EICHER MOTORS 21368.4 21018.7 20831.2 20643.7 21479.1 21709.3 21939.5 - ve ENGINEERS INDIA 216.25 212.2 210.8 209.35 217.5 220.15 222.75 - ve EXIDE IND. 173.6 171.9 170.35 168.8 174 175.05 176.1 - ve FEDERAL BANK 61 9 61 1 60 5 59 85 62 15 62 7 63 2 - ve FEDERAL BANK 61.9 61.1 60.5 59.85 62.15 62.7 63.2 ve GAIL 372.4 369.2 367.25 365.3 373.05 375 376.9 - ve GLENMARK PHARMA. 822.35 809.4 802 794.6 824.8 832.45 840.15 - ve GODREJ CONSUMER 1566.95 1544.3 1535.85 1527.35 1572.8 1587.05 1601.3 - ve GODREJ IND. 409.25 400.55 396.65 392.8 412.5 418.45 424.45 - ve GRANULES INDIA 140 138.8 138.05 137.3 140.3 141.05 141.8 - ve GRASIM 4968.4 4927.9 4909.05 4890.15 4968.7 4989.05 5009.45 - ve
Supports and Resistance Table ( Cash Levels)
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND
HAVELL'S INDIA 389.95 383.5 380.05 376.6 391.05 394.8 398.55 - ve HCL TECH 826.15 829.9 819.35 808.85 851 861 871 +ve HDFC BANK 1240.45 1231 1226.95 1222.95 1240.45 1245.2 1249.95 - ve HDFC 1325.45 1313.85 1303.8 1293.7 1326.7 1333.15 1339.6 - ve HERO MOTO 3231 3197.85 3176.9 3155.95 3242.2 3264.4 3286.6 - ve HEXAWARE TECH. 217.85 215.4 213.8 212.25 218.5 220.05 221.65 - ve HINDALCO 135.7 133.8 132.85 131.95 135.6 136.5 137.45 - ve HIND. UNILEVER 913.8 906.65 902.3 898 915.25 919.55 923.9 - ve HPCL 1219.6 1205.95 1193.65 1181.4 1220.8 1228.25 1235.65 - ve HINDUSTAN ZINC 206.7 203.95 201.8 199.65 206.75 208.15 209.5 - ve HDIL 94.2 92.75 91.25 89.75 94.65 95.6 96.55 - ve IBULL HSG FIN 787.6 787.05 783.1 779.1 795.05 801.25 807.5 +ve IDBI 68.25 67.65 67.3 66.95 68.45 68.85 69.25 - ve IDEA CELLULAR 104.6 104.65 104.05 103.45 105.8 106.6 107.35 +ve IDFC 56.9 55.65 54.35 53 57.1 57.8 58.55 - ve IFCI 27.9 27.8 27.6 27.35 28.2 28.4 28.65 Neutral INDUSIND BANK 1178.4 1170.55 1164.9 1159.3 1180.15 1184.95 1189.75 - ve INDIA CEMENTS 116.2 114.8 113.5 112.15 116.5 117.4 118.25 - ve INDO COUNT IND. 877.5 875.05 870.35 866.85 884.5 889.2 892.7 Neutral INDRAPRASTHA GAS 653.2 652.5 649.25 645.95 659.1 663.2 667.3 +ve IOC 552.15 545.9 541.55 537.2 553.45 557.2 561 - ve IOC 552.15 545.9 541.55 537.2 553.45 557.2 561 IB REAL ESTATE 84.8 81.95 80.6 79.3 85.45 87.15 88.9 - ve INFOSYS 1084.9 1082.75 1078.7 1074.65 1090.85 1093.4 1095.95 +ve IRB INFRA. 206.6 204.2 202.8 201.4 207.6 209.25 210.95 - ve ITC 252.7 249.3 246.25 243.2 253.65 255.85 258.05 - ve JAIN IRRIGATION 73.05 73.3 72.6 71.9 74.65 75.5 76.3 +ve JET AIRWAYS 593.8 593 584.95 576.95 609.05 617.8 626.6 +ve JINDAL ST&POW 80 55 78 6 77 75 35 81 25 82 55 83 85 - ve JINDAL ST&POW 80.55 78.6 77 75.35 81.25 82.55 83.85 ve JSW ENERGY 79.5 78.15 77.45 76.75 79.75 80.55 81.4 - ve JSW STEEL 1686 1688.6 1679.25 1669.85 1707.3 1717.55 1727.8 +ve JUBILANT FOOD 1204.2 1170.8 1160.6 1150.4 1216.8 1239.8 1262.8 - ve JUSTDIAL 477.1 467.1 457.8 448.5 481.05 488 495 - ve KARNATAKA BANK 148.7 148.85 147.8 146.8 150.9 151.75 152.6 +ve KAVERI SEEDS.COM 372.55 369.85 367.15 363.2 375.25 378 381.95 Neutral
Supports and Resistance Table ( Cash Levels)
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND
KOTAK MAH.BANK 756.2 752.65 749.4 746.1 757.25 759.55 761.85 - ve KPIT TECH. 127.35 125.75 124.1 122.5 127.5 128.35 129.25 - ve L & T 1478.6 1460.35 1454.45 1448.55 1483.7 1495.35 1507 - ve LIC HOUSING 500.4 493.95 491.35 488.7 502.45 506.65 510.9 - ve L&T FINANCE 87.45 86 85.2 84.45 87.35 88.05 88.75 - ve LUPIN 1679.85 1662.85 1650.85 1638.85 1685.25 1696.45 1707.65 - ve & M & M 1446.5 1434.75 1425.55 1416.35 1449.4 1456.75 1464.05 - ve MARICO 297.8 291.75 286.65 281.55 298.55 301.95 305.35 - ve MARUTI SUZUKI 4873.85 4811.35 4768.15 4724.95 4894.75 4936.45 4978.2 - ve MCLEOD RUSSEL 184.8 181.05 178.5 175.95 185.9 188.3 190.75 - ve MINDTREE 600.1 589.9 585.8 581.7 601.55 607.35 613.15 - ve M&M FIN.SERV. 323.4 316.15 313.25 310.35 326.25 331.3 336.3 - ve MOTHERSON SUMI 329.4 321.55 317.05 312.6 332.25 337.65 343 - ve MRF 34605.85 34519.75 34226 33932.25 35107.25 35216.8 35326.4 +ve N C C 76.05 74.95 74.2 73.4 76.3 77 77.65 - ve NHPC 24.45 24.25 24.15 24 24.5 24.65 24.75 - ve NIIT TECHNOLOGIES 422.25 413.95 411.45 409 425.75 431.7 437.6 - ve NMDC 100 99.1 98.4 97.65 100.2 100.75 101.25 - ve NTPC 157.5 156.35 155.8 155.2 157.7 158.35 159 - ve OIL INDIA 366 65 363 9 361 55 359 15 367 7 369 6 371 5 ve OIL INDIA 366.65 363.9 361.55 359.15 367.7 369.6 371.5 - ve ONGC 218.75 216.85 215.8 214.7 219.3 220.55 221.75 - ve OBC 114.5 112.15 111.2 110.3 115.2 116.7 118.25 - ve PAGE INDUSTRIES 13962.35 13564.95 13421.45 13278 14079.9 14337.4 14594.9 - ve PC JEWELLER 403.8 394.25 389.65 385.1 407.2 413.65 420.15 - ve PETRONET LNG 305.7 302.65 300.2 297.7 306.15 307.9 309.6 - ve PIDILITE INDUSTRIES 718.5 706.4 702.75 699.1 722.3 730.25 738.25 - ve POWER FINANCE 215.8 213.45 210.75 208.1 216.4 217.9 219.4 - ve POWER GRID 175.9 173.35 172.35 171.3 176.05 177.4 178.75 - ve PTC INDIA 76.5 75.55 74.9 74.25 76.9 77.55 78.2 - ve PNB 121.6 120.1 119.05 118 121.95 122.85 123.75 - ve RCOM 49.35 48.5 48 47.55 49.6 50.2 50.75 - ve REL. CAPITAL 429 423.4 419.3 415.25 430.5 434.05 437.6 - ve
Supports and Resistance Table ( Cash Levels)
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND
RELIANCE INFRA. 572 565.55 559.1 552.7 574.25 578.6 582.95 - ve RELIANCE 993.95 985.5 982.1 978.65 996.95 1002.7 1008.4 - ve RELIANCE POWER 51.2 50.65 50.25 49.9 51.4 51.8 52.2 - ve REC 212.8 210.35 207.4 204.45 213.45 214.95 216.5 - ve SAIL 45.9 45.75 45.45 45 46.25 46.5 46.95 Neutral SHRIRAM TRANS. 1239.65 1218.75 1208.1 1197.4 1246.75 1260.75 1274.75 - ve SIEMENS 1245.4 1224.85 1206.6 1188.35 1250.9 1263.95 1276.95 - ve SINTEX IND. 73.15 72.35 71.9 71.45 73.4 73.95 74.45 - ve SOUTH INDIAN BANK 21.1 20.85 20.75 20.7 21.15 21.3 21.45 - ve S.R.F. 1475.85 1462.15 1449.65 1437.15 1479.75 1488.55 1497.35 - ve SBI 226.65 224.8 223.9 223 227.15 228.3 229.5 - ve STRIDES SHASUN 1128.4 1114.9 1109.95 1105 1130.1 1137.75 1145.35 - ve SUN PHARMA 839.6 837.85 831.35 824.8 850.85 856.05 861.2 +ve SUN TV 450.4 440.75 435.25 429.8 451.4 456.7 462 - ve SYNDICATE BANK 73.4 72.3 71.7 71.15 73.7 74.4 75.15 - ve TATA COMM. 451.85 445.7 436.2 426.65 453.7 457.7 461.65 - ve TATA CHEM. 454.05 449.3 444.8 440.3 454.2 456.7 459.15 - ve TATA ELXSI 1623.9 1619.7 1611 1602.8 1637.2 1645.9 1654.1 Neutral TATA MOTOR DVR 313.4 307.8 304.4 301 315.6 319.5 323.4 - ve TATA MOTORS 478 4 469 45 464 4 459 4 481 45 487 45 493 45
TATA MOTORS 478.4 469.45 464.4 459.4 481.45 487.45 493.45 - ve TATA POWER 71.25 70.55 70.2 69.9 71.4 71.8 72.25 - ve TATA GLOBAL BEV. 135.75 133.9 132.95 132.05 136.35 137.6 138.85 - ve TCS 2656.3 2637.25 2630.7 2624.2 2662.2 2674.7 2687.2 - ve TECH MAHINDRA 496.9 492 485.85 479.7 497.45 500.15 502.85 - ve TATA STEEL 358.05 353.15 350.5 347.85 358.9 361.8 364.7 - ve TITAN IND. 414.75 397.7 395.85 394.05 413.55 421.5 429.4 - ve TORRENT PHARMA 1463.55 1448.65 1439.5 1430.4 1466.45 1475.35 1484.25 - ve TV18 BROADCAST 38.85 38.5 38.25 38 38.9 39.1 39.35 - ve TVS MOTOR 298.35 295.6 293.55 291.55 298.25 299.55 300.9 - ve UCO BANK 43.15 43.15 42.7 42.3 43.95 44.45 44.9 +ve ULTRATECH CEMENT 3667.7 3645.45 3621.2 3596.95 3670.2 3682.55 3694.95 - ve UNITED BREW. 774.8 767.2 758.9 750.55 776.45 781.1 785.7 - ve
Supports and Resistance Table ( Cash Levels)
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND
UNITED PHOSPH. 583.2 574.45 565.75 557.05 583.9 588.65 593.4 - ve UNITED SPIRITS 2316.15 2279.9 2261.85 2243.8 2330.8 2356.25 2381.7 - ve VEDANTA 157.2 156.2 155.1 151.95 158.4 159.5 162.65 Neutral VOLTAS 345.2 337.75 332.2 326.65 347.2 351.95 356.65 - ve WIPRO 547.95 544.8 542.05 539.3 548.95 551.05 553.15 - ve WOCKHARDT 1001.05 1000.55 981.8 963.05 1038.05 1047.15 1056.3 +ve YES BANK 1235 55 1227 3 1220 5 1214 75 1240 95 1247 75 1253 55 N t l
YES BANK 1235.55 1227.3 1220.5 1214.75 1240.95 1247.75 1253.55 Neutral
ZEE 492.85 488.05 485.1 482.1 493.2 495.75 498.3 - 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
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% 1 2 Stocks 15% and above 20% and above 6 Months
Gladiator Stocks 15% 5-10% 1-2 Stocks 15% and above 20% and above 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
Pankaj Pandey
Head – Research
[email protected]
ICICIdirect.com Research Desk,
ICICI Securities Limited,
1st Floor, Akruti Trade Centre,
Road No 7, MIDC
Andheri (East)
Andheri (East)
Mumbai – 400 093
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