ICICI Securities Limited

Daily Calls
March 07, 2011

Sensex: We said, "Volatility may continue until the marked resistances are taken out." The Index
initially attempted to cross the resistances but sold off gradually before ending flat for the day. While
most sectoral indices also closed flat, the Capital Goods Index lost 2%. The A/D ratio remained
marginally negative.

The action formed a Bear candle, the high of which touched the 200 day EMA. It not only confirms
suspected volatility while testing the resistances but also stands for certain amount of technical selling
at the 200 day EMA. Downsides are testing the Gray support line. Watch if it holds. If it closes below
18400-48 it will break the line.

Nifty Futures (NIFTY)

CMP : 5535.95

Comment : Future falls into discount of

3 points from premium of
9.
Reacts from previous
resistances, now testing
the Green support line.
Reverse if holds 5475 or
5500.
Action : Sell below 5535

Targets : 5510 / 5475 / lower

Stop-loss : 5537
ICICI Securities Limited
Daily Calls

DABUR INDIA (DABIND)

CMP 102.50

Price sustaining above 200

Comment: day SMA and 14 period RSI in
buy mode

Action:
1 Buy above 102.80

Targets: 104.80/106/Higher

Stop-loss: 101.80

POWER TADING CORPORATION (POWTRA)

CMP : 91.40

Price above 20 days SMA

gg
Comment: and price rise with volume

Action : Buy above 91.60

Targets: 93.60/95/Higher

Stop-loss 90.60
c

LANCO INFRATECH (LANINF)

CMP : 37.10

Trendline resistance broken

Comment: and taking resistance from
20 days SMA

Action : Sell below 37

Targets: 36.20/35.70/Lower

Stop-loss 37.35
ICICI Securities Limited
Daily Calls

JINDAL
1s SAW (SAWPIP)

CMP : 198.15

Taking resistance from

Comment: 200 days SMA and 14
period RSI in sell mode

Action : Sell below 198

Targets: 194/192/Lower

Stop-loss 200.10

Previous day's Performance Review

Return
Counter Action Targets Comments opportunity
Nifty Buy above 5550 5575 /5600/+ No trade 0 points
Axis Bank Buy above 1315 1338/1346/+ Target 1 achieved 1.75%
HDFC Buy above 676 689/695/+ Closed at 680 0.59%
Dish TV Buy above 62.80 64.10/65/+ Stoploss triggered -1.11%
Adani Power Sell below 113.10 111/109.80/- Target 1 achieved 1.85%

Nifty Points gained for the day: 0 Cum. gains over last 234 days: 3060 points

Stock profits: Average: 0.77 % per trade Cum. Profits over last 234 days: 695.59 %

Strike Rate for the day: 3/4 Cum. Strike Rate over 234 days: .481 /713 (67%)
ICICI Securities Limited
Daily Calls

STOCK CLOSE S1 S2 S3 R1 R2 R3 TREND

SENSEX 18486.45 18521.90 18449.85 18377.75 18666.05 18753.55 18841.00 +ve

NIFTY 5538.75 5547.90 5526.85 5505.85 5589.95 5615.55 5641.20 +ve

ACC 987.25 984.15 979.75 974.90 992.95 997.35 1002.20 Neutral

ANDHRA BANK 140.15 138.15 137.40 136.70 140.75 142.05 143.35 -ve

ARVIND 55.60 54.55 53.85 53.20 55.90 56.60 57.25 -ve

BAJAJ AUTO 1376.90 1377.35 1371.95 1366.55 1388.15 1403.60 1419.05 +ve

BALAJI TELE 34.45 34.20 33.90 33.65 34.80 35.10 35.35 Neutral

BOB 883.25 861.80 854.15 846.50 882.55 892.95 903.30 -ve

BOI 460.35 460.65 458.80 456.95 464.35 468.45 472.55 +ve

BEL 1680.25 1684.35 1675.60 1666.85 1701.85 1709.35 1716.85 +ve

BPCL 580.00 579.40 573.90 568.40 590.45 598.25 606.05 +ve

BHEL 2085.40 2052.35 2029.60 2006.85 2093.25 2113.75 2134.20 -ve

CANARA BANK 611.50 605.05 600.65 596.30 613.75 618.10 622.45 -ve

CENTURY TEXT. 317.10 314.95 311.50 307.60 321.90 325.35 329.20 Neutral

CIPLA 304.15 301.30 299.75 298.15 305.10 307.00 308.90 -ve

DR.REDDY'S LAB. 1571.90 1557.60 1546.65 1535.75 1575.60 1584.60 1593.60 -ve

GAIL 455.30 454.90 451.95 448.95 460.80 465.40 470.00 +ve

GEOMETRIC 66.70 65.80 65.25 64.65 66.85 67.35 67.85 -ve

GRASIM 2300.20 2298.50 2289.25 2280.00 2316.95 2324.40 2331.85 +ve

AMBUJA CEMENT 123.20 122.50 121.75 120.55 124.00 124.80 125.95 Neutral

HCL TECH 462.85 463.55 461.60 459.65 467.40 471.50 475.55 +ve

HDFC BANK 2218.25 2218.75 2212.15 2205.55 2231.95 2258.35 2284.75 +ve

HDFC 681.50 681.35 678.35 675.35 687.35 696.80 706.25 +ve

HERO HONDA 1536.80 1534.80 1523.00 1511.20 1558.45 1567.50 1576.55 +ve

HEXAWARE TECHNOL 54.25 53.50 52.95 52.35 54.35 54.75 55.15 -ve

HINDALCO 210.05 210.20 208.70 207.25 213.15 214.80 216.50 +ve

HINDUSTAN UNILEVER 287.90 285.30 283.75 282.15 288.25 289.75 291.20 -ve

HPCL 329.45 329.30 326.30 323.30 335.30 339.95 344.60 +ve

HINDUJA TMT 251.10 249.60 244.40 239.20 260.00 263.90 267.85 +ve

ICICI BANK 1016.35 1003.00 993.10 983.20 1020.55 1029.30 1038.05 -ve

IDBI 139.60 139.80 139.10 138.40 141.20 142.45 143.70 +ve

I-FLEX SOLUTION 2047.00 2041.00 2028.85 2017.00 2065.30 2077.50 2089.30 Neutral

IOC 314.60 314.50 312.40 310.25 318.70 321.75 324.80 +ve

INFOTECH ENT. 162.75 160.45 159.50 158.50 163.05 164.30 165.60 -ve

INFOSYS 3062.20 3064.45 3053.95 3043.45 3085.45 3111.30 3137.10 +ve

ITC 172.40 171.35 170.15 168.95 172.75 173.45 174.15 -ve

JINDAL SAW 196.80 194.60 192.55 190.50 197.55 199.00 200.50 -ve

KPIT CUMMINS 151.10 150.40 149.40 147.65 152.40 153.40 155.15 Neutral

LARSEN & TOUBRO 1610.80 1583.70 1560.75 1537.80 1621.95 1641.05 1660.20 -ve

LIC HOUSING 195.70 193.10 191.10 189.10 196.45 198.15 199.85 -ve
ICICI Securities Limited
Daily Calls

M&M 676.15 678.15 673.20 668.25 688.05 694.00 699.95 +ve

MARUTI SUZUKI 1312.05 1290.75 1275.05 1259.30 1314.10 1325.80 1337.45 -ve

MASTEK 138.30 135.85 134.30 132.75 139.00 140.55 142.10 -ve

MTNL 41.80 41.80 41.40 41.05 42.50 42.85 43.20 +ve

NALCO 442.50 440.75 437.80 429.10 446.65 449.55 458.25 Neutral

NTPC 179.15 179.35 178.60 177.80 180.90 183.10 185.25 +ve

ONGC 268.85 266.85 264.75 262.65 268.90 269.95 270.95 -ve

OBC 350.95 352.10 349.35 346.60 357.60 362.75 367.90 +ve

POLARIS 184.85 183.90 182.60 181.45 186.50 187.75 188.95 Neutral

PNB 1081.40 1067.95 1056.70 1045.45 1084.90 1093.40 1101.90 -ve

RANBAXY 452.20 446.60 442.55 438.50 453.90 457.55 461.20 -ve

RELIANCE INFRA. 606.75 607.50 602.50 597.55 617.45 625.10 632.75 +ve

RELIANCE 982.20 983.60 979.45 975.25 991.95 997.35 1002.70 +ve

ROLTA INDIA 147.50 148.10 146.80 145.55 150.65 152.20 153.70 +ve

SAIL 155.00 153.05 152.25 151.40 155.65 156.95 158.20 -ve

SATYAM 63.65 63.75 63.30 62.80 64.70 65.15 65.55 +ve

SCI 106.00 106.05 105.70 105.35 106.80 107.70 108.60 +ve

SBI 2704.65 2706.60 2697.85 2689.15 2724.10 2742.60 2761.15 +ve

SYNDICATE BANK 115.30 114.15 113.20 112.30 115.55 116.25 117.00 -ve

TATA CHEMICALS 331.25 330.75 328.40 326.10 335.45 338.15 340.90 +ve

TATA MOTORS 1175.75 1177.25 1170.10 1162.95 1191.55 1207.70 1223.90 +ve

TATA POWER 1224.10 1219.15 1207.65 1196.15 1242.15 1256.60 1271.05 +ve

TATA TEA 90.75 90.85 90.35 89.85 91.80 92.30 92.80 +ve

TCS 1135.55 1124.25 1112.25 1100.25 1139.70 1147.40 1155.10 -ve

TATA STEEL 618.20 611.90 607.80 603.70 620.35 624.60 628.85 -ve

UBI 327.10 327.40 325.70 324.00 330.75 334.85 338.95 +ve

TATA COMM. 212.00 210.75 209.45 206.90 213.25 214.55 217.10 Neutral

WIPRO 441.40 436.80 434.10 431.35 443.00 446.10 449.20 -ve

ZEE 123.80 123.75 123.20 122.60 124.90 125.95 126.95 +ve

ICICI Securities Limited
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

DISCLAIMER: The report and information contained herein is strictly confidential and meant solely for the selected recipient and may not be altered in any way, transmitted to, copied
or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent of ICICI Securities Limited. "The author of the report
does not hold any investment/open position in any of the companies mentioned in this report. ICICI Securities Services Ltd (I-Sec) may be holding a small number of shares/ an open
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,
but no independent verification has been made nor is its accuracy or completeness guaranteed. This report and information herein is solely for informational purpose and may not be
used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments. Nothing in this report constitutes investment,
legal, accounting and tax advice or a representation that any investment or strategy is suitable or appropriate to your specific circumstances. The securities discussed and opinions
expressed in this report may not be suitable for all investors, who must make their own investment decisions, based on their own investment objectives, financial positions and needs
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