Daily Calls

nINDRAY74

April 9, 2013 Sensex: We said, "Struggle to hold the lower channel ... Strength above the candle could mean positive outcome from the struggle ..." The Index traded in a smaller range and finished marginally negative by 12 points. While the Consumer Durable Index gained 1.1%, the IT and Capital Goods Index lost 0.9%. The A/D ratio also ended on a marginally negative note. The action formed an even smaller Bear candle, the high-low of which remained enclosed inside the previous day's small candle. It comprises indecisive trade at the lower end of the channel we showed. While strength above Friday's candle would be required to confirm some support at the channel, failure to do so would maintain negative options. Exhibit 1: Sensex daily candlestick chart

Domestic Indices
Indices S&P BSE Sensex CNX Nifty Nifty future S&P BSE 500 S&P BSE Midcap S&P BSE Smallcap Close 18,437.8 5,543.0 5,559.2 6,969.3 6,133.2 5,906.74 Change -12.45 -10.30 -12.84 -7.59 -11.19 -7.65 Change% -0.1 -0.2 -0.2 -0.1 -0.2 -0.1

Global Indices
Indices Close Dow Jones 14,613.5 Nasdaq 3,222.3 FTSE 6,276.9 DAX 7,662.6 Hang Seng 21,977.0 Nikkei 13,260.0 SGX Nifty 5,557.0 * Asian Market at 7:30 am.IST Change 48.2 18.4 27.2 3.9 259.0 67.2 2.0 Change% 0.3 0.6 0.4 0.1 1.2 0.5 0.0

Sectoral Performance
1.2 % Change 0.2

0.8

0.7 -0.8 -0.9 -1.0

-1.8 Healthcare Consumer durable Bankex Capital goods FMCG IT

CNX S&P Nifty Technical Picture
Nifty Trend Trend Reversal Support Resistance 20 Days SMA 200 days SMA 5525-5500 5580-5610 Intraday Rangebound Short Term Down 5970 5500 5970 5739 5643

Exhibit 2: Nifty Future daily candlestick Chart

Nifty Future
CMP : Comment : 5559.00 Future premium decreased from 19 points to 16. Forms even smaller candle testing lower end of purple channel. Reverse if fails to reach/sustain above 5565-75.

Action : Targets : Stop-loss :

Buy in the range of 5545-5550 5580 / 5595 / Higher 5535

ICICI Securities Ltd. | Retail Equity Research

Recommendation for the day
Exhibit 3: Tata Global (TATTEA) Tata Global (TATTEA) Apr Future
CMP : Comment : 133.05 Potential double bottom in the daily chart and price closed above 34 days SMA and 14 periods RSI in buy mode in daily chart Buy in the range of 131.25-131.75 134.20/135.50/Higher 130.2

Daily Candlestick Chart

Action : Targets : Stop-loss :

Source: Spider software, ICICIdirect.com Research

Exhibit 4: Arvind Mill (ARVMIL) Arvind Mill (ARVMIL) Apr Future
CMP : Comment : 79.95 Price taking support at the lower band of the channel and a positive follow up to bullish engulfing candle and MACD in buy mode in daily chart

Daily Candlestick Chart

Action : Targets : Stop-loss :

Buy above 80.20 82/82.80/Higher 79.4
Source: Spider software, ICICIdirect.com Research

Exhibit 5: Bank Of India (BANIND) Bank Of India (BANIND) Apr Future
CMP : Comment : 301.55 Trendline resistance and price taking resistance from 34 days EMA and bearish crossover of the 14 periods RSI in daily chart Sell below 300.50 294.50/291.50/Lower 303.5

Daily Candlestick Chart

Action : Targets : Stop-loss :

Source: Spider software, ICICIdirect.com Research

ICICI Securities Ltd. | Retail Equity Research

Page 2

Sintex Industries (SININD) Apr Future
CMP : Comment : 44.45 Bearish flag breakdown in the daily chart and stochastic in sell mode in daily chart Sell below 44.20 43.20/42.70/Lower 44.7

Exhibit 6: Sintex Industries (SININD)

Daily Candlestick Chart

Action : Targets : Stop-loss :

Source: Spider software, ICICIdirect.com Research

Previous Day’s Performance
--

Counter Nifty Dabur India Cipla Syndicate Bank Titan Industries * Return Opportunity

Action Buy in the range of 5525-5530 Buy in range 141.75-142.25 Buy above 389 Sell below 112 Sell below 246

Targets 5560/5575/+ 145/146.5/+ 396/399.5/+ 110/109/241/238/-

Comments No trade Closed at 142.85 Target 1 achieved Target 2 achieved Stoploss triggered

Return%* 0 Points 0.60 1.80 2.70 -1.00

Nifty Points gained for the day: 0 points

Gains over last 06 days: 18 points

Stock profits: Avg 1.03% per trade

(Cum. Profits over last 06 days: 16.40%)

s

Strike Rate for the day: 3/4

(Cum strike rate over 06 days : 11/15 (73%)

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Page 3

STOCK SENSEX NIFTY ACC ANDHRA BANK ARVIND NSE BAJAJAUTO BALAJI TELE BOB BOI BEL BPCL BHEL CANARA BANK CENTURY TEXT. CIPLA DR.REDDY'S LAB. GAIL GEOMETRIC GRASIM AMBUJA CEMENT HCL TECH NSE HDFC BANK NSE HOUSING DEV.FIN. HERO HONDA HEXAWARE TECHNOL HINDALCO HINDUSTAN UNILEVER HPCL ICICI BANK IDBI I-FLEX SOLUTION IOC INFOTECH ENT. INFOSYS ITC JINDAL SAW

CLOSE

S1

S2

S3

R1

R2

R3 TREND

18437.78 18417.70 18392.30 18358.25 18468.50 18493.85 18527.90 Neutral 5542.95 1126.90 92.90 79.70 1705.45 43.65 643.40 300.05 1185.65 380.45 182.50 389.20 279.65 395.00 1936.70 320.40 98.20 2734.95 168.35 745.35 624.45 758.20 1480.10 92.75 90.60 477.95 290.20 989.10 80.85 2622.30 290.25 170.00 2831.90 292.85 83.45 5538.30 1123.05 91.65 79.45 1704.90 43.85 637.15 295.05 1184.65 379.65 181.70 382.80 276.40 394.00 1912.05 319.85 96.95 2731.80 167.75 735.30 624.10 750.30 1480.75 92.55 90.55 477.05 289.55 982.55 80.05 2587.40 290.05 168.00 2814.90 291.80 83.20 5530.25 1119.15 90.90 78.75 1693.00 43.20 634.40 293.05 1178.45 377.75 179.65 379.55 274.25 391.50 1894.80 318.30 96.05 2719.55 166.45 729.65 621.30 743.00 1472.85 92.00 90.15 474.95 287.55 976.60 79.25 2568.80 288.90 166.90 2802.65 289.75 82.80 5519.60 1110.05 90.15 78.05 1681.15 42.60 631.70 291.10 1172.25 375.80 177.55 376.25 272.05 389.05 1880.55 316.75 95.15 2707.35 165.10 724.00 618.50 735.70 1464.95 91.40 89.75 472.85 285.60 970.65 78.45 2550.25 287.75 165.85 2790.40 287.70 81.90 5554.40 1130.90 93.35 80.80 1728.70 45.10 644.85 301.80 1197.00 383.55 185.85 391.30 280.50 398.90 1946.55 322.90 98.60 2756.30 170.40 748.25 629.70 761.40 1496.60 93.65 91.30 481.20 293.50 991.45 81.15 2632.65 292.35 170.55 2838.10 295.90 83.95 5562.40 1134.80 94.20 82.10 1741.95 45.55 648.70 305.20 1209.50 386.35 187.00 395.55 282.55 401.00 1963.80 325.45 99.40 2767.20 171.85 754.70 632.95 766.95 1509.80 94.30 92.00 482.70 295.05 995.90 81.70 2655.30 294.30 171.80 2849.70 298.30 84.30 5573.05 Neutral 1143.90 Neutral 95.00 -ve 83.40 +ve 1755.25 +ve 46.00 +ve 652.60 -ve 308.60 -ve 1222.00 +ve 389.15 +ve 188.15 +ve 399.80 -ve 284.60 -ve 403.10 +ve 1978.05 Neutral 328.00 +ve 100.25 -ve 2778.15 +ve 173.30 +ve 761.20 -ve 636.20 +ve 772.50 -ve 1523.05 +ve 94.90 +ve 92.65 +ve 484.25 +ve 296.60 +ve 1000.35 -ve 82.25 -ve 2677.95 -ve 296.20 +ve 173.10 -ve 2861.30 -ve 300.65 +ve 85.20 Neutral

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KPIT CUMMINS LARSEN & TOUBRO LIC HOUSING M&M MARUTI SUZUKI MASTEK MTNL NALCO NTPC ONGC OBC PNB RANBAXY RELIANCE INFRA. RELIANCE ROLTA INDIA SAIL SATYAM SCI SBI SYNDICATE BANK TATA CHEMICALS NSE TATA MOTORS NSE TATA POWER SUPPL TATA TEA TCS TATA STEEL UBI TATA COMM. WIPRO ZEE

97.75 1325.65 220.65 839.95 1420.15 118.85 21.95 33.85 140.85 312.85 242.70 705.65 440.25 341.60 789.40 66.10 61.60 117.25 42.50 2033.70 108.85 311.05 256.70 96.60 132.80 1480.75 305.90 214.60 225.75 448.80 200.70

97.45 1314.45 218.50 840.70 1414.30 116.80 22.00 33.95 140.35 310.05 238.80 697.20 435.55 340.25 788.35 65.60 61.45 116.75 42.35 2017.80 106.70 309.90 256.80 96.45 132.10 1470.85 302.90 211.40 222.35 433.55 197.25

96.50 1306.35 216.95 837.20 1403.60 115.80 21.85 33.75 139.80 307.95 236.95 692.60 431.90 336.85 784.25 65.20 61.20 115.65 42.15 2007.30 105.20 308.80 254.90 95.90 130.30 1464.55 300.55 209.80 219.10 427.50 196.05

95.55 1298.30 215.40 833.75 1392.95 114.80 21.65 33.60 138.40 305.90 235.05 687.95 428.20 333.45 780.15 64.65 60.80 114.50 41.65 1996.80 103.75 307.00 253.00 95.30 128.45 1458.25 298.20 208.20 215.85 421.45 194.80

99.40 1328.45 221.00 847.70 1435.70 119.45 22.35 34.30 141.55 313.55 244.05 708.55 441.25 347.05 796.50 66.50 61.90 118.95 42.75 2039.15 109.45 312.05 260.60 97.55 135.70 1482.80 306.80 215.75 225.60 446.80 201.85

100.45 1335.45 222.25 853.30 1463.90 120.80 22.75 34.60 142.15 315.30 246.65 714.25 444.10 349.85 800.20 66.90 62.15 119.80 42.95 2049.80 110.80 313.10 263.00 97.95 136.45 1488.80 308.75 217.95 227.25 453.40 204.15

101.55 +ve 1342.45 -ve 223.50 -ve 858.95 +ve 1492.15 +ve 122.15 -ve 23.10 +ve 34.90 +ve 143.50 Neutral 317.05 -ve 249.25 -ve 719.90 -ve 446.95 -ve 352.65 +ve 803.95 +ve 67.45 Neutral 62.55 Neutral 120.60 +ve 43.50 Neutral 2060.50 -ve 112.15 -ve 314.90 Neutral 265.40 +ve 98.30 +ve 137.20 +ve 1494.75 -ve 310.70 -ve 220.15 -ve 228.90 -ve 460.00 -ve 206.45 -ve

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Page 5

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 Book 50% profit once the position is in profit by 1% and trail stoploss to cost 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 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, 1st Floor, Akruti Trade Centre, Road No 7, MIDC 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 may be holding a small number of shares/position in the above-referred companies as on date of release of 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 of specific recipient. This may not be taken in substitution for the exercise of independent judgement by any recipient. The recipient should independently evaluate the investment risks. ICICI Securities Ltd and affiliates accept no liabilities 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. Actual results may differ materially from those set forth in projections. ICICI Securities Ltd may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject ICICI Securities Ltd and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.

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