ICICI Securities Ltd.

| Retail Equity Research

Market Outlook
Sensex: We said, "Watch if failure to trade above Friday leads to a negative close ..." The index failed to trade above Friday and
turned weak to finish 173 points or 0.8% lower for the day. Pharma, IT, power, auto and capital goods indices lost 1-1.5% each.
The Small Cap Index ended flat but the A/D ratio turned negative and finished at 1:2.

The action formed the biggest Bear candle of last 10 days, the low of which is testing the lower Grey channel as drawn. Holding
the Grey channel can be positive. However, weakness and close below the candle would establish the two-day high and 80%
retracement level to the preceding fall, both at 21141, as crucial resistance on the upside.

Exhibit 1: Sensex Daily Candlestick Chart

Source: ASA, ICICIdirect.com Research

Domestic Indices
Indices Close Change Change%
S&P BSE Sensex 20946.65 -173.47 -0.82
CNX Nifty 6221.45 -55.50 -0.88
Nifty future 6239.45 -49.80 -0.79
S&PBSE 500 7658.17 -51.58 -0.67
S&PBSE Midcap 6480.74 -19.68 -0.30
S&PBSE Smallcap 6449.16 4.12 0.06

Global Indices
Indices Close Change Change%
Dow Jones 16168.03 -153.68 -0.94
Nasdaq 4277.30 -30.82 -0.72
FTSE 6708.35 -101.35 -1.49
DAX 9358.89 -333.19 -3.44
Hang Seng 22591.21 86.56 0.38
Nikkei 14693.07 49.37 0.34
SGX Nifty 6246.00 20.00 0.32
* Asian Market at 7:30 am.IST

Market Breadth
1204
388
1480
618
120
37
0 500 1000 1500
Advance
Decline
Unchg
NSE
BSE

Recommendations for the day
1. Sell Nifty Mar Future in range of 6270-6275
2. Buy Tech Mahindra above 1915.00
3. Buy Titan Company above 251.00
4. Sell DLF Limited below 137.20
5. Sell Indusind Bank below 393.00
*All Recommendations are of Mar Future

Daily Calls
March 4, 2014
ICICI Securities Ltd. | Retail Equity Research


Page 2
Exhibit 2: Nifty Future Daily Candlestick Chart

Source: ASA, ICICIdirect.com Research


CNX Nifty (Cash Levels) Technical Picture
Nifty Intraday Short Term
Trend Range bound Range bound
Trend Reversal
Support 6190-6160 6000
Resistance 6260-6295 6360
20 Days EMA 6156
200 days EMA 6020


Nifty Future Recommendations
CMP :
Comment :
Action :
Targets : 6240/6220/Lower
Stop-loss : 6290.00
Future premium increased from 12 points to 18.
Testing lower end of the Green channel
shown.Reverse if holds 6260-70
Sell in the range of 6270-6275
6239.45

ICICI Securities Ltd. | Retail Equity Research


Page 3
Trend Scanner






















Positive Trends

Scrip Name Close % Change 10-day SMA Delivery (%)
Hathway Cable & Datacom Ltd 253.40 3.66 247.65 61.50
ITC Ltd 329.20 0.47 321.07 70.18
Mahindra Lifespace Developers Ltd 363.30 3.95 354.44 71.72
Voltas Ltd 135.25 1.39 126.76 56.68
SKF India Ltd 692.10 3.30 668.27 73.57


Negative Trends

Scrip Name Close % Change 10-day SMA Delivery (%)
Gujarat Mineral Development Corp Ltd 104.30 -1.28 105.51 76.77
Kotak Mahindra Bank Ltd 669.95 -2.13 675.20 55.33
Bharti Airtel Ltd 286.65 -0.33 292.69 59.76
Mahindra & Mahindra Financial Services L 241.50 -2.70 251.26 64.86


Overbought Stocks Oversold Stocks
Stocks rising for 5 days & stochastic overbought Stocks falling for 5 days & stochastic oversold
Scrip Name Close Stochastic Scrip Name Close Stochastic
ACC 1101.65 91.27 NMDC 129 16.62
HDFC 812.35 80.25
BHEL 162.6 83.95
Ptc India 61.8 85.87


Stocks hitting 52 week high Stocks hitting 52 week low

Scrip Name Close Scrip Name Close
GAIL 369.2 NTPC 111.05
INFY 3795 Unitech 11
Natco Pharma 859.9
Tata Elxsi 635.8



Candlestick Patterns
Bullish Reversal Pattern Bearish Reversal Pattern
Bullish Engulfing Bearish Engulfing
Scrip Name Close Scrip Name Close
IDFC 95.15 Cipla 376.00
JP Power 14.00
Sun Pharma 624.90
Bullish Candle Bearish Candle
Federal Bank 79.50 Kotak Bank 669.45
Titan 248.90 DLF 138.40
Tech Mahindra 1907.00 Aditya Birla Nuvo 1050.00
Dr Reddy 2817.75
Indusind Bank 391.25
Dark Cloud Cover
BHEL 162.60

Note: For Candlestick pattern description refer towards the end of the
report.

Global Currencies
Spot Close Prev.close % Chg
Rupee (|) 62.043 61.758 -0.46
Dollar Index 80.147 80.077 0.09
Euro 1.372 1.374 -0.08
British Pound 1.6642 1.6667 -0.14
Japanese Yen 101.670 101.450 -0.21
Australian ($) 0.8939 0.8938 -0.01
Swiss Franc 0.884 0.883 -0.11


Global Treasury Yields

Closing Yield (%) Previous Yield (%)
India 10 year 8.90 8.90
US 10 Year 2.61 2.60
EURO 10 Year 1.55 1.62
GBP 10 Year 2.64 2.72
JPY 10 Year 0.58 0.58


Commodities US Dollar

Close Prev. Close %Chg
Gold 1350.15 1350.61 -0.03
Copper 21.4605 21.427 0.18
Brent Crude 111.27 111.20 0.05



Institutional Activity

Cash Segment (| Cr) FII DII
3-Mar-14 198.5 1,566.3
28-Feb-14 591.8 12.0
26-Feb-14 511.2 -251.9
25-Feb-14 423.4 -289.1
24-Feb-14 266.9 -248.5

ICICI Securities Ltd. | Retail Equity Research


Page 4
Stock recommendations for the day

Exhibit 3: Tech Mahindra (TECMAH) Daily Candlestick Chart

Source: Spider software, ICICIdirect.com Research
Tech Mahindra (TECMAH) Mar Future

CMP : 1912.90
Comment :
Action :
Targets : 1942/1955/Higher
Stop-loss : 1900.00
Price sustaining above the trendline breakout
area and taking support at the 21 days EMA in
the daily chart and MACD giving buy signal in
the daily chart
Buy above 1915.00





Trend line breakout in the daily chart and price taking support at
the 21 days EMA in the daily chart

MACD giving buy signal in the daily chart and sustaining above trigger line in daily chart
21 days EMA

ICICI Securities Ltd. | Retail Equity Research


Page 5

Exhibit 4: Titan Company (TITIND) Daily Candlestick Chart

Source: Spider software, ICICIdirect.com Research
Titan Company (TITIND) Mar Future

CMP : 250.60
Comment :
Action :
Targets : 256/258.50/Higher
Stop-loss : 248.50
Price tading in an upward rising channel and
sustaining above 200 days EMA in the daily
chart
Buy above 251.00





Price taking support at the lower band of the rising channel
and sustaining above 200 days EMA in the daily chart

200 Days EMA
ICICI Securities Ltd. | Retail Equity Research


Page 6

Exhibit 5: DLF Limited (DLFLIM) Daily Candlestick Chart

Source: Spider software, ICICIdirect.com Research
DLF Limited (DLFLIM) Mar Future

CMP : 137.90
Comment :
Action :
Targets : 134.40/133/Lower
Stop-loss : 138.60
Price taking resistance at the 50% retracement of
the previous decline and 34 days EMA in the
daily chart and 14 periods RSI giving sell signal
in the daily chart
Sell below 137.20




RSI giving sell signal taking resistance from its nine periods average

Price taking resistance from 34 days EMA and
50% retracement of the previous major decline


34 days EMA
ICICI Securities Ltd. | Retail Equity Research


Page 7

Exhibit 6: IndusInd Bank (INDBA) Daily Candlestick Chart

Source: Spider software, ICICIdirect.com Research
IndusInd Bank (INDBA) Mar Future

CMP : 394.05
Comment :
Action :
Targets : 387/384/Lower
Stop-loss : 396.40
Rising channel breakdown in the daily chart and
taking resistance from 55 days EMA and
stochastic giving sell signal in the daily chart
Sell below 393.00




Stochastic giving sell signal in the daily chart
Rising channel support breached in the daily chart
and taking resistance from 55 days EMA in the daily
chart

55 days EMA
ICICI Securities Ltd. | Retail Equity Research


Page 8























Previous Days Performance
Scrip Product Strategy Recommended Price Targets SL Gain/Loss %* Comment
Nifty Future Sell In the range of 6300-6305 6270/6250/- 6320.00 - No Trade
Tech Mahindra Future Buy above 1883.00 1908/1920/+ 1868.00 1.60 Target 2 achieved
Crompton Greaves Future Buy above 130.00 132.8/134.3/+ 128.60 -1.20 Stoploss triggered
Jubilaint Foods Future Sell below 1035.00 1020/1012/- 1043.50 0.40 Closed at 1031
* Return Opportunity


Nifty Points gained for the day: 0 points Gains over last 228 days: 996 points


Stock profits: Avg 0.27% per trade (Cum. Profits over last 228 days: 319.60%)


Strike Rate for the day: 2/3 (Cum strike rate over 228 days: 336/557(60%)



NOTE: 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
ICICI Securities Ltd. | Retail Equity Research


Page 9
Support and Resistance Table (Cash Levels)
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND
SENSEX 20946.65 20865.1 20826.7 20788.35 20974.6 21029.35 21084.1 -ve
NIFTY 6221.45 6196.55 6182.90 6169.25 6229.30 6245.65 6262.05 -ve
ACC 1099.50 1091.05 1084.80 1078.55 1100.95 1105.90 1110.85 -ve
ADANI ENTER. 263.90 262.70 260.05 257.45 267.95 270.25 272.55 +ve
ADANI POWER 35.85 35.70 35.45 35.10 36.20 36.50 36.85 Neutral
ADITYA BIRLA 1056.15 1038.10 1031.50 1024.90 1060.10 1071.10 1082.05 -ve
ALLAHABAD BANK 75.00 74.55 73.90 73.50 75.95 76.60 77.00 Neutral
ANDHRA BANK 55.50 54.75 54.30 53.80 55.70 56.15 56.60 -ve
APOLLO HOSPITALS 902.50 894.50 886.45 878.35 905.85 911.55 917.20 -ve
APOLLO TYRES 127.95 125.70 124.40 123.10 128.60 130.05 131.50 -ve
ARVIND 154.75 151.95 150.80 149.60 155.30 157.00 158.65 -ve
ASHOK LEYLAND 15.55 15.45 15.40 15.35 15.55 15.60 15.65 -ve
ASIAN PAINTS 472.95 468.85 465.85 462.90 472.80 474.75 476.70 -ve
AUROBINDO PHARMA 529.00 529.10 526.45 523.75 534.45 541.30 548.15 +ve
BAJAJ AUTO 1917.05 1900.40 1888.65 1876.90 1921.85 1932.60 1943.35 -ve
BOB 545.95 537.70 532.90 528.05 548.60 554.05 559.50 -ve
BOI 170.00 167.75 166.35 164.95 170.40 171.75 173.05 -ve
BATA INDIA 1042.20 1028.45 1023.45 1018.45 1043.95 1051.70 1059.45 -ve
BHARAT FORGE 382.30 383.10 380.00 376.90 389.35 392.05 394.80 +ve
BPCL 376.65 371.95 368.70 365.50 376.80 379.20 381.65 -ve
BHARTI AIRTEL 286.65 285.65 284.20 281.95 288.55 290.00 292.25 Neutral
BIOCON 454.05 446.80 441.05 435.30 455.90 460.45 465.00 -ve
CAIRNS INDIA 326.80 326.70 325.50 324.25 329.10 329.70 330.25 +ve
CANARA BANK 213.00 210.55 209.15 207.70 213.70 215.30 216.90 -ve
CENTURY TEXT. 315.15 310.35 308.10 305.80 316.10 319.00 321.90 -ve
CESC 483.00 480.35 476.40 471.70 488.25 492.15 496.90 Neutral
CHAMBAL FERT. 37.80 37.55 37.10 36.65 37.85 38.00 38.20 -ve
CIPLA 376.60 371.85 369.25 366.60 378.20 381.35 384.50 -ve
COAL INDIA 244.35 242.75 241.50 240.30 245.15 246.35 247.60 Neutral
COLGATE PALM. 1318.25 1317.70 1314.50 1311.35 1324.00 1327.50 1331.00 +ve
CROMPTON GREAVES 127.50 125.60 124.65 123.70 127.70 128.75 129.80 -ve
DABUR INDIA 172.30 170.80 169.90 169.00 172.15 172.80 173.45 -ve
DISH TV 48.00 47.20 46.60 45.95 48.25 48.80 49.30 -ve















ICICI Securities Ltd. | Retail Equity Research


Page 10
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND

DIVI'S LAB. 1433.05 1433.00 1424.40 1415.80 1450.15 1457.30 1464.50 +ve
DLF 139.15 137.70 136.85 136.00 139.45 140.30 141.15 -ve
DR.REDDY'S LAB. 2815.55 2790.45 2759.55 2728.60 2824.90 2842.10 2859.30 -ve
EXIDE IND. 111.75 111.80 111.40 111.05 112.55 113.25 113.95 +ve
FEDERAL BANK 79.65 79.25 78.10 76.90 81.55 82.15 82.75 +ve
FUTURE RETAIL 79.85 78.85 78.45 78.05 80.10 80.70 81.30 -ve
GAIL 369.25 365.95 364.25 362.55 370.10 372.15 374.20 -ve
GLAXO SMITH.C.H. 4311.45 4268.65 4230.55 4192.45 4317.15 4341.40 4365.65 -ve
GLENMARK PHARMA. 581.20 579.80 575.85 571.85 587.75 593.35 599.00 +ve
GMR INFRA. 20.50 20.25 20.10 19.95 20.55 20.70 20.85 -ve
GODREJ CONSUMER 783.20 779.65 776.15 756.35 786.65 790.10 809.90 Neutral
GODREJ IND. 277.05 274.45 273.70 272.95 277.35 278.80 280.25 -ve
GRASIM 2523.40 2500.25 2486.50 2472.75 2531.20 2546.65 2562.15 -ve
AMBUJA CEMENT 167.90 166.90 166.15 164.90 168.50 169.25 170.50 Neutral
HAVELL'S INDIA 763.65 758.05 753.85 749.60 764.95 768.40 771.80 -ve
HCL TECH 1504.65 1472.30 1457.30 1442.30 1514.40 1535.45 1556.50 -ve
HDFC BANK 666.20 662.25 657.85 653.40 666.65 668.85 671.05 -ve
HDFC 812.55 805.65 802.30 798.90 814.15 818.40 822.65 -ve
HERO MOTO 1956.35 1948.80 1935.15 1921.50 1956.95 1961.05 1965.15 -ve
HEXAWARE TECH. 156.40 153.55 150.50 147.40 157.25 159.10 160.95 -ve
HINDALCO 105.60 105.10 104.40 102.40 106.40 107.05 109.05 Neutral
HIND. UNILEVER 543.20 539.80 536.40 533.00 544.30 546.55 548.75 -ve
HPCL 270.05 268.65 266.00 263.40 273.95 275.90 277.85 +ve
HINDUSTAN ZINC 115.95 114.70 114.25 113.85 116.20 117.00 117.75 -ve
HDIL 41.40 40.85 40.50 40.15 41.55 41.85 42.20 -ve
ICICI BANK 1029.80 1017.15 1012.65 1008.20 1031.95 1039.35 1046.75 -ve
IDBI 56.20 56.35 55.95 55.60 57.15 57.40 57.65 +ve
IDEA CELLULAR 130.75 130.80 129.85 128.95 132.60 134.00 135.35 +ve
NSE INFRA DEV FINANC 95.15 95.10 94.10 93.10 97.05 97.55 98.00 +ve
IFCI 22.70 22.45 22.35 22.25 22.75 22.90 23.05 -ve
ORACLE FIN. 3099.45 3070.80 3056.05 3041.30 3104.30 3121.05 3137.80 -ve
INDUSIND BANK 392.25 387.15 384.10 381.05 393.85 397.20 400.55 -ve
INDIA CEMENTS 53.70 52.50 51.95 51.40 54.05 54.85 55.60 -ve
INDRAPRASTHA GAS 251.65 248.70 247.80 246.90 251.75 253.25 254.80 -ve

ICICI Securities Ltd. | Retail Equity Research


Page 11
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND

IOC 250.65 250.05 248.05 246.05 254.05 256.05 258.05 +ve
IOB 45.00 44.50 44.25 43.95 45.10 45.45 45.75 -ve
IB REAL ESTATE 47.35 47.45 47.10 46.70 48.25 48.55 48.90 +ve
INFOSYS 3798.25 3776.80 3765.35 3753.85 3805.80 3820.30 3834.80 -ve
IRB INFRA. 77.80 77.00 76.45 75.90 78.05 78.55 79.05 -ve
ITC 329.20 327.75 326.50 324.75 330.20 331.40 333.20 Neutral
JAIPRAKASH ASS. 40.50 39.70 39.05 38.40 40.60 41.05 41.50 -ve
J.P.POWER VENT. 14.00 12.60 12.10 11.60 14.50 15.45 16.40 -ve
JAIN IRRIGATION 58.85 57.95 57.50 57.00 59.05 59.60 60.15 -ve
JINDAL ST&POW 242.40 242.25 239.80 237.35 247.10 248.50 249.90 +ve
JSW ENERGY 48.55 47.65 47.15 46.65 48.90 49.50 50.10 -ve
NSE JSW STEEL 868.80 860.15 853.70 847.25 869.75 874.55 879.35 -ve
JUBILANT FOOD 1023.45 1014.65 1005.65 996.65 1025.15 1030.40 1035.65 -ve
KARNATAKA BANK 104.20 102.00 100.05 98.15 104.95 106.40 107.85 -ve
KOTAK MAH.BANK 669.95 661.10 656.55 652.05 673.40 679.55 685.75 -ve
L & T 1097.55 1088.55 1080.95 1073.35 1096.60 1100.60 1104.65 -ve
LIC HOUSING 205.05 201.55 200.50 199.40 205.25 207.10 208.95 -ve
NSE LUPIN 982.75 972.20 959.35 946.50 984.90 991.30 997.65 -ve
M & M 952.25 942.20 934.70 927.25 956.15 963.15 970.15 -ve
MARUTI SUZUKI 1582.20 1576.30 1565.85 1543.05 1597.25 1607.75 1630.50 Neutral
UNITED SPIRITS 2372.95 2353.90 2339.40 2324.85 2377.15 2388.80 2400.40 -ve
MCLEOD RUSSEL 284.80 279.20 275.00 273.55 287.60 291.80 293.20 Neutral
M&M FIN.SERV. 241.50 237.75 235.00 232.25 242.85 245.40 247.95 -ve
MRF 19098.75 19049.25 18999.30 18954.80 19149.15 19199.10 19243.60 Neutral
ADANI PORTS SEZ 171.65 171.30 169.70 168.10 174.50 176.95 179.40 +ve
NHPC 17.95 17.85 17.85 17.80 17.95 18.00 18.00 -ve
NMDC 129.00 128.65 127.70 126.70 130.55 131.10 131.65 +ve
NTPC 111.20 110.80 110.10 109.00 112.15 112.80 113.95 Neutral
ONGC 290.60 288.80 287.05 284.45 292.30 294.05 296.70 Neutral
OBC 169.70 169.75 167.90 166.05 173.40 175.10 176.75 +ve
PETRONET LNG 122.35 121.95 121.20 120.45 123.45 124.05 124.60 +ve
POWER FINANCE 158.50 155.55 152.45 149.35 159.60 161.60 163.60 -ve
POWER GRID 94.70 94.65 94.30 93.95 95.40 95.90 96.45 +ve
POWER TRADING 61.85 61.40 60.90 60.10 62.45 63.00 63.80 Neutral

ICICI Securities Ltd. | Retail Equity Research


Page 12
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND

PNB 539.80 533.05 527.50 521.95 542.25 546.85 551.45 -ve
RANBAXY 360.45 353.85 351.15 348.45 362.15 366.30 370.45 -ve
RCOM 110.20 109.50 108.35 106.70 111.85 113.00 114.65 Neutral
REL. CAPITAL 307.45 306.20 304.20 302.40 310.10 312.10 313.90 Neutral
RELIANCE INFRA. 354.55 350.80 348.30 345.85 355.65 358.10 360.50 -ve
RELIANCE 803.40 802.95 800.50 798.10 807.75 813.30 818.90 +ve
RELIANCE POWER 60.55 59.75 59.40 59.00 60.70 61.20 61.70 -ve
REC 187.40 184.05 182.25 180.50 188.40 190.55 192.75 -ve
SAIL 55.10 54.20 53.75 53.35 55.05 55.50 55.90 -ve
SESA GOA 174.45 173.05 171.95 170.85 174.70 175.50 176.30 -ve
SHRIRAM TRANS. 579.15 571.25 568.35 565.40 582.15 587.55 593.00 -ve
SIEMENS 619.00 616.75 614.05 609.20 622.05 624.70 629.60 Neutral
SBI 1518.35 1502.75 1497.40 1492.05 1524.50 1535.40 1546.25 -ve
SUN PHARMA 625.10 614.00 609.05 604.10 629.40 637.10 644.80 -ve
SUN TV 365.10 359.50 355.30 351.15 366.15 369.50 372.85 -ve
SYNDICATE BANK 80.55 80.10 79.45 78.95 81.40 82.00 82.55 Neutral
TATA CHEMICALS 266.50 264.30 262.75 261.20 266.55 267.70 268.85 -ve
TATA MOTOR DVR 199.45 197.65 195.20 192.75 199.90 201.00 202.15 -ve
TATA MOTORS 410.70 407.65 402.90 398.15 411.00 412.70 414.40 -ve
TATA POWER 78.25 77.35 76.75 76.15 78.45 79.00 79.50 -ve
TATA GLOBAL BEV. 135.95 133.80 133.05 132.30 136.65 138.10 139.55 -ve
TCS 2240.05 2212.35 2187.90 2163.45 2247.85 2265.60 2283.35 -ve
TECH MAHINDRA 1906.45 1902.80 1890.05 1877.30 1928.30 1946.50 1964.70 +ve
TATA STEEL 345.30 345.25 343.05 340.85 349.65 353.10 356.60 +ve
TITAN IND. 249.25 248.00 245.00 242.00 254.00 255.70 257.40 +ve
UCO BANK 63.45 62.55 62.15 61.80 63.80 64.40 65.05 -ve
ULTRATECH CEMENT 1826.75 1816.15 1806.65 1797.20 1828.90 1835.25 1841.65 -ve
UBI 101.55 100.50 100.00 99.50 101.95 102.70 103.45 -ve
UNITED BREW. 797.55 787.75 780.95 774.15 799.95 806.05 812.20 -ve
UNITED PHOSPH. 181.30 179.20 178.25 177.30 181.75 183.00 184.30 -ve
UNITECH 11.00 10.80 10.65 10.50 11.05 11.20 11.30 -ve
AXIS BANK 1255.50 1240.15 1231.80 1223.40 1259.20 1268.75 1278.25 -ve
TATA COMM. 276.65 275.40 273.70 271.85 278.80 280.45 282.30 Neutral
VOLTAS 135.25 135.00 134.20 133.35 136.65 137.35 138.05 +ve

ICICI Securities Ltd. | Retail Equity Research


Page 13
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND

WIPRO 585.90 579.35 575.45 571.60 587.80 592.00 596.25 -ve
YES BANK 302.75 298.70 297.65 296.55 304.15 306.90 309.60 -ve
ZEE 267.30 259.85 253.90 247.95 266.35 269.55 272.80 -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
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 day
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
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
ICICI Securities Ltd. | Retail Equity Research


Page 14
Recommended Trading Portfolio allocation
























Allocations Return Objective
Products Product wise
allocation
Max allocation
in 1 stock
Number of Calls
Frontline Stocks Mid-cap stocks
Duration

Daily Calls 8% 2-3% 3-4 Stocks 0.50-1% 2-3% Intraday

Short term Delivery 6% 3-5% 7-10 p.m 4-5% 7-10% Opportunity based

Weekly Calls 8% 3-5% 1-2 Stocks 5-7% 7-10% 1 Week

Weekly Technical 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

Technical Breakout 15% 5-10% 1-2 Stocks 10% and above 15% and above 3-6 Months

Cash in Hand 10% - - - - -

100%

ICICI Securities Ltd. | Retail Equity Research


Page 15
Candlesticks Glossary:
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

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 sessions 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 sessions 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 prices

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 sessions 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

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 sessions price opens over the prior sessions high (or above the prior sessions close). By the end of the second session,
it closes near the low of the session and should fall well into the prior sessions 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


ICICI Securities Ltd. | Retail Equity Research


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Pankaj Pandey Head Research pankaj.pandey@icicisecurities.com

ICICIdirect.com Research Desk,
ICICI Securities Limited,
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