Daily Calls

INDRAY74

December 7, 2012 Sensex We said, "bulls booking profits at the equidistant parallel ... Weakness and close below Doji can be negative ... " Index initially lost 306 pts from opening levels, but later recovered the entire loss and finished 95 pts or 0.4% higher. While Realty/Power/Bank Index gained 1-2%, IT Index weakened 1.3%. A/D ratio ended positive 2:1. The action formed a Hammer-like candle with a substantial lower shadow, indicating complete recovery of initial heavy loss. The Action had broken below previous day's low, but refused to close below it. This indicated selling at upper parallel getting absorbed quickly. The bias continues to be positive if the action strengthens above 19523. Exhibit 1: Sensex daily candlestick chart

Domestic Indices Indices

BSE Sensex CNX S&P Nifty Nifty future BSE 500 BSE Midcap BSE Smallcap

Close
19,486.8 5,930.6 5,970.6 7,578.4 7,075.9 7453.77

Change
94.94 30.40 30.10 44.76 51.21 33.95

change%
0.5 0.5 0.5 0.6 0.7 0.5

Global Indices Indices

Close

Change
39.6 15.6 9.3 80.0 69.3 19.6 16.0

change%
0.3 0.5 0.2 1.1 0.3 0.2 0.3

Dow Jones 13,074.0 Nasdaq 2,989.3 FTSE 5,901.4 DAX 7,354.5 Hang Seng 22,319.0 Nikkei 9,564.7 SGX Nifty 5,990.0 * Asian Mkts at 7:30 am.IST

Sectoral Performance
2.1 % Change 1.8 1.2 0.1 1.2 0.0 -1.1 -1.4

-1.9 Healthcare Bankex Realty Power Teck IT

CNX S&P Nifty Technical Picture

Nifty Trend Trend Reversal Support Resistance 20 Days SMA 200 days SMA Intraday Up 5865 5890-5865 5950-5975 Short Term Up 5650 5650 6040 5710 5342

Exhibit 2: Nifty Future daily candlestick Chart

Nifty Future
CMP : Comment : 5970.65 Future premium remains at 40 points. Strong bounce exactly from the gapup area of 30th Nov. Reverse if fails to reach or sustain above 5990-6000.

Action : Targets : Stop-loss :

Buy in the range of 5955-5960 5990 / 6010 / Higher 5944

ICICI Securities Ltd. | Retail Equity Research

Recommendation for the day

Exhibit 3: Bharat Heavy Electricals Ltd (BHEL) BHEL (BHEL) Dec Future
CMP : Comment : 241.90 Price breaking from two day consolidation and MACD giving buy signal in daily chart

Daily Candlestick Chart

Action : Targets : Stop-loss :

Buy above 242 246.70/249/Higher 239.7

Source: Spider software, ICICIdirect.com Research

Exhibit 4: Rural Electrification Corp (RURELE)

Daily Candlestick Chart

REC (RURELE) Dec Future

CMP : Comment : 242.85 Breakout from Flag pattern and close above double top at April & Sep'12 high

Action : Targets : Stop-loss :

Buy above 243 247.70/249.70/Higher 240.7

Source: Spider software, ICICIdirect.com Research

Exhibit 5: Syndicate Bank (SYNBN)

Daily Candlestick Chart

Syndicate Bank (SYNBN) Dec Future

CMP : Comment : 133.90 Range breakout on daily charts and stochastics in buy mode in daily chart

Action : Targets : Stop-loss :

Buy above 134 137/138.50/Higher 132.5

Source: Spider software, ICICIdirect.com Research

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Page 2

Exhibit 6: Bharat Forge (BHAFOR) Bharat Forge (BHAFOR) Dec Future

CMP : Comment : 265.50 Price closed below 50 days EMA in the daily chart and stochastic in sell mode in daily chart

Daily Candlestick Chart

Action : Targets : Stop-loss :

Sell below 265 261/259/Lower 267.7

Source: Spider software, ICICIdirect.com Research

Previous Days Performance

--

Counter Nifty PNB Tata Steel Apollo Tyre Petronet LNG * Return Opportunity

Action Buy in the range of 5928-5933 Buy above 820 Buy above 400 Buy above 87.5 Sell below 161

Targets 5960/5980/+ 833/840/+ 407/411/+ 89.3/90.2/+ 158/156.5/-

Comments Stoploss triggered Stoploss triggered Stoploss triggered Profit booked at 88.80 Target 1 almost achieved

Return%* 12 Points -0.80 -0.75 1.00 1.50

Nifty Points gained for the day: -12 points

Gains over last 166 days: 1089 points

Stock profits: Avg 0.24% per trade

(Cum. Profits over last 166 days: 423.30%)

Strike Rate for the day: 2/4

(Cum strike rate over 166 days : 338/496 (68%)

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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 KPIT CUMMINS

CLOSE

S1

S2

S3

R1

R2

R3 TREND

19486.80 19358.55 19274.30 19245.50 19527.05 19611.30 19640.05 Neutral 5930.90 1418.35 115.35 93.30 1949.65 53.65 791.30 293.75 1192.90 360.60 241.75 480.75 438.25 411.75 1846.55 353.80 105.40 3292.05 206.80 625.45 694.75 844.15 1825.20 106.45 122.90 535.25 288.00 1135.70 109.60 2881.75 264.15 197.75 2338.30 301.35 129.05 123.30 5891.60 1400.60 115.00 92.65 1938.55 51.95 783.60 293.30 1175.65 357.65 240.90 479.20 435.80 407.00 1841.75 351.50 104.20 3245.35 204.00 613.75 688.60 838.70 1823.75 101.75 120.95 533.40 287.70 1121.05 107.85 2845.15 263.70 196.90 2303.50 300.45 127.70 122.15 5865.70 1395.40 113.95 92.05 1929.60 51.20 778.25 290.60 1166.45 355.45 238.55 474.75 431.35 405.80 1832.80 349.95 103.55 3234.75 203.25 609.50 684.20 834.85 1814.45 101.20 119.65 529.75 286.35 1110.80 106.60 2830.65 262.60 194.25 2288.50 298.65 126.50 121.50 5858.55 1390.25 112.85 91.20 1916.65 50.50 773.95 287.85 1157.25 352.50 236.20 470.30 426.90 404.60 1823.85 349.25 102.85 3224.10 202.45 605.25 681.75 830.40 1805.15 100.65 118.50 526.05 285.00 1105.85 106.10 2816.20 261.55 191.65 2273.50 296.85 125.15 120.85 5943.40 1418.55 117.10 93.75 1956.40 53.50 794.30 298.70 1197.60 362.00 245.60 488.10 444.70 411.85 1859.60 354.70 105.40 3281.85 206.55 626.65 697.45 846.40 1842.35 106.25 123.55 540.70 290.40 1141.55 110.40 2883.40 265.90 202.20 2343.50 304.05 130.00 123.75 5969.35 1427.55 117.80 94.30 1965.35 54.30 799.65 300.85 1208.55 364.20 246.95 490.25 447.55 414.30 1864.75 356.30 106.00 3300.10 207.85 633.10 701.90 850.20 1849.40 108.50 124.85 542.60 291.90 1151.80 111.65 2902.55 266.65 203.05 2363.55 305.10 131.15 124.55 5976.45 Neutral 1436.50 -ve 118.45 +ve 95.20 Neutral 1978.30 Neutral 55.05 -ve 804.00 Neutral 303.00 +ve 1219.50 -ve 367.15 Neutral 248.30 +ve 492.40 +ve 450.40 +ve 416.70 -ve 1869.90 +ve 356.95 Neutral 106.60 -ve 3318.35 -ve 209.10 -ve 639.55 -ve 704.35 Neutral 854.70 Neutral 1856.50 +ve 110.75 -ve 125.95 Neutral 544.45 +ve 293.40 +ve 1156.75 Neutral 112.15 Neutral 2921.70 -ve 267.45 +ve 203.95 +ve 2383.55 -ve 306.20 +ve 132.55 Neutral 125.35 -ve

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Page 4

LARSEN & TOUBRO LIC HOUSING M&M MARUTI SUZUKI MASTEK MTNL NALCO NTPC ONGC OBC POLARIS 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

1674.50 274.00 928.85 1482.55 148.20 27.60 48.25 161.10 268.70 349.85 121.55 823.00 510.60 512.30 843.90 64.00 83.65 100.20 55.75 2307.20 132.80 350.50 280.85 108.75 165.75 1280.70 399.80 252.90 229.30 379.85 215.00

1660.05 271.90 915.85 1479.45 146.80 27.45 47.65 160.55 266.40 345.90 119.95 820.00 503.50 509.50 834.60 63.10 82.90 99.25 55.75 2278.30 131.70 346.90 279.85 107.40 164.20 1268.15 396.35 251.80 227.55 375.70 214.20

1649.70 270.20 911.20 1472.55 145.60 27.05 47.35 159.15 264.85 343.20 118.90 814.00 501.60 503.90 828.65 62.75 82.35 98.75 55.45 2258.80 129.75 343.85 277.85 106.50 163.40 1262.65 393.45 249.55 226.40 372.65 212.60

1644.10 268.75 906.55 1465.70 143.60 26.70 47.05 157.75 263.70 340.35 117.90 808.05 499.75 498.35 824.55 62.40 81.80 98.25 55.20 2247.95 127.80 340.40 275.80 105.05 162.60 1257.20 391.00 247.35 225.30 369.60 210.95

1680.80 275.30 927.90 1493.20 149.20 28.20 48.30 163.35 269.50 351.20 121.95 832.00 510.50 520.65 846.55 64.00 84.00 100.45 56.30 2317.30 135.65 353.00 283.90 109.25 165.65 1281.15 402.15 256.25 229.10 379.60 217.45

1691.15 277.00 933.90 1497.70 150.40 28.70 48.60 163.85 271.10 353.90 122.95 840.40 514.00 522.80 852.50 64.45 84.55 101.05 56.75 2336.75 137.25 356.05 285.80 110.20 166.40 1287.65 405.05 257.90 229.90 381.55 218.85

1696.75 Neutral 278.45 Neutral 939.95 -ve 1502.20 +ve 152.40 Neutral 29.20 +ve 48.95 -ve 164.35 +ve 272.20 Neutral 356.75 Neutral 123.95 -ve 848.85 +ve 517.55 -ve 524.95 +ve 856.60 Neutral 64.90 -ve 85.15 Neutral 101.65 -ve 57.20 +ve 2347.65 Neutral 138.90 +ve 359.50 Neutral 287.65 +ve 111.65 Neutral 167.15 -ve 1294.15 -ve 407.45 Neutral 259.55 +ve 230.70 -ve 383.50 -ve 220.25 +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

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