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* All recommendations are for current month futures *Please refer to notes at end of report
1
Buy Nifty March Future in the range of 9140-9150 Target: 9200 Stop loss: 9120
Deal Team At Your Service
Niftyy Technical Picture ((Spot)
p ) Nifty Future Daily Candlestick Chart
Nifty 50 Intraday Short Term
Trend Range bound Up
Trend Reversal 8950
Support 9115-9085 8950
Resistance 9160-9190 9250
20 Days EMA 8967
200 days EMA 8459
Targets : 9200
Stop-loss : 9120
2
Gladiator
Stock Stocks
Recommendation
Buy Grasim Industries Future in range of 1061.00-1065.00 Target: 1072.90/1083.50 Stop loss: 1053.10
Targets : 1072.90/1083.50
Stop-loss : 1053.10
* All recommendations are of current month futures
*Please refer to notes at end of Report 14 periods RSI in uptrend suggesting positive bias
Buy Aurobindo Pharma Future in range of 703.00-706.00 Target : 712.10/719.10 Stop loss: 697.40
Targets : 712.10/719.10
MACD (E-12, 26, 9) is at the cusp of venturing into positive territory
Stop-loss : 697.40 above its trigger line signalling positive bias
* All recommendations are of current month futures
*Please
Please refer to notes at end of Report
3
Market Activity
Global Currencies, Commoditiy & Bond Yields Domestic Indices Global Indices
Spot Close Prev.close % Chg
Indices Close Change Change% Indices Close Change Change%
Rupee (|) 65.360 65.475 0.18 Dow Jones 20905.86 -8.76 -0.04
S&P BSE Sensex 29518.74 -130.25 -0.44
Dollar Index 100.160 100.410 -0.25 Nasdaq 5901.53 0.53 0.01
Nifty 50 9126.85 -33.20 -0.36
Euro 1.077 1.074 0.26 FTSE 7429.81 4.85 0.07
Nifty 50 future 9153.55 -18.20 -0.20 DAX 12052.90 -42.34 -0.35
British Pound 1.238 1.236 0.15
S&PBSE 500 12507.67 -17.14 -0.14 Hang Seng 24614.92 107.73 0.44
Japanese Yen 112.600 112.550 -0.04
S&PBSE Midcap 13916 79
13916.79 23 65
23.65 0 17
0.17 Nikk i
Nikkei 19418 76
19418.76 -103.83
103 83 -0.53
0 53
Australian ($) 0.772 0.773 -0.10
S&PBSE Smallcap 14054.99 42.36 0.30 SGX Nifty 9180.50 14.50 0.16
Swiss Franc 0.997 0.999 0.11
* Asian Market as at 7:30am
Gold/ounce 1230.36 1234.24 -0.32 643.6 281.9 Ambuja 234.2 Asian 1,079.7 196.2
BPCL ITC Hindalco
0.2% 0.2% Cement 0.0% Paints 0.0% 0.0%
Copper /ton 5855 00
5855.00 5916 50
5916.50 -1
1.04
04
Dr 2,734.4 55.5 273.9 Tata 476.0 Sun 706.6
IDFC SBI
Brent Crude/barrel 51.84 51.62 0.45 Reddy -0.1% -0.1% -0.1% Motors -0.1% Pharma -0.1%
Silver/ounce 17.38 17.43 -0.31 HCL 864.4 596.3 Hero 3,340.3 1,408.7 Power 193.6
Cipla ACC
Tech -0.2% -0.2% Moto -0.2% -0.2% Grid -0.2%
Institutional Activity 374.4 1,300.2 Indusind 1,379.6 Cairn 293.4 898.5
GAIL M&M HUL
Cash Segment (| Cr) FIIs (Cash) DIIs -0.2% -0.3% Bank -0.3% India -0.4% -0.5%
20-Mar-17 56.7 -536.2 481.9 6,158.9 Vedanta 263.3 United 2,189.7 137.4
Tech M.
M Maruti NMDC
17-Mar-17 1532.4 -711.5 -0.5% -0.5% Ltd -0.6% Spirits -0.7% -0.8%
16-Mar-17 1360.2 -88.2 1,537.7 3,999.8 Tata 496.7 497.5 1,280.8
L&T Ultratech Wipro RIL
15-Mar-17 1141.1 126.8 -1.0% -1.0% Steel -1.1% -1.3% -1.5%
14-Mar-17 4087.9 -1519.9 1,021.5 2,480.0 ICICI 275.1 Axis 502.9 97.7
Infosys TCS IDEA
-1.8% -1.8% Bank -2.0% Bank -2.8% -9.6%
4
Trend Scanner
Deal Team At Your Service
Positive Trends Candlestick Pattern
Scrip Name Close % Change 10-day SMA Delivery (%) Bullish Candlestick Formations Bearish Candlestick Formations
Century Plyboards India Ltd 245.85 1.67 245.30 63.52 Scrip Name Pattern name LTP Scrip Name Pattern name LTP
JB Chemicals & Pharmaceuticals Ltd 337.8 3.67 327.51 69.82 GSFC Engulfing 127.0 Orient Cement Engulfing 134.0
Swaraj Engines Ltd 1380.9 0.55 1376.31 76.28 Syndicate Bank Piercing Line 69.1 Infosys Evening Star 1018.7
Grasim Industries Ltd 1062.45 2.02 1025.78 62.42 NTPC Piercing Line 161.2 JP Associates Continuation 13.3
Simplex Infra Engulfing 310.7
PFC Continuation 145.8
Grasim Continuation 1064.0
Negative Trends
Scrip Name Close % Change 10-day SMA Delivery (%)
Fortis Healthcare Ltd 179.7 -2.04 181.1 54.53 Overbought Stocks Oversold Stocks
KSB Pumps Ltd 607.65 -3.05
3.05 615.1 71.52 S i Name
Scrip N LTP Stochastic
St h ti S i Name
Scrip N LTP Stochastic
St h ti
Tata Consultancy Services Ltd 2480 -1.81 2513.9 56.42 Cox & Kings 204.2 87.9 Coal India 292.1 15.1
Indian Oil Corp Ltd 370.95 -1.304 374.7 82.77 HDFC 1456.6 91.4
Tata Power 87 86.9
Market Breadth
5
Previous
Deal TeamDaysPerformance
At Your Service
P d t
Product St t
Strategy R
Recommended
d dPPrice
i T
Targets
t SL G i /L
Gain/Loss %* C
Comment
t
Nifty Future Sell Sell in the range of 9190-9200 9145.00 9220.00 - No trade
PFC Future Buy Buy in the range of 138.50-139.50 140.40/141.90 137.50 1.70 Target 2 achieved
IGL Future Buy Buy in the range of 1034.00-1038.00 1048.10/1058.50 1025.80 0.45 Closed at 1041
* Return Opportunity
Nifty Points gained for the day: 0 Points Gains over last 230 trading days: 734.10 points
Stocks return: Avg 1.08 per trade (Cum. Profits over last 231 trading days: 108.14%)
Strike Rate for the day: 2/2 (Cum strike rate over 231 trading days: 190/376)
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
6
Supports and Resistance Table ( Cash Levels)
7
Supports and Resistance Table ( Cash Levels)
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND
BIOCON 1126.6 1126 1121.3 1116.55 1135.5 1141 1146.45 +ve
BOSCH 22674.7 22551.65 22461.65 22371.65 22706.5 22783.95 22861.4 - ve
BRITANNIA IND. 3251.75 3245.8 3239.7 3229.75 3258 3264.05 3274.05 Neutral
CADILA HEALTHCARE 445.5 446.2 443 439.8 452.6 454.8 456.95 +ve
CAIRNS INDIA 293.35 290.75 289.1 287.4 293.35 294.65 295.95 - ve
CANARA BANK 294.25 294.05 292.95 291.85 296.25 298.2 300.1 +ve
CASTROL INDIA 421 7
421.7 419 05
419.05 416 3
416.3 413 55
413.55 422 6
422.6 424 4
424.4 426 15
426.15 - ve
CEAT 1279.35 1281.75 1275.4 1269.05 1294.45 1306.65 1318.9 +ve
CENTURY TEXT. 1016.45 1012.1 1007.45 1000.85 1021.4 1026.05 1032.65 Neutral
CESC 831.2 822.15 816.9 811.7 830.1 834.1 838.1 - ve
CIPLA 596.3 592.65 590.1 587.55 596.7 598.7 600.7 - ve
COAL INDIA 291.8 291.3 290.2 289.1 293.45 295.05 296.65 +ve
COLGATE PALM. 981.5 975.5 970.9 966.35 982.9 986.55 990.25 - ve
CONTAINER CORP 1247.35 1249.75 1242.65 1235.55 1263.9 1270.4 1276.85 +ve
NSE CROMPTON GREAVES 73.6 73.3 72.95 72.35 74 74.35 74.95 Neutral
CUMMINS INDIA 906.85 906.1 900.85 895.6 916.55 922.2 927.8 +ve
DABUR INDIA 278.9 279.4 278.1 276.8 282 283.7 285.4 +ve
DEWAN HOUSING F. 361.75 358.8 356.7 354.75 363.1 365.25 367.15 Neutral
DISH TV 105.45 104.45 103.75 103.05 105.6 106.2 106.8 - ve
DIVI'S LAB. 790.65 787 779.35 771.65 802.3 806.2 810.1 +ve
DLF 147.55 146.3 145.25 144.25 147.7 148.35 149.05 - ve
DR.REDDY'S LAB. 2734.35 2727.55 2720.3 2713.05 2735.55 2739.55 2743.55 - ve
EICHER MOTORS 25099.3 25031.9 24884.4 24736.95 25326.85 25450.6 25574.35 +ve
ENGINEERS INDIA 154.9 155.2 154.15 153.15 157.25 157.95 158.7 +ve
EXIDE IND. 218.55 216.95 215.45 213.9 218.6 219.45 220.25 - ve
FEDERAL BANK 86 9
86.9 85 95
85.95 85 4
85.4 84 85
84.85 86 9
86.9 87 35
87.35 87 8
87.8 - ve
GAIL 374.35 371.3 369.55 367.8 374.25 375.7 377.2 - ve
GLENMARK PHARMA. 878.7 871.45 864.95 858.5 878.95 882.7 886.5 - ve
GODREJ CONSUMER 1695.6 1693.25 1688.5 1683.75 1702.75 1709.05 1715.4 +ve
GODREJ IND. 502.6 498.9 493.9 488.85 503.4 505.65 507.9 - ve
GRANULES INDIA 134.45 133.8 132.45 131.15 136.45 137.2 137.95 +ve
GRASIM 1062.45 1058.95 1049.85 1040.8 1077.05 1083.2 1089.4 +ve
8
Supports and Resistance Table ( Cash Levels)
SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND
HAVELL'S INDIA 447.55 447 445.45 443.95 450.1 452.1 454.1 +ve
HCL TECH 864.35 861.8 857.35 852.85 870.7 875.2 879.7 Neutral
HDFC BANK 1436.1 1435.05 1431.55 1428.1 1442 1445.65 1449.35 +ve
HDFC 1457.75 1452.65 1448.15 1443.2 1461.65 1466.15 1471.1 Neutral
HERO MOTO 3340.25 3321.25 3313.55 3305.8 3342.95 3353.8 3364.6 - ve
HEXAWARE TECH. 223.9 223 222 219.95 224.95 225.95 228 Neutral
HINDALCO 196.2 192.85 191.45 190 195.6 196.95 198.3 - ve
HIND. UNILEVER 898.45 891.2 888.45 885.7 900.85 905.65 910.45 - ve
HPCL 511.35 508.95 505.95 502.95 511.9 513.35 514.85 - ve
HINDUSTAN ZINC 311.35 308.6 306.45 304.1 312.9 315.05 317.4 Neutral
HDIL 76.35 76.3 75.7 75.15 77.45 78 78.55 +ve
IBULL HSG FIN 963.7 957.4 949.9 944 972.4 979.85 985.8 Neutral
IDBI 77.8 77.7 77 76.3 79.1 79.55 80.05 +ve
IDEA CELLULAR 97.7 85.55 83.8 82.05 101.1 108.9 116.7 - ve
IDFC 55.45 55.05 54.65 54.15 55.85 56.25 56.7 Neutral
IFCI 29.4 29.3 29.05 28.85 29.75 29.95 30.15 +ve
INDUSIND BANK 1379.6 1371.85 1365 1358.15 1380.55 1384.9 1389.25 - ve
INDIA CEMENTS 161.8 161.75 160.6 159.45 164.05 165.5 166.95 +ve
INDO COUNT IND. 189.05 188.65 186.55 184.45 192.85 194.7 196.55 +ve
INDRAPRASTHA GAS 1040.25 1032.2 1023.7 1015.25 1040.15 1044.15 1048.1 - ve
IOC 370.95 368.55 367.15 365.75 371.4 372.85 374.25 - ve
IB REAL ESTATE 82.85 82.25 81.75 81 83.3 83.8 84.5 Neutral
INFOSYS 1021.5 1015.55 1006.2 996.85 1021.25 1024.15 1027 - ve
IRB INFRA. 241.95 239.8 238 236.15 242.25 243.45 244.65 - ve
ITC 281.9 280 278.4 273.3 283.2 284.8 289.9 Neutral
JAIN IRRIGATION 95.5 95.45 95.05 94.65 96.3 97 97.7 +ve
JET AIRWAYS 473.05 464 458.6 453.2 473.1 477.6 482.15 - ve
JINDAL ST&POW 128 4
128.4 126 124 8
124.8 123 6
123.6 128 45
128.45 129 65
129.65 130 9
130.9 - ve
JSW ENERGY 63 62.2 61.65 61.05 63.25 63.75 64.25 - ve
JSW STEEL 194.1 193.55 192.4 191.3 195.85 197.25 198.7 +ve
JUBILANT FOOD 1116.8 1116.35 1109.6 1102.8 1129.9 1135.15 1140.4 +ve
JUSTDIAL 610.6 610.95 608 605.1 616.85 622 627.15 +ve
KARNATAKA BANK 139.4 138.2 137.25 136.25 139.45 140.05 140.7 - ve
KAVERI SEEDS.COM 551.15 548.05 542.15 536.3 559.75 562.75 565.8 +ve
9
Supports and Resistance Table ( Cash Levels)
10
Supports and Resistance Table ( Cash Levels)
11
Supports and Resistance Table ( Cash Levels)
12
Notes
Please execute the trade within +/- 0.25% of the recommended range provided in the report.
The recommendation has to be executed after the first 5 minutes of trade and only upto
11:00 am
Once the recommendation is executed, it is advisable to keep strict stop loss as provided in
the report
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 15:10 hrs
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.
13
Recommended product wise trading portfolio allocation
Stocks on the Move 6% 3-5% 7-10 Per Months 7-10% 10-15% 3 Months
Techno Funda 15% 5-10% 1-2 Stocks 10% and above 15% and above 6 Months
Cash 10% -
100%
14
Candlesticks Glossary:
Deal Team At Your Service
Candlestick patterns describe the market sentiment for the specified period
period. Some of the formations suggest reversal of sentiment (trend) and,
and therefore,
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 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
pp for p
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
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 bodywarns 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 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
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
confusion.
f i H
However, the
th remarkk C
Continuation
ti ti PPattern
tt refers
f tto b
bullish
lli h or b
bearish
i h candlestick
dl ti k patterns
tt which
hi h suggestt continuation
ti ti off existing
i ti trend
t d
15
Pankaj Pandey Head Research pankaj.pandey@icicisecurities.com
17
Disclaimer
ICICI Securities or its associates might have managed or co-managed public offering of securities for the subject company or might have been
mandated by the subject company for any other assignment in the past twelve months.
ICICI Securities
Sec ities or
o its associates might
ight have
ha e received
ecei ed any
a co pe satio from
compensation f o the companies
co pa ies mentioned
e tio ed herein
he ei during
d i g the period
pe iod preceding
p ecedi g
twelve months from the date of these recommendations for services in respect of managing or co-managing public offerings, corporate finance,
investment banking or merchant banking, brokerage services or other advisory service in a merger or specific transaction.
ICICI Securities or its associates might have received any compensation for products or services other than investment banking or merchant
banking or brokerage services from the companies mentioned herein in the past twelve months.
ICICI Securities encourages independence in research report preparation and strives to minimize conflict in preparation of research report. ICICI
Securities or its associates or its Analysts did not receive any compensation or other benefits from the companies mentioned in the report or third
party in connection with preparation of the research report. Accordingly, neither ICICI Securities nor Research Analysts and their relatives have
any material conflict of interest at the time of publication of this reports.
It is confirmed that Dharmesh Shah, Dipesh Dagha, Nitin Kunte, Pabitro Mukherjee and Vinayak Parmar, Research Analysts giving these
recommendations have not received any compensation from the companies mentioned herein in the preceding twelve months.
Compensation of our Research Analysts is not based on any specific merchant banking, investment banking or brokerage service transactions
ICICI Securities or its subsidiaries collectively or Research Analysts or their relatives do not own 1% or more of the equity securities of the
company/companies
/ i mentioned
i d herein
h i as off theh last
l d off the
day h month h preceding
di the
h publication
bli i off these
h research
h recommendations.
d i
Since Associates (ICICI group companies) of ICICI Securities are engaged in various financial service businesses, they might have financial
interests or beneficial ownership in various companies including the subject company/companies mentioned herein.
It is confirmed that Research Analysts do not serve as an officer, director or employee or advisory board member of the companies mentioned
herein.
ICICI Securities may have issued other reports that are inconsistent with and reach different conclusion from the information presented herein.
Neither the Research Analysts nor ICICI Securities have been engaged in market making activity for the companies mentioned herein.herein
We submit that no material disciplinary action has been taken on ICICI Securities by any Regulatory Authority impacting Equity Research Analysis
activities.
This report or recommendations are 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 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.
18