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ICICI Securities Ltd.  | Retail Equity Research Market Outlook Sensex:  We said, "Positive bias if today's action strengthens above the candle ... " The index opened with a small gap-up above the previous candle but trading in a small band, finished 138 points or 0.5% higher. Sensex' gain was attributed to the IT Index, which was up 2.6%. Other sectors ended flat and Bankex lost 1.2%. The A/D ratio ended even. The action formed a Bull candle, with a tiny 11-point gap-up below its bottom. Small candles can be negative if next day's action weakens/closes below their bottom and gap-area. Holding the gap-up area would keep the bias positive ahead of the Rail Budget today. However, watch for sustainable follow-up above Monday's candle as crucial. Exhibit 1: Sensex – Daily Candlestick Chart Source: ASA, ICICIdirect.com Research Domestic Indices Indices Cl os e Change Change% S&P BSE Sensex 26100.08 138.02 0.53 CNX Nifty 7787.15 35.55 0.46 Nifty future 7798.60 16.10 0.21 S&PBSE 500 10023.56 35.57 0.36 S&PBSE Midcap 9557.14 11.39 0.12 S&PBSE Smallcap 10570.78 62.75 0.60  Global Indices Indices Close Change Change% Dow Jones 17024.21 -44.05 -0.26 Nasdaq 4451.53 -34.40 -0.77 FTSE 6823.51 -42.54 -0.62 DAX 9906.07 -103.01 -1.03 Hang Seng 23539.98 5.85 0.02 Nikkei 15260.61 -116.79 -0.76 SGX Nifty 7807.00 7.00 0.08 * Asian Market at 7:30 am.IST Market Breadth 1715 602 1359 599 102 19 0 500 1000 1500 2000 Advance Decline Unchg  NSE BSE  Recommendations for the day 1. Buy Nifty July Future in range of 7770-7775 2. Buy HCL Tech. in range of 1510.00-1512.00 3. Buy LIC Housing Fin. in range of 334.30-334.80 4. Buy Tata Power above 110.25 *All recommendations are of July Future Daily Calls July 8 2014

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Market Outlook

Sensex: We said, "Positive bias if today's action strengthens above the candle ... " The index opened with a small gap-up above

the previous candle but trading in a small band, finished 138 points or 0.5% higher. Sensex' gain was attributed to the IT Index,

which was up 2.6%. Other sectors ended flat and Bankex lost 1.2%. The A/D ratio ended even.

The action formed a Bull candle, with a tiny 11-point gap-up below its bottom. Small candles can be negative if next day's action

weakens/closes below their bottom and gap-area. Holding the gap-up area would keep the bias positive ahead of the Rail Budget

today. However, watch for sustainable follow-up above Monday's candle as crucial.

Exhibit 1: Sensex – Daily Candlestick Chart

Source: ASA, ICICIdirect.com Research

Domestic Indices 

Indices Close Change Change%

S&P BSE Sensex 26100.08 138.02 0.53

CNX Nifty 7787.15 35.55 0.46

Nifty future 7798.60 16.10 0.21

S&PBSE 500 10023.56 35.57 0.36

S&PBSE Midcap 9557.14 11.39 0.12

S&PBSE Smallcap 10570.78 62.75 0.60 Global Indices 

Indices Close Change Change%

Dow Jones 17024.21 -44.05 -0.26

Nasdaq 4451.53 -34.40 -0.77

FTSE 6823.51 -42.54 -0.62

DAX 9906.07 -103.01 -1.03

Hang Seng 23539.98 5.85 0.02

Nikkei 15260.61 -116.79 -0.76

SGX Nifty 7807.00 7.00 0.08

* Asian Market at 7:30 am.IST 

Market Breadth 

1715602

1359599

10219

0 500 1000 1500 2000

Advance

Decline

Unchg  NSE

BSE

 

Recommendations for the day 

1. Buy Nifty July Future in range of 7770-7775

2.  Buy HCL Tech. in range of 1510.00-1512.00 

3. Buy LIC Housing Fin. in range of 334.30-334.80

4. Buy Tata Power above 110.25

*All recommendations are of July Future

Daily CallsJuly 8 2014

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Exhibit 2: Nifty Future – Daily Candlestick Chart

Source: ASA, ICICIdirect.com Research

CNX Nifty (Cash Levels) Technical Picture 

Nifty Intraday Short Term

Trend Rangebound Up

Trend Reversal 7400

Support 7755-7725 7400

Resistance 7830-7860 8100

20 Days EMA 7590

200 days EMA 6659

 

Nifty Future Recommendations

CMP :

Comment :

Action :

Targets : 7805/7825/Higher

Stop-loss : 7755.00

Future premium decreased from 31 points to 11.

Registers a smaller gain near the crucial 7800-mark.Reverse if fails to reach/sustain above

7810-20

Buy in the range of 7770-7775

7798.60

 

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Trend Scanner

Positive Trends 

Scrip Name Close % Change 10-day SMA Delivery (%)

Bajaj Auto Ltd 2302.70 0.15 2299.78 66.90

MAX India Ltd 308.05 4.76 294.79 57.77

LIC Housing Finance Ltd 333.45 1.89 325.26 61.57

HCL Technologies Ltd 1508.50 1.90 1468.37 62.77

PVR Ltd 668.95 0.18 664.64 47.19

NTPC Ltd 161.35 1.77 156.41 49.91  

Overbought Stocks Oversold Stocks 

Stocks rising for 5 days & stochastic overbought Stocks falling for 5 days & stochastic oversold

Scrip Name LTP Stochastic Scrip Name LTP Stochastic

Bharat Forge 667.85 85.02 Bajaj Hind 29.9 18.87IOB 83 80.68

UCO Bank 111.9 89.3

 

Candlestick Patterns 

Bullish Reversal Pattern Bearish Reversal Pattern

Bullish Engulfing Bearish Engulfing

Scrip Name Close Scrip Name Close

SKF India 1153.5 Vijaya Bank 55.7

Jubilant 203.5

Bullish Candle Bearish Candle

Aditya Birla Nuvo 1433.0 Mcdowells 2418.0

Bharti Airtel 345.1 JSW Steel 1236.5

Infosys 3341.0 Ultratech Cement 2552.0

BEML 815.7

LIC Housing Finance 333.5

IDFC 142.1

NTPC 161.4

HCL Technology 1508.0

 Note: For Candlestick pattern description refer towards the end of

the report.

Stocks hitting 52 week high

Scrip Name LTPAban 856.8

BEL 2271.5

DHFL 408.05

HDFC Bank 841.75

IRB 265.75

TCS 2488

 

Global Currencies 

Spot Close Prev.close % Chg

Rupee (|) 60.015 59.735 -0.47

Dollar Index 80.207 80.218 -0.02

Euro 1.361 1.361 0.01

British Pound 1.715 1.713 0.11

Japanese Yen 101.770 101.860 0.09

Australian ($) 0.939 0.937 0.16

Swiss Franc 0.893 0.894 0.02  Global Treasury Yields 

Closing Yield (%) Previous Yield (%)

India 10 year 8.69 8.69

US 10 Year 2.62 2.61

EURO 10 Year 1.25 1.27GBP 10 Year 2.73 2.76

JPY 10 Year 0.56 0.57  

Commodities US Dollar 

Close Prev. Close %Chg

Gold 1319.21 1319.94 -0.06

Copper 21.0365 21.0519 -0.09

Brent Crude 110.10 110.24 -0.13 

Institutional Activity 

Cash Segment (| Cr) FII DII

7-Jul-14 198.6 -85.2

4-Jul-14 943.2 -853.1

3-Jul-14 950.8 -624.2

2-Jul-14 1,290.7 -407.7

1-Jul-14 856.4 -774.7 

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Stock recommendations for the day

Exhibit 3: HCL Technologies (HCLTEC) Daily Bar Chart 

Source: Bloomberg, ICICIdirect.com Research

HCL Technologies (HCLTEC) July Future

CMP 1515.95

Comment :

Action :

Targets : 1531/1541/Higher

Stop-loss : 1499.50

Trendline breakout in the daily chart and price

taking support at the 13 days EMA and 14

periods RSI giving buy signal in the daily chart

Buy in the range of 1510.00-1512.00

 

Price taking support near 13 days EMA in the daily chart and trendline

breakout signalling continuation of the bullish trend in the short term

RSI in rising trend taking support at its nine period’s average in the daily chart thus

validates up trend in price

13 days EMA

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Exhibit 4: LIC Housing Finance (LICHF) Daily Candlestick Chart

Source: Bloomberg , ICICIdirect.com Research

LIC Housing Finance(LICHF) July Future

CMP 335.55

Comment :

Action :

Targets : 340/343/Higher

Stop-loss : 331.50

Recent trading range breakout in the daily chart

with rise in volume and price taking support at

the 21 days EMA in the daily chart

Buy in the range of 334.30-334.80

 

Recent trading range breakout in the daily chart and price rise with rise in

volume indicating further upsides in coming sessions

Price rise with rise in volume suggesting larger participation in the

direction of trend 

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Exhibit 5: Tata Power (TATPOW) Daily Candlestick Chart

.  

Source: Bloomberg , ICICIdirect.com Research

Tata Power (TATPOW) July Future

CMP 110.00

Comment :

Action :

Targets : 112.30/113.50/Higher

Stop-loss : 109.10

Trendline breakout with a bulllish gap up price

action in the daily chart and taking support at the21 days EMA in the daily chart and RSI giving

buy signal in the daily chart

Buy above 110.25

 

Trendline breakout with a rising gap in the daily chart and price

taking support at the 21 days EMA signalling bullish trend after

recent sideways corrective price action

RSI giving buy signal taking support at its nine period’s average in the daily chart

21. Days EMA

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Previous Day’s PerformanceScrip Product Strategy Recommended Price Targets SL Gain/Loss %* Comment

Nifty Future Buy In range of 7755-7760 7790/7810/+ 7740.00 - No trade

HDFC Bank Future Buy In range of 864.50-865.50 876/882/+ 858.50 -0.75 Stoploss triggered

Petronet LNG Future Buy above 179.00 182/183.8/+ 177.20 2.70 Target 2 achieved

Jain Irrigation Future Buy In range of 128-128.50 131/132.40/+ 126.80 - No trade

* Return Opportunity 

Nifty Points gained for the day: 0 points Gains over last 64 days: 147 points  

Stock profits: Avg 0.98% per trade (Cum. Profits over last 64 days:75.60%)  

Strike Rate for the day: 1/2 (Cum strike rate over 64 days: 77/140  

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 

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Support and Resistance Table (Cash Levels)

SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND

SENSEX 26100.08 26086.1 26053.4 26020.7 26151.5 26239.7 26327.95 +ve

NIFTY 7787.15 7782.60 7773.40 7764.15 7801.05 7826.10 7851.15 +ve

ACC 1450.85 1447.05 1441.55 1424.95 1458.05 1463.55 1480.15 Neutral

ADANI ENTER. 498.15 493.45 490.35 487.20 498.40 500.90 503.35 -ve

ADANI POWER 65.50 65.35 65.15 64.65 65.75 65.95 66.40 Neutral

ADITYA BIRLA 1430.95 1425.55 1414.45 1403.35 1447.80 1456.65 1465.55 +ve

ALLAHABAD BANK 137.60 136.00 134.80 133.65 138.15 139.20 140.30 -ve

ANDHRA BANK 99.60 98.10 97.20 96.30 99.90 100.80 101.75 -ve

APOLLO HOSPITALS 1059.05 1052.70 1047.70 1037.75 1062.70 1067.70 1077.65 Neutral

APOLLO TYRES 212.00 211.10 210.05 208.70 213.30 214.40 215.75 Neutral

ARVIND 243.10 241.00 239.55 238.10 243.45 244.70 245.90 -ve

ASHOK LEYLAND 37.15 37.00 36.55 36.15 37.85 38.10 38.40 +ve

ASIAN PAINTS 593.60 592.50 589.40 586.25 598.70 601.50 604.30 +ve

AUROBINDO PHARMA 770.55 769.90 766.75 763.60 776.25 780.65 785.05 +ve

BAJAJ AUTO 2302.70 2301.75 2291.85 2281.90 2321.60 2328.85 2336.10 +ve

BOB 865.10 857.45 852.05 846.60 867.40 872.40 877.35 -ve

BOI 301.50 298.80 296.40 294.00 301.95 303.50 305.05 -ve

BATA INDIA 1324.65 1311.85 1302.55 1293.25 1324.85 1331.35 1337.90 -ve

BHARAT FORGE 667.45 659.25 656.05 652.80 668.10 672.55 676.95 -ve

BPCL 593.25 585.45 581.45 577.45 593.20 597.10 601.00 -ve

BHARTI AIRTEL 344.45 344.00 342.05 340.15 347.85 349.90 351.95 +ve

BIOCON 538.00 531.10 527.70 524.30 538.00 541.50 544.95 -ve

CAIRNS INDIA 362.50 359.05 358.15 357.25 363.00 364.95 366.95 -ve

CANARA BANK 445.00 441.75 438.50 435.30 445.95 448.05 450.15 -ve

CENTURY TEXT. 621.20 615.85 612.25 608.60 621.75 624.70 627.65 -ve

CESC 779.85 774.80 763.60 752.35 797.25 810.10 822.95 +ve

CHAMBAL FERT. 62.80 62.00 61.35 60.65 63.05 63.55 64.10 -ve

CIPLA 449.65 447.25 445.00 442.10 451.75 454.00 456.90 Neutral

COAL INDIA 396.75 396.45 394.50 392.55 400.35 402.65 404.90 +ve

COLGATE PALM. 1663.80 1650.20 1639.70 1623.40 1671.25 1681.80 1698.10 Neutral

CROMPTON GREAVES 209.80 209.45 208.25 207.05 211.90 213.80 215.75 +ve

DABUR INDIA 193.30 192.90 192.00 191.15 194.65 195.30 196.00 +ve

DISH TV 62.30 61.70 61.25 60.55 62.65 63.15 63.85 Neutral

 

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SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND  

DIVI'S LAB. 1534.30 1517.30 1504.15 1493.40 1543.60 1556.75 1567.55 Neutral

DLF 223.25 222.45 220.70 219.00 225.95 227.15 228.40 +ve

DR.REDDY'S LAB. 2730.40 2724.35 2700.60 2676.85 2771.80 2785.80 2799.80 +ve

EXIDE IND. 158.10 155.95 154.65 153.40 158.90 160.40 161.85 -ve

FEDERAL BANK 126.65 125.30 124.25 123.25 127.15 128.05 129.00 -ve

FUTURE RETAIL 138.00 137.90 136.45 135.00 140.80 141.85 142.85 +ve

GAIL 461.05 456.15 453.25 450.30 461.80 464.60 467.40 -ve

GLAXO SMITH.C.H. 4893.45 4873.15 4816.90 4760.65 4985.65 5036.60 5087.60 +ve

GLENMARK PHARMA. 589.45 583.35 576.25 569.15 590.55 594.15 597.75 -ve

GMR INFRA. 31.45 31.10 30.85 30.60 31.55 31.75 32.00 -ve

GODREJ CONSUMER 815.55 815.35 811.85 808.35 822.35 824.60 826.85 +ve

GODREJ IND. 368.00 367.55 364.50 361.45 373.65 376.20 378.75 +ve

GRASIM 3363.90 3338.35 3319.45 3300.60 3369.80 3385.50 3401.25 -ve

AMBUJA CEMENT 223.60 221.25 219.45 217.60 223.70 224.95 226.15 -ve

HAVELL'S INDIA 1224.30 1222.90 1216.65 1210.45 1235.35 1246.00 1256.60 +ve

HCL TECH 1508.50 1503.50 1494.25 1485.05 1522.00 1526.50 1531.05 +ve

HDFC BANK 840.45 830.65 824.65 818.70 843.05 849.25 855.50 -ve

HDFC 1020.60 1018.35 1013.05 1007.80 1028.90 1034.55 1040.15 +ve

HERO MOTO 2615.85 2612.60 2601.10 2589.60 2635.55 2647.65 2659.80 +ve

HEXAWARE TECH. 158.75 158.05 156.65 155.25 160.85 162.40 164.00 +ve

HINDALCO 174.50 174.35 173.40 172.45 176.20 177.10 177.95 +ve

HIND. UNILEVER 627.60 626.45 623.55 620.65 632.25 635.15 638.05 +ve

HPCL 408.40 403.70 399.80 395.90 410.10 413.25 416.45 -ve

HINDUSTAN ZINC 165.60 163.90 162.85 161.85 165.75 166.70 167.65 -ve

HDIL 99.35 97.30 96.65 96.00 100.10 101.50 102.90 -ve

ICICI BANK 1451.35 1439.45 1431.45 1423.45 1452.75 1459.40 1466.10 -ve

IDBI 106.90 105.75 105.10 104.40 107.30 108.10 108.85 -ve

IDEA CELLULAR 136.60 136.40 135.90 135.35 137.45 138.15 138.85 +ve

NSE INFRA DEV FINANC 142.50 141.80 140.10 138.35 145.25 146.75 148.25 +ve

IFCI 41.20 41.25 41.00 40.70 41.80 42.10 42.40 +ve

ORACLE FIN. 3218.10 3214.80 3203.85 3192.90 3236.75 3251.75 3266.75 +ve

INDUSIND BANK 555.95 549.80 544.60 539.40 558.20 562.35 566.55 -ve

INDIA CEMENTS 114.05 112.45 111.95 111.50 114.40 115.35 116.35 -ve

INDRAPRASTHA GAS 379.40 378.65 370.60 362.50 394.85 397.70 400.60 +ve

 

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SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND  

IOC 342.25 338.65 336.30 333.95 343.15 345.40 347.65 -ve

IOB 83.10 82.20 81.60 81.00 83.45 84.10 84.75 -ve

IB REAL ESTATE 93.10 91.95 91.40 90.80 93.50 94.30 95.05 -ve

INFOSYS 3345.45 3334.95 3307.95 3280.95 3388.95 3407.05 3425.15 +ve

IRB INFRA. 267.70 266.50 263.70 260.90 272.10 275.15 278.20 +ve

ITC 334.80 332.60 331.00 329.70 335.70 337.30 338.60 Neutral

JAIPRAKASH ASS. 73.30 73.30 72.80 72.25 74.40 75.10 75.80 +ve

J.P.POWER VENT. 22.50 22.25 22.00 21.80 22.55 22.70 22.90 -ve

JAIN IRRIGATION 131.75 131.25 130.20 129.15 133.35 135.60 137.80 +ve

JINDAL ST&POW 327.90 327.75 326.00 324.20 331.30 333.75 336.15 +ve

JSW ENERGY 83.20 82.25 81.75 81.30 83.20 83.70 84.20 -ve

NSE JSW STEEL 1233.50 1214.90 1205.25 1195.65 1239.20 1251.35 1263.50 -ve

JUBILANT FOOD 1319.85 1322.10 1308.85 1295.60 1348.55 1354.95 1361.30 +ve

KARNATAKA BANK 144.35 144.50 143.90 143.30 145.70 146.60 147.50 +ve

KOTAK MAH.BANK 870.90 854.55 850.20 845.85 870.00 877.75 885.50 -ve

L & T 1749.35 1744.45 1740.40 1731.25 1752.60 1756.65 1765.75 Neutral

LIC HOUSING 333.45 332.55 330.20 327.85 337.20 339.85 342.50 +ve

NSE LUPIN 1078.10 1068.85 1063.40 1057.90 1080.05 1085.65 1091.25 -ve

M & M 1239.55 1238.35 1232.90 1227.45 1249.25 1255.75 1262.25 +ve

MARUTI SUZUKI 2638.85 2628.65 2618.30 2608.90 2649.35 2659.70 2669.10 Neutral

UNITED SPIRITS 2401.85 2364.75 2345.90 2327.00 2412.10 2435.75 2459.40 -ve

MCLEOD RUSSEL 317.70 315.45 314.10 312.75 318.30 319.70 321.10 -ve

M&M FIN.SERV. 272.80 273.15 271.95 270.80 275.50 277.60 279.75 +ve

MRF 23620.85 23487.25 23387.90 23288.55 23647.20 23727.20 23807.20 -ve

ADANI PORTS SEZ 280.70 280.25 278.60 276.95 283.55 285.65 287.80 +ve

NSE NHPC 27.15 26.90 26.70 26.55 27.20 27.35 27.50 -ve

NMDC 182.60 180.40 179.35 178.30 182.90 184.15 185.35 -ve

NSE NTPC 161.35 160.90 159.90 158.95 162.85 164.05 165.25 +ve

ONGC 415.55 411.10 407.90 404.65 416.95 419.90 422.85 -ve

OBC 318.85 316.35 313.85 311.40 319.55 321.20 322.80 -ve

PETRONET LNG 183.05 182.45 181.00 179.55 185.40 187.75 190.15 +ve

POWER FINANCE 322.55 322.70 321.20 319.70 325.70 328.65 331.60 +ve

POWER GRID 146.05 145.85 145.15 144.40 147.30 149.00 150.70 +ve

POWER TRADING 97.85 96.85 95.85 94.85 98.05 98.65 99.25 -ve

 

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SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND  PNB 969.85 962.20 954.10 946.00 971.75 976.50 981.30 -ve

RANBAXY 541.85 541.35 537.00 532.65 550.05 552.55 555.05 +ve

RCOM 147.15 146.85 145.75 144.60 149.10 150.55 151.95 +ve

REL. CAPITAL 651.75 646.40 641.35 636.30 652.80 656.00 659.25 -ve

RELIANCE INFRA. 801.80 800.90 796.50 792.10 809.65 816.75 823.80 +ve

RELIANCE 1027.20 1019.80 1011.45 1003.05 1027.80 1031.80 1035.80 -ve

RELIANCE POWER 109.20 108.70 108.25 107.40 109.50 109.95 110.80 Neutral

REC 380.80 380.25 378.15 376.05 384.45 387.85 391.20 +ve

SAIL 93.65 92.85 92.25 91.70 94.00 94.55 95.10 -ve

SESA GOA 307.65 307.60 306.15 304.70 310.50 312.15 313.85 +ve

SHRIRAM TRANS. 959.50 960.45 955.65 950.80 970.05 977.55 985.05 +ve

SIEMENS 983.80 975.60 967.65 959.70 985.00 989.70 994.45 -ve

SBI 2684.70 2668.55 2654.90 2641.20 2687.90 2697.60 2707.30 -ve

SUN PHARMA 723.50 723.50 715.30 707.05 739.95 742.25 744.50 +ve

SUN TV 470.35 466.30 463.55 459.30 471.80 474.60 478.80 Neutral

SYNDICATE BANK 172.20 169.60 167.75 165.90 172.50 173.95 175.40 -ve

TATA CHEMICALS 348.55 345.55 341.70 337.80 349.00 350.75 352.45 -ve

TATA MOTOR DVR 313.80 311.40 309.55 307.10 315.10 316.95 319.40 Neutral

TATA MOTORS 478.85 477.90 475.95 474.00 481.85 484.45 487.05 +ve

TATA POWER 111.10 110.85 110.25 109.65 112.05 113.50 114.95 +ve

TATA GLOBAL BEV. 167.05 165.95 164.65 163.35 167.40 168.15 168.90 -ve

TCS 2488.55 2477.10 2455.20 2433.30 2520.90 2527.00 2533.15 +ve

TECH MAHINDRA 2137.30 2136.20 2128.20 2120.20 2152.15 2160.45 2168.70 +ve

TATA STEEL 536.05 532.15 528.70 525.25 536.80 539.10 541.45 -ve

TITAN IND. 357.40 355.75 353.65 351.35 359.85 361.90 364.25 Neutral

UCO BANK 112.35 111.00 110.10 109.25 112.55 113.35 114.15 -ve

ULTRATECH CEMENT 2559.90 2533.30 2517.30 2501.30 2567.25 2584.20 2601.20 -ve

UBI 223.25 220.55 218.60 216.60 224.15 225.95 227.70 -ve

UNITED BREW. 723.85 722.25 717.75 713.25 731.25 736.40 741.60 +ve

UNITED PHOSPH. 342.25 338.20 332.80 327.45 343.75 346.55 349.35 -ve

UNITECH 32.30 31.70 31.45 31.20 32.45 32.80 33.20 -ve

AXIS BANK 1923.00 1911.30 1903.60 1895.90 1924.85 1931.65 1938.40 -ve

TATA COMM. 404.35 400.10 395.60 391.05 405.30 407.90 410.50 -ve

VOLTAS 217.50 217.00 215.30 213.65 220.35 222.55 224.75 +ve

 

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SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND  WIPRO 557.60 556.40 553.90 551.40 561.40 565.90 570.35 +ve

 YES BANK 542.20 534.70 530.95 527.25 545.00 550.15 555.30 -ve

ZEE 297.05 294.30 292.15 290.00 297.70 299.40 301.10 -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 allocateequal amount to each recommendation

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Recommended Trading Portfolio allocation

Allocations Return ObjectiveProducts Product wise

allocationMax allocation

in 1 stock

Number of CallsFrontline 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%

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