Momentum Pick - ICICI Direct - Open Online Trading Account

New recommendations Date

Scrip

I-Direct Code

Action

Initiation Range

Target

Stoploss

Duration

8-Feb-18

Inox leisure

INOX

Buy

300.00-305.00

338.00

282.00

30 Days

8-Feb-18

Apollo Tyre

APOTYR

Buy

262.00-266.00

284.00

248.00

30 Days

Open Recommendations

Gladiator Stocks

*Due to high volatility owing to negative global cues, we are not giving any pre-market Intraday recommendation.

Scrip

Positional recommendations are in Cash segment

Maruti

Buy

VST Industries

Buy

Zee Tv

Buy

Action

MOMENTUM PICK

Momentum Picks

Duration: 6 Months

February 9, 2018

Research Analysts Dharmesh Shah [email protected] Pabitro Mukherjee [email protected]

For Instant stock ideas: SUBSCRIBE to mobile notification on ICICIdirect Mobile app…

Nitin Kunte, CMT

Ninad Tamhanekar, CMT

[email protected] Vinayak Parmar

[email protected]

[email protected]

ICICI Securities – Retail Equity Research

Click here to know more…

NSE Nifty: (10577) Low

Close

10518.50

10637.80

10479.55

10576.85

The past three session’s price recovery is the build-up of strength backed by strong market breadth across heavily beaten down midcap and small cap stocks, as it corrected sharply in last four weeks. The demand support at lower levels across the broader markets, validates the presence of buoyancy at the earmarked value area of 10100 – 10300, as it is a confluence of Gujarat Election panic low of 10075, corroborating with placement of 200 DMA at 10040.

February 9, 2018

Indices 11172

Each corrective leg has lasted for two -three weeks

10300

Close

Change Change%

S&P BSE Sensex

34413.16

330.45

0.97

Nifty 50

10576.85

100.15

0.96

Nifty 50 future

10572.25

106.70

1.02

S&PBSE 500

14752.56

190.56

1.31

S&PBSE Midcap

16574.70

298.33

1.82

S&PBSE Smallcap

18131.19

399.56

2.25

SGX Nifty

10372.50

-192.50

-1.82

MOMENTUM PICK MOMENTUMPICK

High

The price action formed a sizable bull candle carrying higher high higher low, characterised by a long real body, indicating strong demand around yesterdays close (10477). In line with our observation, the Nifty’s corrective move got arrested in seven sessions, suggesting a pause in secondary corrective phase. In last three sessions, the Nifty has attempted to surpass the hurdle of 10600 but failed to do so, indicating immediate hurdle in the near term. In today’s trade, the market is likely to open gap down tracking weak global cues. Key thing to watch will be the sustenance above Tuesday’s panic low of 10276. Holding 10276 on a closing basis would lead to consolidation in the broader range of 10300–10600, amid stock specific action in coming weeks. Hence, we believe only a decisive close above last three session’s identical highs of 10600 would open further room for continuance of a pullback or else the Nifty will continue to consolidate in a broader trading range of 10600–10300. The intermediate support remains around 10300, as the placement of trend line coincides with 80% retracement level of the recent rally of 10075–11172. On the structural front, we believe the index is likely to consolidate in a broad range of 10300-10600, which is likely to form a base formation for next leg of up move toward 10750. With two week’s 8% decline, the Nifty has approached its key support zone of 10300-10100. In the entire up move since CY17, the subsequent corrective decline has not lasted for more than two to three weeks post five to seven week’s rally. Thus, the consolidation in the 10300 -10600 region should be capitalised to accumulate quality stocks in a staggered manner, as it is the 50% retracement level of the recent fall of 11172–10276 around 10725, corroborating last week’s low of 10760.

Domestic Indices

NSE Nifty – Weekly Candlestick Chart Open

* SGX Nifty at 7:30 am

Nifty Technical Picture Intraday

Short term

Support

10340-10276

10100

Resistance

10410-10460

10750

Trend

Weekly Stochastic indicator cooled off from overbought territory, indicating breather at lower levels

20 day EMA

10752

200 day EMA

10047

Source: Bloomberg, ICICI Direct.com Research

ICICI Securities Ltd. | Retail Equity Research

2


Technical Outlook Equity benchmarks posted strong gains on the back of positive global cues. Eventually, the Nifty settled at 10577, up 100 points or almost 1%. Even the broader market outperformed the benchmarks as Nifty midcap and small cap gained 1.8% and 2.4%, respectively, resulting in strong market breadth with A/D ratio of almost 5:1.

Bank Nifty Future (25941)

The price action formed a bullish candle, which remained enclosed inside Tuesday’s high/low range indicating consolidation after the recent sharp decline. The index is opening negative on the back of weak global cues and is likely to test Tuesday’s panic low of 25000. Sustaining above this will lead to continuance of the current consolidation in the broad range of 25000-26200. Only a sustained move above Tuesday’s high 26213 will signal a pause in the current down trend and pave the way for a pullback towards the immediate resistance area of 27200 as it is the confluence of the recent breakdown area and the bearish gap area of February 2, 2018. Volatility is likely to remain high in coming sessions on account of the volatile global cues.

Open

High

Low

Close

25741.00

26148.00

25622.05

25941.85

Indices 27661

Nifty Bank

Close

Change

Change%

25941.85

278.35

1.08

Nifty Bank Technical Picture Intraday

Short term

Support

25230-25000

24300

Resistance

25500-25630

27200

Trend

26200

20 day EMA

26426

200 day EMA

24428

200 days EMA 24610

Nifty Bank vs. Nifty

The daily stochastic has recently generated a bullish crossover above its three period’s average signalling continuation of the pullback in the index in the coming sessions

The major short-term support is placed in the range of 2460024300 region as it is the confluence of the following:  The low of December 2017 placed around 24610 levels  The long term 200 days EMA placed at 24415 levels is likely to act as immediate support for the index

11600

27300

11100

26100

10600

24900

10100

23700

9600

22500 29-Sep 14-Nov 27-Dec 9-Feb

Bank Nifty (RHS)

NSE (LHS)

Among oscillators, the daily stochastic has recently generated a bullish crossover above its three period’s average signalling continuation of the pullback in the index in the coming sessions.


February 9, 2018

MOMENTUM PICK

The index started the session on a positive note and gained from strength to strength as the session progressed. The index formed an intraday high of 26148 in the second half of the session. However, profit booking at higher levels saw the index giving up some of its gains in the last hour of trade and finally closing at 25941. PSU bank index and private bank index ended up 2.6% and 0.8%, respectively, after the recent sharp corrective decline.

Nifty Bank Futures

Bank Nifty Index – Daily Candlestick Chart


3


Technical Outlook Bank Nifty futures snapped a five session decline and ended up more than 1% on Thursday. The pullback was broad based after the recent sharp decline as all 12 index constituents ended in the green. The near month Bank Nifty index ended at 25941, up by 278 points or 1.1% on Thursday.

Stock Picks

Duration: 30 days

288

288

231 230

169 125

Strong rebound from the major support area of rising trendline and the 52 weeks EMA

Weekly MACD is taking support at its nine periods average thus supports the positive bias in the stock

• The stock has seen a sharp rebound during current week trade as it surpassed its last two week high and has outperformed in the current volatile markets

• The share price of Apollo Tyre has rebounded from the major support area of | 230 being the confluence of the 52 weeks EMA and the trendline support joining the previous major lows of 2016 (| 125) and 2017 (| 169) currently placed around | 235 levels • The weekly MACD remains in positive territory and is seen taking support at its nine period’s average thus supports the positive bias in the stock in the coming sessions • The stock is likely to head higher in the near-term towards |286 levels being the trendline resistance joining high of August 2017 and January 2018 Recommendation initiated on i-click to gain at 10:24 on February 08, 2018


February 9, 2018


4

MOMENTUM PICK

The stock likely to test | 286 in the coming sessions being the trendline resistance joining previous highs

Technical Observations


Stop Loss: 248.00

Target: 284.00

Buy Apollo Tyres (APOTYR) in the range of 262.00-266.00

Stock Picks

Duration: 30 days Stop Loss: 282.00

Technical Observations 338

309

293

171

213

216 Faster price retracement augur well for next leg of up move

Weekly MACD is pointing upward, indicating acceleration of positive trend

• The share price of Inox Leisure has been consolidating in an upward slanting channel of | 225 - | 320 for more than two years • Current move has retraced nineteen days descent move in just three session backed by heavy volumes, indicating faster price retracement which augur well for next leg of up move towards | 338, as it is near 127.2% external retracement level last decline (| 309–216) • On the oscillator front, MACD has observed bullish crossover from zero line, indicating acceleration of up trend • Meanwhile, support remains at | 282, as it is near 50% retracement level of recent up move (| 258-310) Recommendation initiated on i-click to gain at 09:31 on February 08, 2018


February 9, 2018


MOMENTUM PICK

Target: 338.00

5


Buy INOX LEISURE LIMITED (INOX) in the range of 300.00-305.00

Market Activity Report Global Currency, Commodities and Bold Yield performance 1 Month % Change

3 Months % Change

64.26

0.04

-0.36

-1.18

1.09

Hong Kong

Currency

US

USD INR EURO USD

1.23

GBP USD JPY

0.12

-1.61

2.72

5.33

China

-5.8

Germany

-5.7

-2.7

-1.4 -2.6

0.22

-1.23

2.98

6.08

109.04

-0.28

1.04

3.31

4.06

Brazil

0.94

-0.11

-0.62

4.89

6.06

UK

-4.3

India

-4.2

Dollar Index

90.26

0.03

1.19

-2.45

-4.43

1,319.6

0.06

-1.03

0.51

2.69

64.4

-0.69

-6.15

-6.48

0.67

6,803.8

-0.48

-3.87

-3.90

-0.32

2500

16.4

0.02

-1.01

-3.23

-3.38

2000

Brent

Silver Yield (%)

-5.6

France

-2.0

-4.6

-8.0

Commodities

Copper

-4.1

Japan

1.39

Swiss Franc

Gold

-2.5

-… -1.5 1.0

-6.0

-4.0 -2.0 0.0 % Change 5 Day Change 1 Day Change

2.0


Value

5 Day % Change

MOMENTUM PICK

Global Equity Market Performance

1 Day % Change

Advance Decline 3000

1500

bps Change

India 10 Year Bond

7.5

-6.15

-14.17

9.96

53.69

US

2.8

1.99

0.28

29.09

50.23

EURO

0.8

1.72

4.12

29.53

38.51

Japan

0.1

-0.50

-0.90

0.50

4.60

1000

500 0 31-Jan 1-Feb

2-Feb Advances

5-Feb

6-Feb

7-Feb

8-Feb

Declines


February 9, 2018


6

Market Activity Report Sectoral Indices Performance 3 Months % Change

Sensex

34082.71

-0.33

-5.23

-0.79

2.60

Nifty

10476.70

-0.21

-5.00

-1.38

1.68

Index

BSE Auto

24992.01

0.15

-3.67

-6.25

-0.64

Bankex

29072.19

-0.43

-6.18

0.12

2.07

Capital Goods

19106.26

-0.46

-6.17

-5.08

4.35

FII 1,500

-400

-359

-532

-1,023

-1,251 -2,300 -4,200 1-Feb

Consumer Durables

20895.35

0.76

-7.04

-12.42

6.52

FMCG

10532.53

0.35

-1.67

-2.45

2.29

Healthcare

13938.82

1.08

-4.26

-7.63

-0.62

1,500 1,000

2-Feb

-3,838 5-Feb

-0.55

-4.10

6.08

12.22

Metal

14714.73

0.17

-4.62

-6.71

1.38

Oil & Gas

15692.57

1.69

-4.13

-3.54

-2.52

Rs Crore

12042.68

1,700

1,164 461

500 0

-500

-359

-1,000 Power

2216.82

0.35

-4.43

-9.22

-2.54

Realty

2400.99

1.54

-7.98

-9.13

4.03

BSE 500

14562.00

0.14

-5.12

-4.48

0.88

BSE Midcap Index

16350.74

0.43

-5.84

-10.39

-0.40

BSE Small Cap

17731.63

1.95

-5.26

-10.88

1.34

7-Feb

DII 2,000

IT

6-Feb

Date


1 Month % Change

Rs Crore

Value

5 Day % Change

MOMENTUM PICK

Fund Flow activity of the last 5 sessions 1 Day % Change

1-Feb

-509 2-Feb

5-Feb

6-Feb

7-Feb

Date


February 9, 2018


7

Trend Scanner ACC

1,693.3 6.7%

Sun Pharma

584.1 6.3%

Ambuja Cement

261.9 5.5%

Dr Reddy

2,180.5 3.3%

Scrip Name

Overbought Stocks

Universe: NSE 500 Close

% Change

10-Day Delivery SMA ( %)

133.45

9.52

130.59

91.22

1,134.3 2.3%

Ultratech

4,167.0 2.1%

Prism Cement Ltd Persistent Systems Ltd

794.10

4.65

781.76

51.87

1,051.8 1.5%

1,811.8 HDFC Ltd 1.5%

Bank of Baroda

156.2 1.5%

Tata Chemicals Ltd

708.15

4.01

705.34

65.56

Maruti

9,030.7 1.2%

904.6 1.1%

L&T

1,347.4 1.0%

Coal India

300.0 0.8%

Lupin

812.5 0.8%

M&M

752.2 0.7%

Eicher 28,198.0 Motors 0.7%

TCS

2,974.2 0.6%

Yes Bank

335.0 0.6%

Zee Ent

584.8 0.6%

HCL Tech

944.4 0.6%

Scrip Name

Indusind Bank

1,670.9 0.5%

Hero Moto

3,582.2 0.4%

HDFC Bank

1,881.0 0.4%

Tata power

85.1 0.4%

BPCL

478.2 0.4%

Power Grid Corp of India Ltd

ICICI Bank

333.9 0.4%

GAIL

461.9 0.3%

Asian Paints

1,124.1 0.3%

Wipro

289.8 0.2%

Power Grid

193.2 0.1%

IOC

385.6 0.0%

Bharti Airtel

429.8 -0.1%

Hindalco

245.2 -0.3%

ITC

274.1 -0.4%

Vedanta Ltd

314.5 -0.4%

Adani Ports

405.1 -0.5%

ONGC

188.7 -0.7%

Tata Motors

374.9 -0.8%

NTPC

163.7 -1.1%

Auro Pharma

601.9 -2.3%

India Bulls 1,314.4 Hsg Fin 3.2% Bosch

19,592.3 1.8%

Tata Steel

671.5 1.5%

Tech Mah

608.3 0.9%

Bharti Infratel

349.2 3.1%

SBI

301.4 2.9%

Axis Bank

568.5 1.6%

Kotak Bank

HUL

1,329.6 1.3%

Bullish Candlestick Pattern Scrip Name

Pattern name

Infosys

RIL

3,158.0 Bajaj Auto 0.7%

LTP

Stochastic

Escorts

908

88.12

Oversold Stocks

Negative Trend

Universe: NSE 500

Scrip Name

LTP Stochastic

Godrej Industries

550

19.5

Wipro

290

14.85

Close

% Change

193.20

-1.18

194.51

75.28

73.70

-1.73

74.62

42.23

Scrip Name

LTP

Adani Ports and Special Economic Zone405.10

-0.47

420.21

42.42

Ashok Leyland

134

FDC

292

Dish TV India Ltd

Bearish Candlestick Pattern

10-day Delivery SMA (%)

52 Weeks High

Inox leisure

306.0

52 Weeks Low

LTP

Scrip Name

Pattern name

LTP

Britannia

Engulfing

4650.0

Oberoi realty

Shooting star

476.0

Indian Bank

Engulfing

340.0

Heritage food

Engulfing

694.0

Page Ind

Engulfing

20750.0

Continuation

602.3

Aurobindo pharma

Scrip Name

Scrip Name

LTP

Omkar Chemical

41.3


February 9, 2018


MOMENTUM PICK

612.7 7.6%

Cipla

Positive Trend

8


Heat Map

Trend

Close

S1

S2

S3

R1

R2

R3

Nifty 50 S&P BSE SENSEX INDEX

Positive

10576.85

10492

10407

10334

10650

10723

10809

Neutral

34413.16

34136

33859

33610

34661

34911

35187

Nifty Bank

Positive

25920.65

25664

25406

25175

26153

26384

26642

Nifty 50 Futures

Positive

10572.1

10482

10391

10312

10652

10731

10823

Nifty Bank Futures

Positive

25980

25686

25391

25160

26212

26443

26738

ACC LTD

Neutral

1693.25

1605

1517

1466

1744

1795

1883

AMBUJA CEMENTS

Neutral

261.9

250

237

229

270

279

291

ADANI POWER LTD

Positive

32.8

33

32

31

34

34

35

ADANI ENTERPRISE

Positive

204.5

200

194

191

209

212

218

ADANI PORTS AND

Neutral

405.1

398

392

383

413

422

428

AJANTA PHARMA

Positive

1397.8

1353

1309

1279

1427

1457

1501

ASHOK LEYLAND

Positive

134.15

133

132

130

137

139

140

ALLAHABAD BANK

Neutral

59.3

58

57

56

60

61

62

AMARA RAJA BATT

Positive

809.65

797

784

774

819

828

841

ANDHRA BANK

Neutral

47.25

46

46

45

48

48

49

APOLLO HOSPITALS

Negative

1131.8

1113

1094

1072

1154

1176

1195

ASIAN PAINTS LTD

Positive

1124.05

1113

1101

1091

1134

1143

1155

APOLLO TYRES LTD

Positive

269.75

262

254

249

275

280

288

AUROBINDO PHARMA

Negative

601.85

593

586

573

614

628

635

ARVIND LTD

Positive

402.9

391

380

373

409

416

427

AXIS BANK LTD

Positive

568.45

559

551

542

576

585

594

BAJAJ FINANCE LT

Neutral

1662.15

1641

1619

1600

1682

1701

1723

BATA INDIA LTD

Positive

710.55

699

688

677

720

730

741

BEML LTD

Neutral

1246

1226

1207

1192

1260

1275

1294

BHARAT FINANCIAL

Negative

1011.85

1003

993

985

1021

1029

1039

BHARTI AIRTEL

Negative

429.8

424

419

413

435

441

446

BHARAT ELECTRON

Neutral

156.95

155

153

151

160

161

164

BHARAT HEAVY ELE

Positive

95.15

93

92

89

98

101

102

BHARAT FORGE CO

Positive

761.2

723

686

665

781

802

839

BHARTI INFRATEL

Neutral

349.2

342

335

330

354

359

366


Scrip Name

MOMENTUM PICK

Supports and Resistance ( Cash Levels)


February 9, 2018


9

Trend

Close

S1

S2

S3

R1

R2

R3

BALKRISHNA INDS BIOCON LTD

Positive

1705.75

1683

1660

1639

1727

1748

1771

Neutral

332.15

328

326

322

335

338

341

BAJAJ AUTO LTD

Positive

3109.4

3061

3013

2974

3149

3187

3236

BAJAJ FINSERV LT

Positive

5154.45

5062

4971

4879

5245

5337

5429

BANK OF BARODA

Neutral

137.6

135

134

132

139

142

143

BANK OF INDIA

Neutral

BOSCH LTD

Negative

BHARAT PETROL BALRAMPUR CHINI

137.55

136

135

133

139

141

142

20545.1

20370

20194

19938

20802

21058

21234

Positive

471.3

464

456

450

478

484

492

Neutral

160.9

158

156

155

162

164

166

BERGER PAINTS

Neutral

245.1

239

234

230

248

252

257

BRITANNIA INDS

Neutral

4344.25

4326

4309

4294

4358

4373

4390

CAPITAL FIRST LT

Positive

689.85

680

671

663

696

704

713

CAN FIN HOMES

Negative

462.05

453

444

435

471

480

489

CANARA BANK

Neutral

323.15

314

306

299

329

336

345

CONTAINER CORP

Positive

1341.35

1329

1317

1305

1353

1365

1377

CADILA HEALTHCAR

Positive

405.2

396

388

377

415

426

435

CEAT LTD

Neutral

1524.7

1497

1470

1434

1560

1596

1623

CENTURY TEXTILE

Neutral

1268.5

1231

1195

1173

1290

1311

1348

CESC LTD

Neutral

992.3

976

958

942

1010

1026

1043

CG POWER AND IND

Positive

88.8

87

85

83

90

91

94

CHOLAMANDALAM IN

Positive

1305.3

1288

1271

1249

1327

1349

1366

CIPLA LTD

Positive

612.65

589

566

552

626

640

663

COLGATE PALMOLIV

Positive

1100.9

1094

1089

1079

1109

1119

1125

COAL INDIA LTD

Positive

300

297

294

292

303

306

309

CASTROL INDIA

Positive

194.65

191

186

184

198

200

205

DABUR INDIA LTD

Neutral

340.3

338

335

332

343

345

348

DALMIA BHARAT LT

Positive

2795.45

2730

2665

2610

2850

2905

2970

DCB BANK LTD

Negative

168.45

164

159

156

172

175

179

DEWAN HOUSING

Neutral

513.4

502

492

484

520

528

538

DISH TV INDIA

Negative

73.7

73

72

71

75

76

77


Scrip Name

MOMENTUM PICK



February 9, 2018


10

Trend

Close

S1

S2

S3

R1

R2

R3

DIVI LABS LTD DLF LTD

Positive

1030

1014

998

980

1048

1066

1082

Positive

229.35

224

221

216

233

237

241

DR REDDY'S LABS

Positive

2180.45

2138

2096

2067

2209

2238

2280

EICHER MOTORS

Neutral

28198

27888

27579

27348

28428

28659

28968

ENGINEERS INDIA

Positive

170.35

168

165

163

174

175

179

EQUITAS HOLDINGS

Positive

142.45

140

137

135

145

147

149

ESCORTS LTD

Negative

906.8

896

885

877

916

925

935

EXIDE INDUS LTD

Positive

209.85

207

202

200

214

216

220

FED BANK LTD

Neutral

94.75

94

93

92

96

97

98

FORTIS HEALTHCAR

Positive

126.05

122

118

114

129

132

136

GAIL INDIA LTD

Positive

461.85

457

453

445

468

475

479

GODREJ CONSUMER

Neutral

1017.55

1009

1000

992

1026

1034

1043

GODREJ INDUSTRIE

Neutral

551.25

545

539

534

556

561

567

GMR INFRASTRUCTU

Neutral

19.35

18

18

18

19

20

20

GLENMARK PHARMA

Negative

579.6

565

552

544

586

594

608

GODFREY PHILLIPS

Neutral

859.2

849

839

828

870

881

891

GRANULES INDIA

Positive

118.45

116

114

111

122

126

128

GRASIM INDS LTD

Neutral

1108.65

1067

1026

1002

1132

1156

1197

GUJARAT STATE F

Positive

129.4

128

124

123

132

134

137

HAVELLS INDIA

Positive

520.9

511

501

495

527

533

543

HINDUSTAN CONST

Neutral

35.1

35

34

33

36

36

37

HCL TECH LTD

Positive

944.35

933

923

908

959

974

984

HOUSING DEV FIN

Positive

1811.8

1788

1763

1739

1837

1861

1885

HDFC BANK LTD

Neutral

1880.95

1865

1850

1833

1898

1914

1930

HOUSING DEVELOPM

Positive

52.55

51

51

50

53

54

54

HEXAWARE TECHNOL

Negative

337.35

330

322

310

350

362

371

HERO MOTOCORP LT

Neutral

3582.2

3552

3523

3491

3613

3645

3674

HINDALCO INDS

Negative

245.2

241

236

232

250

254

258

HINDUSTAN PETRO

Positive

399.8

395

390

382

407

414

419

HINDUSTAN UNILEV

Neutral

1334.2

1314

1294

1282

1347

1358

1379


Scrip Name

MOMENTUM PICK



February 9, 2018


11

Trend

Close

S1

S2

S3

R1

R2

R3

HINDUSTAN ZINC

Neutral

287.3

282

278

273

291

296

300

INDIABULLS REAL

Positive

212.7

205

198

193

217

222

230

INDIA CEMENTS

Positive

161.35

155

149

146

165

169

174

ICICI BANK LTD

Neutral

333.85

330

325

321

339

343

347

INDO COUNT INDS

Positive

106.7

101

96

92

111

114

120

IDBI BANK LTD

Positive

61.6

60

56

55

64

66

69

IDEA CELLULAR

Positive

85.55

84

82

81

88

90

92

IDFC LTD

Positive

53.8

52

51

50

54

55

56

IDFC BANK LTD

Positive

53.25

52

52

51

54

54

55

IFCI LTD

Neutral

23.35

22

22

22

23

24

24

INDRAPRASTHA GAS

Negative

290.2

286

282

277

295

300

304

INDIABULLS HOUSI

Positive

1314.4

1284

1255

1232

1337

1360

1389

INDUSIND BANK

Neutral

1670.85

1661

1650

1638

1684

1696

1706

INDIAN BANK

Positive

340.45

332

323

318

346

351

360

INTERGLOBE AVIAT

Positive

1255.9

1217

1178

1140

1293

1332

1370

INFIBEAM INCORPO

Positive

156.05

153

151

149

158

161

163

INFOSYS LTD

Positive

1134.25

1118

1102

1088

1147

1162

1177

INDIAN OIL CORP

Negative

385.6

384

381

377

391

395

398

ICICI PRUDENTIAL

Positive

420.7

414

410

402

427

435

439

IRB INFRASTRUCTU

Positive

222.95

219

217

215

224

227

229

ITC LTD

Negative

274.1

273

271

269

277

279

282

JET AIRWAYS IND

Positive

776.55

755

734

716

795

812

834

JAIN IRRIGATION

Neutral

115

112

110

107

116

118

120

JAIPRAKASH ASSOC

Negative

17.75

18

17

17

19

19

20

JINDAL STEEL & P

Neutral

266.3

251

237

226

276

287

301

JSW STEEL LTD

Positive

304.2

294

283

275

312

319

330

JSW ENERGY LTD

Positive

82.6

81

79

76

85

87

89

JUBILANT FOODWOR

Positive

1999.9

1973

1947

1913

2033

2067

2093

JUST DIAL LTD

Positive

455.7

438

418

403

472

488

507

KARNATAKA BANK

Positive

136.35

134

132

130

139

140

143


Scrip Name

MOMENTUM PICK



February 9, 2018


12

Trend

Close

S1

S2

S3

R1

R2

R3

KAJARIA CERAMICS

Positive

607.6

598

589

578

618

629

638

CUMMINS INDIA

Positive

839.6

822

805

795

849

859

876

KOTAK MAHINDRA

Neutral

1051.75

1036

1021

1011

1061

1071

1087

KPIT TECHNOLOGIE

Positive

221.15

213

205

198

228

235

242

KAVERI SEED

Neutral

472.4

464

457

450

478

485

493

LIC HOUSING FIN

Positive

514.45

507

499

494

521

525

534

LUPIN LTD

Positive

812.45

802

793

786

818

825

834

LARSEN & TOUBRO

Neutral

1347.4

1335

1321

1308

1361

1374

1388

L&T FINANCE HOLD

Positive

163.2

159

155

152

166

169

173

MAHANAGAR GAS LT

Neutral

981.25

960

938

921

999

1016

1038

MAX FINANCIAL SE

Negative

519.25

511

502

495

528

536

544

MCX INDIA LTD

Positive

738.7

732

726

720

745

752

758

MANAPPURAM FINAN

Positive

108.6

106

103

101

111

113

117

MAHINDRA & MAHIN

Neutral

752.2

745

738

731

760

768

775

M&M FIN SERVICES

Neutral

449.2

443

436

431

455

460

467

MARICO LTD

Positive

299.95

298

296

293

303

306

308

MRF LTD

Positive

70171.06

69060

67948

67097

71024

71876

72988

CHENNAI PETROLEU

Positive

372.9

368

363

356

380

387

392

MANGALORE REFINE

Neutral

118.05

117

116

115

120

120

122

MARUTI SUZUKI IN

Neutral

9030.7

8944

8857

8799

9089

9147

9234

MOTHERSON SUMI

Positive

364

357

348

342

371

378

386

MINDTREE LTD

Positive

733.3

718

701

685

751

767

783

MUTHOOT FINANCE

Positive

430.7

410

389

375

444

459

479

NATIONAL ALUMIN

Positive

71.65

71

70

69

74

74

76

NBCC INDIA LTD

Positive

208.35

206

202

199

212

215

219

NESTLE INDIA LTD

Negative

7010

6900

6790

6693

7107

7204

7314

NHPC LTD

Positive

28.7

29

28

28

30

30

30

NIIT TECH LTD

Positive

827.85

815

802

782

848

868

881

NCC LTD

Neutral

113.9

111

108

106

116

118

120

NMDC LTD

Positive

133.7

131

128

126

136

138

140


Scrip Name

MOMENTUM PICK



February 9, 2018


13

Trend

Close

S1

S2

S3

R1

R2

R3

NTPC LTD ORIENTAL BANK OF

Neutral

163.7

162

161

160

165

167

168

Neutral

110.05

109

107

105

112

113

115

ORACLE FINANCIAL

Negative

4092.8

4051

4008

3976

4126

4158

4201

OIL INDIA LTD

Neutral

362.1

357

351

348

366

369

374

OIL & NATURAL GA

Positive

188.7

186

185

183

190

193

194

PAGE INDUSTRIES

Positive

20702.75

19643

18584

17969

21318

21934

22993

PC JEWELLER LTD

Neutral

382.15

375

369

359

392

402

408

PIDILITE INDS

Positive

884.9

871

857

846

897

907

922

PIRAMAL ENTERPRI

Positive

2705.8

2664

2622

2590

2737

2768

2810

PETRONET LNG LTD

Neutral

248.9

247

244

242

252

254

257

PUNJAB NATL BANK

Neutral

159.35

157

154

152

161

164

166

POWER FINANCE

Positive

110.15

108

107

105

111

113

113

PTC INDIA LTD

Positive

96.3

95

93

92

98

99

101

PVR LTD

Positive

1414.15

1389

1365

1345

1433

1453

1477

POWER GRID CORP

Negative

193.2

191

191

189

194

195

196

RBL BANK LTD

Positive

484.9

476

468

459

492

500

508

RELIANCE CAPITAL

Positive

470.15

448

427

412

485

501

522

RELIANCE COMMUNI

Positive

26.55

25

24

23

27

28

29

REC LIMITED

Positive

150.55

148

146

144

152

154

155

RELIANCE INFRAST

Positive

444.2

436

429

423

449

455

463

REPCO HOME FINAN

Negative

590.55

583

576

565

600

610

617

RELIANCE INDS

Positive

904.55

895

885

877

914

921

932

RELIANCE POWER

Positive

42.2

41

40

39

43

44

45

RAYMOND LTD

Positive

966.25

929

893

870

988

1011

1047

STEEL AUTHORITY

Positive

86

83

81

80

87

89

90

STATE BANK IND

Positive

301.4

295

288

284

305

310

316

SHRIRAM TRANSPRT

Neutral

1337.6

1324

1309

1293

1355

1371

1386

SOUTH INDIAN BK

Positive

27.7

28

27

27

29

29

30

SIEMENS LTD

Neutral

1226

1211

1196

1178

1245

1264

1279

SYNDICATE BANK

Positive

65.4

64

63

63

66

67

68


Scrip Name

MOMENTUM PICK



February 9, 2018


14

Trend

Close

S1

S2

S3

R1

R2

R3

SHREE CEMENT

Neutral

16950

16774

16597

16394

17154

17357

17534

SREI INFRASTRUCT

Positive

82.2

79

77

75

83

85

88

SRF LTD

Positive

1843.2

1803

1762

1719

1886

1930

1970

STRIDES SHASUN L

Positive

712.05

700

687

676

724

735

749

SUZLON ENERGY

Positive

13.25

13

13

12

13

13

13

SUN PHARMA INDU

Neutral

584.1

549

515

496

602

621

655

SUN TV NETWORK

Negative

1006.55

943

878

843

1043

1078

1143

TATA STEEL LTD

Negative

671.45

657

644

634

680

690

703

TATA COMMUNICATI

Positive

618.95

606

592

583

629

638

651

TATA CONSULTANCY

Neutral

2974.2

2946

2918

2878

3015

3056

3084

TECH MAHINDRA LT

Neutral

608.25

594

581

567

621

635

648

TATA ELXSI LTD

Positive

995.9

979

961

945

1012

1027

1045

TATA GLOBAL BEVE

Positive

280.45

276

271

265

286

291

296

TORRENT POWER LT

Positive

257.5

251

245

238

263

269

275

TATA POWER CO

Positive

85.05

84

84

82

85

87

87

RAMCO CEMENT/THE

Neutral

725.9

717

709

698

736

747

755

TORRENT PHARMA

Positive

1380.85

1356

1332

1307

1404

1428

1452

TITAN CO LTD

Positive

800.75

785

769

757

813

825

841

TATA CHEMICALS

Positive

708.15

688

669

657

719

731

750

TATA MOTORS LTD

Negative

374.85

372

368

364

380

384

388

TV18 BROADCAST L

Positive

54.7

54

53

52

56

57

58

TVS MOTOR CO LTD

Neutral

666.2

650

635

625

675

685

701

UNITED BREWERIES

Negative

1059.4

1042

1025

999

1085

1111

1127

UJJIVAN FINANCIA

Positive

365.75

356

346

341

372

378

388

UNION BANK INDIA

Neutral

125.15

123

121

119

126

129

130

UNITED SPIRITS

Neutral

3154.5

3111

3068

3026

3196

3238

3281

UPL LTD

Positive

718.05

706

695

687

725

733

744

ULTRATECH CEMENT

Positive

4167

4086

4004

3956

4216

4264

4346

VEDANTA LTD

Negative

314.45

307

300

294

321

326

334

V-GUARD IND LTD

Positive

218.85

213

208

203

222

226

231


Scrip Name

MOMENTUM PICK



February 9, 2018


15

Trend

Close

S1

S2

S3

R1

R2

R3

VOLTAS LTD WOCKHARDT LTD

Neutral

600.2

592

584

576

607

614

622

Positive

791.55

770

749

736

804

817

837

WIPRO LTD

Negative

289.8

287

283

280

295

299

303

YES BANK LTD

Neutral

335

332

327

323

341

345

349

ZEE ENTERTAINMEN

Positive

584.8

580

575

569

591

597

602


Scrip Name

MOMENTUM PICK



February 9, 2018


16

Forthcoming Economic Event Calendar Event

US

Date

Event

China

9-Feb

Wholesale Trade Sales MoM

9-Feb

13-Feb

Monthly Budget Statement

10-Feb

CPI YoY

14-Feb

CPI MoM

10-Feb

Money Supply M1 YoY

15-Feb

Initial Jobless Claims

10-Feb

Aggregate Financing CNY

15-Feb

Continuing Claims

India

MOMENTUM PICK

Date

Exports YoY CNY

UK Industrial Production YoY

9-Feb

Industrial Production MoM

14-Feb

Wholesale Prices YoY

9-Feb

Manufacturing Production MoM

15-Feb

Trade Balance

13-Feb

CPI MoM


12-Feb


February 9, 2018


17

Momentum Picks: Strategy Follow up Date

Scrip

Idirect Code

Strategy

Recommended Price

Targets

SL

Gain/Loss %

Comment

8-Feb-18

Nifty

NIFTY

Buy

10465.00-10475.00

10530

10440

55 Points

Target achieved

8-Feb-18

Ashok Leyland

ASHLEY

Buy

133.00-133.50

134.80/136.30

131.75

2.00

Target 2 achieved

8-Feb-18

MRPL

MRPL

Sell

116.00-116.50

114.70/113.30

117.6

-

No Trade

MOMENTUM PICK

Duration: Intraday

Duration: 30 Days Scrip

Idirect Code

Strategy

Recommended Price

Targets

SL

Gain/Loss %

Comment

5-Feb-18

Ashok Leyland

ASHLEY

Buy

127

145

117

5.00

Booked 50% profit at 133.00

1-Feb-18

Narayana Hrudayalaya

NARHRU

Buy

287

320

273

7.00

Booked 50% profit at 306.00


Date

February 9, 2018


18

Date

Scrip Name

4-Jan-18

Titan

5-Jan-18

Sun TV

5-Jan-18

Strategy

Recommendation Price

Target

Stoploss

Time Frame

Buy

855-875

1,048.00

768.00

6 month

Buy

1010-1032

1,220.00

918.00

6 month

ZEE TV

Buy

570-585

698.00

522.00

6 month

9-Jan-18

Reliance Industries

Buy

925-945

1,070.00

865.00

6 month

23-Jan-18

VST Industries

Buy

3090-3120

3,840.00

2770.00

6 month

29-Jan-18

Maruti

Buy

9590-9630

10,795.00

8645.00

6 month

MOMENTUM PICK

Gladiator Stocks: Open Recommendations


All the recommendations are in Cash segment

Back to Top

February 9, 2018


19

Price history of last three years of the short term recommendations Apollo Tyres

Inox Leisure


MOMENTUM PICK

Industries

February 9, 2018


20

In case of intraday recommendations, execute the trade (in stocks) 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

•

In case of positional recommendations, execute the recommendations in the range provided in the report

•

Once the recommendation is executed, it is advisable to maintain strict stop loss as provided in the report. Applicable to all products

•

We adapt a trading strategy of booking 50% profit when the position is in profit by 4-5% and trail stop loss on remaining position to the entry point

•

If the recommended stock hits the target price before getting activated, then it is considered not initiated

•

The Intra day recommendations are valid only for the day and should be squared off by 15:10 hrs. The positional recommendations are valid only for the prescribed period and are to be squared off at the end of mentioned period unless communicated otherwise through separate mail or on i-click to gain page

•

Only stocks in derivatives segment have been considered for intra day recommendations

•

Medium to long-term prospects of a stock does not have any bearing on the intra day view


•

MOMENTUM PICK

Notes......

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 ‘Momentum Pick’ product carries 2 to 4 intraday recommendations. It is advisable to allocate equal amount to each recommendation

February 9, 2018


21

Product

Allocations Product wise Max allocation allocation In 1 Stock

Number of Calls

Return Objective

Duration

2-3 Stocks

1-2%

Intraday

Momentum PicksIntraday

10%

30-50%

Momentum PicksPositional

25%

8-10%

6-8 Per Month

5-8%

1 Month

Stocks on the move

25%

12-15%

6-8 Per Month

10-12%

3 Months

Gladiator Stocks

35%

15-20%

20-30%

6 Months


Cash

Opportunity based

MOMENTUM PICK

Recommended product wise allocation

5% 100%

-

February 9, 2018


22

Candlesticks Glossary

MOMENTUM PICK

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 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 session’s 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 session’s 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 session’s 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 body—warns 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 session’s price opens over the prior session’s high (or above the prior session’s close). By the end of the second session, it closes near the low of the session and should fall well into the prior session’s 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. However, the remark Continuation Pattern refers to bullish or bearish candlestick patterns which suggest continuation of existing trend

February 9, 2018


23

MOMENTUM PICK Head – Research

[email protected]


Pankaj Pandey

ICICIdirect.com Research Desk, ICICI Securities Limited, 1st Floor, Akruti Trade Centre, Road No 7, MIDC, Andheri (East)

Mumbai – 400 093 [email protected]

February 9, 2018


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Disclaimer Terms & conditions and other disclosures: ICICI Securities Limited (ICICI Securities) is a full-service, integrated investment banking and is, inter alia, engaged in the business of stock brokering and distribution of financial products. ICICI Securities Limited is a SEBI registered Research Analyst with SEBI Registration Number – INH000000990.ICICI Securities is a wholly-owned subsidiary of ICICI Bank which is India’s largest private sector bank and has its various subsidiaries engaged in businesses of housing finance, asset management, life insurance, general insurance, venture capital fund management, etc. (“associates”), the details in respect of which are available on www.icicibank.com ICICI Securities is one of the leading merchant bankers/ underwriters of securities and participate in virtually all securities trading markets in India. We and our associates might have investment banking and other business relationship with a significant percentage of companies covered by our Investment Research Department. ICICI Securities generally prohibits its analysts, persons reporting to analysts and their relatives from maintaining a financial interest in the securities or derivatives of any companies that the analysts cover. The information and opinions in this section have been prepared by ICICI Securities and are subject to change without any notice. 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. While we would endeavour to update the information herein on reasonable basis, ICICI Securities is under no obligation to update or keep the information current. Also, there may be regulatory, compliance or other reasons that may prevent ICICI Securities from doing so. Non-rated securities indicate that rating on a particular security has been suspended temporarily and such suspension is in compliance with applicable regulations and/or ICICI Securities policies, in circumstances where ICICI Securities might be acting in an advisory capacity to this company, or in certain other circumstances. The research recommendations are 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. These research recommendations and information herein is solely for informational purpose and shall 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. ICICI Securities will not treat recipients as customers by virtue of their receiving these recommendations. Nothing in this section 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 herein 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 judgment by any recipient. The recipient should independently evaluate the investment risks. The value and return on investment may vary because of changes in interest rates, foreign exchange rates or any other reason. ICICI Securities accepts no liabilities whatsoever for any loss or damage of any kind arising out of the use of these recommendations. Past performance is not necessarily a guide to future performance. Investors are advised to see Risk Disclosure Document to understand the risks associated before investing in the securities markets. Actual results may differ materially from those set forth in projections. Forward-looking statements are not predictions and may be subject to change without notice.

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We /I, Dharmesh Shah, Nitin Kunte, Ninad Tamhanekar, Pabitro Mukherjee, Vinayak Parmar Research Analysts, authors and the names subscribed to this report, hereby certify that all of the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report.

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 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, Nitin Kunte, Ninad Tamhanekar, 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 mentioned herein as of the last day of the month preceding the publication of these research recommendations. 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. 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

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ICICI Securities or its associates might have received any compensation from the companies mentioned herein during the period preceding 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.

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