ICICISec2 20180407

Momentum Picks
MOMENTUM PICK
New recommendations Open Recommendations
Date Scrip I-Direct Code Action Initiation Range Target Stoploss Duration
6-Apr-18 Nifty NIFTY Buy 10300.00-10310 10353.00 10,283.00 Intraday Gladiator Stocks
6-Apr-18 LIC Housing Finance LICHF Buy 564.50-565.50 570.40/575.80 559.80 Intraday
6-Apr-18 Hindustan Zinc HINZIN Buy 312.70-313.70 316.20/319.40 310.20 Intraday Scrip Action
5-Apr-18 PNC Infratech PNCINF Buy 178.00-181.00 205.00 166.00 30 Days Eicher Motors Buy
EIH Ltd Buy
Indian Hotels Buy
Open recommendations Duration: 6 Months
Date Scrip I-Direct Code Action Initiation Range Target Stoploss Duration
3-Apr-18 KEC International KECIN Buy 400.00-406.00 457.00 377.00 30 Days
Click here to know more…
26-Feb-18 Ipca Laboratories IPCLAB Buy 670.00-682.00 775.00 621.00 30 Days
13-Mar-18 Godrej Properties GODPRO Buy 770.00-777.00 850.00 715.00 30 Days Stocks on the Move
ICICI Securities – Retail Equity Research

Intraday recommendations are for current month futures. Positional recommendations are in cash segment
Scrip Action
Mahindra CIE Buy
Duration: 3 Months
Click here to know more…

April 6, 2018
For Instant stock ideas:
SUBSCRIBE to mobile notification on
ICICIdirect Mobile app…
Research Analysts
Dharmesh Shah Nitin Kunte, CMT Ninad Tamhanekar, CMT
dharmesh.shah@icicisecurities.com nitin.kunte@icicisecurities.com ninad.tamhanekar@icicisecurities.com
Pabitro Mukherjee Vinayak Parmar

pabitro.mukherjee@icicisecurities.com vinayak.parmar@icicisecurities.com
NSE (NIFTY): 10325
Technical Outlook NSE Nifty – Daily Candlestick Chart Domestic Indices

Benchmark indices staged a strong pullback fuelled by firm global Open High Low Close Indices Close Change Change%
PICK
cues as the Nifty recouped last session’s decline and ended at
MOMENTUMPICK
10325, posting its biggest gain of 197 points or 1.94% since May 10228.45 10331.80 10227.45 10325.15 S&P BSE Sensex 33596.80 577.73 1.75
2016. Broader markets outperformed as the Nifty Midcap and Small Nifty 50 10325.15 196.75 1.94
cap indices rose over 2%, each. As a result, the overall market
MOMENTUM
breadth was strong with an A/D ratio of 5:1. Sectorally, all indices Nifty 50 future 10352.20 205.60 2.03
ended in the green led by metal and PSU banking stocks.
S&PBSE 500 14483.13 263.57 1.85
The price action formed a significant bull candle carrying a higher Longest pullback since February peak
high-low, resulting in an acceleration of the uptrend across sectors. S&PBSE Midcap 16574.70 304.98 1.88
In line with our view, the Nifty found support from the 10100 (as
S&PBSE Smallcap 17775.19 325.44 1.87
pivot low of 10097 coinciding with 200 days EMA is at 10117) and Retraced
finally recorded a breakout from the falling channel, indicating an 38.2% SGX Nifty 10333.50 -21.00 -0.20
overnight turnaround of positive sentiment. As the bias has turned
positive, we expect Nifty to head towards 10450 in coming weeks * SGX Nifty at 7:30 am
Retraced
being confluence of: < 61.8%
 The placement of mid-March swing high at 10478 10478
 38.2% retracement of 11171-9950 placed at 10417 Retraced Nifty Technical Picture
> 61.8%
The Nifty has corrected 11% from February peak 11172 and found Intraday Short term
support from 52 weeks EMA 9980. Going ahead, we expect the Trend

Nifty to extend consolidation towards 10450 and form a base in the
broad range of 10450 – 9950, which would pave the way fro next leg of Support 10280-10250 10100
up move. As we are entering the Q4 earning season, we believe the
focus will shift to stock specific action amid ongoing consolidation. Resistance 10345-10370 10450
Structurally, the overall price structure has improved as the current 10100 20 day EMA 10238
pullback (retracement) is larger (greater than 61.8%) than previous
200 EMA 200 day EMA 10133
two pullbacks (38.2% & less than 61.8%) recorded since February
peak 11172. The 61.8% retracement level of a major directional 9952
move acts as key catalyst, often triggering market reversals. We
believe the overnight turnaround of sentiments augurs well for the
next leg of the up move towards March highs (10478) in short-term.
The stochastic oscillator tilted sideways, indicating Nify Future Intraday Recommendation
negation of downward bias
The index has respected the key value area of 9950 and witnessed Action Buy
a strong bounce back. Hence, we believe the index will hold the Price Range 10300-10310
crucial support zone of 9900 being:
 The 38.2% retracement of the entire previous major rally of the Target 10353
CY17 from 7894 to 11171 is at 9920
 Since CY10, in four instances, intermediate corrections Stoploss 10283
following seven to nine weeks of consecutive higher high lows,
measured 9-12%, leading the way for resumption of the
uptrend. In the present scenario, a similar magnitude of
correction projects strong support around 9900
 Upward sloping trend line drawn adjoining March–December
2016 lows of 6826–7894, currently placed around 9940
Source: Bloomberg, ICICIdirect.com Research
April 6, 2018 ICICI Securities Ltd. | Retail Equity Research 2
Bank Nifty: 24759
Technical Outlook Bank Nifty Index – Daily Candlestick Chart Nifty Bank
The Bank Nifty witnessed a sharp rebound on Thursday as it Open High Low Close Indices Close Change Change%
MOMENTUM PICK
recouped its entire previous session’s decline and ended firmly Nifty Bank 24759.80 630.30 2.61
higher by more than 2.5% on the back of strong global cues. 24394.45 24824.90 24380.85 24759.80
All 12 index constituents ended in the green signalling strength 27652
in the up move. The Bank Nifty index ended at 24759, up by 630
points or 2.6% for the session.
The index started the session on a strong note on the back of Nifty Bank Technical Picture
positive global cues and moved higher in initial trade to form a Intraday Short term
high of 24577. The index, thereafter, consolidated in a range of
80 points prior to the RBI’s monetary policy outcome. The index Trend
resumed its fresh up move post the RBI policy as it gained from Support 24650-24520 24000
strength to strength and formed an intraday high of 24824 in
late trade. The up move was broad based as the PSU Bank Nifty Resistance 24825-24940 25200
and private Bank Nifty ended up 4.9% and 2.6%, respectively. 25723
20 day EMA 24494
The price action formed a strong bullish candle with a higher 200 day EMA 24513
high and higher low compared to the previous session
indicating a positive bias as the index ended firmly above the 25009
immediate resistance area of 24700. A strong closing above the

resistance area signals extension of the current pullback
towards 25200 in coming weeks.
Nifty Bank vs. Nifty
We expect the Bank Nifty to extend the time wise consolidation
and oscillate between the broader range of 24000 and 25200 2.51
while the focus will shift to stock specific action as we enter the 24048 10900
Q4 earnings season. 2.47
Daily Stochastics is oscillating in a
The short-term resistance for the index is seen around 25200 as narrow range indicating continuation of 23605 10500
it is the confluence of the following technical observation: 2.43
the consolidation in the short term
 The 38.2% retracement of the entire decline from 27652 to 2.39 10100
23605 is placed around 25150 levels
 The bearish gap area of February 28, 2018 around 25200 2.35 9700
5-Oct 5-Dec 5-Feb 5-Apr
The immediate short-term support is placed in the range of
24100-24000 region as it is the confluence of the long term 52
Bank Nifty / Nifty Nifty
weeks EMA and the low of the current week
Daily Stochastics is oscillating in a narrow range indicating
continuance of the consolidation in the short term.

Stock Picks
Duration: Intraday
LIC Housing Finance (LICHF) – Daily Candlestick Chart Technical Observations
CMP 566.30
MOMENTUM PICK
Price rebound after taking support at recent breakout area suggest further northward
journey in coming sessions
Action Buy
Price rebound after taking

Rationale
support at recent breakout area
Stochastic(5,3,S,3) in rising trajectory suggest positive bias

Initiation Range 564.50-565.50
Target 570.40/575.80
Stop Loss 559.80

Hindustan Zinc (HINZIN) – Daily Candlestick Chart Technical Observations
Price rebounding from 200 days EMA and a trendline breakout
signaling positive bias CMP 313.50
Action Buy
Price rebounding from 200 days

Rationale EMA and a trendline breakout in
daily chart
14 period RSI in rising trajectory suggest bullish bias Initiation

312.70-313.70
Range
Target 316.20/319.40
Stop Loss 310.20

Stock Picks
Duration: 30 days
Buy PNC Infratech (PNCINF) in the range of 178.00-181.00 Target: 205.00 Stop Loss: 166.00 Technical Observations
• The share price of PNC Infratech
MOMENTUM PICK
The stock is in strong uptrend forming higher peak and higher trough and has recently 228 80% retracement of entire remains in an uptrend forming a
witnessed a sharp rebounded taking support at the major value area signalling a reversal of decline @ 211 rising peak and rising trough on the
the secondary corrective phase and offers fresh entry opportunity weekly chart. The stock has rallied
to an all-time high of | 228 in
December 2018. Since then, it has
168 been in a corrective decline for the
last three months. The recent price
activity suggests the corrective
134 148 decline has approached maturity
52 weeks EMA and the stock is likely to resume
130 fresh up move
• The stock has recently rebounded
100 Bullish crossover in 14 periods RSI supports positive bias from the support area of | 150-155
being the confluence of the 52
weeks EMA and 80% retracement of
the previous up move (| 130 - 228).
• The sharp up move in the last two

weeks from the support area signals
a reversal of the corrective trend
and offers a fresh entry opportunity
• We expect the stock to continue
with its current up move and test
levels of | 211 being the 80%
retracement of the entire decline (|
228 – 148)
Recommendation initiated on i-click to gain
at 09:41 on April 5, 2018

Stock Picks
Duration: 30 days
Buy KEC International (KECIN) in the range of 400.00-406.00 Target: 457.00 Stop Loss: 377.00 Technical Observations
138.2% external retracement of
• The share price of KEC International
MOMENTUM PICK
previous decline @ 460
The stock is in strong uptrend and is seen resuming uptrend after base formation at the is in a secular up trend forming a
support area of | 380 as it is the confluence of 50 days EMA and 50% retracement of 437 rising peak and rising trough in all
the previous up move time frames. The stock rallied from
| 320 to all-time high of | 437 during
391 February 2018 and, thereafter,
entered a corrective decline in the
376 last four weeks to work off
overbought conditions developed
50 days EMA after the sharp up move
320 • During the corrective decline, the
stock formed a base around the
support area of | 380 being the
285
Bullish crossover in 14 periods RSI supports positive bias confluence of the 50 days EMA and
the 50% retracement of the previous
up move (| 320 to 437). Time wise
the stock has already taken more
than four weeks to retrace just 50%
of the previous four weeks up move

from | 320 to 437 signalling robust
price structure
• Based on the above technical
observations, we expect the stock to
move higher and test levels of | 460
in the coming month being the
138.2% external retracement of the
recent decline (| 437 to 376)
at 09:41 on April 3, 2018

Stock Picks
Duration: 30 days
Buy Godrej Properties (GODPRO) in the range of 770.00-777.00 Target: 850.00 Stop Loss: 715.00 Technical Observations
912 The breakout from falling trend line augur well for pullback • The share price of Godrej Properties
MOMENTUM PICK
was consolidating in a broader
849 Upper band of broader range of | 728–859 over two months
consolidation around 850
• During two months consolidation,
the stock has taken support from the
gap area of January 8, 2018 on
multiple occasions, indicating sturdy
base formation around | 728
728 728 732 • Currently, it registered a breakout
from falling trend line drawn
adjoining subsequent high of | 912–
849 supported by above average
volumes, indicating termination of
intermediate correction
Bullish crossover of RSI Oscillator augur well for pullback
• Among oscillators, RSI found
support from one year long support
base of 35 and pointing upward,

confirming base formation
• The stock is likely to head higher in
the near-term towards | 850 as it is
the placement of identical highs
coinciding with upper band of
broader consolidation range of | 859
- 728
at 12:03 on March 13, 2018

Stock Picks
Duration: 30 days
Buy Ipca Laboratories (IPCLAB) in the range of 670.00-682.00 Target: 775.00 Stop Loss: 621.00 Technical Observations
• The share price of Ipca Labs was
MOMENTUM PICK
consolidating in a sideways range of
Upper band of upward sloping | 400–650 over 18 months, that took
The fresh breakout from Double Bottom formation augur well for next leg of up move channel @775 the shape of a double bottom
formation
644 658
• Last week, the price recorded a
breakout from the aforementioned
double bottom formation, supported
by above average volumes,
indicating trend reversal
• Among oscillators, MACD
continues to inch upward,
404 400 confirming double bottom breakout
• The stock is likely to head higher in
the near-term towards | 775 as it is
MACD Oscillator is inching upward, confirming trend reversal the upper band of upward sloping
channel, while support remains near

38.2% retracement level of current
up move (| 518–689) around | 621
at 14:59 on February 26, 2018

Market Activity Report
Global Currency, Commodities and Bold Yield performance Global Equity Market Performance
1 Day % 5 Day % 1 Month % 3 Months %
Value
MOMENTUM PICK
Change Change Change Change Hong Kong -3.3
0.9
Currency China 0.3
-0.2
Japan 0.6
USD INR 64.96 0.28 0.33 0.23 -2.45 -0.3
India 1.3
1.7
EURO USD 1.23 0.14 -0.54 -1.19 2.42 1.6
Brazil 1.0
GBP USD 1.40 0.09 0.01 0.92 3.30 US 2.8
1.0
Germany 2.8
JPY 107.11 0.26 -0.77 -0.91 5.58 2.9
UK 2.8
2.4
Swiss Franc 0.96 0.17 -0.82 -2.20 1.59 France 3.1
2.6
Dollar Index 90.34 -0.14 0.20 0.80 -1.76 -4.0 -2.0 0.0 2.0 4.0
% Change
Commodities 5 Day Change 1 Day Change

Gold 1,332.1 0.42 0.50 -0.19 0.88
Advance Decline
2500
Brent 67.9 -0.60 -3.34 3.24 0.44
2000
Copper 6,780.8 1.35 2.64 -1.36 -4.21
1500
Silver 16.4 -0.02 0.42 -1.94 -4.07
1000
Yield (%) bps Change
500
India 10 Year Bond 7.1 -5.97 -27.12 -65.09 -19.25
0
US 2.8 -2.20 7.12 -7.63 33.38 26-Mar 27-Mar 28-Mar 2-Apr 3-Apr 4-Apr 5-Apr
EURO 0.5 2.38 2.73 -15.02 8.54 Advances Declines
Japan 0.0 -0.20 -0.60 -1.20 -1.70

Market Activity Report
Sectoral Indices Performance Fund Flow activity of the last 5 sessions
1 Day % 5 Day % 1 Month % 3 Months %
Index Value
MOMENTUM PICK
Change Change Change Change FII
Sensex 33596.80 1.75 1.27 0.84 -1.63 1,200 1,094
Nifty 10325.15 1.94 1.38 0.74 -2.21 700

292
Rs Crore
BSE Auto 25323.15 1.76 5.14 5.07 -4.62 200
-300 -108
Bankex 27693.53 2.78 1.16 0.52 -4.30 -258
-475
Capital Goods 18897.17 1.83 2.15 1.64 -4.97 -800
28-Mar 2-Apr 3-Apr 4-Apr 5-Apr
Consumer
22056.74 1.85 -0.69 4.47 -7.12 Date
Durables
FMCG 10514.99 0.75 1.81 2.32 -1.85

Healthcare 13557.67 0.94 1.87 -1.69 -9.08 DII
2,500
IT 12295.70 1.55 1.30 -0.42 9.82
2,000 1,961
Metal 13653.13 4.14 0.40 -5.90 -12.76 1,500
Rs Crore
1,000
Oil & Gas 14700.43 1.26 0.65 -3.50 -9.03 615
500 413 479
Power 2185.56 1.25 1.73 0.67 -10.03 0
-500 -153
Realty 2281.22 2.55 1.21 -4.08 -12.91
28-Mar 2-Apr 3-Apr 4-Apr 5-Apr
Date
BSE 500 14483.13 1.85 1.87 1.18 -4.33
BSE Midcap
16489.95 1.88 2.75 1.99 -8.74
Index
BSE Small Cap 17775.19 1.87 3.63 0.70 -9.79

Trend Scanner
Heat Map Positive Trend Universe: NSE 500 Overbought Stocks
214.2 Vedanta 289.9 259.3 Bajaj 5,441.3 IBULHSG 1,340.2 % 20-Day Delivery Scrip Name LTP Stochastic
MOMENTUM PICK
Hindalco SBI Scrip Name Close
6.6% Ltd 5.7% 4.9% Finserv 4.1% FIN 3.7% Change SMA ( %) Bajaj Finance 1914.00 92.36
ICICI 278.7 Kotak 1,118.3 Tata 580.5 Bajaj 1,915.6 757.0 HDFC Bank 1908.90 1.36 1871.43 91.91 Hero Motocorp 3790 93.8
UPL
Bank 3.7% Bank 3.7% Steel 3.6% Finance 3.5% 3.3% Muthoot Finance 432.3 87
TVS Srichakra 3449.05 0.18 3350.40 85.49
1,094.3 Hero 3,782.2 29,677.8 1,328.8 Yes 313.1 EIH Ltd 166.65 2.93 165.17 83.21
Grasim Eicher L&T
3.3% Moto 3.1% 2.6% 2.5% Bank 2.5%
TCS 2957.95 1.62 2899.62 68.52 Oversold Stocks
774.6 Adani 376.0 Axis 503.1 3,966.6 Indusind 1,837.0 Scrip Name LTP Stochastic
M&M Ultratech
2.4% Ports 2.2% Bank 2.2% 2.2% Bank 2.1% PC Jeweller 297 13.6
1,147.6 586.1 Tata 362.2 1,382.2 617.4 Can fin Home 439.6 10.8
Infosys Zee Ent. HUL TECHM
2.1% 2.0% Motors 1.9% 1.8% 1.8% Negative Trend Universe: NSE 500
422.5 920.1 286.3 2,958.0 Bajaj 2,808.2 % 20-day Delivery
BPCL Titan Wipro TCS Scrip Name Close
1.8% 1.7% 1.7% 1.6% Auto 1.5% Change SMA (%)
908.2 786.7 169.0 173.6 HDFC 1,908.9 Narayana Hrudayalaya 288.75 -0.22 291.02 82.22 52 Weeks High
RIL Lupin NTPC IOC
1.5% 1.5% 1.4% 1.4% Bank 1.4% Cipla 560.35 -1.66 562.45 55.21 Scrip Name LTP

9,132.6 332.4 348.4 Coal 277.8 HDFC 1,824.5 Apollo Tyre 291.0
Maruti GAIL HPCL
1.3% 1.3% 1.2% India 1.2% Ltd 1.2% Dmart 1399.4
177.5 Sun 507.6 Dr 2,111.1 Asian 1,142.9 259.7 Indigo 1448.0
ONGC ITC
1.2% Pharma 1.1% Reddy 0.9% Paints 0.6% 0.4%
Nelco 197.3
Bharti 338.1 HCL 962.1 Power 196.3 Bharti 393.9 560.4
Cipla
Infratel 0.3% Tech 0.3% Grid 0.1% Airtel -0.3% -1.7% 52 Weeks Low
Scrip Name LTP
Bullish Candlestick Pattern Bearish Candlestick Pattern
BRFL 38
Scrip Name Pattern name LTP Scrip Name Pattern name LTP
CCL Engulfing 290.0 Eid parry Engulfing 276.6
PNC Infra Continuation 184.5 VTL Dark cloud cover 1241.0
Eicher Motors Continuation 29678.0 Star Continuation 663.0
Bajaj Finserv Continuation 5500.0 Cipla Continuation 560.0

Supports and Resistance ( Cash Levels)
Scrip Name Trend Close S1 S2 S3 R1 R2 R3
Nifty 50 Positive 10325.15 10258 10191 10154 10363 10399 10467
MOMENTUM PICK
S&P BSE SENSEX INDEX Positive 33596.8 33365 33131 32995 33734 33871 34104
Nifty Bank Positive 24759.8 24485 24211 24041 24929 25099 25373
Nifty 50 Futures Positive 10357 10287 10217 10180 10393 10429 10499
Nifty Bank Futures Positive 24842.25 24542 24242 24073 25010 25178 25478
ACC LTD Neutral 1552.35 1540 1527 1518 1563 1573 1586
AMBUJA CEMENTS Negative 238 236 234 232 240 242 245
ADANI POWER LTD Neutral 25.5 26 25 26 27 27 27
ADANI ENTERPRISE Neutral 147.85 131 115 104 158 169 184
ADANI PORTS AND Positive 375.95 372 368 364 381 384 389
AJANTA PHARMA Neutral 1395.4 1384 1371 1359 1408 1421 1433
ASHOK LEYLAND Neutral 147 145 144 143 148 150 151
ALLAHABAD BANK Positive 51.7 50 49 47 52 53 55
AMARA RAJA BATT Neutral 803.5 801 797 792 809 813 817
ANDHRA BANK Positive 44.2 43 42 41 45 46 47

APOLLO HOSPITALS Neutral 1083.7 1074 1066 1058 1091 1100 1108
ASIAN PAINTS LTD Neutral 1142.9 1135 1127 1116 1154 1165 1174
APOLLO TYRES LTD Positive 292.5 287 280 276 298 302 309
AUROBINDO PHARMA Positive 599.15 593 586 582 604 608 615
ARVIND LTD Positive 409.6 405 400 397 413 416 421
AXIS BANK LTD Positive 503.1 497 492 488 507 510 516
BAJAJ FINANCE LT Positive 1915.6 1880 1845 1824 1936 1957 1992
BATA INDIA LTD Neutral 767.35 754 740 732 776 784 798
BEML LTD Neutral 1116.85 1103 1089 1078 1128 1139 1152
BHARAT FINANCIAL Positive 1127.8 1116 1102 1094 1137 1146 1159
BHARTI AIRTEL Negative 393.9 389 385 379 399 405 409
BHARAT ELECTRON Neutral 145.05 144 142 141 146 148 149
BHARAT HEAVY ELE Positive 87.2 86 86 85 88 88 89
BHARAT FORGE CO Neutral 726.9 721 716 710 732 738 743
BHARTI INFRATEL Neutral 338.05 332 326 321 342 346 352

BALKRISHNA INDS Positive 1705.75 1683 1660 1639 1727 1748 1771
MOMENTUM PICK
BIOCON LTD 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 137.55 136 135 133 139 141 142
BOSCH LTD Negative 20545.1 20370 20194 19938 20802 21058 21234
BHARAT PETROL Positive 471.3 464 456 450 478 484 492
BALRAMPUR CHINI 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 656.1 644 633 623 664 673 684
CAN FIN HOMES Positive 439.3 433 427 423 443 447 452
CANARA BANK Positive 283.1 270 256 245 294 304 318
CONTAINER CORP Neutral 1239.8 1227 1215 1198 1256 1273 1285

CADILA HEALTHCAR Positive 394.35 391 387 380 401 407 411
CEAT LTD Positive 1645.75 1606 1565 1542 1670 1693 1734
CENTURY TEXTILE Neutral 1201.3 1183 1166 1152 1214 1228 1245
CESC LTD Neutral 999.2 988 977 968 1009 1019 1030
CG POWER AND IND Neutral 80.3 79 79 78 80 81 82
CHOLAMANDALAM IN Neutral 1524.75 1505 1486 1471 1539 1554 1573
CIPLA LTD Neutral 560.35 553 546 533 574 586 594
COLGATE PALMOLIV Positive 1091.35 1080 1070 1060 1100 1110 1120
COAL INDIA LTD Positive 277.8 277 274 272 281 282 285
CASTROL INDIA Neutral 207.95 207 204 202 211 214 216
DABUR INDIA LTD Neutral 336.9 335 333 331 339 341 342
DALMIA BHARAT LT Positive 2919 2895 2869 2827 2962 3003 3029
DCB BANK LTD Neutral 170.3 169 167 166 172 173 176
DEWAN HOUSING Positive 540.3 532 523 516 547 553 562
DISH TV INDIA Neutral 71.6 70 70 68 71 72 73

DIVI LABS LTD Neutral 1118.7 1105 1091 1080 1131 1142 1156
MOMENTUM PICK
DLF LTD Neutral 206.25 203 200 198 208 210 213
DR REDDY'S LABS Positive 2111.1 2094 2076 2056 2133 2154 2172
EICHER MOTORS Positive 29677.75 29269 28860 28620 29918 30158 30567
ENGINEERS INDIA Neutral 166.6 163 160 157 168 170 173
EQUITAS HOLDINGS Neutral 150 147 146 144 150 152 154
ESCORTS LTD Neutral 891.95 885 877 871 899 905 912
EXIDE INDUS LTD Positive 236.15 232 227 223 240 245 249
FED BANK LTD Positive 93.5 92 91 90 94 95 96
FORTIS HEALTHCAR Positive 137.85 131 124 121 142 146 152
GAIL INDIA LTD Positive 332.4 330 327 324 336 339 342
GODREJ CONSUMER Neutral 1085.8 1076 1068 1056 1097 1108 1117
GODREJ INDUSTRIE Neutral 555.25 543 530 523 563 570 583
GMR INFRASTRUCTU Neutral 18.85 19 19 18 19 19 20
GLENMARK PHARMA Positive 556.55 548 541 531 566 575 583

GODFREY PHILLIPS Negative 856.45 842 828 816 867 879 893
GRANULES INDIA Neutral 106.9 106 105 104 108 109 110
GRASIM INDS LTD Positive 1094.25 1073 1052 1039 1106 1120 1140
GUJARAT STATE F Positive 125.2 124 121 120 128 129 132
HAVELLS INDIA Positive 512.65 510 506 502 517 520 525
HINDUSTAN CONST Neutral 24.9 25 24 24 26 26 26
HCL TECH LTD Positive 962.05 952 940 924 979 996 1007
HOUSING DEV FIN Neutral 1824.45 1814 1804 1796 1832 1840 1850
HDFC BANK LTD Neutral 1908.9 1894 1880 1870 1918 1928 1942
HOUSING DEVELOPM Neutral 41.45 40 40 39 41 42 42
HEXAWARE TECHNOL Neutral 400.8 398 395 391 406 410 413
HERO MOTOCORP LT Positive 3782.15 3722 3663 3626 3818 3855 3914
HINDALCO INDS Positive 214.15 209 203 200 218 221 227
HINDUSTAN PETRO Neutral 348.35 346 343 341 351 353 356
HINDUSTAN UNILEV Positive 1382.2 1368 1355 1347 1389 1397 1410

HINDUSTAN ZINC Positive 313.5 310 306 302 317 320 324
MOMENTUM PICK
INDIABULLS REAL Positive 189.5 185 180 176 193 196 201
INDIA CEMENTS Positive 155.45 152 149 148 157 159 161
ICICI BANK LTD Positive 278.65 270 263 258 282 287 295
INDO COUNT INDS Neutral 99.05 98 97 96 100 101 103
IDBI BANK LTD Neutral 72.3 71 70 69 73 74 75
IDEA CELLULAR Neutral 76.9 76 75 75 78 79 80
IDFC LTD Positive 52.4 51 50 50 53 54 54
IDFC BANK LTD Positive 49.5 48 48 47 49 50 51
IFCI LTD Neutral 21 21 20 20 21 22 22
INDRAPRASTHA GAS Positive 289.85 283 277 272 294 299 306
INDIABULLS HOUSI Positive 1340.15 1314 1288 1270 1358 1376 1402
INDUSIND BANK Positive 1836.95 1818 1800 1789 1848 1860 1878
INDIAN BANK Positive 317.3 308 300 294 323 328 337
INTERGLOBE AVIAT Positive 1448.85 1411 1374 1350 1472 1496 1533

INFIBEAM INCORPO Positive 163.4 161 158 157 166 168 171
INFOSYS LTD Positive 1147.55 1135 1121 1113 1157 1165 1179
INDIAN OIL CORP Neutral 173.55 172 171 169 174 175 177
ICICI PRUDENTIAL Neutral 393.75 391 387 384 398 401 404
IRB INFRASTRUCTU Neutral 241.15 239 235 232 245 247 251
ITC LTD Neutral 259.65 256 254 252 261 263 265
JET AIRWAYS IND Neutral 625.3 619 611 606 632 637 645
JAIN IRRIGATION Neutral 114.35 113 111 110 116 117 119
JAIPRAKASH ASSOC Neutral 19.85 20 19 19 21 21 21
JINDAL STEEL & P Positive 235.9 229 221 216 241 246 254
JSW STEEL LTD Positive 308.4 303 297 294 311 315 320
JSW ENERGY LTD Positive 83 83 81 81 84 85 86
JUBILANT FOODWOR Neutral 2335.35 2318 2302 2289 2347 2360 2376
JUST DIAL LTD Neutral 466.15 459 454 446 473 480 486
KARNATAKA BANK Positive 122.7 121 119 118 124 125 126

KAJARIA CERAMICS Neutral 571.6 567 562 558 576 580 585
MOMENTUM PICK
CUMMINS INDIA Negative 744.05 732 721 713 752 761 772
KOTAK MAHINDRA Positive 1118.3 1095 1072 1059 1132 1145 1168
KPIT TECHNOLOGIE Neutral 221.1 220 218 217 222 224 225
KAVERI SEED Neutral 502.25 497 493 489 505 509 513
LIC HOUSING FIN Positive 563.35 548 533 525 572 581 596
LUPIN LTD Neutral 786.7 780 775 770 790 795 801
LARSEN & TOUBRO Positive 1328.8 1315 1301 1291 1339 1349 1363
L&T FINANCE HOLD Positive 171.5 165 159 156 175 179 185
MAHANAGAR GAS LT Positive 1012.15 995 979 962 1028 1045 1061
MAX FINANCIAL SE Neutral 458.95 453 446 440 465 470 477
MCX INDIA LTD Neutral 741.2 733 724 718 748 754 763
MANAPPURAM FINAN Positive 118.4 117 115 114 121 122 124
MAHINDRA & MAHIN Neutral 774.6 767 760 753 781 788 796
M&M FIN SERVICES Positive 486.65 474 461 452 495 503 516

MARICO LTD Neutral 323.75 320 315 310 330 335 340
MRF LTD Positive 77012.56 75943 74872 74244 77642 78270 79341
CHENNAI PETROLEU Neutral 339.8 336 331 328 343 347 351
MANGALORE REFINE Neutral 111.5 112 111 110 113 114 115
MARUTI SUZUKI IN Positive 9132.6 9068 9005 8961 9176 9221 9284
MOTHERSON SUMI Positive 338.85 336 333 329 343 347 351
MINDTREE LTD Neutral 805.95 794 783 777 812 819 830
MUTHOOT FINANCE Positive 432.75 424 414 409 439 444 454
NATIONAL ALUMIN Positive 72.05 71 70 70 73 74 74
NBCC INDIA LTD Neutral 207.45 206 205 204 208 209 210
NESTLE INDIA LTD Positive 8393 8366 8340 8319 8413 8434 8460
NHPC LTD Negative 28.75 29 28 28 30 30 30
NIIT TECH LTD Neutral 879.85 871 862 853 888 896 905
NCC LTD Positive 129.5 127 126 124 131 133 134
NMDC LTD Neutral 117.85 118 117 116 119 119 120

NTPC LTD Positive 168.95 168 166 165 171 172 174
MOMENTUM PICK
ORIENTAL BANK OF Positive 97.05 93 91 88 98 101 103
ORACLE FINANCIAL Negative 3918.8 3864 3809 3742 3986 4053 4108
OIL INDIA LTD Neutral 217.5 216 215 213 218 219 220
OIL & NATURAL GA Neutral 177.45 176 175 174 179 179 181
PAGE INDUSTRIES Positive 24055.2 23273 22489 22029 24516 24975 25759
PC JEWELLER LTD Negative 296.15 291 285 277 305 313 318
PIDILITE INDS Neutral 966.35 957 950 940 975 984 992
PIRAMAL ENTERPRI Positive 2540.4 2488 2436 2401 2575 2610 2663
PETRONET LNG LTD Neutral 232.45 231 230 229 233 234 236
PUNJAB NATL BANK Positive 97 96 94 93 99 100 102
POWER FINANCE Neutral 88.1 87 86 86 89 90 91
PTC INDIA LTD Positive 94.35 93 91 90 96 97 100
PVR LTD Negative 1256.2 1233 1209 1187 1279 1301 1325
POWER GRID CORP Neutral 196.25 196 195 193 198 199 200

RBL BANK LTD Neutral 496.5 493 489 486 500 503 507
RELIANCE CAPITAL Positive 451.35 443 435 429 458 465 473
RELIANCE COMMUNI Positive 23.3 22 21 19 24 26 27
REC LIMITED Positive 130.25 129 127 126 132 133 135
RELIANCE INFRAST Positive 452.2 446 438 432 459 465 473
REPCO HOME FINAN Positive 606.55 599 591 581 617 627 635
RELIANCE INDS Neutral 908.2 904 901 898 911 914 917
RELIANCE POWER Neutral 42.65 43 41 41 44 45 46
RAYMOND LTD Neutral 962 949 936 926 971 980 994
STEEL AUTHORITY Neutral 75.25 74 73 73 76 77 78
STATE BANK IND Positive 259.3 252 245 240 264 269 276
SHRIRAM TRANSPRT Positive 1538.15 1481 1425 1392 1570 1603 1659
SOUTH INDIAN BK Positive 24.5 23 23 22 24 25 25
SIEMENS LTD Positive 1124.85 1119 1113 1105 1133 1141 1147
SYNDICATE BANK Positive 59.85 57 56 54 60 62 64

SHREE CEMENT Neutral 16689.3 16416 16144 15963 16869 17050 17322
MOMENTUM PICK
SREI INFRASTRUCT Positive 81.55 80 77 76 84 85 87
SRF LTD Positive 2029.35 2005 1980 1954 2056 2082 2107
STRIDES SHASUN L Negative 653.55 628 602 562 694 734 759
SUZLON ENERGY Neutral 11.65 12 12 12 12 12 13
SUN PHARMA INDU Neutral 507.55 505 501 497 513 517 521
SUN TV NETWORK Neutral 873.05 866 860 853 879 886 892
TATA STEEL LTD Neutral 580.45 572 564 558 587 592 601
TATA COMMUNICATI Neutral 654.95 647 640 632 661 668 676
TATA CONSULTANCY Positive 2957.95 2930 2904 2887 2974 2990 3017
TECH MAHINDRA LT Neutral 617.35 607 598 591 623 630 640
TATA ELXSI LTD Neutral 1020.3 1014 1007 1000 1028 1035 1041
TATA GLOBAL BEVE Neutral 273 271 269 266 277 280 282
TORRENT POWER LT Positive 242.5 238 234 231 245 248 251
TATA POWER CO Neutral 83.5 83 83 82 85 85 86

RAMCO CEMENT/THE Positive 794.8 767 740 718 816 838 865
TORRENT PHARMA Positive 1327.2 1302 1276 1260 1344 1360 1385
TITAN CO LTD Neutral 920.05 908 895 887 929 937 951
TATA CHEMICALS Positive 715.6 710 703 693 726 736 743
TATA MOTORS LTD Positive 362.2 358 352 345 370 378 383
TV18 BROADCAST L Neutral 68.75 68 68 67 70 70 71
TVS MOTOR CO LTD Positive 649.1 644 637 631 656 663 669
UNITED BREWERIES Positive 991.65 976 960 948 1005 1016 1033
UJJIVAN FINANCIA Positive 379.55 368 357 349 386 393 405
UNION BANK INDIA Positive 100.35 98 94 92 104 106 110
UNITED SPIRITS Neutral 3251.95 3208 3165 3139 3277 3303 3346
UPL LTD Neutral 756.95 749 741 736 763 767 776
ULTRATECH CEMENT Positive 3966.6 3928 3889 3863 3993 4019 4058
VEDANTA LTD Positive 289.9 282 275 271 294 299 305
V-GUARD IND LTD Neutral 230 228 226 224 231 234 235

VOLTAS LTD Neutral 631.2 625 618 613 637 642 649
MOMENTUM PICK
WOCKHARDT LTD Neutral 766.15 758 749 741 776 785 794
WIPRO LTD Positive 286.25 283 281 280 287 289 291
YES BANK LTD Neutral 313.05 308 304 301 316 320 324
ZEE ENTERTAINMEN Positive 586.1 579 572 567 591 596 603

Forthcoming Economic Event Calendar
Date Event Date Event
US China
MOMENTUM PICK
6-Apr Change in Nonfarm Payrolls 7-Apr Foreign Reserves
6-Apr Change in Private Payrolls 10-Apr Money Supply M2 YoY
6-Apr Change in Manufact. Payrolls 10-Apr Aggregate Financing CNY
7-Apr Consumer Credit UK
India 6-Apr Unit Labor Costs YoY
12-Apr CPI YoY 9-Apr Halifax House Prices MoM
12-Apr Industrial Production YoY 11-Apr Industrial Production MoM

Momentum Picks: Strategy Follow up
Duration: Intraday
Date Scrip Idirect Code Strategy Recommended Price Targets SL Gain/Loss % Comment
MOMENTUM PICK
5-Apr-18 Nifty NIFTY Buy 10245.00-10255.00 10298 10228 - No trade(Opened at target)
5-Apr-18 Hindustan Unilever HINLEV Buy 1360.00-1362.00 1373.30/1385.30 1349.5 - No trade(Opened at target)
5-Apr-18 TVS Motors TVSMOT Buy 651.00-652.00 657.40/663.70 645.4 0.20 Closed at 652.50

Gladiator Stocks: Open Recommendations
Date Scrip Name Strategy Recommendation Price Target Stoploss Time Frame
9-Jan-18 Reliance Industries Buy 925-945 1,070.00 865.00 6 month
MOMENTUM PICK
23-Jan-18 VST Industries Buy 3090-3120 3,840.00 2770.00 6 month
23-Feb-18 Merck Buy 1475-1505 1,750.00 1370.00 6 month
3-Apr-18 Indian Hotels Buy 136-140 166.00 124.00 6 month
4-Apr-18 EIH Limited Buy 162-166 194.00 145.00 6 month
4-Apr-18 Eicher Motors Buy 28850-28980 32,200.00 27110.00 6 month
All the recommendations are in Cash segment

Back to Top

Stocks on the Move: Open Recommendations
Date Scrip Name Strategy Recommendation Price Target Stoploss Time Frame
27-Feb-18 Mahindra CIE Automotive Buy 233-238 270.00 205.00 3 Month
MOMENTUM PICK
All the recommendations are in Cash segment

Back to Top

Price history of last three years of the short
term recommendations
Ipca Laboratories Godrej Properties
MOMENTUM PICK
Tree

KEC International PNC Infratech
Tree Tree

Notes......
• 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
MOMENTUM PICK
• 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
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

Recommended product wise allocation
Allocations
Product Product wise Max allocation
MOMENTUM PICK
allocation In 1 Stock Number of Calls Return Objective Duration
Momentum Picks- 10% 30-50% 2-3 Stocks 1-2% Intraday

Intraday
Momentum Picks- 25% 8-10% 6-8 Per Month 5-8% 1 Month

Positional
Stocks on the move 25% 12-15% 6-8 Per Month 10-12% 3 Months
Gladiator Stocks 35% 15-20% Opportunity based 20-30% 6 Months
Cash

5%
100%

Candlesticks Glossary
Candlestick patterns describe the market sentiment for the specified period. Some of the formations suggest reversal of sentiment (trend) and, therefore, are important
for a chart reader. By themselves, the patterns do not carry any price target but only an indication of change in market behaviour. More importance needs to be given
MOMENTUM PICK
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

MOMENTUM PICK
Pankaj Pandey Head – Research pankaj.pandey@icicisecurities.com

ICICIdirect.com Research Desk,
ICICI Securities Limited,
1st Floor, Akruti Trade Centre,
Road No 7, MIDC,
Andheri (East)
Mumbai – 400 093
research@icicidirect.com

Disclaimer
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.
Terms & conditions and other disclosures:
MOMENTUM PICK
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.
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 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.

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

ICICISec2 20180407

Загружено:

Сведения о документе

Оригинальное название

Авторское право

Доступные форматы

Поделиться этим документом

Поделиться или встроить документ

Параметры публикации

Этот документ был вам полезен?

Это неприемлемый материал?

Авторское право:

Доступные форматы

ICICISec2 20180407

Загружено:

Авторское право:

Доступные форматы

Momentum Picks

ICICI Securities – Retail Equity Research

Click here to know more…

Pabitro Mukherjee Vinayak Parmar

Technical Outlook NSE Nifty – Daily Candlestick Chart Domestic Indices

ICICI Securities – Retail Equity Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICIdirect.com Research

LIC Housing Finance (LICHF) – Daily Candlestick Chart Technical Observations

Price rebound after taking

Stochastic(5,3,S,3) in rising trajectory suggest positive bias

Stop Loss 559.80

ICICI Securities – Retail Equity Research

Price rebounding from 200 days

14 period RSI in rising trajectory suggest bullish bias Initiation

Stop Loss 310.20

Source: Bloomberg, ICICIdirect.com Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICIdirect.com Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICIdirect.com Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICIdirect.com Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICIdirect.com Research

ICICI Securities – Retail Equity Research

EURO 0.5 2.38 2.73 -15.02 8.54 Advances Declines

Japan 0.0 -0.20 -0.60 -1.20 -1.70

Source: Bloomberg, ICICIdirect.com Research

Sensex 33596.80 1.75 1.27 0.84 -1.63 1,200 1,094

Nifty 10325.15 1.94 1.38 0.74 -2.21 700

FMCG 10514.99 0.75 1.81 2.32 -1.85

ICICI Securities – Retail Equity Research

Metal 13653.13 4.14 0.40 -5.90 -12.76 1,500

Source: Bloomberg, ICICIdirect.com Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICIdirect.com Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICIdirect.com Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICIdirect.com Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICIdirect.com Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICIdirect.com Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICIdirect.com Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICIdirect.com Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICIdirect.com Research

ICICI Securities – Retail Equity Research

ICICI Securities – Retail Equity Research

ICICI Securities – Retail Equity Research

All the recommendations are in Cash segment

ICICI Securities – Retail Equity Research

April 6, 2018 ICICI Securities Ltd. | Retail Equity Research 22

ICICI Securities – Retail Equity Research

April 6, 2018 ICICI Securities Ltd. | Retail Equity Research 23

ICICI Securities – Retail Equity Research

April 6, 2018 ICICI Securities Ltd. | Retail Equity Research 24

ICICI Securities – Retail Equity Research

Trading portfolio allocation