Daily Calls December 18, 2015

Daily Calls December 18, 2015 Market Outlook Sensex Daily Candlestick Chart We said, "Post Fed, the index can be positive if it strengthens above the Grey channel..." Initially reluctant, the index later strengthened above the Grey channel in the second half. It finished a hefty 309 points or 1.2% higher, powered by the RIL and HDFC twins. All sectors ended positive but metals shone as a sector. The A/D ratio strengthened to 5:1. The action formed a bigger, fourth consecutive Bull candle, which is a record since July. After breaking above the Grey channel, the index is now testing the gap-down area of December 4. Strength/close above the gap-down area is required for re-confirming the positive bias. Otherwise, expect some profit-booking. Watch if the White line, at 25600-50, holds, or not. Source: ASA, ICICIdirect.com Research Recommendations for the day Scrip I-Direct Code Action Target Stoploss NIFTY NIFTY Sell in the range of 7860-7865 7830/7810 7880 Bajaj Auto BAAUTO Buy in the range of 2508.00-2512.00 2545.00/2565.00 2495.00 MindTree MINCON Buy above 1512.00 1532.00/1542.00 1502.00 Titan Company TITIND Sell below 354.00 348.00/345.00 357.10 * All recommendations are for current month futures 1

Sell Nifty December Future in the range of 7860-7865 Target: 7830/7810 Stop loss: 7880 Deal Team At Your Service Nifty Technical Picture (Spot) Nifty Intraday Short Term Trend Range bound Range bound Trend Reversal Support 7790-7760 7450 Resistance 7855-7890 8000 20 Days EMA 7788 200 days EMA 8086 Nifty Future Daily Candlestick Chart Nifty Future Recommendation CMP : 7856.40 Comment : Premium on NF increased from 7 points to 12. NF breaks Grey channel, now testing gap-down area of 4th Dec.Reverse if holds the Blue support line at around 7780 Action : Sell in the range of 7860-7865 Targets : 7830/7810 Stop-loss : 7880 Source: ASA, ICICIdirect.com Research 2

Gladiator Stock Recommendation Stocks Buy Bajaj Auto December Future in the range of 2508.00-2512.00 Target: 2545.00/2565.00 Stop loss: 2495.00 CMP : 2530.00 Triangular breakout on daily charts signalling further upsides in coming sessions Comment : Triangular breakout on daily charts and RSI in rising trajectory Action : Buy in the range of 2508.00-2512.00 Targets : 2545.00/2565.00 RSI in rising trajectory suggests positive trend in price Stop-loss : 2495.00 Buy MindTree December Future above 1512.00 Target: 1532.00/1542.00 Stop loss: 1502.00 CMP 1510.70 Short term range breakout indicates bullish bias in the coming session Comment : Short term range breakout and MACD in buy mode in daily Action : Buy above 1512.0 Targets : 1532.00/1542.00 Stop-loss : 1502.00 MACD in rising trajectory suggests upward momentum Source: Bloomberg, ICICIdirect.com Research 3

Gladiator Stock Recommendation Stocks Sell Titan Company December Future below 354.00 Target: 348.00/345.00 Stop Loss: 357.10 CMP 354.50 Price reacting lower after facing resistance at higher band of channel indicates further downsides in coming sessions Comment : Price reacting lower after facing resistance at higher band of channel and drsii in sell mode Action : Sell below 354.00 Targets : 348.00/345.00 RSI in downward trajectory thus validates negative trend in price Stop-loss : 357.10 Source: Bloomberg, ICICIdirect.com Research 4

Market Activity Global Currencies, Commoditiy & Bond Yields Spot Close Prev.close % Chg Rupee ( ) 66.421 66.726 0.46 Dollar Index 99.046 99.270-0.22 Euro 1.083 1.083 0.07 British Pound 1.491 1.490 0.02 Japanese Yen 122.510 122.560 0.05 Australian ($) 0.713 0.713 0.03 Swiss Franc 0.995 0.996 0.10 Domestic Indices Global Indices Indices Close Change Change% S&P BSE Sensex 25803.78 309.41 1.21 CNX Nifty 7844.35 93.45 1.21 Nifty future 7856.40 98.20 1.27 S&PBSE 500 10469.47 135.95 1.32 S&PBSE Midcap 10910.70 167.7070 1.56 S&PBSE Smallcap 11559.19 195.79 1.72 Indices Close Change Change% Dow Jones 17495.84-253.25-1.43 Nasdaq 5002.56-68.58-1.35 FTSE 6102.54 41.35 0.68 DAX 10738.12 268.86 2.57 Hang Seng 21793.29-80.97-0.37 Nikkeii 19263.2020-80.20-0.41 SGX Nifty 7808.50-52.00-0.66 * Asian Market as at 7:30am Nifty Heat Map Closing Yield (%) Previous Yield (%) India 10 year 7.71 7.71 Tata 257.1 Tata 64.8 48.2 92.4 Vedanta 87.2 IDFC NMDC US 10 Year 2.22 2.22 Steel 51% 5.1% power 44% 4.4% 41% 4.1% 39% 3.9% Ltd 37% 3.7% EURO 10 Year 0.60 0.68 81.3 Yes 721.1 Bajaj 2,531.1 1,009.7 Hindalco RIL M&M 1,247.6 GBP 10 Year 1.85 1.95 3.5% Bank 3.2% Auto 3.2% 3.2% 2.4% JPY 10 Year 0.29 0.29 Sun 802.3 Hero 2,655.0 Ambuja 198.2 HDFC 1,241.0 2,897.9 Ultratech Pharma 2.3% Moto 2.3% Cement 2.0% Ltd 1.8% 1.8% Close Prev. Close %Chg Indusind 949.1 230.9 HCL 860.5 135.6 122.5 SBI NTPC PNB Gold/ounce 1055.39 1051.10 0.39 Bank 1.7% 1.6% Tech 1.6% 1.5% 1.4% Copper /ton 4543.00 4605.00-1.35 2,439.8 530.0 Kotak 703.2 HDFC 1,080.3 1,296.2 TCS Tech M. L&T Brent Crude/barrel 36.94 37.06-0.32 1.3% 1.3% Bank 1.3% Bank 1.2% 1.2% Asian 876.1 864.3 1,107.1 4,666.8 Power 134.6 HUL Infosys Maruti Paints 1.1% 1.0% 1.0% 1.0% Grid 0.9% Institutional Activity 642.9 Tata 383.0 Bharti 322.4 1,356.2 169.1 Cash Segment ( Cr) FII DII Cipla ACC BHEL 0.7% Motors 0.7% Airtel 0.6% 0.5% 0.5% 17-Dec-15 638.0-366.2 Dr 3,018.0 ICICI 253.2 320.5 Grasim 3,736.7 556.1 16-Dec-15-503.2 1,024.0 ITC Wipro Reddy 0.4% Bank 0.4% 0.4% Ind 0.3% 0.2% 15-Dec-15 48.7 273.9 Bank of 160.0 904.0 United 2,989.4 343.4 Coal 316.1 BPCL GAIL 14-Dec-15-157.1 386.5 Baroda 0.1% 0.0% Spirits -0.1% -0.2% India -0.2% 11-Dec-15 253.7 292.9 1,822.5 Axis 435.6 224.8 133.8 Cairn 130.0 Lupin ONGC IDEA -0.3% Bank -0.6% -0.8% -0.9% India -1.0% Source: Bloomberg, ICICIdirect.com Research 5

Trend Scanner Deal Team At Your Service Positive Trends Scrip Name Close % Change 10-day SMA Delivery (%) Dabur India Ltd 275.5 2.2 271.405 68.25 Dewan Housing Finance Corp Ltd 228.6 5.7 217.22 51.13 Indian Hotels Co Ltd 111.75 4.0 107.535 62.51 Mphasis Ltd 496.8 4.3 479.26 53.09 Petronet LNG Ltd 243.3535 09 0.9 242.57 54.5959 Negative Trends Scrip Name Close % Change 10-day SMA Delivery (%) Idea Cellular Ltd 133.75-0.9 134.69 50.41 Titan Industries Ltd 353.15-0.6 360.135 44.84 SKF India Ltd 1166-0.5 1210.47 61.35 Candlestick Pattern Bullish Candlestick Formations Bearish Candlestick Formations Scrip Name Pattern name LTP Scrip Name Pattern name LTP Reliance Industries Continuation 1009.7 Idea Cellular Dark Cloud Cover 133.8 Asahi India Engulfing 163.3 Bosch Continuation 18341.5 Strides Arcolab Engulfing 1301.1 Titan Continuation 353.2 Indian Hotel Engulfing 111.8 Tata Steel Continuation 257.1 Arvind Continuation 322.4 Overbought Stocks Oversold Stocks Scrip Name LTP Scrip Name LTP Infosys 1107.1 Dish TV 94.1 Maruti 4666.8 PNB 122.5 Voltas 303.3 Market Breadth BSE NSE Stocks hitting 52 week high Stocks hitting 52 week low 26% 7% 67% 17% 3% 80% Scrip Name LTP Scrip Name LTP Bajaj Finance 5740.0 Orissaamine 1910.4 Essar Oil 225.1 SKF India 1170.0 ICIL 1086.9 Kajaria Ceramic 967.2 Source: Bloomberg, ICICIdirect.com Research 6

Previous Deal Team Day s Performance At Your Service Scrip Product Strategyt Recommended d Price Targets SL Gain/Loss %* Comment Nifty Future Buy In range of 7745-7755 7785/7810 7730.00 60 Points Target 2 achieved Voltas Future Buy above 302.00 308/311 299.00 - No trade CESC Future Sell below 501.00 492/487 506.10-1.00 Stoploss triggered * Return Opportunity Stock gain: Avg -1.00% per trade (Cum. Profits over last 171 days: 218.00%) Strike Rate for the day: 0/1 (Cum strike rate over 171 days: 226/375 Nifty Points gained for the day: 60 Points Gains over last 172 days: 902 points NOTE: The follow-up and performance review table of the strategies indicates the profit opportunity that was available in the strategies. Individual profits may vary, depending di upon the entry and exit price and stop losses Source: NSE India, ICICIdirect.com Research 7

Supports and Resistance Table ( Cash Levels) SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND SENSEX 25803.78 25749.1 25653.4 25557.65 25940.6 26003.75 26066.85 +ve NIFTY 7844.35 7828 7799.15 7770.3 7885.65 7904.6 7923.5 +ve ACC 1356.2 1356.6 1352.9 1349.15 1364 1368.55 1373.1 +ve ADANI ENTER. 80.05 79.65 78.55 77.5 81.75 82.3 82.85 +ve ADANI PORT 256.3 255.8 254.4 253 258.65 260.1 261.55 +ve ADITYA BIRLA 2015.2 2009.7 1998.5 1987.3 2032.05 2042.2 2052.4 +ve AJANTA PHARMA 1299.2 1297.2 1291.85 1286.45 1307.95 1318.4 1328.85 +ve ALLAHABAD BANK 69.45 69.35 69.05 68.75 69.9595 70.5 711 71.1 +ve AMARA RAJA BATT. 854.95 854.05 851.3 848.55 859.55 861.8 864.05 +ve AMBUJA CEMENT 198.15 197.6 196.45 195.3 199.95 200.6 201.3 +ve AMTEK AUTO 50.9 50.5 49.6 48.75 52.25 52.85 53.45 +ve ANDHRA BANK 63.7 63.6 63.3 63 64.2 64.65 65.1 +ve APOLLO HOSP.ENT. 1424.45 1419.95 1409.4 1398.85 1441 1452 1463 +ve APOLLO TYRES 153.65 153 151.75 150.45 155.55 156.3 157 +ve ARVIND 322.3535 320.2525 316.05 31185 311.85 328.65 330.95 333.25 +ve ASHOK LEYLAND 89.2 89 88.65 88.25 89.8 90.3 90.75 +ve ASIAN PAINTS 876.1 874.5 870.85 867.25 881.75 887.95 894.15 +ve AUROBINDO PHARMA 832.7 831.75 828.3 824.9 838.6 842.3 846.05 +ve AXIS BANK 435.55 430.1 428.15 426.15 436.2 439.25 442.3 -ve BAJAJ AUTO 2531.1 2520.3 2498.75 2477.25 2563.35 2572.55 2581.8 +ve BAJAJ FINANCE 5736.8 5722 5688.3 5654.55 5789.45 5820.9 5852.3 +ve BOI 117.3 117.2 116.75 116.3 118.15 118.75 119.35 +ve BATA INDIA 498.8 496.5 490.95 485.4 507.6 511.35 515.1 +ve BHARAT ELECTRON. 1204.65 1205.85 1201.7 1197.55 1214.1 1224.95 1235.75 +ve BHARAT FORGE 839.15 836.1 832.7 826.4 842.85 846.2 852.5 Neutral BPCL 903.95 896.95 890.15 883.3 905.25 909.4 913.5 -ve BHARTI AIRTEL 322.4 322.35 321.25 320.2 324.45 327.65 330.85 +ve BHEL 169.05 168.6 167.45 166.3 170.9 171.9 172.95 +ve BRITANNIA IND. 2910.75 2895.55 2868.5 28415 2841.5 2949.5 297125 2971.25 2993 +ve CAIRNS INDIA 130 128.05 126.35 124.65 130 131 131.95 -ve CANARA BANK 242.75 242.5 241.55 240.6 244.45 245.4 246.4 +ve CASTROL INDIA 434.3 433.4 431.55 429.65 437.2 438.95 440.7 +ve CEAT 1036.4 1033.05 1024.95 1016.85 1049.25 1056.9 1064.55 +ve CENTURY TEXT. 578.8 576.6 572.15 567.65 585.5 591.45 597.4 +ve CESC 508.7 507.3 504.05 500.85 513.8 520.4 527.05 +ve Source: NSE India, ICICIdirect.com Research 8

Supports and Resistance Table ( Cash Levels) SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND CIPLA 642.9 642.15 640 637.8 646.45 648.2 649.9 +ve COAL INDIA 316.05 313.5 311.65 309.8 316.1 317.4 318.65 -ve CROMPTON GREAVES 190.4 189.65 188.1 186.55 192.75 193.55 194.35 +ve DEWAN HOUSING F. 228.6 226.9 223.9 220.9 232.95 234.6 236.25 +ve DISH TV 94.1 94.05 93.55 93 95.15 95.9 96.7 +ve DIVI'S LAB. 1130.45 1129.2 1125.05 1120.85 1137.5 1144.05 1150.55 +ve DLF 115.35 115.05 114.35 113.7 116.45 118 119.55 +ve DR.REDDY'S LAB. 3017.95 3024.4 3011.05 2997.7 3051.1 3064.8 3078.5 +ve EXIDE IND. 145.15 144.7 143.85 143.05 146.4 147.2 148 +ve FEDERAL BANK 55.15 55.2 54.9 54.55 55.85 56.35 56.8 +ve GAIL 343.35 338.7 333.7 328.75 344.75 347.75 350.8 -ve GRASIM 3736.65 3733.6 3722.35 3711.1 3756.1 3767.65 3779.2 +ve HAVELL'S INDIA 306.25 305.75 304.15 302.55 309 311 313 +ve HCL TECH 860.45 858.9 854.65 850.35 867.4 871.75 876.05 +ve HDFC BANK 1080.25 1078.35 1073.6 1068.85 1087.85 1091.35 1094.85 +ve HDFC 1240.95 1236.2 1227.6 1219 1253.35 1257.45 1261.5 +ve HERO MOTO 2654.95 2647.8 2631.05 2614.3 2681.3 2694.35 2707.4 +ve HEXAWARE TECH. 241.25 240.85 239.75 238.7 243 244.15 245.3 +ve HINDALCO 81.3 80.9 80.15 79.4 82.4 82.9 83.4 +ve HIND. UNILEVER 864.25 860.45 854.05 847.6 873.3 877.25 881.15 +ve HPCL 830.25 827.77 824.2525 816.8585 834.6 838.05 845.55 Neutral IBULL HSG FIN 712.3 708.8 702.15 695.55 722.05 728.8 735.6 +ve IDBI 87.45 86.85 85.75 84.65 89.1 89.8 90.5 +ve IDEA CELLULAR 133.75 132.15 131.15 130.15 133.9 134.8 135.65 -ve INFRA DEV FINANC 48.2 48.1 47.4 46.75 49.45 49.9 50.4 +ve IND.FIN.CORP.OF 26.3 26.2 25.95 25.7 26.65 26.9 27.15 +ve INDUSIND BANK 949.05 946.25 940.65 935.05 957.45 963.25 969.05 +ve INDIA CEMENTS 87.4 87.05 86.3 85.55 88.6 89.25 89.99 +ve INDRAPRASTHA GAS 498.65 496.5 492.65 483.2 504.15 508 517.45 Neutral IOC 430.05 429.6 428.35 427.1 432.1 435.6 439.05 +ve IB REAL ESTATE 61.15 60.95 60.35 59.8 62.05 62.75 63.45 +ve INFOSYS 1107.1 1104.35 1098.9 1093.45 1115.25 1120.4 1125.5 +ve IRB INFRA. 245.85 245.15 243.4 241.6 248.65 250.7 252.75 +ve ITC 320.5 320 318.65 317.3 322.75 324.35 326 +ve Source: NSE India, ICICIdirect.com Research 9

Supports and Resistance Table ( Cash Levels) SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND JINDAL ST&POW 92.1 91.75 90.85 90 93.55 94.2 94.9 +ve JSW ENERGY 81 80.65 79.9 79.2 82.1 83.25 84.4 +ve JSW STEEL 1047.8 1042.65 1031.5 1020.3 1065 1072.95 1080.9 +ve JUBILANT FOOD 1460.15 1453.3 1435.1 1416.95 1489.7 1499.85 1510.05 +ve KAVERI SEEDS.COM 381.95 380.5 378.6 375.75 384.25 386.1 389 Neutral KOTAK MAH.BANK 703.2 701.05 696.9 692.75 709.35 712.6 715.85 +ve L & T 1296.2 1294.35 1289.8 1285.25 1303.4 1309.35 1315.25 +ve LIC HOUSING 485.3 484.35 482.5 480.7 487.95 490.7 493.45 +ve LUPIN 1822.5 1796.8 1786.25 1775.75 1822.1 1834.75 1847.4 -ve M & M 1247.55 1240 1225.3 1210.6 1269.4 1289.55 1309.7 +ve MARUTI SUZUKI 4666.75 4653.3 4627 4600.75 4705.9 4719.15 4732.45 +ve MINDTREE 1505.8 1504.05 1494.4 1484.75 1523.35 1530.25 1537.15 +ve M&M FIN.SERV. 248.75 246.9 243.4 239.95 253.9 255.6 257.35 +ve MOTHERSON SUMI 288.2 287.05 284.85 282.6 291.5 293.35 295.15 +ve NMDC 92.35 91.9 90.9 89.9 93.9 94.4 94.9 +ve NTPC 135.55 135.45 134.95 134.4 136.55 137.5 138.45 +ve OIL INDIA 376.65 377.2 375.25 373.25 381.2 385.15 389.1 +ve ONGC 224.8 221.1 218.45 215.8 224.25 225.8 227.4 -ve OBC 136.75 136.65 135.8 134.9 138.4 139.55 140.65 +ve PAGE INDUSTRIES 13165.45 13087 13015 12927.15 13230.9 13302.85 13390.7 Neutral PETRONET LNG 243.35 335 242.9 241.95 240.95 095 244.85 246.45 248.05 805 +ve PIDILITE INDUSTRIES 543.8 542 539.85 536.45 546.25 548.35 551.8 Neutral POWER FINANCE 215.7 214.75 212.95 211.1 218.4 220.35 222.3 +ve PTC INDIA 61.6 61.4 60.8 60.2 62.65 63.15 63.7 +ve PNB 122.5 122.55 122 121.4 123.65 124.55 125.4 +ve RCOM 83 82.9 82.5 82.1 83.7 84.5 85.3 +ve REL. CAPITAL 402.95 401.8 399.1 396.4 407.2 410.5 413.8 +ve RELIANCE INFRA. 442.2 440.8 438.1 435.4 446.25 451.4 456.6 +ve RELIANCE 1009.7 1005.3 996.05 986.8 1023.8 1027.3 1030.85 +ve RELIANCE POWER 50.65 50.5 50.15 49.8 51.15 51.7 52.2 +ve REC 221.85 221.2 219.9 218.55 223.8 225.45 227.1 +ve SAIL 48.05 47.65 46.9 46.15 49.15 49.45 49.7 +ve SHRIRAM TRANS. 803.1 803.25 800 796.75 809.75 815.45 821.2 +ve SIEMENS 1179.5 1180.65 1176.35 1172.05 1189.2 1194.45 1199.65 +ve Source: NSE India, ICICIdirect.com Research 10

Supports and Resistance Table ( Cash Levels) SCRIP CLOSE S1 S2 S3 R1 R2 R3 TREND SKS MICRO FIN. 483.6 481.4 476.9 472.45 490.35 494.85 499.35 +ve SOUTH INDIAN BANK 19.3 19.15 19.1 19.05 19.35 19.45 19.5 - ve S.R.F. 1242.4 1233.95 1218.35 1202.75 1265.1 1273.85 1282.55 +ve SBI 230.9 230.75 229.75 228.8 232.7 234.1 235.45 +ve SUN PHARMA 802.25 800.35 796.1 791.85 808.85 812.75 816.65 +ve SUN TV 395.4 394.75 392.9 391 398.5 400.8 403.05 +ve SYNDICATEBANK 87.05 86.88 86.25 85.65 87.95 88.4 88.8585 +ve TATA COMM. 418.85 417.2 414.4 411.6 422.8 424.4 425.95 +ve TATA CHEM. 395.65 390.2 388.45 386.7 395.85 398.65 401.5 -ve TATA MOTOR DVR 282.75 282.45 280.8 279.15 285.7 287 288.35 +ve TATA MOTORS 382.95 382.5 379.75 377 387.95 391 394.05 +ve TATA POWER 64.75 64.4 63.7 63.05 65.7 66.2 66.65 +ve TATA GLOBAL BEV. 142.2 141.3 139.7 138.05 144.55 145.8 147.05 +ve TCS 2439.75 2432.9 2420 2407.05 2458.7 2468.4 2478.05 +ve TECH MAHINDRA 530 528.8 525.9 523 534.55 537.35 540.1 +ve TATA STEEL 257.1 255.4 252.45 249.45 261.35 263.3 265.3 +ve TITAN IND. 353.15 349.8 346.45 343.05 353.25 354.95 356.65 -ve TVS MOTOR 287.55 286.7 284.75 282.85 290.55 292 293.5 +ve UCO BANK 44 43.95 43.7 43.4 44.5 44.7 44.95 +ve ULTRATECH CEMENT 2897.85 2890.45 2875.65 2860.9 2920 2936.7 2953.45 +ve UBI 148.4 148.4 147.65 146.9 149.95 150.9 151.8 +ve UNITED PHOSPH. 427.05 425.7 422.7 419.75 431.65 433.3 434.95 +ve VOLTAS 303.3 298.15 296.2 294.3 302.55 304.75 306.95 -ve WIPRO 556.1 556 554.65 553.35 558.65 560.3 561.95 +ve WOCKHARDT 1628.2 1621.8 1605.3 1588.85 1654.8 1666.25 1677.7 +ve YES BANK 7211 721.1 718.95 714.4545 709.9595 728 734.6 7412 741.2 +ve ZEE 415.05 413.5 410.3 407.15 419.9 421.05 422.2 +ve Source: NSE India, ICICIdirect.com Research 11

Notes Please execute the recommendation within the levels provided in the report Once the recommendation is executed, it is advisable to keep strict stop loss as provided in the report Avoid entering into the recommendation in the first 5 minutes of trade If the recommendation opens near the target levels due to gap up/gap down opening, then the recommendation is considered not initiated The recommendations are valid only for the day and should be squared off by the end of the day Only stocks in derivatives segment have been considered for daily trading Medium to long-term prospects of a stock does not have any bearing on the daily view. Trading portfolio allocation It is recommended to spread out the trading corpus in a proportionate manner between the various technical research products Please avoid allocating the entire trading corpus to a single stock or a single product segment Within each product segment it is advisable to allocate equal amount to each recommendation For example: The Daily Calls product carries 3 to 4 intraday recommendations. It is advisable to allocate equal amount to each recommendation 12

Recommended product wise trading portfolio allocation Product Allocations Product wise Max allocation in allocation 1 Stock Number of Calls Return Objective Frontline Stocks Mid Cap Stocks Duration Daily Calls 8% 2-3% 3-4 Stocks 0.5-1% 2-3% Intraday Short term Delivery 6% 3-5% 7-10 Per Months 4-5% 7-10% Opportunity Based Weekly Calls 8% 3-5% 1-2 Stocks 5-7% 7-10% 1 Week Weekly Technicals 8% 3-5% 1-2 Stocks 5-7% 7-10% 1 Week Monthly Call 15% 5% 2-3 Stocks 7-10% 10-15% 1 Month Monthly Technical 15% 2-4% 5-8 Stocks 7-10% 10-15% 1 Month Techno Funda 15% 5-10% 1-2 Stocks 10% and above 15% and above 6 Months Technnical Breakout 15% 5-10% 1-2 Stocks 10% and above 15% and above 3-6 Months Cash 10% - 100% 13

Candlesticks Glossary: Deal Team At Your Service 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 h suggest continuation of existing trend 14

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

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