Momentum Picks

Momentum Picks
MOMENTUM PICK
New recommendations
Open Recommendations
Date Scrip I-Direct Code Action Initiation Range Target Stoploss Duration
22-Feb-18 Nifty NIFTY Sell 10380.00-10390.00 10335.00 10,405.00 Intraday Gladiator Stocks
22-Feb-18 TCS TCS Buy 3025.00-3030.00 3054.00/3084.00 2,998.80 Intraday
22-Feb-18 Amara Raja Batteries AMARAJ Sell 793.50-794.50 787.1/780.20 801.20 Intraday Scrip Action
21-Feb-18 First Source Solutions FIRSOU Buy 46.00-48.00 53.00 43.70 30 Days Tata Motors Buy
Maruti Buy
Open recommendations VST Industries Buy
Date Scrip I-Direct Code Action Initiation Range Target Stoploss Duration Duration: 6 Months
14-Feb-18 NCC NCC Buy 124.00-128.00 147.00 115.00 30 Days Click here to know more…
20-Feb-18 Prism Cement PRICE Buy 120.00-123.00 142.00 114.00 30 Days
Intraday recommendations are for current month futures. Positional recommendations are in Cash segment
ICICI Securities – Retail Equity Research

February 22, 2018
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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: (10397)
Technical Outlook NSE Nifty – Weekly Candlestick Chart Domestic Indices
Equity benchmarks snapped their three-day losing streak fuelled by Open High Low Close Indices Close Change Change%
PICK
positive Asian cues and strength in IT stocks. The Nifty ended at
MOMENTUMPICK
10426.00 10426.10 10349.60 10397.45 11172 S&P BSE Sensex 33844.86 141.27 0.42
10397, up 37 points or 0.36%. However, broader markets
underperformed as the Nifty midcap and small cap dropped 0.1 & Each corrective leg has lasted Nifty 50 10397.45 37.05 0.36
0.3%, respectively, resulting in weak market breadth.
MOMENTUM
for two -three weeks Nifty 50 future 10392.90 49.15 0.48
The price action formed second consecutive inside day candle, as
market oscillated within the previous session’s high/low range, S&PBSE 500 14509.55 26.79 0.18
indicating continuance of range bound activity. The Nifty is likely to
open on a negative note, tracking weak global cues, near lower S&PBSE Midcap 16574.70 -8.05 -0.05
band of the trading range. We expect index to hold lower band of S&PBSE Smallcap 17800.14 -30.90 -0.17
current consolidation near 10300 levels. However, considering
upcoming February F&O expiry may lead to elevated volatility. 10300 SGX Nifty 10330.00 -52.00 -0.50
Hence, even in case of a breach below 10276, we advise not to
panic as we expect demand to emerge around 10100-10000. * SGX Nifty at 7:30 am
10075
On the upside, only a decisive close above last two session’s
identical high (10430) supported by positive market breadth would Nifty Technical Picture
turn the bias positive, leading into an extended pullback to the
Intraday Short term
higher band of broader consolidation at 10600 in coming weeks.
We believe this consolidation (10300-10600) will make markets Trend

healthier and offer incremental buying opportunity.
Support 10320-10276 10276
The pullback off February low (10276) is at a slow pace, as the Nifty
retraced six session’s fall (11172 to 10276) by just 38.2% over 10 Resistance 10397-10430 10600
sessions. Even Nifty midcap & small cap indices have seen a
shallow pullback, retracing 50% of the last leg of declines. The 20 day EMA 10582
slower pace of up move warrants prolonging of ongoing 200 day EMA 10081
Weekly stochastic has approached oversold
consolidation, before a directional move emerges.
territory with a reading of 18, suggesting
Panic bottom of February 2018 at 10276, which is an immediate supportive efforts at lower levels
support is placed at the confluence of: Nify Future Intraday Recommendation
 Upward rising trend line joining lows of September 2017 (9688)
and December 2017 (10033) currently placed near 10350 Action Sell
 80% retracement of December-January rally, placed at10294 Price Range 10380-10390
Structurally, we believe the current decline is part of a bull market. Target 10335
Empirical evidence makes us believe the 10100-10000 zone will
attract decent buying support: Stoploss 10405
 Since CY10, on four instances, intermediate corrections
following seven to nine weeks of consecutive higher high lows,
measured 9-12%, leading way to resumption of uptrend. In the
present scenario, after seven weeks of higher high low, similar
magnitude of correction project strong support around 10000
 Gujarat election panic low of 10075 coinciding with placement
of 200 DMA at 10071
Source: Bloomberg, ICICI Direct.com Research
February 22, 2018 ICICI Securities Ltd. | Retail Equity Research 2
Bank Nifty Future (24929)
Technical Outlook Bank Nifty Index – Daily Candlestick Chart Nifty Bank Futures
Bank Nifty futures snapped their three session decline and Open High Low Close Indices Close Change Change%
MOMENTUM PICK
ended marginally higher on Wednesday. The near month Bank
24980.00 25010.50 24776.10 24928.80 Nifty Bank 24928.80 69.25 0.28
Nifty index ended at 24929, up by 69 points or 0.28%.
The index started the session positive and formed an intraday
high of 25010 in opening trade. It failed to sustain above 25000
and witnessed a sharp decline in the first half of the trade to
form a fresh weekly low of 24776 in midsession. The index, Nifty Bank Technical Picture
however, recovered in the second half of trade as it recouped Intraday Short term
its intraday decline and ended marginally higher at 24929. PSU
banking stocks witnessed a pullback for a second consecutive Trend
session after the recent decline as the PSU bank index ended up Support 24800-24710 24500
1.1% whereas the private bank index ended marginally up 0.2%
on Wednesday. Resistance 24930-25050 25900
The price action formed a small bearish candle with a lower 20 day EMA 25748
shadow which maintained a lower high and lower low 200 day EMA 24503
compared to previous session indicating continuance of the
25000
corrective bias. In the coming session, follow through weakness
below previous session’s lows (24776) will signal continuance of

24610
the corrective decline towards the major support area of 24600- 200 Days EMA
24500 in the coming week. The immediate bias in the index will
remain down till it continues to form a lower high and lower low Nifty Bank vs. Nifty
on the daily chart. Only a firm close above previous session’s 2.51
high (25010) will signal a pause in current down trend.
10900
Volatility is likely to remain high in the coming session on 2.47
The daily Stochastic continue to remain in downtrend, however it is
account of the monthly F&O expiry of February contracts. The currently placed in an oversold territory with reading of 14 and can 10500
index has immediate resistance around 25800-25900 being the lead to supportive effort at lower levels in the coming sessions 2.43
38.2% retracement of the recent decline (27661-24840), which
also coincides with the previous week high placed at 25830. 2.39 10100
The major short-term support is placed in the range of 24600-

24500 region as it is the confluence of the following: 2.35 9700
22-Aug 22-Oct 22-Dec 22-Feb
 The low of December 2017 around 24610
 The long term 200 days EMA placed at 24500 levels is likely Bank Nifty / Nifty Nifty
to act as major support in the short term
Among oscillators, the daily Stochastic continues to remain in
downtrend. However, it is currently placed in an oversold
territory with reading of 14 and can lead to supportive effort at
lower levels in coming sessions.
Stock Picks
Duration: Intraday
TCS (TCS) – Daily Bar Chart Technical Observations
MOMENTUM PICK
Price close above past nine sessions range suggest further upsides in CMP 3039.70
coming sessions
Action Buy
Price close above past nine

Rationale sessions range & bullish
crossover in RSI
14 period RSI generated bullish crossover suggest positive bias

Initiation Range 3025.00-3030.00
Target 3054.00/3084.00
Stop Loss 2998.80

Amara Raja Batteries (AMARAJ) – Daily Bar Chart Technical Observations
Price taking resistance from the 50 days EMA suggests further CMP 795.45
downward momentum in coming sessions
Action Sell
Price taking resistance from the

Rationale 50 days EMA and MACD genrated
a bearish crossover
Initiation
793.50-794.50
MACD generated a bearish crossover recently suggest bearish bias Range
Target 787.1/780.20
Stop Loss 801.20

Stock Picks
Duration: 30 days
Buy First Source Solution (FIRSOU) in the range of 46.00-48.00 Target: 53.00 Stop Loss: 43.70 Technical Observations
The stock is a the cusp of a trendline breakout joining major highs signaling strength and Price parity with previous • The share price of First Source
MOMENTUM PICK
provides fresh entry opportunity 53 up move @ 54 Solution is at the cusp of a major
trendline breakout joining the high
48 of July 2016 (| 53) and January 2018
(| 48) placed around | 47.50 levels
signalling strength and provides
fresh entry opportunity
37 • The stock has recently generated a
faster retracement of the last falling
31 segment as three weeks decline
from | 48 to | 37 was completely
Strong volume in the last three weeks pullback signals larger participation in direction of trend retraced in just two weeks indicating
strength and robust price structure
• The recent up move was
Weekly MACD in up trend and taking support at its nine period’s average thus supports the positive bias
accompanied by strong volume of
almost double of the 50 weeks
average volume of 182 lakhs share
per week indicating larger

participation in direction of trend
• The stock is likely to head higher
towards | 54 levels being the price
parity of the previous major up
move from 31 to 48 as projected
from the recent trough of | 37 levels
commendation initiated on i-click to gain at
14:24 on February 21, 2018

Stock Picks
Duration: 30 days
Buy Prism Cement (PRICE) in the range of 120.00-123.00 Target: 142.00 Stop Loss: 114.00 Technical Observations
159 • The share price of Prism Cement is
MOMENTUM PICK
The stock is placed near the major support area and is likely to witness a pullback in the 61.8% retracement
in strong uptrend forming higher
coming sessions thus provides fresh entry opportunity @ 142
peak and higher trough in the long
term chart. The stock formed all
time high of 159 during January
129 2018, since then it has witnessed a
corrective decline in the last five
weeks and is currently placed near
major support area thus provides
115 fresh entry opportunity
• The stock is forming base around
The stock rebounding from the
the major support area of | 115-120
major support area of | 115-120 :
as it is the short term trendline
- The rising trendline support
support joining the previous major
- The 52 weeks EMA
lows since December 2016 (|73) and
73
the 52 weeks EMA currently placed
at | 116 levels
• The stock after the current

Weekly RSI placed near its previous lows and is likely to support the pullback in price consolidation is likely to head higher
towards | 142 levels being the
61.8% retracement of the entire
decline (| 159 to 115)
• The weekly RSI is currently placed
near its previous lows and is likely to
support the pullback in price in
coming sessions
commendation initiated on i-click to gain at
14:47 on February 20, 2018

Stock Picks
Duration: 30 days
Buy NCC Ltd (NAGCON) in the range of 124.00-128.00 Target: 147.00 Stop Loss: 115.00 Technical Observations
123% External retracement level • The share price of NCC undergone
MOMENTUM PICK
141 of recent fall (141 -102) @150
The fresh breakout from falling trend line augur well for resumption of primary up trend secondary phase of correction, in
which it found support from | 102
levels as it is the 61.8% of last leg of
rally from Sept 2017 – Jan 2018 of |
81 – |141, placed around | 104 ,
corroborating with 200 DMA placed
102
at | 101
• At present, stock recorded breakout
Strong rebound from the major support area of 200 DMA
from downward sloping trend line
Robust Volumes drawn adjoining highs of | 141 - |
132, backed by heavy volumes,
indicating resumption of primary up
trend
RSI Oscillator is inching upward after witnessing hidden divergence
• On the oscillator front, RSI indicator
has been inching upward after
witnessing hidden divergence,
confirming aforementioned breakout

• The stock is likely to head higher in
the near-term towards |147 levels
being the 123% external
retracement level of the current
decline (| 141- | 102), while support
remains near 50% retracement level
of current up move (| 102 – |130)
placed around | 115
Recommendation initiated on i-click to gain
at 13:03 on February 14, 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 China -1.9
0.4
Currency India -0.9
0.4
USD INR 64.77 0.03 -1.06 -1.39 0.19 US 0.6
-0.7
UK 0.9
EURO USD 1.23 -0.08 -1.86 0.10 3.82 0.5
Japan 1.0
-1.3
GBP USD 1.39 -0.09 -1.37 -0.58 4.36
Germany 1.1
-0.1
JPY 107.43 0.33 -1.21 3.25 3.53 France 2.7
0.2
Brazil 3.0
Swiss Franc 0.94 0.00 -1.81 2.43 4.58 0.3
Hong Kong 5.3
1.8
Dollar Index 90.13 0.14 1.13 -0.30 -3.32
-8.0 -3.0 2.0 7.0
Commodities % Change
5 Day Change 1 Day Change

Gold 1,324.1 -0.04 -2.18 -0.74 2.48
Advance Decline
Brent 64.9 -0.84 0.84 -6.03 2.45
2500
Copper 7,078.0 0.43 -0.60 1.13 2.92
2000
Silver 16.5 -0.32 -2.44 -3.30 -4.05
1500
Yield (%) bps Change
1000
India 10 Year Bond 7.7 3.90 21.64 44.33 75.00
500
US 2.9 -1.28 2.77 28.71 61.85
0
EURO 0.7 -1.25 -3.48 15.43 37.15 12-Feb 14-Feb 15-Feb 16-Feb 19-Feb 20-Feb 21-Feb
Japan 0.1 0.45 -0.65 -1.85 3.85 Advances Declines

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
1,500
Sensex 33844.86 0.42 -0.91 -5.46 0.84
Nifty 10397.45 0.36 -0.99 -5.19 0.53 -400 -359
Rs Crore
-532
BSE Auto 24385.13 -0.19 -3.36 -6.46 -3.58 -1,251 -1,214
-2,300
Bankex 28142.34 0.29 -1.63 -8.08 -3.59
Capital Goods 18735.14 -0.58 -4.52 -8.87 2.19 -4,200 -3,838

15-Feb 16-Feb 19-Feb 20-Feb 21-Feb
Consumer Date
21117.10 -0.57 -0.87 -11.10 1.85
Durables
DII
FMCG 10513.40 0.75 -0.47 -3.37 2.02
1,600 1,437

Healthcare 13906.53 -1.20 -3.54 -7.08 -0.27 1,400 1,375
1,200 1,128
IT 12338.40 2.20 2.50 -1.21 15.26 1,000
Rs Crore
800
Metal 14867.42 -1.27 -2.55 -1.80 3.51 600 587
400
Oil & Gas 15456.23 0.42 -0.82 -3.20 -3.12 200 50
0
Power 2206.78 -0.31 -2.28 -6.87 -4.27 15-Feb 16-Feb 19-Feb 20-Feb 21-Feb
Date
Realty 2402.92 -0.79 -4.75 -10.13 0.93
BSE 500 14509.55 0.18 -1.71 -6.29 -0.28
BSE Midcap
16411.46 -0.05 -2.78 -8.20 -2.23
Index
BSE Small Cap 17800.14 -0.17 -3.75 -9.22 -0.30

Trend Scanner
Heat Map Positive Trend Universe: NSE 500 Overbought Stocks
942.9 595.2 3,042.3 268.2 190.2 % 10-Day Delivery Scrip Name LTP Stochastic
MOMENTUM PICK
HCL Tech Tech Mah TCS ITC ONGC Scrip Name Close
3.9% 3.7% 3.3% 1.9% 1.7% Change SMA ( %) Fortis Healthcare 155.5 89.6
Eicher 27,365.8 273.3 Bharti 338.1 312.4 1,147.4 Hindustan Zinc 316.20 0.25 302.95 71.92 BBTC 1533.7 86.1
SBI Yes Bank Infosys
Motors 1.7% 1.4% Infratel 1.2% 1.2% 0.9% Coal India 310.55 0.05 300.43 64.59
929.4 Kotak 1,055.1 535.8 Bank of 145.9 1,824.8 L&T Technology services 1367.45 8.25 1311.43 43.98
RIL Axis Bank HDFC Ltd
0.9% Bank 0.9% 0.8% Baroda 0.8% 0.7% Oversold Stocks
8,782.8 319.2 India Bulls 1,244.1 368.5 573.1 Scrip Name LTP Stochastic
Maruti ICICI Bank IOC Zee Ent
0.7% 0.6% Hsg Fin 0.5% 0.5% 0.4% Action Construction 180.2 18.8
Hero 3,490.8 Bharti 419.7 1,645.3 292.2 466.1 Advanced Enzymes 234 8.7
ACC Wipro GAIL Negative Trend Universe: NSE 500
Moto 0.4% Airtel 0.4% 0.3% 0.3% 0.2% Bajaj Auto 3012.6 12.8
Adani 395.6 2,165.9 Asian 1,127.2 310.6 Tata 86.4 % 10-day Delivery
Dr Reddy Coal India Scrip Name Close
Ports 0.2% 0.1% Paints 0.1% 0.0% power -0.1% Change SMA (%)
708.4 1,330.6 4,131.6 814.0 HDFC 1,857.4 EID Parry 313.30 -1.89 325.77 82.28
M&M HUL Ultratech Lupin 52 Weeks Low
-0.1% -0.1% -0.2% -0.2% Bank -0.3% Cipla 597.25 -1.03 602.34 48.33
Scrip Name LTP

Vedanta 327.6 Power 194.0 1,282.8 Auro 571.0 Ambuja 261.7
L&T Amber enterprises 1082
Ltd -0.3% Grid -0.5% -0.6% Pharma -0.7% Cement -0.8%
Navneet Education 132
597.3 162.3 447.6 3,012.6 19,160.1
Cipla NTPC BPCL Bajaj Auto Bosch IOC 368.5
-1.0% -1.2% -1.2% -1.2% -1.2%
Tata 364.5 641.0 Indusind 1,594.3 240.7 Sun 525.8
Tata Steel Hindalco
Motors -1.3% -1.6% Bank -1.8% -3.3% Pharma -6.0%
Bullish Candlestick Pattern Bearish Candlestick Pattern

Scrip Name Pattern name LTP Scrip Name Pattern name LTP
IFB Industries Engulfing 1362.0 Century Textile Engulfing 1171.3
Cholamandalam Engulfing 1381.6 Tv Today Engulfing 450.1
FSL Continuation 48.4 Jain Irrigation Engulfing 116.3
TCS Continuation 3042.3 Balrampur Chini Engulfing 114.4

Supports and Resistance ( Cash Levels)
Scrip Name Trend Close S1 S2 S3 R1 R2 R3
Nifty 50 Neutral 10397.45 10356 10315 10279 10432 10468 10509
MOMENTUM PICK
S&P BSE SENSEX INDEX Neutral 33844.86 33729 33611 33520 33938 34029 34146
Nifty Bank Negative 24936.7 24822 24708 24619 25026 25114 25229
Nifty 50 Futures Neutral 10392.9 10352 10313 10284 10421 10449 10489
Nifty Bank Futures Negative 24928.8 24800 24671 24565 25034 25139 25268
ACC LTD Positive 1645.25 1636 1626 1613 1659 1672 1682
AMBUJA CEMENTS Neutral 261.7 259 255 250 268 273 277
ADANI POWER LTD Neutral 31.35 30 30 30 31 32 32
ADANI ENTERPRISE Neutral 197.4 196 193 190 201 203 206
ADANI PORTS AND Positive 395.6 391 386 382 400 404 409
AJANTA PHARMA Neutral 1356.45 1323 1290 1269 1377 1398 1430
ASHOK LEYLAND Neutral 132.35 131 130 128 134 136 137
ALLAHABAD BANK Positive 52.45 51 50 49 53 54 55
AMARA RAJA BATT Negative 795.25 787 778 764 809 824 832
ANDHRA BANK Neutral 45.7 45 44 43 47 48 49

APOLLO HOSPITALS Neutral 1211.2 1185 1159 1142 1228 1245 1271
ASIAN PAINTS LTD Neutral 1127.2 1117 1107 1099 1135 1143 1153
APOLLO TYRES LTD Positive 262.15 258 254 249 267 272 276
AUROBINDO PHARMA Negative 571 561 551 541 581 591 602
ARVIND LTD Positive 398.35 392 385 380 404 409 417
AXIS BANK LTD Negative 535.8 528 519 513 542 547 556
BAJAJ FINANCE LT Neutral 1596.45 1570 1543 1499 1641 1685 1711
BATA INDIA LTD Neutral 704.65 697 689 675 718 731 740
BEML LTD Neutral 1204.6 1186 1168 1142 1230 1256 1274
BHARAT FINANCIAL Negative 969.2 958 947 928 989 1007 1019
BHARTI AIRTEL Positive 419.65 418 415 412 423 425 428
BHARAT ELECTRON Neutral 150.85 149 147 145 154 157 159
BHARAT HEAVY ELE Negative 91.7 90 89 87 93 95 96
BHARAT FORGE CO Positive 757.55 742 725 716 769 779 795
BHARTI INFRATEL Positive 338.05 335 330 328 342 344 349

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 Neutral 679 672 665 658 686 693 699
CAN FIN HOMES Neutral 518.45 512 507 502 522 527 532
CANARA BANK Neutral 311.7 305 299 294 316 321 327
CONTAINER CORP Neutral 1308.9 1284 1260 1243 1326 1342 1367

CADILA HEALTHCAR Negative 411.15 407 401 398 416 419 425
CEAT LTD Negative 1587.2 1565 1542 1507 1623 1658 1681
CENTURY TEXTILE Negative 1171.25 1152 1134 1106 1198 1226 1244
CESC LTD Positive 985.4 978 971 964 993 1001 1007
CG POWER AND IND Negative 82.25 81 81 80 83 83 84
CHOLAMANDALAM IN Positive 1381.6 1341 1301 1278 1404 1427 1467
CIPLA LTD Neutral 597.25 588 580 570 607 617 625
COLGATE PALMOLIV Positive 1080.75 1069 1057 1047 1091 1101 1113
COAL INDIA LTD Positive 310.55 306 302 299 313 316 320
CASTROL INDIA Positive 193.8 192 189 188 196 197 200
DABUR INDIA LTD Negative 334.5 331 327 321 341 347 351
DALMIA BHARAT LT Negative 2829.2 2812 2794 2770 2854 2878 2897
DCB BANK LTD Neutral 166.8 164 162 160 168 170 172
DEWAN HOUSING Positive 557.35 544 532 524 564 572 584
DISH TV INDIA Positive 72.9 73 71 71 74 75 76

DIVI LABS LTD Negative 1006.75 995 983 968 1023 1037 1050
MOMENTUM PICK
DLF LTD Negative 221 217 214 209 225 230 234
DR REDDY'S LABS Neutral 2165.9 2138 2109 2077 2199 2231 2261
EICHER MOTORS Positive 27365.75 27112 26860 26676 27548 27732 27985
ENGINEERS INDIA Neutral 163.55 161 158 154 168 172 175
EQUITAS HOLDINGS Negative 140 137 135 131 143 147 149
ESCORTS LTD Positive 858.25 852 844 837 867 874 882
EXIDE INDUS LTD Neutral 211 209 207 205 212 215 216
FED BANK LTD Negative 92 91 90 90 93 94 94
FORTIS HEALTHCAR Positive 155.5 149 143 138 160 165 171
GAIL INDIA LTD Neutral 466.1 462 460 456 469 472 475
GODREJ CONSUMER Neutral 1057.2 1051 1044 1038 1064 1070 1076
GODREJ INDUSTRIE Negative 540.7 537 534 530 544 548 552
GMR INFRASTRUCTU Negative 17.3 16 16 15 17 18 18
GLENMARK PHARMA Neutral 524.95 522 519 516 529 532 535

GODFREY PHILLIPS Negative 859.55 850 842 829 871 884 892
GRANULES INDIA Positive 115.05 115 113 112 118 119 120
GRASIM INDS LTD Positive 1110.6 1099 1086 1072 1126 1140 1153
GUJARAT STATE F Negative 129.2 128 127 125 131 133 134
HAVELLS INDIA Negative 506.35 500 495 489 512 517 523
HINDUSTAN CONST Negative 33.7 34 33 33 35 35 35
HCL TECH LTD Positive 942.9 920 898 884 956 970 992
HOUSING DEV FIN Neutral 1824.8 1817 1808 1801 1834 1842 1851
HDFC BANK LTD Negative 1857.4 1849 1843 1833 1866 1875 1882
HOUSING DEVELOPM Neutral 49.15 48 46 44 51 54 55
HEXAWARE TECHNOL Positive 345.85 338 330 325 351 356 365
HERO MOTOCORP LT Neutral 3490.75 3462 3432 3404 3520 3548 3578
HINDALCO INDS Negative 240.65 235 231 223 247 255 259
HINDUSTAN PETRO Neutral 386.9 380 373 369 391 395 403
HINDUSTAN UNILEV Negative 1330.6 1323 1315 1307 1339 1347 1355

HINDUSTAN ZINC Positive 316.2 315 313 311 319 321 323
MOMENTUM PICK
INDIABULLS REAL Positive 217.1 213 209 204 222 227 231
INDIA CEMENTS Negative 158 156 154 152 159 162 163
ICICI BANK LTD Negative 319.2 317 314 312 322 324 327
INDO COUNT INDS Negative 99.1 98 96 94 102 104 106
IDBI BANK LTD Positive 70.3 67 63 61 73 75 78
IDEA CELLULAR Positive 83.1 83 82 81 85 86 87
IDFC LTD Neutral 52.5 51 51 50 52 53 53
IDFC BANK LTD Negative 52.35 51 51 50 52 53 53
IFCI LTD Negative 22.55 23 22 22 24 24 24
INDRAPRASTHA GAS Positive 293.9 290 287 281 300 306 309
INDIABULLS HOUSI Negative 1244.05 1231 1218 1209 1254 1264 1277
INDUSIND BANK Negative 1594.25 1578 1561 1532 1624 1653 1670
INDIAN BANK Positive 326.45 317 309 301 334 341 350
INTERGLOBE AVIAT Negative 1274 1262 1249 1237 1287 1299 1312

INFIBEAM INCORPO Negative 159.35 159 158 157 161 162 164
INFOSYS LTD Positive 1147.4 1140 1134 1128 1152 1158 1164
INDIAN OIL CORP Neutral 368.5 364 359 355 374 377 383
ICICI PRUDENTIAL Positive 409.05 403 398 394 412 416 422
IRB INFRASTRUCTU Negative 221.55 218 214 211 224 228 231
ITC LTD Positive 268.2 265 262 260 271 273 276
JET AIRWAYS IND Negative 745.9 735 724 712 758 770 781
JAIN IRRIGATION Negative 116.3 114 112 109 118 122 123
JAIPRAKASH ASSOC Neutral 16.65 17 16 16 17 18 18
JINDAL STEEL & P Negative 247.3 241 236 229 253 260 265
JSW STEEL LTD Negative 298.3 292 287 279 305 313 318
JSW ENERGY LTD Negative 79.3 79 78 77 81 82 83
JUBILANT FOODWOR Negative 1990.3 1965 1940 1914 2016 2042 2067
JUST DIAL LTD Neutral 441.3 435 429 423 447 453 459
KARNATAKA BANK Neutral 132.15 131 130 128 135 137 138

KAJARIA CERAMICS Neutral 583.65 578 572 565 592 598 605
MOMENTUM PICK
CUMMINS INDIA Neutral 842.85 836 828 818 854 864 872
KOTAK MAHINDRA Neutral 1055.05 1045 1035 1027 1063 1071 1082
KPIT TECHNOLOGIE Positive 200.45 197 194 191 204 208 210
KAVERI SEED Positive 469.05 463 457 449 477 485 491
LIC HOUSING FIN Negative 511.55 506 500 495 518 524 529
LUPIN LTD Positive 813.95 808 802 792 825 834 841
LARSEN & TOUBRO Negative 1282.8 1274 1266 1254 1295 1308 1316
L&T FINANCE HOLD Negative 158.1 156 153 151 161 163 166
MAHANAGAR GAS LT Positive 993.8 983 973 961 1005 1017 1027
MAX FINANCIAL SE Positive 499.7 495 491 486 503 507 511
MCX INDIA LTD Positive 761 754 747 743 766 771 778
MANAPPURAM FINAN Negative 105.8 104 103 101 107 109 110
MAHINDRA & MAHIN Negative 708.4 700 693 685 715 723 730
M&M FIN SERVICES Positive 435.8 431 428 422 441 447 450

MARICO LTD Neutral 306.95 303 300 296 310 314 317
MRF LTD Positive 71787.06 70993 70200 69697 72289 72792 73585
CHENNAI PETROLEU Positive 358.15 353 349 342 364 371 375
MANGALORE REFINE Neutral 118.75 119 117 117 121 121 122
MARUTI SUZUKI IN Positive 8782.75 8729 8675 8642 8816 8849 8903
MOTHERSON SUMI Negative 314.1 308 303 293 323 333 338
MINDTREE LTD Positive 726.15 706 685 673 738 749 770
MUTHOOT FINANCE Negative 377.45 373 368 363 384 390 395
NATIONAL ALUMIN Negative 66.45 66 65 63 68 69 71
NBCC INDIA LTD Neutral 197.65 197 196 195 200 200 202
NESTLE INDIA LTD Positive 7597.55 7573 7548 7525 7622 7644 7670
NHPC LTD Neutral 27.25 27 27 26 27 27 27
NIIT TECH LTD Positive 795.35 770 745 730 810 825 850
NCC LTD Negative 123.7 122 121 119 125 127 128
NMDC LTD Negative 128.95 128 126 124 132 134 136

NTPC LTD Negative 162.3 161 160 158 165 167 168
MOMENTUM PICK
ORIENTAL BANK OF Positive 106.7 105 103 101 109 111 114
ORACLE FINANCIAL Positive 4072.75 4028 3982 3942 4114 4154 4200
OIL INDIA LTD Negative 343.15 339 336 331 347 352 354
OIL & NATURAL GA Neutral 190.15 187 183 181 193 195 199
PAGE INDUSTRIES Positive 22809.2 22560 22312 22093 23028 23248 23496
PC JEWELLER LTD Neutral 346 334 323 303 365 385 395
PIDILITE INDS Neutral 903.15 890 877 866 913 923 936
PIRAMAL ENTERPRI Negative 2639.95 2611 2582 2559 2663 2686 2715
PETRONET LNG LTD Positive 245.1 242 239 236 248 251 254
PUNJAB NATL BANK Positive 117.3 115 113 111 118 121 122
POWER FINANCE Negative 104.6 104 102 101 107 108 110
PTC INDIA LTD Neutral 98.65 97 96 94 100 102 103
PVR LTD Positive 1396.85 1382 1368 1344 1420 1444 1458
POWER GRID CORP Negative 193.95 192 191 190 195 197 197

RBL BANK LTD Negative 470.85 464 455 450 477 483 491
RELIANCE CAPITAL Negative 466.9 458 450 440 477 486 495
RELIANCE COMMUNI Neutral 28 28 27 27 28 29 29
REC LIMITED Negative 137.75 136 135 134 139 141 142
RELIANCE INFRAST Negative 443.4 437 430 422 451 458 465
REPCO HOME FINAN Negative 522.9 515 507 498 533 543 551
RELIANCE INDS Positive 929.35 924 918 913 934 938 944
RELIANCE POWER Neutral 43.85 43 42 40 45 46 48
RAYMOND LTD Neutral 943.9 933 922 906 960 976 988
STEEL AUTHORITY Negative 84.15 83 81 78 87 89 91
STATE BANK IND Neutral 273.3 270 265 263 277 279 283
SHRIRAM TRANSPRT Negative 1261.85 1242 1224 1194 1291 1322 1340
SOUTH INDIAN BK Positive 26.9 27 27 26 27 28 28
SIEMENS LTD Negative 1244.2 1231 1217 1203 1258 1271 1285
SYNDICATE BANK Positive 58.8 59 58 57 60 61 62

SHREE CEMENT Positive 17004.5 16889 16774 16677 17102 17200 17315
MOMENTUM PICK
SREI INFRASTRUCT Negative 77.7 75 74 71 79 82 84
SRF LTD Neutral 1878.7 1867 1855 1837 1897 1915 1927
STRIDES SHASUN L Negative 698.4 684 670 647 721 744 758
SUZLON ENERGY Negative 12.9 13 13 13 13 13 13
SUN PHARMA INDU Negative 525.75 503 481 451 555 585 606
SUN TV NETWORK Positive 932.85 916 899 888 944 955 973
TATA STEEL LTD Negative 640.95 630 620 608 653 666 676
TATA COMMUNICATI Negative 625.5 617 608 599 635 644 653
TATA CONSULTANCY Positive 3042.3 2981 2919 2879 3084 3125 3187
TECH MAHINDRA LT Neutral 595.2 576 556 545 607 618 639
TATA ELXSI LTD Positive 991.65 984 975 966 1002 1011 1020
TATA GLOBAL BEVE Neutral 266.6 263 259 257 270 273 276
TORRENT POWER LT Positive 260.65 258 254 250 266 270 274
TATA POWER CO Neutral 86.35 85 84 82 87 89 90

RAMCO CEMENT/THE Positive 730.7 719 708 698 740 750 761
TORRENT PHARMA Negative 1354 1339 1323 1301 1377 1399 1416
TITAN CO LTD Positive 822.9 815 805 792 837 851 860
TATA CHEMICALS Negative 699.75 695 688 681 708 716 722
TATA MOTORS LTD Neutral 364.45 362 357 352 371 377 381
TV18 BROADCAST L Neutral 55.1 54 54 53 55 56 56
TVS MOTOR CO LTD Neutral 637.25 625 613 598 652 667 679
UNITED BREWERIES Neutral 1036.2 1023 1010 989 1057 1078 1092
UJJIVAN FINANCIA Negative 354.5 350 345 340 360 365 370
UNION BANK INDIA Neutral 109.45 106 104 101 112 116 118
UNITED SPIRITS Negative 3177.7 3148 3118 3066 3230 3282 3312
UPL LTD Negative 688.25 680 672 661 699 710 718
ULTRATECH CEMENT Neutral 4131.55 4111 4089 4058 4164 4195 4217
VEDANTA LTD Positive 327.6 323 317 313 333 337 343
V-GUARD IND LTD Neutral 235.9 229 221 216 243 249 256

VOLTAS LTD Neutral 582.5 560 539 526 594 607 628
MOMENTUM PICK
WOCKHARDT LTD Negative 758.2 746 733 719 773 787 800
WIPRO LTD Positive 292.2 291 289 287 295 297 300
YES BANK LTD Negative 312.35 306 301 297 316 319 325
ZEE ENTERTAINMEN Positive 573.1 570 566 563 578 582 586

Forthcoming Economic Event Calendar
Date Event Date Event

US China
MOMENTUM PICK
22-Feb FOMC Meeting Minutes 22-Feb Swift Global Payments CNY
22-Feb Initial Jobless Claims 24-Feb China January Property Prices
India 28-Feb Non-manufacturing PMI
25-Feb Eight Infrastructure Industries 28-Feb Manufacturing PMI
28-Feb Nikkei India PMI Mfg UK
28-Feb Fiscal Deficit INR Crore 22-Feb GDP QoQ
28-Feb GDP Annual Estimate YoY 23-Feb CBI Retailing Reported Sales

Momentum Picks: Strategy Follow up
Duration: Intraday
Date Scrip Idirect Code Strategy Recommended Price Targets SL Gain/Loss % Comment
MOMENTUM PICK
21-Feb-18 Nifty NIFTY Buy 10370.00-10380.00 10428 10349 (25 Points) Stoploss triggered
21-Feb-18 Titan TITIND Buy 831.50-832.50 839.80/848.20 823.8 - No Trade (Opened at Target)
21-Feb-18 Biocon BIOCON Sell 569.50-569.80 564.60/559.70 574.7 - No Trade (Opened at Target)
Duration: 30 days
Date Scrip Idirect Code Strategy Recommended Price Targets SL Gain/Loss % Comment
8-Feb-18 Inox Leisure INOX Buy 303.00 338.00 282.00 -7.00 Stoploss triggered
14-Feb-18 Bajaj Finance BAJFI Buy 1685.00 1880.00 1592.00 -5.00 Exit at 1605.00

Gladiator Stocks: Open Recommendations
Date Scrip Name Strategy Recommendation Price Target Stoploss Time Frame
4-Jan-18 Titan Buy 855-875 1,048.00 768.00 6 month
MOMENTUM PICK
5-Jan-18 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
14-Feb-18 Tata Motors Buy 370-380 422.00 347.00 6 month
All the recommendations are in Cash segment

Back to Top

Price history of last three years of the short
term recommendations
First Source Solution Prism Cement
MOMENTUM PICK
NCC Limited
Industries

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

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ICICI Securities – Retail Equity Research

ICICI Securities – Retail Equity Research

ICICI Securities – Retail Equity Research

The major short-term support is placed in the range of 24600-

TCS (TCS) – Daily Bar Chart Technical Observations

Price close above past nine

14 period RSI generated bullish crossover suggest positive bias

Stop Loss 2998.80

ICICI Securities – Retail Equity Research

Price taking resistance from the

Stop Loss 801.20

Source: Bloomberg, ICICI Direct.com Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICI Direct.com Research

159 • The share price of Prism Cement is

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICI Direct.com Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICI Direct.com Research

ICICI Securities – Retail Equity Research

Japan 0.1 0.45 -0.65 -1.85 3.85 Advances Declines

Source: Bloomberg, ICICI Direct.com Research

Nifty 10397.45 0.36 -0.99 -5.19 0.53 -400 -359

Capital Goods 18735.14 -0.58 -4.52 -8.87 2.19 -4,200 -3,838

ICICI Securities – Retail Equity Research

BSE 500 14509.55 0.18 -1.71 -6.29 -0.28

Source: Bloomberg, ICICI Direct.com Research

ICICI Securities – Retail Equity Research

Bullish Candlestick Pattern Bearish Candlestick Pattern

Source: Bloomberg, ICICI Direct.com Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICI Direct.com Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICI Direct.com Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICI Direct.com Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICI Direct.com Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICI Direct.com Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICI Direct.com Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICI Direct.com Research

ICICI Securities – Retail Equity Research

Date Event Date Event

ICICI Securities – Retail Equity Research

ICICI Securities – Retail Equity Research

ICICI Securities – Retail Equity Research

February 22, 2018 ICICI Securities Ltd. | Retail Equity Research 21

February 22, 2018 ICICI Securities Ltd. | Retail Equity Research 22

ICICI Securities – Retail Equity Research

Trading portfolio allocation

February 22, 2018 ICICI Securities Ltd. | Retail Equity Research 23

Momentum Picks- 10% 30-50% 2-3 Stocks 1-2% Intraday

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

Gladiator Stocks 35% 15-20% Opportunity based 20-30% 6 Months

ICICI Securities – Retail Equity Research

February 22, 2018 ICICI Securities Ltd. | Retail Equity Research 24

ICICI Securities – Retail Equity Research

February 22, 2018 ICICI Securities Ltd. | Retail Equity Research 25

ICICI Securities – Retail Equity Research