1 weekly call

7/23/2019 1 Weekly Call

1/14

Au ust 17 2015

Weekly Call

Dharmesh Shah [email protected] Kunte, CMT [email protected]

Dipesh Dagha [email protected]

Pabitro Mukherjee [email protected]

Vinayak Parmar [email protected]


2/14

Deal Team At Your Service

Weekly Calls

Jet Airways (JETAIR)

Code JETAIR

CMP | 400.65

CommentBounced form lower end of

the Green rising channel.

Action Buy in the range of 370-375

Reco. Date 17th Aug2015

Stop-loss | 350

Targets | 425 / higher

2

Source: ASA, ICICIdirect.com Research


3/14


Trend Scanner

Positive Trends Candlestick PatternScrip Name Close 50 days EMA 100 days EMA Delivery % 5 days Averge

Bank of Baroda 184.4 165.0 166.0 41.00

Strides Arcolab 1,301.8 1,230.0 1,163.0 38.00

TCS 2,703.2 2,560.0 2,556.0 71.00

Divis Lab 2,183.0 1,938.0 1,872.0 43.00

Eicher Motors 20 600 0 19 629 0 18 516 0 37 00

Bul lish Candlestick Formations Bearish Candlestick Formations

Scrip Name Pattern name LTP Scrip Name Pattern name LTP

JB Chemical Engulfing Bull 263.8 BPCL Engulfing Bear 873.8

Sonata Software Engulf ing Bull 160.6 Cox & Kings Evening Star 259.0

Reliance Inds Hammer 967.0 Hindalco Continuous 93.2

Divis Lab Continuous 2183.0 Just Dial Continuous 1018.9

Negative Trends

, . , . , . .

Scrip Name Close 50 days EMA 100 days EMA Delivery % 5 days Averge

Just Dial 1,018.9 1,112.1 1,168.0 36.00

. .

Infosys Continuous 1149.3 Tata Steel Continuous 237.6

PNB Continuous 166.3 UBL Continuous 961.8Voltas Hammer 315.3

TCS Continuous 2703.2

. . . .

Positive and Negative Trends:

The stocks listed in the positive and negative trends section above have been identified after running multiple technical queries based on combination of

various technical parameters applied on a group of NSE cash stocks. The query modules are designed to recognise stocks, which are either at attractive

technical entry levels based on overall price structure or resolving out of medium term consolidation. Consequently the query modules are also aimed at

identifying the stocks which are under performers or in established down trends and therefore may not be good bets from short to medium term perspective.

Candlestick patterns:

Candlestick formations on weekly time interval charts typically point towards the prevailing sentiment comprising the entire trading week and could prove as

an important tool for short term traders. 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. A more detailed description of Candlestick patterns and the way to

understand them is listed at the end of the report

3

Source: Bloomberg, ICICIdirect.com Research


4/14

Market Activity

o a ar e s

47,508.4

UK

Brazil

2,091.5

-2.2%

0.7%USChina

20,519.5

3,965.3

5.9%

Japan-1.0%

Hon Kon 23,991.0 6,550.7

INDICES Current 1Wk 1M 3M

Sensex 28067.31 -0.6 -2.0 1.1

Nifty 8518.55 -0.5 -2.1 1.5

Auto 19461.68 -1.5 -0.5 1.1

Banking 21488.24 -1.0 -3.0 0.4

- -

Global Currencies, Commodities & Bond Yields

-2.5%

France -3.8%

4,956.5

-2.3%

Germany -4.4%

10,985.1

. . . .

Cons durables 11264.44 -1.3 1.4 11.0

FMCG 7923.25 -2.7 -2.9 2.3Healthcare 18058.72 3.1 3.9 7.7

IT 11621.55 4.1 4.4 9.2

Metal 7806.25 -10.0 -11.2 -22.3

Oil & gas 9507.63 -4.6 -4.8 2.1

Power 2012.31 -2.5 -3.9 -2.0

Realty 1429.03 -0.6 -4.3 -14.1

BSE 500 11236.11 -1.1 -0.6 2.6

BSE midcap 11453.78 -0.9 -0.7 7.2

BSE small cap 11766.78 -2.8 -2.2 6.4

Rupee (|) .

Dollar Index .

-1.9% -1.0%

Euro 1.11

British Pound 1.56

1.2% 1.0%

Japanese Yen 124.35 Swiss Franc 0.980.0% -0.5%

Nifty Gainers / Losers for the week (%)

5.9 5.8 5.4 4.9

-9.3 -9.7 -15.0 -17.2

-3.50

4.50

Change

Copper (tonne) 5,157.25

2.1% -0.1%

Brent Crude/barrel 48.60

Gold/ounce 1,116.60

Silver (ounce) 15.3

0.4% 2.8%

2.19India 10 year US 10 Year

7.75

-19.50

-11.50

TCS

LUPIN

SUNPHARMA

INFY

TATASTEEL

TATAMOTORS

HINDALCO

VEDL

%

0.39

-1.4 bps

ps

EURO 10 Year JPY 10 Year

- . ps

0.66

-0.1 bps

4



5/14


Market Activity

Institutional flow trends of last 12 months

1

1677

880

4309

3940 9

244

2 28000

29000

30000

14000

19000

Series2 Series1 Series3

5103

-1172

13753

2132

12919

11476

12078 1

172

-5768

-3344

5319

-1175

4172

5940 7

037

4177 1

0326 5

44

217

26000

27000

-

-1000

4000

Weekly market breadth trends

Sep'14

Oct'14

Nov'14

Dec'14

Jan'15

Feb'15

Mar'15

Apr'15

May'15

June'15

July'15

Aug'15

27316 27812 28093

2766128463

28112 28115 28236 28067

26500

28000

29500

40%

60%

80%

centage

Advance % Decline % Sensex

58

%

53

%

55%

5

4

57

%

51%

5

4

56

4442%

47 45

%

4

6

43%

49

4

6

44 56

2350025000

0%20%

19-Jun-15 26-Jun-15 3-Jul-15 10-Jul-15 17-Jul-15 24-Jul-15 31-Jul-15 7-Aug-15 14-Aug-15

Per

Week Ended

5



6/14

Deal Team At Your ServicePrevious Weeks Performance

10-Aug Gabriel Cash Buy 90.00 101.00 84.0 0 Closed at cost

10-Aug Uflex Cash Buy 181.00 215.00 166.00 -5.0 Square off at 171.00

,

COMPANY CMP PIVOT S1 S2 R1 R2

NIFTY 8518.55 8492.68 8363.82 8209.08 8647.42 8776.28

SENSEX 28067.31 27988.11 27558.63 27049.95 28496.79 28926.27

ACC 1372.05 1378.68 1348.42 1324.78 1402.32 1432.58

. . . . . .

ASIANPAINT 895.25 891.28 866.32 837.38 920.22 945.18

AXISBANK 570.00 569.85 555.00 540.00 584.85 599.70

BAJAJ-AUTO 2558.60 2518.08 2462.52 2366.43 2614.17 2669.73

BANKBARODA 184.40 182.15 177.60 170.80 188.95 193.50

BHARTIARTL 395.10 395.90 376.35 357.60 414.65 434.20

. . . . . .

BOSCHLTD 25387.35 25619.07 24518.18 23649.02 26488.23 27589.12

BPCL 873.75 903.70 827.85 781.95 949.60 1025.45

CAIRN 155.70 157.20 146.10 136.50 166.80 177.90

CIPLA 739.60 722.20 714.15 688.70 747.65 755.70

COALINDIA 377.55 385.93 353.82 330.08 409.67 441.78

. . . . . .

GAIL 337.15 336.82 327.33 317.52 346.63 356.12

GRASIM 3703.75 3704.67 3573.08 3442.42 3835.33 3966.92

HCLTECH 973.70 964.23 939.57 905.43 998.37 1023.03

HDFC 1299.95 1294.48 1255.57 1211.18 1338.87 1377.78

HDFCBANK 1101.80 1091.45 1076.95 1052.10 1116.30 1130.80

6

Source: NSE India, ICICIdirect.com Research


7/14

Nifty Stocks Pivot points for the Week (August 17 - 21, 2015)

COMPANY CMP PIVOT S1 S2 R1 R2

HEROMOTOCO 2712.45 2687.18 2644.47 2576.48 2755.17 2797.88

HINDALCO 93.15 98.13 84.52 75.88 106.77 120.38

HINDUNILVR 870.55 876.52 844.03 817.52 903.03 935.52

ICICIBANK 302.60 302.23 290.47 278.33 314.37 326.13

IDEA 161.25 161.63 155.27 149.28 167.62 173.98

INDUSINDBK 959.00 941.08 924.17 889.33 975.92 992.83

INFY 1149.25 1123.88 1080.92 1012.58 1192.22 1235.18

ITC 318.15 316.13 305.02 291.88 329.27 340.38

KOTAKBANK 717.70 705.58 694.67 671.63 728.62 739.53

LT 1799.50 1797.23 1750.27 1701.03 1846.47 1893.43

LUPIN 1793.45 1749.23 1724.67 1655.88 1818.02 1842.58

M&M 1378.15 1356.03 1317.12 1256.08 1417.07 1455.98

. . . . . .

NMDC 97.25 98.75 92.50 87.75 103.50 109.75

NTPC 129.65 130.28 125.97 122.28 133.97 138.28

ONGC 270.40 273.57 262.43 254.47 281.53 292.67

PNB 166.25 160.00 157.70 149.15 168.55 170.85

POWERGRID 138.35 135.28 129.07 119.78 144.57 150.78

RELIANCE 966.95 961.72 934.63 902.32 994.03 1021.12. . . . . .

SBIN 268.50 271.00 252.55 236.60 286.95 305.40

SUNPHARMA 897.70 872.23 856.47 815.23 913.47 929.23

TATAMOTORS 355.25 365.22 335.13 315.02 385.33 415.42

TATAPOWER 69.70 69.23 67.72 65.73 71.22 72.73

TATASTEEL 237.60 243.87 222.73 207.87 258.73 279.87

TCS 2703.20 2643.10 2602.20 2501.20 2744.10 2785.00

TECHM 555.05 549.80 532.10 509.15 572.75 590.45ULTRACEMCO 3103.90 3121.07 3013.28 2922.67 3211.68 3319.47

VEDL 107.10 112.48 93.87 80.63 125.72 144.33

WIPRO 575.25 570.53 559.77 544.28 586.02 596.78

YESBANK 796.80 796.10 757.90 719.00 835.00 873.20

ZEEL 419.80 412.18 405.62 391.43 426.37 432.93

7

Source: NSE India, ICICIdirect.com Research


8/14

Deal Team At Your ServiceForthcoming Economic Events Calendar

US

17-Aug Empire Manufacturing

17-Aug NAHB Housing Market Index

18-Aug Net Long-term TIC Flows

18-Aug Total Net TIC Flows

18-Au Housin Starts

19-Aug CPI MoM

19-Aug CPI Ex Food and Energy MoM

19-Aug U.S. Fed Releases Minutes from July 28-29 FOMC Meeting

20-Aug Initial Jobless Claims/Continuing claims

20-Aug Bloomberg Consumer Comfort

20-Aug Bloomberg Economic Expectations

20-Aug Existing Home Sales

20-Aug Philadelphia Fed Business Outlook

India

25-Aug Eight Infrastructure Industries

31-Aug Fiscal Deficit INR Crore31-Aug GDP YoY

China

18-Aug China July Property Prices

20-Aug MNI August Business Indicator

UK

17-Aug Rightmove House Prices MoM/YoY

18-Aug CPI MoM/YoY

-

19-Aug CBI Trends Total Orders19-Aug CBI Trends Selling Prices

20-Aug Retail Sales Ex Auto Fuel MoM/YoY

21-Aug Public Finances (PSNCR)

21-Aug Central Government NCR

8



9/14

Deal Team At Your ServiceNotes

Please execute the recommendat on w th n the prescr bed range prov ded n the report

Once the recommendation is executed, it is advisable to keep strict stop loss as provided in the report on closing basis

We adapt a trading strategy of booking 50% profit when the position is in profit by 3-5% and trail stoploss on remaining position to the

entry point

In recommendations where it is advised to buy on declines, if the target price is hit before activation of the call in prescribed range then the

recommendation is considered not initiated

The recommendations are valid only for the week and are to be squared off by the end of the week. In case we intend to carry forward the

position, it will be communicated through separate mail

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

n eac pro uc segmen s a v sa e o a oca e equa amoun o eac recommen a on

For example: The Daily Calls product carries 3 to 4 intraday recommendations. It is advisable to allocate equal amount to each

recommendation

9


10/14

Deal Team At Your ServiceRecommended Product wise Trading Portfolio allocation

1


11/14


12/14

Pankaj Pandey Head Research [email protected]

ICICIdirect.com Research Desk,

ICICI Securities Limited,

1st Floor, Akruti Trade Centre,

Road No 7, MIDC

Mumbai 400 093

[email protected]


13/14


14/14

1 weekly call

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