Momentum Picks PDF

Momentum Picks
MOMENTUM PICK
New recommendations Open Recommendations
Date Scrip I-Direct Code Action Initiation Range Target Stoploss Duration
12-Mar-19 Nifty NIFTY Buy 11205-11225 11242.0/11267.0 11,188.00 Intraday Gladiator Stocks
12-Mar-19 Dabur India DABIND Buy 445.00-446.00 449.60/453.50 441.40 Intraday
12-Mar-19 Can Fin Home CANHOM Buy 308.70-309.70 312.30/315.50 306.20 Intraday Blue Dart Express Buy
11-Mar-19 Jindal Steel & Power JINSP Buy 165.00-168.00 181.00 157.00 7 days Kajaria Ceramic Buy
Tata Steel Buy
Duration: 6 Months
Open recommendations
Date Scrip I-Direct Code Action Initiation Range Target Stoploss Duration Click here to know more…
6-Mar-19 VIP Industries VIPIND Buy 428.00-433.00 462.00 410.00 7 days
5-Mar-19 Radico Khaitan RADKHA Buy 392.00-397.00 438.00 374.00 14 days
ICICI Securities – Retail Equity Research

27-Feb-19 Berger Paints BERPAI Buy 295.00-300.00 327.00 284.00 14 Days
Intraday recommendations are for current month futures. Positional recommendations are in cash segment
March 12, 2019 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): 11168
Technical Outlook NSE Nifty –Weekly Candlestick Chart Domestic Indices

Equity benchmarks resolved higher and ended the session at five Open High Low Close Indices Close Change Change%
PICK
months high at 11168, up 133 or 1.2%. Broader markets 11068.75 11180.90 11059.85 11168.05
MOMENTUMPICK
outperformed as Nifty midcap, small cap rose 2.1% and 2.5%, SENSEX Index 37054.10 382.67 1.04
respectively, resulting positive market breadth with A/D ratio of NIFTY Index 11168.05 132.65 1.20
2.5:1. Barring IT, all major indices ended in green led by metal,
MOMENTUM
auto and PSU Banks Nifty Futures 11202.15 126.10 1.14
The price action formed a strong bull candle post gap up opening, BSE500 Index 14797.78 205.87 1.41
indicating acceleration of upward momentum as after multiple
attempts Nifty settled above 61.8% retracement of major decline Midcap Index 16574.70 290.45 1.96
(11760 – 10005), placed at 11090. As a result, Nifty almost Small cap Index 14762.67 233.61 1.61
achieved our immediate target of 11200 mark. The ongoing 11118
structural improvement along with inherent strength of the market SGX Nifty 11257.50 55.35 -0.35
makes us confident on upgrading target to 11400, as it is :
 80% retracement of entire corrective phase since August 2018 * SGX Nifty at 7:30 am
(11760–10005), at 11410
 last 3 months consolidation breakout (10985-10585) at 11385 Nifty Technical Picture
In coming session, index is likely to witness gap up opening,
indicating continuance of positive bias. Hence intraday dip Intraday Short term
towards 11170 – 11150 should be used as buying opportunity
Trend

Structurally, key point to highlight is that, the index has witnessed
longest rally in CY-19, as current rally (595 points) is larger Support 11165-11140 10900
compared to February rally (535 points) in magnitude, signifying Resistance 11240-11280 11400
structural improvement along with broader market participation
supported by above average volumes. Meanwhile, Nifty has not 20 day EMA 10911
corrected for more than 200 points off February low 10585,
suggesting inherent strength of the market which makes us 200 day EMA 10779
confident on revising support base at 10900 as it is confluence of:
 50% retracement of current up move (10585 – 11181), at 10883 Nify Future Intraday Recommendation
 200 Days simple moving average is placed at 10872 Action Buy
As discussed in the March-19 edition of Monthly Technical Price Range 11205-11225
Outlook, Nifty midcap, small cap indices continued to outperform.
The last three week’s up move helped Nifty small cap index to Target 11242.0/11267.0
completely retrace its preceding nine week’s decline, in the
process midcap index retraced more than 80%. The faster pace of Stoploss 11188.00
retracement signifies structural turnaround that augurs well for
next leg of up move. Correspondingly, the empirical evidence
suggests that both indices have not corrected for more than 14
months each since inception. In the current scenario, as Nifty
Midcap index bounced from long term 200 weeks EMA along with
14 months correction behind us, we believe both indices are
approaching their price wise, time wise correction maturity. Thus,
investors should accumulate quality stocks in a staggered manner.
Source: Bloomberg, ICICI Direct Research
March 12, 2019 ICICI Securities Ltd. | Retail Equity Research 2
Bank Nifty: 27966
Technical Outlook Bank Nifty Index – Daily Candlestick Chart Nifty Bank daily change
The Bank Nifty resumed up move after Friday’s consolidation Open High Low Close Indices Close Change Change%
MOMENTUM PICK
and closed higher by 0.8%. The up move was broad based as Nifty Bank 27966.65 204.85 0.74
11 out of the 12 index constituents closed in green. The Bank 27840.10 28035.60 27791.25 27966.65
Nifty ended at 27970, up by 208 points or 0.8% on Monday
The index started the session on a positive note on back of
strong Asian cues. The index moved higher as the session 27754
progressed as it gained from strength to strength and formed Nifty Bank Technical Picture
27589
an intraday high of 28035 in the midsession. The index Intraday Short term
consolidated its gains in the second half and closed the session 27364
near its high at 27970 levels up by 0.8%. The up move was Trend
broad based as both PSU and private bank index ended the Support 27950-27860 27000
session higher by 2.3% and 0.8%, respectively.
Resistance 28100-28230 28350
The price action formed a strong bull candle, which maintained
20 day EMA 27287
a higher high and higher low signalling continuance of the
positive bias. In the process, the index registered a resolute 26618 200 day EMA 26568
breakout above the last eleven weeks consolidation range of
27750-26500 signalling strength and continuance of the current 26408 26441
up move. The sharp up move in the last three weeks of almost 200 Days

1500 points has led the daily stochastic at an overbought SMA
territory, which has led to a breather in the coming 1-2 sessions.
However, ongoing structural improvement makes us believe the Daily stochastic remains in up trend. Nifty Bank vs. Nifty
index is likely to extend the current up move towards the all- However it is currently placed at an over
2.57 11700
time high of 28388 in coming sessions. 25599 bought reading of 94
2.53
11300
The ongoing structural improvement makes us confident on 2.49
raising the support base higher at 27000-27100 as it is : 2.45 10900
2.41
 80% retracement of the current up move (26719-28035) 2.37 10500
placed at 27000 levels 2.33 10100
 the trend line support joining lows of December 2018 and 2.29
February 2019 placed around 27000 levels 2.25 9700
30-Jul 30-Sep 30-Nov
 the price parity with the previous decline of almost 1000
points also signals major support around 27000 levels Bank Nifty / Nifty Nifty
Among oscillators, the daily stochastic remains in up trend.
However it is currently placed at an over bought reading of 94,
thus can lead to a breather at higher levels in the coming
sessions

Stock Picks
Duration: Intraday
Dabur India (DABIND) – Daily Candlestick Chart Technical Observations

Bullish Morning star like candlestick at 50 day EMA signaling further upward momentum in CMP 443.80
MOMENTUM PICK
coming sessions
Action Buy
Bullish Morning star like

50 Days EMA Rationale candlestick at 50 day EMA &
RSI in buy mode
14 period RSI in rising trajectory suggest bullish bias
Initiation Range 445.00-446.00
Target 449.60/453.50
Stop Loss 441.40

Can Fin Home (CANHIM) – Daily Candlestick Chart Technical Observations
Price close above previous intermediate highs suggest further CMP 308.70
upsides in coming sessions
Action Buy
Price close above previous

Rationale intermediate highs & RSI in buy
mode
14 period RSI inching upward, indicating positive bias
Initiation
308.70-309.70
Range
Target 312.30/315.50
Stop Loss 306.20

Stock Picks
Duration: 07 days
Buy Jindal Steel& Power (JINSP) in the range of 165.00-168.00 Target: 181.00 Stop Loss: 157.00 Technical Observations
Weekly Bar Chart • The stock has seen faster
MOMENTUM PICK
Faster retracement of the last falling segment signifying
retracement of last decline after
structural turnaround and positive bias in coming sessions
bouncing from lower band of
294 downward slopping channel,
resulting stock to form higher high-
246 low on the monthly chart after six
months decline. This structural
50% improvement augurs well for
retracement extension of ongoing up move
205 near 181 towards | 181 in coming weeks
177 • The price action since July 2018 has
been captured in a downward
sloping channel formation (drawn
adjoining subsequent lows of | 205 -
141 and September high | 246).
123
During February prices found
support from lower band of falling
channel and staged a strong
pullback, indicating pause in

corrective bias
• Over past four weeks stock retraced
past seven weeks decline,
suggesting faster retracement in
turn signifying structural turnaround.
• We believe the stock has strong
Weekly MACD has generated bullish crossover thus supports positive bias support at | 157 as it is confluence
of following technical observations:
 38.2% retracement of current
up move | 124 to | 172, at 154
 Last weeks low is placed at
| 160
Recommendation initiated on i-click to gain at 11:06 on March 11, 2019 • We expect the stock to resolve
higher and head towards | 181 as it
is upper band of falling channel
coinciding with 50% retracement of
the last corrective decline (| 246-
123) around | 185
Stock Picks
Duration: 07 days
Buy VIP Industries (VIPIND) in the range of 428.00-433.00 Target: 462.00 Stop Loss: 410.00 Technical Observations
Weekly Bar Chart Price forming higher bottom in the weekly chart and a close above previous two weeks high signals a reversal of • The share price of VIP Industries has
MOMENTUM PICK
the corrective trend and offers fresh entry opportunity 647 formed a higher bottom on the
weekly chart at the major support
area of | 400-410 as it is confluence
of following technical observations:
38.2%
retracement  80% retracement of previous up
@ 462 move | 375 to | 567
 the trend line support joining
lows of May 2018 (| 365) and
October 2018 (| 383) around
383 394 | 400
365 Higher bottom formation
at the 80% retracement • The sharp up move in the current
and trendline support week from the support area of
| 400-410 saw the index move
above previous two week’s highs
(| 437) signalling reversal of the
corrective trend and offers a fresh
entry opportunity

• The stock has recovered its
immediate five session’s decline
(| 437 to 394) in just four sessions
highlighting improvement in price
structure
• Among oscillators, the weekly
stochastic has generated a bullish
crossover above its three period’s
average, thus supporting the
Weekly stochastic has generated bullish crossover thus supports positive bias positive bias
• We expect the stock to resolve
higher and head towards | 462 as it
is 38.2% retracement of the last
Recommendation initiated on i-click to gain at 11:25 on March 06, 2019 major corrective decline (| 567-394)
around | 462

Stock Picks
Duration: 14 days
Buy Radico Khaitan (RADKHA) in the range of 392.00-397.00 Target: 438.00 Stop Loss: 374.00 Technical Observations
Weekly Bar Chart • The share price of Radico Khaitan
MOMENTUM PICK
has been in a strong up trend. The
stock has seen a strong rally during
495 499
2017-18 from | 110 to | 499. The
80% corrective decline in the last six
454 449 retracement months from | 499 to 300 is seen as
@ 438 a secondary phase of correction and
is an integral part of the primary up
trend that helps to cool off the
excess on the price
• The stock is witnessing a pullback in
the last two weeks from the major
349
support area of | 350-370 being the
confluence of:
297  the lower band of the rising
The stock is rebounding from the lower band of the rising channel and 52 channel containing the entire up
weeks EMA signalling a reversal of the corrective trend and offers fresh move since March 2018
entry opportunity
 the 52 weeks EMA at | 376

52 Weeks EMA • The stock has already taken 16
weeks to retrace just 80% of the
previous six weeks up move from
148 | 297 to | 454. A slower retracement
Weekly stochastic has generated a bullish crossover
of the previous up move signals a
validates positive bias
robust price structure
• We expect the stock to continue its
current up move with a favourable
risk reward set up and head towards
| 438 as it is the confluence of the
80% retracement of the previous
decline (| 454-| 349) and trend line
resistance joining the previous
major highs as can be seen in the
Recommendation initiated on i-click to gain at 12:16 on March 05, 2019 adjacent chart

Stock Picks
Duration: 14 days
Buy Berger Paints (BERPAI) in the range of 295.00-300.00 Target: 327.00 Stop Loss: 284.00 Technical Observations
Weekly Bar Chart • The share price of Berger Paints has
MOMENTUM PICK
The stock is rebounding from the lower band of the channel and 52 been in secular up trend forming
weeks EMA signalling a reversal of the corrective trend and offers 350 80% higher high and higher low in long
fresh entry opportunity 345 retracement term chart. The recent decline from
@ 330 | 345 to 285 is seen as a secondary
phase of corrections and are an
integral part of the primary up trend
that helps to cool off the excess on
the price
285
286 • The stock has been forming base at
the major support area of | 285-295
260
being the confluence of the
following technical observation:
232
 the lower band of the rising
channel containing the entire up
move since November 2016
52 Weeks EMA
 the 52 weeks EMA at | 298
178

 61.8% retracement of the entire
previous up move (| 260-345)
• The stock has already taken 10
weeks to retrace just 61.8% of the
Weekly 14 period RSI is sustaining
previous eight weeks up move from
above the trendline support
| 260 to | 345. A slower retracement
of the previous up move signals a
robust price structure
• Among oscillators, the weekly 14
periods RSI is sustaining above the
trend line support of its own, thus
supporting the positive bias in the
stock
Recommendation initiated on i-click to gain at 10:11 on February 27, 2019 • The recent base formation is
approaching maturity. We expect
the stock to resume up move with a
favourable risk reward set up and
head towards | 330 as it is the 80%
retracement of the previous decline
(| 345-285)
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 Japan -1.2
1.7
Currency China -0.9
1.9
Hong Kong -0.7
USD INR 69.89 0.38 1.47 1.84 2.84 0.9
US -0.7
0.8
EURO USD 1.13 0.13 -0.42 -0.58 -0.96 -0.4
Germany 0.7
GBP USD 1.32 0.52 0.31 2.54 4.67 France -0.4
0.7
UK -0.1 0.4
JPY 111.40 -0.17 0.44 -0.83 1.70
Brazil 2.6
2.8
Swiss Franc 1.01 0.06 -0.58 -0.33 -1.63 India 2.7
1.0
Dollar Index 97.06 -0.16 0.20 0.36 0.01 -2.5 -1.5 -0.5 0.5 1.5 2.5 3.5
% Change
Commodities 5 Day Change 1 Day Change

Advance Decline
Gold 1,295.1 0.14 0.55 -1.19 3.97
2800
Brent 66.7 0.20 1.29 6.87 10.91
2300
Copper 6,435.0 0.19 -0.42 4.88 4.29
1800
Silver 15.3 0.23 1.37 -2.30 4.12 1300
Yield (%) bps Change 800
7.4 0.0 0.0 0.0 -0.2 300

India 10
-200 28-Feb 1-Mar 5-Mar 6-Mar 7-Mar 8-Mar 11-Mar
US 2.7 2.16 -5.69 -2.68 -24.87
EURO 0.1 -0.04 -8.97 -6.39 -21.06 Advances Declines

Market Activity Report
Sectoral Indices Performance Fund Flow activity of the last
FII5 sessions
1 Day % 5 Day % 1 Month % 3 Months %
Index Value
MOMENTUM PICK
Change Change Change Change 4,000 3,811
Sensex 37054.10 1.04 2.75 2.49 3.56 3,500

3,000
Nifty 11168.05 1.20 2.80 3.11 4.01 2,500
Rs Crore
2,000
BSE Auto 19765.28 2.24 4.43 6.20 -4.40 1,500
1,131 1,138 1,095
1,000 752
Bankex 31371.00 0.92 3.46 4.00 5.25
500
Capital Goods 17973.90 1.19 3.77 8.48 -2.29 0
-500
Consumer
22834.59 2.32 6.21 6.03 10.29 5-Mar 6-Mar 7-Mar 8-Mar 11-Mar
Durables
Date
FMCG 11719.82 1.05 2.70 2.31 0.61
DII

Healthcare 14187.49 1.54 2.16 3.10 2.60
800 581
IT 15022.65 -0.06 -2.19 -3.13 3.69 300
-200
Rs Crore
Metal 11300.63 2.50 3.34 8.90 -3.57
-700 -471
-1,200 -878 -925
Oil & Gas 14717.39 2.85 5.60 9.43 12.41
-1,700
Power 1956.47 2.04 5.82 10.47 2.18 -1,956
-2,200
5-Mar 6-Mar 7-Mar 8-Mar 11-Mar
Realty 1849.01 0.93 2.95 6.89 2.24
Date
BSE 500 14797.78 1.41 3.34 4.59 3.43
BSE Midcap
15094.66 1.96 4.08 6.99 0.36
Index
BSE Small Cap 14762.67 1.61 5.59 10.23 2.49

Trend Scanner
Heat Map Positive Trend Universe: NSE 500 Overbought Stocks
Bharti 333.8 387.1 Eicher 22,972.5 Bharti 319.7 Power 194.3 Change 20-Day Delivery Scrip Name LTP Stochastic
MOMENTUM PICK
BPCL Scrip Name Close
Airtel 8.1% 5.4% Motors 5.0% Infratel 4.6% Grid 3.9% % SMA ( %) ACC 1604.25 93.88
243.4 153.7 1,304.1 201.1 Vedanta 177.1 HDFC Bank 2128.45 0.01 2109.85 65.97 L&TFH 144.70 91.2
Coal India IOC RIL Hindalco
3.6% 3.4% 2.9% 2.8% Ltd 2.8% Dabur India 442.30 2.34 435.24 65.06 Petronet 239.12 85.99
Hero 2,814.8 Asian 1,419.8 Adani 351.3 GRASIM 827.5 520.7 Titan Company 1069.20 1.52 1041.43 56.11
Tata Steel Oversold Stocks
Moto 2.7% Paints 2.7% Ports 2.7% INDS LTD 2.5% 2.5% Bajaj Auto 3000.55 1.52 2861.95 55.64
Scrip Name LTP Stochastic
BAJAJ 6,783.6 Tata 71.7 India Bulls 719.0 287.4 Bank of 116.1
SBI HCL Tech 1004.40 5.8
FINSERV 2.5% power 2.4% Hsg Fin 2.4% 2.2% Baroda 2.2%
Infosys 711.25 6.7
795.3 4,049.2 1,604.3 153.0 236.3
Lupin Ultratech ACC ONGC Yes Bank Negative Trend Universe: NSE 500 Cipla 540.00 15.3
2.1% 1.9% 1.9% 1.7% 1.7%
7,081.9 681.1 TITAN CO 1,069.2 3,000.6 375.9 Change 20-day Delivery
Maruti M&M Bajaj Auto ICICI Bank Scrip Name Close
LTD % SMA (%)
1.6% 1.6% 1.5% 1.5% 1.4% 52 Weeks High
Sun 459.5 Kotak 1,249.6 259.8 1,715.0 1,897.6 Hexaware Technologies 337.00 -2.62 355.11 40.24
Scrip Name LTP
Wipro HUL HDFC Ltd
Pharma 1.0% Bank 0.9% 0.8% 0.8% 0.7% DHFL 132.80 -5.04 129.23 25.00 Aarti Drugs 707

351.8 1,346.6 2,626.2 Tata 181.9 293.0 Axis bank 744.9
GAIL L&T Dr Reddy ITC
0.6% 0.5% 0.4% Motors 0.4% 0.3%
Heidelberg Cement 184.5
734.5 540.1 HDFC 2,128.5 711.3 Indusind 1,514.6
Axis Bank Cipla Infosys
0.1% 0.0% Bank 0.0% -0.2% Bank -0.2%
52 Weeks Low
2,014.8 1,004.4 453.0 807.2 151.4
TCS HCL Tech Zee Ent Tech Mah NTPC Scrip Name LTP
-0.4% -0.5% -0.5% -0.5% -0.5%
ICRA 2840
Bullish Candlestick Pattern Bearish Candlestick Pattern

Scrip Name Pattern name LTP Scrip Name Pattern name LTP
Bank of India Engulfing 92.3 Gayatri project Shooting star 170.9
Sundaram fastners Engulfing 524.0 Hexaware Continuation 337.0
V-guard Engulfing 219.5 OFSS Continuation 3442.0
Jindal Stel& power Continuation 170.7

Supports and Resistance (Cash Levels)
Scrip Name Trend Close S1 S2 S3 R1 R2 R3
NIFTY 50 Positive 11168.05 11091 11015 10970 11212 11257 11333
MOMENTUM PICK
S&P BSE SENSEX INDEX Positive 37054.1 36818 36582 36438 37198 37342 37577
NIFTY BANK Positive 27966.65 27826 27687 27582 28071 28175 28315
NIFTY 50 FUTURES Positive 11210.6 11116 11022 10978 11253 11296 11390
NIFTY BANK FUTURES Positive 28081.25 27934 27785 27679 28189 28295 28444
ACC LTD Positive 1604.25 1576 1547 1530 1622 1639 1669
AMBUJA CEMENTS Positive 233.3 227 223 219 236 239 244
ADANI POWER LTD Positive 51.75 50 48 46 53 54 56
ADANI ENTERPRISE Positive 139.05 137 136 134 140 142 144
ADANI PORTS AND Positive 351.3 345 338 334 356 360 367
AJANTA PHARMA Positive 986.15 968 950 939 997 1008 1027
ASHOK LEYLAND Positive 93.05 90 89 87 94 96 97
ALLAHABAD BANK Positive 57.85 57 56 55 59 60 62
AMARA RAJA BATT Positive 745.1 740 736 732 748 752 756
ANDHRA BANK Positive 27 27 26 26 27 28 28

APOLLO HOSPITALS Positive 1204.05 1180 1157 1141 1220 1235 1259
ASIAN PAINTS LTD Positive 1419.8 1395 1371 1357 1433 1447 1471
APOLLO TYRES LTD Positive 217.65 213 209 206 220 223 226
AUROBINDO PHARMA Positive 750.75 741 731 726 757 763 773
ARVIND LTD Neutral 87.4 86 83 83 90 91 93
AXIS BANK LTD Positive 734.5 729 723 715 743 751 758
BAJAJ FINANCE LT Positive 2791.05 2770 2750 2731 2809 2828 2848
BATA INDIA LTD Neutral 1340.15 1327 1314 1303 1351 1362 1375
BEML LTD Positive 912.75 900 886 876 923 932 946
BHARAT FINANCIAL Negative 954.7 947 940 934 961 967 974
BHARTI AIRTEL Positive 333.8 317 299 289 345 355 374
BHARAT ELECTRON Positive 91.65 88 85 83 93 95 97
BHARAT HEAVY ELE Positive 70.05 67 66 64 71 72 74
BHARAT FORGE CO Positive 533.85 515 496 485 545 556 576
BHARTI INFRATEL Positive 319.7 310 300 294 326 332 342

BALKRISHNA INDS Negative 907.4 899 891 882 916 925 933
MOMENTUM PICK
BIOCON LTD Positive 623 618 612 609 627 630 636
BAJAJ AUTO LTD Positive 3000.55 2954 2908 2879 3029 3058 3104
BAJAJ FINSERV LT Positive 6783.6 6660 6536 6460 6860 6936 7060
BANK OF BARODA Positive 116.05 115 113 112 118 119 121
BANK OF INDIA Positive 92.25 89 87 85 93 95 98
BOSCH LTD Positive 19100.3 18670 18239 17989 19351 19601 20032
BHARAT PETROL Positive 387.05 374 361 354 393 401 413
BALRAMPUR CHINI Negative 133.65 131 127 125 138 141 144
BERGER PAINTS Positive 307.75 302 297 293 311 315 321
BRITANNIA INDS Positive 3133.45 3087 3040 3014 3160 3186 3233
CAN FIN HOMES Positive 307.35 295 282 274 315 322 335
CANARA BANK Positive 259.35 255 252 248 262 266 270
CONTAINER CORP Positive 493.5 487 481 474 500 507 514
CADILA HEALTHCAR Neutral 332.85 328 322 319 337 340 346

CEAT LTD Positive 1144.25 1130 1115 1103 1158 1169 1185
CENTURY TEXTILE Positive 879.45 863 847 836 890 901 917
CESC LTD Positive 721.4 698 675 662 734 747 770
CG POWER AND IND Neutral 38.65 35 32 29 40 42 45
CHOLAMANDALAM IN Positive 1359.2 1310 1262 1232 1388 1418 1466
CIPLA LTD Negative 540.1 536 533 530 543 546 549
COLGATE PALMOLIV Positive 1272.35 1258 1243 1234 1283 1293 1308
COAL INDIA LTD Positive 243.4 237 231 227 247 251 257
CASTROL INDIA Positive 164.9 163 161 160 166 167 169
DABUR INDIA LTD Positive 442.3 436 429 425 447 451 459
DCB BANK LTD Positive 200.4 197 194 192 202 204 207
DEWAN HOUSING Negative 132.8 129 125 120 137 143 146
DISH TV INDIA Positive 38.2 37 36 35 39 40 41

DIVI LABS LTD Positive 1690.65 1663 1634 1617 1708 1724 1753
MOMENTUM PICK
DLF LTD Positive 176.85 176 174 173 179 180 182
DR REDDY'S LABS Neutral 2626.15 2606 2586 2561 2651 2676 2696
EICHER MOTORS Positive 22972.45 22197 21421 20947 23447 23921 24697
ENGINEERS INDIA Positive 115.05 112 109 106 117 119 122
EQUITAS HOLDINGS Positive 131.5 127 122 119 135 138 143
ESCORTS LTD Positive 740.6 731 722 714 748 756 765
EXIDE INDUS LTD Positive 226.25 224 221 219 229 231 234
FED BANK LTD Positive 91.25 88 85 83 92 95 97
FORTIS HEALTHCAR Negative 135.45 134 134 133 135 136 137
GAIL INDIA LTD Positive 351.75 348 345 340 356 361 364
GODREJ CONSUMER Positive 722.75 713 704 697 730 736 746
GODREJ INDUSTRIE Positive 521.7 514 508 503 525 530 537
GMR INFRASTRUCTU Positive 17.2 17 17 16 17 17 17
GLENMARK PHARMA Positive 616.25 605 592 585 624 631 644

GODFREY PHILLIPS Positive 1033.45 971 907 871 1071 1107 1171
GRANULES INDIA Positive 113.85 111 108 107 116 118 120
GRASIM INDS LTD Positive 827.5 814 799 790 838 847 861
GUJARAT STATE F Positive 102.1 99 97 95 103 105 107
HAVELLS INDIA Positive 742.6 732 722 715 750 757 767
HINDUSTAN CONST Positive 14.35 13 14 13 14 14 14
HCL TECH LTD Negative 1004.4 996 988 976 1017 1030 1038
HOUSING DEV FIN Positive 1897.55 1886 1875 1866 1906 1915 1926
HDFC BANK LTD Positive 2128.45 2118 2110 2097 2140 2153 2161
HOUSING DEVELOPM Positive 24.85 25 24 24 25 26 26
HEXAWARE TECHNOL Negative 337 332 328 320 344 352 357
HERO MOTOCORP LT Positive 2814.75 2764 2713 2680 2847 2879 2930
HINDALCO INDS Positive 201.05 198 194 192 204 206 210
HINDUSTAN PETRO Positive 263.4 253 243 237 270 277 286
HINDUSTAN UNILEV Positive 1714.95 1704 1692 1681 1727 1738 1750

HINDUSTAN ZINC Positive 271.25 270 268 267 273 274 277
MOMENTUM PICK
INDIABULLS REAL Positive 77.7 77 76 75 80 80 82
INDIA CEMENTS Positive 103.8 100 94 91 108 110 116
INDO COUNT INDS Positive 45.35 42 39 37 47 49 51
IDBI BANK LTD Positive 44.85 45 44 43 46 46 47
IDEA CELLULAR Positive 34.2 33 32 31 35 36 38
IDFC LTD Positive 41.35 40 39 38 43 43 45
IDFC BANK LTD Positive 50.1 49 48 47 51 52 53
IFCI LTD Positive 13.95 14 13 13 15 15 16
INDRAPRASTHA GAS Positive 298.35 294 290 287 301 304 307
INDIABULLS HOUSI Neutral 718.95 709 700 694 725 731 740
INDUSIND BANK Negative 1514.6 1503 1491 1480 1526 1537 1548
INDIAN BANK Positive 262.4 255 247 242 268 273 282
INTERGLOBE AVIAT Positive 1301.95 1262 1222 1199 1325 1348 1388
INFIBEAM INCORPO Positive 43.8 41 37 35 47 49 52

INFOSYS LTD Negative 711.25 708 704 698 717 722 726
INDIAN OIL CORP Positive 153.7 151 147 145 157 159 163
ICICI PRUDENTIAL Positive 344.35 340 335 330 350 355 360
IRB INFRASTRUCTU Positive 154.55 148 142 137 159 164 170
ITC LTD Positive 292.95 291 289 287 295 297 299
JET AIRWAYS IND Positive 247.4 243 239 233 253 259 262
JAIN IRRIGATION Neutral 63.05 61 59 58 64 65 67
JAIPRAKASH ASSOC Neutral 6.6 7 7 7 8 7 8
JINDAL STEEL & P Positive 170.75 166 160 157 175 178 184
JSW STEEL LTD Positive 292.65 287 284 280 295 299 302
JSW ENERGY LTD Neutral 68.45 69 68 68 70 70 71
JUBILANT FOODWOR Positive 1371.85 1351 1329 1317 1385 1397 1419
JUST DIAL LTD Neutral 550.7 544 537 526 562 573 580
KARNATAKA BANK Positive 124.95 119 114 110 128 132 137
KAJARIA CERAMICS Neutral 565.85 558 551 545 572 579 586

KAJARIA CERAMICS Neutral 565.85 558 551 545 572 579 586
MOMENTUM PICK
CUMMINS INDIA Neutral 748.8 732 714 704 760 770 789
KOTAK MAHINDRA Positive 1249.55 1237 1225 1216 1258 1267 1279
KAVERI SEED Positive 433.7 427 419 414 440 445 453
LIC HOUSING FIN Positive 501.85 427 419 414 440 445 453
LUPIN LTD Neutral 795.3 494 488 481 507 514 520
LARSEN & TOUBRO Neutral 1346.55 785 773 767 803 809 821
L&T FINANCE HOLD Positive 144.7 1341 1335 1330 1352 1357 1363
MAHANAGAR GAS LT Positive 894.35 142 140 138 146 148 150
MAX FINANCIAL SE Positive 428.85 887 878 874 900 904 912
MCX INDIA LTD Positive 743.1 419 409 404 435 441 450
MANAPPURAM FINAN Negative 118.5 733 723 717 748 755 764
MAHINDRA & MAHIN Positive 681.05 114 109 107 122 125 129
M&M FIN SERVICES Positive 446 674 667 662 687 691 699
MARICO LTD Positive 347.8 438 430 424 452 458 466

MRF LTD Neutral 57708.3 340 330 326 354 358 368
CHENNAI PETROLEU Positive 262.05 57172 56636 56232 58112 58516 59052
MANGALORE REFINE Positive 72.05 256 250 245 267 272 278
MARUTI SUZUKI IN Positive 7081.9 70 67 66 74 75 77
MOTHERSON SUMI Positive 172 6998 6913 6852 7145 7207 7292
MINDTREE LTD Neutral 927 167 161 158 177 180 186
MUTHOOT FINANCE Positive 594 917 906 898 936 944 954
NATIONAL ALUMIN Negative 54.45 578 562 552 604 614 630
NBCC INDIA LTD Positive 58.8 53 51 50 56 57 59
NESTLE INDIA LTD Neutral 10292.8 57 56 55 59 60 61
NHPC LTD Neutral 25.35 10107 9921 9810 10404 10515 10702
NIIT TECH LTD Positive 1327.8 25 24 24 25 26 26
NCC LTD Positive 102.65 1313 1299 1289 1337 1347 1361
NMDC LTD Positive 110.8 101 99 98 104 105 107
NTPC LTD Positive 151.4 109 107 106 112 113 115

ORIENTAL BANK OF Positive 97.65 96 94 92 99 100 103
MOMENTUM PICK
ORACLE FINANCIAL Neutral 3442.4 3422 3401 3377 3467 3491 3512
OIL INDIA LTD Positive 177.75 176 172 171 181 182 186
OIL & NATURAL GA Positive 153 152 150 149 155 156 158
PAGE INDUSTRIES Positive 23833.25 23313 22792 22499 24127 24420 24941
PC JEWELLER LTD Positive 79.95 78 76 74 83 84 87
PIDILITE INDS Positive 1138.15 1128 1118 1111 1146 1152 1163
PIRAMAL ENTERPRI Positive 2655.3 2606 2556 2522 2690 2724 2773
PETRONET LNG LTD Positive 239.2 236 233 231 241 243 246
PUNJAB NATL BANK Positive 85.85 84 83 81 86 87 88
POWER FINANCE Neutral 111.75 110 107 106 114 115 118
PTC INDIA LTD Positive 80.65 79 77 76 82 83 84
PVR LTD Positive 1540 1530 1520 1505 1555 1570 1580
POWER GRID CORP Positive 194.3 190 185 182 198 201 207
RBL BANK LTD Positive 642.9 631 620 606 656 670 681

RELIANCE CAPITAL Neutral 190.95 187 183 180 194 197 201
RELIANCE COMMUNI Negative 5.35 6 5 5 7 7 7
REC LIMITED Negative 134.25 131 129 128 135 137 138
RELIANCE INFRAST Negative 132.25 128 123 120 136 139 145
REPCO HOME FINAN Positive 461.15 455 449 442 467 474 480
RELIANCE INDS Positive 1304.1 1278 1251 1234 1322 1339 1366
RELIANCE POWER Negative 11.95 12 11 11 12 13 13
RAYMOND LTD Positive 819.8 810 801 793 828 836 845
STEEL AUTHORITY Positive 55.05 55 53 53 56 57 58
STATE BANK IND Positive 287.35 285 282 280 291 293 296
SHRIRAM TRANSPRT Positive 1259.45 1228 1198 1177 1279 1300 1331
SOUTH INDIAN BK Positive 15.5 14 14 13 15 16 16
SIEMENS LTD Positive 1056.35 1032 1008 993 1071 1086 1110
SYNDICATE BANK Neutral 38.6 37 36 35 40 40 42
SHREE CEMENT Positive 17980 17713 17446 17255 18171 18362 18628

SREI INFRASTRUCT Positive 32.75 33 32 32 34 34 35
MOMENTUM PICK
SRF LTD Positive 2375.45 2349 2324 2306 2393 2410 2436
STRIDES SHASUN L Positive 443.95 435 427 421 449 455 463
SUZLON ENERGY Positive 7.4 8 8 8 9 9 9
SUN PHARMA INDU Positive 459.45 455 451 447 462 465 469
SUN TV NETWORK Neutral 616.85 602 588 579 625 634 648
TATA STEEL LTD Positive 520.65 514 505 501 527 531 539
TATA COMMUNICATI Negative 609.7 605 600 594 616 622 627
TATA CONSULTANCY Neutral 2014.8 2001 1988 1972 2030 2046 2060
TECH MAHINDRA LT Positive 807.15 802 797 790 813 819 824
TATA ELXSI LTD Negative 956.05 947 938 929 965 974 983
TATA GLOBAL BEVE Neutral 202.5 195 188 184 206 210 217
TORRENT POWER LT Positive 256.7 250 245 241 260 263 269
TATA POWER CO Positive 71.7 70 69 68 72 73 74
RAMCO CEMENT/THE Positive 735.05 721 708 699 743 752 765

TORRENT PHARMA Positive 1789.85 1776 1761 1750 1801 1811 1826
TITAN CO LTD Positive 1069.2 1059 1050 1042 1076 1084 1093
TATA CHEMICALS Neutral 588.55 582 576 572 592 596 602
TATA MOTORS LTD Neutral 181.85 181 179 178 185 187 189
TV18 BROADCAST L Positive 36.95 37 36 35 38 38 40
TVS MOTOR CO LTD Positive 505.85 492 478 469 515 524 538
UNITED BREWERIES Neutral 1381.1 1373 1364 1352 1394 1406 1415
UJJIVAN FINANCIA Positive 335.8 321 306 296 346 356 372
UNION BANK INDIA Positive 82.7 81 77 76 85 87 90
UNITED SPIRITS Positive 574.2 565 554 545 584 592 603
UPL LTD Positive 896.7 891 883 879 902 907 914
ULTRATECH CEMENT Positive 4049.15 3985 3919 3883 4086 4123 4188
VEDANTA LTD Positive 177.1 173 170 167 179 182 186
V-GUARD IND LTD Neutral 219.45 214 210 207 221 224 228
VOLTAS LTD Positive 625.1 604 582 570 638 650 672

WOCKHARDT LTD Positive 439.7 427 415 408 447 455 467
MOMENTUM PICK
WIPRO LTD Neutral 259.75 257 256 254 261 262 264
YES BANK LTD Positive 236.3 232 229 226 238 241 245
ZEE ENTERTAINMENT Negative 453 -460 -9 -469 -451 9 -442

Forthcoming Economic Event Calendar
Date Event Date Event
US China
MOMENTUM PICK
12-Mar CPI MoM 12-Mar Manpower Survey
13-Mar PPI Final Demand MoM 14-Mar Industrial Production YTD YoY
14-Mar Initial Jobless Claims 14-Mar Retail Sales YTD YoY
14-Mar Continuing Claims 15-Mar New Home Prices MoM
15-Mar Industrial Production MoM UK
India 12-Mar Monthly GDP 3M/3M Change
12-Mar Industrial Production YoY 12-Mar Industrial Production MoM
12-Mar CPI YoY 12-Mar Manufacturing Production MoM
14-Mar Wholesale Prices YoY 14-Mar RICS House Price Balance

Momentum Picks: Strategy Follow up
Duration: Intraday
Date Scrip Idirect Code Strategy Recommended Price Targets SL Gain/Loss % Comment
MOMENTUM PICK
11-Mar-19 Nifty NIFTY Buy 11025-11040 11057.0/11082.0 11,007.00 - No trade
11-Mar-19 Havells India HAVIND Buy 728.00-730.00 736.30/743.70 722.70 - No trade
11-Mar-19 Ajanta Pharma AJAPHA Sell 957.00-960.00 949.30/940.00 967.80 - No trade
Duration: 30 Days
Date Scrip Idirect Code Strategy Recommended Price Targets SL Gain/Loss % Comment
5-Mar-19 Titagarh Wagah TITWAG Buy 68.00 76.80 62.00 6.00 Booked 50% profit at 72.00

Gladiator Stocks: Open Recommendations
Date Scrip Name Strategy Recommendation Price Target Stoploss Time Frame
6-Mar-19 Blue Dart Express Buy 3100-3220 3,820.00 2828.00 6 Months
MOMENTUM PICK
5-Mar-19 Narayana Hrudayalaya Buy 210-230 262.00 199.00 6 Months
27-Feb-19 Kajaria Ceramic Buy 540-550 627.00 494.00 6 Months
26-Feb-19 Tata Steel Buy 490-503 560.00 468.00 6 Months
6-Feb-19 Bajaj Finance Buy 2660-2690 2,990.00 2470.00 6 Months
23-Jan-19 Hindustan Unilever Buy 1750-1790 1,995.00 1645.00 6 Months
9-Jan-19 Bharti Airtel Buy 325-335 388.00 289.00 6 Months
All the recommendations are in Cash segment

Back to Top

Price history of last three years
Jindal Steel & Power VIP Industries
MOMENTUM PICK
Radico Khaitan Berger Paints

Notes......
• In case of intraday stock recommendations, execute the trade within +/- 0.25% of the recommended range provided in
the report. The stock recommendation has to be execute after the first 5 minutes of trade and only up to 11:00 am. In
MOMENTUM PICK
case of Nifty future execute after the first 5 minutes of trade and up to 03:00 pm
• 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. For positional
recommendation maintain stoploss on daily closing basis
• 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 (In case of positional stock recommendations)
• In case of intra day Nifty futures recommendation, once recommendation is activated, consider booking 50% profit near
1st Target (tolerance of 3 points) and trail stoploss to cost for remaining positions
• If the recommended intra day 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

ICICI Direct 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. It is also confirmed that above mentioned Analysts of this report have not
received any compensation from the companies mentioned in the report in the preceding twelve months and do not serve as an officer, director or employee of the companies mentioned in the report.
MOMENTUM PICK
Terms & conditions and other disclosures:
ICICI Securities Limited (ICICI Securities) is a full-service, integrated investment banking and is, inter alia, engaged in the business of stock brokering and distribution of financial products. ICICI Securities Limited is a Sebi registered Research Analyst with Sebi
Registration Number – INH000000990. ICICI Securities Limited Sebi Registration is INZ000183631 for stock broker. ICICI Securities is a 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 report 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 a 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.
This report is 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. This report 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. Though disseminated to all the customers simultaneously, not all customers may receive this report at the
same time. ICICI Securities will not treat recipients as customers by virtue of their receiving this report. Nothing in this report 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 in this report 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 this report. 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 in the report during the period preceding twelve months from the date of this report 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 in the report 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 report.
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 mentioned in the report as of the last day of the month preceding the publication of the research report.
Since associates 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 in this report.
ICICI Securities may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report.
Neither the Research Analysts nor ICICI Securities have been engaged in market making activity for the companies mentioned in the report.
We submit that no material disciplinary action has been taken on ICICI Securities by any Regulatory Authority impacting Equity Research Analysis activities.
This report is 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

Momentum Picks PDF

Enviado por

Dados do documento

Título original

Direitos autorais

Formatos disponíveis

Compartilhar este documento

Compartilhar ou incorporar documento

Opções de compartilhamento

Você considera este documento útil?

Este conteúdo é inapropriado?

Direitos autorais:

Formatos disponíveis

Momentum Picks PDF

Enviado por

Direitos autorais:

Formatos disponíveis

Momentum Picks

ICICI Securities – Retail Equity Research

March 12, 2019 For Instant stock ideas:

Pabitro Mukherjee Vinayak Parmar

Technical Outlook NSE Nifty –Weekly Candlestick Chart Domestic Indices

ICICI Securities – Retail Equity Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICI Direct Research

Dabur India (DABIND) – Daily Candlestick Chart Technical Observations

Bullish Morning star like

Stop Loss 441.40

ICICI Securities – Retail Equity Research

Price close above previous

Stop Loss 306.20

Source: Bloomberg, ICICI Direct Research

Weekly Bar Chart • The stock has seen faster

ICICI Securities – Retail Equity Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICI Direct Research

Weekly Bar Chart • The share price of Radico Khaitan

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICI Direct Research

Weekly Bar Chart • The share price of Berger Paints has

ICICI Securities – Retail Equity Research

ICICI Securities – Retail Equity Research

Silver 15.3 0.23 1.37 -2.30 4.12 1300

Yield (%) bps Change 800

7.4 0.0 0.0 0.0 -0.2 300

EURO 0.1 -0.04 -8.97 -6.39 -21.06 Advances Declines

Source: Bloomberg, ICICI Direct Research

Sensex 37054.10 1.04 2.75 2.49 3.56 3,500

ICICI Securities – Retail Equity Research

BSE 500 14797.78 1.41 3.34 4.59 3.43

Source: Bloomberg, ICICI Direct Research

ICICI Securities – Retail Equity Research

Bullish Candlestick Pattern Bearish Candlestick Pattern

Source: Bloomberg, ICICI Direct Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICI Direct Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICI Direct Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICI Direct Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICI Direct Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICI Direct Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICI Direct Research

ICICI Securities – Retail Equity Research

Source: Bloomberg, ICICI Direct Research

ICICI Securities – Retail Equity Research

ICICI Securities – Retail Equity Research

ICICI Securities – Retail Equity Research

ICICI Securities – Retail Equity Research

March 12, 2019 ICICI Securities Ltd. | Retail Equity Research 22

March 12, 2019 ICICI Securities Ltd. | Retail Equity Research 23

ICICI Securities – Retail Equity Research

Trading portfolio allocation

March 12, 2019 ICICI Securities Ltd. | Retail Equity Research 24

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