ICICI Securities Ltd.

| Retail Equity Research

Weekly Calls
Weekly Technical Picks
Exhibit 1: DCB Bank Weekly Candlestick Chart

Source: ASA, ICICIdirect.com Research
June 23, 2014
DCB Bank (DCB)
Code DCB
CMP | 77.65
Comment Holding Green rising channel.
Action Buy in the range of 78-75
Reco. Date June 23, 2014
Stop-loss | 69.50
Targets | 87 / higher

ICICI Securities Ltd. | Retail Equity Research


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Exhibit 2: Dishman Pharma & Chem. Weekly Candlestick Chart

Source: ASA, ICICIdirect.com Research
Dishman Pharma & Chem. (DISPHA)
Code DISPHA
CMP | 129.30
Comment
Breaks previous resistances
with higher volume.
Action Buy above 131
Reco. Date June 23, 2014
Stop-loss | 118
Targets | 149 / higher

ICICI Securities Ltd. | Retail Equity Research


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Trend Scanner

































Positive Trends

Scrip Name Close 50 days SMA 20-day SMA 5-day SMA Delivery % 5 days Averge
Berger Paints 272.55 248.30 257.20 269.50 52.20
Cadila Healthcare 1,021.10 965.00 958.30 1,002.30 67.00
Prime Focus 41.55 34.60 39.00 39.20 49.30
Titan 333.85 300.90 322.20 322.70 41.20
TCS 2,292.40 2,163.00 2,168.00 2,269.00 61.00




Negative Trends
Scrip Name Close 50 days SMA 20-day SMA 5-day SMA Delivery % 5 days Averge
UBL 684.25 764.90 742.80 708.50 48.40




Note: Positive / Negative Trend stocks are scanned on the basis of mechanical signal.
Stocks which are trading above their 50 day SMA (Simple moving average) and
where 50 day SMA is rising for at least three sessions are considered in positive
trend and further filtered for a momentum signal of a cross over between 5 and 20
period moving average. Opposite is true for Negative trending stocks.

Weekly Candlestick Patterns
Bullish Reversal Pattern Bearish Reversal Pattern
Scrip Name Close Scrip Name Close
Bullish Engulfing Bearish Engulfing
Titan 333.85 Ballarpur Industries 18.30
Zee Entertainment 284.45
Bullish Candle Bearish Candle
Asian Paints 568.45 M&M 1143.95
GAIL 439.10 Canara Bank 422.5
Cadila Healthcare 1021.10 UBL 684.25
Indusind Bank 555.50
LIC Housing Finance 319.95
TCS 2292.40
Bullish Piercing Line
Prime Focus 41.55

Note: For Candlestick pattern description please refer towards
the end of the report.





ICICI Securities Ltd. | Retail Equity Research


Page 5
Market Activity























Nifty Gainers / Losers for the week (%)
-3.0
-3.7
-4.2
5.7
4.8
4.1
3.6
3.5
-2.7
-6.9
-15.0 -5.0 5.0 15.0
INDUSINDBK
TCS
INFY

GAIL
BPCL
ASIANPAINT
MCDOWEWLL-N
RELIANCE
M&M
HEROMOTOCO


Institutional Activity
FII DII
Previous Week -421 -411
MTD 5354 -260
April to June quarter 27962 -2852
YTD 53114 -10603
*Previous week figure are povisional figure
*MTD- Month till date
*YTD- Year till date



Sectoral Indices Performance
INDICES Current 1Wk 1M 3M
Sensex 25105.51 -0.5 4.1 15.4
Nifty 7511.45 -0.4 4.3 15.6
Auto 14878.31 -2.1 3.6 17.5
Banking 17196.78 -0.7 1.8 24.1
Capital goods 15602.69 -1.6 6.9 35.4
Cons durables 8488.98 4.4 6.4 32.5
FMCG 6841.79 -0.4 -0.3 -0.9
Healthcare 10817.48 0.5 5.9 6.4
IT 9148.53 2.8 6.2 1.2
Metal 12982.32 -0.7 6.3 42.9
Oil & gas 11113.81 -2.2 6.2 24.0
Power 2199.48 -1.0 2.3 35.2
Realty 2006.62 0.6 5.4 45.1
BSE 500 9582.66 -0.2 5.2 20.1
BSE midcap 8961.96 0.3 11.2 33.5
BSE small cap 9761.22 0.9 18.0 46.4







Domestic Indices
Index Current Previous Change%
CNX Nifty 7511.45 7542.10 -0.41
S&P BSE Sensex 25105.51 25228.17 -0.49
Nifty Future 7525.35 7560.00 -0.46
S&P BSE 500 9582.66 9606.41 -0.25
S&P BSE Midcap 8961.96 8935.93 0.29
S&P BSE Small cap 9761.22 9674.58 0.90




Global Indices Weekly Performance
Japan
9,987.2
15,349.1
1.7%
Germany
0.8%
US
6,825.2
UK
1,962.9
China
0.7%
1.4%
France
54,638.2
-0.3%
Brazil
4,541.3
0.0%
Hong Kong
-0.5%
23,194.1 2,026.7
-2.1%




Commodities in US $

Close Prev. Close %Chg
Gold 1311.70 1281.49 2.36
Copper 20.7826 19.803 4.95
Brent Crude 115.09 112.98 1.87





ICICI Securities Ltd. | Retail Equity Research


Page 6
Strategy Follow up Previous Week
Date Scrip Product Strategy RP Target SL Gain/Loss % Comment
13-Jun Aurobindo Pharma Cash Buy 680.00 725.00 672.00 - Not Initiated
13-Jun Wipro Cash Buy 519.00 542.00 514.00 - Not Initiated

Forthcoming Economic Events Calendar
Date Event
US
23-Jun Chicago Fed Nat Activity Index
23-Jun Markit US Manufacturing PMI
23-Jun Existing Home Sales MoM
24-Jun Richmond Fed Manufact. Index
24-Jun New Home Sales MoM
25-Jun GDP Annualized QoQ
25-Jun Markit US Composite PMI
26-Jun Initial Jobless Claims
26-Jun PCE Deflator MoM
26-Jun Bloomberg Consumer Comfort
26-Jun Kansas City Fed Manf. Activity
India
25-Jun Eight Infrastructure Industries
30-Jun Fiscal Deficit INR Crore
30-Jun BoP Current Account Balance
China
23-Jun HSBC China Manufacturing PMI
24-Jun Conference Board China May Leading Economic Index
27-Jun Industrial Profits YTD YoY
UK
23-Jun Hometrack Housing Survey MoM
24-Jun BBA Loans for House Purchase
24-Jun CBI Reported Sales
27-Jun Current Account Balance
27-Jun GDP QoQ
27-Jun Index of Services MoM








ICICI Securities Ltd. | Retail Equity Research


Page 7























NOTES:

Please execute the recommendation within the prescribed range provided in 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 4-6% 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

Within each product segment it is advisable to allocate equal amount to each recommendation

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


ICICI Securities Ltd. | Retail Equity Research


Page 8
Recommended Product wise Trading Portfolio allocation
























Allocations Return Objective
Products Product wise
allocation
Max allocation
in 1 stock
Number of Calls
Frontline Stocks Mid-cap stocks
Duration

Daily Calls 8% 2-3% 3-4 Stocks 0.50-1% 2-3% Intraday

Short term Delivery 6% 3-5% 7-10 p.m 4-5% 7-10% Opportunity based

Weekly Calls 8% 3-5% 1-2 Stocks 5-7% 7-10% 1 Week

Weekly Technical 8% 3-5% 1-2 Stocks 5-7% 7-10% 1 Week

Monthly Call 15% 5% 2-3 Stocks 7-10% 10-15% 1 Month

Monthly Technical 15% 2-4% 5-8 Stocks 7-10% 10-15% 1 Month

Techno Funda 15% 5-10% 1-2 Stocks 10% and above 15% and above 6 Months

Technical Breakout 15% 5-10% 1-2 Stocks 10% and above 15% and above 3-6 Months

Cash in Hand 10% - - - - -

100%


ICICI Securities Ltd. | Retail Equity Research


Page 9
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 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 sessions 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 sessions 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 sessions
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 bodywarns 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 sessions price
opens over the prior sessions high (or above the prior sessions close). By the end of the second session, it closes near the low of the session and should
fall well into the prior sessions 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

ICICI Securities Ltd. | Retail Equity Research


Page 10











Pankaj Pandey Head Research pankaj.pandey@icicisecurities.com

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


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