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7/28/2019 Weekly Call june 30
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ICICI Securities Ltd.|Retail Equity Research
Weekly Calls
Weekly PicksExhibit 1:KPIT Cummins Weekly Candlestick Chart
Source: Spider software, ICICIdirect.com Research
June 24, 2013
KPIT Cummins
Code: KPICUM
CMP: 121.40
Comment: Trading above the Red falling
channel.
Action: Buy in the range of 118-116
Reco. Date: June 24 , 2013
Stop-loss: 112.30
Targets: 129 / higher
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Exhibit 2:Coal India Weekly Candlestick Chart
Source: Spider software, ICICIdirect.com Research
Coal India
Code: COAIND
CMP: 298.60
Comment: Testing previous support levels.
Action: Buy above 300
Reco. Date: June 24, 2013
Stop-loss: 291.00
Targets: 321/ higher
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Trend Scanner
Positive Trends
Scrip Name Close 50 days EMA 20-day EMA 5-day EMA
EICHERMOT 3561.7 2726 3122 3506
Negative Trends
Scrip Name Close 50 days EMA 20-day EMA 5-day EMA
ADVANTA 725 792 845 772
Note: Positive / Negative Trend stocks are scanned on the basis of mechanical signal.
Stocks which are trading above their 50 day EMA (Exponential moving average) and
where 50 day EMA 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
Bulliish Engulfing Bearish Engulfing
ABIRLANUVO 1084.15 GSKCONS 4923.85
ALSTOMT&D 171.55
SCI 39
Piercing Line Dark Cloud Cover
GMDCLTD 133.15 NA
Hammer Shooting Star
CMC 1244.1 NA
ONGC 307.75
Morning Star Evening Star
INDHOTEL 51.65 NA
Note: For Candlestick pattern description please refer to page 08
of the report.
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Market Activity
Nifty Gainers / Losers for the week (%)
-13.3
-10.0
-9.3
4.7
3.7
2.7
1.3
1.2
-15.9
-8.6
-20.0 -10.0 0.0 10.0
CAIRN
HEROMOTOCO
MARUTI
JINDALSTEL
AMBUJACEM
BANKBARODA
BAJAJ-AUTO
PNB
HINDALCO
JPASSOCIAT
Institutional Activity
FII DII
Previous Week -5170 3889
MTD -6059 -481
QTD 16867 -5411
YTD 62396 -13085*Previous week figure are povisional figure
*MTD- Month till date; QTD- Quarter till date
*YTD- Year till date
Sectoral Indices Performance
Performance in %
INDICES Current 1Wk 1M 3M 6M
Sensex 18774.24 -2.1 -4.7 -2.8 -2.1
Nifty 5667.65 -2.4 -4.8 -2.6 -2.6
Auto 10647.87 -0.5 -7.0 -2.7 -6.4
Banking 12967.26 -4.8 -6.3 -1.2 -5.2
Capital goods 9034.84 -3.0 -3.3 -6.3 -16.7
Cons durables 6524.48 -1.0 -17.2 -7.8 -19.0
FMCG 6486.8 -1.4 -3.7 12.2 9.3
Healthcare 8657.12 -0.7 -2.5 7.1 7.8
IT 6011.27 0.3 -1.6 -12.7 7.6
Metal 7604.88 -4.2 -8.9 -16.1 -25.0
Oil & gas 8349.92 -2.3 -3.5 -6.0 -0.6
Power 1590.38 -3.8 -7.7 -8.0 -17.3
Realty 1510.5 -5.7 -7.6 -24.5 -23.9
BSE 500 7036.48 -2.2 -5.1 -3.4 -5.3
BSE midcap 6037.6 -2.3 -5.2 -4.5 -12.2
BSE small cap 5717.3 -1.0 -6.6 -8.4 -22.2
Domestic Indices
Index Current Previous Change%
CNX Nifty 5667.65 5808.40 -2.42
S&P BSE Sensex 18774.24 19177.93 -2.10
Nifty Future 5661.85 5805.95 -2.48
S&P BSE 500 7036.48 7193.12 -2.18
S&P BSE Midcap 6037.60 6180.98 -2.32S&P BSE Small cap 5717.30 5772.45 -0.96
Global Indices Weekly Performance
-4.6%
China
UK
3,658.0
Germany7,789.2
-4.2%
France-3.9%
Brazil
6,116.2
US
Hong Kong-3.1%
4.3%Japan
13,230.1
-2.1%
20,263.3
47,056.0
-4.1%2,073.1
1,592.4
-3.4%
Commodities in US $
Close Prev. Close %Chg
Gold 1296.75 1390.20 -6.72
Copper 3.12 3 .12 0.00
Brent Crude 101.00 105.83 -4.56
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Strategy Follow up Previous Week
Date Scrip Product Strategy RP Target SL Gain/Loss % Comment
17-Jun IGL Cash Buy 276.00 298/+ 265.00 0.00 Closed at cost
17-Jun Larsen & Toubro Cash Buy 1405.00 1479/+ 1370.00 0.00 Not Initiated
17-Jun HCL Technology Cash Buy 756.00 799/+ 724.00 3.30 Gained from 757 to 782
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Forthcoming Economic Events Calendar
Date EventUS
24-Jun-13 Dallas Fed Manf. Activity
25-Jun-13 Durable Goods Orders
25-Jun-13 House Price Index MoM
25-Jun-13 New Home Sales MoM
26-Jun-13 Personal Consumption
26-Jun-13 GDP QoQ (Annualized)
27-Jun-13 Initial Jobless Claims
27-Jun-13 PCE Deflator (YoY)
27-Jun-13 Pending Home Sales YoY
28-Jun-13 Chicago Purchasing Manager
India
25-28 JUN Eight Infrastructure Industrie
26-Jun-13 Bloomberg June India Economic Survey
28-Jun-13 Current Account Balance
30-Jun-13 Fiscal Deficit INR Crore
China
27-Jun-13 Industrial Profits YTD YoY
28-Jun-13 MNI June Business Sentiment Indicator
28-30 JUN Leading Index
UK
21-Jun-13 Public Sector Net Borrowing
24-28 JUN Nat'wide House prices nsa(YoY)
27-Jun-13 Current Account (BP)
27-Jun-13 GDP (QoQ)
27-Jun-13 Total Business Investment(YoY)28-Jun-13 GfK Consumer Confidence Survey
28-Jun-13 Index of Services (3mth/3mth)
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NOTES :
The Buy over price is a key technical level which decides the trend for the week Please initiate the trade within 1% range of the recommended price Once the call is initiated, an appropriate Stop Loss trigger should be put for the trade Once into the position, put trailing stops to preserve your profits The strategies are valid for about a week beginning the date mentioned at the top Positions may be squared off by the end of the week. The writer may have position in the stocks discussed.
MOST IMP: The follow-up and performance review table of the strategies indicates the profit opportunity that was available in the strategies. Individual profits mayvary depending upon the entry and exit price and stop losses.
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