[email protected] Singh Deepak Raj Research Analysts Research [email protected] Dedhia Dipesh [email protected] Singh Deepak Raj Research Analysts Research UltratechCement Stock Quant Pick Action Buy [email protected] PatelNandish – Initiation Range Initiation UltraTech Cement 6775-6875 [email protected] Jain Siddhesh [email protected] PatelNandish Quant Pick Target 7770 Stop loss Stop 6318 Time Frame Time 3Months [email protected] Dedhia Dipesh Duration : 1-3months : Duration HDFC NMDC Cement Ultratech Underlying 1-2months : Duration Pharma Aurbindo Hindalco Underlying Click Click Quant (Derivatives) Pick(Derivatives) Quant Derivatives Strategy Strategy Derivatives July 6, 2021 6, July here to seehere to here to seehere to • • PRODUCT 1 PRODUCT 2 open calls open open calls open Buy Buy Buy Action Buy Buy Action

ICICI Securities – Retail Equity Research Target: Buy UltraTech Cement in range of July 2021 July 6, Source: NSE, Seediff, ICICI Direct Research Direct ICICI Seediff, NSE, Source: open interest open Snapshot Price vs. pattern | 7770; Stop Loss:

Open Interest in Thousands 1,100 1,600 2,100 2,600 3,100 3,600 |

Jul-19 6318; Time frame: Three months ICICI Ltd. Securities Retail| Equity Research

Sep-19 move up providelikelyto Freshaccumulation HV 30 Day (% Annualised) (%)3M Roll Avg (|)12M Price Avg Beta Price Spot Nov-19 | Jan-20 6775

Mar-20

May-20 - OI 6875; Jul-20

Sep-20 Price Nov-20

Jan-21 6950.00 5875.0 93.0% 45.00 1.01 Mar-21

May-21

Jul-21 2000 3000 4000 5000 6000 7000 8000

Price 2

ICICI Securities – Retail Equity Research Quant Pick Derivatives and       Source: NSE, Seediff, ICICI Direct Research Direct ICICI July 2021 6, Seediff, NSE, Source: Note fresh The term 6700 momentum money On another to remained On scenario, significant Since and to witness Broader perform hold the the ACC delivery : Put accumulation May Call F&O options its Call renewed round markets strike the subdued delivery has Put better 2021 towards front, strike positive Z - of been from base Score front, , up momentum in have UltraTech leveraged in and volume of the move initiated where Quantitative indicating the bias the has the 7000 started were coming current delivery again stock may in the activity in has on it positions unable amid stock continue prevailing outperforming UltraTech trading iClick has started expiry taken segment a in the to sustained has 2 May Gain in perform sessions support to itself in highest Outlook… seen ICICI Ltd. Securities Retail| Equity Research the positive Cement the move 2021 on . stock At a stock along July broader sharp in near along and Call the into bias line has 6 have till , same with then option 2021 the | reversal with with these in market started 6600 declined the positive the in time, the the base - levels mid 6700 stock Nifty recovery recently ongoing market to - the June at considerably territory . . witness are levels We Select the Put . held . 2021 and Despite recovery Cement believe 7000 open on since is stocks closure, , these likely multiple strike interest in sharp fresh stocks April in the from to levels sectoral followed which act addition closure, last 2021 instances base like the as seem two UltraTech could peers as strong is infrastructure by the in months firming the very . 7200 the Also, like stock offer stock support crucial Cement stock Ambuja strike up as looking has much is at stock sector will . in witnessing . been 6500 In are Near the - Cement needed such trigger at prices likely near may able and the the a 3

ICICI Securities – Retail Equity Research July 2021 July 6, Derivatives Strategies: Open recommendations 2-Jul-21 29-Jun-21 25-Jun-21 Date Source: Bloomberg, ICICI Direct Research Direct ICICI Bloomberg, Source: Scrip AurobindoPharma Industries Reliance Hindalco Action Buy Sell Buy Long/Short Strategy : : Strategy Long/Short : Strategy Long/Short Option Positional Recommendation : Buy Hindalco July 385 Call at 11-13, Target: 25, Stop-loss: 4.5, Time-frame: till July expiry. July 11-13,till atStop-loss: Time-frame: Target: 25, 385 Call 4.5, July Hindalco Buy : Sell Reliance July 2100 Call at 68-70at128-132, expiry.2100 &210060-62,Call Stop-loss:July July atinflow: Target:30, tillPut Premium Time-frame:201, Reliance Sell Buy July future996-1002at expiry. July 1000Aurobindo 30-32,July at Pharma Puttill&buy Target: 1100, Time-frame: Buy ICICI Ltd. Securities Retail| Equity Research Back 4

ICICI Securities – Retail Equity Research Quant Picks: Open recommendations… July 2021 July 6, Source: NSE, NSE, Source: Date Seediff 24-May-21 10-May-21 15-Jun-21 28-Jun-21 8-Jun-21 7-Jun-21 4-Jun-21 , ICICI Direct Research Direct ICICI , 6-Jul-21 UltratechCement of Bank Industries Page ApolloTyres Scrip NMDC Lupin HDFC Action ICICI Ltd. Securities Retail| Equity Research Buy Buy Buy Buy Buy Buy Buy Buy BuyPrice 30350-30650 179.5-181.5 6775-6875 1200-1225 2525-2565 925-945 234-238 84-86 Target 36200 7770 1090 1430 2950 205 102 278 SL 27850 6318 1098 2348 167 855 212 76 CMP 30860 6950 1152 2517 173 973 229 87 %Ret -3.9% -3.0% -4.8% -0.9% 1.1% 2.1% 4.1% 1.2% TimeFrame 3 months3 months1 months3 months3 months3 months3 months3 months3 Back 5

ICICI Securities – Retail Equity Research July 2021 July 6, Source: Bloomberg, ICICI Direct Research Direct ICICI Bloomberg, Source: Pankaj Pandey [email protected] (East) Andheri Road no.7, MIDC 1 Limited,Securities ICICI Desk,Research Direct ICICI Head st Floor, AkrutiTrade Centre, ICICI Ltd. Securities Retail| Equity Research – Research – 400 400 093 [email protected] 6

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ICICI Securities – Retail Equity Research