IntradayrecommendationsPositionalcurrent recommendationsforsegment monthare futures. in cash are 6-Apr-21 16-Apr-21 20-Apr-21 Date recommendations Open 22-Apr-21 23-Apr-21 23-Apr-21 23-Apr-21 Date New recommendations Momentum [email protected] MukherjeePabitro [email protected] Dharmesh Shah Research Analysts IndianEnergyExchange KPITTechnologies UltratechCement ApolloHospitals Tata MetalikTata Graphite Scrip Scrip Nifty Picks I-DirectCode I-DirectCode ULTCEM APOHOS CAREVE TATME INDEN KPITE Nifty Action Action Buy Buy Buy Buy Sell Buy Buy [email protected] VinayakParmar [email protected] Nitin Kunte 6109.00-6113.00 3230.00-3234.00 InitiationRange InitiationRange 348.00-355.00 195.00-199.00 14300-14325 , , CMT 875-900 630-643 6066.00/6021.00 3257.60/3283.00 14362/14413 385.00 215.00 985.00 Target 702.00 Target Stoploss 14259.00 Stoploss 6159.00 3204.80 [email protected] Ninad 332.00 184.00 835.00 605.00 Tamhanekar April 23, 2021 23, April Duration Duration 14Days 14Days 14Days 14Days Intraday Intraday Intraday , CMT , SUBSCRIBE Open Recommendations Recommendations Open Click here to know more… know to here Click Infoedge Timken Escorts Scrip ICICIdirect Mobile ICICIdirect For For Gladiator Stocks Gladiator to mobile notification to on mobile Instant stock ideas:Instantstock Duration:Months6 app… Action Buy Buy Buy

ICICI Securities – Retail Equity Research MOMENTUM PICK Source NSE (Nifty): 14406 • • • • • Technical breather financials market weekly ended Equity Day Technical Outlook : that Bloomberg, 14413 use momentum, high In from the 13900 14200 Structurally, incremental cannot possibility high Currently, 10 maintained highlight days The would consolidation pullback acting A stock we wave ( The signify strength index emerged inherent The 14200 benchmarks on % the decisive expiry breadth . expect was intraday February , index daily broader and Outlook life and a EMA, - 2 . specific coming (spot ) 13800 would be to since as trend positive across … be despite highs strength approached Spider, above session is towards from the price immediate recoup metal both has the - remained of close ruled the which 14425 buying that, else reversal dip range, . only lead market prudent March action rally session, index ( couple India, snapped managed Hence, 15432 100 action ICICI rhythm note indices towards piercing outshone elevated consolidation above at the ) as to out intraday has the 14800 opportunity ( days Direct as 13596 14406 to would extended highlighting amid amid after has that hurdle, ) . positive the strategy 2020 Nifty formed measures of follow it been consolidate accumulating breach However, of have their 50 to is Research 14300 vicinity EMA would been - line percentage , , a else volatility not 15432 progression firm confluence while hold up losses midcap days gap lead held indicating past would corrected through with a to correction 110 correcting candle amid - of forming global 14325 there (placed piercing confirm around ), the adopt of inherent down FMCG, EMA two since such lower to in entirely at A/D points their open and owing lower stock the quality 13963 strength session’s to cues would correction (on of acceleration at of ( opening ratio 8 June dip at 13900 a 14600 robust the 50 : line small create % 14600 towards pharma current band for strength or the Q a) higher . specific band 14170 . a days to 4 , bottom from The The should 0 80 FY of candle, more large 2020 b) closing . door ), be 8 - above surging % cap 21 14200 long % losing 1 of which price of buying ), Nifty 10 EMA, . juncture follow base 5 their . . retracement from key and prolonging . action result : which % consolidation However, consolidation Going than 1 for caps indices is Key be for . highlighting of Thursday’s in range support Sectorally, basis) closed streak correction indicating IT 52 above structure has extended Covid target here used place demand . point average through season upward on Hence, helped ahead, took weeks been have with and will dip the the - on 19 50 as to of of of of a . . ICICI Ltd. Securities Retail| Equity Research 14219.15 Open NSE Nifty Daily Nifty NSECandlestick Chart Daily Nifty NSECandlestick Chart 14424.75 High Daily EMA 100 Stochastic Days 14151.40 Low EMA 50 pointing Days downward, season progression stock the Prolongation 14406.15 Close 14600 specific indicating - 14200 of of consolidation Q action 4 FY range extended 21 Resistance @ Support @ Support result amid 14600 with 14200 in breather * SGX Nifty at 7:30atam Nifty SGX * Nifty SGX Indexcap Small IndexMidcap BSE500Index FuturesNifty NIFTYIndex Index SENSEX Indices Indices Domestic Trend Picture Technical Nifty 200EMA day EMA 20day Resistance Support Nifty Future Intraday Reco. Future Nifty Stoploss Target Range Price Action Neutral: Retail, MultiplexRetail, Neutral: Staples Positive Sectors in in focus Sectors(for : Pharma, IT, Consumer 19311.54 14403.60 14406.15 48080.67 14345.00 20898.53 19921.07 14450-14490 14320-14250 Close Intraday 1ChgDay the Intraday)the 123.03 122.07 107.60 109.75 374.87 -58.60 55.09 14362/14413 14300-14325 Shortterm 14259.00 % Chg % 13296 14602 14600 13800 -0.41 : 0.59 0.28 0.64 0.76 0.77 0.79 Buy 2

ICICI Securities – Retail Equity Research MomentumMOMENTUM Picks PICK • • • • • • • Technical on green was The the The Source April 23, 2021 April 23, Technical Outlook Nifty Bank: 31782 b) a) Thursday 31790 towards to note In April being On indicating stochastic The being The support last correcting current a Key towards close consolidation Goining steady and 30500 signalling The 30000 correction The weekly Price up Nifty also maintained . the continue : The the seven index point move Bloomberg, rising closed last on 2020 daily strong , . above the the coming Outlook Bank levels equality up maintain The higher scenario, index area expiry ahead 34000 the 31500 10 confluence high to an move has placed placed long 19 sessions strong was in price index index with near back highlight 32500 as weeks of % impending rhythm Spider, the in strong closed session, - of levels side we 31570 session term 30500 lead 10 from with a throughout the its previous near around the of stoploss the last recovered snapped action buying out expect will ICICI has previous 32500 corrective by negative 200 of of broad in support the the at is for high index the of one the not Direct the the signal higher the since rebounded 31782 pullback days the all 32500 creating average formed oversold the week of demand index is year coming following correcting of a banking range the time Research is 12 its 31380 session in three March likely global index EMA extension the by levels decline seen session levels index the and entire signals in high is long more of session a of weeks territory the sessions is expected to three range to heavyweights near 2020 the cues technical forming up 32500 . also pullback bullish for constituents ( the act previous 37708 continue coming position has bearish strong than of by . more times bottom, of the placed as We previous ( - the with lead 31834 669 30500 30500 decline ) to . immediate 2 . higher engulfing observations expect support Bank % weeks than Hence, current after support for gap open session with points a to around . ) . on the reading - closed 30000 the The Only highlighting 21 area the Nifty and two testing base . its Thursday on index the % use target pullback or area breadth decline around current weekly . 29850 candle closed a hurdle of a major levels in in In index 2 of after : dips . firm soft 12 has 2 the the the the 22 % of of th . ICICI Ltd. Securities Retail| 30763.50 Open Nifty BankNifty Index coming broad Index range likely sessions 31834.50 High of to 30500 consolidate the The – - 32500 Daily neutral daily 30555.25 Low in 200 Days in Candlestick stochastic reading EMA the the Equity Equity Research of 31782.60 Close 50 is Chart seen consolidating Major SupportMajor 30000 around Resistance - @ 32500 30500 @ Nifty BankNifty Indices daily Bank change Nifty 200EMA day EMA 20day Resistance Support Trend Picture Technical BankNifty 31782.60 Close 31900-32170 31520-31200 Intraday Change 669.90 Shortterm Change% 29860 32573 32500 30000 2.15 3

ICICI Securities – Retail Equity Research MOMENTUM PICK Ultratech Source April 23, 2021 April 23, Stock Picks Apollo Hospital (APOHOS) ApolloHospital : Bloomberg Cement(ULTCEM) , Spider, ICICI – Direct – Daily candlestick Daily candlestick Research days Price chart chart momentum Price EMA closed signalling consolidating below in rising coming continuation trendline above sessions ICICI Ltd. Securities Retail| Equity Research recent of joining the corrective breakout previous Daily bias area lows Daily MACD , and signaling MACD is in seen rising in further sustaining down trajectory trend upward below suggest thus Duration: Intraday 50 EMA validates the Days positive 50 50 EMA Days corrective bias bias StopLoss Target InitiationRange Rationale Action CMP StopLoss Target Range Initiation Rationale Action CMP Technical Observations Technical Observations Price closed below risingbelow trendlineclosed Price joining previous lows and is seen joiningseen is and lows previous Price consolidating Price recent above sustaining below the 50 days 50sustainingthedays below breakout area &inMACDbuyarea breakout 6066.00/6021.00 6109.00-6113.00 3257.60/3283.00 3230.00-3234.00 6112.05 6159.00 3239.50 3204.80 mode EMA Sell Buy 4

ICICI Securities – Retail Equity Research MOMENTUM PICK April 23, 2021 April 23, Recommendation Weekly Bar Stock Picks Buy GraphiteIndia(CAREVE) in Source: Bloomberg, Bloomberg, Source: Chart initiated on i on initiated Spider Software, Software, Spider - click to gain at at gain to click the rangethe of ICICI Direct Direct ICICI thus A shallow offers Research 11:57 on April 22, 2021 22, April on 11:57 299 retracement 630.00 fresh entry - 643.00 opportunity and previous The a higher daily lows stochastic base 509 and at ICICI Ltd. Securities Retail| Equity Research has the 20 Days is EMA 20 recently seen days rebounding EMA generated Target signals : retracement 702.00 A A Shallow a after buy resilience, taking signals support thus supports at up 61 Support 482 the . move 8 % positive Duration: 14 days rising retracement @ (| 740 570 Stop 605 trendline bias 570 - 666 levels Loss: Loss: ) of 666 joining the Target Target @ as 605.00 it current is the 702 • • • • Technical Observations supports generated previous the rebounding The formation structure retracement move the session The ( retracement coming head expected secondary after The fresh since the It 20 primary trough forming The 740 has days - stock stock share 570 preceding stock entry towards November daily rising . acted (| sessions ) last to EMA It uptrend higher the 482 to lows has in price and opportunity is is retrace a corrective after resume of signals positive stochastic a the in (currently to seen | already the buy trendline strong eight and six peak 702 of 2020 a taking steady as 740 entire after recent Graphite just a it up higher resuming signals has bias sessions ) levels , . robust is support and taken thus decline A testing support move at 61 up the up session’s is breather recently shallow . | joining 8 higher in offers move % trend eight price 590 India seen base 80 thus and 5 the for up its its % of at is ) .

ICICI Securities – Retail Equity Research MOMENTUM PICK 715 April 23, 2021 April 23, Recommendation Weekly Bar Stock Picks Buy Tata Source: Bloomberg, Bloomberg, Source: Metalik Chart initiated on i on initiated Spider Software, Software, Spider (TATME) in (TATME) - click to gain at at gain to click the of range ICICI Direct Direct ICICI Research of Price 875.00 10:51 on April 20, 2021 20, April on 10:51 the breakout up move - 900.00 above thus offers 20 last EMA Weeks 688 two fresh months entry area A higher ICICI Ltd. Securities Retail| Equity Research 308 opportunity range signaling base (| 843 a above Change Target periods Weekly - 665 the ) signalling of : average previous 985.00 MACD polarity in strength thus major strong validates breakout and up continuation trend positive - - confluence Support and The T Duration: 14 days he bias taking 934 recent current @ of Stop | the 840 665 support breakout 843 week : Loss: Loss: as Target Target @ low it at 835.00 area is its the nine 985 • • • • Technical Observations validates its trend The and resistance Change adjacent area previous after The 934 of the head with We offers continuation signalling months a The the breakout - 665 acting nine 123 expect Weekly stock stock forming its towards and fresh as last ) . 6 positive of placed positive major % is has can periods two as has chart range has entry the seen MACD Polarity external above of support a | recently months recently higher strength trendline the be stock at reversed 985 opportunity taking bias momentum highlighting | is average up (| 985 seen the levels as in retracement to base breather rebounded move support generated strong levels last breakout 843 continue previous its in as at - 665 thus thus role two and it and 6 the the up at (| is a )

ICICI Securities – Retail Equity Research MOMENTUM PICK April 23, 2021 April 23, Recommendation DailyBar Stock Picks Buy TechnologiesKPIT in (KPITE) Source: Bloomberg, Bloomberg, Source: Chart initiated on i on initiated Spider Software, Software, Spider - click to gain at at gain to click ICICI Direct Direct ICICI the rangethe of 148 Research 14:01 on April 16, 2021 16, April on 14:01 Price breakout above a majorrising trendlinejoining previoushighs major 195.00 of Jan’21 and Mar’21highlighting accelerationof upward momentum - 199.00 offers A bullish Daily fresh flag 14 entry periods breakout opportunity ICICI Ltd. Securities Retail| Equity Research RSI signals is at the continuation Target cusp 130 of : generating 215.00 of the up a trend bullish place and confluence Support 174 lower and crossover since @ band December of 332 the Duration: 14 days thus of rising levels the supports Stop 2020 rising 20 as 207 Loss: Loss: days channel positive it 180 Target Target @ is 184.00 EMA the bias in 215 • • • • Technical Observations bias average crossover cusp The price upward highlighting Jan’ joining breakout April The placed the 138 coming head with We to trend signalling generated trough forming The ride . 21 previous 2 share expect daily stock % its structure towards and the of around 2021 (| in previous positive external higher momentum sessions above thus 148 14 offers price continuation next above a all generating is the bullish periods ) decline in has time | | and up validates in acceleration stock 215 a entry peak 215 strong momentum its major the retracement move rising Mar’ as frame registered levels flag nine levels RSI (| first and to opportunity and 21 of it a 207 up highs trendline breakout continue is . positive week periods (| the is bullish robust higher It - in at trend 174 180 and has 7 the the the up of of of of a ) )

ICICI Securities – Retail Equity Research MOMENTUM PICK April 23, 2021 April 23, Recommendation DailyBar Stock Picks Buy Indian in Energy Exchange(INDEN) Source: Bloomberg, Bloomberg, Source: Chart initiated on i on initiated Spider Software, Software, Spider Daily 14 225 - periods click to gain gain to click ICICI Direct Direct ICICI move A falling RSI and has the of range at at channel Research offers rebounded 14:16 14:16 fresh breakout on April 06, 2021 06, April on entry from 348.00 204 its containing opportunity previous - 355.00 last lows Strong two and ICICI Ltd. Securities Retail| Equity Research weeks volume is at the decline at cusp the Target of breakout signalling generating 323 : 385.00 area resumption a signal bullish larger place and confluence Support crossover of up lower participation since @ thus band December of Duration: 14 days 332 the supports of in rising levels the Stop the 392 2020 rising direction positive 20 Loss: Loss: as 328 days channel it bias of 332.00 is EMA trend the @ in Target Target 385 • • • • Technical Observations positive periods bullish and rebounded The price signalling at recently elevated signalling December The (| of levels and signalling two a It fresh signalling previous 61 breather fresh on trough forming Exchange The has 392 . falling the the 8 Tuesday % is opens share structure daily entry - weeks generated up as entire previous at lower in 329 crossover bias rebounded as higher it average the all channel retracement levels move resumption positive strength ) is is 2020 sustained price opportunity up from upside it 14 placed time the cusp session band rebounded in corrective up . periods corrective move is peak a 80 its after of strong frame The breakout above of bias containing well thus around % of towards taking Indian previous and move generating has retracement the of demand and two . stock and channeled The ( up up a validates of RSI from 294 its channel support resume | decline decline Energy robust higher weeks above | 385 offers move trend stock since - lows 355 nine 385 has has last 8 the the at a )

ICICI Securities – Retail Equity Research MOMENTUM PICK April 23, 2021 April 23, Market Activity Report Source : Bloomberg Japan EURO US 10 India (bps Yield change) Silver Copper Brent Gold Commodities($) Franc Swiss JPY USD GBP EUROUSD DollarIndex INRUSD Currency Commodities Currency/Yield/ Bond and Commodities Currency, Global , Investing, ICICI 9,401.00 1,789.45 Direct 107.92 26.23 65.71 91.20 75.12 -0.26 Close 0.92 1.38 1.20 0.07 1.56 6.05 Research 1 Day % % 1Day Change -0.006 -0.008 -0.024 0.000 -0.5 -0.1 -0.4 0.2 0.2 0.4 0.0 0.0 0.1 0.1 ICICI Ltd. Securities Retail| Equity Research HongKong Germany 1100 1500 1900 2300 -100 300 700 AdvanceDecline GlobalEquityPerformance Market France Japan China Brazil India US UK 12-Apr -1.3 - 0.9 13-Apr -0.8 - 0.6 - 0.6 Advances 15-Apr 1 Day1 Change -0.3 % Change 16-Apr Declines 0.2 0.1 19-Apr 0.7 0.6 20-Apr 0.8 0.8 0.8 0.9 1.2 22-Apr 9

ICICI Securities – Retail Equity Research MOMENTUM PICK April 23, 2021 April 23, Market Activity Report Source : Bloomberg, BSE Small Cap Small BSE IndexMidcap BSE 500 BSE Realty Power Oil&Gas Metal IT Healthcare FMCG DurablesConsumer CapitalGoods Bankex Auto BSE Nifty Sensex SectoralIndices Performance Indices Sectoral ICICI Direct Research 20,898.5 19,921.1 19,311.5 14,510.0 16,225.1 26,464.7 23,419.0 12,619.7 31,530.1 19,992.1 36,054.8 21,714.4 14,406.2 48,080.7 2,423.4 2,391.6 Close 1 Day % % 1Day Change -1.5 -0.2 -0.6 0.6 0.3 0.6 1.4 0.4 0.8 1.9 0.1 0.1 2.1 0.0 0.8 0.8 ICICI Ltd. Securities Retail| Equity Research Fund Flow activity of the last 5 sessions sessions last the5 of activity Flow Fund

Rs Crore Rs Crore -2,000 1,200 1,700 2,200 -800 -300 200 700 15-Apr 15-Apr - 980 527 16-Apr 16-Apr 438 658 19-Apr - 19-Apr 1,634 FII Date 2,356 Date DII 20-Apr - 20-Apr 1,082 1,323 22-Apr 22-Apr - 910 850 10

ICICI Securities – Retail Equity Research MOMENTUM PICK Source April 23, 2021 April 23, Trend Scanner MothersonSumi ITC HDFC NitriteDeepak NameScrip Bearish Candlestick BullishCandlestick Formations Formations Pattern Candlestick : Bloomberg, ICICI Patternname Piercingline Piercingline Engulfing Engulfing Direct Research 1598.00 2480.0 212.6 206.0 LTP ExideIndustries Pharma Wockhard Lupin NameScrip Patternname Shootingstar Continuation Engulfing ICICI Ltd. Securities Retail| Equity Research * Due 1060.0 172.0 518.0 LTP to technical problem Ultratech ExideIndustries ScripName Universe: Trend Negative 500 NSE Infoedge BalrampurChinni FluorineNavin SteelTata Wipro NameScrip Universe: 500 Trend NSE Positive there is no Nifty Heat Map 6092.30 4827.55 3197.50 in 171.85 268.00 921.40 486.65 Close Close this edition Change Change -1.75 -0.92 1.06 6.87 6.12 3.06 3.52 of % % Momentum 6680.00 4592.00 2839.00 20-Day 182.00 20-day 226.00 840.00 433.00 SMA SMA Pick Delivery Delivery Delivery (%) (%) 49 46 19 32 11 16 22 JindalSteel&power CadilaHealthcare BalrampurChini NameScrip High Weeks 52 Cipla CAMS NameScrip Stocks Overbought Grasim MahindraCIE BirlaSoft NameScrip Oversold Stocks 1300 LTP 2116 152 244 LTP 944 Stochastic Stochastic 442.00 552.00 268.00 11 LTP 16 13 19 81 80 ICICI Securities – Retail Equity Research MOMENTUM PICK Source BHARATFORGE CO BHARATHEAVY ELE BHARATELECTRON BHARTIAIRTEL BATAINDIA LTD BAJAJFINANCE LT AXISBANK LTD AUROBINDOPHARMA TYRESLTD APOLLO FINANCEAU SMALL ASIANPAINTSLTD HOSPITALSAPOLLO ALEMBICPHARMACE AMARARAJA BATT ASHOKLEYLAND ALKEMLABORATORI ADANIAND PORTS ADANIENTERPRISE ADANILTD POWER AMBUJACEMENTS ACCLTD AARTIINDUS LTD NIFTYBANK FUTURES NIFTY50FUTURES NIFTYBANK INDEX SENSEX BSE S&P NIFTY50 NameScrip BAJAJLT FINSERV BAJAJAUTO LTD BIOCONLTD BALKRISHNAINDS April 23, 2021 April 23, Intraday Supports : Bloomberg, ICICI Direct Research Neutral Positive Neutral Negative Positive Negative Negative Neutral Negative Neutral Negative Neutral Negative Neutral Negative Positive Positive Negative Neutral Neutral Negative Negative Neutral Negative Negative Negative Neutral Negative Neutral Negative Negative Trend 31762.85 48080.67 14406.15 9853.85 1297.45 1094.45 2511.25 3228.95 2797.35 1831.65 1418.15 14403.6 31782.6 3681.4 399.35 1680.4 588.65 126.05 530.85 4688.7 203.75 1004.9 796.05 1157.8 Close 113.1 737.8 295.6 658.7 993.2 44.7 87.2 and Resistance (Cash) 30960 14228 30948 47475 14229 9672 3604 1663 1277 4558 1029 2481 3186 2721 1131 1792 1402 ICICI Ltd. Securities Retail| Equity Research 397 573 123 527 641 973 201 984 787 111 703 289 S1 43 86 30157 14052 30112 46870 14054 9490 3528 1643 1258 4428 2450 3143 2644 1104 1753 1385 395 557 121 523 624 954 196 965 963 779 109 669 281 S2 43 84 29725 13949 29668 46536 13956 9370 3483 1629 1247 4350 2412 3069 2576 1085 1724 1364 391 549 119 519 615 933 194 925 941 772 107 648 277 S3 42 83 32195 14507 32227 48414 14503 9974 3725 1696 1308 4766 1013 1133 2550 3303 1028 2866 1177 1860 1440 403 598 127 534 668 207 802 116 759 301 R1 45 89 10094 32627 14610 32670 48748 14600 3770 1711 1320 4844 1034 1173 2588 3377 1051 2934 1196 1889 1461 407 607 129 537 678 210 809 118 779 305 R2 45 90 10276 33430 14786 33506 49352 14776 3846 1730 1338 4975 1053 1237 2619 3420 1071 3012 1223 1928 1478 409 623 132 541 694 214 817 120 814 313 R3 46 92 12

ICICI Securities – Retail Equity Research MOMENTUM PICK Source GODREJPROPERTIE GODREJCONSUMER GAILINDIA LTD FEDBANK LTD EXIDEINDUS LTD LTD ESCORTS EQUITASHOLDINGS EICHERMOTORS LABSREDDY'SDR LTD DLF DIVILTD LABS DEEPAKNITRITE DABURINDIA LTD CITYUNION BANK COALINDIA LTD COLGATEPALMOLIV COFORGELTD LTD CIPLA CHOLAMANDALAMIN LTD CESC CENTURYTEXTILE CADILAHEALTHCAR CONTAINERCORP CANARABANK BRITANNIAINDS BERGERPAINTS BHARATPETROL BOSCHLTD BANKINDIAOF BANKBARODAOF BANDHANBANK LTD NameScrip April 23, 2021 April 23, Intraday Supports and Resistance (Cash : Bloomberg, ICICI Direct Research Negative Negative Negative Negative Negative Negative Negative Negative Positive Neutral Negative Positive Negative Negative Negative Negative Negative Negative Neutral Negative Negative Positive Negative Negative Positive Negative Neutral Negative Negative Negative Negative Trend 13510.3 1330.25 2337.85 5199.85 3755.25 1598.55 2878.95 171.85 1172.9 566.15 125.05 1515.5 944.35 552.55 130.25 715.05 418.35 Close 704.1 71.75 75.55 159.5 551.2 580.8 550.8 64.15 63.05 309.5 3752 133 247 448 13351 1299 1152 2312 5142 3728 1563 1502 2823 3708 ICICI Ltd. Securities Retail| Equity Research 692 132 171 237 563 156 125 935 535 575 437 539 545 127 698 407 304 S1 71 75 63 62 13191 1268 1132 2286 5085 3700 1527 1488 2767 3663 681 129 170 226 559 153 124 925 517 570 428 525 540 123 681 396 298 S2 70 75 62 61 13079 1249 1108 2268 5011 3658 1504 1474 2669 3634 662 128 168 220 554 151 123 911 505 562 419 508 536 121 671 389 294 S3 69 74 61 59 13623 1350 1196 2356 5273 3798 1622 1531 2977 3782 722 136 173 254 572 161 126 959 565 587 456 570 554 133 725 425 314 R1 74 77 65 64 ) 13735 1368 1220 2374 5347 3840 1645 1545 3075 3811 741 137 174 260 577 163 127 973 577 594 464 587 558 135 735 432 318 R2 74 78 66 65 13894 1400 1239 2401 5404 3868 1681 1559 3131 3856 752 139 175 271 581 166 128 983 595 599 474 602 563 139 752 442 324 R3 76 78 68 67 13

ICICI Securities – Retail Equity Research MOMENTUM PICK Source ITCLTD INDIANRAILWAY C ICICIPRUDENTIAL INDIANOILCORP INFOEDGE INFOSYSLTD INTERGLOBEAVIAT INDUSLTD TOWERS INDUSINDBANK INDIABULLSHOUSI INDRAPRASTHAGAS IDFCFIRSTBANK VODAFONEIDEA LT HINDUSTANUNILEV HINDUSTANPETRO HINDALCOINDS HEROLT MOTOCORP HDFCBANK LTD HDFCLIFEINSURA HDFCASSETMANAG HOUSINGFINDEV TECHLTD HCL INDIA HAVELLS GUJARATGASLTD GRASIMINDSLTD GLENMARKPHARMA INFRASTRUCTUGMR GRANULESINDIA NameScrip April 23, 2021 April 23, Intraday Supports and Resistance (Cash : Bloomberg, ICICI Direct Research Negative Neutral Neutral Neutral Positive Neutral Neutral Negative Negative Positive Negative Negative Positive Negative Negative Neutral Neutral Neutral Neutral Negative Negative Negative Negative Negative Negative Negative Negative Neutral Trend 2783.35 1673.05 4827.55 2851.15 492.75 1351.1 1541.3 260.45 176.95 511.95 2349.4 355.85 1422.5 679.05 2479.7 1004.6 1300.2 332.35 Close 205.9 87.85 835.7 233.5 961.9 531.4 567.1 51.2 8.45 23 1631 4740 1343 1519 2324 2773 1387 2754 2407 1276 ICICI Ltd. Securities Retail| Equity Research 202 480 252 820 168 500 230 352 673 954 995 520 558 329 S1 88 51 23 7 1589 4651 1334 1497 2299 2695 1351 2725 2334 1252 198 467 243 805 161 489 227 348 667 946 986 510 549 324 S2 87 49 22 8 1564 4598 1324 1474 2266 2641 1331 2678 2295 1233 196 460 238 795 152 482 225 342 662 938 977 501 534 318 S3 87 48 22 7 1698 4882 1363 1564 2382 2906 1443 2830 2519 1013 1320 207 500 266 845 185 518 235 363 684 971 539 582 339 R1 89 53 23 8 ) 1723 4935 1374 1587 2415 2961 1463 2877 2558 1022 1338 210 507 271 855 193 525 237 370 689 980 548 597 346 R2 89 53 24 8 1765 5023 1383 1609 2440 3039 1499 2906 2631 1031 1363 213 520 279 870 201 536 240 374 695 987 558 606 350 R3 90 55 24 8 14

ICICI Securities – Retail Equity Research MOMENTUM PICK Source NATIONALALUMIN LIFEINDI NIPPON MUTHOOTFINANCE MINDTREELTD MOTHERSONSUMI MARUTISUZUKI IN LTD MRF MARICOLTD FINSERVICESM&M MAHINDRA&MAHIN MANAPPURAMFINAN FINANCIALMAX SE MAHANAGARGASLT PATHLABS LAL DR L&TTECHNOLOGY S L&TINFOTECH LTD L&TFINANCE HOLD &TOUBRO LARSEN LTD LUPIN HOUSINGLIC FIN KOTAKMAHINDRA INDIACUMMINS JUSTDIAL LTD JUBILANTFOODWOR ENERGYLTD JSW LTD STEEL JSW JINDAL&P STEEL NameScrip NCC LTD NCC NAVINFLUORINE I INDIA NESTLE LTD INDIA NBCC LTD April 23, 2021 April 23, Intraday Supports and Resistance (Cash : Bloomberg, ICICI Direct Research Negative Neutral Negative Negative Negative Negative Negative Negative Neutral Negative Negative Neutral Neutral Negative Negative Negative Negative Neutral Negative Negative Neutral Neutral Neutral Negative Neutral Positive Negative Neutral Negative Neutral Positive Trend 16790.45 3197.45 1146.95 2881.05 3915.25 1060.75 1736.05 2876.35 325.65 2032.2 212.55 6650.1 411.35 143.35 854.35 1091.6 2551.7 1336.8 386.85 856.55 640.75 78308 Close 90.45 863.6 99.65 441.6 73.35 56.65 174.7 799.7 40 16498 77594 3039 1125 2002 6571 1074 2846 2518 3865 1317 1043 1690 2806 ICICI Ltd. Securities Retail| Equity Research 323 202 409 168 789 141 839 380 835 846 617 432 S1 72 40 54 89 97 16205 76881 2881 1104 1973 6493 1056 2810 2484 3816 1296 1025 1644 2735 322 193 406 162 778 137 824 372 813 829 595 421 S2 70 38 53 88 96 15859 76128 2791 1087 1931 6441 1045 2748 2422 3749 1284 1620 2693 319 187 401 158 770 135 813 993 367 801 805 578 414 S3 69 38 52 86 94 17137 79060 3287 1163 2074 6701 1103 2944 2614 3981 1349 1093 1761 2920 327 217 416 178 809 147 864 393 869 888 101 656 450 R1 74 41 57 91 ) 17483 79813 3377 1180 2117 6753 1114 3006 2676 4048 1360 1125 1786 2961 330 223 420 182 816 149 874 398 881 912 104 673 457 R2 76 42 59 92 17776 80525 3535 1201 2146 6831 1133 3043 2709 4097 1381 1143 1831 3033 331 232 423 188 828 153 889 406 903 929 105 696 468 R3 77 43 60 93 15

ICICI Securities – Retail Equity Research MOMENTUM PICK TATACO POWER LT TORRENTPOWER TATAPR CONSUMER TECHMAHINDRA LT TATACONSULTANCY TATALTD STEEL NETWORK TV SUN PHARMAINDUSUN LTD SRF CEMENT SHREE LTD SIEMENS SHRIRAMTRANSPRT SBILIFEINSURAN STATEBANK IND AUTHORITY STEEL RELIANCEINDS LTD REC BANK LTD RBL GRID POWER CORP LTD PVR LTD PFIZER FINANCE POWER PUNJABBANKNATL LTD LNG PETRONET PIRAMALENTERPRI INDUSTRIESPI PIDILITEINDS PAGEINDUSTRIES OIL&NATURAL GA OILINDIA LTD LTD NTPC LTD NMDC NameScrip Source April 23, 2021 April 23, Intraday Supports and Resistance (Cash : Bloomberg, ICICI Direct Research Neutral Neutral Negative Negative Negative Positive Negative Negative Neutral Negative Negative Negative Negative Negative Positive Negative Negative Negative Negative Neutral Neutral Negative Negative Positive Negative Positive Negative Negative Negative Negative Negative Positive Trend 28521.95 29879.45 6108.55 1801.05 1326.25 1090.65 5221.55 1656.55 2576.65 384.25 3118.8 455.75 639.95 336.65 1906.4 125.35 176.35 203.45 229.85 1785.8 116.25 141.05 Close 94.25 665.5 967.8 921.4 914.4 94.05 106.4 103.1 98.95 33.9 28004 29636 3100 6054 1773 1300 1884 1050 5036 1640 2529 1760 ICICI Ltd. Securities Retail| Equity Research 379 659 957 899 450 632 899 328 124 171 201 105 224 102 115 139 S1 93 92 34 98 27485 29392 3081 5998 1745 1275 1861 1009 4849 1624 2482 1734 375 652 946 877 445 625 884 319 123 166 199 104 217 100 114 136 S2 91 88 33 96 26887 29124 3057 5926 1720 1259 1846 4527 1598 2428 1715 372 642 932 858 436 612 874 314 122 163 197 983 103 214 113 134 S3 90 86 33 99 96 29121 30148 3143 6182 1826 1341 1921 1117 5545 1683 2630 1805 386 677 981 941 464 652 925 343 126 178 205 107 234 104 117 101 143 R1 96 97 35 ) 29719 30416 3167 6254 1851 1357 1937 1143 5867 1710 2684 1824 389 688 996 961 473 665 936 347 127 182 207 108 237 106 118 102 145 R2 97 99 35 30237 30660 1006 3186 6310 1879 1382 1959 1184 6054 1726 2731 1850 393 695 983 478 672 951 357 103 128 186 209 110 244 107 120 104 148 R3 98 36 16

ICICI Securities – Retail Equity Research MOMENTUM PICK Source VEDANTALTD ULTRATECHCEMENT LTD UPL UNITEDSPIRITS UJJIVANFINANCIA UNITEDBREWERIES MOTORLTD CO TVS LTD TRENT TATALTD MOTORS TATACHEMICALS TITANLTD CO TORRENTPHARMA RAMCOCEMENT/THE NameScrip ZEE ENTERTAINMENZEE BANKYES LTD LTD WIPRO LTD VOLTAS April 23, 2021 April 23, Intraday Supports and Resistance (Cash : Bloomberg, ICICI Direct Research Negative Negative Positive Negative Neutral Negative Negative Negative Negative Neutral Negative Neutral Negative Negative Negative Neutral Negative Trend 1122.25 1480.85 486.65 938.55 6092.3 189.85 533.85 294.55 734.45 2576.7 975.05 Close 192.3 14.05 226.5 591.6 518.9 747.4 5967 1104 1460 2551 ICICI Ltd. Securities Retail| Equity Research 190 474 930 223 583 516 185 526 732 290 718 956 S1 14 5841 1087 1438 2524 187 461 922 221 574 513 180 518 716 286 701 939 S2 14 5712 1070 1403 2482 182 451 911 218 566 510 177 513 707 279 691 926 S3 14 6222 1138 1517 2620 198 496 949 228 600 521 193 538 757 300 745 987 R1 14 ) 6351 1155 1552 2662 1001 203 507 960 231 608 525 196 544 766 306 755 R2 14 6477 1172 1574 2689 1018 206 519 968 233 617 527 200 551 782 310 772 R3 14 17

ICICI Securities – Retail Equity Research MOMENTUM PICK 30-Apr 28-Apr 23-Apr 24-Apr UK 30-Apr 29-Apr 28-Apr US Date Source April 23, 2021 April 23, Forthcoming Economic Event Calendar : Bloomberg, ICICI Direct Research FOMC Rate DecisionRate FOMC(Upper/Lower Bound) Nationwide House Px NSA YoYNSA Nationwide Px House AutoEx MoM FuelRetailSales CBIRetailing Reported Sales Lloyds Business Barometer Business Lloyds GDP AnnualizedGDP QoQ MNI ChicagoMNI PMI Event ICICI Ltd. Securities Retail| Equity Research 30-Apr India 30-Apr 27-Apr 23-Apr China Date FX Net SettlementClientsCNY - Net FX EightInfrastructure Industries IndustrialYoY Profits ManufacturingPMI Event 18

ICICI Securities – Retail Equity Research MOMENTUM PICK 20-Apr-21 19-Apr-21 16-Apr-21 Date Duration: Cash Positional 22-Apr-21 22-Apr-21 22-Apr-21 Date Duration: Intraday April 23, 2021 April 23, Momentum Picks: Strategy Follow up Syngene InternationalSyngene AjantaPharma CaplinPoint Scrip Scrip Lupin Nifty PVR IdirectCode AJAPHA CAPPOI SYNINT Idirect LUPIN Code Nifty PVR Strategy Strategy Buy Buy Buy Sell Buy Sell Recommended Price Recommended RecommendedPrice 1044.00-1047.00 1087.00-1090.00 14220-14245 ICICI Ltd. Securities Retail| Equity Research 1770 485 585 1035.60/1025.00 1098.40/1109.00 14181/14128 Targets 1935.00 Targets 540 640 14285.00 1685.00 1055.90 1078.10 448.00 552.00 SL SL Gain/Loss % Gain/Loss% (53)points -1.00 4.00 8.00 4.00 - No trade(Opened No target)near Book 50%Bookprofit 1838.0 at Book 50%Bookprofit 610.0 at Book profit525.0Book at Stoploss triggeredStoploss triggeredStoploss Comment Comment 19

ICICI Securities – Retail Equity Research MOMENTUM PICK April 23, 2021 April 23, Gladiator Stocks: Open Recommendations Allrecomedationssegmentthe inCash are 10-Dec-20 23-Mar-21 16-Apr-21 1-Apr-21 8-Apr-21 8-Apr-21 8-Apr-21 Date RatnamaniMetals Scrip Name Scrip Bergerpaints L&TInfotech AbbottIndia Infoedge Timken Escorts Strategy Buy Buy Buy Buy Buy Buy Buy Recommendations Price Recommendations ICICI Ltd. Securities Retail| Equity Research 15300-15000 1920-1980 4300-4350 4700-4800 1310-1355 1220-1245 730-745 17920.00 2300.00 4950.00 5450.00 1548.00 1420.00 Target 830.00 Stoploss 13910.00 1755.00 3815.00 4395.00 1230.00 1140.00 675.00 Time Frame Time 6 Months6 Months6 Months6 Months6 Months6 Months6 Months6 Back to Top Top to Back 20

ICICI Securities – Retail Equity Research MOMENTUM PICK Source Graphite April 23, 2021 April 23, Price history of last three years Tata : Metalik Spider Software, ICICI Direct Research ICICI Ltd. Securities Retail| Equity Research KPIT KPIT Technologies Indian EnergyExchange 21

ICICI Securities – Retail Equity Research MOMENTUM PICK • • • • Trading • • • • • • • • • April 23, 2021 April 23, Product Guidelines...... amount For Within Please products It Medium Only unless recommendations The If 1 In position We recommendation Once In case the In st the is case case case Target report adapt example portfolio recommended Intra of stocks recommended the each avoid of communicated Nifty of of to to to recommendation (tolerance . positional a day intra intraday each the The long trading in product : future allocating allocation The derivatives entry recommendations day - stock recommendation term maintain ‘Momentum are stock execute strategy Nifty to recommendations, of point segment intra prospects recommendation spread 3 otherwise valid the points) futures recommendations, day segment (In stop entire is after of only case executed, it stock out booking is loss Pick’ of and recommendation, the trading through for advisable are the of a have hits on stock trail first positional product the trading valid daily 50 execute has it the been corpus stop 5 prescribed is separate % does minutes target to advisable to only execute profit closing loss corpus carries considered allocate be stock not the to for price execute to when a mail once of have recommendations basis single cost period recommendations) the the in 2 trade to equal ICICI Ltd. Securities Retail| Equity Research to before or a recommendation maintain the any trade day for for proportionate 4 on after stock and intraday and position amount remaining bearing intra i and - getting within click up the or are strict day should to a to first to to on is single recommendations +/ 03 activated, recommendations gain in stop in each positions be : - manner the 5 00 the 0 profit is minutes be . page 25 squared product pm intra loss activated, range recommendation % squared by then of between as day 4 provided of the provided segment - off 5 it view trade % consider is recommended off . at It and considered the the is by and in trail in advisable various 15 end the the booking only : stop 10 report of report not hrs up technical mentioned range loss to . 50 initiated to . The allocate For on % 11 provided profit : remaining positional positional 00 research period am equal near . In in 22

ICICI Securities – Retail Equity Research MOMENTUM PICK April 23, 2021 April 23, Source Recommended product wise trading portfolio allocation Gladiator Stocks Yearly Cash Positional Momentum Picks Intraday Momentum Picks : Product ICICI Direct Technical Research Product wise - - allocation 25% 10% 100% 35% 25% 5% Allocations Max Max allocation In 1 Stock 10 12 30 8 - - - 10% - 13% - 15% 50% Number Number of Calls 8 ICICI Ltd. Securities Retail| Equity Research OpportunityBased - 2 10 7 Stocks - 9 Per Year Per Month Return Return Objective 20 15 1 5 - - 2% - - 8% 30% 20% 14 Days Intraday 6 Months Duration 1 Year 23

ICICI Securities – Retail Equity Research MOMENTUM PICK EveningStar the in Hammer following session should be no, or a very small, upper shadow. Pattern suggestsbuying during support declines and needs confirmation in terms Hammer support for prices culminates in a white real body that closes (e.g. pierces) than half or way more into the prior black body. Lowestlow betwee PiercingLine prices candle forms (ideally a small black candle). Next, a white real around body wraps the prior session’s black body. Low of the Bullish Engulfing Line the displays bulls are gaining the upper hand. low Lowest amongst three candles becomes technical support The next candle line Morning Star to the placement of the within pattern larger trend for a chart reader. themselves, By the dopatterns not carry any price only target but an indication of change in beha market Candlestick describe patterns the sentiment market for the specified period. Some of the formations suggest reversal of senti the remark Continuation Pattern refers to bullish or bearish candlestick patterns which suggestcontinuation of existing tren which describe the continuation of existing i.e. sentiments bullish or bearish. We have refrained from mentioning names of th Continuation Patterns upper shadow. The candle line should also have little or no lower shadow. Pattern suggestthe trouble for prices overhead StarShooting session’s white body. Pattern has suggeststhat market a poor chance of rising immediately prior session’s high (or above the prior session’s close). By the end of the second session, closes it near the low of the se DarkcoverCloud (classically a small white candle) Highest high between candles two becomes resistance level for prices for future reference Bearish Engulfing Line reversed candle line Candlesticks Glossary April 23, 2021 April 23, : A candlestick : line which, during a downtrend, has a very long lower shadow and small real body (black or white) at the top -- the small real body : Potential Potential : Top reversal made pattern of three candle lines. Comparable a with traffic signal. white candle First reflects a : Potential bottom reversal Apattern. black body forms in the downtrend. The market continues moving south on the next sessi : Potential : Potential reversal bottom made pattern of three candle lines. The first sizeable black candle reflects a market in which th : A : single candlestick line during a rally in which there a is small real body (white or black) at the end bottomof the sess : A dark A dark cloud : cover forms a reversal top The pattern. first session should be a strong, real white body. The second session’ -- the small real body : A potential bottomreversal pattern. This pattern appearstypically at the culmination of a decline or downtrend. The marke : Other than widely known Candlestick reversal discussed patterns above, there are numerous mentioned patterns in literature : Potential top reversal signal. This two candlestick emerges pattern during a rally. A black candle real wraps around body a — warns waning waning warns momentum. The black candle that completes the evening exhibits star visually that -- shows shows a slight diminution of the bearish force. The white candle that makes theup la ICICI Ltd. Securities Retail| Equity Research ssi d vio on on and should fall well into the prior pat ese n n t men ur. ur. More importance needs to begiven st partof the morning star visually of tern becomes becomes tern supportfor term short wo candles candles wo is referred to as technical patterns to avoid topatterns avoid confusion. However, t (trend) and, therefore, are important sustainability sustainability of prices above head of prior trend prior up has or stopped mar end ion e b ket in ket in bullish The trend. next 's range and a very long of the session’s range. There ears ears are in complete charge. on’ s p s open but that session rice rice opens over the t f wh alls, alls, and a black on ite real body Candlestick Candlestick 24

ICICI Securities – Retail Equity Research MOMENTUM PICK April 23, 2021 April 23, Pankaj Pandey ICICI Ltd. Securities Retail| Equity Research [email protected] Mumbai (East) Andheri No7,MIDC, Road 1st Floor, ICICI Securities Limited, Direct ICICI Head – Research – Akruti 400 093 400 Research Desk, Research Trade Centre, Trade pankaj . pandey@icicisecurities . com 25

ICICI Securities – Retail Equity Research MOMENTUM PICK Disclaimer April 23, 2021 April 23, restriction. may herein or may notforeligible be sale in all jurisdictions or tocategory certain of investors. Personsin whosepossess publication, availability or use contrary wouldbe to law, regulation or whichwouldICICIsubject and Securities affiliates Thisis notfor reportor distribution intended directed to, or use by, any person whoor entity is a orcitizen residentof We submit that nomaterial disciplinary hasaction taken beenon ICICI by Securities any Regulatory Authority impacting Equit the Research Analysts nor ICICI haveSecurities engaged been in market making activity for the companiesmentionedin rep the company/companiessubject mentionedin this report. ICICI may Securities have issuedreportsother that are inconsistentwith Since associates of ICICI andSecurities ICICI asSecurities a entity are engaged in various financial service businesses,th their relatives donot own1% or more of the equity securitiesof Companythe mentionedin the reportas of the last day of t Compensation of Researchour Analysts is not basedon any specific merchant banking, investment banking or brokerage service relatives have any material ofconflict interest at the time of publication of this report. compensationorbenefits other from the companies mentionedin theor thirdreport party preparationwith in connection of th in researchICICI encouragesSecurities preparation reportindependence and strives to minimize in conflict preparation of re services in respectof managing or co twelve months. 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ICICI orSecurities subsidiaries its collectively or ResearchAnalysts or s s ubscribed to thisubscribed report, byhere certify that all of the views expressedin this is tered with Insurance Regulatory Development Authority of India – INH000000990. ICICI Limited RegistrationSecurities SEBI etcas opposed to focusingopposed ona company's 26

ICICI Securities – Retail Equity Research MOMENTUM PICK