IntradayrecommendationsPositionalcurrent recommendationsforsegment monthare futures. in cash are 2-Jun-20 Date Open recommendations 8-Jun-20 9-Jun-20 9-Jun-20 9-Jun-20 Date New recommendations Momentum [email protected] MukherjeePabitro [email protected] Dharmesh Shah Research Analysts Tata Elxsi Tata Scrip HPCL Scrip Nifty Picks I-DirectCode I-DirectCode BIOCON TATELX HINPET WIPRO Nifty Action Action Buy Buy Buy Buy Sell [email protected] VinayakParmar [email protected] Nitin 10264.00-10292.00 Kunte InitiationRange InitiationRange 790.00-810.00 210.00-218.00 226.00-227.00 380.50-382.50 , , CMT 10226.00/10172.00 228.90/231.50 384.90/388.50 910.00 Target 244.00 Target Stoploss 10331.00 Stoploss 748.00 198.00 223.90 377.90 [email protected] Ninad Tamhanekar June 9, 2020 9, June Duration Duration 14Days 14Days Intraday Intraday Intraday , CMT , SUBSCRIBE Open Recommendations Recommendations Open Click here to know more… know to here Click PidiliteInd IndiaBata ShilpaMedicare 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 NSE (Nifty): 10167 Source auguring broad March secondary higher Structurally, should act trading - it any concept weeks upward robust - rejuvenation above market consolidation accelerated benchmarks, process, 9900 - would 10550 up to of emerging strong towards ( - close, opening - Technical midcap, points firm Equity Day 10328 Going Technical Outlook Failure should In The maintain CY The move as cool that ) the : global 20 Bloomberg, amid indicating based ) 50 now benchmarks stiff positive b) price up be price breadth 2020 or range peak ahead, elongated at small the was erstwhile decline would off 10500 coming be well to towards days Outlook markets as we used move 9900 0 corrective resistance, act stock same cues capitalised . . from sustain index … the of 25 action upward participation structure . per and for (~ The cap as expect we as EMA Meanwhile, % correlation broad as to Spider, in as 210 profit lead . ( index further ( . 29569 change here session, specific rhythm . resistance 8997 61 create The rose both over formed resistance believe As coming trough acceleration it up Broader started formed above . compared points) 8 is based move % the to ICICI booking momentum on hence that Nifty broader on move 0 resolved - 80 confluence – 18214 up . Nifty short retracement 5 of 10328 further action should % of US indicates % follow a as has Direct we the after 10300 move weeks makes we a sizable positive participation , amid markets components ended near polarity, incremental of 1 market intraday counter ), along position been . week expect at midcap to 25 ), have Research at 9890 of that market out through maintaining not higher % in last stock at acceleration 61 would 27295 as us of bear rejuvenation , on upward Monday’s coming observed correlation . on 9820 of have respectively would with 8 be of would relatively seen a) week’s earlier it confident % attack pullback index for April an specific entire the levels and considered candle . is 38 . to buying strength of lead of approached We target b) shallow optimistic . a) 2 significant make weeks CNX preceding % momentum relatively now breakout candle, breakdown to high reading as small in since the CY expect in session to of and retracement towards and action outperformed developed trade to of opportunity . of per recently 20 500 consolidation market act above . ( rhythm upward upward 10172 9890 revise throwback closed as fall extend beginning cap change as note of index domestic as . 80 within negative at improvement As outperform up of ( ) 40 despite 12450 10264 Monday’s support % area run healthy supported and 10167 indices support supported % 10300 near move, markets of momentum, five the retracement have momentum of , of up Monday’s indicating - formed of arresting past 7511 . as of ongoing signifies – markets Friday’s , polarity ( stocks gap Instead . . week’s 10300 closed would 10600 up 10292 In Thus, CY since have base Nifty high ), two and the the up by by 25 20 in at a - ICICI Ltd. Securities Retail| Equity Research 10326.75 Open NSE Nifty Daily Nifty NSECandlestick Chart specific 9900 consolidation acceleration, would strength Follow Daily Stochastic pointing downward,indicating impending breather ) lead action 12430 amid above 10328.50 High to ( through 10300 further 10300 stock else - 10120.25 Low 7511 Key 10167.45 Close 8055 support breakdown 8997 10329 * SGX Nifty at 7:30atam Nifty SGX * Nifty SGX Indexcap Small IndexMidcap BSE500Index FuturesNifty NIFTYIndex Index SENSEX Indices Domestic Indices Trend 200EMA day 20EMA day Resistance Support Stoploss Target Range Price Action FutureNify Intraday Recommendation Nifty TechnicalNifty Picture Sectors in Sectorsfocus (Intraday): midcaps, Insurancemidcaps, IT, Positive: 13208.57 10165.35 10167.45 34370.58 10220.00 11965.33 12583.61 Pharma 10250-10330 10140-10090 Close Intraday , Telecom, , 1ChgDay 10226.00/10172.00 10264.00-10292.00 110.16 54.65 29.45 39.60 19.80 25.30 83.34 1 Day % Chg 1% Day Shortterm 10331.00 10576 10500 9593 9700 0.54 0.93 0.23 0.30 0.20 0.25 0.24 Sell 2

ICICI Securities – Retail Equity Research MomentumMOMENTUM Picks PICK recent indicating Among • • • • Technical the 0 high booking The . Source June 2020 June 9, Technical Outlook Bank 7 % - - 21410 towards to reacting note as considered healthy weeks daily action We the healthy amid lead Going 2020 session level the The session In the 50 Bank ( lead incremental 21797 witness the : % sharp confluence index daily Bloomberg, the believe bullish on high and to stochastic and retracement stock with will Outlook Nifty, ahead, sharp impending . . coming by back reacted oscillators at The consolidation lower 21580 ) Thus, . price rally gave ( after closed help the 21187 21967 Index a Nifty gap selling as after specific stoploss index Spider, any up of of failure - private from buying negative of action up 21640 session, index a any area strong oscillator lower , move ) more however gap the almost a up temporary most breather ICICI of the has pressure strong the cool of by recent following to to activity formed of for up banking opportunity Direct than daily from in global of . June major : Apr’ 152 of cool 21710 Bank close Instead 600 creating opening (currently off more the 21187 its gap closed Research in 20 20 rally stochastic points near 1 off in a points cues from support breather gains % , which Nifty the broad above stocks technical highs 2020 counter up than pullback the in 17105 it earmarked short coming failed . in on opening, or the should . is However, here at overbought The ( lower quality . so 20 will 19297 range April 0 a opening around The - 66 remain . last 21619 attack 7 % amid position positive we . observations to % index ) on make So sessions owing and . be two Bank - high from sustain expect 19633 banking witnessed of target should ) as bear stock use capitalised in at 19500 on make weeks on 22000 condition for ( Nifty the down note the its 19360 21967 to ) a Monday’s up candle the at after target and intraday last stocks positive index specific not : market market - as higher ended 19500 up move index profit trend ) two Apr it will the on be by as of of is is ICICI Ltd. Securities Retail| Equity Research Major 32613 21636.10 Open Bank support Nifty Nifty breakdown 21807.40 High Index impending breather Daily Stochastic pointing downward,indicating – WeeklyCandlestick Chart 20911.25 Low 16116 21187.35 Close 21967 17105 21807 NiftyBank Indices Support Trend BankNifty Technical Picture 200EMA day EMA 20day Resistance Nifty BankNifty changedaily 21187.35 21410-21640 20910-20700 Close Intraday Change 152.85 Shortterm Change% 25460 19677 22000 19500 0.73 3

ICICI Securities – Retail Equity Research MOMENTUM PICK Source June 2020 June 9, (WIPRO Wipro Stock Picks Biocon : Bloomberg (BIOCON ) , – ) Spider, Daily – Daily candlestickChart ICICI candlestickChart Direct Research signaling The stock positive is consolidating bias EMA 200 and days Daily ICICI Ltd. Securities Retail| Equity Research offers at indicating A 14 bullish the fresh periods 38 Flag . 2 strength entry % RSI Daily retracement breakout opportunity in and MACD up trend continuation and in of price forming up the trend closed previous of higher sustaining the above up high up move move the Duration: Intraday thus above 200 supports its days nine 342 EMA positive periods the previous up retracement ofretracement move 343 400 38.2% bias average - 400 StopLoss Target Range Initiation Rationale Action CMP StopLoss Target InitiationRange Rationale Action CMP Technical Observations Technical Observations continuationmove upthe of indicatingstrengthand EMA200 the days above closed Apricebullishandbreakout Flag buy modebuy inMACDand move upprevious the38.2% retracement of consolidatingis the at stock The 228.90/231.50 226.00-227.00 384.90/388.50 380.50-382.50 226.10 223.90 382.00 377.90 Buy Buy 4

ICICI Securities – Retail Equity Research MOMENTUM PICK Recommendation initiated on i on initiated Recommendation June 2020 June 9, Stock Picks Daily Buy Source: Bloomberg, Bloomberg, Source: Hindustan PetroleumCorp 328 Bar Chart Bar Spider Software, Software, Spider - click to gain at at gain to click (HINPET) (HINPET) ICICI Direct Direct ICICI Falling in of in rangethe Research 10:02 on June 08, 2020 08, June on 10:02 trendline The daily breakout 14 EMA 50 210.00 periods Days confirms - 218.00 RSI sustaining conclusion ICICI Ltd. Securities Retail| Equity Research above of Target corrective its nine : 150 244.00 periods phase, average 164 auguring thus well validates 228 for next leg positive Duration: of up bias Stop move 170 Loss: Loss: 14 198.00 support Target @ days @ 198 244 • • • • • Technical Observations 2020 seen retracement sessions towards upward We indicating above periods Among placed confluence move 23 support On demand area strong support stock seven formation has Structurally, ride offering of corrective conclusion the (| highs sloping breakout The 229 . 6 50 primary expect % next share the during ) (| undergone of indicates days (| retracement and months at rebound has its 320 trend fresh is Oct’ oscillators, threshold RSI leg | | momentum 170 downside, strength near price phase as from 198 placed the nine has 244 – EMA with October’ 19 of we of bounced 164 up line entry is – stock up | on (| it also last of from logged levels believe 205 elevated ), periods (| 50 160 seen and a drawn the trend 328 move at at of two of 196 is opportunity major ), closed 2019 days the strong to | as ) | we key | ongoing resumption which 246 ) and . and in downward from secondary the 198 accelerate sustaining a occasions indicating over the 160 adjoining daily Thereby resolute – average support EMA coming believe decline buying Apr’ March above . being stock head base 50 past also The key 6 up 14 20 % to is

ICICI Securities – Retail Equity Research MOMENTUM PICK Recommendation initiated on i on initiated Recommendation June 2020 June 9, Stock Picks Daily Buy Source: Bloomberg, Bloomberg, Source: Tata Bar Chart Bar Elxsi (TATELX) (TATELX) Spider Software, Software, Spider in in the of range 200 - click to gain at at gain to click days ICICI Direct Direct ICICI SMA The 790.00 Research 10:25 10:25 daily 1071 - 810.00 RSI on on generated June 02, 2020 02, June bullish crossover, 19 days rising A 500 resolute ICICI Ltd. Securities Retail| Equity Research rally volumes, thus breakout validating Target indicating from : our 910.00 downward continuance positive 860 bias sloping of positive channel momentum base days healthy A formation slower Duration: consolidation 24 formation SMA, consolidation Stop on retracement days indicating the 740 Loss: Loss: back 14 748.00 of at Target @ higher signal days 910 200 • • • • • Technical Observations around the 138 towards upward We validating generated Among consolidation near immediate We indicates 785 above 500 previous retrace It next fresh momentum continuance back sloping breakout The has . . - last expect 2 860 A leg % of stock already believe, entry slower 200 | lower decline channel rising and of oscillators, external merely 906 inherent | momentum 19 our up bullish from support the . 910 days formed sessions levels opportunity logged (| taken positive move retracement volumes, Thereby stock (| 740 the levels formation band SMA, strength the of 38 860 crossover, retracement at ) 24 the . a 2 to - | bias % higher 740 stock a up sessions and 748 downward being accelerate indicating placed daily of resolute ) move positive offering to of signals on placed as head base thus ride it has RSI 6 the the the the of to at is |

ICICI Securities – Retail Equity Research MOMENTUM PICK June 2020 June 9, Market Activity Report Source : Bloomberg Japan EURO US 10 (bps Yield change) Silver Copper Brent Gold Commodities($) Franc Swiss JPY USD GBP EUROUSD DollarIndex INRUSD Currency GlobalCurrency, Commoditiesand , Investing, ICICI Direct 5,699.50 1,705.20 108.16 17.91 41.27 96.69 75.44 Research -0.31 Close 0.95 1.27 1.12 0.04 0.85 5.80 Bond 1 Day % % 1Day Change -0.01 -3.82 0.47 0.00 -0.2 0.0 0.0 0.0 0.1 0.1 0.2 1.1 0.0 0.0 ICICI Ltd. Securities Retail| Equity Research HongKong Germany GlobalEquityPerformance Market France 1000 1500 2000 Japan AdvanceDecline China Brazil 500 India US 0 UK -1.0 29-May - - 0.4 0.5 - 0.2 - 0.2 1-Jun 0.0 0.2 0.3 Advances 1 Day Change 2-Jun 1 Day1 Change % Change 1.0 1.1 3-Jun Declines 2.0 1.7 4-Jun 3.0 5-Jun 3.2 8-Jun 4.0 7

ICICI Securities – Retail Equity Research MOMENTUM PICK June 2020 June 9, Market Activity Report Source : Bloomberg, BSE Small Cap Small BSE Index Midcap BSE 500 BSE Realty Power Oil&Gas Metal IT Healthcare FMCG Durables Consumer CapitalGoods Bankex Auto BSE Nifty Sensex IndiaSectoral- Sectoral Indices SectoralPerformance ICICI Direct Research 11,965.3 12,583.6 13,208.6 12,885.5 14,819.0 16,014.8 11,034.5 21,022.8 12,953.0 24,235.7 14,961.2 10,167.5 34,370.6 1,565.5 1,569.8 7,394.6 Close 1 Day % % 1Day Change -0.3 -0.2 -0.6 -0.9 0.9 0.2 0.3 0.0 2.8 1.7 0.0 0.7 0.4 0.7 0.3 0.2 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 1,200 2,200 3,200 4,200 5,200 6,200 7,200 8,200 9,200 -800 200 -1,500 -1,100 -700 -300 100 500 2-Jun 7,498 2-Jun 441 1,851 3-Jun 3-Jun - 782 FII DII 2,905 4-Jun Date 4-Jun Date - 847 5-Jun 98 5-Jun 47 8-Jun 813 - 1,238 8-Jun 8

ICICI Securities – Retail Equity Research MOMENTUM PICK

Britannia Infratel Grasim ONGC Bharti Kotak Ports Adani Wipro GAIL GalaxySurfactant GDL NameScrip Bearish BullishCandlestick Candlestick Formations Formations Bank Titan Heat Map Heat GAIL HUL SBI Ind CandlestickPattern Source June 2020 June 9, Trend Scanner

: - - - 3,427 - - 1,337 2,112 1,025 0.6% 1.2% 3.4% 4.6% 7.1% Bloomberg, 2.6% 1.6% 1.2% 0.5% 0.1% 230 617 187 343 105 91

Patternname

Belthold line Belthold line

Continuation Continuation

Vedanta Indusind Motors M&M NTPC HDFC Bank Bank Tata UPL TCS ITC ICICI

Direct - 2,072 - - 1,016 - - 0.6% 1.1% 2.5% 4.2% 6.9% 2.8% 1.7% 1.2% 0.6% 0.2% 471 198 437 105 721 115 452 99 1394.6 226.5 105.0

Research 90.6

LTP

DrReddy Hindalco Reliance Maruti Power Eicher Moto BPCL Hero Grid Ind. IOC Timken EnterprisePiramal Indigo Mothersonsumi NameScrip

16,895 - - - 3,968 - 1,570 - 5,735 2,801 2,384 6.6% 0.5% 0.9% 1.9% 4.1% 3.4% 1.9% 1.4% 0.8% 0.2% 146 172 394 93

Axis Bank Ultratech TechHCl Cement Pharma Finserv TechM Nestle Paints Shree Asian Bank Bajaj ICICI Sun Sun

21,181 16,836 - - 3,778 - - - 1,634 5,441 Belthold line Patternname 0.4% 0.7% 1.8% 3.9% 6.2% 4.1% 2.4% 1.5% 1.1% 0.3% 489 578 360 590 430 Engulfing Engulfing Engulfing

Tata Steel IndiaCoal HDFCLtd Zee Ent. Zee Finance Bharti Wipro Steel JSW Airtel Bajaj L&T

ICICI Ltd. Securities Retail| Equity Research - - - - - 1,761 2,507 1085.0 1117.3 0.1% 0.6% 1.3% 3.5% 4.9% 4.4% 2.4% 1.6% 1.1% 0.3% 197 635 334 195 585 961 147 226 936.0 99.3 LTP

DrReddy BPCL TCS AxisBank NameScrip Shriramtransport Finance NameScrip Positive Trend Universe: NSE 500 NSEUniverse: Trend Positive Negative Trend Universe: NSE 500 NSEUniverse: Trend Negative 3968.00 2072.00 394.10 430.25 632.00 Close Close Change Change -1.42 6.63 1.15 6.16 2.74 % % 3871.00 1988.00 20-Day 328.00 385.00 605.00 20-day SMA SMA Delivery Delivery Delivery Delivery 24.15 31.06 21.34 14.94 27.5 (%) (%) Coffee day Coffee NameScrip RelianceIndustries AstrazenecaPharma Alkylamine NameScrip Deepak nitriteDeepak MCX NameScrip Polycab NameScrip Oversold StocksOversold 52 Weeks Low 52 WeeksHigh 52 Overbought Stocks 491.85 1199.8 802.35 560.6 LTP LTP Stochastic Stochastic 9 1572 3380 2119 LTP 19.4 LTP 80.9 81.5 6.8 16

ICICI Securities – Retail Equity Research MOMENTUM PICK BAJAJLT FINSERV BAJAJAUTO LTD BIOCONLTD BALKRISHNAINDS BHARATFORGE CO BHARATHEAVY ELE BHARATELECTRON BHARTIAIRTEL BATAINDIA LTD BAJAJFINANCE LT AXISBANK LTD AUROBINDOPHARMA TYRESLTD APOLLO ASIANPAINTSLTD HOSPITALSAPOLLO AMARARAJA BATT ASHOKLEYLAND ADANIAND PORTS ADANIENTERPRISE ADANILTD POWER AMBUJACEMENTS ACCLTD NIFTYBANK FUTURES NIFTY50FUTURES NIFTYBANK INDEX SENSEX BSE S&P NIFTY50 NameScrip BHARATPETROL BOSCHLTD BANKINDIAOF BANKBARODAOF Source June 2020 June 9, Intraday Supports : Bloomberg, ICICI Direct Research Positive Positive Positive Positive Positive Negative Negative Positive Positive Positive Positive Positive Positive Positive Positive Negative Positive Positive Positive Neutral Positive Positive Positive Neutral Positive Neutral Positive Positive Positive Positive Positive Trend 11353.45 21170.25 10165.05 21187.35 34370.58 10167.45 5440.95 2801.05 1154.85 2507.25 1634.25 1364.05 1274.05 381.25 585.15 430.25 750.85 106.35 662.75 152.65 191.45 Close 53.05 343.3 38.55 394.1 42.35 45.75 27.95 74.65 1402 363 and Resistance (Cash) 11054 20769 10079 20797 34078 10082 5369 2760 1141 1381 2472 1620 1342 1256 ICICI Ltd. Securities Retail| Equity Research 382 376 353 578 415 735 105 652 340 150 189 S1 42 45 27 73 50 38 10754 20367 20406 33787 5297 2718 1126 1359 2438 1606 1319 1239 9993 9997 368 369 344 572 399 718 103 641 337 146 185 S2 41 43 27 72 47 37 10356 19864 19900 33362 5234 2691 1102 1323 2400 1583 1286 1208 9874 9873 360 361 335 564 385 706 101 624 334 142 181 S3 40 41 26 69 45 36 11752 21674 10285 21693 34794 10290 5504 2829 1180 1439 2544 1657 1398 1303 403 392 372 593 446 763 108 681 347 157 198 R1 44 49 28 76 54 40 12150 22177 10405 22198 35219 10413 5567 2856 1204 1475 2582 1680 1431 1333 412 401 382 601 461 774 111 697 351 162 203 R2 45 51 29 78 57 41 12451 22578 10491 22589 35510 10498 5639 2898 1219 1497 2617 1694 1454 1350 425 407 391 607 477 792 112 709 354 165 206 R3 46 52 30 79 59 42 10

ICICI Securities – Retail Equity Research MOMENTUM PICK HCL TECHLTD HCL INDIA GRASIMINDSLTD GLENMARKPHARMA INFRASTRUCTUGMR GODREJCONSUMER GAILINDIA LTD FEDBANK LTD EXIDEINDUS LTD LTD ESCORTS EQUITASHOLDINGS EICHERMOTORS LABSREDDY'SDR LTD DLF DIVILTD LABS DABURINDIA LTD COALINDIA LTD COLGATEPALMOLIV LTD CIPLA CHOLAMANDALAMIN LTD CESC CENTURYTEXTILE CADILAHEALTHCAR CONTAINERCORP CANARABANK BRITANNIAINDS BERGERPAINTS NameScrip HINDALCOINDS HEROLT MOTOCORP HDFCBANK LTD HOUSINGFINDEV Source June 2020 June 9, Intraday Supports and Resistance (Cash : Bloomberg, ICICI Direct Research Positive Positive Positive Positive Negative Negative Positive Negative Neutral Negative Positive Positive Negative Negative Positive Neutral Negative Positive Negative Neutral Positive Negative Negative Positive Positive Positive Negative Positive Positive Positive Neutral Trend 16894.85 2413.05 146.35 2384.3 1015.9 1760.8 578.25 617.15 399.75 658.55 104.75 960.95 3967.6 152.95 1354.9 146.65 411.55 3426.8 Close 458.1 146.7 635.1 649.2 318.1 353.2 100.6 499.5 546.1 20.15 48.15 158.7 49.3 16501 2346 1733 3929 2342 1340 3387 ICICI Ltd. Securities Retail| Equity Research 142 993 573 535 606 393 647 100 154 950 148 455 145 626 142 628 313 350 402 491 S1 19 48 49 98 16108 2308 1705 3889 2272 1325 3347 139 970 566 525 594 387 637 150 939 145 449 143 617 139 605 308 346 392 483 S2 19 96 46 48 95 15425 2261 1663 3836 2207 1309 3284 132 933 560 506 575 380 630 142 924 137 442 141 601 133 593 300 340 383 470 S3 17 92 45 47 90 17576 2431 1054 1804 4022 2477 1371 3490 153 585 564 636 406 664 107 166 977 160 467 149 651 152 663 325 359 421 106 512 R1 20 50 51 ) 18258 2478 1090 1847 4075 2542 1387 3553 159 590 583 656 413 671 110 174 991 167 475 151 667 157 675 332 364 430 111 525 R2 22 52 52 18651 2516 1114 1874 1003 4115 2612 1402 3593 163 597 593 667 419 681 114 178 171 480 153 676 161 697 337 368 439 115 533 R3 22 53 53 11

ICICI Securities – Retail Equity Research MOMENTUM PICK L&TFINANCE HOLD &TOUBRO LARSEN LTD LUPIN HOUSINGLIC FIN KOTAKMAHINDRA INDIACUMMINS JUSTDIAL LTD JUBILANTFOODWOR ENERGYLTD JSW LTD STEEL JSW JINDAL&P STEEL ITCLTD ICICIPRUDENTIAL INDIANOILCORP INFOSYSLTD INTERGLOBEAVIAT INDUSINDBANK INDIABULLSHOUSI INDRAPRASTHAGAS IDFCFIRSTBANK VODAFONEIDEA LT HINDUSTANUNILEV HINDUSTANPETRO NameScrip M&M FINSERVICESM&M MAHINDRA&MAHIN MANAPPURAMFINAN FINANCIALMAX SE MAHANAGARGASLT Source June 2020 June 9, Intraday Supports and Resistance (Cash : Bloomberg, ICICI Direct Research Positive Neutral Positive Positive Neutral Positive Positive Negative Positive Neutral Positive Positive Positive Positive Negative Positive Neutral Positive Positive Positive Neutral Positive Positive Negative Positive Positive Negative Positive Trend 1336.75 158.65 470.85 988.55 961.35 1678.4 194.95 197.65 397.85 720.85 1117.3 2111.7 216.45 Close 138.1 476.8 63.15 900.3 260.9 399.2 434.3 143.7 451.6 472.9 25.75 93.1 45.8 149 12 1313 1661 1082 2086 ICICI Ltd. Securities Retail| Equity Research 155 462 136 472 968 941 884 255 390 410 190 141 194 391 708 442 138 463 210 S1 62 45 92 25 11 1290 1642 1046 2059 152 452 133 467 948 922 867 249 380 386 186 137 192 382 695 433 126 453 202 S2 60 44 90 23 11 1264 1612 2039 146 436 128 459 911 895 853 241 373 367 180 132 188 375 686 982 423 118 436 195 S3 58 42 87 22 10 1025 1363 1709 1182 2132 163 488 143 486 987 915 269 407 453 200 150 201 406 730 462 157 491 224 R1 65 47 96 28 13 ) 1062 1014 1389 1738 1246 2151 168 504 147 494 929 277 414 472 206 155 206 414 739 473 165 507 230 R2 68 49 98 29 13 1082 1033 1412 1757 1283 2178 171 514 151 499 946 283 424 495 210 159 208 422 100 752 482 177 518 238 R3 69 50 30 14 12

ICICI Securities – Retail Equity Research MOMENTUM PICK RELIANCEINDS LTD REC BANK LTD RBL GRID POWER CORP LTD PVR FINANCE POWER PUNJABBANKNATL LTD LNG PETRONET PIRAMALENTERPRI PIDILITEINDS PAGEINDUSTRIES OIL&NATURAL GA OILINDIA LTD LTD NTPC LTD NMDC LTD NCC NIITTECHLTD INDIA NESTLE LTD INDIA NBCC LTD NATIONALALUMIN MUTHOOTFINANCE MINDTREELTD MOTHERSONSUMI MARUTISUZUKI IN LTD MRF MARICOLTD NameScrip SHREE LTD SHRIRAMTRANSPRT STATEBANK IND AUTHORITY STEEL Source June 2020 June 9, Intraday Supports and Resistance (Cash : Bloomberg, ICICI Direct Research Negative Positive Positive Positive Positive Neutral Positive Positive Positive Positive Positive Positive Positive Neutral Positive Neutral Positive Positive Positive Positive Positive Negative Negative Positive Positive Positive Negative Neutral Positive Positive Positive Trend 16836.2 64244.4 21180.9 1130.95 1161.15 1085.25 19479.6 631.75 1569.5 101.35 172.35 1492.3 1450.4 5734.8 Close 186.8 132.5 257.7 90.95 94.95 98.55 31.25 22.95 32.95 914.6 918.6 99.25 91.2 32.7 85.6 32.6 332 20688 19100 16668 63488 1111 1550 1093 1050 1481 1428 5674 619 183 100 130 171 252 903 907 326 ICICI Ltd. Securities Retail| Equity Research S1 31 85 31 89 95 98 89 31 21 32 96 20196 18720 16499 62730 1093 1531 1025 1016 1469 1406 5614 607 178 126 169 247 890 896 321 S2 30 97 83 30 87 93 97 87 29 21 31 93 19391 18204 16208 61899 1061 1496 1448 1369 5526 589 171 123 167 920 242 957 870 883 316 S3 28 95 80 27 85 91 95 85 28 19 30 88 21984 19997 17128 65077 1162 1603 1266 1144 1514 1487 5823 649 194 105 138 175 262 100 935 931 103 336 R1 34 89 34 93 98 94 33 24 34 ) 22789 20512 17419 65908 1193 1637 1371 1202 1535 1524 5911 667 202 107 142 177 267 101 954 944 109 341 R2 36 92 36 95 99 97 35 26 35 23281 20893 17588 66666 1212 1656 1439 1237 1547 1546 5971 679 206 110 145 179 271 101 103 967 956 111 346 R3 37 94 37 97 99 36 26 35 13

ICICI Securities – Retail Equity Research MOMENTUM PICK ULTRATECHCEMENT LTD UPL UNITEDSPIRITS UJJIVANFINANCIA UNITEDBREWERIES MOTORLTD CO TVS TATALTD MOTORS TATACHEMICALS TITANLTD CO TORRENTPHARMA RAMCOCEMENT/THE TATACO POWER LT TORRENTPOWER TATAPRODUCTCONSUMER TECHMAHINDRA LT TATACONSULTANCY TATALTD STEEL NETWORK TV SUN PHARMAINDUSUN LTD SRF NameScrip ZEE ENTERTAINMENZEE BANKYES LTD LTD WIPRO LTD VOLTAS VEDANTALTD Source June 2020 June 9, Intraday Supports and Resistance (Cash : Bloomberg, ICICI Direct Research Neutral Positive Positive Neutral Neutral Negative Positive Positive Positive Positive Neutral Positive Neutral Positive Negative Neutral Neutral Positive Neutral Positive Neutral Positive Negative Negative Negative Trend 2071.75 3697.15 2366.25 197.05 226.45 3778.2 196.35 1018.6 352.75 115.45 315.55 330.35 379.45 391.85 Close 560.6 105.1 436.8 596.8 616.7 42.65 333.6 1025 30.6 590 489 3724 1004 2335 2057 3621 192 219 547 101 430 583 188 996 346 113 312 607 322 376 581 323 384 483 ICICI Ltd. Securities Retail| Equity Research S1 30 41 3669 2303 2043 3544 185 212 533 424 568 181 972 338 110 308 983 595 314 373 571 314 376 477 S2 28 97 40 3576 2276 2024 3477 175 207 513 414 554 174 941 327 107 302 960 578 300 368 561 300 363 470 S3 27 92 39 3872 1051 1048 2394 2090 3765 208 230 580 110 447 612 203 364 119 322 636 344 384 600 347 405 497 R1 33 44 ) 3965 1082 1071 2421 2109 3832 217 234 601 115 456 626 209 376 122 328 653 358 389 609 360 418 505 R2 34 46 4021 1106 1092 2453 2123 3909 224 242 614 119 463 641 217 383 124 331 665 367 393 619 370 426 511 R3 36 46 14

ICICI Securities – Retail Equity Research MOMENTUM PICK 30-Jun 29-Jun 15-Jun 12-Jun 12-Jun India 29-Jun 29-Jun 29-Jun 28-Jun 15-Jun 10-Jun 8-Jun US Date Source June 2020 June 9, Forthcoming Economic Event Calendar : Bloomberg, ICICI Direct Research Wholesale InventoriesWholesale MoM Change in Nonfarm Payrolls inChangeNonfarm IndustrialProduction MoM GDP AnnualGDP EstimateYoY IndustrialProduction YoY Fiscal DeficitFiscal CroreINR Wholesale Prices YoY Prices Wholesale GDP AnnualizedGDP QoQ PCE DeflatorMoM PCE MNI ChicagoMNIPMI FOMC MeetingFOMC CPI YoY CPI Event ICICI Ltd. Securities Retail| Equity Research 30-Jun 29-Jun 22-Jun 15-Jun 8-Jun UK 30-Jun 30-Jun 27-Jun 22-Jun 18-Jun 15-Jun 15-Jun China Date FX Net Settlement - ClientsCNY Settlement- Net FX IndustrialProduction YTDYoY Nationwide House PX MoM NationwidePX House Bank of EnglandRate of Bank Bank GfK Consumer ConfidenceGfKConsumer New Home Prices MoM HomePrices New Non-manufacturingPMI IndustrialYoY Profits YTDYoY Retail Sales ManufacturingPMI Retail Price IndexRetailPrice GDP QoQGDP Event 15

ICICI Securities – Retail Equity Research MOMENTUM PICK June 2020 June 9, Momentum Picks: Strategy Follow up 3-Jun-20 5-Jun-20 5-Jun-20 3-Jun-20 22-May-20 Date Duration: Cash Positional 8-Jun-20 8-Jun-20 8-Jun-20 Date Duration: Intraday BandhanBank V-guard BEML GNFC Scrip Scrip HPCL Nifty EIH IdirectCode IdirectCode BANBAN VGUARD MINLIM HINPET EIHLIM BEML GNFC Nifty Strategy Strategy Buy Buy Buy Buy Buy Buy Buy Buy RecommendedPrice RecommendedPrice 10175.00-10205.00 204.50-206.50 249.00-251.00 187.00 620.00 141.00 892.00 77.00 ICICI Ltd. Securities Retail| Equity Research 10240.00/10288.00 252.70/255.00 208.30/210 Targets Targets 208.00 685.00 155.00 985.00 85.00 10139.00 177.00 575.00 133.00 835.00 203.80 247.40 71.00 SL SL Gain/Loss% Gain/Loss% (51Points) 0.00 5.00 5.00 6.00 5.00 - - Book 50%Bookprofit 649.00 at 50%Bookprofit 149.50 at 50%Bookprofit 940.00 at Book 50%Bookprofit 81.00 at Stoploss triggeredStoploss Exit at 188.00Exitat Comment Comment No trade No trade No 16

ICICI Securities – Retail Equity Research MOMENTUM PICK June 2020 June 9, Gladiator Stocks: Open Recommendations Allrecomedationssegmentthe inCash are 20-May-20 24-Apr-20 1-Jun-20 1-Jun-20 2-Jun-20 5-Jun-20 Date Procter GambleProcter &Health IpcaLaboratories Name Scrip ShilpaMedicare PidiliteInd Bata IndiaBata DrReddy Strategy Buy Buy Buy Buy Buy Buy Recommendations Price Recommendations ICICI Ltd. Securities Retail| Equity Research 1580.00-1630.00 3800.00-3920.00 1390.00-1425.00 440.00-458.00 4170-4230 1450-1490 Target 1885.00 4470.00 5090.00 1670.00 1625.00 535.00 Stoploss 1440.00 3545.00 3570.00 1320.00 1270.00 405.00 Time Frame Time 6 Months6 Months6 Months6 Months6 Months6 Months6 Back to Top Top to Back 17

ICICI Securities – Retail Equity Research MOMENTUM PICK Source HPCL June 2020 June 9, Price history of last three years : Spider Software, ICICI Direct Research ICICI Ltd. Securities Retail| Equity Research Tata Elxsi 18

ICICI Securities – Retail Equity Research MOMENTUM PICK • • • • Trading • • • • • • • • • June 2020 June 9, 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 19

ICICI Securities – Retail Equity Research MOMENTUM PICK June 2020 June 9, 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 20

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 June 2020 June 9, : 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 21

ICICI Securities – Retail Equity Research MOMENTUM PICK June 2020 June 9, 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 22

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ICICI Securities – Retail Equity Research MOMENTUM PICK