Buy Hindalco DEC | at Fut 207.00-208.00 DEC SUNTV | at Fut Sell 446.00-447.00 Buy BERPAI DEC | at Fut 502.00-503.00 [email protected] PatelNandish [email protected] Gupta Amit Research Analysts Research Action Intraday New recommendations in the reportthe in recommendations New I-Direct Code Derivatives View SUNTV SUNTV BERPAI HINDAL [email protected] Dedhia Dipesh [email protected] Singh Deepak Raj Target 1 440.5 505.2 222 Target 2 431.5 509.3 - Stoploss 452.5 499.8 199 Positional Time Time frame Intraday Intraday Weekly SUBSCRIBE Other Other Product offerings Click Click Duration : 1-3months : Duration Dabur ApolloHospital Underlying Duration : 1-2months : Duration Foodworks Jubilant Underlying on ICICIdirect Mobile December 19, 2019 Quant (Derivatives) Pick(Derivatives) Quant here to seehere to here to seehere to For Derivatives Strategy Strategy Derivatives Instant Instant stock ideas: to mobile notification • • open calls open open calls open PRODUCT 1 PRODUCT 2 app… Buy Buy Action Buy Action

ICICI Securities – Retail Equity Research Intraday Outlook: Buy Bank    FIIs  F&O  Bank  Index Stock Source: NSE, Seediff NSE, Source: December 19, 2019 19, December & Highlights 22 Intraday while FIIs strikes seen Post 32250 32500 index private The 12231 Nifty Stop Loss:Stop 499.8 509.3Target2: 505.2 Target1: 501 CMP: BERPAIBuy DEC |502.00-503.00 Futat Berger Paints i) Nifty DII Outlook Short Long Analysis bought Action Bank the Future in Future in , - is . 12258 Call Target build banks We , Bloomberg Bloomberg , build index likely select Recommendations positive . Nifty feel : This | - - up/short The Stop : up/profit 1837 whereas to options ICICI Direct Research Direct ICICI 32350 metal, the opened continue should Nifty start, loss index crore - 32500 covering they pharma booking : is PSU the 12169 be higher likely will while while sold Nifty the Stop banks witness to : : and DIIs Asian and trading Sun the | witnessed open loss 912 were banking index sold TV, remained : limited Nifty in crore Paint, 32150 flat range Bank negative Stop Loss:Stop 452.5 431.5Target2: 440.5 Target1: 447 CMP: SUNTV DECSell |446.00-447.00 Futat Sun TV ii) | ICICI Ltd. Securities Retail| Equity Research may on . 1268 follow Berger In stocks downside of the for the volatile move Baroda, crore . back the range - the By up stock . Paints, Looking up looking buying upcoming of throughout in in futures Gail, to mixed the coming Bharat 32500 at Voltas, at and cash global segment, option option trading . Forge, of days recorded the segment On Titan 32200 cues the day interest data, Glenmark, sessions they Company, . options . . a Participation Buy FIIs additions life bought in - 32250 Nifty - bought . time private Buy front, HDFC SBI in | high Bank were broadcast Call Note 208 the maximum and index was banks, Ltd, of crore range initiation : Grasim Nifty seen PVR seen 12237 futures we on and of in in OI in feel . 12190 iclick the OTM message Strong is most ITC worth the at range - 2 - 32000 12212 and - upside leaders gain buying | 667 of will ATM Put Target Back 32200 in crore from be was and Put the : -

ICICI Securities – Retail Equity Research Derivatives View Daily Nifty Snapshot 17-Dec-19 17-Dec-19 Date Bank Nifty future Nifty future Pivot levels (DEC) Change (%) Previous Current Strategy follow up December 19, 2019 19, December NSE, Source: OI in Lacs Monthly Nifty Options OI build Highlights of the last session & Pivot Levels 10 15 20 25 30 35 40 45 0 5

11500 TATSTE HINLEV Seediff Stock 12165 12221 0.46% Spot

, , Bloomberg 11600 31648 12060 View Sell Buy S3

11700 12187 12243 0.46% Fut ICICI Direct Research Direct ICICI Short FutShort Strategy Long Fut 31937 12141

11800 S2 Basis - Call OI 22 22 up - 1970.5 443.5 32108 12192 Reco 11900 S1 Future OI 15362625 15362625 Put OI 12000 0.00% 1950.5 Target 449.4 32226 12223 Piv

12100 PCR OI ICICI Ltd. Securities Retail| Equity Research 1.65 1.67 1990.5 437.6 - 32397 12274 SL R1 12200 PCR Vol 1.26 1.29 P&L - 32515 12304 - - 12300 R2 ATM IV ATM -1.46% Not Initiated Not Initiated

12400 12.51 12.33 Comment 32804 12386 R3

12500 view Strategy recommendations should this Note report : IVs points at Nifty The shares 12000 highest lakh 12000 The not report, a by premium is given be futures highest 1 with . strike intraday shares 46 strike linked Call which % index a with ended base Put given fall of with with recommendation may while 22 in recommendation base almost is Back positional 21 have in at is lakh the the 42 at Derivatives a different view and 3 in &

ICICI Securities – Retail Equity Research Recommended Stocks : Historical price performance… December 19, 2019 19, December NSE, Source: Seediff , , Bloomberg 100 200 300 400 500 600 1000 1200 200 400 600 800 0 ICICI Direct Research Direct ICICI 0 29-Nov-17 29-Nov-17

29-Jan-18 29-Jan-18

29-Mar-18 29-Mar-18

29-May-18 29-May-18 ICICI Ltd. Securities Retail| Equity Research 29-Jul-18 29-Jul-18 Berger Paints 29-Sep-18 29-Sep-18 Sun Sun TV

29-Nov-18 29-Nov-18

29-Jan-19 29-Jan-19

29-Mar-19 29-Mar-19

29-May-19 29-May-19

29-Jul-19 29-Jul-19

29-Sep-19 29-Sep-19

29-Nov-19 29-Nov-19 4

ICICI Securities – Retail Equity Research December 19, 2019 19, December Weekly Recommendation Source: Bloomberg, ICICI Direct Research Direct ICICI Bloomberg, Source: Buy Hindalco 207 (HINDAL) | of range future Buy in Hindalco December Weekly future recommendation: in stock the Hindalco Metal Rationale the metal is days stocks trading exhibited stocks to have come above saw remained ACC Underlying significant . deep its major cuts in 100 150 200 250 300 50 0 resilience the Bullish View Call 13-Dec-17 . The

13-Jan-18 limelight 13-Feb-18 base stock 13-Mar-18 in Long Futures Strategy 13-Apr-18 of the recently ICICI Ltd. Securities Retail| Equity Research 13-May-18 finally | 205 13-Jun-18 last Price performance Recommendation follow up 13-Jul-18 , couple closed we

1520 Reco 13-Aug-18 13-Sep-18 as expect 13-Oct-18 US - Target of at -

13-Nov-18 208. Target: Loss: 199 222; Stop | | 1625 China

13-Dec-18 years six 13-Jan-19 ongoing - month

13-Feb-19 trade Stoploss and 1455 13-Mar-19 13-Apr-19 largely momentum confrontations

13-May-19 highs Profit/Loss

-26000 13-Jun-19 13-Jul-19 amid 13-Aug-19 hovered 13-Sep-19 Stoploss Triggered Stoploss to

13-Oct-19 fresh Comment continue

13-Nov-19 seem 13-Dec-19 in long the to range . be additions It is getting of likely | 180 in over to the - move 210 . last Aluminium while towards week the . As rest major | 220 the of 5

ICICI Securities – Retail Equity Research Derivatives View • • • • Nifty support placed at 11950 for coming week… December 19, 2019 19, December Source: Bloomberg, ICICI Direct Research Direct ICICI Bloomberg, Source: global FII since from the A lowest Volatility witness 12000 The pullback flows recovery Nifty 1 last . sentiments strike closing 30 closure have has week has to was . 1 since started The . been remained 35 of . despite seen The the led cooling sharp the consolidating before Nifty declining, volatility to beginning some upsides quite appreciation down support the weak index volatile which OI in Lacs Finance in 10 15 20 25 30 35 40 45 0 5 around of in the sessions since the the 11700 in is in stocks, Minister’s likely coming recent Yuan series July 12000 11800 in ICICI Ltd. Securities Retail| Equity Research which to provided . equity days There and week push announcement 11900 . have Nifty options Nifty options OI build may during We is the were comfort placed can 12000 pick a Nifty base this days expect up at higher period 12100 to in on 11950 upward when the jittery the Friday . . Call OI Call UK India 12200 This the continuance - sentiments . momentum up and The Nifty supports VIX 12300 Put OI Put positive Indian has declined . of 12400 declined the In currency in some outcomes addition, the longevity below 12500 coming inflows from has 12000 on the of been 15 days US back the . sharp 0 % - but China, appreciating current . into to Put appreciation this 13 writers Indian UK . 30 upward Put % front , strike markets continuously are which that move in active did Pound led is with not the 6 to at

ICICI Securities – Retail Equity Research Bank Nifty: Well placed to make new life December 19, 2019 19, December Source: Bloomberg, ICICI Direct Research Direct ICICI Bloomberg, Source: • • • • could The Put As closed buying which However, selling After the OI current the outperform, blocks is seen well index in one RBI’s broader despite above in price moved were of most monetary the a ratio 32000 indices which seen correction PSU fastest above of . in will banks . Participation policy, Bank The 31700 32000 appreciations take being Nifty along Nifty/Nifty the strike the , closure managed seen Bank OI in Thousands ratio with was 100 200 300 400 500 600 of 0 weekly in in Axis higher remained seen Nifty was ICICI Ltd. Securities Retail| Equity Research broader

31300 the to Bank, seen from underperformed move last contracts,

31400 and Bank Bank indices, intact couple Yes in 31500 private make above ATM Bank

31600 Nifty options OI build near which a of bank the Calls 31700 new 12100 - and time high… weeks 2 Put OI Put rupee . the will

31800 life leaders 64 and IndusInd whereas . - Nifty time . be 31900 We positions This appreciated Call Call OI the where 32000 feel high and Bank acted key the

32100 that - up of fell Kotak support shifted Bank 2

32200 as in . towards sharply 68 the a Mahindra 32300 Nifty positive to area current

32400 32500 and surpassed its for 32500 sizeable rallied sentiment, bank upsides leg and of outperformed 32700 to its the Put 70 to sizeable which . continue rally, 50 base strikes levels the of triggered Call . In 31000 Bank from base contrast, 71 Nifty with and late . 8 7 ,

ICICI Securities – Retail Equity Research global risk S&P index registers fresh record highs fuelled by buoyant • • • • December 19, 2019 19, December Source: Bloomberg, ICICI Direct Research Direct ICICI Bloomberg, Source: towards Concerns Crude US clarity Emerging Indonesia FII Sunday outcome indicated Global $ markets in oil emerging the equity and $ . continues towards 68 and over markets The current witnessed /bl actual - on sentiment… markets Malaysia . S&P supply EIA from a round have reduction report to index possibility face UK glut mixed witnessed saw witnessed of is election this the are rally outflows currently in flows week of hurdle tariffs weighing in US a risk outcome a fresh during showed - sharp China of could 12-Dec 11-Dec 10-Dec 9-Dec 6-Dec Date near trading assets $ 22 on round $ rally help phase . the and 65 oil oil . MSCI ICICI Ltd. Securities Retail| Equity Research FII/DII (inbuyingin equities$million) MSCI at / bl Index Fut week inventories this prices $ maintain of 3168 78 and one 101.6 -20.0 33.9 EM -2.8 buying 2.2 EM week million, . . has India of levels, equity We currency Stock Fut trade the due failed due rising feel -39.9 -76.0 -50.1 and 94.2 respectively -9.1 current up index FII FII to deal, that to to South positive index by Index Opt almost capitalise the is 822000 Brent 382.0 which -22.2 momentum 70.8 34.6 96.4 up positive is Korea 0 up global over . oil 60 was barrels on 0 -116.7 % 103.0 needs . -53.6 Cash saw 54.2 5 2 outcome % the followed over risk . 05 , helped inflows % current against sentiment to DII last this 114.4 Cash take 33.9 47.7 10.6 29.8 by of week by week expectation momentum of the clarity out further $ over . 131 . two $ Delay EM 65 emerging million / US bl key gains currencies in - convincingly of built China events US a in and drawdown up CNY out tariffs trade . in $ also of The 857 vs other the deal . over to rallied the US million of UK rally risk as US 4 President China . election 8 well assets vs $ higher mb while . the 8 on as . ICICI Securities – Retail Equity Research GBP zooms over 2% supported by outcome of UK elections… December 19, 2019 19, December Source: Bloomberg, ICICI Direct Research Direct ICICI Bloomberg, Source: • • • 71 appreciation intervention The towards US Chinese elections like it Reserve The may

GBP-US$ Spot . 20 1.15 1.25 1.35 1.45 1.2 1.3 1.4 Euro President rupee US GBP GBP in Aug-17 maintain $ the the Yuan maintained as and rises sharply amid expected UK election outcome election UK expected amid sharply rises declined

Oct-17 has near well . phase has We GBP has

Dec-17 has status strengthened positive term expect been seen one

Feb-18 have signalled status during quo

Apr-18 of sharp speculated the seen development the for

Jun-18 quo the rupee trade during appreciation that 2020 Aug-18 sharp as week expected

Oct-18 . to deal US On on rallies the trade -

Dec-18 over . China even other This Feb-19 week during due in . US ICICI Ltd. Securities Retail| Equity Research Fed’s hand, as the could

Apr-19 arrested . - China to However, The range

Jun-19 the clarity Dot risk move trade

Aug-19 week US plot currencies its of

Oct-19 from the Federal 70 further talks shows as closer . 50 RBI the UK – S.korean won S.korean Indonesianrupee africanrandSouth rubble Russian Brazilianreal yuan Chinese Indianrupee Emergingcurrencies US$ v/s franc Swiss Canadian$ Australian$ UK Japanese Euro Dollarindex £

US$INR Options OI In000 's € 100 150 200 250 300 50 0 ¥

69.00 US$INR December options build options DecemberUS$INR

69.50 US$… vs. currency DM EM,

70.00 0.9857 1.3169 0.6919 1.3418 109.60 1.1164 13990 14.47 62.55 70.72 96.91 Call OI Call 1172 4.09 6.99 cmp

70.50 pvsweek 0.9909 1.3255 0.6841 1.3140 108.58 1.1060 14038 14.62 63.74 71.20 97.70

71.00 1190 4.14 7.04 Put Put OI change% 71.50 - up -1.53 -0.34 -1.07 -1.88 -1.17 -0.64 -0.67 -0.52 -0.65 -0.81 1.14 2.12 0.94 0.94

72.00 Appreciated Appreciated Appreciated Appreciated Appreciated Appreciated Appreciated Appreciated Appreciated Appreciated Appreciated Depreciated Appreciated Depreciated 72.50 Status 9

ICICI Securities – Retail Equity Research • • zone Euro • • • • US: • • • • Japan: Japan: India: December 19, 2019 19, December Forthcoming Events… Source: Bloomberg, ICICI Direct Research Direct ICICI Bloomberg, Source: 18 16 20 18 17 16 20 19 December 18 December 16 December : December : December : December : December : December December December December : : : : : : CPI Manufacturing,PMIand CompositeServices Data, PersonalGDP and spending Income account Applicationsand Current balance Mortgage MBA Industrial Production permits,and Building Housing Manufacturing,and CompositeServices WPI Natl BoJ TradeBalance PolicyRate CPI ICICI Ltd. Securities Retail| Equity Research PMI 10

ICICI Securities – Retail Equity Research December 19, 2019 19, December Derivatives Strategies: Open recommendations Date Source: Bloomberg, ICICI Direct Research Direct ICICI Bloomberg, Source: 18-Dec-19 17-Dec-19 17-Dec-19 17-Dec-19 17-Dec-19 09-Dec-19 28-Nov-19 28-Nov-19 Scrip Kotak Bank Kotak TechMahindra SBI India Bata TitanCompany JubilantFoodworks BhartiInfratel Paints Berger Action Buy Buy Buy Sell Sell Buy Buy Buy Recommendation Long/Short Strategy : Long/Short Strategy Option: Positional Option: Positional Option: Positional Option: Positional expiry : Long/Short Strategy points.Time with Frame: Tillof minimumthe strategy 10.50 expiry netDecember spread : Long/Short Strategy with points.Time of minimumthe strategy 28 Frame: Till net spread expiry December : Long/Short Strategy Sell TechM December 760 Put at 5.25-5.75; Target: 0.50; Stop loss: 9.2; Time loss:Stop Frame:9.2; Till 0.50; expiry Target: December Sell 5.25-5.75; at PutTechM 760 December Time Frame:loss:Stop Till 4.30; expiry December 0.20; Target: 2.20-2.50; at Put Sell 320 December SBI Time Frame:loss:Stop Till 20.5; 1; Target: expiry December 11-13; at Call Sell 1740 IndiaDecember Bata Time Frame:loss:Stop Till 19.5; 1; Target: expiry December Sell 10-11; at Call Titan Company1200 December Buy Kotak Bank December 1720 Call at | 20-22 & sell 1780 Call at | 5-6 Target: | 1780, Time Tillframe: 1780, expiry | December Target: 5-6 | at Call & sell 1780 20-22 | at Call Buy Bank 1720 Kotak December Time Tillframe: loss:Stop1540, | December 1677, | Target: 34-37, | at Call & Buy sell 1640 Jubilant Foodworks Future1609-1614 December | at Execute shares of238-240. futures Opportunity:SellDecember DEMATand Buy at Bhartifrom Infratel Lot 1 Arbitrage Reverse 2000 Holding 248-250 at Execute Paint shares 461-463. futures ofDecember DEMATand Buy at from Opportunity:Sell Lot Berger 1 Arbitrage Reverse2200 Holding 490-492 at ICICI Ltd. Securities Retail| Equity Research Back 11

ICICI Securities – Retail Equity Research Quant Picks: Open recommendations… December 19, 2019 19, December Source: NSE, NSE, Source: Date Seediff 26-Nov-19 05-Nov-19 04-Nov-19 13-Dec-19 13-Dec-19 13-Dec-19 13-Dec-19 13-Dec-19 31-Oct-19 23-Oct-19 , ICICI Direct Research Direct ICICI , UltratechCement ExideIndustries ApolloHospital TataGlobal DaburIndia DivisLab HDFCLtd Scrip Voltas Wipro IGL Action ICICI Ltd. Securities Retail| Equity Research Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Yearly Quant Picks Quant Yearly BuyPrice 1790-1830 2285-2335 1440-1470 4180-4250 312-324 395-410 232-242 465-475 186-191 685-700 Target 2280 2880 1690 4950 410 510 298 550 230 815 SL 1560 2015 1330 3840 271 343 204 432 171 630 CMP 1838 2445 1385 4065 312 431 248 463 183 654 %Ret -2.4% -5.8% -2.6% -3.4% -3.6% -6.6% 1.0% 4.9% 5.1% 2.6% TimeFrame 12months 12months 12months 12Months 12Months 3months 3months 3months 3months 3months Back 12

ICICI Securities – Retail Equity Research December 19, 2019 19, December Source: Bloomberg, ICICI Direct Research Direct ICICI Bloomberg, Source: Pankaj Pandey [email protected] Mumbai (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] 13

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ICICI Securities – Retail Equity Research