Support & Resistance - ICICI Direct

1 ICICI Securities Ltd. | Retail Equity Research Support & Resistance STOCK CLOSE S1 S2 S3 R1 R2 R3 TREND NIFTY 50 10639 10595 10526 10752 10821 10864 Negative S&P BSE SENSEX INDEX 34988 34827 34566 35410 35671 35832 Negative NIFTY BANK 25962 25851 25691 26234 26395 26506 Negative NIFTY 50 FUTURES 10693 10653 10614 10547 10759 10826 10866 Negative NIFTY BANK FUTURES 25967 25864 25705 26229 26388 26491 Negative ACC LTD 1392 1383 1369 1415 1429 1438 Negative AMBUJA CEMENTS 213 208 205 222 226 231 Positive ADANI POWER LTD 21 21 20 23 23 24 Neutral ADANI ENTERPRISE 122 120 119 126

2 128 130 Positive ADANI PORTS AND 395 390 385 404 410 414 Negative AJANTA PHARMA 1040 1028 1010 1069 1087 1099 Positive ASHOK LEYLAND 153 151 150 156 157 159 Positive ALLAHABAD BANK 39 38 37 41 42 44 Positive AMARA RAJA BATT 857 845 829 885 901 913 Positive ANDHRA BANK 34 34 33 35 36 36 Neutral APOLLO HOSPITALS 1006 994 978 1034 1050 1062 Negative ASIAN PAINTS LTD 1298 1288 1272 1324 1340 1351 Neutral APOLLO TYRES LTD 285 282 277 293 298 301 Neutral AUROBINDO PHARMA 590 585 577 603 611 616 Negative ARVIND LTD 416 413 409 424 429 431 Positive AXIS BANK LTD 533 527 517 550 560 566 Neutral BAJAJ FINANCE LT 1952 1838 1771 2134 2202 2316 Positive BATA INDIA LTD 749 743 733 765 775 781 Negative BEML LTD 1080 1061 1031 1129 1159 1179 Positive BHARAT FINANCIAL 1164 1157 1149 1179 1187 1195 Positive BHARTI AIRTEL 363 358 350 377 385 390 Negative BHARAT ELECTRON 121 116 113 129 132 138 Positive BHARAT HEAVY ELE 79 78 77 81 82 83 Positive Support : The Support level is the lowest price a security trades at, over a period of time.

3 The price stops dropping because buyers start to outnumber sellers. The longer the price stays at a particular level, the stronger the Support at that level. Many traders believe that the stronger the Support at a given level, the less likely it will break below, however it is recommended to exit the position if Support breaks. Resistance : The Resistance level is the highest price a security trades at over a period of time. The price stops rising because sellers begin to outnumber buyers. The more often the price reaches a particular level of Resistance and fails to break through, the stronger the Resistance at that level.

4 For this reason, many traders believe that the stronger the Resistance , the less likely the price will break through that level, however it is recommended to enter the position once the Resistance break Note: This is recommended to use "Limit" and "SLTP" for disciplined trading. May 18, 2018 ICICI Securities Ltd. | Retail Equity Research Support & Resistance BHARAT FORGE CO 720 715 707 733 741 746 Neutral BHARTI INFRATEL 315 308 303 327 332 339 Positive BALKRISHNA INDS 1181 1166 1146 1215 1234 1249 Positive BIOCON LTD 636 629 623 649 655 662 Neutral BAJAJ AUTO LTD 2792 2768 2749 2835 2854 2878 Positive BAJAJ FINSERV LT 5365 5160 5038 5692 5814 6019 Neutral BANK OF BARODA 130 129 127 125 133 135 137 Negative BANK OF INDIA 94 92 90 98 100 102 Positive BOSCH LTD 17710 17522 17237 18183 18468 18655 Negative BHARAT PETROL 385 380 375 395 400 405 Negative BALRAMPUR CHINI 59 57 55

5 63 65 67 Positive BERGER PAINTS 275 271 266 284 289 294 Neutral BRITANNIA INDS 5422 5367 5293 5551 5625 5680 Neutral CAPITAL FIRST LT 565 554 548 581 588 598 Positive CAN FIN HOMES 380 373 366 361 385 390 397 Positive CANARA BANK 238 235 232 244 247 250 Neutral CONTAINER CORP 1372 1354 1329 1416 1442 1460 Positive CADILA HEALTHCAR 383 379 376 390 393 397 Positive CEAT LTD 1378 1360 1336 1421 1445 1463 Neutral CENTURY TEXTILE 1053 1036 1021 1086 1100 1118 Neutral CESC LTD 1006 991 969 1043 1065 1079 Neutral CG POWER AND IND 76 75 74 78 79 81 Positive CHOLAMANDALAM IN 1541 1475 1431 1650 1694 1760 Neutral CIPLA LTD 542 530 521 563 572 584 Negative COLGATE PALMOLIV 1168 1159 1149 1188 1199 1208 Positive COAL INDIA LTD 267 262 258 275 278 283 Positive CASTROL INDIA 171 170 168 174 176 178 Negative DABUR INDIA LTD 369 365 361 376 381 384 Neutral DALMIA BHARAT LT 2715 2678 2643 2787 2822 2859 Positive DCB BANK LTD 187 185 183 191 193 195 Neutral DEWAN HOUSING 613 609 604 622 627 631 Negative DISH TV INDIA 69 69 68 71 71 72 Neutral DIVI LABS LTD 1147 1128 1095 1199 1232 1251 Positive DLF LTD 202 199 195 208 212 215 Neutral DR REDDY'S

6 LABS 1952 1928 1907 1998 2020 2044 Negative EICHER MOTORS 30275 30053 29728 30822 31147 31369 Neutral ENGINEERS INDIA 145 144 143 147 148 149 Neutral EQUITAS HOLDINGS 165 161 157 173 177 181 Positive ESCORTS LTD 943 934 921 964 978 986 Positive EXIDE INDUS LTD 255 253 250 260 263 265 Positive FED BANK LTD 82 80 79 85 86 88 Negative ICICI Securities Ltd. | Retail Equity Research Support & Resistance FORTIS HEALTHCAR 149 148 146 152 154 155 Negative GAIL INDIA LTD 327 321 315 338 345 350 Negative GODREJ CONSUMER 1065 1049 1028 1102 1123 1139 Neutral GODREJ INDUSTRIE 573 568 562 583 590 594 Neutral GMR INFRASTRUCTU 17 17 17 18 19 19 Positive GLENMARK PHARMA 517 509 502 532 539 547 Positive GODFREY PHILLIPS 807 801 794 821 829 835 Neutral GRANULES INDIA 97 92 88 107 112 116 Positive GRASIM INDS LTD 1074 1065 1054 1094 1105 1113 Positive GUJARAT STATE F 117 113 105 130 138 142 Negative HAVELLS INDIA 534 529 521 548

7 557 562 Positive HINDUSTAN CONST 17 17 15 14 19 19 21 Positive HCL TECH LTD 901 892 879 923 936 946 Negative HOUSING DEV FIN 1855 1836 1804 1906 1938 1957 Negative HDFC BANK LTD 2012 1996 1980 2044 2060 2075 Negative HOUSING DEVELOPM 27 25 24 30 31 33 Positive HEXAWARE TECHNOL 418 410 400 436 446 453 Positive HERO MOTOCORP LT 3525 3495 3455 3595 3635 3665 Neutral HINDALCO INDS 227 222 215 239 246 252 Negative HINDUSTAN PETRO 313 309 305 322 326 330 Negative HINDUSTAN UNILEV 1554 1539 1517 1590 1611 1626 Positive HINDUSTAN ZINC 295 292 289 301 304 308 Positive INDIABULLS REAL 205 201 197 214 217 222 Positive INDIA CEMENTS 132 130 128 137 138 141 Positive ICICI BANK LTD 296 294 291 288 300 303 306 Negative INDO COUNT INDS 81 79 79 82 83 84 Positive IDBI BANK LTD 62 61 60 64 65 67 Positive IDEA CELLULAR 52 52 51 54 54 55 Neutral IDFC LTD 51 50 49 54 54 56 Negative IDFC BANK LTD 42 41 40 43 43 44 Positive IFCI LTD 18 17 17 18 19 19 Positive INDRAPRASTHA GAS 268 263 258 277 281 286 Positive INDIABULLS HOUSI 1169 1160 1147 1191 1204 1213 Negative INDUSIND BANK 1902 1889 1873 1930 1947 1959 Neutral INDIAN BANK 300 296 293 307

8 310 314 Neutral INTERGLOBE AVIAT 1166 1151 1131 1200 1221 1235 Negative INFIBEAM INCORPO 165 164 163 168 168 170 Negative INFOSYS LTD 1173 1161 1149 1196 1209 1220 Negative INDIAN OIL CORP 163 161 159 166 169 170 Positive ICICI PRUDENTIAL 424 418 412 435 442 447 Negative IRB INFRASTRUCTU 249 247 245 254 257 259 Neutral ICICI Securities Ltd. | Retail Equity Research Support & Resistance ITC LTD 275 272 265 286 292 296 Negative JET AIRWAYS IND 430 422 410 450 462 469 Neutral JAIN IRRIGATION 104 102 101 107 108 109 Positive JAIPRAKASH ASSOC 17 16 16 19 20 21 Positive JINDAL STEEL & P 250 246 241 260 265 269 Positive JSW STEEL LTD 332 327 321 314 340 347 353 Neutral JSW ENERGY LTD 71 70 68 74 76 77 Positive JUBILANT FOODWOR 2427 2405 2376 2478 2507 2530 Positive JUST DIAL LTD 443 423 411 476 489 509 Positive KARNATAKA BANK 115 112 110 120 122 125 Neutral KAJARIA CERAMICS 549 539 532 565 571 581 Positive

9 CUMMINS INDIA 737 729 724 750 755 763 Positive KOTAK MAHINDRA 1258 1246 1227 1289 1308 1320 Positive KPIT TECHNOLOGIE 259 257 255 263 265 267 Neutral KAVERI SEED 504 500 496 512 516 520 Positive LIC HOUSING FIN 489 486 481 497 502 505 Neutral LUPIN LTD 754 746 737 772 780 789 Neutral LARSEN & TOUBRO 1345 1335 1320 1370 1385 1395 Neutral L&T FINANCE HOLD 174 170 167 182 184 189 Positive MAHANAGAR GAS LT 869 857 845 832 882 895 906 Positive MAX FINANCIAL SE 482 474 469 494 498 506 Negative MCX INDIA LTD 778 770 759 797 808 816 Positive MANAPPURAM FINAN 113 111 109 118 119 122 Positive MAHINDRA & MAHIN 849 845 839 831 858 866 872 Positive M&M FIN SERVICES 464 456 451 478 484 492 Neutral MARICO LTD 318 314 312 325 328 331 Positive MRF LTD 74215 73869 73338 75092 75623 75969 Positive CHENNAI PETROLEU 295 291 286 303 307 311 Positive MANGALORE REFINE 103 101 99 107 109 111 Neutral MARUTI SUZUKI IN 8650 8603 8544 8755 8813 8860 Neutral MOTHERSON SUMI 327 325 321 333 337 339 Negative MINDTREE LTD 992 983 970 1014 1027 1036 Positive MUTHOOT FINANCE 394 373 359 428 443 463 Negative NATIONAL ALUMIN 74 73 72 76 77 77 Positive NBCC INDIA LTD

10 97 96 95 98 100 100 Positive NESTLE INDIA LTD 9540 9373 9198 9882 10057 10224