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Weekly Call

The document provides recommendations to buy two Indian stocks - Southern Petrochemicals Industries Corp. and Provogue India. For Southern Petrochemicals, it recommends buying between Rs. 27.90-28.20 with a stop-loss of Rs. 27.40 and target of Rs. 31.50 or higher. For Provogue, it recommends buying between Rs. 27.80-28.20 with a stop-loss of Rs. 27.30 and target of Rs. 31.50 or higher. It also reviews the performance of previous recommendations, noting that positions for Dabur India and Advanta Ind. were squared off without returns.

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72 views

Weekly Call

The document provides recommendations to buy two Indian stocks - Southern Petrochemicals Industries Corp. and Provogue India. For Southern Petrochemicals, it recommends buying between Rs. 27.90-28.20 with a stop-loss of Rs. 27.40 and target of Rs. 31.50 or higher. For Provogue, it recommends buying between Rs. 27.80-28.20 with a stop-loss of Rs. 27.30 and target of Rs. 31.50 or higher. It also reviews the performance of previous recommendations, noting that positions for Dabur India and Advanta Ind. were squared off without returns.

Uploaded by

pmishra3
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ICICI Securities Limited

Weekly Calls
September 5, 2011

Southern Petrochemicals Industries Corp. Code : CMP : Comment : Action : SPIC ` 29.05 Held 61.8% retracement level, broke falling channel. Buy in the range of 27.9028.20

Reco. Date : September 05, 2011 Stop-loss : Target : 27.40 31.50 / higher

Provogue India Code : CMP : Comment : PROVOG ` 29.80 Trading near 11% level to alltime high, testing Green support line. Buy in the range of 27.8028.20

Action :

Reco. Date : September 05, 2011 Stop-loss : Target : 27.30 31.50 / higher 0

ICICI Securities Limited


Weekly Calls

Previous fortnight's Performance Review Counter Action Dabur India Buy in the range of 104-105 Advanta Ind. Buy in the range of 313-318

Targets 113/+ 348/+

Comments Not Initiated Position squared off Not Initiated Position squared off

Return opportunity 0.0% 0.0%

NOTES : The Sell below / above price is a key technical level which decides the trend for the week Once the call is initiated, an appropriate Stop Loss trigger should be put for the trade Once into the position, put trailing stops to preserve your profits The strategies are valid for about a week beginning the date mentioned at the top Positions may be squared off by the end of the week. The writer may have position in the stocks discussed.

MOST IMP: The follow-up and performance review table of the strategies indicates the profit opportunity that was available in the strategies. Individual profits may vary depending upon the entry and exit price and stop losses.

DISCLAIMER: The report and information contained herein is strictly confidential and meant solely for the selected recipient and may not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent of ICICI Securities Limited. "The author of the report does not hold any investment/open position in any of the companies mentioned in this report. ICICI Securities Services Ltd (I-Sec) may be holding a small number of shares/ an open position in the above referred companies as on the date of release of this report." This report is based on information obtained from public sources and sources believed to be reliable, but no independent verification has been made nor is its accuracy or completeness guaranteed. This report and information herein is solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments. Nothing in this report constitutes investment, legal, accounting and tax advice or a representation that any investment or strategy is suitable or appropriate to your specific circumstances. The securities discussed and opinions expressed in this report may not be suitable for all investors, who must make their own investment decisions, based on their own investment objectives, financial positions and needs of specific recipient. This may not be taken in substitution for the exercise of independent judgement by any recipient. The recipient should independently evaluate the investment risks. ICICI Securities Ltd and affiliates accept no liabilities for any loss or damage of any kind arising out of the use of this report. Past performance is not necessarily a guide to future performance. Actual results may differ materially from those set forth in projections. ICICI Securities Ltd may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject ICICI Securities Ltd and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.

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