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Welcome Note

Friday12th October, 2018

Stock Of The Day: (F & O)

Forecast and Analysis

CONTENTSCONTENTS



Title Page No.

'30,000 feet view’: The big picture of Dalal Street 04-07

Stock Of The Day: (F & O) 08-09

Equity Derivatives 10

Daily Pivot Table (Equities) 11

Forecast and Analysis 12-14

Daily Pivot Table (Commodities) 15

Disclaimer 16

'30,000 feet view’:

The big picture of Dalal Street

'30,000 feet view’:

The big picture of Dalal Street



'30,000 feet view’: newsletter provides insights and themes for Indian equity markets. We also try and cover international themes for the day. This newsletter is quite popular with traders as it covers the most preferred trading strategy for Sensex/Nifty for the day.

In Chart of the day section, we recommend a stock which is likely to move significantly in the short term, clearly defining the supports, the resistances and bias for the stock.

In a nutshell, '30,000 feet view’: covers themes and insights for the day.

‘30,000 feet view’: The big picture of Dalal Street

www.comfortsecurities.co.inEnjoy Your Comfort Zone.


Nifty Outlook

Intraday

Medium Term

Long Term

Key Levels to Watch

Nifty Support

Nifty Resistance

Pivot Level

Nifty

Outlook for the Day

INDICES

Nifty

Bank Nifty

Nifty Auto Index

Nifty FMCG Index

Nifty Infra Index

Nifty IT Index

Nifty Media Index

Nifty Midcap Index

Nifty Metal Index

Nifty Pharma Index

Nifty Reality Index

Nifty Smallcap Index

Sensex

SGX Nifty


Good Morning & Welcome to Friday's trading action at Dalal Street, dated 12th of

October 2018.

Here we go again!

The cues are more of the same from yesterday! More bad news for stock investors amidst weak

global cues. Overnight Wall Street whipsawed for a second straight session. The Dow Jones

index dived more than 500 points in another wild session; losing nearly 1,400 points over two

days as investors continued to fret over rising bond yields and the prospect of higher interest

rates.

Amid the selling, President Trump continued to criticize the Federal Reserve. His first remarks

came Wednesday when he said the central bank “has gone crazy" with their rate hikes.

On Thursday, Trump told reporters on his way to a rally in Pennsylvania that, “I think the Fed is

making a mistake. They’re so tight. I think the Fed has gone crazy,” appearing on "Fox and

Friends" in a wide-ranging interview, which included his thoughts on fiscal policy makers.

Our call of the day suggests an uninspiring performance likely on Dalal Street. That said, fresh

drubbing only below Nifty 10,171.

Well, if benchmark Nifty slips below 10,171 mark then the perma-bulls have only one option:

Just drop to two knees… lower your chin to your chest… and pray.

Outlook for Friday: Wild swings quite likely.

Dalal Street may consolidate in today's trade after a muted open. Global cues will command

attention as the rout in worldwide stock markets are on backdrop of fast-rising U.S bond yields

and signs of inflation, as these catalysts point to the fact that profit margins could narrow.

Of note, on Thursday the yield on the 10-year U.S. Treasury note retreated slightly but remained

above 3 percent. The street usually defines “danger zone” at (3.20%-3.70%).

Also, a combination of threats likely to keep sentiments subdued. If you recollect, a news

forecast issued in its world economic outlook earlier this week, the IMF cut its global growth

forecast for this year and next to 3.7%. This reflects weaker growth in advanced economies,

rising trade tensions and higher oil prices.

As per IMF, Many emerging-market economies have higher levels of corporate and sovereign

debt, making them more vulnerable to the progressive interest-rate hikes by the Fed.

Meanwhile, also on backdrop remains the intensifying clash between Italy's new government

and the European Union over the nation's budget and that will most probably spread to other

euro-based economies, bringing ghost of slowing worldwide economy.

Long story short: Caution should continue to be the buzzword. Make no mistakes about any

intraday strength, as we still suspect, this is a bull market controlled by the bears. It is not wise

to be a bull on any intraday strength. To put it straight, treat every strength as dead cat bounce

and lighten leveraged long positions. Hurdles for Nifty at 10,501 zone.

Bottom line: Buying advised only if Nifty closes above 10,501 mark.

Earning season is upon us. Last evening TCS report Q2 which was in line with street

expectations. Q2 results of corporate India to trickle in today are:

• Friday: Hindustan Unilever, Karnataka Bank, Avenue Supermart, Jay Bharat Mauti, TATA

sponge, AU Small Finance Bank.

STOCKS TO WATCH:

• Our chart of the day suggests establishing short positions in stocks like REC, PFC and

RCOM with interweek perspective.

• Bullish stocks: PIDILITE, BIOCON, HUL, NESTLE, JUBILANT FOODS, YES BANK,

DHFL, BAJAJ FINANCE.

10235 -2.13%

24784 -2.12%

8740 -2.48%

27375 -0.80%

2838 -1.97%

14683 -3.04%

2526 -0.17%

4435 -3.07%

3307 -3.84%

8488 -2.89%

203 -2.81%

5863 -2.11%

34001 -2.19%

10285 0.05%

Volatile session likely.

Neutral (10171-10321)

Neutral (9750-10901)

Neutral (11901)

10111 & 9860

10351 & 10501

11575



Technical Strategy


• Bearish stocks: AMARA RAJA BATTERY, JSW STEEL, SRF, HCC.

• Show Me the Money: Sell RCOM (11.10): RCOM is signalling a major breakdown

from a lower consolidation zone on weekly charts. Interweek Strategy: Establish short

positions between 11.75-12 zone, targeting 10 and then aggressive targets located at

7.5-8 zone. Stop above 12.75.

• Stocks banned in F&O segment for today: IDBI.

GLOBAL CUES:

• The Dow Jones index tumbled in yesterday's trade as investors continued to fret over the

implication of higher bond yields on equities. Technically, Dow faces major hurdles at

27200. At Wall Street, all three indexes ended below their 200-day moving averages

FII/DII & OPTIONS DATA:

• As per Thursday’s Provisional Data available on the NSE, FII’s sold shares worth Rs.

2869.41 crores in the Indian Equity Market. DIIs on the other hand bought shares worth

Rs. 1888.18 crores in the Indian Equity market.

• As per option data, key resistance level for the September series for Nifty are at 10,500

strike price as maximum call open interest of 35.24 lakh contracts were seen at the

10,500 strike price. Maximum Put open interest of 37.82 lakh contracts was seen at the

10,000 strike price. This will act as a crucial support level for the October series.

COMMODITY CUES:

• Crude Oil prices drifted lower in yesterday's trade despite signs that Iran crude exports

are falling ahead of reimposed sanctions. The recent sequence of higher highs/lows

remains intact. Interweek strategy: Establish long positions between 5245-5275 zone,

targeting 5645 zone and then aggressive targets at 5801 with stop at 5100.

• Copper prices were seen trading firm in Thursday's trade amidst profit booking.

Interweek strategy: Establish long positions only on dips between 447-449 zone,

targeting 465 mark and then at 479 with stop at 429.

• Gold price closed on a positive note in yesterday's trade. Downside well supported near

30675 mark. Interweek strategy: Establish long positions between 31201-21401 zone,

targeting 31901 mark and then aggressive targets at 32451 with stop at 31001.

MACRO WATCH:

• Amongst macroeconomic events, India's industrial production (IIP) data for August and

retail inflation (CPI) prints for September will be released this Friday, 12th October 2018.

Industrial production grew 6.6% in July, backed by the good performance of the

manufacturing sector and higher offtake of capital goods and consumer durables. The

street is expecting the IIP numbers to remain the same for August also. Please note, if

the numbers are higher than the August month then that should infuse positive

sentiment at Dalal Street.

• The landscape is bit scary especially on the escalating trade tension between U.S-China.

This catalyst could be the real villain rattling worldwide stock markets. The heightened

tensions between U.S. -China could not only hamper U.S. economic growth but derail the

global economy at large. At the time of writing, a tit-for-tat tariff battle between Beijing

and Washington remains intact.

• The upcoming assembly elections in five states: Madhya Pradesh, Rajasthan,

Chhattisgarh, Mizoram and Telangana. The Election Commission (EC) on Saturday

announced the dates for the Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and

Mizoram Assembly polls. While Chhattisgarh will go to the polls in two phases on

November 12 and 20, the Madhya Pradesh and Mizoram Assembly elections will be held

on November 28. Polling in Rajasthan and Telangana will be held on December 7.

Counting of votes will be held across all the five states on December 11.

In Thursday's trade, INDRAPRASTHA GAS (IGL)

was seen consolidating at lower levels. The stock

in Wednesday's trading session was seen

attempting a major rebound from a lower

consolidation zone on the daily charts.

Technically, the stock is in consolidation mode at

lower levels and the momentum oscillators are

signaling a major rebound on the buy mode. Any

move above 255 zone will confirm strength which

also needs to be backed by increases in volumes.

The stock is seen moving up on daily charts,

backed by positive divergences.

Key support to watch in near term is at 221 zone.

Medium term supports seen at 207-209 zone.

Intermonth perspective: Establish long

positions at CMP, and on dips between 221-223

zone, targeting 245-255 zone and then at 275-

281 mark with strict stop at 207.

INDRAPRASTHA GAS (IGL)

Action

Target

Support

Resistance

Holding Period

230

BUY

261

221/207

255/281

21 Days.




CURRENCIES & BONDS:

• In Thursday's trade, the Indian Rupee touched a fresh all-time low of 74.50 against the dollar, before recovering all of the day's

losses by the end of the session.

The Rupee may weaken further as the U.S. dollar is seen strengthening further against most of its major rivals.

What Technical Tells Us on Nifty:

After Wednesday's festive buying spree at Dalal Street, the bears came back with a bang in yesterday's trade, as the benchmark Nifty dipped towards the 6-

month low. Sensex ended just above the psychological 34001 mark, down 760 points for the day.

Amidst sea of red, the major losers in Sensex pack were, State Bank of India was down 5.66%, Tata Steel (down 4.72%), Mahindra & Mahindra (down

4.67%), Vedanta (down 4.36%), Infosys (down 3.58%), Tata Motors (down 3.36%) and Adani Ports & Special Economic Zone (down 3.31%).

Broader markets were seen trading with negative bias. The BSE Mid-Cap index fell 2.34%. The BSE Small-Cap index fell 1.41%.

Technically speaking, key support for the day on Nifty is at 10,171 mark. The technical landscape will worsen further if Nifty closes below the 10,171

mark as that would open the door to massive technical selling, possibly quickly towards the 9,951-10,001 zone.

The intraday bias is neutral/negative and selling on any corrective strength should be the preferred strategy.

The make or break hurdles are at 10,501 mark.

The best way to trade this market is to establish long positions only above Nifty 10,501 mark. Until then, makes sense to keep books light. Also, we believe,

this market has much work to do to be on the ultra-bullish side again, so the best strategy is to wait it out.

The price action for Nifty is suggesting that we are likely to see an 10,100-10,811 range in near term with neutral bias.

Bulls Vs. Bears: Time to Pick a Side!!

Volatility likely to be the hallmark of today's trade.

Preferred trade on Nifty: Nifty (10235): Sell only on strength between 10321-10351 zone, targeting 10171 zone and then aggressive targets at 10001-

10101 zone with stop at 10545.

Preferred trade on Bank Nifty: Bank Nifty (24783): Sell between 25175-25201 zone, targeting 24501 zone and then aggressive targets at 24001-24151

zone with stop at 25901.

Daily Chart of the day



Comfort stock of the day


When we want to see what's happening far off, we will reach for the binoculars. The binocular helps us to steer out of danger and also accurately spots our targets.

When it comes to trading / investing, that's exactly how Stock Of The Day: (F & O) introduces to the momentum stocks from the list of Future & Option segment, defining their support and resistance levels, and attempts to forecast their movement with a short /medium term perspective.


R2STOCKS LTP S1 S2 R1 TRADING STRATEGYBIAS


Invest Smart. Build Wealth. www.comfortsecurities.co.in


AMARA RAJA BATTERY ended on a negative note in Thursday's trade, down 2.70%. Key hurdle now seen at 735. Downside risk now at 671. Interweek strategy: Establish short positions at CMP, targeting 701 zone and then aggressive targets at 671-675 zone with stop at 737.

Momentum oscilators signaling major weakness. Key hurdle now seen at 383. Interweek strategy: Establish short positions between 367-371 zone, targeting 353 zone and then aggressive targets at 341-343 zone with stop at 383.45.

Breakdown play is the theme for REC. Key hurdles now seen at 107.25. Intraday strategy: Establish short positions between 103.50-105 zone, targeting 97 zone, and then aggressive targets at 89-93 zone with stop at 107.45.

RCOM is signalling a major breakdown from a lower consolidation zone on weekly charts. Interweek Strategy: Establish short positions between 11.75-12 zone, targeting 10 and then aggressive targets located at 7.5-8 zone. Stop above 12.75.

PIDILITE is signaling a major rebound from an oversold zone on the daily charts. Key support seen at 925 zone. Key hurdles seen at 991. Interweek Strategy: Buy between 945-951 zone, targeting 991 and then at 1004-1021 zone. Stop below 921.

Investors brace for more volatility! AMARA RAJA BATTERY preferred bet on sell side!!

AMARA RAJA BATTERY

JSW STEEL

REC

RCOM

PIDILITE

719.45 701 671 735 761 Negative

361.7 353 341 373 399 Negative

100 97 89 107.25 111 Negative

11.1 10 7.5 12.45 13.5 Negative

959.65 925 901 991 1021 Positive



EQUITY DERIVATIVESLooking into the future from present.

Changes in Open Interest (OI) in yesterday’s trade.

Nifty Spot

Bank Nifty Future

VIX

Premium

Nifty Future OI

Bank Nifty Spot OI

BSE Cash Vol. (Rs. in Cr)

NSE Cash Vol.(Rs. in Cr)

NSE Derivative Vol. (Rs. in Cr)

Index Future Volumes

Stock Future Volumes

Index Option Volumes

Stock Option Volumes

Total

Cash Volumes (INR in Cr.)

YesterdayDay Before Yesterday

Derivatives Vol.(INR in Cr.)

No of contracts

Turnover (Rs. In cr.)

Major Changes in Nifty Options (OI)

Market Summary:

The benchmark Nifty ended Thursday’s trading session on an extremely weak note,

down 2.16% at 10234.65. Barring PSE & Energy Index, all the major sectoral indices

were in deep red. Amongst Broader Indices, the BSE Midcap Index was down

2.34%. The BSE Smallcap Index was down 1.41%.

Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE Oil & Gas

Index (up 2.88%).

Amongst the sectoral indices, underperforming the Sensex/Nifty were BSE Metal

Index (down 3.77%), BSE IT Index (down 3.21%), BSE Realty Index (down

3.16%).

Amongst stock specific action, positive bias was seen in stocks like HINDPETRO (up

16.21%), IOC (up 5.77%), BPCL (up 4.84%)

Among stocks drifting down were: IBHSGFIN (down 9.12%), BAJFINSERV (down

6.20%), SBIN (down 6.08%)

Maximum Call Open Interest (OI) stands at 11000 Strike Price, followed by 10500

Strike Price for October Series. Short built up in calls was seen at 10500-10600 strike

prices for October Series.

Maximum Put Open Interest (OI) was seen at strike price 10000 followed by 11000

strike price for October series. Huge short covering rally in Puts was seen between

10300-11300 strike price for October Series.

As per Thursday’s Provisional Data available on the NSE, FII’s sold shares worth Rs.

2869.41 crores in the Indian Equity Market. DIIs on the other hand bought shares

worth Rs. 1888.18 crores in the Indian Equity market.

Highest OI Nifty: Calls 11000: 49.49 L - Puts 10000: 37.83

Highest OI Bank Nifty: Calls 25000: 6.19 L - Puts 24000: 5.96 L

Change in Stock Open Interest (OI) in previous day’s trade.

Long Buildup: VGUARD, BATA, GAIL, EQUITAS, COLPAL.

Short Buildup: TATA MOTORS, HINDALCO, M&M, BHARTI AIRTEL, L&T.

Short Covering: YES BANK, BPCL, MCX, HUL, IOC.

Long Unwinding: ICICI BANK, GRANULES, NMDC, SRTFIN.

Stocks banned in F&O segment for today: IDBI.

New In Ban: NIL.

Out of Ban: NIL.

Future Call: BUY VGUARD OCTOBER FUTURES between 165-

167.50 zone. Targets at 176 and then at 185. Stop: 165. Holding

Period: Intraday. Analyst’s Remark: Rebound Play (VGUARD

October Futures CMP 169.85).

Option Call: BUY NIFTY OCTOBER CE strike price 10400 at CMP

92. Profit: Unlimited. Maximum Loss: Rs. 6,900. Stop: Exit Call

Option if Nifty moves below 10140. (Nifty October Futures CMP

10258.55).

10234.65 (-2.16%)

24783.95 (-2.12%)

20.5475 (+14.74%)

+24 vs +09

1.97 crores (-0.19%)

13.82 lakhs (-20.09%)

3368.14 3523.6

38661.67 37739.57

1994265 1194245

447151 38007

1094446 66310

19190884 1841648

721778 48299

21454259 1994265

Calls in lakhs (% Change)

10500 35.24 (+37%)

10600 27.1 (+33%)

10400 20.43 (+57%)

Puts in lakhs (% Change)

10000 37.83 (0%)

10200 19.82 (+5%)

10100 12.8 (-4%)


www.comfortsecurities.co.in

DAILY PIVOT TABLE



Instrument Close S1 S2 R1 R2 200 Day SMA Reversal Point Trend

All level indicated above are based on cash market prices.

Pivot Point

PP : Pivot Point : This is trigger point for weekly buy/sell based on the price range of the previous week.R1 : Resistance one : 1st Resistance over PP. R2 : Resistance two : 2nd Resistance over R1.S1 : Support one : 1st support after PP. S2 : Support Two : 2nd support after S1.

As per the tool, the trader should take BUY position just above PP and keep the stop loss of PP and the first target would be R1.If R1 is crossed then R2 becomes the next target with the stop loss at R1.

Similarly if price goes below PP the trader should SELL and keep the PP as Stop loss and the first target would be S1.

If S1 is crossed then S2 becomes the next target with the stop loss at S1.This is a trading tool. The key to use of this tool is the use of STOP LOSS.


NIFTY 10234.65 10136.85 10039.05 10334.2 10433.75 10236.4 10779.09 DOWN

BANKNIFTY 24783.95 24538.4 24292.85 24984.8 25185.65 24739.25 26090.98 DOWN

NIFTYMID50 4434.55 4364.57 4294.58 4521.97 4609.38 4451.98 5117.08 DOWN

ACC 1434.8 1411.3 1387.8 1452.5 1470.2 1429 1537.34 DOWN

ADANIENT 138.2 134.43 130.67 142.68 147.17 138.92 129.31 UP

ADANIPORTS 313.5 308.12 302.73 321.87 330.23 316.48 385.19 DOWN

AJANTPHARM 1008.9 969.1 929.3 1049.7 1090.5 1009.9 1232.8 DOWN

ALBK 35.4 34.4 33.4 36.2 37 35.2 49.14 DOWN

AMARAJABAT 719.45 710.48 701.52 731.53 743.62 722.57 808.81 DOWN

ANDHRABANK 25.85 25.6 25.35 26.1 26.35 25.85 39.65 DOWN

APOLLOTYRE 206 203.42 200.83 210.12 214.23 207.53 266.31 DOWN

ARVIND 321.5 309.87 298.23 331.27 341.03 319.63 404.5 DOWN

ASHOKLEY 111.8 108.63 105.47 114.58 117.37 111.42 134.28 DOWN

ASIANPAINT 1219.05 1199.17 1179.28 1230.22 1241.38 1210.33 1244.11 DOWN

AUROPHARMA 756.25 743.9 731.55 773.95 791.65 761.6 632.7 UP

AXISBANK 580.85 558.7 536.55 594.4 607.95 572.25 556.1 UP

BAJAJ-AUTO 2525.8 2502.2 2478.6 2552.65 2579.5 2529.05 2910.85 DOWN

BAJAJFINSV 5592 5503.67 5415.33 5727.67 5863.33 5639.33 5752.4 DOWN

BAJFINANCE 2162.1 2071.4 1980.7 2241.4 2320.7 2150.7 2109.31 UP

BALKRISIND 1013.2 981.07 948.93 1041.27 1069.33 1009.13 1162.79 DOWN

BALRAMCHIN 92.3 89.03 85.77 97.78 103.27 94.52 86.6 UP

BANKBARODA 93.95 91.53 89.12 95.83 97.72 93.42 139.81 DOWN

BANKINDIA 75.6 74.27 72.93 77.57 79.53 76.23 109.85 DOWN

BATAINDIA 901.7 861.3 820.9 929.75 957.8 889.35 819.92 UP

BEL 84.9 79.57 74.23 88.37 91.83 83.03 129.98 DOWN

BEML 585.35 560.07 534.78 603.57 621.78 578.28 1034.48 DOWN

BERGEPAINT 274.75 269.22 263.68 279.27 283.78 273.73 280.21 DOWN

BHARATFIN 990.8 979.5 968.2 1001.05 1011.3 989.75 1109.99 DOWN

BHARATFORG 555.25 546.45 537.65 569.15 583.05 560.35 684.85 DOWN

BHARTIARTL 285.35 280.13 274.92 292.68 300.02 287.47 400.43 DOWN

BHEL 73.3 71.27 69.23 75.12 76.93 73.08 82.56 DOWN

BIOCON 608.75 589.33 569.92 626.83 644.92 607.42 610.1 DOWN

BPCL 278.15 263.4 248.65 288.7 299.25 273.95 412.28 DOWN

BRITANNIA 5570.2 5486.38 5402.57 5658.23 5746.27 5574.42 5546.46 UP

CANBK 225.15 218.43 211.72 231.43 237.72 224.72 279.29 DOWN

CANFINHOME 238.8 230.37 221.93 248.27 257.73 239.83 398.63 DOWN

CAPF 472.6 457.33 442.07 485.53 498.47 470.27 615.14 DOWN

CASTROLIND 141.2 135.93 130.67 145.48 149.77 140.22 178.05 DOWN

CEATLTD 1061.8 1037.17 1012.53 1085.22 1108.63 1060.58 1492.69 DOWN

CENTURYTEX 742.3 723.63 704.97 762.33 782.37 743.67 1080.03 DOWN

CESC 847.65 828.9 810.15 868.8 889.95 850.05 988.48 DOWN

CGPOWER 39.15 38.35 37.55 40.1 41.05 39.3 71.35 DOWN

CHENNPETRO 246.95 229.63 212.32 259.63 272.32 242.32 330.55 DOWN

CHOLAFIN 1109.7 1066.07 1022.43 1144.27 1178.83 1100.63 1446.57 DOWN

CIPLA 616.2 608.23 600.27 628.98 641.77 621.02 603.18 UP

COALINDIA 266.6 262.93 259.27 272.38 278.17 268.72 281.52 DOWN

COLPAL 1099.55 1056.8 1014.05 1123.65 1147.75 1080.9 1124.73 DOWN

CONCOR 594.4 581.27 568.13 606.52 618.63 593.38 655.57 DOWN

CUMMINSIND 669.35 660.2 651.05 680.25 691.15 671.1 754.16 DOWN

DABUR 393.35 386.68 380.02 398.33 403.32 391.67 379.35 UP

DCBBANK 151.6 145.7 139.8 155 158.4 149.1 174.57 DOWN

DHFL 289.65 254.47 219.28 312.37 335.08 277.18 574.22 DOWN

DISHTV 55.4 53.27 51.13 57.27 59.13 55.13 71.61 DOWN

DIVISLAB 1250.95 1226.83 1202.72 1283.53 1316.12 1259.42 1132.44 UP

DLF 153.45 150.37 147.28 158.62 163.78 155.53 210.95 DOWN

DRREDDY 2459 2406 2353 2514 2569 2461 2247.77 UP

EICHERMOT 22357.45 21493.27 20629.08 22910.82 23464.18 22046.63 28434.27 DOWN

ENGINERSIN 111.75 105.4 99.05 116.8 121.85 110.45 148.33 DOWN

EQUITAS 128.15 118.92 109.68 134.67 141.18 125.43 146.77 DOWN

ESCORTS 566.5 550.6 534.7 587 607.5 571.1 852.8 DOWN

EXIDEIND 251.3 242.37 233.43 259.87 268.43 250.93 246.63 UP

FEDERALBNK 71.3 70.32 69.33 72.47 73.63 71.48 89.93 DOWN

FORTIS 131.95 129.63 127.32 133.83 135.72 131.52 145.12 DOWN

GAIL 350.25 333.93 317.62 359.63 369.02 343.32 351.5 DOWN

GLENMARK 598.1 581.5 564.9 613.2 628.3 596.6 580.37 UP

GMRINFRA 15.85 15.57 15.28 16.32 16.78 16.03 18.59 DOWN

GODREJCP 727.95 698.7 669.45 746.7 765.45 717.45 795.19 DOWN

GODREJIND 477.05 460.47 443.88 489.32 501.58 472.73 584.18 DOWN

GRANULES 89.75 87.08 84.42 93.33 96.92 90.67 106.74 DOWN

GRASIM 878.35 862.57 846.78 891.57 904.78 875.78 1068.49 DOWN

GSFC 89 85.88 82.77 91.73 94.47 88.62 122.37 DOWN

HAVELLS 579.95 567.45 554.95 595.7 611.45 583.2 567.33 UP

HCC 11.75 11.33 10.92 12.23 12.72 11.82 22.14 DOWN

HCLTECH 1009 996.17 983.33 1023.67 1038.33 1010.83 969.48 UP

HDFC 1684.55 1665.47 1646.38 1713.87 1743.18 1694.78 1856.4 DOWN

HDFCBANK 1937.55 1920.67 1903.78 1951.37 1965.18 1934.48 1989.07 DOWN

HDIL 20 19.08 18.17 20.83 21.67 19.92 35.99 DOWN

HEROMOTOCO 2871 2833.3 2795.6 2921.8 2972.6 2884.1 3494.8 DOWN

HEXAWARE 384.65 373.27 361.88 395.47 406.28 384.08 414.89 DOWN

HINDALCO 216.5 211.2 205.9 221.7 226.9 216.4 235.92 DOWN

HINDPETRO 207.95 183.93 159.92 224.18 240.42 200.17 320.16 DOWN

HINDUNILVR 1526.1 1488.87 1451.63 1551.67 1577.23 1514.43 1515.53 UP

HINDZINC 270.3 266.35 262.4 275.1 279.9 271.15 298.84 DOWN

IBREALEST 92.1 87.97 83.83 95.87 99.63 91.73 180.09 DOWN

IBULHSGFIN 891.7 856.4 821.1 931.25 970.8 895.95 1222.26 DOWN

ICICIBANK 311.7 305.32 298.93 316.77 321.83 310.38 304.84 UP

ICICIPRULI 320.2 315.25 310.3 327.45 334.7 322.5 394.14 DOWN

ICIL 60.9 56.7 52.5 64.4 67.9 60.2 87.95 DOWN

IDBI 58.8 58.07 57.33 59.27 59.73 58.53 63.01 DOWN

IDEA 34.55 33.55 32.55 35.4 36.25 34.4 67.8 DOWN

IDFC 37.3 36.4 35.5 38.6 39.9 37.7 51.26 DOWN

IDFCBANK 35.15 34.12 33.08 36.02 36.88 34.98 46.55 DOWN

IGL 229.75 223.7 217.65 237.1 244.45 231.05 284.36 DOWN

INDIACEM 92.45 90.1 87.75 95.25 98.05 92.9 136.62 DOWN

INDIANB 231.1 225.35 219.6 238.25 245.4 232.5 328.55 DOWN

INDIGO 760.8 716.05 671.3 803.6 846.4 758.85 1158.48 DOWN

INDUSINDBK 1592.55 1579.3 1566.05 1607.9 1623.25 1594.65 1822.39 DOWN

INFIBEAM 52.35 49.58 46.82 55.63 58.92 52.87 164.5 DOWN

INFRATEL 259.75 253.62 247.48 264.27 268.78 258.13 315.23 DOWN

INFY 673.35 660.13 646.92 689.73 706.12 676.52 620.09 UP

IOC 131 123.02 115.03 136.47 141.93 128.48 171.47 DOWN

IRB 130.15 125.63 121.12 136.63 143.12 132.12 217.65 DOWN

ITC 265.2 262.8 260.4 268.45 271.7 266.05 277.62 DOWN

JETAIRWAYS 191.2 181.13 171.07 199.73 208.27 189.67 505.24 DOWN

JINDALSTEL 166.8 162.28 157.77 173.48 180.17 168.97 229.75 DOWN

JISLJALEQS 65.4 63.15 60.9 67.5 69.6 65.25 101.97 DOWN

JPASSOCIAT 6.45 6.25 6.05 6.65 6.85 6.45 16.41 DOWN

JSWENERGY 59.25 58.17 57.08 60.27 61.28 59.18 75.15 DOWN

JSWSTEEL 361.7 353.45 345.2 371.35 381 363.1 322.89 UP

JUBLFOOD 1144.8 1112.4 1080 1185.6 1226.4 1153.2 1227.5 DOWN

JUSTDIAL 444.4 419.92 395.43 465.07 485.73 440.58 510.34 DOWN

KOTAKBANK 1115.55 1100.37 1085.18 1125.37 1135.18 1110.18 1187.88 DOWN

KPIT 197.4 192.52 187.63 202.57 207.73 197.68 248.2 DOWN

KSCL 499.3 477.53 455.77 515.53 531.77 493.77 540.92 DOWN

KTKBANK 98.8 96.97 95.13 101.22 103.63 99.38 123.8 DOWN

L&TFH 127.95 122.43 116.92 133.03 138.12 127.52 164.94 DOWN

LICHSGFIN 410.75 405.68 400.62 417.38 424.02 412.32 514.78 DOWN

LT 1225.85 1218.3 1210.75 1235.2 1244.55 1227.65 1320.85 DOWN

LUPIN 836.55 824.63 812.72 855.43 874.32 843.52 842.16 DOWN

M&M 730.15 711.27 692.38 752.77 775.38 733.88 839.34 DOWN

M&MFIN 372.4 360.23 348.07 391.08 409.77 378.92 467.4 DOWN

MANAPPURAM 74 70.2 66.4 77.05 80.1 73.25 106.53 DOWN

MARICO 305.75 289.93 274.12 314.58 323.42 298.77 329.06 DOWN

MARUTI 6875.5 6737.13 6598.77 6981.93 7088.37 6843.57 8926.43 DOWN

MCDOWELL-N 496.7 466.23 435.77 513.33 529.97 482.87 642.44 DOWN

MCX 745.95 691.1 636.25 776.7 807.45 721.85 794 DOWN

MGL 789.85 761.57 733.28 812.57 835.28 784.28 920.05 DOWN

MOTHERSUMI 228.55 221.08 213.62 234.93 241.32 227.47 320.81 DOWN

MRF 63427.5 62001.15 60574.8 64561.75 65696 63135.4 73037.96 DOWN

MRPL 77.5 70.53 63.57 81.23 84.97 74.27 99.99 DOWN

MUTHOOTFIN 397.25 381.47 365.68 410.02 422.78 394.23 414.79 DOWN

NATIONALUM 66.95 64.62 62.28 68.52 70.08 66.18 71.09 DOWN

NBCC 52.5 51.42 50.33 53.67 54.83 52.58 90.6 DOWN

NCC 69.95 68.2 66.45 71.75 73.55 70 110.74 DOWN

NMDC 108.45 105.35 102.25 110.85 113.25 107.75 120.18 DOWN

NTPC 163.15 161.07 158.98 165.47 167.78 163.38 165.81 DOWN

OFSS 3896.6 3814.52 3732.43 3989.27 4081.93 3907.18 4015.63 DOWN

OIL 197.85 191.12 184.38 206.17 214.48 199.43 223.05 DOWN

ONGC 152.95 146.17 139.38 159.67 166.38 152.88 177.47 DOWN

ORIENTBANK 61.95 60.43 58.92 63.63 65.32 62.12 89.82 DOWN

PCJEWELLER 55.5 53.92 52.33 57.22 58.93 55.63 237.71 DOWN

PEL 2232.35 2190.87 2149.38 2296.92 2361.48 2255.43 2620.49 DOWN

PETRONET 212.1 206.82 201.53 216.32 220.53 211.03 230.44 DOWN

PFC 75.25 73.65 72.05 77.2 79.15 75.6 90.63 DOWN

PIDILITIND 959.65 916.18 872.72 985.48 1011.32 942.02 1018.7 DOWN

PNB 64.3 62.93 61.57 65.83 67.37 64.47 102.85 DOWN

POWERGRID 185.7 183.67 181.63 188.12 190.53 186.08 195.81 DOWN

PTC 69.75 68.3 66.85 72 74.25 70.55 89.8 DOWN

PVR 1257 1236.78 1216.57 1275.88 1294.77 1255.67 1336.12 DOWN

RAMCOCEM 579.55 570.75 561.95 590 600.45 581.2 734.41 DOWN

RAYMOND 632 615.25 598.5 648.35 664.7 631.6 934.62 DOWN

RBLBANK 519.65 506.2 492.75 534 548.35 520.55 529.18 DOWN

RCOM 11.1 10.7 10.3 11.5 11.9 11.1 19.81 DOWN

RECLTD 100 97.78 95.57 102.98 105.97 100.77 124.17 DOWN

RELCAPITAL 241.55 229.27 216.98 255.67 269.78 243.38 431.46 DOWN

RELIANCE 1087.8 1048.95 1010.1 1120.7 1153.6 1081.85 1018.85 UP

RELINFRA 300.85 288.17 275.48 313.47 326.08 300.78 435.12 DOWN

REPCOHOME 366.65 357.92 349.18 379.37 392.08 370.63 580.46 DOWN

RPOWER 25.9 24.72 23.53 27.12 28.33 25.93 37.82 DOWN

SAIL 64.9 63.6 62.3 66.4 67.9 65.1 79.69 DOWN

SBIN 262.15 258 253.85 268.9 275.65 264.75 275.17 DOWN

SHREECEM 14823.75 14498.95 14174.15 15271.6 15719.45 14946.8 17013.99 DOWN

SIEMENS 886.65 872.17 857.68 900.07 913.48 885.58 1081.24 DOWN

SOUTHBANK 12.65 12.4 12.15 12.95 13.25 12.7 23.62 DOWN

SREINFRA 33.9 32.13 30.37 35.53 37.17 33.77 72.23 DOWN

SRF 1727.05 1692.12 1657.18 1774.87 1822.68 1739.93 1908.56 DOWN

SRTRANSFIN 1046.35 1000.57 954.78 1087.07 1127.78 1041.28 1381.5 DOWN

STAR 426.55 412.27 397.98 442.12 457.68 427.83 560.47 DOWN

SUNPHARMA 586.7 578.52 570.33 599.07 611.43 590.88 556.77 UP

SUNTV 636.5 611.47 586.43 660.27 684.03 635.23 863.03 DOWN

SYNDIBANK 30.7 30.13 29.57 31.28 31.87 30.72 52.57 DOWN

TATACHEM 634.35 621.58 608.82 648.63 662.92 635.87 715.55 DOWN

TATACOMM 483.6 453.48 423.37 505.73 527.87 475.62 602.41 DOWN

TATAELXSI 975.2 958.37 941.53 998.77 1022.33 981.93 1183.19 DOWN

TATAGLOBAL 224.6 216.5 208.4 231.2 237.8 223.1 265.57 DOWN

TATAMOTORS 182.95 178.05 173.15 187.8 192.65 182.9 318.36 DOWN

TATAMTRDVR 101.85 98.55 95.25 104.6 107.35 101.3 180.24 DOWN

TATAPOWER 62.25 61.27 60.28 63.57 64.88 62.58 80.04 DOWN

TATASTEEL 555.15 548.13 541.12 563.08 571.02 556.07 610.19 DOWN

TCS 1979.95 1942.97 1905.98 2014.97 2049.98 1977.98 1732.41 UP

TECHM 695.45 681.38 667.32 705.78 716.12 691.72 652.23 UP

TITAN 778.9 756.3 733.7 799.75 820.6 777.15 880.98 DOWN

TV18BRDCST 34.3 33.57 32.83 35.22 36.13 34.48 54.84 DOWN

TVSMOTOR 511.8 500.53 489.27 522.53 533.27 511.27 618.03 DOWN

UBL 1187.9 1150.92 1113.93 1221.52 1255.13 1184.53 1155.2 UP

UJJIVAN 248.7 233.32 217.93 261.02 273.33 245.63 368.56 DOWN

ULTRACEMCO 3688.75 3633.33 3577.92 3742.03 3795.32 3686.62 4062.79 DOWN

UNIONBANK 68.55 67.23 65.92 70.13 71.72 68.82 98.1 DOWN

UPL 605.15 589.43 573.72 621.63 638.12 605.92 697.77 DOWN

VEDL 207.9 199.35 190.8 217.1 226.3 208.55 270.39 DOWN

VOLTAS 498.3 485 471.7 512.9 527.5 499.6 589.37 DOWN

WIPRO 313.05 306.78 300.52 317.38 321.72 311.12 290.06 UP

WOCKPHARMA 504.1 486.95 469.8 522.3 540.5 505.15 717.23 DOWN

YESBANK 240.2 214.92 189.63 267.22 294.23 241.93 330.24 DOWN

ZEEL 463.9 439.37 414.83 483.72 503.53 459.18 548.57 DOWN



Comfort ‘Forecast and Analysis’

Forecast and Analysis is a daily newsletter that provides technical update on all the major instruments of the world like Gold, Silver, Crude Oil, US Dollar Index and USD/INR. We define their support and resistance levels and attempt to forecast their movement with a short / medium term perspective. Also in the report, a trader will find bias for the mentioned instruments.

This newsletter is also quite popular with a market participant who loves to have insight & theme on MCX Gold, MCX Silver as well MCX Crude-Oil.

Forecast and Analysis

Instrument TRADING STRATEGYLTP S1 S2 R1 R2 Bias


MCX GOLD

MCX SILVER

MCX CRUDE OIL

MCX COPPER

MCX NATURAL GAS

USD-INR

Forecast and Analysis …Direction at a glance



Gold price closed on a positive note in yesterday's trade. Downside well supported near 30675 mark. Interweek strategy: Establish long positions between 31201-21401 zone, targeting 31901 mark and then aggressive targets at 32451 with stop at 31001.

Silver prices too traded rangebound in yesterday's trade. Interweek strategy: Establish long positions between 38105-38150 zone, targeting 38901 mark and then aggressive targets at 39500-39650 zone with stop at 37101.

The recent sequence of higher highs/lows remains intact. Interweek strategy: Establish long positions between 5245-5275 zone, targeting 5645 zone and then aggressive targets at 5801 with stop at 5100.

Copper prices were seen inching up in yesterday's trade. Interweek strategy: Establish long positions only on dips between 447-449 zone, targeting 465 mark and then at 479 with stop at 429.

Natural Gas prices continue to trade with positive bias. Intraday strategy: Establish long positions between 229-232 zone , targeting 245 and then aggressive targets at 249-251 zone with stop at 223.

Key support now at 71.75. Interweek strategy: We have a neutral bias amidst overbought technical conditions. Having said that buying on any sharp declines should be the preferred strategy.

31827 31201 30675 31900 32451 Neutral

38796 38105 37201 38921 39650 Neutral

5302 5245 5100 5645 5801 Positive

460 447 429 465 479 Positive

237.90 227.45 215.00 245.00 251.00 Positive

74.11 71.45 70.00 75.00 77.00 Positive

Bloodletting may not be over for the Indian Rupee.

Instrument TRADING STRATEGYLTP S1 S2 R1 R2


GOLD $

SILVER ($)

WTI CRUDE OIL ($ )

EUR/USD

Forecast and Analysis …Sailing global trend

Bias

DOW JONES

US Dollar Index



Wall Street volatile amidst rising bond yields and global trade spats. Bias shifts to negative.

Gold prices were seen trading with positive bias in yesterday's trade. Hurdles now seen at 1245. Confirmation of major strength only above 1245. Interweek Strategy: Sell at CMP, targeting 1201 and then at 1171-1191 zone with stop above 1233.

Silver prices traded flat in yesterday's trade. Hurdles now seen at 15.45. Confirmation of major strength only above 15.45.

Profit booking witnessed in Crude-oil prices. Intraday strategy: Establish long positions only above 75 zone, targeting 77.50 zone and then 80 with stop at 70.20

We have a negative bias on EUR/USD. Major weakness seen only below 1.1451. Selling on strength should be preferred strategy.

We have positive bias for US Dollar Index. Hurdles at 97.50. Aggressive upside targets seen at 99. Downside well supported at 92.50. Major weakness now only below 92.50.

The Dow Jones index traded volatile in Thursday's trade following Wednesday’s drubbing where Dow tanked 832 points as investors continued to fret over the implication of higher bond yields on equities. Dow faces major hurdles at 27200.

1219 1191 1171 1227 1245 Neutral

14.56 14.21 13.75 15.45 16.09 Negative

71.8 70.25 68.3 75 77.5 Positive

1.1555 1.1379 1.1100 1.1745 1.1900 Negative

95.18 94.45 92.50 97.50 99.00 Positive

25256 25001 24445 26551 27200 Negative


DAILY PIVOT TABLE



CommodityExchange Close S1 S2 R1 R2200 Day

SMA Reversal

Point Trend

MCX ALUMINUM

MCX CARDAMOM

NCDEX CASTOR

NCDEX CHANA

MCX COPPER

MCX COTTON

MCX CRUDE-OIL

MCX GOLD

NCDEX GAUR GUM

NCDEX GAUR SEED

NCDEX JEERA

MCX LEAD

MCX MENTHA OIL

MCX NATURAL GAS

MCX NICKLE

NCDEX RM SEED

MCX SILVER

NCDEX SUGAR

NCDEX SOYA BEAN

MCX ZINC

151.8 150.93 150.07 153.08 154.37 145.5 147.05 DOWN

1380 1366.73 1353.47 1391.63 1403.27 1100.67 1400.2 UP

4808 4753.33 4698.67 4849.33 4890.67 4280.04 4810 DOWN

4183 4165.33 4147.67 4195.33 4207.67 3828.07 4110 DOWN

458.7 456.4 454.1 462.7 466.7 446.11 447.4 UP

22350 22263.33 22176.67 22413.33 22476.67 21506.55 22445 UP

5454 5386.67 5319.33 5548.67 5643.33 4529.08 5274 UP

31381 31300.33 31219.67 31428.33 31475.67 30455.92 31011 UP

9029 8930 8831 9131 9233 8900.5 9159 UP

4160.5 4117.33 4074.17 4216.33 4272.17 4134.85 4257 DOWN

19505 19296.67 19088.33 19671.67 19838.33 17562.75 18925 DOWN

142.3 140.78 139.27 144.13 145.97 156.42 151.15 UP

1734.7 1725.67 1716.63 1747.87 1761.03 1468.8 1685.4 DOWN

242.9 240.17 237.43 247.77 252.63 193.1 224.1 UP

943.3 935.97 928.63 955.77 968.23 920.54 901.5 UP

4045 4023 4001 4078 4111 4029.34 4137 UP

38485 38304.34 38123.67 38697.34 38909.67 38775.32 37832 DOWN

3050 3050 3050 3050 3050 3614.83 3015 UP

3204 3194.33 3184.67 3210.33 3216.67 3501.41 3241.5 UP

196.2 193.42 190.63 201.12 206.03 201.91 186.45 DOWN



DISCLAIMER: This is solely for information of clients of Comfort Securities Ltd. and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Comfort Securities Ltd. its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but Comfort Securities Ltd. or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information.

Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by Comfort Securities Ltd. in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Comfort Securities Ltd. has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Comfort Securities Ltd. makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment.

POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report)Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.

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Comfort Securities Limited Daily Research Reports · 24784 -2.12% 8740 -2.48% 27375 -0.80% 2838...

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Transcript of Comfort Securities Limited Daily Research Reports · 24784 -2.12% 8740 -2.48% 27375 -0.80% 2838...