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Welcome Note

Monday30th July, 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

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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 first trading day of the week at Dalal Street, dated

30th July 2018.

This Monday morning, all bullish eyes will be on Reliance Industries’ stock price, after the

firm on Friday (after market close) reported a record net profit of Rs. 9,459 crore for the

April-June period and most importantly petro chemical margins came as a surprise.

Reliance Jio, too posted a profit of Rs. 612 crore in the quarter ended June 30, versus Rs.

510 crore in the previous quarter.

Also helping sentiments would be Q1 of Bank Of Baroda which reported a 160% jump in

net profit to Rs 528.3 crore for the quarter ended June. Interestingly, the profit was driven

by healthy net interest income (NII), stable loan growth and lower provisions.

Long story short: The landscape for equities at Dalal Street remains fairly constructive

on backdrop of better than expected Q1 results of Reliance (RIL), Bajaj Finance, Federal

Bank, Biocon, Indusind Bank, L&T Finance, Jubilant Foods, Larsen, Rallies, and JSW Steel.

The results are quite spectacular and indicate lots of confidence about earnings growth in

the near future despite some misses from names like Bajaj Auto, Dr. Reddys Lab and ICICI

Bank.

Focus will now immediately shift to next batch of Q1: Commanding attention in

today’s trade will be Q1 of ESCORTS & HDFC. Prominent firms announcing Q1 are:

• Monday: AXIS BANK, CANFIN HOMES, CENTURY TEXTILE, CHENNAI PETRO,

DMART, ESCORTS, GODREJ CONSUMER, HDFC, IDEA, IDFC, IDFC BANNK,

INDIGO, JP ASSOCIATE, TECH MAHINDRA, SHREE CEMENT.

What Technical Tells Us on Nifty: Nifty ended Friday’s session with modest gains, up

0.99% at 11,278.35.

The positive takeaway was that the market breadth, indicating the overall health of the

market, was strong. The BSE Mid-Cap index rose 0.95% and the BSE Small-Cap index rose

0.88%, more or less matching Sensex’s strength.

Technically speaking, Nifty is now in uncharted territory, aggressive targets in

near term could be at 11,500 zone.

The must watch support levels are placed at 11221 & then at 11151. The technical

landscape will worsen only if Nifty slips below the 10,821 mark as that would open the door

to massive technical selling, possibly quickly to the 10,451-10,501 zone.

Going forward, regardless of being at unchartered territory, Nifty’s daily chart shows that

there's further room to go up, amidst latest breakout set-up after the long consolidative

phase. The momentum technical indicators are in bullish mode. For the day, we believe,

Nifty may most likely to trade with positive bias and the benchmark most probably will aim

to close above 11,301 mark.

Having said that, aggressive buying advised only on any sharp corrective declines.

Meanwhile, the price action for Nifty is suggesting that we are likely to see a 10,901-11,425

range in near term with positive bias.

Outlook for Monday: Stock specific action will command

attention.

In a historic moment at Dalal Street, the benchmark Nifty scaled fresh-all-time high in

Friday’s trade. Nifty now enters uncharted territory.

The big question: To buy or not to buy after Nifty’s record levels?

To start with, the ongoing rally is backed by sings that till date, the corporate profits are on

the rise, if not strong. The street is also quite optimistic that the global economy remains in

11278 0.99%

27634 0.83%

10875 0.97%

30749 2.37%

3135 0.48%

14518 0.34%

2827 0.02%

4983 1.01%

3298 1.93%

9039 0.49%

268 0.54%

7403 1.15%

37338 0.95%

11318 0.01%

Positive session likely.

Positive (11211-11311)

Neutral (10551-11501)

Neutral (12001)

11221 & 11151

11311 & 11501

10751



Technical Strategy


the growth path.

Our call of the day suggests there are lots of encouraging bullish signals that are likely to

prompt investors to buy more equities in expectation of more future gains.

Bargain hunting, value buying and short covering could be the probable theme, as we

suspect the rally likely to be broad, and most importantly, a joyful rally most likely.

Judging by early action at SGX Nifty, it’s likely that the benchmark Nifty will have a positive

trading session. Nifty bulls will continue to just jump over the moon. Expect stock specific

action to command attention as many a mid-cap stocks likely to skyrocket.

Make hay while the sun shines.

Global cues:

• In Friday’s action at Wall Street, Wall Street ended lower following

disappointing results from Twitter Inc, Exxon and Intel. The highly-anticipated

release of gross domestic product data also showed that economic growth

remains relatively strong but came in a shade below lofty expectations.

For the week, the Dow added 1.6%, the S&P 500 rose 0.6%, and the Nasdaq

fell 1.1%. Both the Dow and the S&P posted their fourth straight weekly gains,

the longest such streak since January.

Commodity Cues:

• In commodities, oil prices were trading firm with clear positive bias after Saudi

Arabia suspended crude shipments through a strategic Red Sea shipping lane

and as data showed U.S. inventories fell to a 3-1/2 year low.

• On Friday, Gold prices settled lower for the day and week as the yellow metal

found few catalysts to climb out of a recent downtrend.

• Copper prices too were trading soft in Friday’s trade, unable to stage a major

rebound from its lowest level in a year.

Currencies & Bonds:

• In Friday’s trade, the U.S. dollar traded with negative bias in the wake of report

of second-quarter gross domestic product which underperformed lofty

expectations, but underscored a buoyant economy.

• USD/INR was seen consolidating in Friday’s trade. Key interweek support seen

at 68.45. Hurdles now seen at 69.11. Intraday Strategy: Sell between 68.81-

68.87 zone, targeting 68.45 zone with stop ABOVE 69.21.

Macro Watch:

• The U.S economy saw fastest pace of growth in almost four years after

consumers and government spending powered the economy to a 4.1% rate of

gross domestic product growth in the second quarter.

President Donald Trump responded to the data as “amazing” and “very

sustainable.”

The big question at investors’ top of mind now is: Whether the Federal Reserve

continue with its plans for rate increases.

• All anxious eyes will also be on the progress on monsoon. The street will also keep a

close eye on the movement of Indian Rupee and the Crude-Oil prices as that could

influence investors’ sentiment.

VGUARD

Action

Target

Support

Resistance

Holding Period

213.7

BUY

227.5

202.50/195

227.50/255

21 Days.

In Friday’s trade, VGUARD was seen attempting a

major rebound, up 3.56%.

Technically, VGUARD is attempting a rebound on

daily charts and signaling a major breakout on the

weekly charts.

The stock is still in consolidation mode and the

momentum oscillators will shift on buy mode on

any move above 255 and such up move needs to

be backed by increases in volumes.

Key support to watch in near term is at 202.50

zone. Medium term supports seen at 195 zone.

Interweek perspective: Establish long

positions on declines to 207-211 zone, targeting

227.50 zone and then at 245-251 zone with strict

stop at 197.




• The Monsoon session of Parliament began from July 18 and will end on August 10th 2018. The Agenda includes 11 legislative bills

currently pending in parliament for consideration and passing. Nine new bills are also proposed to be introduced.

IPO Watch:

• The Rs 2,800-crore initial public offer of HDFC Asset Management Company received overwhelming response as the issue was

subscribed 83 times.

Stocks To Watch:

• Our chart of the day which suggests establishing long positions in stocks like INDUSIND BANK, BHARAT FINANCIAL and

APOLLO TYRES with intermonth perspective.

• Bullish stocks: BHARAT FINANCIAL, APOLLO TYRES, EXIDE, BALKRISHNA INDUSTRIES, UPL, TATA ELXSI, BAJAJ FINANCE,

RAYMONDS, INDUSIND BANK.

• Bearish stocks: MINDTREE, HEXAWARE.

• ICICI Bank reported a surprise first-quarter net loss on Friday on higher provisions for bad loans and treasury losses. The bank made

a net loss of Rs. 120 crore ($17.47 million) in the three months to June 30, compared with a profit of Rs. 2,049 crore a year earlier.

• Biocon’s Q1 profit zooms 47.2 percent to Rs 119.7 crore versus Rs 81.3 crore; revenue increases 21.2 percent to Rs 1,123.8 crore

versus Rs 927.4 crore (YoY).

• Show Me the Money: Buy BHARAT FINANCIAL (CMP 1205.75): BHARAT FINANCIAL was seen inching up in Friday's trade, up

1.27%. The sequence of higher high/low still intact on weekly and monthly charts. Interweek Strategy: Buy at CMP, targeting

1227.50 and then more aggressive targets located at 1291-1305 zone. Stop below 1161.

Q1 TO TRICKLE IN:

• Monday: AXIS BANK, CANFIN HOMES, CENTURY TEXTILE, CHENNAI PETRO, DMART, ESCORTS, GODREJ CONSUMER, GSPL, GUJ

GAS, HDFC, IDEA, IDFC, IDFC BANNK, INDIGO, JP ASSOCIATE, SRI PIPES, TECH MAHINDRA, RITIES, SHREE CEMENT, SOLAR

INDUSTRIES, TECH MAHINDRA, TEX RAIL.

• Tuesday: AJANTPHARM, ANKINDIA, BASF, BEL, CASTROL, BLUE DART, DABUR, DCMSHRIRAM, GSFC, IGPL, MAITHANALL, MGL,

RAYMOND, UPL, VEDL, VGUARD.

• Wednesday: APOLLO TYRES, BALLARPUR, EXIDE, FDC, GDL, HEG, PIDILITIND, RELINFRA, TATAGLOBAL, V2RETAIL, ZUARI.

• Thursday: AKZOINDIA, CAPF, GODREJ PROP, IBULHSGFIN, MANPASAND, MARICO, ONGC, RAMCOIND, TCI.

• Friday: BERGEPAINT, BHARATGEAR, GUJALKALI, ENIL, ICIL, KEC, NESTLEIND NILKAMAL, SAIL, VIP INDUSTRIES.

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

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

According to momentum analysis, the bulls are in total charge —

It’s most likely that Nifty will trade above the magical 11,301 mark.

Preferred trade on Nifty: Nifty (11278): Buy between 11221-

11245 zone, targeting 11311 and then at 11391-11501 zone with

stop at 10991.

Preferred trade on Bank Nifty: Bank Nifty (27634): Establish

long positions between 27275-27351 zone, targeting 27750 zone

and then at 27901-28001 zone with strict stop at 26951.

Daily Chart of Nifty:



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


Momentum osillators continue to signal strength. Apollo Tyres is aiming to close above its all-time-high at 307 mark. Interweek Strategy: Buy between 281-283 zone, targeting 292.50 zone and then more aggressive targets located at 303-311 zone. Stop below 265.

Balkrishna Industries is signaling a major breakout from a a probable 'flag pattern' on monthly charts. Key support seen at 1157 zone. Key hurdles seen at 1245. Interweek Strategy: Buy at CMP, targeting 1245 and then at 1325-1351 zone. Stop below 1141.

The sequence of higher high/low still intact on daily, weekly and monthly charts. The interweek risk is on the upside with immediate targets at 275. Interweek Strategy: Buy between 267.50-269 zone, targeting 279 and then at 283-287.50 zone with stop below 263.45.

BHARAT FINANCIAL was seen inching up in Friday's trade, up 1.27%. The sequence of higher high/low still intact on weekly and monthly charts. Interweek Strategy: Buy at CMP, targeting 1227.50 and then more aggressive targets located at 1291-1305 zone. Stop below 1161.

Positive bias for FEDERAL BANK as long as 85.45 support is held. Interweek Strategy: Buy between 86.50-88 zone, targeting 93 and then more aggressive targets located at 97-101 zone. Stop below 84.45

BHARAT FINANCIAL stock price could top 1301 before August series.

APOLLO TYRES

BALKRISHNA INDUSTRIES

EXIDE INDUSTRIES

BHARAT FINANCIAL

FEDERAL BANK

290.4 277.05 265 295 311 Positive

1187 1157 1110 1245 1351 Positive

273.5 267.5 257.5 279 287.5 Positive

1205.75 1183 1161 1225 1301 Positive

90.8 85.45 81.5 93 101 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 bull market is alive, kicking and into uncharted territory! Well, Friday was another great day at Dalal Street, with the benchmark Sensex breaking above

the 37,000 level, to close the day at 37,337 after adding 352 points. Nifty gained 111 points and

closed the day at 11,278 while Bank Nifty gained 228 points, to close at 27634. All the three indices ended at their life time closing highs! The market breadth, indicating the

overall health of the market, was strong. The BSE Mid-Cap index rose 0.95%. The BSE Small-

Cap index rose 0.88%. ITC, Reliance Industries & ICICI Bank were the star performers. The rally was backed by signs that till date, the corporate profits are on the rise, if not strong.

The street is also quite optimistic that the global economy remains in the growth path. Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE FMCG Index (up

2.04%), BSE Consumer Durables Index (up 2.03%), BSE Metal Index (up 1.89%)

Amongst the sectoral indices, underperforming the Sensex/Nifty were BSE IT Index (down

0.02%), BSE Teck Index (up 0.08%).

Amongst stock specific action, positive bias was seen in stocks like ITC (up 5.01%), IOC

(4.12%), Tata Motors (up 3.89%)

Among stocks drifting down were: Dr. Reddy (down 2.36%), Bajaj Finserv (down 1.57%),

Adani Ports (down 1.08%).

Maximum Call Open Interest (OI) stands at 11500 Strike Price, followed by 11400 Strike Price

for August Series. Call buying continued at strike prices 11100-11600 for August expiry.

Maximum Put Open Interest (OI) was seen at strike price 11000 followed by 10,500 strike price

for August series. Put writing was the theme at 10500-11400 strike prices for August series. As per Friday’s provisional data available on the NSE, Foreign institutional investors (FIIs)

bought shares worth Rs. 738.05 crores. Domestic institutional investors too, bought shares

worth Rs. 406.12 crores in the Indian equity market.

Highest OI Nifty: Calls 11500: 27.58 L - Puts 11000: 38.54 L

Highest OI Bank Nifty: Calls 27500: 6.03 L - Puts 26000: 6.52 L

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

Long Buildup: HINDALCO, RELIANCE, ITC, IOC, BALRAMCHIN.

Short Buildup: HUL, TCS, CHOLAFIN, MCX.

Short Covering: BPCL, TECHM, ADANIENT, JINDALSTL, ICICI BANK.

Long Unwinding: DHFL, NESTLE, TV18BRDCST.

Stocks banned in F&O segment for today: NIL

New In Ban: NIL.

Out of Ban: ADANI ENT.

Future Call: BUY VEDANTA AUGUST FUTURES at CMP 221.55.

Targets: 229.50 and then at 240. Stop: 213. Holding Period: 0-3

days. Analyst’s Remark: Momentum Play. (VEDANTA August Futures

CMP 221.55).

Option Call: SELL RELIANCE INDUSTRIES (RIL) AUGUST PE strike

price 1060 at CMP 9.35. Maximum Profit: Rs. 9350. Loss: Unlimited.

Stop: Exit Put option if Reliance Closes below 1110. (RELIANCE

INDUSTRIES August Futures CMP 1135.50).

11278.35 (+0.99%)

27634.40 (+0.83%)

12.31 (+2.35%)

+31 vs +43

2.27 crores (+9.48%)

25.34 lakhs (+10.63%)

3214.85 3553.76

33484.76 43977.3

415201 1781228

159447 14982

861774 59104

2961410 295946

598578 45169

4581209 415201

Callsin lakhs (%Change)

11400 17.56 (+50%)

11300 16.15 (+23%)

11500 27.58 (+15%)

Putsin lakhs (% Change)

11200 21.61 (+92%)

11000 38.54 (+19%)

11100 21.18 (+37%)

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 11278.35 11231.27 11184.18 11304.42 11330.48 11257.33 10537.54 UP

BANKNIFTY 27634.4 27505.92 27377.43 27711.97 27789.54 27583.48 25666.61 UP

NIFTYMID50 4983.1 4956.83 4930.57 5006.38 5029.67 4980.12 5147.59 DOWN

ACC 1535 1515.43 1495.87 1553.28 1571.57 1533.72 1583.09 DOWN

ADANIENT 195.9 188.68 181.47 204.93 213.97 197.72 153.72 UP

ADANIPORTS 394.65 389.72 384.78 401.02 407.38 396.08 395.58 DOWN

AJANTPHARM 1095.3 1056.03 1016.77 1123.53 1151.77 1084.27 1263.6 DOWN

ALBK 45.15 44.4 43.65 46.1 47.05 45.35 57.75 DOWN

AMARAJABAT 792.35 783.6 774.85 801.5 810.65 792.75 794.09 DOWN

ANDHRABANK 33.3 32.57 31.83 34.07 34.83 33.33 47.21 DOWN

APOLLOTYRE 290.4 284.67 278.93 294.92 299.43 289.18 265.51 UP

ARVIND 426.15 419.97 413.78 433.62 441.08 427.43 414.5 UP

ASHOKLEY 112.85 111.53 110.22 113.83 114.82 112.52 133.43 DOWN

ASIANPAINT 1434.85 1422.13 1409.42 1450.78 1466.72 1438.07 1200 UP

AUROPHARMA 591.05 582.7 574.35 598.85 606.65 590.5 636.98 DOWN

AXISBANK 553.25 542 530.75 559.75 566.25 548.5 535.62 UP

BAJAJ-AUTO 2686.75 2645.5 2604.25 2712.5 2738.25 2671.25 3036.21 DOWN

BAJAJFINSV 6927.2 6847.17 6767.13 7053.62 7180.03 6973.58 5404.42 UP

BAJFINANCE 2713.7 2679 2644.3 2736.45 2759.2 2701.75 1907.97 UP

BALKRISIND 1187.3 1165.83 1144.37 1222.73 1258.17 1201.27 1114.86 UP

BALRAMCHIN 70.75 68.43 66.12 72.18 73.62 69.87 106.97 DOWN

BANKBARODA 137.85 135.2 132.55 140.7 143.55 138.05 147.94 DOWN

BANKINDIA 97.8 95.85 93.9 99.6 101.4 97.65 132.34 DOWN

BATAINDIA 916.3 908.77 901.23 927.67 939.03 920.13 764.89 UP

BEL 102.5 100.88 99.27 103.63 104.77 102.02 149.32 DOWN

BEML 820.6 800.07 779.53 833.07 845.53 812.53 1256.22 DOWN

BERGEPAINT 318.9 315.87 312.83 322.87 326.83 319.83 267.31 UP

BHARATFIN 1205.75 1188.75 1171.75 1218.2 1230.65 1201.2 1073.92 UP

BHARATFORG 630.75 623.28 615.82 639.08 647.42 631.62 697.93 DOWN

BHARTIARTL 364.7 352.93 341.17 375.18 385.67 363.42 433.4 DOWN

BHEL 71.15 70.4 69.65 72 72.85 71.25 86.47 DOWN

BIOCON 586.2 565.32 544.43 610.77 635.33 589.88 561.24 UP

BPCL 397.2 387.83 378.47 402.78 408.37 393.42 449.68 DOWN

BRITANNIA 6385.2 6336.8 6288.4 6466.8 6548.4 6418.4 5183.54 UP

CANBK 279.25 274.47 269.68 283.27 287.28 278.48 305.72 DOWN

CANFINHOME 369.15 358.65 348.15 375.8 382.45 365.3 443.22 DOWN

CAPF 532.25 520.57 508.88 540.22 548.18 528.53 649.63 DOWN

CASTROLIND 174.2 167.77 161.33 177.97 181.73 171.53 188.7 DOWN

CEATLTD 1391.85 1361.28 1330.72 1416.13 1440.42 1385.57 1596.18 DOWN

CENTURYTEX 941.95 922.03 902.12 960.83 979.72 940.92 1186.88 DOWN

CESC 951.7 922.63 893.57 969.13 986.57 940.07 1006.93 DOWN

CGPOWER 63.3 61.63 59.97 65.08 66.87 63.42 78.49 DOWN

CHOLAFIN 1463.35 1411 1358.65 1551.35 1639.35 1499 1417.28 UP

CIPLA 636.2 627.43 618.67 643.43 650.67 634.67 593.2 UP

COALINDIA 262.15 258.9 255.65 266.15 270.15 262.9 281.37 DOWN

COLPAL 1102.5 1078.13 1053.77 1116.28 1130.07 1091.92 1107.49 DOWN

CONCOR 650.45 639.38 628.32 663.73 677.02 652.67 663.47 DOWN

CUMMINSIND 679.6 667.98 656.37 693.28 706.97 681.67 794.61 DOWN

DABUR 386 377.67 369.33 391.07 396.13 382.73 352.68 UP

DALMIABHA 2711.7 2616.8 2521.9 2792.8 2873.9 2697.9 2824.82 DOWN

DCBBANK 166.7 163.9 161.1 170 173.3 167.2 179.52 DOWN

DHFL 615.6 607.83 600.07 627.08 638.57 619.32 590.97 UP

DISHTV 67.1 66.37 65.63 67.92 68.73 67.18 74.62 DOWN

DIVISLAB 1103 1084.48 1065.97 1114.13 1125.27 1095.62 1064.48 UP

DLF 190.5 187.67 184.83 193.92 197.33 191.08 215.28 DOWN

DRREDDY 2083.2 2055.4 2027.6 2123 2162.8 2095.2 2224.43 DOWN

EICHERMOT 28946.2 28498.17 28050.13 29197.12 29448.03 28749.08 29286.96 DOWN

ENGINERSIN 133.05 131.78 130.52 134.68 136.32 133.42 161.61 DOWN

EQUITAS 138.85 135 131.15 145.05 151.25 141.2 147.87 DOWN

ESCORTS 921.5 898.43 875.37 934.48 947.47 911.42 833.06 UP

EXIDEIND 273.5 270.8 268.1 276.1 278.7 273.4 229.39 UP

FEDERALBNK 90.8 88.45 86.1 92.95 95.1 90.6 98.52 DOWN

FORTIS 136.6 135.3 134 138.7 140.8 137.4 144.66 DOWN

GAIL 378.5 371.63 364.77 382.58 386.67 375.72 345.32 UP

GLENMARK 572.75 566.37 559.98 579.32 585.88 572.93 568.84 UP

GMRINFRA 18 17.78 17.57 18.28 18.57 18.07 18.44 DOWN

GODREJCP 1308.4 1280.88 1253.37 1343.43 1378.47 1315.92 1074.25 UP

GODREJIND 637.6 616.92 596.23 654.27 670.93 633.58 583.43 UP

GRANULES 101.15 98.53 95.92 104.33 107.52 101.72 112.65 DOWN

GRASIM 1025.45 1006.97 988.48 1036.97 1048.48 1018.48 1108.21 DOWN

GSFC 111.4 109.07 106.73 113.27 115.13 110.93 130.56 DOWN

HAVELLS 625.05 614.37 603.68 632.37 639.68 621.68 533.63 UP

HCC 11.55 10.98 10.42 11.98 12.42 11.42 27.97 DOWN

HCLTECH 963.45 952.73 942.02 971.93 980.42 961.22 928.56 UP

HDFC 2047.25 2030.35 2013.45 2057.05 2066.85 2040.15 1815.33 UP

HDFCBANK 2202.15 2187.25 2172.35 2214.5 2226.85 2199.6 1936.86 UP

HEROMOTOCO 3203.95 3144.53 3085.12 3250.88 3297.82 3191.47 3616.48 DOWN

HEXAWARE 458.1 450.92 443.73 464.37 470.63 457.18 382.3 UP

HINDALCO 213.4 210 206.6 218.8 224.2 215.4 242.41 DOWN

HINDPETRO 283.6 277.42 271.23 287.57 291.53 281.38 364.67 DOWN

HINDUNILVR 1659 1642.03 1625.07 1675.38 1691.77 1658.42 1416.67 UP

HINDZINC 273.85 270.4 266.95 276.8 279.75 273.35 303.53 DOWN

IBREALEST 155.1 152.93 150.77 157.88 160.67 155.72 200.11 DOWN

IBULHSGFIN 1315.85 1293.22 1270.58 1336.32 1356.78 1313.68 1234.41 UP

ICICIBANK 293.2 285.22 277.23 298.17 303.13 290.18 300.08 DOWN

ICICIPRULI 411.75 406.35 400.95 416.85 421.95 411.45 397.38 UP

ICIL 81.2 79.77 78.33 83.27 85.33 81.83 98.2 DOWN

IDBI 60.1 58.52 56.93 61.47 62.83 59.88 63.2 DOWN

IDEA 56.35 54.58 52.82 59.53 62.72 57.77 79.35 DOWN

IDFC 47.8 45.98 44.17 49.13 50.47 47.32 54.81 DOWN

IDFCBANK 39.3 38.45 37.6 39.95 40.6 39.1 49.83 DOWN

IFCI 16.35 16.1 15.85 16.7 17.05 16.45 21.89 DOWN

IGL 295.3 291.98 288.67 300.23 305.17 296.92 294.81 UP

INDIACEM 118.85 113.23 107.62 122.73 126.62 117.12 152.12 DOWN

INDIANB 353.35 348.55 343.75 357.3 361.25 352.5 341.16 UP

INDIGO 1009.1 999.77 990.43 1019.72 1030.33 1010.38 1217.41 DOWN

INDUSINDBK 1981.55 1961.97 1942.38 1994.97 2008.38 1975.38 1775.54 UP

INFIBEAM 183.3 175.8 168.3 189.4 195.5 181.9 158.18 UP

INFRATEL 289.45 285.43 281.42 292.13 294.82 288.12 346.41 DOWN

INFY 1373.45 1364.83 1356.22 1385.53 1397.62 1376.92 1128.67 UP

IOC 165.4 161.27 157.13 167.87 170.33 163.73 183.12 DOWN

IRB 202.35 199.43 196.52 206.78 211.22 203.87 230.02 DOWN

ITC 302.55 295.98 289.42 308.13 313.72 301.57 267.96 UP

JETAIRWAYS 312.95 308 303.05 317.9 322.85 312.95 593.89 DOWN

JINDALSTEL 203.7 198.2 192.7 207.1 210.5 201.6 219.36 DOWN

JISLJALEQS 82.25 80.78 79.32 83.23 84.22 81.77 108.88 DOWN

JPASSOCIAT 15 14.67 14.33 15.32 15.63 14.98 18.24 DOWN

JSWENERGY 66.75 64.28 61.82 69.03 71.32 66.57 78.93 DOWN

JSWSTEEL 323.25 316.13 309.02 328.23 333.22 321.12 295.12 UP

JUBLFOOD 1415.15 1386.77 1358.38 1432.27 1449.38 1403.88 1090.52 UP

JUSTDIAL 573.75 565.2 556.65 581.15 588.55 572.6 498.24 UP

KOTAKBANK 1311.1 1302.17 1293.23 1323.52 1335.93 1314.58 1138.77 UP

KPIT 298.1 288.43 278.77 304.58 311.07 294.92 218.17 UP

KSCL 607.6 597.4 587.2 617.4 627.2 607.2 527.34 UP

KTKBANK 116.25 115.53 114.82 117.28 118.32 116.57 134.33 DOWN

L&TFH 176.95 174.2 171.45 180.2 183.45 177.45 171.19 UP

LICHSGFIN 536.65 530.23 523.82 540.53 544.42 534.12 540.31 DOWN

LT 1311.45 1301.47 1291.48 1320.47 1329.48 1310.48 1296.03 UP

LUPIN 815.25 808.6 801.95 823.8 832.35 817.15 847.99 DOWN

M&M 909.85 903.13 896.42 916.23 922.62 909.52 786.18 UP

M&MFIN 516.5 505.02 493.53 527.42 538.33 515.93 463.51 UP

MANAPPURAM 104.05 103.1 102.15 105.05 106.05 104.1 108.67 DOWN

MARICO 361.15 355.45 349.75 370.8 380.45 365.1 319.6 UP

MARUTI 9310.4 9252.87 9195.33 9405.07 9499.73 9347.53 8889.59 UP

MCDOWELL-N 595.15 582.37 569.58 605.72 616.28 592.93 650.91 DOWN

MCX 829.3 819.7 810.1 841.4 853.5 831.8 844.12 DOWN

MGL 891.85 877.8 863.75 913.1 934.35 899.05 989.99 DOWN

MOTHERSUMI 318.7 312.3 305.9 322.95 327.2 316.55 339.04 DOWN

MRF 80860.45 79302.48 77744.52 81715.98 82571.52 80158.02 72025.92 UP

MRPL 80.8 79.17 77.53 82.12 83.43 80.48 112.18 DOWN

MUTHOOTFIN 412.4 398.13 383.87 420.73 429.07 406.47 426.52 DOWN

NATIONALUM 62.5 61.6 60.7 63.3 64.1 62.4 74.91 DOWN

NBCC 70.2 67.47 64.73 72.02 73.83 69.28 105.65 DOWN

NCC 93.9 92.43 90.97 94.98 96.07 93.52 115.38 DOWN

NMDC 103.8 102.37 100.93 104.87 105.93 103.43 124.06 DOWN

NTPC 154.95 152.95 150.95 156.1 157.25 154.1 169.37 DOWN

OFSS 3914.8 3861.63 3808.47 3958.33 4001.87 3905.17 3924.62 DOWN

OIL 211.7 207.85 204 214.75 217.8 210.9 230.06 DOWN

ONGC 161.3 160.03 158.77 162.68 164.07 161.42 180.23 DOWN

ORIENTBANK 76.1 74.18 72.27 77.43 78.77 75.52 102.6 DOWN

PCJEWELLER 84.35 82.48 80.62 86.73 89.12 84.87 310.28 DOWN

PEL 2653.6 2616.33 2579.07 2707.93 2762.27 2670.67 2611.63 UP

PETRONET 231.7 224.63 217.57 237.38 243.07 230.32 237.01 DOWN

PFC 84.25 80.87 77.48 86.07 87.88 82.68 101.77 DOWN

PIDILITIND 1128.2 1115.7 1103.2 1135.9 1143.6 1123.4 951.35 UP

PNB 82 80.42 78.83 84.02 86.03 82.43 126.78 DOWN

POWERGRID 179.9 177.13 174.37 183.73 187.57 180.97 199.62 DOWN

PTC 79.45 77.5 75.55 80.9 82.35 78.95 99.29 DOWN

PVR 1115.3 1103.53 1091.77 1128.88 1142.47 1117.12 1353.39 DOWN

RAMCOCEM 722.3 707.07 691.83 736.27 750.23 721.03 745.51 DOWN

RAYMOND 852.95 837.35 821.75 863.2 873.45 847.6 977.15 DOWN

RBLBANK 570.05 565.7 561.35 573.7 577.35 569.35 515.5 UP

RCOM 14 13.73 13.47 14.28 14.57 14.02 19.35 DOWN

RECLTD 110.7 106.2 101.7 113.7 116.7 109.2 136.06 DOWN

RELCAPITAL 423.2 404.85 386.5 433.8 444.4 415.45 455.37 DOWN

RELIANCE 1129.85 1115.53 1101.22 1140.78 1151.72 1126.47 946.17 UP

RELINFRA 407.9 399.75 391.6 415 422.1 406.85 451.53 DOWN

REPCOHOME 618.5 609.67 600.83 630.67 642.83 621.83 604.84 UP

RPOWER 32.85 32.25 31.65 33.45 34.05 32.85 39.44 DOWN

SAIL 75.4 74.18 72.97 76.33 77.27 75.12 79.74 DOWN

SBIN 286.75 282.23 277.72 294.13 301.52 289.62 279.93 UP

SHREECEM 17087.45 16859.92 16632.38 17457.07 17826.68 17229.53 17178.75 DOWN

SIEMENS 984.2 967.3 950.4 996.55 1008.9 979.65 1136.38 DOWN

SOUTHBANK 18.1 17.78 17.47 18.38 18.67 18.07 27.28 DOWN

SREINFRA 55 53.52 52.03 56.07 57.13 54.58 86.86 DOWN

SRF 1684.15 1634.43 1584.72 1729.43 1774.72 1679.72 1877.88 DOWN

SRTRANSFIN 1414.75 1397.3 1379.85 1438.1 1461.45 1420.65 1381.51 UP

STAR 359.6 352.07 344.53 366.07 372.53 358.53 649.94 DOWN

SUNPHARMA 557.05 553.2 549.35 560.95 564.85 557.1 535.82 UP

SUNTV 773.85 765.57 757.28 779.62 785.38 771.33 896.73 DOWN

SYNDIBANK 43.8 43.03 42.27 44.63 45.47 43.87 63.72 DOWN

TATACHEM 679.45 673.05 666.65 686.7 693.95 680.3 719.64 DOWN

TATACOMM 568.45 562.72 556.98 577.87 587.28 572.13 640.93 DOWN

TATAELXSI 1451.35 1436.57 1421.78 1468.77 1486.18 1453.98 1078.71 UP

TATAGLOBAL 242.25 239.62 236.98 244.42 246.58 241.78 270.15 DOWN

TATAMOTORS 268.15 261.23 254.32 272.38 276.62 265.47 360.46 DOWN

TATAMTRDVR 149.2 144.47 139.73 152.42 155.63 147.68 205.45 DOWN

TATAPOWER 71.85 70.97 70.08 72.62 73.38 71.73 83.94 DOWN

TATASTEEL 550.2 539.82 529.43 557.07 563.93 546.68 630.05 DOWN

TCS 1943.75 1934.48 1925.22 1958.83 1973.92 1949.57 1551.22 UP

TECHM 645.1 629.28 613.47 655.28 665.47 639.47 594.59 UP

TITAN 884.1 859.37 834.63 901.67 919.23 876.93 850.41 UP

TV18BRDCST 47.95 46.68 45.42 49.68 51.42 48.42 55.9 DOWN

TVSMOTOR 525.3 521.78 518.27 530.03 534.77 526.52 659.39 DOWN

UBL 1117 1099.57 1082.13 1129.62 1142.23 1112.18 1091 UP

UJJIVAN 390.05 386.6 383.15 394.5 398.95 391.05 378.52 UP

ULTRACEMCO 4124.65 4086.58 4048.52 4176.33 4228.02 4138.27 4087.22 UP

UNIONBANK 85.05 83.52 81.98 86.92 88.78 85.38 117.05 DOWN

VEDL 219.75 217.2 214.65 221.65 223.55 219.1 292.1 DOWN

VGUARD 213.7 208.17 202.63 218.07 222.43 212.53 223.42 DOWN

VOLTAS 574.2 563.57 552.93 584.67 595.13 574.03 591.41 DOWN

WIPRO 274.5 272.5 270.5 276 277.5 274 287.16 DOWN

WOCKPHARMA 577.9 572.93 567.97 582.98 588.07 578.02 738.62 DOWN

YESBANK 370 363.3 356.6 375.8 381.6 369.1 330.77 UP

ZEEL 518.65 514.45 510.25 524.65 530.65 520.45 563.55 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



In Friday's trade, MCX Gold was seen trading sideways. Bias continues to be neutral. Confirmation of strength above 30101. Interweek Strategy: Establish long positions only above 30101, targeting 30501 and then at 30700-30711 zone. Stop 29411.

Silver prices too were seen trading rangebound. Major buying advised only above 39953. Interweek Strategy: Establish long positions only above 38721, targeting 39251-39451 zone and then at 39953 mark. Stop 37201.

Bias on crude-oil continues to be neutral/positive. Key support seen at 4501. Confirmation of strength above 4951. Interweek strategy: Buy at CMP, targeting 4925-4951 zone and then 5100-5175 zone with stop at 4501.

Copper prices were seen trading rangebound in Friday's trade. Support now seen at 409. Confirmation of strength only above 441. Interweek strategy: Establish long positions on any weakness between 419-422 zone, targeting 441 and then at 449-455 zone with stop at 405.

Natural Gas prices were seen inching up in Friday's trade with positive bias. Key supports now at 185. Interweek strategy: Establish long positions at CMP, targeting 201 and then aggressive targets at 217-223 zone with stop at 183.

USD/INR was seen consolidating in Friday's trade. Key interweek support seen at 68.45. Hurdles now seen at 69.11. Intraday Strategy: Sell between 68.81-68.87 zone, targeting 68.45 zone with stop ABOVE 69.21.

29767 29551 28751 30101 30711 Neutral

38320 37951 37201 39451 40201 Neutral

4710 4501 4295 4951 5175 Positive

426 409 393 441 461 Neutral

192.70 185.00 179.00 201.00 225.00 Neutral

68.66 68.45 67.75 69.11 70.05 Neutral

Natural Gas: Establish long positions at CMP, targeting 201 and then aggressive targets at 217-223 zone with stop at 183.

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



At Wall Street, Nasdaq tumbles as FAANG stocks take a beating.

Gold prices traded range bound in Friday's trade amidst a rangebound US Dollar. Hurdles now seen at 1245. Confirmation of strength only above 1261. Support seen at 1201-1205 zone.

Silver prices were seen inching up in Friday's trade, tracking rebound in gold prices. Confirmation of strength only above 16.21. At the moment downside risk remains at 15.05.

Crude-Oil prices were seen consolidating in Friday's trade. Major hurdles now seen at 71.50 zone. Interweek strategy: Buy between 68.50-69 zone, targeting 70.05 zone and then at 71.50 zone with stop at 67.05.

The EUR/USD was seen trading sideways in Friday's trade. Technically, the bias continues to be neutral with key support to watch on EUR/USD at 1.1505. Hurdles seen at 1.1901.

The U.S. dollar was seen trading rangebound in Friday's trade. Technically, bias now shifts to neutral. Hurdles at 97.50. Downside well supported at 92.50. Major weakness now only below 92.50.

Wall Street ends lower on Friday following disappointing results from Twitter Inc, Exxon and Intel. Also, the gross domestic product data showed that economic growth remains relatively strong but came in a shade below lofty expectations. Bias shifts to negative.

1233 1221 1201 1245 1261 Neutral

15.51 15.05 14.21 16.21 17.09 Neutral

69.04 67.45 65 70.05 71.5 Positive

1.1656 1.1505 1.4445 1.1901 1.2205 Neutral

94.67 92.50 89.25 97.50 99.00 Neutral

25451 23405 22501 26125 27001 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

141.15 140.45 139.75 141.8 142.45 141.1 142.78 DOWN

1147.9 1136.53 1125.17 1162.73 1177.57 1151.37 1027.8 DOWN

4516 4484.67 4453.33 4535.67 4555.33 4504.33 4231.43 UP

4112 4065 4018 4185 4258 4138 4015.9 UP

428.9 426.5 424.1 432.15 435.4 429.75 450.28 UP

22380 22273.33 22166.67 22443.33 22506.67 22336.67 20446.85 DOWN

4800 4756.67 4713.33 4827.67 4855.33 4784.33 4182.83 UP

29788 29738 29688 29871 29954 29821 30172.86 UP

8891 8830.33 8769.67 8971.33 9051.67 8910.67 8622.13 DOWN

4165.5 4146.33 4127.17 4189.33 4213.17 4170.17 3979.42 UP

19600 19518.33 19436.67 19688.33 19776.67 19606.67 17697.27 UP

147.95 146.95 145.95 148.65 149.35 147.65 160.31 UP

1559.8 1547.2 1534.6 1573.7 1587.6 1561.1 1441.46 DOWN

191 190.07 189.13 192.07 193.13 191.13 188.02 UP

942 933.8 925.6 946.8 951.6 938.6 877.36 UP

4161 4144.33 4127.67 4174.33 4187.67 4157.67 3987.42 UP

38275 38154 38033 38498 38721 38377 39067.32 UP

2709 2709 2709 2709 2709 2709 3619.22 DOWN

3370 3357.33 3344.67 3381.33 3392.67 3368.67 3408.73 DOWN

179.85 178.55 177.25 181.05 182.25 179.75 209.34 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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