Comfort Securities Limited Daily Research Reports (Daily... · November 7-8 on account of Diwali,...

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Welcome Note

Monday05th November, 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 Monday's trading action at Dalal Street, dated 5th of

November 2018.

The big question of the day: Will the mood at Dalal Street be cheerful ahead of

Diwali?

Well, this Monday morning, SGX Nifty is indicating a muted open, and most importantly

may erase some of last week's gains that saw the benchmark Nifty surging above the

psychological 10,500 mark.

Now, before we get into detail, let's see what caught our eye in last 36 hours:

1. Friday's stronger-than expected U.S jobs report reaffirms the consensus that the

Federal Reserve will again raise interest rates soon.

2. All eyes will be on the interest rate decision by the Federal Open Markets Committee

(9th November 2018).

3. Confusion crops up again over prospects for a near-term resolution to the prolonged

U.S.-China trade spat.

4. US mid-term elections (6th November 2018).

5. Trend in Oil prices on backdrop of US sanctions on Iran which came into effect from

Sunday, November 4. Crude prices are seen trading sluggish, but Iran sanctions still

a big worry.

6. Today, all eyes will be on SBI's Q2

7. On Friday, the Indian Rupee clocked its biggest single-day gain in over five years,

surging by 100 paise.

8. The upcoming assembly elections in five states- Madhya Pradesh, Rajasthan,

Chhattisgarh, Mizoram and Telangana.

Our call of the day suggests investors would be wise to get defensive for the day amidst

blurry outlook. We suspect, markets across globe will remain volatile until concrete

progress is made in U.S.-China trade relations.

Nifty faces major hurdles at its 200-DMA at 10,707 zone.

Outlook for Monday: Consolidation day likely.

After a muted open, we suspect stock specific action likely to command investors'

attention. Trading is likely to be light as trading at stock exchanges will not take place on

November 7-8 on account of Diwali, other than the brief traditional Muhurat Trading on

Diwali day.

STOCKS TO WATCH:

• Our chart of the day suggests Reliance Industries, Dalmia Bharat and Adani Ports

appear attractive on any early morning declines with 2-3 days perspective.

• Bullish stocks: RELIANCE INDUSTRIES, BAJAJ FINSERV, SRF, HAVELLS

• Bearish stocks: BHARTI AIRTEL, DR REDDYS LAB, TATA GLOBAL, JET AIRWAYS,

BAJAJ AUTO, RCOM, BHEL.

• Show Me the Money: Buy RELIANCE INDUSTRIES (1075): Momentum osillators

attempting to shift on buy mode. Confirmation of strength above 1137.50.

Interweek Strategy: Buy between 1041-1055 zone, targeting 1101 and then more

aggressive targets located at 1125-1137.50 zone. Stop below 1019.

10553 1.66%

25702 1.49%

9180 4.15%

28837 1.70%

3060 1.94%

14397 -1.54%

2476 -0.66%

4782 0.05%

3439 3.02%

9548 -0.64%

221 0.20%

6243 1.31%

35012 1.68%

10562 -0.35%

Consolidation day likely.

Neutral (10447-10601)

Neutral (9750-10811)

Neutral (11501)

10367 & 10229

10619 & 10707

10100



Technical Strategy


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

• Focus will be on Q2 earning. The prominent firms announcing Q2 are:

• Monday: CIPLA, INOZ WIND, PNB HOUSING FINANCE, MAJESCO, GAIL,

POWERGRID, MINDA INDUSTRIES, BOSCHSBI, EXIDE INDUSTRIES, IGL.

• Tuesday: ADITYA BIRLA CAPITAL, DR. LAL PATH LABS, SANGHI INDUSTRIES,

GRAPHITE INDIA, MANAPURAM FINANCE, JK INDUSTRIES, VOLTAS, NOIDA

TOLL BRIDGE, CAMLIN FIBNE SCIENCE.

• Thursday: MRF, PRICOL, HARITA SEATING, MRF, ABAN OFFSHORE.

• Friday: TITAN, AMARA RAJA BATTERY, INDIAN BANK, FACT, THE INDIAN

CEMENTS, SOBHA DEVELOPER, EID PARRY, VST TILLERS.

GLOBAL CUES:

• Wall Street ended lower on Friday amidst confusion over prospects for a near-term

resolution to the prolonged U.S.-China trade spat. Share price of Apple Inc. were

biggest drag falling 6.6% after the tech giant posted results that were better than

expected but disappointed on its outlook.

FII/DII & OPTIONS DATA:

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

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

worth Rs. 852.99 crores in the Indian Equity market.

• As per option data, key resistance level for the November series for Nifty are at

10,700 strike price as maximum call open interest of 24.67 lakh contracts were seen

at the 10,700 strike price. Key support level for the November series is at 10,000 as

Maximum Put open interest of 50.82 lakh contracts was seen at the 10,000 strike

price.

COMMODITY CUES:

1. Crude-Oil prices fell in Friday's trade, falling for a fourth straight weekly loss,

pressured by U.S. plans to issue waivers on Iranian oil sanctions and growing global

crude production.

Meanwhile, U.S. sanctions on Iran’s oil industry took effect on Sunday, 4th

November after President Donald Trump in May pulled the U.S. out of a 2015

international agreement to curb Iran’s nuclear program, setting the stage for the

reimposition of sanctions.

• Gold prices declined on Friday after a stronger-than-expected October jobs report,

prompted profit booking. Hurdles for Gold at 1245. Gold prices were seen inching

up in yesterday's trade. Hurdles now seen at 1245. Confirmation of major strength

only above 1245. Interweek Strategy: Buy above 1245, targeting 1261 and then at

1271-1275 zone with stop above 1207.

• Copper prices were seen flaring up in Friday's tarde. Interweek strategy: Establish

long positions between 441-445 zone, targeting 465 mark and then at 479. stop

below 437.50.

MACRO WATCH:

• The U.S economy added 2,50,000 new jobs in October. The unemployment rate

remained flat at 3.7%, while the report showed year-over-year wage gains rising to

3.1%, slightly above the consensus estimate of 3%.

The U.S trade deficit rose 1.3% in September to a seven-month high as imports hit

a record.

In Thursday’s trade, Bank Nifty enjoyed a strong

session, up 0.68%. In Friday's trade Bank Nifty

zoomed further, up 1.49%.

Technically, Bank Nifty is attempting a major

rebound on daily charts from an lower

consolidation zone.

The Index is in consolidation mode and the

momentum oscillators will shift on buy mode on

any move above 25901 and such up move needs

to be backed by increases in volumes.

Key support to watch in near term is at 25295

zone. Medium term supports seen at 24550 zone.

Buy between 25300-25401 zone, targeting

25901 zone and then aggressive targets at

26101-26251 zone with stop at 24911.

BANK NIFTY

Action

Target

Support

Resistance

Holding Period

25702

Buy on dips.

26100

25295/24550

25901/26805

3 Days.




• All eyes will be on the midterm elections in the U.S. on Nov. 6. Media reports suggests Democrats are likely to take control of the House while

Republicans are expected to hold the Senate.

• RBI is planning to buy 400 billion rupees of government bonds via open-market operations in November, that aimed at injecting liquidity into

the system.

• The upcoming assembly elections in five states: Madhya Pradesh, Rajasthan, Chhattisgarh, Mizoram and Telangana. 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.

• The Federal Reserve remains on its gradual rate-hike path.

CURRENCIES & BONDS:

• The Indian rupee Friday clocked its biggest single-day gain in over five years, surging by 100 paise. Supports for USD/INR seen at 71.75.

Intermonth strategy: Buy between 71.75-72 zone, targeting 75 and then aggressive targets at 77 with strict stop below 71.45.

What Technical Tells Us on Nifty:

The benchmark Nifty settled with modest gains in Friday's session primiraly on backdrop of weakness in crude-oil prices and strength in Indian

Rupee. The market breadth, indicating the overall health of the market, was positive. The BSE Mid-Cap index rose 0.78%. The BSE Small-Cap

index rose 0.76%.

Sensex ended a tad above the psychological 35,000 mark and Nifty ended way above the psychological 10,500 mark.

Technically speaking, key support for Nifty in near term is at 9,951 mark. The technical landscape will worsen further if Nifty closes

below the 9,951 mark as that would open the door to massive technical selling, possibly quickly towards the 9750-9801 zone.

Intraday supports on Nifty are placed at 10447. The intraday bias is positive and buying on any excessive weakness should be the preferred

strategy.

The make or break hurdles are at 10707-10,775 zone. Intraday hurdles at 10,611 mark.

The price action for Nifty is suggesting that we are likely to see an 10251 -10,711 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 (10551): Buy between 10461-10475 zone targeting 10611 zone and then aggressive targets at 10651-10751

zone with stop at 10367.

Preferred trade on Bank Nifty (25701): Buy between 25300-25401 zone, targeting 25901 zone and then aggressive targets at 26101-26251

zone with stop at 24911.

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


Oversold conditions prevail. Positive bias as long as 315 support is held. Interweek Strategy: Buy between 325-329 zone, targeting 342.50 and then at 351-357.50 zone with stop below 321.

BAJAJ FINSERV is consolidating at lower levels on daily charts. Key intraday support seen at 5327. Strength seen above 5501. Interweek Strategy: Buy between 5451-5475 zone, targeting 5619 zone and aggressive targets seen at 5745-5805 zone. Stop below 5301.

DALMIA BHARAT is is seen rebounding from oversold zone on daily charts. Key intraday support seen at 2089. Strength seen above 2471 Interweek Strategy: Buy between 2125-2145 zone, targeting 2262 and then at 2445-2471 zone. Stop below 2037.

Momentum osillators attempting to shift on buy mode. Confirmation of strength above 1137.50. Interweek Strategy: Buy between 1041-1055 zone, targeting 1101 and then more aggressive targets located at 1125-1137.50 zone. Stop below 1019.

The interweek risk is on the downside with immediate targets at 407.50 zone. Momentum oscillators signaling major weakness. Interweek Strategy: Sell between 423-427.50 zone, targeting 407.50 and then at 390-393 zone with stop above 433.45.

Positive bias on Reliance (RIL) as long as 1020 support is held. Buy on any early declines.

ADANI PORTS

BAJAJ FINSERV

DALMIA BHARAT

RELIANCE INDUSTRIES (RIL)

STRIDES ARCOLAB

333.6 323 315 342.5 357.5 Positive

5525 5327 5619 5619 5805 Positive

2178 2120 2037 2262 2471 Positive

1075 1041 1020 1101 1137.5 Positive

419.85 407.5 390 432 447 Negative



EQUITY DERIVATIVESLooking into the future from present.

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

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)

Nifty Spot

Bank Nifty Spot

VIX

Premium

Nifty Future OI

Bank Nifty OIFuture

Market Summary:

The benchmark Nifty ended last week's trade on a very strong note, up 5.21% at 10553.

The Nifty November Futures traded at a premium of 31 against a premium of 32 from

previous trading session. IT, Media, Pharma & PSU Banks played a bit spoilt sport in

Friday’s session but that didn’t stop the benchmark Nifty to hold on to 10550 mark.

Amongst Broader Indices, the BSE Midcap Index was up 0.78%. The BSE Smallcap Index

was identically up 0.76%. But, both the indices underperformed the Sensex.

Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE Auto Index (up

4.05%), BSE Metal Index (up 3.04%), BSE Oil & Gas Index (up 2.46%).

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

(down 1.32%), BSE Teck Index (down 0.96%), BSE Healthcare Index (down -0.48%).

Amongst stock specific action, positive bias was seen in stocks like VEDL (up 6.67%),

MARUTI (up 6.31%), BPCL (up 6.19%)

Among stocks drifting down were: TECHM (down 3.98%), WIPRO (down 3.37%), DR

REDDY (down 1.74%)

Maximum Call Open Interest (OI) stands at 10700 Strike Price, followed by 10800 Strike

Price for November Series. Fresh build-up of long positions was seen at strike prices

10800-10950 for November series.

Maximum Put Open Interest (OI) was seen at strike price 10000 followed by 10200 strike

price for November series. Put writing was seen at strike prices 10500-10600 for

November series

As per Friday’s Provisional Data available on the NSE, FII’s sold shares worth Rs. 196.90

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

852.99 crores in the Indian Equity market.

Highest OI Nifty: Calls 10700: 24.76 L - Puts 10000: 51.33

Highest OI Bank Nifty: Calls 25500: 6.95 L - Puts 25000: 8.44 L

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

Long Buildup: ICICI BANK, AXIS BANK, HINDALCO, SAIL, RELIANCE.

Short Buildup: PNB, DABUR, ARVIND, BIOCON.

Short Covering: TATA MOTORS, YES BANK, HINDPETRO, BPCL, BANKBARODA.

Long Unwinding: TECHM, ZEEL, LUPIN, KPIT.

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

New In Ban: NIL.

Out of Ban: NIL.

Future Call: BUY BANK NIFTY NOVEMBER FUTURES between

25301-25501 zone. Targets at 25901 and then at 26201-26501

ZONE. Stop: 24901. Holding Period: 2 Days. Analyst’s Remark:

Momentum Play (BANK NiFTY November Futures CMP 25751).

Option Call: BUY RELIANCE NOVEMBER CE strike price 1100 between 22-25

zone. Profit: Unlimited. Maximum Loss: Rs. 12,500. Stop: Exit Call option if

RELIANCE INDUSTRIES (RIL) moves below 1031. (RELIANCE November

Futures CMP 1080 & RELIANCE NOVEMBER CE strike price 1100 CMP at 28.55).

10553 (+1.66%)

25701.65 (+1.49%)

18.23 (-5.01%)

+32 vs +33

2.47 crores (+7.43%)

18.60 lakhs (+24.79%)

6373 3417.56

41785.08 37176.67

700968 1817982

413784 27104

1202746 66607

9700092 561860

805168 45398

12121790 700968

Calls in lakhs (% Change)

10700 24.76 (+0%)

10800 21.67 (-3%)

10600 18.66 (-11%)

Puts in lakhs (% Change)

10200 38.77 (+8%)

10000 51.33 (+1%)

10500 17.22 (+127%)


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 10380.45 10334.27 10288.08 10434.27 10488.08 10388.08 10765.39 DOWN

NIFTY 10553 10471.48 10389.97 10620.73 10688.47 10539.22 10765 DOWN

BANKNIFTY 25701.65 25515.12 25328.58 25872.22 26042.78 25685.68 26060.56 DOWN

NIFTYMID50 4781.5 4739.9 4698.3 4849.1 4916.7 4807.5 5045.13 DOWN

UP

ACC 1451.5 1417 1382.5 1480 1508.5 1445.5 1511.77 DOWN

ADANIENT 175.6 173.1 170.6 178.8 182 176.3 131.59 UP

ADANIPORTS 333.6 321.95 310.3 342.7 351.8 331.05 378.47 DOWN

AJANTPHARM 1085.3 1072.23 1059.17 1101.63 1117.97 1088.57 1197.69 DOWN

ALBK 42.9 42.02 41.13 44.22 45.53 43.33 46.52 DOWN

AMARAJABAT 790.8 762.67 734.53 807.47 824.13 779.33 802.07 DOWN

ANDHRABANK 28.65 28.12 27.58 29.47 30.28 28.93 37.24 DOWN

APOLLOTYRE 220.7 216.7 212.7 227.1 233.5 223.1 261.87 DOWN

ARVIND 326.85 318.62 310.38 341.52 356.18 333.28 395.29 DOWN

ASHOKLEY 117.7 114.85 112 119.5 121.3 116.65 133.72 DOWN

ASIANPAINT 1247 1228.32 1209.63 1278.62 1310.23 1259.93 1248.73 DOWN

AUROPHARMA 781.4 774.53 767.67 791.63 801.87 784.77 638.54 UP

AXISBANK 610.65 604.53 598.42 617.33 624.02 611.22 557.21 UP

BAJAJ-AUTO 2657.75 2618.5 2579.25 2698.5 2739.25 2659.25 2856.47 DOWN

BAJAJFINSV 5525.3 5405.6 5285.9 5634.4 5743.5 5514.7 5767.9 DOWN

BAJFINANCE 2383.3 2340.57 2297.83 2450.47 2517.63 2407.73 2147.97 UP

BALKRISIND 1112.8 1082.08 1051.37 1166.58 1220.37 1135.87 1152.1 DOWN

BALRAMCHIN 109.45 107.48 105.52 111.43 113.42 109.47 83.81 UP

BANKBARODA 109.9 107.72 105.53 112.77 115.63 110.58 135.28 DOWN

BANKINDIA 84.25 81.88 79.52 88.53 92.82 86.17 102.98 DOWN

BATAINDIA 1006.65 986.78 966.92 1027.08 1047.52 1007.22 832.86 UP

BEL 95 93.4 91.8 97.75 100.5 96.15 122.84 DOWN

BEML 688.9 650.63 612.37 712.33 735.77 674.07 960.56 DOWN

BERGEPAINT 304.4 297.13 289.87 314.53 324.67 307.27 281.84 UP

BHARATFIN 952.9 925.93 898.97 968.93 984.97 941.97 1103.76 DOWN

BHARATFORG 607.25 580.7 554.15 635.55 663.85 609 672.7 DOWN

BHARTIARTL 302.05 294.43 286.82 308.73 315.42 301.12 383.07 DOWN

BHEL 73 71.18 69.37 74.38 75.77 72.57 80.76 DOWN

BIOCON 631 621.48 611.97 646.63 662.27 637.12 617.15 UP

BPCL 302.35 293.7 285.05 309.5 316.65 300.85 395.01 DOWN

BRITANNIA 5601 5545.67 5490.33 5690.67 5780.33 5635.33 5609.09 DOWN

CANBK 243.5 238 232.5 253.1 262.7 247.6 269.3 DOWN

CANFINHOME 274.65 269.8 264.95 282.25 289.85 277.4 381.33 DOWN

CAPF 477.75 470.35 462.95 488.15 498.55 480.75 596.58 DOWN

CASTROLIND 146.35 143.85 141.35 150 153.65 147.5 174.19 DOWN

CEATLTD 1184.3 1163.78 1143.27 1215.83 1247.37 1195.32 1429.58 DOWN

CENTURYTEX 852.2 838.18 824.17 869.03 885.87 855.02 1032.95 DOWN

CESC 690.15 681.78 673.42 698.23 706.32 689.87 970.73 DOWN

CGPOWER 37.4 35.87 34.33 38.87 40.33 37.33 67.25 DOWN

CHENNPETRO 274 266.95 259.9 280.45 286.9 273.4 317.81 DOWN

CHOLAFIN 1323.2 1277.53 1231.87 1379.38 1435.57 1333.72 1439.34 DOWN

CIPLA 607.1 601.75 596.4 616.2 625.3 610.85 604.28 UP

COALINDIA 261.55 258.8 256.05 264.4 267.25 261.65 281.57 DOWN

COLPAL 1108.1 1099.58 1091.07 1118.03 1127.97 1109.52 1125.46 DOWN

CONCOR 659.65 652.47 645.28 669.22 678.78 662.03 649.11 UP

CUMMINSIND 768.3 749.7 731.1 785.25 802.2 766.65 737.41 UP

DABUR 369.45 364.97 360.48 374.42 379.38 369.93 382.63 DOWN

DALMIABHA 2178.4 2130.58 2082.77 2230.08 2281.77 2182.27 2627.97 DOWN

DCBBANK 159.25 156.9 154.55 162.8 166.35 160.45 171.84 DOWN

DHFL 231.4 225.27 219.13 238.77 246.13 232.63 545.86 DOWN

DISHTV 43.15 42.55 41.95 44 44.85 43.4 68.83 DOWN

DIVISLAB 1499.25 1482.28 1465.32 1520.08 1540.92 1503.12 1151.16 UP

DLF 169.95 165.73 161.52 176.53 183.12 172.32 203.6 DOWN

DRREDDY 2423.25 2392.57 2361.88 2464.92 2506.58 2434.23 2254.99 UP

EICHERMOT 22674.1 22222.55 21771 23103.1 23532.1 22651.55 27893.28 DOWN

ENGINERSIN 119.9 116.52 113.13 125.32 130.73 121.93 142.1 DOWN

EQUITAS 111.7 109.55 107.4 115.05 118.4 112.9 144.4 DOWN

ESCORTS 676 664.17 652.33 691.67 707.33 679.83 840.67 DOWN

EXIDEIND 253.55 248.9 244.25 260.3 267.05 255.65 249.28 UP

FEDERALBNK 82.4 81.1 79.8 84.4 86.4 83.1 87.7 DOWN

FORTIS 138.5 137.5 136.5 140 141.5 139 143.41 DOWN

GAIL 369.75 364.67 359.58 374.12 378.48 369.03 349.78 UP

GLENMARK 626.45 617.48 608.52 639.38 652.32 630.42 582.12 UP

GMRINFRA 16.95 16.58 16.22 17.53 18.12 17.17 18.24 DOWN

GODREJCP 714.45 690.18 665.92 743.78 773.12 719.52 798.37 DOWN

GODREJIND 477.7 465.5 453.3 487.5 497.3 475.3 573.61 DOWN

GRANULES 101.15 99.73 98.32 102.98 104.82 101.57 103.69 DOWN

GRASIM 847.6 838.23 828.87 859.98 872.37 850.62 1044.33 DOWN

GSFC 116.1 111.15 106.2 120 123.9 115.05 118.41 DOWN

HAVELLS 646.15 638.63 631.12 654.03 661.92 646.52 571.57 UP

HCC 13.8 13.17 12.53 14.47 15.13 13.83 19.97 DOWN

HCLTECH 1004.6 990 975.4 1024.35 1044.1 1009.75 977.27 UP

HDFC 1824.4 1780.97 1737.53 1852.37 1880.33 1808.93 1857.27 DOWN

HDFCBANK 1949.45 1920.97 1892.48 1968.97 1988.48 1940.48 1996.39 DOWN

HDIL 21.45 21.1 20.75 21.85 22.25 21.5 32.9 DOWN

HEROMOTOCO 2896.6 2843.48 2790.37 2944.78 2992.97 2891.67 3421.15 DOWN

HEXAWARE 311.6 305.93 300.27 320.43 329.27 314.77 415.49 DOWN

HINDALCO 240.45 232.97 225.48 246.32 252.18 238.83 232.6 UP

HINDPETRO 240.2 232 223.8 246.65 253.1 238.45 305.21 DOWN

HINDUNILVR 1638.45 1615.07 1591.68 1655.02 1671.58 1631.63 1532.13 UP

HINDZINC 264.05 261.33 258.62 267.73 271.42 265.02 296.25 DOWN

IBREALEST 82.55 81.28 80.02 83.18 83.82 81.92 169.22 DOWN

IBULHSGFIN 870.9 858 845.1 881.9 892.9 869 1191.79 DOWN

ICICIBANK 354.45 351.5 348.55 357.6 360.75 354.65 306.04 UP

ICICIPRULI 352.4 346.32 340.23 358.02 363.63 351.93 389.3 DOWN

ICIL 67 65.13 63.27 69.93 72.87 68.07 83.94 DOWN

IDBI 59.15 58.75 58.35 59.8 60.45 59.4 62.88 DOWN

IDEA 40.6 39.43 38.27 41.33 42.07 40.17 62.77 DOWN

IDFC 38 37.12 36.23 38.72 39.43 37.83 49.35 DOWN

IDFCBANK 35.6 35.07 34.53 36.37 37.13 35.83 44.94 DOWN

IFCI 14.3 14.05 13.8 14.7 15.1 14.45 18.61 DOWN

IGL 281.85 276.02 270.18 290.82 299.78 284.98 278.52 UP

INDIACEM 94.9 92.07 89.23 98.17 101.43 95.33 129.36 DOWN

INDIANB 248.45 241.53 234.62 258.08 267.72 251.17 317.46 DOWN

INDIGO 975.25 953.87 932.48 987.82 1000.38 966.43 1132.8 DOWN

INDUSINDBK 1541.8 1492.9 1444 1572.8 1603.8 1523.9 1810.71 DOWN

INFIBEAM 37.75 34.42 31.08 40.42 43.08 37.08 156.11 DOWN

INFRATEL 262.3 260.12 257.93 264.62 266.93 262.43 307.26 DOWN

INFY 662.25 656.3 650.35 672 681.75 666.05 631.68 UP

IOC 148.25 145.17 142.08 151.37 154.48 148.28 166.9 DOWN

IRB 145.4 142.9 140.4 149.5 153.6 147 209.48 DOWN

ITC 283.25 279.05 274.85 286.7 290.15 282.5 279.09 UP

JETAIRWAYS 229.15 224.62 220.08 235.47 241.78 230.93 459.94 DOWN

JINDALSTEL 184.8 177.17 169.53 190.92 197.03 183.28 226.43 DOWN

JISLJALEQS 74.95 74.12 73.28 75.87 76.78 75.03 97.36 DOWN

JPASSOCIAT 6.75 6.5 6.25 7.15 7.55 6.9 15.19 DOWN

JSWENERGY 65.7 64.88 64.07 66.73 67.77 65.92 73.25 DOWN

JSWSTEEL 352.8 346.27 339.73 358.17 363.53 351.63 329.05 UP

JUBLFOOD 1080.1 1045.7 1011.3 1128.9 1177.7 1094.5 1245.87 DOWN

JUSTDIAL 490.75 480.42 470.08 505.42 520.08 495.08 506.86 DOWN

KOTAKBANK 1133.2 1115.13 1097.07 1148.63 1164.07 1130.57 1199.22 DOWN

KPIT 209.8 204.72 199.63 217.17 224.53 212.08 250.14 DOWN

KSCL 502.45 496.87 491.28 511.27 520.08 505.68 537.1 DOWN

KTKBANK 104.2 102.82 101.43 106.17 108.13 104.78 119.62 DOWN

L&TFH 134.15 132.3 130.45 137.2 140.25 135.35 161.11 DOWN

LICHSGFIN 430.55 424.2 417.85 436.7 442.85 430.35 503.71 DOWN

LT 1358.2 1342.18 1326.17 1372.03 1385.87 1356.02 1317.99 UP

LUPIN 849.9 842 834.1 860.9 871.9 853 840.83 UP

M&M 783.55 767.1 750.65 797.95 812.35 781.5 839.16 DOWN

M&MFIN 430.55 418.33 406.12 440.68 450.82 428.47 461.14 DOWN

MANAPPURAM 82.9 80.02 77.13 84.77 86.63 81.88 103.18 DOWN

MARICO 338.05 324.83 311.62 348.33 358.62 335.12 328.44 UP

MARUTI 7135.45 6870.67 6605.88 7279.62 7423.78 7014.83 8724.51 DOWN

MCDOWELL-N 614.9 608.4 601.9 625 635.1 618.5 628.07 DOWN

MCX 705.95 698.53 691.12 718.38 730.82 710.97 779.43 DOWN

MGL 844.15 835.47 826.78 855.92 867.68 847.23 899.19 DOWN

MOTHERSUMI 172.5 162.8 153.1 180.35 188.2 170.65 207.31 DOWN

MRF 66480.8 65436.61 64392.43 67100.76 67720.73 66056.58 72367.3 DOWN

MRPL 82.7 81.27 79.83 84.57 86.43 83.13 96.53 DOWN

MUTHOOTFIN 436.4 429.02 421.63 444.77 453.13 437.38 410.07 UP

NATIONALUM 69.3 68.37 67.43 70.62 71.93 69.68 69.81 DOWN

NBCC 58.85 57.92 56.98 60.47 62.08 59.53 85.33 DOWN

NCC 79.7 78.08 76.47 81.73 83.77 80.12 106.1 DOWN

NMDC 114.85 113 111.15 117.4 119.95 115.55 117.55 DOWN

NTPC 158 156.25 154.5 159.55 161.1 157.8 164.61 DOWN

OIL 200.85 198.55 196.25 204.5 208.15 202.2 219.51 DOWN

ONGC 157.35 155.48 153.62 158.83 160.32 156.97 174.66 DOWN

ORIENTBANK 78.9 76.37 73.83 82.77 86.63 80.23 85.75 DOWN

PCJEWELLER 88.2 78.3 68.4 94.15 100.1 84.25 206.4 DOWN

PEL 2152.65 2126.78 2100.92 2192.43 2232.22 2166.57 2559.82 DOWN

PETRONET 224.05 219.2 214.35 230.7 237.35 225.85 227.82 DOWN

PFC 93.6 91.8 90 96.2 98.8 94.4 87.82 UP

PIDILITIND 989.3 977.5 965.7 1003.05 1016.8 991.25 1022.58 DOWN

PNB 69.05 65.17 61.28 75.82 82.58 71.93 95.04 DOWN

PTC 79.1 77.5 75.9 81.2 83.3 79.6 86.67 DOWN

PVR 1394.4 1377.83 1361.27 1408.13 1421.87 1391.57 1327.96 UP

RAMCOCEM 603.35 591.57 579.78 617.57 631.78 605.78 718.46 DOWN

RAYMOND 758.65 744.93 731.22 778.13 797.62 764.42 906.03 DOWN

RBLBANK 522.3 516.37 510.43 531.12 539.93 525.18 528.51 DOWN

RCOM 14.1 13.55 13 14.95 15.8 14.4 18.51 DOWN

RECLTD 118.75 117.5 116.25 120.25 121.75 119 120.38 DOWN

RELCAPITAL 253.05 248.93 244.82 259.53 266.02 255.42 407.72 DOWN

RELIANCE 1074.9 1065.03 1055.17 1082.88 1090.87 1073.02 1030.93 UP

RELINFRA 375.45 364.75 354.05 383.45 391.45 372.75 419.44 DOWN

REPCOHOME 404.95 391.32 377.68 414.27 423.58 400.63 554.91 DOWN

SAIL 69.55 67.53 65.52 71.33 73.12 69.32 77.64 DOWN

SBIN 285.35 281.43 277.52 291.03 296.72 287.12 271.87 UP

SHREECEM 14764.3 14186.93 13609.57 15211.48 15658.67 14634.12 16715.22 DOWN

SIEMENS 960.85 952.52 944.18 967.77 974.68 959.43 1055.13 DOWN

SOUTHBANK 14.7 14.52 14.33 15.02 15.33 14.83 22.29 DOWN

SREINFRA 35.35 34.42 33.48 36.77 38.18 35.83 67.04 DOWN

SRF 1958.8 1915.87 1872.93 2030.87 2102.93 1987.93 1897.58 UP

SRTRANSFIN 1254 1223.72 1193.43 1274.67 1295.33 1244.38 1352.33 DOWN

STAR 419.85 413.43 407.02 430.33 440.82 423.92 530.04 DOWN

SUNPHARMA 571.85 566.85 561.85 578.3 584.75 573.3 557.97 UP

SUNTV 663.2 651.57 639.93 679.27 695.33 667.63 836.22 DOWN

SUZLON 6.3 6.2 6.1 6.45 6.6 6.35 9.39 DOWN

SYNDIBANK 34.35 33.83 33.32 35.18 36.02 34.67 48.98 DOWN

TATACHEM 696.15 687.03 677.92 708.78 721.42 699.67 710.32 DOWN

TATACOMM 490.6 477.55 464.5 502.5 514.4 489.45 586.98 DOWN

TATAELXSI 1047.3 1030.67 1014.03 1074.72 1102.13 1058.08 1184.7 DOWN

TATAGLOBAL 217.65 215.2 212.75 221.8 225.95 219.35 259.14 DOWN

TATAMOTORS 190.3 183.52 176.73 194.47 198.63 187.68 299.51 DOWN

TATAMTRDVR 102.55 99.27 95.98 104.52 106.48 101.23 168.99 DOWN

TATAPOWER 76 75.07 74.13 77.17 78.33 76.23 78.28 DOWN

TATASTEEL 574.05 562.33 550.62 584.08 594.12 572.37 599.37 DOWN

TCS 1913.45 1894.1 1874.75 1943.7 1973.95 1924.35 1774.97 UP

TECHM 690.9 676.32 661.73 716.67 742.43 702.08 665.58 UP

TITAN 871 857.93 844.87 884.03 897.07 870.97 876.28 DOWN

TV18BRDCST 38.05 37.52 36.98 38.87 39.68 38.33 53.05 DOWN

TVSMOTOR 553.45 544.03 534.62 563.83 574.22 554.42 600.4 DOWN

UBL 1258.65 1236.1 1213.55 1284.1 1309.55 1261.55 1162.47 UP

ULTRACEMCO 3730.8 3591.53 3452.27 3868.53 4006.27 3729.27 4004.16 DOWN

UNIONBANK 75.75 73.47 71.18 79.62 83.48 77.33 92.33 DOWN

UPL 711.45 701.47 691.48 718.97 726.48 708.98 688.85 UP

VEDL 225.9 217.85 209.8 230.65 235.4 222.6 261.56 DOWN

VOLTAS 548.5 537.6 526.7 555.2 561.9 544.3 579.52 DOWN

WIPRO 318.4 313.1 307.8 327.65 336.9 322.35 290.9 UP

WOCKPHARMA 511.2 504.68 498.17 521.53 531.87 515.02 685.21 DOWN

YESBANK 209.1 205.87 202.63 214.12 219.13 210.88 322.08 DOWN

ZEEL 441.35 435.73 430.12 450.68 460.02 445.07 538.54 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 traded rangebound in Friday's trade. Key medium term suppport seen at 31201 mark. Interweek strategy: Establish long positions between 31251-31501 zone, targeting 32451 mark and then aggressive targets at 32851-32901 with stop at 31101.

Silver prices traded listless in Friday's trade. Interweek strategy: Establish long positions between 38455-38501 zone, targeting 39651 mark and then aggressive targets at 39901-40000 zone with stop at 38251.

Crude-oil prices traded weak in Friday's trade. Confirmation of strength only above 4789. Interweek strategy: Establish long positions above 4789, targeting 5051 zone and then aggressive targets at 5369 with stop at 4501.

Copper prices were seen flaring up in Friday's tarde. Interweek strategy: Establish long positions between 441-445 zone, targeting 465 mark and then at 479. stop below 437.50.

Natural Gas prices traded flat in Friday's trade. Interweek strategy: Establish long positions between 231-235 zone, targeting 245 and then aggressive targets at 249-251 zone with stop at 223.

The Indian Rupee strengthened Key support now at 71.75. Intermonth strategy: Buy between 71.75-72 zone, targeting 75 and then aggressive targets at 77 with strict stop below 71.45.

31764 31501 31201 32451 32901 Neutral

38629 37751 37201 39650 40001 Neutral

4615 4501 4221 4789 5101 Neutral

451 438 421 461 479 Neutral

240.90 227.45 215.00 245.00 251.00 Positive

72.43 71.75 70.00 75.00 77.00 Positive

The Indian rupee Friday clocked its biggest single-day gain in over five years, surging by 100 paise. Supports for USD/INR seen at 71.75.

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



U.S.- China trade talks are the biggest catalyst for Wall Street. Hurdles for Dow seen at 27200

Gold prices were seen inching up in Friday's trade. Hurdles now seen at 1245. Confirmation of major strength only above 1245. Interweek Strategy: Buy above 1245, targeting 1261 and then at 1271-1275 zone with stop above 1207.

Silver prices too were attempting a major rebound in Friday's trade tracking some value buying in yellow metal. Hurdles now seen at 15.45. Confirmation of major strength only above 15.45. Interweek Strategy: Buy at CMP, targeting 15.05 zone with stop below 14.11.

Crude-oil prices were seen trading with negative bias in Friday's trade. Confirmation of strength only above 67.50. Inerweek strategy: Establish long positions at CMP, targeting 67.45 zone and then 70.50-71 zone with stop at 61.01.

We have a negative bias on EUR/USD. Major weakness seen only below 1.1261. 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.

Wall Street ended lower on Friday, snapping a three-day winning streak, amidst confusion over prospects for a near-term resolution to the protracted U.S.-China trade spat. For the week, both the Dow and the S&P 500 are up 2.4% and the Nasdaq advanced 2.7%, its first weekly gain since the end of September 2018.. Dow faces major hurdles at 27200.

1235 1207 1189 1245 1261 Neutral

14.74 14.21 13.75 15.05 16.09 Neutral

62.86 62.5 61.05 67.5 71.05 Neutral

1.1388 1.1261 1.1100 1.1505 1.1777 Negative

96.50 95.00 92.50 97.50 99.00 Positive

25271 24445 23751 26001 27200 Neutral


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

144.85 144.07 143.28 145.77 146.68 145.99 146.55 DOWN

1396.9 1379.53 1362.17 1410.63 1424.37 1128.25 1427 DOWN

5678 5636.67 5595.33 5710.67 5743.33 4359.32 5516 DOWN

4044 4000.67 3957.33 4071.67 4099.33 3832.7 4132 UP

451.25 441.47 431.68 456.87 462.48 445.48 406.5 DOWN

22370 22266.67 22163.33 22546.67 22723.33 21707.65 23180 UP

4609 4557 4505 4663 4717 4616.23 4877 UP

31750 31621.67 31493.33 31856.67 31963.33 30665.84 31568 DOWN

10180 9925 9670 10320 10460 8976.17 9845 UP

4645.5 4541.67 4437.83 4702.67 4759.83 4177.63 4522 UP

20670 20441.67 20213.33 20816.67 20963.33 17465.72 19760 UP

145.7 143.25 140.8 147.5 149.3 154.99 148.8 UP

1767.9 1753.33 1738.77 1794.73 1821.57 1476.21 1724.7 DOWN

240.5 233.5 226.5 244.7 248.9 196.81 227.2 UP

870.4 862.2 854 879.8 889.2 928.43 887.7 UP

4075 4057.33 4039.67 4100.33 4125.67 4044.32 4194 DOWN

38620 38429.34 38238.67 38825.34 39030.67 38739.11 39398 DOWN

3050 3050 3050 3050 3050 3614.83 3015 DOWN

3380 3351.33 3322.67 3407.33 3434.67 3516.12 3238 UP

188.65 186.77 184.88 191.32 193.98 200.21 199.63 UP



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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