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Welcome Note

Thursday14th June, 2018

Stock Of The Day: (F & O)

Forecast and Analysis

CONTENTS



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


Dear Valued Investor,

Good Morning & Welcome to Thursday’s trading action at Dalal Street, dated 14th June

2018.

The numbers are in and the verdict is out!

The numbers: The Federal Open Market Committee lifted interest rates for the second

time this year and the seventh time since beginning its monetary-policy normalization

imitative in December of 2015. The policy-setting Federal Open Market Committee lifted

the federal-funds rate to a range between 1.75% to 2%, from 1.5% to 1.75%.

The Fed has signaled that it will continue to gradually increase rates in response to higher

inflation and strength in the U.S. labor market. Officials have also set in motion a plan to

reduce the Fed’s bond holdings, as the central bank moves away from accommodative

policies employed during and after the 2008 financial crisis.

The Verdict: The Federal Reserve has signaled that the U.S economic growth outlook

warranted a more aggressive rate-hike path than investors had anticipated.

Amidst this backdrop, Wall Street slumped, relinquishing early morning gains to close near

session lows. The Dow Jones index fell 120 points to close at 25201, and finished a

turbulent session sharply lower.

The U.S Dollar inched up. Interest rates are going up. Higher interest rates can make

riskier assets such as stocks less attractive. Gold traded firm above $1,300 after Fed

decision..

At the time of writing SGX Nifty was seen trading nervously, down 41 points at

10803, indicating a gap-down start for our stock markets.

Focus now shifts away to the two central bank meetings slated in next two days.

1. The European Central Bank policy makers are expected to announce the timing of a

reduction of its crisis-era asset-purchase initiative on Thursday.

2. On June 15, Bank of Japan holds monetary policy meeting.

Amongst key domestic macro watch:

• On June 14th, the Indian government will announce inflation data of WPI for May

2018.

What Technical Tells Us on Nifty: Nifty edged higher in yesterday’s trading session,

making decent headway as the benchmark rose 0.13% to settle at 10,856.70.

However, the market breadth, indicating the overall health of the market, turned negative

from positive in late trade. The BSE Mid-Cap index lost some gains, down -0.43%. The BSE

Small-Cap Index too fell by -0.34%. Both the indices underperformed Sensex in

yesterday’s trade.

Technically speaking, Nifty is likely to consolidate with downside well supported at 10,761-

10,777 zone and then at 10,585. Buying on any corrective declines should be the preferred

trading strategy. Immediate upside targets on Nifty now seen at 10911 and then at 11000

mark.

The technical landscape will worsen only if Nifty slips below the 10327 mark as that would

open the door to massive technical selling, possibly quickly to the 10000-10050 zone.

The price action for Nifty is suggesting that we are likely to see a 10,550-11100 range in

near term with positive bias. Hence, establishing long positions with strict stop below

10501 should be the preferred trading strategy for the day.

10856 0.13%

26643 0.13%

11246 -0.06%

28916 -0.50%

3264 -0.70%

14034 1.26%

3211 -0.75%

5039 -0.30%

3613 -0.44%

8949 0.88%

292 -0.05%

7710 -0.20%

35739 0.13%

10845 0.00%

Volatile session likely.

Neutral (10801-10891)

Positive (10301-11001)

Neutral (11301)

10761 & 10585

10875 & 11001

10327



Technical Strategy


Outlook for Thursday: BUY ON EARLY MORNING SHARP

DECLINES.

Judging by early trends at SGX Nifty, it appears that it will be a relatively volatile day for our

stock markets. Investors’ would prefer to stay sidelines and be reluctant to make any big

moves ahead of two central bank meetings.

Now, before we get into detail; let’s look at major instruments.

7 AM GLOBAL UPDATE: DOW (-120, 25201) NASDAQ (-8, 7695) SGX NIFTY (-41,

10803) OIL (+0.18, $66.64) GOLD (+2, $1303)

Our call of the day says the benchmark Nifty may consolidate after a lower open. Any

sharp corrective declines should be well supported at 10,761-10,777 zone. Aggressive

buying recommended only above Nifty 10,895 mark.

Commodity Cues:

• In commodities, Crude -oil prices climbed on Wednesday, to settle at their highest in

almost two weeks ($66.65 a barrel), after a U.S. government report revealed a

bigger-than-expected decline in domestic crude supplies, which was the largest

one-week drop since the end of March.

All anxious eyes now turn to OPEC’s next meeting on June 22 in Vienna.

In India, Asia's No.2 buyer, May fuel demand rose by 3.4% compared with the same

month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the

oil ministry showed on Monday.

Currencies & Bonds:

• In the fixed income, the Treasury yield curve was seen flattening as the yield on 10-

year U.S. Treasury notes inched slightly to 2.98 percent following the release of the

statement

• There was a knee-jerk movement in the dollar; as the U.S. dollar spiked after the

Fed rate hike, but slipped back as focus turned to ECB

• Euro was seen drifting in Wednesday’s trade as attention shifts on the European

Central Bank that is likely to provide guidance this week on how it plans to wind

down its quantitative easing program.

• In Wednesday’s trade, the USD/INR gained 16 paise amidst value buying. Bias

continues to be positive.

Macro Watch:

• Today (June 14th), the Indian government will announce inflation data of WPI for

May 2018.

• Rain seen progressing in parts of Maharashtra, Karnataka - IMD

• Today (June 14), the ECB Governing Council meeting will be followed by interest

rate announcement.

• On June 15, Bank of Japan holds monetary policy meeting.

Stocks To Watch:

• Our chart of the day suggests establishing long positions on any sharp corrective

declines in stocks like TECH MAHINDRA, BHARAT FINANCIAL and JSW

STEEL.

RELIANCE INDUSTRIES (RIL)

Action

Target

Support

Resistance

Holding Period

1002.5

BUY ON DIPS.

837

965/901

1011/1045

21 Days.

Technically, Reliance Industries (RIL) is signaling

a major breakout on the monthly charts from a

higher consolidation zone.

The stock is in bullish position where it wants to

ascent above its all-time-high at 1011 zone. The

sequence of higher high/low is intact on weekly

and monthly charts time frame.

The momentum oscillators are likely to shift on

buy side only on any move above 805 zone and

such up move needs to be backed by increases in

volumes.

Key support to watch in near term is at 965 zone.

Medium term supports seen at 901 zone.

Establish long positions on corrective declines

between 975-985 zone, targeting 1011 and then

aggressive targets located at 1045-1051 zone.

Stop 939.



‘30,000 feet

view’: The big

picture of

Dalal Street


• Bullish stocks: TECH MAHINDRA, RELIANCE (RIL), BHARAT FINANCIAL,

INDUSIND BANK, CAPITAL FIRST, JUBILANT FOODS, MARICO, MCDOWELL, JSW

STEEL, HINDALCO, M&M, MARUTI.

• Bearish stocks: EICHER MOTORS, LIC HOUSING FINANCE, WOCKHARDT,

MANAPURAM, MOTHERSON SUMI, INDIA CEMENTS, STAR, SUZLON, BANK OF

INDIA, WIPRO.

• Show Me the Money: Sell MOTHERSON SUMI (CMP 310.40):The

interweek/intermonth bias is on the downside as long as 321 resistance is held.

Interweek Strategy: Establish short positions between 312-315 zone, targeting 305

and then aggressive targets located at 289-292 zone. Stop above 321.45.

• JSW Steel crude steel production 1.4mn tons in May, up 3% YoY and flat rolled

products output in May 956000 tons, up 2% YoY .

• Torrent and Aurobindo Pharma get final USFDA approval for gViagra - USFDA has

approved Sildenafil Citrate generics of Torrent Pharma and Aurobindo Pharma.

• Government aims to raise about Rs60bn via tranche of Bharat 22 ETF, Bharat 22 ETF

tranche to open June 19-22.

• Cabinet clears HDFC Bank's proposal to raise Rs 24,000 crore via FDI.

• L&T wins contract worth Rs13.87bn.

• Stocks banned in F&O segment for today: BALRAMCHIN, DHFL, JET

AIRWAYS, JUST DIAL.

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

For the day, on improving technical conditions buying on any sharp corrective weakness

should be the preferred trading strategy.

Preferred trade on Nifty: Nifty (10857): Buy between 10765-10777 zone, targeting

10901 and then at 10951-11000 zone with stop at 10571.

Preferred trade on Bank Nifty: Bank Nifty (26607): Buy between 26500-26550 zone,

targeting 26750 zone and then at 27101-27251 zone with strict stop at 26101.

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


The stock is signaling a major rebound from a lower consolidation on daily charts. Intermonth Strategy: Establish long positions at CMP, targeting 2947 and then aggressive targets located at 3100-3172 zone. Stop above 2801.

The stock is signaling a major breakout from a higher consolidation on daily charts. Interweek Strategy: Establish long positions between 1171-1175 zone, targeting 1201 and then aggressive targets located at 1217-1221 zone. Stop above 1161.

JSW STEEL ended on a strong note in yesterday's trading session, up 0.48%. A major breakout play on cards. Key interweek support seen at 331. Interweek Strategy: Buy between 337.50-340 zone, targeting 351 and then at 361-365 zone. Stop below 331.

Momentum oscillators continue to be in buy mode. Confirmation of strength above 722.50. Interweek Strategy: Buy between 705-709 zone, targeting 722.50 and then more aggressive targets located at 741-745 zone. Stop below 697.50.

The interweek/intermonth bias is on the downside as long as 321 resistance is held. Interweek Strategy: Establish short positions between 312-315 zone, targeting 305 and then aggressive targets located at 289-292 zone. Stop above 321.45.

JSW STEEL: This Stock is Set to Blast Off.

BAJAJ AUTO

BHARAT FINANCIAL

JSW STEEL

TECH MAHINDRA

MOTHERSON SUMI

2907.95 2847 2801 2947 3172 Positive

1179.2 1165 1145 1201 1221 Positive

343 331 321.5 351 365 Positive

713.8 699 685 722.5 745 Positive

310.4 305 289 317.5 321 Negative



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 edged higher in yesterday’s trading session, making decent headway

as investors looked ahead to the U.S. Federal Reserve’s latest monetary policy decision. Nifty

rose 0.13% to settle at 10,856.70. The BSE Mid-Cap index lost some gains, down -0.43%. The BSE Small-Cap Index too fell by -

0.34%. Both the indices underperformed Sensex in yesterday’s trade. The market breadth,

indicating the overall health of the market, turned negative from positive in late trade.

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

1.29%), BSE TECK (up 0.94%), BSE Healthcare (up 0.58%), BSE Consumer Durable (up

0.57%).

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

(down -0.71%), BSE Capital Goods (down -0.66%), BSE FMCG (down -0.42%).

Amongst stock specific action, positive bias was seen in stocks like Dr. Reddy (up 3.00%),

Cipla (up 2.65%), TCS (up 2.42%).

Among stocks drifting down were: Tata Steel (down -2.14%), Adani Ports (down -1.56%),

Zeel (down -1.43%).

Going forward, in Thursday’s session, Nifty may most likely trade with positive bias with

targets at 11,000 mark. The make or break support levels on Nifty are at 10,777 mark.

Nifty’ must watch support levels would be 10,700 mark as maximum Put OI contracts were

seen at strike price 10,700 followed by 10,600 strike price. Maximum put writing was seen at

the strike prices of 10,700. Put unwinding was seen at the strike price of 11,000.

Nifty’s key hurdle remains at psychological 11000 mark with maximum OI at 11000 strike

price; followed by 10,900 call option. Call writing was seen at the strike price of 11,100,

followed by 10,900 strike price. Call unwinding was seen at the strike price of 10,800.

As per Wednesday’s provisional data available on the NSE, Foreign institutional investors

(FIIs) sold shares for 6th straight day worth Rs. -70.77 crore, while domestic institutional

investors bought shares worth Rs 486.78 crore in the Indian equity market.

Highest OI Nifty: Calls 11000: 39.51 L - Puts 10700: 51.88 L

Highest OI Bank Nifty: Calls 27000: 10.00 L - Puts 26000: 8.37 L

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

Long Buildup: SBIN, ICICI BANK, JSW STEEL, INFY, KSCL.

Short Buildup: IDEA, NCC, ICICIPRU, NALCO, VOLTAS.

Short Covering: INDIACEM, BPCL, IRB, BANK OF INDIA.

Long Unwinding: MARICO, BAJFIN, UBL, TORNTPOWER.

Stocks banned in F&O segment for today: BALRAMCHIN, DHFL, JET AIRWAYS, JUST

DIAL.

New In Ban: NIL.

Out of Ban: NIL.

Future Call: Buy JSW STEEL June Futures between 340-342.80

zone. Targets: 351 and then at 363. Stop: 333 (JSW STEEL June

Futures CMP 343.15). Analyst’s Remark: Momentum Play.

Option Call: Sell INFOSYS June PE strike price 1240 at CMP 17.65.

Maximum Profit: Rs. 10800. Loss: Unlimited. Stop: Exit Put Option if

Infosys closes below 1211. (INFOSYS TECH June Futures CMP

1246.65).

10856.70 (+0.13%)

26642.80 (+0.13%)

12.635 (-0.75%)

-10 vs +04

2.47 crores (+4.22%)

28.74 lakhs (+7.66'%)

3519.59 2837.61

29082.3 27770.94

693000.92 489426

157921 14691.92

792152 52333.21

5755680 578868.68

655277 47107.11

7361030 693000.92

Calls in lakhs (%Change)

10900 30.7 (+3%)

11000 39.51 (-0.14%)

10800 28.19 (-5%)

Puts in lakhs (% Change)

10800 37.26 (-9%)

10700 51.88 (+13%)

10600 48.98 (-3%)

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 10856.7 10835.15 10813.6 10885.75 10914.8 10864.2 10389.77 UP

BANKNIFTY 26642.8 26572.18 26501.57 26739.43 26836.07 26668.82 25299.37 UP

NIFTYMID50 5038.5 5014.83 4991.17 5080.28 5122.07 5056.62 5130.56 DOWN

ACC 1330.95 1311.87 1292.78 1349.72 1368.48 1330.63 1638.19 DOWN

ADANIENT 129.15 127.42 125.68 131.77 134.38 130.03 151.98 DOWN

ADANIPORTS 382.85 378.97 375.08 389.37 395.88 385.48 398.8 DOWN

AJANTPHARM 1035.4 1020.28 1005.17 1050.23 1065.07 1035.12 1289.82 DOWN

ALBK 46.6 45.3 44 48.05 49.5 46.75 61.94 DOWN

AMARAJABAT 774.2 767.85 761.5 782.7 791.2 776.35 791.23 DOWN

ANDHRABANK 37.1 36.6 36.1 37.8 38.5 37.3 50.89 DOWN

APOLLOTYRE 275.1 273.23 271.37 277.98 280.87 276.12 262.78 UP

ARVIND 408.65 404.63 400.62 413.03 417.42 409.02 411.21 DOWN

ASHOKLEY 142.65 140.95 139.25 145.25 147.85 143.55 131.66 UP

ASIANPAINT 1286.4 1281.32 1276.23 1292.12 1297.83 1287.03 1176.74 UP

AUROPHARMA 584.9 576.17 567.43 600.07 615.23 591.33 658.09 DOWN

AXISBANK 540.65 534.4 528.15 549.35 558.05 543.1 532.72 UP

BAJAJ-AUTO 2907.95 2888.33 2868.72 2930.78 2953.62 2911.17 3051.44 DOWN

BAJAJFINSV 6074.8 6023.93 5973.07 6116.83 6158.87 6065.97 5277.13 UP

BAJFINANCE 2231.05 2213.97 2196.88 2259.87 2288.68 2242.78 1819.14 UP

BALKRISIND 1103 1091.97 1080.93 1120.77 1138.53 1109.73 1054.57 UP

BALRAMCHIN 71.2 70.53 69.87 72.18 73.17 71.52 123.27 DOWN

BANKBARODA 136.75 134.25 131.75 138.75 140.75 136.25 151.07 DOWN

BANKINDIA 102.7 100.83 98.97 104.73 106.77 102.87 141.2 DOWN

BATAINDIA 775.4 769.85 764.3 783.95 792.5 778.4 743.64 UP

BEL 119.2 117.72 116.23 121.47 123.73 119.98 159.5 DOWN

BEML 880.2 868.78 857.37 897.23 914.27 885.82 1406.52 DOWN

BERGEPAINT 285.95 283.75 281.55 287.75 289.55 285.55 260.64 UP

BHARATFIN 1179.2 1171.83 1164.47 1189.73 1200.27 1182.37 1035.18 UP

BHARATFORG 656.55 649.72 642.88 666.12 675.68 659.28 695.7 DOWN

BHARTIARTL 375.65 371.67 367.68 381.27 386.88 377.28 439.18 DOWN

BHEL 78.05 77.4 76.75 79.1 80.15 78.45 88.46 DOWN

BIOCON 612.15 605.7 599.25 622.2 632.25 615.75 518.84 UP

BPCL 419.9 415.18 410.47 423.03 426.17 418.32 467.13 DOWN

BRITANNIA 6017.15 5941.5 5865.85 6086.4 6155.65 6010.75 4870.7 UP

CANBK 280.35 277.67 274.98 283.57 286.78 280.88 318.53 DOWN

CANFINHOME 361.15 356.85 352.55 367.45 373.75 363.15 472.16 DOWN

CAPF 589.45 580.97 572.48 597.97 606.48 589.48 686.9 DOWN

CEATLTD 1373.45 1363.17 1352.88 1390.87 1408.28 1380.58 1663.64 DOWN

CENTURYTEX 930.9 922.25 913.6 944.5 958.1 935.85 1245.57 DOWN

CESC 1004.05 998.47 992.88 1010.77 1017.48 1005.18 1023.87 DOWN

CGPOWER 56.85 55.93 55.02 57.98 59.12 57.07 82.32 DOWN

CHENNPETRO 305.7 301 296.3 312.25 318.8 307.55 385.65 DOWN

CHOLAFIN 1601.1 1572.82 1544.53 1639.67 1678.23 1611.38 1351.74 UP

CIPLA 582.1 570.2 558.3 593.75 605.4 581.85 585.71 DOWN

COALINDIA 284 282.53 281.07 286.58 289.17 285.12 279.97 UP

COLPAL 1239 1222.13 1205.27 1254.13 1269.27 1237.27 1084.58 UP

CONCOR 1319.25 1308.28 1297.32 1336.93 1354.62 1325.97 1334.73 DOWN

CUMMINSIND 684.25 678.98 673.72 692.58 700.92 687.32 835.53 DOWN

DABUR 388.15 385.72 383.28 390.32 392.48 387.88 341.08 UP

DALMIABHA 2522.3 2497.17 2472.03 2547.27 2572.23 2522.13 2877.55 DOWN

DCBBANK 180 177.22 174.43 181.97 183.93 179.18 180.79 DOWN

DHFL 629.4 618.93 608.47 642.93 656.47 632.47 578.82 UP

DISHTV 73.3 70.88 68.47 76.08 78.87 73.67 75.51 DOWN

DIVISLAB 1040.3 1028.23 1016.17 1062.23 1084.17 1050.17 1022.58 UP

DLF 205 202.85 200.7 206.9 208.8 204.75 213.9 DOWN

DRREDDY 2256.3 2192.87 2129.43 2311.87 2367.43 2248.43 2228.14 UP

EICHERMOT 29448.6 29280.4 29112.2 29586.4 29724.2 29418.2 29817.88 DOWN

ENGINERSIN 134.5 132.73 130.97 137.53 140.57 135.77 166.05 DOWN

EQUITAS 151.75 150.1 148.45 154.55 157.35 152.9 151.35 UP

ESCORTS 915.45 908.37 901.28 927.27 939.08 920.18 796.64 UP

EXIDEIND 253.7 251.55 249.4 256.8 259.9 254.65 220.24 UP

FEDERALBNK 86.75 85.48 84.22 88.88 91.02 87.62 103.23 DOWN

FORTIS 138.45 137.07 135.68 140.02 141.58 138.63 146.58 DOWN

GAIL 344.85 340.97 337.08 347.07 349.28 343.18 333.47 UP

GLENMARK 571.4 559.63 547.87 591.53 611.67 579.77 572.67 DOWN

GMRINFRA 16.25 16.02 15.78 16.57 16.88 16.33 18.49 DOWN

GODREJCP 1169.1 1163.78 1158.47 1175.68 1182.27 1170.37 1019.79 UP

GODREJIND 609.45 605.98 602.52 613.88 618.32 610.42 584.51 UP

GRANULES 85.75 84.25 82.75 87.8 89.85 86.3 118.53 DOWN

GRASIM 1037 1031.2 1025.4 1043.1 1049.2 1037.3 1138.73 DOWN

GSFC 116.4 115.7 115 117.5 118.6 116.8 135.45 DOWN

HAVELLS 559.45 554.7 549.95 565.25 571.05 560.5 523.87 UP

HCC 15 14.8 14.6 15.25 15.5 15.05 31.68 DOWN

HCLTECH 923.7 916.57 909.43 928.32 932.93 921.18 912.87 UP

HDFC 1832.3 1820.52 1808.73 1850.17 1868.03 1838.38 1788.98 UP

HDFCBANK 2031.45 2018.77 2006.08 2049.47 2067.48 2036.78 1885.4 UP

HEROMOTOCO 3696.8 3680.9 3665 3710.8 3724.8 3694.9 3678.52 UP

HEXAWARE 435 429.7 424.4 442.65 450.3 437.35 349.56 UP

HINDALCO 245 240.7 236.4 248.25 251.5 243.95 246.08 DOWN

HINDPETRO 313.9 310.83 307.77 318.23 322.57 315.17 392.2 DOWN

HINDUNILVR 1621.2 1612.22 1603.23 1637.47 1653.73 1628.48 1346.94 UP

HINDZINC 301.4 298.95 296.5 304.25 307.1 301.8 307.28 DOWN

IBREALEST 172.6 170.53 168.47 175.83 179.07 173.77 212.36 DOWN

IBULHSGFIN 1210.05 1187.9 1165.75 1233.05 1256.05 1210.9 1246.05 DOWN

ICICIBANK 290.75 287.13 283.52 293.63 296.52 290.02 301.65 DOWN

ICICIPRULI 410.35 403.15 395.95 421.8 433.25 414.6 402.19 UP

ICIL 70.1 69.67 69.23 70.77 71.43 70.33 104.36 DOWN

IDBI 62.05 60.93 59.82 63.03 64.02 61.92 62.99 DOWN

IDEA 61.5 60.13 58.77 63.68 65.87 62.32 83.24 DOWN

IDFC 50.65 50.27 49.88 51.22 51.78 50.83 56.87 DOWN

IDFCBANK 43.75 42.98 42.22 44.43 45.12 43.67 52.69 DOWN

IFCI 17.15 16.9 16.65 17.45 17.75 17.2 23.14 DOWN

IGL 267.8 265.18 262.57 272.58 277.37 269.97 297.05 DOWN

INDIACEM 120.1 117.82 115.53 122.42 124.73 120.13 163.7 DOWN

INDIANB 363.95 359.08 354.22 371.98 380.02 367.12 330.91 UP

INDIGO 1218.95 1199.62 1180.28 1235.67 1252.38 1216.33 1224.97 DOWN

INDUSINDBK 1945.45 1932.4 1919.35 1963.65 1981.85 1950.6 1735.94 UP

INFIBEAM 153.9 151.6 149.3 156.45 159 154.15 155.15 DOWN

INFRATEL 300.5 297.33 294.17 302.93 305.37 299.77 360.85 DOWN

INFY 1274.8 1266.4 1258 1283.6 1292.4 1275.2 1059.63 UP

IOC 175.1 173.5 171.9 176.1 177.1 174.5 190.86 DOWN

IRB 236.4 234.5 232.6 238.55 240.7 236.65 230.87 UP

ITC 267.85 266.1 264.35 270.7 273.55 268.95 265.64 UP

JETAIRWAYS 392.3 387.53 382.77 398.53 404.77 393.77 624.8 DOWN

JINDALSTEL 245.9 243.68 241.47 248.73 251.57 246.52 208.3 UP

JISLJALEQS 101.2 100.37 99.53 102.47 103.73 101.63 111.36 DOWN

JPASSOCIAT 14.4 14.2 14 14.7 15 14.5 19.01 DOWN

JSWENERGY 73.75 73.13 72.52 74.78 75.82 74.17 79.87 DOWN

JSWSTEEL 343 339.57 336.13 345.97 348.93 342.53 284.97 UP

JUBLFOOD 2670.6 2644.37 2618.13 2713.37 2756.13 2687.13 1962.19 UP

JUSTDIAL 566.3 557.63 548.97 581.33 596.37 572.67 469.23 UP

KOTAKBANK 1325.65 1315 1304.35 1333.95 1342.25 1323.3 1084.15 UP

KPIT 276.95 272.33 267.72 284.48 292.02 279.87 192.13 UP

KSCL 563.85 536.73 509.62 582.48 601.12 555.37 524.3 UP

KTKBANK 120.25 119.38 118.52 121.48 122.72 120.62 140.22 DOWN

L&TFH 165.6 163.93 162.27 168.33 171.07 166.67 177.78 DOWN

LICHSGFIN 497 492.9 488.8 504.05 511.1 499.95 565.36 DOWN

LT 1358.75 1351.75 1344.75 1367 1375.25 1360 1276.65 UP

LUPIN 871.9 861.93 851.97 881.93 891.97 871.97 868.77 UP

M&M 917.65 914.47 911.28 921.12 924.58 917.93 745.03 UP

M&MFIN 487 483.33 479.67 492.88 498.77 489.22 455.24 UP

MANAPPURAM 107.35 106.32 105.28 108.87 110.38 107.83 107.69 DOWN

MARICO 337.05 334.03 331.02 342.13 347.22 339.12 315.6 UP

MARUTI 8967.35 8908.58 8849.82 9060.53 9153.72 9001.77 8683.17 UP

MCDOWELL-N 3432.85 3399.28 3365.72 3461.18 3489.52 3427.62 3153.14 UP

MCX 819.05 808.03 797.02 837.03 855.02 826.02 891.76 DOWN

MGL 829.05 822.93 816.82 839.23 849.42 833.12 1032.08 DOWN

MOTHERSUMI 309.4 305.97 302.53 314.87 320.33 311.43 344.55 DOWN

MRF 75048.05 74589.25 74130.45 75869.66 76691.26 75410.85 70108.81 UP

MRPL 94.3 91.95 89.6 96.5 98.7 94.15 119.98 DOWN

MUTHOOTFIN 388.1 383.05 378 396.3 404.5 391.25 440.89 DOWN

NATIONALUM 70.85 69.77 68.68 72.67 74.48 71.58 77.31 DOWN

NBCC 87.5 86.23 84.97 89.78 92.07 88.52 111.03 DOWN

NCC 108.5 106.08 103.67 112.53 116.57 110.12 114.02 DOWN

NMDC 115.65 114.73 113.82 117.08 118.52 116.17 127.75 DOWN

NTPC 160.25 159.62 158.98 161.27 162.28 160.63 171.65 DOWN

OFSS 4000.4 3966.7 3933 4022.05 4043.7 3988.35 3853.57 UP

ONGC 170 168.4 166.8 171.8 173.6 170.2 181.07 DOWN

ORIENTBANK 83.5 82.17 80.83 85.87 88.23 84.53 110.86 DOWN

PCJEWELLER 156.45 147.7 138.95 162.5 168.55 153.75 347.17 DOWN

PEL 2443.05 2413.12 2383.18 2470.87 2498.68 2440.93 2642.41 DOWN

PETRONET 217.3 215.2 213.1 220.2 223.1 218.1 239.6 DOWN

PFC 84.1 83.25 82.4 85.45 86.8 84.6 106.89 DOWN

PIDILITIND 1083.4 1065.87 1048.33 1096.12 1108.83 1078.58 912.48 UP

PNB 91.3 90.4 89.5 92.7 94.1 91.8 136.38 DOWN

POWERGRID 198.15 195.72 193.28 199.97 201.78 197.53 203.86 DOWN

PTC 85.3 84.57 83.83 85.97 86.63 85.23 106.19 DOWN

PVR 1417.8 1403.43 1389.07 1436.08 1454.37 1421.72 1352.53 UP

RAMCOCEM 738.05 729.88 721.72 750.53 763.02 742.37 749 DOWN

RAYMOND 987.6 975.9 964.2 1004.65 1021.7 992.95 967.61 UP

RBLBANK 557.65 548.37 539.08 568.47 579.28 559.18 509.65 UP

RCOM 16 15.57 15.13 16.67 17.33 16.23 20.44 DOWN

RECLTD 117.8 116.1 114.4 119.35 120.9 117.65 140.86 DOWN

RELCAPITAL 425.6 419.1 412.6 433.5 441.4 427 500.54 DOWN

RELIANCE 1002.5 992.7 982.9 1009.1 1015.7 999.3 911.03 UP

RELINFRA 439.65 435.7 431.75 445.1 450.55 441.15 465.32 DOWN

REPCOHOME 567.05 559.73 552.42 574.63 582.22 567.32 615.37 DOWN

RPOWER 35.75 35.33 34.92 36.43 37.12 36.02 40.87 DOWN

SAIL 87.9 86.6 85.3 90.15 92.4 88.85 76.67 UP

SBIN 287.7 284.35 281 290.35 293 287 280.15 UP

SHREECEM 16382.25 16234.53 16086.82 16515.48 16648.72 16367.77 17222.27 DOWN

SIEMENS 1023 1014.33 1005.67 1037.33 1051.67 1028.67 1182.93 DOWN

SOUTHBANK 24.95 24.8 24.65 25.15 25.35 25 28.44 DOWN

SREINFRA 74 72.83 71.67 75.68 77.37 74.52 94.65 DOWN

SRF 1838.4 1814.65 1790.9 1872.9 1907.4 1849.15 1857.01 DOWN

SRTRANSFIN 1507.3 1493.07 1478.83 1525.27 1543.23 1511.03 1337.16 UP

STAR 358.4 351.9 345.4 369.2 380 362.7 736.42 DOWN

SUNPHARMA 546.3 538.78 531.27 557.38 568.47 549.87 525.78 UP

SUNTV 932.75 924.57 916.38 945.47 958.18 937.28 893.72 UP

SUZLON 8.15 8.05 7.95 8.3 8.45 8.2 13.41 DOWN

SYNDIBANK 52 51.1 50.2 53.2 54.4 52.3 67.4 DOWN

TATACHEM 741.35 734.28 727.22 745.73 750.12 738.67 707.69 UP

TATACOMM 608.8 604.35 599.9 614.9 621 610.45 655.62 DOWN

TATAELXSI 1280.2 1269.77 1259.33 1293.92 1307.63 1283.48 996.35 UP

TATAGLOBAL 269.6 266.47 263.33 271.62 273.63 268.48 261.27 UP

TATAMOTORS 308.4 306.52 304.63 310.77 313.13 308.88 380.56 DOWN

TATAMTRDVR 185.05 182.7 180.35 187.7 190.35 185.35 216.41 DOWN

TATAPOWER 77.05 76.45 75.85 78 78.95 77.4 85.25 DOWN

TATASTEEL 567.6 561.13 554.67 578.93 590.27 572.47 661.26 DOWN

TCS 1824.1 1804.18 1784.27 1837.83 1851.57 1817.92 759.09 UP

TECHM 713.8 708.43 703.07 717.13 720.47 711.77 559.32 UP

TITAN 918.15 906.5 894.85 928.3 938.45 916.65 810.99 UP

TV18BRDCST 57.9 57.18 56.47 58.68 59.47 57.97 54.28 UP

TVSMOTOR 578.1 573.63 569.17 584.28 590.47 579.82 666.84 DOWN

UBL 1278.95 1267.97 1256.98 1292.42 1305.88 1281.43 1032.83 UP

UJJIVAN 396.7 393.5 390.3 401.9 407.1 398.7 372.59 UP

ULTRACEMCO 3800.6 3753.33 3706.07 3841.43 3882.27 3794.17 4115.69 DOWN

UNIONBANK 95.55 94.42 93.28 96.82 98.08 95.68 125.21 DOWN

UPL 687.55 683.03 678.52 693.03 698.52 688.52 751.65 DOWN

VGUARD 211.4 209.93 208.47 212.93 214.47 211.47 221.84 DOWN

VOLTAS 524.7 516.77 508.83 536.27 547.83 528.33 590.38 DOWN

WIPRO 268.8 267.1 265.4 270.25 271.7 268.55 290.76 DOWN

WOCKPHARMA 704.8 695.98 687.17 719.63 734.47 710.82 736.61 DOWN

YESBANK 333.2 330.83 328.47 336.23 339.27 333.87 331.48 UP

ZEEL 557.1 553.03 548.97 563.13 569.17 559.07 561.45 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 yesterday's trade, MCX Gold was seen consolidating. Bias continues to be positive. Interweek Strategy: Establish long positions on dips to 30250-30350 zone, targeting 31387 zone and then at 31600-31709 zone with stop at 29981.

Silver prices too were seen consolidating in yesterday's trade, unable to get any traction. Bias shifts to positive. Establish long positions between 39000-39100 zone, targeting 40001 and then at 40951-41001 zone with stop at 38251.

The biggest support level to watch is at 4211. Interweek strategy: Buy at CMP, targeting 4501 zone and then at 4811-4825 zone with stop at 4211.

Copper prices were seen trading with slight negative bias amidst profit booking. Support now seen at 473. Interweek strategy: Establish buy positions between 481-483 zone, targeting 501 and then at 505-511 zone with stop at 473.

Natural Gas prices were seen inching up in yesterday's trade amidst value buying. Key supports now at 187.05. Interweek strategy: Establish long positions between 195-197 zone, targeting 207.50 and then aggressive targets at 215-221 zone with stop at 185.45.

USD/INR was seen inching up in yesterday's trade amidst value buying. Key interweek support seen at 67.05. Hurdles now seen at 70.05. Interweek Strategy: Buy at CMP, targeting 68.45 and then aggressive targets at 70-70.05 zone with stop below 66.71.

31156 30251 29901 31387 31709 Positive

40839 39001 38251 40501 41001 Positive

4493 4305 4211 4611 4971 Positive

485 481 473 501 505 Positive

200.80 187.00 175.00 207.50 221.00 Positive

67.56 67.05 66.45 68.45 70.05 Positive

The technical landscape for MCX Copper continues to be positive. Buy on any corrective declines.

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 trades mostly lower after Fed hikes rates for second time in 2018.

In yesterday's trade, gold prices were seen trading in a range, struggling to inch up. Confirmation of strength only above 1309. Interweek strategy: Establish long positions at CMP, targeting 1309 zone and then at 1317-1321 zone with stop at 1283.

Silver was seen attempting a slight rebound, despite rangebound gold prices. Confirmation of strength only above 16.95. Interweek strategy: Establish long positions at CMP, targeting 17.45 and then at 17.75-18.01 zone with stop at 16.95.

Crude-Oil prices were seen inching up in yesterday's trade. Major hurdles now seen at 69.05. Interweek strategy: Buy at CMP, targeting 69 zone and then at 72.50-73.05 zone with stop at 64.05.

The EUR/USD was seen trading rangebound in yesterday's trade amidst value buying. 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 consolidating in yesterday's trade. Technically, bias shifts to neutral/negative. Hurdles at 95. Downside well supported at 92.50. Major weakness now below 92.50.

The Dow Jones Industrial Average was consolidating n yesterday's trade with investors focus shifting to Fed's meet outcome.Technically, hurdles seen at 26125.

1303 1295 1283 1309 1321 Neutral

16.99 16.09 15.75 17.45 18.01 Neutral

66.55 64.25 62.5 69.05 73.05 Neutral

1.1790 1.1505 1.4445 1.1901 1.2205 Neutral

93.60 92.05 89.25 95.00 97.50 Neutral

25275 23405 22501 25225 26125 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

156.35 155.5 154.65 157.6 158.85 141.42 157.7 DOWN

892.5 890 887.5 895 897.5 1048.93 849.75 UP

3846 3833 3820 3866 3886 4282.18 3939 DOWN

3286 3243 3200 3331 3376 4358.25 3509 DOWN

484.6 482.23 479.87 486.83 489.07 449.19 472.9 UP

23040 22886.67 22733.33 23136.67 23233.33 19857.95 22330 UP

4478 4440.33 4402.67 4519.33 4560.67 3933.5 4565 DOWN

31156 31084.67 31013.33 31217.67 31279.33 30070.57 30789 UP

7503 7432 7361 7587 7671 8608.54 7748 DOWN

3593.5 3571.67 3549.83 3618.67 3643.83 3975.99 3727 DOWN

16185 16048.33 15911.67 16283.33 16381.67 17927.7 16395 DOWN

166.55 165.73 164.92 167.93 169.32 160.24 163.4 UP

1123 1111.33 1099.67 1146.33 1169.67 1415.67 1247.7 DOWN

198.5 196.6 194.7 201.1 203.7 187.66 192.9 UP

1029 1021.33 1013.67 1036.63 1044.27 836.57 1012.1 UP

3907 3895 3883 3929 3951 3941.38 4007 DOWN

40691 40471.34 40251.67 40869.34 41047.67 39216.41 39634 UP

2709 2709 2709 2709 2709 3619.22 2651 UP

3326 3301.33 3276.67 3365.33 3404.67 3346.56 3508 DOWN

217.45 216.45 215.45 218.5 219.55 211.46 212.4 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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