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Welcome Note

Monday16th 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

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

16th July 2018.

SGX Nifty is struggling for direction this Monday morning primarily on backdrop of Infosys

Q1 which missed streets’ expectations after its margin contracted. Infosys' operating

margin, a key indicator for an IT firm's performance, declined 100 basis points despite

depreciation in Indian Rupee during the April-June quarter. Also, the key banking and

financial services vertical were seen underperforming.

Amidst this backdrop, Infosys’ ADR fell over 4% after it reported results on Friday.

The street will now anxiously eye Wipro & MindTree’s Q1 to trickle in this week.

At the time of writing, SGX Nifty was trading with slightly below the dotted lines, down 8

points at 11021.

Also unsettling the bulls’ camp would be the oil prices which have bounced back in Friday’s

trade following recent drubbing.

Meanwhile, the street is hoping that the two biggest economies in the world — U.S. and

China, will resolve their differences soon.

Our chat of the day says, at the moment there are more of headwinds than tailwinds.

This is a market which is seen rising despite all the negativities. The macro economic data

released last week were also not exciting:

A. Consumer Inflation zooming to 5% in June.

B. Industrial Production slipping to 3.2% in May.

CPI data released yesterday cements expectations of a hike in key interest rates by the

Reserve Bank of India as early as August. The RBI had last month announced a hike in repo

rate - the rate at which it lends to commercial banks - by 25 basis points, or 0.25 per cent,

marking the first increase in hike in more than four years

The street will now brace for the announcement of wholesale price inflation

(WPI) for June 2018 to be released today at around 12 noon.

What Technical Tells Us on Nifty: Nifty ended today’s session on a muted note, but the

benchmarks largely extended their gains on a weekly basis, up 2.31%, amidst global

rebound.

In Friday’s trade, the BSE Mid-Cap index fell 0.77%. The BSE Small-Cap index fell even

more, down 1.36%. Both these indices underperformed the Sensex.

Technically speaking, Nifty’s biggest hurdles’ are at its all-time-high at 11,171.55.

The must watch support levels are placed at 10941 & then at 10871. The technical

landscape will worsen only if Nifty slips below the 10,557 mark as that would open the door

to massive technical selling, possibly quickly to the 10,327-10,375 zone.

In today’s session, Nifty may most likely consolidate and the benchmark most probably will

struggle to move above 11,175 mark.

The price action for Nifty is suggesting that we are likely to see a 10,800-

11,301 range in near term with neutral bias.

Outlook for Monday: Nifty likely to consolidate

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

trading session.

11019 -0.04%

26936 -0.34%

11003 -0.32%

29630 -1.01%

3087 -0.81%

14535 0.13%

2863 -3.56%

4865 -1.34%

3287 -0.42%

9164 -0.87%

267 -1.69%

7206 -2.56%

36542 -0.02%

11022 -0.07%

Volatile session likely.

Neutral (10845-11001)

Neutral (10501-11201)

Neutral (12001)

10941 & 10871

11187 & 11501

10301



Technical Strategy


Global cues:

• In Friday’s trade at Wall Street, the Dow Jones index perched above the 25,000 level

for the first time in nearly a month while the technology-powered Nasdaq to a

record, underlining an uptrend that has been driven by signs of economic strength

and solid quarterly earnings. Friday’s moves marked the sixth positive session in the

past seven, suggesting that Wall Street was shaking off uncertainty surrounding

U.S-China trade policy.

For the week, the Dow ended higher 2.3%, the S&P rose 1.5%, while the Nasdaq

gained 1.8%.

Commodity Cues:

• In commodities, oil prices traded sharply higher as traders weighed concerns over

resurgent Libyan supply and global trade disputes against indications of tighter

crude supply and shrinking spare output capacity

• Gold futures finished slightly lower in Friday’s trade, languishing again at its lowest

finish since last August.

• Copper prices were seen languishing at its lowest level in a year.

• Soybean prices have hit a 10-year low. Prices are falling as a result of the escalating

trade war between the United States and China. China is the world's largest buyer of

American soybeans. Farmers in the United States sell about a third of their harvest

there. Soybeans are used both for cooking and for feeding livestock.

Currencies & Bonds:

• In Friday’s trade, the US Dollar index was seen struggling to move past the 95 mark.

• USD/INR was seen consolidating in Friday's trade with negative bias amidst profit

booking and strength in domestic stock markets. Key interweek support seen at

67.45. Hurdles now seen at 69.11. Confirmation of strength only above 69.11.

Macro Watch:

• China's GDP data for second quarter will be unveiled on Monday, July 16.

• The Monsoon session of Parliament is set to being from July 18 and 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.

• Today, all eyes will be on US President Donald Trump and Russian President Vladimir

Putin who are scheduled to meet in Helsinki (Monday, July 16). Geopolitical analysts

expect Putin to urge Trump to soften sanctions imposed over Ukraine, while Trump

has said he would press Putin on everything from allegations of meddling in the

2016 US election to the war in Syria.

Stocks To Watch:

• Our chart of the day suggests establishing short positions in stocks like

HINDALCO, BOSCH & CANARA BANK on any early strength.

• Bullish stocks: HDFC, JUBILANT FOODS, NIIT TECH, BERGER PAINTS,

MINDTREE, TATA ELXSI, BAJAJ FINANCE, MARICO, KPIT.

• Bearish stocks: CANARA BANK, HINDALCO, ICICI BANK, IDFC, DHFL, IDEA

CELLULAR, CANARA BANK, BOI.

• Show Me the Money: Sell BOSCH (CMP 17625): Overbought technical

conditions prevail for BOSCH. Major weakness below 17001. Intermonth Strategy:

Sell at CMP, targeting 17001 and then at 15001-15251 zone. Stop above 18901.

JUBILANT FOODS

Action

Target

Support

Resistance

Holding Period

1409

BUY

1451

1381/1355

1451/1505

9 Days.

In Friday’s trade, Jubilant Foods’ was seen trading

range bound, down 1.12%.

Technically, Jubilant Foods is signaling a major

breakout on the daily charts from a higher

consolidation zone.

The stock is in bullish position where it wants to

ascent from an higher conoldation zone. The

recent sequence of higher high/low is intact on all

time frames.

The momentum oscillators are in buy mode and

any move above 1451 will confirm the strength

zone and such up move needs to be backed by

increases in volumes.

Key support to watch in near term is at 1407 zone.

Medium term supports seen at 1355 zone.

Interweek perspective: Establish long positions

at CMP, targeting 1451 zone and then at 1501-

1505 zone with strict stop at 1403.



‘30,000 feet

view’: The big

picture of

Dalal Street


Q1 results to trickle in:

• Monday: HUL, Sintex Plastics

• Tuesday: ZEE Entertainment , Ashok Leyland, Federal Bank, ICICI Lombard, Rallies

India, Zee Entertainment

• Wednesday: Bandhan Bank, JK Tyre, JM Financial, Mindtree, RCOM, Ultratech

Cement.

• Thursday: Bajaj Finance, Bajaj Finserve, Kotak Mahindra Bank, RLB Bank, ABB

• Friday: Wipro, Bajaj Auto, MCX, HDFC Standard Life Insurance, HAVELLS, Kansai

Nerolac

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

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

The bulls have emerged triumphant in last week’s trade. Technically, fresh major buying

appetite above 11,175 mark.

Preferred trade on Nifty: Nifty (11019): Buy between 10941-10965 zone, targeting

11175 and then at 11245-11445 zone with stop at 10791.

Preferred trade on Bank Nifty: Bank Nifty (26936): Buy between 26750-26851 zone,

targeting 27251 and then at 27551-27751 zone with stop at 26451.

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 interweek risk is on the upside with immediate targets at 6505. Momentum oscillators signaling major strength. Interweek Strategy: Buy between 6255-6275 zone, targeting 6375 and then at 6501-6505 zone with stop below 6171.

HDFC is aiming to close above its key psychological 2000 mark. The sequence of higher high/low still intact on daily, weekly and monthly charts. Interweek Strategy: Buy between 1945-1955 zone, targeting 2009 and then more aggressive targets located at 2145-2151 zone. Stop below 1923.

Jubilant Foods is aiming to move above its 4-week higher consolidation zone. The sequence of higher high/low still intact on daily, weekly and monthly charts. Interweek Strategy: Buy at CMP, targeting 1451 and then more aggressive targets located at 1497-1503 zone. Stop below 1383.

JSW STEEL enjoyed strong session in last week's trade, up 2.50%. Key intraday support seen at 311. Intermonth Strategy: Buy at CMP, targeting 327-329 zone and then aggressive targets at 345-351 zone. Stop below 303.

MGL is seen breaking down from lower consolidation zone on daily charts. Technical conditions weakening. Major weakness below 773. Interweek Strategy: Sell between 813-817 zone, targeting 795 and then at 773-777 zone. Stop above 831.

HDFC: Accentuating the Positives. Buy on corrective declines.

BAJAJ FINSERVE

HDFC

JUBILANT FOODS

JSW STEEL

MGL

6324.45 6173 6075 6375 6505 Positive

1972.5 1931 1905 2009 2151 Positive

1408.7 1405 1383 1451 1503 Positive

316.25 311 305 329 351 Positive

806.35 795 773 823 845 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: Nifty ended Friday’s session on a muted note, but the benchmarks largely extended their

gains on a weekly basis, up 2.31%, amidst global rebound. Interestingly, the Mid-cap and the Small-cap segment did not even drop 0.50% in the

week gone by, yet looking at Nifty bullish moves, it feels like we have been drawn,

quartered and sprinkled with margarita salt. In Friday’s trade, the BSE Mid-Cap index fell 0.77%. The BSE Small-Cap index fell even

more, down 1.36%. Both these indices underperformed the Sensex.

Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE Consumer

Durables Index (up 0.91%), the BSE IT Index (down 0.34%), the BSE PSU index (down

1.02%).

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

Infrastructure Index (down 1.78%), BSE Realty Index (down 1.36%), BSE Teck Index

(down 0.67%).

Amongst stock specific action, positive bias was seen in stocks like Titan (up 3.74%),

BPCL (up 2.46%), Bajaj Finance (up 2.44%).

Among stocks drifting down were: ZEEL (down 4.54%), Infratel (down 3.76%), Axis

Bank (down 2.76%).

Judging by Friday’s trading action; the bias for Nifty continues to be positive, with targets

on Nifty are at its all-time-high at 11,172 mark.

Maximum Call Open Interest (OI) again stands at 11000 Strike Price, followed by 11100

Strike Price. A hint of call writing was seen in calls at Strike Prices 11050 to 11250.

Maximum Put OI contracts were seen at strike price 10,600 followed by 10,700 strike

price. Writing was seen in Puts between strikes prices 10700-11200.

As per Friday’s provisional data available on the NSE, Foreign institutional investors (FIIs)

sold shares worth Rs.1104.65 crore in this week. Domestic institutional investors bought

shares worth Rs 872 crore in the Indian equity market.

Highest OI Nifty: Calls 11000: 38.79 L - Puts 10600: 50.58 L

Highest OI Bank Nifty: Calls 27500: 7.81 L - Puts 26000: 8.76 L

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

Long Buildup: ADANI ENT, INFY, MARICO, KPIT, BAJFIN.

Short Buildup: NCC, PNB, BHEL, TATA GLOBAL, JINDLAL STEEL.

Short Covering: HUL, SAIL, COLPAL, HEXAWARE, AJANTPHAR

Long Unwinding: ARVIND, JETAIRWAYS, CAPF, NBCC.

Stocks banned in F&O segment for today: JET AIRWAYS.

New In Ban: NIL.

Out of Ban: NIL.

Future Call: SELL DLF JULY FUTURES at CMP 188.50. Targets:

182.50 and then at 174. Stop: 194. Holding Period: 0-3 days.

Analyst’s Remark: Breaking Down. (DLF July Futures CMP 188.50).

Option Call: Buy NIFTY JULY PE strike price 10900 at CMP 44.50.

Profit: Unlimited. Maximum Loss Per Lot: Rs. 3337.50. Stop: Exit Put

Option if Nifty moves above 11120. (Nifty July Futures CMP 11022).

11018.90 (-0.039%)

26935.95 (-0.34%)

12.3025 (-1.62%)

+05 vs -07

2.60 crores (+3.39%)

23.85 lakhs (+0.30%)

3194.92 2829.38

29592.37 30463.8

558122 1706179

179709 16521

783961 54412

4370280 425908

801396 61281

6135346 558122

Calls in lakhs (%Change)

11000 38.79 (+1%)

11100 27.08 (-6%)

11200 29.16 (+21%)

Puts in lakhs (% Change)

11000 34.27 (+29%)

10900 39.82 (+12%)

10800 45.08 (-2%)

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 11018.9 10988.65 10958.4 11060.25 11101.6 11030 10478.16 UP

BANKNIFTY 26935.95 26858.05 26780.15 27058.1 27180.25 26980.2 25520.87 UP

NIFTYMID50 4864.55 4829.73 4794.92 4923.18 4981.82 4888.37 5142.44 DOWN

ACC 1337.65 1322.67 1307.68 1358.82 1379.98 1343.83 1598.07 DOWN

ADANIENT 131.65 125.27 118.88 135.12 138.58 128.73 151.21 DOWN

ADANIPORTS 370.4 366.17 361.93 375.97 381.53 371.73 395.83 DOWN

AJANTPHARM 1027.1 1004.43 981.77 1042.38 1057.67 1019.72 1270.56 DOWN

ALBK 40.6 39.77 38.93 41.82 43.03 40.98 58.98 DOWN

AMARAJABAT 805.05 793.55 782.05 825.6 846.15 814.1 790.16 UP

ANDHRABANK 30.65 30.17 29.68 31.47 32.28 30.98 48.51 DOWN

APOLLOTYRE 269 261.5 254 273.25 277.5 265.75 263.72 UP

ARVIND 411.2 406.53 401.87 417.83 424.47 413.17 412.59 DOWN

ASHOKLEY 132.5 130.95 129.4 135.15 137.8 133.6 133.8 DOWN

ASIANPAINT 1367.8 1359.53 1351.27 1375.23 1382.67 1366.97 1186.91 UP

AUROPHARMA 602.15 593.15 584.15 611.2 620.25 602.2 643.61 DOWN

AXISBANK 523 514.63 506.27 536.18 549.37 527.82 534.22 DOWN

BAJAJ-AUTO 3138.65 3078.78 3018.92 3177.73 3216.82 3117.87 3049 UP

BAJAJFINSV 6324.45 6265.63 6206.82 6365.63 6406.82 6306.82 5332.69 UP

BAJFINANCE 2468.6 2435.53 2402.47 2488.33 2508.07 2455.27 1870.46 UP

BALKRISIND 1181.15 1158.95 1136.75 1216.55 1251.95 1194.35 1098.01 UP

BALRAMCHIN 67.5 66.43 65.37 69.03 70.57 67.97 111.7 DOWN

BANKBARODA 117.4 114.4 111.4 120.05 122.7 117.05 148.63 DOWN

BANKINDIA 81.7 79.88 78.07 84.48 87.27 82.67 135.01 DOWN

BATAINDIA 819.65 809.98 800.32 835.28 850.92 825.62 757.38 UP

BEL 103.8 101.47 99.13 107.42 111.03 105.08 152.43 DOWN

BEML 802.25 791.95 781.65 816.15 830.05 805.85 1300.98 DOWN

BERGEPAINT 299.8 296.53 293.27 303.53 307.27 300.27 264.24 UP

BHARATFIN 1175.45 1169.43 1163.42 1184.73 1194.02 1178.72 1062.68 UP

BHARATFORG 605.8 598.92 592.03 617.72 629.63 610.83 698.9 DOWN

BHARTIARTL 358.95 355.92 352.88 363.42 367.88 360.38 435.02 DOWN

BHEL 67.15 66.13 65.12 68.88 70.62 67.87 87.23 DOWN

BIOCON 599.25 590.17 581.08 612.97 626.68 603.88 549.65 UP

BPCL 386.65 378.3 369.95 392 397.35 383.65 453.86 DOWN

BRITANNIA 6475.1 6410.07 6345.03 6520.07 6565.03 6455.03 5079.42 UP

CANBK 231.75 227.35 222.95 239.05 246.35 234.65 309.06 DOWN

CANFINHOME 330 325.22 320.43 334.57 339.13 329.78 452.62 DOWN

CAPF 502.15 495.07 487.98 514.17 526.18 507.08 661.56 DOWN

CASTROLIND 159.2 156.82 154.43 161.77 164.33 159.38 189.57 DOWN

CEATLTD 1269.45 1254.02 1238.58 1291.87 1314.28 1276.43 1616.1 DOWN

CENTURYTEX 893.2 885.37 877.53 903.27 913.33 895.43 1204.91 DOWN

CESC 905.75 889.85 873.95 917.3 928.85 901.4 1012.4 DOWN

CHOLAFIN 1577.25 1557.55 1537.85 1591.95 1606.65 1572.25 1396.1 UP

CIPLA 626.7 622.6 618.5 632.4 638.1 628.3 590.97 UP

COALINDIA 267.8 265.85 263.9 270.2 272.6 268.25 281.8 DOWN

COLPAL 1160 1153.02 1146.03 1166.97 1173.93 1159.98 1105.57 UP

CONCOR 637.9 629.05 620.2 648.7 659.5 639.85 663.96 DOWN

CUMMINSIND 647.45 641.32 635.18 657.27 667.08 651.13 807.85 DOWN

DABUR 376.1 373.85 371.6 379.55 383 377.3 349.57 UP

DALMIABHA 2330.85 2305.28 2279.72 2352.13 2373.42 2326.57 2835.54 DOWN

DCBBANK 179.3 176.67 174.03 182.82 186.33 180.18 180.55 DOWN

DHFL 605.5 598.45 591.4 616.15 626.8 609.1 587.65 UP

DISHTV 73.4 72.68 71.97 73.98 74.57 73.27 74.85 DOWN

DIVISLAB 1108.3 1089.63 1070.97 1128.43 1148.57 1109.77 1053.99 UP

DLF 187.7 184.32 180.93 191.37 195.03 187.98 214.67 DOWN

DRREDDY 2319.85 2291.77 2263.68 2357.17 2394.48 2329.08 2239.22 UP

EICHERMOT 27529.15 27281.54 27033.92 27975.38 28421.62 27727.77 29464.09 DOWN

ENGINERSIN 123.1 119.62 116.13 128.42 133.73 124.93 162.79 DOWN

EQUITAS 137.75 136.03 134.32 140.63 143.52 138.92 148.69 DOWN

ESCORTS 908.7 890.93 873.17 920.73 932.77 902.97 822.58 UP

EXIDEIND 264.95 262.52 260.08 267.97 270.98 265.53 226.25 UP

FEDERALBNK 77.9 76.43 74.97 80.03 82.17 78.57 99.91 DOWN

FORTIS 147.8 142.72 137.63 151.17 154.53 146.08 145.19 UP

GAIL 356.85 353.92 350.98 359.87 362.88 356.93 343.15 UP

GLENMARK 565.3 559.17 553.03 573.27 581.23 567.13 570.89 DOWN

GMRINFRA 17.8 17.35 16.9 18.25 18.7 17.8 18.36 DOWN

GODREJCP 1309.65 1299.88 1290.12 1323.18 1336.72 1313.42 1055.32 UP

GODREJIND 584.5 577.37 570.23 595.32 606.13 588.18 582.79 UP

GRANULES 88.9 86.57 84.23 92.07 95.23 89.73 113.91 DOWN

GRASIM 935.35 922.7 910.05 957 978.65 944.35 1117.2 DOWN

GSFC 107.75 106.17 104.58 109.52 111.28 107.93 131.86 DOWN

HAVELLS 560.2 554.8 549.4 566.4 572.6 561 529.28 UP

HCC 11.35 11.05 10.75 11.75 12.15 11.45 29.08 DOWN

HCLTECH 983.35 973.63 963.92 995.43 1007.52 985.72 923.91 UP

HDFC 1972.5 1951.18 1929.87 1986.08 1999.67 1964.77 1802.82 UP

HDFCBANK 2180.9 2165.73 2150.57 2193.43 2205.97 2178.27 1917.83 UP

HDIL 19.45 18.97 18.48 19.97 20.48 19.48 45.62 DOWN

HEROMOTOCO 3455.9 3425.37 3394.83 3505.07 3554.23 3474.53 3638.92 DOWN

HEXAWARE 499.7 489.83 479.97 506.73 513.77 496.87 371.35 UP

HINDALCO 218.75 215.93 213.12 222.23 225.72 219.42 244.18 DOWN

HINDPETRO 270.2 264.6 259 274.75 279.3 269.15 372.24 DOWN

HINDUNILVR 1742.65 1727.75 1712.85 1753.8 1764.95 1738.9 1393.11 UP

HINDZINC 274.95 271.63 268.32 277.23 279.52 273.92 305.33 DOWN

IBREALEST 149.75 146.97 144.18 154.37 158.98 151.58 203.4 DOWN

IBULHSGFIN 1126.45 1114.42 1102.38 1146.07 1165.68 1134.03 1235.32 DOWN

ICICIBANK 267.75 264.77 261.78 272.02 276.28 269.03 300.24 DOWN

ICICIPRULI 361.7 355.75 349.8 365.45 369.2 359.5 398.55 DOWN

ICIL 75.9 73.18 70.47 80.43 84.97 77.72 99.29 DOWN

IDBI 57.3 53.68 50.07 59.38 61.47 55.77 62.93 DOWN

IDEA 53.35 52.57 51.78 54.42 55.48 53.63 80.43 DOWN

IDFC 45.05 44.27 43.48 46.37 47.68 45.58 55.57 DOWN

IDFCBANK 38.05 37.47 36.88 39.02 39.98 38.43 50.8 DOWN

IFCI 15.1 14.75 14.4 15.6 16.1 15.25 22.26 DOWN

IGL 252.9 248.63 244.37 260.53 268.17 256.27 295.34 DOWN

INDIACEM 106.8 104.02 101.23 110.92 115.03 108.13 155.63 DOWN

INDIANB 334.75 329.03 323.32 344.83 354.92 339.12 337.88 DOWN

INDIGO 1106.6 1088.42 1070.23 1131.82 1157.03 1113.63 1218.89 DOWN

INDUSINDBK 1923.75 1911.8 1899.85 1942.25 1960.75 1930.3 1763.56 UP

INFIBEAM 157.25 154.07 150.88 161.37 165.48 158.18 156.08 UP

INFRATEL 302.7 297.37 292.03 311.02 319.33 305.68 351.74 DOWN

INFY 1317.4 1299.97 1282.53 1333.22 1349.03 1315.78 1106.55 UP

IOC 159.1 156.45 153.8 161.05 163 158.4 185.11 DOWN

IRB 203.9 200.5 197.1 207.25 210.6 203.85 230.85 DOWN

ITC 270.4 266.97 263.53 276.07 281.73 272.63 267.12 UP

JETAIRWAYS 331.95 325.58 319.22 342.78 353.62 336.42 602.47 DOWN

JINDALSTEL 206.1 195.9 185.7 219.6 233.1 209.4 216.94 DOWN

JISLJALEQS 83.95 81.45 78.95 86.15 88.35 83.65 109.79 DOWN

JPASSOCIAT 15.5 14.88 14.27 16.28 17.07 15.67 18.4 DOWN

JSWENERGY 66.4 65.47 64.53 67.92 69.43 66.98 79.48 DOWN

JSWSTEEL 316.25 313.6 310.95 319.55 322.85 316.9 292.08 UP

JUBLFOOD 1408.7 1391.13 1373.57 1431.13 1453.57 1413.57 1055.05 UP

JUSTDIAL 571.3 561.08 550.87 585.53 599.77 575.32 488.91 UP

KOTAKBANK 1404.35 1389.1 1373.85 1415.75 1427.15 1400.5 1122.37 UP

KPIT 303.75 298.1 292.45 307.2 310.65 301.55 209.76 UP

KSCL 552.5 548.42 544.33 558.27 564.03 554.18 524.58 UP

KTKBANK 114.5 111.27 108.03 119.87 125.23 116.63 135.94 DOWN

L&TFH 147.25 144.48 141.72 151.93 156.62 149.17 172.76 DOWN

LICHSGFIN 500.95 493.63 486.32 507.13 513.32 499.82 546.29 DOWN

LT 1298.4 1284.1 1269.8 1315.85 1333.3 1301.55 1288.4 UP

LUPIN 865.6 854.72 843.83 884.57 903.53 873.68 858.72 UP

M&M 906.7 897.17 887.63 921.07 935.43 911.53 772.44 UP

M&MFIN 474.65 468.6 462.55 480.75 486.85 474.7 460.03 UP

MANAPPURAM 102.1 100.92 99.73 103.37 104.63 102.18 108.55 DOWN

MARICO 354.9 348.5 342.1 363.75 372.6 357.35 317.58 UP

MARUTI 9431.05 9363.87 9296.68 9496.62 9562.18 9429.43 8808.5 UP

MCDOWELL-N 607.95 598.72 589.48 614.82 621.68 605.58 646.14 DOWN

MCX 812.2 800.33 788.47 827.53 842.87 815.67 856.57 DOWN

MGL 806.8 798.97 791.13 819.32 831.83 811.48 1002.89 DOWN

MOTHERSUMI 288.2 285.47 282.73 292.97 297.73 290.23 341.23 DOWN

MRF 77059.75 76413.5 75767.25 77852.5 78645.25 77206.25 71354.45 UP

MRPL 78.1 76.58 75.07 80.03 81.97 78.52 114.46 DOWN

NATIONALUM 59 57.9 56.8 60.75 62.5 59.65 75.83 DOWN

NBCC 65.45 64.48 63.52 67.18 68.92 66.22 107.75 DOWN

NCC 88.6 84.93 81.27 94.98 101.37 91.32 115.28 DOWN

NMDC 99.75 97.58 95.42 102.93 106.12 100.77 125.14 DOWN

NTPC 152.95 151.4 149.85 155 157.05 153.45 170.12 DOWN

OFSS 3938.3 3882.93 3827.57 3980.58 4022.87 3925.22 3909.15 UP

OIL 205 201.82 198.63 209.92 214.83 206.73 231.37 DOWN

ONGC 154.1 152.12 150.13 157.57 161.03 155.58 180.86 DOWN

ORIENTBANK 70.95 69.57 68.18 72.77 74.58 71.38 105.09 DOWN

PCJEWELLER 119.9 116.48 113.07 124.83 129.77 121.42 323.67 DOWN

PEL 2519.45 2488.3 2457.15 2541.3 2563.15 2510.15 2616.05 DOWN

PETRONET 212 209.4 206.8 216.7 221.4 214.1 238.02 DOWN

PFC 70.6 69.13 67.67 73.03 75.47 71.57 104.25 DOWN

PIDILITIND 1064.5 1053.25 1042 1083.55 1102.6 1072.3 937.31 UP

PNB 73.85 72.55 71.25 75.75 77.65 74.45 129.55 DOWN

POWERGRID 181.75 180.88 180.02 182.98 184.22 182.12 201.03 DOWN

PTC 73.1 71.9 70.7 74.15 75.2 72.95 101.76 DOWN

PVR 1211.2 1135.8 1060.4 1350.5 1489.8 1275.1 1359.6 DOWN

RAMCOCEM 657.65 651.62 645.58 667.07 676.48 661.03 746.82 DOWN

RAYMOND 885.6 873.5 861.4 904.3 923 892.2 976.91 DOWN

RBLBANK 570.6 564.82 559.03 577.87 585.13 572.08 512.73 UP

RCOM 13 12.63 12.27 13.53 14.07 13.17 19.59 DOWN

RECLTD 96.45 94.67 92.88 99.57 102.68 97.78 138.91 DOWN

RELCAPITAL 368.45 363.07 357.68 375.17 381.88 369.78 465.81 DOWN

RELIANCE 1099.8 1083.53 1067.27 1112.53 1125.27 1096.27 931.46 UP

RELINFRA 384.8 378.13 371.47 391.38 397.97 384.72 455.44 DOWN

REPCOHOME 583.35 576.83 570.32 588.63 593.92 582.12 606.68 DOWN

RPOWER 31.1 30.53 29.97 31.98 32.87 31.42 39.94 DOWN

SAIL 74.8 73.9 73 75.8 76.8 74.9 78.84 DOWN

SBIN 257.75 255.57 253.38 261.17 264.58 258.98 279.28 DOWN

SHREECEM 17129.55 16941.15 16752.75 17301.85 17474.15 17113.45 17262.41 DOWN

SIEMENS 972.15 963.32 954.48 985.67 999.18 976.83 1149.4 DOWN

SOUTHBANK 21.6 21.12 20.63 22.22 22.83 21.73 27.74 DOWN

SREINFRA 61.45 60.38 59.32 62.58 63.72 61.52 89.3 DOWN

SRF 1650.45 1632.97 1615.48 1678.97 1707.48 1661.48 1876.25 DOWN

SRTRANSFIN 1253.8 1224.83 1195.87 1272.23 1290.67 1243.27 1370.88 DOWN

STAR 373.3 364.65 356 380.3 387.3 371.65 675.61 DOWN

SUNPHARMA 559.75 555.53 551.32 565.48 571.22 561.27 533.8 UP

SUNTV 785.75 776.93 768.12 795.28 804.82 786.47 896.96 DOWN

SUZLON 7.4 7.3 7.2 7.55 7.7 7.45 12.43 DOWN

SYNDIBANK 39.4 38.43 37.47 40.33 41.27 39.37 64.92 DOWN

TATACHEM 706.1 700 693.9 716.2 726.3 710.1 718.62 DOWN

TATACOMM 601.15 588.12 575.08 619.07 636.98 606.03 647.09 DOWN

TATAELXSI 1429.8 1414.93 1400.07 1448.78 1467.77 1433.92 1049.21 UP

TATAGLOBAL 258.9 255.72 252.53 263.92 268.93 260.73 268.4 DOWN

TATAMOTORS 263.6 261.07 258.53 267.77 271.93 265.23 368.39 DOWN

TATAMTRDVR 150.2 148.23 146.27 153.18 156.17 151.22 209.95 DOWN

TATAPOWER 70.15 69.33 68.52 70.73 71.32 69.92 84.43 DOWN

TATASTEEL 558.6 553.73 548.87 562.73 566.87 557.87 635.7 DOWN

TCS 1981.1 1970.77 1960.43 1994.67 2008.23 1984.33 1513.31 UP

TECHM 641.05 632.7 624.35 652.2 663.35 643.85 585.21 UP

TITAN 838.7 811.57 784.43 853.92 869.13 826.78 837.36 UP

TV18BRDCST 46.6 45.82 45.03 47.72 48.83 46.93 55.56 DOWN

TVSMOTOR 584.4 573.2 562 591.05 597.7 579.85 664.67 DOWN

UBL 1193.95 1172.7 1151.45 1207.6 1221.25 1186.35 1077.49 UP

UJJIVAN 378.75 374.63 370.52 383.98 389.22 379.87 375.77 UP

ULTRACEMCO 3963.75 3934.42 3905.08 4008.67 4053.58 3979.33 4083.03 DOWN

UPL 562.55 547.1 531.65 579.75 596.95 564.3 730.82 DOWN

VEDL 210.45 208.55 206.65 212.9 215.35 211 297.42 DOWN

VGUARD 191.85 188.28 184.72 197.68 203.52 194.12 222.82 DOWN

VOLTAS 534.75 527.4 520.05 545.65 556.55 538.3 589.43 DOWN

WIPRO 280.85 276.13 271.42 287.68 294.52 282.97 287.48 DOWN

WOCKPHARMA 628.8 620.5 612.2 635.35 641.9 627.05 741.03 DOWN

YESBANK 376 368.77 361.53 381.77 387.53 374.53 329.64 UP

ZEEL 508.7 497.37 486.03 529.27 549.83 517.93 563.77 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 drifting. Bias continues to be neutral. Confirmation of strength above 30901. Interweek Strategy: Establish long positions above 30701, targeting 31101 zone and then at 31501-31751 zone with stop at 29701.

Silver prices too were seen drifting with slight negative bias. Buying advised only above 40445. Establish long positions above 39951 zone, targeting 41001 and then at 41501-41751 zone with stop at 38641.

Bias on crude-oil continues to be neutral. Key support seen at 4627. Confirmation of strength above 5173. Interweek strategy: Buy between 4625-4701 zone, targeting 4951 zone and then at 5105-5150 zone with stop at 4601.

Copper prices were seen drifting in Friday's trade. Support now seen at 401. Confirmation of strength only above 451. Interweek strategy: Establish sell positions on strength between 431-433 zone, targeting 411 and then at 401-405 zone with stop at 451.

Natural Gas prices were seen drifting in Friday's trade. Key supports now at 185. Interweek strategy: Establish long positions above 205, targeting 211 and then aggressive targets at 217-223 zone with stop at 185.

USD/INR was seen consolidating in Friday's trade. Key interweek support seen at 67.45. Hurdles now seen at 69.11. Interweek Strategy: Buy between 68.21-68.30 zone, targeting 69.11 and then aggressive targets at 70-70.05 zone with stop below 67.45.

30105 30001 29701 30701 31750 Neutral

39045 39001 38641 39951 41751 Neutral

4907 4627 4501 4951 5173 Neutral

423 411 401 433 451 Neutral

189.40 185.00 179.00 205.00 225.00 Neutral

68.52 68.21 67.45 69.11 70.05 Neutral

USD/INR: Positive bias. Aggressive targets seen at 70.05. Buying on corrective declines should be the preferred strategy.

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; Dow reclaims 25,000 mark, Nasdaq ends at record as earnings get under way.

In Friday's trade, gold prices slipped amidst profit booking. Confirmation of strength only above 1268. Interweek strategy: Establish long positions only above 1253, targeting 1268 zone and then at 1271-1275 zone with stop at 1225.

Silver prices were seen drifting in Friday's trade, tracking weakness in gold prices. Confirmation of strength only above 16.45. Interweek strategy: Establish long positions only above 16.45 zone, targeting 17.05 and then at 17.95-18.01 zone with stop at 15.05.

Crude-Oil prices flared up in Friday's trade amidst value buying. Major hurdles now seen at 75.05 zone. Interweek strategy: Buy between 68-69 zone, targeting 72.50 zone and then at 74.45-75.05 zone with stop at 67.05.

The EUR/USD was seen drifting 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 traded range bound in yesterday's trade. Technically, bias shifts to neutral/positive. Hurdles at 97.50. Downside well supported at 92.50. Major weakness now below 92.50. Upside targets now at 99.

The Dow Jones Industrial Average rose in Friday's trade on upbeat economic reports and signs that the U.S. and China, the two biggest economies in the world, are open to resolving their differences has helped to refresh buying appetite.

1242 1239 1225 1253 1268 Neutral

15.83 15.75 15.05 16.45 17.09 Neutral

70.58 67.45 65 72.5 75.05 Neutral

1.1686 1.1505 1.4445 1.1901 1.2205 Neutral

94.68 92.50 89.25 97.50 99.00 Positive

25019 23405 22501 25505 26125 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

139.35 138.25 137.15 140.6 141.85 139.5 142.72 DOWN

1029.5 1019 1008.5 1040 1050.5 1029.5 1029.96 DOWN

4477 4458 4439 4498 4519 4479 4235.21 DOWN

3939 3911.67 3884.33 3965.67 3992.33 3938.33 4067.86 UP

422.7 419.63 416.57 424.93 427.17 421.87 451.25 DOWN

22900 22800 22700 23020 23140 22920 20289.4 DOWN

4884 4809 4734 4933 4982 4858 4118.88 UP

30105 30018.33 29931.67 30187.33 30269.67 30100.67 30164.11 UP

8452 8329.33 8206.67 8596.33 8740.67 8473.67 8581.7 DOWN

4005 3948 3891 4048 4091 3991 3968.11 DOWN

18440 18343.33 18246.67 18518.33 18596.67 18421.67 17697.92 UP

151 149.12 147.23 152.12 153.23 150.23 161.15 UP

1603.4 1565.1 1526.8 1622.6 1641.8 1584.3 1426.21 DOWN

189.6 188.2 186.8 192 194.4 190.6 188.1 UP

953.4 946.03 938.67 966.03 978.67 958.67 868.01 UP

4078 4056 4034 4095 4112 4073 3967.68 UP

39046 38801.34 38556.67 39322.34 39598.67 39077.67 39132.43 UP

2709 2709 2709 2709 2709 2709 3619.22 DOWN

3537 3499 3461 3601 3665 3563 3386.99 DOWN

177.8 175.37 172.93 179.27 180.73 176.83 210.96 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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