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Welcome Note

Monday02nd 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 first trading day of the week, month, quarter, and the second

half of 2018 at Dalal Street, dated 2nd July 2018.

This Monday morning, SGX Nifty is seen quiet indicating that Dalal Street will consolidate

Friday’s spectacular gains. Focus will immediately shift to Auto stocks as their June sales

data will start to tickle in. Keep an eye on stocks like Maruti Suzuki, Tata Motors, TVS Motor,

Ashok Leyland, Hero MotoCorp, Bajaj Auto, Eicher Motors, Escorts etc.

Also commanding attention would be on the list of Chemical manufacturer Fine Organic

Industries & railways consultancy firm RITES, which are set to debut on bourses on

Monday.

Going forward, the six key catalysts dictating trend at Dalal Street would be:

1. The progress on monsoon. Monsoon rainfall was% lower than normal so far in June,

but in some states such as Gujarat the rainfall deficit was as high as 93%, data

compiled by the state-run India Meteorological Department (IMD) showed.

Monsoon’s progress and this should definitely keep investors on their feet.

2. The street will also brace for June quarter earnings, which will kick off in the second

week of July.

3. The depreciating Indian Rupee.

4. Boiling crude-oil prices.

5. Carnage in mid-cap and small cap stocks.

6. Ratcheting up of trade tensions by U.S. President Donald Trump.

Our call of the day suggests caution should be the buzzword on any early strength on

backdrop of ongoing uncertainty surrounding trade policies.

We suspect, the big investors’ camp are unlikely to make big bets at our stock markets on

the buy side primarily on backdrop of rising interest rate environment. The optimism out

there is definitely punctuated and most importantly volatility will be back with vengeance.

Well, looking at front page headlines, volatility is likely to stick around for a while as the

prospect of hawkish RBI and then aggressive Fed action may throw the markets a

curveball.

The Fed remains on a path of higher interest rates and balance sheet run-off, providing

support for the U.S. dollar and this theme could work as negative catalyst for our stock

markets.

Expect the recent negative moves at Dalal Street, notably in the mid-cap and small-cap

segment to continue.

Agreed, forecasting exactly when a bear market might hit is extremely difficult to do with

precision, but judging by last week’s trading action at Dalal Street, we suspect, there is a

bear lurking much closer to us than most think.

It makes sense to continue wearing the perma-bear’s cap. Downside risk on Nifty now

seen towards 10327-10355 zone. Confirmation of weakness below 10567.

Bottomline: Dalal Street to trade cautiously as at the moment, there seem to be more of

headwinds than tailwinds.

What Technical Tells Us on Nifty: In Friday’s trade, the benchmark Nifty logged

modest gains, up 125 points at 10714. Nifty halted its two-day decline and most

importantly, the market breadth, indicating the overall health of the market, was

remarkably strong. The BSE Mid-Cap index rose 1.81%. The BSE Small-Cap index rose

1.92%. Both these indices outperformed the Sensex.

10714 1.18%

26364 0.15%

10709 0.72%

28966 1.95%

3052 -0.27%

13989 0.83%

3035 1.02%

4851 2.03%

3440 2.81%

9173 0.26%

272 2.43%

7177 2.37%

35423 1.10%

10694 0.02%

Rangebound session likely.

Neutral (10611-10741)

Neutral (10301-11001)

Neutral (11301)

10613 & 10557

10777 & 10821

10301



Technical Strategy


But the key positive takeaway was that after a higher open, Nifty firmed up

further as the session advanced and ended on a strong note.

Technically speaking, the landscape has deteriorated in last week’s trade as

Nifty could not move above its key hurdles at 10851 mark. In the near term, the

make or break intraday support levels on Nifty are at 10,557 mark. The technical

landscape will worsen only if Nifty slips below the 10557 mark as that would open the door

to massive technical selling, possibly quickly to the 10327-10375 zone.

In today’s session, Nifty may most likely trade lackluster and the benchmark most

probably will repeatedly move between positive and negative territory. Buying advised

only above Nifty 10851 mark.

The price action for Nifty is suggesting that we are likely to see a 10,327-10900

range in near term with negative bias. Hence, establishing short positions on any

intraday strength with strict stop above 10911 should be the preferred trading strategy for

the day.

Outlook for Monday: Sell on excessive intraday strength.

Caution is likely to be the buzzword and is likely to be the order of the day as worldwide

investors are not entirely convinced that trade wars have disappeared below the horizon.

Dampening sentiments are also the unabated selling from the foreign funds (FIIs) camp.

Commodity Cues:

• In commodities, oil prices rose again on Friday, fast approaching the $75 a barrel

mark, supported by Canadian production losses and uncertainty over Libyan

exports. The U.S. also wants its allies to halt imports of Iranian oil by November.

Oil is holding ground at its highest levels since 2014 in the wake of the biggest

weekly decline of the year for domestic crude supplies.

• Gold prices continued to languish near the six-month low despite the U.S. dollar

drifting lower in Friday’s trade. Gold futures logged a second quarter drop of more

than 5%.

Currencies & Bonds:

• In Friday’s trade, the US Dollar index was seen in demand, rebounding from a lower

start to the week, following reports that the White House forewent the harshest

measure to curb Chinese investments in favor of a less confrontational approach.

• USD/INR was seen drifting in Friday's trade amidst profit booking. Key interweek

support seen at 67.45. Hurdles now seen at 69.11. Interweek Strategy: Buy

between 67.95-68.05 zone, targeting 69.11 and then aggressive targets at 70-

70.05 zone with stop below 67.41.

Macro Watch:

• As per Friday’s report, the U.S Inflation moved higher in May while consumer

spending continued to show strength. The Federal Reserve’s preferred inflation

gauge over the past 12 months rose to 2.3%, the fastest pace since March 2012.

The core inflation rate hit 2%, the Fed’s long-run target, for the first time since April

2012.

Also note that the growth in the U.S. economy in the first quarter was trimmed to

2% from 2.2%. This should largely reflect negativity and could be another reason

for investors to feel cautious.

BANK NIFTY

Action

Target

Support

Resistance

Holding Period

26364

SELL

25001

26001/24901

26945/27101

21 Days.

In yesterday’s trade, Bank Nifty was seen trading

range bound, up 0.15%.

Technically, Bank Nifty is signaling a major

breakdown on the daily charts from a higher

consolidation zone.

The index is in bearish position where it wants to

descent from overbought technical conditions.

The recent sequence of lower high/low is intact

on intraday charts.

The momentum oscillators are likely to shift on

sell side only on any move below 26001 zone and

such down move needs to be backed by increases

in volumes.

Key support to watch in near term is at 26001

zone. Medium term supports seen at 24901 zone.

Establish short positions at CMP, targeting 26001

zone and then at 24901-25101 zone with strict

stop at 26701.



‘30,000 feet

view’: The big

picture of

Dalal Street


• Amongst macro data, the street will react to Foreign Exchange Reserves data for the

week ended June 29 that was released on Friday. Deposit and bad loan growth

numbers for the week ended June 22 were also declared on Friday. The street will

also react cautiously to the oil prices which rallied on Friday, up 1.09% at 74.25.

Stocks To Watch:

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

INDIA BULLS HOUSING FINANCE & MANAPPURAM.

• Bullish stocks: BHARAT FINANCIAL, INDUSIND BANK, JUBILANTFOODS,

TATA ELXSI, BRITANNIA, BAJAJ FINANCE, BIOCON, MARICO.

• Bearish stocks: ICICI BANK, AXIS BANK, BOSCH, INDIGO, LIC HOUSING

FINANCE, NALCO, BANK OF BARODA, BANK OF INDIA, BHEL, JAIN IRRIGATION,

KARNATAKA BANK, L&T FINANCIAL, LARSEN, MANAPURAM, NALCO, OBC, PNB,

TATA COMMUNICATION, UPL.

• Show Me the Money: Sell MANAPPURAM (CMP 98.60): Manappuram ended on a

weak note in last week’s trade. Key intraday support seen at 92.50. Interweek

Strategy: Sell between 100-102 zone, targeting 92.50 and then at 87.50-89 zone.

Stop above 105.45.

• Infosys to announce June-quarter results on July 13

• JSW Steel invests $1 billion in US plants, hints at more

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

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

Brace yourself as sentiments have definitely got rattled and expect our benchmark Nifty to

behave erratically — up and down hundreds of points in a single day.

For the day, on backdrop of weak technical structure, selling on any sharp corrective

strength should be the preferred trading strategy.

Preferred trade on Nifty: Nifty (10714): Sell between 10745-10777 zone, targeting

10557 and then at 10327-10355 zone with stop at 10851.

Preferred trade on Bank Nifty: Bank Nifty (26634): Sell at CMP, targeting 26001 zone

and then at 24901-25101 zone with strict stop at 27201.

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 9125. Momentum oscillators signaling major strength. Interweek Strategy: Buy at CMP, targeting 9001 and then at 9109-9125 zone with stop below 8731.

Tata Elxsi enjoyed a strong session in Friday's trade, up 3.83%. Key intraday support seen at 1290. Interweek Strategy: Buy between 1301-1311 zone, targeting 1357 and then at 1381-1401 zone. Stop below 1289.

The sequence of higher highs/lows intact in all time frames. Momentum oscillators continue to be positive. Interweek Strategy: Establish long positions between 1365-1371 zone, targeting 1405 and then aggressive targets located at 1225-1431 zone. Stop below 1345.

The stock is signaling a major breakdown from a higher consolidation on daily charts. Confirmation of weakness below 16975. Interweek Strategy: Establish short positions between 17601-17701 zone, targeting 16975 and then aggressive targets located at 15736-16001 zone. Stop above 18377.

Manappuram ended on a weak note in last week's trade. Selling on strength should continue to be the preferred strategy. Downsise risk at 92.50. Interweek Strategy: Sell between 101-102.50 zone, targeting 92.50 and then at 87.50-89 zone. Stop above 105.45.

TATA ELXSI: Swing traders get ready, Your favorite stock (TATA ELXSI) is aiming a major breakout.

MARUTI

TATA ELXSI

JUBILANT FOODS

BOSCH

MANAPPURAM

8821 8775 8677 9001 9125 Positive

1335 1290 1271 1357 1401 Positive

1387 1365 1345 1405 1431 Positive

17488 16975 15736 17911 18377 Negative

98.6 92.5 87.5 102.5 105.05 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:

In Friday’s trade, the benchmark Nifty logged modest gains, up 125 points at 10714. Nifty

halted its two-day decline and most importantly, the market breadth, indicating the overall

health of the market, was remarkably strong.

The BSE Mid-Cap index rose 1.81%. The BSE Small-Cap index rose 1.92%. Both these indices

outperformed the Sensex.

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

index (up 2.94%), the BSE Metal index (up 2.82%), the BSE Capital Goods index (up 2.80%),

the BSE Oil & Gas index (up 2.78%), the BSE Utilities index (up 2.65%), the BSE Energy index

(up 2.51%), the BSE Industrials index (up 2.36%), the BSE Realty index (up 2.21%), the BSE

Basic Materials index (up 2.20%), the BSE FMCG index (up 1.95%), the BSE Telecom index (up

1.90%), the BSE Power index (up 1.85%) and the BSE Consumer Discretionary Goods &

Services index (up 1.14%).

Amongst the sectoral indices, underperforming the Sensex/Nifty were BSE IT index (up

0.95%), the BSE Teck index (up 0.93%), the BSE Auto index (up 0.68%), the BSE Healthcare

index (up 0.59%), the BSE Finance index (up 0.58%) and the BSE Bankex (up 0.43%.

Amongst stock specific action, positive bias was seen in stocks like GAIL (up 6.48%), TITAN (up

5.04%), Hindalco (up 4.28%).

Among stocks drifting down were: DR. REDDY (down 2.64%), INDUSIND BANK (down

1.80%), TECHM (down 1.32%).

Judging by Friday’s trading action, the bias for Nifty shifts to neutral, with key downside support

to watch is at 10551 mark. Below 105541, expect Nifty to slip towards 10327-10351 zone.

Hurdles to watch are at 10821 mark. Confirmation of strength only above 10821 mark. Selling

on excessive strength should continue be the preferred trading strategy.

Maximum Call Open Interest (OI) stands at 11000 Strike Price, followed by 10800 Strike Price.

Call buying was seen mostly at the Strike Prices from 10,700-10,800.

Maximum Put OI contracts were seen at strike price 10,600 followed by 10,500 strike price. Put

writing was the theme for Friday for almost all strike prices ranging from 10000-10700.

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

shares worth Rs.157.15 crore. Domestic institutional investors, on the other hand, bought

shares worth Rs 2262.83 crore in the Indian equity market.

Highest OI Nifty: Calls 11000: 33.30 L - Puts 10600: 45.68 L

Highest OI Bank Nifty: Calls 27000: 5.26 L - Puts 25500: 7.02 L

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

Long Buildup: EXIDE, GAIL, BATA, LUPIN.

Short Buildup: JAIN IRRIGATION, DHFL, TECHM, SRTFIN, HEROMOTO.

Short Covering: ASHOK LEYLAND, SAIL, L&TFH, NALCO, KTKBANK.

Long Unwinding: HDFC BANK, PEL.

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

New In Ban: NIL.

Out of Ban: NIL.

Future Call: BUY PETRONET JULY FUTURES at CMP 218.20.

Targets: 223 and then at 233. Stop: 212. Holding Period: 0-3 days.

Analyst’s Remark: Rebound Play. (Petronet July Futures CMP

218.20).

Option Call: Buy ICICI BANK JULY CE strike price 280 at CMP 6.60.

Profit: Unlimited. Maximum Loss: Rs. 18150. Stop: Exit Call Option if

ICICI Bank moves below 261. (ICICI Bank July Futures CMP 273.95).

10714.30 (+1.18%)

26364.20 (+0.15%)

12.9375 (-7.24%)

-24 vs -14

1.97 crores (+5.29%)

19.30 lakhs (-0.12%)

3509.05 2649.48

29376.44 37876.39

435467 1955856

217898 19377

734660 48758

3488536 336593

436402 30739

4877496 435467

Callsin lakhs (%Change)

10700 24.26 (-2%)

10800 28.44 (+7%)

11000 33.3 (+11%)

Putsin lakhs (% Change)

10600 45.68 (+30%)

10500 30.2 (+9%)

10700 20.5 (+17%)

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 10714.3 10643.42 10572.53 10754.12 10793.93 10683.23 10439.69 UP

BANKNIFTY 26364.2 26282.03 26199.87 26455.68 26547.17 26373.52 25428.21 UP

NIFTYMID50 4850.7 4800.43 4750.17 4878.53 4906.37 4828.27 5142.33 DOWN

UP

ACC 1339.9 1305.18 1270.47 1366.43 1392.97 1331.72 1619.57 DOWN

ADANIENT 113.15 110.77 108.38 114.87 116.58 112.48 151.92 DOWN

ADANIPORTS 373.15 362.33 351.52 380.68 388.22 369.87 397.56 DOWN

AJANTPHARM 982.7 968.5 954.3 994.45 1006.2 980.25 1280.04 DOWN

ALBK 41.8 41.07 40.33 42.47 43.13 41.73 60.43 DOWN

AMARAJABAT 726.15 719.42 712.68 734.72 743.28 727.98 789.42 DOWN

ANDHRABANK 32.7 31.75 30.8 33.55 34.4 32.6 49.8 DOWN

APOLLOTYRE 254 250.22 246.43 258.32 262.63 254.53 263.62 DOWN

ARVIND 398.7 391.93 385.17 402.63 406.57 395.87 412.66 DOWN

ASHOKLEY 125.8 124.53 123.27 127.13 128.47 125.87 133.12 DOWN

ASIANPAINT 1264.45 1254.03 1243.62 1272.98 1281.52 1262.57 1182.17 UP

AUROPHARMA 607.1 599.23 591.37 612.23 617.37 604.37 650.26 DOWN

AXISBANK 510.8 501.53 492.27 517.28 523.77 508.02 533.7 DOWN

BAJAJ-AUTO 2810.3 2744.3 2678.3 2852.15 2894 2786.15 3049.81 DOWN

BAJAJFINSV 5821.1 5775.17 5729.23 5899.87 5978.63 5853.93 5305.77 UP

BAJFINANCE 2296.35 2271.3 2246.25 2320.7 2345.05 2295.65 1847.16 UP

BALKRISIND 1041.5 1019.8 998.1 1057.1 1072.7 1035.4 1081.77 DOWN

BALRAMCHIN 64.35 63.2 62.05 65.7 67.05 64.55 117.08 DOWN

BANKBARODA 112.65 111.48 110.32 114.48 116.32 113.32 150.06 DOWN

BANKINDIA 87.5 85.95 84.4 88.6 89.7 87.05 138.22 DOWN

BATAINDIA 859.4 838.07 816.73 872.67 885.93 851.33 751.9 UP

BEL 108.65 105.6 102.55 110.5 112.35 107.45 155.71 DOWN

BEML 809.3 783.9 758.5 825.8 842.3 800.4 1351.36 DOWN

BERGEPAINT 281 276.07 271.13 285.47 289.93 280.53 262.61 UP

BHARATFIN 1156.5 1145 1133.5 1176.15 1195.8 1164.65 1051.35 UP

BHARATFORG 612.7 604.9 597.1 618.1 623.5 610.3 698.61 DOWN

BHARTIARTL 381.95 377.07 372.18 385.07 388.18 380.18 436.67 DOWN

BHEL 71.75 70.75 69.75 72.55 73.35 71.55 88.16 DOWN

BIOCON 619.55 608.63 597.72 626.18 632.82 615.27 535.98 UP

BPCL 373.3 363.8 354.3 380.85 388.4 371.35 460.19 DOWN

BRITANNIA 6213.75 6131.38 6049.02 6277.03 6340.32 6194.67 4979.2 UP

CANBK 251.55 248.47 245.38 255.22 258.88 252.13 313.81 DOWN

CANFINHOME 339.95 335.47 330.98 344.62 349.28 340.13 463.54 DOWN

CAPF 516.65 509.4 502.15 528.75 540.85 521.5 675.97 DOWN

CASTROLIND 163.7 160.75 157.8 166.95 170.2 164 191.11 DOWN

CEATLTD 1258.15 1243.77 1229.38 1270.77 1283.38 1256.38 1639.82 DOWN

CENTURYTEX 888.7 879.2 869.7 902.35 916 892.85 1224.46 DOWN

CESC 912.05 893.37 874.68 924.37 936.68 905.68 1019.36 DOWN

CGPOWER 55.95 54.62 53.28 57.27 58.58 55.93 80.6 DOWN

CHENNPETRO 304.05 293.67 283.28 311.22 318.38 300.83 377.29 DOWN

CHOLAFIN 1512.6 1476.7 1440.8 1545.7 1578.8 1509.8 1377.59 UP

CIPLA 616.65 604.4 592.15 624.4 632.15 612.15 588.19 UP

COALINDIA 264.35 260.5 256.65 266.7 269.05 262.85 281.3 DOWN

COLPAL 1184.85 1163.6 1142.35 1197 1209.15 1175.75 1104.42 UP

CONCOR 652.25 620.98 589.72 670.53 688.82 639.27 665.33 DOWN

CUMMINSIND 647.65 636.67 625.68 658.07 668.48 647.08 821.23 DOWN

DABUR 391.45 387.67 383.88 394.07 396.68 390.28 346.16 UP

DALMIABHA 2280.05 2248.52 2216.98 2313.07 2346.08 2281.53 2858.99 DOWN

DCBBANK 164.55 162.35 160.15 166.5 168.45 164.3 181.41 DOWN

DHFL 637.55 632.53 627.52 645.03 652.52 640.02 585.44 UP

DISHTV 71.8 71.13 70.47 72.23 72.67 71.57 75.08 DOWN

DIVISLAB 1038.6 1013.57 988.53 1053.07 1067.53 1028.03 1044.05 DOWN

DLF 188.8 186.35 183.9 191.15 193.5 188.7 214.67 DOWN

DRREDDY 2235.05 2210.7 2186.35 2271.7 2308.35 2247.35 2239.11 DOWN

EICHERMOT 28590.45 28397.37 28204.28 28786.17 28981.88 28593.08 29670.76 DOWN

ENGINERSIN 124.2 122.25 120.3 125.45 126.7 123.5 164.33 DOWN

EQUITAS 135.85 134.35 132.85 137.35 138.85 135.85 149.84 DOWN

ESCORTS 871.65 846.5 821.35 885.4 899.15 860.25 811.55 UP

EXIDEIND 258.3 251 243.7 262.3 266.3 255 223.96 UP

FEDERALBNK 81.85 79.87 77.88 83.02 84.18 81.03 101.6 DOWN

GAIL 340.25 324.33 308.42 352.48 364.72 336.57 340.84 DOWN

GLENMARK 583.05 577.03 571.02 587.03 591.02 581.02 572.26 UP

GMRINFRA 15.3 15.07 14.83 15.62 15.93 15.38 18.4 DOWN

GODREJCP 1225.7 1211.55 1197.4 1238.35 1251 1224.2 1038.71 UP

GODREJIND 623.7 602.83 581.97 637.28 650.87 616.42 583.86 UP

GRANULES 80.55 78.87 77.18 81.67 82.78 79.98 115.97 DOWN

GRASIM 1006.85 997.7 988.55 1015.5 1024.15 1006.35 1129.23 DOWN

GSFC 104.55 101.63 98.72 106.23 107.92 103.32 133.44 DOWN

HAVELLS 543.35 529.07 514.78 551.67 559.98 537.38 526.86 UP

HCC 12.25 11.15 10.05 13.05 13.85 11.95 30.33 DOWN

HCLTECH 926.25 916.82 907.38 932.22 938.18 922.78 920.03 UP

HDFC 1908.1 1883.07 1858.03 1923.07 1938.03 1898.03 1795.19 UP

HDFCBANK 2108.45 2095.7 2082.95 2130.6 2152.75 2117.85 1903.5 UP

HDIL 20.75 20.18 19.62 21.23 21.72 20.67 47.72 DOWN

HEROMOTOCO 3473.5 3441.58 3409.67 3520.18 3566.87 3488.27 3657.09 DOWN

HEXAWARE 458.15 448.55 438.95 464.7 471.25 455.1 361.21 UP

HINDALCO 230.5 224.03 217.57 234.48 238.47 228.02 245.24 DOWN

HINDPETRO 259.2 254.67 250.13 265.62 272.03 261.08 381.68 DOWN

HINDUNILVR 1641.15 1616.07 1590.98 1655.62 1670.08 1630.53 1371.34 UP

HINDZINC 274.5 269.65 264.8 279.25 284 274.4 306.7 DOWN

IBREALEST 156.4 149.3 142.2 160.65 164.9 153.55 207.9 DOWN

IBULHSGFIN 1142.5 1129.73 1116.97 1154.53 1166.57 1141.77 1242.16 DOWN

ICICIBANK 275.4 271.33 267.27 277.73 280.07 273.67 301.09 DOWN

ICICIPRULI 377.3 371.77 366.23 381.47 385.63 375.93 400.92 DOWN

ICIL 61.85 59.87 57.88 64.07 66.28 62.08 101.49 DOWN

IDBI 54.9 51.83 48.77 56.88 58.87 53.82 63.08 DOWN

IDEA 59.35 56.83 54.32 60.83 62.32 58.32 81.69 DOWN

IDFC 46.2 44.68 43.17 47.28 48.37 45.77 56.34 DOWN

IDFCBANK 38.85 38.42 37.98 39.62 40.38 39.18 51.81 DOWN

IFCI 14.85 14.58 14.32 15.08 15.32 14.82 22.67 DOWN

IGL 254.3 245.9 237.5 259.3 264.3 250.9 296.92 DOWN

INDIACEM 105.7 104 102.3 106.9 108.1 105.2 159.52 DOWN

INDIANB 343.7 338.9 334.1 348.55 353.4 343.75 334.74 UP

INDIGO 1088.5 1063.83 1039.17 1119.43 1150.37 1094.77 1222.28 DOWN

INDUSINDBK 1932.2 1914.83 1897.47 1964.28 1996.37 1946.92 1752.57 UP

INFIBEAM 153.45 151.6 149.75 156.35 159.25 154.5 155.74 DOWN

INFRATEL 300.55 294.78 289.02 307.13 313.72 301.37 355.75 DOWN

INFY 1307.2 1288.63 1270.07 1320.38 1333.57 1301.82 1085.91 UP

IOC 156 153.8 151.6 158.2 160.4 156 187.7 DOWN

IRB 210.9 204.78 198.67 215.23 219.57 209.12 231.27 DOWN

ITC 266.2 261.82 257.43 269.07 271.93 264.68 267.04 DOWN

JETAIRWAYS 346.9 333.1 319.3 355.3 363.7 341.5 612.93 DOWN

JINDALSTEL 223.05 214.63 206.22 228.83 234.62 220.42 213.51 UP

JISLJALEQS 76.8 73.93 71.07 79.98 83.17 77.12 110.92 DOWN

JPASSOCIAT 16.05 15.75 15.45 16.4 16.75 16.1 18.57 DOWN

JSWENERGY 65.6 64.5 63.4 66.8 68 65.7 79.99 DOWN

JSWSTEEL 326.8 323.6 320.4 329.15 331.5 325.95 289.36 UP

JUBLFOOD 1386.45 1369.43 1352.42 1399.18 1411.92 1382.17 1018.88 UP

JUSTDIAL 555.05 544.27 533.48 562.42 569.78 551.63 480.01 UP

KOTAKBANK 1342.95 1332.17 1321.38 1356.87 1370.78 1346.08 1104.62 UP

KPIT 271.75 267.38 263.02 274.48 277.22 270.12 201.68 UP

KSCL 557.55 545.93 534.32 564.48 571.42 552.87 525.01 UP

KTKBANK 109.7 107.17 104.63 111.17 112.63 108.63 138.02 DOWN

L&TFH 151.65 149.48 147.32 153.38 155.12 151.22 175.5 DOWN

LICHSGFIN 468.65 463.4 458.15 474.9 481.15 469.65 554.61 DOWN

LT 1275.1 1246.12 1217.13 1291.02 1306.93 1262.03 1285.52 DOWN

LUPIN 903.8 893.67 883.53 913.87 923.93 903.73 863.78 UP

M&MFIN 469.65 461.1 452.55 475.1 480.55 466.55 458.07 UP

MANAPPURAM 98.5 97.1 95.7 99.4 100.3 98 108.78 DOWN

MARICO 331.65 328.28 324.92 335.13 338.62 331.77 316.71 UP

MARUTI 8825.6 8750.6 8675.6 8900.3 8975 8825.3 8749.92 UP

MCDOWELL-N 664.95 657.57 650.18 672.02 679.08 664.63 640.38 UP

MCX 731.05 724.55 718.05 737.5 743.95 731 873.47 DOWN

MGL 829.55 804.67 779.78 846.72 863.88 821.83 1018.14 DOWN

MOTHERSUMI 284.7 281.28 277.87 286.88 289.07 283.47 343.31 DOWN

MRF 74974.45 73715.69 72456.92 75815.23 76656.02 74556.47 70757.64 UP

MRPL 81.05 78.6 76.15 82.5 83.95 80.05 117.21 DOWN

MUTHOOTFIN 379.5 375.97 372.43 383.72 387.93 380.18 435.54 DOWN

NATIONALUM 64.7 63.05 61.4 65.6 66.5 63.95 76.78 DOWN

NBCC 74.95 73.57 72.18 75.82 76.68 74.43 109.67 DOWN

NCC 96.05 93 89.95 97.85 99.65 94.8 114.88 DOWN

NMDC 108.1 104.92 101.73 109.87 111.63 106.68 126.48 DOWN

NTPC 159.65 155.2 150.75 162.5 165.35 158.05 170.88 DOWN

OFSS 4074.7 4009.82 3944.93 4164.77 4254.83 4099.88 3888.82 UP

OIL 209.85 203.93 198.02 213.48 217.12 207.57 231.91 DOWN

ONGC 158.4 155.25 152.1 160.45 162.5 157.3 181.24 DOWN

ORIENTBANK 75.65 72.95 70.25 77.5 79.35 74.8 107.96 DOWN

PCJEWELLER 136.75 135.3 133.85 138.45 140.15 137 334.5 DOWN

PEL 2536.3 2508.7 2481.1 2580.45 2624.6 2552.85 2632.45 DOWN

PETRONET 219.2 210.88 202.57 224.03 228.87 215.72 238.75 DOWN

PFC 77.3 74.9 72.5 78.9 80.5 76.5 107.08 DOWN

PIDILITIND 1063.5 1042.02 1020.53 1076.97 1090.43 1055.48 925.7 UP

PNB 76.15 74.35 72.55 77.15 78.15 75.35 132.85 DOWN

POWERGRID 186.85 183.85 180.85 190.1 193.35 187.1 202.53 DOWN

PTC 75.75 72.93 70.12 77.73 79.72 74.92 104.27 DOWN

PVR 1374.3 1345.63 1316.97 1410.98 1447.67 1382.32 1356.41 UP

RAMCOCEM 702.4 690.95 679.5 708.95 715.5 697.5 749.12 DOWN

RAYMOND 916.9 900.65 884.4 927.5 938.1 911.25 975.55 DOWN

RBLBANK 552.05 544.83 537.62 557.08 562.12 549.87 510.75 UP

RCOM 13.75 13.33 12.92 14.28 14.82 13.87 19.95 DOWN

RECLTD 104.65 101.42 98.18 107.12 109.58 103.88 142.21 DOWN

RELCAPITAL 387.75 382.63 377.52 394.43 401.12 389.32 483.66 DOWN

RELIANCE 972.45 955.8 939.15 982.3 992.15 965.65 922.77 UP

RELINFRA 391.75 385.83 379.92 401.08 410.42 395.17 460.74 DOWN

REPCOHOME 552.8 541.53 530.27 563.43 574.07 552.17 610.25 DOWN

RPOWER 32 31.45 30.9 32.75 33.5 32.2 40.5 DOWN

SAIL 83 81.58 80.17 84.28 85.57 82.87 77.95 UP

SBIN 259.35 257.22 255.08 262.47 265.58 260.33 279.77 DOWN

SHREECEM 15554.2 15371.63 15189.07 15783.38 16012.57 15600.82 17359.06 DOWN

SIEMENS 980.35 961.23 942.12 993.73 1007.12 974.62 1169.2 DOWN

SOUTHBANK 22.3 21.82 21.33 22.57 22.83 22.08 28.12 DOWN

SREINFRA 62.15 61.1 60.05 63.8 65.45 62.75 91.68 DOWN

SRF 1696.6 1659.07 1621.53 1720.57 1744.53 1683.03 1871.78 DOWN

SRTRANSFIN 1299.45 1272.73 1246.02 1335.43 1371.42 1308.72 1363.62 DOWN

STAR 394.55 389.3 384.05 400.6 406.65 395.35 704.63 DOWN

SUNPHARMA 564 558.8 553.6 570.55 577.1 565.35 531.09 UP

SUNTV 782.3 775.77 769.23 791.02 799.73 784.48 898.68 DOWN

SUZLON 7.5 7.35 7.2 7.7 7.9 7.55 12.89 DOWN

SYNDIBANK 40.95 39.87 38.78 41.62 42.28 40.53 66.27 DOWN

TATACHEM 697.85 688.4 678.95 704.15 710.45 694.7 715.27 DOWN

TATACOMM 592.75 579.37 565.98 601.07 609.38 587.68 652.03 DOWN

TATAELXSI 1334.7 1304.73 1274.77 1352.33 1369.97 1322.37 1024.09 UP

TATAGLOBAL 269.35 264.65 259.95 272.1 274.85 267.4 265.35 UP

TATAMOTORS 269.3 264.47 259.63 272.32 275.33 267.48 375.29 DOWN

TATAMTRDVR 158.65 156.98 155.32 160.13 161.62 158.47 213.7 DOWN

TATASTEEL 567.75 555.93 544.12 574.68 581.62 562.87 655.98 DOWN

TCS 1847.75 1837.57 1827.38 1862.67 1877.58 1852.48 1480.43 UP

TECHM 655.45 634.47 613.48 676.12 696.78 655.13 575.15 UP

TITAN 878.5 842.43 806.37 898.18 917.87 862.12 826.46 UP

TV18BRDCST 52.75 51.95 51.15 53.45 54.15 52.65 55.26 DOWN

TVSMOTOR 552.85 546.4 539.95 560.75 568.65 554.3 668.25 DOWN

UBL 1151.4 1135.27 1119.13 1162.77 1174.13 1146.63 1058.93 UP

UJJIVAN 377.25 371.27 365.28 380.97 384.68 374.98 374.29 UP

ULTRACEMCO 3818.6 3745.63 3672.67 3860.98 3903.37 3788.02 4095.88 DOWN

UNIONBANK 81.95 80.42 78.88 83.22 84.48 81.68 122.26 DOWN

VEDL 236.2 230.18 224.17 240.03 243.87 234.02 302.3 DOWN

VGUARD 196.1 193.5 190.9 198.3 200.5 195.7 222.79 DOWN

VOLTAS 523.8 513.27 502.73 530.12 536.43 519.58 590.03 DOWN

WIPRO 261.5 256.83 252.17 264.33 267.17 259.67 288.64 DOWN

WOCKPHARMA 641 631.18 621.37 647.73 654.47 637.92 740.91 DOWN

YESBANK 339.65 332.28 324.92 344.38 349.12 337.02 330.28 UP

ZEEL 543.95 536.25 528.55 549.55 555.15 541.85 563.6 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 trading rangebound. Bias continues to be neutral. Confirmation of strength above 31251. Interweek Strategy: Establish long positions at CMP, targeting 31001 zone and then at 31201-31251 zone with stop at 29991.

Silver prices too were seen trading range bound. Bias continues to be neutral. Establish short positions between 40251-40501 zone, targeting 39481 and then at 38641-38701 zone with stop at 40701.

The biggest support level to watch is at 4609. Interweek strategy: Buy only on dips between 4901-4925 zone, targeting 5105 zone and then at 5445-5505 zone with stop at 4821.

Copper prices were seen drifting down in Friday's trade. Support now seen at 437.50. Confirmation of strength only above 469. Interweek strategy: Establish buy positions at CMP, targeting 469 and then at 483-485 zone with stop at 436.

Natural Gas prices were seen slipping in Friday's trade amidst profuit booking. Key supports now at 185. Interweek strategy: Establish long positions at CMP, targeting 207 and then aggressive targets at 217-223 zone with stop at 195.

USD/INR was seen drifting in Friday's trade amidst profit booking. Key interweek support seen at 67.45. Hurdles now seen at 69.11. Interweek Strategy: Buy between 67.95-68.05 zone, targeting 69.11 and then aggressive targets at 70-70.05 zone with stop below 67.41.

30436 30251 30001 31251 31750 Neutral

39247 39001 38641 40451 41751 Neutral

5089 4901 4609 5105 5505 Positive

446 438 421 469 477 Neutral

200.90 197.50 185.00 207.00 225.00 Positive

68.47 68.21 67.45 69.11 70.05 Positive

MCX CRUDE OIL moves up further. Intraday hurdles seenn at 5105. Positive bias.

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 finishes higher on Friday, but post weekly losses.

In Friday's trade, gold prices were seen trading with negative bias. Confirmation of strength only above 1268. Interweek strategy: Establish long positions above 1268 zone, targeting 1297 zone and then at 1307-1313 zone with stop at 1245.

Silver prices were seen trading subdued, tracking negative moves in gold prices. Confirmation of strength only above 17.05. Interweek strategy: Establish long positions between 15.90-16.01 zone, targeting 17.05 and then at 17.95-18.01 zone with stop at 15.05.

Crude-Oil prices continued its rise in Friday's trade amidst value buying. Major hurdles now seen at 75-77.50 zone. Interweek strategy: Buy between 70-71 zone, targeting 75 zone and then at 77-77.50 with stop at 69.45.

The EUR/USD was seen rebounding in Friday's trade amidst value buing and oversold conditions. 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 slipping in Friday's trade amidst profit booking from higher levels. Technically, bias continues to be positive. Hurdles at 97.50. Downside well supported at 92.50. Major weakness now below 92.50. Upside targets now at 99.

In Friday's trade, the Dow Jones Industrial Average was seen broadly reversing its recent loss as fears of a full-blown global trade war eased after U.S. President Donald Trump softened his harsh tone on Chinese investments in the U.S. Also, window dressing was the theme. Technically, hurdles seen at 26125. Negative bias.

1254 1245 1239 1268 1297 Neutral

16.15 15.75 15.05 17.05 18.01 Neutral

74.25 70.05 65.05 75 77.5 Neutral

1.1683 1.1505 1.4445 1.1901 1.2205 Neutral

94.47 92.50 89.25 97.50 99.00 Positive

24271 23405 22501 25505 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

149.7 147.68 145.67 150.78 151.87 142.47 152.25 DOWN

994.7 986.6 978.5 1006.4 1018.1 1038.26 956.3 UP

4193 4130 4067 4238 4283 4246.54 4069 UP

3470 3437.67 3405.33 3492.67 3515.33 4182.37 3509 DOWN

446.15 444.07 441.98 449.62 453.08 450.86 459.97 DOWN

22630 22156.67 21683.33 22866.67 23103.33 20083.8 20475 UP

5086 5029 4972 5124 5162 4034.38 4820 UP

30432 30357 30282 30506 30580 30123.34 30810.5 DOWN

8171 7929 7687 8349 8527 8561.26 7366 UP

3855 3760 3665 3941 4027 3957.9 3546 UP

18500 18075 17650 18770 19040 17752.92 16792.5 UP

166.7 165.2 163.7 167.8 168.9 161.29 168.95 DOWN

1376.5 1245.57 1114.63 1441.97 1507.43 1414.62 787.3 UP

200.8 199.73 198.67 202.33 203.87 188.15 196 UP

1022.3 1017.2 1012.1 1028.1 1033.9 854.17 1060.3 DOWN

3981 3955.33 3929.67 4002.33 4023.67 3951.25 3984 DOWN

39228 39020.34 38812.67 39385.34 39542.67 39155.82 40065 DOWN

2709 2709 2709 2709 2709 3619.22 2651 UP

3566 3509.67 3453.33 3598.67 3631.33 3364.73 3402 UP

202.15 199.5 196.85 203.55 204.95 211.94 204.75 DOWN



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

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

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

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