Comfort Securities Limited Daily Research Reports · 2018-10-17 · Disclosures and Disclaimer :...

Disclosures and Disclaimer : This report must be read with the disclosures in the Disclosure appendix, and with the Disclaimer, which forms part of it. This document does not contain any investment views or opinions.

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Welcome Note

Wednesday17th October, 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 Wednesday's trading action at Dalal Street, dated

17th of October 2018.

It is really amazing how fast our stock markets have recovered after the recent bloodbath

from 28th August to 7th October.

Momentum investing is now back at Dalal Street.

We repeat, good things will come only to those market participants who are on the long

side. Our call of the day suggests sea of green on trading screens in today's trade.

Well, that optimism is on backdrop of oversold conditions. Overnight, Wall Street's

spectacular close is also driving investors 'sentiment. U.S. stocks rallied on upbeat

earnings reports and robust economic data, and most importantly helped Wall Street to

shake off Mondays weakness.

The Dow Jones Industrial Average jumped 547.87 points, or 2.2%, to 25,798.42,

recording its biggest point gain since March.

Amidst this positive backdrop, we see some evidence of a sentimental shift in investor

sentiment. Our stock markets are likely to zoom in today's trade despite the street battling

a flurry of threats like:

1. Unabated foreign fund outflows.

2. Boiling Oil prices.

3. The weakening India Rupee.

4. U.S China trade war.

5. Rising U.S 10- year treasury notes.

6. A slowdown in China.

7. European political woes.

8. Geopolitical tensions. (Saudi Arabia- U.S.)

Long story short: Blink, and you’ll miss it.

Outlook for Wednesday: Dalal Street to build on positive

momentum.

Early action at SGX Nifty is indicating that Dalal Street is set zoom, indicating an upbeat

session on cards.

All eyes will be on INFY's stock price after the reported a muted Q2 and the

stock could see a lukewarm response from D-Street in today's trade.

Meanwhile, the other prominent firms announcing Q2 this week are

• Wednesday: ACC, CYIENT, DCBBANK, HAVELLS, MINDTREE, MPHASIS, NIITTECH,

RELIANCE.

• Thursday: MPHASIS, MUTHTFN

• Friday: ULTRACEMCO

• Saturday: HDFCBANK, NELCO

STOCKS TO WATCH:

• Our chart of the day suggests establishing long positions in stocks like SRF, DLF and

MCX with interweek perspective. Blink, and you’ll miss DLF, SRF and MCX's remarkable

recovery! Aggressive targets on DLF, SRF and MCX at 175, 1901 and 901 respectively.

• Bullish stocks: SRF, DLF and MCX, GAIL, SUN PHARMA, AUROBINDO PHARMA,

BIOCON, VOLTAS, ESCORTS, JUBILANT FOODS, YES BANK, BAJAJ FINANCE.

10585 0.69%

25590 0.79%

9103 0.76%

28498 0.59%

2911 0.82%

14887 0.61%

2607 0.25%

4649 1.24%

3432 0.24%

9837 0.64%

212 1.02%

6234 2.00%

35162 0.85%

10694 1.03%

Buy on dips.

Positive (10545-10721)

Neutral (10100-11101)

Neutral (11901)

10529 & 10471

10775 & 11101

9750



Technical Strategy


• Bearish stocks: HCC, TATA MOTORS, RCOM.

Show Me the Money: Buy SRF (1776): SRF is aiming to move above its 5-day

higher consolidation zone. Interweek Strategy: Buy at CMP, targeting 1825 and

then more aggressive targets located at 1899-1901 zone. Stop below 1739.

• Stocks banned in F&O segment for today: IDBI, ADANI POWER

• Infosys reported in-line results for the quarter ended September on Tuesday. The

net profit came in line with estimates, while it was a miss on margins.

GLOBAL CUES:

• Overnight at Dalal Street, the Dow Jones Industrial Average rallied almost 550

points on upbeat earnings and robust economic data, marking the biggest one-day

percentage gain since late March. A round of upbeat results Tuesday from

heavyweights including Goldman Sachs Inc., UnitedHealthGroup and Morgan

Stanley helped set the tone.

FII/DII & OPTIONS DATA:

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

1165.63 crores in the Indian Equity Market. DIIs bought shares worth Rs. 1059.44

crores in the Indian Equity market.

• As per option data, key resistance level for the October series for Nifty are at 11,000

strike price as maximum call open interest of 47.28 lakh contracts were seen at the

11,000 strike price. Key support level for the October series is at 10,000 as

Maximum Put open interest of 35.78 lakh contracts was seen at the 10,000 strike

price.

COMMODITY CUES:

• Crude oil prices gained marginally on Tuesday after the American Petroleum

Institute reported that U.S. crude supplies fell by 2.1 million barrels for the week

ended Oct. 12, according to sources. The recent sequence of higher highs/lows

remains intact. Interweek strategy: Establish long positions between 5205-5225

zone, targeting 5445 zone and then aggressive targets at 5751 with stop at 5100.

• Copper prices were seen trading rangebound in yesterday's trade. Interweek

strategy: Establish long positions only on dips between 447-449 zone, targeting 465

mark and then at 479 with stop at 429.

• Gold price ended slightly lower in Tuesday's trade. Key medium term suppport seen

at 31201 mark. Interweek strategy: Establish long positions between 31501-31601

zone, targeting 32451 mark and then aggressive targets at 32851-32901 with stop

at 31201.

MACRO WATCH:

• The government released the trade deficit data for September after market hour on

Monday. Exports entered negative zone after five months, declining 2.15% in

September on a yearly basis, the data showed. Imports, however, went up by

10.45% in September.

• The WPI based on wholesale price index stood at 5.13% in September as compared

to 4.53% in August.

• The IMF forecasts India's economy could grow 7.3% in the fiscal year ending in

March 2019, versus 6.7% in the last.

• Consumer inflation which stood at 3.77% in September, as against 3.69% in the

previous month. The retail inflation figure were lower than economists' estimates.

Sun Pharmaceuticals was established in 1983 and is

now the largest pharmaceutical company in India

and fifth largest generic company in US. Currently

the company has presence in more than 100

countries across branded and generic market. It has

portfolio of 2000 products across the world with

32,000 plus global employee base. The company has

capacity across dosage forms injectables, sprays,

ointments, creams, liquids, tablets and capsules.

The company has long history of many acquisitions

and prominent among them is Ranbaxy in 2015. The

firm has impressive track record of organic and as

well inorganic growth.

Technically, brace yourselves for a major rebound

play from a complex ‘lower consolidation pattern’ on

the weekly charts. An impulse uptrend is seen

forming on the monthly time scale with recent

sequence of higher high/ higher low pattern on

weekly charts, with positive SAR series, major

confirmation above its intermediate-high at 681

mark. The positive takeaway from recent price

action is that the stock price was seen

outperforming, despite broader markets remaining

volatile. Add to that a bullish divergence and a rising

stochastic signal (on weekly charts) with recent

increase in volumes signaling a larger rebound. The

200 days Exponential Moving Average (EMA) of the

stock on the daily chart is currently at 571. The level

of Rs 571 will act as a strong support and this could

be used to buy aggressively in case of any corrective

declines from current levels.

A potential entrance exists at CMP, as the stock is

likely to run towards 645-651 mark. Aggressive 5

months targets placed at 750 mark. Place stops

below 579.

SUN PHARMA

Action

Target

Support

Resistance

Holding Period

602.7

BUY

645

581/575

645/681

21 Days.




• Factory activity growth - determined by the Index of Industrial Production (IIP) - stood at 4.3% in August, slowing down from 6.6% in the

previous month.

• The landscape is bit scary especially on the escalating trade tension between U.S-China. This catalyst could be the real villain rattling

worldwide stock markets. The heightened tensions between U.S. -China could not only hamper U.S. economic growth but derail the global

economy at large. At the time of writing, a tit-for-tat tariff battle between Beijing and Washington remains intact.

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

Chhattisgarh will go to the polls in two phases on November 12 and 20, the Madhya Pradesh and Mizoram Assembly elections will be held on

November 28. Polling in Rajasthan and Telangana will be held on December 7. Counting of votes will be held across all the five states on

December 11.

CURRENCIES & BONDS:

• As on Monday's close, the Indian Rupee snapped its three-session gaining streak to end 26 paise lower at 73.83 against the US dollar. Rising

crude prices amidst intensifying geopolitical tensions was seen as the key catalyst.

What Technical Tells Us on Nifty:

The benchmark Nifty staged a modest recovery in Tuesday's trade, up 0.85%. The benchmark rose for third day in a row

The positive takeaway was that the benchmark Nifty did continue to pick up the bullish baton from Friday's spectacular close, and most importantly

ended above the psychological 10,500 mark. Also, the gains at our stock markets were despite an extreme bleak Asian markets.

The market breadth in today's trading session was quite strong and most importantly, all sectoral indices ended in the green with maximum gains

visible amongst banks, realty, auto, IT, pharma and FMCG sectors. .

Technically speaking, key support for the day on Nifty is at 10,501 mark. The technical landscape will worsen further if Nifty closes below

the 10,401 mark as that would open the door to massive technical selling, possibly quickly towards the 10,001-10,101 zone.

The intraday bias is positive and buying on any corrective decline should be the preferred strategy.

The make or break hurdles are at 10,775 mark.

The best way to trade this market is to establish long positions only on any intraday corrective declines to 10501-10525 zone with strict below

10451 mark. But please note, this market has much work to do to be on the ultra-bullish side again, so the best strategy is buy aggressively

above 10,775 mark.

The price action for Nifty is suggesting that we are likely to see an 10,401-10,911 range in near term with Positive bias.

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

Volatility likely to be the hallmark of today's trade.

Preferred trade on Nifty: Nifty (10584): Buy between

10545-10575 zone, targeting 10701 zone and then

aggressive targets at 10751-10751 zone with stop at

10451.

Preferred trade on Bank Nifty: Nifty (25590): Buy

between 25201-25451 zone, targeting 26001 zone and

then aggressive targets at 26445-26501 zone with stop

at 24911.

Daily Chart of Nifty



Comfort stock of the day


When we want to see what's happening far off, we will reach for the binoculars. The binocular helps us to steer out of danger and also accurately spots our targets.

When it comes to trading / investing, that's exactly how Stock Of The Day: (F & O) introduces to the momentum stocks from the list of Future & Option segment, defining their support and resistance levels, and attempts to forecast their movement with a short /medium term perspective.


R2STOCKS LTP S1 S2 R1 TRADING STRATEGYBIAS


Invest Smart. Build Wealth. www.comfortsecurities.co.in


The interweek risk is on the upside with immediate targets at 166. Momentum oscillators signaling major strength. Interweek Strategy: Buy at CMP, targeting 166 and then at 175-177.50 zone with stop below 152.95

Momentum oscillators continue to signal strength. MCX is aiming to move towards the psychological 1000 mark. Interweek Strategy: Buy between 777-789 zone, targeting 823 and then more aggressive targets located at 897-901 zone. Stop below 771.

NESTLE is signaling a major rebound from an oversold zone on the daily charts. Key support seen at 9525 zone. Key hurdles seen at 10100. Interweek Strategy: Buy between 9745-9755 zone, targeting 9901 and then at 10100 zone. Stop below 9525.

SRF is aiming to move above its 5-day higher consolidation zone. Interweek Strategy: Buy at CMP, targeting 1825 and then more aggressive targets located at 1899-1901 zone. Stop below 1739.

VOLTAS is seen consolidating at extremely oversold zone on daily charts. Key intraday support seen at 503. Interweek Strategy: Buy between 503-505 zone, targeting 533 and then at 551-557.50 zone. Stop below 493.

SRF: The technicals are aggressively bullish. Aggressive interweek targets at 1901.

DLF

MCX

NESTLE

SRF

VOLTAS

158.15 153 147.5 166 177.5 Positive

799.8 777 751 823 901 Positive

9764 9659 9525 9901 10100 Positive

1776 1741 1697.5 1825 1901 Positive

510.4 503 495 533 557.5 Positive



EQUITY DERIVATIVESLooking into the future from present.

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

Nifty Spot

Bank Nifty Future

VIX

Premium

Nifty Future OI

Bank Nifty Spot OI

BSE Cash Vol. (Rs. in Cr)

NSE Cash Vol.(Rs. in Cr)

NSE Derivative Vol. (Rs. in Cr)

Index Future Volumes

Stock Future Volumes

Index Option Volumes

Stock Option Volumes

Total

Cash Volumes (INR in Cr.)

YesterdayDay Before Yesterday

Derivatives Vol.(INR in Cr.)

No of contracts

Turnover (Rs. In cr.)

Major Changes in Nifty Options (OI)

Market Summary:

The benchmark Nifty continued its positive momentum in Tuesday’s session as well,

up 0.69% at 10584.75. All the sectoral indices joined the party as they remained in

green throughout the day. Nifty October Futures closed at a premium of 2 rupees

against 7 rupees in previous trading session.

Amongst Broader Indices, the BSE Midcap Index was up 1.14%. The BSE Smallcap

Index was up 1.68%. Both the Indices clearly outperformed the Sensex.

Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE Oil & Gas

Index (up 1.84%), BSE India Infrastructure Index (up 1.79%), BSE Realty Index (up

1.36%).

Amongst stock specific action, positive bias was seen in stocks like M&M (up

4.01%), ADANI PORTS (up 4.00%), ONGC (up 3.22%)

Among stocks drifting down were: IBHSGFIN (down 5.15%), EICHERMOT (down

1.34%), CIPLa (down 1.21%)

Maximum Call Open Interest (OI) stands at 11000 Strike Price, followed by 107 0 0

Strike Price for October Series. Short covering in calls was seen at 10500-10750

strike prices for October Series.

Maximum Put Open Interest (OI) was seen at strike price 10000 followed by 10400

strike price for October series. Short built up in Puts was seen between 10200-

10500 strike price for October Series.

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

1165.63 crores in the Indian Equity Market. DIIs bought shares worth Rs. 1059.44

crores in the Indian Equity market.

Highest OI Nifty: Calls 11000: 47.29 L - Puts 10000: 35.78

Highest OI Bank Nifty: Calls 26500: 5.92 L - Puts 24500: 7.91 L

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

Long Buildup: FEDERAL BANK, AXIS BANK, PETRONET, SUN PHARMA, M&M.

Short Buildup: IBHSGFIN, DHFL, MCDOWELL, CANFINHOME, UBL.

Short Covering: ADANI PORTS, TVS MOTORS, MCX,

Long Unwinding: TATA COMM, WOCKPHARMA.

Stocks banned in F&O segment for today: ADANI POWER, IDBI.

New In Ban: NIL.

Out of Ban: NIL.

Future Call: BUY FEDERAL BANK OCTOBER FUTURES between 78-

79 zone. Targets at 84 and then at 91. Stop: 76. Holding Period:

Intraday. Analyst’s Remark: Momentum Play (FEDERAL BANK

OCTOBER Futures CMP 81.90).

Option Call: BUY BANK NIFTY 25th OCTOBER CE strike price 26000

at CMP 162. Profit: Unlimited. Maximum Loss: Rs. 6,480. Stop: Exit

Call Option if Bank Nifty moves below 25400. (Bank Nifty October

Futures CMP 25746.50).

10584.75 (+0.69%)

25589.65 (+0.79%)

17.3725 (-8.01%)

+02 vs +07

2.06 crores (+4.21%)

14.29 lakhs (-1.73%)

2543.47 2303.92

30742.96 27469.03

807280 692766

227598 20244

797679 49577

7197077 688234

702213 49226

8924567 807280

Calls in lakhs (% Change)

10600 26.59 (+12%)

10700 30.55 (-7%)

10800 30.41 (-5%)

Puts in lakhs (% Change)

10500 28.77 (+44%)

10400 29.15 (+20%)

10300 21.67 (-4%)


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 10584.75 10538.4 10492.05 10618 10651.25 10571.65 10780.05 DOWN

BANKNIFTY 25589.65 25391.95 25194.25 25747.2 25904.75 25549.5 26088.88 DOWN

NIFTYMID50 4649.15 4616.92 4584.68 4667.22 4685.28 4634.98 5104.72 DOWN

ACC 1553.4 1514.65 1475.9 1586.55 1619.7 1547.8 1534.3 UP

ADANIENT 157.65 152.93 148.22 161.18 164.72 156.47 161.74 DOWN

ADANIPORTS 333.35 324.9 316.45 338.8 344.25 330.35 384.03 DOWN

AJANTPHARM 1027.15 1017.08 1007.02 1040.53 1053.92 1030.47 1225.95 DOWN

ALBK 38.4 37.83 37.27 38.78 39.17 38.22 48.58 DOWN

AMARAJABAT 759.75 748.07 736.38 777.22 794.68 765.53 807.57 DOWN

ANDHRABANK 27 26.63 26.27 27.23 27.47 26.87 39.14 DOWN

APOLLOTYRE 220.3 217.23 214.17 223.08 225.87 220.02 265.63 DOWN

ARVIND 332.3 327.75 323.2 338.25 344.2 333.7 402.65 DOWN

ASHOKLEY 120.55 118.13 115.72 122.43 124.32 120.02 134.29 DOWN

ASIANPAINT 1267.6 1252.47 1237.33 1282.82 1298.03 1267.68 1245.95 UP

AUROPHARMA 775.5 760.5 745.5 784.5 793.5 769.5 633.75 UP

AXISBANK 588.85 574.62 560.38 598.72 608.58 584.48 556.57 UP

BAJAJ-AUTO 2610.5 2594.33 2578.17 2637.33 2664.17 2621.17 2900.52 DOWN

BAJAJFINSV 5657.1 5565.12 5473.13 5749.52 5841.93 5657.53 5757.46 DOWN

BAJFINANCE 2308.85 2275.4 2241.95 2352.15 2395.45 2318.7 2117.31 UP

BALKRISIND 1046.65 1032.33 1018.02 1069.33 1092.02 1055.02 1160.22 DOWN

BALRAMCHIN 98.25 96 93.75 101.6 104.95 99.35 85.94 UP

BANKBARODA 100.25 98.03 95.82 101.83 103.42 99.62 138.76 DOWN

BANKINDIA 80.05 78.25 76.45 81.15 82.25 79.35 108.43 DOWN

BATAINDIA 941 933.8 926.6 946.4 951.8 939.2 822.62 UP

BEL 88 87 86 88.75 89.5 87.75 128.48 DOWN

BEML 629.4 622.93 616.47 634.93 640.47 628.47 1019.99 DOWN

BERGEPAINT 291.55 285.2 278.85 295.9 300.25 289.55 280.62 UP

BHARATFIN 1005.15 986.57 967.98 1037.72 1070.28 1019.13 1110.14 DOWN

BHARATFORG 578.25 571.57 564.88 587.42 596.58 580.73 682.57 DOWN

BHARTIARTL 294 290.17 286.33 296.87 299.73 293.03 396.89 DOWN

BHEL 76.2 75.6 75 76.75 77.3 76.15 82.33 DOWN

BIOCON 628.9 621.7 614.5 635.05 641.2 627.85 611.37 UP

BPCL 302.1 294.03 285.97 307.83 313.57 299.77 408.71 DOWN

BRITANNIA 5700.5 5623.67 5546.83 5773.67 5846.83 5696.83 5560.98 UP

CANBK 236.6 231.47 226.33 240.27 243.93 235.13 277.26 DOWN

CANFINHOME 241.7 236.23 230.77 249.53 257.37 244.07 394.89 DOWN

CAPF 490.25 480.67 471.08 500.72 511.18 491.13 612.02 DOWN

CASTROLIND 142.3 140.75 139.2 144.55 146.8 143 177.13 DOWN

CEATLTD 1138.7 1118.47 1098.23 1154.47 1170.23 1134.23 1480.87 DOWN

CENTURYTEX 828.15 811.77 795.38 842.02 855.88 825.63 1071.31 DOWN

CESC 930.8 910.2 889.6 943.2 955.6 922.6 986.62 DOWN

CGPOWER 40.9 39.73 38.57 42.88 44.87 41.72 70.61 DOWN

CHENNPETRO 266 258.1 250.2 271 276 263.1 327.98 DOWN

CHOLAFIN 1208.85 1180.25 1151.65 1228.2 1247.55 1199.6 1445.08 DOWN

CIPLA 639.75 634.18 628.62 648.48 657.22 642.92 603.73 UP

COALINDIA 276.4 274.42 272.43 278.37 280.33 276.38 281.66 DOWN

COLPAL 1099.1 1087.05 1075 1114.4 1129.7 1102.35 1124.89 DOWN

CONCOR 601.3 594.67 588.03 610.47 619.63 603.83 1066.87 DOWN

CUMMINSIND 702.5 690.98 679.47 714.08 725.67 702.57 751.47 DOWN

DABUR 406.65 400.3 393.95 410.65 414.65 404.3 380.13 UP

DALMIABHA 2089.5 2040.33 1991.17 2168.33 2247.17 2119.17 2692.77 DOWN

DCBBANK 167.95 163.1 158.25 170.95 173.95 166.1 174.12 DOWN

DHFL 268.8 260.23 251.67 283.58 298.37 275.02 569.43 DOWN

DISHTV 53.35 52.5 51.65 54.4 55.45 53.55 71.22 DOWN

DIVISLAB 1307.6 1284.17 1260.73 1327.87 1348.13 1304.43 1135.71 UP

DLF 158.15 156.35 154.55 160.65 163.15 158.85 209.64 DOWN

DRREDDY 2573.6 2544.07 2514.53 2596.57 2619.53 2567.03 2250.53 UP

EICHERMOT 23002.15 22518.1 22034.05 23718.1 24434.05 23234.05 28332.6 DOWN

ENGINERSIN 117.1 115.53 113.97 119.23 121.37 117.67 147.14 DOWN

EQUITAS 131.6 127.97 124.33 134.02 136.43 130.38 146.53 DOWN

ESCORTS 638.9 613.3 587.7 653.25 667.6 627.65 850.91 DOWN

EXIDEIND 264.7 260.88 257.07 267.88 271.07 264.07 247.27 UP

FEDERALBNK 81.65 77.72 73.78 84.22 86.78 80.28 89.46 DOWN

FORTIS 137.2 135.55 133.9 139.1 141 137.45 145.04 DOWN

GAIL 352.3 346.6 340.9 357.65 363 351.95 387.5 DOWN

GLENMARK 605.35 596.23 587.12 617.68 630.02 608.57 581.03 UP

GMRINFRA 16.5 16.33 16.17 16.73 16.97 16.57 18.55 DOWN

GODREJCP 752.05 732.73 713.42 763.78 775.52 744.47 1110.54 DOWN

GODREJIND 489.1 481.75 474.4 498.3 507.5 490.95 582.39 DOWN

GRANULES 97.5 95.33 93.17 99.93 102.37 97.77 106.23 DOWN

GRASIM 905.5 896.67 887.83 913.17 920.83 904.33 1065.06 DOWN

GSFC 97.65 96.07 94.48 99.32 100.98 97.73 121.57 DOWN

HAVELLS 607.95 598.12 588.28 620.72 633.48 610.88 568.06 UP

HCC 13.45 13.03 12.62 13.73 14.02 13.32 21.74 DOWN

HCLTECH 1003.4 990.8 978.2 1014.25 1025.1 1001.65 971.2 UP

HDFC 1756.25 1721.7 1687.15 1782.25 1808.25 1747.7 1856.97 DOWN

HDFCBANK 1992.75 1980.77 1968.78 2011.47 2030.18 1999.48 1990.92 UP

HDIL 21.25 20.77 20.28 21.57 21.88 21.08 35.45 DOWN

HEROMOTOCO 2895.2 2873.7 2852.2 2914 2932.8 2892.5 3481.42 DOWN

HEXAWARE 395.55 392.73 389.92 400.18 404.82 397.37 415.83 DOWN

HINDALCO 230.55 228.23 225.92 232.83 235.12 230.52 235.42 DOWN

HINDPETRO 212.15 207.83 203.52 216.68 221.22 212.37 316.94 DOWN

HINDUNILVR 1546.2 1529.28 1512.37 1560.33 1574.47 1543.42 1518.4 UP

HINDZINC 276.6 273.07 269.53 279.57 282.53 276.03 298.4 DOWN

IBREALEST 93.05 90.97 88.88 96.27 99.48 94.18 178.17 DOWN

IBULHSGFIN 907.35 876.9 846.45 957.3 1007.25 926.85 1218.29 DOWN

ICICIBANK 320.65 315.28 309.92 324.48 328.32 319.12 304.87 UP

ICICIPRULI 329.55 320.63 311.72 334.93 340.32 326.02 393.05 DOWN

ICIL 71.05 68.9 66.75 74.3 77.55 72.15 87.22 DOWN

IDBI 59.5 59.18 58.87 59.83 60.17 59.52 63 DOWN

IDEA 37 36.42 35.83 37.52 38.03 36.93 66.85 DOWN

IDFC 39.3 38.8 38.3 39.65 40 39.15 50.94 DOWN

IDFCBANK 36.3 35.73 35.17 36.93 37.57 36.37 46.28 DOWN

IFCI 13.8 13.55 13.3 14.05 14.3 13.8 19.59 DOWN

IGL 247.1 243.23 239.37 250.03 252.97 246.17 283.08 DOWN

INDIACEM 98 95.4 92.8 101.25 104.5 98.65 135.34 DOWN

INDIANB 243.55 236.62 229.68 248.87 254.18 241.93 326.26 DOWN

INDIGO 869.25 830.32 791.38 892.02 914.78 853.08 1153.55 DOWN

INDUSINDBK 1620.55 1591.72 1562.88 1672.67 1724.78 1643.83 1822.05 DOWN

INFIBEAM 52.2 51 49.8 53.95 55.7 52.75 162.84 DOWN

INFRATEL 266.25 260.87 255.48 274.57 282.88 269.18 313.78 DOWN

INFY 695.25 685.13 675.02 709.63 724.02 699.52 1144.81 DOWN

IOC 135.45 133.52 131.58 137.17 138.88 135.23 222.82 DOWN

IRB 130.6 128.57 126.53 132.07 133.53 130.03 216.11 DOWN

ITC 282.65 278.08 273.52 285.48 288.32 280.92 277.87 UP

JETAIRWAYS 219 204.65 190.3 228.1 237.2 213.75 497.15 DOWN

JINDALSTEL 178.9 176.48 174.07 182.63 186.37 180.22 229.65 DOWN

JISLJALEQS 67.35 66.32 65.28 68.37 69.38 67.33 101.08 DOWN

JPASSOCIAT 7.35 6.98 6.62 7.63 7.92 7.27 16.24 DOWN

JSWENERGY 65 63.9 62.8 66.05 67.1 64.95 74.81 DOWN

JSWSTEEL 373.6 366.73 359.87 382.83 392.07 375.97 324.58 UP

JUBLFOOD 1217.9 1186.6 1155.3 1244.1 1270.3 1212.8 1920.1 DOWN

JUSTDIAL 498.5 488 477.5 506 513.5 495.5 510.29 DOWN

KOTAKBANK 1175.75 1165.1 1154.45 1184.05 1192.35 1173.4 1190.28 DOWN

KPIT 213.55 209.93 206.32 219.18 224.82 215.57 248.77 DOWN

KSCL 531.8 512.33 492.87 542.48 553.17 523.02 540.46 DOWN

KTKBANK 99.45 98.62 97.78 100.42 101.38 99.58 123.01 DOWN

L&TFH 131.4 129.45 127.5 133.3 135.2 131.35 164.22 DOWN

LICHSGFIN 444.65 438.73 432.82 450.93 457.22 445.02 512.85 DOWN

LT 1224.65 1217.15 1209.65 1230.55 1236.45 1223.05 1320.44 DOWN

LUPIN 896.45 886.62 876.78 908.67 920.88 898.83 842.18 UP

M&M 777.7 758.53 739.37 788.43 799.17 769.27 839.52 DOWN

M&MFIN 398.4 389.65 380.9 404.65 410.9 395.9 466.13 DOWN

MANAPPURAM 74.65 73.53 72.42 75.68 76.72 74.57 105.93 DOWN

MARICO 318 315.13 312.27 320.48 322.97 317.62 329.03 DOWN

MARUTI 7150.9 7090.47 7030.03 7244.67 7338.43 7184.23 8889.21 DOWN

MCDOWELL-N 526.45 518.78 511.12 535.33 544.22 527.67 2211.58 DOWN

MCX 799.8 748.55 697.3 833.75 867.7 782.5 791.05 UP

MGL 837.1 828.1 819.1 843 848.9 834 915.74 DOWN

MOTHERSUMI 248.5 241.72 234.93 258.57 268.63 251.78 318.81 DOWN

MRF 63212.95 62723.4 62233.85 63841.25 64469.55 63351.7 72923.96 DOWN

MUTHOOTFIN 404.8 401.47 398.13 407.92 411.03 404.58 413.93 DOWN

NATIONALUM 67.1 66.53 65.97 67.68 68.27 67.12 70.86 DOWN

NBCC 56.4 54.9 53.4 57.3 58.2 55.8 133.15 DOWN

NCC 74.05 72.78 71.52 75.03 76.02 73.77 109.87 DOWN

NMDC 113.25 112.57 111.88 114.12 114.98 113.43 119.85 DOWN

NTPC 163.95 162.25 160.55 165.5 167.05 163.8 165.58 DOWN

OIL 209.85 204.23 198.62 213.23 216.62 207.62 259.49 DOWN

ONGC 165.6 162.07 158.53 168.17 170.73 164.63 177.04 DOWN

ORIENTBANK 66.95 65.53 64.12 67.98 69.02 66.57 88.94 DOWN

PCJEWELLER 57.25 56.4 55.55 58.35 59.45 57.5 231.91 DOWN

PEL 2330.45 2277.38 2224.32 2367.73 2405.02 2314.67 2611.47 DOWN

PETRONET 224.1 218.33 212.57 227.43 230.77 221.67 229.95 DOWN

PFC 82.45 81.6 80.75 83.05 83.65 82.2 90.03 DOWN

PIDILITIND 991.6 979.77 967.93 1006.72 1021.83 994.88 1019.77 DOWN

PNB 69.95 68.42 66.88 70.92 71.88 69.38 101.27 DOWN

POWERGRID 187.2 185.27 183.33 188.97 190.73 187.03 195.58 DOWN

PTC 76.75 75.87 74.98 77.57 78.38 76.68 89.21 DOWN

PVR 1341 1311.52 1282.03 1358.97 1376.93 1329.48 1334.48 UP

RAMCOCEM 588.65 581.77 574.88 597.27 605.88 590.38 731.3 DOWN

RAYMOND 673.35 663.8 654.25 685.2 697.05 675.65 929.22 DOWN

RBLBANK 538.7 528.25 517.8 546.55 554.4 536.1 529.41 UP

RCOM 11.8 11.63 11.47 11.98 12.17 11.82 19.73 DOWN

RECLTD 105.1 103.57 102.03 106.27 107.43 104.73 123.37 DOWN

RELCAPITAL 267.85 262.73 257.62 272.73 277.62 267.62 428.33 DOWN

RELIANCE 1163.8 1146.73 1129.67 1174.13 1184.47 1157.07 1022.24 UP

RELINFRA 335.45 330.57 325.68 340.17 344.88 335.28 432.58 DOWN

REPCOHOME 370.9 364.62 358.33 380.57 390.23 374.28 575.8 DOWN

RPOWER 28.6 28.23 27.87 28.93 29.27 28.57 37.63 DOWN

SAIL 67.55 67.05 66.55 68.15 68.75 67.65 79.41 DOWN

SBIN 270.3 265.48 260.67 272.98 275.67 268.17 274.39 DOWN

SIEMENS 938.25 925.5 912.75 947.85 957.45 935.1 1076.84 DOWN

SOUTHBANK 14.6 13.78 12.97 15.08 15.57 14.27 23.35 DOWN

SREINFRA 33.35 32.2 31.05 34.1 34.85 32.95 71.24 DOWN

SRF 1776 1758.3 1740.6 1796.35 1816.7 1778.65 1906.02 DOWN

SRTRANSFIN 1072.55 1049.1 1025.65 1091.9 1111.25 1068.45 1375.59 DOWN

STAR 438.85 432.87 426.88 444.27 449.68 438.28 554.59 DOWN

SUNPHARMA 602.7 593.03 583.37 612.18 621.67 602.52 557.8 UP

SUNTV 670.45 652.67 634.88 684.62 698.78 666.83 858.31 DOWN

SUZLON 6.45 6.3 6.15 6.55 6.65 6.4 9.96 DOWN

SYNDIBANK 33.15 32.35 31.55 33.6 34.05 32.8 51.79 DOWN

TATACHEM 676.55 658.03 639.52 691.03 705.52 672.52 714.45 DOWN

TATACOMM 486.5 474.98 463.47 506.03 525.57 494.52 599.65 DOWN

TATAELXSI 1040.7 1006.67 972.63 1059.87 1079.03 1025.83 1183.86 DOWN

TATAGLOBAL 235.45 233.1 230.75 237.75 240.05 235.4 264.55 DOWN

TATAMOTORS 185.85 184.52 183.18 187.22 188.58 185.88 314.8 DOWN

TATAMTRDVR 101.35 100.73 100.12 102.18 103.02 101.57 178.18 DOWN

TATAPOWER 73.8 71.52 69.23 75.07 76.33 72.78 79.74 DOWN

TATASTEEL 572.8 566.93 561.07 581.33 589.87 575.47 613.1 DOWN

TCS 1962.3 1940.9 1919.5 1977.8 1993.3 1956.4 2558.94 DOWN

TECHM 718.7 699.63 680.57 732.68 746.67 713.62 655.38 UP

TITAN 810.6 805.85 801.1 817.5 824.4 812.75 880.2 DOWN

TV18BRDCST 39.5 38.77 38.03 40.57 41.63 39.83 54.51 DOWN

TVSMOTOR 551.65 534.13 516.62 563.83 576.02 546.32 614.45 DOWN

UBL 1159.05 1120.92 1082.78 1194.57 1230.08 1156.43 1156.76 UP

UJJIVAN 248 244.78 241.57 252.78 257.57 249.57 366.51 DOWN

ULTRACEMCO 3752.7 3701.57 3650.43 3808.92 3865.13 3757.78 4054.3 DOWN

UNIONBANK 71.05 69.6 68.15 72.15 73.25 70.7 96.93 DOWN

UPL 642.1 634.17 626.23 649.02 655.93 641.08 696.3 DOWN

VEDL 212.45 211.03 209.62 214.33 216.22 212.92 268.82 DOWN

VOLTAS 508.65 501.82 494.98 516.02 523.38 509.18 587.24 DOWN

WIPRO 319.05 316.53 314.02 321.13 323.22 318.62 290.36 UP

WOCKPHARMA 519.3 511.43 503.57 528.53 537.77 520.67 712.11 DOWN

YESBANK 248.9 245.87 242.83 251.67 254.43 248.63 329.29 DOWN

ZEEL 469.75 465.07 460.38 476.12 482.48 471.43 546.97 DOWN



Comfort ‘Forecast and Analysis’

Forecast and Analysis is a daily newsletter that provides technical update on all the major instruments of the world like Gold, Silver, Crude Oil, US Dollar Index and USD/INR. We define their support and resistance levels and attempt to forecast their movement with a short / medium term perspective. Also in the report, a trader will find bias for the mentioned instruments.

This newsletter is also quite popular with a market participant who loves to have insight & theme on MCX Gold, MCX Silver as well MCX Crude-Oil.

Forecast and Analysis

Instrument TRADING STRATEGYLTP S1 S2 R1 R2 Bias


MCX GOLD

MCX SILVER

MCX CRUDE OIL

MCX COPPER

MCX NATURAL GAS

USD-INR

Forecast and Analysis …Direction at a glance



Gold price ended slightly lower in Tuesday's trade. Key medium term suppport seen at 31201 mark. Interweek strategy: Establish long positions between 31501-31601 zone, targeting 32451 mark and then aggressive targets at 32851-32901 with stop at 31201.

Silver prices too traded lower in Tuesday's trade. Interweek strategy: Establish long positions between 38475-38501 zone, targeting 39651 mark and then aggressive targets at 39901-40000 zone with stop at 38251.

The recent sequence of higher highs/lows remains intact. Interweek strategy: Establish long positions between 5205-5225 zone, targeting 5445 zone and then aggressive targets at 5751 with stop at 5100.

Copper prices were seen trading rangebound in yesterday's trade. Interweek strategy: Establish long positions only on dips between 447-449 zone, targeting 465 mark and then at 479 with stop at 429.

Natural Gas prices were seen consolidating in Tuesday's trade. Interweek strategy: Establish long positions between 229-232 zone , targeting 245 and then aggressive targets at 249-251 zone with stop at 223.

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

31858 31501 31201 32451 32901 Neutral

38868 38455 37201 39650 40001 Neutral

5283 5205 5100 5445 5751 Positive

452 447 429 465 479 Positive

238.90 227.45 215.00 245.00 251.00 Positive

73.47 71.75 70.00 75.00 77.00 Positive

MCX Copper: Establish long positions 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



Broad market rally seen at Wall Street as investors cheer earnings.

Gold prices were seen trading rangebound in yesterday's trade. Hurdles now seen at 1245. Confirmation of major strength only above 1245. Interweek Strategy: Sell at CMP, targeting 1207 and then at 1189-1191 zone with stop above 1247.

Silver prices traded flat in yesterday's trade. Hurdles now seen at 15.45. Confirmation of major strength only above 15.45.

Profit booking witnessed in Crude-oil prices. Inerweek strategy: Establish long positions only above 75 zone, targeting 77.50 zone and then 80 with stop at 70.20

We have a negative bias on EUR/USD. Major weakness seen only below 1.1451. Selling on strength should be preferred strategy.

We have positive bias for US Dollar Index. Hurdles at 97.50. Aggressive upside targets seen at 99. Downside well supported at 92.50. Major weakness now only below 92.50.

The Dow Jones index zoomed in yesterday's trade on upbeat earnings reports and robust economic data, helping the market to shake off Monday’s weakness. .Dow faces major hurdles at 27200.

1230 1207 1189 1227 1245 Neutral

14.75 14.21 13.75 15.45 16.09 Neutral

72 70.25 68.3 75 77.5 Positive

1.1574 1.1379 1.1100 1.1745 1.1900 Negative

95.03 94.45 92.50 97.50 99.00 Positive

25697 25001 24445 26551 27200 Neutral


DAILY PIVOT TABLE



CommodityExchange Close S1 S2 R1 R2200 Day

SMA Reversal

Point Trend

MCX ALUMINUM

MCX CARDAMOM

NCDEX CASTOR

NCDEX CHANA

MCX COPPER

MCX COTTON

MCX CRUDE-OIL

MCX GOLD

NCDEX GAUR GUM

NCDEX GAUR SEED

NCDEX JEERA

MCX LEAD

MCX MENTHA OIL

MCX NATURAL GAS

MCX NICKLE

NCDEX RM SEED

MCX SILVER

NCDEX SUGAR

NCDEX SOYA BEAN

MCX ZINC

150.35 149.23 148.12 151.88 153.42 145.59 147.05 DOWN

1391 1345 1290.17 1409 1445 1106.34 1394 UP

4956 4909.33 4862.67 5013.33 5070.67 4286.71 4750 DOWN

4151 4120 4089 4197 4243 3830.5 4110 UP

452 449 441 462.37 467.68 446.03 447.4 UP

22810 22701 22623.33 23236.67 23483.33 21547.9 22010 UP

5273 5225.33 5177.67 5327.33 5381.67 4550.42 5532 UP

31862 31751 31589.33 32307.67 32549.33 30498.23 31161.5 DOWN

9255 9136 9017 9363 9471 8910.89 8491 UP

4235.5 4182 4128.5 4287 4338.5 4140.13 4257 UP

20390 20113.33 19836.67 20543.33 20696.67 17541.37 19130 DOWN

150.75 149 144.45 156.45 158.65 156.29 143.05 UP

1715.9 1703.27 1690.63 1724.27 1732.63 1469.76 1685.4 UP

238.45 235.47 231.83 242.27 245.43 193.79 224.1 UP

915.65 911 901 928 950.33 922.54 901.5 UP

4065 4060 4055 4070 4075 4030.7 4112.5 UP

38864 38701 38201 39385.66 39618.33 38772.15 38102 DOWN

3050 3050 3050 3050 3050 3614.83 3015 UP

3281 3251.33 3221.67 3314.33 3347.67 3504.24 3076.5 UP

193.7 192.27 190.33 197.67 201.13 201.67 187.95 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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Comfort Securities Limited Daily Research Reports · 2018-10-17 · Disclosures and Disclaimer :...

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Transcript of Comfort Securities Limited Daily Research Reports · 2018-10-17 · Disclosures and Disclaimer :...