Comfort Securities Limited Daily Research Reports · 2.The ongoing bout of weakness in Crude oil...

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Welcome Note

Thursday22nd November, 2018

Stock Of The Day: (F & O)

Forecast and Analysis

CONTENTSCONTENTS



Title Page No.

'30,000 feet view’: The big picture of Dalal Street 04-07

Stock Of The Day: (F & O) 08-09

Equity Derivatives 10

Daily Pivot Table (Equities) 11

Forecast and Analysis 12-14

Daily Pivot Table (Commodities) 15

Disclaimer 16

'30,000 feet view’:

The big picture of Dalal Street

'30,000 feet view’:

The big picture of Dalal Street



'30,000 feet view’: newsletter provides insights and themes for Indian equity markets. We also try and cover international themes for the day. This newsletter is quite popular with traders as it covers the most preferred trading strategy for Sensex/Nifty for the day.

In Chart of the day section, we recommend a stock which is likely to move significantly in the short term, clearly defining the supports, the resistances and bias for the stock.

In a nutshell, '30,000 feet view’: covers themes and insights for the day.

‘30,000 feet view’: The big picture of Dalal Street

www.comfortsecurities.co.inEnjoy Your Comfort Zone.


Nifty Outlook

Intraday

Medium Term

Long Term

Key Levels to Watch

Nifty Support

Nifty Resistance

Pivot Level

Nifty

Outlook for the Day

INDICES

Nifty

Bank Nifty

Nifty Auto Index

Nifty FMCG Index

Nifty Infra Index

Nifty IT Index

Nifty Media Index

Nifty Midcap Index

Nifty Metal Index

Nifty Pharma Index

Nifty Reality Index

Nifty Smallcap Index

Sensex

SGX Nifty


Good Morning & Welcome to Thursday's trading action at Dalal Street, dated 22nd of

November 2018.

Early action at SGX Nifty is indicating that Nifty will claw back from its last two sessions

losses! Pretty neat early set-up for the bulls camp to recoup recent steep losses!!

The big question: Will Nifty finish up for the day?

Honestly speaking, it is difficult to say if Nifty will make a sizeable comeback.

Agreed, the benchmark Nifty may reverse its past two days’ painful losses, helped by a

slight positive overnight Wall Street close. But our call of the day suggests that Nifty will

struggle to recapture its 200-DMA at 10,761 mark. We say so because haunting investors

in near term would be:

1. FIIs still in exit mode.

2. The ongoing bout of weakness in Crude oil prices are seen as early signs

of global slowdown.

3. Uncertainty surrounding U.S China trade issues: This is likely to be a key

driver of volatility. In case of absent of any resolution, the street is suspecting the

U.S. tariff rates on a swath of Chinese goods could rise from 10% to 25% in January.

So, worldwide investors will gear up to the much anticipated Trump and Chinese

President Xi Jinping's scheduled G20 summit on 30 Nov - 1 December in Buenos

Aires.

4. Deteriorating technical conditions as Nifty seen unable to move past its key hurdles

at 200 DMA at 10761 mark. Confirmation of weakness below 10,489 mark.

5. Uncertainty surrounding assembly election outcome. The big investors

camp are likely to pay close attention the elections in five states which will conclude

on December 7. Counting of votes will be held across all the five states on December

11.

Please note, three states Chhattisgarh and Madhya Pradesh, Rajasthan are ruled by BJP

and the election outcome will be crucial.

Now for some good news. Crude-oil prices still seen sluggish in yesterday's trade after oil

sank 7% in Tuesday's trade. If you recollect, rising oil prices had concerned investors just

sometime back. Tanking oil prices could be a positive trigger for our stock markets. But

having said that, please note that the ongoing bout of weakness in Crude oil prices

are seen as early signs of global slowdown.

The other positive catalyst in favor of bulls camp is that Bank Nifty was seen

outperforming in yesterday's trade. And lastly, there is a feeling that Federal

Reserve's rate hike expectations are softening.

Bottom-line: It makes sense for the perma-bulls camp to curb their

enthusiasm on any early strength. There is a sinking feeling for Nifty. Caution should

still be the buzzword and investors' need to brace themselves for the worst-case scenario!!

Outlook for Thursday: Sell on any excessive strength.

At the time of writing, SGX Nifty futures were seen trading cautiously, up 23 points at

10,645, indicating a slight positive start for our stock markets.

Expect trading to be little volatile as the big traders will prefer to square off their positions

as Wall Street will be closed on Thursday for Thanksgiving Day. Also, our stock markets are

closed on Friday, 23rd of November on account of Guru Nanak Jayanti.

10600 -0.53%

26262 0.57%

9119 -0.16%

29391 -0.06%

3110 -0.31%

13879 -2.84%

2433 -0.61%

4836 1.02%

3273 -0.80%

9375 1.70%

230 1.50%

6227 0.48%

35200 -0.77%

10666 0.42%

Volatile session likely.

Neutral (10571-10697)

Neutral (9750-10811)

Neutral (11501)

10551 & 10489

10697 & 10777

11111



Technical Strategy


Meanwhile, the upcoming events that are lined up in near term:

A. 5 December 2:30 PM RBI POLICY.

B. 6 December OPEC meeting.

C. 7 December After 6:00 PM 5 States Exit polls.

D.11 December 5 states Chhattisgarh, Mizoram, Rajasthan, Telangana, Madhya

Pradesh results.

STOCKS TO WATCH:

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

FEDERAL BANK and RAMCO CEMENTS on any intraday weakness with 2-3

days perspective.

• Bullish stocks: DLF, FEDERAL BANK, RAMCO CEMENTS, BAJAJ FINANCE, BAJAJ

FINSERV, JUST DIAL, SRF.

• Bearish stocks: MCX, BALKRISHNA INDUSTRIES, GODFREY PHILIPS,

HINDALCO, JAIN IRRIGATION.

• Show Me the Money: SELL NIFTY NOVEMBER CE strike price 10750 at CMP

40.25. Maximum Profit: Rs, 3,018.75. Loss: Unlimited. Stop: Exit Call option if Nifty

moves above 10700. (Nifty November Futures CMP 10626.90).

• Stocks banned in F&O segment for today: ADANI ENT, ADANI POWER, DHFL, JET

AIRWAYS, PC JEWELLER.

GLOBAL CUES:

• Wall Street wrapped yesterday's light trading session on mixed note ahead of the

Thanksgiving holiday. The S&P 500 and the Nasdaq Composite posted decent

gains, while the Dow Jones Industrial Average lost some ground late in the session

giving up a nearly 200 point intraday advance.

Investors will keep a close eye on retail stocks reporting earnings this week,

combined with Black Friday, which marks the unofficial start of the holiday shopping

season.

FII/DII & OPTIONS DATA:

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

Rs. 1652.04 crores in the Indian Equity Market. DIIs on the other hand, bought

shares worth Rs. 606.73 crores in the Indian Equity market.

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

11,000 strike price as maximum call open interest of 36.03 lakh contracts were seen

at the 11,000 strike price. Key support level for the November series is at 10,500 as

Maximum Put open interest of 31.13 lakh contracts was seen at the 10,500 strike

price.

COMMODITY CUES:

• Gold price traded sluggish in yesterday's trade. Key suppport seen at 30201 mark.

Interweek strategy: Establish long positions at CMP, targeting 31457 mark and then

aggressive targets at 31901 with stop at 30201.

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

strategy: Establish long positions between 427-433 zone, targeting 453 mark and

then at 455-461 zone. Stop below 421.

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

strategy: Establish long positions between 427-433 zone, targeting 453 mark and

then at 455-461 zone. Stop below 421.

BANK NIFTY ended on a positive note in

yesterday's trade, up 0.57% and most

importantly outperforming benchmark Nifty. We

suspect, there is further room to move up for

Bank Nifty.

On the short term charts, Bank Nifty is seen

moving on the upside from a 4- day consolidation

period. The index is seen attempting a major

upside breakout from a higher consolidation

zone on daily charts.

Technically, the momentum oscillators are

signaling a major surge. The index could move

towards its immediate hhurdles at 26800 zone.

Key support to watch in near term is at 25767

zone. Medium term supports seen at 25251 zone.

Interweek perspective: Establish long

positions between 25901-26101 zone, targeting

26501 zone and then aggressive targets at

26751-26801 zone with stop at 25767.

BANK NIFTY

Action

Target

Support

Resistance

Holding Period

26257

BUY

26801

25767/25251

26351/26901

5 Days.




MACRO WATCH:

• On the economic front, the U.S. homebuilder sentiment hit the lowest level in two years, according to the National Association of Home

Builders. The association said its index of builder confidence dropped 8 points to 60, missing analyst expectations for the key metric.

CURRENCIES & BONDS:

• The forex markets were closed yesterday. In Tuesday's trade, the rupee rose by 21 paise to end at 71.46 against the US dollar. Helping

sentiments were softening crude oil prices, and persistent foreign fund inflows. Technically, oversold conditions prevail. Buying USD/INR

advised only above 72.45.

WHAT TECHNICALS TELLS US ON NIFTY:

• Dalal Street slipped hard in Wednesday's trade, ending the session firmly in negative territory following weakness in global stock markets

and despite weakness in crude oil prices.

• Net-net, it was a tough day for our stock markets. The market breadth, indicating the overall health of the market, was weak. However, The

BSE Mid-Cap outperformed the benchmarks as it was up 0.64%. The BSE Small-Cap index too was marginally up at 0.06%.

• Technically speaking, Intraday supports on Nifty are placed at 10551 and then at then at 10489 mark. The intraday bias shifts to neutral as

Nifty was unable to move above the make or break hurdles at 10757-10,775 zone.

• Long term supports for Nifty in near term is at 9,951 mark. The technical landscape will worsen further only if Nifty closes below the 9,951

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

• The price action for Nifty is suggesting that we are likely to see an 10251 -10,801 range in near term with neutral bias.

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

The bigger battle for bulls camp would be

reclaiming Nifty's 200 DMA at 10,761. Our sense is

that there is a good chance that profit booking will

emerge amidst lack of any key positive triggers.

Preferred trade on Nifty: Nifty (10600): Sell on early strength between 10665-10691 zone, targeting 10551 zone and then aggressive targets

at 10401-475 zone with stop at 10777.

Preferred trade on Bank Nifty (26262): Buy between 25901-26101 zone, targeting 26501 zone and then aggressive targets at 26751-26801

zone with stop at 25767.

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


CEAT ended on a positive note in yesterday's trade, up 1.50% amidst tanking oil prices. Key intraday hurdles seen at 1281. Intraday Strategy: Buyl between 1249-1253 zone, targeting 1281 and then at 1301-1305 zone. Stop 1221.

DLF enjoyed strong session in yesterday's trade, 4.51%. Positive intraday bias as long as 175 support is held. Interweek Strategy: Buy between 177.50-180 zone, targeting 187 and then at 191-192.50 zone with stop below 173.05.

Positive bias as long as 77 support is held. Major strength above 86. Interweek Strategy: Buy between 81-82 zone, targeting 86 zone and then more aggressive targets located at 89-91 zone. Stop below 79.

Momentum oscillators signaling strength. Confirmation of strength above 649. Key intraday support seen at 614. Intraday Strategy: Buy between 621-625 zone, targeting 649 and then at 671-675 zone. Stop 607.

The intraday/interweek risk is on the upside with immediate targets at 2205. Momentum oscillators signaling strength. Interweek Strategy: Buy between 2090-2110 zone, targeting 2151 and then aggressive targets at 2201-2205 zone with stop below 2049.

Back in the Black. DLF appears attractive on declines.

CEAT

DLF

FEDERAL BANK

RAMCO CEMENTS

SRF

1263 1221 1169 1281 1305 Positive

182.8 175 161 187 192.5 Positive

82.95 79 77 86 91 Positive

627.85 614 607.5 649 675 Positive

2115 2060 2011 2151 2151 Positive



EQUITY DERIVATIVESLooking into the future from present.

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

Nifty Spot

VIX

Premium

Nifty Future 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)

Bank Nifty Spot

Bank Nifty OIFuture

Market Summary:

Dalal Street shed another 56 points in Wednesday's trade, but somehow defended

its psychological 10600 mark. Net-net, again it was a tough day for our stock

markets. The market breadth, indicating the overall health of the market, was weak.

However, The BSE Mid-Cap outperformed the benchmarks as it was up 0.64%. The

BSE Small-Cap index too was marginally up at 0.06%.

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

Index (up 1.53%), BSE Healthcare Index (down 1.04%), BSE Consumer Durables

Index (down 0.75%).

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

(down 2.92%), BSE Teck Index (down 2.47%), BSE Power Index (down 1.04%).

Amongst stock specific action, positive bias was seen in stocks like DR REDDY (up

6.44%), GRASIM (up 3.47%), YES BANK (up 3.28%)

Among stocks drifting down were: TCS (down 3.47%), INFY (down 3.41%),

POWERGRID (down 3.40%).

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

Strike Price for November Series. Short buildup was seen at strike prices 10500-

10750 for November series.

Maximum Put Open Interest (OI) was seen at strike price 10000 followed by 10500

strike price for November series. Short covering was seen at strike prices 10650-

10800 for November series

As per Wednesday’s Provisional Data available on the NSE, FII’s sold shares worth

Rs. 1652.04 crores in the Indian Equity Market. DIIs on the other hand, bought

shares worth Rs. 606.73 crores in the Indian Equity market.

Highest OI Nifty: Calls 11000: 36.04 L - Puts 10000: 39.17

Highest OI Bank Nifty: Calls 26000: 5.10 L - Puts 25000: 7.69 L

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

Long Buildup: FEDERAL BANK, UPL, GSFC, AXIS BANK.

Short Buildup: NTPC, INFY, TATA STEEL, SAIL, TCS.

Short Covering: SUZLON, YES BANK, PFC, ASHOK LEYLAND, SBIN.

Long Unwinding: RELIANCE, VEDL, GRANULES, L&T, COAL INDIA.

Stocks banned in F&O segment for today: ADANI ENT, ADANI POWER, DHFL,

JET AIRWAYS, PC JEWELLER.

New In Ban: NIL.

Out of Ban: NIL

Future Call: SELL TATA STEEL NOVEMBER FUTURES between

557-561 zone. Targets at 544 and then at 527. Stop: 571. Holding

Period: Intraday. Analyst’s Remark: Breaking Down (Tata Steel

November Futures CMP 553.10).

Option Call: SELL NIFTY NOVEMBER CE strike price 10750 at CMP

40.25. Maximum Profit: Rs, 3,018.75. Loss: Unlimited. Stop: Exit

Call option if Nifty moves above 10700. (Nifty November Futures

CMP 10626.90).

10600.05 (-0.53%)

26262.05 (+0.57%)

19.5550 (+1.18%)

+27 vs +08

2.34 crores (-2.60%)

16.64 lakhs (+7.44%)

2570.89 2347.14

28645.52 27000.71

932605 659232

346549 22875

904442 51765

13980702 806203

869738 51762

16101431 932605

Calls in lakhs (% Change)

10700 32.94 (+18%)

10800 33.27 (-8%)

10600 24.47 (+53%)

Puts in lakhs (% Change)

10600 28.04 (+6%)

10500 31.13 (-11%)

10400 23.41 (-12%)


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 10600.05 10551.17 10502.28 10660.12 10720.18 10611.23 10747.93 DOWN

BANKNIFTY 26262.05 26101.05 25940.05 26382.55 26503.05 26221.55 26016.51 UP

NIFTYMID50 4835.6 4794.38 4753.17 4859.03 4882.47 4817.82 5001.05 DOWN

ACC 1497.1 1471.83 1446.57 1513.73 1530.37 1488.47 1492.2 UP

ADANIENT 161 159 157 162.5 164 160.5 131.94 UP

ADANIPORTS 361.25 354.92 348.58 365.22 369.18 358.88 372.97 DOWN

AJANTPHARM 1147.95 1112.63 1077.32 1168.63 1189.32 1133.32 1171.58 DOWN

ALBK 44.95 44.38 43.82 45.48 46.02 44.92 44.81 UP

AMARAJABAT 726.45 716.63 706.82 733.63 740.82 723.82 796.42 DOWN

ANDHRABANK 28.9 28.43 27.97 29.23 29.57 28.77 35.58 DOWN

APOLLOTYRE 225.45 222.92 220.38 229.87 234.28 227.33 259.1 DOWN

ARVIND 319.05 314.13 309.22 322.98 326.92 318.07 387.03 DOWN

ASHOKLEY 110.3 108.03 105.77 111.73 113.17 109.47 133.11 DOWN

ASIANPAINT 1324.2 1311.13 1298.07 1339.88 1355.57 1326.82 1255.5 UP

AUROPHARMA 803.7 786.03 768.37 814.38 825.07 796.72 646.81 UP

AXISBANK 626.85 615.15 603.45 633.6 640.35 621.9 558.87 UP

BAJAJ-AUTO 2604.65 2572.83 2541.02 2654.73 2704.82 2622.92 2822.24 DOWN

BAJAJFINSV 5851.95 5737.1 5622.25 5919.7 5987.45 5804.85 5806.85 UP

BAJFINANCE 2430.55 2383.17 2335.78 2456.47 2482.38 2409.08 2185.85 UP

BALKRISIND 951.15 940.35 929.55 965.85 980.55 955.05 1141.34 DOWN

BALRAMCHIN 105.85 104.52 103.18 107.72 109.58 106.38 82.66 UP

BANKBARODA 112.2 110.65 109.1 113.6 115 112.05 132.06 DOWN

BANKINDIA 87.5 85.83 84.17 89.08 90.67 87.42 98.26 DOWN

BATAINDIA 975.6 965.08 954.57 988.03 1000.47 977.52 849.32 UP

BEL 94.25 92.65 91.05 95.5 96.75 93.9 118.02 DOWN

BEML 749.55 740.4 731.25 763.85 778.15 754.7 912.68 DOWN

BERGEPAINT 317.05 312.77 308.48 324.02 330.98 319.73 285.06 UP

BHARATFIN 962.5 952.73 942.97 972.13 981.77 962.37 1098.57 DOWN

BHARATFORG 580.25 570.15 560.05 587.7 595.15 577.6 664.13 DOWN

BHARTIARTL 332.7 328.75 324.8 338.05 343.4 334.1 372.54 DOWN

BHEL 66.6 65.73 64.87 67.63 68.67 66.77 78.75 DOWN

BIOCON 628.8 615.45 602.1 636.7 644.6 623.35 620.13 UP

BPCL 326.6 320.32 314.03 337.87 349.13 331.58 384.67 DOWN

BRITANNIA 6004.65 5934.77 5864.88 6049.77 6094.88 5979.88 5677.13 UP

CANBK 263.1 258.1 253.1 266.5 269.9 261.5 262.89 UP

CANFINHOME 264.55 257.87 251.18 269.67 274.78 262.98 369.6 DOWN

CAPF 496.9 485.97 475.03 502.92 508.93 491.98 578.48 DOWN

CASTROLIND 154.5 152.37 150.23 156.37 158.23 154.23 171.85 DOWN

CEATLTD 1260.7 1250.83 1240.97 1272.28 1283.87 1262.42 1389.63 DOWN

CENTURYTEX 914.55 897.47 880.38 925.82 937.08 908.73 1001.48 DOWN

CESC 690.25 681.17 672.08 697.67 705.08 688.58 944.81 DOWN

CGPOWER 39.15 37.7 36.25 40.15 41.15 38.7 63.71 DOWN

CHENNPETRO 261.15 256.6 252.05 268.6 276.05 264.05 307.66 DOWN

CHOLAFIN 1283.65 1265.53 1247.42 1297.33 1311.02 1279.22 1437.79 DOWN

CIPLA 522.15 519.62 517.08 526.37 530.58 523.83 599.41 DOWN

COALINDIA 260.95 259.73 258.52 262.68 264.42 261.47 279.71 DOWN

COLPAL 1160.05 1152.95 1145.85 1167.4 1174.75 1160.3 1123.94 UP

CONCOR 676.2 669.02 661.83 684.62 693.03 677.43 646.02 UP

CUMMINSIND 786.25 778.77 771.28 793.57 800.88 786.08 729.43 UP

DABUR 400.5 395.28 390.07 404.58 408.67 399.37 383.97 UP

DALMIABHA 2358.7 2268.6 2178.5 2421.6 2484.5 2331.5 2575.75 DOWN

DCBBANK 158.6 156.5 154.4 160.1 161.6 158 169.97 DOWN

DHFL 234.85 226.47 218.08 241.02 247.18 232.63 523.43 DOWN

DISHTV 38.75 37.93 37.12 39.28 39.82 38.47 66.74 DOWN

DIVISLAB 1538.6 1524.73 1510.87 1552.48 1566.37 1538.62 1176.64 UP

DLF 182.8 176.4 170 186.35 189.9 179.95 198.43 DOWN

DRREDDY 2601.8 2567.63 2533.47 2645.48 2689.17 2611.32 2254.4 UP

EICHERMOT 24216.4 23684.33 23152.27 25024.23 25832.07 24492.17 27637.33 DOWN

ENGINERSIN 118.7 116.27 113.83 120.22 121.73 117.78 138.26 DOWN

EQUITAS 108.4 106.63 104.87 109.93 111.47 108.17 141.66 DOWN

ESCORTS 661.6 653.6 645.6 668.25 674.9 660.25 832.4 DOWN

EXIDEIND 250.75 241.47 232.18 256.02 261.28 246.73 250.72 UP

FEDERALBNK 82.95 80.62 78.28 84.27 85.58 81.93 86.18 DOWN

FORTIS 146.55 145.47 144.38 147.77 148.98 146.68 143.16 UP

GAIL 345.05 341.08 337.12 348.13 351.22 344.17 349.59 DOWN

GLENMARK 641.15 635.28 629.42 647.13 653.12 641.27 583.74 UP

GMRINFRA 16.45 16.05 15.65 17 17.55 16.6 17.86 DOWN

GODREJCP 708.7 700.07 691.43 714.47 720.23 705.83 797.48 DOWN

GODREJIND 526.15 516.07 505.98 534.12 542.08 524.03 565.87 DOWN

GRANULES 95.4 93.72 92.03 98.27 101.13 96.58 101.44 DOWN

GRASIM 863.75 847.08 830.42 874.33 884.92 857.67 1022.17 DOWN

GSFC 106.55 103.7 100.85 108.5 110.45 105.65 115.69 DOWN

HAVELLS 669.8 662.87 655.93 679.62 689.43 672.68 577.72 UP

HCC 12 11.7 11.4 12.5 13 12.2 15.84 DOWN

HCLTECH 985.15 971.8 958.45 1006.25 1027.35 992.9 980.53 UP

HDFC 1868.15 1857.68 1847.22 1884.93 1901.72 1874.47 1855.56 UP

HDFCBANK 2018.75 2007.18 1995.62 2027.13 2035.52 2015.57 1998.78 UP

HDIL 22.25 21.4 20.55 22.85 23.45 22 30.48 DOWN

HEROMOTOCO 2912.05 2882.33 2852.62 2951.63 2991.22 2921.92 3378.16 DOWN

HEXAWARE 303.8 299.85 295.9 309 314.2 305.05 412.51 DOWN

HINDALCO 223.15 218.52 213.88 226.47 229.78 221.83 230.93 DOWN

HINDPETRO 245.95 240.07 234.18 256.82 267.68 250.93 295.12 DOWN

HINDUNILVR 1689.95 1677.1 1664.25 1704.4 1718.85 1691.55 1550.42 UP

HINDZINC 265.9 263.55 261.2 267.8 269.7 265.45 293.65 DOWN

IBREALEST 83.6 82.4 81.2 84.8 86 83.6 160 DOWN

IBULHSGFIN 705.35 691.23 677.12 722.23 739.12 708.12 1162.15 DOWN

ICICIBANK 356.75 353.1 349.45 360.35 363.95 356.7 307 UP

ICICIPRULI 321.55 318.77 315.98 324.52 327.48 321.73 384.51 DOWN

ICIL 60.25 59.68 59.12 61.13 62.02 60.57 80.47 DOWN

IDBI 60.3 59.98 59.67 60.68 61.07 60.37 62.78 DOWN

IDEA 44.55 42.68 40.82 45.98 47.42 44.12 59.21 DOWN

IDFC 38.8 38.2 37.6 39.2 39.6 38.6 48.06 DOWN

IDFCBANK 36.4 35.63 34.87 36.83 37.27 36.07 43.43 DOWN

IFCI 13.75 13.58 13.42 14.03 14.32 13.87 17.59 DOWN

IGL 265.75 262.57 259.38 268.92 272.08 265.73 275.96 DOWN

INDIACEM 93.7 92.05 90.4 94.8 95.9 93.15 123.79 DOWN

INDIANB 231.45 227.03 222.62 235.33 239.22 230.92 308.7 DOWN

INDIGO 1046.95 1033.17 1019.38 1069.87 1092.78 1056.08 1120.4 DOWN

INDUSINDBK 1546.7 1533.75 1520.8 1564.3 1581.9 1551.35 1799.3 DOWN

INFIBEAM 48.05 46.83 45.62 49.43 50.82 48.22 150.28 DOWN

INFRATEL 258.85 256.68 254.52 260.78 262.72 258.62 301.6 DOWN

INFY 619.1 607.45 595.8 635.4 651.7 623.75 636.84 DOWN

IOC 141.6 138.97 136.33 146.37 151.13 143.73 163.73 DOWN

IRB 142.65 137.7 132.75 146 149.35 141.05 203.26 DOWN

ITC 281.75 279.57 277.38 284.37 286.98 282.18 279.46 UP

JETAIRWAYS 318.7 312.15 305.6 328.1 337.5 321.55 429.17 DOWN

JINDALSTEL 170.85 166.82 162.78 173.57 176.28 169.53 220.96 DOWN

JISLJALEQS 71.4 70.12 68.83 72.22 73.03 70.93 93.3 DOWN

JPASSOCIAT 7.15 6.78 6.42 7.38 7.62 7.02 14.28 DOWN

JSWENERGY 68.5 66.8 65.1 70.2 71.9 68.5 71.98 DOWN

JSWSTEEL 326.05 322.63 319.22 329.43 332.82 326.02 332.44 DOWN

JUBLFOOD 1213.95 1198 1182.05 1226.9 1239.85 1210.95 1252.43 DOWN

JUSTDIAL 505.95 500.9 495.85 512.5 519.05 507.45 501.17 UP

KOTAKBANK 1176.7 1169.37 1162.03 1184.52 1192.33 1177.18 1204.94 DOWN

KPIT 207.8 199.75 191.7 213.1 218.4 205.05 250.76 DOWN

KSCL 515.65 509.47 503.28 521.02 526.38 514.83 536.89 DOWN

KTKBANK 104.15 102.78 101.42 105.23 106.32 103.87 116.49 DOWN

L&TFH 136.5 132.73 128.97 138.63 140.77 134.87 158.56 DOWN

LICHSGFIN 468.15 460.03 451.92 474.43 480.72 466.32 496.64 DOWN

LT 1402.1 1392.32 1382.53 1412.82 1423.53 1403.03 1318.85 UP

LUPIN 849.55 844.18 838.82 856.23 862.92 850.87 836.4 UP

M&M 769.1 759.93 750.77 783.03 796.97 773.87 840.32 DOWN

M&MFIN 430 424 418 434 438 428 457.91 DOWN

MANAPPURAM 85 83.62 82.23 85.87 86.73 84.48 101.13 DOWN

MARICO 352.4 350.33 348.27 354.23 356.07 352.17 330.34 UP

MARUTI 7424.5 7348.67 7272.83 7483.17 7541.83 7407.33 8598.15 DOWN

MCDOWELL-N 638 626.72 615.43 647.37 656.73 636.08 622.37 UP

MCX 707 701.03 695.07 712.78 718.57 706.82 769.95 DOWN

MGL 858.75 849.62 840.48 871.42 884.08 862.28 886.42 DOWN

MOTHERSUMI 151.05 149.73 148.42 152.93 154.82 151.62 201.66 DOWN

MRF 67324.2 66433.47 65542.73 67891.47 68458.73 67000.73 72134.51 DOWN

MRPL 76.25 73.78 71.32 78.98 81.72 76.52 93.58 DOWN

MUTHOOTFIN 452.8 447.38 441.97 456.83 460.87 451.42 411.16 UP

NATIONALUM 66.9 65.52 64.13 68.17 69.43 66.78 69.15 DOWN

NBCC 58.7 58.1 57.5 59.6 60.5 59 81.83 DOWN

NCC 88.65 86.7 84.75 89.95 91.25 88 103.5 DOWN

NMDC 98.1 97.12 96.13 99.17 100.23 98.18 115.06 DOWN

NTPC 147.85 146.72 145.58 149.42 150.98 148.28 163.46 DOWN

OFSS 3424.1 3399.53 3374.97 3454.33 3484.57 3429.77 3950.63 DOWN

OIL 202.65 201.15 199.65 204.75 206.85 203.25 216.44 DOWN

ONGC 151.75 150.2 148.65 154.4 157.05 152.85 171.98 DOWN

ORIENTBANK 88.65 86.43 84.22 91.03 93.42 88.82 83.53 UP

PCJEWELLER 78.35 76.1 73.85 80.55 82.75 78.3 177.2 DOWN

PEL 2257.15 2213.63 2170.12 2309.28 2361.42 2265.77 2527.11 DOWN

PETRONET 214.45 213.37 212.28 215.77 217.08 214.68 226.29 DOWN

PFC 104.35 102.07 99.78 106.07 107.78 103.78 86.62 UP

PIDILITIND 1155.4 1136 1116.6 1167.35 1179.3 1147.95 1033.47 UP

PNB 72.7 71.47 70.23 73.47 74.23 72.23 88.73 DOWN

POWERGRID 182.1 179.65 177.2 186.2 190.3 183.75 194.33 DOWN

PTC 80.6 79.5 78.4 81.6 82.6 80.5 84.52 DOWN

PVR 1418 1395.23 1372.47 1431.88 1445.77 1409.12 1324.62 UP

RAMCOCEM 627.85 617.37 606.88 635.52 643.18 625.03 708.58 DOWN

RAYMOND 804.5 795 785.5 812 819.5 802.5 886.04 DOWN

RBLBANK 554.05 547.95 541.85 561.05 568.05 554.95 530.01 UP

RCOM 13.75 13.53 13.32 13.93 14.12 13.72 17.54 DOWN

RECLTD 124.7 122.5 120.3 126.2 127.7 124 118.27 UP

RELCAPITAL 242.8 240.63 238.47 245.73 248.67 243.57 389.95 DOWN

RELIANCE 1112.9 1098.13 1083.37 1136.58 1160.27 1121.82 1040.51 UP

RELINFRA 363.5 356.83 350.17 369.33 375.17 362.67 408.92 DOWN

REPCOHOME 401.7 392.83 383.97 407.73 413.77 398.87 538.45 DOWN

RPOWER 31.1 30.45 29.8 31.6 32.1 30.95 34.94 DOWN

S&P500 2641.89 2625.79 2609.7 2663.71 2685.54 2647.62 2760.89 DOWN

SAIL 61.9 61.3 60.7 62.5 63.1 61.9 75.81 DOWN

SBIN 287.05 283.55 280.05 290.05 293.05 286.55 270.48 UP

SHREECEM 15964.8 15696.15 15427.5 16163.2 16361.6 15894.55 16530.77 DOWN

SIEMENS 917.25 905.97 894.68 933.12 948.98 921.83 1033 DOWN

SOUTHBANK 14.6 14.28 13.97 14.83 15.07 14.52 21.26 DOWN

SREINFRA 33.75 32.68 31.62 34.53 35.32 33.47 63.06 DOWN

SRF 2114.95 2080.25 2045.55 2140.95 2166.95 2106.25 1904.8 UP

SRTRANSFIN 1185.55 1163.7 1141.85 1208.2 1230.85 1186.35 1337.34 DOWN

STAR 458.65 451.57 444.48 469.67 480.68 462.58 508.92 DOWN

SUNPHARMA 532.85 526.8 520.75 537.6 542.35 531.55 556.27 DOWN

SUZLON 5.55 5.42 5.28 5.67 5.78 5.53 8.82 DOWN

SYNDIBANK 35.65 35.2 34.75 35.95 36.25 35.5 46.4 DOWN

TATACHEM 684.95 678.18 671.42 692.73 700.52 685.97 707.52 DOWN

TATACOMM 533.2 526.13 519.07 539.13 545.07 532.07 579.53 DOWN

TATAGLOBAL 219 215.85 212.7 221.3 223.6 218.15 253.54 DOWN

TATAMOTORS 184.15 183.02 181.88 186.02 187.88 184.88 285.51 DOWN

TATAMTRDVR 100 99.17 98.33 101.07 102.13 100.23 160.61 DOWN

TATAPOWER 78.15 76.9 75.65 79.25 80.35 78 77.26 UP

TATASTEEL 551.4 546.93 542.47 558.93 566.47 554.47 590.1 DOWN

TCS 1812 1783.35 1754.7 1855.85 1899.7 1827.2 1799.65 UP

TECHM 690.65 680 669.35 705.55 720.45 694.9 674.05 UP

TITAN 926.55 914.1 901.65 934.45 942.35 922 875.9 UP

TV18BRDCST 36.4 36.08 35.77 36.83 37.27 36.52 51.58 DOWN

UBL 1319.95 1293.13 1266.32 1335.88 1351.82 1309.07 1171.55 UP

UJJIVAN 220.6 216.77 212.93 223.17 225.73 219.33 344.21 DOWN

ULTRACEMCO 4043.8 3969.23 3894.67 4086.18 4128.57 4011.62 3972.42 UP

UNIONBANK 82.15 80.08 78.02 83.63 85.12 81.57 88.73 DOWN

UPL 779.25 764.67 750.08 789.17 799.08 774.58 686.38 UP

VEDL 201.9 200.47 199.03 203.87 205.83 202.43 253.85 DOWN

VOLTAS 560.3 550.58 540.87 566.98 573.67 557.27 574.81 DOWN

WIPRO 314.15 311.6 309.05 318.35 322.55 315.8 291.15 UP

YESBANK 198.15 194.9 191.65 201.1 204.05 197.85 313.8 DOWN

ZEEL 438.7 432.6 426.5 447.8 456.9 441.7 529.14 DOWN



Comfort ‘Forecast and Analysis’

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

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

Forecast and Analysis

Instrument TRADING STRATEGYLTP S1 S2 R1 R2 Bias


MCX GOLD

MCX SILVER

MCX CRUDE OIL

MCX COPPER

MCX NATURAL GAS

USD-INR

Forecast and Analysis …Direction at a glance



Gold price traded sluggish in yesterday's trade. Key suppport seen at 30201 mark. Interweek strategy: Establish long positions at CMP, targeting 31457 mark and then aggressive targets at 31901 with stop at 30201.

Silver prices inched higher in yesterday's trade. Interweek strategy: Establish short positions only on any weakness below 36001 zone, targeting 35211 mark and then aggressive targets at 34251-24401 zone with stop at 37749.

Crude-oil prices were seen attempting major rebound in yesterday's trade amidst value buying. Confirmation of strength only above 4245. Interweek strategy: Establish long positions at CMP, targeting 4245 and then 4551 zone with stop at 3801.

Copper prices were seen trading range bound in yesterday's trade. Interweek strategy: Establish long positions between 427-433 zone, targeting 453 mark and then at 455-461 zone. Stop below 421.

Natural Gas prices flared up in yesterday's trade in line with our buy call. Interweek strategy: Establish long positions between 307-315 zone, targeting 335 and then aggressive targets at 345-351 zone with stop at 291.

The Indian Rupee is likely to trade rangebound in today's trade amidst long weekend and lack of any fresh catalyst. Technically, oversold conditions prevail. Buying advised only above 72.45.

30829 30201 30000 31457 31901 Neutral

36935 36000 35221 37749 38381 Neutral

3956 3801 3750 4245 4551 Neutral

438 425 411 453 461 Neutral

325.00 305.00 275.00 335.00 351.00 Positive

71.46 71.45 70.00 72.45 75.00 Positive

MCX OIL: Establish long positions at CMP, strength seen above 4245.

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 attempts to recover! Negative bias to continue.

Gold prices were seen trading with positive bias in yesterday's trade. Hurdles now seen at 1245. Confirmation of major strength only above 1245. Interweek Strategy: Buy between 1209-1213 zone, targeting 1231 and then at 1242-1245 zone with stop below 1205.

Silver prices were trading with slight positive bias in yesterday's trade. Hurdles now seen at 15.05. Confirmation of major strength only above 15.45. Interweek Strategy: Sell below 14.85 zone, targeting 13.75 zone and then at 13.05 with stop above 15.11.

Crude-oil prices were seen attempting a rebound in yesterday's trade. Confirmation of strength only above 57.50. Inerweek strategy: Establish long positions at CMP, targeting 57.50 zone and then 60-62.50 zone with stop at 52.05.

EUR/USD was seen gaining strength in Wednesday's trade. We have a negative bias on EUR/USD. Major weakness seen only below 1.1201. Selling on strength should be preferred strategy.

We have positive bias for US Dollar Index. Hurdles at 99. Aggressive upside targets seen at 101. Downside well supported at 95. Major weakness now only below 92.50.

In Wednesday's trade at Wall Street, the Dow Jones index rose and reclaimed some of its recent losses. Dow faces major hurdles at 27200. Negative bias.

1228 1211 1191 1231 1245 Neutral

14.49 13.75 13.05 15.05 16.09 Neutral

55.4 52.5 50 57.5 62.5 Neutral

1.1394 1.1201 1.1100 1.1505 1.1777 Negative

96.68 95.00 92.50 99.00 101.00 Positive

24639 24221 23751 25901 27201 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

138.75 137.75 136.75 139.35 139.95 145.98 142.15 DOWN

1486.4 1475.93 1465.47 1500.93 1515.47 1147.52 1430 DOWN

5594 5539.33 5484.67 5659.33 5724.67 4464.5 6185 UP

4544 4477.67 4411.33 4607.67 4671.33 3860.09 4720 DOWN

435.6 430.7 425.8 444.6 453.6 444.75 443.85 DOWN

21840 21706.67 21573.33 22086.67 22333.33 21840.6 22620 DOWN

3854 3747.33 3640.67 4039.33 4224.67 4625.35 4335 UP

30814 30718 30622 30950 31086 30721.96 31328 DOWN

9173 9130.33 9087.67 9200.33 9227.67 8996.39 9850 DOWN

4456.5 4415.67 4374.83 4501.67 4546.83 4196.39 4678 DOWN

19240 19216.67 19193.33 19256.67 19273.33 17477.07 19480 DOWN

139.25 137.95 136.65 141.7 144.15 153.42 134.98 DOWN

1655.7 1635.97 1616.23 1695.17 1734.63 1487.56 1857.55 UP

313.4 303.63 293.87 328.23 343.07 202.45 247.9 UP

787.9 780.53 773.17 801.13 814.37 926.4 837.25 UP

3948 3938.67 3929.33 3953.67 3959.33 4053.69 4240 DOWN

36592 36386.34 36180.67 36911.34 37230.67 38635.36 37554 DOWN

3050 3050 3050 3050 3050 3614.83 3015 DOWN

3374 3356 3338 3401 3428 3517.26 3303 UP

185.9 183.52 181.13 189.57 193.23 197.91 178.7 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 · 2.The ongoing bout of weakness in Crude oil...

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