comfort securities limited daily research reports...28th september, 2018 stock of the day: (f &...

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Welcome Note

Friday28th September, 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

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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 Friday's trading action at Dalal Street, dated 28th of

September 2018.

Judging by early action at SGX Nifty, it's almost certain that Dalal Street will greet October

series with a rally! A rebound attempt quite likely thanks to positive overnight Wall Street

cues and a green Asia at the time of writing.

Outlook for Friday: Bargain hunting could be the theme.

Our call of the day suggests that the benchmark Nifty may trade with positive bias in

today's trade; but having said that any excessive upside likely to be capped amidst:

1. The U.S Dollar index hitting a two-week high after the Fed raised its policy interest

rate. The Indian Rupee may again weaken on this strengthening of the US dollar

overseas. There will be no respite for the Indian Rupee amidst soaring crude oil

prices.

2. Oil prices at 4-year high as producers rebuff Trump’s demand to keep crude prices

low.

3. Concerns about lingering U.S-China trade tensions.

STOCKS TO WATCH:

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

RELIANCE INDUSTRIES (RIL) and BRITANNIA with interweek perspective.

• Bullish stocks: RELIANCE INDUSTRIES (RIL), HINDUSTAN ZINC, MINDTREE,

KPIT, BIOCON, VEDANTA, NESTLE, and BRITANNIA

• Bearish stocks: HEROMOTO CORP, CANFINA HOMES, INDIAN OIL

CORPORATION, PNB, OBC, NALCO.

• Show Me the Money: Buy BRITANNIA (5699): Britannia is signaling a major

rebound from an oversold conditions on daily charts. Interweek Strategy: Establish

long positions between 5645-5661 zone, targeting 5951 and then aggressive

targets located at 6100-6145 zone. Stop below 5445.

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

• State-run Punjab National Bank's board on Thursday approved a proposal for capital

infusion of Rs. 5,431 crore from the central government by way of preferential issue

of equity shares. The Reserve Bank of India (RBI) has cancelled a meeting with the

shareholders of debt-laden Infrastructure Leasing and Finance Services (IL&FS) on

Friday, according to banking sources.

• The central bank had called a meeting with key shareholders of IL&FS, including Life

Insurance Corporation of India (LIC) and State Bank of India, after the company

and its subsidiaries defaulted on repayments of various debt instruments.

GLOBAL CUES:

• Wall Street ended higher in Thursday's trade higher Thursday, as solid data

bolstered confidence in the economy a day after the Federal Reserve raised interest

rates for the third time this year.

• At the time of writing, Japanese stock markets were seen gaining and

outperforming thanks to a slide in the yen to the weakest level this year. The

Japanese currency’s move was part of a broader advance in the dollar after the

Federal Reserve’s meeting which hiked interest rates.

10974 -0.80%

25042 -1.32%

9815 -1.87%

29660 -0.06%

3045 -1.27%

16018 0.54%

2493 -0.96%

4729 -2.24%

3670 -0.66%

10092 -1.91%

231 -2.76%

6481 -2.52%

36324 -0.60%

11081 0.35%

Volatile session likely.

Neutral (10921-11101)

Neutral (10500-11701)

Neutral (12001)

10871 & 10651

11221 & 11501

11575



Technical Strategy


FII/DII & OPTIONS DATA:

• As per Thursday’s provisional Data available on the NSE, FII’s bought shares worth

Rs. 552.44 crores in the Indian Equity Market. DIIs on the other hand sold shares

worth Rs. 186.69 crores in the Indian Equity market.

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

11,200 strike price as maximum call open interest (OI) of 39.81 lakh contracts were

seen at the 11,200 strike price. While support for Nifty are seen at 10,900 strike

price as maximum put open interest seen at 10,900 strike price.

COMMODITY CUES:

• Crude Oil prices trade firm in Thursday's trade, at four-year highs. We continue with

our positive stand on crude-oil prices. At a meeting over the weekend, a committee

made up of some members of the Organization of the Petroleum Exporting

Countries and some allied oil producers did not commit to an additional increase in

crude output to help offset expected supply disruptions from U.S. sanctions on

Iranian oil.

• Copper prices drifted lower in yesterday's trade amidst profit booking. Bias

continues to be positive. MCX COPPER (448): Interweek strategy: Establish long

positions on dips between 445-447 zone, targeting 461 and then finally at 475-475

zone with stop at 429.50.

• Gold futures were seen drifting lower in Thursday's trade amidst strength in U.S

Dollar. Intraday Strategy: Establish short positions between 1203-1205 zone,

targeting 1181 zone and then aggressive targets at 1175-1179 zone with stop at

1215.

MACRO WATCH:

• The Reserve Bank of India (RBI) eased cash requirements for banks on Thursday

and said it would provide "durable liquidity", but the relief was short-lived for

markets fearful of a credit crunch arising from problems among non-banking

finance companies (NBFCs).

• The Federal Open Market Committee lifted interest rates for the third time this year

and the eighth time since beginning its monetary-policy normalization imitative in

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

federal-funds rate to a range between 2% to 2.25%.

The Fed has also predicted another hike by December and three more in 2019.

Growth and job gains have been “strong” and inflation remains near the central

bank’s 2 percent target, the FOMC said in its statement. The Fed also dropped the

phrase that its policy remains “accommodative.” However, the removal of the word

should be taken as an indication that the economy is performing as expected,

emphasized Fed Chairman Jerome Powell during the news conference following the

Fed’s announcement.

Interestingly, Powell said that although tense trade relations were on the central

bank’s radar it hadn’t yet risen to the level of a significant concern for policy makers.

• The Cabinet approved a new policy for the telecom sector. The government expects

to attract $100 billion in investments in the sector, Telecoms Minister Manoj Sinha

said.

CURRIENCIES & BONDS:

• In Thursday's trade, the Indian Rupee rose marginally against the US dollar.

At the current level, the rupee has declined around 13% against the greenback so

INDIAN OIL CORPORATION (IOC)

Action

Target

Support

Resistance

Holding Period

152.6

SELL ON STRENGTH

137.5

147.50/135

161/167.50

9 Days.

In yesterday's trade, Indian Oil Corporation

ended on a negative note and was seen

attempting a breakdown from a lower

consolidation zone on the daily charts, down

1.17%.

Technically, the stock is in consolidation mode at

lower levels and the momentum oscillators are

signaling a major breakdown. Any move above

147.50 zone will confirm weakness which also

needs to be backed by increases in volumes. The

stock is seen moving down on daily charts,

backed by negative divergences.

Key support to watch in near term is at 147.50

zone. Medium term supports seen at 135-137.50

zone.

We expect INDIAN OIL CORPORATION to

underperform the benchmark Nifty and the BSE

Oil & Gasl index in a big way from here on.

Establishing short positions between 156-157.50

zone, as the stock is likely to stage steep decline

towards 147.50 and then aggressive targets seen

at 135-137.50 zone. Place stops above 163.50.

Holding Period: 9 days.




far this year. Data shows the RBI spent $6.2 billion defending the rupee in June. This eased to $1.8 billion in July when markets stabilised,

and is estimated to have remained around $2 billion in August despite renewed market volatility.

What Technical Tells Us on Nifty:

Nifty ended with major losses in yesterday's trade, down 0.69% at 10,977 mark.

The market breadth, indicating the overall health of the market, was weak. The BSE Mid-Cap index fell 2.19%. The BSE Small-Cap index fell

1.97%. Both these indices underperformed the Sensex..

Technically speaking, key support for the day on Nifty is at 10,845 mark. The technical landscape will worsen further if Nifty closes below the

10,845 mark as that would open the door to massive technical selling, possibly quickly towards the 10,650-10,751 zone.

The intraday bias is neutral/negative and selling on any corrective strength should be the preferred strategy.

For the day, we believe, Nifty will drift after a higher open with intraday downside targets at 10,901. The make or break hurdles are at 11,521 mark.

Intraday hurdles at 11,221 mark.

The price action for Nifty is suggesting that we are likely to see an 10,750-11,451 range in near term with neutral bias.

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

Volatility likely to be the hallmark of today's trade. Short covering could be the theme as it is the first day of October series. Please note,

Dalal Street will become the poster boy of short-squeeze only if Nifty moves above 11,501 mark.

Preferred trade on Nifty: Nifty (10977): Buy at CMP, targeting 11101 zone and then aggressive targets at 11201-11221 zone with stop at

10845.

Preferred trade on Bank Nifty: Bank Nifty (25042): Buy at CMP, targeting 25751-25901 zone and then at 26251 zone with stop at 24751.

Daily Chart of the day



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


HEROMOTO CORP is underperforming Nifty and Auto Index . Key intraday support seen at 3221. Interweek Strategy: Sell between 3115-3135 zone, targeting 2925 and then aggressive targets at 2528-2831 zone. Stop above 3351.

The recent sequence of lower high/low is intact on daily charts of L&T FINANCIAL. Major hurdles at 142.50. Interweek Strategy: Selling on early excessive strength between 131-135 zone, targeting 120 and then aggressive targets at 107.50-111 zone. Stop above 137.15.

Britannia is signalling a major rebound from an oversold conditions on daily charts. Interweek Strategy: Establish long positions between 5645-5661 zone, targeting 5951 and then aggressive targets located at 6100-6145 zone. Stop below 5445.

Extremely oversold conditions prevail. Major support seen at 9361 mark. Interweek Strategy: Buy at CMP, targeting 9801 and then aggressive targets at 10001-10201 zone. Stop below 9361.

RELIANCE INDUSTRIES (RIL) enjoyed a strong session in Thursday's trade, up 0.19%. Key intraday support seen at 1227. Interweek Strategy: Buy between 1227-1235 zone, targeting 1275 and then at 1295-1301 zone. Stop below 1209.

The interweek risk is on the downside for HeroMoto Corp. Sell on any early strength.

HEROMOTO CORP

L& T FINANCIAL

BRITANNIA

NESTLE

RELIANCE INDUSTRIES (RIL)

3080 2925 2825 3221 3350 Negative

125.3 120 107.5 135 142.5 Negative

5699 5551 5375 5951 6145 Positive

9578 9475 9361 10001 10201 Positive

1253.75 1227 1195 1275 1301 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 surrendered yesterday’s early morning optimism as sentiment turned cautious

despite the government raising import tariffs on select goods and the central bank announcing measures

to ease liquidity concerns. Helping negativity were accusation by President Trump at the United Nations on

Wednesday that Beijing was trying to interfere in the U.S. midterm elections and attempting to damage

him politically. Denting sentiments were also the strength in Oil prices, which are now at 4-year high. Amidst this negative backdrop, Nifty ended below the psychological 11,000 mark and was down 6% in the

September series. The negative take away from today's trade was that NBFC witnessed another big

declines as DHFL ended 5% down at 290 while Bajaj Finance too slipped around 5%. Amongst banking

stocks, Yes Bank tanked 9% to end at 204. Technically speaking, key support on Nifty for today's trade is at 10,845 mark. The technical landscape will

worsen further if Nifty closes below the 10,845 mark as that would open the door to massive technical

selling, possibly quickly towards the 10,650-10,751 zone.

Perma bulls could look to establish long positions in stocks like Nestle, Britannia & Hindustan Unilever with

interweek perspective.

Amongst Broader Indices, the BSE Midcap Index was down 2.19%. The BSE Smallcap Index too was down

1.97%. Both the indices underperformed the Sensex.

Amongst the sectoral indices, outperforming the Sensex/Nifty was BSE IT Index (up 0.77%), BSE Teck

Index (up 0.65%).

Amongst the sectoral indices, underperforming the Sensex/Nifty were BSE Realty Index (down 2.79%),

BSE Capital Goods Index (down 1.99%), BSE Auto Index (down 1.86%)

Amongst stock specific action, positive bias was seen in stocks like INFRATEL (up 3.23%), TCS (up

2.00%), ULTRATECH (up 1.70%)

Among stocks drifting down were: YES BANK (down 9.01%), IBHSGFIN (down 5.83%), BAJFIN (down

4.59%)

Maximum Call Open Interest (OI) stands at 11500 Strike Price, followed by 11200 Strike Price for October

Series. Fresh short builtup was seen at 10900-11150 strike prices for October Series.

Maximum Put Open Interest (OI) was seen at strike price 11000 followed by 10800 strike price for October

series. Put buying was seen at 10600-11100 strike price for October Series.

As per Thursday’s Provisional Data available on the NSE, FII’s bought shares worth Rs. 552.44 crores in the

Indian Equity Market. DIIs on the other hand sold shares worth Rs. 186.69 crores in the Indian Equity

market.

Highest OI Nifty: Calls 11500: 25.19 L - Puts 11000: 25.28

Highest OI Bank Nifty: Calls 25500: 4.65 L - Puts 26500: 4.46 L

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

Long Buildup: GAIL, BIOCON, UBL, OFSS, BOSCH.

Short Buildup: YES BANK, ICICI BANK, JSW STEEL, JAIN IRRIGATION, DLF.

Short Covering: HDFC BANK, PETRONET, BPCL, HCLTECH, TVS MOTORS.

Long Unwinding: SAIL, VEDL, AXIS BANK,

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

New In Ban: NIL.

Out of Ban: ADANI POWER, JET AIRWAYS, PNB.

Future Call: BUY GAIL OCTOBER FUTURES between 373-375.75

zone. Targets at 383 and then at 395. Stop: 369.35. Holding Period:

Intraday. Analyst’s Remark: Momentum Play (GAIL October Futures

CMP 379.90).

Option Call: BUY PETRONET OCTOBER CE strike price 240 at CMP

5.05. Profit: Unlimited. Maximum Loss: Rs. 15,150. Stop: Exit Call

Option if Petronet moves below 221. (Petronet October Futures CMP

229.35).

10977.55 (-0.69%)

25042.15 (-1.32%)

16.9225 (-0.97%)

+63 vs 42

1.7 crores (+65.44%)

14.45 lakhs (+112.34%)

2946.27 3154.11

42009.69 35572.48

1894899 1229901

539509 47572

2157195 135892

17258067 1641398

1022837 70037

20977608 1894899

Calls in lakhs (% Change)

11100 18.2 (+52%)

11200 21.05 (+46%)

11300 15.57 (+41%)

Puts in lakhs (% Change)

10600 12.26 (+60%)

10700 11.83 (+27%)

10800 24.76 (+20%)


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 10977.55 10924.12 10870.68 11060.22 11142.88 11006.78 10766.93 UP

BANKNIFTY 25042.15 24881.97 24721.79 25327.42 25612.68 25167.23 26109.77 DOWN

NIFTYMID50 4729.4 4686.55 4643.7 4808.55 4887.7 4765.7 5149.26 DOWN

ACC 1561.25 1529.73 1498.22 1610.33 1659.42 1578.82 1546.99 UP

ADANIENT 142.25 135.62 128.98 145.97 149.68 139.33 128.56 UP

ADANIPORTS 335.25 328.62 321.98 343.42 351.58 336.78 388.72 DOWN

AJANTPHARM 1101.7 1087.38 1073.07 1120.28 1138.87 1105.97 1250.85 DOWN

ALBK 36.45 35.85 35.25 37.35 38.25 36.75 50.87 DOWN

AMARAJABAT 755.25 740.5 725.75 778.7 802.15 763.95 810.85 DOWN

ANDHRABANK 27.8 26.63 25.47 29.58 31.37 28.42 41.16 DOWN

APOLLOTYRE 222.05 216.03 210.02 232.18 242.32 226.17 268.18 DOWN

ARVIND 337 329.8 322.6 349.45 361.9 342.25 409.77 DOWN

ASHOKLEY 120.4 119.17 117.93 122.27 124.13 121.03 134.32 DOWN

ASIANPAINT 1287.5 1271.3 1255.1 1308.85 1330.2 1292.65 1239.12 UP

AUROPHARMA 740.6 730.8 721 757.2 773.8 747.4 628.93 UP

AXISBANK 600.15 591.52 582.88 614.27 628.38 605.63 554.47 UP

BAJAJ-AUTO 2783.55 2752.63 2721.72 2820.23 2856.92 2789.32 2937.12 DOWN

BAJAJFINSV 5979.8 5876.6 5773.4 6161.5 6343.2 6058.3 5728.49 UP

BAJFINANCE 2204.2 2156.43 2108.67 2287.68 2371.17 2239.92 2089.85 UP

BALKRISIND 1045.45 1014.03 982.62 1098.43 1151.42 1067.02 1171.22 DOWN

BALRAMCHIN 74.45 72.1 69.75 77.8 81.15 75.45 89.66 DOWN

BANKBARODA 104.35 102.2 100.05 108.1 111.85 105.95 142.86 DOWN

BANKINDIA 80.45 78.75 77.05 83.25 86.05 81.55 114.46 DOWN

BATAINDIA 983.55 965.77 947.98 995.77 1007.98 977.98 811.92 UP

BEL 82.05 80.38 78.72 84.83 87.62 83.17 134.54 DOWN

BEML 626.2 608.1 590 658.1 690 640 1077.53 DOWN

BERGEPAINT 290.95 287.05 283.15 296.35 301.75 292.45 279.02 UP

BHARATFIN 1043.3 1032.72 1022.13 1060.17 1077.03 1049.58 1109.64 DOWN

BHARATFORG 612.45 603.1 593.75 628.4 644.35 619.05 690.05 DOWN

BHARTIARTL 356.8 353.15 349.5 361.95 367.1 358.3 410.22 DOWN

BHEL 71.1 69.6 68.1 72.8 74.5 71.3 83.42 DOWN

BIOCON 708.4 698.62 688.83 715.07 721.73 705.28 605.2 UP

BPCL 372.2 366.75 361.3 376.2 380.2 370.75 421.51 DOWN

BRITANNIA 5699.8 5627.87 5555.93 5768.87 5837.93 5696.93 5508.28 UP

CANBK 227.65 224.02 220.38 234.07 240.48 230.43 285.52 DOWN

CANFINHOME 227.3 217.87 208.43 243.87 260.43 234.43 409.03 DOWN

CAPF 499.1 490.28 481.47 513.63 528.17 504.82 624.09 DOWN

CASTROLIND 147.15 145.05 142.95 149.5 151.85 147.4 180.91 DOWN

CEATLTD 1173.5 1135.27 1097.03 1244.82 1316.13 1206.58 1522.84 DOWN

CENTURYTEX 850.35 830.57 810.78 881.97 913.58 862.18 1105.07 DOWN

CESC 872.4 854.07 835.73 900.72 929.03 882.38 995.74 DOWN

CGPOWER 46.55 44.63 42.72 48.88 51.22 46.97 73.3 DOWN

CHENNPETRO 283 269.52 256.03 290.72 298.43 277.23 337.67 DOWN

CIPLA 659.35 651.2 643.05 672.25 685.15 664.1 600.99 UP

COALINDIA 276.25 272.13 268.02 279.18 282.12 275.07 281.32 DOWN

COLPAL 1103.2 1090.87 1078.53 1112.77 1122.33 1100.43 1124.5 DOWN

CONCOR 620.8 614.8 608.8 629.7 638.6 623.7 657.21 DOWN

CUMMINSIND 674.65 664.08 653.52 689.08 703.52 678.52 762.41 DOWN

DABUR 437.3 429.13 420.97 442.73 448.17 434.57 376.33 UP

DALMIABHA 2370.95 2320.02 2269.08 2453.87 2536.78 2402.93 2755.34 DOWN

DCBBANK 150.2 144.47 138.73 155.87 161.53 150.13 176.45 DOWN

DHFL 290.2 275.23 260.27 309.93 329.67 294.97 588.35 DOWN

DISHTV 57.35 55.6 53.85 59.85 62.35 58.1 72.74 DOWN

DIVISLAB 1365.9 1352.75 1339.6 1387.4 1408.9 1374.25 1121.75 UP

DLF 171.9 167.57 163.23 179.07 186.23 174.73 214.44 DOWN

DRREDDY 2541 2506.55 2472.1 2597.9 2654.8 2563.45 2240.45 UP

EICHERMOT 24902.2 24463.27 24024.33 25479.07 26055.93 25040.13 28733.77 DOWN

ENGINERSIN 122.3 120.37 118.43 123.97 125.63 122.03 151.77 DOWN

EQUITAS 126.3 123.42 120.53 131.12 135.93 128.23 147.74 DOWN

ESCORTS 645.7 632.3 618.9 669.05 692.4 655.65 856.89 DOWN

EXIDEIND 266.45 262.75 259.05 272.2 277.95 268.5 244.46 UP

FEDERALBNK 70.4 69.33 68.27 71.53 72.67 70.47 91.58 DOWN

FORTIS 134.45 132.22 129.98 136.57 138.68 134.33 145.25 DOWN

GAIL 377.7 372.07 366.43 386.37 395.03 380.73 351.99 UP

GLENMARK 644.4 635 625.6 657.2 670 647.8 577.21 UP

GMRINFRA 16.8 16.47 16.13 17.32 17.83 16.98 18.64 DOWN

GODREJCP 783.45 765.58 747.72 797.58 811.72 779.72 793.52 DOWN

GODREJIND 525.85 516.7 507.55 536.7 547.55 527.55 588.94 DOWN

GRANULES 98.65 95.98 93.32 102.58 106.52 99.92 108.28 DOWN

GRASIM 1025.5 1005.9 986.3 1055.8 1086.1 1036.2 1076.95 DOWN

GSFC 93.7 91.57 89.43 97.37 101.03 95.23 124.49 DOWN

HAVELLS 612.6 599.8 587 633.7 654.8 620.9 565.13 UP

HCC 11.55 11.23 10.92 11.98 12.42 11.67 23.26 DOWN

HCLTECH 1092.2 1085.65 1079.1 1101.6 1111 1095.05 960.7 UP

HDFC 1729 1713.85 1698.7 1756.45 1783.9 1741.3 1854.72 DOWN

HDFCBANK 1976.15 1958.87 1941.58 1989.72 2003.28 1972.43 1983.21 DOWN

HDIL 21.85 21.35 20.85 22.85 23.85 22.35 37.55 DOWN

HEROMOTOCO 3088.1 3065.1 3042.1 3121 3153.9 3098 3523.64 DOWN

HEXAWARE 435.5 430.73 425.97 440.58 445.67 435.82 411.04 UP

HINDALCO 243.9 240.87 237.83 248.87 253.83 245.83 236.23 UP

HINDPETRO 249.35 244.43 239.52 253.63 257.92 248.72 330.16 DOWN

HINDUNILVR 1620.1 1607.2 1594.3 1629 1637.9 1616.1 1504.39 UP

HINDZINC 306.1 300.72 295.33 310.47 314.83 305.08 299.34 UP

IBREALEST 101.05 96.05 91.05 109.2 117.35 104.2 185.26 DOWN

IBULHSGFIN 939.7 909.47 879.23 982.47 1025.23 952.23 1234.44 DOWN

ICICIBANK 306.65 302.63 298.62 313.33 320.02 309.32 304.7 UP

ICICIPRULI 337.5 332.48 327.47 345.33 353.17 340.32 396.53 DOWN

ICIL 67.8 66.63 65.47 69.73 71.67 68.57 90.29 DOWN

IDBI 48.85 46.73 44.62 51.83 54.82 49.72 63.12 DOWN

IDEA 38.5 37.42 36.33 40.52 42.53 39.43 70.49 DOWN

IDFC 40.2 39.13 38.07 41.93 43.67 40.87 52.15 DOWN

IDFCBANK 36.65 36 35.35 37.85 39.05 37.2 47.33 DOWN

IFCI 12.4 12.1 11.8 12.85 13.3 12.55 20.29 DOWN

IGL 257.15 250.93 244.72 266.58 276.02 260.37 288.49 DOWN

INDIACEM 104.5 100.6 96.7 111.5 118.5 107.6 139.87 DOWN

INDIANB 226.65 220.77 214.88 237.67 248.68 231.78 335.1 DOWN

INDIGO 839.55 822.13 804.72 852.83 866.12 835.42 1175.39 DOWN

INDUSINDBK 1682 1667.25 1652.5 1705.8 1729.6 1691.05 1824.19 DOWN

INFIBEAM 200.35 186.98 173.62 217.08 233.82 203.72 169.04 UP

INFRATEL 267.85 259.45 251.05 273.65 279.45 265.25 319.82 DOWN

INFY 724.8 717.9 711 731.25 737.7 724.35 610.57 UP

IOC 152.65 151.43 150.22 154.43 156.22 153.22 174.43 DOWN

IRB 136.8 133.92 131.03 141.67 146.53 138.78 221.11 DOWN

ITC 293.3 290.17 287.03 295.77 298.23 292.63 276.76 UP

JETAIRWAYS 183.4 175.1 166.8 189.75 196.1 181.45 528.05 DOWN

JINDALSTEL 223.6 219.13 214.67 230.48 237.37 226.02 229.05 DOWN

JISLJALEQS 72 70.05 68.1 75.4 78.8 73.45 104.26 DOWN

JPASSOCIAT 7.45 7.07 6.68 7.97 8.48 7.58 16.9 DOWN

JSWENERGY 62.95 62.12 61.28 63.72 64.48 62.88 76.06 DOWN

JSWSTEEL 400.3 393.23 386.17 409.93 419.57 402.87 317.27 UP

JUBLFOOD 1238.95 1209.77 1180.58 1291.52 1344.08 1262.33 1212.64 UP

JUSTDIAL 503.4 496.48 489.57 510.93 518.47 504.02 512.16 DOWN

KOTAKBANK 1142.45 1128.55 1114.65 1166.75 1191.05 1152.85 1183.77 DOWN

KPIT 241.3 236.57 231.83 248.17 255.03 243.43 246.59 DOWN

KTKBANK 99.9 98.62 97.33 102.07 104.23 100.78 126.06 DOWN

L&TFH 125.3 122.27 119.23 130.82 136.33 127.78 166.86 DOWN

LICHSGFIN 420.9 413.7 406.5 430.4 439.9 423.2 521.35 DOWN

LT 1309.9 1291.93 1273.97 1332.43 1354.97 1314.47 1319.45 DOWN

LUPIN 896.35 878.23 860.12 909.23 922.12 891.12 841.25 UP

M&M 877.45 864.15 850.85 893.1 908.75 879.8 836.37 UP

M&MFIN 399.55 384.03 368.52 422.23 444.92 406.72 470.61 DOWN

MANAPPURAM 75.55 73.58 71.62 78.98 82.42 77.02 107.86 DOWN

MARICO 336.7 332.4 328.1 343.05 349.4 338.75 328.85 UP

MARUTI 7553.05 7416.17 7279.28 7783.97 8014.88 7647.08 9021.87 DOWN

MCDOWELL-N 514.85 504.8 494.75 531.2 547.55 521.15 651.09 DOWN

MCX 710.9 692.42 673.93 743.27 775.63 724.78 806.4 DOWN

MGL 828.45 819.87 811.28 835.97 843.48 827.38 934.76 DOWN

MOTHERSUMI 259.35 253.4 247.45 263.65 267.95 257.7 326.91 DOWN

MRF 64202.85 62701.94 61201.02 66951.89 69700.92 65450.97 73262.7 DOWN

MRPL 74.7 73.45 72.2 75.75 76.8 74.5 102.42 DOWN

MUTHOOTFIN 416 404.72 393.43 432.57 449.13 421.28 416.39 DOWN

NATIONALUM 64.8 63.6 62.4 66.7 68.6 65.5 71.66 DOWN

NBCC 61.65 60.43 59.22 63.93 66.22 62.72 93.76 DOWN

NCC 78.6 77 75.4 81.3 84 79.7 112.96 DOWN

NMDC 118.15 115.7 113.25 120 121.85 117.55 121.09 DOWN

NTPC 167.95 166.3 164.65 169.8 171.65 168.15 166.39 UP

OFSS 3983.9 3936.73 3889.57 4031.83 4079.77 3984.67 4011.88 DOWN

OIL 215.15 211.27 207.38 220.42 225.68 216.53 224.49 DOWN

ONGC 175.8 173.32 170.83 180.02 184.23 177.53 178.39 DOWN

ORIENTBANK 63.2 60.98 58.77 66.48 69.77 64.27 92.47 DOWN

PCJEWELLER 66.95 65.2 63.45 69.65 72.35 67.9 254.68 DOWN

PEL 2366.05 2293.38 2220.72 2495.63 2625.22 2422.97 2645.33 DOWN

PETRONET 227 224.08 221.17 229.38 231.77 226.47 232.01 DOWN

PFC 79.1 77.38 75.67 81.78 84.47 80.07 92.5 DOWN

PIDILITIND 1056.45 1045.77 1035.08 1072.57 1088.68 1061.88 1014.1 UP

PNB 62.5 59.93 57.37 66.38 70.27 63.82 107.79 DOWN

POWERGRID 194.55 192.5 190.45 196.25 197.95 194.2 196.42 DOWN

PTC 68.15 67.17 66.18 69.77 71.38 68.78 91.75 DOWN

PVR 1255.1 1233.8 1212.5 1287.7 1320.3 1266.4 1340.18 DOWN

RAMCOCEM 650.5 638.25 626 664.6 678.7 652.35 738.05 DOWN

RAYMOND 701.65 686.75 671.85 725.15 748.65 710.25 949.46 DOWN

RBLBANK 523.2 515.22 507.23 536.57 549.93 528.58 529.12 DOWN

RCOM 12.35 11.77 11.18 13.22 14.08 12.63 19.82 DOWN

RECLTD 97.95 96.13 94.32 100.98 104.02 99.17 126.34 DOWN

RELCAPITAL 292.9 283.07 273.23 310.77 328.63 300.93 438.59 DOWN

RELIANCE 1253.75 1239.83 1225.92 1265.33 1276.92 1251.42 1009.01 UP

RELINFRA 303.75 294.47 285.18 319.27 334.78 309.98 441.99 DOWN

REPCOHOME 429.95 409.75 389.55 449 468.05 428.8 591.55 DOWN

RPOWER 26.1 25.55 25 27 27.9 26.45 38.29 DOWN

SAIL 74.2 73.15 72.1 76 77.8 74.95 80.28 DOWN

SBIN 265.35 263.2 261.05 268.05 270.75 265.9 277.34 DOWN

SHREECEM 17427.9 17163.7 16899.5 17808.4 18188.9 17544.2 17080.38 UP

SIEMENS 950.55 929.9 909.25 962.9 975.25 942.25 1091.81 DOWN

SOUTHBANK 13.55 13.1 12.65 14.3 15.05 13.85 24.43 DOWN

SREINFRA 33.2 29.38 25.57 38.63 44.07 34.82 75.13 DOWN

SRF 1809.55 1755.82 1702.08 1884.62 1959.68 1830.88 1914.07 DOWN

SRTRANSFIN 1149.85 1129.23 1108.62 1179.23 1208.62 1158.62 1396.32 DOWN

STAR 462.15 452.87 443.58 475.47 488.78 466.18 577.01 DOWN

SUNPHARMA 631.25 622.98 614.72 641.73 652.22 633.47 552.82 UP

SUNTV 620 608.68 597.37 639.03 658.07 627.72 875.82 DOWN

SUZLON 5.95 5.82 5.68 6.17 6.38 6.03 10.45 DOWN

TATACHEM 681.85 674.52 667.18 693.97 706.08 686.63 718.41 DOWN

TATACOMM 504.8 500.23 495.67 512.63 520.47 508.07 611.69 DOWN

TATAELXSI 1175.9 1159.7 1143.5 1196.4 1216.9 1180.2 1176.25 DOWN

TATAGLOBAL 233.25 230.63 228.02 236.33 239.42 233.72 268.58 DOWN

TATAMOTORS 225.25 220.05 214.85 233.5 241.75 228.3 327.25 DOWN

TATAMTRDVR 118.65 116.33 114.02 122.68 126.72 120.37 185.45 DOWN

TATAPOWER 68.6 67.65 66.7 70.1 71.6 69.15 81.24 DOWN

TATASTEEL 611.55 605.72 599.88 619.07 626.58 613.23 614.15 DOWN

TCS 2188.85 2146.53 2104.22 2220.43 2252.02 2178.12 1696.05 UP

TECHM 746.05 735.85 725.65 757.6 769.15 747.4 642.37 UP

TITAN 821.45 810.08 798.72 838.23 855.02 826.87 882.59 DOWN

TV18BRDCST 36.6 35.72 34.83 37.77 38.93 36.88 55.77 DOWN

TVSMOTOR 586.9 579.8 572.7 592.75 598.6 585.65 628.43 DOWN

UBL 1417 1389.28 1361.57 1444.08 1471.17 1416.37 1146.81 UP

UJJIVAN 261.65 253.47 245.28 276.37 291.08 268.18 374.21 DOWN

ULTRACEMCO 4120.4 4023.7 3927 4215.4 4310.4 4118.7 4080.94 UP

UNIONBANK 67.6 65.95 64.3 70.3 73 68.65 101.88 DOWN

UPL 683.1 673.33 663.57 698.18 713.27 688.42 702.21 DOWN

VEDL 240.65 237.23 233.82 245.43 250.22 242.02 273.55 DOWN

VOLTAS 536.15 525.53 514.92 553.23 570.32 542.62 594.53 DOWN

WIPRO 318.95 315.88 312.82 322.83 326.72 319.77 288.53 UP

WOCKPHARMA 564.95 549.72 534.48 584.97 604.98 569.73 727.48 DOWN

YESBANK 203.25 194.53 185.82 219.48 235.72 210.77 334.48 DOWN

ZEEL 445.3 439.63 433.97 452.33 459.37 446.67 554.5 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



Major weakness below 29991. Hurdles seen at 30901. Interweek Strategy: Establish short positions between 30445-30525 zone, targeting 29991 and then at 29451-29501 zone. Stop 30905.

Interweek Strategy: Establish short positions at CMP, targeting 37101 and then aggressive targets located at at 36445-36751 zone. Stop 38901.

Intraday strategy: Establish long positions between 5051-5075 zone, targeting 5305 and then at 5405-5445 zone with stop at 5051.

Interweek strategy: Establish long positions on dips between 445-447 zone, targeting 461 and then finally at 475-475 zone with stop at 429.50.

Interweek Strategy: Buy between 213-215 zone, targeting 231 and then at 237-242 zone with stop below 213.

Overbought conditions seen prevailing. Interweek strategy: Establish long position only on any sharp declines between 72.05-7210 zone, targeting 73.05 and then aggressive targets at 74.50-75 zone with stop at 70.21.

30345 30151 29991 30901 31800 Negative

37572 37101 36445 38771 39529 Negative

5246 5051 4895 5305 5445 Positive

450 445 431 461 479 Positive

225.60 213.00 205.00 231.00 242.00 Positive

52.59 72.05 70.25 73.05 75.00 Positive

MCX Crude Oil rises as U.S. dismisses prospect of releasing crude from the strategic reserve.

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



Dow halts 3-day skid as stocks stage post-Fed rally! Positive bias to continue.

Intraday Strategy: Establish short positions between 1203-1205 zone, targeting 1181 zone and then aggressive targets at 1175-1179 zone with stop at 1215.

Intraday Strategy: Establish short positions between 14.75-14.89 zone, targeting 14.05 zone and then aggressive targets at 13.45-13.55 zone with stop at 15.39.

Intraday Strategy: Establish long positions between 70.45-71.05 zone, targeting 73.05 zone and then at 75 with stop at 68.21.

The EUR/USD was seen drifting in Thursday's trade. Technically, the bias shifts to negative with initial downside risk at 1.1501. Hurdles continue to be at 1.1900. Selling on strength should be the preferred trading strategy.

The U.S Dollar inched up in yesterday's trade. We shift our bias to positive on the US Dollar Index. Hurdles at 97.50. Downside well supported at 92.50. Major weakness now only below 92.50.

Wall Street enjoyed a strong session in yesterday's trade as sentiments were boosted after Post Fed meet. The Dow has fallen for three straight sessions, as of Wednesday, while the S&P has dropped for four. The near term bias continues to be positive.

1187 1175 1169 1205 1227 Neutral

14.27 14.05 13.45 15.27 15.95 Neutral

72.16 70.45 68.25 73.05 75 Positive

1.1681 1.1501 1.1215 1.1801 1.1900 Negative

94.76 92.50 90.00 97.50 99.00 Positive

26551 25445 23501 27001 27901 Positive


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

148.05 147.1 146.15 149.7 151.35 144.74 150.55 DOWN

1415.7 1413.13 1410.57 1419.13 1422.57 1081.8 1394 DOWN

4676 4659.67 4643.33 4700.67 4725.33 4272.02 4645 UP

3978 3957.67 3937.33 3999.67 4021.33 3827.97 3875 UP

456.6 454.82 453.03 458.67 460.73 446.11 447.4 UP

22220 22140 22060 22340 22460 21405.55 22620 UP

5212 5182 5152 5258 5304 4451.14 5116 UP

30593 30503.33 30413.67 30746.33 30899.67 30351.16 30496 UP

9191 9134 9077 9289 9387 8875.38 9617 UP

4283.5 4252.33 4221.17 4334.33 4385.17 4116.78 4405 DOWN

19045 18965 18885 19130 19215 17672.7 19465 DOWN

143.9 142.57 141.23 145.82 147.73 157.11 142.65 DOWN

1612.6 1601.8 1591 1632.7 1652.8 1470.53 1728.3 UP

218.6 215.87 213.13 222.27 225.93 190.38 214.6 UP

924 915.93 907.87 938.43 952.87 913.02 895 UP

4209 4194.33 4179.67 4226.33 4243.67 4022.67 4146 UP

37866 37712 37558 38158 38450 38743.41 36958 UP

3050 3050 3050 3050 3050 3614.83 3015 UP

3308 3286 3264 3326 3344 3493.07 3202 UP

185.9 183.23 180.57 187.43 188.97 202.47 175.15 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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