comfort securities limited daily research reports...open interest seen at 11,400 strike price....

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Welcome Note

Tuesday11th 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

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 Tuesday's trading action at Dalal Street, dated 11th of

September 2018.

It will be difficult day for investors as headwinds outweigh tailwinds.

Judging by early action at SGX Nifty, the benchmark Nifty is likely to trade volatile even in

today's trading session.

Emerging markets (EM) are still under pressure and in line with our call of the day which

suggests trade tensions between U.S. and China will dominate the trading theme for the

day. Mr Trump has warned that they are ready to slap tariffs on virtually all Chinese imports

into the United States, threatening duties on another $267 billion of goods on top of $200

billion in imports primed for levies in coming days.

Sentiments has been also badly hurt after President Donald Trump’s comments urging

Apple Inc. to move its manufacturing to the U.S.

Amidst this backdrop, the Indian Rupee has taken a big hit, registering an all-time closing

low of 72.45 against U.S Dollar.

The street will keep a very close eye on the movement of Indian Rupee and also on the

Crude-Oil prices; as that could influence investors’ sentiment directly. Any further

weakening of the rupee will be concern for bullish stock traders.

Traders will also focus on the last batch of Q1 earning results which are likely to trickle in

today:

• Tuesday: Reliance Capital, PFC.

• Friday: REC

Amongst macro economic data this week are CPI & IIP data to be released on 12th

September at 5:30 pm IST.

Wholesale Price Inflation (July) will be declared on September 14.

STOCKS TO WATCH:

• Our chart of the day suggests establishing long positions on any early dips

in stocks like GAS AUTHORITY (GAIL) with intermonth perspective.

• Bullish stocks: GAIL, INDIAN BANK, MINDTREE, KPIT, VEDANTA,

INFIBEAM, BIOCON.

• Bearish stocks: BATA, HDFC, CANFINA HOMES, JUST DIAL, ESCORTS, YES BANK,

BHEL, INDIAN OIL CORPORATION.

• Show Me the Money: Sell INDIAN OIL CORPORATION (IOC) (CMP 151.15): IOC

is signaling a major breakdown from a lower consolidation zone on the daily charts.

Key intraday support seen at 147.50 zone. Key hurdles seen at 158.05. Interweek

Strategy: Sell between 153-155 zone, targeting 147.50 and then at 137.50-141

zone. Stop above 158.15.

• US FDA starts inspections inspection of Sun Pharma's Mohali unit.

• Stocks banned in F&O segment for today: None.

Outlook for Tuesday: Volatility likely to prevail.

Nifty is likely to trade subdued in today's trade on backdrop deepening in emerging market

selloff as investors fear a spillover effect on other healthier emerging markets and

beyond.

Long story short: Brace yourself for volatile session.

11438 -1.30%

27202 -1.02%

10844 -1.75%

30812 -1.73%

3205 -1.02%

16105 0.00%

2713 -0.12%

5120 -2.17%

3637 -1.70%

10447 -2.01%

264 -1.51%

7428 -1.27%

37922 -1.22%

11496 0.08%

Consolidation day likely.

Neutral (11521-11621)

Neutral (11300-11901)

Neutral (12001)

11389 & 11331

11521 & 11675

11675



Technical Strategy


FII/DII & OPTIONS DATA:

• As per Monday’s provisional data available on the NSE, FII’s sold shares worth Rs.

841.68 crores in the Indian Equity Market. DIIs too sold shares worth Rs. 289.66

crores in the Indian Equity market.

• On the option data front, key resistance level for the September series are at 11,800

strike price. While support for Nifty are seen at 11,400 strike price as maximum put

open interest seen at 11,400 strike price.

GLOBAL CUES:

• Wednesday, the 12th of September is Apple Day, as the company holds a product

event. The exact details aren’t known, but reports center around three iPhones

with, potentially, radically different designs and an all-screen iPad Pro with Face ID.

There is also the chance of the long-awaited AirPower charging pad and the fourth-

generation Apple Watch. There may be a new MacBook of some kind, likely an

entry-level model which could replace the MacBook Air. And maybe even AirPods 2.

• In Monday's session, Wall Street was seen attempting a rebound despite mounting

concerns about contagion from a handful of struggling emerging economies on top

of unresolved trade tension.

• Investors' will continue to monitor talks between the U.S. and Canada amid an

effort to revamp the North American Free Trade Agreement.

• Meanwhile today, the 17th remembrance of the 9/11 attacks in the U.S will be

marked with events at the World Trade Center site, the Pentagon and the field in

Shanksville, Pennsylvania, where Flight 93 came down.

COMMODITY CUES:

• Crude Oil prices rose on Monday as U.S. drilling stalled and investors anticipated

lower supply once new U.S. sanctions against Iran's crude exports kick in from

November.

• Copper prices traded range bound in Monday’s trade. MCX COPPER (426):

Interweek strategy: Establish long positions between 413-417 zone, targeting 431

and then at 437 and finally at 441-447.50 zone with stop at 403.

• Gold prices were above the $1,200 an ounce mark on worries about U.S-China trade

war worries but upside seems to be capped amidst a strong U.S. jobs data released

on Friday provided a boost to the dollar and supported expectations for further

interest-rate hikes this year.

CURRIENCIES & BONDS:

• Rupee registered a new all-time closing low of 72.45 against the U.S Dollar after

registering a fresh all-time low of 72.67 against the greenback, . Concerns over the

trade deficit and inflation, fuelled by high oil prices, have prompted many investors

to exit long positions in the rupee.

• At the current level, the rupee has declined more than 13% against the greenback

so far this year.

MACRO WATCH:

• The U.S job growth in August was strong and topped analysts' expectations. The US

economy added 201,000 jobs, while the unemployment rate stayed at 3.9% near

18-year low.

• The strong U.S jobs report is seen as supporting the Federal Reserve’s intention to

hike rates at least once more in September, and possibly once more in December.

SONATA SOFTWARE

Action

Target

Support

Resistance

Holding Period

361.58

BUY

401

325/307.50

387/421

60 days

Sonata is a global technology company that enables

successful platform based digital transformation

initiatives for enterprises, to create businesses that are

connected, open, Intelligent and scalable. Sonata’s

Platformation™ methodology brings together industry

expertise, platform technology excellence, design

thinking led innovation and strategic engagement

models to deliver sustained long term value to

customers. A trusted long-term service provider to

Fortune 500 companies across both the software

product development and enterprise business

segments.

Sonata Software is a mid cap company and is cash rich

having strong financial return ratios with Return on

Capital employed and Return on Net worth of over 30%.

The company pays more than 50% of its profit as

dividend and qualifies as dividend yield stock.

Technically, brace yourselves for a major breakout play

from a complex ‘higher consolidation pattern’ on the

weekly charts.

An impulse uptrend is seen forming on the daily time

scale with recent sequence of higher high/ higher low

pattern, with positive SAR series, major confirmation

above 387 mark. The positive takeaway from recent

price action is that the stock price was seen

consolidating, 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 305. The level of Rs 305 will act

as a strong support and this could be maintained as a

stop loss for long positions.

A potential entrance exists at CMP, and on dips between

325-337.50 zone, as the stock is likely to run above its

psychological and all-time-high at 401 mark.

Aggressive 3-months targets seen at 421-445 zone.

Place stops below 301. Holding Period: 3 Months.




• The policy-setting Federal Open Market Committee is slated to convene its two-day gathering on Sept. 26.

• Higher rates can hurt the appeal of gold and strengthen the U.S. dollar.

• On Thursday, the Bank of England will announce its latest interest rate decision.

• The Indian Rupee is down 7% in last one month, and is down around 13% YTD. Interestingly, the Rupee is depreciating despite decent GDP

growth which stood at a more than two-year high of 8.2% in April-June period.

The depreciating Rupee is bound to have an impact on the Oil import bill, and amid this backdrop inflation should edge higher --- forcing the RBI to

hike interest rates.

You can blame it to two key catalysts:

1. Acceleration in Fed rate hike.

2. U.S China trade war concerns hurting emerging markets.

• Moody's: Weakening INR is credit negative for India Corporates.

What Technical Tells Us on Nifty: Nifty ended with major losses in Monday's trade, down 1.30%. Volatility was hallmark & ruled the roost.

The market breadth, indicating the overall health of the market, was weak. The BSE Mid-Cap index fell 1.68%, underperforming the Sensex. The

BSE Small-Cap index fell 1.07%.

Technically speaking, downside risk for Nifty seen at 11,319 mark. Intraday supports seen at 11389. The technical landscape will worsen only if

Nifty slips below the 11,319 mark as that would open the door to massive technical selling, possibly quickly to the 10,750-10,901 zone.

The intraday bias is neutral amidst heightened volatility.

For the day, we believe, Nifty will trade with slight negative bias with upside capped at 11,521 mark. The make or break levels hurdles are at

11,657 mark.

The price action for Nifty is suggesting that we are likely to see an 11,325-11,651 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. In the near term, Nifty likely to trade in a broad range of 11319-11651 zone. Selling on any

excessive strength should be the preferred trading strategy.

Preferred trade on Nifty: Nifty (11438): Sell on any excessive strength between 11481-11501 zone, targeting 11389 and then at 11319-11325

zone with stop at 11675.

Preferred trade on Bank Nifty: Bank Nifty (27202):

Establish short positions between 27551-27751 zone,

targeting 27137 zone and then at 26501-26751 zone

with strict stop at 28001.

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


GAIL is signaling a breakout from a probable higher consolidation zone on daily charts. Intermonth Strategy: Establish long positions between 373-376 zone, targeting 385 zone and then at 411-421 zone. Stop below 361.

The sequence of higher high/low is intact on daily charts. Key intraday support seen at 303. Interweek Strategy: Buy between 303-305 zone, targeting 317.50 and then at 325-327.50 zone. Stop below 294.

MINDTREE has signalled a major breakout from a probable 'Flag Pattern' zone on the monthly charts. Intermonth Strategy: Establish long positions between 1137-1145 zone, targeting 1177 zone and then aggressive targets located at 1211-1221 zone. Stop below 1129.

RELIANCE CAPITAL ended on a weak note in yesterday's trading session, down -4.73%. The interweek bias shifts to negative with down side risk at 393 zone. Interweek Strategy: Sell between 445-449 zone, targeting 429 and then at 393-397 zone. Stop above 467.

IOC is signaling a major breakdown from a lower consolidation zone on the daily charts. Key intraday support seen at 147.50 zone. Key hurdles seen at 158.05. Interweek Strategy: Sell between 153-155 zone, targeting 147.50 and then at 137.50-141 zone. Stop above 158.15.

GAIL: The technical landscape is positive with intermonth perspective. Aggressive targets at 421+

GAIL

KPIT

MINDTREE

RELIANCE CAPITAL

INDIAN OIL CORPORATION (IOC)

377.5 369 361 385 421 Positive

310.1 303 294 317.5 327.5 Positive

1146.65 1125 1109 1177 1221 Positive

440.05 429 393 451 467 Negative

151.05 147.5 137.5 155 158.05 Negative



EQUITY DERIVATIVESLooking into the future from present.

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

Nifty Spot

Bank Nifty Future

VIX

Premium

Nifty Future OI

Bank Nifty Spot OI

BSE Cash Vol. (Rs. in Cr)

NSE Cash Vol.(Rs. in Cr)

NSE Derivative Vol. (Rs. in Cr)

Index Future Volumes

Stock Future Volumes

Index Option Volumes

Stock Option Volumes

Total

Cash Volumes (INR in Cr.)

YesterdayDay Before Yesterday

Derivatives Vol.(INR in Cr.)

No of contracts

Turnover (Rs. In cr.)

Major Changes in Nifty Options (OI)

Market Summary: In yesterday's session, trade tensions between the U.S. and China were the primary negative

catalyst putting pressure on Dalal Street. Selling was seen intensifying on President Donald

Trump’s comments urging Apple Inc. to move its manufacturing to the U.S. The Sensex ended below the psychologically important 38,000 mark. The market breadth,

indicating the overall health of the market, was weak. The BSE Mid-Cap index fell 1.68%,

underperforming the Sensex. The BSE Small-Cap index fell 1.07%. The Indian Rupee too depreciated to a fresh low, bolstering inflation concerns. At the current

level, the rupee has declined more than 13% against the greenback so far this year. A higher oil price scenario was also hurting sentiments at Dalal Street. Technically, Downside risk on Nifty is seen at 11,319. Immediate hurdles are seen at 11,621

mark and then major hurdles at 11,761 mark. Selling on excessive strength should continue to

be the preferred trading strategy.

Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE IT Index (up 0.02%),

BSE Teck Index (down 0.06%)

Amongst the sectoral indices, underperforming the Sensex/Nifty were BSE Auto Index (down

1.75%), BSE Metal Index (down 1.74%), BSE FMCG Index (down 1.65%)

Amongst stock specific action, positive bias was seen in stocks like HCL TECH (up 1.54%), AXIS

BANK (up 0.92%), ZEEL (up 0.66%)

Among stocks drifting down were: BAJFINANCE (down 4.98%), IBHSGFIN (down 4.23%),

BAJAJ FINSERV (down 4.02%)

Maximum Call Open Interest (OI) stands at 11800 Strike Price, followed by 11600 Strike Price

for September Series. Heavy short builtup was seen at 11400-1200 strike prices for September

series.

Maximum Put Open Interest (OI) was seen at strike price 11400 followed by 11,500 strike price

for September series. Short covering in puts was seen at 11400-11600 strike prices for

September series.

As per Monday’s Provisional Data available on the NSE, FII’s sold shares worth Rs. 841.68

crores in the Indian Equity Market. DIIs too sold shares worth Rs. 289.66 crores in the Indian

Equity market.

Highest OI Nifty: Calls 11800: 45.26 L - Puts 11400: 44.30

Highest OI Bank Nifty: Calls 28000: 5.15 L - Puts 27000: 11.00 L

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

Long Buildup: MFSL, HCLTECH, GAIL.

Short Buildup: ADANI ENT, MANAPPURAM, VEDL, FEDERAL BANK, ITC.

Short Covering: ARVIND, MCX, JET AIRWAYS.

Long Unwinding: GRANULES, JSW STEEL, HINDALCO, ASHOK LEYLAND, DLF.

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

New In Ban: NIL.Out of Ban: NIL.

Future Call: SELL ITC SEPTEMBER FUTURES at CMP 307.35.

Targets 299 and then at 293. Stop: 314. Holding Period: Intraday.

Analyst’s Remark: Breaking Down (ITC September Futures CMP

307.35).

Option Call: BUY BANK NIFTY 27th SEPTEMBER PE strike price

27000 at CMP 226.35. Profit: Unlimited. Maximum Loss: Rs. 9,054.

Stop: Exit Put option if Bank Nifty moves above 27700 (Bank Nifty

September Futures CMP 27455.50).

11438.10 (-1.30%)

27201.75 (-1.02%)

15.2025 (+9.45%)

+49 vs +44

2.82 crores (-0.63%)

16.49 lakhs (+11.68%)

3928.22 3495.33

33574.56 36966.93

801491 678182

234863 22432

858871 61324

6367231 661435

731494 56300

8192459 801491

Calls in lakhs (% Change)

11600 37.54 (+29%)

11700 34.83 (+30%)

11800 45.26 (+13%)

Puts in lakhs (% Change)

11500 43.26 (-9%)

11400 44.3 (-7%)

11300 30.22 (0%)


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 11438.1 11385.93 11333.77 11531.63 11625.17 11479.47 10714.82 UP

BANKNIFTY 27201.75 27094.58 26987.42 27356.88 27512.02 27249.72 26078.51 UP

NIFTYMID50 5120.15 5070.02 5019.88 5209.47 5298.78 5159.33 5162.13 DOWN

ACC 1528.5 1509.3 1490.1 1560.95 1593.4 1541.75 1554.21 DOWN

ADANIENT 150.75 147.6 144.45 155.95 161.15 152.8 126.96 UP

ADANIPORTS 371.95 367.38 362.82 379.73 387.52 375.17 390.72 DOWN

AJANTPHARM 1230.45 1206.98 1183.52 1270.23 1310.02 1246.77 1261.61 DOWN

ALBK 40.1 39.68 39.27 40.73 41.37 40.32 52.95 DOWN

AMARAJABAT 807.4 796.95 786.5 824.9 842.4 814.45 811.03 DOWN

APOLLOTYRE 241.25 234.37 227.48 249.47 257.68 242.58 269.08 DOWN

ARVIND 403.2 390 376.8 411.4 419.6 398.2 413.32 DOWN

ASHOKLEY 129.65 128.53 127.42 131.28 132.92 130.17 133.94 DOWN

ASIANPAINT 1293.1 1276.4 1259.7 1313.9 1334.7 1297.2 1230.85 UP

AUROPHARMA 795.95 779.93 763.92 814.38 832.82 798.37 624.65 UP

AXISBANK 651.75 637.38 623.02 672.03 692.32 657.67 550.35 UP

BAJAJ-AUTO 2868.6 2829.47 2790.33 2928.37 2988.13 2889.23 2961.27 DOWN

BAJAJFINSV 6347.45 6247.97 6148.48 6513.97 6680.48 6414.48 5663.13 UP

BAJFINANCE 2615.65 2561.77 2507.88 2703.77 2791.88 2649.88 2050.43 UP

BALKRISIND 1165.6 1151.52 1137.43 1182.32 1199.03 1168.23 1168.24 DOWN

BALRAMCHIN 79 76.75 74.5 80.7 82.4 78.45 93.98 DOWN

BANKBARODA 146.6 144.7 142.8 149.25 151.9 147.35 145.77 UP

BANKINDIA 92 91.05 90.1 93.4 94.8 92.45 120.31 DOWN

BATAINDIA 1037.15 1027.4 1017.65 1053.3 1069.45 1043.55 797.83 UP

BEL 90.95 90.03 89.12 92.48 94.02 91.57 140.07 DOWN

BEML 764.45 754.5 744.55 780.2 795.95 770.25 1128.63 DOWN

BERGEPAINT 300.4 293.45 286.5 313.05 325.7 306.1 276.55 UP

BHARATFIN 1122.95 1112.63 1102.32 1138.63 1154.32 1128.32 1103.28 UP

BHARATFORG 667.05 656.23 645.42 685.03 703.02 674.22 693.35 DOWN

BHARTIARTL 388.4 381.23 374.07 396.53 404.67 389.37 416.95 DOWN

BHEL 77.75 76.72 75.68 79.37 80.98 78.33 84.4 DOWN

BIOCON 638.4 623.37 608.33 663.07 687.73 648.03 592.86 UP

BPCL 344.1 339.38 334.67 352.93 361.77 348.22 429.39 DOWN

BRITANNIA 6094 6037.67 5981.33 6197.67 6301.33 6141.33 5448.01 UP

CANBK 264.85 261.43 258.02 269.63 274.42 266.22 292.77 DOWN

CANFINHOME 312.6 309.13 305.67 316.23 319.87 312.77 419.05 DOWN

CAPF 603.25 596.83 590.42 613.33 623.42 606.92 631.6 DOWN

CASTROLIND 153.1 151.77 150.43 155.12 157.13 153.78 183.38 DOWN

CEATLTD 1391.9 1376.37 1360.83 1412.12 1432.33 1396.58 1549.33 DOWN

CENTURYTEX 927.4 919.18 910.97 938.78 950.17 930.57 1128.48 DOWN

CESC 996.35 984.9 973.45 1012.9 1029.45 1001.45 999.08 DOWN

CGPOWER 55.3 54.72 54.13 56.17 57.03 55.58 75.16 DOWN

CHENNPETRO 289.5 287.33 285.17 293.08 296.67 290.92 345.11 DOWN

CHOLAFIN 1389.5 1369.7 1349.9 1421.6 1453.7 1401.8 1453.67 DOWN

CIPLA 668.05 662.03 656.02 676.03 684.02 670.02 598.07 UP

COALINDIA 279.6 276.72 273.83 284.42 289.23 281.53 280.96 DOWN

COLPAL 1126.95 1119.67 1112.38 1139.57 1152.18 1132.28 1120.97 UP

CONCOR 659.3 652.77 646.23 666.92 674.53 660.38 658.94 UP

CUMMINSIND 744.05 733.92 723.78 760.27 776.48 750.13 770.28 DOWN

DABUR 449.9 442.57 435.23 462.72 475.53 455.38 370.33 UP

DALMIABHA 2581.6 2557.65 2533.7 2597.9 2614.2 2573.95 2787.42 DOWN

DCBBANK 167.75 166.02 164.28 169.97 172.18 168.23 177.8 DOWN

DHFL 632.3 623.02 613.73 646.67 661.03 637.38 595.3 UP

DISHTV 67.8 67.07 66.33 68.97 70.13 68.23 73.74 DOWN

DIVISLAB 1278.8 1254.9 1231 1315.85 1352.9 1291.95 1104.33 UP

DLF 204.6 201.92 199.23 208.37 212.13 205.68 216.28 DOWN

DRREDDY 2563.9 2526 2488.1 2630.8 2697.7 2592.9 2224.12 UP

EICHERMOT 28623.05 28498.7 28374.35 28798.7 28974.35 28674.35 28864.38 DOWN

ENGINERSIN 125.9 124.17 122.43 128.17 130.43 126.43 154.96 DOWN

EQUITAS 148.85 145.75 142.65 154.3 159.75 151.2 148.09 UP

ESCORTS 773 759.6 746.2 792.2 811.4 778.8 855.07 DOWN

EXIDEIND 270.4 266.28 262.17 277.38 284.37 273.27 240.99 UP

FEDERALBNK 75.55 74.37 73.18 77.37 79.18 76.18 93.59 DOWN

FORTIS 145.3 144.73 144.17 146.18 147.07 145.62 145.31 DOWN

GAIL 377.7 371.65 365.6 381.7 385.7 375.65 350.43 UP

GLENMARK 686.8 675.23 663.67 705.13 723.47 693.57 572.04 UP

GODREJCP 1298.1 1277.28 1256.47 1336.63 1375.17 1315.82 1132.62 UP

GODREJIND 595.8 589.57 583.33 606.52 617.23 600.28 589.6 UP

GRANULES 119.3 117.57 115.83 122.22 125.13 120.48 109.21 UP

GRASIM 1016.05 1004.08 992.12 1030.13 1044.22 1018.17 1083.75 DOWN

GSFC 116.5 115.27 114.03 118.52 120.53 117.28 126.34 DOWN

HAVELLS 641.35 630.5 619.65 661.1 680.85 650.25 558.05 UP

HCC 14.8 14.68 14.57 14.93 15.07 14.82 24.61 DOWN

HCLTECH 1088.7 1078.17 1067.63 1098.07 1107.43 1087.53 947.64 UP

HDFC 1883.55 1869.2 1854.85 1906.95 1930.35 1892.6 1847.49 UP

HDFCBANK 2041.15 2025.83 2010.52 2055.73 2070.32 2040.42 1975.85 UP

HDIL 31.55 31.07 30.58 32.32 33.08 31.83 39.41 DOWN

HEROMOTOCO 3278.3 3246.05 3213.8 3322.7 3367.1 3290.45 3550.32 DOWN

HEXAWARE 455.7 442.88 430.07 465.63 475.57 452.82 404.43 UP

HINDALCO 235.7 232.4 229.1 241.45 247.2 238.15 236.52 DOWN

HINDPETRO 246.65 243.77 240.88 251.77 256.88 248.88 339.4 DOWN

HINDUNILVR 1610.3 1596.07 1581.83 1632.47 1654.63 1618.23 1484.88 UP

HINDZINC 295.45 292.37 289.28 298.72 301.98 295.63 299.57 DOWN

IBREALEST 145.55 144.4 143.25 147.3 149.05 146.15 189.73 DOWN

IBULHSGFIN 1161.25 1140.27 1119.28 1195.27 1229.28 1174.28 1239.67 DOWN

ICICIBANK 332.9 330.28 327.67 335.63 338.37 333.02 304.32 UP

ICICIPRULI 373.85 369.53 365.22 380.98 388.12 376.67 397.84 DOWN

ICIL 75.8 74.42 73.03 78.27 80.73 76.88 92.84 DOWN

IDBI 57.85 56.93 56.02 59.33 60.82 58.42 63.44 DOWN

IDEA 47.75 46.47 45.18 48.87 49.98 47.58 73.26 DOWN

IDFC 49.9 49.35 48.8 50.65 51.4 50.1 52.96 DOWN

IDFCBANK 44.8 44.3 43.8 45.6 46.4 45.1 48.06 DOWN

IFCI 15.55 15.22 14.88 15.82 16.08 15.48 20.83 DOWN

IGL 270.9 267.18 263.47 277.43 283.97 273.72 291.62 DOWN

INDIACEM 119.85 118.12 116.38 122.17 124.48 120.43 143.18 DOWN

INDIANB 320.2 316.47 312.73 325.82 331.43 322.08 341.61 DOWN

INDIGO 890.15 882.63 875.12 903.53 916.92 896.02 1190.9 DOWN

INDUSINDBK 1829.15 1807.57 1785.98 1861.37 1893.58 1839.78 1817.5 UP

INFIBEAM 226.55 225 223.45 228.95 231.35 227.4 166.26 UP

INFRATEL 275.7 272.6 269.5 278.9 282.1 275.8 325.81 DOWN

INFY 730.85 724.5 718.15 742.1 753.35 735.75 597.8 UP

IOC 151.05 149.97 148.88 152.57 154.08 151.48 176.76 DOWN

IRB 172.15 167.43 162.72 178.18 184.22 173.47 224.79 DOWN

ITC 306.55 304.48 302.42 309.68 312.82 307.62 274.35 UP

JETAIRWAYS 278.75 275.18 271.62 282.88 287.02 279.32 551.64 DOWN

JINDALSTEL 219 214.9 210.8 224.95 230.9 220.85 225.82 DOWN

JISLJALEQS 85.35 84.13 82.92 87.43 89.52 86.22 106.24 DOWN

JPASSOCIAT 10.65 10.32 9.98 11.17 11.68 10.83 17.41 DOWN

JSWENERGY 68.15 67.03 65.92 69.88 71.62 68.77 76.94 DOWN

JSWSTEEL 401.2 395.15 389.1 411.1 421 405.05 309.07 UP

JUBLFOOD 1390.55 1376.7 1362.85 1413.7 1436.85 1399.85 1188.41 UP

JUSTDIAL 519 510.27 501.53 532.87 546.73 524.13 512.63 UP

KOTAKBANK 1223.35 1211.73 1200.12 1238.23 1253.12 1226.62 1173.78 UP

KPIT 310.1 307.83 305.57 312.58 315.07 310.32 240.28 UP

KSCL 638.15 632.5 626.85 646.35 654.55 640.7 537.88 UP

KTKBANK 115.35 114 112.65 117.5 119.65 116.15 128.66 DOWN

L&TFH 161.15 158.57 155.98 165.37 169.58 162.78 168.5 DOWN

LICHSGFIN 484.4 477.42 470.43 496.27 508.13 489.28 528.6 DOWN

LT 1336.8 1330.53 1324.27 1347.53 1358.27 1341.27 1312.96 UP

LUPIN 944.4 927.7 911 973.6 1002.8 956.9 836.09 UP

M&M 937.35 922.58 907.82 964.13 990.92 949.37 824.26 UP

M&MFIN 447.05 441.45 435.85 457.3 467.55 451.7 471.55 DOWN

MANAPPURAM 91.05 89.03 87.02 94.63 98.22 92.62 109.05 DOWN

MARICO 344.45 337.87 331.28 355.22 365.98 348.63 327.14 UP

MARUTI 8639.4 8592.93 8546.47 8717.93 8796.47 8671.47 9042.26 DOWN

MCDOWELL-N 595.2 587.85 580.5 603.75 612.3 596.4 657.2 DOWN

MCX 791.1 775.3 759.5 804.4 817.7 788.6 816.52 DOWN

MGL 844.9 834.22 823.53 861.37 877.83 850.68 949.74 DOWN

MOTHERSUMI 296.25 292.23 288.22 303.13 310.02 299.12 331.3 DOWN

MRF 70506.5 70120.98 69735.47 71221.03 71935.56 70835.52 73308.23 DOWN

MRPL 75.95 75.03 74.12 77.33 78.72 76.42 105.14 DOWN

MUTHOOTFIN 453.35 444.78 436.22 468.13 482.92 459.57 416.73 UP

NATIONALUM 71.45 70.45 69.45 72.4 73.35 71.4 72.37 DOWN

NBCC 68.95 68.07 67.18 70.47 71.98 69.58 97.36 DOWN

NCC 91.65 90.38 89.12 93.53 95.42 92.27 114.67 DOWN

NMDC 120.1 118.13 116.17 121.93 123.77 119.97 121.64 DOWN

NTPC 169.2 167.78 166.37 170.98 172.77 169.57 167 UP

OFSS 4154.85 4118.57 4082.28 4190.57 4226.28 4154.28 3987.66 UP

OIL 204.45 202.95 201.45 206.85 209.25 205.35 226.19 DOWN

ONGC 168.65 167.4 166.15 170.6 172.55 169.35 178.67 DOWN

ORIENTBANK 76.05 75.12 74.18 77.37 78.68 76.43 95.57 DOWN

PCJEWELLER 83.4 82.27 81.13 85.27 87.13 84.13 271.96 DOWN

PEL 3022.6 2972.47 2922.33 3100.37 3178.13 3050.23 2642.65 UP

PETRONET 244 242.13 240.27 245.43 246.87 243.57 233 UP

PFC 88.35 86.07 83.78 90.67 92.98 88.38 94.78 DOWN

PIDILITIND 1143.45 1133.62 1123.78 1156.12 1168.78 1146.28 999.63 UP

PNB 82.7 81.47 80.23 84.47 86.23 83.23 113.57 DOWN

POWERGRID 192.95 190.4 187.85 195.25 197.55 192.7 196.96 DOWN

PTC 81 80 79 82.6 84.2 81.6 93.99 DOWN

PVR 1343.9 1322.33 1300.77 1375.23 1406.57 1353.67 1338.79 UP

RAMCOCEM 649.3 642.38 635.47 659.33 669.37 652.42 741.16 DOWN

RAYMOND 788.6 780.15 771.7 802.9 817.2 794.45 960.79 DOWN

RBLBANK 599.25 585.5 571.75 615 630.75 601.25 526.04 UP

RCOM 16.95 16.67 16.38 17.42 17.88 17.13 19.72 DOWN

RECLTD 115.4 112.98 110.57 118.28 121.17 115.87 129.11 DOWN

RELCAPITAL 440.05 427.02 413.98 462.07 484.08 449.03 442.59 DOWN

RELIANCE 1255.85 1244.97 1234.08 1271.87 1287.88 1260.98 992.31 UP

RELINFRA 465.6 456.77 447.93 479.87 494.13 471.03 445.49 UP

REPCOHOME 537.3 529.9 522.5 546.1 554.9 538.7 598.9 DOWN

RPOWER 36 35.32 34.63 37.07 38.13 36.38 38.67 DOWN

SAIL 76.75 75.83 74.92 78.33 79.92 77.42 80.48 DOWN

SBIN 284.85 281.35 277.85 290.8 296.75 287.3 280.11 UP

SHREECEM 17264.55 16988.33 16712.12 17737.53 18210.52 17461.32 17073.85 UP

SIEMENS 977.35 968.6 959.85 988.05 998.75 979.3 1104.62 DOWN

SOUTHBANK 16.5 16.28 16.07 16.83 17.17 16.62 25.33 DOWN

SREINFRA 50.5 49.33 48.17 51.53 52.57 50.37 78.35 DOWN

SRF 1953 1921.45 1889.9 1999.7 2046.4 1968.15 1907.94 UP

SRTRANSFIN 1192.3 1172.77 1153.23 1220.87 1249.43 1201.33 1402.82 DOWN

STAR 491.7 482.13 472.57 506.73 521.77 497.17 595.06 DOWN

SUNPHARMA 638 626.48 614.97 658.38 678.77 646.87 547.01 UP

SUNTV 691.35 684.97 678.58 699.87 708.38 693.48 887.48 DOWN

SYNDIBANK 36.9 36.28 35.67 37.98 39.07 37.37 58.01 DOWN

TATACHEM 747 740.4 733.8 758.3 769.6 751.7 718.47 UP

TATACOMM 525.65 518.37 511.08 532.87 540.08 525.58 621.09 DOWN

TATAELXSI 1349.65 1338.1 1326.55 1368.1 1386.55 1356.55 1157.28 UP

TATAGLOBAL 222 216.72 211.43 231.22 240.43 225.93 271.21 DOWN

TATAMOTORS 275.7 270.97 266.23 281.22 286.73 276.48 336.18 DOWN

TATAMTRDVR 146.75 144.68 142.62 149.28 151.82 147.22 191.02 DOWN

TATAPOWER 73.8 72.93 72.07 75.23 76.67 74.37 82.31 DOWN

TATASTEEL 613.65 608.27 602.88 622.02 630.38 616.63 617.04 DOWN

TCS 2080.75 2072.2 2063.65 2091.35 2101.95 2082.8 1653.19 UP

TECHM 766.25 757.73 749.22 775.68 785.12 767.17 627.63 UP

TITAN 857.55 849.03 840.52 867.03 876.52 858.52 882.21 DOWN

TV18BRDCST 41.85 41.13 40.42 42.73 43.62 42.02 56.48 DOWN

TVSMOTOR 589.2 582.57 575.93 595.42 601.63 588.78 636.47 DOWN

UBL 1295.1 1272.53 1249.97 1330.28 1365.47 1307.72 1132.69 UP

UJJIVAN 328.65 322.77 316.88 338.77 348.88 332.88 379.05 DOWN

ULTRACEMCO 4154.65 4108.43 4062.22 4230.43 4306.22 4184.22 4087.28 UP

UNIONBANK 81.5 80.53 79.57 83.13 84.77 82.17 106.7 DOWN

UPL 703.25 694.97 686.68 717.17 731.08 708.88 704.49 DOWN

VEDL 223.5 219.2 214.9 230.8 238.1 226.5 277.18 DOWN

VGUARD 200.15 196.95 193.75 206.05 211.95 202.85 223.52 DOWN

WIPRO 325 322.8 320.6 327.6 330.2 325.4 286.5 UP

WOCKPHARMA 653.4 638.97 624.53 677.57 701.73 663.13 732.82 DOWN

YESBANK 323.65 316.8 309.95 329.7 335.75 322.85 336.46 DOWN

ZEEL 472.75 465.42 458.08 479.07 485.38 471.73 560.62 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



Interweek Strategy: Establish long positions between 29901-30101 zone, targeting 30501 and then at 30751-30699 zone. Stop 29701.

Interweek Strategy: Establish long positions at CMP, targeting 37901 and then at 38601-38751 zone. Stop 35899.

Intraday strategy: Establish long positions at CMP, targeting 5045 and then at 5205-5250 zone with stop at 4671.

Interweek strategy: Establish long positions between 415-418 zone, targeting 431 and then at 437.50 and finally at 443-447.50 zone with stop at 403.

Interweek Strategy: Buy on any early dips between 197.50-199 zone, targeting 213 and then at 221-225 zone with stop below191.

USD/INR was seen flaring up in yesterday's trade. Overbought conditions seen prevailing. Interweek strategy: Establish long position only on any excessive declines between 71.45-71.65 zone, targeting 73.05 and then aggressive targets at 73.50-74 zone with stop at 70.21.

30602 29991 29405 30699 30901 Neutral

37492 36601 35899 37901 38751 Neutral

4939 4671 4505 5045 5250 Positive

424 411 403 431 448 Positive

201.40 191.00 185.00 213.00 225.00 Neutral

72.43 71.45 70.25 72.50 73.50 Positive

MCX Oil: Establish long positions at CMP, Aggressive targets at 5250.

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 logs weekly loss as Trump hints at more China tariffs.

Intraday Strategy: Establish short positions between 1213-1217 zone, targeting 1189 zone and then aggressive targets at 1175-1179 zone with stop at 1225.

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 67.05-67.10 zone, targeting 70 and then at 73.05 with stop at 65.

The EUR/USD was seen drifting in Monday's trade amidst rebound play in the US Dollar index. Technically, the bias continues to be neutral 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 was seen consolidating in Monday's trade. We shift our bias to neutral/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 was seen attempting a rebound in yesterday's trade despite President Donald Trump's latest threat that the U.S. had tariffs ready to go on another $267 billion in Chinese goods, on top of tariffs on $200 billion in goods the administration is now preparing. Key hurdle now seen at 26451. The near term bias continues to be positive.

1197 1189 1175 1223 1233 Neutral

14.13 14.05 13.45 15.27 15.95 Neutral

67.92 67.05 65.05 70 73.05 Positive

1.1571 1.1501 1.1215 1.1751 1.1900 Neutral

95.33 92.50 90.00 97.50 99.00 Neutral

25956 25445 23501 26451 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

146.65 144.57 143.08 148.27 150.48 143.67 153.65 DOWN

1466 1333.57 1297.93 1402.37 1435.53 1061.34 1323.75 DOWN

4667 4649.33 4631.67 4691.33 4715.67 4261.24 4572 UP

3869 3827.67 3786.33 3927.67 3986.33 3883.7 4024 UP

426.45 420.07 415.73 429.07 433.73 445.82 411.5 DOWN

23150 22736.67 22683.33 22876.67 22963.33 21143.85 23190 UP

4943 4817.33 4750.67 4961.33 5038.67 4355.06 4817 DOWN

30601 30398 30249 30698 30849 30223.89 29742.5 UP

9523 9451 9379 9632 9741 8828.78 9126 UP

4380 4346.5 4313 4429 4478 4083.23 4435 UP

19015 18916.67 18818.33 19156.67 19298.33 17792.27 18850 DOWN

150.55 145.38 143.92 148.73 150.62 158.07 142.65 UP

1722.6 1693.93 1665.27 1739.33 1756.07 1475.78 1630.4 UP

201 199.27 198.33 201.67 203.13 188.85 207 UP

896.2 889.87 883.53 903.77 911.33 899.9 932.8 DOWN

4043 4026.67 4010.33 4052.67 4062.33 4015.4 4079 DOWN

37466 37009.66 36868.33 37368.66 37586.33 38747.96 37480 DOWN

3036 3036 3036 3036 3036 3617 2651 DOWN

3254 3232 3210 3268 3282 3474.85 3152 UP

175.75 175.05 173.6 178.4 180.3 204.47 173.3 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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