the evolution of knowledge based research… · sbi has been a major outperformer from the psu bank...

15
Weekly Research Reports Enjoy Your Comfort Zone. Invest Smart. Build Wealth. The Evolution of Knowledge based Research…

Upload: others

Post on 24-Aug-2020

1 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: The Evolution of Knowledge based Research… · SBI has been a major outperformer from the PSU Bank space. Interestingly, the stock is signaling a major breakout from a probable 'Ascending

Weekly Research Reports

Enjoy Your Comfort Zone.

Invest Smart. Build Wealth.

The Evolution of Knowledge based Research…

Page 2: The Evolution of Knowledge based Research… · SBI has been a major outperformer from the PSU Bank space. Interestingly, the stock is signaling a major breakout from a probable 'Ascending

CONTENTSCONTENTS

Top Sectors for the Week

COMFORT PICK OF THE WEEK

Title Page No.

Comfort Pick Of The Week 03-04

Top Sectors for the Week 05-12

Weekly Pivot Table (Equities) 13

Weekly Pivot Table (Commodities) 14

Disclaimer 15

Page 3: The Evolution of Knowledge based Research… · SBI has been a major outperformer from the PSU Bank space. Interestingly, the stock is signaling a major breakout from a probable 'Ascending

COMFORT PICK OF THE WEEKLet Your Money Grow Confidently !

Enjoy Your Comfort Zone.

Invest Smart. Build Wealth.

March with StrengthComfort Securities Ltd.

Comfort Pick Of The Week… Getting rich is easy with help of Comfort Pick Of The Week.

This weekly research report helps you to identify the best five momentum stocks for the week. ‘Pick of the week’ is best among the mentioned five and is always with detailed ‘Technical & Macro outlook’.

The trick to “Get Rich quickly and to Stay Rich forever” is a combination of alertness and awareness. With the right information on stocks from Comfort Pick Of The Week, your money is likely to grow confidently and living the “rich” life, is achievable.

Page 4: The Evolution of Knowledge based Research… · SBI has been a major outperformer from the PSU Bank space. Interestingly, the stock is signaling a major breakout from a probable 'Ascending

STOCKS CMP BIAS TRADING/ INVESTMENT STRATEGY

COMFORT PICK OF THE WEEKLet Your Money Grow Confidently !

www.comfortsecurities.co.inEnjoy Your Comfort Zone.

Invest Smart. Build Wealth.

Monday19th November, 2018

Analyst’s Pick: NRB BEARINGS (CMP 187.30). Target: Rs. 225+

NRB was founded in 1965, and is a market leader in needle roller bearing and fifth major bearing company in India. For over 40 years NRB has pioneered the leading edge of bearing technology, and today over 90% of vehicles on Indian roads run on NRB parts. Since its inception, NRB has grown beyond its signature product to offer a wide range of high-precision friction solutions not only in the automotive sector, but across all mobility applications. We expect; the stock to do well amidst improving global economy as exports are expected to contribute to growth.

Technically, brace yourselves for a breakout play from a ‘Higher consolidation pattern’ on the daily charts on backdrop of an impulse uptrend forming higher high/ higher low pattern on the daily and intraday time scale, with positive SAR series. Also, momentum oscillators are clearly in buy mode, after recent consolidation, despite broader markets remaining volatile. The stock price is also signaling a breakout from multiple resistances, which are seen at 193 levels. Add to that a bullish divergence and a rising stochastic signal (on weekly charts) with recent increase in volumes signaling a larger rebound. A potential entrance exists at CMP, and on dips between 151-157 zone, as the stock is likely to run above its all-time-highs at 193 mark. Aggressive targets seen at 225 mark. Place stops below 139. Holding Period: 3 Months.

BIOCON 624.95 Positive

NRB BEARING 187.30 Positive

POLYPLEX 617.25 Positive

STATE BANK OF INDIA 290.90 Positive

ZYDUS WELNESS 1132 Positive

Biocon is signaling a major breakout from a 10-month higher consolidation zone. The positive takeaway is that despite decline in broader markets, the stock is in limelight. We are sure; the scrilla bulls will dominate price action with long term perspective. Stochastic and major oscillators are currently on the bulls' side. Accumulate at CMP, and on dips between 575-585 zone, as the stock is likely to run towards its all time high at 718 mark. Aggressive targets placed at 751 mark. Place stops below 539. Holding Period: 3 Months.

Investors with long term perspective should look into accumulating NRB Bearing as the stock is signaling a major breakout on the monthly charts. The positive takeaway from recent price action is that the stock is rebounding from its key supports (38.2% of the move from June 2015 lows to June 2018 highs). Accumulate at CMP, and on any corrective declines between 151--157 zone, as the stock is likely to run above its all-time-highs at 193 and then aggressive targets at psychological 225 zone. Place stop below 139. Holding Period: 3 Months.

Zooming into the Monthly, Quarterly & Yearly chart, we see the stock is signaling a breakout above its all-time-high placed at 668. A breakout play candidate. Establish long positions on corrective declines between 569-577 zone; targeting 668 and then aggressive targets at 751+. Holding Period: 3 Months.

SBI has been a major outperformer from the PSU Bank space. Interestingly, the stock is signaling a major breakout from a probable 'Ascending triangle' on the long term charts. The sequence of higher high/low is still intact on weekly and monthly charts. The stock appears a screaming buy on any corrective declines. Bullish positive reverse divergence and a rising stochastic signal are the key triggers on buy side. Buy at CMP, and on corrective dips between 245-257 zone, as the stock is likely to run towards its all-time-high at 351 mark. Aggressive targets are placed at 401 zone. Place stops below 229. Holding Period: 3 Months.

ZYDUS WELLNESS has corrected sharply in past 2-months and is now at its 61.8 Fibonacci support levels. At the moment the stock is seen consolidating at its extremely oversold zone on daily charts. Key support to watch in near term is at 1101-1125 zone. A major rebound play on cards, positive reverse divergence on daily and weekly charts supporting the buying argument. Establishing long positions at CMP, as the stock is likely to stage big move towards its psychological 1500 mark and then aggressive 12-months targets seen at 2000-2150 zone. Place stops below 869. Holding Period: 12 Months.

Page 5: The Evolution of Knowledge based Research… · SBI has been a major outperformer from the PSU Bank space. Interestingly, the stock is signaling a major breakout from a probable 'Ascending

Top Sectors for the Week

Top Sectors for the Week is a Technical and Macro report containing everything you need to have…a clear, precise and detailed view on the five top momentum sectors... listed in BSE. This detailed multi-analyzed Macro-Technical report is a smart way to enter or exit an outperforming or underperforming sector using the relative strength function.

Top Sectors for the Week reports have an unbeatable track record...You can look out for our previous reports at our website www.comfortsecurities.co.in

Enjoy Your Comfort Zone.

Invest Smart. Build Wealth.

Relative Strength Performancewith Comfort Securities Ltd.

Page 6: The Evolution of Knowledge based Research… · SBI has been a major outperformer from the PSU Bank space. Interestingly, the stock is signaling a major breakout from a probable 'Ascending

Sector Analysis: Relative Strength Performance

Top Sectors for the Week

www.comfortsecurities.co.inEnjoy Your Comfort Zone.

Invest Smart. Build Wealth.

Sectors Relative to Sensex... Outperforming stocks Underperforming stocks

Monday19th November, 2018

BSE Auto Index Neutral MARUTI APOLLO TYRES, HEROMOTO CORP

BSE Banks Index Outperform HDFC BANK, YES BANKCANARA BANK, SBI

BSE Capital Goods Index Neutral SCHAEFFLER, HEG, LARSEN BHEL, SUZLON

BSE Healthcare Index Neutral DIVIS LAB, BIOCON WOCKHARDT

BSE Metals Index Neutral HINDALCO, TATA STEEL NALCO, NMDC.

Page 7: The Evolution of Knowledge based Research… · SBI has been a major outperformer from the PSU Bank space. Interestingly, the stock is signaling a major breakout from a probable 'Ascending

Top Sectors for the Week

From Comfort Research Desk…

www.comfortsecurities.co.inEnjoy Your Comfort Zone.

Invest Smart. Build Wealth.

Sensex: 35,457:

The Week That Was: Amidst volatility, the benchmark Sensex inched up in last week's trade, andmost impartantly outperformed its global peers. Improving technical conditions on backdrop of FIIs buying were seen as key catalyst. Also, optimism was seen all around at Dalal Street, on backdrop of:

1. Crude-oil prices cooling off.2. Strength in Indian Rupee.3. Satisfactory Q2 earning session.4. Retail inflation easing to 3.31% in October; September IIP at 4.5%.5. The US mid-term elections removing a key event risk.

Expect more fireworks if there is any amicable resolution between President Donald Trump and Chinese President XI Jinping; the two are meeting formally later this month.

The positive takeaway was that Sensex and Nifty traded and ended well above their psychological 35,000 mark and 10,600 mark respectively. The benchmark Sensex ended the week, 0.56% higher on a weekly basis. The strength suggests receding fears about further market crash from current levels.

Sensex ended in green in three out of the five trading sessions of the week. The BSE MidCap index gained 0.36% and the BSE SmallCap index drifted 1.27% on weekly basis. Amongst Sectoral indices on weekly basis, the key gainers were BSE FMCG index, up 1.1%, BSE Consumer Durable index, up 3.1%, BSE Bankex index, up 1.4% and BSE Capital Goods index, up 0.90% while the indices ending on a negative note on weekly basis were BSE Healthcare Index, down 2.3%, BSE Reality index, down 2% and BSE Metal index down 2.3%.

Among the BSE-30 stocks, the major gainers were: Bharti Airtel, HDFC, and ICICI Bank, which were up 11.8%, 3.9% & 3.3% respectively. The top three losers of the week were: SUN Pharma, Tata Motors and GAIL which were down 12.8%, 8.2% and 7% respectively.

Meanwhile, Wall Street ended modestly higher on Friday, after comments from President Donald Trump once again sparked hopes that a trade dispute with China could be resolved in the near term. However, for the week, for the week, the Dow fell 2.2%, the S&P 500 dropped 1.6%, while the Nasdaq declined 2.2%..

Week Ahead: Dalal Street will most likely to start the week on a positive note, taking positive cues from a upbeat Wall Street in Friday's trade. The key catalysts this week are:

1. All eyes will be on RBI board meet on November 19th, 2018.2. The second phase of elections in Chhattisgar. The elections in five states will conclude on December 7. Counting of votes will be held across all the five states on December 11. Three states Chhattisgarh and Madhya Pradesh, Rajasthan are ruled by BJP and the election outcome will be crucial. 3. U.S.-China trade relations.4. Crude-oil prices movement.

Technically, the key interweek hurdles to watch on Sensex are at 35,651 & then major hurdles at 37,501 zone. Downside risk for Sensex only on any close below the key support at 34675 mark. Below 34,675, expect the benchmark to slip towards 33201 support zone. The corresponding levels for Nifty are: Supports at 10401 and then at 9951 and then at 9651-9701 zone. Hurdles at 10,765 mark

For the current week, we expect the benchmark Sensex to trade choppy and volatile. Aggressive traders can look to establish short positions on any strength with strict stop above 36,901 on Sensex.

Amongst momentum stocks looking bright are: BAJAJ FINSERVE, CANARA BANK, SBI, LARSEN, RELIANCE INDUSTRIES, HAVELLS, BAJAJ FINANCE, and BRITANNIA. We are negative on stocks like Ashok Leyland, Hero Honda, Lupin, Wockhardt, Motherson Sumi, and BHEL. Among sectoral indices, we have an outperformer rating on BSE Bankex index amidst improving technical conditions. Meanwhile, for this week, our most preferred pair strategies are:

• Pair Strategy: Long MARUTI and Short TATA MOTORS.

• PAIR Strategy: Long HDFC BANK and Short PNB.

Page 8: The Evolution of Knowledge based Research… · SBI has been a major outperformer from the PSU Bank space. Interestingly, the stock is signaling a major breakout from a probable 'Ascending

Top Sectors for the Week

www.comfortsecurities.co.inEnjoy Your Comfort Zone.

Invest Smart. Build Wealth.

BSE Auto Index vs Sensex

• BSE AUTO: 20,517: NEUTRAL.

• The interweek/intermonth outlook continues to be neutral amidst last week's consolidation. The Auto index was seen drifting in last week's trade, down 1.58%. Key interweek supports placed at 19775 support zone. Immediate hurdles are now placed at 22325. Confirmation of strength only above 24101 zone.

• Support: 19775/18901/15251.

• Resistance: 21001/22325/24101.

• Preferred Strategy on Auto Index: For this week, aggressive traders can look to sell on any excessive strength between 20900-21251 zone, targeting 19775 and then aggressive targets seen at 17401-17751 zone with strict stop above 22325.

• Preferred Trade:

• Buy MARUTI SUZUKI (CMP 7341) between 6901-6951 zone, targeting 7450-7501 zone and then at 8001-8101 zone with stop below 6451. Holding Period: 3 Months.

• Sell HERO MOTO CORP (CMP 2961) between 3001-3051 zone, targeting 2701 zone and then at 2200-2301 zone with stop above 3211. Holding Period: 2 Months.

• Outperforming Stocks: MARUTI, MRF

• Underperforming Stocks: APOLLO TYRES, ASHOK LEYLAND, HERO MOTO CORP, TATA MOTORS

PAIR Strategy: Long MARUTI and Short TATA MOTORS

Page 9: The Evolution of Knowledge based Research… · SBI has been a major outperformer from the PSU Bank space. Interestingly, the stock is signaling a major breakout from a probable 'Ascending

Top Sectors for the Week

www.comfortsecurities.co.inEnjoy Your Comfort Zone.

Invest Smart. Build Wealth.

BSE Banks Index vs Sensex

PAIR Strategy: Long CANARA BANK and Short PNB

• BSE BANKS: 29,519: OUTPERFORM.

• The interweek outlook shifts to positive after last week's value buying, up 1.45% on weekly basis. Only on any move below 27000 mark will confirm weakness and trigger major declines towards 25701. Aggressive buying advised only on any move above 30101.

This week, we expect Bank index to trade volatile with slight positive bias, with must watch interweek hurdles at 30101 and key supports at 27001.

• Support: 28501/27001/25701.

• Resistance: 30101/31251/32275.

• Preferred Strategy on Bank Index: For this week, aggressive traders can look to buy between 28700-28900 zone, targeting 30101 and then aggressive targets seen at 32001-32275 zone with strict stop below 28001.

• Preferred Trade:

• Buy CANARA BANK (CMP 263.70) between 253-257 zone, targeting 275-277.50 zone and then at 301.50 zone with stop below 227. Holding Period: 2 Months.

• Buy STATE BANK OF INDIA (CMP 290.90) between 279-283 zone, targeting 301 zone and then at 312-315 zone with stop below 263. Holding Period: 2 Months.

• Outperforming Stocks: HDFC BANK, SBI, CANARA BANK, BANK OF INDIA, BANK OF BARODA.

• Underperforming Stocks: YES BANK.

Page 10: The Evolution of Knowledge based Research… · SBI has been a major outperformer from the PSU Bank space. Interestingly, the stock is signaling a major breakout from a probable 'Ascending

Top Sectors for the Week

www.comfortsecurities.co.inEnjoy Your Comfort Zone.

Invest Smart. Build Wealth.

BSE Capital Goods Index vs Sensex

PAIR Strategy: Long LARSEN and Short BHEL

• BSE CAPITAL GOODS: 18,411: NEUTRAL.

• The interweek outlook continues to be neutral/positive after recent spectacular rebound, and up 0.91% in last week's trade. Hurdles now seen at 19251. Downside risk only below 15901 mark. Expect larger declines only below 15901. Major hurdles at 19251.

• Support: 17601/17001/15501.

• Resistance: 18501/19251/20701.

• Preferred Strategy on Capital Goods Index: For this week, buying between 17501-17801 zone, should be the preferred trading strategy, targeting 18501 and then at 19001-19251 zone with strict stop below 17201.

• Preferred Trade:

• Sell BHEL (CMP 66.75) between 75-77.50 zone, targeting 65 zone and then at 55-57.50 zone with stop above 83.05. Holding period: 2 months.

• Buy HAVELLS (CMP 674.20) on excessive weakness between 629-635 zone, targeting 691 zone and then at 705-715 zone with stop below 605. Holding period: 2 months.

• Outperforming Stocks: ABB, HAVELLS, SCHAEFFLER, HEG, GRAPHITE, CARBONDUM UNIVERSAL, LARSEN.

• Underperforming Stocks: BHEL, BEML, SUZLON, NBCC.

Page 11: The Evolution of Knowledge based Research… · SBI has been a major outperformer from the PSU Bank space. Interestingly, the stock is signaling a major breakout from a probable 'Ascending

Top Sectors for the Week

www.comfortsecurities.co.inEnjoy Your Comfort Zone.

Invest Smart. Build Wealth.

BSE Healthcare Index vs Sensex

PAIR Strategy: Long DIVIS LAB and Short WOCKHARDT

• BSE HEALTHCARE: 14,693: NEUTRAL.

• The interweek outlook continues to be neutral amidst last week's volatile conditions, down 2.34% on weekly basis. Key supports to watch are at 13751 zone. Major declines now likely only below 12501 mark. Confirmation of strength above 16501.

• Support: 13751/12501/11001.

• Resistance: 15157/15751/16501.

• Preferred Strategy on Healthcare Index: For this week, aggressive traders should look to buy only on any sharp corrective declines near 13901-14101 zone, targeting 15157 zone and then at 16501 mark with strict stop below 12451.

• Preferred Trade:

• Sell LUPIN (CMP 864.70) between 871-877 zone, targeting 835 zone and then at 801-811 zone with stop above 905. Holding Period: 1 month.

• Buy AJANTA PHARMA at CMP 1119.65, and on any weakness between 1045-1051 zone, targeting 1201 zone and then at 1301-1325 zone with stop below 951. Holding Period 3 months.

• Outperforming Stocks: AUROBINDO PHARMA, NOVARTIS, PFIZER, DIVIS LAB, BIOCON.

• Underperforming Stocks: LUPIN, FORTIS, WOCKHARDT.

Page 12: The Evolution of Knowledge based Research… · SBI has been a major outperformer from the PSU Bank space. Interestingly, the stock is signaling a major breakout from a probable 'Ascending

Top Sectors for the Week

www.comfortsecurities.co.inEnjoy Your Comfort Zone.

Invest Smart. Build Wealth.

BSE Metals Index vs Sensex

PAIR Strategy: Long HINDALCO and Short NMDC

• BSE METALS: 12,567: NEUTRAL

• The interweek outlook continues to be neutral despite last week's weakness, down 2.30% on weekly basis. Confirmation of strength only above 14501 mark. Major support seen at 11501. Intermediate support seen at 12501.

• Support: 12501/11501/10050.

• Resistance: 13251/14501/16001.

• Preferred Strategy on Metals Index: For this week, aggressive traders can look to buy only above 13251 zone, targeting 14501 and then at 14901-15001 zone with strict stop below 12501.

• Preferred Trade:

• Buy JINDAL STEEL & POWER (CMP 184.15) on sharp corrective declines between 175-177.50 zone, targeting 191 and then at 207-211 zone. Stop below 159. Holding period: 3 months.

• Buy HINDALCO (CMP 229.95) between 215-219 zone, targeting 245 and then at 261-265 zone. Stop below 211. Holding period: 2 months.

• Outperforming Stocks: TATA STEEL, JSW STEEL, HINDALCO.

• Underperforming Stocks: NALCO, NMDC

Page 13: The Evolution of Knowledge based Research… · SBI has been a major outperformer from the PSU Bank space. Interestingly, the stock is signaling a major breakout from a probable 'Ascending

Instrument Close S1 S2 R1 R2 200 Day SMA Reversal Point Trend

WEEKLY PIVOT TABLE

www.comfortsecurities.co.inEnjoy Your Comfort Zone.

Invest Smart. Build Wealth.

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.

Monday19th November, 2018

NIFTY 10682.2 10643.85 10605.5 10707.85 10733.5 10669.5 10754.26 DOWN

BANKNIFTY 26245.55 26134.48 26023.42 26344.68 26443.82 26233.62 26034.84 UP

NIFTYMID50 4806.95 4772.75 4738.55 4845.9 4884.85 4811.7 5010.92 DOWN

ACC 1501.4 1486.4 1471.4 1522.2 1543 1507.2 1495.87 UP

ADANIENT 161.45 158.02 154.58 164.37 167.28 160.93 131.98 UP

ADANIPORTS 347.45 342.5 337.55 351.9 356.35 346.95 374.25 DOWN

AJANTPHARM 1119.6 1093.1 1066.6 1142.55 1165.5 1116.05 1177.17 DOWN

ALBK 43.35 41.77 40.18 44.47 45.58 42.88 45.21 DOWN

AMARAJABAT 733.75 720.67 707.58 744.47 755.18 731.38 798.12 DOWN

ANDHRABANK 28.8 28.32 27.83 29.22 29.63 28.73 35.99 DOWN

APOLLOTYRE 226.25 223.1 219.95 230.4 234.55 227.25 259.63 DOWN

ARVIND 319 308.13 297.27 325.88 332.77 315.02 388.88 DOWN

ASHOKLEY 105.55 104.57 103.58 107.02 108.48 106.03 133.33 DOWN

ASIANPAINT 1321.3 1313.07 1304.83 1329.67 1338.03 1321.43 1253.05 UP

AUROPHARMA 782.65 772.93 763.22 792.43 802.22 782.72 644.59 UP

AXISBANK 619.8 612 604.2 632.15 644.5 624.35 558.74 UP

BAJAJ-AUTO 2695.35 2678.37 2661.38 2709.12 2722.88 2692.13 2832.57 DOWN

BAJAJFINSV 5695.65 5628.9 5562.15 5746.2 5796.75 5679.45 5794.82 DOWN

BAJFINANCE 2402.1 2355.67 2309.23 2432.87 2463.63 2386.43 2175.81 UP

BALKRISIND 954.9 937.22 919.53 972.77 990.63 955.08 1143.83 DOWN

BALRAMCHIN 109.65 107.6 105.55 112.6 115.55 110.55 82.87 UP

BANKBARODA 115.2 111.4 107.6 117.65 120.1 113.85 132.91 DOWN

BANKINDIA 88.15 84.58 81.02 90.48 92.82 86.92 99.49 DOWN

BATAINDIA 1003.95 995.28 986.62 1012.33 1020.72 1003.67 845.28 UP

BEL 92.85 90.62 88.38 96.07 99.28 93.83 119.24 DOWN

BEML 700.45 682.43 664.42 728.08 755.72 710.07 923.73 DOWN

BERGEPAINT 317.5 311.37 305.23 321.27 325.03 315.13 284.11 UP

BHARATFIN 925.6 916.1 906.6 940.6 955.6 931.1 1099.59 DOWN

BHARATFORG 593 586.07 579.13 597.97 602.93 591.03 666.3 DOWN

BHARTIARTL 332.75 310.9 289.05 345.7 358.65 323.85 374.29 DOWN

BHEL 66.75 65.92 65.08 67.32 67.88 66.48 79.29 DOWN

BIOCON 624.95 620.32 615.68 631.77 638.58 627.13 620.07 UP

BPCL 322.05 316.88 311.72 326.23 330.42 321.07 386.96 DOWN

BRITANNIA 5947.65 5828.43 5709.22 6028.43 6109.22 5909.22 5657.9 UP

CANBK 263.7 254.27 244.83 269.77 275.83 260.33 264.41 DOWN

CANFINHOME 265.6 255.13 244.67 278.78 291.97 268.32 372.39 DOWN

CAPF 494.4 486.47 478.53 501.57 508.73 493.63 582.57 DOWN

CASTROLIND 151 148.7 146.4 153.05 155.1 150.75 172.34 DOWN

CEATLTD 1251.5 1235.32 1219.13 1272.67 1293.83 1256.48 1398.38 DOWN

CENTURYTEX 901.35 890.23 879.12 914.23 927.12 903.12 1009 DOWN

CESC 687.05 681.67 676.28 690.97 694.88 685.58 950.57 DOWN

CGPOWER 36 35.08 34.17 36.58 37.17 35.67 64.52 DOWN

CHENNPETRO 266.9 262.67 258.43 271.72 276.53 267.48 310.03 DOWN

CHOLAFIN 1255.5 1222.95 1190.4 1295.3 1335.1 1262.75 1438.45 DOWN

CIPLA 530.6 523.13 515.67 536.03 541.47 528.57 600.83 DOWN

COALINDIA 263.65 261.37 259.08 265.87 268.08 263.58 280.26 DOWN

COLPAL 1147.6 1130.07 1112.53 1161.07 1174.53 1143.53 1123.87 UP

CUMMINSIND 795.95 781.98 768.02 816.43 836.92 802.47 731.24 UP

DABUR 395.65 390.3 384.95 399 402.35 393.65 383.31 UP

DALMIABHA 2263.7 2224.17 2184.63 2301.07 2338.43 2261.53 2586.36 DOWN

DCBBANK 155.1 153.7 152.3 156.95 158.8 155.55 170.34 DOWN

DHFL 225.35 216.13 206.92 240.78 256.22 231.57 528.82 DOWN

DISHTV 37.05 36.3 35.55 38.1 39.15 37.35 67.27 DOWN

DIVISLAB 1558.7 1532.53 1506.37 1579.93 1601.17 1553.77 1170.09 UP

DLF 169.4 165.6 161.8 172.4 175.4 168.6 199.61 DOWN

DRREDDY 2477.05 2447.13 2417.22 2501.88 2526.72 2471.97 2253.65 UP

EICHERMOT 24735 24163.4 23591.8 25068.3 25401.6 24496.7 27670.67 DOWN

ENGINERSIN 115.3 113 110.7 118.8 122.3 116.5 139.12 DOWN

EQUITAS 109.35 107.25 105.15 111.65 113.95 109.55 142.23 DOWN

ESCORTS 662.9 653.4 643.9 675.15 687.4 665.65 834.9 DOWN

EXIDEIND 246.35 243.25 240.15 250.3 254.25 247.2 250.48 DOWN

FEDERALBNK 79.9 78.25 76.6 81.05 82.2 79.4 86.48 DOWN

FORTIS 146.5 144.12 141.73 147.87 149.23 145.48 143.24 UP

GAIL 342.2 338.4 334.6 348.85 355.5 345.05 349.92 DOWN

GLENMARK 646.95 636.9 626.85 665.5 684.05 655.45 583.61 UP

GMRINFRA 16.05 15.9 15.75 16.3 16.55 16.15 17.96 DOWN

GODREJCP 723.4 713.77 704.13 730.27 737.13 720.63 798.03 DOWN

GODREJIND 517.55 509.28 501.02 523.73 529.92 515.47 567.35 DOWN

GRANULES 100.75 98.8 96.85 103.25 105.75 101.3 102.02 DOWN

GRASIM 831.9 815.37 798.83 843.07 854.23 826.53 1027.3 DOWN

GSFC 105.7 104.57 103.43 107.12 108.53 105.98 116.34 DOWN

HAVELLS 674.2 663.18 652.17 686.33 698.47 675.32 576.22 UP

HCC 13.95 13.78 13.62 14.08 14.22 13.92 18.82 DOWN

HCLTECH 1022.2 998.03 973.87 1042.08 1061.97 1017.92 980.56 UP

HDFC 1889 1861.7 1834.4 1904.6 1920.2 1877.3 1856.28 UP

HDFCBANK 2004.3 1985.2 1966.1 2018.2 2032.1 1999.1 1998.21 UP

HDIL 22 21.6 21.2 22.75 23.5 22.35 31.03 DOWN

HEROMOTOCO 2961.9 2934.77 2907.63 2979.52 2997.13 2952.38 3388.19 DOWN

HEXAWARE 309.2 303.87 298.53 315.67 322.13 310.33 413.61 DOWN

HINDALCO 229.95 227.15 224.35 234.1 238.25 231.3 231.42 DOWN

HINDPETRO 243.65 237.95 232.25 250.5 257.35 244.8 297.19 DOWN

HINDUNILVR 1689.1 1675.6 1662.1 1710.3 1731.5 1696.8 1545.67 UP

HINDZINC 266.7 263.43 260.17 271.63 276.57 268.37 294.15 DOWN

IBREALEST 83.25 81.63 80.02 86.23 89.22 84.62 162.21 DOWN

IBULHSGFIN 766.2 741.97 717.73 803.57 840.93 779.33 1172.31 DOWN

ICICIBANK 367.55 363.63 359.72 373.38 379.22 369.47 306.97 UP

ICICIPRULI 328.5 324.17 319.83 333.77 339.03 329.43 386.09 DOWN

ICIL 60.05 59.43 58.82 60.93 61.82 60.32 81.19 DOWN

IDBI 60.9 60.02 59.13 61.62 62.33 60.73 62.84 DOWN

IDEA 43 38.17 33.33 45.87 48.73 41.03 59.98 DOWN

IDFC 39.15 38.6 38.05 39.6 40.05 39.05 48.33 DOWN

IDFCBANK 36.45 35.93 35.42 36.78 37.12 36.27 43.77 DOWN

IFCI 14.25 14.02 13.78 14.42 14.58 14.18 17.83 DOWN

IGL 267.9 263.48 259.07 272.58 277.27 268.17 276.62 DOWN

INDIACEM 93.85 92.67 91.48 95.57 97.28 94.38 125 DOWN

INDIANB 229.15 223.97 218.78 233.42 237.68 228.23 311 DOWN

INDIGO 1049.4 1028.27 1007.13 1070.27 1091.13 1049.13 1123.17 DOWN

INDUSINDBK 1501.1 1483.23 1465.37 1522.48 1543.87 1504.62 1802.04 DOWN

INFIBEAM 47.1 44.03 40.97 51.83 56.57 48.77 151.91 DOWN

INFRATEL 259.6 256.32 253.03 262.57 265.53 259.28 302.9 DOWN

INFY 650.85 642.53 634.22 660.83 670.82 652.52 636.14 UP

IOC 143.35 141.17 138.98 145.62 147.88 143.43 164.57 DOWN

ITC 276.55 275.1 273.65 278.15 279.75 276.7 279.4 DOWN

JETAIRWAYS 346.5 308.45 270.4 375.75 405 337.7 435.86 DOWN

JINDALSTEL 175 171.43 167.87 180.88 186.77 177.32 222.46 DOWN

JISLJALEQS 72.6 71.48 70.37 73.43 74.27 72.32 94.41 DOWN

JPASSOCIAT 6.6 6.5 6.4 6.7 6.8 6.6 14.49 DOWN

JSWENERGY 70.9 70.18 69.47 71.43 71.97 70.72 72.25 DOWN

JSWSTEEL 335.1 330.12 325.13 342.17 349.23 337.18 331.85 UP

JUBLFOOD 1191.1 1168.77 1146.43 1217.72 1244.33 1195.38 1250.82 DOWN

JUSTDIAL 491.3 480.63 469.97 504.33 517.37 493.67 502.17 DOWN

KOTAKBANK 1168.6 1156.57 1144.53 1176.82 1185.03 1164.78 1203.77 DOWN

KPIT 211.95 209.7 207.45 214.5 217.05 212.25 250.79 DOWN

KSCL 518 501.33 484.67 528.33 538.67 511.67 536.84 DOWN

KTKBANK 107.65 106.82 105.98 108.67 109.68 107.83 117.2 DOWN

L&TFH 132.55 130.25 127.95 135.8 139.05 133.5 159.22 DOWN

LICHSGFIN 453.35 444.8 436.25 465.4 477.45 456.85 498.09 DOWN

LT 1399.05 1389.03 1379.02 1411.53 1424.02 1401.52 1318.93 UP

LUPIN 864.7 856.8 848.9 871.25 877.8 863.35 837.73 UP

M&M 767.6 759.4 751.2 776.15 784.7 767.95 840.05 DOWN

M&MFIN 438 428.95 419.9 445.5 453 436.45 458.72 DOWN

MANAPPURAM 85.95 85.15 84.35 86.75 87.55 85.95 101.62 DOWN

MARICO 346.6 343.1 339.6 351 355.4 347.5 329.71 UP

MARUTI 7341.2 7247.82 7154.43 7489.32 7637.43 7395.93 8629.02 DOWN

MCDOWELL-N 647.1 641.77 636.43 652.62 658.13 647.28 622.92 UP

MCX 703.25 692.28 681.32 719.93 736.62 708.97 771.59 DOWN

MGL 844.5 837.07 829.63 856.87 869.23 849.43 889.18 DOWN

MOTHERSUMI 149.2 142.03 134.87 154.83 160.47 147.67 203.13 DOWN

MRF 65754.95 65295.61 64836.26 66507.16 67259.35 66047.8 72153.53 DOWN

MRPL 80.65 79.95 79.25 81.45 82.25 80.75 94.35 DOWN

MUTHOOTFIN 460.9 452.9 444.9 469.3 477.7 461.3 410.69 UP

NATIONALUM 66.1 65.48 64.87 66.83 67.57 66.22 69.29 DOWN

NBCC 59.5 57.92 56.33 61.02 62.53 59.43 82.7 DOWN

NCC 87.75 86.13 84.52 89.73 91.72 88.12 104.08 DOWN

NMDC 100.75 97.18 93.62 106.33 111.92 102.77 115.73 DOWN

NTPC 154.05 152.87 151.68 155.37 156.68 154.18 163.79 DOWN

OFSS 3573.45 3479.18 3384.92 3643.53 3713.62 3549.27 3962.48 DOWN

ONGC 156.35 153.43 150.52 158.63 160.92 155.72 172.8 DOWN

ORIENTBANK 91.75 87.37 82.98 95.07 98.38 90.68 84.07 UP

PCJEWELLER 74.15 70.23 66.32 78.33 82.52 74.42 184.42 DOWN

PEL 2345.4 2298.17 2250.93 2381.22 2417.03 2333.98 2534.46 DOWN

PETRONET 216 213.08 210.17 217.98 219.97 215.07 226.77 DOWN

PFC 101.35 96.75 92.15 107.05 112.75 102.45 86.87 UP

PIDILITIND 1118.9 1105.88 1092.87 1127.08 1135.27 1114.07 1029.68 UP

PNB 73.2 71.15 69.1 74.7 76.2 72.65 90.4 DOWN

POWERGRID 188.1 186.2 184.3 190 191.9 188.1 194.45 DOWN

PTC 81.05 79.83 78.62 82.08 83.12 80.87 84.97 DOWN

PVR 1417 1400.5 1384 1436.5 1456 1420 1325.44 UP

RAMCOCEM 619.35 607.4 595.45 639.95 660.55 628 710.92 DOWN

RAYMOND 774.45 761.83 749.22 790.53 806.62 777.92 890.7 DOWN

RBLBANK 559.25 550.97 542.68 564.72 570.18 556.43 529.33 UP

RCOM 13.55 13.23 12.92 13.78 14.02 13.47 17.75 DOWN

RECLTD 121.05 117.2 113.35 125.9 130.75 122.05 118.79 UP

RELCAPITAL 237.75 231.53 225.32 248.18 258.62 241.97 393.93 DOWN

RELIANCE 1127.4 1106.35 1085.3 1139.2 1151 1118.15 1037.99 UP

RELINFRA 329.95 318.33 306.72 347.28 364.62 335.67 411.25 DOWN

REPCOHOME 401.35 390.92 380.48 413.12 424.88 402.68 542.49 DOWN

RPOWER 30.4 29.63 28.87 31.38 32.37 30.62 35.18 DOWN

SAIL 64.1 63.4 62.7 64.95 65.8 64.25 76.27 DOWN

SBIN 290.9 285.07 279.23 294.27 297.63 288.43 270.97 UP

SHREECEM 15935.9 15604 15272.1 16283.9 16631.9 15952 16563.07 DOWN

SIEMENS 981.45 939.23 897.02 1004.93 1028.42 962.72 1038.47 DOWN

SOUTHBANK 14.55 14.32 14.08 14.77 14.98 14.53 21.51 DOWN

SREINFRA 35.1 32.57 30.03 38.77 42.43 36.23 64.03 DOWN

SRF 2040.25 2015.43 1990.62 2071.68 2103.12 2046.87 1901.21 UP

SRTRANSFIN 1235.2 1210.47 1185.73 1267.47 1299.73 1242.73 1340.93 DOWN

STAR 464.65 456.6 448.55 474.75 484.85 466.7 513.97 DOWN

SUNPHARMA 519.75 513.58 507.42 525.73 531.72 519.57 557.09 DOWN

SUNTV 608.15 589.6 571.05 621.1 634.05 602.55 816.28 DOWN

SUZLON 5.65 5.58 5.52 5.73 5.82 5.67 8.96 DOWN

SYNDIBANK 35.6 34.77 33.93 36.32 37.03 35.48 47.04 DOWN

TATACHEM 695.85 688.48 681.12 700.73 705.62 693.37 707.97 DOWN

TATACOMM 548.45 526.07 503.68 562.37 576.28 539.98 580.81 DOWN

TATAELXSI 962.55 944.38 926.22 993.33 1024.12 975.17 1183.27 DOWN

TATAGLOBAL 221.8 218.82 215.83 224.52 227.23 221.53 254.8 DOWN

TATAMOTORS 179.9 177.88 175.87 181.88 183.87 179.87 288.76 DOWN

TATAMTRDVR 98.95 98.1 97.25 99.8 100.65 98.95 162.52 DOWN

TATAPOWER 76.8 75.47 74.13 77.77 78.73 76.43 77.45 DOWN

TATASTEEL 574.1 565.43 556.77 586.88 599.67 578.22 592.64 DOWN

TCS 1886.6 1871.3 1856 1900.85 1915.1 1885.55 1795.43 UP

TECHM 728 715.23 702.47 736.53 745.07 723.77 672.42 UP

TITAN 921.35 913.13 904.92 929.13 936.92 920.92 875.43 UP

TV18BRDCST 36.9 36.43 35.97 37.33 37.77 36.87 51.92 DOWN

TVSMOTOR 551.6 546.27 540.93 556.22 560.83 550.88 592.43 DOWN

UBL 1315.6 1302.58 1289.57 1327.78 1339.97 1314.77 1169.13 UP

UJJIVAN 230 225.22 220.43 235.62 241.23 230.83 346.82 DOWN

UNIONBANK 82.6 80.33 78.07 84.73 86.87 82.47 89.66 DOWN

UPL 771.85 761.58 751.32 778.38 784.92 768.12 686.72 UP

VEDL 206.8 205.23 203.67 208.68 210.57 207.12 255.91 DOWN

VGUARD 195.55 193.13 190.72 198.98 202.42 196.57 212.09 DOWN

VOLTAS 552.55 544.53 536.52 558.03 563.52 550.02 575.67 DOWN

WIPRO 326.2 323 319.8 329.9 333.6 326.7 291 UP

WOCKPHARMA 525.35 518.23 511.12 534.73 544.12 527.62 667.06 DOWN

YESBANK 191 185.28 179.57 199.23 207.47 193.52 316.24 DOWN

ZEEL 443.6 435.57 427.53 451.57 459.53 443.53 531.51 DOWN

Page 14: The Evolution of Knowledge based Research… · SBI has been a major outperformer from the PSU Bank space. Interestingly, the stock is signaling a major breakout from a probable 'Ascending

CommodityExchange Close S1 S2 R1 R2200 Day

SMA Reversal

Point Trend

WEEKLY PIVOT TABLE (Commodities)

www.comfortsecurities.co.inEnjoy Your Comfort Zone.

Invest Smart. Build Wealth.

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

139.3 138.47 137.63 139.92 140.53 146 137.8 DOWN

1475.7 1455.6 1435.5 1500.4 1525.1 1143.94 1402 UP

6020 5993.33 5966.67 6073.33 6126.67 4448.73 6016 UP

4449 4403.67 4358.33 4539.67 4630.33 3852.54 4859.5 UP

442.9 436.63 430.37 446.68 450.47 444.77 443.85 DOWN

22390 22286.67 22183.33 22506.67 22623.33 21822 22620 DOWN

4054 3992.33 3930.67 4137.33 4220.67 4625.19 4335 UP

31007 30829 30651 31166 31325 30714.01 31328 DOWN

9685 9614 9543 9792 9899 9001.07 9850 DOWN

4620 4582.33 4544.67 4683.83 4747.67 4194.52 4584 DOWN

19310 19223.33 19136.67 19398.33 19486.67 17463.25 20062.5 UP

143.7 140.2 136.7 145.85 148 153.65 134.98 DOWN

1796.4 1787.3 1778.2 1806.2 1816 1485.69 1750.95 UP

297.9 282.3 266.7 313.4 328.9 200.94 247.9 UP

816.7 809.67 802.63 823.47 830.23 926.97 837.25 UP

4054 4007 3960 4107 4160 4054.43 4030 DOWN

36991 36729 36467 37204 37417 38647.4 37554 UP

3050 3050 3050 3050 3050 3614.83 3015 DOWN

3363 3353.33 3343.67 3374.33 3385.67 3518.85 3303 UP

192.2 188.68 185.17 194.28 196.37 198.23 176.05 UP

Monday19th November, 2018

Page 15: The Evolution of Knowledge based Research… · SBI has been a major outperformer from the PSU Bank space. Interestingly, the stock is signaling a major breakout from a probable 'Ascending

Comfort Securities Ltd.

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.

Enjoy Your Comfort Zone. Invest Smart. Build Wealth. www.comfortsecurities.co.in

Registered Office Mumbai:

Comfort Securities Ltd.

A-301, Hetal Arch, S.V. Road,

Opp. Natraj Mkt., Malad (W),

Mumbai 400 064

Phone: 91-22-28811259,

28449765, 28825509

Fax: 91-22-28892527

Email: [email protected]

Comfort Securities

605, 6th Floor,

DDA2 Building,

New Delhi 110058,

Janakpuri District Center,

Janakpuri, Delhi, 110058

Phone: 011 4568 0560

Ltd. Comfort Securities

2nd Floor, Shop No S14,

T 14, Friends Tower,

Sanjay Place, Agra

Phone: 0562-4218950

Ltd.Comfort Securities

227-228, 2nd Floor,

Natraj Market,

S.V Road, Malad (W),

Mumbai 400 064

Phone:

(Natraj) 022-42733000

Ltd. Comfort Securities

Krishna Niwas,

Office No. 14, 2nd Floor,

Shahid Bhagat Singh Road,

Ballard Estate, Fort,

Mumbai 400001

Phone: 022-49091000

Ltd.