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Welcome Note

Friday13th July, 2018

Stock Of The Day: (F & O)

Forecast and Analysis

CONTENTSCONTENTS



Title Page No.

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

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

Equity Derivatives 10

Daily Pivot Table (Equities) 11

Forecast and Analysis 12-14

Daily Pivot Table (Commodities) 15

Disclaimer 16

'30,000 feet view’:

The big picture of Dalal Street

'30,000 feet view’:

The big picture of Dalal Street



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

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

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

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

www.comfortsecurities.co.inEnjoy Your Comfort Zone.


Nifty Outlook

Intraday

Medium Term

Long Term

Key Levels to Watch

Nifty Support

Nifty Resistance

Pivot Level

Nifty

Outlook for the Day

INDICES

Nifty

Bank Nifty

Nifty Auto Index

Nifty FMCG Index

Nifty Infra Index

Nifty IT Index

Nifty Media Index

Nifty Midcap Index

Nifty Metal Index

Nifty Pharma Index

Nifty Reality Index

Nifty Smallcap Index

Sensex

SGX Nifty


Good Morning & Welcome to Thursday’s trading action at Dalal Street, dated 12th July

2018.

It’s Friday the 13th.

Friday the 13th is considered an unlucky day. Well, this morning, when we stepped out

for work, sun did rise, our coffee was also hot, and the traffic as usual was slow, and

most importantly, the global stock market cues are positive — really do not see any

reason why bad luck will haunt us in today’s trade.

The number 13 is taken seriously, probably because it is positioned after 12, which is

considered to be a “complete” number by numerologists. Think about it—there are 12

months, 12 zodiac signs, 12 gods of Olympus, 12 apostles of Jesus... the list goes on

and on, and 13 is only divisible by one and itself. Probably, the number 13 is just

beyond that perfect 12 and it makes people feel uneasy.

At the time of writing, SGX Nifty was trading with modest gains, up 21 points at 11044,

as the street is hoping that the two biggest economies in the world — U.S. and China,

will resolve their differences soon.

Also in favor of bulls camp are the taking oil prices. Oil prices on Thursday extended

their sharp losses, after a monthly report from the International Energy Agency hinted

at a slowdown in crude demand and revealed an uptick in global supplies.

Our chat of the day says, ‘Friday, the 13th’ will not be ill-fated unless INFOSYS

unveils an ugly Q1 results. This will be INFY’s second full quarterly numbers under its

new chief executive officer and managing director Salil Parekh. The street will close

watch Infosys’ revenue growth in constant currency terms and in dollar terms. That

apart, large deal wins, if any, will be eyed.

Beore INFY Q1 number trickles in, the street will react to the macro economic data

released last evening:

1. Consumer Inflation zooms to 5% in June.

2. Industrial Production slips to 3.2% in May.

Bottom-line: The bear machete unlikely to come out this Friday the 13th to install a

major market top. That said, caution warranted ahead of INFY’s Q1 earnings.

What Technical Tells Us on Nifty: In Thursday’s session, the benchmark Nifty

ended with spectacular gains, up 0.68% to settle at 11,023.30. The Sensex settled at

a record closing high while the Nifty closed near its all time high.

The market breadth, indicating the overall health of the market, was negative. The

BSE Mid-Cap index fell 0.52%. The BSE Small-Cap index fell 0.06%. Both these

indices underperformed the Sensex.

Technically speaking, Nifty’s biggest hurdles’ are at its all-time-high at

11,171.55.

The must watch support levels are placed at 10941 & then at 10871. The technical

landscape will worsen only if Nifty slips below the 10,557 mark as that would open the

door to massive technical selling, possibly quickly to the 10,327-10,375 zone.

In today’s session, Nifty may most likely consolidate and the benchmark most

probably will struggle to move above 11,175 mark.

The price action for Nifty is suggesting that we are likely to see a 10,800-

11,301 range in near term with neutral bias.

11023 0.68%

27027 0.78%

11038 -0.80%

29933 0.44%

3113 0.45%

14515 -0.14%

2968 -1.05%

4930 -0.51%

3300 -0.51%

9244 0.17%

271 -1.09%

7396 -0.18%

36548 0.78%

110410.18%

Volatile session likely.

Neutral (10845-11001)

Neutral (10501-11201)

Neutral (12001)

10941 & 10871

11187 & 11501

10301



Technical Strategy


Outlook for Friday: All eyes on INFY & U.S Jobs data.

Judging by early action at SGX Nifty, it’s likely that the benchmark Nifty to step higher

in today’s trade. But, the big question is whether the gains will be widespread? Well,

the broader markets are likely to trade subdued amidst;

1. Bank NPAs + mammoth banking fraud.

2. uncertain political outlook

3. Trump-China trade war concerns

4. Rising U.S bond yields.

5. Selling by FIIs camp.

Technically, refresh buying appetite only above 11,175 mark.

Commodity Cues:

• In commodities, oil prices traded sharply lower as a report showed after a

monthly report from the International Energy Agency hinted at a slowdown in

crude demand and revealed an uptick in global supplies.

• Gold futures finished slightly lower in Thursday’s trade, languishing again at its

lowest finish since December.

• Copper prices were seen languishing at its lowest level in a year.

• Soybean prices have hit a 10-year low. Prices are falling as a result of the

escalating trade war between the United States and China. China is the world's

largest buyer of American soybeans. Farmers in the United States sell about a

third of their harvest there. Soybeans are used both for cooking and for feeding

livestock.

Currencies & Bonds:

• In Thursday’s trade, the US Dollar index inched up amidst value buying and was

seen aiming to move above the 95 mark.

• USD/INR was seen consolidating in Thursday's trade with negative bias amidst

profit booking and strength in domestic stock markets. Key interweek support

seen at 67.45. Hurdles now seen at 69.11. Confirmation of strength only above

69.11.

Macro Watch:

• CPI data released yesterday cements expectations of a hike in key interest rates

by the Reserve Bank of India as early as August. The RBI had last month

announced a hike in repo rate - the rate at which it lends to commercial banks -

by 25 basis points, or 0.25 per cent, marking the first increase in hike in more

than four years.

• The Monsoon session of Parliament is set to being from July 18 and end on

August 10th 2018. The Agenda includes 11 legislative bills currently pending in

parliament for consideration and passing. Nine new bills are also proposed to

be introduced.

• All eyes will be U.S. payrolls due Friday, the 13th.

JUBILANT FOODS

Action

Target

Support

Resistance

Holding Period

1431

BUY

1501

1407/1355

1451/1505

9 Days.

In Jubilant Foods’ was seen trading range bound,

down 0.23%.

Technically, Jubilant Foods is signaling a major

breakout on the daily charts from a higher

consolidation zone.

The stock is in bullish position where it wants to

ascent from an higher conoldation zone. The

recent sequence of higher high/low is intact on all

time frames.

The momentum oscillators are in buy mode and

any move above 1451 will confirm the strength

zone and such up move needs to be backed by

increases in volumes.

Key support to watch in near term is at 1407 zone.

Medium term supports seen at 1355 zone.

Interweek perspective: Establish long

positions at CMP, targeting 1451 zone and then at

1501-1505 zone with strict stop at 1403.



‘30,000 feet

view’: The big

picture of

Dalal Street


Stocks To Watch:

• Our chart of the day suggests establishing short positions in stocks like

HINDALCO, BOSCH & CANARA BANK on any early strength.

• Bullish stocks: HDFC, JUBILANT FOODS, NIIT TECH, BERGER PAINTS,

MINDTREE, TATA ELXSI, BAJAJ FINANCE, MARICO, KPIT.

• Bearish stocks: CANARA BANK, HINDALCO, ICICI BANK, IDFC, DHFL, IDEA

CELLULAR, CANARA BANK, BOI.

• Show Me the Money: Sell BOSCH (CMP 17446): Overbought technical

conditions prevail for BOSCH. Major weakness below 17001. Intermonth

Strategy: Sell at CMP, targeting 17001 and then at 15001-15251 zone. Stop

above 18901.

• Q1 results to trickle in: INFY 13 July, HUL July 16, ASHOK LEYLAND 17 July,

RBL BANK, 19 July, KOTAK BANK 19 July, BAJAJ AUTO 20 July, WIPRO 20 July,

HDFC 30 July

• Stocks banned in F&O segment for today: IDBI.

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

The bulls have emerged triumphant in Thursday’s trade despite more of headwinds

than tailwinds.

To be precise, positive bias on Nifty as long as 10,701 support is held.

Preferred trade on Nifty: Nifty (11023): Buy between 10941-10965 zone,

targeting 11175 and then at 11245-11445 zone with stop at 10791.

Preferred trade on Bank Nifty: Bank Nifty (27027): Buy between 26750-26851

zone, targeting 27251 and then at 27551-27751 zone with stop at 26451.

Daily Chart of Nifty:



Comfort stock of the day


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

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


R2STOCKS LTP S1 S2 R1 TRADING STRATEGYBIAS


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


The interweek risk is on the upside with immediate targets at 6505. Momentum oscillators signaling major strength. Interweek Strategy: Buy between 6195-6205 zone, targeting 6325 and then at 6501-6505 zone with stop below 6075.

HDFC is aiming to close above its key psychological 2000 mark. The sequence of higher high/low still intact on daily, weekly and monthly charts. Interweek Strategy: Buy between 1945-1955 zone, targeting 1987 and then more aggressive targets located at 2001-2009 zone. Stop below 1923.

Jubilant Foods is aiming to move above its 4-week higher consolidation zone. The sequence of higher high/low still intact on daily, weekly and monthly charts. Interweek Strategy: Buy at CMP, targeting 1451 and then more aggressive targets located at 1497-1503 zone. Stop below 1401.

JSW STEEL enjoyed strong session in Thursday's trade, up 1.20%. Key intraday support seen at 311. Intermonth Strategy: Buy at CMP, targeting 327-329 zone and then aggressive targets at 345-351 zone. Stop below 303.

Overbought technical conditions prevail for BOSCH. Major weakness below 17001. Intermonth Strategy: Sell between 17650-17750 zone, targeting 17001 and then at 15001-15251 zone. Stop above 18901.

Bajaj Finserve: Bright times ahead.

BAJAJ FINSERVE

HDFC

JUBILANT FOODS

JSW STEEL

BOSCH

6261 6173 6075 6325 6505 Positive

1962.7 1927 1905 1987 2009 Positive

1424.6 1405 1383 1451 1503 Positive

317.15 311 305 329 351 Positive

17446 17001 15001 18101 18901 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: Dalal Street turned higher in yesterday’s trade, a day after the Trump administration

announced $200 billion in new tariffs against Chinese goods. The positive takeaway from

yesterday’s trade was that Sensex ended at record high; while Nifty closed above the crucial

11,000 mark. The positive catalyst: As per media reports, the U.S. and Chinese officials are open for resuming

high-level trade talks, which could end with a bilateral solution to the trade dispute. Interestingly, despite Sensex scaling fresh record highs, the market breadth, indicating the

overall health of the market, was negative. The BSE Mid-Cap index fell 0.52%. The BSE Small-

Cap index fell 0.06%. Both these indices underperformed the Sensex.

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

1.60%), the BSE Bankex Index (up 0.92%), the BSE Capital Goods index (up 0.69%).

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

1.14%), BSE Auto Index (down 0.77%), BSE Teck Index (down 0.67%).

Amongst stock specific action, positive bias was seen in stocks like Reliance (up 4.05%), BPCL

(up 2.89%), Bajaj Finance (up 2.62%).

Among stocks drifting down were: UPL (down 4.21%), VEDL (down 2.87%), Bajaj Auto (down

2.04%).

Meanwhile, judging by yesterday’s trading action; the bias for Nifty is positive, with targets on

Nifty are at its all-time-high at 11,185.60 mark; though much will depend on the eventual

resolution of the U.S-China conflict.

Maximum Call Open Interest (OI) again stands at 11000 Strike Price, followed by 11100 Strike

Price. Call Buying continued at Strike Prices 11050 to 11250.

Maximum Put OI contracts were seen at strike price 10,600 followed by 10,700 strike price.

Writing was seen in Puts between strikes prices 10700-11000.

As per Thursday’s provisional data available on the NSE, Foreign institutional investors (FIIs)

sold shares worth Rs.742.63 crore in this week. Domestic institutional investors bought shares

worth Rs 366.40 crore in the Indian equity market.

Highest OI Nifty: Calls 11000: 38.30 L - Puts 10600: 51.71 L

Highest OI Bank Nifty: Calls 27500: 7.30 L - Puts 26000: 9.36 L

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

Long Buildup: RELIANCE, ARVIND, MARICO, BAJFIN, HCLTECH.

Short Buildup: FEDERAL BANK, NCC, NALCO, PFC, VEDL, REC.

Short Covering: JSW STEEL, L&T, APOLLO TYRE, GRANULES, NTPC.

Long Unwinding: EXIDE, TORNTPHAR, DALMIAB, MARUTI.

Stocks banned in F&O segment for today: JET AIRWAYS.

New In Ban: JET AIRWAYS.

Out of Ban: IDBI.

Future Call: BUY ARVIND JULY FUTURES at CMP 418.50. Targets:

431 and then at 450. Stop: 412. Holding Period: 0-3 days. Analyst’s

Remark: Momentum Play. (Arvind July Futures CMP 418.50).

Option Call: Buy VEDL JULY CE STRIKE PRICE 230 at CMP 2.20.

Profit: Unlimited. Maximum Loss Per Lot: Rs. 3850. Stop: Hold Call

Option till expiry. (Vedanta July Futures CMP 212.95).

11023.20 (+0.68%)

27026.55 (+0.78%)

12.5050 (-2.11%)

-07 vs -10

2.55 crores (+5.03%)

24.74 lakhs (+3.94%)

2829.38 2836.45

30463.8 30291.4

1706179 790508

235605 21970

833773 58961

14949050 1561548

810457 63700

16828885 1706179

Calls in lakhs (%Change)

11000 38.3 (-11%)

11100 30.25 (+22%)

11200 24.43 (+35%)

Puts in lakhs (% Change)

11000 27.88 (+150%)

10900 35.97 (+28%)

10800 46.22 (-2%)

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 11023.2 10989.13 10955.07 11067.78 11112.37 11033.72 10472.43 UP

BANKNIFTY 27026.55 26920.13 26813.72 27148.88 27271.22 27042.47 25507.01 UP

NIFTYMID50 4930.8 4898.77 4866.73 4983.97 5037.13 4951.93 5141.67 DOWN

ACC 1350 1332.07 1314.13 1377.87 1405.73 1359.93 1599.55 DOWN

ADANIENT 124.3 121.57 118.83 126.77 129.23 124.03 151.13 DOWN

ADANIPORTS 369.35 366.73 364.12 373.83 378.32 371.22 395.92 DOWN

AJANTPHARM 1018.65 984.45 950.25 1058.9 1099.15 1024.7 1271.37 DOWN

ALBK 42 41.28 40.57 42.98 43.97 42.27 59.11 DOWN

AMARAJABAT 831.7 819.87 808.03 842.77 853.83 830.93 789.82 UP

ANDHRABANK 31.55 30.98 30.42 32.28 33.02 31.72 48.65 DOWN

APOLLOTYRE 265.75 263.2 260.65 270.15 274.55 267.6 263.62 UP

ARVIND 417.1 408.77 400.43 422.12 427.13 413.78 412.36 UP

ASHOKLEY 133.95 132.67 131.38 136.17 138.38 134.88 133.7 UP

ASIANPAINT 1357.9 1342.93 1327.97 1375.93 1393.97 1360.97 1186.06 UP

AUROPHARMA 606.2 601.27 596.33 614.07 621.93 609.13 644.1 DOWN

AXISBANK 538.35 533.87 529.38 544.27 550.18 539.78 534.11 UP

BAJAJ-AUTO 3096.7 3046.15 2995.6 3171.1 3245.5 3120.55 3048.53 UP

BAJAJFINSV 6261.3 6157.57 6053.83 6327.52 6393.73 6223.78 5326.62 UP

BAJFINANCE 2415 2373.9 2332.8 2442.55 2470.1 2401.45 1867.1 UP

BALKRISIND 1220.6 1195.23 1169.87 1259.08 1297.57 1233.72 1096.29 UP

BALRAMCHIN 69.2 65.47 61.73 71.37 73.53 67.63 112.2 DOWN

BANKBARODA 119.45 117.72 115.98 120.67 121.88 118.93 148.76 DOWN

BANKINDIA 84.85 83.55 82.25 87.1 89.35 85.8 135.31 DOWN

BATAINDIA 835.55 829.7 823.85 844.2 852.85 838.35 756.82 UP

BEL 106 103.82 101.63 109.47 112.93 107.28 152.73 DOWN

BEML 819.15 805.42 791.68 842.72 866.28 828.98 1305.34 DOWN

BERGEPAINT 304.7 300.28 295.87 310.68 316.67 306.27 263.98 UP

BHARATFIN 1176.55 1169.95 1163.35 1185.3 1194.05 1178.7 1061.49 UP

BHARATFORG 621 612.08 603.17 634.83 648.67 625.92 698.92 DOWN

BHARTIARTL 362.15 360 357.85 364.65 367.15 362.5 435.17 DOWN

BHEL 69.25 68.08 66.92 71.08 72.92 69.92 87.32 DOWN

BIOCON 611.5 603.77 596.03 624.62 637.73 616.88 548.37 UP

BPCL 377.35 373.6 369.85 383.55 389.75 379.8 454.36 DOWN

BRITANNIA 6405.65 6341.53 6277.42 6450.48 6495.32 6386.37 5068.45 UP

CANBK 241.95 236.37 230.78 248.82 255.68 243.23 309.53 DOWN

CANFINHOME 332.55 327.8 323.05 340.65 348.75 335.9 453.56 DOWN

CAPF 518.1 511.6 505.1 526.3 534.5 519.8 662.79 DOWN

CASTROLIND 160.8 158.25 155.7 163.8 166.8 161.25 189.69 DOWN

CEATLTD 1287.9 1272.63 1257.37 1314.03 1340.17 1298.77 1618.17 DOWN

CENTURYTEX 900.4 885.52 870.63 925.97 951.53 911.08 1206.64 DOWN

CESC 898.4 882.73 867.07 922.53 946.67 906.87 1012.81 DOWN

CGPOWER 59.05 57.75 56.45 60.45 61.85 59.15 79.53 DOWN

CHENNPETRO 288.85 284.53 280.22 295.98 303.12 291.67 370.7 DOWN

CHOLAFIN 1567.1 1533.43 1499.77 1609.88 1652.67 1576.22 1393.7 UP

CIPLA 633.35 625.13 616.92 639.13 644.92 630.92 590.72 UP

COLPAL 1150.65 1144.82 1138.98 1160.42 1170.18 1154.58 1105.19 UP

CONCOR 635.5 625.33 615.17 652.28 669.07 642.12 663.98 DOWN

CUMMINSIND 656.05 649.53 643.02 666.88 677.72 660.37 809.1 DOWN

DABUR 378.1 375.12 372.13 381.92 385.73 378.93 349.25 UP

DALMIABHA 2325.5 2294.03 2262.57 2364.98 2404.47 2333.52 2837.06 DOWN

DCBBANK 182.6 178.9 175.2 186.4 190.2 182.7 180.57 UP

DHFL 616.2 610.13 604.07 620.63 625.07 614.57 587.25 UP

DISHTV 73 72.23 71.47 73.58 74.17 72.82 74.87 DOWN

DIVISLAB 1106.35 1092.6 1078.85 1129.9 1153.45 1116.15 1053.21 UP

DLF 189.45 186.22 182.98 193.72 197.98 190.48 214.57 DOWN

DRREDDY 2357.25 2326.72 2296.18 2387.72 2418.18 2357.18 2239.71 UP

EICHERMOT 27995.35 27793.57 27591.78 28323.57 28651.78 28121.78 29481.35 DOWN

ENGINERSIN 129.55 127.62 125.68 132.37 135.18 130.43 162.94 DOWN

EQUITAS 141.05 139.12 137.18 143.42 145.78 141.48 148.78 DOWN

ESCORTS 895.85 881.93 868.02 908.38 920.92 894.47 821.14 UP

EXIDEIND 266.65 263.85 261.05 271.75 276.85 268.95 225.97 UP

FEDERALBNK 79.9 78.43 76.97 82.43 84.97 80.97 100.08 DOWN

FORTIS 142.2 139.87 137.53 144.17 146.13 141.83 145.19 DOWN

GAIL 356.6 352.82 349.03 361.07 365.53 357.28 342.86 UP

GLENMARK 570.35 561.5 552.65 582.9 595.45 574.05 571.14 DOWN

GMRINFRA 18 17.15 16.3 18.8 19.6 17.95 18.35 DOWN

GODREJCP 1317.5 1304.4 1291.3 1333.25 1349 1320.15 1053.43 UP

GODREJIND 593.35 584.73 576.12 604.88 616.42 596.27 582.75 UP

GRANULES 92.15 90.27 88.38 94.57 96.98 92.68 114.06 DOWN

GRASIM 960.2 949.13 938.07 978.13 996.07 967.07 1118.23 DOWN

GSFC 109.95 107.98 106.02 112.68 115.42 110.72 131.96 DOWN

HAVELLS 561.5 553.82 546.13 571.37 581.23 563.68 528.93 UP

HCC 11.8 11.53 11.27 12.28 12.77 12.02 29.19 DOWN

HCLTECH 1006.05 998.77 991.48 1016.57 1027.08 1009.28 923.37 UP

HDFC 1962.7 1938.5 1914.3 1983.4 2004.1 1959.2 1801.73 UP

HDFCBANK 2165.95 2152.02 2138.08 2179.87 2193.78 2165.93 1915.92 UP

HDIL 19.95 19.62 19.28 20.27 20.58 19.93 45.8 DOWN

HEROMOTOCO 3498.85 3465.23 3431.62 3551.23 3603.62 3517.62 3640.42 DOWN

HEXAWARE 494.75 482.23 469.72 508.38 522.02 495.87 370.18 UP

HINDALCO 220.3 218 215.7 224.25 228.2 221.95 244.23 DOWN

HINDPETRO 269.3 264.27 259.23 278.17 287.03 273.13 373.01 DOWN

HINDUNILVR 1742.35 1723.93 1705.52 1755.08 1767.82 1736.67 1390.63 UP

HINDZINC 274.75 271.73 268.72 277.73 280.72 274.72 305.42 DOWN

IBREALEST 155.75 152.93 150.12 159.68 163.62 156.87 203.66 DOWN

IBULHSGFIN 1143.6 1134.77 1125.93 1158.72 1173.83 1149.88 1235.71 DOWN

ICICIBANK 272.3 269.67 267.03 274.32 276.33 271.68 300.3 DOWN

ICICIPRULI 361.95 357.95 353.95 368.1 374.25 364.1 398.69 DOWN

IDBI 56.15 54.47 52.78 58.42 60.68 56.73 62.91 DOWN

IDEA 54.35 53.62 52.88 55.22 56.08 54.48 80.54 DOWN

IDFC 46 45.18 44.37 46.58 47.17 45.77 55.65 DOWN

IDFCBANK 39.2 38.77 38.33 39.82 40.43 39.38 50.9 DOWN

IFCI 15.75 15.4 15.05 16.25 16.75 15.9 22.3 DOWN

IGL 262.3 260.15 258 265.2 268.1 263.05 295.53 DOWN

INDIACEM 112.25 109.25 106.25 115.55 118.85 112.55 155.94 DOWN

INDIANB 347.6 342.93 338.27 353.78 359.97 349.12 337.53 UP

INDIGO 1124.3 1093.22 1062.13 1146.22 1168.13 1115.13 1218.58 DOWN

INDUSINDBK 1938.15 1923.23 1908.32 1953.03 1967.92 1938.12 1762.45 UP

INFIBEAM 156.3 153.38 150.47 158.43 160.57 155.52 155.9 UP

INFRATEL 314.05 308.8 303.55 318.15 322.25 312.9 352.19 DOWN

INFY 1294.35 1276.83 1259.32 1319.48 1344.62 1301.97 1104.44 UP

IOC 156.85 154.07 151.28 161.82 166.78 159.03 185.31 DOWN

ITC 277.2 274.28 271.37 279.13 281.07 276.22 267.08 UP

JETAIRWAYS 344.65 338.53 332.42 354.83 365.02 348.72 603.29 DOWN

JINDALSTEL 218.9 215.23 211.57 225.03 231.17 221.37 216.58 UP

JISLJALEQS 83.6 81.63 79.67 86.28 88.97 84.32 109.85 DOWN

JPASSOCIAT 16.2 15.83 15.47 16.78 17.37 16.42 18.4 DOWN

JSWENERGY 67.85 66.33 64.82 69.83 71.82 68.32 79.51 DOWN

JSWSTEEL 317.1 312.97 308.83 320.97 324.83 316.83 291.69 UP

JUBLFOOD 1424.6 1411.42 1398.23 1441.37 1458.13 1428.18 1051.45 UP

JUSTDIAL 585.45 578.85 572.25 593.3 601.15 586.7 487.98 UP

KOTAKBANK 1389.8 1381.17 1372.53 1399.47 1409.13 1390.83 1120.35 UP

KPIT 299.65 293.3 286.95 303.8 307.95 297.45 208.82 UP

KSCL 556.05 547.67 539.28 563.52 570.98 555.13 524.37 UP

KTKBANK 124.1 119.1 114.1 128.2 132.3 123.2 136.11 DOWN

L&TFH 152.75 150.23 147.72 156.93 161.12 154.42 172.98 DOWN

LICHSGFIN 498.1 493 487.9 506.35 514.6 501.25 546.89 DOWN

LT 1299.75 1281.67 1263.58 1311.17 1322.58 1293.08 1287.73 UP

LUPIN 884.5 875.33 866.17 900.03 915.57 890.87 859.35 UP

M&M 915.8 906.87 897.93 927.87 939.93 918.93 771.06 UP

M&MFIN 479.1 473.93 468.77 485.63 492.17 480.47 459.68 UP

MANAPPURAM 102.95 101.02 99.08 106.37 109.78 104.43 108.52 DOWN

MARICO 350.9 344.33 337.77 355.83 360.77 349.27 317.39 UP

MARUTI 9347 9278.83 9210.67 9461.58 9576.17 9393.42 8801.16 UP

MCDOWELL-N 602.85 593.93 585.02 618.83 634.82 609.92 645.54 DOWN

MCX 803.8 791.55 779.3 818.05 832.3 805.8 857.8 DOWN

MGL 818.7 812.53 806.37 825.38 832.07 819.22 1004.24 DOWN

MOTHERSUMI 289.9 284.42 278.93 297.07 304.23 291.58 341.46 DOWN

MRF 77611.2 76618.02 75624.84 78391.38 79171.54 77398.19 71282.77 UP

MRPL 80.45 78.43 76.42 82.03 83.62 80.02 114.69 DOWN

MUTHOOTFIN 404.1 398.1 392.1 412 419.9 406 430.84 DOWN

NATIONALUM 60.55 59.32 58.08 62.02 63.48 60.78 75.91 DOWN

NBCC 67.55 66.27 64.98 69.47 71.38 68.18 107.95 DOWN

NCC 97.05 95.25 93.45 100.1 103.15 98.3 115.25 DOWN

NMDC 102.3 101.48 100.67 103.63 104.97 102.82 125.24 DOWN

NTPC 154.05 152.77 151.48 155.02 155.98 153.73 170.18 DOWN

OFSS 3884.05 3852.8 3821.55 3927.2 3970.35 3895.95 3906.86 DOWN

OIL 210.05 207.4 204.75 213.65 217.25 211 231.46 DOWN

ONGC 158.95 155.73 152.52 161.18 163.42 157.97 180.92 DOWN

ORIENTBANK 73.15 71.95 70.75 74.85 76.55 73.65 105.36 DOWN

PCJEWELLER 121.6 117.22 112.83 128.27 134.93 123.88 324.74 DOWN

PEL 2496.1 2465.07 2434.03 2522.07 2548.03 2491.03 2616.96 DOWN

PETRONET 216.75 213.95 211.15 221.25 225.75 218.45 238.1 DOWN

PFC 73.35 72.4 71.45 75.05 76.75 74.1 104.54 DOWN

PIDILITIND 1084.9 1074.77 1064.63 1101.27 1117.63 1091.13 936.02 UP

PNB 76.1 75.33 74.57 77.28 78.47 76.52 129.87 DOWN

POWERGRID 182.6 181.6 180.6 183.6 184.6 182.6 201.17 DOWN

PTC 73.55 72.25 70.95 75.3 77.05 74 102.01 DOWN

PVR 1396.1 1384.52 1372.93 1410.27 1424.43 1398.68 1359.61 UP

RAMCOCEM 669.4 663.27 657.13 674.77 680.13 668.63 747.07 DOWN

RAYMOND 899.55 889.2 878.85 914.2 928.85 903.85 976.47 DOWN

RBLBANK 575.7 569.25 562.8 585.5 595.3 579.05 512.43 UP

RCOM 13.5 13.25 13 13.85 14.2 13.6 19.63 DOWN

RECLTD 100.4 99.47 98.53 101.92 103.43 100.98 139.26 DOWN

RELCAPITAL 374 367.2 360.4 385.4 396.8 378.6 467.08 DOWN

RELIANCE 1082.35 1050.3 1018.25 1106.7 1131.05 1074.65 930.06 UP

RELINFRA 387.25 378.68 370.12 401.13 415.02 392.57 455.84 DOWN

REPCOHOME 583.05 573.83 564.62 598.03 613.02 588.82 606.82 DOWN

RPOWER 32.1 31.53 30.97 33.03 33.97 32.47 39.99 DOWN

SAIL 74.65 72.82 70.98 77.82 80.98 75.98 78.75 DOWN

SBIN 262.75 261.1 259.45 264.45 266.15 262.8 279.29 DOWN

SHREECEM 17122.5 16952.95 16783.4 17249.5 17376.5 17079.95 17264.54 DOWN

SIEMENS 983.05 968.57 954.08 1007.77 1032.48 993.28 1151.16 DOWN

SOUTHBANK 22.2 21.52 20.83 23.32 24.43 22.63 27.78 DOWN

SREINFRA 62 60.92 59.83 63.47 64.93 62.38 89.51 DOWN

SRF 1678.8 1646.9 1615 1719.8 1760.8 1687.9 1875.67 DOWN

SRTRANSFIN 1213.45 1200.63 1187.82 1231.63 1249.82 1218.82 1369.52 DOWN

STAR 368.8 360.93 353.07 381.83 394.87 373.97 678.27 DOWN

SUNPHARMA 564.45 558.07 551.68 570.77 577.08 564.38 533.53 UP

SUNTV 787.8 777.13 766.47 805.48 823.17 794.82 896.94 DOWN

SUZLON 7.5 7.33 7.17 7.68 7.87 7.52 12.47 DOWN

SYNDIBANK 40.25 39.57 38.88 41.17 42.08 40.48 65.05 DOWN

TATACHEM 713.75 708.6 703.45 717.55 721.35 712.4 718.17 DOWN

TATACOMM 610.05 596.87 583.68 619.12 628.18 605.93 647.53 DOWN

TATAELXSI 1429.25 1413.93 1398.62 1446.73 1464.22 1431.42 1046.13 UP

TATAGLOBAL 265.2 262.22 259.23 270.32 275.43 267.33 268.09 DOWN

TATAMOTORS 266.1 263.73 261.37 270.23 274.37 267.87 369.12 DOWN

TATAMTRDVR 151.9 150.45 149 154.55 157.2 153.1 210.34 DOWN

TATAPOWER 69.5 68.63 67.77 71.03 72.57 70.17 84.49 DOWN

TATASTEEL 555.2 549.6 544 564.35 573.5 558.75 635.96 DOWN

TCS 1971.35 1957.6 1943.85 1988 2004.65 1974.25 1509.68 UP

TECHM 647.7 640.47 633.23 659.47 671.23 652.23 584.26 UP

TITAN 808.45 800.55 792.65 819.8 831.15 811.9 836.18 DOWN

TV18BRDCST 47.6 46.6 45.6 49.3 51 48.3 55.52 DOWN

TVSMOTOR 578.5 571.45 564.4 589.1 599.7 582.05 664.97 DOWN

UBL 1183.65 1166.28 1148.92 1201.48 1219.32 1184.12 1075.81 UP

UJJIVAN 382.8 377.28 371.77 392.03 401.27 386.52 375.51 UP

ULTRACEMCO 3946.95 3907.33 3867.72 4018.28 4089.62 3978.67 4082.72 DOWN

UNIONBANK 78.45 77.35 76.25 79.95 81.45 78.85 119.75 DOWN

VEDL 211.4 207.93 204.47 217.93 224.47 214.47 297.91 DOWN

VGUARD 199.25 196.08 192.92 203.83 208.42 200.67 222.78 DOWN

VOLTAS 546.3 539.17 532.03 553.22 560.13 546.08 589.31 DOWN

WIPRO 279.45 272.37 265.28 284.02 288.58 276.93 287.53 DOWN

WOCKPHARMA 628.7 618.87 609.03 640.27 651.83 630.43 740.93 DOWN

YESBANK 374.8 369.87 364.93 382.37 389.93 377.43 329.56 UP

ZEEL 533.6 530.05 526.5 539.85 546.1 536.3 563.86 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



In yesterday's trade, MCX Gold was seen drifting. Bias continues to be neutral. Confirmation of strength above 30901. Interweek Strategy: Establish long positions above 30701, targeting 31101 zone and then at 31501-31751 zone with stop at 30.101.

Silver prices too were seen drifting with slight negative bias. Buying advised only above 40445. Establish long positions above 39951 zone, targeting 41001 and then at 41501-41751 zone with stop at 38901.

Bias on crude-oil continues to be neutral/decline. Downside risk now seen towards 4627. Interweek strategy: Sell between 4925-4950 zone, targeting 4627 zone and then at 4501-4545 zone with stop at 5173.

Copper prices were seen drifting in yesterday's trade. Support now seen at 401. Confirmation of strength only above 451. Interweek strategy: Establish sell positions on strength between 431-433 zone, targeting 411 and then at 401-405 zone with stop at 451.

Natural Gas prices were seen consolidating in yesterday's trade. Key supports now at 185. Interweek strategy: Establish long positions above 205, targeting 211 and then aggressive targets at 217-223 zone with stop at 185.

USD/INR was seen consolidating in Wednesday's trade. Key interweek support seen at 67.45. Hurdles now seen at 69.11. Interweek Strategy: Buy between 68.21-68.30 zone, targeting 69.11 and then aggressive targets at 70-70.05 zone with stop below 67.45.

30156 30251 30001 30701 31750 Neutral

39355 39001 38641 39951 41751 Neutral

4744 4627 4501 4951 5173 Neutral

423 411 401 433 451 Neutral

191.90 185.00 179.00 205.00 225.00 Neutral

68.56 68.21 67.45 69.11 70.05 Neutral

USD/INR: Positive bias. Aggressive targets seen at 70.05. Buying on corrective declines should be the preferred strategy.

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 rebounds as tech-fueled rally overshadows trade jitters.

In yesterday's trade, gold prices slipped amidst profit booking. Confirmation of strength only above 1268. Interweek strategy: Establish long positions only above 1268, targeting 1275 zone and then at 1291-1297 zone with stop at 1245.

Silver prices were seen drifting in yesterday's trade, tracking weakness in gold prices. Confirmation of strength only above 16.45. Interweek strategy: Establish long positions only above 16.45 zone, targeting 17.05 and then at 17.95-18.01 zone with stop at 15.05.

Crude-Oil prices tanked in yesterday's trade. Major hurdles now seen at 75.05 zone. Interweek strategy: Sell between 72-73 zone, targeting 67.50-68 zone and then at 65-66 zone with stop at 75.05.

The EUR/USD was seen drifting in yesterday's trade. Technically, the bias continues to be neutral with key support to watch on EUR/USD at 1.1505. Hurdles seen at 1.1901.

The U.S. dollar rose in yesterday's trade amidst value buying. Technically, bias shifts to neutral/positive. Hurdles at 97.50. Downside well supported at 92.50. Major weakness now below 92.50. Upside targets now at 99.

The Dow Jones Industrial Average rose in yesterday's session on upbeat economic reports and signs that the U.S. and China, the two biggest economies in the world, are open to resolving their differences has helped to refresh buying appetite.

1247 1239 1225 1268 1297 Neutral

15.87 15.75 15.05 16.45 18.01 Neutral

69.5 67.45 65 72.5 75.05 Neutral

1.1686 1.1505 1.4445 1.1901 1.2205 Neutral

94.73 92.50 89.25 97.50 99.00 Positive

24891 23405 22501 25505 26125 Neutral


DAILY PIVOT TABLE



CommodityExchange Close S1 S2 R1 R2200 Day

SMA Reversal

Point Trend

MCX ALUMINUM

MCX CARDAMOM

NCDEX CASTOR

NCDEX CHANA

MCX COPPER

MCX COTTON

MCX CRUDE-OIL

MCX GOLD

NCDEX GAUR GUM

NCDEX GAUR SEED

NCDEX JEERA

MCX LEAD

MCX MENTHA OIL

MCX NATURAL GAS

MCX NICKLE

NCDEX RM SEED

MCX SILVER

NCDEX SUGAR

NCDEX SOYA BEAN

MCX ZINC

141.95 141.03 140.12 143.18 144.42 142.72 146.85 DOWN

1049.6 1040.33 1031.07 1059.43 1069.27 1031.32 1047.75 UP

4501 4447 4393 4530 4559 4236.12 4289 UP

3807 3767 3727 3837 3867 4086.28 3617 UP

420.15 414.63 409.12 427.83 435.52 451.32 449.15 DOWN

22710 22570 22430 22790 22870 20246.4 22290 UP

4900 4824 4748 5030 5160 4103.98 4888.5 UP

30310 30229 30148 30453 30596 30157.41 30810.5 DOWN

8700 8421.33 8142.67 8839.33 8978.67 8576.12 8003 UP

4066.5 3965.17 3863.83 4127.67 4188.83 3965.32 3823 UP

18350 18168.33 17986.67 18498.33 18646.67 17707.17 17550 UP

151.3 148.23 145.17 156.23 161.17 161.31 168.95 DOWN

1520.5 1486.17 1451.83 1537.67 1554.83 1422.22 1348.75 UP

195.1 192.87 190.63 196.27 197.43 188.14 202 DOWN

958.6 939.2 919.8 973.1 987.6 865.36 1005.8 DOWN

4092 4080.67 4069.33 4104.67 4117.33 3964.29 4034 UP

39290 39084.34 38878.67 39622.34 39954.67 39134.45 39002.5 UP

2709 2709 2709 2709 2709 3619.22 2651 UP

3546 3495.67 3445.33 3585.67 3625.33 3382.45 3449 UP

177.1 173.7 170.3 180.4 183.7 211.32 196.33 DOWN



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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