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Welcome Note

Tuesday19th June, 2018

Stock Of The Day: (F & O)

Forecast and Analysis

CONTENTS



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 19th June

2018.

This Tuesday morning, SGX Nifty is seen drowning in a sea of worry and you can blame the

negativity to trade-war fears which continue to dog Dalal Street.

So, as we all know, the U.S. has made good on plans to impose tariffs on $50 billion dollars

of Chinese goods. And as expected, China has retaliated with a matching amount of tariffs

on U.S. goods, and now concerns are percolating that the back and forth will lead to an all-

out trade war.

The bulls’ camp will hope that the current trade skirmish with China does not escalate into

a full-blown trade war, as that will eventually lead to negative impact on overall corporate

earnings growth.

Weighing on sentiments this morning are reports that Angela Merkel’s tenure as German

Chancellor is also under threat.

Amidst this backdrop, overnight at Wall Street the Dow Jones Industrial Average registered

its fifth straight decline falling 103 points, or 0.41%, to 24,987.

What Technical Tells Us on Nifty: In Monday’s trade, the benchmark Nifty traded volatile in

a range bound environment. Nifty fell 17.85 points to settle at 10,799.85.The market

breadth, indicating the overall health of the market, was weak. Interestingly, the BSE Mid-

Cap index fell 0.18%, outperforming the Sensex. The BSE Small-Cap index fell 0.77%,

underperforming the Sensex.

Technically speaking, Nifty is likely to consolidate in near term. In today’s session, Nifty

may most likely trade lackluster with investors likely to struggle for direction. The make or

break intraday support levels on Nifty are at 10,707 mark. Aggressive buying advised only

above Nifty 10901 mark.

The technical landscape will worsen only if Nifty slips below the 10327 mark as that would

open the door to massive technical selling, possibly quickly to the 10000-10050 zone.

The price action for Nifty is suggesting that we arelo likely to see a 10,550-11100 range in

near term with positive bias. Hence, establishing ng positions on any sizeable corrective

declines with strict stop below 10501 should be the preferred trading strategy for the day.

Outlook for Tuesday: Nifty likely to trade with negative bias.

Judging by early trends at SGX Nifty, it appears that it will be a relatively muted session for

our stock markets. Investors’ would prefer to stay sidelines, have a wait and watch

approach ahead of renewed trade worries. Now, before we get into detail; let’s look at

major instruments.

7 AM GLOBAL UPDATE: DOW (-103, 24987) NASDAQ (+1, 7747) SGX NIFTY (-39,

10752) OIL (+1.20, $65.67) GOLD (+1, $1283)

Our call of the day says the benchmark Nifty may consolidate after a negative open. Any

corrective declines should be well supported at 10,707-10715 zone. Aggressive buying

recommended only above Nifty 10,901 mark.

Commodity Cues:

In commodities, Crude -oil prices were seen consolidating in Monday’s trade after China

threatened duties on American crude imports in a trade dispute with Washington, while

supply from OPEC and Russia was also expected to rise.

All anxious eyes now turn to OPEC’s next meeting on June 22 in Vienna.

10800 -0.17%

26409 -0.03%

11203 0.27%

28711 -0.22%

3196 -0.38%

14024 -0.69%

3171 -0.25%

5013 -0.27%

3480 -1.74%

9319 0.03%

287 -0.38%

7567 -0.82%

35548 -0.21%

10745 -0.44%

Volatile session likely.

Neutral (10761-10891)

Positive (10301-11001)

Neutral (11301)

10711 & 10601

10911 & 11001

10327



Technical Strategy


• Gold prices continued to consolidate at the lowest level of the year, on backdrop of

the benchmark U.S. dollar index touching an 11-month peak, weighing on assets

pegged to the monetary unit.

Currencies & Bonds:

• In the fixed income, the Treasury yield curve was seen flattening as the yield on 10-

year U.S. Treasury notes inched slightly to 2.98 percent.

• Euro was consolidating after the European Central Bank announced that it would

look to finish its bond-buying program by year-end but also pledged to leave

interest rates unchanged until mid-2019.

• In yesterday’s trade, the US Dollar index continued to trade near the best level since

last 11-months.

• In yesterday’s trade, the USD/INR was seen consolidating. Bias continues to be

positive.

Macro Watch:

• India's foreign exchange reserves increased by $879.5 million to $413.109 billion in

the week to June 8, helped by rise in foreign currency assets, the Reserve Bank data

showed today.

• GST council could discus including petroleum products.Council next meeting could

discuss oil products - says Finance Minster.

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

year. The Fed has signaled that it will continue to gradually increase rates in

response to higher inflation and strength in the U.S. labor market. Officials have

also set in motion a plan to reduce the Fed’s bond holdings, as the central bank

moves away from accommodative policies employed during and after the 2008

financial crisis.

The Federal Reserve has signaled that the U.S economic growth outlook warranted

a more aggressive rate-hike path than investors had anticipated.

IPO Watch:

• State-owned Rail India Technical and Economic Services (RITES) is all set to launch

its Rs 466-crore IPO on Wednesday, which will be the first divestment exercise of

the current fiscal by the government.

With RITES’s offer, the government intends to divest 12.6 per cent of the stake in

the company.

Stocks To Watch:

• Our chart of the day suggests establishing long positions on any sharp corrective

declines in stocks like TATA MOTORS, TECH MAHINDRA, and BHARAT

FINANCIAL.

• Bullish stocks: TECH MAHINDRA, RELIANCE (RIL), BHARAT FINANCIAL,

INDUSIND BANK, CAPITAL FIRST, JUBILANT FOODS, MARICO, MCDOWELL, JSW

STEEL, M&M, MARUTI, TATA MOTORS.

• Bearish stocks: BOSCH, LIC HOUSING FINANCE, WOCKHARDT, MANAPURAM,

MOTHERSON SUMI, INDIA CEMENTS, STAR, SUZLON, BANK OF INDIA, OBC, SBI,

APOLLO TYRES, MRF, BANK OF BARODA, WIPRO.

Show Me the Money: Sell MOTHERSON SUMI (CMP 302.30):The

interweek/intermonth bias is on the downside as long as 321 resistance is held. 07-

TECH MAHINDRA

Action

Target

Support

Resistance

Holding Period

710.55

BUY

745

685/661

722/755

21 Days.

In yesterday’s trade, Tech Mahindra’s stock price

was seen consolidating, up 0.47%.

Technically, Tech Mahindra 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 above its all-time-high at 730 zone. The

recent sequence of higher high/low is intact on

intraday and daily charts time frame.

The momentum oscillators are likely to shift on

buy side only on any move above 730 zone and

such up move needs to be backed by increases in

volumes.

Key support to watch in near term is at 685 zone.

Medium term supports seen at 666 zone.

Establish long positions at CMP, targeting 730 and

then aggressive targets located at 745-755 zone.

Stop 685.



‘30,000 feet

view’: The big

picture of

Dalal Street


Interweek Strategy: Establish short positions between 307-311 zone, targeting 305

and then aggressive targets located at 289-292 zone. Stop above 321.45.

• NMDC, Karnataka steelmakers clash over iron ore rates.

• The board of directors of ICICI BANK has appointed Sandeep Bakhshi as its

Wholetime Director and Chief Operating Officer (COO) designate. Bakhshi's

appointment as COO will be for a period of five years, subject to regulatory

approvals, and his tenure will start on June 19, the bank said in a disclosure to

exchanges.

• Government aims to raise about Rs60bn via tranche of Bharat 22 ETF, Bharat 22 ETF

tranche to open June 19-22.

• Lupin gets USFDA approval for generic contraceptive drug.

• Cabinet clears HDFC Bank's proposal to raise Rs 24,000 crore via FDI.

• Stocks banned in F&O segment for today: DHFL, INFIBEAM, JET AIRWAYS,

JUST DIAL.

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

For the day, on improving technical conditions buying on any sharp corrective weakness

should be the preferred trading strategy.

Preferred trade on Nifty: Nifty (10800): Buy on any early declines between 10725-

10745 zone, targeting 10901 and then at 10951-11000 zone with stop at 10571.

Preferred trade on Bank Nifty: Bank Nifty (26409): Buy between 26500-26550 zone,

targeting 26750 zone and then at 27101-27251 zone with strict stop at 26101.

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 intraday/interweek bias is on the downside as long as 18627 resistance is held. Intraday Strategy: Establish short positions at CMP, targeting 17751 and then aggressive targets located at 17001-17101 zone. Stop above 18627.

Key intraday hurdles seen at 933. Intraday Strategy: Sell between 916-921 zone, targeting 901 and then at 875-881 zone. Stop above 933.

Momentum oscillators in sell mode. Key hurdles at 759. Interweek Strategy: Sell between 733-737 zone, targeting 721 zone and then at 705-709 zone with stop above 751.

The stock is signaling a major breakout from a higher consolidation on daily charts. Intraday Strategy: Establish long positions between 1175-1177 zone, targeting 1201 and then aggressive targets located at 1217-1221 zone. Stop above 1161.

Tata Motors is signaling a major rebound from an oversold zone on the daily charts. Key support seen at 293.50-295 zone. Key hurdles seen at 316. Interweek Strategy: Buy between 302-305 zone, targeting 316 and then at 325-327.50 zone. Stop below 293.

TATA MOTORS: The bull's are running late, but it's worth the wait.

BOSCH

ESCORTS

TATA CHEMICALS

BHARAT FINANCIAL

TATA MOTORS

17967 17751 17101 18311 18627 Negative

912.55 901 875 921 933 Negative

732.4 721 705 751 759 Negative

1184.05 1175 1161 1195 1221 Positive

308.8 302 293.5 316 325 Positive



EQUITY DERIVATIVESLooking into the future from present.

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

Nifty Spot

Bank Nifty Future

VIX

Premium

Nifty Future OI

Bank Nifty Spot OI

BSE Cash Vol. (Rs. in Cr)

NSE Cash Vol.(Rs. in Cr)

NSE Derivative Vol. (Rs. in Cr)

Index Future Volumes

Stock Future Volumes

Index Option Volumes

Stock Option Volumes

Total

Cash Volumes (INR in Cr.)

YesterdayDay Before Yesterday

Derivatives Vol.(INR in Cr.)

No of contracts

Turnover (Rs. In cr.)

Major Changes in Nifty Options (OI)


Market Summary:

Dalal Street mostly lost ground in yesterday’s session amidst U.S-China trade-war fears

which were seen as key negative catalyst. Weighing on sentiments was also Angela

Merkel’s tenure as German Chancellor which came under threat.

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

Broad Indices, the BSE Midcap Index was down by 0.23%. The BSE Small Cap Index was

even more down by 0.76%. Hence, both the indices underperformed the Sensex.

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

(up 1.25%), BSE Auto Index (up 0.33%), BSE PSU Index (up 0.25%).

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

(down 1.72%), BSE IT Index (down -0.80%), BSE TECK Index (down -0.73%).

Amongst stock specific action, positive bias was seen in stocks like HPCL (up 5.14%),

ICICI Bank (up 3.72%), IOC (up 3.67%).

Among stocks drifting down were: Hindalco (down 2.70%), VEDL (down 2.68%), Bharti

Airtel (down 1.94%).

In Today’s session, supporting buying arguments for our stock markets would be

subdued crude-oil prices. The make or break support levels on Nifty is at 10,707 mark.

Aggressive perma-bears camp could look to sell on any early strength with strict stop on

Nifty at 10911.Nifty’ must watch support levels would be 10,700 mark as maximum Put OI contracts

were seen at strike price 10,700 followed by 10,600 strike price.

Nifty’s key hurdle remains at psychological 11000 mark with maximum OI at 11000 strike

price; followed by 10,900 call option. Call writing was seen at the strike price of 11,000,

followed by 10,900 strike price. Call unwinding was seen at the strike price of 10,800.

As per Monday’s provisional data available on the NSE, Foreign institutional investors

(FIIs) sold shares for 9th straight day worth Rs. -754.43 crore, while domestic

institutional investors bought shares worth Rs 824.10 crore in the Indian equity market.

Highest OI Nifty: Calls 11000: 47.19 L - Puts 10700: 50.82 L

Highest OI Bank Nifty: Calls 27000: 14.26 L - Puts 26000: 8.86 L

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

Long Buildup: TATA MOTORS, EQUITAS, BATA, BPCL, MRPL.

Short Buildup: VEDL, INFIBEAM, ASHOK LEY, JSW STEEL.

Short Covering: DLF, APOLLO TYRE, RELCAP, STAR, INDIANB.

Long Unwinding: MC DOWELL, IRB, NIITECH, ARVIND.

Stocks banned in F&O segment for today: DHFL, INFIBEAM, JET AIRWAYS, JUST

DIAL.

New In Ban: INFIBEAM.

Out of Ban: NIL.

Future Call: Buy BALRAMPUR CHINI JUNE Futures at between 71-

72.50 zone. Targets: 79 and then at 89. Stop: 67.75. (Balrampur

Chini June Futures CMP 72.35. Analyst’s Remark: Oversold Zone.

Option Call: Sell NIFTY JUNE PE strike price 10700 at CMP 49.30.

Maximum Profit: Rs. 3697.50. Loss: Unlimited. Stop: Exit Put Option

if Nifty closes below 10730. (Nifty June Futures CMP 10789).

10799.85 (-0.17%)

26409.30 (-0.031%)

12.38 (+2.57%)

-10 vs -03

2.52 crores (+2.22%)

28.03 lakhs (+4.70%)

2079.64 3206.62

23184.81 37544.01

467440 598789.74

132055 11967

697624 45598

3796527 365815

621791 44060

5247997 467440

Calls in lakhs (%Change)

10800 35.88 (-18%)

10900 36.16 (-22%)

11000 47.19 (-28%)

Putsin lakhs (% Change)

10800 35.98 (+11%)

10700 50.82 (+6%)

10600 42.98 (+4%)

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 10799.85 10781.4 10762.95 10824.25 10848.65 10805.8 10404.07 UP

BANKNIFTY 26409.3 26328.67 26248.03 26483.72 26558.13 26403.08 25332.41 UP

NIFTYMID50 5012.55 4990.6 4968.65 5042.25 5071.95 5020.3 5136.35 DOWN

ACC 1300.4 1286.28 1272.17 1312.23 1324.07 1298.12 1641.82 DOWN

ADANIENT 134.35 131.2 128.05 136.75 139.15 133.6 152.25 DOWN

ADANIPORTS 370.55 367.92 365.28 374.47 378.38 371.83 398.63 DOWN

AJANTPHARM 1093.85 1071.63 1049.42 1121.03 1148.22 1098.82 1287.77 DOWN

ALBK 44.75 43.65 42.55 45.45 46.15 44.35 61.59 DOWN

AMARAJABAT 762.55 756.32 750.08 769.47 776.38 763.23 791.2 DOWN

ANDHRABANK 34.85 34.52 34.18 35.27 35.68 34.93 50.64 DOWN

APOLLOTYRE 271.4 268.22 265.03 274.37 277.33 271.18 263.07 UP

ARVIND 412.5 408.82 405.13 416.72 420.93 413.03 411.98 UP

ASHOKLEY 138.9 137.07 135.23 142.12 145.33 140.28 132.22 UP

ASIANPAINT 1282.05 1272.15 1262.25 1290.8 1299.55 1280.9 1179.16 UP

AUROPHARMA 613.85 605.18 596.52 620.53 627.22 611.87 656.24 DOWN

AXISBANK 522.55 519 515.45 528.55 534.55 525 533.04 DOWN

BAJAJ-AUTO 2895.3 2867.6 2839.9 2920.35 2945.4 2892.65 3053.77 DOWN

BAJAJFINSV 5995.75 5947.82 5899.88 6058.47 6121.18 6010.53 5284.5 UP

BAJFINANCE 2243.15 2219.57 2195.98 2281.37 2319.58 2257.78 1826.17 UP

BALKRISIND 1104 1094.85 1085.7 1115.25 1126.5 1106.1 1069.7 UP

BALRAMCHIN 72.1 71.07 70.03 73.57 75.03 72.53 121.81 DOWN

BANKBARODA 130.4 129.3 128.2 131.4 132.4 130.3 150.92 DOWN

BANKINDIA 97.5 96.85 96.2 98.55 99.6 97.9 140.55 DOWN

BATAINDIA 816.5 791 765.5 830.5 844.5 805 745.36 UP

BEL 114.3 112.67 111.03 116.67 119.03 115.03 158.68 DOWN

BEML 872.7 864.48 856.27 881.43 890.17 873.22 1395.64 DOWN

BERGEPAINT 286.9 283.77 280.63 292.52 298.13 289.38 261.3 UP

BHARATFIN 1184.05 1178.7 1173.35 1192.7 1201.35 1187.35 1039.82 UP

BHARATFORG 638.55 633.17 627.78 645.77 652.98 640.38 696.74 DOWN

BHEL 75.95 74.38 72.82 76.98 78.02 75.42 88.76 DOWN

BIOCON 620.35 615.42 610.48 627.37 634.38 622.43 523 UP

BPCL 423.1 416.18 409.27 429.58 436.07 422.67 465.79 DOWN

BRITANNIA 6074 6044.7 6015.4 6118.5 6163 6089.2 4898.89 UP

CANBK 267.7 265.48 263.27 270.78 273.87 268.57 317.51 DOWN

CANFINHOME 349.85 346.7 343.55 355.4 360.95 352.25 473.53 DOWN

CAPF 569.1 562.67 556.23 580.12 591.13 573.68 684.91 DOWN

CASTROLIND 170.95 169.73 168.52 172.73 174.52 171.52 192.35 DOWN

CEATLTD 1327.55 1310.63 1293.72 1349.33 1371.12 1332.42 1658.95 DOWN

CENTURYTEX 918.8 906.2 893.6 928.2 937.6 915.6 1241.07 DOWN

CESC 978.4 971.33 964.27 989.23 1000.07 982.17 1023.87 DOWN

CGPOWER 54.95 54.07 53.18 56.07 57.18 55.18 81.97 DOWN

CHENNPETRO 303.9 300.03 296.17 309.13 314.37 305.27 383.89 DOWN

CHOLAFIN 1611.8 1601.23 1590.67 1626.13 1640.47 1615.57 1358.61 UP

CIPLA 606.5 598.27 590.03 616.77 627.03 608.53 586.15 UP

COALINDIA 274.2 270.58 266.97 278.43 282.67 274.82 280.54 DOWN

CONCOR 1232.7 1215.02 1197.33 1260.17 1287.63 1242.48 1335.07 DOWN

CUMMINSIND 671.15 663.72 656.28 684.77 698.38 677.33 832.32 DOWN

DABUR 386.4 382.6 378.8 390 393.6 386.2 342.81 UP

DALMIABHA 2515.95 2491.28 2466.62 2551.78 2587.62 2527.12 2875.62 DOWN

DCBBANK 176.6 175.28 173.97 178.63 180.67 177.32 182.12 DOWN

DHFL 621.5 615.67 609.83 629.67 637.83 623.83 580.89 UP

DISHTV 72.1 71.55 71 72.75 73.4 72.2 75.43 DOWN

DIVISLAB 1100.4 1082.73 1065.07 1117.48 1134.57 1099.82 1028.83 UP

DLF 199.55 197.37 195.18 201.62 203.68 199.43 214.44 DOWN

DRREDDY 2385.85 2315.17 2244.48 2433.77 2481.68 2363.08 2232.27 UP

EICHERMOT 30135.3 29615.87 29096.43 30459.87 30784.43 29940.43 29799.63 UP

ENGINERSIN 130.15 126.8 123.45 133 135.85 129.65 165.75 DOWN

EQUITAS 150.45 148.92 147.38 152.72 154.98 151.18 151.24 DOWN

ESCORTS 912.55 903.65 894.75 923.1 933.65 914.2 801.23 UP

EXIDEIND 252 250.15 248.3 253.85 255.7 252 221.96 UP

FEDERALBNK 84 82.7 81.4 85.15 86.3 83.85 102.88 DOWN

FORTIS 137.5 136.35 135.2 139.3 141.1 138.15 146.42 DOWN

GAIL 338.1 334.4 330.7 340.4 342.7 336.7 338.56 DOWN

GLENMARK 581.3 573.98 566.67 590.13 598.97 582.82 572.58 UP

GODREJCP 1160.05 1149.93 1139.82 1173.23 1186.42 1163.12 1026.97 UP

GODREJIND 614.3 607.2 600.1 620.4 626.5 613.3 584.6 UP

GRANULES 88.6 87.15 85.7 90.1 91.6 88.65 117.92 DOWN

GRASIM 1020.1 1012.43 1004.77 1031.38 1042.67 1023.72 1137.24 DOWN

GSFC 115 113.47 111.93 116.07 117.13 114.53 135.08 DOWN

HAVELLS 547.35 541.03 534.72 558.28 569.22 551.97 524.84 UP

HCC 14.3 14.02 13.73 14.67 15.03 14.38 31.38 DOWN

HCLTECH 933.2 923.85 914.5 949.95 966.7 940.6 917.62 UP

HDFC 1823.55 1817.63 1811.72 1832.03 1840.52 1826.12 1790.17 UP

HDFCBANK 2019.15 2005.9 1992.65 2035.6 2052.05 2022.35 1889.48 UP

HDIL 22.65 22.43 22.22 22.83 23.02 22.62 49.63 DOWN

HEROMOTOCO 3666.15 3643.93 3621.72 3695.43 3724.72 3673.22 3674.86 DOWN

HEXAWARE 436 427.73 419.47 444.98 453.97 436.72 353.29 UP

HINDALCO 231 228.33 225.67 234.33 237.67 231.67 246.2 DOWN

HINDPETRO 322.1 315.02 307.93 327.27 332.43 320.18 389.91 DOWN

HINDUNILVR 1608.55 1595.03 1581.52 1630.53 1652.52 1617.02 1353.29 UP

HINDZINC 297.9 290.65 283.4 305.5 313.1 298.25 307.53 DOWN

IBREALEST 170.25 167.08 163.92 173.38 176.52 170.22 211.49 DOWN

IBULHSGFIN 1199.95 1168.97 1137.98 1217.97 1235.98 1186.98 1245.76 DOWN

ICICIBANK 293 286.2 279.4 297 301 290.2 301.46 DOWN

ICICIPRULI 397.5 394.9 392.3 400.9 404.3 398.3 403.45 DOWN

ICIL 76.85 69.82 62.78 81.32 85.78 74.28 103.76 DOWN

IDBI 59.3 58.45 57.6 60 60.7 59.15 63.06 DOWN

IDEA 62.25 61.57 60.88 63.07 63.88 62.38 82.84 DOWN

IDFC 49.55 49.2 48.85 49.95 50.35 49.6 56.8 DOWN

IDFCBANK 42.4 41.6 40.8 43.45 44.5 42.65 52.51 DOWN

IFCI 16.55 16.25 15.95 16.9 17.25 16.6 23.04 DOWN

IGL 259.3 257.03 254.77 263.23 267.17 260.97 297.26 DOWN

INDIACEM 114 112.8 111.6 115.1 116.2 113.9 162.78 DOWN

INDIANB 356 349.7 343.4 360.6 365.2 354.3 331.85 UP

INDIGO 1241.35 1231.17 1220.98 1250.72 1260.08 1240.53 1225.67 UP

INDUSINDBK 1967.95 1956.3 1944.65 1984.3 2000.65 1972.65 1740.57 UP

INFIBEAM 153.15 150.97 148.78 155.32 157.48 153.13 155.27 DOWN

INFRATEL 291.3 288.8 286.3 293.9 296.5 291.4 359.5 DOWN

INFY 1267.4 1256.08 1244.77 1284.98 1302.57 1273.67 1069.52 UP

IOC 173.9 170.27 166.63 177.37 180.83 173.73 190.17 DOWN

IRB 226.05 223.55 221.05 229.45 232.85 226.95 231.14 DOWN

ITC 264.55 263.53 262.52 265.53 266.52 264.52 267.71 DOWN

JETAIRWAYS 391.05 386.63 382.22 397.33 403.62 392.92 622.16 DOWN

JINDALSTEL 229.55 224.78 220.02 233.88 238.22 229.12 209.82 UP

JISLJALEQS 97.35 96.3 95.25 98.2 99.05 97.15 111.46 DOWN

JPASSOCIAT 15.4 14.25 13.1 16.2 17 15.05 18.89 DOWN

JSWENERGY 71.85 70.27 68.68 72.92 73.98 71.33 79.97 DOWN

JSWSTEEL 327.15 322.22 317.28 332.02 336.88 327.08 286.28 UP

JUBLFOOD 2810.7 2768.87 2727.03 2835.22 2859.73 2793.38 1983.08 UP

JUSTDIAL 565.05 559.27 553.48 572.77 580.48 566.98 472.31 UP

KOTAKBANK 1315.3 1304.37 1293.43 1333.62 1351.93 1322.68 1089.53 UP

KPIT 278.65 276.53 274.42 281.88 285.12 279.77 194.59 UP

KSCL 570.75 560.08 549.42 579.58 588.42 568.92 524.61 UP

KTKBANK 116.65 115.7 114.75 118.15 119.65 117.2 139.74 DOWN

L&TFH 164.4 163.15 161.9 165.9 167.4 164.65 177.51 DOWN

LICHSGFIN 500.65 494.97 489.28 505.37 510.08 499.68 562.95 DOWN

LT 1323.2 1317.03 1310.87 1333.38 1343.57 1327.22 1279.63 UP

LUPIN 902.2 887.27 872.33 917.07 931.93 902.13 867.48 UP

M&M 913.9 908.25 902.6 920.3 926.7 914.65 748.45 UP

M&MFIN 475.95 470.88 465.82 481.13 486.32 476.07 456.18 UP

MANAPPURAM 103.3 102.47 101.63 104.22 105.13 103.38 108.91 DOWN

MARICO 338.05 335.72 333.38 341.47 344.88 339.13 315.97 UP

MARUTI 8973.45 8924.13 8874.82 9036.58 9099.72 8987.27 8704.02 UP

MCDOWELL-N 665.75 657.97 650.18 678.42 691.08 670.63 633.1 UP

MCX 793.4 783.93 774.47 805.43 817.47 795.97 888.22 DOWN

MGL 829.55 824.47 819.38 834.62 839.68 829.53 1030.03 DOWN

MOTHERSUMI 302.3 296.38 290.47 309.83 317.37 303.92 344.54 DOWN

MRF 74359.8 73623.2 72886.6 75673.2 76986.6 74936.6 70290.24 UP

MRPL 90 88.38 86.77 91.23 92.47 89.62 119.45 DOWN

MUTHOOTFIN 390.15 386.03 381.92 394.23 398.32 390.12 439.95 DOWN

NATIONALUM 68.85 67.9 66.95 69.65 70.45 68.7 77.32 DOWN

NBCC 86.25 85.53 84.82 87.08 87.92 86.37 110.77 DOWN

NCC 102.6 100.17 97.73 106.17 109.73 103.73 114.33 DOWN

NMDC 112.05 110.92 109.78 113.02 113.98 111.88 127.63 DOWN

NTPC 157 156 155 157.9 158.8 156.9 171.45 DOWN

OFSS 4152.25 4080.42 4008.58 4218.67 4285.08 4146.83 3863.12 UP

OIL 217.15 213.75 210.35 222.2 227.25 218.8 231.66 DOWN

ONGC 164.6 162.77 160.93 166.92 169.23 165.08 181.34 DOWN

ORIENTBANK 79.25 78.33 77.42 80.33 81.42 79.42 110.2 DOWN

PCJEWELLER 151.1 145.3 139.5 156.95 162.8 151.15 344.19 DOWN

PEL 2548.1 2505.53 2462.97 2574.23 2600.37 2531.67 2639.67 DOWN

PETRONET 213.55 210.98 208.42 215.98 218.42 213.42 239.45 DOWN

PFC 80.7 79.8 78.9 82.15 83.6 81.25 109.08 DOWN

PIDILITIND 1078.05 1070.23 1062.42 1087.93 1097.82 1080.12 916.24 UP

PNB 88.5 87.58 86.67 90.03 91.57 89.12 135.58 DOWN

POWERGRID 198.65 196.77 194.88 200.02 201.38 198.13 203.57 DOWN

PTC 82.5 81.62 80.73 83.57 84.63 82.68 106.04 DOWN

PVR 1377.1 1349.18 1321.27 1406.83 1436.57 1378.92 1354.56 UP

RAMCOCEM 719.8 711.23 702.67 733.43 747.07 724.87 749.75 DOWN

RAYMOND 986.9 976.9 966.9 996.45 1006 986.45 971.19 UP

RBLBANK 551.6 546.87 542.13 558.97 566.33 554.23 510.24 UP

RCOM 15.15 14.9 14.65 15.5 15.85 15.25 20.33 DOWN

RECLTD 112.75 111.93 111.12 113.93 115.12 113.12 144.83 DOWN

RELCAPITAL 423.55 418.57 413.58 427.47 431.38 422.48 498.03 DOWN

RELIANCE 1015.55 1008.22 1000.88 1021.67 1027.78 1014.33 914.55 UP

RELINFRA 432.35 427.73 423.12 437.23 442.12 432.62 465.06 DOWN

REPCOHOME 564.45 558.88 553.32 569.13 573.82 563.57 614.98 DOWN

RPOWER 34.7 34.18 33.67 35.03 35.37 34.52 40.79 DOWN

SAIL 86.95 84.53 82.12 88.33 89.72 85.92 77.04 UP

SBIN 276.85 274.95 273.05 279.25 281.65 277.35 280.15 DOWN

SHREECEM 16129.6 16049.8 15970 16244.65 16359.7 16164.85 17474.01 DOWN

SIEMENS 1012.15 995.55 978.95 1032.2 1052.25 1015.6 1182.91 DOWN

SOUTHBANK 23.85 23.67 23.48 24.17 24.48 23.98 28.38 DOWN

SREINFRA 73.15 72.25 71.35 74.5 75.85 73.6 93.95 DOWN

SRF 1872.65 1853.47 1834.28 1898.37 1924.08 1879.18 1863.36 UP

SRTRANSFIN 1467.4 1448.27 1429.13 1489.27 1511.13 1470.13 1346.4 UP

STAR 405.6 391.17 376.73 417.22 428.83 402.78 728.35 DOWN

SUNPHARMA 570.1 563.23 556.37 577.63 585.17 570.77 527.23 UP

SUNTV 883.05 871.2 859.35 903.7 924.35 891.85 897.42 DOWN

SUZLON 7.9 7.83 7.77 7.98 8.07 7.92 13.29 DOWN

SYNDIBANK 48.65 47.88 47.12 49.38 50.12 48.62 67.17 DOWN

TATACHEM 732.4 726.93 721.47 740.93 749.47 735.47 709.95 UP

TATACOMM 604.9 598.8 592.7 614.2 623.5 608.1 654.98 DOWN

TATAELXSI 1295.8 1287.17 1278.53 1305.47 1315.13 1296.83 1003.4 UP

TATAGLOBAL 275.35 270.72 266.08 278.42 281.48 273.78 262.51 UP

TATAMOTORS 308.8 303.6 298.4 312.5 316.2 307.3 379.46 DOWN

TATAMTRDVR 183.8 180.48 177.17 186.13 188.47 182.82 215.79 DOWN

TATAPOWER 75 74.42 73.83 75.97 76.93 75.38 85.21 DOWN

TATASTEEL 558.5 549.38 540.27 565.53 572.57 556.42 660.21 DOWN

TCS 1829 1811.45 1793.9 1857.25 1885.5 1839.7 1453.5 UP

TECHM 710.55 703.22 695.88 716.02 721.48 708.68 563.47 UP

TITAN 897.7 891.18 884.67 904.73 911.77 898.22 815.43 UP

TV18BRDCST 56.85 56.27 55.68 57.57 58.28 56.98 54.58 UP

TVSMOTOR 596.9 587.47 578.03 604.17 611.43 594.73 670.13 DOWN

UBL 1284.25 1265.32 1246.38 1295.72 1307.18 1276.78 1039.88 UP

UJJIVAN 390.4 387.68 384.97 393.93 397.47 391.22 373.63 UP

ULTRACEMCO 3669.5 3637.67 3605.83 3704.67 3739.83 3672.83 4112.05 DOWN

UPL 692.25 688.73 685.22 697.83 703.42 694.32 749.48 DOWN

VEDL 232.2 228.57 224.93 235.92 239.63 232.28 306.29 DOWN

VGUARD 208.3 205.47 202.63 212.77 217.23 209.93 222.26 DOWN

VOLTAS 521.1 514.4 507.7 526.1 531.1 519.4 590.31 DOWN

WIPRO 265.75 263.43 261.12 268.53 271.32 266.22 290.4 DOWN

WOCKPHARMA 720.55 707.27 693.98 735.47 750.38 722.18 738.43 DOWN

YESBANK 331.65 328.28 324.92 334.43 337.22 331.07 331.28 UP

ZEEL 561.2 554.48 547.77 567.43 573.67 560.72 562.06 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 trading with negative bias. Bias shifts to neutral. Confirmation of strength above 31445. Interweek Strategy: Establish long positions on dips to 30845-30901 zone, targeting 31445 zone and then at 31701-31751 zone with stop at 30245.

Silver prices too were trading with negative bias in yesterday's trade. Bias shifts to neutral. Establish short positions between 40.251-40501 zone, targeting 39741 and then at 38655-38901 zone with stop at 41251.

The biggest support level to watch is at 4211. Interweek strategy: Buy only on dips between 4305-4345 zone, targeting 4501 zone and then at 4811-4825 zone with stop at 4179.

Copper prices were seen trading with negative bias amidst profit booking. Support now seen at 451. Interweek strategy: Establish buy positions between 463-465 zone, targeting 477 and then at 489-495 zone with stop at 451.

Natural Gas prices were seen drifting down amidst profit booking in yesterday's trade. Key supports now at 185. Interweek strategy: Establish long positions between 195-197 zone, targeting 211 and then aggressive targets at 217-223 zone with stop at 185.

USD/INR was seen consolidating in yesterday's trade. Key interweek support seen at 67.39. Hurdles now seen at 70.05. Interweek Strategy: Buy at CMP, targeting 68.45 and then aggressive targets at 70-70.05 zone with stop below 66.85.

30979 30845 30251 31445 31750 Neutral

40046 39741 38655 41101 41751 Neutral

4443 4305 4211 4561 4971 Neutral

467 463 451 177 495 Positive

203.50 197.50 185.00 211.00 225.00 Positive

67.98 67.39 66.95 68.45 70.05 Positive

MCX NATURAL GAS: The technical landscape is improving. Buy on any corrective declines.

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 broadly negative amidst escalating Washington-Beijing trade tensions, an issue that is seen as a major potential headwind

In yesterday's trade, gold prices were seen consolidating. Confirmation of strength only above 1297. Interweek strategy: Establish long positions between 1275-1277.50 zone, targeting 1297 zone and then at 1307-1313 zone with stop at 1261.

Silver prices were seen trading with negative bias, tracking subdued gold prices. Confirmation of strength only above 17.45. Interweek strategy: Establish long positions between 1590-1601 zone, targeting 17.05 and then at 17.95-18.01 zone with stop at 15.05.

Crude-Oil prices were seen inching up amidst oversold conditions. Major hurdles now seen at 67.15. Interweek strategy: Buy at CMP, targeting 67.15 zone and then at 68.50-69.05 zone with stop at 62.45.

The EUR/USD was seen trading range bound 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 was trading range bound in yesterday's trade, but with positive bias. Technically, bias shifts to neutral/positive. Hurdles at 95. Downside well supported at 92.50. Major weakness now below 92.50.

The Dow Jones Industrial Average fell in Monday's session as trade-war fears continued to dog global markets. Technically, hurdles seen at 26125. Negative bias.

1281 1275 1261 1297 1313 Neutral

16.49 15.75 15.05 17.45 18.01 Neutral

65.27 63.75 62.5 67.15 69.05 Neutral

1.1619 1.1505 1.4445 1.1901 1.2205 Neutral

94.85 92.50 89.25 95.00 97.50 Positive

24921 23405 22501 25505 26125 Negative


DAILY PIVOT TABLE



CommodityExchange Close S1 S2 R1 R2200 Day

SMA Reversal

Point Trend

MCX ALUMINUM

MCX CARDAMOM

NCDEX CASTOR

NCDEX CHANA

MCX COPPER

MCX COTTON

MCX CRUDE-OIL

MCX GOLD

NCDEX GAUR GUM

NCDEX GAUR SEED

NCDEX JEERA

MCX LEAD

MCX MENTHA OIL

MCX NATURAL GAS

MCX NICKLE

NCDEX RM SEED

MCX SILVER

NCDEX SUGAR

NCDEX SOYA BEAN

MCX ZINC

151.95 150.62 149.28 153.87 155.78 141.69 157.7 DOWN

919.2 919.2 919.2 919.2 919.2 1047.61 852.45 UP

4049 4008.33 3967.67 4104.33 4159.67 4271.52 3821 UP

3405 3387.67 3370.33 3428.67 3452.33 4318.23 3509 DOWN

473.9 469.93 465.97 480.53 487.17 449.77 472.9 UP

22920 22836.67 22753.33 23066.67 23213.33 19921.9 22440 UP

4435 4347 4259 4549 4663 3955.25 4565 DOWN

31010 30837.33 30664.67 31303.33 31596.67 30089.86 30947 UP

7707 7702 7697 7712 7717 8597.8 7748 DOWN

3689 3679 3669 3700 3711 3969.17 3727 DOWN

16425 16366.67 16308.33 16481.67 16538.33 17876.77 16110 UP

163.8 162.5 161.2 166.15 168.5 160.45 163.4 UP

1157.3 1144.63 1131.97 1171.83 1186.37 1415.45 1219.6 DOWN

206.2 202.97 199.73 208.47 210.73 187.77 192.9 UP

1030.2 1022.9 1015.6 1041 1051.8 840.64 1012.1 UP

3980 3973 3966 3986 3992 3943.42 4005 DOWN

40199 39660.66 39122.33 41217.66 42236.33 39226.48 39871 UP

2709 2709 2709 2709 2709 3619.22 2651 UP

3419 3418 3417 3420 3421 3348.62 3281.5 UP

212 210 208 215.55 219.1 211.64 228.2 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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