View
1
Download
0
Category
Preview:
Citation preview
Disclosures and Disclaimer : This report must be read with the disclosures in the Disclosure appendix, and with the Disclaimer, which forms part of it. This document does not contain any investment views or opinions.
Comfort Securities Limited
Daily Research Reports
You will enjoy all the comforts of financial world when you alight with us.
Comfort
Flows From
WISDOM…
Welcome to
The world out there is uncertain. On this backdrop, the market volatility is bound to increase. Believe us, even the big
investors’ sentiment will oscillate—and that is why it is important for us to safely navigate these difficult times.
To do so, Comfort Securities Ltd. brings you this daily market commentary which will help you to sharpen your instincts
on investments in equity markets, gold, silver, crude-oil, USD/INR, the Dow Jones index, Hang Seng index, Euro-Dollar,
etc. On the next few pages, you can learn more about the same. We would love to answer any further questions you may
have in a one-one discussion.
We are pleased to inform you that this report features contributions from the finest analytical minds in the business and
are distinguished by our proactive consulting approach, timely advice, and specific recommendations. We take
satisfaction in seeing clients realize their dreams.
The Comfort Securities team would like to take this opportunity to thank our readers for their support and feedback over
the years. We hope you enjoyed reading this daily newsletter. Above all, we wish that this experience is both
professionally and personally rewarding.
If you have any queries please do contact me or any member of Comfort Securities Ltd. team and we would be glad to
assist.
Best Regards,
Comfort Securities Ltd.Call Us: Tel: 91-22-28811259
Comfort Securities Ltd.
Comfort Securities Limited
Enjoy Your Comfort Zone.
Invest Smart. Build Wealth.
Welcome Note
Friday31st August, 2018
Stock Of The Day: (F & O)
Forecast and Analysis
CONTENTSCONTENTS
Enjoy Your Comfort Zone.
Invest Smart. Build Wealth.
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
Enjoy Your Comfort Zone.
Invest Smart. Build Wealth.
'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.
Invest Smart. Build Wealth.
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
‘30,000 feet view’: The big picture of Dalal Street
Good Morning & Welcome to last trading day of the week and also the last
trading day of the month at Dalal Street, dated 31st of August 2018.
In early action, SGX Nifty is seen stumbling, down 50 points at 10,686.
Well, after regaining all-time-high in August series, the benchmark Nifty is set for a
dreadful start for the September series. The two key negative catalysts:
1. Weakening Indian Rupee.
2. Strength in Crude-oil prices.
Our call of the day suggests that the bulls' camp cannot afford to be complacent at
the moment. The above two negative catalysts are bound to temper some excitement.
And if yesterday's trading action is any indication then the ongoing optimism at Dalal Street
will not last forever. The longevity of the ongoing uptrend is now in question mark.
Brace yourself for volatile sessions in near term as we are expecting crude-oil prices to rise
further amidst risk of disruption, especially from OPEC-countries like Venezuela, Iran,
Libya and Nigeria. Also, a trade war unlikely to curb China's appetite for US crude.
Higher crude oil prices will definitely keep the Indian Rupee under pressure.
We suspect, escalating trade tension between U.S-China could be the real villain rattling
our stock markets.
Long story short: Traders need to keep their books extremely light and caution should
be the buzzword. Those aggressive bullish traders getting tempted by get-rich-quick
bullish stocks then will lose their hard-earned money.
Perma-bulls also need to have a strategy in case the bears takes the centre stage, else they
are putting themselves at major risk of capital.
The bottom line: Anxious bulls, time to keep away from the expectant bears.
Outlook for Friday: Nifty may consolidate. Key support seen at
11,601 mark.
Commanding attention would be trade-related news amid worries that heightened
tensions between U.S. -China could not only hamper U.S. economic growth but derail the
global economy at large.
The bears will undoubtedly have an edge, but the big question is: Will that big
bearish moment be today?
We believe after a cautious start, Nifty may again consolidate in today's trading session.
Any up move will be with lots of hesitation! The last two days trading action is any
indication then the ongoing optimism at Dalal Street will not last forever!
It will be challenging at the moment for the traders camp as one of the areas of concern is
that there’s still a relatively narrow breadth in the market in terms of leadership.
On the option data front, key resistance level for the September series are at 11,800 strike
price. While support for Nifty are seen at 11,000 strike price as maximum put open interest
seen at 11,000 strike price.
STOCKS TO WATCH:
• Our chart of the day suggests establishing long positions ONLY if there is sizeable
correction in stocks like VGUARD, ORACLE FINANCE (OFSS) and BANK OF INDIA
with interweek perspective.
11677 -0.13%
28103 -0.16%
11008 -0.45%
32844 1.28%
3252 0.42%
15529 0.03%
2857 0.16%
5330 0.17%
3665 0.85%
10121 1.12%
276 0.60%
7642 0.48%
38690 -0.08%
11717 -0.17%
Consolidation day likely.
Neutral (11645-11745)
Neutral (11300-11901)
Neutral (12001)
11645 & 11531
11771 & 12001
11321
www.comfortsecurities.co.inEnjoy Your Comfort Zone.
Invest Smart. Build Wealth.
Technical Strategy
‘30,000 feet view’: The big picture of Dalal Street
• Bullish stocks: OFSS, UPL, ADANI ENTERPRISES, BHARAT FORGE, CENTURY
TEXTILE, DHFL, M&M, MCDOWELL, UBL, SAIL, TATA ELXSI, VGUARD.
• Bearish stocks: ALLAHABAD BANK, BEL, BPCL, HPCL, JUST DIAL, MCX, MGL,
MRF, SOUTH INDIAN BANK, SUN TV, SUZLON, SYNDICATE BANK, TATA GLOBAL.
• Show Me the Money: Buy JINDAL STEEL & POWER (CMP 222.75): Jindal Steel &
Power is aiming to move above its crucial oversold technical conditions on the daily
charts. Confirmation of major strength above 227.50 mark. Intraday Strategy: Buy
between 213-217 zone, targeting 227.50 and then more aggressive targets located
at 231-235 zone. Stop below 209.
• Auto stocks will be in focus as August monthly sales numbers would start trickling in
from this weekend. In this space, we like Escorts.
• JSW Steel To Replace Lupin In Nifty 50 From Sept. 28. The company will join Tata
Steel Ltd., the only other steelmaker in the index, according to a press release by the
National Stock Exchange.
• ICICI Securities: Chanda Kochhar reappointed on the board of the company as
ICICI Bank voted in favour of Kochhar’s reappointment at company.
• Karnataka Bank: The meeting of the board of directors of the bank has been
scheduled on September 5 to consider the proposal for augmenting the capital
through Tier II instruments.
• Stocks banned in F&O segment for today: No stocks under ban period on NSE.
FII & DII DATA:
• As per Thursday's provisional data available on the NSE, Foreign institutional
investors (FIIs) bought shares worth Rs 958.01 crore while domestic institutional
investors sold shares worth Rs 1,598.67 crore in the Indian equity market.
GLOBAL CUES:
• Amazon was star performer in yesterday’s trade at Wall Street. Amozon shares
crossed the $2,000 level on Thursday for the first time, gaining over 70% this year.
Apple, which became the first U.S. publicly traded company to reach the $1 trillion
mark earlier this month, now has a market cap around $1.05 trillion and is the
second-best performing Dow component this year with a gain of 32%.
The rally in shares of Apple and Amazon have helped push the Nasdaq Composite
past the 8,000 mark for the first time. The tech-heavy benchmark has gained 17%
this year.
Bezos is already by far the world’s richest person. His net worth is currently
estimated to be $164 billion, compared with second-place Bill Gates of Microsoft
fame at $98.4 billion, and with third-place Warren Buffett, at $87.1 billion.
• Overnight, Wall Street snapped a four-day winning streak to finish lower Thursday,
with the Dow falling back below 26,000, on a report that President Donald Trump is
likely to press ahead with tariffs against $200 billion worth of Chinese products.
COMMODITY CUES:
• Oil prices rose on Thursday, extending gains on growing evidence of serious
disruptions to crude supply from Iran and Venezuela and after a fall in U.S. crude
inventories.
• Copper prices were seen struggling for direction in yesterday's trade amidst value
buying. MCX COPPER (422): Interweek strategy: Establish long positions at CMP,
targeting 431 and then at 441-447.50 zone with stop at 405.
ORACLE FINANCE (OFSS)
Action
Target
Support
Resistance
Holding Period
4171
BUY
5001
3875/3661
4401/5050
90 days
In Thursday's trade, Oracle Finance (OFSS))
ended on a positive note and was seen
attempting a major breakout from a higher
consolidation zone on the daily charts, up 0.32%.
Technically, the stock is in consolidation mode at
higher levels and the momentum oscillators are
signaling a major breakout on the buy mode. Any
move above 4401 zone will confirm strength
which also needs to be backed by increases in
volumes. The stock is seen moving up on daily
charts, backed by positive divergences.
Key support to watch in near term is at 3875 zone.
Medium term supports seen at 3661-3675 zone.
Intermonth perspective: Establish long
positions at CMP, and on dips between 75-3875-
3901 zone, targeting 4405 zone and then at
4750 mark and final aggressive targets at 5001-
5050 zone with strict stop at 3651.
www.comfortsecurities.co.inEnjoy Your Comfort Zone.
Invest Smart. Build Wealth.
‘30,000 feet view’: The big picture of Dalal Street
• Gold prices were at two-week high as the dollar fell to a one-month low following the U.S. and Mexico deal.
CURRIENCIES & BONDS:
• The U.S. dollar index traded drifted in yesterday's trade, amidst profit booking.
• The rupee plunged by 49 paise against the dollar to close at 70.59 on Wednesday. That marked the steepest fall in the rupee against the
greenback in about two weeks. Buying on dips should be preferred strategy. Interweek strategy: Establish long position between 69.95-
70.10 zone, targeting 71 and then aggressive targets at 72.50-73 with stop at 69.45.
MACRO WATCH:
• In terms of economic data, investors got further confirmation the U.S economy is improving. Second-quarter GDP was revised to 4.2%
versus the initial 4.1%. The street was expecting no change.
• All anxious eyes will be on India's GDP growth data for the April-June quarter due this Friday.
What Technical Tells Us on Nifty: Nifty ended with small losses in yesterday's trade and settled below the crucial 11,700 mark.
However, the market breadth, indicating the overall health of the market, was positive. The BSE Mid-Cap index rose 0.43%. The BSE Small-Cap
index rose 0.27%. Both these indices outperformed the Sensex.
Technically speaking, the must watch support levels are placed at 11,601 & then at 11,531. The technical landscape will worsen only if Nifty slips
below the 11,319 mark as that would open the door to massive technical selling, possibly quickly to the 10,750-10,901 zone.
The intraday bias is neutral amidst deteriorate technical conditions
For the day, we believe, Nifty will trade with slight negaive bias with downside well supported at 11601 mark. Hurdles continue to be at
psychological 11,801 mark and then aggressive targets at 12,001 mark.
The price action for Nifty is suggesting that we are likely to see an 11,501-11,801 range in near term with positive bias.
Bulls Vs. Bears: Time to Pick a Side!!
We suspect, Nifty still have some way to go before hitting the wall.
Preferred trade on Nifty: Nifty (11677): Buy only on any sharp corrective declines between 11601-11611 zone, targeting 11721 and then at
11851-11901 zone with stop at 11501.
Preferred trade on Bank Nifty: Bank Nifty (28103): Establish long positions at CMP, targeting 28501 zone and then at 28901-29001 zone with
strict stop at 27551.
Daily Chart of Nifty:
Enjoy Your Comfort Zone.
Invest Smart. Build Wealth.
Comfort stock of the day
Stock Of The Day: (F & O)
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.
Stock Of The Day: (F & O)
R2STOCKS LTP S1 S2 R1 TRADING STRATEGYBIAS
Enjoy Your Comfort Zone.
Invest Smart. Build Wealth. www.comfortsecurities.co.in
Stock Of The Day: (F & O)
DLF has signalled a major breakout from a higher consolidation zone on the daily charts. Intraday Strategy: Establish long positions between 215-217.50 zone, targeting 225-227.50 zone and then aggressive targets located at 231 mark. Stop below 212.05.
BOI is aiming to move above its crucial oversold technical conditions on the daily charts. Confirmation of major strength above 105.05 mark. Interweek Strategy: Buy between 96-97.50 zone, targeting 103-105 zone and then more aggressive targets located at 109-111 Stop below 95.45.
The interweek/intermonth risk is on the upside with immediate targets at 701. Key intraday support seen at 657.50. Interweek Strategy: Buy between 657.50-662.50 zone, targeting 677.50 zone and then at 695-701 zone with stop below 645.
Buying on any corrective declines should be the preferred strategy for VGUARD. Key interweek support seen at 207.50 zone. Interweek Strategy: Buy between 218-222 zone, targeting 227.50 and then at 235-241 zone. Stop below 215.05.
KPIT enjoyed a strong session in yesterday's trade, up 0.46%. The recent sequence of higher highs/lows is intact on weekly charts. Interweek Strategy: Buy between 292-295 zone, targeting 302.50 and then more aggressive targets located at 307-311 zone. Stop below 289.05.
Establish long positions on any early declines: BOI & KPIT.
DLF
BANK OF INDIA (BOI)
DHFL
VGUARD
KPIT
221.1 212.5 207 227.5 231 Positive
99.5 95.75 92.5 105.05 111 Positive
666.3 657.5 645 677.5 701 Positive
224.25 217.5 207..50 227.5 241 Positive
296.4 291 285 302.5 311 Positive
www.comfortsecurities.co.inEnjoy Your Comfort Zone.
Invest Smart. Build Wealth.
EQUITY DERIVATIVESLooking into the future from present.
Changes in Open Interest (OI) in yesterday’s trade.
Nifty Spot
Bank Nifty Future
VIX
Premium
Nifty Future OI
Bank Nifty Spot OI
BSE Cash Vol. (Rs. in Cr)
NSE Cash Vol.(Rs. in Cr)
NSE Derivative Vol. (Rs. in Cr)
Index Future Volumes
Stock Future Volumes
Index Option Volumes
Stock Option Volumes
Total
Cash Volumes (INR in Cr.)
YesterdayDay Before Yesterday
Derivatives Vol.(INR in Cr.)
No of contracts
Turnover (Rs. In cr.)
Major Changes in Nifty Options (OI)
Market Summary: In Thursday's wobbly trading session, the key benchmarks Nifty & Sensex were seen holding their
ground. Volatility was hallmark as is typical for derivative expiry day. The bulls camp were bit hesitant
primarily on concerns of:
1. Weakening Indian Rupee.
2. Strength in Crude-oil prices. We suspect, the above two negative catalysts are bound to temper some excitement. Looks like, in
September series, even Nifty may take a breather from its record run. Technically, Nifty's major mark in the sand would be its all-time-high at 11,761 mark, which will prove
stiff resistance. We should start to see momentum build only on any successive close above 11,761
mark. The biggest support to watch is at 11,600 mark. The technical landscape warrants caution amidst overbought conditions, as also on fact that Nifty is
trading way above its 200-day moving average which is placed at 10,675 mark. Focus now shifts to India's GDP growth data for the April-June quarter due today.
Amongst broader indices, the BSE Midcap index rose by 0.43%. The BSE Smallcap index too was up
0.27%. Both the indices clearly outperformed Sensex/Nifty.
Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE FMCG Index (up 1.11%), BSE
Healthcare Index (up 0.85%), BSE Metal Index (up 0.78%).
Amongst the sectoral indices, underperforming the Sensex/Nifty were BSE Bankex Index (down
0.38%), BSE Auto Index (down, 0.33%), BSE Consumer Durables Index (down, 0.26%)
Amongst stock specific action, positive bias was seen in stocks like SUN PHARMA (up 3.31%), GAIL
(2.45%), TATA STEEL (up 2.37%)
Among stocks drifting down were: EICHER MOTORS (down 2.04%), BAJFIN (down 1.93%),
HINDPETRO (down 1.79%)
Maximum Call Open Interest (OI) stands at 11800 Strike Price, followed by 12000 Strike Price for
September Series. Call writing was seen predominantly at 11900-12100 strike prices for September
series.
Maximum Put Open Interest (OI) was seen at strike price 11400 followed by 11,000 strike price for
September series. Put buying was seen predominantly at 11300-11650 strike prices for September
series.
Highest OI Nifty: Calls 11800: 22.40 L - Puts 11400: 27.60
Highest OI Bank Nifty: Calls 29000: 6.67 L - Puts 27000: 6.65 L
Change in Stock Open Interest (OI) in previous day’s trade.
Long Buildup: DLF, INDIA CEM, GAIL, PETRONET, M&M FIN.
Short Buildup: HINDPETRO, AXIS BANK, EXIDE, IBHSGFIN, ESCORTS.
Short Covering: BANK OF BARODA, GRANULES, TVS MOTOR, TATAELXSI, CANBK.
Long Unwinding: RELIANCE, HDFC, BIOCON, BAJFIN, RBLBANK.
Stocks banned in F&O segment for today: NIL.
New In Ban: NIL.
Out of Ban: DHFL, IDBI, PNB.
Future Call: SELL HDFC SEPTEMBER FUTURES at CMP 1942.
Targets 1920 and then at 1899. Stop: 1963. Holding Period:
Intraday. Analyst’s Remark: Breaking Down (HDFC September
Futures CMP 1942).
Option Call: BUY DLF SEPTEMBER CE strike price 235 at CMP 5.20.
Profit: Unlimited. Maximum Loss: Rs. 13,000. Stop: Exit Call option if
DLF moves below 213. (DLF September Futures CMP 222.30).
11676.80 (-0.13%)
28103.25 (-0.43%)
12.4125 (-0.18%)
+63 vs +55
2.34 crores (+32.24%)
16.40 lakhs (+56.07%)
2798.23 2989.75
41144.29 35363.26
1931286 1080212
398296 38103
2007357 143457
15725202 1656221
1153147 93505
19284002 1931286
Calls in lakhs (%Change)
11700 16.32 (+35%)
11800 22.4 (+53%)
11900 14.58 (+96%)
Puts in lakhs (% Change)
11400 27.24 (+45%)
11600 25.92 (+54%)
11700 24.26 (+67%)
Friday31st August, 2018
www.comfortsecurities.co.in
DAILY PIVOT TABLE
Enjoy Your Comfort Zone.
Invest Smart. Build Wealth.
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.
Friday31st August, 2018
NIFTY 11676.8 11644.73 11612.67 11703.83 11730.87 11671.77 10668.97 UP
BANKNIFTY 28103.25 27965.43 27827.62 28237.38 28371.52 28099.57 26007.12 UP
NIFTYMID50 5330.45 5308.32 5286.18 5351.77 5373.08 5329.63 5158.87 UP
ACC 1624.05 1610.83 1597.62 1634.58 1645.12 1621.37 1559.95 UP
ADANIENT 224 218.78 213.57 230.23 236.47 225.02 161.63 UP
ADANIPORTS 383.75 379.5 375.25 388.6 393.45 384.35 391.59 DOWN
AJANTPHARM 1249.65 1236.78 1223.92 1258.73 1267.82 1245.87 1262.18 DOWN
ALBK 41.85 40.85 39.85 42.6 43.35 41.6 54.23 DOWN
AMARAJABAT 842.5 832.77 823.03 858.47 874.43 848.73 810.31 UP
ANDHRABANK 33.5 32.67 31.83 34.12 34.73 33.28 44.09 DOWN
APOLLOTYRE 250.55 248.83 247.12 252.13 253.72 250.42 268.72 DOWN
ARVIND 401.4 398.05 394.7 404.2 407 400.85 414.3 DOWN
ASHOKLEY 130.85 130.03 129.22 132.18 133.52 131.37 133.39 DOWN
ASIANPAINT 1378.7 1368.6 1358.5 1393.75 1408.8 1383.65 1225.34 UP
AUROPHARMA 687 681.65 676.3 695.55 704.1 690.2 623.66 UP
AXISBANK 649.75 641.25 632.75 660.05 670.35 651.55 546.88 UP
BAJAJ-AUTO 2701.65 2682.57 2663.48 2721.62 2741.58 2702.53 2976.57 DOWN
BAJAJFINSV 6929.9 6888.7 6847.5 6982.4 7034.9 6941.2 5610.64 UP
BAJFINANCE 2926.75 2900.5 2874.25 2973.45 3020.15 2947.2 2016.81 UP
BALKRISIND 1403.85 1386.57 1369.28 1434.57 1465.28 1417.28 1162.34 UP
BALRAMCHIN 76.2 74.2 72.2 77.6 79 75.6 96.92 DOWN
BANKBARODA 150.15 146.8 143.45 152.35 154.55 149 146.86 UP
BANKINDIA 99.85 95.57 91.28 102.42 104.98 98.13 124.03 DOWN
BATAINDIA 1087.2 1076.47 1065.73 1100.77 1114.33 1090.03 787.54 UP
BEL 114.2 113.43 112.67 115.33 116.47 114.57 142.79 DOWN
BEML 818.95 811.63 804.32 825.63 832.32 818.32 1158.43 DOWN
BERGEPAINT 337.1 333.68 330.27 342.63 348.17 339.22 274.17 UP
BHARATFIN 1142.7 1132.65 1122.6 1160.2 1177.7 1150.15 1097.26 UP
BHARATFORG 669 661.47 653.93 677.52 686.03 669.98 694.29 DOWN
BHARTIARTL 383.1 377.5 371.9 386.85 390.6 381.25 420.92 DOWN
BHEL 80.85 79.93 79.02 81.83 82.82 80.92 84.71 DOWN
BIOCON 605.25 598.75 592.25 616.15 627.05 609.65 584.54 UP
BPCL 363.35 359.3 355.25 365.95 368.55 361.9 434.6 DOWN
BRITANNIA 6690 6578.13 6466.27 6788.93 6887.87 6677.07 5393.7 UP
CANBK 286.15 279.83 273.52 290.88 295.62 284.57 296.66 DOWN
CANFINHOME 317.65 315.37 313.08 319.57 321.48 317.28 424.09 DOWN
CAPF 655.3 649.1 642.9 662.45 669.6 656.25 634.38 UP
CASTROLIND 157.95 156.73 155.52 159.78 161.62 158.57 184.83 DOWN
CEATLTD 1404.05 1388.03 1372.02 1429.03 1454.02 1413.02 1563.2 DOWN
CENTURYTEX 960.75 954.17 947.58 968.67 976.58 962.08 1141.13 DOWN
CESC 1004.05 992.68 981.32 1022.58 1041.12 1011.22 999.41 UP
CHENNPETRO 311.6 307.4 303.2 314.8 318 310.6 349.39 DOWN
CHOLAFIN 1462.75 1442.43 1422.12 1477.03 1491.32 1456.72 1447.48 UP
CIPLA 649.45 642.67 635.88 654.07 658.68 647.28 596.18 UP
COALINDIA 285.6 283.28 280.97 289.23 292.87 286.92 280.63 UP
COLPAL 1153.45 1147.97 1142.48 1158.97 1164.48 1153.48 1117.35 UP
CONCOR 632.7 626.8 620.9 642.3 651.9 636.4 659.78 DOWN
CUMMINSIND 777.85 771.6 765.35 782.7 787.55 776.45 773.66 UP
DABUR 479.9 475.42 470.93 484.37 488.83 479.88 366.03 UP
DALMIABHA 2652.05 2621.1 2590.15 2673.45 2694.85 2642.5 2802.95 DOWN
DCBBANK 175.1 173.6 172.1 176.25 177.4 174.75 178.08 DOWN
DHFL 665.35 657.1 648.85 673.9 682.45 665.65 594.38 UP
DISHTV 71 70.38 69.77 71.68 72.37 71.07 74 DOWN
DIVISLAB 1300.85 1276.07 1251.28 1316.32 1331.78 1291.53 1094.89 UP
DLF 221.1 216.1 211.1 224.8 228.5 219.8 216.48 UP
DRREDDY 2380.15 2364.15 2348.15 2407.05 2433.95 2391.05 2215.82 UP
EICHERMOT 27602.15 27272.77 26943.38 28210.72 28819.29 27881.33 28926.21 DOWN
ENGINERSIN 127.7 125.1 122.5 129.4 131.1 126.8 156.91 DOWN
EQUITAS 159 155.12 151.23 162.02 165.03 158.13 147.64 UP
ESCORTS 879.15 870.57 861.98 893.22 907.28 884.63 851.07 UP
EXIDEIND 284.45 281.57 278.68 289.57 294.68 286.68 238.28 UP
FEDERALBNK 80.85 80.03 79.22 81.93 83.02 81.12 94.78 DOWN
FORTIS 148.65 147.53 146.42 149.88 151.12 148.77 144.8 UP
GAIL 376.2 367.17 358.13 382.37 388.53 373.33 349.42 UP
GLENMARK 659.65 647.57 635.48 667.87 676.08 655.78 568.94 UP
GODREJCP 1440.7 1431.57 1422.43 1448.92 1457.13 1439.78 1117.52 UP
GODREJIND 629.7 625.67 621.63 633.87 638.03 629.83 587.5 UP
GRANULES 112.7 110.82 108.93 114.37 116.03 112.48 109.42 UP
GRASIM 1074 1064.67 1055.33 1082.07 1090.13 1072.73 1088.95 DOWN
GSFC 120.55 119.17 117.78 121.47 122.38 120.08 127.02 DOWN
HAVELLS 719.35 709.6 699.85 725.55 731.75 715.8 551.98 UP
HCC 14.6 14.22 13.83 15.12 15.63 14.73 25.37 DOWN
HCLTECH 1016.55 1009.1 1001.65 1028.45 1040.35 1021 939.93 UP
HDFC 1934.15 1920.12 1906.08 1956.32 1978.48 1942.28 1838.51 UP
HDFCBANK 2066.1 2056 2045.9 2082.05 2098 2071.95 1967.6 UP
HDIL 30.4 29.63 28.87 31.73 33.07 30.97 40.39 DOWN
HEROMOTOCO 3223.7 3204.17 3184.63 3249.12 3274.53 3229.58 3564.99 DOWN
HEXAWARE 432.8 427.18 421.57 436.68 440.57 431.07 400.82 UP
HINDALCO 240.25 236.77 233.28 242.67 245.08 239.18 237.24 UP
HINDPETRO 253.05 250.53 248.02 256.63 260.22 254.12 345.12 DOWN
HINDUNILVR 1772.85 1758.63 1744.42 1783.43 1794.02 1769.22 1471.56 UP
HINDZINC 296.9 293.95 291 300.25 303.6 297.3 299.94 DOWN
IBREALEST 152.5 149.8 147.1 154.45 156.4 151.75 192.25 DOWN
IBULHSGFIN 1262.3 1251.4 1240.5 1277.8 1293.3 1266.9 1238.42 UP
ICICIBANK 344.35 339.55 334.75 347.3 350.25 342.5 303.79 UP
ICICIPRULI 377.1 373.73 370.37 382.23 387.37 378.87 398.16 DOWN
ICIL 75.35 74.17 72.98 76.17 76.98 74.98 94.36 DOWN
IDBI 60.95 60.32 59.68 61.52 62.08 60.88 63.44 DOWN
IDEA 49.85 48.98 48.12 50.53 51.22 49.67 74.93 DOWN
IDFC 52.85 52.18 51.52 53.53 54.22 52.87 53.33 DOWN
IDFCBANK 48.55 48.02 47.48 49.17 49.78 48.63 48.38 UP
IFCI 17.2 16.8 16.4 17.5 17.8 17.1 21.09 DOWN
IGL 290.5 286.7 282.9 294.25 298 290.45 292.58 DOWN
INDIACEM 125.8 121.57 117.33 128.62 131.43 124.38 144.91 DOWN
INDIANB 333.85 326.18 318.52 338.08 342.32 330.42 344.64 DOWN
INDIGO 940.7 919.37 898.03 963.17 985.63 941.83 1200.04 DOWN
INDUSINDBK 1875.65 1859.28 1842.92 1899.73 1923.82 1883.37 1809.15 UP
INFIBEAM 228.65 223.83 219.02 235.18 241.72 230.37 164.49 UP
INFRATEL 284.4 281 277.6 286.9 289.4 283.5 329.64 DOWN
INFY 1416.2 1401.05 1385.9 1426.45 1436.7 1411.3 1178.34 UP
ITC 319.85 315.37 310.88 322.47 325.08 317.98 272.42 UP
JETAIRWAYS 286.95 282.3 277.65 290.75 294.55 286.1 566.22 DOWN
JINDALSTEL 222.75 216.25 209.75 228.5 234.25 222 224.16 DOWN
JISLJALEQS 85.6 83.93 82.27 86.83 88.07 85.17 106.93 DOWN
JPASSOCIAT 11.75 11.18 10.62 12.18 12.62 11.62 17.68 DOWN
JSWENERGY 70.4 68.92 67.43 71.52 72.63 70.03 77.31 DOWN
JSWSTEEL 397.9 391.1 384.3 406.75 415.6 399.95 304.36 UP
JUBLFOOD 1526.05 1511.43 1496.82 1551.53 1577.02 1536.92 1167.75 UP
JUSTDIAL 555.8 551.43 547.07 560.73 565.67 556.37 512.58 UP
KOTAKBANK 1278.05 1266.97 1255.88 1285.57 1293.08 1274.48 1165.46 UP
KPIT 296.4 293.85 291.3 299.15 301.9 296.6 235.38 UP
KSCL 641.05 635.07 629.08 646.02 650.98 640.03 534.05 UP
KTKBANK 118.85 117.83 116.82 120.33 121.82 119.32 130.04 DOWN
L&TFH 183.9 182.22 180.53 186.32 188.73 184.63 169.01 UP
LICHSGFIN 525.75 519.83 513.92 529.83 533.92 523.92 531.66 DOWN
LT 1346.55 1339.4 1332.25 1358.3 1370.05 1351.15 1308.38 UP
LUPIN 893.65 882.43 871.22 902.43 911.22 891.22 832.59 UP
M&M 982.95 976.7 970.45 990.4 997.85 984.15 815.94 UP
M&MFIN 492.85 483.83 474.82 498.43 504.02 489.42 470.64 UP
MANAPPURAM 100.7 100.02 99.33 101.37 102.03 100.68 109.15 DOWN
MARICO 370.2 366.33 362.47 375.58 380.97 371.72 325.25 UP
MARUTI 9205.8 9135.63 9065.47 9322.98 9440.17 9252.82 9021.46 UP
MCDOWELL-N 646.45 637.17 627.88 658.77 671.08 649.48 657.75 DOWN
MCX 823.3 815.28 807.27 830.08 836.87 822.07 822.03 UP
MGL 848.25 838.33 828.42 854.48 860.72 844.57 958.13 DOWN
MOTHERSUMI 309.85 307.9 305.95 312.1 314.35 310.15 333.32 DOWN
MRF 73218.8 72761.88 72304.96 73914.83 74610.87 73457.91 73213.42 UP
MRPL 81.4 80.37 79.33 82.17 82.93 81.13 106.73 DOWN
MUTHOOTFIN 409.1 406.13 403.17 412.63 416.17 409.67 417.45 DOWN
NATIONALUM 76.2 74.85 73.5 78 79.8 76.65 72.72 UP
NBCC 72.25 71.62 70.98 73.07 73.88 72.43 99.6 DOWN
NCC 98.25 97.5 96.75 99.5 100.75 98.75 114.94 DOWN
NMDC 109.6 108.07 106.53 110.57 111.53 109.03 122 DOWN
NTPC 169.7 166.58 163.47 171.78 173.87 168.67 167.3 UP
OFSS 4171.9 4156.27 4140.63 4186.27 4200.63 4170.63 3972.23 UP
OIL 213.85 209.47 205.08 216.37 218.88 211.98 227.13 DOWN
ONGC 177.45 175.1 172.75 180.85 184.25 178.5 178.88 DOWN
ORIENTBANK 84.8 80.67 76.53 87.67 90.53 83.53 97.25 DOWN
PCJEWELLER 85.65 84.4 83.15 87.15 88.65 85.9 281.33 DOWN
PEL 3121.45 3093.45 3065.45 3147.15 3172.85 3119.15 2627.11 UP
PETRONET 240.05 235.6 231.15 243.15 246.25 238.7 233.48 UP
PFC 85.3 83.97 82.63 86.32 87.33 84.98 96.21 DOWN
PIDILITIND 1136.4 1128.62 1120.83 1148.57 1160.73 1140.78 988.43 UP
PNB 85.1 83.83 82.57 86.13 87.17 84.87 117.15 DOWN
POWERGRID 196.95 193.5 190.05 199.3 201.65 195.85 197.38 DOWN
PTC 82.55 81.92 81.28 83.47 84.38 82.83 95.18 DOWN
PVR 1369.3 1343.93 1318.57 1397.83 1426.37 1372.47 1340.05 UP
RAMCOCEM 692.8 686.87 680.93 698.62 704.43 692.68 742.55 DOWN
RAYMOND 846.65 829.97 813.28 857.37 868.08 840.68 965.52 DOWN
RBLBANK 626.9 619.27 611.63 638.27 649.63 630.63 522.64 UP
RCOM 18.6 18.12 17.63 19.02 19.43 18.53 19.52 DOWN
RECLTD 119.65 117.37 115.08 121.22 122.78 118.93 130.6 DOWN
RELCAPITAL 464 445.97 427.93 479.02 494.03 460.98 442.11 UP
RELIANCE 1274.45 1264.22 1253.98 1290.92 1307.38 1280.68 980.21 UP
RELINFRA 463.95 438.57 413.18 484.02 504.08 458.63 444.61 UP
REPCOHOME 549.45 542.1 534.75 557.9 566.35 550.55 601.69 DOWN
RPOWER 36.65 34.73 32.82 38.28 39.92 36.37 38.71 DOWN
S&P500 2914.04 2902.79 2891.55 2920.89 2927.75 2909.65 2727.73 UP
SAIL 81.1 79.97 78.83 82.07 83.03 80.93 80.53 UP
SBIN 308.6 306.23 303.87 310.73 312.87 308.37 281.3 UP
SHREECEM 18869.15 18683.97 18498.79 19026.67 19184.18 18841.48 17058.73 UP
SIEMENS 1005.75 994.52 983.28 1024.47 1043.18 1013.23 1111.33 DOWN
SOUTHBANK 17.55 17.33 17.12 17.83 18.12 17.62 25.81 DOWN
SREINFRA 53.85 51.12 48.38 55.47 57.08 52.73 80.04 DOWN
SRF 2040.55 2020.87 2001.18 2072.37 2104.18 2052.68 1899.71 UP
SRTRANSFIN 1342.1 1328.78 1315.47 1358.18 1374.27 1344.87 1402.88 DOWN
STAR 490 482.67 475.33 496.17 502.33 488.83 605.36 DOWN
SUNPHARMA 639.95 627.4 614.85 647.25 654.55 634.7 542.19 UP
SUNTV 765 759.07 753.13 772.72 780.43 766.78 891.68 DOWN
SUZLON 7.05 6.9 6.75 7.25 7.45 7.1 11.09 DOWN
SYNDIBANK 40.6 39.47 38.33 41.47 42.33 40.33 59.69 DOWN
TATACHEM 759.9 747.43 734.97 769.48 779.07 757.02 717.39 UP
TATACOMM 559.45 549.12 538.78 566.67 573.88 556.33 627.05 DOWN
TATAELXSI 1407.3 1391.85 1376.4 1420.25 1433.2 1404.8 1140.22 UP
TATAGLOBAL 236 232.97 229.93 238.17 240.33 235.13 272.26 DOWN
TATAMOTORS 259.35 257.9 256.45 261.9 264.45 260.45 341.37 DOWN
TATAMTRDVR 138.2 137.07 135.93 140.27 142.33 139.13 194.36 DOWN
TATAPOWER 76.1 75.4 74.7 77.1 78.1 76.4 82.69 DOWN
TATASTEEL 608.35 596.27 584.18 615.22 622.08 603.13 619.06 DOWN
TCS 2082.4 2070.27 2058.13 2089.77 2097.13 2077.63 1627.99 UP
TECHM 731.9 722.43 712.97 739.18 746.47 729.72 618 UP
TITAN 878.35 872.57 866.78 887.57 896.78 881.78 878.83 DOWN
TV18BRDCST 45.9 45.15 44.4 46.95 48 46.2 56.52 DOWN
TVSMOTOR 565.85 558.25 550.65 573.05 580.25 565.45 641.1 DOWN
UBL 1420.95 1392.27 1363.58 1444.77 1468.58 1416.08 1124.15 UP
UJJIVAN 352.4 349.03 345.67 357.08 361.77 353.72 380.63 DOWN
ULTRACEMCO 4426.4 4393.27 4360.13 4452.27 4478.13 4419.13 4087.86 UP
UNIONBANK 90.5 87.6 84.7 92.2 93.9 89.3 109.62 DOWN
VEDL 230 227.08 224.17 231.98 233.97 229.07 279.98 DOWN
VGUARD 224.25 222.3 220.35 225.95 227.65 224 224.06 UP
VOLTAS 623.7 618.8 613.9 630.8 637.9 625.9 597.56 UP
WIPRO 298.95 295.3 291.65 301.3 303.65 297.65 285.81 UP
WOCKPHARMA 665.8 646.93 628.07 679.68 693.57 660.82 734.88 DOWN
YESBANK 361.75 356.83 351.92 367.83 373.92 362.92 335.43 UP
ZEEL 508.7 504.8 500.9 511.3 513.9 507.4 562.54 DOWN
Enjoy Your Comfort Zone.
Invest Smart. Build Wealth.
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
www.comfortsecurities.co.in
MCX GOLD
MCX SILVER
MCX CRUDE OIL
MCX COPPER
MCX NATURAL GAS
USD-INR
Forecast and Analysis …Direction at a glance
Enjoy Your Comfort Zone.
Invest Smart. Build Wealth.
Interweek Strategy: Establish long positions between 29751-29901 zone, targeting 30251 and then at 30601-30699 zone. Stop 29451.
Interweek Strategy: Establish long positions between 36551-36751 zone, targeting 37601 and then at 38601-38751 zone. Stop 36101.
Intraday strategy: Establish long positions at CMP, targeting 5045 and then at 5205-5250 zone with stop at 4840.
Interweek strategy: Establish long positions at CMP, targeting 431 and then at 441-447.50 zone with stop at 405.
Interweek Strategy: Buy on any early dips between 197.50-199 zone, targeting 213 and then at 221-225 zone with stop below191.
USD/INR was seen flaring up in yesterday's trade. Buying on dips should be preferred strategy. Interweek strategy: Establish long position between 70.45-70.55 zone, targeting 71 and then aggressive targets at 72.50-73 with stop at 69.69.
30171 29451 28695 30251 30699 Neutral
36900 36451 36101 37601 38751 Neutral
4985 4845 4671 5045 5250 Positive
422 408 393 431 448 Positive
204.60 191.00 185.00 213.00 225.00 Neutral
70.73 70.45 69.70 71.05 73.00 Positive
Oil prices finish higher as U.S. crude supplies fall more than expected. Positive bias.
Instrument TRADING STRATEGYLTP S1 S2 R1 R2
www.comfortsecurities.co.in
GOLD $
SILVER ($)
WTI CRUDE OIL ($ )
EUR/USD
Forecast and Analysis …Sailing global trend
Bias
DOW JONES
US Dollar Index
Enjoy Your Comfort Zone.
Invest Smart. Build Wealth.
Three-day holiday weekend for Wall Street. Labour day holiday on Sept. 3.
Intraday Strategy: Establish short positions between 1223-1227 zone, targeting 1201 zone and then aggressive targets at 1189-1193 zone with stop at 1235.
Intraday Strategy: Establish short positions between 15.07-15.13 zone, targeting 14.56 zone and then aggressive targets at 14.05-14.11 with stop at 15.39.
Intraday Strategy: Establish long positions between 68-69.50 zone, targeting 71.50 and then at 73 with stop at 68.05.
The EUR/USD was seen consolidating in yesterday's trade amidst struggling US Dollar index. Technically, the bias continues to be neutral with initial downside risk at 1.1501. Hurdles continue to be at 1.1900. Selling on strength should be the preferred trading strategy.
The U.S Dollar was seen attempting a rebound in yesterday's trade amidst value buying. We shift our bias to neutral on the US Dollar Index. Hurdles at 97.50. Downside well supported at 92.50. Major weakness now only below 92.50.
Wall Street was seen retreating in yesterday's trade as buying appetite was seen waning ahead of a three-day holiday weekend and after a series of repeated records. Key hurdle now seen at 26451. The near term bias continues to be positive.
1205 1201 1189 1227 1233 Neutral
14.79 14.56 14.05 15.27 15.95 Neutral
70.11 68.95 67.5 71.5 73.05 Positive
1.1658 1.1501 1.1215 1.1751 1.1900 Neutral
94.80 92.50 90.00 97.50 99.00 Neutral
26070 25445 23501 26451 27901 Positive
www.comfortsecurities.co.in
DAILY PIVOT TABLE
Enjoy Your Comfort Zone.
Invest Smart. Build Wealth.
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
151.05 148.85 146.65 152.7 154.35 143.29 142.2 DOWN
1359.4 1345.37 1331.33 1378.17 1396.93 1047.23 1284.5 UP
4596 4567 4538 4633 4670 4250.67 4570 UP
3910 3869.67 3829.33 3971.67 4033.33 3914.64 4197 UP
421.95 419.98 418.02 424.53 427.12 446.63 411.5 DOWN
22990 22863.33 22736.67 23183.33 23376.67 21013.7 23610 UP
4926 4857 4788 4965 5004 4317.87 4715 DOWN
30188 30060.67 29933.33 30257.67 30327.33 30199.34 29609 UP
9018 8845.67 8673.33 9124.67 9231.33 8785.79 9478 UP
4206.5 4112 4017.5 4263 4319.5 4059.6 4435 DOWN
19295 19060 18825 19440 19585 17784.35 18400 DOWN
146.3 145.28 144.27 146.88 147.47 158.43 142.65 UP
1771.7 1710.33 1648.97 1804.03 1836.37 1472.14 1630.4 UP
202.7 200.53 198.37 204.33 205.97 188.55 207.6 UP
944.7 939.43 934.17 952.93 961.17 895.54 952.2 DOWN
3960 3939.67 3919.33 3991.67 4023.33 4013.89 4103 DOWN
37135 36985 36835 37250 37365 38830.2 37480 DOWN
2709 2709 2709 2709 2709 3619.22 2651 DOWN
3189 3167 3145 3202 3215 3461.47 3263 UP
178 176.38 174.77 179.03 180.07 205.5 173.3 DOWN
Friday31st August, 2018
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: info@comfortsecurities.co.in
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.
Recommended