Comfort Securities Limited Daily Research Reports · 2018-08-17 · RELIANCE CAPITAL, RELIANCE INFRA, SBI, SYNDICATE BANK, UNION BANK OF INDIA. ... • Dilip Buildcon's Q1 net profit

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Welcome Note

Friday17th August, 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 Friday's trading action at Dalal Street, dated 17th

of August 2018.

Our call of the day says bulls are back in the game! The risk-reward favours longs. Amidst

this backdrop, Nifty may aim its all-time-high at 11,495.20 mark.

The key positive catalysts:

1. China and the U.S. apparently have agreed to discuss trade.

2. Concerns around Turkey seen easing.

3. Strong overnight Wall Street cues.

4. Subdued crude-oil prices at around $65 a barrel amidst rising US crude inventories.

STOCKS TO WATCH:

1. Our chart of the day suggests establishing long positions in stocks like STRIDE

SHASUN (STAR), VGUARD and DLF with interweek perspective.

• Bullish stocks: UBL, AMARA RAJA BATTERY, DHFL, NCC, VGUARD, AUROBINDO

PHARMA, GRASIM, BHARAT FINANCIAL, KPIT, TATA ELXSI.

• Bearish stocks: BANK OF BARODA, BANK OF INDIA, BHEL, CANARA BANK, IRB,

JAIN IRRIGATION, JP ASSOCIATE, MRF, ORIENTAL BANK OF COMMERCE,

RELIANCE CAPITAL, RELIANCE INFRA, SBI, SYNDICATE BANK, UNION BANK OF

INDIA.

• Show Me the Money: Buy STRIDES SHASUN (CMP 431.80): STAR is seen

rebounding from an extremely oversold conditions. Momentum oscillators shifting

in buy mode. Key hurdles at 451. Interweek Strategy: Buy between 425-429 zone,

targeting 451 zone and then at 495-501 zone with stop below 415.

• Nifty’s Pharma index was star performer in Thursday's trading session, ending

1,20% up at 9505. The Nifty Pharma index has increased 9% over last one year

compared to the 16.75% spike in benchmark Nifty 50 index. In this space, we like

Aurobindo Pharma, Strides Shasun & Biocon with intermonth perspective.

Maruti Suzuki has hiked car prices by up to Rs 6,100 (ex-showroom Delhi) effective

August 16.

• MTNL's Q1 loss at Rs 943.4 crore versus loss of Rs 703.2 crore; revenue down 25.1

percent at Rs 492.3 crore versus Rs 657.2 crore (YoY).

• Dilip Buildcon's Q1 net profit at Rs 255.5 crore versus Rs 122.2 crore; revenue up

46.4 percent at Rs 2,436.3 crore versus Rs 1,664.1 crore (YoY).

• Stocks banned in F&O segment for today: ADANI ENT, ADANI POWER, JET

AIRWAYS, JAIN IRRIGATION

Q1 TO TRICKLE IN:

• Friday: IL&Fs Invest Mgr. Ltd.

FII & DII DATA:

• As per Thursday’s provisional data available on the NSE, Foreign institutional

investors (FIIs) sold shares worth Rs 825.08 crore while domestic institutional

investors bought shares worth Rs 133.78 crore in the Indian equity market.

Outlook for Friday: Positive session on cards.

SGX Nifty is indicating a higher open for our stock markets on backdrop of positive global

cues.

11385 -0.44%

27827 -0.70%

10831 0.26%

31731 0.02%

3076 -0.55%

15044 0.23%

2817 -1.38%

5103 0.15%

3337 -2.27%

9595 1.20%

274 -0.51%

7449 -0.58%

37663 -0.50%

11439 0.15%

Positive session likely.

Positive (11351-11471)

Neutral (10900-11701)

Neutral (12001)

11319 & 11231

11471 & 11557

11231



Technical Strategy


There are signs of stabilization at Turkey’s currency crisis, and amidst this positive

backdrop, investors will focus on healthy domestic economy and the strong corporate

results.

Technically, the must watch supports are at 11,313. Any successive close below 11,313 will

trigger larger waterfall of selling with larger declines towards 10,900-10,950 zone. Hurdles

are at 10501 mark.

Long story short: Nifty will aim its all-time-highs at 11,495.20.

Global cues:

• In Thursday’s trade, Wall Street closed firmly higher, with the Dow having its best

day in four months, on strong corporate earnings from Walmart Inc. and Cisco

Systems Inc. News that the U.S. and China are prepared to resume trade talks next

week also bolstered investors’ sentiment.

Commodity Cues:

• In commodities, Oil prices traded sluggish in Thursday's trade, weighed down by a

report of increased U.S. crude inventories and as a darkening economic outlook

stoked expectations of lower fuel demand.

Also, Turkey’s currency crisis appeared to put some indirect pressure on crude-oil

prices, with market participants tying modest weakness partly to a stronger dollar.

Escalating trade disputes are casting a shadow over the outlook for economic

growth and pushing up the dollar, the currency in which oil is traded internationally,

making it more expensive for consumers using other currencies.

• Copper prices too were seen tumbling in yesterday's session unable to stage any

rebound from its lowest level in a year.

• Gold prices have fallen to an 18-month low amidst strength in U.S Dollar which hit a

14-month high. Silver too has tumbled to multi year lows.

Currencies & Bonds:

• The U.S Dollar index was in limelight and was perceived as safe heaven as it

continued to trade near the 14-month high despite Turkey’s lira stablizing near its

historic lows.

• Turkey’s lira rebounded on Thursday -- for a third straight session, even as the

animosity between Ankara and Washington appeared to escalate.

• In Thursday’s trade, the rupee slipped 26 paise to close below the 70-mark for the

first time. The Indian rupee collapsed to a historic intra-day trading low of 70.40

before closing at fresh life-time low of 70.15 per dollar

Worries due to Turkish economic crisis and a sharp plunge in the lira were the key

negative catalysts. USD/INR (69.90): Interweek strategy: Establish long position

between 69.70-69.75 zone, targeting 70.50 and then aggressive targets at 72.50-

73 with stop at 68.87.

Macro Watch:

1. As per recent data, it appears that China is feeling the brunt of trade war. The

China's Shanghai Composite has fallen into a bear market since June while Wall

Street indices are still hovering near record highs on backdrop of strong U.S.

economy which is seen firing on all cylinders amidst low unemployment and solid

GDP growth. Also, the Q2 U.S earning season was quite robust.

TATA ELXSI

Action

Target

Support

Resistance

Holding Period

1434.15

Buy on dips.

1501

1375/1321

1501/1587

21 days

In Tuesday’s trade, Tata Elxsi enjoyed a strong

session, up 1.37%. In yesterday's session, the

stock ended almost unchanged after a positive

session.

Technically, Tata Elxsi is attempting a major

breakout on daily charts from an higher

consolidation zone.

The stock is in consolidation mode and the

momentum oscillators will shift on buy mode on

any move above 1455 and such up move needs to

be backed by increases in volumes.

Key support to watch in near term is at 1375 zone.

Medium term supports seen at 1321 zone.

Intermonth perspective: Establish long

positions at CMP, and on dips between 1395-1405

zone, targeting 1455 zone and then at 1501 and

final aggressive targets at 1587 zone with strict

stop at 1371.




Net-net, it appears that U.S. will dominate China, the more the conflict prolongs.

• India's crude oil import bill is likely to jump by about USD 26 billion in 2018-19 as rupee dropping to a record low has made buying of oil from

overseas costlier, government officials said today. Besides, the rupee hitting a record low of 70.32 to a US dollar in the opening deal today will

also lead to a hike in the retail selling price of petrol, diesel and cooking gas (LPG).

India, which imports over 80 per cent of its oil needs, spent USD 87.7 billion (Rs. 5.65 lakh crore) on importing 220.43 million tonne (MT) of

crude oil in 2017-18. For 2018-19, the imports are pegged at almost 227 MT.

• All anxious eyes will continue to be on the progress on monsoon. The street will also keep a close eye on the movement of Indian Rupee and

the Crude-Oil prices as that could influence investors’ sentiment.

• The rupee had touched an all-time low of 7010 against the dollar on concerns about contagion from Turkey spilling over to other emerging

markets. A weaker currency complicates the Reserve Bank of India’s job of keeping prices in check.

What Technical Tells Us on Nifty: Nifty ended Thursday’s session with modest losses, down 0.44% amidst weak global cues.

The market breadth, indicating the overall health of the market, was also negative. The BSE Mid-Cap index fell 0.48%. The BSE Small-Cap index fell

0.20%. Both these indices outperformed the Sensex.

Technically speaking, the must watch support levels are placed at 11,319 & then at 11,231. The technical landscape will worsen only if Nifty slips

below the 10,901 mark as that would open the door to massive technical selling, possibly quickly to the 10,501-10,601 zone.

Going forward, the intraday bias shifts to neutral/positive amidst suspected short covering action. Nifty’s monthly chart shows that there's further

room to go up, amidst latest breakout set-up after the long consolidative phase. The momentum technical indicators are in bullish mode.

For the day, we believe, Nifty will trade with slight positive bias with downside well supported at 11319 mark. Hurdles continue to be at

psychological 11,501 mark. Intraday hurdles at 11,471 mark.

The price action for Nifty is suggesting that we are likely to see an 11,301-11,551 range in near term with positive bias.

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

Establish long positions as we suspect, Nifty will aim its all-time-highs.

Preferred trade on Nifty: Nifty (11485): Buy at CMP, targeting 11471 and then at 11545-11551 zone with stop at 11301.

Preferred trade on Bank Nifty: Bank Nifty (27827): Establish short positions between 28101-28251 zone, targeting 27551 zone and then at

27001-27101 zone with strict stop at 28551.

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 653. Momentum oscillators signaling major strength. Interweek Strategy: Buy between 627-631 zone, targeting 645-653 zone and then at 691-701 zone with stop below 617.

Berger Paints enjoyed a strong session in Thursday's trade, up 1.76%. Key intraday support seen at 322.50. Interweek Strategy: Buy between 325-327.50 zone, targeting 335 and then at 345-351 zone. Stop below 321.05.

Momentum osillators continue to signal strength. DHFL is aiming to close above its all-time-high at 1096 mark. Interweek Strategy: Buy between 1107-1115 zone, targeting 1145 and then more aggressive targets located at 1195-1207 zone. Stop below 1101.

STAR is seen rebounding from an extremely oversold conditions. Momentum oscillators shifting in buy mode. Key hurdles at 451. Interweek Strategy: Buy between 425-429 zone, targeting 451 zone and then at 495-501 zone with stop below 415.

The stock is signaling a major breakout from a probable 'flag patterm' on the daily charts. Interweek Strategy: Establish long positions between 207-211 zone, targeting 225 and then aggressive targets located at 245-251 zone. Stop below 205.45.

VGUARD & STRIDES SHASUN likely to to race higher! Establish long positions with interweek perspective.

AUROBINDO PHARMA

BERGER PAINTS

PIDILITE

STRIDES SHASHUN (STAR)

VGUARD

635.3 618 592.5 653 701 Positive

329.7 322.5 317.5 335 351 Positive

1118.8 1107 1081 1145 1207 Positive

431.8 415 399 451 501 Positive

215.15 209 199 225 251 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: The benchmark Nifty ended Thursday's session with modest losses, but were seen paring

yesterday's morning losses on backdrop of two key catalysts: 1. Reports that China has agreed to take part in trade negotiations with the U.S. later this

month, easing fears of a trade war.2. Optimism grew on the ongoing currency crisis in Turkey which showed signs of stabilizing. Amongst broader indices, the BSE Midcap index fell by 0.48% whereas the Small Cap Index fell by

0.20%. Both the indices outperformed the Sensex.

Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE Healthcare Index (up

0.96%), BSE IT Index (up 0.58%), BSE Teck Index (up 0.38%).

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

2.18%), BSE Capital Goods Index (down 1.05%), BSE Consumer Durables Index (down -0.96%).

Amongst stock specific action, positive bias was seen in stocks like Gail (up 3.61%), Dr. Reddy

(3.47%), Sun Pharma (up 3.19%)

Among stocks drifting down were: Kotak Bank (down 3.71%), Vedanta (down 2.84%), ZEEL

(down 500.65%)

Maximum Call Open Interest (OI) stands at 11500 Strike Price, followed by 11400 Strike Price for

August Series. Short buildup in calls for strike price 11450-11600 was seen for August expiry.

Maximum Put Open Interest (OI) was seen at strike price 11000 followed by 11,200 strike price for

August series. Short covering in Puts was seen at 11300 -11650 strike prices for August series.

As per Thursday’s provisional data for cash available on the NSE, Foreign institutional investors

(FIIs) sold shares worth Rs. 825.08 crores. Domestic institutional investors bought shares worth

Rs. 133.78 crores in the Indian equity market.

Now for today’s trade, we expect bulls' at Dalal Street to regroup amidst positive global backdrop

after the sharp rebound witnessed in Turkish lira.

Long story short: Nifty will aim to reclaim its all-time-highs at 11,495 mark.

Highest OI Nifty: Calls 11500: 45.80 L - Puts 11000: 51.82

Highest OI Bank Nifty: Calls 29000: 6.63 L - Puts 27500: 9.08 L

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

Long Buildup: DLF, GAIL, STAR, AUROBINDO, INFY.

Short Buildup: SAIL, NALCO, EQUITAS, VEDL, CHOLAFIN.

Short Covering: BHARTI AIRTEL, TATA MOTORS, BERGER PAINTS, GRASIM, SRTFIN.

Long Unwinding: RELCAP, DHFL, VOLTAS, CHENNAIPETRO, TATACOMM.

Stocks banned in F&O segment for today: ADANI ENT, ADANI POWER, JET AIRWAYS, JAIN

IRRIGATION.

New In Ban: JAIN IRRIGATION.

Out of Ban: PNB.

Future Call: SELL CHOLAMANDALAM AUGUST FUTURES at CMP

1463.05. Targets 1443 and then at 1416. Stop: 1477. Holding

Period: Intraday. Analyst ’s Remark: Breaking Down

(Cholamandalam August Futures CMP 1463.05).

Option Call: BUY BANK NIFTY 30th AUGUST PE strike price 27700

at CMP 184.50. Profit: Unlimited. Maximum loss per lot: Rs. 7380.

Stop: Exit Put Option if Bank Nifty closes above 28100 (Bank Nifty

August Futures CMP 27936).

11385.05 (-0.44%)

27826.55 (-0.70%)

13.6450 (+2.73%)

+32 vs +29

2.93 crores (+3.05%)

25.21 lakhs (-0.18%)

3153.48 3130.16

34143.23 31003.12

1776484 749496

186629 18126

787838 57550

15045570 1644446

717191 56361

16737228 1776484

Calls in lakhs (%Change)

11500 45.8 (+9%)

11400 32.16 (+10%)

11600 31.95 (+2%)

Puts in lakhs (% Change)

11400 31.16 (-5%)

11300 40.11 (-4%)

11200 44.75 (-3%)


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 11385.05 11350.92 11316.78 11434.52 11483.98 11400.38 10613.25 UP

BANKNIFTY 27826.55 27733 27639.45 27966.6 28106.65 27873.05 25882.37 UP

NIFTYMID50 5102.5 5068.9 5035.3 5133.65 5164.8 5100.05 5153.09 DOWN

ACC 1559.05 1539.57 1520.08 1571.27 1583.48 1551.78 1567.5 DOWN

ADANIENT 202.9 198.93 194.97 206.43 209.97 202.47 158.45 UP

ADANIPORTS 370.3 367.03 363.77 373.83 377.37 370.57 393.96 DOWN

AJANTPHARM 1188.2 1166.87 1145.53 1204.12 1220.03 1182.78 1261.72 DOWN

ALBK 39.55 38.82 38.08 40.47 41.38 39.73 56.02 DOWN

AMARAJABAT 855 842.93 830.87 866.53 878.07 854.47 803 UP

ANDHRABANK 31.55 30.92 30.28 32.37 33.18 31.73 45.57 DOWN

APOLLOTYRE 263.45 260.93 258.42 266.68 269.92 264.17 267.77 DOWN

ARVIND 398 393.85 389.7 403.3 408.6 399.15 415.21 DOWN

ASHOKLEY 126.2 124.83 123.47 127.78 129.37 126.42 133.02 DOWN

ASIANPAINT 1394.8 1384.53 1374.27 1407.53 1420.27 1397.27 1215.22 UP

AUROPHARMA 635.3 626.55 617.8 642 648.7 633.25 628.09 UP

AXISBANK 623.45 611.47 599.48 635.22 646.98 623.23 542.11 UP

BAJAJ-AUTO 2667.5 2639 2610.5 2687 2706.5 2658.5 3000.09 DOWN

BAJAJFINSV 7076 7014.73 6953.47 7168.63 7261.27 7107.37 5519.52 UP

BAJFINANCE 2856.6 2816.43 2776.27 2902.38 2948.17 2862.22 1966.73 UP

BALKRISIND 1395.1 1349.2 1303.3 1426.5 1457.9 1380.6 1141.18 UP

BALRAMCHIN 71.55 70.83 70.12 72.43 73.32 71.72 101.16 DOWN

BANKBARODA 142.7 140.23 137.77 146.38 150.07 143.92 147.77 DOWN

BANKINDIA 88.85 87.23 85.62 90.98 93.12 89.37 128.63 DOWN

BATAINDIA 1007.05 991.23 975.42 1017.18 1027.32 1001.37 775.76 UP

BEL 114.85 113.33 111.82 117.33 119.82 115.82 145.79 DOWN

BEML 796.1 784.73 773.37 808.73 821.37 797.37 1199.93 DOWN

BERGEPAINT 329.7 322.57 315.43 334.42 339.13 327.28 270.66 UP

BHARATFIN 1208.95 1200.27 1191.58 1216.57 1224.18 1207.88 1088.02 UP

BHARATFORG 619.2 610.82 602.43 626.87 634.53 618.48 696.94 DOWN

BHARTIARTL 372 366.8 361.6 375.6 379.2 370.4 427.46 DOWN

BHEL 72.6 71.63 70.67 73.63 74.67 72.67 85.52 DOWN

BIOCON 597.65 591.13 584.62 602.03 606.42 595.52 574.79 UP

BPCL 378.3 374.37 370.43 383.12 387.93 379.18 441.97 DOWN

BRITANNIA 6494.15 6440.17 6386.18 6534.07 6573.98 6480.08 5299.81 UP

CANBK 267.6 262.87 258.13 274.02 280.43 269.28 301.93 DOWN

CANFINHOME 313.15 309.57 305.98 317.72 322.28 314.13 430.41 DOWN

CAPF 607.85 593.67 579.48 617.52 627.18 603.33 638.37 DOWN

CASTROLIND 153.75 152.4 151.05 155.7 157.65 154.35 186.82 DOWN

CEATLTD 1438.25 1424.37 1410.48 1453.57 1468.88 1439.68 1576.57 DOWN

CENTURYTEX 911.55 901.42 891.28 925.27 938.98 915.13 1160.14 DOWN

CESC 912.85 901.33 889.82 925.38 937.92 913.87 1000.38 DOWN

CGPOWER 59.2 58.28 57.37 60.33 61.47 59.42 77.24 DOWN

CHENNPETRO 302.2 299.22 296.23 306.97 311.73 303.98 356.18 DOWN

CHOLAFIN 1464.95 1439.9 1414.85 1498.1 1531.25 1473.05 1437.64 UP

CIPLA 648.35 635.07 621.78 660.82 673.28 647.53 595.13 UP

COALINDIA 282.7 279.7 276.7 286 289.3 283 280.54 UP

COLPAL 1140.5 1129.8 1119.1 1147.4 1154.3 1136.7 1111.97 UP

CONCOR 645.7 639.42 633.13 652.57 659.43 646.28 661.79 DOWN

CUMMINSIND 669.15 665.15 661.15 674 678.85 670 779.87 DOWN

DABUR 444.9 440.45 436 452.6 460.3 448.15 360.15 UP

DALMIABHA 2535.95 2498.45 2460.95 2590 2644.05 2552.5 2816.09 DOWN

DCBBANK 165.1 163.25 161.4 167.7 170.3 165.85 178.43 DOWN

DHFL 648.35 640.33 632.32 660.03 671.72 652.02 593.33 UP

DISHTV 68.6 66.13 63.67 70.58 72.57 68.12 74.24 DOWN

DIVISLAB 1164.4 1148.07 1131.73 1173.77 1183.13 1157.43 1082.97 UP

DLF 206.7 200.55 194.4 210.85 215 204.7 216.31 DOWN

DRREDDY 2353.45 2295.72 2237.98 2386.32 2419.18 2328.58 2214.62 UP

EICHERMOT 28803.85 28451.93 28100.02 29312.88 29821.92 28960.97 29045.36 DOWN

EQUITAS 139.65 137.57 135.48 142.27 144.88 140.18 147.4 DOWN

ESCORTS 869.5 861.43 853.37 880.13 890.77 872.07 843.52 UP

EXIDEIND 290.2 286.7 283.2 296.6 303 293.1 234.31 UP

FEDERALBNK 89.7 88.38 87.07 90.73 91.77 89.42 96.34 DOWN

FORTIS 148.45 146.28 144.12 150.33 152.22 148.17 144.42 UP

GAIL 393.8 382.13 370.47 402.43 411.07 390.77 348.03 UP

GLENMARK 583.25 577.8 572.35 588.35 593.45 582.9 567.7 UP

GMRINFRA 17.65 17.17 16.68 18.22 18.78 17.73 18.51 DOWN

GODREJCP 1335.35 1304.93 1274.52 1356.63 1377.92 1326.22 1097.67 UP

GODREJIND 610.6 601.2 591.8 616.9 623.2 607.5 585.34 UP

GRANULES 106.5 103.97 101.43 108.57 110.63 106.03 110.46 DOWN

GRASIM 999.45 984.15 968.85 1012.35 1025.25 997.05 1097.8 DOWN

GSFC 110.85 109.8 108.75 112.3 113.75 111.25 128.72 DOWN

HAVELLS 681.45 673.55 665.65 693.9 706.35 686 542.7 UP

HCC 12.45 11.58 10.72 13.28 14.12 12.42 26.44 DOWN

HCLTECH 997.25 988.1 978.95 1010.6 1023.95 1001.45 932.78 UP

HDFC 1891.2 1874.33 1857.47 1922.28 1953.37 1905.42 1830.62 UP

HDFCBANK 2075.7 2065.83 2055.97 2086.13 2096.57 2076.27 1955.95 UP

HDIL 30.6 26.93 23.27 32.68 34.77 29.02 41.68 DOWN

HEROMOTOCO 3282.65 3243.68 3204.72 3313.03 3343.42 3274.07 3585.01 DOWN

HEXAWARE 482.8 478.88 474.97 488.58 494.37 484.67 394.68 UP

HINDALCO 216.1 213.63 211.17 218.43 220.77 215.97 238.99 DOWN

HINDPETRO 266.15 262.98 259.82 271.58 277.02 268.42 353.08 DOWN

HINDUNILVR 1737.4 1728.02 1718.63 1749.37 1761.33 1739.98 1447.91 UP

HINDZINC 276.05 272.4 268.75 279.35 282.65 275.7 301.21 DOWN

IBREALEST 146.4 142.67 138.93 150.57 154.73 146.83 195.88 DOWN

IBULHSGFIN 1259.95 1245.22 1230.48 1280.82 1301.68 1266.08 1235.98 UP

ICICIBANK 334.3 328.97 323.63 339.42 344.53 334.08 302.6 UP

ICICIPRULI 387.6 382.9 378.2 395.65 403.7 390.95 398.41 DOWN

ICIL 79.5 77.27 75.03 80.97 82.43 78.73 96.05 DOWN

IDBI 61.4 59.5 57.6 63.3 65.2 61.4 63.53 DOWN

IDEA 50.6 49.92 49.23 51.82 53.03 51.13 77.08 DOWN

IDFC 49.9 49.47 49.03 50.42 50.93 49.98 53.79 DOWN

IDFCBANK 45.35 44.07 42.78 46.17 46.98 44.88 48.84 DOWN

IFCI 16.1 15.95 15.8 16.3 16.5 16.15 21.45 DOWN

IGL 276.95 272.6 268.25 284.1 291.25 279.75 293.98 DOWN

INDIACEM 111.8 109.45 107.1 113.7 115.6 111.35 147.69 DOWN

INDIANB 336.85 331.8 326.75 343.85 350.85 338.8 345.8 DOWN

INDIGO 1050.05 1041.4 1032.75 1059.85 1069.65 1051.2 1208.56 DOWN

INDUSINDBK 1984.2 1973.93 1963.67 1994.68 2005.17 1984.42 1795.98 UP

INFIBEAM 197.65 194.62 191.58 200.32 202.98 197.28 162.08 UP

INFY 1429.55 1415.57 1401.58 1439.22 1448.88 1425.23 1157.39 UP

IOC 158.5 157.1 155.7 160.95 163.4 159.55 180.38 DOWN

IRB 190.4 188.08 185.77 193.28 196.17 190.97 228.68 DOWN

ITC 307.45 305.53 303.62 308.93 310.42 307.02 270.24 UP

JETAIRWAYS 300.25 291.52 282.78 306.47 312.68 297.73 581.1 DOWN

JINDALSTEL 191.85 188.7 185.55 195.8 199.75 192.65 222.14 DOWN

JISLJALEQS 75.7 72.67 69.63 81.07 86.43 78.03 108.08 DOWN

JPASSOCIAT 13.1 12.78 12.47 13.48 13.87 13.17 17.94 DOWN

JSWENERGY 68.45 66.97 65.48 70.72 72.98 69.23 77.96 DOWN

JSWSTEEL 328.15 324.3 320.45 334.55 340.95 330.7 300.13 UP

JUBLFOOD 1509.55 1493.2 1476.85 1532.7 1555.85 1516.35 1135.39 UP

JUSTDIAL 574.3 568.87 563.43 580.87 587.43 575.43 508.31 UP

KOTAKBANK 1245.4 1234.77 1224.13 1264.02 1282.63 1253.38 1153.89 UP

KPIT 296.95 294.08 291.22 300.23 303.52 297.37 229.1 UP

KSCL 614.3 606.62 598.93 625.47 636.63 617.78 530.51 UP

KTKBANK 118.8 117.12 115.43 121.07 123.33 119.38 131.83 DOWN

L&TFH 176.5 174.95 173.4 178.1 179.7 176.55 169.51 UP

LICHSGFIN 551.1 541.53 531.97 560.63 570.17 551.07 533.94 UP

LT 1231.65 1217.55 1203.45 1254.2 1276.75 1240.1 1303.51 DOWN

LUPIN 849.75 833.27 816.78 858.97 868.18 842.48 835.2 UP

M&M 951.25 941.75 932.25 963 974.75 953.5 802.73 UP

M&MFIN 473.45 465.63 457.82 484.63 495.82 476.82 468.37 UP

MANAPPURAM 102.6 101.65 100.7 103.5 104.4 102.55 109.1 DOWN

MARICO 363.3 359.73 356.17 368.33 373.37 364.77 322.59 UP

MARUTI 9200.55 9111.72 9022.88 9262.67 9324.78 9173.83 8976.82 UP

MCDOWELL-N 627.35 617.3 607.25 636.2 645.05 626.15 656.83 DOWN

MCX 857.45 846.43 835.42 871.18 884.92 860.17 829.51 UP

MGL 927.1 915.03 902.97 948.58 970.07 936.52 974.24 DOWN

MOTHERSUMI 302.1 296.07 290.03 306.87 311.63 300.83 335.82 DOWN

MRF 73164.7 72776.51 72388.3 73876.41 74588.1 73488.2 72861.48 UP

MUTHOOTFIN 411.8 406.1 400.4 416.7 421.6 411 421.21 DOWN

NATIONALUM 68.1 66.88 65.67 70.18 72.27 68.97 73.56 DOWN

NBCC 75.3 72.6 69.9 76.9 78.5 74.2 102.38 DOWN

NCC 101.5 98.85 96.2 103.7 105.9 101.05 115.28 DOWN

NMDC 101.6 100.12 98.63 103.17 104.73 101.68 122.99 DOWN

NTPC 158.55 156.8 155.05 159.65 160.75 157.9 167.99 DOWN

OFSS 4021.75 3987.73 3953.72 4051.88 4082.02 4017.87 3949.14 UP

OIL 205.05 203.37 201.68 206.87 208.68 205.18 228.76 DOWN

ONGC 164.45 163.33 162.22 166.08 167.72 164.97 179.75 DOWN

ORIENTBANK 76.65 75.32 73.98 78.67 80.68 77.33 99.73 DOWN

PCJEWELLER 98.9 97.17 95.43 101.67 104.43 99.93 293.2 DOWN

PEL 2711.45 2649.97 2588.48 2803.47 2895.48 2741.98 2616.3 UP

PETRONET 218.8 216.9 215 222 225.2 220.1 234.91 DOWN

PFC 81 79.8 78.6 83 85 81.8 98.7 DOWN

PIDILITIND 1118.8 1110.47 1102.13 1126.07 1133.33 1117.73 971.89 UP

PNB 81.55 79.22 76.88 83.32 85.08 80.98 122.18 DOWN

POWERGRID 187.7 186.53 185.37 189.43 191.17 188.27 198.2 DOWN

PTC 83.15 82.13 81.12 84.23 85.32 83.22 96.87 DOWN

PVR 1291.7 1279.1 1266.5 1306.9 1322.1 1294.3 1342.07 DOWN

RAMCOCEM 659.75 653.57 647.38 668.47 677.18 662.28 743.98 DOWN

RAYMOND 771.4 761.1 750.8 779.85 788.3 769.55 972.01 DOWN

RBLBANK 571.25 561.57 551.88 580.37 589.48 570.68 518.4 UP

RCOM 18.55 17.12 15.68 20.67 22.78 19.23 19.4 DOWN

RECLTD 108.75 107.17 105.58 111.22 113.68 109.63 133.11 DOWN

RELCAPITAL 427.3 421.57 415.83 434.87 442.43 429.13 446.56 DOWN

RELIANCE 1200.8 1192.2 1183.6 1212.7 1224.6 1204.1 964.63 UP

RELINFRA 402.8 397.57 392.33 411.02 419.23 405.78 447.06 DOWN

REPCOHOME 607.55 597.7 587.85 615.7 623.85 605.85 602.99 UP

RPOWER 32.15 31.7 31.25 32.75 33.35 32.3 38.99 DOWN

SAIL 74.45 73.23 72.02 76.08 77.72 74.87 80.67 DOWN

SBIN 292.7 289.17 285.63 297.32 301.93 293.78 281.88 UP

SHREECEM 17014.9 16877.73 16740.57 17224.33 17433.77 17087.17 17079.17 DOWN

SIEMENS 1002.85 993.9 984.95 1013.35 1023.85 1004.4 1121.43 DOWN

SOUTHBANK 18.05 17.77 17.48 18.32 18.58 18.03 26.4 DOWN

SREINFRA 47.15 45.8 44.45 49.05 50.95 47.7 82.82 DOWN

SRF 1961.15 1923.07 1884.98 1987.12 2013.08 1949.03 1886.41 UP

SRTRANSFIN 1319.75 1301.1 1282.45 1344.2 1368.65 1325.55 1399.66 DOWN

STAR 431.8 419.8 407.8 439.1 446.4 427.1 620.43 DOWN

SUNPHARMA 619.7 607.37 595.03 626.87 634.03 614.53 538.32 UP

SUNTV 785.25 772.85 760.45 794.8 804.35 782.4 895.86 DOWN

SUZLON 7.2 7.07 6.93 7.32 7.43 7.18 11.49 DOWN

SYNDIBANK 37.8 37.02 36.23 38.87 39.93 38.08 61.82 DOWN

TATACHEM 694.95 677.67 660.38 708.57 722.18 691.28 717.05 DOWN

TATACOMM 558.05 552.6 547.15 566.2 574.35 560.75 633.18 DOWN

TATAELXSI 1434.15 1420.33 1406.52 1450.98 1467.82 1437.17 1115.43 UP

TATAGLOBAL 239.35 236.2 233.05 242.25 245.15 239.1 271.91 DOWN

TATAMOTORS 251.3 246.77 242.23 254.32 257.33 249.78 349.45 DOWN

TATAMTRDVR 134.5 133.3 132.1 135.9 137.3 134.7 199.12 DOWN

TATAPOWER 67.15 66.58 66.02 68.13 69.12 67.57 83.19 DOWN

TATASTEEL 567.55 561.63 555.72 575.08 582.62 569.17 622.79 DOWN

TCS 2008.5 1995.65 1982.8 2020.7 2032.9 2007.85 1596.1 UP

TECHM 668.65 661.7 654.75 678.15 687.65 671.2 607.17 UP

TITAN 919.45 914.63 909.82 926.63 933.82 921.82 870.38 UP

TV18BRDCST 47.25 46.62 45.98 48.17 49.08 47.53 56.38 DOWN

TVSMOTOR 519.3 514.88 510.47 523.33 527.37 518.92 648.11 DOWN

UBL 1395.35 1336.4 1277.45 1434 1472.65 1375.05 1111 UP

UJJIVAN 343.7 340.33 336.97 347.73 351.77 344.37 380.9 DOWN

ULTRACEMCO 4213.5 4180.68 4147.87 4265.68 4317.87 4232.87 4089.67 UP

UNIONBANK 84.4 82.9 81.4 86.7 89 85.2 113.35 DOWN

UPL 609.65 603.9 598.15 618.65 627.65 612.9 710.32 DOWN

VEDL 208.8 205.8 202.8 211.35 213.9 208.35 284.93 DOWN

VOLTAS 607.85 603.23 598.62 614.53 621.22 609.92 594.77 UP

WIPRO 279.45 276.67 273.88 283.62 287.78 280.83 286.12 DOWN

WOCKPHARMA 618.5 609.42 600.33 625.67 632.83 616.58 736.73 DOWN

YESBANK 378.45 373.48 368.52 384.13 389.82 379.17 332.44 UP

ZEEL 500.45 490.77 481.08 512.57 524.68 502.88 563.84 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 continues to be neutral amidst strength in U.S Dollar. Confirmation of strength only above 29901. Interweek Strategy: Establish long positions only above 29901, targeting 30501 and then at 30700-30711 zone. Stop 28751.

Silver prices were seen drifting in yesterday's trade. Major buying advised only above 38501. Interweek Strategy: Establish long positions only above 37851, targeting 39251-39451 zone and then at 39953 mark. Stop 36801.

Bias continues to be negative for MCX Crude oil. Key hurdle now at 4721. Intraday strategy: Establish short positions at CMP, targeting 4501 and then at 4250-4305 zzone with stop at 4771.

Copper prices slipped in yesterday's trade. Intraday support now seen at 405. Confirmation of strength only above 427.50. Interweek strategy: Establish long positions at CMP, targeting 427.50 and then at 439-441 zone with stop at 393.

We maintain buy on dips strategy for Natural Gas. Key support at 185. Hurdles now at 225. Interweek Strategy: Buy on any early dips between 197-203 zone, targeting 213 and then at 221-225 zone with stop belo w185.

USD/INR now trading at all time highs. Buying on dips should be preferred strategy. Interweek strategy: Establish long position between 69.70-69.75 zone, targeting 70.50 and then aggressive targets at 72.50-73 with stop at 68.87.

29427 28751 28200 29901 30101 Neutral

37180 36800 35751 37851 39953 Neutral

4565 4400 4175 4721 4900 Negative

409 405 393 428 445 Positive

203.50 185.00 179.00 225.00 249.00 Neutral

70.16 69.53 69.02 70.50 73.00 Positive

USD/INR at all time highs. Buying on dips should continue to be the preferred trading 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, boosted by earnings and hopes of a US-China trade deal.

Gold prices ended on a subdued note in yesterday's trade amidst strength in U.S Dollar index. Hurdles now seen at 1211. Confirmation of strength only above 1227.50. Intraday Strategy: Establish short positions between 1201-1205 zone, targeting 1181-1185 zone and then aggressive targets at 1160 with stop at 1213.

Silver prices too ended with negative bias in yesterday's trade, tracking weak trend in gold prices. Intraday Strategy: Establish short positions between 1495-15.05 zone, targeting 14.56 zone and then aggressive targets at 14.05-14.11 with stop at 15.39.

Crude-oil prices were seen trading at lower levels, struggling for direction amidst global growth concerns. Downside risk remains at 60. Intraday Strategy: Establish short positions between 66-66.50 zone, targeting 64 and then at 60 with stop at 69.05.

The EUR/USD attempted a rebound in yesterday's trade amidst value buying at oversold zone. Technically, the bias continues to be negative with initial downside risk at 1.1215. Hurdles continue to be at 1.1630. Selling on strength should be the preferred trading strategy.

We continue to maintain positive on the US Dollar Index.Hurdles at 97.50. Downside well supported at 95. Major weakness now only below 92.50. Immediater upside targets loctaed at 99.

Dow Jones surged in early Thursday trade, as strong corporate earnings helped to overshadow Turkey's currency crisis and as China and the U.S. appeared set to resume trade talks. Key hurdle now seen at 26125. Bias shifts to neutral.

1187 1181 1160 1211 1228 Negative

14.65 14.56 14.05 15.27 15.95 Negative

65.32 64 60 67.5 70 Negative

1.1394 1.1215 1.0980 1.1630 1.1900 Negative

96.45 95.00 92.50 97.50 99.00 Positive

25522 23405 22501 25650 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

142.55 141 137.95 145.57 146.83 142.94 139.27 DOWN

1309 1089.97 1059.53 1181.27 1242.13 1031.43 1095 UP

4554 4521.33 4488.67 4598.33 4642.67 4240.23 4531 UP

4291 4261.67 4232.33 4326.67 4362.33 3949 4138 UP

409 405 393 420.78 425.52 448.16 430.47 UP

23540 23201 23001 23853.33 23966.67 20764.6 23730 DOWN

4582 4505 4271 4721 4834.67 4264.84 4773 DOWN

29397 29151 28751 29821.33 29907.67 30187.51 29865.5 DOWN

9622 9431.33 9240.67 9751.33 9880.67 8714.59 9224 DOWN

4468.5 4382.67 4296.83 4526.67 4584.83 4024.08 4254 UP

19160 19033.33 18906.67 19293.33 19426.67 17748.45 19820 UP

141.8 140.05 137.45 145.07 149.28 159.41 148.95 DOWN

1672 1622.2 1591.8 1689 1725.4 1463.62 1534 DOWN

203.45 197.5 191 209.17 210.73 188.53 198.2 UP

936.7 931.7 926.7 945 953.3 888.46 928.05 UP

4108 4102.67 4097.33 4115.67 4123.33 4006.64 4151 UP

37030 36881 36001 37894.66 37990.33 38967.8 38299 DOWN

2709 2709 2709 2709 2709 3619.22 2651 DOWN

3317 3281 3245 3354 3391 3440.71 3501 UP

167.1 165.05 162.45 172.45 175.97 207.31 181.3 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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Comfort Securities Limited Daily Research Reports · 2018-08-17 · RELIANCE CAPITAL, RELIANCE INFRA, SBI, SYNDICATE BANK, UNION BANK OF INDIA. ... • Dilip Buildcon's Q1 net profit