Comfort Securities Limited Daily Research Reports · 2018-10-10 · The big picture of Dalal Street 04-07 Stock Of The Day: (F & O) 08-09 Equity Derivatives 10 Daily Pivot Table (Equities)

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Welcome Note

Wednesday10th October, 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 Wednesday's trading action at Dalal Street, dated

10th of October 2018.

Early indication at SGX Nifty is suggesting that Dalal Street will start the day on a strong

footing.

The big question: Will gains hold?

Technically speaking, Nifty may blossom only if it closes above the 10,401 mark.

Aggressive buying advised only above Nifty's hurdles at 10,401 mark. The biggest intraday

support placed at 10,259.

Now coming to rescue of the bulls camp is the State Bank Of India's decision to buy non-

banking financial companies (NBFCs) assets to the tune of Rs. 45,000 crore, a move that

will provide liquidity support to the companies in the sector facing headwinds after a series

of loan defaults by Infrastructure Leasing & Financial Services (IL&FS) group firms.

This move should alleviate liquidity concerns of non-banking financing companies (NBFCs)

to a great extent. NBFCs along with mutual funds have been facing a liquidity crunch

following a series of loan repayment default since late September by IL&FS and its group

companies.

Dalal Street may stage a powerful reversal in today's trade. But still optimism likely to be

missing in broader markets as weakening Indian Rupee continues to be a particular

headwind to Dalal Street.

Also denting sentiments are the International Monetary Fund (IMF) reports where they

cut global growth outlook for the first time since 2016, in part because of rising trade

tensions between the world’s two largest economies.

Also commanding attention would be the implication of higher U.S bond yields on equities.

The U.S bond yields will remain in focus.

Our call of the day is suggesting that investors will wrestle with tanking Indian Rupee

against extremely oversold technical conditions.

On backdrop of unabated foreign fund outflows, the Indian Rupee is at another record low

of 74.39 against the U.S Dollar. Well, it is a no brainer to continue expecting uncertain times

in our financial markets, until we can knock off these three black swans off the front page:

1. The widening trade deficit.

2. The depreciating Indian Rupee.

3. The boiling oil prices.

Long story short: Buying advised only if Nifty closes above 10,401 mark.

Outlook for Wednesday: Positive start

Dalal Street may consolidate in today's trade after a positive open.

Momentum stocks will most probably see-saw between sharp losses and modest gains as

investors brace themselves with prospects of higher interest rates (both locally and

globally) with the impending earnings season, which should provide some good news

about companies' bottom lines.

Focus will immediately shift to the following catalysts:

1. The upcoming assembly elections in five states: Madhya Pradesh,

Rajasthan, Chhattisgarh, Mizoram and Telangana. The Election Commission (EC) on

Saturday announced the dates for the Rajasthan, Madhya Pradesh, Chhattisgarh,

Telangana and Mizoram Assembly polls. While Chhattisgarh will go to the polls in

two phases on November 12 and 20, the Madhya Pradesh and Mizoram Assembly

10301 -0.45%

24528 -0.37%

8733 -2.63%

27150 -2.01%

2827 -0.08%

15370 0.42%

2398 2.13%

4368 0.03%

3374 1.03%

9638 1.40%

200 -0.99%

5756 -0.24%

34299 -0.51%

10359 0.46%

Positive start.

Neutral (10245-10425)

Neutral (9750-11001)

Neutral (11901)

10271 & 10000

10501 & 10811

11575



Technical Strategy


elections will be held on November 28. Polling in Rajasthan and Telangana will be

held on December 7. Counting of votes will be held across all the five states on

December 11.

2. Q2 results of corporate India: Q2 earnings to trickle in this week are:

• Wednesday: Bandhan Bank, Zee Enterprises.

• Thursday: TCS

• Friday: Hindustan Unilever, Karnataka Bank, Avenue Supermart, Jay Bharat Mauti,

TATA sponge, AU Small Finance Bank.

STOCKS TO WATCH:

• Our chart of the day suggests establishing long positions in stocks like SRF, SUN

PHARMA and JUBILANT FOODS with interweek perspective.

• Bullish stocks: JUBILANT FOODS, YES BANK, DHFL, BAJAJ FINANCE.

• Bearish stocks: AMARA RAJA BATTERY, MAHANAGAR GAS (MGL), HPCL, BPCL,

IOC, RAMCO CEMENTS, ENGINEERS INDIA, EQUITAS, INDIA CEMENT,

WOCKHARDT, REC, PFC.

• Show Me the Money: Buy SRF (1699): SRF enjoyed a strong session in Tuesday's

trade, up 2.19%. Key intraday support seen at 1671. Interweek Strategy: Buy at

CMP, targeting 1775-1789 zone and then aggressive targets at 1901. Stop below

1649.

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

Tata Motors fell 13.40% in yesterday's trade after Jaguar Land Rover (JLR) reported

total retail sales of 57,114 vehicles in September 2018, down 12.3% year on year

despite strong sales for new models including the Range Rover Velar and the Jaguar

I-PACE and E-PACE.

GLOBAL CUES:

• The Dow Jones index traded mostly lower in Tuesday's trade as investors continued

to fret over the implication of higher bond yields on equities. Technically, Dow faces

major hurdles at 27200.

FII/DII & OPTIONS DATA:

• As per Tuesday’s Provisional Data available on the NSE, FII’s sold shares worth Rs.

1242.46 crores in the Indian Equity Market. DIIs on the other hand bought shares

worth Rs. 1526 crores in the Indian Equity market.

• As per option data, key resistance level for the September series for Nifty are at

10,800 strike price as maximum call open interest of 31.66 lakh contracts were seen

at the 10,800 strike price. Maximum Put open interest of 41.64 lakh contracts was

seen at the 10,000 strike price. This will act as a crucial support level for the October

series.

COMMODITY CUES:

• Crude Oil prices settled higher in yesterday's on signs that Iran crude exports are

falling ahead of reimposed sanctions.

• Copper prices were seen trading firm in Tuesday's trade amidst value buying. Bias

continues to be positive. MCX COPPER (463): Interweek strategy: Establish long

positions on dips between 453-455 zone, targeting 471 and then finally at 481-485

zone with stop at 439.05.

• Gold prices were seen trading range bound in yesterday's trade. Hurdles now seen

at 1205. Confirmation of major strength only above 1227. Interweek Strategy: Sell

between 1201-1205 zone, targeting 1181 and then at 1171 with stop above 1209..

Vindhiya Telelinks was seen attempting a

rebound, up 1.44% in Tuesday’s trade. In last two

trading sessions, the stock was seen flaring up

7%.

Vindhiya Telelinks stock price is in a bullish

position where it wants to ascent above its major

hurdles placed at 1357. The stock price is

signaling a rebound from an oversold zone on the

daily charts. The momentum oscillators are

shifting in buy mode and recent increase in

volumes are indicating a sharp up move. Key

support to watch in near term is at 1200-1221

zone.

Establishing long positions at CMP, and on dips

between 991-1000 zone, targeting 1357. Above

1357, the stock is likely to aim 1475-1501 levels.

Stop below 971. Holding Period: 3 Months.

VINDHYA TELELINKS

Action

Target

Support

Resistance

Holding Period

1300

BUY

1501

1200/945

1501/1751

90 Days.




MACRO WATCH:

• The IMF presented its World Economic Outlook on Tuesday. IMF Managing Director Christine Lagarde has warned that trade wars and

tighter credit are darkening the global outlook.

• Moody’s Investors Service said on Tuesday that the excise duty cut on petrol and diesel is “credit negative” for India as it will reduce the

government’s revenue, This will lead to an increase in fiscal deficit by 0.1 percent to 3.4 percent of gross domestic product in the financial

year 2018-19, the rating agency said.

The earnings of public sector oil marketing companies would be “negatively affected” as they also absorbed the Re 1 per litre cut in their

pricing, Moody’s said.

• Amongst macroeconomic events, India's industrial production (IIP) data for August and retail inflation (CPI) prints for September will be

released this Friday, 12th October 2018. Industrial production grew 6.6% in July, backed by the good performance of the manufacturing

sector and higher offtake of capital goods and consumer durables. The street is expecting the IIP numbers to remain the same for August

also. Please note, if the numbers are higher than the August month then that should infuse positive sentiment at Dalal Street.

• The landscape is bit scary especially on the escalating trade tension between U.S-China. This catalyst could be the real villain rattling

worldwide stock markets. The heightened tensions between U.S. -China could not only hamper U.S. economic growth but derail the global

economy at large. At the time of writing, a tit-for-tat tariff battle between Beijing and Washington remains intact.

CURRENCIES & BONDS:

• In Tuesday's trade, the Indian Rupee was seen tanking against the US dollar to a fresh record low of 74.39 intraday.

The Rupee may weaken further as the U.S. dollar is seen strengthening further against most of its major rivals.

The culprit: Italian budget drama. Nervousness seen in Euro/USD after Italian government debt is under selling pressure after

European Union officials criticized the Italian government’s fiscal plans, reinforcing expectations for a budget clash with Brussels. Investors

are also weighing the prospect of near-term downgrades to Italy’s credit rating. Investors will also have to wrestle with fears amidst fears

about rapidly rising rates in the U.S.

• Ascent in U.S Dollar index: The U.S Dollar index is seen gaining momentum on backdrop of Italian budget turmoil which knocked EURO

lower!

What Technical Tells Us on Nifty:

Amidst volatility, the benchmark Nifty ended with modest losses in final hour of yesterday's trade to end in red, down 0.45%. Broader markets

were seen ttrading with negative bias. The the BSE Mid-Cap index fell 0.16%. The BSE Small-Cap index fell 0.45%.

Technically speaking, key support for the day on Nifty is at 10,201 mark. The technical landscape will worsen further if Nifty closes below the

10,201 mark as that would open the door to massive technical selling, possibly quickly towards the 9,951-10,001 zone.

The intraday bias is neutral/negative and selling on any corrective strength should be the preferred strategy.

The make or break hurdles are at 10,811 mark. Intraday hurdles at 10,401 mark.

The best way to trade this market is to establish long positions only above Nifty 10,801 mark. Until then, makes sense to keep books light. Also, we

believe, this market has much work to do to be on the ultra-bullish side

again, so the best strategy is to wait it out.

The price action for Nifty is suggesting that we are likely to see an 10,150-

10,811 range in near term with neutral bias.

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

Volatility likely to be the hallmark of today's trade.

Preferred trade on Nifty: Nifty (10301): Buy at CMP, targeting 10401

zone and then aggressive targets at 10501-10801 zone with stop at 10197.

Preferred trade on Bank Nifty: Bank Nifty (24528): Buy at CMP,

targeting 25001 zone and then aggressive targets at 25600-26001 zone

with stop at 23901.

Daily Chart of the day



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 1205. Momentum oscillators signaling major strength. Interweek Strategy: Buy at CMP, targeting 1205 and then at 1265-1271 zone with stop below 1119.

The stock has signaled a major rebound from a lower consolidation on daily charts. Interweek Strategy: Establish long positions between 193-196 zone, targeting 207.50 and then aggressive targets located at 221-225.50 zone. Stop below 191.

Momentum osillators continue to signal strength. SUN PHARMA is aiming to close above its itermediate high at 679 mark. Interweek Strategy: Buy at CMP, targeting 623 and then more aggressive targets located at 639-645 zone. Stop below 591.

SRF enjoyed a strong session in Tuesday's trade, up 2.19%. Key intraday support seen at 1671. Interweek Strategy: Buy at CMP, targeting 1775-1789 zone and then aggressive targets at 1901. Stop below 1649.

The recent sequence of lower high low is intact on intraday and daily charts. Momentum oscillators signalling weakness. Interweek strategy: Establish short positions between 76-77.50 zone, targeting 72 zone and then aggressive targets at 67.50-68 zone with stop at 79.65.

Dalal Street looks to start the day on a strong footing! SRF on buy side!!

JUBILANT FOODS

KPIT

SUN PHARMA

SRF

PFC

1153.4 1127.5 1091 1205 1271 Positive

199 193 182.5 207.5 225 Positive

609.75 597.5 585 623 645 Positive

1699 1671 1621 1789 1901 Positive

74.15 72 67.5 77.05 83 Negative



EQUITY DERIVATIVESLooking into the future from present.

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

Nifty Spot

Bank Nifty Future

VIX

Premium

Nifty Future OI

Bank Nifty Spot OI

BSE Cash Vol. (Rs. in Cr)

NSE Cash Vol.(Rs. in Cr)

NSE Derivative Vol. (Rs. in Cr)

Index Future Volumes

Stock Future Volumes

Index Option Volumes

Stock Option Volumes

Total

Cash Volumes (INR in Cr.)

YesterdayDay Before Yesterday

Derivatives Vol.(INR in Cr.)

No of contracts

Turnover (Rs. In cr.)

Major Changes in Nifty Options (OI)

Market Summary:

The benchmark Nifty ended Tuesday’s volatile and choppy trading session on a negative

note, down 0.45% at 10301.05. However the sectoral performance was rather a mixed

bag where Media & Pharma stocks were in plus whereas Auto and FMCG were on the

decline. The world markets too showed no signs of recovery in yesterday’s trade. Only

Shangai Index posted a modest gain of 0.17%.

Amongst Broader Indices, the BSE Midcap Index was down 0.16%. The BSE Smallcap

Index was down 0.45%. Both the indices outperformed the Sensex.

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

1.01%), BSE Healthcare Index (up 1.00%), BSE Teck Index (up 0.23%)

Amongst the sectoral indices, underperforming the Sensex/Nifty were BSE Consumer

Durables Index (down 3.91%), BSE Auto Index (down 2.62%), BSE Oil & Gas Index

(down 1.92%)

Amongst stock specific action, positive bias was seen in stocks like DR REDDY (up

5.36%), ZEEL (up 4.58%), BAJFINANCE (up 4.36%)

Among stocks drifting down were: TATA MOTORS (down 13.09%), TITAN (down 7.93%),

HINDPETRO (down 4.32%)

Maximum Call Open Interest (OI) stands at 11000 Strike Price, followed by 10800 Strike

Price for October Series. Call writing continued at 10400-10650 strike prices for October

Series.

Maximum Put Open Interest (OI) was seen at strike price 10000 followed by 10500 strike

price for October series. Short covering in Puts was seen at 10400-11000 strike price for

October Series.

As per Tuesday’s Provisional Data available on the NSE, FII’s sold shares worth Rs.

1242.46 crores in the Indian Equity Market. DIIs on the other hand bought shares worth

Rs. 1526 crores in the Indian Equity market.

Highest OI Nifty: Calls 11000: 47.26 L - Puts 10000: 41.64

Highest OI Bank Nifty: Calls 25000: 5.73 L - Puts 24500: 5.79 L

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

Long Buildup: BAJFIN, LUPIN, HDFC.

Short Buildup: TATA MOTORS, BANK OF BARODA, TITAN, SAIL, HEXAWARE.

Short Covering: DHFL, CANFINHOME, IBHSGFIN, STAR, DR REDDY.

Long Unwinding: ITC, MCX, BATA.

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

New In Ban: NIL.

Out of Ban: NIL.

Future Call: SELL DLF OCTOBER FUTURES between 157-159 zone.

Targets at 147 and then at 140. Stop: 164. Holding Period: Intraday.

Analyst’s Remark: Breaking Down (DLF October Futures CMP

153.50).

Option Call: BUY NIFTY OCTOBER PE strike price 10100 at CMP

102. Profit: Unlimited. Maximum Loss: Rs. 7,650. Stop: Exit Put

Option if Nifty moves above 10450. (Nifty October Futures CMP

10304.30).

10301.05 (-0.45%)

24527.65 (-0.37%)

19.7550 (-1.95%)

+03 vs +33

1.95 crores (-3.85%)

13.39 lakhs (-7.21%)

3113.53 3372.19

33887.09 39122.53

712977 794667

298658 25374

997880 57611

6366138 590012

657346 39980

8320022 712977

Calls in lakhs (% Change)

10500 29.98 (+10%)

10600 22.91 (+17%)

10400 15.8 (+32%)

Puts in lakhs (% Change)

10000 41.64 (+6%)

10300 18.69 (+4%)

10200 17.97 (-1%)


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 10301.05 10254.4 10207.75 10372.65 10444.25 10326 10779.88 DOWN

BANKNIFTY 24527.65 24408.4 24289.15 24703.4 24879.15 24584.15 26097.01 DOWN

NIFTYMID50 4368.55 4312.8 4257.05 4419.3 4470.05 4363.55 5125.26 DOWN

ACC 1465.85 1443 1420.15 1491.3 1516.75 1468.45 1539.98 DOWN

ADANIENT 135.9 130.93 125.97 139.28 142.67 134.32 129.14 UP

ADANIPORTS 318.75 306.17 293.58 327.67 336.58 315.08 386.04 DOWN

AJANTPHARM 1005.8 981.98 958.17 1029.78 1053.77 1005.97 1237.01 DOWN

ALBK 33.85 33.18 32.52 34.48 35.12 33.82 49.53 DOWN

AMARAJABAT 734.1 721.83 709.57 742.18 750.27 729.92 809.41 DOWN

ANDHRABANK 25.95 25.5 25.05 26.6 27.25 26.15 39.99 DOWN

APOLLOTYRE 201.4 198.03 194.67 206.38 211.37 203.02 266.78 DOWN

ARVIND 300.05 290.47 280.88 308.22 316.38 298.63 405.64 DOWN

ASHOKLEY 110.85 108.22 105.58 112.57 114.28 109.93 134.31 DOWN

ASIANPAINT 1201.4 1176.3 1151.2 1241.2 1281 1216.1 1243.26 DOWN

AUROPHARMA 766.75 745.28 723.82 779.93 793.12 758.47 631.81 UP

AXISBANK 552.85 546.7 540.55 561.45 570.05 555.3 555.76 DOWN

BAJAJ-AUTO 2548.85 2522.75 2496.65 2582.5 2616.15 2556.4 2918.04 DOWN

BAJAJFINSV 5429.1 5276.27 5123.43 5580.97 5732.83 5428.13 5747.09 DOWN

BAJFINANCE 2060.85 1967.05 1873.25 2135.25 2209.65 2041.45 2104.72 DOWN

BALKRISIND 982.1 967.75 953.4 1000.7 1019.3 986.35 1164.93 DOWN

BALRAMCHIN 85 81.08 77.17 87.93 90.87 84.02 87.11 DOWN

BANKBARODA 93.25 90.9 88.55 97.35 101.45 95 140.55 DOWN

BANKINDIA 75.4 73.63 71.87 77.08 78.77 75.32 110.88 DOWN

BATAINDIA 865.85 847.58 829.32 897.03 928.22 878.77 818.18 UP

BEL 75.9 74.22 72.53 78.17 80.43 76.48 130.98 DOWN

BEML 545.45 530.33 515.22 564.28 583.12 549.17 1044.09 DOWN

BERGEPAINT 272.7 267.73 262.77 276.78 280.87 271.82 280.01 DOWN

BHARATFIN 996.45 984.03 971.62 1005.93 1015.42 993.52 1110.03 DOWN

BHARATFORG 564.8 554.63 544.47 572.33 579.87 562.17 686.3 DOWN

BHARTIARTL 289 285.03 281.07 294.93 300.87 290.97 402.84 DOWN

BHEL 70.25 68.4 66.55 71.8 73.35 69.95 82.72 DOWN

BIOCON 587.15 574.6 562.05 603.85 620.55 591.3 609.25 DOWN

BPCL 257.2 252.23 247.27 265.13 273.07 260.17 414.86 DOWN

BRITANNIA 5511.25 5411.97 5312.68 5644.72 5778.18 5545.43 5537.35 DOWN

CANBK 216.2 211.63 207.07 220.33 224.47 215.77 280.68 DOWN

CANFINHOME 234.25 220.53 206.82 247.48 260.72 233.77 400.94 DOWN

CAPF 451.05 438.28 425.52 462.78 474.52 450.02 617.17 DOWN

CASTROLIND 137.5 135.38 133.27 139.23 140.97 137.12 178.76 DOWN

CEATLTD 1057.65 1035.32 1012.98 1087.52 1117.38 1065.18 1500.09 DOWN

CENTURYTEX 738.35 719.9 701.45 758.45 778.55 740 1085.94 DOWN

CESC 836 817.17 798.33 851.32 866.63 832.48 989.9 DOWN

CGPOWER 40.65 39.5 38.35 42 43.35 40.85 71.82 DOWN

CHOLAFIN 1064.55 1037.13 1009.72 1094.48 1124.42 1067.07 1448.01 DOWN

CIPLA 639.35 628.7 618.05 646.55 653.75 635.9 602.88 UP

COALINDIA 273.95 269.07 264.18 278.27 282.58 273.38 281.5 DOWN

COLPAL 1049.75 1027.9 1006.05 1062 1074.25 1040.15 1124.73 DOWN

CONCOR 598.45 568.23 538.02 621.68 644.92 591.47 656.17 DOWN

CUMMINSIND 665.85 648.33 630.82 680.28 694.72 662.77 755.91 DOWN

DABUR 392.4 380.57 368.73 407.47 422.53 395.63 378.84 UP

DALMIABHA 2076.55 2021.75 1966.95 2129.65 2182.75 2074.85 2721.55 DOWN

DCBBANK 143.3 140.22 137.13 146.17 149.03 143.08 175.01 DOWN

DHFL 245.05 206.48 167.92 270.53 296.02 231.97 577.41 DOWN

DISHTV 54.1 52.4 50.7 55.45 56.8 53.75 71.85 DOWN

DIVISLAB 1248.05 1223.27 1198.48 1285.02 1321.98 1260.23 1130.25 UP

DLF 153.5 152 150.5 155.4 157.3 153.9 211.69 DOWN

DRREDDY 2454.15 2371.73 2289.32 2506.78 2559.42 2424.37 2247.03 UP

EICHERMOT 21085.7 20530.95 19976.2 21910.8 22735.9 21356.05 28513.23 DOWN

ENGINERSIN 102.1 99.02 95.93 106.32 110.53 103.23 149.12 DOWN

EQUITAS 114.1 109.5 104.9 117.25 120.4 112.65 146.9 DOWN

ESCORTS 567.8 551.6 535.4 580.85 593.9 564.65 854.17 DOWN

EXIDEIND 242.45 237.83 233.22 249.93 257.42 245.32 246.2 DOWN

FEDERALBNK 70.75 69.07 67.38 71.87 72.98 70.18 90.29 DOWN

FORTIS 132.75 132.05 131.35 133.95 135.15 133.25 145.15 DOWN

GAIL 333.5 327.8 322.1 342.8 352.1 337.1 351.79 DOWN

GLENMARK 590.15 579.63 569.12 602.63 615.12 592.12 579.79 UP

GMRINFRA 15.7 15.4 15.1 16.1 16.5 15.8 18.6 DOWN

GODREJCP 669.1 640.23 611.37 701.48 733.87 672.62 794.81 DOWN

GODREJIND 451.6 433.78 415.97 484.63 517.67 466.82 585.37 DOWN

GRANULES 91.7 89.32 86.93 94.27 96.83 91.88 107.09 DOWN

GRASIM 902.05 873.9 845.75 932.05 962.05 903.9 1070.89 DOWN

GSFC 88.5 86.5 84.5 90.5 92.5 88.5 122.9 DOWN

HAVELLS 563.85 550.73 537.62 579.48 595.12 566.37 566.9 DOWN

HCC 11.25 10.93 10.62 11.53 11.82 11.22 22.38 DOWN

HCLTECH 1068.4 1048.22 1028.03 1083.82 1099.23 1063.63 967.95 UP

HDFC 1712.75 1678.23 1643.72 1740.63 1768.52 1706.12 1856.44 DOWN

HDFCBANK 1940.6 1925.4 1910.2 1960.4 1980.2 1945.2 1988.37 DOWN

HDIL 19.05 18.63 18.22 19.43 19.82 19.02 36.33 DOWN

HEROMOTOCO 2891.75 2863.97 2836.18 2925.72 2959.68 2897.93 3502.03 DOWN

HEXAWARE 390.9 377.45 364 406.9 422.9 393.45 414.19 DOWN

HINDALCO 224.25 219.3 214.35 228.75 233.25 223.8 236.23 DOWN

HINDPETRO 171.25 166.83 162.42 178.83 186.42 174.42 322.59 DOWN

HINDUNILVR 1512.45 1479.97 1447.48 1557.47 1602.48 1524.98 1513.66 DOWN

HINDZINC 273.45 269.5 265.55 276.2 278.95 272.25 299.1 DOWN

IBREALEST 86.65 85 83.35 88.15 89.65 86.5 181.17 DOWN

IBULHSGFIN 946.3 920.47 894.63 975.07 1003.83 949.23 1224.91 DOWN

ICICIBANK 306.25 302.2 298.15 311.1 315.95 307.05 304.79 UP

ICICIPRULI 316.95 310.8 304.65 322.3 327.65 316.15 394.76 DOWN

IDBI 58.8 58.18 57.57 59.23 59.67 58.62 63.01 DOWN

IDEA 34.45 33.57 32.68 35.22 35.98 34.33 68.42 DOWN

IDFC 36.7 35.6 34.5 37.75 38.8 36.65 51.46 DOWN

IDFCBANK 33.6 32.8 32 34.35 35.1 33.55 46.73 DOWN

IFCI 12.15 11.82 11.48 12.42 12.68 12.08 19.89 DOWN

IGL 224.1 220.68 217.27 227.18 230.27 223.77 285.31 DOWN

INDIACEM 92.6 89.85 87.1 94.75 96.9 92 137.37 DOWN

INDIANB 225.7 221.2 216.7 232.1 238.5 227.6 330.09 DOWN

INDIGO 724.45 680.97 637.48 777.97 831.48 734.48 1162.45 DOWN

INDUSINDBK 1607.9 1592.32 1576.73 1621.27 1634.63 1605.68 1822.98 DOWN

INFIBEAM 58.6 55.03 51.47 61.73 64.87 58.17 165.59 DOWN

INFRATEL 266.5 261 255.5 272.95 279.4 267.45 316.24 DOWN

INFY 717.75 706.13 694.52 725.88 734.02 714.27 618.27 UP

IOC 122.65 119.73 116.82 126.13 129.62 123.22 172.24 DOWN

IRB 125.1 120.73 116.37 128.98 132.87 124.62 218.58 DOWN

ITC 268.5 265.67 262.83 273.42 278.33 270.58 277.58 DOWN

JETAIRWAYS 175.75 168.63 161.52 183.43 191.12 176.32 510.41 DOWN

JINDALSTEL 175.1 170.2 165.3 179.15 183.2 174.25 229.79 DOWN

JISLJALEQS 63.2 61.02 58.83 64.87 66.53 62.68 102.47 DOWN

JPASSOCIAT 6.3 6.05 5.8 6.5 6.7 6.25 16.51 DOWN

JSWENERGY 58.85 56.85 54.85 60.3 61.75 58.3 75.35 DOWN

JSWSTEEL 371.4 362.83 354.27 380.88 390.37 372.32 321.75 UP

JUBLFOOD 1153.4 1131.67 1109.93 1184.47 1215.53 1162.73 1224.57 DOWN

JUSTDIAL 425.65 405.67 385.68 459.32 492.98 439.33 510.67 DOWN

KOTAKBANK 1108.45 1087.13 1065.82 1128.13 1147.82 1106.82 1186.84 DOWN

KPIT 199.6 192.2 184.8 205.6 211.6 198.2 247.92 DOWN

KSCL 481.6 465.77 449.93 501.67 521.73 485.83 541.35 DOWN

KTKBANK 97.45 95.68 93.92 100.23 103.02 98.47 124.29 DOWN

L&TFH 123.8 120.03 116.27 127.03 130.27 123.27 165.37 DOWN

LICHSGFIN 402.95 395.07 387.18 412.92 422.88 405.03 516.2 DOWN

LT 1221.05 1212.32 1203.58 1232.92 1244.78 1224.18 1320.66 DOWN

LUPIN 868.9 849.1 829.3 885.6 902.3 865.8 842.36 UP

M&M 764.8 755.92 747.03 778.07 791.33 769.18 839.56 DOWN

M&MFIN 370.85 361.48 352.12 380.43 390.02 371.07 468.18 DOWN

MANAPPURAM 69.5 67.07 64.63 71.37 73.23 68.93 106.83 DOWN

MARICO 294.6 284.8 275 309.6 324.6 299.8 329.13 DOWN

MARUTI 6699.45 6593.63 6487.82 6872.63 7045.82 6766.82 8952.68 DOWN

MCDOWELL-N 462.2 444.02 425.83 474.57 486.93 456.38 644.49 DOWN

MCX 668.85 655.85 642.85 687.7 706.55 674.7 796.44 DOWN

MGL 792.15 776.8 761.45 805.7 819.25 790.35 923.41 DOWN

MOTHERSUMI 235.35 227.38 219.42 243.93 252.52 235.97 322.36 DOWN

MRF 61997.3 60871.53 59745.77 62911.53 63825.77 61785.77 73093.8 DOWN

MRPL 63.45 61.38 59.32 65.38 67.32 63.32 100.48 DOWN

MUTHOOTFIN 373.05 357.7 342.35 386.7 400.35 371.35 415.2 DOWN

NATIONALUM 61.2 60.27 59.33 62.37 63.53 61.43 71.2 DOWN

NBCC 52.7 51.25 49.8 55 57.3 53.55 91.32 DOWN

NCC 69.75 67.92 66.08 71.77 73.78 69.93 111.24 DOWN

NMDC 107.2 105.75 104.3 109.3 111.4 107.85 120.44 DOWN

NTPC 161.7 160.07 158.43 164.17 166.63 162.53 165.96 DOWN

OFSS 3955.35 3893.57 3831.78 4008.57 4061.78 3946.78 4016.41 DOWN

ONGC 146.65 144.1 141.55 150.55 154.45 148 177.8 DOWN

ORIENTBANK 60.05 58.32 56.58 61.47 62.88 59.73 90.42 DOWN

PCJEWELLER 56.7 54.85 53 59.15 61.6 57.3 241.61 DOWN

PEL 2164.25 2082.53 2000.82 2226.73 2289.22 2145.02 2625.67 DOWN

PETRONET 211.85 209.5 207.15 214.9 217.95 212.55 230.86 DOWN

PFC 74.15 72.55 70.95 75.75 77.35 74.15 91.06 DOWN

PIDILITIND 914.25 879.07 843.88 965.37 1016.48 930.18 1017.99 DOWN

PNB 62.65 61.47 60.28 63.87 65.08 62.68 103.99 DOWN

POWERGRID 186.55 184.75 182.95 188.9 191.25 187.1 195.96 DOWN

PTC 68.15 66.52 64.88 69.47 70.78 67.83 90.22 DOWN

PVR 1208 1187.35 1166.7 1225.7 1243.4 1205.05 1336.75 DOWN

RAMCOCEM 602.55 589.57 576.58 616.77 630.98 603.78 735.65 DOWN

RAYMOND 600.45 581 561.55 631.9 663.35 612.45 938.44 DOWN

RBLBANK 499.75 494.9 490.05 504.8 509.85 499.95 529.03 DOWN

RCOM 11.05 10.67 10.28 11.37 11.68 10.98 19.82 DOWN

RECLTD 99.15 96.77 94.38 101.97 104.78 99.58 124.69 DOWN

RELCAPITAL 236.75 227.33 217.92 244.83 252.92 235.42 433.17 DOWN

RELIANCE 1090.05 1073.07 1056.08 1115.17 1140.28 1098.18 1017.13 UP

RELINFRA 295.65 282.87 270.08 305.57 315.48 292.78 436.5 DOWN

REPCOHOME 367.9 357.58 347.27 385.68 403.47 375.37 583.33 DOWN

RPOWER 24.65 23.45 22.25 25.5 26.35 24.3 37.92 DOWN

SAIL 63.55 61.45 59.35 66 68.45 63.9 79.84 DOWN

SBIN 262.95 259.25 255.55 267.4 271.85 263.7 275.66 DOWN

SHREECEM 15744.6 15572.35 15400.1 16044.5 16344.4 15872.25 17039.24 DOWN

SIEMENS 891.85 847.1 802.35 939.75 987.65 895 1084.19 DOWN

SOUTHBANK 13.45 13.23 13.02 13.68 13.92 13.47 23.81 DOWN

SREINFRA 32.4 31.02 29.63 33.52 34.63 32.13 72.85 DOWN

SRF 1699.2 1656.3 1613.4 1732 1764.8 1689.1 1909.96 DOWN

SRTRANSFIN 955.85 922.57 889.28 992.17 1028.48 958.88 1385.23 DOWN

STAR 428.35 412.3 396.25 438.1 447.85 422.05 564.14 DOWN

SUNPHARMA 609.75 599.13 588.52 618.83 627.92 608.22 556.11 UP

SUNTV 610.7 597.12 583.53 626.17 641.63 612.58 866.1 DOWN

SUZLON 5.35 5.27 5.18 5.47 5.58 5.38 10.16 DOWN

SYNDIBANK 29.8 29.37 28.93 30.37 30.93 29.93 53.11 DOWN

TATACHEM 635.75 624.02 612.28 645.47 655.18 633.73 716.37 DOWN

TATACOMM 476.6 465.68 454.77 488.88 501.17 477.97 604.38 DOWN

TATAELXSI 968.2 945.87 923.53 996.27 1024.33 973.93 1182.59 DOWN

TATAGLOBAL 216.5 211.02 205.53 220.57 224.63 215.08 266.26 DOWN

TATAMOTORS 184.35 167.77 151.18 203.47 222.58 186.88 320.63 DOWN

TATAMTRDVR 101.55 93.43 85.32 111.18 120.82 103.07 181.51 DOWN

TATAPOWER 60.95 59.7 58.45 62.3 63.65 61.05 80.32 DOWN

TATASTEEL 572.5 556.73 540.97 586.08 599.67 570.32 611.24 DOWN

TCS 2091.8 2060.78 2029.77 2115.23 2138.67 2084.22 1725.18 UP

TECHM 696.1 689.53 682.97 703.83 711.57 697.27 650.2 UP

TITAN 749.5 714.22 678.93 802.87 856.23 767.58 881.68 DOWN

TV18BRDCST 33.4 32.07 30.73 34.57 35.73 33.23 55.04 DOWN

TVSMOTOR 494.7 486.57 478.43 505.37 516.03 497.23 620.54 DOWN

UBL 1163.6 1129.6 1095.6 1190 1216.4 1156 1153.88 UP

UJJIVAN 232.65 223.33 214.02 241.48 250.32 232.17 369.78 DOWN

ULTRACEMCO 3782 3728.68 3675.37 3850.63 3919.27 3797.32 4068.81 DOWN

UNIONBANK 65.75 64.1 62.45 67.5 69.25 65.85 98.93 DOWN

VEDL 212.1 205.27 198.43 217.72 223.33 210.88 271.38 DOWN

VGUARD 164.7 160.6 156.5 167.6 170.5 163.5 219.07 DOWN

VOLTAS 484.65 477.88 471.12 489.53 494.42 482.77 590.62 DOWN

WIPRO 321.65 314.63 307.62 325.73 329.82 318.72 289.86 UP

WOCKPHARMA 491.95 476.8 461.65 506.05 520.15 490.9 719.89 DOWN

YESBANK 224.65 220.23 215.82 231.43 238.22 227.02 330.99 DOWN

ZEEL 432.8 419.73 406.67 440.33 447.87 427.27 549.72 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



Gold price closed flat in yesterday's trade. Downside well supported near 30675 mark. Interweek strategy: Establish long positions between 30700-30900 zone, targeting 31551 mark and then aggressive targets at 31900 with stop at 30471.

Silver prices too traded rangebound in yesterday's trade. Interweek strategy: Establish long positions between 38105-38150 zone, targeting 38901 mark and then aggressive targets at 39500-39650 zone with stop at 37101.

The recent sequence of higher highs/lows remains intact. Interweek strategy: Establish long positions between 5445-5475 zone, targeting 5645 zone and then aggressive targets at 5801 with stop at 5245.

Copper prices are back in positive momentum. Interweek strategy: Establish long positions between 453-455 zone, targeting 479 mark and then at 501 with stop at 449.

Natural Gas prices continue to trade with positive bias. Intraday strategy: Establish long positions between 229-232 zone , targeting 245 and then aggressive targets at 249-251 zone with stop at 223.

The rupee shed 33 paise to close at a life-time low of 74.39 against the dollar on Tuesday. Key support now at 71.75. Interweek strategy: We have a neutral bias amidst overbought technical conditions. Having said that buying on any sharp declines should be the preferred strategy.

31262 30675 29921 31551 31900 Neutral

38645 38105 37201 38921 39650 Neutral

5568 5245 5100 5645 5801 Positive

463 453 429 479 501 Positive

241.00 227.45 215.00 245.00 251.00 Positive

74.07 71.45 70.00 75.00 77.00 Positive

MCX Copper: Establish long positions on any corrective declines. Targets at 479.

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



At Wall Street, bond yields remain in focus. Bias continues to be neutral.

Gold prices were seen trading rangebound in yesterday's trade. Hurdles now seen at 1205. Confirmation of major strength only above 1227. Interweek Strategy: Sell between 1201-1205 zone, targeting 1181 and then at 1171 with stop above 1209.

Silver prices traded flat in yesterday's trade. Hurdles now seen at 15.45. Confirmation of major strength only above 15.45.

The recent sequence of higher highs/lows remains intact. Intraday strategy: Establish long positions only on declines between 71.75-72.05 zone, targeting 75.50 zone with stop at 71.05

We have a negative bias on EUR/USD. Major weakness seen only below 1.1451. Selling on strength should be preferred strategy.

We have positive bias for US Dollar Index. Hurdles at 97.50. Aggressive upside targets seen at 99. Downside well supported at 92.50. Major weakness now only below 92.50.

The Dow Jones index was mostly lower in Tuesday's trade as investors continued to fret over the implication of higher bond yields on equities. Dow faces major hurdles at 27200.

1193 1181 1271 1205 1227 Negative

14.45 14.21 13.75 15.45 16.09 Negative

74.74 72 68.3 75.5 77.5 Positive

1.1500 1.1379 1.1100 1.1745 1.1900 Negative

95.68 94.45 92.50 97.50 99.00 Positive

26430 26030 25001 27200 27600 Neutral


DAILY PIVOT TABLE



CommodityExchange Close S1 S2 R1 R2200 Day

SMA Reversal

Point Trend

MCX ALUMINUM

MCX CARDAMOM

NCDEX CASTOR

NCDEX CHANA

MCX COPPER

MCX COTTON

MCX CRUDE-OIL

MCX GOLD

NCDEX GAUR GUM

NCDEX GAUR SEED

NCDEX JEERA

MCX LEAD

MCX MENTHA OIL

MCX NATURAL GAS

MCX NICKLE

NCDEX RM SEED

MCX SILVER

NCDEX SUGAR

NCDEX SOYA BEAN

MCX ZINC

154.25 152.13 150.02 156.58 158.92 145.42 145 DOWN

1374.7 1361.13 1347.57 1389.13 1403.57 1096.65 1433 UP

4714 4679.33 4644.67 4735.33 4756.67 4276.98 4858 DOWN

4178 4154 4130 4209 4240 3824.9 4053 DOWN

456.1 452.53 448.97 458.83 461.57 446.17 447.4 UP

22260 22200 22140 22340 22420 21485 22445 UP

5494 5440.33 5386.67 5530.33 5566.67 4512.13 5225 UP

31220 31104.33 30988.67 31433.33 31646.67 30432.37 30640 UP

9010 8959.67 8909.33 9073.67 9137.33 8893.71 9370 UP

4176.5 4153.67 4130.83 4207.17 4237.83 4131.41 4353.25 DOWN

19570 19301.67 19033.33 19816.67 20063.33 17582.67 18425 DOWN

146.25 145.43 144.62 147.63 149.02 156.62 143.05 UP

1703.9 1685.33 1666.77 1722.73 1741.57 1467.41 1610.8 UP

242.2 236.37 230.53 246.37 250.53 192.5 215.1 UP

936.7 925.53 914.37 943.33 949.97 918.82 895 UP

4093 4083.67 4074.33 4109.67 4126.33 4028.21 4169 UP

38458 38208.66 37959.33 38903.66 39349.33 38777.68 37832 DOWN

3050 3050 3050 3050 3050 3614.83 3015 UP

3207 3184.33 3161.67 3245.33 3283.67 3499.35 3356 UP

198.35 194.85 191.35 200.3 202.25 202.03 185.65 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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Documents

Comfort Securities Limited Daily Research Reports · 2018-10-10 · The big picture of Dalal Street 04-07 Stock Of The Day: (F & O) 08-09 Equity Derivatives 10 Daily Pivot Table (Equities)