Comfort Securities Limited Daily Research Reports · 2018-10-31 · • Crude-Oil prices ended at a more-than-2-month low on expectations that U.S. inventories are likely to rise

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Welcome Note

Wednesday31st 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

31st of October 2018.

Our call of the day suggests Nifty needs to move above its key hurdles at 10,301 mark quickly

else there is a danger that Monday's rally at Dalal Street will fizzle out with totality and will go

into history books as a dead cat bounce.

BOTTOM LINE: Aggressive buying recommended if Nifty crosses the 10,301 mark.

Helping sentiments would be media reports which suggests that Trump is upbeat on China trade

deal. President Donald Trump in his latest statement has said the U.S. will "make a great deal

with China," in an interview with Fox News.

Hopefully, amidst this news report, our stock markets get the much-needed relief and most

importantly, Nifty moves above the key hurdles at 10,301 mark.

Also, helping sentiments for our stock markets should be the dip in brent crude oil prices from

ongoing weakness in global stock markets and signs of rising global supply.

The bulls camp would sincerely pray that the October omen is behind them and the upcoming

Diwali ushers in more cheer to our stock market.

Long story short:

Trader: Buy above 10,301.

Investor: Lighten long positions on any excessive strength in Nifty towards 10,700.

Outlook for Wednesday: Positive start. Buy something.

The benchmark Nifty did whipsaw in yesterday's trade amidst a broadly negative sentiments.

Volatility likely to be hallmark of today's trade -- likely to remain elevated in near term as bulls

and bears continue to face off for control of the market.

The need of the hour for the bulls camp is any sort of resolution of the trade standoff between

the U.S and China. The bulls camp must be also pinning hopes on extreme oversold conditions

as that could act as key catalyst providing impetus to move higher.

From perma-bulls perspective, Nifty needs to hang onto the psychological 10,000 for both price

and momentum to stay intact.

The next big question of the day: Will Nifty zoom up in today's trade?

Well, the bulls will try their level best to hunt for positive session, amid oversold conditions in

short term charts; but honestly speaking, for the day, Dalal Street’s fortunes rides on global

cues.

The good news is that the global cues are quite robust induicating a sweet end to a bitter and

rocky October month.

Our stock markets mood will swing depending on outcome of following catalysts:

1. Liquidity concerns. Market participants are sensing that large volume of commercial

papers are maturing by November 14. The street will anxiously watch for fresh distress

signs in this space.

2. Q2 results of corporate India.

3. The upcoming assembly elections in five states- Madhya Pradesh, Rajasthan,

Chhattisgarh, Mizoram and Telangana.

4. Trend in Oil prices on backdrop of US sanctions on Iran. The US sanctions on Iranian oil

take effect in a week’s time.

5. Global trade war tiff.

6. September Auto sales: The street will spy with one big eye on the auto firms declaring

their sales data for September. The street will hope for some revival ahead of crucial

festive season as well.

10198 -0.51%

24808 -0.61%

8745 0.24%

28271 0.05%

2936 0.20%

14356 1.58%

2466 1.73%

4653 0.84%

3333 -1.08%

9535 -0.57%

214 0.61%

5977 1.45%

33891 -0.52%

10266 0.37%

Buy on dips.

Neutral (10145-10301)

Neutral (9750-10811)

Neutral (11501)

10111 & 9951

10301 & 10487

9751



Technical Strategy


STOCKS TO WATCH:

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

BRITANNIA and UBL with interweek perspective on any sharp corrective decline.

• Bullish stocks: VOLTAS, BRITANNIA, MCDOWELL, UBL, BAJAJ FINANCE, SRF,

HAVELLS, REC.

• Bearish stocks: BHARTI AIRTEL, YES BANK, BAJAJ AUTO, RCOM.

• Show Me the Money: Buy Bajaj Finserv (5391): Oversold conditions prevail. Positive

bias as long as 5149 support is held. Interweek Strategy: Buy between 5324-5345 zone,

targeting 5601 and then at 5799-5819 zone with stop below 5121.

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

• This week, the event calendar is rather blank and thus focus again shifts to Q2 earning.

The prominent firms announcing Q2 are:

• Wednesday: ADANI ENTERPRISES, ADANI POWER, AJANTA PHARMA, CANARA

BANK, CASTROL, DABUR, ESCORTS, LUPIN, LT, HERIGE FOODS, STRIDES

ARCOLAB, TATA MOTORS, TATA MOTORS DVR, TINPLATE, VEDANTA.

• Thursday: AARTI INDUSTRIES, ARVIND, AUROBINDO LAB, BERGER PAINTS, CERA

CERAMIC, DLF, ECLERX, GNFC, GODREJ PROPERTIES, GREAVES COTTON, HCC,

HDFC, HIKAL, HPCL, MARICO, MOREPAN LAB, SRF, SUNDRAM FINANCE, TATA

COMMUNICATION, TRENT, VESUVIUS.

• Friday: AXIS BANK, BAJAJ HINDUSTAN, BATA INDIA, BHARAT FORGE, ENIL,

EQUITAS, GE SHIPPING, GILLETTE, GODREJ CONSUMER, GSFC, GUJ ALKALI,

HINDALCO, NTPC, OFSS, PFC, PNB, RELIANCE POWER, SAIL, TVS ELECTRONICS,

TV TODAY, VMART.

GLOBAL CUES:

• Wall Street zoomed higher in Tuesday's trade as the Dow Jones Industrial Average rallied

431.72 points, or about 1.8 percent, to 28,874.64. The S&P 500 jumped 41.38 points, or

1.5 percent, to 2,682.63. The Nasdaq Composite was up 111.36 points, or 1.6 percent,

to 7,161.65.

FII/DII & OPTIONS DATA:

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

1592.02 crores in the Indian Equity Market. DIIs on the other hand bought shares worth

Rs. 1363.04 crores in the Indian Equity market.

• As per option data, key resistance level for the October series for Nifty are at 10,700

strike price as maximum call open interest of 20.19 lakh contracts were seen at the

10,700 strike price. Key support level for the October series is at 10,000 as Maximum Put

open interest of 42.38 lakh contracts was seen at the 10,000 strike price.

COMMODITY CUES:

• Crude-Oil prices ended at a more-than-2-month low on expectations that U.S.

inventories are likely to rise further.

• Gold prices were seen trading with slight negative bias amidst profit booking. Key

medium term support seen at 31201 mark. Interweek strategy: Establish long positions

between 31251-31301 zone, targeting 32451 mark and then aggressive targets at

32851-32901 with stop at 31101..

• Copper prices were seen tanking in yesterday's trade. Interweek strategy: Establish long

positions only above 451, targeting 465 mark and then at 479.

MACRO WATCH:

• RBI is planning to buy 400 billion rupees of government bonds via open-market

operations in November, that aimed at injecting liquidity into the system.

In Monday’s trade, M&M Financial enjoyed a

strong session, up 2.44%. In yesterday's session,

the stock was seen consolidating, down 1.06%.

Technically, M&M Financial is attempting a major

breakout on daily charts from an lower

consolidation zone.

The stock is in consolidation mode and the

momentum oscillators will shift on buy mode on

any move above 421 and such up move needs to

be backed by increases in volumes.

Key support to watch in near term is at 377.50

zone. Medium term supports seen at 351 zone.

Establish long positions between 389-393 zone,

targeting 421 zone and then at 442.50 and final

aggressive targets at 461-463 zone with strict

stop at 371.

M&M FINANCIAL

Action

Target

Support

Resistance

Holding Period

395.2

Buy on dips.

445

377.50/351

425/463

9 Days.




• The Nikkei Manufacturing Purchasing Managers' Index (PMI) for October will be released on Thursday, November 1, and the fiscal deficit data for

September is due on Wednesday, October 31.

• The upcoming assembly elections in five states: Madhya Pradesh, Rajasthan, Chhattisgarh, Mizoram and Telangana. While Chhattisgarh will

go to the polls in two phases on November 12 and 20, the Madhya Pradesh and Mizoram Assembly 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.

• 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.

• The Federal Reserve remains on its gradual rate-hike path.

CURRENCIES & BONDS:

• The rupee on Tuesday closed at Rs. 73.68 to a US dollar, weakening by 23 paise from its Monday's close of 73.44. Intermonth strategy: Buy between

72-72.50 zone, targeting 75 and then aggressive targets at 77 with strict stop below 71.45.

What Technical Tells Us on Nifty:

The benchmark Nifty settled with modest losses in a volatile Tuesday's session of trade.

Amidst this negative backdrop, Sensex ended a tad lower psychological 34,000 mark and Nifty too slipping below the psychological 10,200 mark.

The market breadth, indicating the overall health of the market was positive. The the BSE Mid-Cap index rose 0.91%. The BSE Small-Cap index rose 0.94%.

Both these indices outperformed the Sensex.

Technically speaking, key support for the day on Nifty is at 9,951 mark. The technical landscape will worsen further if Nifty closes below the 9,951

mark as that would open the door to massive technical selling, possibly quickly towards the 9750-9801 zone.

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

The make or break hurdles are at 10,775 mark. Intraday hurdles at 10,301 mark.

The price action for Nifty is suggesting that we are likely to see an 9950 -10,511 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 (10199): Buy between 10145-10161 zone targeting 10301 zone and then aggressive targets at 10421-10445 zone with

stop at 10071.

Preferred trade on Bank Nifty (24807): Buy at CMP, targeting 25201 zone and then aggressive targets at 25601 zone with stop at 24351.

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


Oversold conditions prevail. Positive bias as long as 2001 support is held. Interweek Strategy: Buy between 2075-2091 zone, targeting 2261 and then at 2445-2465 zone with stop below 2045.

ESCORTS enjoyed a strong session in yesterday's trade, up 2.11%. Key intraday support seen at 587. Interweek Strategy: Buy between 591-597 zone, targeting 612.50 and then at 645-651 zone. Stop below 581.

Momentum osillators attempting to shift on buy mode. Confirmation of strength above 977. Interweek Strategy: Buy between 918-925 zone, targeting 977 and then more aggressive targets located at 1011-1015 zone. Stop below 911.

UBL is is seen rebounding from oversold zone on daily charts. Key intraday support seen at 1139. Strength seen above 1231. Interweek Strategy: Buy between 1151-1157 zone, targeting 1201 and then at 1231-1245 zone. Stop below 1137.

VOLTAS is consolidating at lower levels on daily charts. Key intraday support seen at 606. Strength seen above 636. Interweek Strategy: Buy between 511-515 zone, targeting 535 zone and then at 551-555 zone. Stop below 503.

Emerging Bulls in the Bear Market. `ESCORTS preferred bet on buy side.

DALMIA BHARAT

ESCORTS

PIDILITE

UBL

VOLTAS

2111.15 2071 2001 2261 2465 Positive

603.95 587 564 617.5 651 Positive

935.65 918 901 977 1015 Positive

1177.5 1151 1139 1231 1245 Positive

519.5 507.5 491 535 555 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 yesterday’s jittery session on a negative note, down

0.51% at 10198.40. The Nifty November Futures traded at a premium of 27 against

29 from previous trading session. The Nifty Bank index ended 0.6 per cent lower.

Indusind Bank & ICICI Bank were the key draggers.

Amongst Broader Indices, the BSE Midcap Index was up 0.91%. The BSE Smallcap

Index was up 0.94%. Both the indices clearly outperformed the Sensex.

Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE IT Index

(up 1.71%), BSE Teck Index (up 1.66%), BSE Capital Goods Index (up 0.95%).

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

Index (down 1.70%), BSE Metal Index (up 1.21%).

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

3.12%), ZEEL (up 2.76%), GRASIM (up 2.75%)

Among stocks drifting down were: HIND PETRO (down 4.77%), INDUSIND (down

4.20%), BPCL (down 4.13%)

Maximum Call Open Interest (OI) stands at 11000 Strike Price, followed by 10700

Strike Price for November Series. Short build up in calls was seen at strike prices

10250-10500 for November series.

Maximum Put Open Interest (OI) was seen at strike price 10000 followed by 10200

strike price for November series. Short covering in Puts was seen at strike prices

10200-10350 for November series.

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

1592.02 crores in the Indian Equity Market. DIIs on the other hand bought shares

worth Rs. 1363.04 crores in the Indian Equity market.

Highest OI Nifty: Calls 11000: 22.12 L - Puts 10000: 42.80

Highest OI Bank Nifty: Calls 26500: 3.67 L - Puts 26500: 6.13 L

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

Long Buildup: TATA POWER, FEDERAL BANK, GSFC, TECHM, NALCO.

Short Buildup: MOTHERSON SUMI, VOLTAS, RELIANCE, LICHSG, JSW STEEL.

Short Covering: DHFL, PNB, CANBK, L&TFH, KTKBANK.

Long Unwinding: TATA STEEL, COAL INDIA, AXIS, GRANULES, DLF.

Stocks banned in F&O segment for today: ADANI POWER.

New In Ban: NIL.

Out of Ban: NIL.

Future Call: BUY FEDERAL BANK NOVEMBER FUTURES at CMP

83.50. Targets at 86 and then at 90. Stop: 81. Holding Period:

Intraday. Analyst’s Remark: Momentum Play (Federal Bank

November Futures CMP 83.50).

Option Call: BUY TECH MAHINDRA NOVEMBER CE strike price

720 at CMP 16.55. Profit: Unlimited. Maximum Loss: Rs. 19,860.

Stop: Exit Call option if Tech Mahindra moves below 672. (Tech

Mahindra November Futures CMP 685).

10198.40 (-0.51%)

24807.75 (-0.61%)

20.5025 (+3.42%)

+27 vs +29

2.18 crores (-1.10%)

15.77 lakhs (-5.31%)

2763.5 3766.1

32393.66 34041.78

719558 607611

352386 21753

955344 51956

11480259 612474

575572 33375

13363561 719558

Calls in lakhs (% Change)

10500 19.58 (+9%)

10700 20.92 (+21%)

10300 17.33 (+44%)

Puts in lakhs (% Change)

10000 42.39 (+9%)

10200 31.34 (+12%)

9900 11.43 (+2%)


www.comfortsecurities.co.in

DAILY PIVOT TABLE



Instrument Close S1 S2 R1 R2 200 Day SMA Reversal Point Trend

All level indicated above are based on cash market prices.

Pivot Point

PP : Pivot Point : This is trigger point for weekly buy/sell based on the price range of the previous week.R1 : Resistance one : 1st Resistance over PP. R2 : Resistance two : 2nd Resistance over R1.S1 : Support one : 1st support after PP. S2 : Support Two : 2nd support after S1.

As per the tool, the trader should take BUY position just above PP and keep the stop loss of PP and the first target would be R1.If R1 is crossed then R2 becomes the next target with the stop loss at R1.

Similarly if price goes below PP the trader should SELL and keep the PP as Stop loss and the first target would be S1.

If S1 is crossed then S2 becomes the next target with the stop loss at S1.This is a trading tool. The key to use of this tool is the use of STOP LOSS.


NIFTY 10198.4 10154.13 10109.87 10263.88 10329.37 10219.62 10767.86 DOWN

BANKNIFTY 24807.75 24622.57 24437.38 25057.22 25306.68 24872.03 26064.65 DOWN

NIFTYMID50 4653.4 4611.37 4569.33 4688.92 4724.43 4646.88 5058.77 DOWN

ACC 1344.9 1332.07 1319.23 1361.87 1378.83 1349.03 1517.88 DOWN

ADANIENT 169.05 166.77 164.48 172.67 176.28 170.38 131.28 UP

ADANIPORTS 322.6 316.6 310.6 332 341.4 326 379.96 DOWN

AJANTPHARM 1010 997.85 985.7 1029.9 1049.8 1017.75 1204.1 DOWN

ALBK 41.75 40.12 38.48 43.42 45.08 41.78 46.97 DOWN

AMARAJABAT 753.2 743.6 734 767.65 782.1 758.05 803.55 DOWN

ANDHRABANK 27.8 26.72 25.63 28.62 29.43 27.53 37.67 DOWN

APOLLOTYRE 215.05 212.53 210.02 218.63 222.22 216.12 262.81 DOWN

ARVIND 345.85 335 324.15 352.3 358.75 341.45 397.1 DOWN

ASHOKLEY 115 113.88 112.77 116.43 117.87 115.32 133.93 DOWN

ASIANPAINT 1196.3 1178.57 1160.83 1211.02 1225.73 1193.28 1248.02 DOWN

AUROPHARMA 770.5 761.97 753.43 777.77 785.03 769.23 636.83 UP

AXISBANK 562.7 557.22 551.73 569.97 577.23 564.48 556.7 UP

BAJAJ-AUTO 2556.25 2531.77 2507.28 2581.87 2607.48 2557.38 2865.85 DOWN

BAJAJFINSV 5391.15 5324.13 5257.12 5456.58 5522.02 5389.57 5764.2 DOWN

BAJFINANCE 2356.35 2329.83 2303.32 2403.38 2450.42 2376.87 2139.34 UP

BALKRISIND 1069.25 1048.43 1027.62 1102.48 1135.72 1081.67 1153.11 DOWN

BALRAMCHIN 109.95 107.65 105.35 112.8 115.65 110.5 84.32 UP

BANKBARODA 110 106 102 113.85 117.7 109.85 136.09 DOWN

BANKINDIA 84.35 80.4 76.45 88.15 91.95 84.2 104.23 DOWN

BATAINDIA 939.55 922.75 905.95 955.45 971.35 938.65 829.19 UP

BEL 89.85 87.17 84.48 91.77 93.68 89.08 124.15 DOWN

BEML 585.65 562.58 539.52 601.63 617.62 578.57 974.49 DOWN

BERGEPAINT 285 283.08 281.17 287.33 289.67 285.42 281.43 UP

BHARATFIN 839.9 826.67 813.43 857.02 874.13 843.78 1105.87 DOWN

BHARATFORG 569.5 557.27 545.03 577.97 586.43 565.73 674.84 DOWN

BHARTIARTL 292.6 288.9 285.2 296.75 300.9 293.05 386.29 DOWN

BHEL 69.15 68.12 67.08 70.07 70.98 69.03 81.23 DOWN

BIOCON 639.7 624.88 610.07 649.63 659.57 634.82 615.69 UP

BPCL 266.35 262.37 258.38 272.02 277.68 268.03 398.15 DOWN

BRITANNIA 5447.9 5393.2 5338.5 5484.8 5521.7 5430.1 5595 DOWN

CANBK 256.25 240.17 224.08 268.02 279.78 251.93 270.93 DOWN

CANFINHOME 265.05 260.77 256.48 271.67 278.28 267.38 384.39 DOWN

CASTROLIND 146.5 144.97 143.43 148.42 150.33 146.88 174.87 DOWN

CEATLTD 1130.2 1118.85 1107.5 1147.7 1165.2 1136.35 1441.74 DOWN

CENTURYTEX 811.7 799.2 786.7 825.1 838.5 812.6 1042.01 DOWN

CESC 713.65 664.27 614.88 740.77 767.88 691.38 977.31 DOWN

CGPOWER 35.45 34.83 34.22 36.33 37.22 35.72 68.13 DOWN

CHENNPETRO 252.1 244.2 236.3 260.95 269.8 253.05 320.4 DOWN

CHOLAFIN 1243.75 1220.33 1196.92 1278.58 1313.42 1255.17 1439.46 DOWN

CIPLA 610.35 600.07 589.78 628.67 646.98 618.38 604.27 UP

COALINDIA 275.85 271.77 267.68 283.17 290.48 279.08 282.13 DOWN

COLPAL 1100.4 1087.27 1074.13 1121.77 1143.13 1108.63 1125.57 DOWN

CONCOR 623.35 612.35 601.35 633 642.65 622 649.92 DOWN

CUMMINSIND 673.3 662.6 651.9 684.85 696.4 674.15 740.19 DOWN

DABUR 396.35 387.22 378.08 406.47 416.58 397.33 382.4 UP

DALMIABHA 2111.15 2038.53 1965.92 2156.88 2202.62 2084.27 2643.27 DOWN

DCBBANK 158.9 154.78 150.67 165.48 172.07 161.37 172.45 DOWN

DHFL 207.1 188.23 169.37 222.83 238.57 203.97 551.73 DOWN

DISHTV 43.7 42.82 41.93 44.52 45.33 43.63 69.46 DOWN

DIVISLAB 1485.75 1448 1410.25 1512 1538.25 1474.25 1145.14 UP

DLF 161.85 158.9 155.95 165.65 169.45 162.7 205.06 DOWN

DRREDDY 2594.3 2536.37 2478.43 2631.12 2667.93 2573.18 2254.66 UP

EICHERMOT 21026.15 20836.3 20646.45 21364.7 21703.25 21174.85 27990.09 DOWN

ENGINERSIN 114.15 112.37 110.58 117.07 119.98 115.28 143.29 DOWN

EQUITAS 103.3 98.4 93.5 106.8 110.3 101.9 145.13 DOWN

ESCORTS 603.95 592.1 580.25 612.3 620.65 600.45 842.57 DOWN

EXIDEIND 261.45 255.12 248.78 265.67 269.88 259.33 248.78 UP

FEDERALBNK 83.15 80.92 78.68 85.47 87.78 83.23 88.18 DOWN

GAIL 360.25 352.67 345.08 368.42 376.58 360.83 349.82 UP

GLENMARK 604 596.85 589.7 613.55 623.1 606.4 581.85 UP

GMRINFRA 16.45 16.12 15.78 16.72 16.98 16.38 18.32 DOWN

GODREJCP 713.85 704.03 694.22 721.33 728.82 711.52 797.91 DOWN

GODREJIND 461.65 453.9 446.15 473.5 485.35 465.75 575.74 DOWN

GRANULES 97.05 94.03 91.02 101.78 106.52 98.77 104.29 DOWN

GRASIM 804.75 789.78 774.82 814.58 824.42 799.62 1050.08 DOWN

GSFC 102.7 99.87 97.03 105.17 107.63 102.33 119.04 DOWN

HAVELLS 634.5 624.87 615.23 641.57 648.63 631.93 570.21 UP

HCC 12.1 11.88 11.67 12.43 12.77 12.22 20.42 DOWN

HCLTECH 1004.85 982.05 959.25 1022.3 1039.75 999.5 975.47 UP

HDFC 1671.9 1653.4 1634.9 1700.2 1728.5 1681.7 1856.51 DOWN

HDFCBANK 1912.75 1897.37 1881.98 1930.07 1947.38 1914.68 1995.47 DOWN

HDIL 19.9 19.45 19 20.25 20.6 19.8 33.55 DOWN

HEROMOTOCO 2773.9 2735.95 2698 2810.9 2847.9 2772.95 3435.26 DOWN

HEXAWARE 324.95 316.65 308.35 330.6 336.25 322.3 416.08 DOWN

HINDALCO 223.9 221.15 218.4 227.7 231.5 224.95 233.22 DOWN

HINDPETRO 219.95 216.03 212.12 226.18 232.42 222.27 308.06 DOWN

HINDUNILVR 1593.05 1555.8 1518.55 1616.95 1640.85 1579.7 1528.27 UP

HINDZINC 287.15 283.1 279.05 291.6 296.05 287.55 297.07 DOWN

IBREALEST 71.9 70.27 68.63 74.32 76.73 72.68 171.6 DOWN

IBULHSGFIN 769.15 746.75 724.35 798.15 827.15 775.75 1197.25 DOWN

ICICIBANK 345.7 341.12 336.53 352.07 358.43 347.48 305.42 UP

ICICIPRULI 324.9 318.43 311.97 334.13 343.37 327.67 390.31 DOWN

ICIL 66.35 65.13 63.92 68.23 70.12 67.02 84.84 DOWN

IDBI 59.7 58.97 58.23 60.67 61.63 59.93 62.93 DOWN

IDEA 39 37.82 36.63 39.77 40.53 38.58 63.8 DOWN

IDFC 36.05 35.63 35.22 36.63 37.22 36.22 49.78 DOWN

IDFCBANK 34.65 34.2 33.75 35.15 35.65 34.7 45.36 DOWN

IFCI 13.55 13.25 12.95 13.9 14.25 13.6 18.86 DOWN

IGL 252.9 249.8 246.7 256.45 260 253.35 279.26 DOWN

INDIACEM 88.55 85.95 83.35 90.2 91.85 87.6 130.89 DOWN

INDIANB 256.65 240.97 225.28 268.37 280.08 252.68 319.36 DOWN

INDIGO 882.4 867.77 853.13 899.32 916.23 884.68 1137.31 DOWN

INDUSINDBK 1364.3 1339.27 1314.23 1399.67 1435.03 1374.63 1814.45 DOWN

INFIBEAM 31.45 28.78 26.12 33.83 36.22 31.17 157.76 DOWN

INFRATEL 266.2 263.82 261.43 268.27 270.33 265.88 308.86 DOWN

INFY 659.6 643.43 627.27 669.78 679.97 653.62 629.43 UP

IOC 136.3 134.47 132.63 139.32 142.33 137.48 167.69 DOWN

IRB 126.2 124.17 122.13 129.02 131.83 126.98 211.03 DOWN

ITC 278.95 276.68 274.42 282.53 286.12 280.27 278.92 UP

JETAIRWAYS 236 221.25 206.5 246.7 257.4 231.95 469.3 DOWN

JINDALSTEL 170.15 166.83 163.52 174.48 178.82 171.17 227.62 DOWN

JISLJALEQS 70.35 68.57 66.78 72.37 74.38 70.58 98.26 DOWN

JPASSOCIAT 6.2 5.98 5.77 6.43 6.67 6.22 15.46 DOWN

JSWENERGY 66.1 64.48 62.87 67.53 68.97 65.92 73.63 DOWN

JSWSTEEL 335.8 332.33 328.87 340.53 345.27 337.07 328.14 UP

JUBLFOOD 1065.05 1044.57 1024.08 1090.97 1116.88 1070.48 1243.91 DOWN

JUSTDIAL 508.15 477.1 446.05 529.1 550.05 498.05 507.89 UP

KOTAKBANK 1123.8 1110.73 1097.67 1141.43 1159.07 1128.37 1197.5 DOWN

KPIT 214.7 210.3 205.9 221.9 229.1 217.5 249.93 DOWN

KSCL 491.8 478.23 464.67 501.13 510.47 487.57 537.59 DOWN

KTKBANK 102.35 98.35 94.35 106.05 109.75 102.05 120.47 DOWN

L&TFH 124.15 121.57 118.98 126.47 128.78 123.88 161.86 DOWN

LICHSGFIN 405.9 397.55 389.2 420.6 435.3 412.25 506.08 DOWN

LT 1271.25 1253.45 1235.65 1283.85 1296.45 1266.05 1318.05 DOWN

LUPIN 876.65 869.18 861.72 886.73 896.82 879.27 841.76 UP

M&M 746.3 734.62 722.93 760.37 774.43 748.68 839.04 DOWN

M&MFIN 395.2 390.28 385.37 402.38 409.57 397.47 462.09 DOWN

MANAPPURAM 75.9 74.83 73.77 76.73 77.57 75.67 103.8 DOWN

MARICO 312.75 305.93 299.12 316.88 321.02 310.07 328.39 DOWN

MARUTI 6697 6625.15 6553.3 6818.9 6940.8 6747.05 8763.24 DOWN

MCDOWELL-N 562.25 540.5 518.75 574.85 587.45 553.1 630.61 DOWN

MCX 710.85 704.6 698.35 720.5 730.15 714.25 782.97 DOWN

MGL 820.6 809.42 798.23 837.87 855.13 826.68 903.04 DOWN

MOTHERSUMI 161.7 153.05 144.4 172.3 182.9 163.65 208.66 DOWN

MRF 64309.15 63507.56 62705.98 65005.36 65701.58 64203.78 72479.28 DOWN

MRPL 80.25 79.07 77.88 81.97 83.68 80.78 97.29 DOWN

MUTHOOTFIN 395.7 388.82 381.93 403.77 411.83 396.88 410.69 DOWN

NATIONALUM 69.15 67.85 66.55 71.3 73.45 70 70.05 DOWN

NBCC 53.4 52.57 51.73 54.37 55.33 53.53 86.36 DOWN

NCC 74.65 72.1 69.55 76.6 78.55 74.05 107 DOWN

NMDC 109.5 108.05 106.6 111.1 112.7 109.65 118.22 DOWN

NTPC 159.4 157.15 154.9 161.35 163.3 159.1 164.88 DOWN

OFSS 3521.65 3496.1 3470.55 3553.1 3584.55 3527.55 3997.03 DOWN

OIL 196.6 195.38 194.17 198.48 200.37 197.27 220.33 DOWN

ONGC 152.95 151.7 150.45 154.6 156.25 153.35 175.3 DOWN

ORIENTBANK 77.15 72.52 67.88 83.32 89.48 78.68 86.42 DOWN

PEL 2013.85 1975.9 1937.95 2059.9 2105.95 2021.95 2570.78 DOWN

PETRONET 217.6 215.52 213.43 220.67 223.73 218.58 228.24 DOWN

PFC 91.55 89.98 88.42 93.43 95.32 91.87 88.29 UP

PIDILITIND 935.6 919.87 904.13 961.67 987.73 945.93 1021.64 DOWN

PNB 72.55 70.45 68.35 74.95 77.35 72.85 96.56 DOWN

POWERGRID 186.15 184.65 183.15 188.6 191.05 187.1 195.06 DOWN

PTC 75.65 74.12 72.58 78.27 80.88 76.73 87.31 DOWN

PVR 1340.25 1318.5 1296.75 1358.5 1376.75 1336.75 1329.41 UP

RAMCOCEM 602 571.5 541 621.15 640.3 590.65 721.48 DOWN

RAYMOND 745.65 724.17 702.68 765.97 786.28 744.48 911.3 DOWN

RBLBANK 526.45 516.43 506.42 536.93 547.42 526.92 528.73 DOWN

RCOM 11.65 10.95 10.25 12.15 12.65 11.45 18.81 DOWN

RECLTD 111.55 109.88 108.22 113.93 116.32 112.27 121.07 DOWN

RELCAPITAL 235.6 230.92 226.23 242.47 249.33 237.78 413.09 DOWN

RELIANCE 1057 1044.23 1031.47 1077.63 1098.27 1064.87 1029.03 UP

RELINFRA 350.55 344.85 339.15 356.5 362.45 350.8 422.55 DOWN

REPCOHOME 345.7 340.35 335 351.75 357.8 346.4 559.85 DOWN

RPOWER 29.75 29.27 28.78 30.42 31.08 29.93 36.52 DOWN

SAIL 65.35 64.47 63.58 66.12 66.88 65.23 78.11 DOWN

SBIN 273.15 266.4 259.65 279.5 285.85 272.75 272.16 UP

SHREECEM 13514.2 13389.93 13265.67 13619.23 13724.27 13494.97 16793.42 DOWN

SIEMENS 907.45 885.2 862.95 921.05 934.65 898.8 1060.43 DOWN

SOUTHBANK 14.3 13.83 13.37 14.78 15.27 14.32 22.57 DOWN

SREINFRA 31.9 30.45 29 32.9 33.9 31.45 68.1 DOWN

SRF 1873.6 1853.3 1833 1890.6 1907.6 1870.3 1897.59 DOWN

SRTRANSFIN 1119.75 1080.22 1040.68 1147.07 1174.38 1107.53 1356.9 DOWN

STAR 413.35 407.33 401.32 421.28 429.22 415.27 536.09 DOWN

SUNPHARMA 562.05 555.83 549.62 572.08 582.12 565.87 558.17 UP

SUNTV 651.45 638.27 625.08 666.67 681.88 653.48 841.78 DOWN

SUZLON 6.25 6.13 6.02 6.38 6.52 6.27 9.54 DOWN

SYNDIBANK 35 33.2 31.4 36.8 38.6 35 49.64 DOWN

TATACHEM 681.15 674.15 667.15 688.05 694.95 681.05 711.45 DOWN

TATACOMM 469.2 458.9 448.6 483.25 497.3 472.95 589.74 DOWN

TATAELXSI 1010.4 989.27 968.13 1025.27 1040.13 1004.13 1184.2 DOWN

TATAGLOBAL 227.3 221.53 215.77 230.93 234.57 225.17 260.61 DOWN

TATAMOTORS 177.25 175.03 172.82 180.48 183.72 178.27 303.29 DOWN

TATAMTRDVR 96.9 95.72 94.53 98.32 99.73 97.13 171.33 DOWN

TATAPOWER 77.75 76.25 74.75 79.65 81.55 78.15 78.62 DOWN

TATASTEEL 564.5 561.07 557.63 569.97 575.43 566.53 601.98 DOWN

TCS 1894.8 1856.73 1818.67 1921.13 1947.47 1883.07 1766.61 UP

TECHM 685.1 664.52 643.93 699.07 713.03 678.48 662.86 UP

TITAN 830.5 819.47 808.43 841.47 852.43 830.43 877.31 DOWN

TV18BRDCST 37.25 36.82 36.38 37.87 38.48 37.43 53.43 DOWN

TVSMOTOR 539.65 533.63 527.62 547.83 556.02 541.82 603.71 DOWN

UBL 1170.95 1151.68 1132.42 1184.08 1197.22 1164.82 1161.02 UP

ULTRACEMCO 3463.65 3423.82 3383.98 3502.22 3540.78 3462.38 4016.28 DOWN

UNIONBANK 75.8 70.18 64.57 80.38 84.97 74.77 93.34 DOWN

UPL 636.8 624.23 611.67 648.63 660.47 636.07 690.21 DOWN

VEDL 211.2 208.67 206.13 215.07 218.93 212.53 263.38 DOWN

VGUARD 182.05 178.13 174.22 184.48 186.92 180.57 214.75 DOWN

VOLTAS 519.5 508.62 497.73 531.82 544.13 520.93 580.99 DOWN

WIPRO 327.5 323.88 320.27 332.88 338.27 329.27 290.78 UP

WOCKPHARMA 491.05 481.47 471.88 503.87 516.68 494.28 692.24 DOWN

YESBANK 182.05 178.5 174.95 187.75 193.45 184.2 324.14 DOWN

ZEEL 444.45 430.5 416.55 452.9 461.35 438.95 540.62 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 traded rangebound in yesterday's trade. Key medium term suppport seen at 31201 mark. Interweek strategy: Establish long positions between 31251-31501 zone, targeting 32451 mark and then aggressive targets at 32851-32901 with stop at 31101.

Silver prices traded listless in yesterday's trade. Interweek strategy: Establish long positions between 38455-38501 zone, targeting 39651 mark and then aggressive targets at 39901-40000 zone with stop at 38251.

Crude-oil prices slipped in yesterday's trade amidst profit booking. Confirmation of strength only above 4921. Interweek strategy: Establish long positions above 4921, targeting 5051 zone and then aggressive targets at 5369 with stop at 4721.

Copper prices were seen tanking in yesterday's trade. Interweek strategy: Establish long positions only above 451, targeting 465 mark and then at 479.

Natural Gas prices itraded subdued in yesterday's trading action. Interweek strategy: Establish long positions only on any sharp declines between 221-225 zone, targeting 241 and then aggressive targets at 249-251 zone with stop at 213.

Key support now at 71.75. Intermonth strategy: Buy between 72.25-72.50 zone, targeting 75 and then aggressive targets at 77 with strict stop below 71.45.

31824 31501 31201 32451 32901 Neutral

38293 37751 37201 39650 40001 Neutral

4883 4775 4501 4921 5389 Positive

436 425 411 451 479 Neutral

234.50 227.45 215.00 245.00 251.00 Positive

73.68 71.75 70.00 75.00 77.00 Positive

Crude-Oil prices Oil prices fall on rising supply, trade tensions.

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 after Monday’s gut-wrenching reversal. Hurdles for Dow at 27200.

Gold prices were seen slipping in yesterday's trade. Hurdles now seen at 1245. Confirmation of major strength only above 1245. Interweek Strategy: Sell at CMP, targeting 1207 and then at 1189-1191 zone with stop above 1247.

Silver prices too slipped in yesterday's trade tracking weakness in yellow metal. Hurdles now seen at 15.45. Confirmation of major strength only above 15.45.

Crude-oil prices were seen trading flat in yesterday's trade. Inerweek strategy: Establish long positions at CMP, targeting 70.50 zone and then 72.50-75 zone with stop at 62.50.

We have a negative bias on EUR/USD. Major weakness seen only below 1.1351. 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.

Wall Street was higher in Tuesday's trade following Monday’s losses as investors digested the latest economic data and corporate earnings reports. Dow faces major hurdles at 27200.

1225 1207 1189 1245 1261 Neutral

14.47 14.21 13.75 15.45 16.09 Neutral

66.63 65 62.5 70.5 75 Neutral

1.1362 1.1351 1.1100 1.1745 1.1900 Negative

96.85 94.45 92.50 97.50 99.00 Positive

24660 24445 23751 26001 27200 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

144.2 143.45 142.7 145.55 146.9 145.95 149.35 DOWN

1410.8 1404.2 1397.6 1418.2 1425.6 1121.92 1406.75 DOWN

5634 5516 5398 5716 5798 4330 5304 UP

3989 3962.33 3935.67 4013.33 4037.67 3831.36 4132 UP

445.35 442.53 439.72 449.68 454.02 445.72 460.95 DOWN

22750 22576.67 22403.33 23056.67 23363.33 21673.65 22630 DOWN

4956 4915.67 4875.33 4987.67 5019.33 4602.06 5123 UP

31888 31816 31744 31990 32092 30624.91 31568 DOWN

10336 10240.67 10145.33 10445.67 10555.33 8960.59 9845 UP

4708.5 4669 4629.5 4754 4799.5 4167.74 4522 UP

19760 19490 19220 19990 20220 17477.72 19475 UP

143.3 142.38 141.47 144.93 146.57 155.46 143.1 UP

1782.2 1771.4 1760.6 1796.6 1811 1472.39 1724.7 UP

233.9 231.53 229.17 235.63 237.37 196.09 227.2 UP

856.9 852.33 847.77 864.73 872.57 927.19 892.8 UP

4172 4161 4150 4188 4204 4040.6 4118 DOWN

38285 38004.66 37724.33 38768.66 39252.33 38751.87 38153 UP

3050 3050 3050 3050 3050 3614.83 3015 UP

3316 3275.33 3234.67 3341.33 3366.67 3512.69 3139 UP

196.2 195.17 194.13 198.07 199.93 200.79 192.1 UP



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 · 2018-10-31 · • Crude-Oil prices ended at a more-than-2-month low on expectations that U.S. inventories are likely to rise