Comfort Securities Limited Daily Research Reports · 2018. 11. 15. · COMMODITY CUES: • MCX Natural-gas was seen rocketing higher in yesterday's trade, settling at their highest

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Welcome Note

Thursday15th November, 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 Thursday's trading action at Dalal Street, dated 15th of

November 2018.

There's a negative mood at Wall Street right now. The negative catalyst:

1. Crude-oil’s abrupt decline in recent days.

2. A resolution of the U.S.-China trade war remains elusive.

3. Concerns about the Fed hiking rates at a time when global growth rates are coming

down.

4. Weak German growth data. German economy shrank for the first time in 3 years.

5. Italy's refusal to revise its budget.

6. Uncertainty around the latest Brexit developments.

The big question of the day: Will our stock markets too run into trouble?

Well, to start with, yesterday's trading session at Dalal Street was uninspiring. The

negative takeaway was that Dalal Street could not register gains despite crude-oil prices

tumbling 7% in Tuesday's trade, and marking their 12th straight session of losses.

Amidst this backdrop, a red flag for Dalal Street primarily as Nifty is unable to move up

despite tanking crude-oil prices to around the $56 per barrel level.

Our call of the day says Nifty may largely rally, making up to yesterday's consolidation.

But having said that profit booking should set in on higher levels. The good thing is that a

Nasty session unlikely for stock investors at Dalal Street. Bulls may regroup on any

corrective declines and stock specific action likely to command investors' attention.

Bargain hunting and momentum buying likely to be the preferred theme.

Digging deeper, the bulls' case strengthens only above Nifty's 200 DMA which is at 10,763.

Long story short: Trade cautiously until Nifty moves above 10,761 mark.

Outlook for Thursday: Consolidation day likely. Positive session

likely.

This Thursday morning, SGX Nifty is indicating a positive start for our stock markets, but

we suspect as the day progresses volatility will rule the roost.

Now, before we get into detail, let's see what caught our eye in last 24 hours:

1. Overnight, the Dow Jones Industrial Average slid 205 points or 0.81%. Apple’s

weakness was weighing on investors’ confidence,

2. Crude-oil prices fell to the $56 per barrel level. A shock drop in oil prices is raising

questions among investors about the health of the global market.

3. All anxious eyes will be on the scheduled meeting between Trump and

President Xi Jinping set for the end of the month at the G-20 summit in

Buenos Aires.

4. All eyes will be on the upcoming assembly elections in five states- Madhya Pradesh,

Rajasthan, Chhattisgarh, Mizoram and Telangana. Counting of votes will be held

across all the five states on December 11.

• The prominent firms announcing Q2 are (Thursday): CGCL, DCW, Sreiinfra.

STOCKS TO WATCH:

• Our chart of the day suggests establishing long positions in stocks like HDFC BANK

ICICI BANK and RELIANCE INDUSTRIES on any early dips with 2-3 days perspective.

10576 -0.06%

25930 0.63%

9051 -0.83%

29048 0.92%

3071 0.09%

14338 -2.45%

2420 -0.38%

4801 -0.13%

3382 -0.83%

9216 -2.19%

218 -1.49%

6262 -0.21%

35142 0.01%

10635 0.29%

Choppy session likely.

Neutral (10519-10641)

Neutral (9750-10811)

Neutral (11501)

10401 & 10251

10711 & 10777

10775



Technical Strategy


• Bullish stocks: MARUTI, HDFC BANK ICICI BANK and RELIANCE INDUSTRIES

• Bearish stocks: BRITANNIA, BEML, CANFINA HOMES, BHEL, AMARA RAJA

BATTERY, SUN TV, BOSCH.

• Show Me the Money: Sell SUN TV (615.60): Momentum oscillators in sell mode. Key

intraday hurdles at 632. Interweek Strategy: Sell between 619-622 zone, targeting

601 zone and then at 587-591 zone with stop above 635.

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

• Ashok Chawla steps down as Yes Bank Chairman with immediate effect.

His exit could be the outcome of the likely conflict of interest over his multiple roles

as NSE Chairman and the board member of other companies such as Yes Bank and

Jet Airways.

GLOBAL CUES:

• In Wednesday's trade, Wall Street ended lower as blue-chip Apple Inc. flirted with

bear-market territory.

Sentiments were already subdued after the Federal Reserve signaled that it would

continue to tighten monetary policy at a gradual pace. The absence of any major

changes to its commentary suggests that the central bank plans to raise interest

rates in December and plans three hikes next year, in line with market expectations.

FII/DII & OPTIONS DATA:

1. As per Wednesday’s Provisional Data available on the NSE, foreign institutional

investors (FIIs) bought shares worth Rs 277.38 crore and domestic institutional

investors sold Rs 272.24 crore worth of shares in the Indian equity market.

2. As per option data, key resistance level for the November series for Nifty are at

11,000 strike price as maximum call open interest of 34.39 lakh contracts were seen

at the 11,000 strike price. Key support level for the November series is at 10,200 as

Maximum Put open interest of 31.94 lakh contracts was seen at the 10,200 strike

price.

COMMODITY CUES:

• MCX Natural-gas was seen rocketing higher in yesterday's trade, settling at their

highest price since February 2014. Cold weather forecasts were seen as primary

catalyst for the jump in Natural Gas prices.

• Gold price traded sideways in yesterday's trade. Key medium term suppport seen at

30201 mark. Interweek strategy: Establish short positions between 31001-31101

zone, targeting 30201 mark and then aggressive targets at 30000 with stop at

31501.

• Copper prices were seen trading subdued in yesterday's trade. Interweek strategy:

Establish short positions between 437-441 zone, targeting 425 mark and then at

411-415 zone. Stop above 453.

• Crude-oil prices traded subdued in yesterday's trade. Confirmation of strength only

above 4601. Interweek strategy: Establish long positions at CMP, targeting 4601

and then 4823 zone with stop at 3851.

MACRO WATCH:

• Tanking oil prices could act as silver lining for our stock markets. Amid this backdrop,

RBI is unlikely to raise rates in December meeting as inflation continues to be on the

lower side. India's Consumer Inflation (CPI) has eased to 3.31% in October, slowest

in 13 months.

RELIANCE INDUSTRIES (RIL) is seen

consolidating at lower levels on daily charts. The

stock is seen attempting a major breakout from

a lower consolidation zone on daily charts, and

was down 0.14% in yesterday's trade.

Technically, the momentum oscillators are

signaling a major rebound on the buy mode. Any

move above 1137.50 zone will confirm strength

which also needs to be backed by increases in

volumes. The stock is seen moving up on daily

charts, backed by positive divergences.

Key support to watch in near term is at 1056 zone.

Medium term supports seen at 1021 zone.

Intermonth perspective: Establish long

positions between 1081-1089 zone, targeting

1127-1137.50 zone and then at 1165-1175 mark

with strict stop at 1041.

RELIANCE INDUSTRIES (RIL)

Action

Target

Support

Resistance

Holding Period

1099

BUY

1137.5

1071/1056

1121/1137.50

9 Days.




• On the political front, elections to the Chhattisgarh legislative assembly are scheduled to be held in the two phases. First phase for 18 seats

in South Chhattisgarh kicked off yesterday, 12 November 2018 and second for remaining 72 seats of North Chhattisgarh will be held on 20

November 2018. Combining a total of 90 constituencies. The tenure of Chhattisgarh legislative assembly ends on 5 January 2019. The

Madhya Pradesh and Mizoram assembly elections will be held on 28 November 2018. Polling in Rajasthan and Telangana will be held on 7

December 2018.

Counting of votes will be held across all the five states on 11 December 2018.

CURRENCIES & BONDS:

• In Wednesday's trade, the Indian Rupee strengthened by 35 Paise to end at 72.32 mark against Dollar. At the current level, the rupee is

down around 14% against the dollar so far this year. Supports for USD/INR seen at 71.75. Intermonth strategy: Buy between 72-72.25

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

What Technical Tells Us on Nifty: The benchmark Nifty was seen consolidating in yesterday's trade. The market breadth, indicating the overall

health of the market, was negative. The BSE Mid-Cap index rose 0.19%. The BSE Small-Cap index fell 0.21%.

The negative takeaway was that Dalal Street could not register gains despite crude-oil prices tumbling 7% in last 24 hours, and marking their 12th

straight session of losses.

Technically speaking, Intraday supports on Nifty are placed at 10401 and then at then at 10241 mark. The intraday bias shifts to neutral after

yesterday's range bound movement.

Long term supports for Nifty in near term 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 make or break hurdles are at 10707-10,775 zone. Intraday hurdles at 10,651 mark.

The price action for Nifty is suggesting that we are likely to see an 10251 -10,711 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 (10576): Sell on any excessive strength between 10671-10701 zone targeting 10401 zone and then aggressive

targets at 10257-10301 zone with stop at 10777.

Preferred trade on Bank Nifty (25970): Sell ONLY below 25289, targeting 24901 zone and then aggressive targets at 24200-24251 zone with

stop at 26201.

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


HDFC BANK seen rebounding from oversold zone on daily charts. Positive bias as long as 1901 support is held. Interweek Strategy: Buy between 1941-1945 zone, targeting 1981 and then at 2001-2011 zone with stop below 1913.

The sequence of higher high/low intact on daily charts. Interweek Strategy: Buy between 356-361 zone, targeting 369 zone and then more aggressive targets located at 385-389 zone. Stop below 346.

MARUTI has signalled a breakout from a probable 'flag pattern' on daily charts. Key intraday support seen at 7261. Interweek Strategy: Buy between 7261-7281 zone, targeting 7501 and then at 7775-7807 zone. Stop below 7151.

Momentum oscillators in sell mode. Key intraday hurdles at 632. Interweek Strategy: Sell between 619-622 zone, targeting 601 zone and then at 587-591 zone with stop above 635.

L&T FINANCIAL ended on a negative note in yesterday's trade, down 1.14%. Key intraday hurdles seen at 137. Intraday Strategy: Sell between 134-136 zone, targeting 128 and then at 122.50-123 zone. Stop 138.45.

There's a negative mood in SUN TV right now. Sell on any early strength.

HDFC BANK

ICICI BANK

MARUTI

SUN TV

L&T FINANCIAL

1957.75 1929 1901 1981 2011 Positive

366.6 356 347 369 389 Positive

7369 7261 7001 7501 7807 Positive

615.6 601 587 632 641 Negative

132.85 128 122.5 137 141 Negative



EQUITY DERIVATIVESLooking into the future from present.

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

Nifty Spot

VIX

Premium

Nifty Future 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)

Bank Nifty Spot

Bank Nifty OIFuture

Market Summary:

The benchmark Nifty witnessed a muted session yesterday, down -0.05% at

10576.30. The Nifty November Futures are now trading at a premium of +18 vs

+25.

Amongst Broader Indices, the BSE Midcap Index was up 0.19%. The BSE Smallcap

Index was down 0.21%. The BSE Midcap outderperformed the Sensex whereas the

small cap index underperformed.

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

Index (up 1.18%), BSE PSU Index (up 1.07%), BSE FMCG Index (up 0.94%).

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

(down 2.24%), BSE Teck Index (down 1.86%), BSE Healthcare Index (down

1.65%).

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

4.04%), BPCL (up 3.60%), UPL (up 3.05%)

Among stocks drifting down were: SUN PHARMA (down 7.29%), TECHM (down

3.58%), GAIL (down 3.52%).

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

Strike Price for November Series. Short built up was seen at strike prices 10600-

10800 for November series.

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

strike price for November series. Long build up was seen at strike prices 10600-

10750 for November series

As per Wednesday’s Provisional Data available on the NSE, FII’s bought shares

worth Rs. 277.38 crores in the Indian Equity Market. DIIs on the other hand, sold

shares worth Rs. 272.24 crores in the Indian Equity market.

Highest OI Nifty: Calls 11000: 34.27 L - Puts 10000: 48.52

Highest OI Bank Nifty: Calls 26000: 7.83 L - Puts 25000: 9.30 L

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

Long Buildup: SBIN, ICICI BANK, APOLLO TYRES, INDIGO, MARICO.

Short Buildup: ASHOK LEYLAND, SUN PHARMA, MOTHERSON, JINDAL, DLF.

Short Covering: BPCL, CANBK, UNIONBK, KTK, DABUR.

Long Unwinding: GRANULES, L&T, VOLTAS, ICICIPRU, MGL.

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

New In Ban: NIL.

Out of Ban: NIL.

Future Call: BUY CANARA BANK NOVEMBER FUTURES between

249-251. Targets at 259 and then at 267. Stop: 244. Holding

Period: Intraday. Analyst’s Remark: Momentum Play (Canara Bank

November Futures CMP 252.60).

Option Call: BUY BANK NIFTY 29th NOVEMBER CE strike price

26200 at CMP 209.25. Profit: Unlimited. Maximum Loss: Rs. 4,185.

Stop: Exit Call option if Bank Nifty moves below 25700. (Bank Nifty

November Futures CMP 25836.05).

10576.30 (-0.059%)

25930.15 (+0.63%)

18.79 (+0.50%)

+18 vs +25

2.44 crores (+1.40%)

15.22 lakhs (+13.97%)

3415.09 2526.5

35973.53 27331.01

1000275 736362

392712 25002

1032802 59909

15684355 864733

843143 50630

17953012 1000275

Calls in lakhs (% Change)

10700 27.78 (+7%)

10800 30.26 (+6%)

10600 25.3 (+12%)

Puts in lakhs (% Change)

10500 25.72 (+6%)

10600 15.75 (+37%)

10400 23.2 (+9%)


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 10576.3 10522.13 10467.97 10641.03 10705.77 10586.87 10758.01 DOWN

BANKNIFTY 25930.15 25809.55 25688.95 26047.9 26165.65 25927.3 26045 DOWN

NIFTYMID50 4801.65 4773.2 4744.75 4840.6 4879.55 4812.15 5018.14 DOWN

ACC 1473.9 1453.6 1433.3 1490.6 1507.3 1470.3 1498.88 DOWN

ADANIENT 160.85 158.15 155.45 163.65 166.45 160.95 131.92 UP

ADANIPORTS 332 328.67 325.33 336.17 340.33 332.83 375.16 DOWN

AJANTPHARM 1072.8 1061.2 1049.6 1083.4 1094 1071.8 1181.93 DOWN

ALBK 38.7 37.35 36 39.85 41 38.5 45.5 DOWN

AMARAJABAT 736.15 728.97 721.78 747.67 759.18 740.48 798.98 DOWN

ANDHRABANK 28.55 28.17 27.78 29.12 29.68 28.73 36.28 DOWN

APOLLOTYRE 223.35 219.4 215.45 228.9 234.45 224.95 259.97 DOWN

ARVIND 312.45 307.87 303.28 316.92 321.38 312.33 390.24 DOWN

ASHOKLEY 106.5 103.67 100.83 111.67 116.83 108.83 133.5 DOWN

ASIANPAINT 1320.55 1302.38 1284.22 1338.33 1356.12 1320.17 1251.58 UP

AUROPHARMA 783.1 771.03 758.97 790.08 797.07 778.02 643.25 UP

AXISBANK 612.7 606.57 600.43 621.07 629.43 614.93 558.67 UP

BAJAJ-AUTO 2676.5 2647.37 2618.23 2710.27 2744.03 2681.13 2838.61 DOWN

BAJAJFINSV 5577.65 5542.43 5507.22 5630.43 5683.22 5595.22 5788.69 DOWN

BAJFINANCE 2293.95 2267.63 2241.32 2317.63 2341.32 2291.32 2169.17 UP

BALKRISIND 963.05 953.87 944.68 973.37 983.68 964.18 1145.67 DOWN

BALRAMCHIN 113.3 109.2 105.1 117.7 122.1 113.6 83.01 UP

BANKBARODA 112.75 110.12 107.48 114.67 116.58 112.03 133.46 DOWN

BANKINDIA 82.5 81.12 79.73 83.87 85.23 82.48 100.29 DOWN

BATAINDIA 998.6 986.07 973.53 1017.07 1035.53 1004.53 842.57 UP

BEL 95.8 94.02 92.23 97.77 99.73 95.98 120.05 DOWN

BEML 709.3 696.27 683.23 725.42 741.53 712.38 931.78 DOWN

BERGEPAINT 320.25 312.6 304.95 328.9 337.55 321.25 283.43 UP

BHARATFIN 942.15 928.53 914.92 953.83 965.52 940.22 1100.45 DOWN

BHARATFORG 584.8 578.77 572.73 595.27 605.73 589.23 667.82 DOWN

BHARTIARTL 301.3 295.6 289.9 309.4 317.5 303.7 376.02 DOWN

BHEL 66.05 64.77 63.48 68.27 70.48 66.98 79.67 DOWN

BIOCON 624.55 616.43 608.32 630.33 636.12 622.22 620.05 UP

BPCL 315.95 309.4 302.85 325.95 335.95 319.4 388.5 DOWN

BRITANNIA 5770.75 5713.9 5657.05 5845.3 5919.85 5788.45 5646.29 UP

CANBK 252.65 245.37 238.08 258.67 264.68 251.38 265.5 DOWN

CANFINHOME 278.3 274.73 271.17 283.18 288.07 279.62 374.41 DOWN

CAPF 482.6 478.12 473.63 487.32 492.03 482.83 585.39 DOWN

CASTROLIND 151 148.5 146 155 159 152.5 172.72 DOWN

CEATLTD 1251.7 1234.52 1217.33 1275.92 1300.13 1258.73 1404.31 DOWN

CENTURYTEX 893.55 873.73 853.92 910.43 927.32 890.62 1014.17 DOWN

CESC 681.9 667.17 652.43 700.72 719.53 685.98 954.78 DOWN

CGPOWER 33.7 31.97 30.23 36.32 38.93 34.58 65.12 DOWN

CHENNPETRO 272.1 266.22 260.33 281.82 291.53 275.93 311.62 DOWN

CHOLAFIN 1281 1251.72 1222.43 1325.92 1370.83 1296.63 1438.8 DOWN

CIPLA 519.55 513.5 507.45 529.1 538.65 523.05 601.7 DOWN

COALINDIA 265.75 264 262.25 267.25 268.75 265.5 280.51 DOWN

COLPAL 1111.75 1101.97 1092.18 1119.12 1126.48 1109.33 1124.15 DOWN

CONCOR 667.3 656.4 645.5 675.8 684.3 664.9 647.26 UP

CUMMINSIND 789.9 776 762.1 807.9 825.9 794 732.3 UP

DABUR 378.85 371.53 364.22 383.63 388.42 376.32 383.03 DOWN

DALMIABHA 2123.05 2101.28 2079.52 2153.63 2184.22 2131.87 2593.89 DOWN

DCBBANK 157.35 155.62 153.88 159.47 161.58 157.73 170.65 DOWN

DHFL 238.9 235.33 231.77 243.68 248.47 240.12 532.7 DOWN

DISHTV 38.95 37.37 35.78 41.17 43.38 39.58 67.61 DOWN

DIVISLAB 1503.85 1473.9 1443.95 1544.25 1584.65 1514.3 1165.53 UP

DLF 162.65 158.28 153.92 170.48 178.32 166.12 200.46 DOWN

DRREDDY 2449.25 2414.03 2378.82 2477.23 2505.22 2442.02 2254.04 UP

EICHERMOT 23240.1 22802.73 22365.37 23930.73 24621.37 23493.37 27700.88 DOWN

ENGINERSIN 117 114.17 111.33 121.37 125.73 118.53 139.72 DOWN

EQUITAS 111.45 107.2 102.95 115.7 119.95 111.45 142.66 DOWN

ESCORTS 656.25 646.63 637.02 667.43 678.62 657.82 836.24 DOWN

EXIDEIND 251.45 248.7 245.95 253.7 255.95 250.95 250.23 UP

FEDERALBNK 78.5 77.67 76.83 79.87 81.23 79.03 86.72 DOWN

FORTIS 140.5 139.12 137.73 142.82 145.13 141.43 143.28 DOWN

GAIL 352.55 345.63 338.72 363.38 374.22 356.47 349.95 UP

GLENMARK 655.1 635.93 616.77 679.58 704.07 660.42 583.32 UP

GMRINFRA 16.2 15.92 15.63 16.47 16.73 16.18 18.03 DOWN

GODREJCP 712.75 691.68 670.62 725.38 738.02 704.32 798.35 DOWN

GODREJIND 501.15 492.87 484.58 508.32 515.48 500.03 568.56 DOWN

GRANULES 103.5 101.72 99.93 105.57 107.63 103.78 102.39 UP

GRASIM 876.35 865.67 854.98 889.37 902.38 878.68 1031.42 DOWN

GSFC 107.55 105.77 103.98 110.07 112.58 108.28 116.84 DOWN

HAVELLS 672.6 667.07 661.53 677.57 682.53 672.03 575.1 UP

HCC 13.9 13.7 13.5 14.15 14.4 13.95 19.07 DOWN

HCLTECH 997.1 962.93 928.77 1031.33 1065.57 997.17 980.32 UP

HDFC 1839.15 1829.6 1820.05 1849.35 1859.55 1839.8 1856.35 DOWN

HDFCBANK 1957.75 1942.9 1928.05 1966.3 1974.85 1951.45 1997.89 DOWN

HDIL 22.6 21.73 20.87 23.03 23.47 22.17 31.42 DOWN

HEROMOTOCO 2847.55 2804.57 2761.58 2908.97 2970.38 2865.98 3394.94 DOWN

HEXAWARE 318.15 311.52 304.88 323.27 328.38 316.63 414.07 DOWN

HINDALCO 229.5 227.4 225.3 232.5 235.5 230.4 231.7 DOWN

HINDPETRO 243.7 236.08 228.47 256.48 269.27 248.87 298.72 DOWN

HINDUNILVR 1715.5 1675.87 1636.23 1747.32 1779.13 1707.68 1542.31 UP

HINDZINC 264.6 262.83 261.07 266.48 268.37 264.72 294.43 DOWN

IBREALEST 90.95 89.3 87.65 93.5 96.05 91.85 163.77 DOWN

IBULHSGFIN 839.3 831.27 823.23 851.12 862.93 843.08 1178.12 DOWN

ICICIBANK 366.6 361.97 357.33 370.57 374.53 365.93 306.85 UP

ICICIPRULI 336.6 326.6 316.6 349.15 361.7 339.15 387.17 DOWN

ICIL 61 59.98 58.97 62.63 64.27 61.62 81.76 DOWN

IDBI 60.6 59.43 58.27 61.33 62.07 60.17 62.85 DOWN

IDEA 41.4 39.97 38.53 42.42 43.43 40.98 60.57 DOWN

IDFC 38.5 37.88 37.27 38.98 39.47 38.37 48.52 DOWN

IDFCBANK 35.7 35.37 35.03 36.07 36.43 35.73 44 DOWN

IFCI 13.75 13.55 13.35 14 14.25 13.8 18 DOWN

IGL 270.35 266.97 263.58 275.37 280.38 271.98 277.03 DOWN

INDIACEM 90.7 89.8 88.9 92.05 93.4 91.15 125.91 DOWN

INDIANB 226.15 222.23 218.32 230.83 235.52 226.92 312.63 DOWN

INDIGO 1048.45 1011.27 974.08 1073.82 1099.18 1036.63 1124.65 DOWN

INDUSINDBK 1513.55 1494.37 1475.18 1530.87 1548.18 1511.68 1804 DOWN

INFIBEAM 53.3 50.87 48.43 56.87 60.43 54.43 152.89 DOWN

INFRATEL 260.05 257.43 254.82 262.08 264.12 259.47 303.74 DOWN

INFY 653.2 640.57 627.93 665.77 678.33 653.13 635.42 UP

IOC 145.4 141.23 137.07 152.53 159.67 148.37 165.05 DOWN

IRB 139.2 136.75 134.3 142.1 145 139.65 205.85 DOWN

ITC 276.45 274.6 272.75 278.35 280.25 276.5 279.4 DOWN

JETAIRWAYS 257.9 253.27 248.63 264.27 270.63 259.63 440.42 DOWN

JINDALSTEL 175.9 171.23 166.57 183.93 191.97 179.27 223.45 DOWN

JISLJALEQS 73.6 72.33 71.07 74.53 75.47 73.27 95.1 DOWN

JPASSOCIAT 6.7 6.5 6.3 6.95 7.2 6.75 14.65 DOWN

JSWENERGY 71.05 70.1 69.15 72.55 74.05 71.6 72.44 DOWN

JSWSTEEL 339.6 333.32 327.03 349.82 360.03 343.53 331.32 UP

JUBLFOOD 1154.45 1139.87 1125.28 1173.52 1192.58 1158.93 1250.26 DOWN

JUSTDIAL 480.25 471.53 462.82 492.73 505.22 484.02 503.19 DOWN

KOTAKBANK 1129.9 1109.87 1089.83 1162.47 1195.03 1142.43 1202.86 DOWN

KPIT 210.2 207.63 205.07 213.68 217.17 211.12 250.69 DOWN

KSCL 516.05 494.83 473.62 535.63 555.22 514.42 536.88 DOWN

KTKBANK 107.1 105.77 104.43 108.42 109.73 107.08 117.72 DOWN

L&TFH 133.85 131.82 129.78 136.57 139.28 134.53 159.67 DOWN

LICHSGFIN 453.7 442.6 431.5 462.2 470.7 451.1 499.23 DOWN

LT 1384.7 1376.47 1368.23 1395.47 1406.23 1387.23 1318.99 UP

LUPIN 840.25 827.47 814.68 856.67 873.08 843.88 838.48 UP

M&M 769.6 757.6 745.6 789.5 809.4 777.5 840.02 DOWN

M&MFIN 433.35 427.48 421.62 442.68 452.02 436.82 459.29 DOWN

MANAPPURAM 85.1 84.33 83.57 86.23 87.37 85.47 101.96 DOWN

MARICO 347.8 340.05 332.3 352.75 357.7 345 329.4 UP

MARUTI 7369.05 7229.77 7090.48 7458.67 7548.28 7319.38 8648.44 DOWN

MCDOWELL-N 647.95 637.07 626.18 655.92 663.88 645.03 624.01 UP

MCX 697.25 688.87 680.48 710.72 724.18 702.33 772.93 DOWN

MGL 842.1 827.1 812.1 861.05 880 846.05 891.17 DOWN

MOTHERSUMI 153.15 144.77 136.38 167.77 182.38 159.38 204.23 DOWN

MRF 65545.95 64943.97 64341.98 66443.97 67341.98 65841.98 72193.88 DOWN

MRPL 81.7 79.22 76.73 85.72 89.73 83.23 94.84 DOWN

MUTHOOTFIN 460 450.4 440.8 469.3 478.6 459.7 410.39 UP

NATIONALUM 66.65 65.87 65.08 67.97 69.28 67.18 69.4 DOWN

NBCC 65.55 64.57 63.58 66.72 67.88 65.73 83.31 DOWN

NCC 87.4 85.43 83.47 89.98 92.57 88.02 104.46 DOWN

NMDC 108.1 106.12 104.13 109.97 111.83 107.98 116.15 DOWN

NTPC 157.35 155.63 153.92 159.83 162.32 158.12 163.98 DOWN

OIL 203 201.53 200.07 204.73 206.47 203.27 217.64 DOWN

ONGC 161 157.53 154.07 164.18 167.37 160.72 173.27 DOWN

ORIENTBANK 85.6 82.5 79.4 88.7 91.8 85.6 84.41 UP

PCJEWELLER 86.5 83.33 80.17 90.83 95.17 87.67 189.47 DOWN

PEL 2288.95 2262.03 2235.12 2315.43 2341.92 2288.52 2539.66 DOWN

PETRONET 221.35 219.63 217.92 224.03 226.72 222.32 227.04 DOWN

PFC 103.95 102.55 101.15 105 106.05 103.6 87.02 UP

PIDILITIND 1096.35 1071.93 1047.52 1113.88 1131.42 1089.47 1027.45 UP

PNB 70.75 69.88 69.02 71.83 72.92 70.97 91.48 DOWN

POWERGRID 185.95 184.37 182.78 187.27 188.58 185.68 194.53 DOWN

PTC 78.75 76.67 74.58 81.07 83.38 78.98 85.3 DOWN

PVR 1419.7 1404.17 1388.63 1435.07 1450.43 1419.53 1326.32 UP

RAMCOCEM 611.3 608.37 605.43 615.87 620.43 612.93 712.53 DOWN

RAYMOND 765.05 735.08 705.12 786.63 808.22 756.67 894.13 DOWN

RBLBANK 548.7 542.05 535.4 556.1 563.5 549.45 529.11 UP

RCOM 13.7 13.37 13.03 13.97 14.23 13.63 17.9 DOWN

RECLTD 124.9 123.47 122.03 126.47 128.03 125.03 119.12 UP

RELCAPITAL 252.6 247.27 241.93 260.12 267.63 254.78 396.73 DOWN

RELIANCE 1097.95 1084.75 1071.55 1111.9 1125.85 1098.7 1036.64 UP

RELINFRA 350.7 343.68 336.67 358.38 366.07 351.37 412.97 DOWN

REPCOHOME 409.3 401.23 393.17 420.13 430.97 412.07 545.33 DOWN

RPOWER 30.5 30.07 29.63 30.92 31.33 30.48 35.36 DOWN

S&P500 2722.18 2706.57 2690.97 2746.19 2770.21 2730.59 2761.44 DOWN

SAIL 64.15 63.52 62.88 65.27 66.38 64.63 76.57 DOWN

SBIN 283.6 278.5 273.4 288.2 292.8 283.1 271.21 UP

SHREECEM 15293.5 15029.8 14766.1 15578.6 15863.7 15314.9 16588.46 DOWN

SIEMENS 885.8 869.08 852.37 913.43 941.07 896.72 1042.1 DOWN

SOUTHBANK 14.85 14.62 14.38 15.22 15.58 14.98 21.68 DOWN

SREINFRA 35.35 34.2 33.05 36.8 38.25 35.65 64.7 DOWN

SRF 2044.1 2023.53 2002.97 2076.08 2108.07 2055.52 1900.24 UP

SRTRANSFIN 1239.35 1220.93 1202.52 1264.83 1290.32 1246.42 1343.18 DOWN

STAR 458.1 449.53 440.97 470.18 482.27 461.62 517.35 DOWN

SUNPHARMA 520.1 504.47 488.83 547.27 574.43 531.63 557.69 DOWN

SUNTV 613.75 603.82 593.88 627.12 640.48 617.18 820.63 DOWN

SYNDIBANK 34.5 33.92 33.33 35.02 35.53 34.43 47.47 DOWN

TATACHEM 699.5 689.4 679.3 709.2 718.9 699.1 708.4 DOWN

TATACOMM 524.9 514.32 503.73 531.97 539.03 521.38 581.9 DOWN

TATAELXSI 993.95 982.05 970.15 1011.3 1028.65 999.4 1184.26 DOWN

TATAMOTORS 176.8 174.37 171.93 181.12 185.43 178.68 291.16 DOWN

TATAMTRDVR 97.2 95.6 94 99.25 101.3 97.65 163.92 DOWN

TATAPOWER 77.95 76.05 74.15 79.3 80.65 77.4 77.61 UP

TATASTEEL 589.1 578.73 568.37 605.03 620.97 594.67 594.12 DOWN

TCS 1880.65 1857.13 1833.62 1917.03 1953.42 1893.52 1792.17 UP

TECHM 700.25 685.6 670.95 721.4 742.55 706.75 670.99 UP

TITAN 892.2 884.3 876.4 898.8 905.4 890.9 875.29 UP

TV18BRDCST 36.5 36.05 35.6 37.1 37.7 36.65 52.17 DOWN

TVSMOTOR 554.15 547.3 540.45 559.2 564.25 552.35 594.03 DOWN

UBL 1301.45 1286.4 1271.35 1315.1 1328.75 1300.05 1167.56 UP

UJJIVAN 217.6 212.13 206.67 221.43 225.27 215.97 348.59 DOWN

ULTRACEMCO 3917.05 3838.83 3760.62 3986.78 4056.52 3908.57 3981.48 DOWN

UNIONBANK 80.65 79.33 78.02 82.73 84.82 81.42 90.26 DOWN

UPL 760.25 743.9 727.55 769.2 778.15 752.85 687.15 UP

VEDL 204.1 202.47 200.83 206.82 209.53 205.18 257.19 DOWN

VOLTAS 542.35 535.9 529.45 550.4 558.45 543.95 576.4 DOWN

WIPRO 324.55 320.1 315.65 327.55 330.55 323.1 290.94 UP

YESBANK 222.4 219.27 216.13 227.27 232.13 224.13 317.83 DOWN

ZEEL 435.2 413.93 392.67 463.23 491.27 441.97 533.12 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 sideways in yesterday's trade. Key medium term suppport seen at 30201 mark. Interweek strategy: Establish short positions between 31001-31101 zone, targeting 30201 mark and then aggressive targets at 30000 with stop at 31501.

Silver prices traded with slight negative bias in yesterday's trade. Interweek strategy: Establish short positions only on strength between 37101-37251 zone, targeting 36001 mark and then aggressive targets at 35221-35551 zone with stop at 37749.

Crude-oil prices traded extremely weak in yesterday's trade. Confirmation of strength only above 4601. Interweek strategy: Establish long positions at CMP, targeting 4601 and then 4823 zone with stop at 3851.

Copper prices were seen trading subdued in yesterday's trade. Interweek strategy: Establish short positions between 437-441 zone, targeting 425 mark and then at 411-415 zone. Stop above 453.

Natural Gas prices flared up in yesterday's trade. Interweek strategy: Establish long positions between 311-315 zone, targeting 335 and then aggressive targets at 341-351 zone with stop at 307.

Key support for th Indian Rupee now at 71.75. Intermonth strategy: Buy between 72-72.25 zone, targeting 75 and then aggressive targets at 77 with strict stop below 71.45.

30700 30201 30000 31457 31901 Neutral

36370 36000 35221 37749 38381 Neutral

4092 4000 3859 4601 4823 Neutral

431 425 411 453 461 Neutral

327.00 311.00 291.00 335.00 351.00 Neutral

72.32 71.75 70.00 75.00 77.00 Positive

USD/INR: Supports seen at 71.75. Establish long positions on any corrective declines.

Instrument TRADING STRATEGYLTP S1 S2 R1 R2


GOLD $

SILVER ($)

WTI CRUDE OIL ($ )

EUR/USD

Forecast and Analysis …Sailing global trend

Bias

DOW JONES

US Dollar Index



Crude oil prices subdued as traders weigh rising crude supplies against lingering questions about demand. Strength seen only above 61.

Gold prices were seen trading with negative bias in yesterday's trade. Hurdles now seen at 1245. Confirmation of major strength only above 1245. Interweek Strategy: Sell between 1217-1225 zone, targeting 1189 and then at 1177-1183 zone with stop above 1247.

Silver prices too were trading with negative bias tracking sluggishness in yellow metal. Hurdles now seen at 15.05. Confirmation of major strength only above 15.45. Interweek Strategy: Sell between 14.45-15.65 zone, targeting 13.75 zone and then at 13.05 with stop above 15.11.

Crude-oil prices were seen trading with negative bias in yesterday's trade. Confirmation of strength only above 63.50. Inerweek strategy: Establish long positions at CMP, targeting 61 zone and then 65-67.50 zone with stop at 52.45.

We have a negative bias on EUR/USD. Major weakness seen only below 1.1201. Selling on strength should be preferred strategy.

We have positive bias for US Dollar Index. Hurdles at 99. Aggressive upside targets seen at 101. Downside well supported at 95. Major weakness now only below 92.50.

In yesterday's trade at Wall Street, the Dow Jones index was seen trading volatile after Apple Inc slumped. Dow faces major hurdles at 27200.

1204 1189 1177 1225 1245 Neutral

14.13 13.75 13.05 15.05 16.09 Neutral

56.66 55 52.5 61 67.5 Neutral

1.1315 1.1201 1.1100 1.1505 1.1777 Negative

96.99 95.00 92.50 99.00 101.00 Positive

25101 24445 23751 25901 27201 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

140.45 139.4 138.35 142.15 143.85 146.02 137.8 DOWN

1486 1451 1414.83 1501 1527 1138.57 1402 UP

6184 6078.67 5973.33 6264.67 6345.33 4416.27 5694 UP

4550 4550 4550 4550 4550 3843.33 4450 UP

430.05 425.13 420.22 438.18 446.32 445.02 443.85 UP

22420 22266.67 22193.33 22501 22551 21785.8 22640 DOWN

4103 4001 3899 4269 4435 4626.06 4695 UP

30769 30707 30645 30875 30981 30705.21 31460 DOWN

9996 9959.67 9923.33 10022.67 10049.33 8994.33 9845 DOWN

4759.5 4726.17 4692.83 4801.67 4843.83 4189.22 4584 UP

20205 20103.33 20001.67 20348.33 20491.67 17440.55 20980 UP

140.45 138.58 136.72 141.83 143.22 154.09 134.98 DOWN

1797 1787 1751 1831.47 1844.43 1481.62 1727.8 UP

327 311 291 332 351 199 287 UP

814 808.83 798.67 833.73 848.47 927.75 863.4 UP

4134 4120.33 4106.67 4144.33 4154.67 4051.54 3944 DOWN

36385 36235 36085 36655 36925 38674.23 37615 UP

3050 3050 3050 3050 3050 3614.83 3015 DOWN

3371 3335 3299 3422 3473 3519.38 3283.5 UP

183.95 182.15 180.35 186.95 189.95 198.8 186.67 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. 11. 15. · COMMODITY CUES: • MCX Natural-gas was seen rocketing higher in yesterday's trade, settling at their highest