Comfort Securities Limited Daily Research Reports...• Technically speaking, Intraday supports on Nifty are placed at 10471 and then at then at 10291 mark. The intraday bias continues

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Welcome Note

Monday26th 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 Monday's trading action at Dalal Street, dated 26th of

November 2018.

Here we go again!

The global cues are more of the same from Thursday! More bad news for stock investors at

Dalal Street amidst weak close at Wall Street in Friday's trade.

Wall Street tumbled again in Friday' trade, primarily pressured by falling oil prices, which

drove the indexes to weekly loses of more than 3.5% — the second straight week of

declines.

The big question: After a subdued start, what next?

Our call of the day suggests an uninspiring performance likely at Dalal Street. That said,

fresh drubbing only below Nifty 10,451.

Well, if benchmark Nifty slips below 10,451 mark then the perma-bulls have only one

option: Just drop to two knees… lower chin to their chest… and pray.

The only silver lining for our stock markets in today's trade tanking crude-oil

prices. Softening of crude price and favorable consumer inflation data could see the

Reserve Bank of India (RBI) defer the rate hike in its upcoming monetary policy,

If you recollect, rising oil prices had concerned investors just sometime back. Tanking oil

prices could be a positive trigger for our stock markets. But having said that, please note

that the ongoing bout of weakness in Crude oil prices are seen as early signs of

global slowdown.

The other positive catalyst in favor of bulls camp could be a feeling that

Federal Reserve's rate hike expectations are softening. Well, if the Fed softens

its stand a bit on the rate front then expect a Santa rally!

Bottom-line: It makes sense for the perma-bulls camp to curb their

enthusiasm on any intraday strength. There is a sinking feeling for Nifty. Caution

should still be the buzzword and investors' need to brace themselves for the worst-case

scenario!!

Also please note, Brexit negotiations and Italy's woes are likely to keep EM sentiments

fragile.

Long story short: Buying advised only above 10,761 mark on Nifty.

Meanwhile, the key corporate events lined up this week:

• ARVIND 28-Nov-18 Spin Off.

• BRITANNIA 29-Nov-18 Stock Split From Rs.2/- to Rs.1/-

• DALMIABHA 29-Nov-18 Amalgamation.

And the upcoming events that are lined up in near term are:

A. 5 December 2:30 PM RBI POLICY.

B. 6 December OPEC meeting.

C. 7 December After 6:00 PM 5 States Exit polls.

D.11 December 5 states Chhattisgarh, Mizoram, Rajasthan, Telangana, Madhya

Pradesh results.

Outlook for Monday: Nifty unlikely make a sizeable comeback.

At the time of writing, SGX Nifty futures were seen trading cautiously, up 20 points at

10,546, indicating a slight positive start for our stock markets.

10527 -0.69%

25999 -1.00%

9063 -0.63%

29244 -0.50%

3095 -0.48%

13836 -0.31%

2468 1.42%

4790 -1.15%

3215 -1.77%

9302 -0.78%

227 -1.35%

6204 0.37%

34981 -0.62%

10545 0.19%

Volatile session likely.

Neutral (10571-10697)

Neutral (9750-10811)

Neutral (11501)

10451 & 10291

10645 & 10777

11111



Technical Strategy


Expect trading to be little volatile as the sentiment is decisively bearish as on Thursday's

close. A combination of threats likely to further drive the sell-off at our stock markets too.

1. Liquidity crises being faced especially by the MSMEs

2. FIIs still in exit mode.

3. The ongoing bout of weakness in Crude oil prices are seen as early signs

of global slowdown.

4. Lingering uncertainty surrounding U.S China trade issues. Worldwide

investors are likely to gear up to the much anticipated Trump and Chinese President

Xi Jinping's scheduled G20 summit on 30 Nov - 1 December in Buenos Aires.

5. Deteriorating technical conditions as Nifty seen unable to move past its key hurdles

at 200 DMA at 10761 mark.

6. Uncertainty surrounding assembly election outcome. The big investors

camp are likely to pay close attention the elections in five states which will conclude

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

December 11.

Please note, three states Chhattisgarh and Madhya Pradesh, Rajasthan are ruled by BJP

and the election outcome will be crucial.

STOCKS TO WATCH:

• Our chart of the day suggests establishing short positions in stocks like VEDANTA,

JAIN IRRIGATION and YES BANK on any intraday strength with 2-3 days

perspective.

• Bullish stocks: DLF, BAJAJ FINANCE, BAJAJ FINSERV.

• Bearish stocks: MCX, BALKRISHNA INDUSTRIES, APOLLO TYRES, GODFREY

PHILIPS, HINDALCO, JAIN IRRIGATION.

• Show Me the Money: SELL NIFTY NOVEMBER CE strike price 10750 at CMP 8.65.

Maximum Profit: Rs, 648.75. Loss: Unlimited. Stop: Exit Call option if Nifty moves

above 10700. (Nifty November Futures CMP 10525).

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

AIRWAYS.

GLOBAL CUES:

• Wall Street wrapped last week's trade, the Nasdaq tumbled 4.3%, the Dow ended

the week 4.4% lower, while the S&P 500 notched a week-on-week decline of 3.8%.

FII/DII & OPTIONS DATA:

• As per Thursday’s Provisional Data available on the NSE, FII’s bought shares worth

Rs. 446.24 crores in the Indian Equity Market. DIIs too bought shares worth Rs.

49.68 crores in the Indian Equity market.

COMMODITY CUES:

• Gold price traded range bound in Friday's trade. Key support seen at 30201 mark.

Interweek strategy: Establish long positions at CMP, targeting 31457 mark and then

aggressive targets at 31901 with stop at 30201.

• Copper prices were seen trading range bound in yesterday's trade. Interweek

strategy: Establish long positions only above 442.50 zone, targeting 453 mark and

then at 455-461 zone. Stop below 421.

BANK NIFTY ended on a extremely weak note in

Thursday's trade, down 1%.

Bank Nifty was seen breaking down from a higher

consolidation zone on daily charts. Profit booking

was seen as the primary theme.

Technically, the momentum oscillators are

signaling a major plunge in the Bank Index price.

The index could fall below its intermediate low at

24250. Any move below 24250 will confirm

major weakness which also needs to be backed

by increases in volumes. The index is seen

moving down on daily charts, backed by negative

divergences.

Key support to watch in near term is at 25561

zone. Medium term supports seen at 24250 zone.

Sell between 26101-26251 zone, targeting 25575

zone and then at 25001 aggressive targets at

24251-24501 zone with stop at 26901.

BANK NIFTY

Action

Target

Support

Resistance

Holding Period

25999

Sell

25001

25561/24251

26451/26901

5 Days.




MACRO WATCH:

• On the economic front, the U.S. homebuilder sentiment hit the lowest level in two years, according to the National Association of Home

Builders. The association said its index of builder confidence dropped 8 points to 60, missing analyst expectations for the key metric.

CURRENCIES & BONDS:

• The forex markets were closed on Friday. In Thursday's trade, the rupee rose by 76 paise to end at 70.70 against the US dollar. Helping

sentiments were softening crude oil prices, and persistent foreign fund inflows. Technically, oversold conditions prevail. Buying USD/INR

advised only above 72.45.

WHAT TECHNICALS TELLS US ON NIFTY:

• Dalal Street slipped hard in Thursday's trade, ending the session firmly in negative territory following weakness in global stock markets and

despite weakness in crude oil prices.

• The benchmarks Sensex and Nifty ended in red for third consecutive day.

Net-net, it was a tough day for our stock markets. The market breadth, indicating the overall health of the market, was weak. The BSE Mid-

Cap index fell 0.74%. The BSE Small-Cap index fell 0.44%.

• Technically speaking, Intraday supports on Nifty are placed at 10471 and then at then at 10291 mark. The intraday bias continues to be

neutral as Nifty was unable to move above the make or break hurdles at 10757-10,775 zone.

• Long term supports for Nifty in near term is at 9,951 mark. The technical landscape will worsen further only 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 price action for Nifty is suggesting that we are likely to see an 10251 -10,751 range in near term with neutral bias. The bigger battle for

bulls camp would be reclaiming Nifty's 200 DMA at 10,761. Our sense is that there is a good chance that profit booking will emerge amidst

lack of any key positive triggers.

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

Preferred trade on Nifty: Nifty (10526.70): Sell on early

strength between 10575-10601 zone, targeting 10471 zone

and then aggressive targets at 10291-10301 zone with stop

at 10751.

Preferred trade on Bank Nifty (25999): Sell between

26101-26251 zone, targeting 25575 zone and then at 25001 aggressive targets at 24251-24501 zone with stop at 26901.

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


JAIN IRRIGATION ended on a negative note in Thursday's trade, down 4.06%. Key intraday hurdles seen at 71.50. Interweek Strategy: Sell between 69-71 zone, targeting 62.50-65 zone and then aggressive targets seen at 55-57.50 zone. Stop 73.05.

Negative bias as long as 111 resistance is held. Major weakness below 92.50. Interweek Strategy: Sell between 100.50-103 zone, targeting 92.50 zone and then more aggressive targets located at 85-87.50 zone. Stop above 107.85.

The intraday/interweek risk is on the downside with immediate targets at 1067.50. Momentum oscillators signaling major weakness. Interweek Strategy: Sell between 1107-1111 zone, targeting 1085 and then aggressive targets at 1067.50-1071 zone with stop above 1137.55.

VEDANTA is signaling a break down from a probable 'desending triangle' on the daily charts. Key intraday hurdles seen at 205. Intraday Strategy: Sell between 199-201 zone, targeting 192 and then at 175-177.50 zone. Stop 207.45.

Momentum oscillators signaling weakness. Confirmation of weakness below 187.50. Key intraday hurdles seen at 213. Intraday Strategy: Sell between 198-201 zone, targeting 187.50 and then at 171-175 zone. Stop 213.

There's a negative mood in the markets right now. Vedanta preferred bet on sell side.

JAIN IRRIGATION

PFC

RELIANCE INDUSTRIES (RIL)

VEDANTA (VEDL)

YES BANK

68.5 62.5 55 71.5 75 Negative

99.35 92.5 85 105 111 Negative

1102.85 1085 1067.5 1121 1137.5 Negative

199.6 192 175 205 213 Negative

195.4 187.5 171 205 213 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 ended last week on a negative note, down 1.45% at 10526.75

mark. The Nifty November Futures traded at a discount of -02 against a premium of

+27 ahead of F&O expiry scheduled this Thursday on 29th November.

The BSE Mid-Cap underperformed the benchmarks as it was down 0.74%. The BSE

Small-Cap index outperformed at it was down 0.44%.

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

Index (down 1.84%), BSE Power Index (down 1.21%), BSE Realty Index (down

1.20%).

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

(4.23%), ADANI PORTS (up 2.01%), LARSEN (up 0.52%)

Among stocks drifting down were: M&M (down 3.02%), GRASIM (down 2.52%),

HINDALCO (down 2.51%).

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

Strike Price for November Series. Short buildup was seen at strike prices 10500-

10700 for November series.

Maximum Put Open Interest (OI) was seen at strike price 10000 followed by 9800

strike price for November series. Short covering was seen at strike prices 10600-

10900 for November series

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

Rs. 446.24 crores in the Indian Equity Market. DIIs too bought shares worth Rs.

49.68 crores in the Indian Equity market.

Highest OI Nifty: Calls 10700: 38.06 L - Puts 10000: 38.48

Highest OI Bank Nifty: Calls 26500: 8.60 L - Puts 25500: 6.11 L

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

Long Buildup: ZEEL, CAPF, VGUARD, DALMIABHART.

Short Buildup: SAIL, BHARTI AIRTEL, TATA STEEL, JAIN IRRIGATION, SUN

PHARMA.

Short Covering: IDFC, ADANI POWER, MOTHERSONSUMI, ARVIND.

Long Unwinding: ICICI BANK, ITC, NCC, AXIS BANK, DLF.

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

JET AIRWAYS.

New In Ban: NIL.

Out of Ban: PC JEWELLER.

Future Call: SELL SUN PHARMA NOVEMBER FUTURES between

528-531 zone. Targets at 513.50 and then at 503. Stop: 542.50.

Holding Period: Intraday. Analyst’s Remark: Breaking Down (Sun

Pharma November Futures CMP 525.10).

Option Call: SELL AXIS BANK NOVEMBER CE strike price 630 at

CMP 4.05. Maximum Profit: Rs. 4,860. Loss: Unlimited. Stop: Exit

Call option if Axis Bank moves above 630. (Axis Bank November

Futures CMP 615.25).

10526.75 (-0.69%)

25999.45 (-1.00%)

19.16 (-2.02%)

-02 vs +27

2.28 crores (-2.27%)

11.95 lakhs (-28.15%)

2240.43 2570.89

24489.58 28645.52

1638348 932605

338124 21418

790269 44290

27957025 1528094

769390 44545

29854808 1638348

Calls in lakhs (% Change)

10700 38.06 (+16%)

10600 30.75 (+26%)

10800 31.21 (-6%)

Puts in lakhs (% Change)

10500 29.79 (-4%)

10600 20.71 (-26%)

10400 21.89 (-6%)


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 10526.75 10477.08 10427.42 10611.33 10695.92 10561.67 10745.31 DOWN

BANKNIFTY 25999.45 25856.88 25714.32 26232.98 26466.52 26090.42 26010.16 DOWN

NIFTYMID50 4780.1 4750.18 4720.27 4832.53 4884.97 4802.62 4997.9 DOWN

ACC 1456.5 1438.57 1420.63 1486.52 1516.53 1468.58 1490.84 DOWN

ADANIENT 158.5 156.72 154.93 161.12 163.73 159.33 131.91 UP

ADANIPORTS 368.15 361.37 354.58 372.92 377.68 366.13 372.67 DOWN

AJANTPHARM 1107.45 1087.72 1067.98 1136.77 1166.08 1117.03 1169.88 DOWN

ALBK 45.15 44.55 43.95 45.7 46.25 45.1 44.7 UP

AMARAJABAT 715.65 707.43 699.22 729.93 744.22 721.72 795.94 DOWN

ANDHRABANK 28.45 28.12 27.78 29.02 29.58 28.68 35.46 DOWN

APOLLOTYRE 218.75 214.32 209.88 225.57 232.38 221.13 258.9 DOWN

ARVIND 320.25 317.3 314.35 325.05 329.85 322.1 386.51 DOWN

ASHOKLEY 109.3 108.42 107.53 110.77 112.23 109.88 133.03 DOWN

ASIANPAINT 1314.4 1305.2 1296 1327.15 1339.9 1317.95 1256.44 UP

AUROPHARMA 789.8 782.38 774.97 801.03 812.27 793.62 647.6 UP

AXISBANK 614.55 607.97 601.38 625.27 635.98 618.68 558.97 UP

BAJAJ-AUTO 2590.35 2572.77 2555.18 2615.97 2641.58 2598.38 2818.4 DOWN

BAJAJFINSV 5723.05 5639.95 5556.85 5866.2 6009.35 5783.1 5811.09 DOWN

BAJFINANCE 2381.5 2342.73 2303.97 2437.53 2493.57 2398.77 2189.36 UP

BALKRISIND 957.4 950.4 943.4 966.7 976 959.7 1140.34 DOWN

BALRAMCHIN 106.3 105.18 104.07 107.98 109.67 106.87 82.59 UP

BANKBARODA 109.9 108.63 107.37 111.98 114.07 110.72 131.8 DOWN

BANKINDIA 86 84.9 83.8 87.55 89.1 86.45 97.89 DOWN

BATAINDIA 958.4 946.47 934.53 974.87 991.33 962.93 850.55 UP

BEL 93.75 93.05 92.35 94.6 95.45 93.9 117.6 DOWN

BEML 750.8 738.93 727.07 763.73 776.67 751.87 909.05 DOWN

BERGEPAINT 313.85 310.42 306.98 318.12 322.38 314.68 285.37 UP

BHARATFIN 951 940.28 929.57 968.23 985.47 957.52 1098.2 DOWN

BHARATFORG 582.85 576.58 570.32 588.53 594.22 582.27 663.44 DOWN

BHARTIARTL 327.85 319.57 311.28 337.97 348.08 329.68 371.97 DOWN

BHEL 66.15 65.55 64.95 67.05 67.95 66.45 78.58 DOWN

BIOCON 623 617.43 611.87 630.63 638.27 625.07 620.1 UP

BPCL 320.1 315.77 311.43 326.22 332.33 321.88 383.84 DOWN

BRITANNIA 6008.7 5972.33 5935.97 6052.73 6096.77 6016.37 5683.65 UP

CANBK 260.9 257.5 254.1 264.4 267.9 261 262.44 DOWN

CANFINHOME 259.65 256.17 252.68 265.02 270.38 261.53 368.65 DOWN

CAPF 533.75 501.68 469.62 555.08 576.42 523.02 577.43 DOWN

CASTROLIND 149.35 146.43 143.52 153.48 157.62 150.57 171.68 DOWN

CEATLTD 1235.15 1209.17 1183.18 1268.52 1301.88 1242.53 1386.61 DOWN

CENTURYTEX 896.45 887.42 878.38 912.17 927.88 903.13 998.98 DOWN

CESC 687.45 682.1 676.75 694.8 702.15 689.45 942.92 DOWN

CGPOWER 39.9 38.7 37.5 41.25 42.6 40.05 63.45 DOWN

CHENNPETRO 256.95 253.73 250.52 260.68 264.42 257.47 306.86 DOWN

CHOLAFIN 1309.15 1286.8 1264.45 1324.8 1340.45 1302.45 1437.9 DOWN

CIPLA 517.95 511.47 504.98 524.72 531.48 518.23 598.97 DOWN

COALINDIA 256.65 254.7 252.75 260 263.35 258.05 279.46 DOWN

COLPAL 1148.4 1139.2 1130 1162.15 1175.9 1152.95 1123.99 UP

CONCOR 672.25 666.7 661.15 679.9 687.55 674.35 645.93 UP

CUMMINSIND 768.5 757.67 746.83 787.72 806.93 776.88 728.72 UP

DABUR 400.8 395.25 389.7 406.3 411.8 400.75 384.18 UP

DALMIABHA 2384.7 2339.7 2294.7 2428.2 2471.7 2383.2 2572.97 DOWN

DCBBANK 156.3 154.43 152.57 158.83 161.37 156.97 169.86 DOWN

DHFL 232.75 227.55 222.35 240.4 248.05 235.2 521.65 DOWN

DISHTV 37.8 37.22 36.63 38.72 39.63 38.13 66.56 DOWN

DIVISLAB 1529.3 1501.93 1474.57 1564.83 1600.37 1537.47 1178.89 UP

DLF 177.1 174.87 172.63 180.92 184.73 178.68 198.04 DOWN

DRREDDY 2608.7 2582.97 2557.23 2627.07 2645.43 2601.33 2255.91 UP

EICHERMOT 24109.05 23872.72 23636.38 24412.67 24716.28 24176.33 27624.43 DOWN

ENGINERSIN 116.75 114.83 112.92 119.83 122.92 117.92 137.97 DOWN

EQUITAS 107.8 106.2 104.6 110.3 112.8 108.7 141.44 DOWN

ESCORTS 661.7 652.18 642.67 674.03 686.37 664.52 831.54 DOWN

EXIDEIND 250.75 246.55 242.35 256.95 263.15 252.75 250.85 DOWN

FEDERALBNK 80.7 79.25 77.8 82.9 85.1 81.45 86.08 DOWN

FORTIS 146.4 145.57 144.73 147.37 148.33 146.53 143.16 UP

GAIL 344.75 341.57 338.38 348.97 353.18 345.78 349.53 DOWN

GLENMARK 638.4 630.28 622.17 647.58 656.77 639.47 583.86 UP

GMRINFRA 16.1 15.85 15.6 16.55 17 16.3 17.83 DOWN

GODREJCP 717.3 703.32 689.33 729.02 740.73 715.03 797.4 DOWN

GODREJIND 521.45 514.55 507.65 533.15 544.85 526.25 565.45 DOWN

GRANULES 93.3 92 90.7 95.5 97.7 94.2 101.24 DOWN

GRASIM 843.35 834.02 824.68 859.27 875.18 849.93 1020.57 DOWN

GSFC 105.95 104.07 102.18 109.17 112.38 107.28 115.5 DOWN

HAVELLS 661.35 656.58 651.82 669.18 677.02 664.42 578.26 UP

HCC 11.6 11.35 11.1 12.05 12.5 11.8 15.73 DOWN

HCLTECH 979.05 968.97 958.88 995.57 1012.08 985.48 980.43 DOWN

HDFC 1873.7 1863.83 1853.97 1886.38 1899.07 1876.52 1855.24 UP

HDFCBANK 2005.5 1992.1 1978.7 2026.95 2048.4 2013.55 1998.83 UP

HDIL 21.85 21.53 21.22 22.38 22.92 22.07 30.29 DOWN

HEROMOTOCO 2917.75 2875.03 2832.32 2957.58 2997.42 2914.87 3374.31 DOWN

HEXAWARE 307.4 303.32 299.23 311.17 314.93 307.08 412.14 DOWN

HINDALCO 218.1 214.63 211.17 223.43 228.77 219.97 230.76 DOWN

HINDPETRO 242.85 238.9 234.95 247.4 251.95 243.45 294.37 DOWN

HINDUNILVR 1675.1 1657.5 1639.9 1698.2 1721.3 1680.6 1551.79 UP

HINDZINC 263.1 260.47 257.83 267.37 271.63 264.73 293.41 DOWN

IBREALEST 83.35 82.27 81.18 84.87 86.38 83.78 159.33 DOWN

IBULHSGFIN 705.7 693.92 682.13 723.72 741.73 711.93 1158.6 DOWN

ICICIBANK 352.05 349.2 346.35 356.7 361.35 353.85 306.99 UP

ICICIPRULI 320.05 318.23 316.42 322.83 325.62 321.02 384.04 DOWN

ICIL 59.3 58.52 57.73 60.57 61.83 59.78 80.23 DOWN

IDBI 59.95 59.63 59.32 60.48 61.02 60.17 62.78 DOWN

IDEA 41.45 39.92 38.38 43.87 46.28 42.33 58.95 DOWN

IDFC 40.05 38.35 36.65 41.5 42.95 39.8 47.98 DOWN

IDFCBANK 39 36.9 34.8 40.4 41.8 38.3 43.34 DOWN

IFCI 13.6 13.47 13.33 13.82 14.03 13.68 17.52 DOWN

IGL 265.3 263.65 262 267.9 270.5 266.25 275.75 DOWN

INDIACEM 91.7 90.37 89.03 93.82 95.93 92.48 123.4 DOWN

INDIANB 227.2 223.83 220.47 232.28 237.37 228.92 307.99 DOWN

INDIGO 1026.4 1013.5 1000.6 1044.65 1062.9 1031.75 1119.47 DOWN

INDUSINDBK 1528.85 1512.58 1496.32 1554.53 1580.22 1538.27 1798.26 DOWN

INFIBEAM 46.85 45.6 44.35 48.85 50.85 47.6 149.73 DOWN

INFRATEL 258.1 246.97 235.83 266.37 274.63 255.23 301.17 DOWN

INFY 620.75 615.62 610.48 627.02 633.28 621.88 637.02 DOWN

IOC 138.25 136.73 135.22 141.03 143.82 139.52 163.38 DOWN

IRB 141.3 138.85 136.4 145.15 149 142.7 202.75 DOWN

ITC 280.5 278.57 276.63 283.47 286.43 281.53 279.49 UP

JETAIRWAYS 308.4 301.33 294.27 319.93 331.47 312.87 426.9 DOWN

JINDALSTEL 168.45 166.5 164.55 171.45 174.45 169.5 220.46 DOWN

JISLJALEQS 68.5 67.33 66.17 70.58 72.67 69.42 92.91 DOWN

JPASSOCIAT 7 6.85 6.7 7.25 7.5 7.1 14.21 DOWN

JSWENERGY 67.55 66.77 65.98 68.67 69.78 67.88 71.88 DOWN

JSWSTEEL 319.9 316.12 312.33 325.72 331.53 321.93 332.6 DOWN

JUBLFOOD 1211.4 1202.67 1193.93 1222.57 1233.73 1213.83 1253.16 DOWN

JUSTDIAL 496.6 487.47 478.33 512.27 527.93 503.13 501.06 DOWN

KOTAKBANK 1170.6 1164.8 1159 1179.2 1187.8 1173.4 1205.35 DOWN

KPIT 201.85 198.1 194.35 207.9 213.95 204.15 250.67 DOWN

KSCL 505.9 499.72 493.53 515.17 524.43 508.98 536.99 DOWN

KTKBANK 102.2 101 99.8 104.1 106 102.9 116.26 DOWN

L&TFH 133.3 131.77 130.23 135.87 138.43 134.33 158.35 DOWN

LICHSGFIN 456.2 451.05 445.9 465.3 474.4 460.15 496.23 DOWN

LT 1410.15 1397.73 1385.32 1421.03 1431.92 1408.62 1318.75 UP

LUPIN 850.7 844.83 838.97 856.23 861.77 850.37 836.14 UP

M&M 746.1 735.15 724.2 765 783.9 754.05 840.23 DOWN

M&MFIN 422.95 417.35 411.75 431.7 440.45 426.1 457.67 DOWN

MANAPPURAM 85.45 83.93 82.42 87.33 89.22 85.82 100.99 DOWN

MARICO 354.05 350.23 346.42 357.13 360.22 353.32 330.53 UP

MARUTI 7411.1 7354.87 7298.63 7473.67 7536.23 7417.43 8587.35 DOWN

MCDOWELL-N 626.8 619.57 612.33 637.47 648.13 630.23 622.22 UP

MCX 698.9 692.37 685.83 709.57 720.23 703.03 769.59 DOWN

MGL 858.35 852.57 846.78 866.57 874.78 860.78 885.63 DOWN

MOTHERSUMI 156.3 152.58 148.87 158.73 161.17 155.02 201.23 DOWN

MRF 67607.4 67149.61 66691.83 68117.56 68627.73 67659.78 72131.23 DOWN

MUTHOOTFIN 453.85 450.02 446.18 459.77 465.68 455.93 411.32 UP

NATIONALUM 65.7 65.08 64.47 66.63 67.57 66.02 69.11 DOWN

NBCC 57.65 57.13 56.62 58.53 59.42 58.02 81.56 DOWN

NCC 87 85.48 83.97 89.48 91.97 87.97 103.3 DOWN

NMDC 95.6 94.72 93.83 97.17 98.73 96.28 114.82 DOWN

NTPC 146 144.93 143.87 147.73 149.47 146.67 163.33 DOWN

OFSS 3431.65 3408.13 3384.62 3462.03 3492.42 3438.52 3947.18 DOWN

OIL 205.15 202.38 199.62 207.58 210.02 204.82 216.26 DOWN

ONGC 152.25 151.17 150.08 153.82 155.38 152.73 171.72 DOWN

ORIENTBANK 87.4 86.35 85.3 88.9 90.4 87.85 83.38 UP

PCJEWELLER 76.65 75.2 73.75 78.95 81.25 77.5 174.98 DOWN

PEL 2241.35 2221.68 2202.02 2274.43 2307.52 2254.77 2524.48 DOWN

PETRONET 211.55 209.27 206.98 214.57 217.58 212.28 226.06 DOWN

PFC 99.35 97.33 95.32 102.88 106.42 100.87 86.53 UP

PIDILITIND 1158.25 1148.1 1137.95 1166.55 1174.85 1156.4 1034.83 UP

PNB 71.7 70.93 70.17 72.93 74.17 72.17 88.23 DOWN

PTC 79.7 78.9 78.1 80.75 81.8 79.95 84.39 DOWN

PVR 1415.75 1402.73 1389.72 1430.63 1445.52 1417.62 1324.58 UP

RAMCOCEM 619.95 614 608.05 630 640.05 624.05 707.84 DOWN

RAYMOND 814.85 803.9 792.95 821.9 828.95 810.95 884.71 DOWN

RBLBANK 558.55 554.38 550.22 563.33 568.12 559.17 530.28 UP

RCOM 13.3 12.98 12.67 13.83 14.37 13.52 17.45 DOWN

RECLTD 121 119.38 117.77 123.83 126.67 122.22 118.09 UP

RELCAPITAL 239.85 237.23 234.62 243.88 247.92 241.27 388.64 DOWN

RELIANCE 1102.85 1093.52 1084.18 1118.77 1134.68 1109.43 1041.27 UP

RELINFRA 357.1 352.6 348.1 364.3 371.5 359.8 408.16 DOWN

REPCOHOME 387.85 380.3 372.75 400.2 412.55 392.65 537.17 DOWN

SAIL 60.5 59.7 58.9 61.9 63.3 61.1 75.66 DOWN

SBIN 282.7 280.52 278.33 285.97 289.23 283.78 270.33 UP

SHREECEM 15738.05 15527.07 15316.08 16074.02 16409.98 15863.03 16522.82 DOWN

SIEMENS 917.25 908.92 900.58 923.82 930.38 915.48 1031.14 DOWN

SOUTHBANK 14.5 14.4 14.3 14.65 14.8 14.55 21.18 DOWN

SREINFRA 33.7 33.23 32.77 34.33 34.97 33.87 62.75 DOWN

SRF 2078.5 2052.83 2027.17 2118.58 2158.67 2092.92 1906.22 UP

SRTRANSFIN 1155.45 1131.25 1107.05 1191.05 1226.65 1166.85 1336.25 DOWN

STAR 449.45 443.93 438.42 458.98 468.52 453.47 507.24 DOWN

SUNPHARMA 525.95 522.97 519.98 530.72 535.48 527.73 555.94 DOWN

SUNTV 600.05 590.53 581.02 617.28 634.52 607.77 807.94 DOWN

SUZLON 5.55 5.43 5.32 5.68 5.82 5.57 8.78 DOWN

SYNDIBANK 35.4 35.1 34.8 35.85 36.3 35.55 46.22 DOWN

TATACHEM 699.4 688.67 677.93 708.47 717.53 697.73 707.44 DOWN

TATACOMM 527.55 520.87 514.18 538.07 548.58 531.38 579.12 DOWN

TATAELXSI 992 978.67 965.33 1003.67 1015.33 990.33 1181.21 DOWN

TATAGLOBAL 215.9 213.9 211.9 218.8 221.7 216.8 253.1 DOWN

TATAMOTORS 182.55 180.82 179.08 185.22 187.88 183.48 284.44 DOWN

TATAMTRDVR 98.65 97.4 96.15 100.6 102.55 99.35 159.98 DOWN

TATASTEEL 539.65 534 528.35 549.45 559.25 543.8 589.1 DOWN

TCS 1812.55 1799.13 1785.72 1836.78 1861.02 1823.37 1800.83 UP

TECHM 690.8 680.83 670.87 705.38 719.97 695.42 674.49 UP

TITAN 915.75 907.23 898.72 928.83 941.92 920.32 876.06 UP

TV18BRDCST 35.15 34.62 34.08 36.17 37.18 35.63 51.46 DOWN

TVSMOTOR 527.2 521.42 515.63 537.27 547.33 531.48 589.02 DOWN

UBL 1301.2 1282.67 1264.13 1328.37 1355.53 1309.83 1172.36 UP

UJJIVAN 218.15 214.85 211.55 223.65 229.15 220.35 343.39 DOWN

ULTRACEMCO 3950.4 3909.6 3868.8 4020.6 4090.8 3979.8 3970.36 DOWN

UNIONBANK 80.3 79.32 78.33 81.97 83.63 80.98 88.45 DOWN

UPL 778.3 771.63 764.97 784.93 791.57 778.27 686.42 UP

VEDL 199.6 197.53 195.47 203.13 206.67 201.07 253.14 DOWN

VGUARD 195.9 192.48 189.07 198.38 200.87 194.97 211.35 DOWN

VOLTAS 549.35 543.63 537.92 558.93 568.52 553.22 574.51 DOWN

WIPRO 307.1 302.47 297.83 315.27 323.43 310.63 291.15 UP

WOCKPHARMA 531.95 519.1 506.25 544.8 557.65 531.95 659.72 DOWN

YESBANK 195.55 192.18 188.82 201.38 207.22 198.02 313.01 DOWN

ZEEL 458.85 445.85 432.85 466.1 473.35 453.1 528.42 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 sluggish in Friday's trade. Key suppport seen at 30201 mark. Interweek strategy: Establish long positions only above 31101, targeting 31457 mark and then aggressive targets at 31901 with stop at 30001.

Silver prices traded with negative bias in Friday's trade. Interweek strategy: Establish short positions at CMP, targeting 35211 mark and then aggressive targets at 34251-34401 zone with stop at 37501.

Crude-oil prices were seen tanking in Friday's trade. Confirmation of strength only above 4001. Interweek strategy: Aggressive traders can look to establish long positions at CMP, targeting 4000 and then 4535 zone with stop at 3271.

Copper prices were seen trading range bound in Friday's trade. Strength seen only above 442.50. Interweek strategy: Establish short positions between 437-442.50 zone, targeting 421 mark and then at 411-415 zone. Stop above 443.

Natural Gas prices slipped in Friday's trade. Interweek strategy: Establish long positions only between 291-295 zone, targeting 321 and then aggressive targets at 345-351 zone with stop at 287.

USD/INR at oversold zone. Support now seen at 70. Technically, oversold conditions prevail. Buying advised only above 71.45.

30519 30201 30000 31101 31901 Neutral

36092 36000 35221 37345 38381 Neutral

3607 3501 3277 4001 4535 Neutral

430 421 411 443 461 Neutral

307.00 291.00 275.00 335.00 351.00 Positive

70.70 70.00 69.05 71.45 75.00 Positive

MCX Silver: Sell at CMP, targeting 35221 and then at 34251. Stop at 37345.

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



Oil prices tumbles 7.7% in Friday's trade as oversupply worries build up. Oversold technical conditions prevail.

Gold prices were seen trading range bound in Friday's trade. Hurdles now seen at 1245. Confirmation of major strength only above 1245. Interweek Strategy: Buy between 1209-1213 zone, targeting 1231 and then at 1242-1245 zone with stop below 1205.

Silver prices were trading with slight negative bias in Friday's trade. Hurdles now seen at 15.05. Confirmation of major strength only above 15.45. Interweek Strategy: Sell at CMP, targeting 13.75 zone and then at 13.05 with stop above 15.11.

Crude-oil prices were seen tumbling in Friday's trade, down 7%. Confirmation of strength only above 55. Inerweek strategy: Establish long positions at CMP, targeting 55 zone and then 60-61 zone with stop at 48.45.

EUR/USD was seen trading range bound in Friday's trade. 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.

Wall Street tumbled again in Friday' trade, primarily pressured by falling oil prices, which drove the indexes to weekly loses of more than 3.5% — the second straight week of declines. The Nasdaq tumbled 4.3%, the Dow ended the week 4.4% lower, while the S&P 500 notched a week-on-week decline of 3.8%. Negative bias.

1223 1211 1191 1231 1245 Neutral

14.26 13.75 13.05 15.05 16.09 Neutral

50.39 49 45 55 61 Neutral

1.1389 1.1201 1.1100 1.1505 1.1777 Negative

96.94 95.00 92.50 99.00 101.00 Positive

24286 24221 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

137.5 136.67 135.83 138.92 140.33 146 142.15 DOWN

1485.6 1477.23 1468.87 1492.73 1499.87 1151 1450.5 DOWN

5642 5543.33 5444.67 5739.33 5836.67 4478.71 6130 UP

4619 4568.33 4517.67 4702.33 4785.67 3869.18 4333 DOWN

436.75 434.17 431.58 439.52 442.28 444.77 443.85 UP

21900 21760 21620 22120 22340 21860.2 22620 DOWN

3823 3787.67 3752.33 3880.67 3938.33 4625.97 4204 UP

30609 30491.33 30373.67 30803.33 30997.67 30728.33 31235 DOWN

9136 8934 8732 9259 9382 8987.11 9830 DOWN

4461 4402.33 4343.67 4498.33 4535.67 4197.75 4669 DOWN

19405 19246.67 19088.33 19576.67 19748.33 17506.8 19480 DOWN

139.15 138.17 137.18 140.82 142.48 153.2 134.98 DOWN

1668.4 1653.07 1637.73 1683.07 1697.73 1488.93 1768.65 UP

300.2 286.3 272.4 318.3 336.4 203.92 254.1 UP

770.7 765.33 759.97 780.13 789.57 925.78 813.8 UP

4095 4073.33 4051.67 4117.33 4139.67 4053.61 4206 DOWN

36586 36417.66 36249.33 36874.66 37163.33 38623.61 37554 DOWN

3050 3050 3050 3050 3050 3614.83 3015 DOWN

3423 3412 3401 3434 3445 3514.09 3368 UP

187.7 186.15 184.6 188.6 189.5 197.6 180.6 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...• Technically speaking, Intraday supports on Nifty are placed at 10471 and then at then at 10291 mark. The intraday bias continues