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Welcome Note

Wednesday03rd 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 second trading day of the week at Dalal Street, dated

3rd of October 2018.

The nervousness at Dalal Street is set to deepen as crude-oil prices are seen

marching from strength to strength and that brings us to our call of the day which

forecasts that the benchmark Nifty may slip towards 10651-10,701 zone in the near term. The

biggest supports to watch on intraday basis is at 10,907 mark.

Now amidst rising crude-oil prices backdrop, the silent killers of your long term portfolios are

likely to be:

1. The widening trade deficit.2. Inflation.

Also, please note that the overseas investors have pulled out a massive Rs 21,000 crore (USD 3

billion) from the capital markets in September, making it the steepest outflow in four months.

You can blame their decision to:

1. Strength in U.S economy.

The street will spy with one big eye on the U.S monthly employment report for September-2018

to be released this Friday, October 5th. If the said numbers are robust then it is safe to assume

that the Indian Rupee will tank towards 75 levels against the USD.

Also commanding attention from here on would be the Reserve Bank of India's (RBI) monetary

policy review where RBI is likely to hike repo rates by 25 bps. Digging deeper, since August

2018, Indian crude oil basket has moved up by around 12% , while INR depreciated by 6%

The monetary policy committee (MPC) will start its three-day meeting from October 3-5 to

decide on the fourth bi-monthly monetary policy. After two successive hikes, the repo rate

currently stands at 6.50%.

Long story short: Makes sense to stay light and lighten long positions on any dead

cat bounce.

Outlook for Wednesday: Sell on any excessive strength.

Trade tensions between US and China will continue to linger on every investors mind as there

has not been any resolution on that front. Trade is still seen as a factor that can weigh on the

global economy and impact stock markets across world. The IMF chief Christine Lagarde has

also warned of an economic slowdown as a result of these disputes.

To add more to this, Italy last week unveiled a 2019 budget deficit target that has met stiff

opposition from European Union officials, who say it will violate the bloc’s fiscal rules. Italian and

EU officials continue to bicker, with Rome refusing to back down, sending Italian bond yields

higher.

Amidst such spoilers, the question that obviously will continue to haunt investors at

Dalal Street: From bad to worse?

Honestly speaking, it's a falling knife in perfect storm with significant headwinds

STOCKS TO WATCH:

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

INDIA, HPCL and RCOM with interweek perspective.

• Bullish stocks: HDFC BANK, RELIANCE INDUSTRIES (RIL), HINDUSTAN ZINC (Above

305), MINDTREE, BIOCON, NESTLE, and BRITANNIA

• Bearish stocks: HEROMOTO CORP, CANFINA HOMES, INDIAN OIL CORPORATION,

PNB, OBC, NALCO, AMARA RAJA BATTERY, COAL INDIA.

• Show Me the Money: Sell AMARA RAJA BATTERY (745): Overbought technical

conditions still prevail for Amara Raja Battery. Major downside risk below 713. Interweek

Strategy: Selling on early excessive strength between 761-765 zone, targeting 713 and

then aggressive targets at 671-675 zone. Stop above 801.

11008 0.71%

25367 0.98%

9660 0.72%

29924 0.56%

2965 -0.07%

16214 2.37%

2483 1.44%

4712 1.92%

3528 1.23%

10034 0.62%

216 -1.50%

6167 0.26%

36526 0.83%

11013 0.50%

Volatile session likely.

Neutral (10945-11101)

Neutral (10250-11501)

Neutral (11901)

10907 & 10821

11111 & 11211

11575



Technical Strategy


• Stocks banned in F&O segment for today: NIL

GLOBAL CUES:

• Overnight at Wall Street, The Dow Jones Industrial Average rose for a fourth straight

session, despite a weak broader markets on lingering trade worries. But the market’s

recent strength on the back of a robust domestic economy underscored the divergence

in U.S. stocks versus global equities as concerns over a variety of potentially disruptive

events abroad prompted investors to focus on the U.S.

• Over the past three months, the S&P has risen more than 7%, and the blue chip Dow

Jones index was up about 9%.

FII/DII & OPTIONS DATA:

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

1841.63 crores in the Indian Equity Market. DIIs on the other hand bought shares worth

Rs. 1804.94 crores in the Indian Equity market.

• As per option data, key resistance level for the September series for Nifty are at 11,500

strike price as maximum call open interest of 26.08 lakh contracts were seen at the

11,500 strike price. While support for Nifty are seen at 10,800 strike price as maximum

put open interest seen at 10,800 strike price.

COMMODITY CUES:

• Crude Oil prices hovered near 4-year highs amidst reports that China is cutting

back on Iranian oil purchases, as well as on talks that the U.S. has no plans to tap its

Strategic Petroleum Reserve to make up for Iranian oil barrels lost amid U.S. sanctions.

Please note, oil prices have firmed up recently on backdrop of declining Iranian exports,

which have come ahead of oil-specific U.S. sanctions against Tehran that are set to take

effect early next month.

• Copper prices inched up in Monday's trade amidst value buying. Bias continues to be

positive. MCX COPPER (454.75: Interweek strategy: Establish long positions on dips

between 445-447 zone, targeting 461 and then finally at 475-475 zone with stop at

427.05.

• Gold futures were seen inching higher in yesterday's trade amidst expectation of

strength in USD/INR. Intraday Strategy: Establish short positions between 1215-1218

zone, targeting 1193 zone and then aggressive targets at 1175-1179 zone with stop at

1231.

MACRO WATCH:

• All worldwide investors eyes will be on Italy’s deficit size. Italy's economy is the third

largest in the eurozone. The proposed deficit is likely to push Italy into conflict with the

EU’s deficit rules, and most importantly, with the European Central Bank winding down

its asset purchases, the street will anxiously want to know Itay’s ability to raise debt

without the purchasing power of the ECB.

• Amongst macroeconomic events, all eyes will be on the Reserve Bank Of

India's fourth bimonthly money policy review of this financial year which will

be held on October 3-5. The street expects RBI to raise rates for the third

time, considering deteriorate macro backdrop.

• Last week, the Federal Open Market Committee lifted interest rates for the third time this

year and the eighth time since beginning its monetary-policy normalization imitative in

December of 2015. The policy-setting Federal Open Market Committee lifted the federal-

funds rate to a range between 2% to 2.25%.

The Fed has also predicted another hike by December and three more in 2019. Growth and job

gains have been “strong” and inflation remains near the central bank’s 2%.

Interestingly, Powell said that although tense trade relations were on the central bank’s radar it

hadn’t yet risen to the level of a significant concern for policy makers.

RCOM

Action

Target

Support

Resistance

Holding Period

11.95

SELL ON STRENGTH

9.75

9.50/7.50

13.50/15.45

9 Days.

In Friday's trade, RCOM ended on a negative note

and was seen attempting a breakdown from a

lower consolidation zone on the daily charts,

down 3.64%. In Monday's trade, RCOM was seen

consolidating, up 0.42%

Technically, the stock is in consolidation mode at

lower levels and the momentum oscillators are

signaling a major breakdown. Any move below 11

zone will confirm weakness which also needs to

be backed by increases in volumes. The stock is

seen moving down on daily charts, backed by

negative reverse divergences.

Key support to watch in near term is at 9.50 zone.

Medium term supports seen at 7.5-7.75 zone.

We expect RCOM to underperform the

benchmark Nifty significantly.

Establishing short positions between 12.50-13

zone, as the stock is likely to stage steep decline

towards 9.50 and then aggressive targets seen at

7.5-7.75 zone. Place stops above 14.05. Holding

Period: 9 days.




CURRIENCIES & BONDS:

• In Friday's trade, the Indian Rupee slipped against the US dollar.

At the current level, the rupee has declined around 13% against the greenback so far this year. Data shows the RBI spent $6.2 billion defending the

rupee in June. This eased to $1.8 billion in July when markets stabilised, and is estimated to have remained around $2 billion in August despite

renewed market volatility.

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

What Technical Tells Us on Nifty:

Nifty ended with major gains in Monday's trade, up 78 points at 11,095 mark. The positive takeaway was that Nifty ended above the 11,000-mark.

The market breadth, indicating the overall health of the market, was weak. the BSE Mid-Cap index rose 0.53%. The BSE Small-Cap index fell 0.25%. Both

these indices underperformed the Sensex.

Technically speaking, key support for the day on Nifty is at 10,821 mark. The technical landscape will worsen further if Nifty closes below the 10,821

mark as that would open the door to massive technical selling, possibly quickly towards the 10,650-10,751 zone. Intraday supports seen at

10907 zone.

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

For the day, we believe, Nifty will drift after a higher open with intraday downside targets at 10,901. The make or break hurdles are at 11,521 mark. Intraday

hurdles at 11,221 mark.

The price action for Nifty is suggesting that we are likely to see an 10,750-11,451 range in near term with neutral bias.

Please note, Dalal Street will become the poster boy of short-squeeze only if Nifty moves above 11,501 mark.

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

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

Preferred trade on Nifty: Nifty (11014): Sell on any excessive strength between 11111-11145 zone, targeting 10901 zone and then aggressive targets

at 10651-10751 zone with stop at 11245.

Preferred trade on Bank Nifty: Bank Nifty (25384): Sell on any excessive strength between 25501-25751 zone, targeting 24751 zone and then aggressive

targets at 23751-23901 zone with stop at 26221.

Daily Chart of the day



Comfort stock of the day


When we want to see what's happening far off, we will reach for the binoculars. The binocular helps us to steer out of danger and also accurately spots our targets.

When it comes to trading / investing, that's exactly how Stock Of The Day: (F & O) introduces to the momentum stocks from the list of Future & Option segment, defining their support and resistance levels, and attempts to forecast their movement with a short /medium term perspective.


R2STOCKS LTP S1 S2 R1 TRADING STRATEGYBIAS


Invest Smart. Build Wealth. www.comfortsecurities.co.in


Stock price staged a major rebound in Monday's trade, up 0.97%. We suspect that it will aim its all time high near 1125 mark. Intraday strategy: Establish long positions between 1092-1094 zone, targeting 1122-1125 mark and then aggressive targets at 1155-1160 zone with stop at 1073.50.

Oversold technical conditions likely to propel the stock to move up. Momentum oscillators signalling rebound from lower levels. Intraday strategy: Establish long positions between 435-439 zone, targeting 465-469 zone and then aggressive targets at 481 with stop at 414.

The recent sequence of lower high/low is intact on daily charts. Key hurdle now seen at 1041. Interweek strategy: Establish short positions between 1023-1026 zone, targeting 997 zone and then aggressive targets at 953 with stop at 1046.

Engineers India is signalling a major breakdown from a probable extended 'Flag Pattern' on daily charts. Interweek Strategy: Establish short positions between 122-125 zone, targeting 115 and then aggressive targets located at 100-102.50 zone. Stop above 131.05.

Breakdown play continues to be the theme for KSCL. Key hurdle now seen at 587. Interweek strategy: Establish short positions on any excessive strength between 564-569 zone, targeting 530-534 zone, and then aggressive targets at 499 with stop at 592.50.

IT and Pharma likely to outperform. We like HCL Tech and STAR.

HCL TECH

STRIDES SHASUN (STAR)

BHARAT FINANCIAL

ENGINEERS INDIA

KAVERI SEEDS (KSCL)

1098.4 1078 1052 1125 1155 Positive

444.35 427.5 399 467.5 481 Positive

1017.3 997 953 1041 1075 Negative

119.1 115 100 125 139 Negative

558 530 499 587 616 Negative



EQUITY DERIVATIVESLooking into the future from present.

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

Nifty Spot

Bank Nifty Future

VIX

Premium

Nifty Future OI

Bank Nifty Spot OI

BSE Cash Vol. (Rs. in Cr)

NSE Cash Vol.(Rs. in Cr)

NSE Derivative Vol. (Rs. in Cr)

Index Future Volumes

Stock Future Volumes

Index Option Volumes

Stock Option Volumes

Total

Cash Volumes (INR in Cr.)

YesterdayDay Before Yesterday

Derivatives Vol.(INR in Cr.)

No of contracts

Turnover (Rs. In cr.)

Major Changes in Nifty Options (OI)

Market Summary:

The benchmark Nifty witnessed a positive session in Monday’s trade amid short covering

and some bargain hunting, closing above the psychological 11000 mark. IT and Banking

stocks led the rally. Nifty futures too closed at a premium of +54 vs +33 on daily basis. Yes

Bank, India bulls and Kotak Bank were amongst top active contracts in NSE F&O

segment.

Amongst Broader Indices, the BSE Midcap Index rose +0.53% whereas BSE smallcap

Index was down- 0.25%. Both the indices underperformed the Sensex.

Amongst the sectoral indices, outperforming the Sensex/Nifty was BSE IT Index (up

2.42%), BSE Teck Index (up 2.02%), BSE Power Index (up 1.83%).

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

(down 1.44%), BSE Consumer Durables Index (down 0.77%), BSE Capital Goods Index

(down 0.67%)

Amongst stock specific action, positive bias was seen in stocks like YES BANK (up 8.82%),

Hindalco (up 6.25%), IBHSGFIN (up 4.11%)

Among stocks drifting down were: BHARTI AIRTEL (down 4.18%), HINDPETRO (down

3.36%), AXIS BANK (down 3.34%)

Maximum Call Open Interest (OI) stands at 11500 Strike Price, followed by 11200 Strike

Price for October Series. Some Put writing was seen at 10500-10700 strike prices for

October Series.

Maximum Put Open Interest (OI) was seen at strike price 10800 followed by 10500 strike

price for October series. Put buying was seen at 10600-10900 strike price for October

Series.

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

1841.63 crores in the Indian Equity Market. DIIs on the other hand bought shares worth

Rs. 1804.94 crores in the Indian Equity market.

Highest OI Nifty: Calls 11500: 26.08 L - Puts 10800: 31.93

Highest OI Bank Nifty: Calls 25500: 5.83 L - Puts 24500: 5.88 L

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

Long Buildup: CANFIN HOMES, INDIANB, MINDTREE, NIITTECH, REPCOHOME.

Short Buildup: DLF, KOTAKBANK, BHARTI AIRTEL, BHARATFIN, KSCL.

Short Covering: DHFL, CESC, SUN TV, REC, NALCO.

Long Unwinding: AXIS BANK, RELIANCE, BIOCON.

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

New In Ban: NIL.

Out of Ban: NIL.

Future Call: SELL BHARAT FINANCIAL OCTOBER FUTURES

between 1036-1038 zone. Targets at 1001 and then at 975. Stop:

1061. Holding Period: Intraday. Analyst’s Remark: Breaking Down

(Bharat Financial October Futures CMP 1031.95).

Option Call: BUY NIFTY OCTOBER PE strike price 10900 at CMP

120. Profit: Unlimited. Maximum Loss: Rs. 9,000. Stop: Exit Put

Option if Nifty moves above 11301. (Nifty October Futures CMP

11072).

11008.30 (+0.71%)

25367.00 (+0.98%)

16.8350 (-0.94%)

+54 vs +33

1.61 crores (-3.00%)

18.53 lakhs (+17.81%)

3494.71 3639.18

38662.68 45131.82

774323 714420

320696 29060

1034423 63188

6713001 644663

554333 37413

8622453 774323

Calls in lakhs (% Change)

11200 22.53 (-7%)

11000 20.81 (+20%)

11100 19.38 (+13%)

Puts in lakhs (% Change)

10800 31.93 (+13%)

10700 26.04 (+70%)

10500 30.35 (+41%)


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 10930.45 10842.47 10754.48 11026.27 11122.08 10938.28 10770.75 UP

NIFTY 11008.3 10874.68 10741.07 11088.78 11169.27 10955.17 10774.46 UP

BANKNIFTY 25367 24912.38 24457.77 25616.88 25866.77 25162.27 26110.31 DOWN

NIFTYMID50 4711.7 4569.05 4426.4 4788 4864.3 4645.35 5143.81 DOWN

ACC 1573.6 1534.93 1496.27 1600.23 1626.87 1561.57 1545.37 UP

ADANIENT 137.35 126.4 115.45 143.45 149.55 132.5 128.74 UP

ADANIPORTS 330.35 322.1 313.85 336.5 342.65 328.25 388.1 DOWN

AJANTPHARM 1071.5 1042.62 1013.73 1088.57 1105.63 1059.68 1247.69 DOWN

AMARAJABAT 745.3 723.65 702 759.45 773.6 737.8 810.57 DOWN

ANDHRABANK 27.5 26.88 26.27 27.98 28.47 27.37 40.82 DOWN

APOLLOTYRE 213.1 205.47 197.83 218.07 223.03 210.43 267.85 DOWN

ARVIND 325.2 311.57 297.93 334.47 343.73 320.83 408.68 DOWN

ASHOKLEY 120.15 114.58 109.02 123.38 126.62 117.82 134.34 DOWN

ASIANPAINT 1279.8 1263.23 1246.67 1302.13 1324.47 1285.57 1240.59 UP

AUROPHARMA 769.65 743.17 716.68 785.07 800.48 758.58 629.78 UP

AXISBANK 593.45 571.47 549.48 616.47 639.48 594.48 555.13 UP

BAJAJ-AUTO 2730.1 2651.47 2572.83 2776.87 2823.63 2698.23 2932.17 DOWN

BAJAJFINSV 5881.85 5755.23 5628.62 6024.23 6166.62 5897.62 5736.96 UP

BAJFINANCE 2208.5 2096.02 1983.53 2277.17 2345.83 2164.68 2094.84 UP

BALKRISIND 1084.35 989.52 894.68 1136.02 1187.68 1041.18 1170.09 DOWN

BALRAMCHIN 73.35 67.57 61.78 76.57 79.78 70.78 88.85 DOWN

BANKBARODA 104.4 98.12 91.83 107.97 111.53 101.68 142.2 DOWN

BANKINDIA 79.15 74.67 70.18 82.42 85.68 77.93 113.38 DOWN

BATAINDIA 967.9 947.28 926.67 981.73 995.57 961.12 814.28 UP

BEL 82.7 79.25 75.8 85 87.3 81.55 133.51 DOWN

BEML 585.35 566 546.65 606.7 628.05 587.35 1067.69 DOWN

BERGEPAINT 285.4 278.17 270.93 291.67 297.93 284.43 279.39 UP

BHARATFIN 1017.3 998.68 980.07 1033.48 1049.67 1014.87 1109.96 DOWN

BHARATFORG 625.55 600.92 576.28 639.82 654.08 615.18 689.13 DOWN

BHARTIARTL 326.75 318.97 311.18 337.27 347.78 329.48 408.34 DOWN

BHEL 71.1 67.82 64.53 72.92 74.73 69.63 83.2 DOWN

BIOCON 679 664.82 650.63 692.77 706.53 678.58 606.82 UP

BPCL 368.35 361.48 354.62 373.98 379.62 367.12 420.16 DOWN

BRITANNIA 5843.55 5736.37 5629.18 5915.37 5987.18 5808.18 5517.72 UP

CANBK 232.8 219.23 205.67 240.68 248.57 227.12 284.13 DOWN

CANFINHOME 261.7 238.52 215.33 275.77 289.83 252.58 406.69 DOWN

CAPF 503.95 483.23 462.52 515.78 527.62 495.07 622.14 DOWN

CASTROLIND 145.55 140.88 136.22 148.33 151.12 143.67 180.37 DOWN

CEATLTD 1133.5 1098.27 1063.03 1155.52 1177.53 1120.28 1516.92 DOWN

CENTURYTEX 836.1 793.73 751.37 858.73 881.37 816.37 1100.32 DOWN

CESC 866.6 821.27 775.93 891.22 915.83 845.88 994.17 DOWN

CGPOWER 45.7 43.77 41.83 46.82 47.93 44.88 72.89 DOWN

CHENNPETRO 281.65 273.63 265.62 286.33 291.02 278.32 336.39 DOWN

CHOLAFIN 1235.35 1157.85 1080.35 1276 1316.65 1198.5 1452.15 DOWN

CIPLA 654.15 645.43 636.72 660.93 667.72 652.22 601.55 UP

COALINDIA 272.8 265.73 258.67 276.93 281.07 269.87 281.38 DOWN

COLPAL 1093.15 1080.13 1067.12 1107.58 1122.02 1094.57 1124.77 DOWN

CONCOR 652.25 625.97 599.68 668.77 685.28 642.48 657.11 DOWN

CUMMINSIND 669.05 658.2 647.35 681.8 694.55 670.95 760.5 DOWN

DALMIABHA 2316.9 2257.1 2197.3 2357 2397.1 2297.2 2747.72 DOWN

DCBBANK 145.85 140.82 135.78 149.92 153.98 144.88 176.05 DOWN

DHFL 318.5 281 243.5 340 361.5 302.5 585.3 DOWN

DISHTV 59.3 56.75 54.2 60.75 62.2 58.2 72.5 DOWN

DIVISLAB 1319.6 1290.58 1261.57 1339.03 1358.47 1310.02 1124.55 UP

DLF 158.45 149.87 141.28 164.82 171.18 156.23 213.65 DOWN

DRREDDY 2508.6 2452.4 2396.2 2552.75 2596.9 2496.55 2243.73 UP

EICHERMOT 24749.5 23653.33 22557.17 25422.33 26095.17 24326.17 28689.39 DOWN

ENGINERSIN 119.1 110.87 102.63 125.37 131.63 117.13 151.13 DOWN

EQUITAS 121.65 116.53 111.42 124.88 128.12 119.77 147.54 DOWN

ESCORTS 622.3 594.17 566.03 637.67 653.03 609.53 856.34 DOWN

EXIDEIND 262.85 256.12 249.38 267.52 272.18 260.78 245.06 UP

FEDERALBNK 73.05 70.07 67.08 74.97 76.88 71.98 91.21 DOWN

FORTIS 135.35 133.57 131.78 136.77 138.18 134.98 145.14 DOWN

GAIL 381 376.82 372.63 385.97 390.93 381.78 352.13 UP

GLENMARK 635.5 613.97 592.43 648.67 661.83 627.13 578.21 UP

GMRINFRA 17.05 15.8 14.55 17.75 18.45 16.5 18.63 DOWN

GODREJCP 796.75 778.2 759.65 809.25 821.75 790.7 794.41 UP

GODREJIND 508.15 497.43 486.72 519.43 530.72 508.72 588.19 DOWN

GRANULES 97.9 92.58 87.27 100.83 103.77 95.52 107.98 DOWN

GRASIM 998.7 979.47 960.23 1020.47 1042.23 1001.23 1075.79 DOWN

GSFC 94.9 90.98 87.07 97.08 99.27 93.17 124.05 DOWN

HAVELLS 595.15 565.65 536.15 613.15 631.15 583.65 565.76 UP

HCC 11.15 10.48 9.82 11.53 11.92 10.87 23 DOWN

HCLTECH 1098.4 1085.93 1073.47 1105.93 1113.47 1093.47 962.97 UP

HDFC 1806.35 1767.27 1728.18 1831.27 1856.18 1792.18 1855.84 DOWN

HDFCBANK 2035.45 2008.17 1980.88 2052.37 2069.28 2025.08 1985.17 UP

HDIL 20.1 19.67 19.23 20.67 21.23 20.23 37.19 DOWN

HEROMOTOCO 2973 2886.77 2800.53 3022.47 3071.93 2936.23 3517.82 DOWN

HEXAWARE 431.55 415.3 399.05 440.95 450.35 424.7 412.03 UP

HINDALCO 242.9 230.57 218.23 249.67 256.43 237.33 236.21 UP

HINDPETRO 243.15 236.63 230.12 250.33 257.52 243.82 328.43 DOWN

HINDUNILVR 1642.3 1611.8 1581.3 1662.6 1682.9 1632.1 1507.55 UP

HINDZINC 289.85 283.27 276.68 293.72 297.58 287.13 299.34 DOWN

IBREALEST 82.2 77.55 72.9 89.3 96.4 84.65 184.02 DOWN

IBULHSGFIN 906.1 819.4 732.7 978.4 1050.7 891.7 1231.26 DOWN

ICICIBANK 314 304.68 295.37 319.18 324.37 309.87 304.72 UP

ICICIPRULI 330.4 323.95 317.5 335.15 339.9 328.7 396.11 DOWN

ICIL 60.55 58.12 55.68 63.77 66.98 61.33 89.78 DOWN

IDBI 54.1 50.22 46.33 56.27 58.43 52.38 63.05 DOWN

IDEA 38.75 37.78 36.82 39.38 40.02 38.42 69.9 DOWN

IDFC 40.75 39 37.25 41.85 42.95 40.1 51.95 DOWN

IDFCBANK 37.35 35.87 34.38 38.17 38.98 36.68 47.17 DOWN

IFCI 12.4 11.75 11.1 12.8 13.2 12.15 20.17 DOWN

IGL 247.6 242.33 237.07 251.43 255.27 246.17 287.64 DOWN

INDIACEM 100.35 96.35 92.35 103.35 106.35 99.35 139.17 DOWN

INDIANB 246.25 228.03 209.82 255.98 265.72 237.77 333.63 DOWN

INDIGO 806.65 778.48 750.32 825.38 844.12 797.22 1172.01 DOWN

INDUSINDBK 1642.65 1615.57 1588.48 1669.82 1696.98 1642.73 1824.24 DOWN

INFIBEAM 66.9 46.53 26.17 79.83 92.77 59.47 168.05 DOWN

INFRATEL 267.6 262.3 257 272.6 277.6 267.3 318.7 DOWN

INFY 746.65 734.8 722.95 756.7 766.75 744.85 612.95 UP

IOC 153.95 150.97 147.98 155.97 157.98 152.98 173.98 DOWN

IRB 144.5 135.57 126.63 149.42 154.33 140.48 220.48 DOWN

ITC 297.1 292.68 288.27 302.23 307.37 297.82 277.15 UP

JETAIRWAYS 171.35 163.77 156.18 177.97 184.58 170.38 522.99 DOWN

JINDALSTEL 193.75 182.25 170.75 201.55 209.35 190.05 229.36 DOWN

JISLJALEQS 63.95 57.73 51.52 67.43 70.92 61.22 103.7 DOWN

JPASSOCIAT 7 6.45 5.9 7.35 7.7 6.8 16.79 DOWN

JSWENERGY 60.55 58.9 57.25 62.4 64.25 60.75 75.84 DOWN

JSWSTEEL 380.85 372.35 363.85 388.1 395.35 379.6 318.57 UP

JUBLFOOD 1240.75 1211.17 1181.58 1264.17 1287.58 1234.58 1216.74 UP

JUSTDIAL 484.25 430.6 376.95 516.45 548.65 462.8 511.78 DOWN

KOTAKBANK 1122 1039.2 956.4 1167.8 1213.6 1085 1185.04 DOWN

KPIT 221.85 205.03 188.22 232.83 243.82 216.02 247.09 DOWN

KSCL 558 535.37 512.73 579.47 600.93 556.83 542.27 UP

KTKBANK 99.4 95.28 91.17 101.73 104.07 97.62 125.54 DOWN

L&TFH 131.05 125.77 120.48 133.92 136.78 128.63 166.45 DOWN

LICHSGFIN 417.2 407.8 398.4 424.8 432.4 415.4 519.88 DOWN

LT 1248.1 1219.1 1190.1 1275.55 1303 1246.55 1319.85 DOWN

LUPIN 895.9 881.75 867.6 907.8 919.7 893.65 842.03 UP

M&M 847.6 837.55 827.5 861.05 874.5 851 838 UP

M&MFIN 413.95 393.38 372.82 427.18 440.42 406.62 470.14 DOWN

MANAPPURAM 74.5 70.5 66.5 76.95 79.4 72.95 107.57 DOWN

MARICO 333.25 327.23 321.22 340.58 347.92 334.57 329.08 UP

MARUTI 7463.95 7284.97 7105.98 7563.97 7663.98 7384.98 9006.31 DOWN

MCDOWELL-N 516.55 499.98 483.42 528.13 539.72 511.57 649.46 DOWN

MCX 705.85 667.73 629.62 726.23 746.62 688.12 803.74 DOWN

MGL 810.3 800.08 789.87 821.88 833.47 811.67 931.43 DOWN

MOTHERSUMI 248.8 239.77 230.73 257.22 265.63 248.18 325.73 DOWN

MRF 63025.65 62083.77 61141.88 64033.77 65041.88 63091.88 73219.38 DOWN

MRPL 69.5 67.87 66.23 72.37 75.23 70.73 101.9 DOWN

MUTHOOTFIN 425.95 394.9 363.85 450.35 474.75 419.3 416.17 UP

NATIONALUM 62.1 59.05 56 63.8 65.5 60.75 71.49 DOWN

NBCC 58.7 56.37 54.03 60.02 61.33 57.68 93.06 DOWN

NCC 72.1 67.62 63.13 74.77 77.43 70.28 112.44 DOWN

NMDC 111.15 108.25 105.35 114.05 116.95 111.15 120.9 DOWN

NTPC 169.6 167.07 164.53 171.22 172.83 168.68 166.27 UP

OFSS 4007.35 3924.78 3842.22 4066.13 4124.92 3983.57 4013.95 DOWN

ONGC 179 175.4 171.8 181.85 184.7 178.25 178.38 UP

ORIENTBANK 64.4 60.2 56 66.75 69.1 62.55 91.88 DOWN

PCJEWELLER 55.45 51.85 48.25 60.45 65.45 56.85 251.15 DOWN

PEL 2271.8 2204.63 2137.47 2334.48 2397.17 2267.32 2640.03 DOWN

PETRONET 222.15 218.32 214.48 225.67 229.18 221.83 231.7 DOWN

PFC 79.5 75.65 71.8 81.85 84.2 78 92.08 DOWN

PIDILITIND 1041.2 1004.8 968.4 1063.8 1086.4 1027.4 1015.83 UP

PNB 63.2 59.98 56.77 64.98 66.77 61.77 106.67 DOWN

POWERGRID 192.4 187.57 182.73 195.57 198.73 190.73 196.3 DOWN

PTC 71.3 67.72 64.13 73.27 75.23 69.68 91.31 DOWN

PVR 1224.9 1181.57 1138.23 1251.12 1277.33 1207.78 1339.37 DOWN

RAMCOCEM 652.8 627.53 602.27 668.98 685.17 643.72 737.61 DOWN

RAYMOND 668.6 642.03 615.47 683.58 698.57 657.02 946.65 DOWN

RBLBANK 524.9 499.63 474.37 541.53 558.17 516.27 529.18 DOWN

RCOM 11.95 11.33 10.72 12.33 12.72 11.72 19.83 DOWN

RECLTD 102 96.9 91.8 104.8 107.6 99.7 125.81 DOWN

RELCAPITAL 286.2 273.27 260.33 293.52 300.83 280.58 437.22 DOWN

RELIANCE 1231.7 1204.57 1177.43 1258.27 1284.83 1231.13 1012.19 UP

RELINFRA 299.1 286.3 273.5 306.95 314.8 294.15 440.46 DOWN

REPCOHOME 428.3 415.27 402.23 436.47 444.63 423.43 589.6 DOWN

RPOWER 26.55 25.45 24.35 27.2 27.85 26.1 38.19 DOWN

SAIL 69 65.72 62.43 70.77 72.53 67.48 80.16 DOWN

SBIN 273.85 266.9 259.95 278 282.15 271.05 276.89 DOWN

SHREECEM 16801.55 16334.37 15867.18 17130.97 17460.38 16663.78 17075.82 DOWN

SIEMENS 941.85 926.17 910.48 955.37 968.88 939.68 1089.56 DOWN

SOUTHBANK 13.75 13.08 12.42 14.13 14.52 13.47 24.25 DOWN

SREINFRA 36 32.18 28.37 38.23 40.47 34.42 74.47 DOWN

SRF 1716.25 1642.5 1568.75 1762.5 1808.75 1688.75 1913.04 DOWN

SRTRANSFIN 1139.35 1112.83 1086.32 1159.43 1179.52 1132.92 1394.16 DOWN

STAR 444.35 423.52 402.68 455.72 467.08 434.88 573.41 DOWN

SUNPHARMA 634.7 616.8 598.9 645.8 656.9 627.9 553.95 UP

SUNTV 653.65 612.22 570.78 677.67 701.68 636.23 873.36 DOWN

SUZLON 5.65 5.22 4.78 5.92 6.18 5.48 10.36 DOWN

SYNDIBANK 31.65 30.48 29.32 32.28 32.92 31.12 54.43 DOWN

TATACHEM 690.5 675.15 659.8 701.2 711.9 685.85 718.13 DOWN

TATACOMM 503.2 491.53 479.87 512.38 521.57 500.72 609.9 DOWN

TATAELXSI 1161.75 1121.85 1081.95 1190.8 1219.85 1150.9 1178.53 DOWN

TATAGLOBAL 230.9 223.1 215.3 236.65 242.4 228.85 268.04 DOWN

TATAMOTORS 229.35 222.75 216.15 233.2 237.05 226.6 325.45 DOWN

TATAMTRDVR 120.95 116.47 111.98 123.47 125.98 118.98 184.33 DOWN

TATAPOWER 67.95 65.7 63.45 69.3 70.65 67.05 81 DOWN

TATASTEEL 583.2 565.2 547.2 593.5 603.8 575.5 613.37 DOWN

TCS 2255.55 2205.28 2155.02 2290.88 2326.22 2240.62 1705.2 UP

TECHM 759.55 746.33 733.12 768.13 776.72 754.92 644.93 UP

TITAN 809.75 789.7 769.65 822.1 834.45 802.05 882.6 DOWN

TV18BRDCST 34.3 32.53 30.77 35.58 36.87 33.82 55.55 DOWN

TVSMOTOR 561.35 536.13 510.92 576.43 591.52 551.22 626.55 DOWN

UBL 1328 1274.37 1220.73 1373.27 1418.53 1319.63 1149.76 UP

ULTRACEMCO 3940.2 3846.13 3752.07 4042.13 4144.07 3948.07 4079.7 DOWN

UNIONBANK 69.2 65.08 60.97 71.63 74.07 67.52 100.99 DOWN

UPL 665.6 645.83 626.07 677.68 689.77 657.92 701.61 DOWN

VGUARD 177.15 170.62 164.08 180.82 184.48 174.28 220.67 DOWN

VOLTAS 536.4 520.9 505.4 546 555.6 530.5 593.65 DOWN

WIPRO 330.15 324.62 319.08 334.07 337.98 328.53 288.98 UP

WOCKPHARMA 539.05 519.42 499.78 550.52 561.98 530.88 725.91 DOWN

YESBANK 200.85 179.7 158.55 212.9 224.95 191.75 333.29 DOWN

ZEEL 439.35 427.7 416.05 446.5 453.65 434.85 553.21 DOWN



Comfort ‘Forecast and Analysis’

Forecast and Analysis is a daily newsletter that provides technical update on all the major instruments of the world like Gold, Silver, Crude Oil, US Dollar Index and USD/INR. We define their support and resistance levels and attempt to forecast their movement with a short / medium term perspective. Also in the report, a trader will find bias for the mentioned instruments.

This newsletter is also quite popular with a market participant who loves to have insight & theme on MCX Gold, MCX Silver as well MCX Crude-Oil.

Forecast and Analysis

Instrument TRADING STRATEGYLTP S1 S2 R1 R2 Bias


MCX GOLD

MCX SILVER

MCX CRUDE OIL

MCX COPPER

MCX NATURAL GAS

USD-INR

Forecast and Analysis …Direction at a glance



Gold price closed on a positive note in Tuesday's trade. Downside well supported near 30200 mark. Interweek strategy: Establish long positions between 30545-30575 zone, targeting 31250-31350 mark and then aggressive targets at 31900 with stop at 30175.

Silver prices traded subdued in Tuesday's trade. We have a neutral bias with confirmation of major strength only above 38800.

The recent sequence of higher highs/lows remains intact. Interweek strategy: Establish long positions between 5300-5345 zone, targeting 5645 zone and then aggressive targets at 6000 with stop at 5100.

Copper prices are back in positive momentum. Interweek strategy: Establish long positions between 444-449 zone, targeting 479 mark with stop at 501.

Natural Gas prices continue to be in positive territory. Intraday strategy: Establish long positions between 219-223 zone , targeting 237.50 and then aggressive targets at 249-251 zone with stop at 201.

USD/INR witnessed an all time high in Monday's trade. Key support now at 71.25. Interweek strategy: We have a neutral bias overbought technical conditions. Having said that buying on any sharp declines should be the preferred strategy.

30948 30200 29700 31350 31900 Positive

38480 37700 36850 38800 39650 Neutral

5508 5245 5100 6000 6500 Positive

455 427 396 479 501 Positive

228.10 215.00 203.00 237.50 251.00 Positive

73.34 71.25 68.85 75.00 77.00 Positive

The Indian Rupee may slump on reports that Italian budget turmoil is seen deepening. Buy USD/INR on any sharp 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



Dow closes at record even as trade fears simmer. Robust domestic economy seen as key trigger for optimism.

Gold prices rebounded sharply in Tuesday's trade. Hurdles now seen at 1245. Confirmation of major strength only above 1245.

Silver prices too rebounded in Tuesday's trade. Hurdles now seen at 15.45. Confirmation of major strength only above 16.09.

The recent sequence of higher highs/lows remains intact. Intraday strategy: Establish long positions at CMP targeting 78-81 zone with stop at 72.

We have a neutral bias on EUR/USD. Major weakness seen only below 1.1486.

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

Overnight at Wall Street, The Dow Jones Industrial Average rose for a fourth straight session, despite a weak broader markets on lingering trade worries. Positive bias to continue.

1207 1189 1271 1227 1245 Neutral

14.71 14.56 14.10 15.45 16.09 Neutral

75.05 72 68.3 77.5 81 Positive

1.1550 1.1379 1.1100 1.1745 1.1900 Negative

95.45 92.50 89.25 97.50 99.00 Positive

26731 26349 26030 27200 27600 Positive


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

153.1 150.63 148.17 154.38 155.67 144.97 133.07 DOWN

1396.5 1386.33 1376.17 1410.33 1424.17 1088.68 1394 UP

4652 4631.33 4610.67 4681.33 4710.67 4273.65 4645 UP

4110 4082.33 4054.67 4151.33 4192.67 3822.8 3953 UP

454.95 448.62 442.28 459.07 463.18 446.18 447.4 UP

21930 21763.33 21596.67 22023.33 22116.67 21440.1 22470 UP

5501 5380 5259 5567 5633 4476.36 5116 UP

30592 30410 30228 30734 30876 30382.51 31120 UP

9148 9095.67 9043.33 9234.67 9321.33 8882.3 9370 DOWN

4269 4247 4225 4304 4339 4123.23 4364 DOWN

18775 18690 18605 18855 18935 17631.55 19180 DOWN

148.75 147.27 145.78 150.27 151.78 156.85 142.65 DOWN

1672.3 1660.53 1648.77 1689.03 1705.77 1468.04 1241.75 UP

228.1 222.27 216.43 231.37 234.63 191.14 214.6 UP

913.8 902.83 891.87 923.13 932.47 915.41 895 UP

4141 4124.33 4107.67 4166.33 4191.67 4024.89 4274 UP

38445 38131 37817 38683 38921 38755.82 36958 DOWN

3050 3050 3050 3050 3050 3614.83 3015 UP

3167 3143.33 3119.67 3209.33 3251.67 3495.28 3412.5 UP

197.1 192.52 187.93 199.57 202.03 202.23 179.05 DOWN



DISCLAIMER: This is solely for information of clients of Comfort Securities Ltd. and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Comfort Securities Ltd. its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but Comfort Securities Ltd. or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information.

Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by Comfort Securities Ltd. in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Comfort Securities Ltd. has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Comfort Securities Ltd. makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment.

POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report)Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.

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