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Welcome Note

Friday31st August, 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 last trading day of the week and also the last

trading day of the month at Dalal Street, dated 31st of August 2018.

In early action, SGX Nifty is seen stumbling, down 50 points at 10,686.

Well, after regaining all-time-high in August series, the benchmark Nifty is set for a

dreadful start for the September series. The two key negative catalysts:

1. Weakening Indian Rupee.

2. Strength in Crude-oil prices.

Our call of the day suggests that the bulls' camp cannot afford to be complacent at

the moment. The above two negative catalysts are bound to temper some excitement.

And if yesterday's trading action is any indication then the ongoing optimism at Dalal Street

will not last forever. The longevity of the ongoing uptrend is now in question mark.

Brace yourself for volatile sessions in near term as we are expecting crude-oil prices to rise

further amidst risk of disruption, especially from OPEC-countries like Venezuela, Iran,

Libya and Nigeria. Also, a trade war unlikely to curb China's appetite for US crude.

Higher crude oil prices will definitely keep the Indian Rupee under pressure.

We suspect, escalating trade tension between U.S-China could be the real villain rattling

our stock markets.

Long story short: Traders need to keep their books extremely light and caution should

be the buzzword. Those aggressive bullish traders getting tempted by get-rich-quick

bullish stocks then will lose their hard-earned money.

Perma-bulls also need to have a strategy in case the bears takes the centre stage, else they

are putting themselves at major risk of capital.

The bottom line: Anxious bulls, time to keep away from the expectant bears.

Outlook for Friday: Nifty may consolidate. Key support seen at

11,601 mark.

Commanding attention would be trade-related news amid worries that heightened

tensions between U.S. -China could not only hamper U.S. economic growth but derail the

global economy at large.

The bears will undoubtedly have an edge, but the big question is: Will that big

bearish moment be today?

We believe after a cautious start, Nifty may again consolidate in today's trading session.

Any up move will be with lots of hesitation! The last two days trading action is any

indication then the ongoing optimism at Dalal Street will not last forever!

It will be challenging at the moment for the traders camp as one of the areas of concern is

that there’s still a relatively narrow breadth in the market in terms of leadership.

On the option data front, key resistance level for the September series are at 11,800 strike

price. While support for Nifty are seen at 11,000 strike price as maximum put open interest

seen at 11,000 strike price.

STOCKS TO WATCH:

• Our chart of the day suggests establishing long positions ONLY if there is sizeable

correction in stocks like VGUARD, ORACLE FINANCE (OFSS) and BANK OF INDIA

with interweek perspective.

11677 -0.13%

28103 -0.16%

11008 -0.45%

32844 1.28%

3252 0.42%

15529 0.03%

2857 0.16%

5330 0.17%

3665 0.85%

10121 1.12%

276 0.60%

7642 0.48%

38690 -0.08%

11717 -0.17%

Consolidation day likely.

Neutral (11645-11745)

Neutral (11300-11901)

Neutral (12001)

11645 & 11531

11771 & 12001

11321



Technical Strategy


• Bullish stocks: OFSS, UPL, ADANI ENTERPRISES, BHARAT FORGE, CENTURY

TEXTILE, DHFL, M&M, MCDOWELL, UBL, SAIL, TATA ELXSI, VGUARD.

• Bearish stocks: ALLAHABAD BANK, BEL, BPCL, HPCL, JUST DIAL, MCX, MGL,

MRF, SOUTH INDIAN BANK, SUN TV, SUZLON, SYNDICATE BANK, TATA GLOBAL.

• Show Me the Money: Buy JINDAL STEEL & POWER (CMP 222.75): Jindal Steel &

Power is aiming to move above its crucial oversold technical conditions on the daily

charts. Confirmation of major strength above 227.50 mark. Intraday Strategy: Buy

between 213-217 zone, targeting 227.50 and then more aggressive targets located

at 231-235 zone. Stop below 209.

• Auto stocks will be in focus as August monthly sales numbers would start trickling in

from this weekend. In this space, we like Escorts.

• JSW Steel To Replace Lupin In Nifty 50 From Sept. 28. The company will join Tata

Steel Ltd., the only other steelmaker in the index, according to a press release by the

National Stock Exchange.

• ICICI Securities: Chanda Kochhar reappointed on the board of the company as

ICICI Bank voted in favour of Kochhar’s reappointment at company.

• Karnataka Bank: The meeting of the board of directors of the bank has been

scheduled on September 5 to consider the proposal for augmenting the capital

through Tier II instruments.

• Stocks banned in F&O segment for today: No stocks under ban period on NSE.

FII & DII DATA:

• As per Thursday's provisional data available on the NSE, Foreign institutional

investors (FIIs) bought shares worth Rs 958.01 crore while domestic institutional

investors sold shares worth Rs 1,598.67 crore in the Indian equity market.

GLOBAL CUES:

• Amazon was star performer in yesterday’s trade at Wall Street. Amozon shares

crossed the $2,000 level on Thursday for the first time, gaining over 70% this year.

Apple, which became the first U.S. publicly traded company to reach the $1 trillion

mark earlier this month, now has a market cap around $1.05 trillion and is the

second-best performing Dow component this year with a gain of 32%.

The rally in shares of Apple and Amazon have helped push the Nasdaq Composite

past the 8,000 mark for the first time. The tech-heavy benchmark has gained 17%

this year.

Bezos is already by far the world’s richest person. His net worth is currently

estimated to be $164 billion, compared with second-place Bill Gates of Microsoft

fame at $98.4 billion, and with third-place Warren Buffett, at $87.1 billion.

• Overnight, Wall Street snapped a four-day winning streak to finish lower Thursday,

with the Dow falling back below 26,000, on a report that President Donald Trump is

likely to press ahead with tariffs against $200 billion worth of Chinese products.

COMMODITY CUES:

• Oil prices rose on Thursday, extending gains on growing evidence of serious

disruptions to crude supply from Iran and Venezuela and after a fall in U.S. crude

inventories.

• Copper prices were seen struggling for direction in yesterday's trade amidst value

buying. MCX COPPER (422): Interweek strategy: Establish long positions at CMP,

targeting 431 and then at 441-447.50 zone with stop at 405.

ORACLE FINANCE (OFSS)

Action

Target

Support

Resistance

Holding Period

4171

BUY

5001

3875/3661

4401/5050

90 days

In Thursday's trade, Oracle Finance (OFSS))

ended on a positive note and was seen

attempting a major breakout from a higher

consolidation zone on the daily charts, up 0.32%.

Technically, the stock is in consolidation mode at

higher levels and the momentum oscillators are

signaling a major breakout on the buy mode. Any

move above 4401 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 3875 zone.

Medium term supports seen at 3661-3675 zone.

Intermonth perspective: Establish long

positions at CMP, and on dips between 75-3875-

3901 zone, targeting 4405 zone and then at

4750 mark and final aggressive targets at 5001-

5050 zone with strict stop at 3651.




• Gold prices were at two-week high as the dollar fell to a one-month low following the U.S. and Mexico deal.

CURRIENCIES & BONDS:

• The U.S. dollar index traded drifted in yesterday's trade, amidst profit booking.

• The rupee plunged by 49 paise against the dollar to close at 70.59 on Wednesday. That marked the steepest fall in the rupee against the

greenback in about two weeks. Buying on dips should be preferred strategy. Interweek strategy: Establish long position between 69.95-

70.10 zone, targeting 71 and then aggressive targets at 72.50-73 with stop at 69.45.

MACRO WATCH:

• In terms of economic data, investors got further confirmation the U.S economy is improving. Second-quarter GDP was revised to 4.2%

versus the initial 4.1%. The street was expecting no change.

• All anxious eyes will be on India's GDP growth data for the April-June quarter due this Friday.

What Technical Tells Us on Nifty: Nifty ended with small losses in yesterday's trade and settled below the crucial 11,700 mark.

However, the market breadth, indicating the overall health of the market, was positive. The BSE Mid-Cap index rose 0.43%. The BSE Small-Cap

index rose 0.27%. Both these indices outperformed the Sensex.

Technically speaking, the must watch support levels are placed at 11,601 & then at 11,531. The technical landscape will worsen only if Nifty slips

below the 11,319 mark as that would open the door to massive technical selling, possibly quickly to the 10,750-10,901 zone.

The intraday bias is neutral amidst deteriorate technical conditions

For the day, we believe, Nifty will trade with slight negaive bias with downside well supported at 11601 mark. Hurdles continue to be at

psychological 11,801 mark and then aggressive targets at 12,001 mark.

The price action for Nifty is suggesting that we are likely to see an 11,501-11,801 range in near term with positive bias.

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

We suspect, Nifty still have some way to go before hitting the wall.

Preferred trade on Nifty: Nifty (11677): Buy only on any sharp corrective declines between 11601-11611 zone, targeting 11721 and then at

11851-11901 zone with stop at 11501.

Preferred trade on Bank Nifty: Bank Nifty (28103): Establish long positions at CMP, targeting 28501 zone and then at 28901-29001 zone with

strict stop at 27551.

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


DLF has signalled a major breakout from a higher consolidation zone on the daily charts. Intraday Strategy: Establish long positions between 215-217.50 zone, targeting 225-227.50 zone and then aggressive targets located at 231 mark. Stop below 212.05.

BOI is aiming to move above its crucial oversold technical conditions on the daily charts. Confirmation of major strength above 105.05 mark. Interweek Strategy: Buy between 96-97.50 zone, targeting 103-105 zone and then more aggressive targets located at 109-111 Stop below 95.45.

The interweek/intermonth risk is on the upside with immediate targets at 701. Key intraday support seen at 657.50. Interweek Strategy: Buy between 657.50-662.50 zone, targeting 677.50 zone and then at 695-701 zone with stop below 645.

Buying on any corrective declines should be the preferred strategy for VGUARD. Key interweek support seen at 207.50 zone. Interweek Strategy: Buy between 218-222 zone, targeting 227.50 and then at 235-241 zone. Stop below 215.05.

KPIT enjoyed a strong session in yesterday's trade, up 0.46%. The recent sequence of higher highs/lows is intact on weekly charts. Interweek Strategy: Buy between 292-295 zone, targeting 302.50 and then more aggressive targets located at 307-311 zone. Stop below 289.05.

Establish long positions on any early declines: BOI & KPIT.

DLF

BANK OF INDIA (BOI)

DHFL

VGUARD

KPIT

221.1 212.5 207 227.5 231 Positive

99.5 95.75 92.5 105.05 111 Positive

666.3 657.5 645 677.5 701 Positive

224.25 217.5 207..50 227.5 241 Positive

296.4 291 285 302.5 311 Positive



EQUITY DERIVATIVESLooking into the future from present.

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

Nifty Spot

Bank Nifty Future

VIX

Premium

Nifty Future OI

Bank Nifty Spot OI

BSE Cash Vol. (Rs. in Cr)

NSE Cash Vol.(Rs. in Cr)

NSE Derivative Vol. (Rs. in Cr)

Index Future Volumes

Stock Future Volumes

Index Option Volumes

Stock Option Volumes

Total

Cash Volumes (INR in Cr.)

YesterdayDay Before Yesterday

Derivatives Vol.(INR in Cr.)

No of contracts

Turnover (Rs. In cr.)

Major Changes in Nifty Options (OI)

Market Summary: In Thursday's wobbly trading session, the key benchmarks Nifty & Sensex were seen holding their

ground. Volatility was hallmark as is typical for derivative expiry day. The bulls camp were bit hesitant

primarily on concerns of:

1. Weakening Indian Rupee.

2. Strength in Crude-oil prices. We suspect, the above two negative catalysts are bound to temper some excitement. Looks like, in

September series, even Nifty may take a breather from its record run. Technically, Nifty's major mark in the sand would be its all-time-high at 11,761 mark, which will prove

stiff resistance. We should start to see momentum build only on any successive close above 11,761

mark. The biggest support to watch is at 11,600 mark. The technical landscape warrants caution amidst overbought conditions, as also on fact that Nifty is

trading way above its 200-day moving average which is placed at 10,675 mark. Focus now shifts to India's GDP growth data for the April-June quarter due today.

Amongst broader indices, the BSE Midcap index rose by 0.43%. The BSE Smallcap index too was up

0.27%. Both the indices clearly outperformed Sensex/Nifty.

Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE FMCG Index (up 1.11%), BSE

Healthcare Index (up 0.85%), BSE Metal Index (up 0.78%).

Amongst the sectoral indices, underperforming the Sensex/Nifty were BSE Bankex Index (down

0.38%), BSE Auto Index (down, 0.33%), BSE Consumer Durables Index (down, 0.26%)

Amongst stock specific action, positive bias was seen in stocks like SUN PHARMA (up 3.31%), GAIL

(2.45%), TATA STEEL (up 2.37%)

Among stocks drifting down were: EICHER MOTORS (down 2.04%), BAJFIN (down 1.93%),

HINDPETRO (down 1.79%)

Maximum Call Open Interest (OI) stands at 11800 Strike Price, followed by 12000 Strike Price for

September Series. Call writing was seen predominantly at 11900-12100 strike prices for September

series.

Maximum Put Open Interest (OI) was seen at strike price 11400 followed by 11,000 strike price for

September series. Put buying was seen predominantly at 11300-11650 strike prices for September

series.

Highest OI Nifty: Calls 11800: 22.40 L - Puts 11400: 27.60

Highest OI Bank Nifty: Calls 29000: 6.67 L - Puts 27000: 6.65 L

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

Long Buildup: DLF, INDIA CEM, GAIL, PETRONET, M&M FIN.

Short Buildup: HINDPETRO, AXIS BANK, EXIDE, IBHSGFIN, ESCORTS.

Short Covering: BANK OF BARODA, GRANULES, TVS MOTOR, TATAELXSI, CANBK.

Long Unwinding: RELIANCE, HDFC, BIOCON, BAJFIN, RBLBANK.

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

New In Ban: NIL.

Out of Ban: DHFL, IDBI, PNB.

Future Call: SELL HDFC SEPTEMBER FUTURES at CMP 1942.

Targets 1920 and then at 1899. Stop: 1963. Holding Period:

Intraday. Analyst’s Remark: Breaking Down (HDFC September

Futures CMP 1942).

Option Call: BUY DLF SEPTEMBER CE strike price 235 at CMP 5.20.

Profit: Unlimited. Maximum Loss: Rs. 13,000. Stop: Exit Call option if

DLF moves below 213. (DLF September Futures CMP 222.30).

11676.80 (-0.13%)

28103.25 (-0.43%)

12.4125 (-0.18%)

+63 vs +55

2.34 crores (+32.24%)

16.40 lakhs (+56.07%)

2798.23 2989.75

41144.29 35363.26

1931286 1080212

398296 38103

2007357 143457

15725202 1656221

1153147 93505

19284002 1931286

Calls in lakhs (%Change)

11700 16.32 (+35%)

11800 22.4 (+53%)

11900 14.58 (+96%)

Puts in lakhs (% Change)

11400 27.24 (+45%)

11600 25.92 (+54%)

11700 24.26 (+67%)


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 11676.8 11644.73 11612.67 11703.83 11730.87 11671.77 10668.97 UP

BANKNIFTY 28103.25 27965.43 27827.62 28237.38 28371.52 28099.57 26007.12 UP

NIFTYMID50 5330.45 5308.32 5286.18 5351.77 5373.08 5329.63 5158.87 UP

ACC 1624.05 1610.83 1597.62 1634.58 1645.12 1621.37 1559.95 UP

ADANIENT 224 218.78 213.57 230.23 236.47 225.02 161.63 UP

ADANIPORTS 383.75 379.5 375.25 388.6 393.45 384.35 391.59 DOWN

AJANTPHARM 1249.65 1236.78 1223.92 1258.73 1267.82 1245.87 1262.18 DOWN

ALBK 41.85 40.85 39.85 42.6 43.35 41.6 54.23 DOWN

AMARAJABAT 842.5 832.77 823.03 858.47 874.43 848.73 810.31 UP

ANDHRABANK 33.5 32.67 31.83 34.12 34.73 33.28 44.09 DOWN

APOLLOTYRE 250.55 248.83 247.12 252.13 253.72 250.42 268.72 DOWN

ARVIND 401.4 398.05 394.7 404.2 407 400.85 414.3 DOWN

ASHOKLEY 130.85 130.03 129.22 132.18 133.52 131.37 133.39 DOWN

ASIANPAINT 1378.7 1368.6 1358.5 1393.75 1408.8 1383.65 1225.34 UP

AUROPHARMA 687 681.65 676.3 695.55 704.1 690.2 623.66 UP

AXISBANK 649.75 641.25 632.75 660.05 670.35 651.55 546.88 UP

BAJAJ-AUTO 2701.65 2682.57 2663.48 2721.62 2741.58 2702.53 2976.57 DOWN

BAJAJFINSV 6929.9 6888.7 6847.5 6982.4 7034.9 6941.2 5610.64 UP

BAJFINANCE 2926.75 2900.5 2874.25 2973.45 3020.15 2947.2 2016.81 UP

BALKRISIND 1403.85 1386.57 1369.28 1434.57 1465.28 1417.28 1162.34 UP

BALRAMCHIN 76.2 74.2 72.2 77.6 79 75.6 96.92 DOWN

BANKBARODA 150.15 146.8 143.45 152.35 154.55 149 146.86 UP

BANKINDIA 99.85 95.57 91.28 102.42 104.98 98.13 124.03 DOWN

BATAINDIA 1087.2 1076.47 1065.73 1100.77 1114.33 1090.03 787.54 UP

BEL 114.2 113.43 112.67 115.33 116.47 114.57 142.79 DOWN

BEML 818.95 811.63 804.32 825.63 832.32 818.32 1158.43 DOWN

BERGEPAINT 337.1 333.68 330.27 342.63 348.17 339.22 274.17 UP

BHARATFIN 1142.7 1132.65 1122.6 1160.2 1177.7 1150.15 1097.26 UP

BHARATFORG 669 661.47 653.93 677.52 686.03 669.98 694.29 DOWN

BHARTIARTL 383.1 377.5 371.9 386.85 390.6 381.25 420.92 DOWN

BHEL 80.85 79.93 79.02 81.83 82.82 80.92 84.71 DOWN

BIOCON 605.25 598.75 592.25 616.15 627.05 609.65 584.54 UP

BPCL 363.35 359.3 355.25 365.95 368.55 361.9 434.6 DOWN

BRITANNIA 6690 6578.13 6466.27 6788.93 6887.87 6677.07 5393.7 UP

CANBK 286.15 279.83 273.52 290.88 295.62 284.57 296.66 DOWN

CANFINHOME 317.65 315.37 313.08 319.57 321.48 317.28 424.09 DOWN

CAPF 655.3 649.1 642.9 662.45 669.6 656.25 634.38 UP

CASTROLIND 157.95 156.73 155.52 159.78 161.62 158.57 184.83 DOWN

CEATLTD 1404.05 1388.03 1372.02 1429.03 1454.02 1413.02 1563.2 DOWN

CENTURYTEX 960.75 954.17 947.58 968.67 976.58 962.08 1141.13 DOWN

CESC 1004.05 992.68 981.32 1022.58 1041.12 1011.22 999.41 UP

CHENNPETRO 311.6 307.4 303.2 314.8 318 310.6 349.39 DOWN

CHOLAFIN 1462.75 1442.43 1422.12 1477.03 1491.32 1456.72 1447.48 UP

CIPLA 649.45 642.67 635.88 654.07 658.68 647.28 596.18 UP

COALINDIA 285.6 283.28 280.97 289.23 292.87 286.92 280.63 UP

COLPAL 1153.45 1147.97 1142.48 1158.97 1164.48 1153.48 1117.35 UP

CONCOR 632.7 626.8 620.9 642.3 651.9 636.4 659.78 DOWN

CUMMINSIND 777.85 771.6 765.35 782.7 787.55 776.45 773.66 UP

DABUR 479.9 475.42 470.93 484.37 488.83 479.88 366.03 UP

DALMIABHA 2652.05 2621.1 2590.15 2673.45 2694.85 2642.5 2802.95 DOWN

DCBBANK 175.1 173.6 172.1 176.25 177.4 174.75 178.08 DOWN

DHFL 665.35 657.1 648.85 673.9 682.45 665.65 594.38 UP

DISHTV 71 70.38 69.77 71.68 72.37 71.07 74 DOWN

DIVISLAB 1300.85 1276.07 1251.28 1316.32 1331.78 1291.53 1094.89 UP

DLF 221.1 216.1 211.1 224.8 228.5 219.8 216.48 UP

DRREDDY 2380.15 2364.15 2348.15 2407.05 2433.95 2391.05 2215.82 UP

EICHERMOT 27602.15 27272.77 26943.38 28210.72 28819.29 27881.33 28926.21 DOWN

ENGINERSIN 127.7 125.1 122.5 129.4 131.1 126.8 156.91 DOWN

EQUITAS 159 155.12 151.23 162.02 165.03 158.13 147.64 UP

ESCORTS 879.15 870.57 861.98 893.22 907.28 884.63 851.07 UP

EXIDEIND 284.45 281.57 278.68 289.57 294.68 286.68 238.28 UP

FEDERALBNK 80.85 80.03 79.22 81.93 83.02 81.12 94.78 DOWN

FORTIS 148.65 147.53 146.42 149.88 151.12 148.77 144.8 UP

GAIL 376.2 367.17 358.13 382.37 388.53 373.33 349.42 UP

GLENMARK 659.65 647.57 635.48 667.87 676.08 655.78 568.94 UP

GODREJCP 1440.7 1431.57 1422.43 1448.92 1457.13 1439.78 1117.52 UP

GODREJIND 629.7 625.67 621.63 633.87 638.03 629.83 587.5 UP

GRANULES 112.7 110.82 108.93 114.37 116.03 112.48 109.42 UP

GRASIM 1074 1064.67 1055.33 1082.07 1090.13 1072.73 1088.95 DOWN

GSFC 120.55 119.17 117.78 121.47 122.38 120.08 127.02 DOWN

HAVELLS 719.35 709.6 699.85 725.55 731.75 715.8 551.98 UP

HCC 14.6 14.22 13.83 15.12 15.63 14.73 25.37 DOWN

HCLTECH 1016.55 1009.1 1001.65 1028.45 1040.35 1021 939.93 UP

HDFC 1934.15 1920.12 1906.08 1956.32 1978.48 1942.28 1838.51 UP

HDFCBANK 2066.1 2056 2045.9 2082.05 2098 2071.95 1967.6 UP

HDIL 30.4 29.63 28.87 31.73 33.07 30.97 40.39 DOWN

HEROMOTOCO 3223.7 3204.17 3184.63 3249.12 3274.53 3229.58 3564.99 DOWN

HEXAWARE 432.8 427.18 421.57 436.68 440.57 431.07 400.82 UP

HINDALCO 240.25 236.77 233.28 242.67 245.08 239.18 237.24 UP

HINDPETRO 253.05 250.53 248.02 256.63 260.22 254.12 345.12 DOWN

HINDUNILVR 1772.85 1758.63 1744.42 1783.43 1794.02 1769.22 1471.56 UP

HINDZINC 296.9 293.95 291 300.25 303.6 297.3 299.94 DOWN

IBREALEST 152.5 149.8 147.1 154.45 156.4 151.75 192.25 DOWN

IBULHSGFIN 1262.3 1251.4 1240.5 1277.8 1293.3 1266.9 1238.42 UP

ICICIBANK 344.35 339.55 334.75 347.3 350.25 342.5 303.79 UP

ICICIPRULI 377.1 373.73 370.37 382.23 387.37 378.87 398.16 DOWN

ICIL 75.35 74.17 72.98 76.17 76.98 74.98 94.36 DOWN

IDBI 60.95 60.32 59.68 61.52 62.08 60.88 63.44 DOWN

IDEA 49.85 48.98 48.12 50.53 51.22 49.67 74.93 DOWN

IDFC 52.85 52.18 51.52 53.53 54.22 52.87 53.33 DOWN

IDFCBANK 48.55 48.02 47.48 49.17 49.78 48.63 48.38 UP

IFCI 17.2 16.8 16.4 17.5 17.8 17.1 21.09 DOWN

IGL 290.5 286.7 282.9 294.25 298 290.45 292.58 DOWN

INDIACEM 125.8 121.57 117.33 128.62 131.43 124.38 144.91 DOWN

INDIANB 333.85 326.18 318.52 338.08 342.32 330.42 344.64 DOWN

INDIGO 940.7 919.37 898.03 963.17 985.63 941.83 1200.04 DOWN

INDUSINDBK 1875.65 1859.28 1842.92 1899.73 1923.82 1883.37 1809.15 UP

INFIBEAM 228.65 223.83 219.02 235.18 241.72 230.37 164.49 UP

INFRATEL 284.4 281 277.6 286.9 289.4 283.5 329.64 DOWN

INFY 1416.2 1401.05 1385.9 1426.45 1436.7 1411.3 1178.34 UP

ITC 319.85 315.37 310.88 322.47 325.08 317.98 272.42 UP

JETAIRWAYS 286.95 282.3 277.65 290.75 294.55 286.1 566.22 DOWN

JINDALSTEL 222.75 216.25 209.75 228.5 234.25 222 224.16 DOWN

JISLJALEQS 85.6 83.93 82.27 86.83 88.07 85.17 106.93 DOWN

JPASSOCIAT 11.75 11.18 10.62 12.18 12.62 11.62 17.68 DOWN

JSWENERGY 70.4 68.92 67.43 71.52 72.63 70.03 77.31 DOWN

JSWSTEEL 397.9 391.1 384.3 406.75 415.6 399.95 304.36 UP

JUBLFOOD 1526.05 1511.43 1496.82 1551.53 1577.02 1536.92 1167.75 UP

JUSTDIAL 555.8 551.43 547.07 560.73 565.67 556.37 512.58 UP

KOTAKBANK 1278.05 1266.97 1255.88 1285.57 1293.08 1274.48 1165.46 UP

KPIT 296.4 293.85 291.3 299.15 301.9 296.6 235.38 UP

KSCL 641.05 635.07 629.08 646.02 650.98 640.03 534.05 UP

KTKBANK 118.85 117.83 116.82 120.33 121.82 119.32 130.04 DOWN

L&TFH 183.9 182.22 180.53 186.32 188.73 184.63 169.01 UP

LICHSGFIN 525.75 519.83 513.92 529.83 533.92 523.92 531.66 DOWN

LT 1346.55 1339.4 1332.25 1358.3 1370.05 1351.15 1308.38 UP

LUPIN 893.65 882.43 871.22 902.43 911.22 891.22 832.59 UP

M&M 982.95 976.7 970.45 990.4 997.85 984.15 815.94 UP

M&MFIN 492.85 483.83 474.82 498.43 504.02 489.42 470.64 UP

MANAPPURAM 100.7 100.02 99.33 101.37 102.03 100.68 109.15 DOWN

MARICO 370.2 366.33 362.47 375.58 380.97 371.72 325.25 UP

MARUTI 9205.8 9135.63 9065.47 9322.98 9440.17 9252.82 9021.46 UP

MCDOWELL-N 646.45 637.17 627.88 658.77 671.08 649.48 657.75 DOWN

MCX 823.3 815.28 807.27 830.08 836.87 822.07 822.03 UP

MGL 848.25 838.33 828.42 854.48 860.72 844.57 958.13 DOWN

MOTHERSUMI 309.85 307.9 305.95 312.1 314.35 310.15 333.32 DOWN

MRF 73218.8 72761.88 72304.96 73914.83 74610.87 73457.91 73213.42 UP

MRPL 81.4 80.37 79.33 82.17 82.93 81.13 106.73 DOWN

MUTHOOTFIN 409.1 406.13 403.17 412.63 416.17 409.67 417.45 DOWN

NATIONALUM 76.2 74.85 73.5 78 79.8 76.65 72.72 UP

NBCC 72.25 71.62 70.98 73.07 73.88 72.43 99.6 DOWN

NCC 98.25 97.5 96.75 99.5 100.75 98.75 114.94 DOWN

NMDC 109.6 108.07 106.53 110.57 111.53 109.03 122 DOWN

NTPC 169.7 166.58 163.47 171.78 173.87 168.67 167.3 UP

OFSS 4171.9 4156.27 4140.63 4186.27 4200.63 4170.63 3972.23 UP

OIL 213.85 209.47 205.08 216.37 218.88 211.98 227.13 DOWN

ONGC 177.45 175.1 172.75 180.85 184.25 178.5 178.88 DOWN

ORIENTBANK 84.8 80.67 76.53 87.67 90.53 83.53 97.25 DOWN

PCJEWELLER 85.65 84.4 83.15 87.15 88.65 85.9 281.33 DOWN

PEL 3121.45 3093.45 3065.45 3147.15 3172.85 3119.15 2627.11 UP

PETRONET 240.05 235.6 231.15 243.15 246.25 238.7 233.48 UP

PFC 85.3 83.97 82.63 86.32 87.33 84.98 96.21 DOWN

PIDILITIND 1136.4 1128.62 1120.83 1148.57 1160.73 1140.78 988.43 UP

PNB 85.1 83.83 82.57 86.13 87.17 84.87 117.15 DOWN

POWERGRID 196.95 193.5 190.05 199.3 201.65 195.85 197.38 DOWN

PTC 82.55 81.92 81.28 83.47 84.38 82.83 95.18 DOWN

PVR 1369.3 1343.93 1318.57 1397.83 1426.37 1372.47 1340.05 UP

RAMCOCEM 692.8 686.87 680.93 698.62 704.43 692.68 742.55 DOWN

RAYMOND 846.65 829.97 813.28 857.37 868.08 840.68 965.52 DOWN

RBLBANK 626.9 619.27 611.63 638.27 649.63 630.63 522.64 UP

RCOM 18.6 18.12 17.63 19.02 19.43 18.53 19.52 DOWN

RECLTD 119.65 117.37 115.08 121.22 122.78 118.93 130.6 DOWN

RELCAPITAL 464 445.97 427.93 479.02 494.03 460.98 442.11 UP

RELIANCE 1274.45 1264.22 1253.98 1290.92 1307.38 1280.68 980.21 UP

RELINFRA 463.95 438.57 413.18 484.02 504.08 458.63 444.61 UP

REPCOHOME 549.45 542.1 534.75 557.9 566.35 550.55 601.69 DOWN

RPOWER 36.65 34.73 32.82 38.28 39.92 36.37 38.71 DOWN

S&P500 2914.04 2902.79 2891.55 2920.89 2927.75 2909.65 2727.73 UP

SAIL 81.1 79.97 78.83 82.07 83.03 80.93 80.53 UP

SBIN 308.6 306.23 303.87 310.73 312.87 308.37 281.3 UP

SHREECEM 18869.15 18683.97 18498.79 19026.67 19184.18 18841.48 17058.73 UP

SIEMENS 1005.75 994.52 983.28 1024.47 1043.18 1013.23 1111.33 DOWN

SOUTHBANK 17.55 17.33 17.12 17.83 18.12 17.62 25.81 DOWN

SREINFRA 53.85 51.12 48.38 55.47 57.08 52.73 80.04 DOWN

SRF 2040.55 2020.87 2001.18 2072.37 2104.18 2052.68 1899.71 UP

SRTRANSFIN 1342.1 1328.78 1315.47 1358.18 1374.27 1344.87 1402.88 DOWN

STAR 490 482.67 475.33 496.17 502.33 488.83 605.36 DOWN

SUNPHARMA 639.95 627.4 614.85 647.25 654.55 634.7 542.19 UP

SUNTV 765 759.07 753.13 772.72 780.43 766.78 891.68 DOWN

SUZLON 7.05 6.9 6.75 7.25 7.45 7.1 11.09 DOWN

SYNDIBANK 40.6 39.47 38.33 41.47 42.33 40.33 59.69 DOWN

TATACHEM 759.9 747.43 734.97 769.48 779.07 757.02 717.39 UP

TATACOMM 559.45 549.12 538.78 566.67 573.88 556.33 627.05 DOWN

TATAELXSI 1407.3 1391.85 1376.4 1420.25 1433.2 1404.8 1140.22 UP

TATAGLOBAL 236 232.97 229.93 238.17 240.33 235.13 272.26 DOWN

TATAMOTORS 259.35 257.9 256.45 261.9 264.45 260.45 341.37 DOWN

TATAMTRDVR 138.2 137.07 135.93 140.27 142.33 139.13 194.36 DOWN

TATAPOWER 76.1 75.4 74.7 77.1 78.1 76.4 82.69 DOWN

TATASTEEL 608.35 596.27 584.18 615.22 622.08 603.13 619.06 DOWN

TCS 2082.4 2070.27 2058.13 2089.77 2097.13 2077.63 1627.99 UP

TECHM 731.9 722.43 712.97 739.18 746.47 729.72 618 UP

TITAN 878.35 872.57 866.78 887.57 896.78 881.78 878.83 DOWN

TV18BRDCST 45.9 45.15 44.4 46.95 48 46.2 56.52 DOWN

TVSMOTOR 565.85 558.25 550.65 573.05 580.25 565.45 641.1 DOWN

UBL 1420.95 1392.27 1363.58 1444.77 1468.58 1416.08 1124.15 UP

UJJIVAN 352.4 349.03 345.67 357.08 361.77 353.72 380.63 DOWN

ULTRACEMCO 4426.4 4393.27 4360.13 4452.27 4478.13 4419.13 4087.86 UP

UNIONBANK 90.5 87.6 84.7 92.2 93.9 89.3 109.62 DOWN

VEDL 230 227.08 224.17 231.98 233.97 229.07 279.98 DOWN

VGUARD 224.25 222.3 220.35 225.95 227.65 224 224.06 UP

VOLTAS 623.7 618.8 613.9 630.8 637.9 625.9 597.56 UP

WIPRO 298.95 295.3 291.65 301.3 303.65 297.65 285.81 UP

WOCKPHARMA 665.8 646.93 628.07 679.68 693.57 660.82 734.88 DOWN

YESBANK 361.75 356.83 351.92 367.83 373.92 362.92 335.43 UP

ZEEL 508.7 504.8 500.9 511.3 513.9 507.4 562.54 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



Interweek Strategy: Establish long positions between 29751-29901 zone, targeting 30251 and then at 30601-30699 zone. Stop 29451.

Interweek Strategy: Establish long positions between 36551-36751 zone, targeting 37601 and then at 38601-38751 zone. Stop 36101.

Intraday strategy: Establish long positions at CMP, targeting 5045 and then at 5205-5250 zone with stop at 4840.

Interweek strategy: Establish long positions at CMP, targeting 431 and then at 441-447.50 zone with stop at 405.

Interweek Strategy: Buy on any early dips between 197.50-199 zone, targeting 213 and then at 221-225 zone with stop below191.

USD/INR was seen flaring up in yesterday's trade. Buying on dips should be preferred strategy. Interweek strategy: Establish long position between 70.45-70.55 zone, targeting 71 and then aggressive targets at 72.50-73 with stop at 69.69.

30171 29451 28695 30251 30699 Neutral

36900 36451 36101 37601 38751 Neutral

4985 4845 4671 5045 5250 Positive

422 408 393 431 448 Positive

204.60 191.00 185.00 213.00 225.00 Neutral

70.73 70.45 69.70 71.05 73.00 Positive

Oil prices finish higher as U.S. crude supplies fall more than expected. Positive bias.

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



Three-day holiday weekend for Wall Street. Labour day holiday on Sept. 3.

Intraday Strategy: Establish short positions between 1223-1227 zone, targeting 1201 zone and then aggressive targets at 1189-1193 zone with stop at 1235.

Intraday Strategy: Establish short positions between 15.07-15.13 zone, targeting 14.56 zone and then aggressive targets at 14.05-14.11 with stop at 15.39.

Intraday Strategy: Establish long positions between 68-69.50 zone, targeting 71.50 and then at 73 with stop at 68.05.

The EUR/USD was seen consolidating in yesterday's trade amidst struggling US Dollar index. Technically, the bias continues to be neutral with initial downside risk at 1.1501. Hurdles continue to be at 1.1900. Selling on strength should be the preferred trading strategy.

The U.S Dollar was seen attempting a rebound in yesterday's trade amidst value buying. We shift our bias to neutral on the US Dollar Index. Hurdles at 97.50. Downside well supported at 92.50. Major weakness now only below 92.50.

Wall Street was seen retreating in yesterday's trade as buying appetite was seen waning ahead of a three-day holiday weekend and after a series of repeated records. Key hurdle now seen at 26451. The near term bias continues to be positive.

1205 1201 1189 1227 1233 Neutral

14.79 14.56 14.05 15.27 15.95 Neutral

70.11 68.95 67.5 71.5 73.05 Positive

1.1658 1.1501 1.1215 1.1751 1.1900 Neutral

94.80 92.50 90.00 97.50 99.00 Neutral

26070 25445 23501 26451 27901 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

151.05 148.85 146.65 152.7 154.35 143.29 142.2 DOWN

1359.4 1345.37 1331.33 1378.17 1396.93 1047.23 1284.5 UP

4596 4567 4538 4633 4670 4250.67 4570 UP

3910 3869.67 3829.33 3971.67 4033.33 3914.64 4197 UP

421.95 419.98 418.02 424.53 427.12 446.63 411.5 DOWN

22990 22863.33 22736.67 23183.33 23376.67 21013.7 23610 UP

4926 4857 4788 4965 5004 4317.87 4715 DOWN

30188 30060.67 29933.33 30257.67 30327.33 30199.34 29609 UP

9018 8845.67 8673.33 9124.67 9231.33 8785.79 9478 UP

4206.5 4112 4017.5 4263 4319.5 4059.6 4435 DOWN

19295 19060 18825 19440 19585 17784.35 18400 DOWN

146.3 145.28 144.27 146.88 147.47 158.43 142.65 UP

1771.7 1710.33 1648.97 1804.03 1836.37 1472.14 1630.4 UP

202.7 200.53 198.37 204.33 205.97 188.55 207.6 UP

944.7 939.43 934.17 952.93 961.17 895.54 952.2 DOWN

3960 3939.67 3919.33 3991.67 4023.33 4013.89 4103 DOWN

37135 36985 36835 37250 37365 38830.2 37480 DOWN

2709 2709 2709 2709 2709 3619.22 2651 DOWN

3189 3167 3145 3202 3215 3461.47 3263 UP

178 176.38 174.77 179.03 180.07 205.5 173.3 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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