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Welcome Note

Friday14th September, 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 Friday's trading action at Dalal Street, dated 14th

of September 2018.

In early action, SGX Nifty is seen zooming this Friday morning, up around 81 points at

11,481, primarily on news report that the Trump administration is giving China another

chance to try to stave off new tariffs on $200 billion in Chinese exports.

As per media reports the fresh round of trade talks between the U.S. and China,

the world’s two largest economies could take place later this month. The

Chinese Commerce Ministry said it welcomed the invitation.

In Thursday's trade, China’s Shanghai Composite rebounded 1.1% higher. Hong Kong's

Hang Seng flared up 2.5%. Japan's Nikkei too ended up 0.96%.

Amidst this backdrop, it appears bulls will be back in action, and we suspect short covering

+ bargain hunting to be the primary theme for the day.

Up, Up and Away!

The big question: Will Nifty give up gains after a blockbuster open?.

Unlikely! We say so because, the market prospects likely to remain upbeat for the day on

optimism of trade related talks between the two economic superpowers. We suspect, the

benchmark Nifty is on pace for some sizeable short covering -- aggressive targets on Nifty

in near term could be at 11,575 mark.

Our call of the day says as Nifty holds above the 11,211 mark, establishing long positions

should be the preferred strategy. Stock specific action again likely to dominate trading

action. Please note, many a front line stocks have corrected sharply n the recent corrective

declines, and investors should look to allocate new short term long exposure on

fundamentally strong stocks.

Long story short: Make hay while the sun shines at Dalal Street.

Now before we get into detail, let's see what else caught our eye in the last 36

hours.

1. There is a big question mark with regards to next round of talks on a trade

agreement between U.S and Canada.

2. The Turkish lira was seen rebounding in Thursday's trade, up 2.1593% after the

Central Bank of the Republic of Turkey raised its one-week repo rate by 6.25%

points to 24% from 17.75%. Interestingly, the Turkish lira has lost 40% against the

dollar this year on backdrop of inflation spiking to nearly 18%.

3. The Bank of England left rates untouched amidst concerns for slowing growth. The

European Central Bank too left rates unchanged.

4. According to official data released post-market hours on Wednesday, the consumer

inflation eased to 3.69% in August, below the Reserve Bank of India's medium-term

target of 4%. Retail inflation cooled to a 10-month low in August.

5. Steel minister wants import duty on 'coking coal' to be scrapped: Steel minister

Chaudhary Birender Singh said on Thursday he wanted the finance ministry to scrap

the 2.5% duty on imports of coking coal, a key steelmaking raw material, to limit

input costs.

6. Industrial output expanded by 6.6% in July,

7. Apple unveils new iPhone models.

STOCKS TO WATCH:

• Our chart of the day suggests establishing long positions in PVR with

intermonth perspective while with interweek perspective aggressive bulls could

look to buy NMDC & BATA.

11370 0.73%

26819 0.04%

10693 0.11%

30828 2.53%

3190 0.91%

16054 0.38%

2673 -0.01%

5084 0.62%

3631 1.48%

10392 1.09%

257 -0.62%

7281 -0.44%

37718 0.81%

11439 0.36%

Buy on dips.

Neutral (11345-11501)

Neutral (11300-11901)

Neutral (12001)

11319 & 11211

11461 & 11575

11675



Technical Strategy


• Bullish stocks: OFSS, RELIANCE INDUSTRIES, PVR, GAIL, MINDTREE,

BATA INDIA, KPIT, INFIBEAM, BIOCON.

• Bearish stocks: HPCL, BPCL, REC, PFC, CANFINA HOMES, JUST DIAL, INDIAN

OIL CORPORATION.

• Show Me the Money: Buy BATA INDIA (CMP 646.70):The interweek risk is on the

upside with immediate targets at 1071. Momentum oscillators signaling major

strength. Interweek Strategy: Buy between 1023-1033 zone, targeting 1071 and

then at 1095-1105 zone with stop below 1111.

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

Outlook for Friday: Buy Something!

A solid higher opening on cards. The risk-reward favors' longs for the day. Amidst this

backdrop, Technically, the must watch supports on Nifty are at 11,319. Hurdles are at

10461 mark.

Optimism is the order of the day as the market undertone likely to remain bullish on

expectation of support of consistent short covering and long buildup.

All eyes will be on Wholesale Price Inflation (July) to be declared today, September 14 at

around 12 PM.

FII/DII & OPTIONS DATA:

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

Rs. 1086.39 crores in the Indian Equity Market. DIIs on the other hand bought

shares worth Rs. 541.44 crores in the Indian Equity market.

• 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 11,400 strike price as maximum put

open interest seen at 11,400 strike price.

GLOBAL CUES:

• At Wall Street, as on Thursday's close, the benchmark Dow Jones has risen for three

days in a row, while the S&P 500 index finished higher for four straight sessions. The

main benchmarks have notched year-to-date gains of 5.2% to 15%, as of

Thursday’s close.

COMMODITY CUES:

• Crude Oil prices rose on Thursday in line with our buy call. Intraday Strategy:

Establish long positions between 67.50-68.50 zone, targeting 70.50 and then at

73.05 with stop at 66.45.

• Copper prices traded with positive bias in yesterday's trade. MCX COPPER (430):

Interweek strategy: Establish long positions between 423-427 zone, targeting 437

and then finally at 443-447.50 zone with stop at 413.

• Gold prices were at $1215 levels -- well above the $1,200 mark in wake of slipping

US Dollar.

CURRIENCIES & BONDS:

• In Wednesday's trade, the Indian Rupee after registering a new all-time low of

72.91 against the U.S Dollar rebounded sharply to close at 72.18 mark. Concerns

over the trade deficit and inflation, fuelled by high oil prices, have prompted many

investors to exit long positions in the rupee.

ORACLE FINANCIAL (OFSS)

Action

Target

Support

Resistance

Holding Period

4268

BUY

5001

3900/3651

4500/5001

60 days

In Wednesday'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 1.79%.

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 3901-3925

zone, targeting 4405 zone and then at 4750

mark and final aggressive targets at 5001-5050

zone with strict stop at 3651.




• At the current level, the rupee has declined more than 13% against the greenback so far this year.

MACRO WATCH:

• The U.S job growth in August was strong and topped analysts' expectations. The US economy added 201,000 jobs, while the unemployment

rate stayed at 3.9% near 18-year low.

• The strong U.S jobs report is seen as supporting the Federal Reserve’s intention to hike rates at least once more in September, and possibly

once more in December.

• The policy-setting Federal Open Market Committee is slated to convene its two-day gathering on Sept. 26.

• Higher rates can hurt the appeal of gold and strengthen the U.S. dollar.

• On backdrop of strength in Crude-oil prices and tanking Indian Rupee, Dalal Street is fearing an interest rate hike by the RBI at its next

meeting in October.

What Technical Tells Us on Nifty: Nifty ended with major gains in Wednesday's trade, up 0.73%. Volatility was hallmark & ruled the roost.

The market breadth, indicating the overall health of the market, was weak. The BSE Mid-Cap index rose 0.52%. The BSE Small-Cap index fell

0.27%. Both these indices underperformed the Sensex.

Technically speaking, key support for the day on Nifty is at 11,211 mark. The technical landscape will worsen only if Nifty closes below the 11,211

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/positive and buying on any corrective declines should be the preferred strategy.

For the day, we believe, Nifty will trade with positive bias with upside targets at 11,461 mark. The make or break levels hurdles are at 11,575

mark.

The price action for Nifty is suggesting that we are likely to see an 11,225-11,600 range in near term with neutral bias.

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

Volatility likely to be the hallmark of today's trade. In the near term, Nifty likely to trade in a broad range of 11201-11551 zone.

Preferred trade on Nifty: Nifty (11370): Buy on any corrective declines to 11320-11345 zone, targeting 11461 zone with stop at 11211.

Preferred trade on Bank Nifty: Bank Nifty (26819): Establish short positions between 27151-27251 zone, targeting 26501 zone and then at

26001-26101 zone with strict stop at 27801.

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


The interweek risk is on the upside with immediate targets at 1071. Momentum oscillators signaling major strength. Interweek Strategy: Buy between 1023-1033 zone, targeting 1071 and then at 1095-1105 zone with stop below 1111.

HAVELLS is signaling a major rebound from an oversold zone on the daily charts. Key support seen at 625 zone. Key hurdles seen at 691. Interweek Strategy: Buy at CMP, targeting 667.50 and then at 687-691 zone. Stop below 633.

The sequence of higher high/low is intact on daily charts. Key intraday support seen at 302.50. Interweek Strategy: Buy between 300-303 zone, targeting 315.05 and then at 325-327.50 zone. Stop below 294.

NMDC is signaling a major breakout from a 3-day higher consolidation zone. Interweek Strategy: Establish long positions between 119-121 zone, targeting 125.05 zone and then aggressive targets located at 129-131 zone. Stop below 115.45.

Momentum oscillators signaling strength. PVR is signaling a breakout from a higher consolidation zone on daily charts. Intermonth Strategy: Establish long positions at CMP, targeting 1421 zone and then at 1625-1655 zone. Stop below 1337.50.

PVR: The technical landscape is aggressively bullish. Establish long positions with intermonth perspective.

BATA INDIA

HAVELLS

KPIT

NMDC

PVR

1037.55 1117.5 991 1071 1105 Positive

646.7 637 625 667.5 691 Positive

307.05 302.5 294 315.05 327.5 Positive

121.95 117.5 114 125.05 131 Positive

1391.55 1365 1337.5 1421 1655 Positive



EQUITY DERIVATIVESLooking into the future from present.

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

Nifty Spot

Bank Nifty Future

VIX

Premium

Nifty Future OI

Bank Nifty Spot OI

BSE Cash Vol. (Rs. in Cr)

NSE Cash Vol.(Rs. in Cr)

NSE Derivative Vol. (Rs. in Cr)

Index Future Volumes

Stock Future Volumes

Index Option Volumes

Stock Option Volumes

Total

Cash Volumes (INR in Cr.)

YesterdayDay Before Yesterday

Derivatives Vol.(INR in Cr.)

No of contracts

Turnover (Rs. In cr.)

Major Changes in Nifty Options (OI)

Market Summary:

The benchmark Nifty bounced back in Wednesday's trading session amidst a short

covering rally. The positivity was also fuelled by a slight recovery in Indian Rupee against

the USD which after hitting record lows at 72.92 mark.

Amongst the broader indices, the BSE Midcap Index was up 0.52%. The BSE Smallcap

Index was down 0.27%. Both the indices underperformed the Sensex.

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

2.40%), BSE Metal Index (down 1.52%), BSE Capital Goods Index (down 1.06%)

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

(down 0.35%), BSE Bankex Index (down 0.02%).

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

3.53%), SUN PHARMA (up 3.04%), ADANI PORTS (up 3.00%)

Among stocks drifting down were: AXIS BANK (down 2.18%), TATA MOTORS (down

2.08%), HINDPETRO (down 1.52%)

Maximum Call Open Interest (OI) stands at 11800 Strike Price, followed by 11600 Strike

Price for September Series. Some Short covering was seen at 11400-12000 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 writing was seen at 11000-11300 strike prices for

September series.

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

1086.39 crores in the Indian Equity Market. DIIs on the other hand bought shares worth

Rs. 541.44 crores in the Indian Equity market.

Going forward, the biggest support for Nifty remains at 11,211 mark. As long as 11,211

support is held, expect some more short covering to be the theme.

Highest OI Nifty: Calls 11800: 43.88 L - Puts 11400: 41.41

Highest OI Bank Nifty: Calls 27500: 6.86 L - Puts 27000: 9.32 L

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

Long Buildup: NMDC, JINDALSTEEL, HAVELLS, JAIN IRRIGATION, PVR.

Short Buildup: ICICI BANK, BANK OF BARODA, YES BANK, M&MFIN, IOC.

Short Covering: DLF, MFSL, EXIDE, BATA INDIA, VEDL.

Long Unwinding: UPL, AXIS BANK, INDIGO, KPIT, M&M.

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

New In Ban: ADANI ENT.

Out of Ban: NIL.

Future Call: BUY JINDAL STEEL & POWER SEPTEMBER FUTURES

at CMP 225.70. Targets at 231 and then at 237. Stop: 220. Holding

Period: Intraday. Analyst’s Remark: Rebound Play (Jindal Steel &

Power September Futures CMP 225.70).

Option Call: BUY EXIDE SEPTEMBER CE strike price 280 at CMP

2.60. Profit: Unlimited. Maximum Loss: Rs. 10,400. Stop: Exit Call

option if Exide moves below 261 (Exide September Futures CMP

271.20).

11369.90 (+0.73%)

26819.20 (+0.044%)

14.25 (-7.05%)

+43 vs +43

2.72 crores (-2.30%)

18.06 lakhs (+0.45%)

2982 3061

33346 35712

2261844 1262935

297889 28286

924890 65250

20077057 2110941

749488 57367

22049324 2261844

Calls in lakhs (% Change)

11400 25.69 (+12%)

11500 33.89 (-4%)

11600 36.42 (-10%)

Puts in lakhs (% Change)

11300 28.16 (0%)

11200 38.98 (+13%)

11000 38.9 (-2%)


www.comfortsecurities.co.in

DAILY PIVOT TABLE



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

All level indicated above are based on cash market prices.

Pivot Point

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

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

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

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


NIFTY 11369.9 11286.48 11203.07 11417.03 11464.17 11333.62 10724.65 UP

BANKNIFTY 26819.2 26617.85 26416.5 26957.85 27096.5 26756.5 26089.13 UP

NIFTYMID50 5083.65 5011.38 4939.12 5127.03 5170.42 5054.77 5160.87 DOWN

ACC 1554.4 1520.53 1486.67 1574.03 1593.67 1540.17 1552.41 UP

ADANIENT 148.9 144.38 139.87 151.78 154.67 147.27 127.24 UP

ADANIPORTS 376.05 368.08 360.12 380.73 385.42 372.77 390.32 DOWN

AJANTPHARM 1190.3 1163.18 1136.07 1207.03 1223.77 1179.92 1259.99 DOWN

ALBK 39.85 39.02 38.18 40.67 41.48 39.83 52.57 DOWN

AMARAJABAT 824.5 791.73 758.97 843.03 861.57 810.27 811.22 UP

ANDHRABANK 30.85 30.2 29.55 31.3 31.75 30.65 42.64 DOWN

APOLLOTYRE 230.6 226.43 222.27 233.88 237.17 229.72 268.88 DOWN

ARVIND 386.15 380.83 375.52 390.63 395.12 385.32 412.84 DOWN

ASHOKLEY 127.85 125.52 123.18 129.42 130.98 127.08 134.08 DOWN

ASIANPAINT 1291 1279.5 1268 1303 1315 1291.5 1232.12 UP

AUROPHARMA 773.85 762.07 750.28 789.82 805.78 778.03 625.51 UP

AXISBANK 635.45 622.03 608.62 656.93 678.42 643.52 551.36 UP

BAJAJ-AUTO 2867.95 2824.07 2780.18 2899.27 2930.58 2855.38 2956.89 DOWN

BAJAJFINSV 6412.95 6330.63 6248.32 6484.63 6556.32 6402.32 5675.45 UP

BAJFINANCE 2594 2527.75 2461.5 2648.6 2703.2 2582.35 2058.71 UP

BALKRISIND 1159.2 1130.05 1100.9 1179.9 1200.6 1150.75 1169.19 DOWN

BALRAMCHIN 78 74.62 71.23 80.12 82.23 76.73 93.12 DOWN

BANKBARODA 133.55 130.55 127.55 138.65 143.75 135.65 145.35 DOWN

BANKINDIA 91.3 89.6 87.9 92.55 93.8 90.85 119.19 DOWN

BATAINDIA 1037.55 1012.63 987.72 1052.18 1066.82 1027.27 800.63 UP

BEL 87.65 85.73 83.82 89.08 90.52 87.17 139.11 DOWN

BEML 749.65 735.3 720.95 759.7 769.75 745.35 1119.52 DOWN

BERGEPAINT 302.65 295.73 288.82 307.78 312.92 300.87 277.03 UP

BHARATFIN 1123.95 1108.13 1092.32 1144.63 1165.32 1128.82 1104.86 UP

BHARATFORG 662.3 650.95 639.6 670.2 678.1 658.85 692.89 DOWN

BHARTIARTL 376.7 371.62 366.53 381.97 387.23 376.88 415.75 DOWN

BHEL 75.1 74.03 72.97 76.93 78.77 75.87 84.26 DOWN

BIOCON 639.85 620.28 600.72 652.13 664.42 632.57 595.14 UP

BPCL 334.15 326.7 319.25 339.15 344.15 331.7 427.69 DOWN

BRITANNIA 6015.5 5930.57 5845.63 6080.22 6144.93 5995.28 5460 UP

CANBK 264.9 259.2 253.5 268.7 272.5 263 291.44 DOWN

CANFINHOME 303.15 297.38 291.62 309.48 315.82 303.72 417.49 DOWN

CAPF 589.45 579.73 570.02 595.43 601.42 585.72 630.48 DOWN

CASTROLIND 155.25 151.67 148.08 157.52 159.78 153.93 182.98 DOWN

CEATLTD 1362.2 1336.85 1311.5 1380.25 1398.3 1354.9 1544.72 DOWN

CENTURYTEX 913.35 898.5 883.65 923.6 933.85 908.75 1124.3 DOWN

CESC 973.4 960.8 948.2 987.3 1001.2 974.7 998.6 DOWN

CGPOWER 54.6 53.53 52.47 55.33 56.07 54.27 74.84 DOWN

CHENNPETRO 283.9 274.8 265.7 289.1 294.3 280 343.71 DOWN

CIPLA 656.45 645.8 635.15 664.55 672.65 653.9 598.44 UP

COALINDIA 281.55 278 274.45 286.35 291.15 282.8 281.08 UP

COLPAL 1107.45 1083 1058.55 1124.9 1142.35 1100.45 1121.58 DOWN

CONCOR 630.95 622.25 613.55 644.15 657.35 635.45 658.52 DOWN

CUMMINSIND 776.9 754.77 732.63 790.27 803.63 768.13 769.31 UP

DABUR 454.2 442.07 429.93 463.67 473.13 451.53 371.42 UP

DALMIABHA 2570.05 2500.12 2430.18 2619.32 2668.58 2549.38 2782.96 DOWN

DCBBANK 165.25 163 160.75 168 170.75 165.75 177.65 DOWN

DHFL 610.15 605.47 600.78 616.42 622.68 611.73 595.22 UP

DISHTV 66.6 65.68 64.77 67.58 68.57 66.67 73.63 DOWN

DIVISLAB 1271.55 1239.52 1207.48 1297.17 1322.78 1265.13 1106.59 UP

DLF 202.45 196 189.55 206.25 210.05 199.8 216.08 DOWN

DRREDDY 2529.15 2486.35 2443.55 2573.2 2617.25 2530.4 2226.06 UP

EICHERMOT 28812.2 28172.48 27532.77 29324.43 29836.67 28684.72 28844.79 DOWN

ENGINERSIN 124.9 121.35 117.8 126.9 128.9 123.35 154.37 DOWN

EQUITAS 144.7 141.33 137.97 148.53 152.37 145.17 148.09 DOWN

ESCORTS 771.7 760.33 748.97 779.93 788.17 768.57 855.87 DOWN

EXIDEIND 269.7 264.6 259.5 272.65 275.6 267.55 241.63 UP

FEDERALBNK 76.25 74.82 73.38 77.17 78.08 75.73 93.22 DOWN

FORTIS 143.9 142.57 141.23 145.07 146.23 143.73 145.47 DOWN

GAIL 370.1 366.37 362.63 375.27 380.43 371.53 350.64 UP

GLENMARK 673.4 658.62 643.83 682.57 691.73 667.78 572.84 UP

GMRINFRA 18 17.53 17.07 18.33 18.67 17.87 18.66 DOWN

GODREJCP 865.35 841.38 817.42 880.13 894.92 856.17 787.22 UP

GODREJIND 590.9 577.8 564.7 599.5 608.1 586.4 589.87 UP

GRANULES 107.65 104.37 101.08 112.57 117.48 109.28 109.08 DOWN

GRASIM 1019.6 1000.27 980.93 1034.87 1050.13 1015.53 1081.85 DOWN

GSFC 110.35 108.38 106.42 112.28 114.22 110.32 126.04 DOWN

HAVELLS 646.7 632.58 618.47 655.38 664.07 641.27 559.42 UP

HCC 14.4 14 13.6 14.8 15.2 14.4 24.38 DOWN

HCLTECH 1086.8 1079.6 1072.4 1096.5 1106.2 1089.3 950.02 UP

HDFC 1877.8 1860.65 1843.5 1890.85 1903.9 1873.7 1849.1 UP

HDFCBANK 2011.85 1993.82 1975.78 2025.62 2039.38 2007.58 1977.42 UP

HDIL 29.45 28.57 27.68 30.47 31.48 29.58 39.1 DOWN

HEROMOTOCO 3163.75 3113.53 3063.32 3208.18 3252.62 3157.97 3545.36 DOWN

HEXAWARE 461 454.53 448.07 466.13 471.27 459.67 405.7 UP

HINDALCO 237.9 230.77 223.63 241.87 245.83 234.73 236.3 UP

HINDPETRO 240.4 234.9 229.4 244.45 248.5 238.95 337.59 DOWN

HINDUNILVR 1626.85 1597.27 1567.68 1646.67 1666.48 1617.08 1488.28 UP

HINDZINC 286.25 280.23 274.22 290.73 295.22 284.72 299.31 DOWN

IBREALEST 137.1 134.28 131.47 140.68 144.27 137.87 188.99 DOWN

IBULHSGFIN 1145.1 1124.1 1103.1 1164 1182.9 1143 1239.35 DOWN

ICICIBANK 322.9 318.58 314.27 327.13 331.37 322.82 304.37 UP

ICICIPRULI 362.75 357.48 352.22 371.08 379.42 365.82 397.64 DOWN

IDBI 57.7 56.58 55.47 58.43 59.17 57.32 63.39 DOWN

IDEA 46.2 44.9 43.6 47.45 48.7 46.15 72.75 DOWN

IDFC 49.65 48.78 47.92 50.28 50.92 49.42 52.85 DOWN

IDFCBANK 43.65 42.82 41.98 44.27 44.88 43.43 47.95 DOWN

IFCI 15.45 15.17 14.88 15.62 15.78 15.33 20.74 DOWN

IGL 269.7 264.13 258.57 273.13 276.57 267.57 291.23 DOWN

INDIACEM 117.2 112.95 108.7 119.8 122.4 115.55 142.58 DOWN

INDIANB 321.45 315.93 310.42 325.13 328.82 319.62 340.67 DOWN

INDIGO 882.8 868.6 854.4 894.4 906 880.2 1188.1 DOWN

INDUSINDBK 1828.35 1809.75 1791.15 1842 1855.65 1823.4 1819.42 UP

INFIBEAM 229.6 224.77 219.93 232.87 236.13 228.03 166.75 UP

INFRATEL 270.8 265.3 259.8 274.3 277.8 268.8 324.76 DOWN

INFY 742.9 737.27 731.63 747.52 752.13 741.88 600.29 UP

IOC 149.1 146.53 143.97 150.68 152.27 148.12 176.28 DOWN

IRB 173.7 169.63 165.57 176.33 178.97 172.27 224.2 DOWN

ITC 306.8 298.93 291.07 311.13 315.47 303.27 274.78 UP

JETAIRWAYS 264.9 257.93 250.97 272.43 279.97 265.47 547.65 DOWN

JINDALSTEL 224.4 214.67 204.93 230.02 235.63 220.28 226.3 DOWN

JISLJALEQS 86.75 82.17 77.58 89.27 91.78 84.68 105.96 DOWN

JPASSOCIAT 9.7 9.28 8.87 10.13 10.57 9.72 17.32 DOWN

JSWENERGY 66.4 65 63.6 67.5 68.6 66.1 76.79 DOWN

JSWSTEEL 399.75 391.57 383.38 404.42 409.08 396.23 310.37 UP

JUBLFOOD 1345.1 1315.67 1286.23 1367.27 1389.43 1337.83 1193.32 UP

JUSTDIAL 533.8 514.33 494.87 545.03 556.27 525.57 512.6 UP

KOTAKBANK 1230.4 1209.02 1187.63 1242.77 1255.13 1221.38 1175.72 UP

KPIT 307.05 303.67 300.28 309.52 311.98 306.13 241.6 UP

KSCL 620.2 610.42 600.63 626.57 632.93 616.78 538.45 UP

KTKBANK 114.75 112.6 110.45 116.1 117.45 113.95 128.2 DOWN

L&TFH 155.85 152.5 149.15 158.45 161.05 155.1 168.27 DOWN

LICHSGFIN 477 466.73 456.47 483.53 490.07 473.27 527.34 DOWN

LT 1352.25 1329.85 1307.45 1365.3 1378.35 1342.9 1314.18 UP

LUPIN 959.35 933.18 907.02 974.33 989.32 948.17 837.32 UP

M&M 938.15 916.7 895.25 955.3 972.45 933.85 826.55 UP

M&MFIN 425.75 416.83 407.92 436.83 447.92 427.92 471.52 DOWN

MANAPPURAM 86.7 83.92 81.13 89.12 91.53 86.33 108.89 DOWN

MARICO 344.35 337.6 330.85 351 357.65 344.25 327.51 UP

MARUTI 8493.95 8416.97 8339.98 8554.97 8615.98 8477.98 9042.43 DOWN

MCDOWELL-N 571.7 558.73 545.77 591.58 611.47 578.62 656.38 DOWN

MCX 789.4 773.28 757.17 800.23 811.07 784.12 814.81 DOWN

MGL 842.6 835.02 827.43 848.47 854.33 840.88 947.18 DOWN

MOTHERSUMI 290.6 284.17 277.73 295.72 300.83 289.28 330.77 DOWN

MRPL 72.85 71.58 70.32 74.53 76.22 73.27 104.62 DOWN

MUTHOOTFIN 451.1 439.13 427.17 461.08 471.07 449.12 416.6 UP

NATIONALUM 69.7 68.4 67.1 70.65 71.6 69.35 72.25 DOWN

NBCC 66.85 65.47 64.08 67.97 69.08 66.58 96.7 DOWN

NCC 87.55 85.58 83.62 89.28 91.02 87.32 114.46 DOWN

NMDC 121.95 118.47 114.98 124.22 126.48 120.73 121.58 UP

NTPC 170 167.37 164.73 172.12 174.23 169.48 166.89 UP

OFSS 4267.55 4204.53 4141.52 4311.03 4354.52 4248.02 3992.96 UP

OIL 202.7 199.82 196.93 205.27 207.83 202.38 225.79 DOWN

ONGC 168.5 166.2 163.9 170.8 173.1 168.5 178.54 DOWN

ORIENTBANK 74.95 73.35 71.75 76.2 77.45 74.6 95.03 DOWN

PCJEWELLER 81.8 79.38 76.97 84.83 87.87 82.42 269.15 DOWN

PEL 2926.5 2844.12 2761.73 3000.12 3073.73 2917.73 2645.92 UP

PETRONET 237.8 234 230.2 241.65 245.5 237.85 232.85 UP

PFC 82.35 80.18 78.02 83.88 85.42 81.72 94.32 DOWN

PIDILITIND 1100.95 1083.18 1065.42 1127.83 1154.72 1110.07 1002.3 UP

PNB 81.15 79.45 77.75 82.6 84.05 80.9 112.51 DOWN

POWERGRID 193.8 188.85 183.9 197 200.2 192.05 196.79 DOWN

PTC 81.15 79.05 76.95 82.65 84.15 80.55 93.6 DOWN

PVR 1391.55 1352.77 1313.98 1419.17 1446.78 1380.38 1338.99 UP

RAMCOCEM 641.8 631.75 621.7 648.9 656 638.85 740.49 DOWN

RAYMOND 783.4 771.27 759.13 791.27 799.13 779.13 958.85 DOWN

RBLBANK 598.45 589.5 580.55 607.7 616.95 598.75 526.97 UP

RCOM 16.05 15.5 14.95 16.45 16.85 15.9 19.74 DOWN

RECLTD 108.7 106.45 104.2 110.8 112.9 108.55 128.58 DOWN

RELCAPITAL 416.05 404.23 392.42 433.93 451.82 422.12 442.34 DOWN

RELIANCE 1252.5 1234.67 1216.83 1264.52 1276.53 1246.68 995.37 UP

RELINFRA 440.15 431.35 422.55 451.1 462.05 442.3 445.48 DOWN

REPCOHOME 514.85 496.4 477.95 539.15 563.45 520.7 597.98 DOWN

RPOWER 34.5 33.6 32.7 35.45 36.4 34.55 38.64 DOWN

SAIL 74.95 73.23 71.52 76.08 77.22 74.37 80.41 DOWN

SBIN 285.3 281.3 277.3 288 290.7 284 279.6 UP

SHREECEM 16879 16497.52 16116.03 17216.37 17553.73 16834.88 17071.87 DOWN

SIEMENS 944.9 935.77 926.63 958.32 971.73 949.18 1102.2 DOWN

SOUTHBANK 16.1 15.78 15.47 16.38 16.67 16.07 25.18 DOWN

SREINFRA 48.2 45.98 43.77 50.63 53.07 48.42 77.83 DOWN

SRF 1988.3 1923.37 1858.43 2032.72 2077.13 1967.78 1909.36 UP

SRTRANSFIN 1177.35 1160.67 1143.98 1197.27 1217.18 1180.58 1402.22 DOWN

STAR 497.25 483.83 470.42 506.33 515.42 492.92 591.74 DOWN

SUNPHARMA 649.9 628.53 607.17 662.83 675.77 641.47 548.01 UP

SUNTV 680.35 662.48 644.62 691.28 702.22 673.42 885.45 DOWN

SUZLON 7 6.82 6.63 7.17 7.33 6.98 10.78 DOWN

SYNDIBANK 36.6 35.97 35.33 37.12 37.63 36.48 57.48 DOWN

TATACHEM 748.25 731.58 714.92 758.08 767.92 741.42 718.53 UP

TATACOMM 524.45 514.32 504.18 530.37 536.28 520.23 619.36 DOWN

TATAELXSI 1334.15 1298.3 1262.45 1357.5 1380.85 1321.65 1161.02 UP

TATAGLOBAL 222.65 215.63 208.62 226.68 230.72 219.67 270.66 DOWN

TATAMOTORS 262.4 258.1 253.8 267.45 272.5 263.15 334.56 DOWN

TATAMTRDVR 142.4 140.2 138 143.8 145.2 141.6 190.02 DOWN

TATAPOWER 74 72.95 71.9 75 76 73.95 82.12 DOWN

TATASTEEL 605.55 590.03 574.52 614.13 622.72 598.62 616.24 DOWN

TCS 2043.95 2033 2022.05 2061.9 2079.85 2050.95 1660.24 UP

TECHM 739.8 728.3 716.8 751.6 763.4 740.1 630.2 UP

TITAN 826.45 798.28 770.12 846.48 866.52 818.32 882.35 DOWN

TV18BRDCST 40.75 40.03 39.32 41.43 42.12 40.72 56.43 DOWN

TVSMOTOR 578.55 571.27 563.98 583.37 588.18 576.08 634.96 DOWN

UBL 1315.45 1285.73 1256.02 1333.43 1351.42 1303.72 1134.72 UP

UJJIVAN 325.95 317.8 309.65 331.55 337.15 323.4 378.27 DOWN

ULTRACEMCO 4096.35 4055.47 4014.58 4137.77 4179.18 4096.88 4086.23 UP

UNIONBANK 81.2 79.57 77.93 82.37 83.53 80.73 105.82 DOWN

UPL 703.65 687.17 670.68 713.07 722.48 696.58 703.96 DOWN

VEDL 223.6 219.8 216 226.6 229.6 222.8 276.3 DOWN

VOLTAS 586 571 556 595.3 604.6 580.3 596.82 DOWN

WIPRO 328.75 325.7 322.65 331.15 333.55 328.1 286.83 UP

WOCKPHARMA 627.75 614.17 600.58 636.52 645.28 622.93 731.9 DOWN

YESBANK 314.3 309.95 305.6 319.3 324.3 314.95 336.5 DOWN

ZEEL 463.85 455.13 446.42 472.53 481.22 463.82 559.64 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 29901-30101 zone, targeting 30501 and then at 30751-30699 zone. Stop 29701.

Interweek Strategy: Establish long positions at CMP, targeting 37901 and then at 38601-38751 zone. Stop 35899.

Intraday strategy: Establish long positions between 4933-4965 zone, targeting 5245 and then at 5375-5405 zone with stop at 4901.

Interweek strategy: Establish long positions between 423-427 zone, targeting 437 and then finally at 443-447.50 zone with stop at 413.

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

Massive profit booking was witnessed in USD/INR in Friday's trade. Overbought conditions seen prevailing. Interweek strategy: Establish long position only on any excessive declines between 71.45-71.65 zone, targeting 73.05 and then aggressive targets at 73.50-75 zone with stop at 70.21.

30648 29991 29405 30699 30901 Neutral

37288 36601 35899 37901 38751 Neutral

5075 4933 4671 5250 5405 Positive

430 418 408 431 448 Positive

203.80 191.00 185.00 213.00 225.00 Neutral

72.18 71.45 70.25 73.05 75.00 Positive

MCX Oil: Establish long positions on any corrective declines. Aggressive targets at 5405.

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



Investors continue to track the trade-related tensions between the U.S. and China, the world’s two largest economies.

Intraday Strategy: Establish short positions between 1217-1223 zone, targeting 1198 zone and then aggressive targets at 1175-1179 zone with stop at 1235.

Intraday Strategy: Establish short positions between 14.75-14.89 zone, targeting 14.05 zone and then aggressive targets at 13.45-13.55 zone with stop at 15.39.

Intraday Strategy: Establish long positions between 67.50-68.50 zone, targeting 70.50 and then at 73.05 with stop at 66.45.

The EUR/USD was seen inching up in Thursday's trade amidst rebound play. 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 drifting in yesterday's trade amidst profit booking. 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 edging up on reports of trade talks with China. Key hurdle now seen at 26451. The near term bias continues to be positive.

1210 1189 1175 1223 1233 Neutral

14.24 14.05 13.45 15.27 15.95 Neutral

69.4 67.05 65.05 70 73.05 Positive

1.1629 1.1501 1.1215 1.1751 1.1900 Neutral

94.88 92.50 90.00 97.50 99.00 Neutral

26051 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

147.45 146.2 144.95 149.65 151.85 143.87 152.35 DOWN

1395.6 1383.97 1372.33 1403.37 1411.13 1066.18 1341.3 DOWN

4603 4583 4563 4634 4665 4265.1 4572 UP

3873 3807.33 3741.67 3912.33 3951.67 3867.97 3980 UP

430 420.68 415.82 430.73 435.92 445.63 411.5 DOWN

23000 22920 22810 23190 23350 21214.55 23190 UP

5075 4938.67 4833.33 5101.67 5159.33 4373.42 4817 DOWN

30648 30588.67 30460.33 30791.67 30866.33 30242.96 30129 UP

9250 9187.67 9125.33 9347.67 9445.33 8845.99 9126 UP

4279 4250.33 4221.67 4322.33 4365.67 4093.2 4435 UP

19225 18980 18735 19400 19575 17778.2 18850 DOWN

146 141.2 139.6 145.2 147.6 157.9 142.65 UP

1775 1775.6 1763.4 1800.5 1813.2 1476.95 1697.55 UP

203.8 203.47 201.63 206.67 208.03 188.91 207 UP

887.4 880.8 874.2 898.5 909.6 902.23 929.3 DOWN

4134 4118 4102 4156 4178 4017.76 4048 DOWN

37401 37100.66 36800.33 37605.66 37810.33 38729.11 36435 UP

3050 3050 3050 3050 3050 3614.83 3015 UP

3262 3228.33 3194.67 3282.33 3302.67 3480.69 3157 UP

169 167 165 172.45 175.9 203.97 183.05 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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