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Welcome Note

Tuesday16th 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 Tuesday's trading action at Dalal Street, dated

16th of October 2018.

Early action at SGX Nifty is indicating that Dalal Street is set for a uninspiring session, most

probably little bit up in morning action, and then a bit down and there for the afternoon —

and then finally up again.

Our call of the day suggests, it will be interesting to see if Nifty is able to clear its next big

hurdles at 10,551 mark. Please note the street is battling a flurry of threats like:

1. Unabated foreign fund outflows.

2. Boiling Oil prices.

3. The weakening India Rupee.

4. U.S China trade war.

5. Rising U.S 10- year treasury notes.

6. A slowdown in China.

7. European political woes.

8. Geopolitical tensions. (Saudi Arabia- U.S.)

Outlook for Tuesday: Positive session likely!

In today's trade commanding attention would be INFY's Q2. The street will spy with one

big eye if on backdrop of steep rupee depreciation, INFY is able to revise its revenue

growth guidance for FY19, outlook on BFSI space, performance of digital vertical and

upward estimate in margins.

Infosys’ numbers will also be important from the market point of view, given that the Nifty

IT index has outperformed Nifty50 severely in last five successive quarters.

Meanwhile, the other prominent firms announcing Q2 this week are

• Tuesday: CRISIL, FEDERALBNK, HEROMOTOCO, INFY

• Wednesday: ACC, CYIENT, DCBBANK, HAVELLS, MINDTREE, MPHASIS, NIITTECH,

RELIANCE.

• Thursday: MPHASIS, MUTHTFN

• Friday: ULTRACEMCO

• Saturday: HDFCBANK, NELCO

STOCKS TO WATCH:

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

Foods, Aurobindo Pharma, and SUN Pharma with interweek perspective.

• Bullish stocks: GAIL, SUN PHARMA, AUROBINDO PHARMA, BIOCON, VOLTAS,

ESCORTS, JUBILANT FOODS, YES BANK, BAJAJ FINANCE.

• Bearish stocks: HCC, TATA MOTORS, RCOM.

Show Me the Money: Buy AUROBINDO PHARMA (753): Aurobindo Pharma is

aiming to move above its 15-day higher consolidation zone. Interweek Strategy:

Buy at CMP, targeting 767.50 and then more aggressive targets located at 795-

801 zone. Stop below 739.

• Stocks banned in F&O segment for today: IDBI, ADANI POWER

GLOBAL CUES:

• Wall Street ended slightly lower on Monday, amidst caution following last week’s

10513 0.38%

25388 -0.03%

9035 -0.55%

28331 0.63%

2888 -0.24%

14797 1.77%

2600 1.30%

4592 0.68%

3424 -0.42%

9774 2.61%

210 0.14%

6111 1.44%

34865 0.38%

10513 -0.06%

Buy on dips.

Positive (10451-10575)

Neutral (9950-10901)

Neutral (11901)

10451 & 10401

10551 & 10775

9750



Technical Strategy


performance when stocks had their worst five days in seven months. The Dow

Jones index ended lower sparked in part by rising U.S. interest rates and as Apple

was down sharply on China worries.. Dow faces major hurdles at 27200.

FII/DII & OPTIONS DATA:

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

Rs. 67.86 crores in the Indian Equity Market. DIIs too bought shares worth Rs.

294.78 crores in the Indian Equity market.

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

11,000 strike price as maximum call open interest of 48.49 lakh contracts were seen

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

Maximum Put open interest of 34.87 lakh contracts was seen at the 10,000 strike

price.

COMMODITY CUES:

• Crude oil prices gained marginally on Monday as tensions between the U.S. and

Saudi Arabia linked to a missing dissident journalist appeared to ease.

President Donald Trump was threatening “severe punishment” if an investigation

finds the kingdom in any way involved in the disappearance of dissident Saudi

journalist Jamal Khashoggi, who was last seen entering the Saudi consulate in

Istanbul on Oct. 2.

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

strategy: Establish long positions only on dips between 447-449 zone, targeting 465

mark and then at 479 with stop at 429.

• Gold price ended slightly lower in Monday's trade. Key medium term suppport seen

at 31201 mark. Interweek strategy: Establish long positions between 31751-31901

zone, targeting 32451 mark and then aggressive targets at 32851-32901 with stop

at 31201.

MACRO WATCH:

• The government released the trade deficit data for September after market hour on

Monday. Exports entered negative zone after five months, declining 2.15% in

September on a yearly basis, the data showed. Imports, however, went up by

10.45% in September.

• The WPI based on wholesale price index stood at 5.13% in September as compared

to 4.53% in August.

• The IMF forecasts India's economy could grow 7.3% in the fiscal year ending in

March 2019, versus 6.7% in the last.

• Consumer inflation which stood at 3.77% in September, as against 3.69% in the

previous month. The retail inflation figure were lower than economists' estimates.

• Factory activity growth - determined by the Index of Industrial Production (IIP) -

stood at 4.3% in August, slowing down from 6.6% in the previous month.

• The landscape is bit scary especially on the escalating trade tension between U.S-

China. This catalyst could be the real villain rattling worldwide stock markets. The

heightened tensions between U.S. -China could not only hamper U.S. economic

growth but derail the global economy at large. At the time of writing, a tit-for-tat

tariff battle between Beijing and Washington remains intact.

• The upcoming assembly elections in five states: Madhya Pradesh,

Rajasthan, Chhattisgarh, Mizoram and Telangana. While Chhattisgarh will go to the

Sun Pharmaceuticals was established in 1983 and is

now the largest pharmaceutical company in India

and fifth largest generic company in US. Currently

the company has presence in more than 100

countries across branded and generic market. It has

portfolio of 2000 products across the world with

32,000 plus global employee base. The company has

capacity across dosage forms injectables, sprays,

ointments, creams, liquids, tablets and capsules.

The company has long history of many acquisitions

and prominent among them is Ranbaxy in 2015. The

firm has impressive track record of organic and as

well inorganic growth.

Technically, brace yourselves for a major rebound

play from a complex ‘lower consolidation pattern’ on

the weekly charts. An impulse uptrend is seen

forming on the monthly time scale with recent

sequence of higher high/ higher low pattern on

weekly charts, with positive SAR series, major

confirmation above its intermediate-high at 681

mark. The positive takeaway from recent price

action is that the stock price was seen

outperforming, despite broader markets remaining

volatile. Add to that a bullish divergence and a rising

stochastic signal (on weekly charts) with recent

increase in volumes signaling a larger rebound. The

200 days Exponential Moving Average (EMA) of the

stock on the daily chart is currently at 571. The level

of Rs 571 will act as a strong support and this could

be used to buy aggressively in case of any corrective

declines from current levels.

A potential entrance exists at CMP, as the stock is

likely to run towards 645-651 mark. Aggressive 5

months targets placed at 750 mark. Place stops

below 579.

SUN PHARMA

Action

Target

Support

Resistance

Holding Period

600

BUY

645

581/575

645/681

21 Days.




polls in two phases on November 12 and 20, the Madhya Pradesh and Mizoram Assembly elections will be held on November 28. Polling in

Rajasthan and Telangana will be held on December 7. Counting of votes will be held across all the five states on December 11.

CURRENCIES & BONDS:

• As on Monday's close, the Indian Rupee snapped its three-session gaining streak to end 26 paise lower at 73.83 against the US dollar. Rising

crude prices amidst intensifying geopolitical tensions was seen as the key catalyst.

What Technical Tells Us on Nifty:

The benchmark Nifty staged a modest recovery in Monday's trade, up 0.51%. The positive takeaway was that the benchmark Nifty did pick up the

bullish baton from Friday's spectacular close, and most importantly ended above the psychological 10,500 mark. Also, the gains at our stock

markets were despite an extreme bleak Asian markets.

Technically speaking, key support for the day on Nifty is at 10,471 mark. The technical landscape will worsen further if Nifty closes below the

10,401 mark as that would open the door to massive technical selling, possibly quickly towards the 10,001-10,101 zone.

The intraday bias is neutral/positive and buying on any corrective decline should be the preferred strategy.

The make or break hurdles are at 10,551 mark.

The best way to trade this market is to establish long positions only on any intraday corrective declines to 10451-10475 zone with strict below

10391 mark. But please note, this market has much work to do to be on the ultra-bullish side again, so the best strategy is buy aggressively

above 10,551 mark.

The price action for Nifty is suggesting that we are likely to see an 10,301-10,811 range in near term with Positive bias.

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

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

Preferred trade on Nifty: Nifty (10513): Buy between 10451-10475 zone, targeting 10551 zone and then aggressive targets at 10701-10751

zone with stop at 10391.

Preferred trade on Bank Nifty: Nifty (25388): Buy between 25001-25101 zone, targeting 26001 zone and then aggressive targets at 25445-

26501 zone with stop at 24411.

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


Aurobindo Pharma is aiming to move above its 15-day higher consolidation zone. Interweek Strategy: Buy at CMP, targeting 767.50 and then more aggressive targets located at 795-801 zone. Stop below 739.

Granules is signaling a major rebound from an oversold zone on the daily charts. Key support seen at 89 zone. Key hurdles seen at 101.25. Interweek Strategy: Buy between 95-97 zone, targeting 101.50 and then at 105-109 zone. Stop below 92.50.

The interweek risk is on the upside with immediate targets at 1221. Momentum oscillators signaling major strength. Interweek Strategy: Buy at CMP, targeting 1221 and then at 1265-1271 zone with stop below 1145.

Momentum oscillators continue to signal strength. RIL is aiming to move towards the psychological 1200 mark. Interweek Strategy: Buy between 1109-1121 zone, targeting 1171 and then more aggressive targets located at 1201-1211 zone. Stop below 1101.

VOLTAS is seen consolidating at extremely oversold zone on daily charts. Key intraday support seen at 491. Interweek Strategy: Buy between 491-495 zone, targeting 525 and then at 551-557.50 zone. Stop below 483.

Aurobindo Pharma: The technicals are aggressively bullish. Aggressive interweek targets at 801.

AUROBINDO PHARMA

GRANNULES

JUBILANT FOODS

RELIANCE INDUSTRIES (RIL)

VOLTAS

752.75 741 713 767.5 801 Positive

98.55 95 89 101.5 109 Positive

1176 1151 1117 1221 1271 Positive

1139.75 1105 1071 1151 1211 Positive

500.15 491 474 525 557.5 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:

Despite a volatile session, the benchmark Nifty zoomed in final hours of trade, up 0.38%

at 10512.50. The sectorwise scenario was a mixed bag where Pharma, IT were

predominantly in green whereas Auto, Metals, Private Banks, Infrastructure were in mild

red.

Amongst Broader Indices, the BSE Midcap Index was up 0.62%. The BSE Smallcap Index

was up 1.37%. Both the Indices were seen outperforming the Sensex.

Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE Healthcare

Index (up 2.22%), BSE IT Index (up 2.17%), BSE Teck Index (up 1.96%).

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

Durables Index (down 1.21%), BSE Auto Index (down 0.46%), BSE Metal Index (down

0.36%).

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

4.76%), CIPLA (up 3.97%), INFY (up 3.64%)

Among stocks drifting down were: HINDPETRO (down 2.84%), BAJFINSERV (down

2.64%), HUL (down 2.49%)

Maximum Call Open Interest (OI) stands at 11000 Strike Price, followed by 107 0 0

Strike Price for October Series. Short covering in calls was seen at 10500-10750 strike

prices for October Series.

Maximum Put Open Interest (OI) was seen at strike price 10000 followed by 10400 strike

price for October series. Short built up in Puts was seen between 10200-10500 strike

price for October Series.

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

67.86 crores in the Indian Equity Market. DIIs too bought shares worth Rs. 294.78 crores

in the Indian Equity market.

Highest OI Nifty: Calls 11000: 48.49 L - Puts 10000: 34.87

Highest OI Bank Nifty: Calls 26500: 5.41 L - Puts 24500: 7.48 L

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

Long Buildup: GRANULES, LUPIN, NMDC, HCL TECH, UPL.

Short Buildup: M&M, HUL, L&T, PIDILITE.

Short Covering: ITC, BPCL, HINDALCO, MOTHERSON, HEXAWARE.

Long Unwinding: ESCORTS, PVR, VOLTAS.

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

New In Ban: NIL.

Out of Ban: NIL.

Future Call: BUY UPL OCTOBER FUTURES at CMP 637. Targets at

651 and then at 660. Stop: 627. Holding Period: Intraday. Analyst’s

Remark: Momentum Play (UPL OCTOBER Futures CMP 637).

Option Call: BUY NIFTY OCTOBER CE strike price 10600 at CMP 88.

Profit: Unlimited. Maximum Loss: Rs. 6,600. Stop: Exit Call Option if

Nifty moves below 10345. (Nifty October Futures CMP 10520.20).

10512.50 (+0.38%)

25388.05 (-0.031%)

18.885 (+1.38%)

+07 vs +10

1.98 crores (+2.77%)

14.54 lakhs (+1.16%)

2303.92 3015.85

27469.03 34134.39

692766 634995

290743 25068

773668 49165

6208555 574354

624271 44180

7897237 692766

Calls in lakhs (% Change)

10500 24.88 (-3%)

10700 32.81 (+20%)

10600 23.71 (-2%)

Puts in lakhs (% Change)

10400 24.37 (+11%)

10300 22.6 (+5%)

10200 25.77 (+5%)


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 10512.5 10365.62 10535.92 10858.43 10779.59 10442.26 10887.65 DOWN

BANKNIFTY 25388.05 25086.13 25594.88 25461.53 26089.18 25217.34 26197.67 DOWN

NIFTYMID50 4592.3 4499.75 4603.2 4734.91 5108.74 4554.34 4780.6 DOWN

ACC 1523.15 1463.75 1526.2 1531.38 1535.14 1492.64 1608.14 DOWN

ADANIENT 152.45 140.83 146.13 140.5 129.53 148.22 163.06 DOWN

ADANIPORTS 321.25 317.48 328.33 339.25 384.37 322.47 350.82 DOWN

AJANTPHARM 1030 1007.67 1042.87 1086.92 1228.22 1027.56 1144.54 DOWN

ALBK 37.7 35.6 36.95 37.15 48.78 36.86 39.17 DOWN

AMARAJABAT 763.2 726.93 742.88 757.43 807.94 753.69 812.96 DOWN

ANDHRABANK 26.4 25.78 26.58 28.48 39.31 26.22 29.16 DOWN

APOLLOTYRE 216.6 211.03 221.03 220.31 265.85 214.09 235.77 DOWN

ARVIND 332.1 324.62 335.37 342.48 403.25 326.98 355.25 DOWN

ASHOKLEY 117.05 112.73 118.68 119.42 134.27 115.64 126.78 DOWN

ASIANPAINT 1250.3 1241.42 1273.47 1267.52 1245.3 1255.42 1337.45 DOWN

AUROPHARMA 752.75 723.45 756.1 761.16 633.28 743.18 700.26 UP

AXISBANK 576.55 576.35 597.85 596.11 556.39 579.22 636.27 DOWN

BAJAJ-AUTO 2620.45 2552.45 2671.3 2709.86 2904.11 2628.61 2828.87 DOWN

BAJAJFINSV 5634.25 5692.37 5922.47 5985.32 5756.31 5719.84 6172.89 DOWN

BAJFINANCE 2306.2 2236.4 2329.15 2298.73 2114.68 2270.45 2484.86 DOWN

BALKRISIND 1059.95 1026.73 1075.28 1069.46 1161.03 1050.11 1173.21 DOWN

BALRAMCHIN 101.35 92.47 97.82 83.01 86.15 100.79 77.64 UP

BANKBARODA 97.35 94.95 97.9 107.55 139.1 96.04 112.04 DOWN

BANKINDIA 77.45 76.25 78.3 82.38 108.89 78.04 89.53 DOWN

BATAINDIA 929.5 906.12 939.92 948.25 821.67 933.74 983.92 DOWN

BEL 87.25 84.43 87.03 82.47 128.99 85.43 87.38 DOWN

BEML 623.25 586.4 605.35 646.82 1024.88 609.56 678.21 DOWN

BERGEPAINT 281.95 280.1 286.85 289.06 280.46 283.52 307.15 DOWN

BHARATFIN 1007.75 999.7 1034.25 1050.4 1110.11 979.83 1095.01 DOWN

BHARATFORG 580.95 560.47 585.37 607.95 683.33 572.23 630.66 DOWN

BHARTIARTL 291.1 285.6 293.55 334.75 398.07 286.9 329.5 DOWN

BHEL 75.85 73.95 76.4 72.82 82.41 74.68 79.38 DOWN

BIOCON 626.3 597.1 617.85 651.03 610.92 620.18 688.57 DOWN

BPCL 296.35 280.77 296.37 332.83 409.87 289.81 347.94 DOWN

BRITANNIA 5671.6 5656.2 5823.9 5760.29 5556.21 5733.54 6149.59 DOWN

CANBK 229.85 228.18 233.78 235.65 277.92 231.83 252.25 DOWN

CANFINHOME 245.95 237.1 256.1 263.08 396.16 248.75 301.5 DOWN

CAPF 488.8 477.42 501.37 518.53 613.08 482.78 529.71 DOWN

CASTROLIND 143.9 141.85 146.55 146.74 177.43 143.27 151.58 DOWN

CEATLTD 1110 1077.08 1115.53 1188.73 1484.93 1101.19 1224.74 DOWN

CENTURYTEX 816.6 764.3 841.8 836.42 1074.3 805.59 868.11 DOWN

CESC 904.55 864.97 928.87 897.54 987.21 913.87 960.38 DOWN

CGPOWER 40.9 39.95 41.05 46.67 70.86 40.09 47.75 DOWN

CHENNPETRO 256.9 251.72 263.77 271.04 328.84 259.43 290.94 DOWN

CHOLAFIN 1193.8 1134.43 1224.48 1207.31 1445.5 1181.06 1312 DOWN

CIPLA 647.85 614.6 629.2 649.87 603.54 640.07 673.08 DOWN

COALINDIA 275.65 271.43 282.83 274.08 281.6 276.56 296.01 DOWN

COLPAL 1098.3 1091.27 1107.72 1091.77 1124.85 1106.45 1129.67 DOWN

CONCOR 604.6 597.2 615.2 620.41 654.87 608.12 677.55 DOWN

CUMMINSIND 709.2 672.17 688.67 693.43 752.35 702.78 717.81 DOWN

DABUR 396.35 399.63 413.73 431.08 379.87 399.45 450.62 DOWN

DALMIABHA 2083.95 2057.67 2161.37 2326.52 2698.71 2125.59 2387.57 DOWN

DCBBANK 162.25 153.08 167.68 154.59 174.26 160.77 170.13 DOWN

DHFL 281.6 284.17 306.17 371.19 571.05 284.33 392.26 DOWN

DISHTV 54.4 54.52 56.57 58.85 71.35 54.74 63.19 DOWN

DIVISLAB 1299.75 1262.55 1299.4 1323.22 1134.62 1292.79 1235.07 UP

DLF 156.8 155.22 160.57 174.58 210.08 159.51 188.85 DOWN

DRREDDY 2566.85 2424.98 2483.48 2513.6 2249.32 2539.75 2625.85 DOWN

EICHERMOT 23434.5 22870.17 24568.17 25019.67 28368.85 23284.62 26452.33 DOWN

ENGINERSIN 117.35 112.43 119.83 118.32 147.58 115.92 125.14 DOWN

EQUITAS 126.1 125.8 133.35 127.75 146.59 126.91 135.51 DOWN

ESCORTS 598.3 578.62 617.87 650.51 851.44 591.03 675.17 DOWN

EXIDEIND 263.3 253.58 258.88 261.33 247.05 261.72 281.5 DOWN

FEDERALBNK 75.8 72.42 74.67 72.72 89.59 74.37 78.37 DOWN

FORTIS 138.75 132.72 135.07 136.76 145.07 137.32 141.2 DOWN

GAIL 351.05 353.33 363.13 365.8 351.29 353.23 384.27 DOWN

GLENMARK 612.45 592.37 609.07 633.09 580.84 605.47 676.76 DOWN

GMRINFRA 16.6 16.08 16.98 16.84 18.56 16.35 19.11 DOWN

GODREJCP 729.95 701.97 734.87 772.53 795.58 717.27 791.22 DOWN

GODREJIND 490.45 469.53 490.53 520.04 582.97 479.67 540.73 DOWN

GRANULES 98.55 90.53 93.43 100.8 106.41 96.71 109.64 DOWN

GRASIM 897.9 882.43 904.38 987.6 1066.2 902.24 993.21 DOWN

GSFC 95.7 91.1 94.8 99.24 121.83 94.04 105.43 DOWN

HAVELLS 599.75 586.72 603.07 616.07 567.77 589.45 664.71 DOWN

HCC 12.85 11.87 12.72 12.33 21.88 12.42 14.01 DOWN

HCLTECH 1002.95 970.77 1003.27 1072.14 970.62 988.04 1084.41 DOWN

HDFC 1732.9 1702.7 1749.7 1776.52 1856.74 1732.68 1873.93 DOWN

HDFCBANK 2008.05 1950.2 2005.3 1978.71 1990.34 1987.06 2069.94 DOWN

HDIL 20.6 19.95 20.75 22.96 35.64 20.3 22.72 DOWN

HEROMOTOCO 2881.25 2866.03 2930.83 2999.28 3485.9 2895.42 3085.46 DOWN

HEXAWARE 395.65 378.95 396.85 428.9 415.54 391.77 457.03 DOWN

HINDALCO 231.75 220.42 230.57 237.03 235.61 228.11 260.81 DOWN

HINDPETRO 212.5 213.8 222.5 228.42 318.03 215.24 238.18 DOWN

HINDUNILVR 1526.3 1547.3 1584.7 1593.84 1517.45 1535.61 1648.03 DOWN

HINDZINC 273.1 272.57 280.57 289.34 298.56 270.07 306.01 DOWN

IBREALEST 95.05 94.07 98.12 108.24 178.83 96.65 118.92 DOWN

IBULHSGFIN 948.9 915.33 945.23 1000.47 1219.72 937.63 1174.94 DOWN

ICICIBANK 313.35 313.92 324.57 314.38 304.85 311.82 339.77 DOWN

ICICIPRULI 318.35 313.68 326.28 337.18 393.38 313.98 356.04 DOWN

ICIL 74.45 63.03 70.28 67.81 87.47 69.22 51.36 UP

IDBI 59.35 58.6 59.5 56.07 63 59.06 52.53 UP

IDEA 36.75 35.1 36.65 39.67 67.17 36.6 41.11 DOWN

IDFC 38.8 37.93 39.28 42.24 51.05 38.13 43.71 DOWN

IDFCBANK 36.1 35.75 37 38.39 46.37 35.94 39.15 DOWN

IFCI 13.45 12.78 13.13 13.49 19.65 13.2 14.91 DOWN

IGL 241.15 233.22 248.37 248.05 283.49 242.27 262.9 DOWN

INDIACEM 95.8 93.38 97.73 104.05 135.77 94.37 110.97 DOWN

INDIANB 237.5 232.57 240.72 256.27 327 234.44 284.65 DOWN

INDIGO 822.3 780.73 826.48 825.28 1155.1 809.35 893.99 DOWN

INDUSINDBK 1626.95 1619.3 1672.8 1697.55 1822.2 1573.07 1765.81 DOWN

INFIBEAM 53.2 50.77 54.57 136.33 163.39 52.04 85.62 DOWN

INFRATEL 268.6 259.87 269.37 266.26 314.27 264.7 292.59 DOWN

INFY 698.8 665.52 688.07 716.88 621.88 690.66 746.22 DOWN

IOC 135.05 132.45 136.05 144.61 170.76 131.78 147.8 DOWN

IRB 127.8 130.78 136.03 144.22 216.63 130 152.1 DOWN

ITC 282.5 269.12 279.47 290.32 277.77 279.07 290.37 DOWN

JETAIRWAYS 201.75 195.87 205.22 207.25 499.85 195.81 221.56 DOWN

JINDALSTEL 178.4 171.55 182.8 204.54 229.68 174.08 219.79 DOWN

JISLJALEQS 66.25 66 67.85 71.66 101.37 66.75 77 DOWN

JPASSOCIAT 6.8 6.47 6.87 7.64 16.29 6.57 8.41 DOWN

JSWENERGY 64.2 60.67 65.42 63.55 74.93 62.82 68.12 DOWN

JSWSTEEL 376.8 368.28 386.18 390.34 324.04 372.94 419.31 DOWN

JUBLFOOD 1176 1159.73 1205.13 1243.05 1230.46 1182.23 1366.51 DOWN

JUSTDIAL 490.9 452.95 510 489.62 510.25 480.76 557.14 DOWN

KOTAKBANK 1170.45 1135.05 1186.2 1155.18 1189.45 1163.57 1218.64 DOWN

KPIT 217.45 197.22 206.57 242.17 248.57 213.12 248.3 DOWN

KSCL 509.5 503.87 525.92 564.06 540.56 515.72 612.96 DOWN

KTKBANK 98.8 94.07 104.77 103.33 123.27 100.24 112.32 DOWN

L&TFH 130.65 130.02 135.97 134.85 164.46 131.55 148.49 DOWN

LICHSGFIN 447.15 420.35 438.5 433.06 513.46 441.4 457.13 DOWN

LT 1216.4 1221 1247.25 1282.94 1320.65 1221.25 1337.43 DOWN

LUPIN 886.8 837.2 854.15 889.22 842.06 875.6 942.41 DOWN

M&M 749 744.07 784.42 851.04 839.36 751.83 842.08 DOWN

M&MFIN 386.6 377.67 396.67 405.19 466.51 389.67 457.51 DOWN

MANAPPURAM 73.3 71.52 75.77 77.17 106.14 74.19 82.25 DOWN

MARICO 315.3 306.93 322.48 326.57 329.03 317.48 337.16 DOWN

MARUTI 7182 7049.47 7425.47 7598.9 8901.95 7297.02 7712.44 DOWN

MCDOWELL-N 533.2 502.85 534.95 520.7 640.66 529.59 453.63 UP

MCX 729.25 735.28 756.53 733.34 791.77 714.67 803.18 DOWN

MGL 828.35 802.73 840.68 816.54 917.14 822.1 855.17 DOWN

MOTHERSUMI 250.85 233.13 242.13 257.54 319.45 244.4 269.75 DOWN

MRF 62600.6 63412.25 64752.2 64894.86 72971.98 63029.57 67714.09 DOWN

MRPL 82.25 78.97 85.92 73.06 99.56 82.64 62.34 UP

MUTHOOTFIN 401 396.58 409.58 419.1 414.22 399.07 456.2 DOWN

NATIONALUM 66.7 66.08 68.13 66.2 70.94 65.82 70.64 DOWN

NBCC 54.25 52.63 54.58 59.99 89.88 53.54 63.19 DOWN

NCC 73.25 71.37 74.57 78.41 110.16 72.18 85.5 DOWN

NMDC 112.9 109.75 112.6 114.37 119.96 111.81 123.36 DOWN

NTPC 164.65 163.05 165.35 167.28 165.66 165.28 160.51 UP

OFSS 3911.3 3902.23 3967.13 4049 4014.33 3967.24 4299.67 DOWN

OIL 205 198.73 204.93 208.14 222.71 202.47 228.18 DOWN

ONGC 160.15 154.85 159.15 168.38 177.18 158.03 176.8 DOWN

ORIENTBANK 65.15 62.65 64.7 66.47 89.23 63.97 71.56 DOWN

PCJEWELLER 56.85 56.22 57.77 66.17 233.84 57.31 70.95 DOWN

PEL 2247.35 2201.58 2325.23 2486.79 2614.32 2201.37 2611.67 DOWN

PETRONET 215.4 214.35 220.35 223.79 230.1 217.16 235.93 DOWN

PFC 82.05 76.47 80.47 79.62 90.22 81.31 86.95 DOWN

PIDILITIND 988.95 973.92 1008.07 1040.15 1019.53 992.05 1073.22 DOWN

PNB 67.55 65.15 67.75 69.07 101.8 66.4 74.97 DOWN

POWERGRID 188.1 186.45 190.1 192.38 195.66 188.75 202.9 DOWN

PTC 76.65 71.5 76.5 73.24 89.41 75.14 78.55 DOWN

PVR 1310.05 1277.15 1358.7 1279.44 1334.98 1293.22 1349.4 DOWN

RAMCOCEM 585.05 579.7 591.5 629.68 732.25 579.6 652.27 DOWN

RAYMOND 672.9 644.12 675.57 701.69 931.01 662.79 726.98 DOWN

RBLBANK 527.15 517.97 542.77 539.72 529.29 521.45 571.38 DOWN

RCOM 11.65 11.27 12.12 12.84 19.75 11.91 14 DOWN

RECLTD 103.45 100.23 103.98 104.07 123.63 102.37 115.25 DOWN

RELCAPITAL 263.85 248.33 270.93 306.95 429.42 258.3 298.84 DOWN

RELIANCE 1139.75 1109.3 1136.4 1184.11 1021.02 1129.59 1224.54 DOWN

RELINFRA 327.55 309.67 344.07 338.49 433.55 320.45 350.71 DOWN

REPCOHOME 375.65 368.08 386.83 435.66 577.38 365.82 450.71 DOWN

RPOWER 28.35 26.58 29.23 28.43 37.7 27.77 29.49 DOWN

S&P500 2767.13 2694.21 2778.84 2887.71 2766.4 0 2865.82 DOWN

SAIL 67.05 65.33 67.48 71.11 79.5 66.07 76.19 DOWN

SBIN 263.2 260.87 267.27 270.42 274.64 264.95 293.81 DOWN

SHREECEM 15217.35 14983.02 15586.52 16538.12 16990.04 15359.33 17234.87 DOWN

SIEMENS 934.4 896.65 924.65 940.93 1078.3 921.35 1019.8 DOWN

SOUTHBANK 12.6 12.48 12.93 14.28 23.43 12.81 14.99 DOWN

SRF 1762.3 1727.73 1815.73 1833.55 1906.92 1776.48 1954.24 DOWN

SRTRANSFIN 1042.8 995.7 1114.6 1114.01 1377.55 1013.24 1182.19 DOWN

STAR 435.6 421.33 436.23 457.06 556.58 428.61 499.83 DOWN

SUNPHARMA 599.95 582.92 598.02 623.51 557.44 592.81 658.69 DOWN

SUNTV 649.45 642.8 661.05 643.89 859.95 663.97 712.62 DOWN

SUZLON 6.2 5.52 6.07 6.19 10 5.94 6.92 DOWN

SYNDIBANK 32.45 31.07 31.87 33.3 52.05 31.76 35.14 DOWN

TATACHEM 649.8 642.23 664.73 690.27 714.74 653.14 704.35 DOWN

TATACOMM 513.95 477.4 494.25 500.28 600.61 498.76 528.71 DOWN

TATAELXSI 988.15 958.6 998.05 1170.48 1183.44 975.88 1193.8 DOWN

TATAGLOBAL 234.9 225.62 232.47 228.71 264.89 230.54 239.51 DOWN

TATAMOTORS 184.35 181.43 187.23 225.71 315.99 182.96 219.88 DOWN

TATAMTRDVR 101.45 99.77 102.77 121.48 178.88 102.24 120.5 DOWN

TATAPOWER 71.25 63.83 72.98 69.06 79.83 70.17 57.69 UP

TATASTEEL 570 563.47 584.17 592.25 609.17 574.64 629.58 DOWN

TCS 1949.5 1888.2 1963.2 2094.2 1738.79 1929.94 2183.79 DOWN

TECHM 694.55 687.02 701.57 733.3 654.26 695.79 772.02 DOWN

TITAN 807.2 784.92 817.57 804.15 880.43 793.77 883.68 DOWN

TVSMOTOR 528.8 520.55 542.35 555.99 615.56 530.74 586.45 DOWN

UJJIVAN 247.4 247.1 262 273.23 367.2 249.71 291.52 DOWN

ULTRACEMCO 3708.4 3728.53 3838.38 3946.17 4056.98 3733.55 4140.6 DOWN

UNIONBANK 68.95 68.38 70.23 71.58 97.31 69.89 78.02 DOWN

VGUARD 177.6 173.05 176.85 180.37 217.91 176.02 184.95 DOWN

VOLTAS 500.15 500.8 519.2 541.55 587.99 506.73 553.66 DOWN

WIPRO 319.95 310.55 321 325.02 290.27 318.14 311.7 UP

WOCKPHARMA 521.85 496.97 517.67 559.59 713.89 514.02 591.21 DOWN

YESBANK 246 242.5 252.4 244.24 329.59 242.76 269.55 DOWN

ZEEL 472.5 460.1 476.65 450.28 547.5 466.6 409.03 UP



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 ended slightly lower in Monday's trade. Key medium term suppport seen at 31201 mark. Interweek strategy: Establish long positions between 31751-31901 zone, targeting 32451 mark and then aggressive targets at 32851-32901 with stop at 31201.

Silver prices too traded rangebound in Monday's trade. Interweek strategy: Establish long positions between 38475-38501 zone, targeting 39651 mark and then aggressive targets at 39901-40000 zone with stop at 38251.

The recent sequence of higher highs/lows remains intact. Interweek strategy: Establish long positions between 5205-5225 zone, targeting 5445 zone and then aggressive targets at 5751 with stop at 5100.

Copper prices were seen trading rangebound in yesterday's trade. Interweek strategy: Establish long positions only on dips between 447-449 zone, targeting 465 mark and then at 479 with stop at 429.

Natural Gas prices were seen consolidating in Monday's trade. Interweek strategy: Establish long positions between 229-232 zone , targeting 245 and then aggressive targets at 249-251 zone with stop at 223.

Key support now at 71.75. Intermonth strategy: Buy between 72.50-73 zone, targeting 75 and then aggressive targets at 77 with strict stop below 71.75.

32071 31759 31201 32451 32901 Neutral

39135 38455 37201 39650 40001 Neutral

5254 5205 5100 5445 5751 Positive

457 447 429 465 479 Positive

238.90 227.45 215.00 245.00 251.00 Positive

73.81 71.75 70.00 75.00 77.00 Positive

MCX Copper: Establish long positions on any corrective declines.

Instrument TRADING STRATEGYLTP S1 S2 R1 R2


GOLD $

SILVER ($)

WTI CRUDE OIL ($ )

EUR/USD

Forecast and Analysis …Sailing global trend

Bias

DOW JONES

US Dollar Index



Wall Street ends lower amidst tech weakness . Apple down sharply on China worries

Gold prices were seen trading with positive bias in Monday's trade. Hurdles now seen at 1245. Confirmation of major strength only above 1245. Interweek Strategy: Sell at CMP, targeting 1207 and then at 1189-1191 zone with stop above 1247.

Silver prices traded flat in Monday's trade. Hurdles now seen at 15.45. Confirmation of major strength only above 15.45.

Profit booking witnessed in Crude-oil prices. Inerweek strategy: Establish long positions only above 75 zone, targeting 77.50 zone and then 80 with stop at 70.20

We have a negative bias on EUR/USD. Major weakness seen only below 1.1451. Selling on strength should be preferred strategy.

We have positive bias for US Dollar Index. Hurdles at 97.50. Aggressive upside targets seen at 99. Downside well supported at 92.50. Major weakness now only below 92.50.

The Dow Jones index ended lower in yesterday's trade as investors also remained cautious following last week’s equity-market rout, sparked in part by rising U.S. interest rates. Dow faces major hurdles at 27200.

1231 1207 1189 1227 1245 Neutral

14.75 14.21 13.75 15.45 16.09 Neutral

71.78 70.25 68.3 75 77.5 Positive

1.1586 1.1379 1.1100 1.1745 1.1900 Negative

95.04 94.45 92.50 97.50 99.00 Positive

25251 25001 24445 26551 27200 Neutral


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

149.8 149.02 148.23 151.17 152.53 145.53 147.05 DOWN

1385 1373.8 1369.9 1401 1421 1102.73 1394 UP

4872 4827.33 4782.67 4903.33 4934.67 4282.2 4647 DOWN

4205 4182.67 4160.33 4220.67 4236.33 3829.31 4110 UP

459.25 450.67 442.08 464.67 470.08 446.07 447.4 UP

22370 22296.67 22223.33 22426.67 22483.33 21519.85 22445 UP

5273 5203 5151 5354 5453 4536.11 5835.5 UP

32071 31610 31229 32193 32395 30470.1 31011 DOWN

8996 8948.33 8900.67 9054.33 9112.67 8903.04 9159 UP

4110 4080 4050 4150 4190 4136.52 4257 DOWN

19560 19416.67 19273.33 19676.67 19793.33 17554.2 18925 DOWN

154 147 139 157 161 156.37 151.15 UP

1708.6 1695.4 1682.2 1729.2 1749.8 1469.02 1685.4 UP

238.9 232.57 227.23 243.97 250.03 193.35 224.1 UP

936.2 921.73 907.27 946.33 956.47 921.31 901.5 UP

4012 4001.67 3991.33 4027.67 4043.33 4029.69 4115 UP

39135 38522.66 38156.33 39251 39406.33 38773.57 37832 DOWN

3050 3050 3050 3050 3050 3614.83 3015 UP

3203 3193 3183 3211 3219 3502.28 3241.5 UP

194.25 192.5 189 198.5 200.7 201.84 186.45 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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