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Disclosures and Disclaimer : This report must be read with the disclosures in the Disclosure appendix, and with the Disclaimer, which forms part of it. This document does not contain any investment views or opinions.
Comfort Securities Limited
Daily Research Reports
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WISDOM…
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The world out there is uncertain. On this backdrop, the market volatility is bound to increase. Believe us, even the big
investors’ sentiment will oscillate—and that is why it is important for us to safely navigate these difficult times.
To do so, Comfort Securities Ltd. brings you this daily market commentary which will help you to sharpen your instincts
on investments in equity markets, gold, silver, crude-oil, USD/INR, the Dow Jones index, Hang Seng index, Euro-Dollar,
etc. On the next few pages, you can learn more about the same. We would love to answer any further questions you may
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Comfort Securities Limited
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Welcome Note
Monday23rd July, 2018
Stock Of The Day: (F & O)
Forecast and Analysis
CONTENTSCONTENTS
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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
Enjoy Your Comfort Zone.
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'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
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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
‘30,000 feet view’: The big picture of Dalal Street
Good Morning & Welcome to Monday’s trading action at Dalal Street, dated
23rd July 2018.
Dalal Street is most likely to start the week on a positive note on backdrop of the BJP
government comfortably defeating the no-trust vote in the Parliament on late Friday. The
motion was defeated with 325 votes against it while 126 voted in favour. The street is also
likely to react positively to the GST Council on Saturday slashed tax rates on a number of
products, ranging from paints, white goods to footwears.
Meanwhile, trading is expected to be volatile as traders will roll over positions in the F&O
segment from the near month July 2018 series to August 2018 series. The July 2018 F&O
contracts will expire on Thursday.
Our call of the day says excessive buying appetite likely to be cooled amidst new
questions surrounding U.S government policy on trade issues.
President Donald Trump is on the front pages again, reigniting anxieties about escalating
tariff spats between the U.S. and its international counterparts that could pummel
worldwide stock markets.
Trump also said he was “ready” to put tariffs on all Chinese goods imported to the U.S.,
which would amount to more than $500 billion. The comments were the latest in a series
that pointed to worsening trade relations
Meanwhile, all anxious eyes will also be on the progress on monsoon. The street will also
keep a close eye on the movement of Indian Rupee and the Crude-Oil prices as that could
influence investors’ sentiment.
What Technical Tells Us on Nifty: Nifty ended Friday’s session with modest gains,
up 0.48% at 11,010.20. The positive takeaway was that Nifty settled just above the
psychologically important 11,000 mark.
The market breadth, indicating the overall health of the market, was weak. The BSE Mid-
Cap index fell 0.73%. The BSE Mid-Cap index rose 0.73%. The BSE Small-Cap index rose
0.41%. Both these indices outperformed the Sensex.
Technically speaking, Nifty’s biggest hurdles’ are at its all-time-high at 11,172.
The must watch support levels are placed at 10925 & then at 10876. The technical
landscape will worsen only if Nifty slips below the 10,557 mark as that would open the door
to massive technical selling, possibly quickly to the 10,327-10,375 zone.
Amidst Friday’s positive close, the bias on Nifty shifts to neutral/positive. Having said that,
buying advised only on any sharp corrective declines. In the near term, we still believe,
Nifty may most likely to trade with positive bias and the benchmark most probably will aim
to close above its all-time-high at 11,172 mark.
Meanwhile, the price action for Nifty is suggesting that we are likely to see a
10,751-11,375 range in near term with positive bias.
Outlook for Monday: Key hurdles on Nifty at 11,172.
Technically, fresh major buying appetite only above 11,175 mark.
Judging by early action at SGX Nifty, it’s likely that the benchmark Nifty will have a positive
trading session. Stock specific action will be the main driver as corporate earnings are likely
to set the tone for the market. Till date, the corporate profits are on the rise, if not strong.
Prominent earnings releases due to trickle in:
• Monday: L & T Infotech, L&T Technology, Glaxosmi Pharma, LMW
11010 0.43%
26873 0.31%
10752 -0.43%
29281 0.23%
3032 0.61%
14701 1.46%
2814 -0.46%
4798 0.78%
3092 -0.53%
8895 1.66%
257 1.26%
7030 0.78%
36496 0.40%
11053 0.29%
Volatile session likely.
Neutral (10945-11101)
Neutral (10551-11301)
Neutral (12001)
10925 & 10876
11175 & 11501
11251
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Technical Strategy
‘30,000 feet view’: The big picture of Dalal Street
SUN PHARMA 560.1
Action BUY
Target 601
Support 545/531
Resistance 587/601
Holding Period 21 Days.
In Friday’s trade, SUN PHARMA was seen trading
with positive bias, up 2.78%.
Technically, SUN Pharma is trading at oversold
zone and signaling a major rebound on the daily
charts from a lower consolidation zone.
The stock is still in corrective mode and the
momentum oscillators will shift on buy mode on
any move above 601 and such up move needs to
be backed by increases in volumes.
Key support to watch in near term is at 545 zone.
Medium term supports seen at 531 zone.
Interweek perspective: Establish long
positions at CMP, and on declines to 535-537.50
zone, targeting 587 zone and then at 595-601
zone with strict stop at 531.
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Invest Smart. Build Wealth.
‘30,000 feet
view’: The big
picture of
Dalal Street
‘30,000 feet view’: The big picture of Dalal Street
Enjoy Your Comfort Zone.
Invest Smart. Build Wealth.
Comfort stock of the day
Stock Of The Day: (F & O)
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.
Stock Of The Day: (F & O)
R2STOCKS LTP S1 S2 R1 TRADING STRATEGYBIAS
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Stock Of The Day: (F & O)
The sequence of lower high/low is intact on daily charts of CESC. Key intraday support seen at 861. Interweek Strategy: Selling on early strength between 893-897 zone, targeting 861 and then at 825-833 zone. Stop above 921.
TATA CHEMICALS ended on a weak note in Friday's trade, down 0.99%. Key intraday support seen at 653. Interweek Strategy: Sell between 675-677 zone, targeting 653 zone and then aggressive targets at 639 zone. Stop above 691.
TVS Motors is aiming to move below its 9-week lower consolidation zone. The sequence of lower high/low still intact on daily and weekly charts. Interweek Strategy: Sell between 567-571 zone, targeting 547 and then more aggressive targets located at 537.50-541 zone. Stop 591.
BATA is aiming to move above its 4-week higher consolidation zone. The sequence of higher high/low still intact on daily, weekly and monthly charts. Interweek Strategy: Buy at CMP, targeting 865 and then more aggressive targets located at 875-881 zone. Stop below 823.
Voltas is signaling a major rebound from an oversold zone on the daily charts. Key support seen at 522.50-525 zone. Key hurdles seen at 601. Interweek Strategy: Buy at CMP, targeting 565 and then at 591-601 zone. Stop below 633.
Dalal Street May Consolidate Today Amid Subdued Global Cues. BATA + VOLTAS may witness buying.
CESC 886.2 861 825 905 941 Negative
TATA CHEMICAL 660.15 653 639 689 709 Negative
TVS MOTORS 564.9 547 537.5 573 591 Negative
BATA 842.4 827.5 811 865 881 Positive
VOLTAS 552.95 537.5 522.5 565 601 Positive
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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.)
Yesterday Day Before Yesterday
Derivatives Vol.(INR in Cr.)
No of contracts
Turnover (Rs. In cr.)
Major Changes in Nifty Options (OI)
Monday23rd July, 2018
Market Summary: The benchmark Nifty marched higher in Friday’s session despite Thursday’s weakness at
Wall Street following comments from President Donald Trump that he does not agree
with the Federal Reserve’s interest rate increases this year.
The Fed has raised rates two times this year, and policy makers expect two more rate
hikes before the end of 2018. Meanwhile, the positive takeaway was that despite broader market weakness, Nifty
closed above the psychological 11000 mark. Amongst stock specific action, Bajaj Auto
slumped 9% after declaring poor set of Q1numbers while CEAT was star performer.
The BSE Midcap Index was up 0.73%. The BSE SmallCap Index was up 0.41%. Both the
Indices outperformed the Sensex.
Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE IT Index (up
1.51%), BSE Teck Index (up 1.38%), BSE Healthcare Index (up 1.06%)
Amongst the sectoral indices, underperforming the Sensex/Nifty were BSE Oil & Gas
Index (down 0.65%), BSE Metal Index (down 0.55%), BSE Auto Index (down 0.40%).
Amongst stock specific action, positive bias was seen in stocks like Bajaj Finance (up
8.01%), Bajaj Finserv (5.77%),Sun Pharma (up 2.87%)
Among stocks drifting down were: Bajaj Auto (down 9.42%), Hindpetro (down 2.95%),
IOC (down 2.90%).
Maximum Call Open Interest (OI) again stands at 11100 Strike Price, followed by 11000
Strike Price. Short covering in call option was seen at strike price 11000 for July expiry.
Maximum Put OI contracts were seen at strike price 11000 followed by 10,900 strike
price. There was a sudden surge in open interest for put options 11000 & 10900 strike
prices ahead of F&O expiry next week. As per Friday’s provisional data available on the NSE, Foreign institutional investors
(FIIs)bought shares worth Rs. 310.27 crores. Domestic institutional investors sold shares
worth Rs. 50.73 crores in the Indian equity market.
Highest OI Nifty: Calls 11100: 39.25 L - Puts 11000: 48.78 L
Highest OI Bank Nifty: Calls 27000: 9.58 L - Puts 26500: 6.69 L
Change in Stock Open Interest (OI) in previous day’s trade.
Long Buildup: RELIANCE, GRANULES, MPRL, INFY, BAJFIN.
Short Buildup: SREINRFA, DHFL, IRB, BAJAJ AUTO, HPCL.
Short Covering: ORIENTBANK, ASHOKLEY, EQUITAS, BALRAMCHIN, BEL.
Long Unwinding: IOC, KOTAKBANK, JUSTDIAL, SRTFIN, TATACHEM.
Stocks banned in F&O segment for today: NIL.
New In Ban: NIL.
Out of Ban: ADANIENT, ADANI POWER.
Future Call: SELL KOTAK BANK JULY FUTURES between 1346-
1351 zone. Targets: 1323 and then at 1295. Stop: 1371. Holding
Period: 0-3 days. Analyst’s Remark: Long Unwinding. (Kotak Bank
July Futures CMP 1339.10).
Option Call: Sell DHFL JULY PE strike price 580 at CMP 3.15.
Maximum Profit: 4725. Maximum Loss: Unlimited. Stop if DHFL
closes below 585. Hold Put Option till expiry. (DHFL July Futures CMP
614.95).
11010.20 (+0.48%)
26873.20 (+0.31%)
13.5350 (-0.42%)
+21 vs +26
2.43 crores (-1.76%)
22.28 lakhs (+3.49%)
2900.64 2672.94
29179.54 27888.39
524535 1820234
183327 16684
977355 67995
3822635 360965
989478 78891
5972795 524535
Calls in lakhs (%Change)
11000 38.69 (-7%)
11100 39.25 (+4%)
11200 31.96 (-7%)
Puts in lakhs (% Change)
10900 48.54 (+21%)
11000 48.78 (+13%)
10800 48.2 (+4%)
www.comfortsecurities.co.in
DAILY PIVOT TABLE
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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.
Monday23rd July, 2018
NIFTY 11010.2 10960.85 10911.5 11044.9 11079.6 10995.55 10507.5 UP
BANKNIFTY 26873.2 26745.68 26618.17 26973.63 27074.07 26846.12 25591.14 UP
NIFTYMID50 4798.1 4752.62 4707.13 4825.72 4853.33 4780.23 5145.01 DOWN
ACC 1293 1274.77 1256.53 1304.12 1315.23 1285.88 1589.29 DOWN
ADANIENT 162.95 153.53 144.12 168.53 174.12 159.12 151.96 UP
ADANIPORTS 370.05 365.67 361.28 375.67 381.28 371.28 395.51 DOWN
AJANTPHARM 1019.25 970.73 922.22 1047.63 1076.02 999.12 1266.52 DOWN
ALBK 40.9 40.37 39.83 41.32 41.73 40.78 58.34 DOWN
AMARAJABAT 762.75 754.07 745.38 770.27 777.78 761.58 791.68 DOWN
ANDHRABANK 30.8 30.07 29.33 31.27 31.73 30.53 47.85 DOWN
APOLLOTYRE 280.3 273.17 266.03 288.62 296.93 281.48 264.49 UP
ARVIND 400.05 394.92 389.78 404.77 409.48 399.63 413.41 DOWN
ASHOKLEY 107.45 105.5 103.55 109.7 111.95 107.75 133.75 DOWN
ASIANPAINT 1396.45 1383.72 1370.98 1406.97 1417.48 1394.23 1192.83 UP
AUROPHARMA 583.8 570.55 557.3 593.25 602.7 580 640.65 DOWN
AXISBANK 533.7 526.98 520.27 538.43 543.17 531.72 534.71 DOWN
BAJAJ-AUTO 2839.6 2719.43 2599.27 3056.78 3273.97 2936.62 3048.36 DOWN
BAJAJFINSV 6663.95 6315.3 5966.65 6897.3 7130.65 6548.65 5363.46 UP
BAJFINANCE 2721.35 2557.13 2392.92 2815.28 2909.22 2651.07 1887.84 UP
BALKRISIND 1199.75 1156.77 1113.78 1230.97 1262.18 1187.98 1105.81 UP
BALRAMCHIN 63.45 62.07 60.68 64.42 65.38 63.03 109.28 DOWN
BANKBARODA 120.25 118.08 115.92 122.03 123.82 119.87 148.12 DOWN
BANKINDIA 83.25 81.9 80.55 84.25 85.25 82.9 133.55 DOWN
BATAINDIA 842.4 832.6 822.8 849.05 855.7 839.25 760.93 UP
BEL 103.65 99.53 95.42 105.98 108.32 101.87 150.88 DOWN
BEML 756 746.57 737.13 769.22 782.43 759.78 1279.5 DOWN
BERGEPAINT 309.95 303.42 296.88 315.42 320.88 308.88 265.84 UP
BHARATFIN 1173.35 1150.12 1126.88 1190.07 1206.78 1166.83 1068.27 UP
BHARATFORG 587.15 577.6 568.05 594.1 601.05 584.55 698.51 DOWN
BHARTIARTL 345.4 341.27 337.13 348.62 351.83 344.48 433.96 DOWN
BHEL 67.5 66.2 64.9 68.5 69.5 67.2 86.81 DOWN
BIOCON 576.15 566.28 556.42 586.73 597.32 576.87 555.78 UP
BPCL 388.85 383.67 378.48 394.52 400.18 389.33 451.94 DOWN
BRITANNIA 6358.15 6301.2 6244.25 6424.9 6491.65 6367.95 5131.44 UP
CANBK 236.8 231.6 226.4 240.2 243.6 235 306.94 DOWN
CANFINHOME 325.8 323.3 320.8 329.4 333 326.9 447.63 DOWN
CAPF 484.85 479.43 474.02 490.03 495.22 484.62 655.48 DOWN
CASTROLIND 158.8 156.23 153.67 160.43 162.07 157.87 189.03 DOWN
CEATLTD 1356.1 1280.08 1204.07 1407.53 1458.97 1331.52 1605.74 DOWN
CENTURYTEX 875.3 861.67 848.03 891.27 907.23 877.63 1195.94 DOWN
CESC 886.2 875.27 864.33 894.57 902.93 883.63 1009.78 DOWN
CGPOWER 59.3 57.15 55 60.75 62.2 58.6 78.93 DOWN
CHOLAFIN 1520.4 1483.83 1447.27 1545.63 1570.87 1509.07 1407.27 UP
CIPLA 625.8 608.63 591.47 636.48 647.17 619.32 592.09 UP
COALINDIA 263.5 259.77 256.03 266.07 268.63 262.33 281.71 DOWN
COLPAL 1125.05 1116.88 1108.72 1135.48 1145.92 1127.32 1106.97 UP
CONCOR 653.25 646.23 639.22 659.13 665.02 652.12 663.72 DOWN
CUMMINSIND 632.3 624.93 617.57 642.98 653.67 635.62 800.8 DOWN
DABUR 373 369.78 366.57 376.73 380.47 373.52 351.2 UP
DALMIABHA 2360.1 2330.3 2300.5 2385.95 2411.8 2356.15 2828.94 DOWN
DCBBANK 160.5 158.75 157 163.5 166.5 161.75 180.09 DOWN
DHFL 615.55 611.1 606.65 621 626.45 616.55 589.36 UP
DISHTV 68.4 67.28 66.17 69.08 69.77 67.97 74.68 DOWN
DIVISLAB 1090.6 1076.33 1062.07 1101.58 1112.57 1087.32 1059.11 UP
DLF 170.4 168.15 165.9 172.5 174.6 170.25 214.9 DOWN
DRREDDY 2051.9 2023.6 1995.3 2076.6 2101.3 2048.3 2232.18 DOWN
EICHERMOT 27048.1 26822.83 26597.57 27211.63 27375.17 26986.37 29374.03 DOWN
ENGINERSIN 120.1 118.45 116.8 121.7 123.3 120.05 162.07 DOWN
EQUITAS 135.05 132.2 129.35 137 138.95 134.15 148.22 DOWN
ESCORTS 848.15 830.4 812.65 862.75 877.35 845 828 UP
EXIDEIND 265.85 261.5 257.15 268.6 271.35 264.25 227.73 UP
FEDERALBNK 85.75 84.83 83.92 86.83 87.92 85.92 99.21 DOWN
FORTIS 135.55 133.8 132.05 138.55 141.55 136.8 145.07 DOWN
GAIL 359.8 357.37 354.93 362.52 365.23 360.08 344.42 UP
GLENMARK 567.55 556.45 545.35 574.25 580.95 563.15 569.88 DOWN
GMRINFRA 17.85 17.68 17.52 18.13 18.42 17.97 18.4 DOWN
GODREJCP 1287.05 1267.95 1248.85 1313.55 1340.05 1294.45 1065.01 UP
GODREJIND 591.85 587.17 582.48 598.37 604.88 593.68 582.99 UP
GRANULES 91.5 87.53 83.57 93.73 95.97 89.77 113.29 DOWN
GRASIM 939.1 929.73 920.37 946.63 954.17 937.27 1112.3 DOWN
GSFC 101.6 100.62 99.63 102.47 103.33 101.48 131.24 DOWN
HAVELLS 560.4 552.37 544.33 570.67 580.93 562.63 531.19 UP
HCLTECH 999.2 985 970.8 1008.95 1018.7 994.75 926.63 UP
HDFC 1973.85 1959.97 1946.08 1984.87 1995.88 1970.98 1809.04 UP
HDFCBANK 2189.05 2172.48 2155.92 2204.23 2219.42 2187.67 1927.42 UP
HDIL 17.95 17.43 16.92 18.48 19.02 17.97 44.69 DOWN
HEROMOTOCO 3376.95 3302.97 3228.98 3469.97 3562.98 3395.98 3630.99 DOWN
HEXAWARE 502.4 484.4 466.4 512.65 522.9 494.65 377.18 UP
HINDALCO 195.65 192.1 188.55 200.7 205.75 197.15 243.42 DOWN
HINDPETRO 275.4 272.72 270.03 279.72 284.03 277.03 368.65 DOWN
HINDUNILVR 1655.85 1632.62 1609.38 1675.27 1694.68 1652.03 1405.08 UP
HINDZINC 265.25 262.57 259.88 267.97 270.68 265.28 304.56 DOWN
IBREALEST 148.3 142.12 135.93 151.77 155.23 145.58 201.71 DOWN
IBULHSGFIN 1196.95 1185.4 1173.85 1213.25 1229.55 1201.7 1234.23 DOWN
ICICIBANK 265.8 262.5 259.2 268.4 271 265.1 299.87 DOWN
ICICIPRULI 355.85 349.43 343.02 360.13 364.42 353.72 397.54 DOWN
ICIL 82.3 81.3 80.3 83.5 84.7 82.5 98.84 DOWN
IDBI 58 56.6 55.2 59 60 57.6 63.04 DOWN
IDEA 51.15 49.68 48.22 52.13 53.12 50.67 79.81 DOWN
IDFC 44.2 43.8 43.4 44.85 45.5 44.45 55.2 DOWN
IDFCBANK 36.85 36.45 36.05 37.2 37.55 36.8 50.31 DOWN
IGL 278.65 275.27 271.88 281.37 284.08 277.98 294.83 DOWN
INDIACEM 102.75 99.98 97.22 104.38 106.02 101.62 153.84 DOWN
INDIANB 310.25 301.47 292.68 324.02 337.78 315.23 339.5 DOWN
INDIGO 1063.65 1047.22 1030.78 1078.17 1092.68 1061.73 1219.33 DOWN
INDUSINDBK 1902.55 1882.05 1861.55 1918.5 1934.45 1898 1769.03 UP
INFIBEAM 167.85 158.78 149.72 174.93 182.02 165.87 156.89 UP
INFRATEL 286 284.6 283.2 287.8 289.6 286.4 349.33 DOWN
INFY 1348.1 1323.88 1299.67 1369.73 1391.37 1345.52 1117.27 UP
IOC 161.05 159.62 158.18 163.37 165.68 161.93 184.19 DOWN
IRB 188.4 184.98 181.57 191.48 194.57 188.07 230.31 DOWN
ITC 274 271.5 269 275.65 277.3 273.15 267.4 UP
JETAIRWAYS 303.1 298.12 293.13 309.07 315.03 304.08 598.27 DOWN
JINDALSTEL 183.4 180.25 177.1 186.35 189.3 183.2 218.25 DOWN
JISLJALEQS 74.65 72.98 71.32 77.08 79.52 75.42 109.37 DOWN
JPASSOCIAT 15.1 14.73 14.37 15.43 15.77 15.07 18.34 DOWN
JSWENERGY 61.85 61.1 60.35 63.25 64.65 62.5 79.24 DOWN
JSWSTEEL 304.15 300.08 296.02 307.73 311.32 303.67 293.6 UP
JUBLFOOD 1481.4 1429.97 1378.53 1515.92 1550.43 1464.48 1073.6 UP
JUSTDIAL 580.6 570.82 561.03 592.12 603.63 582.33 494.11 UP
KOTAKBANK 1333.3 1320.68 1308.07 1356.23 1379.17 1343.62 1131.87 UP
KPIT 292.7 288.97 285.23 297.47 302.23 293.73 214.11 UP
KSCL 580.4 565.4 550.4 592.6 604.8 577.6 525.51 UP
KTKBANK 108.65 107.57 106.48 110.12 111.58 109.03 135.14 DOWN
L&TFH 155.6 152.1 148.6 157.85 160.1 154.35 171.67 DOWN
LICHSGFIN 518.05 510.1 502.15 523.45 528.85 515.5 543.5 DOWN
LT 1270.35 1254.27 1238.18 1287.72 1305.08 1271.63 1291.8 DOWN
LUPIN 800.65 794.63 788.62 804.53 808.42 798.52 853.75 DOWN
M&M 909.75 904.1 898.45 915.3 920.85 909.65 779.61 UP
M&MFIN 469 464.7 460.4 475.1 481.2 470.8 461.69 UP
MANAPPURAM 100.65 99.43 98.22 101.53 102.42 100.32 108.63 DOWN
MARICO 351.35 346.8 342.25 354.35 357.35 349.8 318.5 UP
MARUTI 9398.95 9334.63 9270.32 9463.63 9528.32 9399.32 8846.45 UP
MCDOWELL-N 566.95 555.18 543.42 576.83 586.72 565.07 648.22 DOWN
MCX 798.45 786.82 775.18 810.52 822.58 798.88 850.7 DOWN
MGL 821.6 813.83 806.07 826.58 831.57 818.82 996.34 DOWN
MOTHERSUMI 298.45 286.4 274.35 305.2 311.95 293.15 339.95 DOWN
MRF 76812.45 74713.8 72615.15 78297.3 79782.15 76198.65 71660.98 UP
MRPL 81.95 78.05 74.15 84.15 86.35 80.25 113.33 DOWN
MUTHOOTFIN 389.85 379.97 370.08 396.82 403.78 386.93 428.53 DOWN
NATIONALUM 58.85 58 57.15 59.8 60.75 58.95 75.37 DOWN
NBCC 63.45 62.6 61.75 64.1 64.75 63.25 106.67 DOWN
NCC 79.75 78.43 77.12 81.63 83.52 80.32 115.25 DOWN
NMDC 96.25 94.42 92.58 97.67 99.08 95.83 124.57 DOWN
NTPC 155.65 154.43 153.22 156.43 157.22 155.22 169.83 DOWN
OFSS 3883.25 3776.18 3669.12 3964.13 4045.02 3857.07 3917.02 DOWN
OIL 207.05 204.03 201.02 211.23 215.42 208.22 230.71 DOWN
ONGC 157.95 155.7 153.45 161.1 164.25 158.85 180.54 DOWN
ORIENTBANK 71.45 67.9 64.35 73.7 75.95 70.15 103.79 DOWN
PCJEWELLER 81.9 69.8 57.7 89.5 97.1 77.4 317.36 DOWN
PEL 2501.95 2484.63 2467.32 2524.63 2547.32 2507.32 2613.29 DOWN
PETRONET 207.45 206.23 205.02 209.08 210.72 207.87 237.49 DOWN
PFC 71.2 69.75 68.3 72.5 73.8 71.05 102.93 DOWN
PIDILITIND 1030.95 1024.12 1017.28 1042.67 1054.38 1035.83 943.89 UP
PNB 75.55 74.77 73.98 76.27 76.98 75.48 128.15 DOWN
POWERGRID 175.8 173.95 172.1 177.8 179.8 175.95 200.28 DOWN
PTC 69.15 68.23 67.32 70.03 70.92 69.12 100.48 DOWN
PVR 1151.05 1124.38 1097.72 1178.33 1205.62 1151.67 1358.1 DOWN
RAMCOCEM 630.9 618.53 606.17 644.83 658.77 632.47 745.59 DOWN
RAYMOND 800.3 789.25 778.2 817.25 834.2 806.2 977.29 DOWN
RBLBANK 577.8 561.53 545.27 589.53 601.27 573.27 514.13 UP
RCOM 12.95 12.67 12.38 13.17 13.38 12.88 19.44 DOWN
RECLTD 91.6 90.47 89.33 92.52 93.43 91.38 137.39 DOWN
RELCAPITAL 350.75 342.87 334.98 356.77 362.78 348.88 459.71 DOWN
RELIANCE 1128.65 1114.2 1099.75 1140.8 1152.95 1126.35 939 UP
RELINFRA 386.75 376.28 365.82 392.98 399.22 382.52 453.31 DOWN
REPCOHOME 574 566.5 559 586.75 599.5 579.25 605.62 DOWN
RPOWER 30.85 29.97 29.08 31.37 31.88 30.48 39.66 DOWN
SAIL 71.3 70.12 68.93 72.22 73.13 71.03 79.27 DOWN
SBIN 261.5 259.03 256.57 263.48 265.47 261.02 279.41 DOWN
SHREECEM 16536.6 16234.37 15932.13 16724.52 16912.43 16422.28 17213.18 DOWN
SIEMENS 964.75 939.95 915.15 980.6 996.45 955.8 1142.73 DOWN
SOUTHBANK 22.5 21.78 21.07 22.98 23.47 22.27 27.58 DOWN
SREINFRA 54.15 51.3 48.45 57.8 61.45 54.95 88.2 DOWN
SRF 1563.3 1533.73 1504.17 1589.18 1615.07 1559.62 1877.56 DOWN
SRTRANSFIN 1172.65 1152.92 1133.18 1188.77 1204.88 1169.03 1375.11 DOWN
STAR 346.1 341.05 336 350.3 354.5 345.25 662.32 DOWN
SUNPHARMA 560.1 549.07 538.03 567.07 574.03 556.03 534.95 UP
SUNTV 761.4 751.43 741.47 771.93 782.47 761.97 897.08 DOWN
SUZLON 7.1 6.98 6.87 7.18 7.27 7.07 12.21 DOWN
SYNDIBANK 38.8 38.32 37.83 39.27 39.73 38.78 64.32 DOWN
TATACHEM 660.15 655.92 651.68 667.42 674.68 663.18 719.53 DOWN
TATACOMM 552.85 546.32 539.78 558.07 563.28 551.53 643.97 DOWN
TATAELXSI 1394.5 1380.37 1366.23 1404.32 1414.13 1390.18 1064.01 UP
TATAGLOBAL 238.6 232.92 227.23 242.62 246.63 236.93 269.31 DOWN
TATAMOTORS 253.4 251.6 249.8 254.6 255.8 252.8 364.56 DOWN
TATAMTRDVR 140.85 139.3 137.75 141.9 142.95 140.35 207.84 DOWN
TATAPOWER 67.85 67.23 66.62 68.38 68.92 67.77 84.21 DOWN
TATASTEEL 503.2 496.88 490.57 507.63 512.07 501.32 632.92 DOWN
TCS 1996.6 1987.07 1977.53 2003.07 2009.53 1993.53 1532.33 UP
TECHM 659.45 648.05 636.65 666.3 673.15 654.9 590.11 UP
TITAN 860.4 853 845.6 872.2 884 864.8 843.91 UP
TV18BRDCST 44.9 44.35 43.8 45.4 45.9 44.85 55.72 DOWN
TVSMOTOR 564.9 560.5 556.1 569.4 573.9 565 662.64 DOWN
UBL 1070.9 1049.42 1027.93 1108.17 1145.43 1086.68 1084.65 DOWN
UJJIVAN 380.3 371.45 362.6 385.8 391.3 376.95 377.13 UP
ULTRACEMCO 3871.7 3839.47 3807.23 3894.47 3917.23 3862.23 4083.06 DOWN
UNIONBANK 76.75 75.5 74.25 77.6 78.45 76.35 118.21 DOWN
VEDL 202.4 199.85 197.3 205.75 209.1 203.2 294.73 DOWN
VGUARD 193.75 189.2 184.65 196.35 198.95 191.8 223.01 DOWN
VOLTAS 552.95 536.1 519.25 563.85 574.75 547 590.13 DOWN
WIPRO 283 278.8 274.6 288.9 294.8 284.7 287.44 DOWN
WOCKPHARMA 562.95 556.83 550.72 571.73 580.52 565.62 740.16 DOWN
YESBANK 386.5 383.7 380.9 390.9 395.3 388.1 330.42 UP
ZEEL 514.35 509.35 504.35 520.6 526.85 515.6 563.62 DOWN
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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
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MCX GOLD
MCX SILVER
MCX CRUDE OIL
MCX COPPER
MCX NATURAL GAS
USD-INR
Forecast and Analysis …Direction at a glance
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In Friday's trade, MCX Gold was seen attempting a rebound. Bias continues to be neutral. Confirmation of strength above 30101. Interweek Strategy: Establish long positions at CMP, targeting 30101 and then at 30500-30711 zone. Stop 29211.
Silver prices too were seen rebounding. Major buying advised only above 39953. Interweek Strategy: Establish long positions at CMP, targeting 39251-39451 zone and then at 39953 mark. Stop 37201.
Bias on crude-oil shifts to neutral. Key support seen at 4627. Confirmation of strength above 4951. Interweek strategy: Sell between 4801-4811 zone, targeting 4627 zone and then 4501 and then at 4295-4311 zone with stop at 4971.
Copper prices were seen inching up in Friday's trade. Support now seen at 401. Confirmation of strength only above 451. Interweek strategy: Establish sell positions on strength between 431-433 zone, targeting 411 and then at 401-405 zone with stop at 451.
Natural Gas prices were seen consolidating in Friday's trade. Key supports now at 185. Interweek strategy: Establish long positions at CMP, targeting 201 and then aggressive targets at 217-223 zone with stop at 183.
USD/INR was seen drifting in Friday's trade. Key interweek support seen at 68.45. Hurdles now seen at 69.11. Intraday Strategy: Sell at CMP, targeting 68.45 and then aggressive targets at 67.75-69 zone with stop ABOVE 69.21.
29895 29551 29211 30101 30711 Neutral
38430 37951 37201 39451 39953 Neutral
4713 4501 4295 4807 4951 Negative
420 411 401 433 451 Neutral
190.00 185.00 179.00 201.00 225.00 Neutral
68.85 68.45 67.75 69.11 70.05 Neutral
Gold prices end higher in Friday's trade as Trump’s remarks slams dollar.
Instrument TRADING STRATEGYLTP S1 S2 R1 R2
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GOLD $
SILVER ($)
WTI CRUDE OIL ($ )
EUR/USD
Forecast and Analysis …Sailing global trend
Bias
DOW JONES
US Dollar Index
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The U.S Dollar in Friday's trade sees biggest one-day drop in 3 weeks after Trump comments.
In Friday's trade, gold prices staged a smart rebound amidst slipping US Dollar. Confirmation of strength only above 1237. Support seen at 1201-1205 zone.
Silver prices were seen inching up in Friday's trade, tracking rebound in gold prices. Confirmation of strength only above 16.21. At the moment downside risk remains at 15.05.
Crude-Oil prices were seen consolidating in Friday's trade. Major hurdles now seen at 71.50 zone. Interweek strategy: Sell between 70-70.50 zone, targeting 67.45 zone and then at 65 zone with stop at 71.75.
The EUR/USD was seen inching up in Friday's trade. Technically, the bias continues to be neutral with key support to watch on EUR/USD at 1.1505. Hurdles seen at 1.1901.
The U.S. dollar traded with negative bias in Friday's trade. Technically, bias now shifts to neutral. Hurdles at 97.50. Downside well supported at 92.50. Major weakness now only below 92.50.
At Wall Street, the Dow Jones index ended slightly lower on Friday as new questions surrounding government policy despite positive earnings releases. Negative bias.
1232 1221 1201 1237 1253 Neutral
15.55 15.05 14.21 16.21 17.09 Neutral
68.15 67.45 65 70.05 71.5 Negative
1.1722 1.1505 1.4445 1.1901 1.2205 Neutral
94.48 92.50 89.25 97.50 99.00 Positive
25058 23405 22501 25505 26125 Negative
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DAILY PIVOT TABLE
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CommodityExchange Close S1 S2 R1 R2 200 Day
SMA Reversal
Point Trend
MCX ALUMINUM 140.65 138.7 136.75 141.85 143.05 142.7 143.05 DOWN
MCX CARDAMOM 1131.5 1125.33 1119.17 1137.33 1143.17 1027.8 1101 DOWN
NCDEX CASTOR 4558 4531 4504 4590 4622 4232.67 4393 UP
NCDEX CHANA 4314 4288 4262 4362 4410 4040.45 4233 UP
MCX COPPER 420.35 416.17 411.98 423.02 425.68 450.78 433.85 UP
MCX COTTON 22280 22126.67 21973.33 22436.67 22593.33 20382.4 23060 DOWN
MCX CRUDE-OIL 4707 4663.33 4619.67 4753.33 4799.67 4154.34 4876 DOWN
MCX GOLD 29920 29782 29644 30009 30098 30171.8 30064 DOWN
NCDEX GAUR GUM 9016 8969 8922 9063 9110 8600.88 8723.5 DOWN
NCDEX GAUR SEED 3995.5 3965.67 3935.83 4044.67 4093.83 3971.24 3952 UP
NCDEX JEERA 18695 18691.67 18688.33 18696.67 18698.33 17685.25 18467.5 UP
MCX LEAD 146.35 145.1 143.85 147.55 148.75 160.67 152.4 UP
MCX MENTHA OIL 1579.6 1554.6 1529.6 1619.3 1659 1435.02 1439.9 DOWN
MCX NATURAL GAS 190.2 189.5 188.8 191.3 192.4 188.09 193.7 UP
MCX NICKLE 926.3 918.23 910.17 934.53 942.77 873.65 967.3 DOWN
NCDEX RM SEED 4204 4166.67 4129.33 4230.67 4257.33 3977.99 4132 DOWN
MCX SILVER 38457 38157.66 37858.33 38634.66 38812.33 39105.59 39354 UP
NCDEX SUGAR 2709 2709 2709 2709 2709 3619.22 2651 DOWN
NCDEX SOYA BEAN 3610 3600 3590 3620 3630 3400.15 3449 UP
MCX ZINC 179.35 176.92 174.48 182.17 184.98 209.99 182.7 UP
Monday23rd July, 2018
Comfort Securities Ltd.
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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.
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