Comfort Securities Limited Daily Research Reports big picture of Dalal Street Good Morning & Welcome to Wednesday's trading action at Dalal Street, dated 28th of November 2018. This

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Welcome Note

Wednesday28th November, 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 Wednesday's trading action at Dalal Street, dated 28th of

November 2018.

This Wednesday morning, there are optimism all around, and most importantly, the

positivity is despite U.S.-China trade jitters.

Digging deeper, the latest remarks from President Donald Trump could stoke fresh

anxieties about the prospects of a near-term

resolution of trade tensions between the U.S.

and China.

The big question: Should investors be

lightening long positions on any early

morning strength?

Honestly speaking, the big wild card out there

is real escalation in terms of U.S.-China trade

tensions, and the good thing is that market is

fully aware at the moment.

Our call of the day suggests investors would be wise to get defensive on any

excessive strength amidst blurry outlook. We suspect, the make or break catalysts in

near term are likely to be:

1. U.S.-China trade relations.

2. The upcoming assembly elections in five states- Madhya Pradesh, Rajasthan,

Chhattisgarh, Mizoram and Telangana. Counting of votes will be held across all the

five states on December 11.

One additional item on investors’ radar would be drama surrounding Federal Reserve's

strong assessment of the U.S economy, indicating a rate hike in December is on course.

Well, this could take the air out of any excessive rally at our stock markets.

Meanwhile, the technically landscape is positive and Nifty faces major hurdles at

its 200-DMA at 10,761 zone. The bulls' case strengthens above Nifty 10,761. Fresh

drubbing only below Nifty 10,451

Upcoming events that are lined up in near term are:

1. 30th November India's Q2 GDP

2. 1st December Auto sales for November 2018.

3. 5th December 2:30 PM RBI POLICY.

4. 6th December OPEC meeting.

5. 7th December After 6:00 PM 5 States Exit polls.

6. 11th December 5 states Chhattisgarh, Mizoram, Rajasthan, Telangana,

Madhya Pradesh results.

7. 14th December RBI Board meet.

8. 19th December FOMC Meeting.

Meanwhile, the key corporate events lined up this week:

• ARVIND 28-Nov-18 Spin Off.

• BRITANNIA 29-Nov-18 Stock Split From Rs.2/- to Rs.1/-

• DALMIABHA 29-Nov-18 Amalgamation.

10686 0.54%

26443 0.29%

9165 0.07%

29913 -0.07%

3119 0.08%

14225 1.43%

2471 -0.24%

4814 0.45%

3149 -0.74%

9058 -1.33%

228 0.09%

6224 0.55%

35513 0.45%

10704 0.12%

Buy on dips.

Positive (10591-10697)

Neutral (9750-10811)

Neutral (11501)

10597 & 10451

10777 & 10901

10271



Technical Strategy


Outlook for Wednesday: Consolidation day likely.

Expect, volatility to be the hallmark of today's trade as Bank Nifty and November series

expire this Thursday, 29th November 2018.

STOCKS TO WATCH:

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

TITAN and BAJAJ FINANCE on any intraday weakness with 2-3 days

perspective.

• Bullish stocks: SBI, CANARA BANK, TITAN, HAVELLS, PVR, SRF, MCDOWELL,

BAJAJ FINANCE, BAJAJ FINSERV.

• Bearish stocks: MCX, BALKRISHNA INDUSTRIES, TATA MOTORS, JAIN

IRRIGATION.

• Show Me the Money: BUY PVR (CMP 1442): PVR enjoyed a strong session in

Tuesday's trade's trade, up 0.38% and most importantly, signaled a breakout from a

probable 'Flag Pattern' on daily charts. Key intraday hurdles seen at 1455.

Interweek Strategy: Buy between 1425-1432 zone, targeting 1455 and then

aggressive targets at 1475-1501 zone. Stop 1407..

• Stocks banned in F&O segment for today: ADANI ENT, ADANI POWER, DHFL, JET

AIRWAYS.

GLOBAL CUES:

• Wall Street staged a major comeback in Tuesday's early morning losses as gains in

so-called defensive sectors helped to offset anxieties that a near-term resolution to

trade tensions between the U.S. and China remain elusive.

FII/DII & OPTIONS DATA:

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

Rs. 811.52 crores in the Indian Equity Market. DIIs too bought shares worth Rs.

31.21 crores in the Indian Equity market.

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

11,000 strike price as maximum call open interest of 28.64 lakh contracts were seen

at the 11,000 strike price. Key support level for the November series is at 10,500 as

Maximum Put open interest of 39.94 lakh contracts was seen at the 10,500 strike

price.

COMMODITY CUES:

• Gold prices were seen trading range bound in yesterday's trade. Hurdles now

seen at 1245. Confirmation of major strength only above 1245. Interweek Strategy:

Buy only above 1231, targeting 1245 and then at 1261-1265 zone with stop below

1209.

• Copper prices were seen trading range bound in yesterday's trade. Strength seen

only above 442.50. Interweek strategy: Establish short positions between 437-

442.50 zone, targeting 421 mark and then at 411-415 zone. Stop above 443.

MACRO WATCH:

• Citing strong fundamentals, Reserve Bank of India (RBI) Governor Urjit Patel told a

group of lawmakers on Tuesday that the impact of demonetisation was "transient"

and the economy had registered a robust credit growth of 15 per cent this fiscal.

The RBI chief was briefing the Standing Committee on Finance on the state of the

economy and the impact of the 2016 demonetization.

In Tuesday's trading session, Bajaj Finance was

seen attempting a major rebound from its 5-7

days consolidation zone

Technically speaking, on the intraday charts the

stock price of Bajaj Finance is attempting a major

breakout as the closed on a strong note in

yesterday's session, up 1.71%.

The stock is in consolidation mode and the

momentum oscillators will shift on buy mode on

any move above 2485 and such up move needs to

be backed by increases in volumes.

Key support to watch in near term is at 2345 zone.

Medium term supports seen at 2241 zone.

Buy between 2395-2405 zone, targeting 2485

zone and then aggressive targets at 2575-2585

zone with stop at 2319.

BAJAJ FINANCE

Action

Target

Support

Resistance

Holding Period

2435

Buy

2501

2345/2241

2485/2589

12 Days.




• This week, the final trading week of the month will feature reports on home prices, GDP and minutes from the last Fed meeting.

CURRENCIES & BONDS:

• In Tuesday's trade, the Indian Rupee recovered marginally by 8 paise to close at 70.79 against the US dollar. Riding on falling crude oil prices,

the rupee had advanced by 3% - against the dollar in the past seven trading sessions.

• The rupee is down about 11 per cent against the dollar so far this year.

• USD/INR at oversold zone. Support now seen at 70. Technically, oversold conditions prevail. Buying USD/INR advised only above 71.45.

WHAT TECHNICALS TELLS US ON NIFTY:

• Dalal Street registered modest gains in Tuesday's trade, up 0.54% following strength in global stock markets and most importantly, despite

strength in crude oil prices.

• The benchmarks Sensex and Nifty ended in green for the second day in row.

• The market breadth, indicating the overall health of the market, was weak. The BSE Mid-Cap index rose 0.32%. The BSE Small-Cap index

rose 0.43%. Both these indices underperformed the Sensex.

• Technically speaking, Intraday supports on Nifty are placed at 10597 and then at 10471. The bigger battle for bulls camp would be

reclaiming Nifty's 200 DMA at 10,761. The intraday bias is positive and all eyes will be if Nifty is able to move past its 200 DMA at 10757-

10,775 zone.

• Long term supports for Nifty in near term is at 9,951 mark. The technical landscape will worsen further only if Nifty closes below the 9,951

mark as that would open the door to massive technical selling, possibly quickly towards the 9750-9801 zone.

• The medium term price action for Nifty is suggesting that we are likely to see an 10451 -10,901 range in near term with neutral bias.

• Judging by last two days action at Dalal Street, it appears Nifty has made intermediate bottom at 10,471 mark. Immediate

targets on Nifty are seen at its 200 DMA at 10,761.

Daily Chart of Nifty:

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

Preferred trade on Nifty: Nifty (10686): Buy between 10621-10631 zone, targeting 10721 zone and then aggressive targets at 10755-10775


Preferred trade on Bank Nifty (26443): Buy between 26201-26301 zone, targeting 26901 zone and then aggressive targets at 27251-27501




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


MC DOWELL is signalling a breakout from a 'higher consolidation zone' on daily charts. Key intraday support seen at 621. Interweek Strategy: Buy between 637-642 zone, targeting 665 and then aggressive targets located at 701-708 zone. Stop below 621.

PVR enjoyed a strong session in Tuesday's trade's trade, up 0.38% and most importantly, signalled a breakout from a probable 'Flag Pattern' on daily charts. Key intraday hurdles seen at 1455. Interweek Strategy: Buy between 1425-1432 zone, targeting 1455 and then aggressive targets at 1475-1501 zone. Stop 1407.

Key intraday supports at 2061. Intraday Strategy: Buy between 2079-2095 zone, targeting 2145 zone and then more aggressive targets located at 2201-2205 zone. Stop below 2059.

Momentum oscillators in buy mode for SBI. Key intraday supports seen at 285. Intermonth Strategy: Buy between 285-287.50 zone, targeting 301 zone and then at 311-315 zone with stop below 279.

The recent sequence of higher high/low is intact on daily charts. Key intraday support seen at 892.60. Interweek Strategy: Buy between 901-910 zone, targeting 933 and then at 945-947.50 zone. Stop below 892.05.

Stocks is set to fly high once again this Wednesday morning!!! Titan is our preferred bet on buy side.

MC DOWELL

PVR

SRF

STATE BANK OF INDIA

TITAN

647.25 637 621 665 708 Positive

1442 1409 1369 1455 1501 Positive

2112 2061 2011 2145 2205 Positive

289.4 281 267 301 315 Positive

914.3 892.6 872 933 947.5 Positive



EQUITY DERIVATIVESLooking into the future from present.

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

Nifty Spot

VIX

Premium

Nifty Future 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)

Bank Nifty Spot

Bank Nifty OIFuture

Market Summary:

The benchmark Nifty staged modest gains in yesterday's trade, closing slightly below the

10700 mark at 10685.60. Despite another positive session, Pharma and Metal Stocks

continued to the laggards.

Meanwhile, Bank Nifty is likely to be a major outperformer with immediate targets located

at 26,901 mark. Some respite was seen in Midcap and Small Cap space. However both

the indices underperformed the Sensex where BSE Midcap was up 0.32% and BSE Small

Cap by 0.43%.

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

1.67%), BSE Teck Index (up 1.36%), BSE Oil & Gas Index (up 0.86%).

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

Index (down 0.90%), BSE Metal Index (down 0.80%), BSE Consumer Durables Index

(down 0.20%).

Amongst stock specific action, positive bias was seen in stocks like INFY up (3.15%),

BAJFINSERV (up 3.00%), GAIL (up 2.71%)

Among stocks drifting down were: HEROMOTO (down 3.84%), SUN PHARMA (down

3.81%), YES BANK (down 3.03%).

Maximum Call Open Interest (OI) stands at 11000 Strike Price, followed by 11500 Strike

Price for December Series. Short covering was seen at strike prices 11000-11200 for

December series.

Maximum Put Open Interest (OI) was seen at strike price 10200 followed by 10500 strike

price for December series. Heavy short buildup was seen at strike prices 10500-10700 for

December series

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

811.52 crores in the Indian Equity Market. DIIs too bought shares worth Rs. 31.21 crores

in the Indian Equity market.

Highest OI Nifty: Calls 11000: 24.37 L - Puts 10200: 31.15

Highest OI Bank Nifty: Calls 26000: 3.92 L - Puts 26000: 5.26 L

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

Long Buildup: SBIN, RELIANCE, INFY, DLF, HDFCBANK.

Short Buildup: TATA MOTORS, TATA STEEL, JSW STEEL, SUN PHARMA, IBHSGFIN.

Short Covering: MOTHERSON, GAIL, SUN TV, HINDZINC, ARVIND.

Long Unwinding: ICICI BANK, AXIS BANK, BHARTI AIRTEL.

Stocks banned in F&O segment for today: ADANI ENT, ADANI POWER, JET

AIRWAYS.

New In Ban: NIL.

Out of Ban: DHFL.

Future Call: BUY RELIANCE INDUSTRIES (RIL) NOVEMBER FUTURES

between 1115-1120 zone. Targets at 1145 and then at 1165-1171 zone.

Stop: 1089. Holding Period: Intraday. Analyst’s Remark: Rebound Play

(RELIANCE INDUSTRIES (RIL) November Futures CMP 1126.55).

Option Call: SELL BANK NIFTY NOVEMBER PE strike price 26200

at CMP 56. Maximum Profit: Rs. 1,120. Loss: Unlimited. Stop: Exit

Put option if Bank Nifty moves below 26320. (Bank Nifty November

Futures CMP 26420).

10685.60 (+0.54%)

26443.10 (+0.29%)

18.3150 (-10.23%)

+41 vs

0.75 crores (+79.62%)

5.23 lakhs (+31.78%)

2395.55 2655.61

30770.73 29218.06

999825 776197

493147 33943

1922740 107386

13126783 800454

1011498 58041

16554168 999825

Calls in lakhs (% Change)

11000 24.37 (+8%)

10700 11.87 (+12%)

10800 8.16 (+5%)

Puts in lakhs (% Change)

10700 3.8 (+13%)

10800 1.43 (+22%)

10600 8.87 (+14%)


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 10685.6 10622.92 10560.23 10721.72 10757.83 10659.03 10741.66 DOWN

BANKNIFTY 26443.1 26310.75 26178.4 26533.35 26623.6 26401 26001.2 UP

NIFTYMID50 4813.75 4789.25 4764.75 4828.3 4842.85 4803.8 4992.4 DOWN

ACC 1445.15 1432.43 1419.72 1456.08 1467.02 1443.37 1488 DOWN

ADANIENT 159.15 155.27 151.38 162.02 164.88 158.13 131.84 UP

ADANIPORTS 369.05 363.83 358.62 373.63 378.22 368.42 372.07 DOWN

AJANTPHARM 1117.6 1106.75 1095.9 1131.7 1145.8 1120.85 1166.75 DOWN

ALBK 47.5 45.78 44.07 48.63 49.77 46.92 44.51 UP

AMARAJABAT 736.15 720.73 705.32 745.78 755.42 730.37 795.14 DOWN

ANDHRABANK 28.45 28.22 27.98 28.72 28.98 28.48 35.22 DOWN

APOLLOTYRE 230.1 224.5 218.9 233.35 236.6 227.75 258.59 DOWN

ARVIND 311.05 302.63 294.22 318.13 325.22 309.72 385.51 DOWN

ASHOKLEY 110.3 108.87 107.43 111.22 112.13 109.78 132.88 DOWN

ASIANPAINT 1339.6 1328.17 1316.73 1348.92 1358.23 1337.48 1258.47 UP

AUROPHARMA 787.45 774.52 761.58 804.07 820.68 791.13 649.32 UP

AXISBANK 625.25 619.27 613.28 634.97 644.68 628.98 559.32 UP

BAJAJ-AUTO 2599.65 2565.72 2531.78 2638.77 2677.88 2604.83 2810.9 DOWN

BAJAJFINSV 5880.35 5770.23 5660.12 5950.23 6020.12 5840.12 5819.92 UP

BAJFINANCE 2435.45 2393.67 2351.88 2458.57 2481.68 2416.78 2196.48 UP

BALKRISIND 989.6 966.88 944.17 1001.88 1014.17 979.17 1138.75 DOWN

BALRAMCHIN 101.4 100.27 99.13 103.12 104.83 101.98 82.41 UP

BANKBARODA 108.95 107.97 106.98 110.22 111.48 109.23 131.35 DOWN

BANKINDIA 85.75 84.23 82.72 86.88 88.02 85.37 97.18 DOWN

BATAINDIA 1004.25 978.42 952.58 1018.67 1033.08 992.83 853.35 UP

BEL 93.15 92 90.85 94.9 96.65 93.75 116.89 DOWN

BEML 758.85 751.57 744.28 766.57 774.28 759.28 902.11 DOWN

BERGEPAINT 316.7 313.9 311.1 319.3 321.9 316.5 286 UP

BHARATFIN 982.85 967.25 951.65 993.5 1004.15 977.9 1097.38 DOWN

BHARATFORG 575.65 568.52 561.38 580.27 584.88 573.13 661.97 DOWN

BHARTIARTL 328.15 322.87 317.58 334.67 341.18 329.38 370.89 DOWN

BHEL 67 66.17 65.33 67.97 68.93 67.13 78.24 DOWN

BIOCON 608.7 603.2 597.7 618 627.3 612.5 620.05 DOWN

BPCL 335.5 326.27 317.03 340.62 345.73 331.38 382.24 DOWN

BRITANNIA 6035.05 5974.03 5913.02 6088.03 6141.02 6027.02 5696.74 UP

CANBK 267.55 262.98 258.42 270.78 274.02 266.22 261.74 UP

CANFINHOME 257.65 252.45 247.25 261.05 264.45 255.85 366.73 DOWN

CAPF 542 535.47 528.93 548.27 554.53 541.73 575.53 DOWN

CASTROLIND 154.95 152.87 150.78 156.52 158.08 154.43 171.37 DOWN

CEATLTD 1240.7 1208.77 1176.83 1259.87 1279.03 1227.93 1380.38 DOWN

CENTURYTEX 908.2 899.47 890.73 914.07 919.93 905.33 994.16 DOWN

CESC 690.3 677.03 663.77 698.53 706.77 685.27 939.24 DOWN

CGPOWER 39.4 38.92 38.43 40.07 40.73 39.58 62.94 DOWN

CHENNPETRO 268.4 262.93 257.47 272.13 275.87 266.67 305.42 DOWN

CHOLAFIN 1309.8 1278.53 1247.27 1332.53 1355.27 1301.27 1437.79 DOWN

CIPLA 517.65 511.48 505.32 525.38 533.12 519.22 598.28 DOWN

COALINDIA 251.9 249.97 248.03 254.02 256.13 252.08 279 DOWN

COLPAL 1238.65 1203.17 1167.68 1258.07 1277.48 1222.58 1124.92 UP

CONCOR 667.95 656.62 645.28 676.67 685.38 665.33 645.68 UP

CUMMINSIND 804.05 785.98 767.92 818.03 832.02 799.97 727.65 UP

DABUR 420.85 415.38 409.92 424.28 427.72 418.82 384.85 UP

DALMIABHA 2398.15 2356.93 2315.72 2439.68 2481.22 2398.47 2567.33 DOWN

DCBBANK 155.1 153.97 152.83 156.72 158.33 155.58 169.67 DOWN

DHFL 222 216.88 211.77 227.48 232.97 222.37 518.12 DOWN

DISHTV 37.6 36.82 36.03 38.17 38.73 37.38 66.17 DOWN

DIVISLAB 1523.15 1502.83 1482.52 1536.73 1550.32 1516.42 1183.62 UP

DLF 178.15 174.98 171.82 182.33 186.52 179.17 197.34 DOWN

DRREDDY 2588.75 2552.9 2517.05 2613.7 2638.65 2577.85 2259.73 UP

EICHERMOT 23807.55 23578.45 23349.35 24038.2 24268.85 23809.1 27587.85 DOWN

ENGINERSIN 117.55 116.7 115.85 118.8 120.05 117.95 137.4 DOWN

EQUITAS 109.75 107.58 105.42 111.33 112.92 109.17 141.03 DOWN

ESCORTS 689.35 671.23 653.12 700.23 711.12 682.12 829.92 DOWN

EXIDEIND 259.05 252.9 246.75 262.5 265.95 256.35 251.2 UP

FEDERALBNK 81.25 80.23 79.22 81.88 82.52 80.87 85.9 DOWN

GAIL 347.35 341.42 335.48 351.67 355.98 345.73 349.35 DOWN

GLENMARK 645.9 633.87 621.83 657.07 668.23 645.03 584.32 UP

GMRINFRA 16.4 16.08 15.77 16.58 16.77 16.27 17.77 DOWN

GODREJCP 748.3 739.37 730.43 755.12 761.93 746.18 797.57 DOWN

GODREJIND 527.6 518.23 508.87 535.58 543.57 526.22 564.62 DOWN

GRANULES 88.1 86.27 84.43 91.32 94.53 89.48 100.84 DOWN

GRASIM 860.6 846 831.4 868.85 877.1 854.25 1017.36 DOWN

GSFC 104.7 103.43 102.17 105.63 106.57 104.37 115.11 DOWN

HAVELLS 659.25 651.83 644.42 667.23 675.22 659.82 579.62 UP

HCC 12.35 11.73 11.12 12.73 13.12 12.12 15.52 DOWN

HCLTECH 1023.15 1001.1 979.05 1037.1 1051.05 1015.05 980.69 UP

HDFC 1901.7 1878.2 1854.7 1917 1932.3 1893.5 1854.56 UP

HDFCBANK 2064 2047.2 2030.4 2074.35 2084.7 2057.55 1999.41 UP

HEROMOTOCO 2958.15 2913.77 2869.38 3038.77 3119.38 2994.38 3367.36 DOWN

HEXAWARE 308.05 303.87 299.68 314.57 321.08 310.38 411.43 DOWN

HINDALCO 219.9 214.43 208.97 224.18 228.47 218.72 230.39 DOWN

HINDPETRO 245.9 241.67 237.43 249.47 253.03 245.23 292.88 DOWN

HINDUNILVR 1733.3 1714.53 1695.77 1746.78 1760.27 1728.02 1555.48 UP

HINDZINC 264.35 260.67 256.98 266.77 269.18 263.08 292.96 DOWN

IBREALEST 80.45 79.23 78.02 82.08 83.72 80.87 158.02 DOWN

IBULHSGFIN 698.45 687.4 676.35 712.25 726.05 701.2 1151.77 DOWN

ICICIBANK 354.65 352.13 349.62 356.63 358.62 354.12 307.05 UP

ICICIPRULI 327.1 324.23 321.37 330.38 333.67 327.52 383.14 DOWN

ICIL 58.6 57.97 57.33 59.12 59.63 58.48 79.79 DOWN

IDBI 60.2 59.77 59.33 60.57 60.93 60.13 62.76 DOWN

IDEA 38.75 37.77 36.78 40.17 41.58 39.18 58.42 DOWN

IDFC 41.25 40.6 39.95 41.65 42.05 41 47.82 DOWN

IDFCBANK 39.8 39.33 38.87 40.18 40.57 39.72 43.18 DOWN

IFCI 14.05 13.83 13.62 14.43 14.82 14.22 17.37 DOWN

IGL 268.2 262.13 256.07 272.13 276.07 266.07 275.39 DOWN

INDIACEM 90.95 89.88 88.82 91.93 92.92 90.87 122.64 DOWN

INDIANB 226.6 223.7 220.8 228.95 231.3 226.05 306.66 DOWN

INDIGO 1035.6 1025.83 1016.07 1045.18 1054.77 1035.42 1117.73 DOWN

INDUSINDBK 1588.55 1560.28 1532.02 1605.33 1622.12 1577.07 1796.28 DOWN

INFIBEAM 44.75 44 43.25 45.75 46.75 45 148.6 DOWN

INFRATEL 264.15 259.45 254.75 268.55 272.95 263.85 300.31 DOWN

INFY 638.9 629.13 619.37 644.83 650.77 635.07 637.58 UP

IOC 138.45 135.92 133.38 140.32 142.18 137.78 162.67 DOWN

ITC 284.85 282.95 281.05 286.6 288.35 284.7 279.6 UP

JETAIRWAYS 293.6 286.67 279.73 303.97 314.33 297.03 422.27 DOWN

JINDALSTEL 155.55 151.53 147.52 159.13 162.72 155.12 219.38 DOWN

JISLJALEQS 68.6 67.33 66.07 70.13 71.67 68.87 92.27 DOWN

JPASSOCIAT 6.75 6.67 6.58 6.87 6.98 6.78 14.07 DOWN

JSWENERGY 67 66.35 65.7 67.55 68.1 66.9 71.68 DOWN

JSWSTEEL 311.2 301.53 291.87 318.83 326.47 309.17 332.78 DOWN

JUBLFOOD 1243.4 1223.6 1203.8 1255.1 1266.8 1235.3 1255.34 DOWN

JUSTDIAL 496.45 488.97 481.48 503.97 511.48 496.48 500.87 DOWN

KOTAKBANK 1173.55 1164.78 1156.02 1180.63 1187.72 1171.87 1205.92 DOWN

KPIT 205.1 202.22 199.33 207.97 210.83 205.08 250.62 DOWN

KSCL 514.45 504.23 494.02 520.63 526.82 510.42 536.96 DOWN

KTKBANK 104.05 102.4 100.75 105.15 106.25 103.5 115.83 DOWN

L&TFH 131.45 130.45 129.45 132.6 133.75 131.6 157.95 DOWN

LICHSGFIN 461.1 452.88 444.67 466.08 471.07 457.87 495.51 DOWN

LT 1431.6 1419.97 1408.33 1438.62 1445.63 1426.98 1318.66 UP

LUPIN 851 842.77 834.53 858.47 865.93 850.23 835.9 UP

M&M 751.75 741.93 732.12 757.73 763.72 747.92 839.92 DOWN

M&MFIN 421 414.65 408.3 427.95 434.9 421.6 457.21 DOWN

MANAPPURAM 85.75 84.77 83.78 86.42 87.08 85.43 100.7 DOWN

MARICO 364.9 360.7 356.5 368.3 371.7 364.1 331.05 UP

MARUTI 7647.6 7546.3 7445 7703.35 7759.1 7602.05 8568.8 DOWN

MCDOWELL-N 646.7 637.13 627.57 653.13 659.57 643.57 622.05 UP

MCX 713.05 705.42 697.78 718.62 724.18 710.98 768.92 DOWN

MGL 828.3 807.33 786.37 847.13 865.97 826.17 883.82 DOWN

MOTHERSUMI 161.6 157.6 153.6 163.8 166 159.8 200.4 DOWN

MRF 68575.25 67756.86 66938.48 69036.81 69498.38 68218.43 72115.66 DOWN

MRPL 76.6 75.37 74.13 77.47 78.33 76.23 92.78 DOWN

MUTHOOTFIN 462.15 453.33 444.52 468.38 474.62 459.57 411.66 UP

NATIONALUM 64.8 64.17 63.53 65.57 66.33 64.93 69.01 DOWN

NBCC 56.8 56.05 55.3 57.55 58.3 56.8 80.99 DOWN

NCC 88.05 86.63 85.22 89.03 90.02 87.62 102.94 DOWN

NMDC 94.8 93.68 92.57 96.33 97.87 95.22 114.36 DOWN

NTPC 145.75 143.73 141.72 147.28 148.82 145.27 163.09 DOWN

OFSS 3396 3367.47 3338.93 3444.27 3492.53 3415.73 3939.25 DOWN

OIL 199.8 197.93 196.07 202.53 205.27 200.67 215.87 DOWN

ONGC 146.1 144.28 142.47 147.88 149.67 146.07 171.19 DOWN

ORIENTBANK 89.7 87.65 85.6 91.7 93.7 89.65 83.12 UP

PCJEWELLER 72.35 71.3 70.25 74.1 75.85 73.05 170.86 DOWN

PEL 2048.35 1982.22 1916.08 2164.37 2280.38 2098.23 2518.15 DOWN

PETRONET 217.55 216 214.45 219.25 220.95 217.7 225.71 DOWN

PFC 101.8 100.03 98.27 103.63 105.47 101.87 86.38 UP

PIDILITIND 1170.15 1151.23 1132.32 1184.78 1199.42 1165.87 1037.49 UP

PNB 72.45 70.98 69.52 73.53 74.62 72.07 87.25 DOWN

POWERGRID 182.55 180.25 177.95 184.9 187.25 182.6 194.14 DOWN

PTC 82.15 80.4 78.65 83.2 84.25 81.45 84.16 DOWN

PVR 1442 1430.33 1418.67 1451.33 1460.67 1439.67 1324.58 UP

RAMCOCEM 599.9 594.27 588.63 605.27 610.63 599.63 706.26 DOWN

RAYMOND 816.35 804.83 793.32 824.18 832.02 812.67 882.5 DOWN

RBLBANK 574.8 563.72 552.63 581.67 588.53 570.58 530.91 UP

RCOM 13.3 13.03 12.77 13.58 13.87 13.32 17.29 DOWN

RECLTD 122 120 118 124.5 127 122.5 117.77 UP

RELCAPITAL 234.8 229.53 224.27 238.53 242.27 233.27 386.08 DOWN

RELIANCE 1128.2 1112.43 1096.67 1136.98 1145.77 1121.22 1042.93 UP

RELINFRA 355.95 348.38 340.82 360.73 365.52 353.17 406.76 DOWN

REPCOHOME 384.5 372 359.5 394.05 403.6 381.55 534.74 DOWN

RPOWER 30.2 29.68 29.17 30.58 30.97 30.07 34.71 DOWN

SAIL 56.8 55.83 54.87 57.83 58.87 56.87 75.34 DOWN

SBIN 289.4 285.47 281.53 291.92 294.43 287.98 270.11 UP

SHREECEM 16022.25 15804.17 15586.08 16170.17 16318.08 15952.08 16509.62 DOWN

SIEMENS 905.85 898.73 891.62 917.73 929.62 910.62 1027.11 DOWN

SOUTHBANK 15.5 15.1 14.7 15.75 16 15.35 21.03 DOWN

SREINFRA 33.5 32.73 31.97 34.03 34.57 33.27 62.12 DOWN

SRF 2112.55 2076.42 2040.28 2133.32 2154.08 2097.18 1909.19 UP

SRTRANSFIN 1100.4 1081.78 1063.17 1117.53 1134.67 1098.92 1333.5 DOWN

STAR 447.05 438.57 430.08 458.27 469.48 449.78 504.2 DOWN

SUNPHARMA 493.85 472.45 451.05 517.3 540.75 495.9 555.29 DOWN

SUNTV 611.8 602.13 592.47 617.43 623.07 607.77 803.82 DOWN

SUZLON 5.6 5.43 5.27 5.73 5.87 5.57 8.69 DOWN

SYNDIBANK 35.5 35.08 34.67 35.78 36.07 35.37 45.86 DOWN

TATACHEM 709.05 695.8 682.55 722.55 736.05 709.3 707.29 UP

TATACOMM 533.25 526.43 519.62 538.63 544.02 531.82 578.25 DOWN

TATAELXSI 1002.1 993.25 984.4 1013.1 1024.1 1004.25 1180.76 DOWN

TATAGLOBAL 217.75 214.52 211.28 220.47 223.18 217.23 252.38 DOWN

TATAMOTORS 180.05 177.55 175.05 183.55 187.05 181.05 282.28 DOWN

TATAMTRDVR 98.1 96.85 95.6 99.55 101 98.3 158.73 DOWN

TATAPOWER 75.65 74.7 73.75 76.4 77.15 75.45 77.04 DOWN

TATASTEEL 522.3 513.23 504.17 530.63 538.97 521.57 587.35 DOWN

TCS 1890.25 1851.1 1811.95 1913.65 1937.05 1874.5 1803.89 UP

TECHM 694.15 683.37 672.58 706.62 719.08 695.83 675.32 UP

TITAN 914.3 907.53 900.77 919.53 924.77 912.77 876.71 UP

TV18BRDCST 34.8 34.47 34.13 35.22 35.63 34.88 51.2 DOWN

TVSMOTOR 542.6 534.03 525.47 548.28 553.97 539.72 587.58 DOWN

UBL 1265 1249.5 1234 1289.1 1313.2 1273.6 1173.45 UP

UJJIVAN 220.45 215.57 210.68 224.87 229.28 219.98 341.76 DOWN

ULTRACEMCO 4005 3960.5 3916 4039.25 4073.5 3994.75 3966.32 UP

UNIONBANK 81.7 80.1 78.5 83 84.3 81.4 87.92 DOWN

UPL 768.55 757.07 745.58 776.97 785.38 765.48 686.57 UP

VEDL 195 190.23 185.47 199.73 204.47 194.97 251.68 DOWN

VOLTAS 545.35 538.87 532.38 554.87 564.38 548.38 573.97 DOWN

WIPRO 312.05 307.93 303.82 319.23 326.42 315.12 291.28 UP

WOCKPHARMA 522.3 513.63 504.97 529.73 537.17 521.07 657 DOWN

YESBANK 182.65 177.4 172.15 190.85 199.05 185.6 311.29 DOWN

ZEEL 459.3 453.77 448.23 463.92 468.53 458.38 527.08 DOWN



Comfort ‘Forecast and Analysis’

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

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

Forecast and Analysis

Instrument TRADING STRATEGYLTP S1 S2 R1 R2 Bias


MCX GOLD

MCX SILVER

MCX CRUDE OIL

MCX COPPER

MCX NATURAL GAS

USD-INR

Forecast and Analysis …Direction at a glance



Gold price traded sluggish in yesterday's trade. Key suppport seen at 30201 mark. Interweek strategy: Establish long positions only above 30901, targeting 31457 mark and then aggressive targets at 31901 with stop at 30001.

Silver prices traded sluggish in yesterday's trade. Interweek strategy: Establish short positions at CMP, targeting 35211 mark and then aggressive targets at 34251-34401 zone with stop at 37101.

Crude-oil prices were seen drifting down in yesterday's trade. Confirmation of strength only above 4001. Interweek strategy: Aggressive traders can look to establish long positions above 3811, targeting 4000 and then 4535 zone with stop at 3501.

Copper prices were seen trading range bound in yesterday's trade. Strength seen only above 442.50. Interweek strategy: Establish short positions between 437-442.50 zone, targeting 421 mark and then at 411-415 zone. Stop above 443.

Natural Gas prices traded with positive bias in yesterday's trade. Interweek strategy: Establish long positions only between 289-291 zone, targeting 312 and then aggressive targets at 321-327.50 zone with stop at 281.

USD/INR at oversold zone. Support now seen at 70. Technically, oversold conditions prevail. Buying advised only above 71.45.

30374 30201 30000 30901 31901 Neutral

35762 35211 34251 37001 38381 Neutral

3609 3501 3277 3811 4535 Neutral

426 421 411 443 461 Neutral

298.00 289.00 275.00 312.00 335.00 Neutral

70.77 70.00 69.05 71.45 75.00 Positive

MCX Crude oil prices turn lower on demand concerns. Strength now only above 3811.

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 mostly lower after Trump says ‘highly unlikely’ he would hold off on raising China tariffs

Gold prices were seen trading range bound in yesterday's trade. Hurdles now seen at 1245. Confirmation of major strength only above 1245. Interweek Strategy: Buy only above 1231, targeting 1245 and then at 1261-1265 zone with stop below 1209.

Silver prices were trading with negative bias in yesterday's trade. Hurdles now seen at 15.05. Confirmation of major strength only above 15.45. Interweek Strategy: Sell at CMP, targeting 13.75 zone and then at 13.05 with stop above 15.11.

Crude-oil prices were seen drifting down in yesterday's trade. Confirmation of strength only above 55. Inerweek strategy: Establish long positions above 55, targeting 57.50 zone and then 60-61 zone with stop at 48.45.

EUR/USD was seen trading with negative bias in yesterday's trade. We have a negative bias on EUR/USD. Major weakness seen only below 1.1201. Selling on strength should be preferred strategy.

We have positive bias for US Dollar Index. Hurdles at 99. Aggressive upside targets seen at 101. Downside well supported at 95. Major weakness now only below 92.50.

Wall Street mostly lower after remarks from President Donald Trump stoked fresh anxieties about the prospects of a near-term resolution of trade tensions between the U.S. and China. Negative bias to continue.

1218 1211 1191 1231 1245 Neutral

14.20 13.75 13.05 15.05 16.09 Neutral

50.65 49 45 55 61 Neutral

1.1291 1.1201 1.1100 1.1505 1.1777 Negative

97.44 95.00 92.50 99.00 101.00 Positive

24597 24221 23751 25901 27201 Negative


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

137.3 136.38 135.47 137.83 138.37 145.98 140.35 DOWN

1512.7 1495.17 1477.63 1525.07 1537.43 1152.87 1450.5 DOWN

5540 5438.67 5337.33 5676.67 5813.33 4484.8 6130 UP

4659 4601.33 4543.67 4748.33 4837.67 3873.52 4333 DOWN

430.45 427.8 425.15 433.45 436.45 444.54 443.85 UP

21560 21426.67 21293.33 21676.67 21793.33 21878.55 22220 DOWN

3678 3611.33 3544.67 3728.33 3778.67 4624.29 3946 UP

30547 30441 30335 30657 30767 30729.33 30972.5 DOWN

8771 8655.33 8539.67 9002.33 9233.67 8981.21 9830 DOWN

4283 4223.67 4164.33 4401.67 4520.33 4196.69 4669 DOWN

19380 19253.33 19126.67 19493.33 19606.67 17522.02 19480 DOWN

136.6 135.25 133.9 137.8 139 152.92 134.98 DOWN

1668.4 1648.3 1628.2 1685.7 1703 1488.45 1757.7 UP

301.1 286.9 272.7 310.9 320.7 205.31 254.1 UP

765.8 756.03 746.27 771.43 777.07 924.65 798.1 UP

4048 4021 3994 4095 4142 4052.84 4206 DOWN

36024 35868 35712 36312 36600 38599.45 37332 DOWN

3050 3050 3050 3050 3050 3614.83 3015 DOWN

3363 3318 3273 3419 3475 3512.34 3632 UP

179.85 177.17 174.48 182.62 185.38 197.14 193.6 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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Documents

Comfort Securities Limited Daily Research Reports big picture of Dalal Street Good Morning & Welcome to Wednesday's trading action at Dalal Street, dated 28th of November 2018. This