Comfort Securities Limited Daily Research Reports (Daily-Reports... · SRF's stock price was seen attempting a rebound in yesterday’s trade, up 1.38%. The stock is signaling a major

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

You will enjoy all the comforts of financial world when you alight with us.

Comfort

Flows From

WISDOM…

Welcome to

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

have in a one-one discussion.

We are pleased to inform you that this report features contributions from the finest analytical minds in the business and

are distinguished by our proactive consulting approach, timely advice, and specific recommendations. We take

satisfaction in seeing clients realize their dreams.

The Comfort Securities team would like to take this opportunity to thank our readers for their support and feedback over

the years. We hope you enjoyed reading this daily newsletter. Above all, we wish that this experience is both

professionally and personally rewarding.

If you have any queries please do contact me or any member of Comfort Securities Ltd. team and we would be glad to

assist.

Best Regards,

Comfort Securities Ltd.Call Us: Tel: 91-22-28811259

Comfort Securities Ltd.

Comfort Securities Limited

Enjoy Your Comfort Zone.

Invest Smart. Build Wealth.

Welcome Note

Friday26th 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 Friday's trading action at Dalal Street, dated 26th

of October 2018.

This morning, the SGX Nifty is indicating a positive open for our stock markets and that's in

line with our call of the day which suggests Dalal Street will make a serious attempt to

claw back from its recent rout.

Perma-bulls' camp would be sincerely praying that early morning strength is just the start

of all the positive things at Dalal Street.

The big question: Should the buy-and-hold crowd keep hope and the faith for

sizeable rebound?

Honestly speaking, it's difficult to answer as the sentiment has been darker recently, but

having said that it appears Dalal Street will most likely end a torrid week on a positive note.

The few catalysts in favor of bulls:

1. Steady oil prices: Crude-oil prices set for a monthly loss of more than 8%

2. Wall Stages a comeback. The Nasdaq Composite Index registered its biggest

increase since March while the Dow Jones Industrial Average surged 400 points,

after tumbling 600 points Wednesday.

3. U.S Treasury yields steady. The yield on the 10-year Treasury note was at

3.136% which marked the lowest level for the debt since Oct. 2, 2018. It's good to

see much of bond-buying have appeared to ease on Thursday indicating equities

will be the preferred asset class.

4. Extremely oversold technical conditions for our benchmark indices.

Bottom-line: Well, this could be just the start of bull run provided there is a resolution of

the trade standoff between the U.S and China.

Long story short: Make hay while the sun shines.

Outlook for Friday: Positive session likely.

Judging by early action at SGX Nifty, a positive open on cards for our stock markets. The

bulls camp will continue to pin hopes on extreme oversold conditions as that could act as

key catalyst providing impetus to move higher. From perma-bulls perspective, Nifty needs

to hang onto the psychological 10,000 for both price and momentum to stay intact.

So traders could look forward to buy any sharp declines and for a guy with investment

mindset, it’s still time to keep low profile.

STOCKS TO WATCH:

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

FINSERV, SRF and VOLTAS with interweek perspective.

• Bullish stocks: BAJAJ FINSERV, SRF, VOLTAS, BAJAJ FINSERVE, ARVIND,

DABUR, HAVELLS, PFC, REC.

• Bearish stocks: SBI, STRIDES SHASHUN, TORRENT POWER, YES BANK, BAJAJ

AUTO, DR REDDYS LAB, ADANI PORTS, RCOM.

• Show Me the Money: Buy Bajaj Finserv (5368):Oversold conditions prevail.

Interweek Strategy: Buy between 5275-5301 zone, targeting 5601 and then at

5799-5819 zone with stop below 5111.

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

• Prominent firms announcing Q2 today are:

10125 -0.98%

24817 -0.98%

8581 -0.96%

28414 -0.76%

2852 -1.33%

14071 0.15%

2367 -2.37%

4462 -0.44%

3307 -1.23%

9143 -2.05%

206 -2.02%

5784 -1.29%

33690 -1.01%

10221 0.37%

Buy on dips.

Neutral (10071-10221)

Neutral (9750-10811)

Neutral (11501)

10071 & 9921

10321 & 10487

10775



Technical Strategy


•

NESTLEIND UPL

GLOBAL CUES:

• Wall Street rebounded in Thursday's trade with the Dow rising more than 400

points, as investors celebrated a series of strong results from tech giants including

Microsoft and Twitter, as well as auto makers Ford and Tesla.

But at the time of writing Dow futures were trading down 96 points at at

24786 on backdrop of Amazon, which was seen slipping after third-quarter sales

disappointed and its forecast for sales and operating income fell short. As for

Google, profits exceeded analyst expectations while revenue and ad revenue,

jumped from the year-ago period.

FII/DII & OPTIONS DATA:

• As per Thursday’s provisional data available on the NSE, FII’s sold shares worth Rs.

1495.71 crores in the Indian Equity Market. DIIs on the other hand bought shares

worth Rs. 339.60 crores in the Indian Equity market.

• As per option data, key resistance level for the October series for Nifty are at 10,200

strike price as maximum call open interest of 32.44 lakh contracts were seen at the

10,200 strike price. Key support level for the October series is at 10,000 as

Maximum Put open interest of 45 lakh contracts was seen at the 10,000 strike price.

COMMODITY CUES:

• Brent crude oil prices were steady in yesterday's trade as uncertainty on US-China

resolution underscores concerns about economic growth.

The U.S. sanctions on the oil sector in Iran, the third-largest producer in the

Organization of the Petroleum Exporting Countries (OPEC), are set to start on Nov.

4. The United States under President Donald Trump is trying to reduce Iranian oil

exports to zero to force the country to renegotiate an agreement on its nuclear

program.

• Gold prices were seen trading with positive bias in Thursday's trade. Key medium

term support seen at 31201 mark. Interweek strategy: Establish long positions

between 31501-31601 zone, targeting 32451 mark and then aggressive targets at

32851-32901 with stop at 31101..

• Copper prices were seen trading range bound in yesterday's trade with slight

negative bias. Interweek strategy: Establish long positions between 443-447.50

zone, targeting 465 mark and then at 479 with stop at 431.

MACRO WATCH:

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

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

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.

• 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 Federal Reserve remains on its gradual rate-hike path.

Friday: AAVAS, BEL, CAPF, DRREDDY, EDELWEISS, ICICIBANK ITC MAHLIFE

SRF's stock price was seen attempting a rebound

in yesterday’s trade, up 1.38%.

The stock is signaling a major rebound from an

oversold terrain on the daily charts.

The stock is in bullish position where it wants to

ascent towards its intermediate resistance at

1801 zone.

The stock price is signaling a rebound on the

upside from a lower consolidation zone on the

daily charts. The momentum oscillators are likely

to shift on buy side only on any move above 1801

and such upmove needs to be backed by

increases in volumes.

Key support to watch in near term is at 1601-1609

zone. Intraday supports seen at 1691-1701 zone.

Establish buy positions at CMP, as the stock is

likely to run towards 1801 mark and then

aggressive long term targets are placed at

1871+. Place stops below 1689.

SRF

Action

Target

Support

Resistance

Holding Period

1740.6

BUY

1801

1691/1601

1801/1871

9 Days.




CURRENCIES & BONDS:

• In Thursday's trade, the Indian rupee traded at 73.28. Key support now at 71.75. Intermonth strategy: Buy between 72-72.50 zone,

targeting 75 and then aggressive targets at 77 with strict stop below 71.45.

What Technical Tells Us on Nifty:

On the heels of a broad based sell-off in Asia and on backdrop of Wednesday's nervousness at Wall Street, the benchmark Nifty traded with

negative bias in yesterday's trade, down 0.81%. The Sensex slipped below the psychological 34,000 level. Amongst stocks, HDFC, Reliance

Industries and HDFC Bank were the key laggards.

The BSE Mid-Cap index fell 0.58%. The BSE Small-Cap index fell 0.98%. The market breadth, indicating the overall health of the market, was weak.

Weighing on sentiments were the continuing uncertainty over global trade and the Middle Eastern situation. Unsettling investors were also the

Federal Reserve’s rate-hike path.

Technically speaking, key support for the day on Nifty is at 10,071 mark. The technical landscape will worsen further if Nifty closes below

the 10,071 mark as that would open the door to massive technical selling, possibly quickly towards the 9750-9900 zone.

The intraday bias is negative and selling on any excessive intraday strength should be the preferred strategy.

The make or break hurdles are at 10,775 mark. Intraday hurdles at 10,321 mark.

The price action for Nifty is suggesting that we are likely to see an 9950 -10,511 range in near term with neutral bias.

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

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

Preferred trade on Nifty: Nifty (10125): Sell on any excessive strength between 10221-10251 zone, targeting 10071 zone and then aggressive

targets at 9945-9975 zone with stop at 10451.

Preferred trade on Bank Nifty: Nifty (24817): Sell between 25150-25300 zone, targeting 24200 zone and then aggressive targets at 23750

zone with stop at 25851.

Daily Chart of Nifty:



Comfort stock of the day


When we want to see what's happening far off, we will reach for the binoculars. The binocular helps us to steer out of danger and also accurately spots our targets.

When it comes to trading / investing, that's exactly how Stock Of The Day: (F & O) introduces to the momentum stocks from the list of Future & Option segment, defining their support and resistance levels, and attempts to forecast their movement with a short /medium term perspective.


R2STOCKS LTP S1 S2 R1 TRADING STRATEGYBIAS


Invest Smart. Build Wealth. www.comfortsecurities.co.in


Oversold conditions prevail. Interweek Strategy: Buy between 5275-5301 zone, targeting 5601 and then at 5799-5819 zone with stop below 5111.

KPIT enjoyed a strong session in yesterday's session, up 1.47%. Key intraday support seen at 201. Interweek Strategy: Buy between 205-207.50 zone, targeting 221 and then aggressive targets at 241-245 zone. Stop below 200.45.

The interweek risk is on the upside with immediate targets at 1067.50. Momentum oscillators signaling strength. Interweek Strategy: Buy between 987-991 zone, targeting 1021 and then at 1055-1067.50 zone with stop below 969.

JSW STEEL is signaling a major rebound from an oversold zone on the daily charts. Key support seen at 342 zone. Key hurdles seen at 371. Interweek Strategy: Buy at CMP, targeting 371 and then at 389-395 zone. Stop below 341.05.

Momentum osillators continue to signal strength. Volats is aiming to move above its lower consolidation zone on the daily charts. Interweek Strategy: Buy on early dips between 517.50-519 zone, targeting 537 and then more aggressive targets located at 561-575 zone. Stop below 503.

HCL TECH is aiming a major rebound. Establish long positions only on any early dips.

BAJAJ FINSERVE

HAVELLS

HCL TECH

JSW STEEL

VOLTAS

5368 5261 5111 5601 5819 Positive

210.55 201 195 221 245 Positive

1004.85 975 941 1021 1067.5 Positive

353.4 342 326.5 371 395 Positive

526.7 517.5 505 537 575 Positive



EQUITY DERIVATIVESLooking into the future from present.

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

Nifty Spot

Bank Nifty Future

VIX

Premium

Nifty Future OI

Bank Nifty Spot OI

BSE Cash Vol. (Rs. in Cr)

NSE Cash Vol.(Rs. in Cr)

NSE Derivative Vol. (Rs. in Cr)

Index Future Volumes

Stock Future Volumes

Index Option Volumes

Stock Option Volumes

Total

Cash Volumes (INR in Cr.)

YesterdayDay Before Yesterday

Derivatives Vol.(INR in Cr.)

No of contracts

Turnover (Rs. In cr.)

Major Changes in Nifty Options (OI)

Market Summary:

The benchmark Nifty ended October expiry on a negative note and most importantly

the rout started since the beginning of the month, down 840 points at 10124.90.

This time, barring IT Index, all other sectors ended in red. The Nifty November

futures traded at a premium of 66 rupees against 60 rupees.

Amongst Broader Indices, the BSE Midcap Index was down 0.58%. The BSE

Smallcap Index was down 0.98%. Both the Indices outperformed the Sensex.

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

Index (down 1.79%), BSE Healthcare Index (down 1.59%), BSE Metal Index (down

1.14%).

Amongst stock specific action, positive bias was seen in stocks like BAJAJ FINANCE

(up 11.97%), BHARTI AIRTEL (up 8.97%), HINDPETRO (up 6.08%)

Among stocks drifting down were: BHARTI AIRTEL (down 6.28%), IBHSGFIN

(down 5.63%), UPL (down 3.89%)

Maximum Call Open Interest (OI) stands at 11000 Strike Price, followed by 10800

Strike Price for November Series. Some call writing was seen at strike prices 10100-

10800 for November series.

Maximum Put Open Interest (OI) was seen at strike price 10000 followed by 10200

strike price for November series. Short covering in Puts was seen at strike prices

9800-10300 for November series.

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

1495.71 crores in the Indian Equity Market. DIIs on the other hand bought shares

worth Rs. 339.60 crores in the Indian Equity market.

Highest OI Nifty: Calls 11000: 19.90 L - Puts 10000: 30.70

Highest OI Bank Nifty: Calls 25500: 3.54 L - Puts 26500: 6.44 L

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

Long Buildup: COAL INDIA, MCDOWELL, HCLTECH, BAJFIN, BATAINDIA.

Short Buildup: SBIN, YESBANK, BANK OF BARODA, ASHOKLEY, RELIANCE.

Short Covering: JET AIRWAYS, VOLTAS, DIVIS, KAJARIA, MGL.

Long Unwinding: DABUR, GAIL, L&T.

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

New In Ban: NIL.

Out of Ban: ADANI ENT, DHFL.

Future Call: BUY BATA INDIA NOVEMBER FUTURES at CMP

925.75. Targets at 938 and then at 948. Stop: 911. Holding Period:

Intraday. Analyst’s Remark: Rebound Play (Bata India November

Futures CMP 925.75).

Option Call: BUY VOLTAS CE strike price 530 at CMP 16.40. Profit:

Unlimited. Maximum Loss: Rs. 16,400/-. Stop: Exit Call option if

Voltas moves below 494. (Voltas November Futures CMP 510.30).

10124.90 (-0.98%)

24817.45 (-0.98%)

18.9625 (+0.44%)

+66 vs +60

2.14 crores (+28.15%)

16.62 lakhs (+67.84%)

2529.7 2949.77

40814.37 33493.55

1872795 1333824

544481 45190

2314574 134710

17907793 1623443

1049365 69452

21816213 1872795

Calls in lakhs (% Change)

10600 11.98 (+47%)

10900 9.74 (+72%)

11000 19.9 (+32%)

Puts in lakhs (% Change)

9900 8.27 (+23%)

10100 8.78 (+58%)

10500 8.69 (+19%)


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 10124.9 10080.6 10036.3 10167.9 10210.9 10123.6 10773 DOWN

BANKNIFTY 24817.45 24683.75 24550.05 24964.25 25111.05 24830.55 26075.63 DOWN

NIFTYMID50 4462.35 4416.65 4370.95 4501.65 4540.95 4455.95 5073.76 DOWN

UP

ACC 1367.6 1356.9 1346.2 1379.1 1390.6 1368.4 1524.59 DOWN

ADANIENT 172.1 164.27 156.43 177.17 182.23 169.33 130.89 UP

ADANIPORTS 305.6 298.57 291.53 312.77 319.93 305.73 381.4 DOWN

AJANTPHARM 995.45 976.97 958.48 1016.97 1038.48 998.48 1211.43 DOWN

ALBK 37.15 36.53 35.92 37.73 38.32 37.12 47.47 DOWN

AMARAJABAT 772.3 739.88 707.47 793.83 815.37 761.42 804.86 DOWN

ANDHRABANK 25.8 25.67 25.53 25.97 26.13 25.83 38.15 DOWN

APOLLOTYRE 207.05 201.22 195.38 210.87 214.68 205.03 263.73 DOWN

ARVIND 319.25 315.02 310.78 323.12 326.98 318.88 398.8 DOWN

ASHOKLEY 112.85 111.07 109.28 115.02 117.18 113.23 134.11 DOWN

ASIANPAINT 1200.05 1180.38 1160.72 1214.33 1228.62 1194.67 1247.6 DOWN

AUROPHARMA 720.95 711.77 702.58 736.07 751.18 726.88 635.54 UP

AXISBANK 561.05 554.1 547.15 566.35 571.65 559.4 556.78 UP

BAJAJ-AUTO 2477.55 2432.13 2386.72 2510.83 2544.12 2465.42 2876.69 DOWN

BAJAJFINSV 5367.65 5262.58 5157.52 5467.38 5567.12 5362.32 5759.65 DOWN

BAJFINANCE 2335 2278.53 2222.07 2369.73 2404.47 2313.27 2130.39 UP

BALKRISIND 1022 1000.43 978.87 1045.28 1068.57 1023.72 1155.29 DOWN

BALRAMCHIN 97.65 95.15 92.65 99.8 101.95 97.3 84.8 UP

BANKBARODA 98.45 96.63 94.82 101.53 104.62 99.72 136.92 DOWN

BANKINDIA 74.9 73.2 71.5 76.6 78.3 74.9 105.6 DOWN

BATAINDIA 923.15 880.45 837.75 948.9 974.65 906.2 826.79 UP

BEL 83.35 81.83 80.32 85.03 86.72 83.52 125.54 DOWN

BEML 543.25 535 526.75 557 570.75 548.75 989.13 DOWN

BERGEPAINT 290.95 277.97 264.98 299.97 308.98 286.98 281.14 UP

BHARATFIN 904.6 884.88 865.17 925.43 946.27 905.72 1108.13 DOWN

BHARATFORG 546.7 540.58 534.47 553.28 559.87 547.17 677.44 DOWN

BHARTIARTL 295.55 288.33 281.12 306.58 317.62 299.37 389.77 DOWN

BHEL 70.25 67.5 64.75 74.75 79.25 72 81.72 DOWN

BIOCON 618.3 603.43 588.57 641.73 665.17 626.87 614.48 UP

BPCL 277 273.37 269.73 281.47 285.93 277.83 401.42 DOWN

BRITANNIA 5309.3 5240.33 5171.37 5393.93 5478.57 5324.97 5583.92 DOWN

CANBK 211.65 208.18 204.72 214.93 218.22 211.47 272.8 DOWN

CANFINHOME 256.95 245.77 234.58 263.77 270.58 252.58 387.53 DOWN

CAPF 462.1 456.55 451 471.2 480.3 465.65 605.2 DOWN

CASTROLIND 146.9 142.37 137.83 150.17 153.43 145.63 175.57 DOWN

CEATLTD 1016 997.02 978.03 1036.47 1056.93 1017.48 1454.21 DOWN

CENTURYTEX 776.8 755.03 733.27 794.03 811.27 772.27 1051.47 DOWN

CESC 834.3 814.27 794.23 865.42 896.53 845.38 981.36 DOWN

CGPOWER 36 35.22 34.43 36.57 37.13 35.78 68.98 DOWN

CHENNPETRO 258 254.12 250.23 263.77 269.53 259.88 322.9 DOWN

CHOLAFIN 1180 1151.7 1123.4 1202.7 1225.4 1174.4 1440.5 DOWN

CIPLA 609 601.43 593.87 620.28 631.57 612.72 604.22 UP

COALINDIA 282.2 276.22 270.23 286.07 289.93 280.08 282.05 UP

COLPAL 1112.2 1099.6 1087 1124.75 1137.3 1112.15 1125.49 DOWN

CONCOR 550.15 541.43 532.72 559.43 568.72 550.72 651.14 DOWN

CUMMINSIND 674.6 664.93 655.27 684.13 693.67 674.47 744.39 DOWN

DABUR 398.55 394.5 390.45 404.1 409.65 400.05 381.72 UP

DALMIABHA 2114.4 2025.42 1936.43 2171.67 2228.93 2082.68 2658.28 DOWN

DCBBANK 160.3 155.98 151.67 163.63 166.97 159.32 173 DOWN

DHFL 183.85 177.3 170.75 189.2 194.55 182.65 557.79 DOWN

DISHTV 36.95 33.27 29.58 43.27 49.58 39.58 70.09 DOWN

DIVISLAB 1253 1230.47 1207.93 1270.27 1287.53 1247.73 1140.8 UP

DLF 154.95 151.43 147.92 157.88 160.82 154.37 206.54 DOWN

DRREDDY 2390.5 2365.35 2340.2 2430.3 2470.1 2405.15 2253.11 UP

EICHERMOT 22092.2 21852.37 21612.53 22379.67 22667.13 22139.83 28101.73 DOWN

ENGINERSIN 112.25 111.12 109.98 114.07 115.88 112.93 144.57 DOWN

EQUITAS 128.25 123.53 118.82 130.93 133.62 126.22 145.88 DOWN

ESCORTS 569.95 560.67 551.38 582.52 595.08 573.23 845.53 DOWN

EXIDEIND 255.5 249.9 244.3 260.55 265.6 254.95 248.31 UP

FEDERALBNK 80.65 79.38 78.12 81.83 83.02 80.57 88.61 DOWN

FORTIS 129.85 128.13 126.42 131.73 133.62 130.02 144.26 DOWN

GAIL 339.75 335.5 331.25 344.5 349.25 340.25 350.11 DOWN

GLENMARK 612.6 600.93 589.27 623.58 634.57 611.92 581.71 UP

GMRINFRA 15.65 15.33 15.02 16.13 16.62 15.82 18.4 DOWN

GODREJCP 701.75 682.33 662.92 725.98 750.22 706.57 797.47 DOWN

GODREJIND 449 437.35 425.7 457.8 466.6 446.15 578.01 DOWN

GRANULES 91.85 90.28 88.72 94.33 96.82 92.77 104.89 DOWN

GRASIM 784.7 775.67 766.63 797.07 809.43 788.03 1055.9 DOWN

GSFC 93.4 92.2 91 95.15 96.9 93.95 119.84 DOWN

HAVELLS 599.3 590.95 582.6 607.8 616.3 599.45 569.35 UP

HCC 11.85 11.57 11.28 12.07 12.28 11.78 20.86 DOWN

HCLTECH 1004.85 978.08 951.32 1021.53 1038.22 994.77 974.14 UP

HDFC 1694.45 1673 1651.55 1727.95 1761.45 1706.5 1856.79 DOWN

HDFCBANK 1968.8 1952.97 1937.13 1994.12 2019.43 1978.28 1994.35 DOWN

HDIL 18.8 18.52 18.23 19.12 19.43 18.83 34.2 DOWN

HEROMOTOCO 2695.1 2657.07 2619.03 2724.07 2753.03 2686.03 3450.31 DOWN

HEXAWARE 331.6 319.5 307.4 340.75 349.9 328.65 416.59 DOWN

HINDALCO 222.35 218.5 214.65 227.1 231.85 223.25 234.04 DOWN

HINDPETRO 226.4 221.67 216.93 233.67 240.93 228.93 310.9 DOWN

HINDUNILVR 1571.55 1552.22 1532.88 1591.32 1611.08 1571.98 1525.04 UP

HINDZINC 278.55 274.9 271.25 282.4 286.25 278.75 297.54 DOWN

IBREALEST 73.65 72.65 71.65 75.65 77.65 74.65 173.81 DOWN

IBULHSGFIN 689.1 671.5 653.9 718.35 747.6 700.75 1203.97 DOWN

ICICIBANK 319.95 313.82 307.68 324.07 328.18 317.93 305.08 UP

ICICIPRULI 317.7 315.03 312.37 320.43 323.17 317.77 391.15 DOWN

ICIL 66.55 65.63 64.72 67.83 69.12 66.92 85.64 DOWN

IDBI 58.9 58.55 58.2 59.3 59.7 58.95 62.98 DOWN

IDEA 37.25 35.08 32.92 38.83 40.42 36.67 64.85 DOWN

IDFC 35.3 34.78 34.27 36.13 36.97 35.62 50.18 DOWN

IDFCBANK 34.05 33.52 32.98 34.97 35.88 34.43 45.69 DOWN

IFCI 12.75 12.58 12.42 12.93 13.12 12.77 19.1 DOWN

IGL 254.1 248.43 242.77 257.98 261.87 252.32 280.45 DOWN

INDIACEM 81.65 80.58 79.52 83.28 84.92 82.22 132.49 DOWN

INDIANB 218.35 213.25 208.15 222.8 227.25 217.7 321.42 DOWN

INDIGO 877.95 812.4 746.85 917.75 957.55 852.2 1142.22 DOWN

INDUSINDBK 1491.1 1470.17 1449.23 1517.47 1543.83 1496.53 1818.21 DOWN

INFIBEAM 30.8 28.42 26.03 34.97 39.13 32.58 159.46 DOWN

INFRATEL 265 259.77 254.53 270.47 275.93 265.23 310.54 DOWN

INFY 648.75 637.88 627.02 657.98 667.22 647.12 627.36 UP

IOC 140.1 136.42 132.73 142.67 145.23 138.98 168.5 DOWN

IRB 120.4 118.52 116.63 123.52 126.63 121.63 212.74 DOWN

ITC 287.55 284.87 282.18 289.87 292.18 287.18 278.63 UP

JETAIRWAYS 229.15 219.33 209.52 234.93 240.72 225.12 479 DOWN

JINDALSTEL 162.25 158.72 155.18 165.87 169.48 162.33 228.63 DOWN

JISLJALEQS 65 63.97 62.93 66.67 68.33 65.63 99.22 DOWN

JPASSOCIAT 6.1 5.98 5.87 6.28 6.47 6.17 15.73 DOWN

JSWENERGY 63.05 62.3 61.55 63.8 64.55 63.05 74.02 DOWN

JSWSTEEL 353.4 346.2 339 357.9 362.4 350.7 327.23 UP

JUBLFOOD 1074.1 1037.27 1000.43 1138.87 1203.63 1102.03 1241.77 DOWN

JUSTDIAL 447.75 436.33 424.92 462.08 476.42 450.67 508.8 DOWN

KOTAKBANK 1185.8 1169.13 1152.47 1198.33 1210.87 1181.67 1195.42 DOWN

KPIT 210.55 204.47 198.38 215.52 220.48 209.43 249.7 DOWN

KSCL 475.85 463.55 451.25 483.85 491.85 471.55 538.51 DOWN

KTKBANK 94.85 93.13 91.42 96.58 98.32 94.87 121.32 DOWN

L&TFH 117.2 111.17 105.13 122.72 128.23 116.68 162.62 DOWN

LICHSGFIN 409.6 403.45 397.3 413.8 418 407.65 508.47 DOWN

LT 1201.55 1193.78 1186.02 1210.68 1219.82 1202.92 1318.93 DOWN

LUPIN 851.3 840.67 830.03 868.32 885.33 857.68 841.94 UP

M&M 733.75 723.67 713.58 744.17 754.58 734.08 839.26 DOWN

M&MFIN 403.45 393.53 383.62 415.03 426.62 405.12 463.31 DOWN

MANAPPURAM 72.7 70.57 68.43 74.27 75.83 72.13 104.48 DOWN

MARICO 297.55 292.6 287.65 305 312.45 300.05 328.66 DOWN

MARUTI 6723.2 6611.03 6498.87 6844.53 6965.87 6732.37 8803.35 DOWN

MCDOWELL-N 535.5 519.22 502.93 544.82 554.13 528.53 633.77 DOWN

MCX 701.35 655.92 610.48 787.87 874.38 742.43 785.97 DOWN

MGL 823.25 806.32 789.38 833.92 844.58 816.98 907.2 DOWN

MOTHERSUMI 231.9 225.3 218.7 240.75 249.6 234.15 315 DOWN

MRF 61362.5 60615 59867.5 62295 63227.5 61547.5 72599.3 DOWN

MRPL 83.25 82.03 80.82 84.18 85.12 82.97 97.99 DOWN

MUTHOOTFIN 388.95 382.4 375.85 395.1 401.25 388.55 411.66 DOWN

NATIONALUM 66.3 65.4 64.5 67.45 68.6 66.55 70.33 DOWN

NBCC 54.85 52.47 50.08 56.97 59.08 54.58 87.43 DOWN

NCC 65.7 64.82 63.93 67.17 68.63 66.28 107.9 DOWN

NMDC 105.7 103.65 101.6 108.7 111.7 106.65 118.91 DOWN

NTPC 162.3 158.08 153.87 165.73 169.17 161.52 165.15 DOWN

OFSS 3612.9 3544.53 3476.17 3690.63 3768.37 3622.27 4005.63 DOWN

ONGC 155.35 151.33 147.32 161.08 166.82 157.07 175.95 DOWN

ORIENTBANK 66.45 62.8 59.15 68.8 71.15 65.15 87.17 DOWN

PCJEWELLER 48.4 47.43 46.47 49.58 50.77 48.62 219.66 DOWN

PEL 1865.3 1825.2 1785.1 1925.2 1985.1 1885.1 2583.55 DOWN

PETRONET 212.25 208.43 204.62 215.53 218.82 211.72 228.76 DOWN

PFC 84.15 78.18 72.22 88.03 91.92 82.07 88.83 DOWN

PIDILITIND 933.6 922.02 910.43 946.87 960.13 935.28 1021.13 DOWN

PNB 65.65 64.87 64.08 66.57 67.48 65.78 98.11 DOWN

POWERGRID 191.3 187.95 184.6 193.4 195.5 190.05 195.26 DOWN

PTC 76.2 74.23 72.27 77.38 78.57 75.42 87.95 DOWN

PVR 1284.05 1240.57 1197.08 1313.27 1342.48 1269.78 1330.74 DOWN

RAMCOCEM 571.1 553.48 535.87 583.23 595.37 565.62 724.82 DOWN

RAYMOND 618.3 608.7 599.1 633.95 649.6 624.35 916.7 DOWN

RBLBANK 493.8 485.07 476.33 500.52 507.23 491.78 528.88 DOWN

RCOM 10.35 10.13 9.92 10.73 11.12 10.52 19.13 DOWN

RECLTD 107 105.05 103.1 109.45 111.9 107.5 121.82 DOWN

RELCAPITAL 233.35 229.67 225.98 238.02 242.68 234.33 418.6 DOWN

RELIANCE 1030.8 1017.92 1005.03 1042.17 1053.53 1029.28 1026.87 UP

RELINFRA 341.95 335.25 328.55 347.8 353.65 341.1 425.91 DOWN

REPCOHOME 340.75 332.62 324.48 346.57 352.38 338.43 565.28 DOWN

RPOWER 27.7 26.9 26.1 28.45 29.2 27.65 36.95 DOWN

SAIL 62.9 61.88 60.87 64.38 65.87 63.37 78.59 DOWN

SBIN 249.55 246.97 244.38 253.57 257.58 250.98 272.8 DOWN

SHREECEM 13530.15 13356.02 13181.88 13699.62 13869.08 13525.48 16865.66 DOWN

SIEMENS 878.8 863.08 847.37 894.03 909.27 878.32 1066.23 DOWN

SOUTHBANK 13.3 13.07 12.83 13.72 14.13 13.48 22.84 DOWN

SREINFRA 29.6 29.02 28.43 30.32 31.03 29.73 69.12 DOWN

SRF 1740.6 1703.07 1665.53 1766.57 1792.53 1729.03 1899.04 DOWN

SRTRANSFIN 1084.65 1040.78 996.92 1111.38 1138.12 1067.52 1362.53 DOWN

SUNPHARMA 558.75 549.75 540.75 570.1 581.45 561.1 558.36 UP

SUNTV 615.4 602.95 590.5 635.9 656.4 623.45 847.53 DOWN

SUZLON 6.05 5.92 5.78 6.17 6.28 6.03 9.68 DOWN

TATACHEM 666.5 652.9 639.3 680.8 695.1 667.2 712.6 DOWN

TATACOMM 449.85 443.02 436.18 457.92 465.98 451.08 592.91 DOWN

TATAELXSI 955.35 948.5 941.65 966.1 976.85 959.25 1184.35 DOWN

TATAGLOBAL 222.1 217.17 212.23 225.87 229.63 220.93 261.96 DOWN

TATAMOTORS 165.35 163.38 161.42 168.53 171.72 166.57 307.16 DOWN

TATAMTRDVR 91.3 90.28 89.27 92.83 94.37 91.82 173.73 DOWN

TATAPOWER 69 67.73 66.47 70.08 71.17 68.82 79 DOWN

TATASTEEL 545.75 540.3 534.85 550.9 556.05 545.45 604.32 DOWN

TCS 1853 1826.4 1799.8 1878.25 1903.5 1851.65 1758.75 UP

TECHM 651.4 644.92 638.43 662.02 672.63 655.53 660.68 DOWN

TITAN 791.25 780.7 770.15 798.9 806.55 788.35 878.27 DOWN

TV18BRDCST 36.65 36.1 35.55 37.25 37.85 36.7 53.79 DOWN

TVSMOTOR 519.15 511.58 504.02 531.13 543.12 523.57 607.13 DOWN

UBL 1163.75 1139.87 1115.98 1182.52 1201.28 1158.63 1160.36 UP

UJJIVAN 220 217.25 214.5 223.9 227.8 221.15 361.62 DOWN

ULTRACEMCO 3347.5 3286.92 3226.33 3398.67 3449.83 3338.08 4030.03 DOWN

UPL 599.45 590.38 581.32 613.53 627.62 604.47 692.41 DOWN

VEDL 204.6 200.93 197.27 208.93 213.27 205.27 265.3 DOWN

VGUARD 172.5 164.67 156.83 178.92 185.33 171.08 215.62 DOWN

VOLTAS 526.7 517.8 508.9 532.3 537.9 523.4 582.93 DOWN

WIPRO 318.55 301.98 285.42 329.13 339.72 312.57 290.55 UP

WOCKPHARMA 462.3 453.17 444.03 469.97 477.63 460.83 699.06 DOWN

YESBANK 198.35 193.07 187.78 205.57 212.78 200.28 326.25 DOWN

ZEEL 432.45 427.72 422.98 437.72 442.98 432.98 542.87 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 rangebound in yesterday's trade. Key medium term suppport seen at 31201 mark. Interweek strategy: Establish long positions between 31751-31801 zone, targeting 32451 mark and then aggressive targets at 32851-32901 with stop at 31501.

Silver prices traded subdued in yesterday's trade. Interweek strategy: Establish long positions between 38455-38501 zone, targeting 39651 mark and then aggressive targets at 39901-40000 zone with stop at 38251.

Crude-oil prices inched up in yesterday's trade. Confirmation of strength only above 5051. Interweek strategy: Establish long positions at CMP, targeting 5051 zone and then aggressive targets at 5369 with stop at 4721.

Copper prices were seen trading rangebound in yesterday's trade with slight negative bias. Interweek strategy: Establish long positions between 443-447.50 zone, targeting 465 mark and then at 479 with stop at 431.

Natural Gas prices inched up in yesterday's trade amidst value buying. 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 72-72.50 zone, targeting 75 and then aggressive targets at 77 with strict stop below 71.45.

31858 31501 31201 32451 32901 Neutral

38635 38455 37201 39650 40001 Neutral

4922 4775 4501 5051 5389 Neutral

447 443 425 459 479 Neutral

235.50 227.45 215.00 245.00 251.00 Positive

73.28 71.75 70.00 75.00 77.00 Positive

Crude-Oil prices hold gains as U.S. crude supplies rise a 5th week. Buying advised with stricty stop below 4721.

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 rebounds in yesterday's trade amidst value buying and short covering.

Gold prices were seen trading with positive bias in Thursday'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 with positive bias in Thursday's trade tracking gains in yellow metal. Hurdles now seen at 15.45. Confirmation of major strength only above 15.45.

Crude-oil prices witnessed value buying in yesterday's trade. Inerweek strategy: Establish long positions at CMP, targeting 70.50 zone and then 75-77.50 with stop at 65.

We have a negative bias on EUR/USD. Major weakness seen only below 1.1351. 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 rebounded in yesterday's trade amidst short covering. Dow faces major hurdles at 27200.

1232 1207 1189 1245 1261 Neutral

14.67 14.21 13.75 15.45 16.09 Neutral

67 65 62.5 70.5 75 Neutral

1.1371 1.1351 1.1100 1.1745 1.1900 Negative

96.64 94.45 92.50 97.50 99.00 Positive

24963 24445 23751 26001 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

146.05 145.23 144.42 146.98 147.92 145.89 150.6 DOWN

1423.5 1413.67 1403.83 1431.67 1439.83 1117.03 1387.1 DOWN

5384 5337.33 5290.67 5447.33 5510.67 4312.17 5134 UP

4013 3976.33 3939.67 4080.33 4147.67 3831.39 4294 UP

447.9 445.28 442.67 452.23 456.57 445.87 447.4 DOWN

23140 22953.33 22766.67 23303.33 23466.67 21639.1 22415 UP

4938 4868 4798 4993 5048 4589.13 5228 UP

31913 31789 31665 32033 32153 30592.09 31568 DOWN

10185 10074.67 9964.33 10272.67 10360.33 8939.79 9656 UP

4655 4623 4591 4696 4737 4158.59 4486 UP

19800 19706.67 19613.33 19956.67 20113.33 17502.02 19475 UP

146.35 145.23 144.12 147.53 148.72 155.74 143.1 UP

1778.1 1763.23 1748.37 1793.73 1809.37 1469.96 1685.4 UP

232.2 230 227.8 236 239.8 195.59 227.2 UP

892.1 883.63 875.17 907.93 923.77 926.27 963.9 UP

4217 4192.67 4168.33 4234.67 4252.33 4036.88 4118 DOWN

38836 38702.66 38569.33 39048.66 39261.33 38764.07 38153 UP

3050 3050 3050 3050 3050 3614.83 3015 UP

3263 3234.33 3205.67 3282.33 3301.67 3509.52 3139 UP

199 197.22 195.43 201.87 204.73 201.11 192.1 UP



DISCLAIMER: This is solely for information of clients of Comfort Securities Ltd. and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Comfort Securities Ltd. its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but Comfort Securities Ltd. or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information.

Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by Comfort Securities Ltd. in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Comfort Securities Ltd. has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Comfort Securities Ltd. makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment.

POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report)Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.

Enjoy Your Comfort Zone. Invest Smart. Build Wealth. www.comfortsecurities.co.in

Registered Office Mumbai:


A-301, Hetal Arch, S.V. Road,

Opp. Natraj Mkt., Malad (W),

Mumbai 400 064

Phone: 91-22-28811259,

28449765, 28825509

Fax: 91-22-28892527

Email: [email protected]

Comfort Securities

605, 6th Floor,

DDA2 Building,

New Delhi 110058,

Janakpuri District Center,

Janakpuri, Delhi, 110058

Phone: 011 4568 0560

Ltd. Comfort Securities

2nd Floor, Shop No S14,

T 14, Friends Tower,

Sanjay Place, Agra

Phone: 0562-4218950

Ltd.Comfort Securities

227-228, 2nd Floor,

Natraj Market,

S.V Road, Malad (W),

Mumbai 400 064

Phone:

(Natraj) 022-42733000

Ltd. Comfort Securities

Krishna Niwas,

Office No. 14, 2nd Floor,

Shahid Bhagat Singh Road,

Ballard Estate, Fort,

Mumbai 400001

Phone: 022-49091000

Ltd.

Documents

Comfort Securities Limited Daily Research Reports (Daily-Reports... · SRF's stock price was seen attempting a rebound in yesterday’s trade, up 1.38%. The stock is signaling a major