Comfort Securities Limited Daily Research Reports...Nifty Metal Index Nifty Pharma Index Nifty Reality Index Nifty Smallcap Index Sensex SGX Nifty ‘30,000 feet view’: The big picture

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Welcome Note

Friday27th July, 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 first trading day of August series and last

trading day of the week at Dalal Street, dated 27th July 2018.

The wait for Nifty’s fresh-all-time-high is finally over.

In a historic moment at Dalal Street, the benchmark Nifty scaled fresh-all-time high in

yesterday’s trade. Nifty now enters uncharted territory.

The big question: To buy or not to buy after Nifty’s record levels?

To start with, this morning, there is lots of positive momentum at Dalal Street.

Our call of the day suggests there are lots of encouraging bullish signals that are

likely to prompt investors to buy more equities in expectation of more future gains.

Bargain hunting, value buying and short covering could be the probable theme, as we

suspect the rally likely to be broad, and most importantly, a joyful rally most

likely.

Long story short: Make hay while the sun shines.

What Technical Tells Us on Nifty: Nifty ended Thursday’s session with modest

gains, up 0.32% at 11,167.30

The positive takeaway was that the market breadth, indicating the overall health of

the market, was strong. The BSE Mid-Cap index rose 0.76%, outperforming the

Sensex. The BSE Small-Cap index rose 0.31%, underperforming the Sensex.

Technically speaking, Nifty is now in uncharted territory, aggressive targets

in near term could be at 11,500 zone.

The must watch support levels are placed at 11091 & then at 11001. The technical

landscape will worsen only if Nifty slips below the 10,751 mark as that would open the

door to massive technical selling, possibly quickly to the 10,551-10,575 zone.

Amidst yesterday’s positive close, the bias on Nifty continues to be positive. Having

said that, aggressive buying advised only on any sharp corrective declines. For the

day, we believe, Nifty may most likely to trade with positive bias and the benchmark

most probably will aim to close above 11,201 mark.

Meanwhile, the price action for Nifty is suggesting that we are likely to see a 10,901-

11,375 range in near term with positive bias.

Outlook for Friday: Nifty likely to close at uncharted territory.

Judging by early action at SGX Nifty, it’s likely that the benchmark Nifty will have a

positive trading session. Nifty bulls are likely to just jump over the moon. Expect stock

specific action to command attention as many a mid-cap stocks likely to skyrocket.

Commanding attention in today’s trade will be Q1 of Reliance Industries

(RIL).

Global cues:

• In Thursday’s action at Wall Street, the Dow Jones index inched higher and was

seen bucking the trend while the Nasdaq ended lower, as Facebook shares

plunged after the social media giant warned of slowing growth in coming

quarters. Bias shifts to neutral..

11167 0.32%

27406 1.39%

10770 -0.37%

30036 0.24%

3120 0.36%

14468 -0.74%

2827 -0.84%

4933 0.86%

3235 -0.82%

8995 0.28%

266 0.79%

7319 0.61%

36985 0.34%

11252 0.26%

Positive session likely.

Positive (11091-11221)

Neutral (10551-11301)

Neutral (12001)

11091 & 11001

11251 & 11501

10751



Technical Strategy


Commodity Cues:

• In commodities, oil prices were trading firm with clear positive bias after Saudi

Arabia suspended crude shipments through a strategic Red Sea shipping lane

and as data showed U.S. inventories fell to a 3-1/2 year low.

• Gold futures traded firm after recent comments from President Donald Trump

on U.S. interest rates and the dollar that weighed heavily on greenback.

• Copper prices too were trading firm in Thursday’s trade, attempting to rebound

from its lowest level in a year.

Currencies & Bonds:

• In Thursday’s trade, the US Dollar index was seen consolidating after getting

pummeled in last Friday, after President Donald Trump accused China and the

European Union of currency and interest-rate manipulation that he says has put

the U.S. at a disadvantage.

• USD/INR was seen consolidating in Thursday’s trade. Key interweek support

seen at 68.45. Hurdles now seen at 69.11. Intraday Strategy: Sell between

68.81-68.87 zone, targeting 68.45 zone with stop ABOVE 69.21.

Macro Watch:

• 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.

• Today amongst macro data, the street will brace for the announcement of the

U.S GDP data for the second quarter. Recent US Federal Reserve minutes

highlighted that the US economy continued to look strong. Economists predict

GDP expanded at a 4.2 per cent annualised rate, compared with a 2 per cent

increase at the start of the year.

• The Monsoon session of Parliament began from July 18 and will end on August

10th 2018. The Agenda includes 11 legislative bills currently pending in

parliament for consideration and passing. Nine new bills are also proposed to

be introduced.

IPO Watch:

HDFC AMC’s Rs 2,800-Crore IPO Subscribed 5.52 times On Day 2.

Stocks To Watch:

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

like EXIDE Industries, APOLLO TYRES and BALKRISHNA

INDUSTRIES.

• Bullish stocks: DLF, DHFL, EXIDE, BALKRISHNA INDUSTRIES, UPL, CEAT,

YES BANK, HDFC, TCS, BERGER PAINTS, TATA ELXSI, BAJAJ FINANCE,

MARICO.

• Bearish stocks: BPCL, HPCL, MINDTREE, HEXAWARE.

• ITC Q1 profit rises 10.1% to Rs 2,819 crore versus Rs 2,560.5 crore; revenue

increases 7.6% to Rs 10,707 crore versus Rs 9,954.7 crore (YoY).

DHFL

Action

Target

Support

Resistance

Holding Period

622.75

BUY

651

601/583

651/687

45 Days.

In yesterday’s trade, DHFL was seen attempting a

major rebound, up 1.71%.

Technically, DHFL is trading at higher

consolidation zone and signaling a major

breakout on the daily charts.

A probable ‘flag pattern’ on the monthly charts.

The stock is still in consolidation mode and the

momentum oscillators will shift on buy mode on

any move above 651 and such up move needs to

be backed by increases in volumes.

Key support to watch in near term is at 601 zone.

Medium term supports seen at 583 zone.

Interweek perspective: Establish long

positions at CMP, and on declines to 605-611

zone, targeting 651 zone and then at 669-675

zone with strict stop at 601.



‘30,000 feet

view’: The big

picture of

Dalal Street


• Petronet LNG Q1 profit surges 34% to Rs 587 crore versus Rs 437.6 crore;

revenue jumps 42.5% to Rs 9,169.1 crore versus Rs 6,435.1 crore (YoY).

• Biocon’s Q1 profit zooms 47.2 percent to Rs 119.7 crore versus Rs 81.3 crore;

revenue increases 21.2 percent to Rs 1,123.8 crore versus Rs 927.4 crore

(YoY).

• Show Me the Money: Buy FEDERAL BANK (CMP 88.25): FEDERAL BANK is

aiming to move above its 7-day higher consolidation zone. Positive bias as long

as 80 support is held. Interweek Strategy: Buy between 83.50-85 zone,

targeting 91 and then more aggressive targets located at 97-101 zone. Stop

below 80.

Q1 TO TRICKLE IN:

• Friday: Reliance Industries, ICICI Bank, Bank of Baroda, Equitas

Holding, HCL Technologies, M&M Financial Services, Indian Overseas

Bank, Jubilant Life science, Shopper Stop, Westlife Development, Apcotex

Industries, Coromandel International, DIC India, Excel Crop, Gallantt Ispat,

Genus Power, Heritage Foods, IL&FS Transportation, IRB InvIT, Jayaswal Neco,

JSW Energy, KIC Metaliks, Kirloskar Brothers, Mafatlal Finance, Nagarjuna

Fertilizer, Phillips Carbon, Prestige Estate, RPG Life, Schneider Electric, TRF,

Welspun India.

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

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

It looks like the bulls are in total charge — according to momentum analysis. It’s most

likely that Nifty will trade above the magical 11,201 mark.

Preferred trade on Nifty: Nifty (11167): Buy between 11091-11111 zone,

targeting 11251 and then at 11391-11501 zone with stop at 10871.

Preferred trade on Bank Nifty: Bank Nifty (27406): Establish long positions

between 27150-27500 zone, targeting 27551 zone and then at 27851-28001 zone

with strict stop at 26751.

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


Momentum osillators continue to signal strength. Apollo Tyres is aiming to close above its all-time-high at 307 mark. Interweek Strategy: Buy between 277-281 zone, targeting 292.50 zone and then more aggressive targets located at 303-311 zone. Stop below 265.

Balkrishna Industries is signaling a major breakout from a a probable 'flag pattern' on monthly charts. Key support seen at 1187 zone. Key hurdles seen at 1281. Interweek Strategy: Buy between 1201-1211 zone, targeting 1281 and then at 1325-1351 zone. Stop below 1157.

The sequence of higher high/low still intact on daily, weekly and monthly charts. The interweek risk is on the upside with immediate targets at 275. Interweek Strategy: Buy between 267.50-269 zone, targeting 279 and then at 283-287.50 zone with stop below 263.45.

ESCORTS was seen consolidating in yesterday's trade. The sequence of higher high/low still intact on monthly charts. Interweek Strategy: Buy between 873-877 zone, targeting 901 and then more aggressive targets located at 915-925 zone. Stop below 853.

FEDERAL BANK is aiming to move above its 7-day higher consolidation zone. Positive bias as long as 80 support is held. Interweek Strategy: Buy between 83.50-85 zone, targeting 91 and then more aggressive targets located at 97-101 zone. Stop below 80.

Get ready for “bouyant August series”. Apollo Tyres & Balkrishna Industries are our preferred bets on buy side with intermonth perspective.

APOLLO TYRES

BALKRISHNA INDUSTRIES

EXIDE INDUSTRIES

ESCORTS

FEDERAL BANK

286.85 277.05 265 292.5 311 Positive

1226 1187 1110 1281 1351 Positive

273.6 267.5 257.5 279 287.5 Positive

889 873 827.5 911 925 Positive

88.25 85 80 91 101 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: Sensex surpassed 37,000 for the first time, while the benchmark Nifty reached all-time highs

on signs that the European Union’s top official struck a truce on trade issues with U.S.

President Donald Trump. The face-off between “U.S versus EU” was the key positive trigger driving optimism. Meanwhile, the positive takeaway from yesterday’s trade was that the market breadth,

indicating the overall health of the market, was positive. The BSE Mid-Cap index rose 0.76%,

outperforming the Sensex. The BSE Small-Cap index rose 0.31%, underperforming the

Sensex. Amongst stock specific action, Maruti Suzuki & Yes Bank fell 3.77% and 4.16% after

declaring their Q1 While Ambuja Cements jumped 6.83%. Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE PSU Index (up

2.01%), BSE Power Index (up 1.44%), BSE Bankex Index (up 1.43%)

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

(down 0.68%), BSE IT Index (down 0.68%), BSE Teck Index (down 0.56%).

Amongst stock specific action, positive bias was seen in stocks like SBIN (up 6.40%), Eicher

(3.71%), Powergrid (up 3.67%)

Among stocks drifting down were: Yes Bank (down 4.03%), Maruti (down 3.78%), IOC

(down 2.21%).

Maximum Call Open Interest (OI) stands at 11500 Strike Price, followed by 11200 Strike

Price for August Series. Fresh Call buying was seen at strike prices 11100-11600 for August

expiry.

Maximum Put Open Interest (OI) was seen at strike price 11000 followed by 10,500 strike

price for August series. Put writing was the theme at 10500-11200 strike prices for August

series. As per Thursday’s provisional data available on the NSE, Foreign institutional investors (FIIs)

bought shares worth Rs. 2453.57 crores. Domestic institutional investors sold shares worth

Rs. 2716.04 crores in the Indian equity market.

Highest OI Nifty: Calls 11500: 23.89 L - Puts 11000: 32.46 L

Highest OI Bank Nifty: Calls 27500: 7.62 L - Puts 26000: 5.75 L

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

Long Buildup: SBIN, DLF, HDFC BANK, IRB, MOTHERSON

Short Buildup: DISH TV, HINDPETRO, TVS MOTORS, HCLTECH.

Short Covering: ASHOK LEY, ICICI BANK, TATADVR, JPASSOCIATES.

Long Unwinding: JSW STEEL, INFY, EQUITAS, HINDZINC.

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

New In Ban: NIL.

Out of Ban: NIL.

Future Call: Buy MANAPPURAM AUGUST FUTURES at CMP 104.05.

Targets: 107.50 and then at 111. Stop: 98.45. Holding Period: 0-3

days. Analyst’s Remark: Weakening Momentum. (MANAPPURAM

August Futures CMP 104.05).

Option Call: Buy DLF AUGUST CE strike price 200 at CMP 6.25.

Maximum Loss: Rs. 15,625. Profit Unlimited. Stop: Hold Call Option

till August expiry. (DLF AUGUST Futures CMP 189.40).

11167.30 (+0.32%)

27406.40 (+1.39%)

12.0275 (-1.47%)

+43 vs +26

2.1 crores (+50.70%)

23.27 lakhs (+102.74%)

3553.76 3515.16

43977.3 32393.16

1781228 905673

451787 41471

2197270 148583

14803253 1497975

1255128 93200

18707438 1781228

Calls in lakhs (%Change)

11200 14.31 (+25%)

11300 13.46 (+50%)

11400 11.73 (+29%)

Puts in lakhs (% Change)

10900 18.18 (+57%)

11000 32.46 (+29%)

11100 15.5 (+95%)

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 11167.3 11133.38 11099.47 11193.53 11219.77 11159.62 10531.23 UP

BANKNIFTY 27406.4 27149.27 26892.13 27559.32 27712.23 27302.18 25650.18 UP

NIFTYMID50 4933.1 4902.73 4872.37 4953.93 4974.77 4923.57 5147.09 DOWN

ACC 1522.7 1481.13 1439.57 1554.13 1585.57 1512.57 1584.09 DOWN

ADANIENT 197.75 190.55 183.35 203.45 209.15 196.25 153.34 UP

ADANIPORTS 399.3 395.33 391.37 402.63 405.97 398.67 395.59 UP

AJANTPHARM 1043.6 1028.4 1013.2 1059.4 1075.2 1044.2 1264.01 DOWN

ALBK 44.4 43.02 41.63 45.47 46.53 44.08 57.87 DOWN

AMARAJABAT 792.7 778.52 764.33 807.32 821.93 793.13 793.58 DOWN

ANDHRABANK 32.7 31.97 31.23 33.22 33.73 32.48 47.34 DOWN

APOLLOTYRE 286.85 279.23 271.62 292.23 297.62 284.62 265.27 UP

ARVIND 431.85 426.43 421.02 437.98 444.12 432.57 414.33 UP

ASHOKLEY 112.05 110.7 109.35 113.2 114.35 111.85 133.5 DOWN

ASIANPAINT 1433.85 1418.12 1402.38 1453.72 1473.58 1437.98 1198.64 UP

AUROPHARMA 582.35 576.57 570.78 589.57 596.78 583.78 637.7 DOWN

AXISBANK 541.65 530.7 519.75 548.3 554.95 537.35 535.43 UP

BAJAJ-AUTO 2618.5 2593.35 2568.2 2655.3 2692.1 2630.15 3038.45 DOWN

BAJAJFINSV 7035.3 6961.8 6888.3 7098.4 7161.5 7024.9 5396.45 UP

BAJFINANCE 2681.65 2648.17 2614.68 2721.77 2761.88 2688.28 1904.15 UP

BALKRISIND 1226.15 1200.83 1175.52 1242.73 1259.32 1217.42 1113.16 UP

BALRAMCHIN 68.1 66.83 65.57 69.18 70.27 67.92 107.44 DOWN

BANKBARODA 138.85 134.47 130.08 141.77 144.68 137.38 147.96 DOWN

BANKINDIA 95.6 90.7 85.8 98.5 101.4 93.6 132.55 DOWN

BATAINDIA 915.4 898.43 881.47 925.88 936.37 908.92 764.2 UP

BEL 100.2 99.13 98.07 101.88 103.57 100.82 149.63 DOWN

BEML 792.85 772.33 751.82 806.18 819.52 785.67 1260.77 DOWN

BERGEPAINT 317.2 314.03 310.87 319.68 322.17 316.52 267.03 UP

BHARATFIN 1190.6 1172 1153.4 1208.95 1227.3 1190.35 1072.79 UP

BHARATFORG 629.35 617.27 605.18 643.22 657.08 631.13 698.04 DOWN

BHARTIARTL 357.65 353.33 349.02 360.98 364.32 356.67 433.5 DOWN

BHEL 70.7 69.87 69.03 71.97 73.23 71.13 86.55 DOWN

BIOCON 558.25 545.88 533.52 568.03 577.82 555.67 560.16 DOWN

BPCL 388.9 385.63 382.37 394.23 399.57 390.97 450.11 DOWN

BRITANNIA 6450.3 6411.72 6373.13 6491.72 6533.13 6453.13 5173.36 UP

CANBK 278.9 267.3 255.7 285.9 292.9 274.3 305.9 DOWN

CANFINHOME 352.7 347.92 343.13 358.97 365.23 354.18 444 DOWN

CAPF 516.85 512.73 508.62 523.38 529.92 519.27 650.8 DOWN

CASTROLIND 164.45 162.08 159.72 166.98 169.52 164.62 188.75 DOWN

CEATLTD 1351.45 1340.8 1330.15 1367.3 1383.15 1356.65 1598 DOWN

CENTURYTEX 919.75 902.37 884.98 938.07 956.38 920.68 1188.62 DOWN

CESC 909.3 891.53 873.77 926.73 944.17 908.97 1007.46 DOWN

CGPOWER 62.3 61.12 59.93 63.22 64.13 62.03 78.57 DOWN

CHENNPETRO 297.25 291.5 285.75 301.45 305.65 295.7 364.5 DOWN

CHOLAFIN 1544.4 1495.68 1446.97 1584.93 1625.47 1536.22 1415.56 UP

CIPLA 627.85 619.78 611.72 633.58 639.32 625.52 592.97 UP

COALINDIA 265.1 263.2 261.3 266.85 268.6 264.95 281.49 DOWN

COLPAL 1085.05 1063.78 1042.52 1122.13 1159.22 1100.87 1107.43 DOWN

CONCOR 647.6 639.63 631.67 658.28 668.97 650.32 663.54 DOWN

CUMMINSIND 675.75 657.67 639.58 691.17 706.58 673.08 795.74 DOWN

DALMIABHA 2601.9 2567.5 2533.1 2634.15 2666.4 2599.75 2825.03 DOWN

DCBBANK 167.75 162.27 156.78 171.02 174.28 165.53 179.62 DOWN

DHFL 623.15 612.43 601.72 634.43 645.72 623.72 590.65 UP

DISHTV 67.3 65.62 63.93 69.07 70.83 67.38 74.65 DOWN

DIVISLAB 1075.7 1058.7 1041.7 1101.35 1127 1084.35 1063.4 UP

DLF 190.2 183.57 176.93 194.87 199.53 188.23 215.19 DOWN

DRREDDY 2132.75 2074.77 2016.78 2190.87 2248.98 2132.88 2226.07 DOWN

EICHERMOT 28265.65 27559.1 26852.55 28761.1 29256.55 28054.55 29299.96 DOWN

ENGINERSIN 133.9 131.03 128.17 136.33 138.77 133.47 161.7 DOWN

EQUITAS 139.9 138.55 137.2 140.8 141.7 139.45 147.95 DOWN

ESCORTS 889.1 877.23 865.37 897.93 906.77 886.07 831.94 UP

EXIDEIND 273.15 270.5 267.85 275.4 277.65 272.75 229.07 UP

FEDERALBNK 88.25 86.25 84.25 89.5 90.75 87.5 98.66 DOWN

FORTIS 139.7 135.07 130.43 142.37 145.03 137.73 144.74 DOWN

GAIL 370 364.52 359.03 373.87 377.73 368.38 345.09 UP

GLENMARK 569.2 562.33 555.47 573.53 577.87 566.67 569.03 UP

GMRINFRA 17.85 17.52 17.18 18.37 18.88 18.03 18.44 DOWN

GODREJCP 1335.7 1317.1 1298.5 1365.2 1394.7 1346.6 1072.67 UP

GODREJIND 611.1 604.07 597.03 618.07 625.03 611.03 583.29 UP

GRANULES 98.6 93.82 89.03 102.07 105.53 97.28 112.78 DOWN

GRASIM 1024.2 992.8 961.4 1042.8 1061.4 1011.4 1108.86 DOWN

GSFC 109.25 107.92 106.58 110.62 111.98 109.28 130.7 DOWN

HAVELLS 614.75 600.83 586.92 629.88 645.02 615.97 533.17 UP

HCC 11.05 10.75 10.45 11.4 11.75 11.1 28.08 DOWN

HCLTECH 952.6 942.45 932.3 965.35 978.1 955.2 928.24 UP

HDFC 2023.4 1998.23 1973.07 2041.33 2059.27 2016.17 1813.82 UP

HDFCBANK 2192.6 2170.58 2148.57 2209.03 2225.47 2187.02 1934.86 UP

HDIL 19.2 18.9 18.6 19.5 19.8 19.2 43.94 DOWN

HEROMOTOCO 3136.75 3073.22 3009.68 3195.12 3253.48 3131.58 3618.94 DOWN

HEXAWARE 452.25 446.5 440.75 461.5 470.75 455.75 381.41 UP

HINDALCO 206.55 202 197.45 210.8 215.05 206.25 242.6 DOWN

HINDPETRO 276.8 274.33 271.87 280.93 285.07 278.47 365.44 DOWN

HINDUNILVR 1669.95 1650.12 1630.28 1684.72 1699.48 1664.88 1414.42 UP

HINDZINC 272.1 266.52 260.93 280.17 288.23 274.58 303.73 DOWN

IBREALEST 154.1 150.58 147.07 159.18 164.27 155.67 200.44 DOWN

IBULHSGFIN 1297.7 1264.3 1230.9 1338.05 1378.4 1304.65 1234.24 UP

ICICIBANK 285.65 277.1 268.55 290.35 295.05 281.8 299.96 DOWN

ICICIPRULI 413.4 403.27 393.13 421.27 429.13 411.13 397.36 UP

ICIL 81.45 80.5 79.55 82.5 83.55 81.55 98.35 DOWN

IDBI 58.8 57.62 56.43 59.87 60.93 58.68 63.16 DOWN

IDEA 56.8 54.9 53 58.1 59.4 56.2 79.43 DOWN

IDFC 45.3 44.8 44.3 45.9 46.5 45.4 54.89 DOWN

IDFCBANK 38.2 37.9 37.6 38.65 39.1 38.35 49.93 DOWN

IGL 295.05 293.2 291.35 297.8 300.55 295.95 294.82 UP

INDIACEM 113.2 110.92 108.63 116.87 120.53 114.58 152.45 DOWN

INDIANB 354.25 339.83 325.42 362.33 370.42 347.92 340.77 UP

INDIGO 1008.75 991.93 975.12 1029.93 1051.12 1013.12 1217.95 DOWN

INDUSINDBK 1960.35 1942.8 1925.25 1982.95 2005.55 1965.4 1774.25 UP

INFIBEAM 182.35 176.2 170.05 187.75 193.15 181.6 157.9 UP

INFRATEL 286.85 280.38 273.92 290.98 295.12 284.52 346.96 DOWN

INFY 1373.25 1364.83 1356.42 1386.03 1398.82 1377.62 1126.48 UP

IOC 158.8 156.27 153.73 162.67 166.53 160.13 183.32 DOWN

IRB 206.2 196.83 187.47 211.48 216.77 202.12 230.06 DOWN

ITC 287.2 283.88 280.57 290.83 294.47 287.52 267.78 UP

JETAIRWAYS 307.5 303.2 298.9 311.6 315.7 307.3 594.79 DOWN

JINDALSTEL 195.25 192.27 189.28 200.27 205.28 197.28 219.13 DOWN

JISLJALEQS 80 77.8 75.6 81.55 83.1 79.35 108.96 DOWN

JPASSOCIAT 15.05 14.75 14.45 15.35 15.65 15.05 18.26 DOWN

JSWENERGY 63.9 63.1 62.3 65.2 66.5 64.4 78.99 DOWN

JSWSTEEL 312.3 307.63 302.97 318.33 324.37 313.67 294.81 UP

JUBLFOOD 1396.4 1376.67 1356.93 1427.07 1457.73 1407.33 1087.25 UP

JUSTDIAL 567.9 556.83 545.77 576.33 584.77 565.27 497.44 UP

KOTAKBANK 1311.25 1296.23 1281.22 1324.38 1337.52 1309.37 1137.49 UP

KPIT 287.3 279.88 272.47 293.38 299.47 285.97 217.34 UP

KSCL 595.85 586.35 576.85 606.55 617.25 597.05 526.97 UP

KTKBANK 115.25 113.85 112.45 117.3 119.35 115.9 134.48 DOWN

L&TFH 178.05 174.38 170.72 183.78 189.52 180.12 171.32 UP

LICHSGFIN 524.85 520.5 516.15 531.3 537.75 526.95 540.94 DOWN

LT 1305.95 1283.83 1261.72 1337.48 1369.02 1315.37 1295.18 UP

LUPIN 812.85 798.63 784.42 821.43 830.02 807.22 849.23 DOWN

M&M 913.6 907.43 901.27 918.33 923.07 912.17 784.89 UP

M&MFIN 512 493.38 474.77 523.23 534.47 504.62 463.05 UP

MANAPPURAM 103.5 101.55 99.6 105.1 106.7 103.15 108.67 DOWN

MARICO 364.5 358.52 352.53 368.02 371.53 362.03 319.38 UP

MARUTI 9396.25 9227.6 9058.95 9698.3 10000.35 9529.65 8882.51 UP

MCDOWELL-N 578.4 572.92 567.43 584.87 591.33 579.38 650.3 DOWN

MCX 838.25 818.73 799.22 851.33 864.42 831.82 845.5 DOWN

MGL 898.15 881.63 865.12 909.78 921.42 893.27 991.37 DOWN

MOTHERSUMI 309.05 302.68 296.32 313.83 318.62 307.47 339.18 DOWN

MRF 78644.75 78337.47 78030.19 78925.52 79206.28 78618.23 71945.15 UP

MRPL 78.95 77.97 76.98 80.37 81.78 79.38 112.41 DOWN

MUTHOOTFIN 408.2 392.33 376.47 418.43 428.67 402.57 426.91 DOWN

NATIONALUM 62.15 61.3 60.45 63.3 64.45 62.45 75 DOWN

NBCC 67.35 66.43 65.52 68.38 69.42 67.47 105.85 DOWN

NMDC 102 100.7 99.4 103.6 105.2 102.3 124.14 DOWN

NTPC 153.35 150.95 148.55 154.8 156.25 152.4 169.48 DOWN

OFSS 3882.35 3832.4 3782.45 3941.15 3999.95 3891.2 3922.73 DOWN

OIL 208.5 206.02 203.53 210.12 211.73 207.63 230.18 DOWN

ONGC 162.55 159.17 155.78 164.97 167.38 161.58 180.28 DOWN

ORIENTBANK 73.9 71.63 69.37 75.43 76.97 73.17 102.82 DOWN

PCJEWELLER 83.6 79.25 74.9 87.7 91.8 83.35 311.68 DOWN

PEL 2684.25 2650.02 2615.78 2723.47 2762.68 2689.23 2612.23 UP

PETRONET 231.25 224.27 217.28 236.52 241.78 229.53 237.08 DOWN

PFC 80.5 77.68 74.87 83.03 85.57 80.22 101.97 DOWN

PIDILITIND 1114.35 1095.5 1076.65 1132.75 1151.15 1113.9 949.71 UP

PNB 80.85 79.78 78.72 81.83 82.82 80.77 127.06 DOWN

POWERGRID 181.85 176.1 170.35 185.7 189.55 179.95 199.74 DOWN

PTC 76.7 74.58 72.47 78.73 80.77 76.62 99.5 DOWN

PVR 1119.15 1083.05 1046.95 1152.2 1185.25 1116.1 1354.7 DOWN

RAMCOCEM 721 683.03 645.07 741.73 762.47 703.77 745.37 DOWN

RAYMOND 838 828.55 819.1 851.95 865.9 842.5 977.23 DOWN

RBLBANK 567.25 563.5 559.75 572.6 577.95 568.85 515.23 UP

RCOM 13.8 13.5 13.2 14.15 14.5 13.85 19.37 DOWN

RECLTD 107.05 100.03 93.02 111.53 116.02 104.52 136.27 DOWN

RELCAPITAL 394.7 384.35 374 404.25 413.8 393.9 456.03 DOWN

RELIANCE 1110.65 1105.13 1099.62 1118.83 1127.02 1113.32 944.74 UP

RELINFRA 401.95 397.27 392.58 405.57 409.18 400.88 451.88 DOWN

REPCOHOME 626.7 617.98 609.27 635.18 643.67 626.47 605.04 UP

RPOWER 32.4 31.67 30.93 33.02 33.63 32.28 39.48 DOWN

SAIL 73.7 72.97 72.23 74.87 76.03 74.13 79.65 DOWN

SBIN 287.7 278.13 268.57 293.33 298.97 283.77 279.78 UP

SHREECEM 17479.75 17055.33 16630.92 17902.08 18324.42 17477.67 17187.01 UP

SIEMENS 967.75 958.4 949.05 975.7 983.65 966.35 1137.66 DOWN

SOUTHBANK 17.8 17.58 17.37 18.08 18.37 17.87 27.34 DOWN

SREINFRA 53.65 52.1 50.55 55 56.35 53.45 87.15 DOWN

SRF 1644.8 1609.3 1573.8 1689.3 1733.8 1653.8 1878.06 DOWN

SRTRANSFIN 1411 1310.07 1209.13 1479.92 1548.83 1378.98 1379.85 UP

STAR 355.35 349.5 343.65 365.25 375.15 359.4 652.57 DOWN

SUNPHARMA 555.4 550 544.6 562.3 569.2 556.9 535.67 UP

SUNTV 766.75 756.62 746.48 774.42 782.08 764.28 896.95 DOWN

SUZLON 7.8 7.6 7.4 8.1 8.4 7.9 12.06 DOWN

SYNDIBANK 43.2 41.47 39.73 44.27 45.33 42.53 63.84 DOWN

TATACHEM 673.85 668.22 662.58 680.87 687.88 675.23 719.65 DOWN

TATACOMM 570.6 562.77 554.93 583.22 595.83 575.38 641.53 DOWN

TATAELXSI 1449.85 1420.93 1392.02 1484.83 1519.82 1455.92 1075.78 UP

TATAGLOBAL 239.1 234.75 230.4 243.2 247.3 238.85 269.98 DOWN

TATAMOTORS 258.25 256.17 254.08 261.67 265.08 259.58 361.24 DOWN

TATAMTRDVR 142.9 141.15 139.4 144.5 146.1 142.75 205.89 DOWN

TATAPOWER 70.85 68.4 65.95 72.9 74.95 70.45 83.99 DOWN

TATASTEEL 534.85 530.82 526.78 539.42 543.98 535.38 630.59 DOWN

TCS 1964.7 1951.53 1938.37 1981.43 1998.17 1968.27 1547.65 UP

TECHM 632.05 618.1 604.15 640.3 648.55 626.35 593.69 UP

TITAN 854.5 846.68 838.87 866.13 877.77 858.32 849.07 UP

TV18BRDCST 48.7 46.73 44.77 50.53 52.37 48.57 55.86 DOWN

TVSMOTOR 522.35 511.6 500.85 536.85 551.35 526.1 660.2 DOWN

UBL 1094.8 1082.55 1070.3 1108.5 1122.2 1096.25 1089.67 UP

UJJIVAN 391.4 384.37 377.33 396.07 400.73 389.03 378.29 UP

ULTRACEMCO 4142.8 4064.18 3985.57 4197.18 4251.57 4118.57 4086.45 UP

UNIONBANK 85.05 82.5 79.95 86.7 88.35 84.15 117.28 DOWN

UPL 637.5 628.62 619.73 645.82 654.13 636.93 722.21 DOWN

VEDL 216.5 214.12 211.73 20.27 224.03 217.88 292.6 DOWN

VGUARD 206.35 202.82 199.28 209.22 212.08 205.68 223.31 DOWN

WIPRO 271.4 269 266.6 274.45 277.5 272.05 287.22 DOWN

WOCKPHARMA 570.25 561.57 552.88 576.82 583.38 568.13 738.91 DOWN

YESBANK 369.75 356.77 343.78 384.52 399.28 371.53 330.78 UP

ZEEL 518.75 514.27 509.78 524.82 530.88 520.33 563.57 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



In yesterday's trade, MCX Gold was seen inching up. 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 trading rangebound. 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/positive. Key support seen at 4627. Confirmation of strength above 4951. Interweek strategy: Buy at CMP, targeting 4807 zone and then 4951 and then at 5050-5075 zone with stop at 4501.

Copper prices were seen trading rangebound in yesterday's trade. Support now seen at 411. Confirmation of strength only above 451. Interweek strategy: Establish long positions on any weakness between 419-422 zone, targeting 433 and then at 445-451 zone with stop at 411.

Natural Gas prices were seen consolidating in yesterday's trade with positive bias. 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 consolidating in yesterday's trade. Key interweek support seen at 68.45. Hurdles now seen at 69.11. Intraday Strategy: Sell between 68.81-68.87 zone, targeting 68.45 zone with stop ABOVE 69.21.

29829 29551 29211 30101 30711 Neutral

38313 37951 37201 39451 39953 Neutral

4770 4501 4295 4807 4951 Positive

429 411 401 433 451 Neutral

191.50 185.00 179.00 201.00 225.00 Neutral

68.66 68.45 67.75 69.11 70.05 Neutral

Crude Oil climbs after Saudi Arabia suspends shipments through key route.

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



At Wall Street, the Nasdaq falls as Facebook results disappoint.

In yesterday's trade, gold prices traded firm amidst slipping US Dollar. Hurdles now seen at 1245. Confirmation of strength only above 1261. Support seen at 1201-1205 zone.

Silver prices were seen inching up in yesterday'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 yesterday's trade. Major hurdles now seen at 71.50 zone. Interweek strategy: Buy between 68.50-69 zone, targeting 70.05 zone and then at 71.50 zone with stop at 67.05.

The EUR/USD was seen trading sideways in yesterday'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 was seen trading rangebound in yesterday'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 inched higher and was seen bucking the trend while the Nasdaq ended lower, as Facebook shares plunged after the social media giant warned of slowing growth in coming quarters. Bias shifts to neutral.

1235 1221 1201 1245 1261 Neutral

15.56 15.05 14.21 16.21 17.09 Neutral

69.3 67.45 65 70.05 71.5 Positive

1.1658 1.1505 1.4445 1.1901 1.2205 Neutral

94.65 92.50 89.25 97.50 99.00 Neutral

25557 23405 22501 26125 27001 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

140.65 139.68 138.72 142.18 143.72 142.75 143.05 DOWN

1143.3 1126.53 1109.77 1172.53 1201.77 1027.62 1123 DOWN

4465 4399.67 4334.33 4524.67 4584.33 4231.4 4393 UP

4099 4027.67 3956.33 4163.67 4228.33 4021.65 4474 UP

430.1 427.1 424.1 432.75 435.4 450.46 433.85 DOWN

22270 22166.67 22063.33 22356.67 22443.33 20428.35 22770 DOWN

4778 4720 4662 4817 4856 4175.64 4876 DOWN

29915 29808 29701 30005 30095 30173.19 30064 DOWN

8831 8697 8563 9018 9205 8616.86 8723.5 DOWN

4140 4076.67 4013.33 4211.67 4283.33 3977.27 3952 UP

19520 19345 19170 19755 19990 17693.1 18585 UP

147 145.25 143.5 148.75 150.5 160.39 152.4 UP

1530.2 1514.2 1498.2 1553.1 1576 1439.73 1439.9 DOWN

190.2 188.83 187.47 191.23 192.27 188.02 193.2 UP

936.7 928.03 919.37 945.83 954.97 876.48 967.3 DOWN

4126 4107.33 4088.67 4148.33 4170.67 3985.17 4269 DOWN

38559 38378.34 38197.67 38711.34 38863.67 39077.64 39226 DOWN

2709 2709 2709 2709 2709 3619.22 2651 DOWN

3337 3318.67 3300.33 3354.67 3372.33 3406.43 3426 UP

179.8 178.47 177.13 181.77 183.73 209.48 182.7 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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