The Evolution of Knowledge based Research… · etc. The company currently has ten manufacturing units located at Ahmedabad, Panoli and Vadodara , Gujarat. The company is the biggest

Weekly Research Reports

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CONTENTSCONTENTS

Top Sectors for the Week

COMFORT PICK OF THE WEEK

Title Page No.

Comfort Pick Of The Week 03-04

Top Sectors for the Week 05-12

Weekly Pivot Table (Equities) 13

Weekly Pivot Table (Commodities) 14

Disclaimer 15

COMFORT PICK OF THE WEEKLet Your Money Grow Confidently !



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This weekly research report helps you to identify the best five momentum stocks for the week. ‘Pick of the week’ is best among the mentioned five and is always with detailed ‘Technical & Macro outlook’.

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STOCKS CMP BIAS TRADING/ INVESTMENT STRATEGY

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Monday29th October, 2018

Analyst’s Pick: BODAL CHEMICAL (CMP 117.40). Target: Rs. 175+

Bodal Chemicals (BCL), earlier known as JK Pharma is a leading manufacturer of dyes Intermediates/dyestuff and has diversified into speciality chemicals. Company's products are used in diverse industries such as Textile, Paper, Plastic, Leather etc. The company currently has ten manufacturing units located at Ahmedabad, Panoli and Vadodara , Gujarat. The company is the biggest manufacturer of Dye Intermediates in India. Company's integrated business model, robust capex plans and diversification into speciality chemicals bodes well for growth in future. Bodal Chemicals products are being exported to more than 41countries and among them are USA, UK, Germany, Spain, Turkey, China, Indonesia, Taiwan, Korea, Greece, Egypt, Portugal, Hong Kong, Italy, Bangladesh and Pakistan. The firm's key clients include BASF, Chemistar, HUNSTMAN, RIFA and Stahl.

Technically, brace yourselves for a major rebound play from a complex ‘lower consolidation pattern’ on the daily charts. An impulse uptrend is seen forming on the daily time scale with sequence of higher high/ higher low pattern intact on monthly charts, with positive SAR series, major confirmation above its Oct 2018 high at 139 mark. Add to that a bullish divergence and a rising stochastic signal (on weekly charts) with recent increase in volumes signaling a larger rebound. The 200 days Exponential Moving Average (EMA) of the stock on the daily chart is currently at 131. Any significant move above the level of 131 will act as a good confirmation to perma-bulls and this could be used to buy aggressively in case of any stocks rebounds with strong volumes.

A potential entrance exists on any sizeable declines between 95-105 zone with long term perspective, as the stock is likely to run towards 145 mark and then aggressive targets at psychological 200 zone. Place stop below 79. Holding Period: 5 Months.

BODAL CHEMICALS 117.40 Positive

BLACK ROSE INDUSTRIES 49.20 Positive

NAUKRI 1597 Positive

INTERNATIONAL PAPER 452.65 Positive

WPIL 778.55 Positive

Investors with long term perspective should look into accumulating BODAL CHEMICALS on any corrective declines. At around 89-93 zone levels, the stock will test its key supports (61.8% of the move from Oct 2014 lows to July 2017 highs). Accumulation on corrective declines likely to be the theme, which should take the stock above its all-high at 193.75 mark. Accumulate the stock only on any sizeable declines between 95-105 zone with long term perspective, as the stock is likely to run towards 145 mark and then aggressive targets at psychological 200 zone. Place stop below 79. Holding Period: 5 Months.

BLACK ROSE INDUSTRIES is seen consolidating aggressive at higher levels in last 9-months. The stock is now signaling a major breakout from a probable 'Flag Pattern' on monthly charts. We expect the stock to stage a major breakout soon. Accumulate at CMP, and on dips between 35-39 zone, as we suspect on any up move from here on will be backed with spectacular volumes, lifting the stock above its all time high at 61.5 mark. With medium term and long term perspective, the stock is likely to aim 75-81 zone. Place stops below 31. Holding Period: 5 Months.

The sequence of higher high/low is intact on Daily, weekly and monthly charts. The stock appears a screaming buy on any corrective declines. Buying on any corrective declines should be the preferred strategy. Bullish positive reverse divergence and a rising stochastic signal are the key triggers on buy side. Buy between 1475-1501 zone, and on dips between 1301-1325 zone, as the stock is likely to run towards 1701 mark. Aggressive targets are placed at 1901-2001 zone. Place stops below 1109. Holding Period: 5Months.

The stock has signaled a major breakout from a 9-year higher consolidation zone. The positive takeaway is that despite decline in broader markets, the stock is in limelight. We are sure; the scrilla bulls will dominate price action with long term perspective. Stochastic and major oscillators are currently on the bulls' side. Accumulate at CMP, and on dips between 375-391 zone, as the stock is likely to run towards its all time high at 592 mark. Aggressive targets placed at 750 mark. Place stops below 373. Holding Period: 5 Months.

We expect WPIL to continue its outperformance as far as the eye can see. At the moment the stock is seen consolidating at higher consolidation zone on daily charts. Key support to watch in near term is at 701-715 zone and then major support lies at 575-601 zone. A major breakout play on cards, positive reverse divergence on daily and weekly charts supporting the buying argument. Establishing long positions on dips between 700-725 zone, as the stock is likely to stage big move towards its psychological 1000 mark and then aggressive 9-months targets seen at 1150-1250 zone. Place stops below 569. Holding Period: 5 Months.


Top Sectors for the Week is a Technical and Macro report containing everything you need to have…a clear, precise and detailed view on the five top momentum sectors... listed in BSE. This detailed multi-analyzed Macro-Technical report is a smart way to enter or exit an outperforming or underperforming sector using the relative strength function.

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Relative Strength Performancewith Comfort Securities Ltd.

Sector Analysis: Relative Strength Performance




Sectors Relative to Sensex... Outperforming stocks Underperforming stocks


BSE Auto Index Neutral EXIDE APOLLO TYRES, HEROMOTO CORP

BSE Banks Index Neutral HDFC BANK AXIS BANK, PUNJAB NATIONAL BANK, BANK OF INDIA.

BSE Capital Goods Index Underperformer SCHAEFFLER, HEG, BHEL, BEML, SUZLONGRAPHITE

BSE Healthcare Index Neutral BIOCON, SUN PHARMA LUPIN, WOCKHARDT, FORTIS

BSE Metals Index Neutral HINDALCO NALCO, NMDC.


From Comfort Research Desk…



The Week That Was: Amidst volatility, the benchmark Sensex ended the week on a negative note as hurting sentiments were:

1. Weak global cues.2. Unabated foreign fund outflows.3. Recent string of defaults by non-banking financial firms on debt repayment.4. Chinese stocks tumbling to four-year lows..5. The Federal Reserve remains on its gradual rate-hike path.6. Concerns of slowing growth amidst U.S - China trade war.

Interestingly, the negative mood at Dalal Street was despite:

1. Cooling off in crude oil prices.

The negative takeaway was that Sensex and Nifty ended just near their psychological 33,000 mark and 10,000 mark respectively. The benchmark index ended the week, 2.82% lower on a weekly basis. The weakness suggests fears about further market crash from current levels are quite likely and all negative catalysts still command attention.

Sensex ended in green in only one out of the five trading sessions of the week. The BSE MidCap index slipped 1.34% and the BSE SmallCap index tanked 3.45%, mostly underperforming Sensex. Amongst Sectoral indices on weekly basis, the only gainer was BSE Reality index, up 0.75% while BSE Auto index, down 1.41%, BSE Bankex, down 3.16%, BSE Metal index down by 2.08%, BSE Healthcare index, down 4.63%, BSE IT index down by 5.73% and BSE Tech index down by 4.97%.

Among the BSE-30 stocks, the major gainers were: BHARTI AIRTEL, HDFC and COAL INDIA which were up 4%, 2.4% & 1.8% respectively. The top three losers of the week were: SUN PHARMA, INFOSYS and TCS which were down 9%, 7.2% and 6.1% respectively.

Meanwhile, Wall Street ended lower on Friday with the S&P 500 and the Dow Jones Industrial Average turning red for the year. The negative catalyst were disappointing results from a handful of megacap companies. In last week's trade, the Dow was down 3%, the S&P 500 3.9% and the Nasdaq was down 3.8% while for the month of October so far, the S&P has lost 8.8%, the Dow is down 6.7%, and the Nasdaq has shed 11%.

Week Ahead: Dalal Street will most likely to start the week on a muted note, taking negative cues from a tumbling Wall Street in Friday's trade. All anxious eyes will be on the psychological Nifty 10,000. A move below 10,000 could lead to more volatile

action.

This week, the event calendar is rather blank and thus focus again shifts to Q2 earning. The prominent firms announcing Q2 are:

• Monday: BPCL, CENTURY TEXTILE, CHAMBAL FERTILISER, CHENNAI PETRO, DCM SHRIRAM, GRUH FINANCE, HDFC AMC, JUST DIAL, LIC HOUSING FINANCE, MAITHANI ALLOYS, NILKAMAL, SPARC, SUNDRAM FASTNER, TATA POWER, UNION BANK OF INDIA, WONDRELLA HOLIDAYS.

• Tuesday: 3M INDIA, ABB, ACCLEYA, BANK OF BARODA, BASF, CHOLAMANDALAM FINANCE, DALMIA BHARAT, DENA BANK, IDFC, IRB, JK TYRE, NAUKRI, NAVIN FLUORO, NOCIL, PIDILITE, RAMCO CEMENTS, TATA GLOBAL, TECH MAHINDRA,

• Wednesday: ADANI ENTERPRISES, ADANI POWER, AJANTA PHARMA, CANARA BANK, CASTROL, DABUR, ESCORTS, LUPIN, LT, HERIGE FOODS, STRIDES ARCOLAB, TATA MOTORS, TATA MOTORS DVR, TINPLATE, VEDANTA.

• Thursday: AARTI INDUSTRIES, ARVIND, AUROBINDO LAB, BERGER PAINTS, CERA CERAMIC, DLF, ECLERX, GNFC, GODREJ PROPERTIES, GREAVES COTTON, HCC, HDFC, HIKAL, HPCL, MARICO, MOREPAN LAB, SRF, SUNDRAM FINANCE, TATA COMMUNICATION, TRENT, VESUVIUS.

• Friday: AXIS BANK, BAJAJ HINDUSTAN, BATA INDIA, BHARAT FORGE, ENIL, EQUITAS, GE SHIPPING, GILLETTE, GODREJ CONSUMER, GSFC, GUJ ALKALI, HINDALCO, NTPC, OFSS, PFC, PNB, RELIANCE POWER, SAIL, TVS ELECTRONICS, TV TODAY, VMART.

The three key catalysts this week are:

1. Trend in Oil prices on backdrop of US sanctions on Iran.2. The upcoming assembly elections in five states- Madhya Pradesh, Rajasthan, Chhattisgarh, Mizoram and Telangana.3. Q2 results of corporate India.

Technically, the key interweek hurdles to watch on Sensex are at 35,501 & then major hurdles at 37,501 zone. Downside risk for Sensex now placed at 32484 and then at 32,501-32,750 zone and then major supports lie at psychological 30,001 mark. The corresponding levels for Nifty are: Supports at 9951 and then at 9651-9701 zone. Hurdles at 10,701 mark

For the current week, we expect the benchmark Sensex to trade with negative bias amidst detonating technical conditions. Aggressive traders can look to establish short positions on any strength with strict stop above 35,901 on Sensex.

Amongst momentum stocks looking bright are:, GAIL, HAVELLS, BAJAJ FINANCE, and SUN PHARMA. We are negative on stocks like Ashok Leyland, Hero Honda, Lupin, Wockhardt, MRF, Motherson Sumi, BHEL, CUMMINS, and BAJAJ AUTO. Among sectoral indices, we have an underperformer rating on BSE Capital Goods index amidst deteriorating technical conditions. Meanwhile, for this week, our most preferred pair strategies are:

• Pair Strategy: Long SUN PHARMA and Short WOCKHARDT• PAIR Strategy: Long HAVELLS and Short BHEL.




BSE Auto Index vs Sensex

• BSE AUTO: 19,296: NEUTRAL.

• The interweek/intermonth outlook continues to be neutral amidst last week's subdued movements. The Auto index was down in last week's trade, down 1.41%. Key interweek supports placed at 19001 support zone. Immediate hurdles are now placed at 21000. Confirmation of strength only above 24101 zone.

• Support: 19001/17401/15251.

• Resistance: 21001/22325/24101.

• Preferred Strategy on Auto Index: For this week, aggressive traders can look to sell on any excessive strength between 20000-20251 zone, targeting 19001 and then aggressive targets seen at 17401-17751 zone with strict stop above 22325.

• Preferred Trade:

• Buy MARUTI SUZUKI (CMP 6717) between 6301-6351 zone, targeting 7750-7950 zone and then at 8301-8501 zone with stop below 5650. Holding Period: 5 Months.

• Sell HERO MOTO CORP (CMP 2705) between 2851-2901 zone, targeting 2545 zone and then at 2200-2251 zone with stop above 3211. Holding Period: 2 Months.

• Outperforming Stocks: MARUTI.

• Underperforming Stocks: ASHOK LEYLAND, AMARA RAJA BATTERY, MRF, APOLLO TYRES, HERO MOTO CORP, MOTHERSON SUMI

PAIR Strategy: Long MARUTI and Short HEROMOTO CORP




BSE Banks Index vs Sensex

PAIR Strategy: Long HDFC BANK and Short AXIS BANK

• BSE BANKS: 27,159: NEUTRAL.

• The interweek outlook continues to be neutral amidst last week’s weak performance, down 3.15%. Any move below 27000 mark will trigger larger declines towards 25701. Buying advised only on any move above 28951.

This week, we expect Bank index to trade volatile with negative bias, with must watch interweek hurdles at 28951 and key supports at 27001.

• Support: 27001/26601/25701.

• Resistance: 28301/28951/32275.

• Preferred Strategy on Bank Index: For this week, aggressive traders can look to sell at CMP, targeting 27001 and then aggressive targets seen at 25701-26001 zone with strict stop above 29125.


• Sell AXIS BANK (CMP 537.50) between 551-555 zone, targeting 521-525 zone and then at 485-501 zone with stop above 587. Holding Period: 1 Month.

• Sell STATE BANK OF INDIA (CMP 248.10) between 260-263 zone, targeting 241 zone and then at 225-235 zone with stop above 277. Holding Period: 1 Month.

• Outperforming Stocks: HDFC BANK.

• Underperforming Stocks: AXIS BANK, BANK OF BARODA, PUNJAB NATIONAL BANK.




BSE Capital Goods Index vs Sensex

PAIR Strategy: Long HAVELLS and Short BHEL

• BSE CAPITAL GOODS: 16,409.60: UNDERPERFORMER.

• The interweek outlook continues to be negative amidst last week's range bound movement, down 1.41%. Downside risk continues to be at 15901 mark. Expect larger declines below 15901. Major hurdles at 18251.

• Support: 15901/14751/12501.

• Resistance: 17545/18251/20701.

• Preferred Strategy on Capital Goods Index: For this week, selling between 17051-17251 zone, should be the preferred trading strategy, targeting 15901 and then at 14751-14901 zone with strict stop above 18251.


• Sell BHEL (CMP 67.50) between 71-73 zone, targeting 65 zone and then at 55-57.50 zone with stop above 77.05. Holding period: 2 months.

• Buy HAVELLS (CMP 602.85) on excessive weakness between 561-575 zone, targeting 621 zone and then at 655-663 zone with stop below 539. Holding period: 2 months.

• Outperforming Stocks: ABB, HAVELLS, SCHAEFFLER, HEG, GRAPHITE, CARBONDUM UNIVERSAL.

• Underperforming Stocks: BEL, BHEL, BEML, SUZLON, NBCC.




BSE Healthcare Index vs Sensex

PAIR Strategy: Long SUN PHARMA and Short LUPIN

• BSE HEALTHCARE: 13,875: NEUTRAL.

• The interweek outlook continues to be neutral amidst last week's volatile conditions, down 4.63% on weekly basis. Key supports to watch are at 12501 zone. Major declines now likely only below 12501 mark. Confirmation of strength above 16501.

• Support: 13251/12501/11001.

• Resistance: 15157/15751/16501.

• Preferred Strategy on Healthcare Index: For this week, aggressive traders should look to buy only on any sharp corrective declines near 13000-13101 zone, targeting 14251 zone and then at 16501 mark with strict stop below 12451.


• Sell LUPIN (CMP 854.15) between 861-871 zone, targeting 835 zone and then at 801-811 zone with stop above 895. Holding Period: 1 month.

• Buy SUN PHARMA at CMP 554.05, and on any weakness between 525-531 zone, targeting 601-605 zone and then at 701 zone with stop below 517. Holding Period 3 months.

• Outperforming Stocks: AUROBINDO PHARMA, NOVARTIS, PFIZER, DIVIS LAB, BIOCON, SUN PHARMA.

• Underperforming Stocks: LUPIN, FORTIS, WOCKHARDT.

PAIR Strategy: Long SUN PHARMA and Short WOCKHARDT




BSE Metals Index vs Sensex

PAIR Strategy: Long SAIL and Short NMDC

• BSE METALS: 12,816: NEUTRAL.

• The interweek outlook continues to be neutral amidst last week’s volatile conditions, down 2.26% on weekly basis. Confirmation of strength only above 14501 mark. Major support seen at 11501. Intermediate support seen at 12501.

• Support: 12501/11501/10050.

• Resistance: 13251/14501/16001.

• Preferred Strategy on Metals Index: For this week, aggressive traders can look to buy only above 13601 zone, targeting 14501 and then at 14901-15001 zone with strict stop below 12501.


• Buy SAIL (CMP 63.20) on sharp corrective declines between 57-60 zone, targeting 81 and then at 89-93 zone. Stop below 49. Holding period: 3 months.

• Buy HINDUSTAN ZINC (CMP 277.60) between 251-255 zone, targeting 289 and then at 311-315 zone. Stop below 231. Holding period: 2 months.

• Outperforming Stocks: SAIL.

• Underperforming Stocks: NALCO, NMDC

Instrument Close S1 S2 R1 R2 200 Day SMA Reversal Point Trend

WEEKLY PIVOT TABLE



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 10030 9980.08 9930.17 10104.38 10178.77 10054.47 10770.93 DOWN

BANKNIFTY 24421.05 24258.79 24096.52 24677.63 24934.22 24515.37 26071.14 DOWN

NIFTYMID50 4444.4 4382.6 4320.8 4508.5 4572.6 4446.7 5068.42 DOWN

ACC 1349.65 1338.57 1327.48 1365.37 1381.08 1354.28 1522.46 DOWN

ADANIENT 166.75 163.12 159.48 172.57 178.38 168.93 131.04 UP

ADANIPORTS 304.1 300.18 296.27 309.28 314.47 305.37 380.88 DOWN

AJANTPHARM 977.35 962.05 946.75 1002.6 1027.85 987.3 1209.01 DOWN

ALBK 37.05 36.4 35.75 37.6 38.15 36.95 47.29 DOWN

AMARAJABAT 768.95 755.87 742.78 779.77 790.58 766.68 804.48 DOWN

ANDHRABANK 25.55 25.38 25.22 25.83 26.12 25.67 37.99 DOWN

APOLLOTYRE 207.55 200.82 194.08 213.87 220.18 207.13 263.42 DOWN

ARVIND 321.3 315.47 309.63 329.32 337.33 323.48 398.19 DOWN

ASHOKLEY 113.15 111.28 109.42 114.83 116.52 112.97 134.05 DOWN

ASIANPAINT 1190.3 1171.77 1153.23 1205.42 1220.53 1186.88 1247.84 DOWN

AUROPHARMA 719.8 709.57 699.33 728.97 738.13 718.73 635.81 UP

AXISBANK 537.7 526.83 515.97 556.28 574.87 545.42 556.67 DOWN

BAJAJ-AUTO 2513.75 2462.43 2411.12 2549.33 2584.92 2498.02 2873.05 DOWN

BAJAJFINSV 5399.2 5293.47 5187.73 5469.47 5539.73 5363.73 5761.15 DOWN

BAJFINANCE 2338.9 2286 2233.1 2384.3 2429.7 2331.4 2133.5 UP

BALKRISIND 1034.2 1006.32 978.43 1062.32 1090.43 1034.43 1154.52 DOWN

BALRAMCHIN 100.35 97.93 95.52 102.18 104.02 99.77 84.61 UP

BANKBARODA 98.85 97.27 95.68 101.02 103.18 99.43 136.63 DOWN

BANKINDIA 74.55 73.58 72.62 75.73 76.92 74.77 105.14 DOWN

BATAINDIA 908.95 898.17 887.38 925.87 942.78 915.08 827.47 UP

BEL 88.25 82.87 77.48 92.32 96.38 86.93 125.08 DOWN

BEML 528.65 518.68 508.72 541.18 553.72 531.22 984.16 DOWN

BERGEPAINT 282.5 277.87 273.23 289.77 297.03 285.13 281.23 UP

BHARATFIN 878.5 865.25 852 900.7 922.9 887.45 1107.56 DOWN

BHARATFORG 553.35 543.47 533.58 561.57 569.78 551.68 676.54 DOWN

BHARTIARTL 297.95 287.97 277.98 306.97 315.98 296.98 388.67 DOWN

BHEL 67.5 66.15 64.8 69.95 72.4 68.6 81.56 DOWN

BIOCON 604.05 587.9 571.75 632.3 660.55 616.15 614.79 DOWN

BPCL 275.2 267.63 260.07 281.63 288.07 274.07 400.32 DOWN

BRITANNIA 5320.5 5255.47 5190.43 5387.27 5454.03 5322.23 5587.12 DOWN

CANBK 212.55 209.27 205.98 215.82 219.08 212.53 272.1 DOWN

CANFINHOME 255.2 246.4 237.6 263.6 272 254.8 386.43 DOWN

CAPF 450.45 441.38 432.32 462.13 473.82 453.07 603.84 DOWN

CASTROLIND 145.25 142 138.75 148.75 152.25 145.5 175.34 DOWN

CEATLTD 1106.05 1022.07 938.08 1153.82 1201.58 1069.83 1450.01 DOWN

CENTURYTEX 771.2 752.92 734.63 789.02 806.83 770.73 1048.28 DOWN

CESC 848.15 828.37 808.58 870.97 893.78 851.18 980.31 DOWN

CGPOWER 34.95 34.3 33.65 35.9 36.85 35.25 68.7 DOWN

CHENNPETRO 257.2 251.53 245.87 262.43 267.67 256.77 322.05 DOWN

CHOLAFIN 1205.75 1157.57 1109.38 1245.22 1284.68 1197.03 1439.98 DOWN

CIPLA 603.7 597.45 591.2 611.15 618.6 604.9 604.2 DOWN

COALINDIA 281.1 276.7 272.3 284.6 288.1 280.2 282.09 DOWN

COLPAL 1106.65 1093.1 1079.55 1119.1 1131.55 1105.55 1125.53 DOWN

CUMMINSIND 671.8 656.47 641.13 687.72 703.63 672.38 743.09 DOWN

DABUR 398.25 393.17 388.08 404.17 410.08 399.08 381.94 UP

DALMIABHA 2125.95 2082 2038.05 2157.45 2188.95 2113.5 2653.39 DOWN

DCBBANK 155.2 152 148.8 159.65 164.1 156.45 172.81 DOWN

DHFL 184.1 175.63 167.17 193.93 203.77 185.47 555.77 DOWN

DISHTV 40.9 37.82 34.73 42.92 44.93 39.83 69.87 DOWN

DIVISLAB 1255.8 1235.57 1215.33 1277.22 1298.63 1256.98 1141.58 UP

DLF 153.85 150.8 147.75 156.45 159.05 153.4 206.02 DOWN

DRREDDY 2404.55 2365.07 2325.58 2447.02 2489.48 2407.53 2253.44 UP

EICHERMOT 21806.4 21574.27 21342.13 22169.27 22532.13 21937.13 28066.69 DOWN

ENGINERSIN 112.7 110 107.3 114.65 116.6 111.95 144.14 DOWN

EQUITAS 99.05 79.45 59.85 117.05 135.05 97.45 145.65 DOWN

ESCORTS 569.7 554.13 538.57 583.13 596.57 567.57 844.51 DOWN

EXIDEIND 251.75 249.2 246.65 255.35 258.95 252.8 248.45 UP

FEDERALBNK 79.45 78.48 77.52 80.93 82.42 79.97 88.47 DOWN

FORTIS 129.25 128.03 126.82 130.53 131.82 129.32 144.09 DOWN

GAIL 341.35 338.73 336.12 344.63 347.92 342.02 349.98 DOWN

GLENMARK 593.45 578.83 564.22 613.53 633.62 598.92 581.72 UP

GMRINFRA 15.5 15.17 14.83 15.82 16.13 15.48 18.36 DOWN

GODREJCP 713.85 693.08 672.32 725.53 737.22 704.77 797.62 DOWN

GODREJIND 460.35 444.2 428.05 469.25 478.15 453.1 577.27 DOWN

GRANULES 92.3 89.07 85.83 94.67 97.03 91.43 104.67 DOWN

GSFC 94.4 91.83 89.27 96.13 97.87 93.57 119.56 DOWN

HAVELLS 602.85 591 579.15 612.35 621.85 600.5 569.58 UP

HCC 11.85 11.57 11.28 12.12 12.38 11.83 20.71 DOWN

HCLTECH 966.6 952.42 938.23 990.37 1014.13 976.18 974.49 DOWN

HDFC 1702.1 1678.45 1654.8 1722.8 1743.5 1699.15 1856.8 DOWN

HDFCBANK 1961.2 1947.73 1934.27 1975.93 1990.67 1962.47 1994.89 DOWN

HDIL 18.75 18.43 18.12 19.13 19.52 18.82 33.99 DOWN

HEROMOTOCO 2705.35 2665.9 2626.45 2750.9 2796.45 2711.45 3445.06 DOWN

HEXAWARE 321.2 313.27 305.33 331.87 342.53 323.93 416.45 DOWN

HINDALCO 221.25 214.47 207.68 225.97 230.68 219.18 233.76 DOWN

HINDPETRO 225.3 219.68 214.07 229.33 233.37 223.72 309.98 DOWN

HINDUNILVR 1558.25 1545.63 1533.02 1575.18 1592.12 1562.57 1526.08 UP

HINDZINC 277.6 274.83 272.07 281.03 284.47 278.27 297.37 DOWN

IBREALEST 70 68.9 67.8 72.2 74.4 71.1 173.08 DOWN

IBULHSGFIN 683.9 645.35 606.8 722.35 760.8 683.8 1201.46 DOWN

ICICIBANK 315.65 311.3 306.95 321.7 327.75 317.35 305.08 UP

ICICIPRULI 325.5 317.25 309 331.4 337.3 323.15 390.89 DOWN

ICIL 65.15 64.17 63.18 66.77 68.38 65.78 85.37 DOWN

IDBI 59.45 58.48 57.52 60.08 60.72 59.12 62.98 DOWN

IDEA 36.95 36.35 35.75 37.55 38.15 36.95 64.52 DOWN

IDFC 35.35 34.53 33.72 35.88 36.42 35.07 50.05 DOWN

IDFCBANK 33.35 32.82 32.28 34.07 34.78 33.53 45.58 DOWN

IFCI 12.6 12.33 12.07 12.83 13.07 12.57 19.02 DOWN

IGL 250.45 246.77 243.08 255.42 260.38 251.73 280.04 DOWN

INDIACEM 81.7 80.05 78.4 83.25 84.8 81.6 131.96 DOWN

INDIANB 222.3 215.93 209.57 226.73 231.17 220.37 320.67 DOWN

INDIGO 870.1 855.55 841 889.1 908.1 874.55 1140.53 DOWN

INDUSINDBK 1445.8 1423.27 1400.73 1483.17 1520.53 1460.63 1817.29 DOWN

INFIBEAM 29.95 28.45 26.95 31.5 33.05 30 158.89 DOWN

INFRATEL 265 261.75 258.5 268.35 271.7 265.1 309.97 DOWN

INFY 633.6 626.1 618.6 644.9 656.2 637.4 627.98 UP

IOC 137.65 135.2 132.75 140 142.35 137.55 168.23 DOWN

IRB 122.2 118.67 115.13 124.47 126.73 120.93 212.17 DOWN

ITC 280.9 274.67 268.43 288.47 296.03 282.23 278.73 UP

JETAIRWAYS 217.1 211.72 206.33 225.87 234.63 220.48 475.73 DOWN

JINDALSTEL 161.1 157.18 153.27 164.83 168.57 160.92 228.34 DOWN

JISLJALEQS 67.8 65.07 62.33 69.57 71.33 66.83 98.91 DOWN

JPASSOCIAT 5.85 5.68 5.52 6.08 6.32 5.92 15.64 DOWN

JSWENERGY 64 62.57 61.13 65.07 66.13 63.63 73.89 DOWN

JSWSTEEL 337.45 328.35 319.25 351.25 365.05 342.15 327.57 UP

JUBLFOOD 1055.55 994.53 933.52 1099.03 1142.52 1038.02 1242.44 DOWN

JUSTDIAL 436.85 419.9 402.95 454.9 472.95 437.95 508.41 DOWN

KOTAKBANK 1158.6 1142.93 1127.27 1183.63 1208.67 1167.97 1196.21 DOWN

KPIT 218.8 210.6 202.4 223.5 228.2 215.3 249.8 DOWN

KSCL 461 448.72 436.43 476.92 492.83 464.63 538.13 DOWN

KTKBANK 96.1 94.4 92.7 97.55 99 95.85 121.03 DOWN

L&TFH 117.9 115.75 113.6 120 122.1 117.85 162.36 DOWN

LICHSGFIN 405.5 401.07 396.63 408.97 412.43 404.53 507.66 DOWN

LT 1197.45 1188.17 1178.88 1209.87 1222.28 1200.58 1318.54 DOWN

LUPIN 855.15 841.67 828.18 865.57 875.98 852.08 841.82 UP

M&M 728.2 720 711.8 739.1 750 730.9 839.12 DOWN

M&MFIN 389.95 373.15 356.35 406.25 422.55 389.45 462.94 DOWN

MANAPPURAM 72.95 71.42 69.88 74.17 75.38 72.63 104.24 DOWN

MARICO 300.35 296.83 293.32 303.03 305.72 299.52 328.56 DOWN

MARUTI 6717.3 6546.53 6375.77 6841.53 6965.77 6670.77 8789.86 DOWN

MCDOWELL-N 518.05 509.17 500.28 532.87 547.68 523.98 632.76 DOWN

MCX 724.4 685.27 646.13 755.77 787.13 716.63 785.04 DOWN

MGL 814.6 803.08 791.57 825.08 835.57 813.57 905.79 DOWN

MOTHERSUMI 225.95 222.32 218.68 231.67 237.38 228.03 314.26 DOWN

MRF 63056.15 61340.93 59625.71 64096.43 65136.71 62381.21 72558.71 DOWN

MRPL 81.35 79.43 77.52 83.33 85.32 81.42 97.76 DOWN

MUTHOOTFIN 398.75 390.45 382.15 403.6 408.45 395.3 411.36 DOWN

NATIONALUM 67.5 65.58 63.67 68.63 69.77 66.72 70.23 DOWN

NBCC 51.75 50.25 48.75 53.8 55.85 52.3 87.08 DOWN

NCC 66.85 64.3 61.75 68.35 69.85 65.8 107.59 DOWN

NMDC 106.3 103.77 101.23 109.12 111.93 106.58 118.69 DOWN

NTPC 159.3 155.98 152.67 161.43 163.57 158.12 165.06 DOWN

OIL 200.15 195.4 190.65 203.45 206.75 198.7 220.89 DOWN

ONGC 151.8 148.7 145.6 155.85 159.9 152.75 175.75 DOWN

ORIENTBANK 65.95 64.03 62.12 67.33 68.72 65.42 86.9 DOWN

PCJEWELLER 49.35 46.55 43.75 52.45 55.55 49.65 217.52 DOWN

PEL 1924.35 1833.93 1743.52 1975.73 2027.12 1885.32 2578.93 DOWN

PETRONET 217.9 212.27 206.63 221.17 224.43 215.53 228.58 DOWN

PFC 84.25 82.07 79.88 85.72 87.18 83.53 88.63 DOWN

PIDILITIND 936.3 922.57 908.83 945.52 954.73 931.78 1021.24 DOWN

PNB 66.15 65.18 64.22 67.18 68.22 66.22 97.61 DOWN

POWERGRID 188.4 187.13 185.87 190.33 192.27 189.07 195.19 DOWN

PTC 75.75 74.17 72.58 76.82 77.88 75.23 87.74 DOWN

PVR 1295.1 1251.4 1207.7 1329.4 1363.7 1285.7 1330.21 DOWN

RAMCOCEM 561.3 552.13 542.97 574.33 587.37 565.17 723.65 DOWN

RAYMOND 692.2 641.63 591.07 722.63 753.07 672.07 914.88 DOWN

RBLBANK 498.9 487.7 476.5 508.7 518.5 497.5 528.8 DOWN

RCOM 10 9.73 9.47 10.33 10.67 10.07 19.03 DOWN

RECLTD 107 104.6 102.2 108.5 110 106.1 121.56 DOWN

RELCAPITAL 224.2 219.2 214.2 231.6 239 226.6 416.72 DOWN

RELIANCE 1044.9 1025.6 1006.3 1060.6 1076.3 1041.3 1027.53 UP

RELINFRA 331.7 325.62 319.53 339.77 347.83 333.68 424.76 DOWN

REPCOHOME 331.3 316.72 302.13 344.82 358.33 330.23 563.48 DOWN

RPOWER 27.4 26.87 26.33 27.97 28.53 27.43 36.81 DOWN

SAIL 63.2 62 60.8 64.2 65.2 63 78.43 DOWN

SBIN 248.1 246.17 244.23 251.27 254.43 249.33 272.53 DOWN

SHREECEM 13568.85 13373.18 13177.52 13802.98 14037.12 13607.32 16843.01 DOWN

SIEMENS 865.75 853.77 841.78 884.02 902.28 872.03 1064.27 DOWN

SOUTHBANK 13.3 13.03 12.77 13.58 13.87 13.32 22.75 DOWN

SREINFRA 28.4 27.22 26.03 29.62 30.83 28.43 68.77 DOWN

SRF 1791.55 1738.4 1685.25 1822.35 1853.15 1769.2 1898.39 DOWN

SRTRANSFIN 1071.75 1037.2 1002.65 1110.1 1148.45 1075.55 1360.63 DOWN

STAR 399.6 390.85 382.1 407.65 415.7 398.9 540.13 DOWN

SUNPHARMA 554.05 548.87 543.68 560.37 566.68 555.18 558.29 DOWN

SUNTV 620.1 602.58 585.07 636.53 652.97 619.02 845.61 DOWN

SUZLON 6.05 5.85 5.65 6.2 6.35 6 9.63 DOWN

SYNDIBANK 31.2 30.67 30.13 31.72 32.23 31.18 50.1 DOWN

TATACHEM 671 657.33 643.67 679.83 688.67 666.17 712.18 DOWN

TATACOMM 446.45 435.1 423.75 458.4 470.35 447.05 591.8 DOWN

TATAELXSI 967.1 935.3 903.5 987.45 1007.8 955.65 1184.22 DOWN

TATAGLOBAL 217.6 214.57 211.53 221.82 226.03 218.78 261.5 DOWN

TATAMOTORS 168.5 165.33 162.17 172.23 175.97 169.07 305.83 DOWN

TATAMTRDVR 91.2 89.92 88.63 93.42 95.63 92.13 172.91 DOWN

TATAPOWER 68.9 67.68 66.47 70.43 71.97 69.22 78.84 DOWN

TATASTEEL 551.55 541.23 530.92 561.73 571.92 551.42 603.58 DOWN

TCS 1799.1 1775.5 1751.9 1838.3 1877.5 1814.7 1761.15 UP

TECHM 653.3 643.5 633.7 660 666.7 650.2 661.35 DOWN

TITAN 806.9 789.03 771.17 822.38 837.87 804.52 878.02 DOWN

TV18BRDCST 36.95 36.2 35.45 37.85 38.75 37.1 53.67 DOWN

TVSMOTOR 525.45 516.77 508.08 531.67 537.88 522.98 605.91 DOWN

UBL 1114.75 1089.65 1064.55 1156.2 1197.65 1131.1 1160.55 DOWN

UJJIVAN 181 165.67 150.33 197.17 213.33 181.83 360.54 DOWN

ULTRACEMCO 3386.7 3319.33 3251.97 3426.73 3466.77 3359.37 4025.46 DOWN

UNIONBANK 62.15 60.93 59.72 63.68 65.22 62.47 94.07 DOWN

VEDL 203.65 199.28 194.92 207.73 211.82 203.37 264.66 DOWN

VGUARD 174.85 171.4 167.95 177.9 180.95 174.45 215.31 DOWN

VOLTAS 506.95 497 487.05 523.45 539.95 513.5 582.24 DOWN

WIPRO 320.6 316.9 313.2 323.4 326.2 319.7 290.6 UP

WOCKPHARMA 446.3 434.6 422.9 460.85 475.4 449.15 696.62 DOWN

YESBANK 180.7 168.98 157.27 192.03 203.37 180.32 325.58 DOWN

ZEEL 421.7 414 406.3 431.25 440.8 423.55 542.08 DOWN

CommodityExchange Close S1 S2 R1 R2200 Day

SMA Reversal

Point Trend

WEEKLY PIVOT TABLE (Commodities)



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

145.25 144 142.75 146.1 146.95 145.93 149.35 DOWN

1422.5 1422 1421.5 1423 1423.5 1120.26 1406.75 DOWN

5486 5451.33 5416.67 5529.33 5572.67 4323.41 5304 UP

3952 3928.33 3904.67 3987.33 4022.67 3831.7 4132 UP

444.7 441.73 438.77 446.58 448.47 445.78 460.95 DOWN

23140 23073.33 23006.67 23233.33 23326.67 21663.35 22630 DOWN

4951 4886 4821 4998 5045 4597.71 5198 UP

31937 31821 31705 32133 32329 30614.58 31568 DOWN

10315 10213.33 10111.67 10463.33 10611.67 8954.04 9760 UP

4713.5 4678.5 4643.5 4765 4816.5 4164.85 4522 UP

19570 19400 19230 19770 19970 17484.67 19475 UP

145.3 144.68 144.07 146.13 146.97 155.57 143.1 UP

1780.1 1770.17 1760.23 1795.77 1811.43 1471.78 1724.7 UP

233.7 229.43 225.17 236.13 238.57 195.91 227.2 UP

864.2 853.8 843.4 882.3 900.4 926.92 921.5 UP

4196 4170 4144 4226 4256 4039.52 4118 DOWN

38712 38520 38328 38955 39198 38757.55 38153 UP

3050 3050 3050 3050 3050 3614.83 3015 UP

3270 3242.67 3215.33 3306.67 3343.33 3511.6 3139 UP

198.45 196.25 194.05 199.7 200.95 200.9 192.1 UP


Comfort Securities Ltd.

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

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Documents

The Evolution of Knowledge based Research… · etc. The company currently has ten manufacturing units located at Ahmedabad, Panoli and Vadodara , Gujarat. The company is the biggest