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Welcome Note

Wednesday13th June, 2018

Stock Of The Day: (F & O)

Forecast and Analysis

CONTENTS



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


Dear Valued Investor,

Good Morning & Welcome to Wednesday’s trading action at Dalal Street, dated 13th June

2018.

The positive takeaway from Tuesday trading session was that Dalal Street took US-North

Korea summit outcome in its stride. The joint text signed by Trump and Kim, committed to

"complete denuclearization" of the Korean Peninsula.

This Wednesday morning, SGX Nifty is seen trading tentatively subdued after the annual

consumer inflation rose to 4.87% in May as compared to 4.58 per cent in April.

Focus now shifts away from Trump-Kim summit to the three central bank

meetings slated in next three days.

1. The Federal Reserve is expected to raise interest rates when its two-day meeting

concludes on Wednesday.

2. The European Central Bank policy makers are expected to announce the timing of a

reduction of its crisis-era asset-purchase initiative on Thursday.

3. On June 15, Bank of Japan holds monetary policy meeting.

Amongst key domestic macro watch:

• On June 14th, the Indian government will announce inflation data of WPI for May

2018.

What Technical Tells Us on Nifty: CTRL Z function was into play in yesterday’s trade at

Dalal Street; as the benchmark Nifty reversed all its Monday’s losses. (Ctrl+Z: undo the

object deletion).

Nifty’s spectacular come back indicates strength and is eye-popping. We say so because,

investors did not resort to ‘buy the rumor, sell the fact’ after Trump-Kim summit.

The BSE Mid-Cap index recovered yesterday, up +0.84%. The BSE Small-Cap Index too

recovered by 0.65%. Both the indices outperformed Sensex in Tuesday’s trade.

Technically speaking, Nifty is likely to consolidate with downside well supported at 10,761-

10,777 zone and then at 10,585. Buying on any corrective declines should be the preferred

trading strategy. Immediate upside targets on Nifty now seen at 10911 and then at 11000

mark.

The technical landscape will worsen only if Nifty slips below the 10327 mark as that would

open the door to massive technical selling, possibly quickly to the 10000-10050 zone.

The price action for Nifty is suggesting that we are likely to see a 10,550-11100 range in

near term with positive bias. Hence, establishing long positions with strict stop below

10501 should be the preferred trading strategy for the day.

Outlook for Wednesday: BUY ON CORRECTIVE DECLINES.

Judging by early trends at SGX Nifty, it appears that it will be a relatively quiet day for our

stock markets. Investors’ would prefer to stay sidelines and be reluctant to make any big

moves ahead of two central bank meetings. Meanwhile, Wall Street ended Tuesday’s

session absolutely flat, struggling for direction.

Now, before we get into detail; let’s look at major instruments.

7 AM GLOBAL UPDATE: DOW (-2, 25321) NASDAQ (+44, 7704) SGX NIFTY (-15,

10832) OIL (+0.36, $66.46) GOLD (-3, $1301)

10843 0.52%

26607 0.56%

11243 0.03%

29061 0.88%

3287 0.61%

13859 0.62%

3235 0.25%

5053 0.93%

3629 -0.43%

8870 2.50%

292 0.41%

7727 0.69%

35693 0.59%

10823 -0.22%

Volatile session likely.

Neutral (10801-10891)

Positive (10301-11001)

Neutral (11301)

10761 & 10585

10875 & 11001

10327



Technical Strategy


Our call of the day says the benchmark Nifty may consolidate its recent gains. Any sharp

corrective declines should be well supported at 10,761-10,777 zone. Aggressive buying

recommended only above Nifty 10,875 mark.

Commodity Cues:

A. In commodities, Crude -oil prices inched up on Tuesday, despite rising Russian

production and U.S. drilling activity creeping to its highest in more than three years.

All anxious eyes now turn to OPEC’s next meeting on June 22 in Vienna.

In India, Asia's No.2 buyer, May fuel demand rose by 3.4% compared with the same

month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the

oil ministry showed on Monday.

Currencies & Bonds:

• The yield on the U.S benchmark 10-year Treasury note fell 1 basis point to 2.92%.

• The U.S. dollar was seen struggling for direction at 93.57 on Tuesday, even as

inflation data came in at a level supportive of an imminent Federal Reserve rate hike

at Wednesday’s meeting, and the U.S. and North Korea signed a historic

denuclearization deal.

• Euro was seen drifting in Tuesday’s trade as attention shifts on the European Central

Bank that is likely to provide guidance this week on how it plans to wind down its

quantitative easing program.

• In Tuesday’s trade, the USD/INR gained 5 paise amidst value buying.

Macro Watch:

• This June 14th, the Indian government will announce inflation data of WPI for May

2018.

• Today late in the evening, the US Federal Reserve ends a two-day meeting with a

decision on interest rates and a statement on the economy. The central bank is

widely expected to raise its target for short term interest rate for the second time

this year. The Federal Reserve left its target range for the federal funds rate steady

at 1.5-1.75% during its May 2018 meeting, in line with market expectations.

• Rain seen progressing in parts of Maharashtra, Karnataka - IMD

• The key takeaway from RBI’s MPC’s policy meet outcome: RBI’s ‘neutral’ stance

and most importantly RBI’s maintaining GDP growth target for FY19 at 7.4%. The

key positive takeaway was that the stance was neutral, which indicates a dovish

tone.

Long story short: The street seems to have already factored the repo rate hike, and

that’s good news for bulls camp.

• On June 14, the ECB Governing Council meeting will be followed by interest rate

announcement.

• On June 15, Bank of Japan holds monetary policy meeting.

Stocks To Watch:

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

AUTO, BHARAT FINANCIAL and ADANI PORTS.

• Bullish stocks: INDUSIND BANK, TECH MAHINDRA, CAPITAL FIRST, JUBILANT

FOODS, MARICO, TVS MORORS, MCDOWELL, L&T FINANCIAL, BAJAJ FINANCE,

JSW STEEL, HINDALCO, M&M, MARUTI.

Action

Target

Support

Resistance

Holding Period

RELIANCE INDUSTRIES (RIL) 997.15

BUY ON DIPS.

837

965/901

1011/1045

21 Days.

Technically, Reliance Industries (RIL) is signaling

a major breakout on the monthly charts from a

higher consolidation zone.

The stock is in bullish position where it wants to

ascent above its all-time-high at 1011 zone. The

sequence of higher high/low is intact on weekly

and monthly charts time frame.

The momentum oscillators are likely to shift on

buy side only on any move above 805 zone and

such up move needs to be backed by increases in

volumes.

Key support to watch in near term is at 965 zone.

Medium term supports seen at 901 zone.

Establish long positions between 975-985 zone,

targeting 1011 and then aggressive targets

located at 1045-1051 zone. Stop 939.



‘30,000 feet

view’: The big

picture of

Dalal Street


• Bearish stocks: EICHER MOTORS, LIC HOUSING FINANCE, WOCKHARDT,

MANAPURAM, MOTHERSON SUMI, INDIA CEMENTS, STAR, SUZLON, BANK OF

INDIA, WIPRO.

• Show Me the Money: Buy TECH MAHINDRA (CMP 709.10): A probable 'ascending

triangle' breakout seen on day charts. Key interweek support seen at 697.

Interweek Strategy: Buying between 707-711 zone, targeting 723 and then at 735-

737.50 zone. Stop below 695.

• JSW Steel crude steel production 1.4mn tons in May, up 3% YoY and flat rolled

products output in May 956000 tons, up 2% YoY .

• Tata Steel may be declared Bhushan Power Winning Bidder: Liberty House offer

may be rejected on lack of clarity concerning source of funds, CNBC-TV18 reports.

• Adani Wilmar identified as highest bidders for Ruchi Soya.

• L&T wins contract worth Rs13.87bn.

• Stocks banned in F&O segment for today: BALRAMCHIN, DHFL, JET AIRWAYS,

JUST DIAL.

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

For the day, on improving technical conditions buying on any corrective weakness should

be the preferred trading strategy.

Preferred trade on Nifty: Nifty (10843): Buy between 10765-10777 zone, targeting

10901 and then at 10951-11000 zone with stop at 10571.

Preferred trade on Bank Nifty: Bank Nifty (26607): Buy at CMP, targeting 26750 zone

and then at 27101-27251 zone with strict stop at 26101.

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


The stock is signaling a major rebound from a lower consolidation on daily charts. Intermonth Strategy: Establish long positions at CMP, targeting 2947 and then aggressive targets located at 3100-3172 zone. Stop above 2801.

The stock is signaling a major breakout from a higher consolidation on daily charts. Interweek Strategy: Establish long positions between 1171-1175 zone, targeting 1201 and then aggressive targets located at 1217-1221 zone. Stop above 1161.

CAPF ended on a strong note in yesterday's trading session, up 1%. A major rebound play in cards. Key interweek support seen at 549. Interweek Strategy: Buying between 571-575 zone, targeting 602.50 and then at 621-625 zone. Stop below 549.

Momentum oscillators continue to be in buy mode. Confirmation of strength above 1055. Interweek Strategy: Buy between 1031-1035 zone, targeting 1061 and then more aggressive targets located at 1097-1107 zone. Stop below 1021.

Extremely oversold conditions prevail. The interweek risk is on the upside with immediate targets at 601. Momentum oscillators shifting on buy side. Interweek Strategy: Buy at CMP, targeting 601 and then at 615-621 zone with stop below 567.

Stocks likely to stay in bullish mood. We like Bharat Financial.

BAJAJ AUTO

BHARAT FINANCIAL

CAPITAL FIRST

MINDTREE

TVS MOTORS

2887.25 2847 2801 2947 3172 Positive

1186.7 1165 1145 1201 1221 Positive

578.65 563 549 602.5 625 Positive

1044 1021 1011 1055 1107 Positive

582.05 569 555 601 621 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:

CTRL Z function was into play in yesterday’s trade at Dalal Street; as the benchmark Nifty reversed

all its Monday’s losses. (Ctrl+Z: undo the object deletion). Nifty’s spectacular come back indicates strength and is eye-popping. We say so because, investors

did not resort to ‘buy the rumor, sell the fact’ after Trump-Kim summit. Away from Trump-Kim summit, worldwide investors will also begin to focus on the two central bank

meetings slated this week. The Federal Reserve is expected to raise interest rates when its two-day

meeting concludes on Wednesday, while European Central Bank policy makers are expected to

announce the timing of a reduction of its crisis-era asset-purchase initiative on Thursday.

The BSE Mid-Cap index recovered yesterday, up +0.84%. The BSE Small-Cap Index too recovered

by 0.65%. Both the indices outperformed Sensex in Tuesday’s trade.

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

1.94%), BSE Capital Goods Index (up 1.19%), BSE FMCG (up 0.73%), BSE PSU (up 0.71%).

Amongst the sectoral indices, underperforming the Sensex/Nifty were BSE Metal (down -0.56%),

BSE Auto (up 0.04%), BSE Power (up 0.24%).

Amongst stock specific action, positive bias was seen in stocks like Lupin (up 5.62%), Dr. Reddy (up

5.16%), SBIN (up 3.23%).

Among stocks drifting down were: Bharti Airtel (down -2.10%), Hindalco (down -1.66%), Eicher

Motors (down -1.58%).

Going forward, in Wednesday’s session, Nifty may most likely trade with positive bias with targets

at 11,000 mark. The make or break support levels on Nifty are at 10,751 mark.

Nifty’ must watch support levels would be 10,600 mark as maximum Put OI contracts were seen at

strike price 10,600 followed by 10,700 strike price. Maximum put writing was seen at the strike

prices of 10,800. Put unwinding was seen at the strike price of 10,400.

Nifty’s key hurdle remains at psychological 11000 mark with maximum OI at 11000 strike price;

followed by 10,900 call option. Call writing was seen at the strike price of 11,100, followed by

10,900 strike price. Call unwinding was seen at the strike price of 10,700.

As per Tuesday’s provisional data available on the NSE, Foreign institutional investors (FIIs) sold

shares for 5th straight day worth Rs. 1168.88 crore, while domestic institutional investors bought

shares worth Rs 1327.45 crore in the Indian equity market.

Highest OI Nifty: Calls 11000: 43.62 L - Puts 10600: 50.69 L

Highest OI Bank Nifty: Calls 27000: 9.88 L - Puts 26000: 8.03 L

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

Long Buildup: SBIN, RELIANCE, TCS, KPIT, STAR.

Short Buildup: UPL, COAL INDIA, GRASIM.

Short Covering: FEDBANK, AUROPHARMA, ASHOK LEYLAND, GSFC.

Long Unwinding: ARVIND, EQUITAS, ULTRATECH, CHENNAIPETRO.

Stocks banned in F&O segment for today: BALRAMCHIN, DHFL, JET AIRWAYS, JUST DIAL.

New In Ban: JUST DIAL.

Out of Ban: NIL.

Future Call: Buy CANARA BANK June Futures between 278-280.50

zone. Targets: 289 and then at 301. Stop: 267. Analyst’s Remark:

Momentum Play. (Canara Bank Futures CMP 281.50).

Option Call: Sell Bank Nifty June PE strike price 26400 at CMP

79.25. Maximum Profit: Rs. 3170. Loss: Unlimited. Stop: Exit Put

Option if Bank Nifty closes below 26500. (BANK NIFTY 14th JUNE

Futures CMP 26616).

10842.85 (+0.52%)

26607.10 (+0.58%)

12.73 (-3.41%)

+04 vs -01

2.44 crores (+3.63%)

27.87 lakhs (+5.03%)

2837.61 2573.53

27770.94 26706.03

489426 540038.38

202354 18375

777381 49540

3989276 382895

576688 38616

5545699 489426

Calls in lakhs (%Change)

10900 31.03 (+35%)

11000 43.62 (+36%)

10800 29.85 (+30%)

Puts in lakhs (% Change)

10700 46.48 (-28%)

10800 29.26 (-25%)

10600 50.69 (+2%)

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 10842.85 10802.65 10762.45 10869.8 10896.75 10829.6 10384.75 UP

BANKNIFTY 26607.1 26485.82 26364.53 26692.42 26777.73 26571.13 25287.74 UP

NIFTYMID50 5053.45 5019.22 4984.98 5073.97 5094.48 5039.73 5128.39 DOWN

ACC 1315.7 1305.05 1294.4 1327.85 1340 1317.2 1640.48 DOWN

ADANIENT 127.65 126.23 124.82 128.98 130.32 127.57 151.88 DOWN

ADANIPORTS 388.9 383.92 378.93 392.32 395.73 387.33 398.81 DOWN

AJANTPHARM 1017.5 997.83 978.17 1035.33 1053.17 1015.67 1290.6 DOWN

ALBK 45.75 45.17 44.58 46.17 46.58 45.58 62.04 DOWN

AMARAJABAT 777.75 772.83 767.92 781.83 785.92 776.92 791.19 DOWN

ANDHRABANK 36.95 36.45 35.95 37.45 37.95 36.95 50.96 DOWN

APOLLOTYRE 275.3 273.42 271.53 276.77 278.23 274.88 262.71 UP

ARVIND 405.25 400.83 396.42 411.43 417.62 407.02 410.99 DOWN

ASHOKLEY 144.15 141.93 139.72 145.63 147.12 143.42 131.46 UP

ASIANPAINT 1287.7 1277.93 1268.17 1294.73 1301.77 1284.97 1176.01 UP

AUROPHARMA 595.55 582.27 568.98 604.17 612.78 590.88 658.66 DOWN

AXISBANK 537.15 533.8 530.45 542.5 547.85 539.15 532.53 UP

BAJAJ-AUTO 2887.25 2867.37 2847.48 2909.82 2932.38 2889.93 3050.67 DOWN

BAJAJFINSV 6078.55 6042.57 6006.58 6117.27 6155.98 6081.28 5273.51 UP

BAJFINANCE 2261.25 2239.17 2217.08 2280.17 2299.08 2258.08 1816.88 UP

BALKRISIND 1119.1 1112.85 1106.6 1126 1132.9 1119.75 1052.82 UP

BALRAMCHIN 72.35 70.5 68.65 73.7 75.05 71.85 123.73 DOWN

BANKBARODA 133.35 132.25 131.15 134.55 135.75 133.45 151.09 DOWN

BANKINDIA 101.4 99.98 98.57 102.33 103.27 100.92 141.41 DOWN

BATAINDIA 775.5 769.67 763.83 784.67 793.83 778.83 743.16 UP

BEL 121.4 119.32 117.23 122.67 123.93 120.58 159.73 DOWN

BEML 885.45 864.75 844.05 899.4 913.35 878.7 1410.95 DOWN

BERGEPAINT 283.95 281.4 278.85 285.6 287.25 283.05 260.4 UP

BHARATFIN 1186.7 1171.13 1155.57 1199.13 1211.57 1183.57 1033.73 UP

BHARATFORG 651.95 645.98 640.02 657.43 662.92 651.47 695.33 DOWN

BHARTIARTL 380.65 375.67 370.68 389.52 398.38 384.53 439.46 DOWN

BHEL 78.3 76.97 75.63 79.17 80.03 77.83 88.49 DOWN

BIOCON 616.8 605.1 593.4 625.45 634.1 613.75 517.43 UP

BPCL 415.1 413.03 410.97 418.83 422.57 416.77 467.58 DOWN

BRITANNIA 5946.6 5886.43 5826.27 5980.88 6015.17 5920.72 4861.85 UP

CANBK 279.5 274.8 270.1 282.6 285.7 277.9 318.81 DOWN

CANFINHOME 364.45 360.18 355.92 370.03 375.62 365.77 477.44 DOWN

CAPF 578.65 573.02 567.38 583.87 589.08 578.23 687.54 DOWN

CASTROLIND 170.75 167.17 163.58 172.92 175.08 169.33 190.34 DOWN

CEATLTD 1380.3 1366.57 1352.83 1400.47 1420.63 1386.73 1665.13 DOWN

CENTURYTEX 933.6 925.47 917.33 941.32 949.03 933.18 1246.95 DOWN

CESC 1001.25 997.03 992.82 1007.08 1012.92 1002.87 1023.55 DOWN

CGPOWER 57.75 56.9 56.05 59 60.25 58.15 82.43 DOWN

CHENNPETRO 310.8 307.07 303.33 316.67 322.53 312.93 386.15 DOWN

CHOLAFIN 1618 1585.4 1552.8 1636.75 1655.5 1604.15 1349.47 UP

CIPLA 567.1 561.07 555.03 573.07 579.03 567.03 585.59 DOWN

COALINDIA 283.55 281.1 278.65 287.9 292.25 285.45 279.76 UP

COLPAL 1225.55 1216.47 1207.38 1233.42 1241.28 1224.33 1083.66 UP

CONCOR 1336.05 1313.78 1291.52 1351.18 1366.32 1328.92 1334.39 UP

CUMMINSIND 683.7 677.95 672.2 690.1 696.5 684.35 836.51 DOWN

DABUR 387 385.15 383.3 389 391 387.15 340.62 UP

DALMIABHA 2511.9 2468.98 2426.07 2579.48 2647.07 2536.57 2877.9 DOWN

DCBBANK 176.25 173.68 171.12 179.23 182.22 176.67 180.8 DOWN

DHFL 621.75 616.27 610.78 627.12 632.48 621.63 578.01 UP

DISHTV 72.75 72.12 71.48 73.42 74.08 72.78 75.55 DOWN

DIVISLAB 1064.15 1030.77 997.38 1086.77 1109.38 1053.38 1020.56 UP

DLF 205.1 201.85 198.6 207.3 209.5 204.05 213.79 DOWN

DRREDDY 2190.65 2126.77 2062.88 2224.77 2258.88 2160.88 2227.01 DOWN

EICHERMOT 29208.4 28912.62 28616.83 29741.57 30274.73 29445.78 29823.88 DOWN

ENGINERSIN 137.25 134.17 131.08 139.17 141.08 136.08 166.13 DOWN

EQUITAS 154.4 152.87 151.33 155.57 156.73 154.03 151.38 UP

ESCORTS 923 916.53 910.07 928.43 933.87 921.97 795.12 UP

EXIDEIND 252.55 250.38 248.22 254.58 256.62 252.42 219.95 UP

FEDERALBNK 88.45 86.63 84.82 89.88 91.32 88.07 103.33 DOWN

FORTIS 139.95 137.72 135.48 142.97 145.98 140.73 146.65 DOWN

GAIL 343.3 340.53 337.77 346.03 348.77 343.27 333.14 UP

GLENMARK 588.05 567.53 547.02 602.28 616.52 581.77 572.79 UP

GMRINFRA 16.55 16.32 16.08 16.77 16.98 16.53 18.5 DOWN

GODREJCP 1171.95 1148.4 1124.85 1187.85 1203.75 1164.3 1018.4 UP

GODREJIND 608.65 601.4 594.15 612.95 617.25 605.7 584.46 UP

GRANULES 84.5 81.08 77.67 86.43 88.37 83.02 118.74 DOWN

GRASIM 1038.8 1029.2 1019.6 1051.2 1063.6 1041.6 1139.13 DOWN

GSFC 117.75 116.1 114.45 118.8 119.85 117.15 135.55 DOWN

HAVELLS 557.75 552.52 547.28 563.07 568.38 557.83 523.45 UP

HCC 15.15 14.72 14.28 15.47 15.78 15.03 31.78 DOWN

HCLTECH 914.8 909.63 904.47 921.98 929.17 916.82 912.57 UP

HDFC 1847.7 1838.9 1830.1 1855.65 1863.6 1846.85 1788.64 UP

HDFCBANK 2043.85 2037.27 2030.68 2051.57 2059.28 2044.98 1884.11 UP

HDIL 23.4 22.97 22.53 23.77 24.13 23.33 50.4 DOWN

HEROMOTOCO 3687.85 3622.03 3556.22 3732.93 3778.02 3667.12 3679.48 UP

HEXAWARE 441.7 435.2 428.7 446 450.3 439.5 348.71 UP

HINDALCO 240.65 237.6 234.55 244.8 248.95 241.75 246.01 DOWN

HINDPETRO 316.9 314.55 312.2 319.1 321.3 316.75 392.92 DOWN

HINDUNILVR 1638.45 1604.23 1570.02 1658.83 1679.22 1624.62 1344.78 UP

HINDZINC 303.75 300 296.25 305.9 308.05 302.15 307.21 DOWN

IBREALEST 173.85 171.9 169.95 175.45 177.05 173.5 212.66 DOWN

IBULHSGFIN 1220.75 1191.35 1161.95 1241.55 1262.35 1212.15 1246.11 DOWN

ICICIBANK 287.4 285.38 283.37 289.28 291.17 287.27 301.69 DOWN

ICICIPRULI 422 416.1 410.2 426.9 431.8 421 402.22 UP

ICIL 70.05 69.23 68.42 70.88 71.72 70.07 104.56 DOWN

IDBI 61.5 60.68 59.87 62.23 62.97 61.42 62.96 DOWN

IDEA 65.25 63.58 61.92 66.38 67.52 64.72 83.39 DOWN

IDFC 50.75 50.15 49.55 51.25 51.75 50.65 56.89 DOWN

IDFCBANK 42.95 42.22 41.48 43.47 43.98 42.73 52.75 DOWN

IGL 273.4 269.93 266.47 278.08 282.77 274.62 296.97 DOWN

INDIACEM 118.65 116.6 114.55 120.6 122.55 118.55 163.98 DOWN

INDIANB 361.85 358.55 355.25 366.75 371.65 363.45 330.58 UP

INDIGO 1196.5 1187.97 1179.43 1205.52 1214.53 1196.98 1224.95 DOWN

INDUSINDBK 1954.75 1922.35 1889.95 1972.8 1990.85 1940.4 1734.52 UP

INFIBEAM 152 150.93 149.87 153.03 154.07 151.97 155.08 DOWN

INFRATEL 299.75 298.23 296.72 301.63 303.52 300.12 361.26 DOWN

INFY 1258.5 1248.88 1239.27 1269.68 1280.87 1260.07 1057.61 UP

IOC 174.15 172.83 171.52 175.63 177.12 174.32 191.05 DOWN

IRB 235.3 232.47 229.63 237.97 240.63 235.13 230.75 UP

ITC 270.25 268.13 266.02 273.48 276.72 271.37 265.7 UP

JETAIRWAYS 390.7 382.9 375.1 401 411.3 393.2 625.71 DOWN

JINDALSTEL 246.7 240.55 234.4 250.4 254.1 244.25 207.73 UP

JISLJALEQS 101.8 101.05 100.3 102.85 103.9 102.1 111.32 DOWN

JPASSOCIAT 14.6 14.37 14.13 14.87 15.13 14.63 19.05 DOWN

JSWENERGY 74.8 73.55 72.3 75.95 77.1 74.7 79.81 DOWN

JSWSTEEL 341.35 338.07 334.78 345.07 348.78 341.78 284.45 UP

JUBLFOOD 2697.3 2678.73 2660.17 2719.83 2742.37 2701.27 1955.74 UP

JUSTDIAL 582.4 564.83 547.27 593.48 604.57 575.92 468.2 UP

KOTAKBANK 1329.3 1322.05 1314.8 1334.6 1339.9 1327.35 1082.42 UP

KPIT 284.6 276.98 269.37 290.03 295.47 282.42 191.31 UP

KSCL 531.75 523.42 515.08 537.77 543.78 529.43 524.2 UP

KTKBANK 120.15 118.88 117.62 121.23 122.32 119.97 140.34 DOWN

L&TFH 167.95 166.97 165.98 169.17 170.38 168.18 177.82 DOWN

LICHSGFIN 500.8 496.85 492.9 505.25 509.7 501.3 566.17 DOWN

LT 1366.4 1351.18 1335.97 1375.03 1383.67 1359.82 1275.48 UP

LUPIN 855 823.37 791.73 874.27 893.53 842.63 869.19 DOWN

M&M 917.6 912.3 907 924.65 931.7 919.35 743.88 UP

M&MFIN 490.9 486.33 481.77 494.63 498.37 490.07 454.86 UP

MANAPPURAM 108.85 107.4 105.95 109.8 110.75 108.35 107.61 UP

MARICO 342.3 339.33 336.37 347.13 351.97 344.17 315.49 UP

MARUTI 9016.75 8959.5 8902.25 9069.5 9122.25 9012.25 8676.2 UP

MCDOWELL-N 3428.05 3383.57 3339.08 3458.77 3489.48 3414.28 3148.32 UP

MCX 833.35 825.57 817.78 843.57 853.78 835.78 892.72 DOWN

MGL 837.05 827.93 818.82 851.53 866.02 842.42 1033 DOWN

MOTHERSUMI 311.7 308.77 305.83 314.77 317.83 311.83 344.58 DOWN

MRF 75580.7 75002.5 74424.3 76509.45 77438.2 75931.25 70047.6 UP

MRPL 95.6 94.9 94.2 96.4 97.2 95.7 120.14 DOWN

MUTHOOTFIN 395.55 393.32 391.08 398.12 400.68 395.88 441.17 DOWN

NATIONALUM 73.2 71.8 70.4 74.2 75.2 72.8 77.3 DOWN

NCC 112.85 111.63 110.42 114.28 115.72 113.07 113.91 DOWN

NMDC 116.95 115.23 113.52 118.28 119.62 116.57 127.79 DOWN

NTPC 161.3 160.62 159.93 162.27 163.23 161.58 171.7 DOWN

OFSS 3988.8 3922.53 3856.27 4037.53 4086.27 3971.27 3850.74 UP

ONGC 171.4 169.6 167.8 174.4 177.4 172.6 181.01 DOWN

ORIENTBANK 85.7 83.35 81 87 88.3 84.65 111.06 DOWN

PCJEWELLER 146.25 144.3 142.35 149 151.75 147.05 348.2 DOWN

PEL 2450.05 2421.07 2392.08 2469.52 2488.98 2440.53 2643.32 DOWN

PETRONET 220.55 218.92 217.28 221.77 222.98 220.13 239.67 DOWN

PFC 84.1 83.13 82.17 84.83 85.57 83.87 107.03 DOWN

PIDILITIND 1058.6 1051.4 1044.2 1065.9 1073.2 1058.7 911.14 UP

PNB 91.75 90.7 89.65 92.75 93.75 91.7 136.64 DOWN

POWERGRID 195.05 193.48 191.92 196.53 198.02 194.97 203.97 DOWN

PTC 84.9 83.1 81.3 86.45 88 84.65 106.31 DOWN

PVR 1426.6 1411.4 1396.2 1440.4 1454.2 1425.2 1351.72 UP

RAMCOCEM 748.95 743.7 738.45 752.5 756.05 747.25 748.64 UP

RAYMOND 989.5 981.47 973.43 996.27 1003.03 988.23 966.36 UP

RBLBANK 548.15 539.7 531.25 552.8 557.45 544.35 509.41 UP

RCOM 16.1 15.17 14.23 17.02 17.93 16.08 20.47 DOWN

RECLTD 116.45 114.93 113.42 117.58 118.72 116.07 141.01 DOWN

RELCAPITAL 427.05 416.63 406.22 433.43 439.82 423.02 501.59 DOWN

RELIANCE 997.15 984.97 972.78 1004.67 1012.18 992.48 909.97 UP

RELINFRA 440.1 430.47 420.83 446.87 453.63 437.23 465.45 DOWN

REPCOHOME 561.45 555 548.55 570.2 578.95 563.75 615.72 DOWN

RPOWER 36.3 35.6 34.9 36.85 37.4 36.15 40.89 DOWN

SAIL 89.3 86 82.7 91.7 94.1 88.4 76.53 UP

SBIN 282.85 276.43 270.02 286.83 290.82 280.42 280.11 UP

SHREECEM 16255 16053.33 15851.67 16593.33 16931.67 16391.67 17223.68 DOWN

SIEMENS 1043.05 1029.37 1015.68 1052.37 1061.68 1038.68 1184.05 DOWN

SOUTHBANK 24.85 24.68 24.52 25.08 25.32 24.92 28.45 DOWN

SREINFRA 75.4 74.6 73.8 76.4 77.4 75.6 94.88 DOWN

SRF 1865.55 1855.68 1845.82 1880.73 1895.92 1870.87 1855.14 UP

SRTRANSFIN 1505.15 1473.7 1442.25 1525.5 1545.85 1494.05 1334.45 UP

STAR 363.4 352.77 342.13 371.52 379.63 360.88 739.19 DOWN

SUNPHARMA 540.45 532.88 525.32 546.48 552.52 538.92 525.38 UP

SUNTV 938.1 919.07 900.03 949.57 961.03 930.53 892.61 UP

SUZLON 8.25 8.12 7.98 8.47 8.68 8.33 13.45 DOWN

SYNDIBANK 51.4 50.68 49.97 51.93 52.47 51.22 67.46 DOWN

TATACHEM 745.2 732.98 720.77 752.58 759.97 740.37 706.92 UP

TATACOMM 608.2 604.58 600.97 613.38 618.57 609.77 655.77 DOWN

TATAELXSI 1277.9 1241.43 1204.97 1298.93 1319.97 1262.47 994.05 UP

TATAGLOBAL 267.6 264.1 260.6 269.75 271.9 266.25 260.91 UP

TATAMOTORS 307.8 305.45 303.1 311.9 316 309.55 380.92 DOWN

TATAMTRDVR 184.9 183.67 182.43 186.82 188.73 185.58 216.62 DOWN

TATAPOWER 77.8 77.27 76.73 78.77 79.73 78.23 85.25 DOWN

TATASTEEL 580 575.22 570.43 586.77 593.53 581.98 661.6 DOWN

TCS 1781 1761 1741 1793 1805 1773 753.03 UP

TECHM 709.1 704.05 699 716.4 723.7 711.35 557.9 UP

TITAN 904.7 900.2 895.7 910.1 915.5 905.6 809.44 UP

TV18BRDCST 57.5 56.37 55.23 58.27 59.03 57.13 54.17 UP

TVSMOTOR 582.05 577.2 572.35 587.8 593.55 582.95 666.81 DOWN

UBL 1289.8 1276.22 1262.63 1299.17 1308.53 1285.58 1030.46 UP

UJJIVAN 397.8 394.92 392.03 400.52 403.23 397.63 372.17 UP

ULTRACEMCO 3766.2 3742.73 3719.27 3802.28 3838.37 3778.82 4116.44 DOWN

UNIONBANK 94.55 93.02 91.48 95.57 96.58 94.03 125.41 DOWN

UPL 688.7 683.08 677.47 698.93 709.17 693.32 752.28 DOWN

VEDL 245.5 243.48 241.47 247.38 249.27 245.37 291.83 DOWN

VOLTAS 533.25 524 514.75 538.6 543.95 529.35 590.36 DOWN

WIPRO 266.45 264.95 263.45 268.55 270.65 267.05 290.87 DOWN

WOCKPHARMA 703 690.7 678.4 714.6 726.2 702.3 735.88 DOWN

YESBANK 332.2 329.62 327.03 336.37 340.53 333.78 331.54 UP

ZEEL 565.2 562.3 559.4 569.05 572.9 566.15 561.24 UP



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 consolidating. Bias continues to be positive. Interweek Strategy: Establish long positions on dips to 30250-30350 zone, targeting 31387 zone and then at 31600-31709 zone with stop at 29981.

Silver prices too were seen consolidating in yesterday's trade, unable to get any traction. Bias shifts to positive. Establish long positions between 39000-39100 zone, targeting 40001 and then at 40951-41001 zone with stop at 38251.

The biggest support level to watch is at 4211. Interweek strategy: Buy at CMP, targeting 4501 zone and then at 4811-4825 zone with stop at 4211.

Copper prices were seen trading with slight negative bias amidst profit booking. Support now seen at 473. Interweek strategy: Establish buy positions between 481-483 zone, targeting 501 and then at 505-511 zone with stop at 473.

Natural Gas prices were seen inching up in yesterday's trade amidst value buying. Key supports now at 187.05. Interweek strategy: Establish long positions between 193-195 zone, targeting 207.50 and then aggressive targets at 215-221 zone with stop at 185.45.

USD/INR was seen drifting in yesterday's trade amidst strength in domestic stock markets. Key interweek support seen at 66.45. Hurdles now seen at 70.05. Interweek Strategy: Buy at CMP, targeting 68.45 and then aggressive targets at 70-70.05 zone with stop below 66.71.

13183 30251 29901 31387 31709 Positive

40742 39001 38251 40501 41001 Positive

4484 4305 4211 4611 4971 Positive

485 481 473 501 505 Positive

197.70 187.00 175.00 207.50 221.00 Positive

67.48 66.75 65.90 68.45 70.05 Positive

The technical landscape for MCX Copper continues to be positive. Buy on any corrective declines.

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 seen consolidating, with investors underwhelmed by Trump-Kim pledge. Fed meet outcome eyed.

In yesterday's trade, gold prices were seen trading in a range, struggling to inch up. Confirmation of strength only above 1309. Interweek strategy: Establish long positions at CMP, targeting 1309 zone and then at 1317-1321 zone with stop at 1283.

Silver was seen trading rangebound, bit subdued, tracking rangebound gold prices. Confirmation of strength only above 16.95. Interweek strategy: Establish long positions at CMP, targeting 16.95 and then at 17.75-18.01 zone with stop at 15.65.

Crude-Oil prices were seen inching up in yesterday's trade. Major hurdles now seen at 69.05. Interweek strategy: Buy at CMP, targeting 69 zone and then at 72.50-73.05 zone with stop at 64.05.

The EUR/USD was seen trading rangebound in yesterday's trade amidst value buying. 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 consolidating in yesterday's trade. Technically, bias shifts to neutral/negative. Hurdles at 95. Downside well supported at 92.50. Major weakness now below 92.50.

The Dow Jones Industrial Average was consolidating n yesterday's trade with investors underwhelmed by Trump-Kim pledge. Focus shifts to Fed's meet outcome.Technically, hurdles seen at 26125.

1303 1295 1283 1309 1321 Neutral

16.81 15.75 15.05 16.95 17.75 Neutral

66.5 64.25 62.5 69.05 73.05 Neutral

1.1783 1.1505 1.4445 1.1901 1.2205 Neutral

93.60 92.05 89.25 95.00 97.50 Neutral

25318 23405 22501 25225 26125 Negative


DAILY PIVOT TABLE



CommodityExchange Close S1 S2 R1 R2200 Day

SMA Reversal

Point Trend

MCX ALUMINUM

MCX CARDAMOM

NCDEX CASTOR

NCDEX CHANA

MCX COPPER

MCX COTTON

MCX CRUDE-OIL

MCX GOLD

NCDEX GAUR GUM

NCDEX GAUR SEED

NCDEX JEERA

MCX LEAD

MCX MENTHA OIL

MCX NATURAL GAS

MCX NICKLE

NCDEX RM SEED

MCX SILVER

NCDEX SUGAR

NCDEX SOYA BEAN

MCX ZINC

156.8 155.72 154.63 157.67 158.53 141.3 157.7 DOWN

877.9 875.37 872.83 880.07 882.23 1050.44 892.25 DOWN

3851 3810.33 3769.67 3912.33 3973.67 4286.18 4003 DOWN

3324 3283.33 3242.67 3391.33 3458.67 4370.72 3556 DOWN

485 482.55 480.1 488.7 492.4 448.93 468.25 UP

22950 22733.33 22516.67 23243.33 23536.67 19836.35 21850 UP

4472 4405.33 4338.67 4508.33 4544.67 3925.9 4565 DOWN

31216 31107.33 30998.67 31292.33 31368.67 30062.57 30705 UP

7475 7392 7309 7586 7697 8611.24 7748 DOWN

3570.5 3542.33 3514.17 3616.33 3662.17 3978.32 3727 DOWN

15940 15831.67 15723.33 16086.67 16233.33 17945.07 16395 DOWN

167.3 166.47 165.63 168.22 169.13 160.16 163.4 UP

1169.7 1156.27 1142.83 1196.57 1223.43 1415.87 1247.7 DOWN

198.7 196.8 194.9 200.5 202.3 187.61 192.9 UP

1028.6 1023.2 1017.8 1037.5 1046.4 835.12 1012.1 UP

3930 3909.33 3888.67 3966.33 4002.67 3940.95 4019 DOWN

40791 40524.66 40258.33 40938.66 41086.33 39211.56 39578 UP

2709 2709 2709 2709 2709 3619.22 2651 UP

3336 3288 3240 3432 3528 3346.11 3560 DOWN

218 216.1 214.2 219.15 220.3 211.36 209.25 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.

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