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Welcome Note

Monday22nd October, 2018

Stock Of The Day: (F & O)

Forecast and Analysis

CONTENTSCONTENTS



Title Page No.

'30,000 feet view’: The big picture of Dalal Street 04-07

Stock Of The Day: (F & O) 08-09

Equity Derivatives 10

Daily Pivot Table (Equities) 11

Forecast and Analysis 12-14

Daily Pivot Table (Commodities) 15

Disclaimer 16

'30,000 feet view’:

The big picture of Dalal Street

'30,000 feet view’:

The big picture of Dalal Street



'30,000 feet view’: newsletter provides insights and themes for Indian equity markets. We also try and cover international themes for the day. This newsletter is quite popular with traders as it covers the most preferred trading strategy for Sensex/Nifty for the day.

In Chart of the day section, we recommend a stock which is likely to move significantly in the short term, clearly defining the supports, the resistances and bias for the stock.

In a nutshell, '30,000 feet view’: covers themes and insights for the day.

‘30,000 feet view’: The big picture of Dalal Street

www.comfortsecurities.co.inEnjoy Your Comfort Zone.


Nifty Outlook

Intraday

Medium Term

Long Term

Key Levels to Watch

Nifty Support

Nifty Resistance

Pivot Level

Nifty

Outlook for the Day

INDICES

Nifty

Bank Nifty

Nifty Auto Index

Nifty FMCG Index

Nifty Infra Index

Nifty IT Index

Nifty Media Index

Nifty Midcap Index

Nifty Metal Index

Nifty Pharma Index

Nifty Reality Index

Nifty Smallcap Index

Sensex

SGX Nifty


Good Morning & Welcome to Monday's trading action at Dalal Street, dated 22nd of

October 2018.

Judging by Friday's negative close at Dalal Street and this morning's early action at SGX

Nifty, it appears that the bears will again be on a rampage. Expect fresh drubbing with

weak global cues providing as catalyst for further fall. Also, Dalal Street investors' grapple

with:

1. Recent string of defaults by non-banking financial firms on debt repayment.

2. Unabated foreign fund outflows on concerns over a slowing world economy.

3. Upcoming state elections.

4. Lingering trade war between the US and China

5. Geopolitical tensions. (Saudi Arabia- U.S.)

The big question: Sell everything??

Luckily, most of the market participants had expected this sell-off.

Last week's selling at Dalal Street indicated that Nifty bears were sharpening their claws

on the benchmark index. The charts were ugly and indicated our stock markets to come

under immense pressure in the near term.

Now technically, Nifty’s immediate support is at 10,138 mark. If Nifty moves below this

10,138 support then it makes sense to unload stocks as the next bear's goalpost would be

at 9751-9851 zone, way below the psychological 10,000 mark.

So for traders, its sell at the bell and for a guy with investment mindset it’s time to keep

extremely low profile.

Outlook for Monday: It is not good time to be a bull.

Ahead of the opening bell, the SGX Nifty is getting fresh drubbing, down 51 points at

10273.50. Expect volatility to be hallmark of this week's trading sessions as all October's

futures & options contracts on the NSE get expired on Thursday, October 25.

STOCKS TO WATCH:

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

WOCKHARDT, SIEMENS and AMARA RAJA BATTERY with interweek perspective.

• Bullish stocks: BAJAJ FINANCE, SUN PHARMA.

• Bearish stocks: AMARA RAJA BATTERY, SIEMENS, WOCKHARDT, SRT

FINANANCE, JINDAL STEEL & POWER, JSW STEEL, TATA MOTORS, RCOM.

• Show Me the Money: Sell WOCKHARDT (481.95): The sequence of lower high

low is intact on daily, Weekly and Monthly charts. Momentum oscillators signalling

weakness. Interweek strategy: Establish short positions between 485-487.50 zone,

targeting 471 zone and then aggressive targets at 451-455 zone with stop at 501.

• HDFC Bank Ltd has reported record profit for the three months ending September

30 broadly in line with expectations, helped by higher interest and fee income. Net

profit rose to Rs. 5,005 crore ($682.16 million) for the quarter ended Sept 30, from

Rs. 4,151 crore a year ago.

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

JETAIRWAYS.

• Meanwhile, prominent firms announcing Q2 this week are:

• Monday: ASIANPAINT, CANFINHOME, HINDZINC, INOXLEISUR, KSL,

LUMAXIND, SCHAEFFLER.

10304 -1.43%

25086 -0.41%

8690 -1.64%

28845 0.78%

2852 -0.53%

14477 -3.15%

2497 -2.11%

4490 -1.07%

3365 0.06%

9650 -0.37%

204 -0.75%

5993 -1.26%

34316 -1.33%

10273 -0.50%

Negative start

Negative (10175-10521)

Neutral (9750-10811)

Neutral (11901)

10138 & 10000

10401 & 10775

10775



Technical Strategy


•

BAJFINANCE, HCLTECH, HDFCLIFE, ICICIPRULI, INDBANK, MCX, RALLIS,

RBLBANK, TVSMOTOR.

• Wednesday: BAJAJ-AUTO, BHARATFIN, HEXAWARE, IBREALEST, IDFCBANK,

INDIGO, INFRATEL, JUBLFOOD, KOTAKBANK, KPIT, L&TFH, M&MFIN, SKFINDIA,

SYNGENE, WIPRO.

• Thursday:63MOONS, BHEL, BIOCON, BODALCHEM, CEATLTD, CROMPTON,

DISHTV, FORCEMOT INTELLECT JMFINANCI, JSWSTEEL, KAJARIACER, MARUTI,

NIITLTD, ORIENTBANK, PEL, PVR, QUESS, RAYMOND, SRTRANSFIN,

TATACOFFEE, VGUARD, YESBANK.

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

NESTLEIND UPL

GLOBAL CUES:

• Wall Street ended mostly lower on Friday as as weak housing data overshadowed

solid corporate earnings. For the week, the Dow Jones index gained 0.4% and the

S&P 500 rose fractionally, successfully snapping a three-week retreat while the

Nasdaq shed 0.6% to extend losses into a third week.

• Chinese stocks have tumbled to four-year lows. China's yuan sinks to a 22-month

low against the U.S Dollar.

FII/DII & OPTIONS DATA:

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

618.26 crores in the Indian Equity Market. DIIs too sold shares worth Rs. 2.14

crores in the Indian Equity market.

• In the first three weeks of October 2018, foreign investors have pulled out close to

Rs 32,000 crore from the Indian capital markets. For September 2018, the net

outflow was only Rs 21,000 crore. Prior to that,FIIs had put in a net amount of Rs

7,400 crore in the capital markets (both equity and debt) in July-August.

• So far this year, FPIs have pulled out over Rs 33,000 crore from equities and more

than Rs 60,000 crore from the debt markets.

• As per option data, key resistance level for the October series for Nifty are at 10,600

strike price as maximum call open interest of 43.56 lakh contracts were seen at the

10,600 strike price. Key support level for the October series is at 10,000 as

Maximum Put open interest of 33.53 lakh contracts was seen at the 10,000 strike

price.

COMMODITY CUES:

• Crude-oil prices slipped further in Friday's trade. Confirmation of strength only

above 5389. Interweek strategy: Establish long positions between 4969-5000 zone,

targeting 5233 zone and then aggressive targets at 5369 with stop at 4771..

• Copper prices were seen trading rangebound in Friday's trade with slight positive

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

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

• Gold price traded rangebound in Friday's trade. Key medium term support seen at

31201 mark. Interweek strategy: Establish long positions between 31701-31751

zone, targeting 32451 mark and then aggressive targets at 32851-32901 with stop

at 31201.

Tuesday: ADANIPORTS, AKSHOPTFBR, AMBUJACEM, BAJAJCORP, BAJAJFINSV,

In last week's trade, JSW STEEL was seen trading

at lower levels. We expect the stock to trade with

a negative bias and was should attempt to

breakdown from a lower consolidation zone on

the daily charts.

Technically, the stock is in consolidation mode at

lower levels and the momentum oscillators are

signaling a major breakdown. Any move below

354 zone will confirm weakness which also needs

to be backed by increases in volumes. The stock

is seen moving down on daily charts, backed by

negative reverse divergences.

Key support to watch in near term is at 354 zone

and then at 344. Medium term supports seen at

321-325 zone.

We expect JSW Steel to underperform the

benchmark Nifty significantly.

Establishing short positions between 365-371

zone, as the stock is likely to stage steep decline

towards 344-347.50 zone and then aggressive

targets seen at 321-325 zone. Place stops above

385.05. Holding Period: 9 days.

JSW STEEL

Action

Target

Support

Resistance

Holding Period

364.1

SELL

345

345/321

371/385

9 Days.




MACRO WATCH:

• The landscape is bit scary especially on the escalating trade tension between U.S-China. This catalyst could be the real villain rattling

worldwide stock markets. The heightened tensions between U.S. -China could not only hamper U.S. economic growth but derail the global

economy at large. At the time of writing, a tit-for-tat tariff battle between Beijing and Washington remains intact.

• The upcoming assembly elections in five states: Madhya Pradesh, Rajasthan, Chhattisgarh, Mizoram and Telangana. While

Chhattisgarh will go to the polls in two phases on November 12 and 20, the Madhya Pradesh and Mizoram Assembly elections will be held on

November 28. Polling in Rajasthan and Telangana will be held on December 7. Counting of votes will be held across all the five states on

December 11.

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

CURRENCIES & BONDS:

• The Indian rupee last week closed at Rs. 73.32 to a dollar, strengthening by 24 paise from its previous week's close of 73.56. Key support

now at 71.75. Intermonth strategy: Buy between 71.75-72 zone, targeting 75 and then aggressive targets at 77 with strict stop below 71.45.

• China’s politically sensitive yuan sank to a 22-month low against the dollar in last week's trade after the U.S. Treasury declined to label

Beijing a currency manipulator amid a mounting tariff battle.

The closely watched yuan fell to 6.9411 per dollar at mid-morning, coming its closest to breaking the symbolically significant level of seven to

the greenback since December 2016. It recovered slightly in the afternoon.

The yuan, also known as the renminbi, or “people’s money,” has declined by almost 10 percent against the dollar since April as China’s

economic growth cooled and U.S. and Chinese interest rates went in opposite directions.

What Technical Tells Us on Nifty:

The benchmark Nifty tanked in Friday's trade amidst high volatility, down 1.43% to settle at 10303.55. The market breadth, indicating the overall

health of the market, was weak. The BSE Mid-Cap index fell 1.10%. The BSE Small-Cap index fell 1.32%..

Technically speaking, key support for the day on Nifty is at 10,138 mark. The technical landscape will worsen further if Nifty closes below

the 10,138 mark as that would open the door to massive technical selling, possibly quickly towards the 9750-9900 zone.

The intraday bias is negative and sell at bell should be the preferred strategy.

The make or break hurdles are at 10,775 mark. Intraday hurdles at 10,401 mark.

The price action for Nifty is suggesting that we are likely to see an 10,001-10,711 range in near term with neutral bias.

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

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

Preferred trade on Nifty: Nifty (10303.55): Sell

between 10351-10375 zone, targeting 10138 zone and

then aggressive targets at 10001-10101 zone with stop

at 10451.

Preferred trade on Bank Nifty: Nifty (25086): Sell

between 25110-25300 zone, targeting 24200 zone and

then aggressive targets at 23750 zone with stop at

25851.

Daily Chart of Nifty:



Comfort stock of the day


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

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


R2STOCKS LTP S1 S2 R1 TRADING STRATEGYBIAS


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


Breakdown play is the theme for AMARA RAJA BATTERY. Key hurdles now seen at 783. Interweek strategy: Establish short positions between 741-751 zone, targeting 705 zone, and then aggressive targets at 675-679 zone with stop at 783.

Momentum oscilators signaling major weakness. Key hurdle now seen at 917.50. Interweek strategy: Establish short positions between 888-893 zone, targeting 851 zone and then aggressive targets at 821 zone with stop at 919.45.

The sequence of lower high low is intact on daily, Weekly and Monthly charts. Momentum oscillators signalling weakness. Interweek strategy: Establish short positions between 485-487.50 zone, targeting 471 zone and then aggressive targets at 451-455 zone with stop at 501.

The interweek risk is on the upside as long as 2053 support is held on closing basis. Confirmation of strength only above 2245. Interweek Strategy: Buy between 2101-2111 zone, targeting 2245 and then at 2395-2401 zone with stop below 2053.

SUN Pharma is aiming to move above its 11-day lower consolidation zone. The recent sequence of higher high/low still intact on weekly charts. Interweek Strategy: Buy between 599-603 zone, targeting 621 and then more aggressive targets located at 645-651 zone. Stop below 591.

Bulls’ will scoop up Bajaj Finance only if the stock holds above 2053 mark.

AMARA RAJA

SIEMENS

WOCKHARDT

BAJAJ FINANCE

SUN PHARMA

733.35 701 675 757 783 Negative

874.25 851 821 898 917.5 Negative

481.95 471 451 499 511 Negative

2141 2053 1921 2245 2401 Positive

609.95 595 581 621 651 Positive



EQUITY DERIVATIVESLooking into the future from present.

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

Nifty Spot

Bank Nifty Future

VIX

Premium

Nifty Future OI

Bank Nifty Spot OI

BSE Cash Vol. (Rs. in Cr)

NSE Cash Vol.(Rs. in Cr)

NSE Derivative Vol. (Rs. in Cr)

Index Future Volumes

Stock Future Volumes

Index Option Volumes

Stock Option Volumes

Total

Cash Volumes (INR in Cr.)

YesterdayDay Before Yesterday

Derivatives Vol.(INR in Cr.)

No of contracts

Turnover (Rs. In cr.)

Major Changes in Nifty Options (OI)

Market Summary:

The benchmark Nifty ended Friday's trading session on a negative note, down 1.43% at

10304. However, on Friday, Nifty October futures closed at a premium of 11 rupees

against a discount of 6 rupees. Also, FMCG, Metals and PSU Banks defied Nifty’s down

move, marginally outperforming the index.

Amongst broader Indices, the BSE Midcap Index was down 1.10%. The BSE Smallcap

Index was down 1.32%. Both the indices somehow outperformed the Sensex.

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

0.41%), BSE Metal Index (up 0.10%).

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

(down 2.60%), BSE Teck Index (down 2.41%), BSE Auto Index (down 1.42%).

Amongst stock specific action, positive bias was seen in stocks like HINDPETRO (up

4.00%), SUN PHARMA (up 2.59%), VEDL (up 2.28%)

Among stocks drifting down were: IBHSGFIN (down 16.43%), HCLTECH (down 6.57%),

YES BANK (down 5.41%)

Maximum Call Open Interest (OI) stands at 11000 Strike Price, followed by 106 0 0

Strike Price for October Series. Short built up in calls continued at 10200-10600 strike

prices for October Series.

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

price for October series. Short covering in Puts was seen between 10300-10800 strike

price for October Series.

As per Friday’s Provisional Data available on the NSE, FII’s sold shares worth Rs. 618.26

crores in the Indian Equity Market. DIIs too sold shares worth Rs. 2.14 crores in the

Indian Equity market.

Highest OI Nifty: Calls 11000: 50.76 L - Puts 10000: 33.53

Highest OI Bank Nifty: Calls 26000: 10.16 L - Puts 24500: 7.52 L

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

Long Buildup: FEDERAL BANK, SUN PHARMA, HINDPETRO, NIITTECH, BAJFIN.

Short Buildup: RELIANCE, IBHSGFIN, DHFL, TATA MOTORS, ASHOK LEYLAND.

Short Covering: DLF, NALCO, ICICI BANK, KPIT, PTC.

Long Unwinding: AXIS BANK, GRANULES, TECHM, RAYMOND.

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

New In Ban: NIL.

Out of Ban: NIL.

Future Call: BUY FEDERAL BANK OCTOBER FUTURES (CMP

81.20) between 79-80 zone. Targets at 83.55 and then at 89. Stop:

77. Holding Period: Intraday. Analyst’s Remark: Momentum Play

(Yes Bank October Futures CMP 81.20).

Option Call: Sell NIFTY OCTOBER CE strike price 10500 at CMP

22.90. Profit: 1717.50. Maximum Loss: Unlimited. Stop: Exit NIFTY

OCTOBER CE strike price 10500 if Nifty moves above 10451. (Nifty

October Futures CMP 10314).

10303.55 (-1.43%)

25085.80 (-0.41%)

19.7875 (+10.05%)

+11 vs +06

1.95 crores (-3.86%)

14.41 lakhs (+15.57%)

3141.92 3309.76

37264.2 33396.48

817144 2089715

361615 30990

1196345 72441

7366907 648841

909427 64872

9834294 817144

Calls in lakhs (% Change)

10500 38.57 (+30%)

10400 26.75 (+129%)

10600 43.57 (+38%)

Puts in lakhs (% Change)

10300 20.47 (-3%)

10200 26.66 (+24%)

10000 33.53 (+6%)


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 10303.55 10242.07 10180.58 10372.57 10441.58 10311.08 10778.72 DOWN

BANKNIFTY 25085.8 24913 24740.2 25268.25 25450.7 25095.45 26084.39 DOWN

NIFTYMID50 4490.25 4428.28 4366.32 4552.23 4614.22 4490.27 5095 DOWN

ACC 1424.4 1395.6 1366.8 1466.6 1508.8 1437.8 1531.73 DOWN

ADANIENT 168.75 161.27 153.78 173.47 178.18 165.98 130.07 UP

ADANIPORTS 315.35 307.05 298.75 321.95 328.55 313.65 383.13 DOWN

AJANTPHARM 1002.35 981.25 960.15 1023.3 1044.25 1002.2 1221.2 DOWN

ALBK 37.05 36.37 35.68 37.97 38.88 37.28 48.2 DOWN

AMARAJABAT 733.35 723.45 713.55 748.75 764.15 738.85 806.6 DOWN

ANDHRABANK 26.2 25.88 25.57 26.63 27.07 26.32 38.8 DOWN

APOLLOTYRE 206.3 203.23 200.17 210.63 214.97 207.57 265.03 DOWN

ARVIND 323.2 312.32 301.43 330.67 338.13 319.78 401.35 DOWN

ASHOKLEY 112.5 111.08 109.67 114.63 116.77 113.22 134.23 DOWN

ASIANPAINT 1235.4 1208.23 1181.07 1274.78 1314.17 1247.62 1246.92 DOWN

AUROPHARMA 749.1 737.65 726.2 763.1 777.1 751.65 634.41 UP

AXISBANK 562.55 552.55 542.55 574.55 586.55 564.55 556.71 UP

BAJAJ-AUTO 2510.25 2479.22 2448.18 2542.07 2573.88 2511.03 2892.27 DOWN

BAJAJFINSV 5419.2 5268.15 5117.1 5542.15 5665.1 5391.1 5757.81 DOWN

BAJFINANCE 2140.5 2063.63 1986.77 2207.68 2274.87 2130.82 2120.97 UP

BALKRISIND 1039.45 1021.4 1003.35 1055.2 1070.95 1037.15 1158.81 DOWN

BALRAMCHIN 97.3 92.98 88.67 100.13 102.97 95.82 85.53 UP

BANKBARODA 102.4 98.87 95.33 104.57 106.73 101.03 138.11 DOWN

BANKINDIA 76.8 75.63 74.47 78.08 79.37 76.92 107.48 DOWN

BATAINDIA 894.55 880.3 866.05 912.8 931.05 898.55 824.11 UP

BEL 83.1 81.47 79.83 85.47 87.83 83.83 127.47 DOWN

BEML 583.3 566.2 549.1 597.2 611.1 580.1 1009.87 DOWN

BERGEPAINT 283.3 278.3 273.3 291.65 300 286.65 280.9 UP

BHARATFIN 967.85 955.83 943.82 984.33 1000.82 972.32 1109.88 DOWN

BHARATFORG 564.95 556.4 547.85 571.75 578.55 563.2 680.95 DOWN

BHARTIARTL 287.3 283.53 279.77 292.13 296.97 288.37 394.39 DOWN

BHEL 73.5 72.33 71.17 74.93 76.37 73.77 82.14 DOWN

BIOCON 661.05 639.73 618.42 674.08 687.12 652.77 612.45 UP

BPCL 283.55 278.67 273.78 290.17 296.78 285.28 406.19 DOWN

BRITANNIA 5563.5 5494.33 5425.17 5613.33 5663.17 5544.17 5569.1 DOWN

CANBK 221 216.5 212 225.6 230.2 221.1 275.75 DOWN

CANFINHOME 230.65 225.08 219.52 237.68 244.72 232.12 392.25 DOWN

CAPF 476.3 465.65 455 482.55 488.8 471.9 609.72 DOWN

CASTROLIND 140.7 139.03 137.37 142.03 143.37 140.37 176.57 DOWN

CEATLTD 1101.65 1079.43 1057.22 1116.43 1131.22 1094.22 1472.14 DOWN

CENTURYTEX 766.05 749.9 733.75 790.3 814.55 774.15 1064.74 DOWN

CESC 907.65 892.9 878.15 918.5 929.35 903.75 985.1 DOWN

CGPOWER 37.7 36.93 36.17 38.88 40.07 38.12 70.09 DOWN

CHENNPETRO 265.25 251.7 238.15 273.4 281.55 259.85 326.26 DOWN

CHOLAFIN 1113.7 1078.73 1043.77 1158.83 1203.97 1123.87 1443.4 DOWN

CIPLA 633.8 624.75 615.7 644.2 654.6 635.15 603.98 UP

COALINDIA 275.15 272.67 270.18 279.42 283.68 276.93 281.8 DOWN

COLPAL 1099.9 1087.95 1076 1106.9 1113.9 1094.95 1124.99 DOWN

CONCOR 592.1 584.02 575.93 604.07 616.03 595.98 653.53 DOWN

CUMMINSIND 697.85 680.57 663.28 708.57 719.28 691.28 749.16 DOWN

DABUR 404.45 396.97 389.48 412.97 421.48 405.48 380.64 UP

DALMIABHA 2009.75 1968.05 1926.35 2065.45 2121.15 2023.75 2680.95 DOWN

DCBBANK 157.95 153.85 149.75 163.3 168.65 159.2 173.75 DOWN

DHFL 210.55 195.78 181.02 234.53 258.52 219.77 565.72 DOWN

DISHTV 46.95 45.2 43.45 49.3 51.65 47.55 70.9 DOWN

DIVISLAB 1285.25 1262.22 1239.18 1324.47 1363.68 1301.43 1137.58 UP

DLF 153.15 145.27 137.38 157.77 162.38 149.88 208.62 DOWN

DRREDDY 2552.35 2527.6 2502.85 2580 2607.65 2555.25 2252.31 UP

EICHERMOT 21625.3 21190.9 20756.5 22219.85 22814.4 21785.45 28248.41 DOWN

ENGINERSIN 115.25 113.03 110.82 116.88 118.52 114.67 146.27 DOWN

EQUITAS 126.05 123.12 120.18 128.62 131.18 125.68 146.34 DOWN

ESCORTS 604.35 586.57 568.78 619.07 633.78 601.28 849.51 DOWN

EXIDEIND 254.4 249.77 245.13 260.77 267.13 256.13 247.66 UP

FEDERALBNK 81.4 78.5 75.6 83.05 84.7 80.15 89.17 DOWN

FORTIS 131.3 130.12 128.93 133.02 134.73 131.83 144.82 DOWN

GAIL 344.3 338.02 331.73 354.67 365.03 348.38 350.8 DOWN

GLENMARK 599 592.23 585.47 604.53 610.07 597.77 581.24 UP

GMRINFRA 15.7 15.33 14.97 16.03 16.37 15.67 18.51 DOWN

GODREJCP 742.85 721.72 700.58 757.47 772.08 736.33 796.5 DOWN

GODREJIND 468.75 454.2 439.65 479.3 489.85 464.75 581.03 DOWN

GRANULES 92.2 90.12 88.03 95.12 98.03 93.03 105.78 DOWN

GRASIM 874.75 864.65 854.55 886.9 899.05 876.8 1062.41 DOWN

GSFC 92.2 90.13 88.07 94.43 96.67 92.37 120.98 DOWN

HAVELLS 597.15 560.33 523.52 623.48 649.82 586.67 568.49 UP

HCC 12 11.6 11.2 12.5 13 12.1 21.44 DOWN

HCLTECH 958.5 934.73 910.97 1000.83 1043.17 977.07 972.26 DOWN

HDFC 1660.25 1620.98 1581.72 1730.23 1800.22 1690.97 1856.86 DOWN

HDFCBANK 1967.75 1956.88 1946.02 1979.73 1991.72 1968.87 1992.01 DOWN

HDIL 19.9 19.48 19.07 20.38 20.87 19.97 35.07 DOWN

HEROMOTOCO 2712.75 2657.25 2601.75 2786.1 2859.45 2730.6 3471.02 DOWN

HEXAWARE 379 370.93 362.87 388.78 398.57 380.72 416.34 DOWN

HINDALCO 227 222.78 218.57 230.98 234.97 226.77 235.02 DOWN

HINDPETRO 215.9 210.67 205.43 219.07 222.23 213.83 314.77 DOWN

HINDUNILVR 1578.4 1552.38 1526.37 1595.08 1611.77 1569.07 1520.6 UP

HINDZINC 286.45 273.63 260.82 295.63 304.82 282.82 298.13 DOWN

IBREALEST 75.4 73.9 72.4 78.4 81.4 76.9 176.71 DOWN

IBULHSGFIN 653.8 605.07 556.33 736.52 819.23 687.78 1213.55 DOWN

ICICIBANK 315.45 309.93 304.42 321.23 327.02 315.72 304.86 UP

ICICIPRULI 328.3 323.17 318.03 334.52 340.73 329.38 392.4 DOWN

ICIL 67.7 65.27 62.83 71.17 74.63 68.73 86.72 DOWN

IDBI 59.35 58.53 57.72 60.28 61.22 59.47 62.99 DOWN

IDEA 36.5 35.68 34.87 37.93 39.37 37.12 66.21 DOWN

IDFC 37.2 36.58 35.97 37.83 38.47 37.22 50.71 DOWN

IDFCBANK 35.35 34.47 33.58 35.92 36.48 35.03 46.08 DOWN

IFCI 13.05 12.7 12.35 13.45 13.85 13.1 19.44 DOWN

IGL 247.6 241.4 235.2 252.4 257.2 246.2 282.22 DOWN

INDIACEM 89.5 87.6 85.7 92.8 96.1 90.9 134.42 DOWN

INDIANB 222.95 219.2 215.45 227.95 232.95 224.2 324.64 DOWN

INDIGO 831.65 815.77 799.88 858.77 885.88 842.88 1149.78 DOWN

INDUSINDBK 1576.7 1560.08 1543.47 1603.23 1629.77 1586.62 1821.37 DOWN

INFIBEAM 53.1 49.8 46.5 57.6 62.1 54.3 161.7 DOWN

INFRATEL 264.45 260.75 257.05 268.4 272.35 264.7 312.72 DOWN

INFY 683.55 678.47 673.38 688.17 692.78 683.08 624.53 UP

IOC 133.15 131.6 130.05 134.8 136.45 133.25 169.71 DOWN

IRB 119.65 115.93 112.22 125.53 131.42 121.82 214.97 DOWN

ITC 289.45 285.62 281.78 292.42 295.38 288.58 278.12 UP

JETAIRWAYS 229.7 223.57 217.43 235.37 241.03 229.23 491.24 DOWN

JINDALSTEL 166.25 161.63 157.02 170.63 175.02 166.02 229.39 DOWN

JISLJALEQS 65.4 63.85 62.3 66.7 68 65.15 100.45 DOWN

JPASSOCIAT 6.55 6.37 6.18 6.82 7.08 6.63 16.1 DOWN

JSWENERGY 65.05 63.42 61.78 66.27 67.48 64.63 74.55 DOWN

JSWSTEEL 363.5 355.25 347 371.1 378.7 362.85 325.55 UP

JUBLFOOD 1268.3 1215.3 1162.3 1298.15 1328 1245.15 1235.8 UP

JUSTDIAL 483.6 469.07 454.53 493.82 504.03 479.28 509.88 DOWN

KOTAKBANK 1198.95 1171.03 1143.12 1216.43 1233.92 1188.52 1192 UP

KPIT 211.7 203.6 195.5 218.65 225.6 210.55 249.15 DOWN

KSCL 506.05 494 481.95 516.8 527.55 504.75 539.91 DOWN

KTKBANK 97.65 96.58 95.52 98.83 100.02 97.77 122.47 DOWN

L&TFH 118.95 115.32 111.68 124.72 130.48 121.08 163.64 DOWN

LICHSGFIN 423.35 413.88 404.42 434.93 446.52 425.47 511.45 DOWN

LT 1206.05 1190.73 1175.42 1216.63 1227.22 1201.32 1319.9 DOWN

LUPIN 880.25 857.7 835.15 904.3 928.35 881.75 842.33 UP

M&M 741.2 729.53 717.87 755.43 769.67 743.77 839.58 DOWN

M&MFIN 356.25 346.27 336.28 372.82 389.38 362.83 464.99 DOWN

MANAPPURAM 69.85 68.32 66.78 72.02 74.18 70.48 105.46 DOWN

MARICO 310 306.05 302.1 315.3 320.6 311.35 328.98 DOWN

MARUTI 6756.45 6659.63 6562.82 6909.13 7061.82 6812.32 8860.8 DOWN

MCDOWELL-N 529.8 519.37 508.93 540.12 550.43 529.68 637.9 DOWN

MCX 774.7 752.63 730.57 794.53 814.37 772.47 789.38 DOWN

MGL 828.7 808.47 788.23 841.07 853.43 820.83 912.88 DOWN

MOTHERSUMI 256.05 245.3 234.55 262.75 269.45 252 317.62 DOWN

MRF 61967.85 61015.23 60062.62 62805.23 63642.62 61852.62 72808.6 DOWN

MRPL 84.15 80.5 76.85 86.5 88.85 82.85 98.87 DOWN

MUTHOOTFIN 379.4 362.92 346.43 400.17 420.93 383.68 413.14 DOWN

NATIONALUM 67.05 65.42 63.78 68.07 69.08 66.43 70.71 DOWN

NBCC 53 51.05 49.1 56.1 59.2 54.15 88.82 DOWN

NCC 66.1 64.33 62.57 68.78 71.47 67.02 109.21 DOWN

NMDC 109.6 107.27 104.93 112.67 115.73 110.33 119.56 DOWN

NTPC 161.45 159.42 157.38 164.37 167.28 162.33 165.42 DOWN

OFSS 3807.2 3743.47 3679.73 3903.27 3999.33 3839.53 4012.72 DOWN

OIL 202.85 197.45 192.05 207.35 211.85 201.95 222.19 DOWN

ONGC 160.45 157.05 153.65 163.8 167.15 160.4 176.72 DOWN

ORIENTBANK 62.9 61.73 60.57 64.98 67.07 63.82 88.34 DOWN

PCJEWELLER 56.7 55.1 53.5 58.9 61.1 57.3 227.89 DOWN

PEL 1893.95 1786.47 1678.98 2067.62 2241.28 1960.13 2602.62 DOWN

PFC 82 79.85 77.7 83.25 84.5 81.1 89.62 DOWN

PIDILITIND 970.6 941.5 912.4 993.15 1015.7 964.05 1020.23 DOWN

PNB 66 65.03 64.07 67.18 68.37 66.22 100.19 DOWN

POWERGRID 189.15 186.98 184.82 191.38 193.62 189.22 195.45 DOWN

PTC 75.5 73.23 70.97 76.88 78.27 74.62 88.8 DOWN

PVR 1290.35 1261.38 1232.42 1319.28 1348.22 1290.32 1333.24 DOWN

RAMCOCEM 577.3 565.98 554.67 585.53 593.77 574.22 729.13 DOWN

RAYMOND 640.15 618.77 597.38 655.77 671.38 634.38 925.17 DOWN

RBLBANK 506.1 491.13 476.17 530.43 554.77 515.47 529.47 DOWN

RCOM 11.15 10.92 10.68 11.47 11.78 11.23 19.59 DOWN

RECLTD 104.15 101.57 98.98 105.87 107.58 103.28 122.83 DOWN

RELCAPITAL 240.8 232.82 224.83 252.07 263.33 244.08 425.58 DOWN

RELIANCE 1101.3 1077.37 1053.43 1118.12 1134.93 1094.18 1024.24 UP

RELINFRA 332.75 314.05 295.35 347.6 362.45 328.9 430.46 DOWN

REPCOHOME 314.05 292.3 270.55 337.4 360.75 315.65 572.26 DOWN

SAIL 65.4 64.47 63.53 66.42 67.43 65.48 79.15 DOWN

SBIN 261.1 258.07 255.03 264.17 267.23 261.13 273.84 DOWN

SHREECEM 14535.95 14117.37 13698.78 15126.77 15717.58 14708.18 16948.28 DOWN

SIEMENS 874.25 853.2 832.15 912.15 950.05 891.1 1073.53 DOWN

SOUTHBANK 14.7 14.35 14 15.15 15.6 14.8 23.18 DOWN

SREINFRA 27.6 24.23 20.87 32.08 36.57 28.72 70.53 DOWN

SRF 1723.5 1696.8 1670.1 1763.4 1803.3 1736.7 1903.91 DOWN

SRTRANSFIN 1009.75 984.63 959.52 1031.93 1054.12 1006.82 1371.09 DOWN

SUNPHARMA 609.95 596.2 582.45 617.6 625.25 603.85 558.23 UP

SUNTV 640.9 620.17 599.43 665.62 690.33 644.88 854.76 DOWN

SUZLON 5.9 5.75 5.6 6.1 6.3 5.95 9.87 DOWN

SYNDIBANK 31.85 31.25 30.65 32.5 33.15 31.9 51.3 DOWN

TATACHEM 671.95 657.52 643.08 681.37 690.78 666.93 713.81 DOWN

TATACOMM 455.3 440.23 425.17 472.68 490.07 457.62 597.42 DOWN

TATAELXSI 982.65 959.02 935.38 1000.27 1017.88 976.63 1184.16 DOWN

TATAGLOBAL 227.2 224.23 221.27 231.43 235.67 228.47 263.78 DOWN

TATAMOTORS 174.7 172.55 170.4 178.3 181.9 176.15 312.35 DOWN

TATAMTRDVR 96 94.33 92.67 98.83 101.67 97.17 176.75 DOWN

TATAPOWER 70.15 68.83 67.52 71.93 73.72 70.62 79.52 DOWN

TATASTEEL 554.95 545.77 536.58 563.37 571.78 554.18 607.31 DOWN

TCS 1913.2 1879.17 1845.13 1938.12 1963.03 1904.08 1748.02 UP

TECHM 690.8 682.28 673.77 705.43 720.07 696.92 657.46 UP

TITAN 788.7 777.47 766.23 804.97 821.23 793.73 879.62 DOWN

TV18BRDCST 36.25 35.48 34.72 37.13 38.02 36.37 54.26 DOWN

TVSMOTOR 516.1 502.4 488.7 531.15 546.2 517.45 612.01 DOWN

UBL 1185.2 1164.37 1143.53 1206.47 1227.73 1185.63 1158.09 UP

UJJIVAN 230.05 223.38 216.72 236.58 243.12 229.92 364.95 DOWN

ULTRACEMCO 3609.6 3539.73 3469.87 3664.73 3719.87 3594.87 4047.87 DOWN

UNIONBANK 64.5 63.28 62.07 66.53 68.57 65.32 96.1 DOWN

VEDL 211.1 202.5 193.9 216.95 222.8 208.35 267.68 DOWN

VGUARD 174.4 172.68 170.97 176.38 178.37 174.67 216.98 DOWN

VOLTAS 507.15 494.28 481.42 515.18 523.22 502.32 585.66 DOWN

WIPRO 323.15 318.4 313.65 327 330.85 322.25 290.54 UP

WOCKPHARMA 480.7 470.97 461.23 496.52 512.33 486.78 708.16 DOWN

YESBANK 217.9 210.42 202.93 227.97 238.03 220.48 328.38 DOWN

ZEEL 455.2 447.5 439.8 466.45 477.7 458.75 545.72 DOWN



Comfort ‘Forecast and Analysis’

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

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

Forecast and Analysis

Instrument TRADING STRATEGYLTP S1 S2 R1 R2 Bias


MCX GOLD

MCX SILVER

MCX CRUDE OIL

MCX COPPER

MCX NATURAL GAS

USD-INR

Forecast and Analysis …Direction at a glance



Gold price traded rangebound in Friday's trade. Key medium term suppport seen at 31201 mark. Interweek strategy: Establish long positions between 31701-31751 zone, targeting 32451 mark and then aggressive targets at 32851-32901 with stop at 31201.

Silver prices too traded listless in Friday's trade. Interweek strategy: Establish long positions between 38475-38501 zone, targeting 39651 mark and then aggressive targets at 39901-40000 zone with stop at 38251.

Crude-oil prices slipped further in Friday's trade. Confirmation of strength only above 5389. Interweek strategy: Establish long positions between 4969-5000 zone, targeting 5233 zone and then aggressive targets at 5369 with stop at 4771.

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

Natural Gas prices were seen consolidating in Friday's trade. Interweek strategy: Establish long positions between 229-232 zone , targeting 245 and then aggressive targets at 249-251 zone with stop at 223.

Key support now at 71.75. Intermonth strategy: Buy between 71.75-72 zone, targeting 75 and then aggressive targets at 77 with strict stop below 71.45.

31910 31501 31201 32451 32901 Neutral

38819 38455 37201 39650 40001 Neutral

5083 4969 4775 5389 5675 Neutral

453 443 425 459 479 Neutral

239.00 227.45 215.00 245.00 251.00 Positive

73.32 71.75 70.00 75.00 77.00 Positive

MCX Crude Oil may see bounce on Saudi concerns. Key support seen at 4969.

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



The U.S Dollar slides; euro finds footing as EU softens Italy criticism. Investors digest sluggish China GDP.

Gold prices were seen trading rangebound in Friday's trade. Hurdles now seen at 1245. Confirmation of major strength only above 1245. Interweek Strategy: Sell at CMP, targeting 1207 and then at 1189-1191 zone with stop above 1247.

Silver prices traded flat in Friday's trade. Hurdles now seen at 15.45. Confirmation of major strength only above 15.45.

Profit booking witnessed in Crude-oil prices. Inerweek strategy: Establish long positions only above 72.50 zone, targeting 77.50 zone and then 80 with stop at 70.20

We have a negative bias on EUR/USD. Major weakness seen only below 1.1379. Selling on strength should be preferred strategy.

We have positive bias for US Dollar Index. Hurdles at 97.50. Aggressive upside targets seen at 99. Downside well supported at 92.50. Major weakness now only below 92.50.

Wall Street ended mostly lower on Friday as as weak housing data overshadowed solid corporate earnings. For the week, the Dow Jones index gained 0.4% and the S&P 500 rose fractionally, successfully snapping a three-week retreat while the Nasdaq shed 0.6% to extend losses into a third week. Dow faces major hurdles at 27200.

1230 1207 1189 1245 1261 Neutral

14.62 14.21 13.75 15.45 16.09 Neutral

69.38 68.3 65 72.5 77.5 Neutral

1.1514 1.1379 1.1100 1.1745 1.1900 Negative

95.64 94.45 92.50 97.50 99.00 Positive

25444 25001 24445 26551 27200 Neutral


DAILY PIVOT TABLE



CommodityExchange Close S1 S2 R1 R2200 Day

SMA Reversal

Point Trend

MCX ALUMINUM

MCX CARDAMOM

NCDEX CASTOR

NCDEX CHANA

MCX COPPER

MCX COTTON

MCX CRUDE-OIL

MCX GOLD

NCDEX GAUR GUM

NCDEX GAUR SEED

NCDEX JEERA

MCX LEAD

MCX MENTHA OIL

MCX NATURAL GAS

MCX NICKLE

NCDEX RM SEED

MCX SILVER

NCDEX SUGAR

NCDEX SOYA BEAN

MCX ZINC

147.95 147.05 146.15 149.05 150.15 145.76 147.05 DOWN

1424.5 1409.9 1395.3 1433 1441.5 1111.58 1331.35 UP

5266 5185.33 5104.67 5331.33 5396.67 4297.25 4878 UP

4098 4048.67 3999.33 4148.67 4199.33 3829.65 4350 UP

453 448.88 444.77 455.38 457.77 445.95 447.4 DOWN

22780 22693.33 22606.67 22893.33 23006.67 21598.6 22415 UP

5076 5031.33 4986.67 5122.33 5168.67 4575.17 5306 UP

31902 31827.67 31753.33 32011.67 32121.33 30552.08 31432.5 DOWN

9806 9738.67 9671.33 9902.67 9999.33 8923.87 9440 UP

4544.5 4513.17 4481.83 4584.67 4624.83 4148.75 4379 UP

20365 20186.67 20008.33 20541.67 20718.33 17527.82 19475 UP

145.9 144.45 143 147.05 148.2 155.98 143.05 UP

1702.3 1690.73 1679.17 1712.43 1722.57 1470.46 1685.4 UP

238.3 233.57 228.83 241.17 244.03 194.91 227.2 UP

914.3 906.77 899.23 923.57 932.83 924.83 901.5 UP

4173 4159.33 4145.67 4192.33 4211.67 4032.79 4099 UP

38796 38671 38546 38939 39082 38764.56 38153 UP

3050 3050 3050 3050 3050 3614.83 3015 UP

3246 3231.33 3216.67 3269.33 3292.67 3507.18 3139 UP

196.6 194.82 193.03 199.67 202.73 201.34 191.4 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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