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Welcome Note

Wednesday26th September, 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

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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 Wednesday's trading action at Dalal Street, dated

26th of September 2018.

Our call of the day suggests that the benchmark Nifty may trade with positive bias in

today's trade; and most importantly, Dalal Street likely to see smooth sailing!

Having said that, the big investors camp unlikely to make big bets as focus primarily turns

to Federal Reserve’s monetary policy meeting outcome, which wraps today at 11.30 PM

IST.

The Fed is widely expected to result in a 25 basis point interest-rate increase. The meeting

will be followed by Fed Chairman Jerome Powell’s news conference during which investors

are expected to seek further insight into the state of the economy, the impact of trade

issues, and the path of future rate moves.

The other catalysts that could cap Dalal Street's upside in today's trade are:

1. Concerns about lingering U.S-China trade tensions.

2. Oil prices at 4-year high as producers rebuff Trump’s demand to keep crude prices

low.

3. The Indian Rupee getting hammered amidst soaring crude oil prices and

strengthening of the US dollar overseas. In yesterday's trade, the rupee had closed

at 72.63 against the greenback.

4. The street will spy with one big eye on the Rafale saga as that's getting intense.

STOCKS TO WATCH:

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

FINANCE, BRITANNIA and MINDTREE with interweek perspective.

• Bullish stocks: BAJAJ FINANCE, HAVELLS, MARUTI, HINDUSTAN ZINC, SUN

PHARMA, MINDTREE, KPIT, BIOCON.

• Bearish stocks: HEROMOTO CORP, CANFINA HOMES, INDIAN OIL

CORPORATION, PNB, OBC, NALCO, ICICI BANK.

• Show Me the Money: Buy BAJAJ FINANCE (2299): The stock is signalling a

major rebound from an oversold conditions on daily charts. Interweek Strategy:

Establish long positions between 2245-2275 zone, targeting 2375 and then

aggressive targets located at 2425-2453 zone. Stop below 2201.

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

• YES BANK will request the Reserve Bank of India (RBI) to extend Rana Kapoor’s

term as the CEO up to September 30, 2019, considering the challenges in finding a

successor within a short period and to complete the annual general meeting (AGM)

process in his presence.

Outlook for Wednesday: Positive session quite likely.

At the time of writing, SGX Nifty is indicating a positive start for our stock markets, up

around 54 points at 11,176. Bargain hunting could be the theme, but any upside

likely to be capped and it appears that Nifty may consolidate, may trade subdued in today's

trading session, though much will depend on how crude-oil prices and the Indian Rupee

pans out in today's trading.

We still suspect, selling on any early excessive strength should continue to be the preferred

trading strategy.

11067 0.91%

25330 1.44%

10100 0.99%

30124 1.26%

3075 -0.25%

16235 0.37%

2521 0.02%

4808 0.58%

3632 0.00%

10245 2.51%

232 -1.72%

6642 -1.19%

36652 0.96%

11129 0.46%

Consolidation day likely.

Neutral (10971-11221)

Neutral (10500-11701)

Neutral (12001)

10971 & 10845

11221 & 11501

11575



Technical Strategy


FII/DII & OPTIONS DATA:

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

1231.70 crores in the Indian Equity Market. DIIs on the other hand bought shares

worth Rs. 2284.26 crores in the Indian Equity market.

• As per option data, key resistance level for the September series for Nifty are at

11,500 strike price as maximum call open interest (OI) of 31.70 lakh contracts were

seen at the 11,500 strike price. While support for Nifty are seen at 11,000 strike

price as maximum put open interest seen at 11,000 strike price.

In the last week, FIIs sold equities worth Rs 2,674.12 crore, while domestic

institutions bought equities worth of Rs 1,782.63 crore.

GLOBAL CUES:

• Wall Street ended mostly lower in Tuesday's tirade as the Dow Jones Industrial

Average fell 69.84 points. The Dow has closed lower in back-to-back sessions, while

the S&P 500 has fallen for three straight days.

COMMODITY CUES:

• Crude Oil prices trade firm in Tuesday's trade, at four-year highs. MCX Oil futures

too flared up in Monday's trade despite Trump demand to OPEC to ‘get prices

down’. Positive bias to continue. At a meeting over the weekend, a committee made

up of some members of the Organization of the Petroleum Exporting Countries and

some allied oil producers did not commit to an additional increase in crude output to

help offset expected supply disruptions from U.S. sanctions on Iranian oil.

• In line with our positive bias, Copper prices stayed firm in Tuesday's trade. Bias

continues to be positive. MCX COPPER (460): Interweek strategy: Establish long

positions on dips between 445-449 zone, targeting 461 and then finally at 475-475

zone with stop at 429.50.

• Gold futures were seen struggling for direction in Tuesday's trade, but the yellow

metal ended above the psychological $1200 mark. Intraday Strategy: Establish

short positions between 1217-1223 zone, targeting 1198 zone and then aggressive

targets at 1175-1179 zone with stop at 1235.

CURRIENCIES & BONDS:

• In Tuesday's trade, the Indian Rupee weakend further by 6 paise to close at 72.69

against the US dollar. The latest bout of weakness in the rupee came a day after the

Reserve Bank of India said the central bank along with market regulator Sebi were

watching market developments closely and would act if required.

At the current level, the rupee has declined around 13% against the greenback so

far this year. Data shows the RBI spent $6.2 billion defending the rupee in June. This

eased to $1.8 billion in July when markets stabilised, and is estimated to have

remained around $2 billion in August despite renewed market volatility.

MACRO WATCH:

• The policy-setting Federal Open Market Committee is slated to convene

its two-day gathering on Sept. 26. The U.S job growth in August was strong

and topped analysts' expectations. The strong U.S jobs report is seen as supporting

the Federal Reserve’s intention to hike rates at least once more in September, and

possibly once more in December. The market is pricing in over a 90% chance of a

quarter-point rate hike then. The Fed has penciled in four moves in total this year.

INDIAN OIL CORPORATION (IOC)

Action

Target

Support

Resistance

Holding Period

154.15

SELL ON STRENGTH

137.5

147.50/135

161/167.50

9 Days.

In yesterday's trade, Indian Oil Corporation

ended on a negative note and was seen

attempting a breakdown from a lower

consolidation zone on the daily charts, down

0.52%.

Technically, the stock is in consolidation mode at

lower levels and the momentum oscillators are

signaling a major breakdown. Any move above

147.50 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 divergences.

Key support to watch in near term is at 147.50

zone. Medium term supports seen at 135-137.50

zone.

We expect INDIAN OIL CORPORATION to

underperform the benchmark Nifty and the BSE

Oil & Gasl index in a big way from here on.

Establishing short positions between 157-159

zone, as the stock is likely to stage steep declines

towards 147.50 and then aggressive targets seen

at 135-137.50 zone. Place stops above 163.50.

Holding Period: 9 days.




Higher rates can hurt the appeal of gold and strengthen the U.S. dollar.

• As per Finance Minister Arun Jaitley's statement on September 25; Banks expect to recover about Rs 1.80 lakh crore from overall non-

performing assets (NPAs) through insolvency and other resolution mechanisms.

IPO NOTE:

• This week three IPO's worth Rs. 2,264 crore will hit Dalal Street. The three IPO's are: Garden Reach Shipbuilders and Engineers; AAVAS

Financiers and Dinesh Engineers.

What Technical Tells Us on Nifty:

Nifty ended with modest gains in yesterday's trade, up 0.91% at 11,067 mark.

The market breadth, indicating the overall health of the market, was weak. Broader markets were weak as the the BSE Mid-Cap index rose 0.36%.

The BSE Small-Cap index fell 0.74%. Both these indices underperformed the Sensex.

Technically speaking, key support for the day on Nifty is at 10,971 mark. The technical landscape will worsen further if Nifty closes below the

10,845 mark as that would open the door to massive technical selling, possibly quickly towards the 10,650-10,751 zone.

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

For the day, we believe, Nifty will drift after a higher open with intraday downside targets at 10,971. The make or break hurdles are at 11,521

mark. Intraday hurdles at 11,221 mark.

The price action for Nifty is suggesting that we are likely to see an 10,750-11,451 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. Short covering could be the theme ahead of September series expiry on Thursday,

27th September.

Dalal Street will become the poster boy of short-squeeze only if Nifty moves above 11,501 mark.

Negative: Preferred trade on Nifty: Nifty (11067): Buy between 10967-11000 zone, targeting 11221 zone and then aggressive targets at

11401-11451 zone with stop at 10845.

Preferred trade on Bank Nifty: Bank Nifty (25330): Buy at CMP, targeting 25751-25901 zone and then at 26251 zone with stop at 24751.

Daily Chart of the day



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 signalling a major rebound from an oversold conditions on daily charts. Interweek Strategy: Establish long positions between 2245-2275 zone, targeting 2375 and then aggressive targets located at 2425-2453 zone. Stop below 2201.

Britannia ended on a strong note in yesterday's trade, up 3.07%. The stock is signalling a major rebound from an oversold conditions on daily charts. Interweek Strategy: Establish long positions between 5675-5725 zone, targeting 5951 and then aggressive targets located at 6100-6145 zone. Stop below 5445.

Extremely oversold conditions prevail. Major support seen at 251 mark. Interweek Strategy: Buy between 275-285 zone, targeting 325 and then aggressive targets at 361-369 zone. Stop below 249.

MINDTREE enjoyed a strong session in Tuesday's trade, up 1.30%. Key intraday support seen at 1067. Interweek Strategy: Buy between 1067-1075 zone, targeting 1109 and then at 1121-1125 zone. Stop below 1045.

VEDANTA is signaling a major rebound from an oversold zone on the daily charts. Key intraday support seen at 217.50 zone. Key hurdles seen at 237.50. Interweek Strategy: Buy between 223-227.50 zone, targeting 237.50 and then at 247.50-251 zone. Stop below 215.

Positive interweek bias on Bajaj Finance as long as 2071 support is held.

BAJAJ FINANCE

BRITANNIA

DHFL

MINDTREE

VEDANTA

2299 2205 2071 2453 2557 Positive

5774 5482 5375 5951 6145 Positive

299.45 271 251 325 369 Positive

1086.85 1067 1013 1125 1185 Positive

230.4 221 215.05 237.5 251 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: Buoyed by enthusiasm in global stocks, the benchmark Nifty returned to positive territory for the first

time in last six trading days. Bargain hunting was the preferred theme at our stock markets after steep

losses in past few trading sessions.

That said, the market breadth, indicating the overall health of the market, was negative. The BSE Mid-

Cap index rose 0.36%. The BSE Small-Cap index fell 0.74%. Both these indices underperformed the

Sensex.

Going forward, the biggest catalyst for worldwide stock markets would be the Federal Open Market

Committee (FOMC) two-day meeting which concludes on Wednesday 11.30 PM IST. Investors widely

expect policymakers to set in motion another increase to short-term interest rates. Investors and

economists will also be watching Fed Chairman Jerome Powell press conference, as that is likely to

offer a better picture of officials’ plans heading into 2019 and potential concerns over the economic

impact of new import tariffs.

Caution should be the buzzword for traders; with hurdles on Nifty at 11,221 and then at 11475 mark.

Downside support seen at 10,875 and then at 10,650.

The oil prices shooting to its highest in four years is the biggest headwind for our stock markets. Stay

Light, trade light is the gyan mantra.

Amongst the sectoral indices, outperforming the Sensex/Nifty was BSE Healthcare Index (up 1.75%),

BSE Bankex Index (up 1.39%), BSE FMCG Index (up 1.16%).

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

1.67%), BSE India Infrastructure Index (down 0.51%), BSE Oil & Gas Index (down 0.44%)

Amongst stock specific action, positive bias was seen in stocks like KOTAK BANK (up 3.26%), HDFC

(up 3.18%), SBIN (up 3.08%)

Among stocks drifting down were: IBHSGFIN (down 5.60%), INFRATEL (down 2.83%), GAIL (down

2.61%)

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

October Series. Long build up in calls was seen at 11200-11650 strike prices for October Series.

Maximum Put Open Interest (OI) was seen at strike price 11000 followed by 11200 strike price for

October series. Put writing was seen at various strike prices especially between 10800-10900 strike

prices for October Series.

As per Tuesday’s Provisional Data available on the NSE, FII’s sold shares worth Rs. 1231.70 crores in

the Indian Equity Market. DIIs on the other hand bought shares worth Rs. 2284.26 crores in the Indian

Equity market.

Highest OI Nifty: Calls 11500: 16.72 L - Puts 11000: 34.00Highest OI Bank Nifty: Calls 26500: 2.68 L - Puts 26500: 3.44 L

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

Long Buildup: JSW STEEL, VEDL, HINDALCO, SAIL, SUN PHARMA.

Short Buildup: IDFC, POWER GRID, YES BANK, DLF, INFIBEAM.

Short Covering: PFC, BANK OF BARODA, ICICI BANK, BHARTI AIRTEL, AXIS BANK.

Long Unwinding: IDEA, GRANULES.

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

New In Ban: DHFL.Out of Ban: ADANI ENT.

Future Call: BUY PFC SEPTEMBER FUTURES at CMP 81.05. Targets

at 84 and then at 89. Stop: 79.20. Holding Period: Intraday. Analyst’s

Remark: Rebound Play (PFC September Futures CMP 81.05).

Option Call: SELL NIFTY SEPTEMBER PE strike price 10900 at CMP

17.00. Maximum Profit: Rs. 1,275. Loss: Unlimited. Stop: Hold Put

Option till expiry (Nifty September Futures CMP 11097.20).

11067.45 (+0.91%)

25330.35 (+1.44%)

16.6825 (-4.27%)

+71 vs 0

6.88 crores (+69.20%)

5.63 lakhs (+59.85%)

4252.04 3772.3

45802.91 42195.77

1366255 1047636

576030 51814

2064676 131080

12017911 1112624

1004472 70737

15663089 1366255

Calls in lakhs (% Change)

11500 16.72 (+12%)

11600 8.38 (+20%)

11900 4.66 (+9%)

Puts in lakhs (% Change)

11000 17.64 (+18%)

10900 9.82 (+12%)

10800 11.97 (+31%)


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 11067.45 10940 10812.55 11137.75 11208.05 11010.3 10757.59 UP

BANKNIFTY 25330.35 24870.08 24409.82 25598.78 25867.21 25138.52 26107.56 DOWN

NIFTYMID50 4807.95 4729.77 4651.58 4859.17 4910.38 4780.98 5152.78 DOWN

ACC 1563.8 1519.6 1475.4 1589.4 1615 1545.2 1548.21 UP

ADANIENT 138.35 128.53 118.72 145.28 152.22 135.47 128.29 UP

ADANIPORTS 337.95 325.02 312.08 350.17 362.38 337.23 389.22 DOWN

AJANTPHARM 1109.45 1083.78 1058.12 1126.83 1144.22 1101.17 1252.85 DOWN

ALBK 37.75 36.35 34.95 38.7 39.65 37.3 51.24 DOWN

AMARAJABAT 768 752 736 778.5 789 762.5 810.83 DOWN

ANDHRABANK 30.6 28.75 26.9 31.8 33 29.95 41.48 DOWN

APOLLOTYRE 231.1 223.8 216.5 236.75 242.4 229.45 268.32 DOWN

ARVIND 344.75 334.17 323.58 358.07 371.38 347.48 410.59 DOWN

ASHOKLEY 121.9 118.72 115.53 124.27 126.63 121.08 134.26 DOWN

ASIANPAINT 1289.9 1263.08 1236.27 1310.78 1331.67 1283.97 1237.37 UP

AUROPHARMA 761.05 738.75 716.45 777.15 793.25 754.85 628.04 UP

AXISBANK 614.35 596 577.65 626.25 638.15 607.9 553.7 UP

BAJAJ-AUTO 2788.7 2743.25 2697.8 2818 2847.3 2772.55 2940.71 DOWN

BAJAJFINSV 6185.65 5995.13 5804.62 6313.08 6440.52 6122.57 5717.37 UP

BAJFINANCE 2299.2 2209.75 2120.3 2359.5 2419.8 2270.05 2084.14 UP

BALKRISIND 1094 1073.95 1053.9 1116.4 1138.8 1096.35 1171.4 DOWN

BALRAMCHIN 82.25 78.67 75.08 84.42 86.58 80.83 90.45 DOWN

BANKBARODA 109.45 105.85 102.25 111.75 114.05 108.15 143.47 DOWN

BANKINDIA 84.25 81.57 78.88 85.82 87.38 83.13 115.47 DOWN

BATAINDIA 960.85 937.98 915.12 978.73 996.62 955.87 809.51 UP

BEL 76.2 74.17 72.13 78.32 80.43 76.28 135.51 DOWN

BEML 646.45 623.93 601.42 673.93 701.42 651.42 1086.47 DOWN

BERGEPAINT 298.5 285.9 273.3 306.05 313.6 293.45 278.58 UP

BHARATFIN 1056.35 1025.88 995.42 1076.93 1097.52 1046.47 1109.01 DOWN

BHARATFORG 616.6 605.93 595.27 624.48 632.37 613.82 690.83 DOWN

BHARTIARTL 360.5 348.45 336.4 368.1 375.7 356.05 411.5 DOWN

BHEL 71.65 69.8 67.95 73.1 74.55 71.25 83.6 DOWN

BIOCON 701.55 671.42 641.28 720.27 738.98 690.13 603.28 UP

BPCL 364.2 357.72 351.23 368.07 371.93 361.58 422.77 DOWN

BRITANNIA 5773.85 5566.83 5359.82 5896.08 6018.32 5689.07 5498.99 UP

CANBK 233.5 224.23 214.97 239.93 246.37 230.67 286.9 DOWN

CANFINHOME 253.8 234.8 215.8 270.65 287.5 251.65 411.26 DOWN

CAPF 510.6 496.02 481.43 524.17 537.73 509.58 625.88 DOWN

CASTROLIND 151.2 149.43 147.67 152.58 153.97 150.82 181.39 DOWN

CEATLTD 1230.65 1207.1 1183.55 1257.1 1283.55 1233.55 1527.92 DOWN

CENTURYTEX 864.45 840.73 817.02 883.93 903.42 860.22 1109.23 DOWN

CESC 891.55 873.42 855.28 906.07 920.58 887.93 996.69 DOWN

CHENNPETRO 279.8 263.8 247.8 288.35 296.9 272.35 338.98 DOWN

CHOLAFIN 1230.4 1170.8 1111.2 1263.25 1296.1 1203.65 1454.03 DOWN

CIPLA 661.75 647.9 634.05 670.7 679.65 656.85 600.29 UP

COALINDIA 275.25 270.28 265.32 283.08 290.92 278.12 281.23 DOWN

COLPAL 1097.2 1081.77 1066.33 1112.77 1128.33 1097.33 1123.86 DOWN

CONCOR 612.7 599.35 586 629.85 647 616.5 657.44 DOWN

CUMMINSIND 692.6 685.73 678.87 698.73 704.87 691.87 764.22 DOWN

DABUR 437.5 425.85 414.2 445.3 453.1 433.65 375.4 UP

DALMIABHA 2421.65 2372.2 2322.75 2455.55 2489.45 2406.1 2761.8 DOWN

DCBBANK 150.2 145.27 140.33 155.07 159.93 150.13 176.77 DOWN

DHFL 299.45 238.18 176.92 378.58 457.72 317.32 591.29 DOWN

DISHTV 59.25 57.9 56.55 60.3 61.35 58.95 72.98 DOWN

DIVISLAB 1388.4 1363.67 1338.93 1404.57 1420.73 1379.83 1118.21 UP

DLF 177.6 166.65 155.7 187.95 198.3 177 214.97 DOWN

DRREDDY 2611.7 2568.22 2524.73 2637.22 2662.73 2593.73 2236.79 UP

EICHERMOT 25599.7 25093.3 24586.9 26048.05 26496.4 25541.65 28768.79 DOWN

ENGINERSIN 119.95 116.78 113.62 122.73 125.52 119.57 152.37 DOWN

EQUITAS 130.05 124.9 119.75 133.6 137.15 128.45 147.83 DOWN

ESCORTS 661.45 641.47 621.48 673.37 685.28 653.38 856.9 DOWN

EXIDEIND 257.35 250.35 243.35 265.75 274.15 258.75 243.78 UP

FEDERALBNK 71.85 70.22 68.58 73.07 74.28 71.43 91.96 DOWN

FORTIS 136.35 134.3 132.25 138.6 140.85 136.55 145.39 DOWN

GAIL 369.9 362.13 354.37 379.08 388.27 371.32 351.67 UP

GLENMARK 634.55 619.83 605.12 648.43 662.32 633.72 576.12 UP

GMRINFRA 16.85 16.35 15.85 17.35 17.85 16.85 18.63 DOWN

GODREJCP 782.4 768.92 755.43 796.97 811.53 783.48 792.61 DOWN

GODREJIND 540.2 530.58 520.97 548.28 556.37 538.67 589.38 DOWN

GRANULES 100.3 95.23 90.17 105.48 110.67 100.42 108.51 DOWN

GRASIM 1039.1 1016.93 994.77 1052.33 1065.57 1030.17 1077.66 DOWN

GSFC 98.9 94.07 89.23 103.22 107.53 98.38 124.88 DOWN

HAVELLS 628.1 610.37 592.63 640.87 653.63 623.13 563.91 UP

HCC 11.25 10.47 9.68 12.12 12.98 11.33 23.51 DOWN

HCLTECH 1116.35 1098.75 1081.15 1129.5 1142.65 1111.9 958.33 UP

HDFC 1773.35 1730.1 1686.85 1800.3 1827.25 1757.05 1853.88 DOWN

HDFCBANK 1952.4 1924.27 1896.13 1971.27 1990.13 1943.13 1981.6 DOWN

HDIL 21.9 21.42 20.93 22.82 23.73 22.33 37.9 DOWN

HEROMOTOCO 3112.6 3088.07 3063.53 3131.07 3149.53 3106.53 3527.83 DOWN

HEXAWARE 443.75 430.77 417.78 455.27 466.78 442.28 410.08 UP

HINDALCO 243.05 236.97 230.88 246.97 250.88 240.88 236.13 UP

HINDPETRO 243.15 239.47 235.78 246.37 249.58 242.68 331.77 DOWN

HINDUNILVR 1630.85 1591.93 1553.02 1654.88 1678.92 1615.97 1500.92 UP

HINDZINC 303.8 295.37 286.93 309.02 314.23 300.58 299.19 UP

IBREALEST 110.7 97.93 85.17 119.73 128.77 106.97 186.21 DOWN

IBULHSGFIN 929.65 815.77 701.88 1013.77 1097.88 899.88 1236.55 DOWN

ICICIBANK 311.1 302.93 294.77 316.38 321.67 308.22 304.63 UP

ICICIPRULI 349.1 331.92 314.73 360.02 370.93 342.83 396.83 DOWN

IDBI 51.9 49.47 47.03 53.57 55.23 51.13 63.21 DOWN

IDEA 40.5 39.4 38.3 41.7 42.9 40.6 71.02 DOWN

IDFC 41.85 40.47 39.08 43.42 44.98 42.03 52.33 DOWN

IDFCBANK 37.95 36.8 35.65 39.05 40.15 37.9 47.49 DOWN

IFCI 12.65 11.7 10.75 14 15.35 13.05 20.4 DOWN

IGL 264.75 258.2 251.65 268.7 272.65 262.15 289.13 DOWN

INDIACEM 106.4 103.03 99.67 108.63 110.87 105.27 140.46 DOWN

INDIANB 236.3 218.9 201.5 254.05 271.8 236.65 336.61 DOWN

INDIGO 852.75 828.95 805.15 868.6 884.45 844.8 1178.38 DOWN

INDUSINDBK 1696.75 1657.98 1619.22 1726.53 1756.32 1687.77 1823.87 DOWN

INFIBEAM 214.5 200.2 185.9 227.6 240.7 213.3 168.59 UP

INFRATEL 269.35 264.93 260.52 276.88 284.42 272.47 320.92 DOWN

INFY 726.2 716.8 707.4 735.8 745.4 726.4 608.29 UP

IOC 154.15 151.48 148.82 156.33 158.52 153.67 174.85 DOWN

IRB 137.4 131.28 125.17 143.38 149.37 137.27 221.82 DOWN

ITC 301.15 294.88 288.62 304.88 308.62 298.62 276.35 UP

JETAIRWAYS 192.45 183.4 174.35 206.6 220.75 197.55 532.98 DOWN

JINDALSTEL 225.65 216.93 208.22 231.13 236.62 222.42 228.39 DOWN

JISLJALEQS 75.05 73.17 71.28 77.17 79.28 75.28 104.69 DOWN

JPASSOCIAT 7.2 6.78 6.37 7.73 8.27 7.32 16.99 DOWN

JSWENERGY 64.75 63.3 61.85 66.2 67.65 64.75 76.23 DOWN

JSWSTEEL 403.65 392.77 381.88 410.77 417.88 399.88 315.68 UP

JUBLFOOD 1260.05 1237.87 1215.68 1289.37 1318.68 1267.18 1208.57 UP

JUSTDIAL 492.2 472.93 453.67 511.58 530.97 492.32 512.16 DOWN

KOTAKBANK 1183.35 1138.63 1093.92 1209.58 1235.82 1164.87 1182.21 UP

KPIT 267.6 259.45 251.3 278.4 289.2 270.25 245.73 UP

KSCL 602.05 593.55 585.05 610.6 619.15 602.1 540.87 UP

KTKBANK 101.75 98.23 94.72 104.13 106.52 100.62 126.55 DOWN

L&TFH 132.1 123.62 115.13 137.47 142.83 128.98 167.27 DOWN

LICHSGFIN 436.45 421.73 407.02 446.28 456.12 431.57 522.71 DOWN

LT 1319.05 1307.13 1295.22 1331.83 1344.62 1319.92 1318.24 UP

LUPIN 882.55 864.12 845.68 894.37 906.18 875.93 840.4 UP

M&M 893 872.17 851.33 906.92 920.83 886.08 834.41 UP

M&MFIN 414.1 393.8 373.5 427.2 440.3 406.9 470.93 DOWN

MANAPPURAM 78.6 76.32 74.03 80.22 81.83 77.93 108.1 DOWN

MARICO 331.65 327.37 323.08 336.07 340.48 331.78 328.55 UP

MARUTI 7999.45 7780.22 7560.98 8118.47 8237.48 7899.23 9030.46 DOWN

MCDOWELL-N 530.1 512.87 495.63 541.17 552.23 523.93 652.6 DOWN

MCX 730.65 710.18 689.72 751.13 771.62 730.67 808.16 DOWN

MGL 822.4 811.92 801.43 828.77 835.13 818.28 937.49 DOWN

MOTHERSUMI 263.95 256.2 248.45 268.85 273.75 261.1 327.92 DOWN

MRF 65780.65 63570.43 61360.21 67545.43 69310.22 65335.21 73278.66 DOWN

MUTHOOTFIN 427.65 414.18 400.72 439.93 452.22 426.47 416.5 UP

NATIONALUM 65.85 64.73 63.62 67.13 68.42 66.02 71.77 DOWN

NBCC 63.85 61.38 58.92 66.33 68.82 63.87 94.41 DOWN

NCC 79.7 77.5 75.3 81.3 82.9 79.1 113.35 DOWN

NMDC 113.3 111.45 109.6 114.45 115.6 112.6 121.21 DOWN

NTPC 170 166.1 162.2 172.2 174.4 168.3 166.48 UP

OFSS 4101.95 4019.6 3937.25 4154.1 4206.25 4071.75 4009.52 UP

OIL 219.85 215.18 210.52 223.43 227.02 218.77 224.66 DOWN

ONGC 182.3 179.58 176.87 184.83 187.37 182.12 178.38 UP

ORIENTBANK 66.7 64.42 62.13 68.22 69.73 65.93 93.04 DOWN

PCJEWELLER 69.85 67.2 64.55 73.15 76.45 70.5 257.95 DOWN

PEL 2518.75 2414.88 2311.02 2594.03 2669.32 2490.17 2648.29 DOWN

PETRONET 223.5 218.67 213.83 228.67 233.83 223.83 232.22 DOWN

PFC 80.85 78.77 76.68 82.22 83.58 80.13 92.88 DOWN

PIDILITIND 1100.2 1082.47 1064.73 1115.47 1130.73 1097.73 1011.78 UP

PNB 66.95 63.85 60.75 69.85 72.75 66.75 108.88 DOWN

POWERGRID 192.6 189.97 187.33 196.92 201.23 194.28 196.48 DOWN

PTC 68.6 66.48 64.37 71.23 73.87 69.12 92.2 DOWN

PVR 1253.65 1222.32 1190.98 1289.27 1324.88 1257.93 1340.18 DOWN

RAMCOCEM 649.5 632.1 614.7 662.1 674.7 644.7 738.41 DOWN

RAYMOND 721.25 706.27 691.28 732.62 743.98 717.63 951.7 DOWN

RBLBANK 521.2 507.7 494.2 536.25 551.3 522.75 528.93 DOWN

RCOM 11.5 11.08 10.67 12.03 12.57 11.62 19.81 DOWN

RECLTD 100.7 97.33 93.97 102.93 105.17 99.57 126.85 DOWN

RELCAPITAL 316.05 304.47 292.88 325.77 335.48 314.18 439.74 DOWN

RELIANCE 1230.6 1202.07 1173.53 1252.07 1273.53 1223.53 1005.68 UP

RELINFRA 318.35 303.43 288.52 333.78 349.22 318.87 443.29 DOWN

REPCOHOME 451.2 430.57 409.93 463.52 475.83 442.88 593.31 DOWN

RPOWER 27 26.13 25.27 27.98 28.97 27.12 38.39 DOWN

SAIL 75 73.07 71.13 76.17 77.33 74.23 80.29 DOWN

SBIN 270.9 263.48 256.07 275.63 280.37 268.22 277.86 DOWN

SHREECEM 17129 16836.02 16543.03 17485.96 17842.93 17192.98 17076.06 UP

SIEMENS 941.75 917.07 892.38 959.92 978.08 935.23 1093.77 DOWN

SOUTHBANK 14.35 14 13.65 14.7 15.05 14.35 24.6 DOWN

SREINFRA 40.2 38.6 37 41.8 43.4 40.2 75.75 DOWN

SRF 1899.7 1864.72 1829.73 1931.82 1963.93 1896.83 1913.62 DOWN

SRTRANSFIN 1176.85 1120.4 1063.95 1217.65 1258.45 1161.2 1398.2 DOWN

STAR 464.65 447.6 430.55 480.1 495.55 463.05 580.37 DOWN

SUNPHARMA 641.1 628.43 615.77 649.38 657.67 636.72 551.64 UP

SUNTV 639.9 626.3 612.7 649.2 658.5 635.6 878.05 DOWN

SUZLON 6.2 5.95 5.7 6.5 6.8 6.25 10.52 DOWN

SYNDIBANK 33.45 32.42 31.38 34.12 34.78 33.08 55.53 DOWN

TATACHEM 710.8 693.48 676.17 722.88 734.97 705.57 718.63 DOWN

TATACOMM 502.9 495.43 487.97 511.68 520.47 504.22 613.29 DOWN

TATAELXSI 1233.9 1204.15 1174.4 1264.3 1294.7 1234.55 1173.66 UP

TATAGLOBAL 236.1 233.15 230.2 237.9 239.7 234.95 269.01 DOWN

TATAMOTORS 240.8 236.33 231.87 244.38 247.97 239.92 328.95 DOWN

TATAMTRDVR 127.05 124.8 122.55 129.05 131.05 126.8 186.52 DOWN

TATAPOWER 70.3 68.43 66.57 71.73 73.17 69.87 81.43 DOWN

TATASTEEL 601 581 561 615 629 595 614.45 DOWN

TCS 2183.2 2154.03 2124.87 2212.13 2241.07 2182.97 1687.56 UP

TECHM 758.75 745 731.25 772.6 786.45 758.85 639.58 UP

TITAN 796.85 778.57 760.28 814.72 832.58 796.43 882.24 DOWN

TV18BRDCST 38.3 36.53 34.77 39.98 41.67 38.22 55.94 DOWN

TVSMOTOR 592.65 575.37 558.08 603.67 614.68 586.38 629.94 DOWN

UBL 1385.15 1335.27 1285.38 1415.02 1444.88 1365.13 1143.05 UP

UJJIVAN 278.55 263.85 249.15 287.55 296.55 272.85 375.2 DOWN

ULTRACEMCO 4028.7 3969.47 3910.23 4068.47 4108.23 4009.23 4080.73 DOWN

UNIONBANK 70.15 67.62 65.08 72.87 75.58 70.33 102.78 DOWN

VEDL 230.4 227.1 223.8 233.3 236.2 230 273.99 DOWN

VGUARD 182.1 178.83 175.57 185.68 189.27 182.42 221.78 DOWN

VOLTAS 577.25 563.13 549.02 586.38 595.52 572.27 595.09 DOWN

WIPRO 328.3 324.73 321.17 333.38 338.47 329.82 288.17 UP

WOCKPHARMA 563.5 538.48 513.47 581.23 598.97 556.22 728.6 DOWN

YESBANK 219.7 198.35 177 239.95 260.2 218.6 335.42 DOWN

ZEEL 449.4 439.78 430.17 456.23 463.07 446.62 555.72 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



Major weakness below 29991. Hurdles seen at 30901. Interweek Strategy: Establish long positions between 30445-30525 zone, targeting 31101 and then at 31500-31801 zone. Stop 29991.

Interweek Strategy: Establish buy positions at CMP, targeting 38771 and then aggressive targets located at at 39251-39525 zone. Stop 37100.

Intraday strategy: Establish long positions between 5051-5075 zone, targeting 5305 and then at 5405-5445 zone with stop at 5051.

Interweek strategy: Establish long positions on dips between 445-449 zone, targeting 461 and then finally at 475-475 zone with stop at 429.50.

Interweek Strategy: Buy between 213-215 zone, targeting 225 and then at 229-231 zone with stop below 209.

Overbought conditions seen prevailing. Interweek strategy: Establish long position only on any sharp declines between 72.05-7210 zone, targeting 73.05 and then aggressive targets at 74.50-75 zone with stop at 70.21.

30810 30445 29991 31101 31800 Neutral

38263 37871 37101 38771 39529 Positive

5258 5051 4895 5305 5445 Positive

459 445 431 461 479 Positive

222.60 213.00 205.00 225.00 231.00 Positive

72.69 72.05 70.25 73.05 75.00 Positive

MCX Oil futures stays firm despite Trump demand to OPEC to ‘get prices down’. Positive bias to continue.

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



Crude-Oil prices at 4-year high after OPEC refuses Trump demand to lower oil prices.

Intraday Strategy: Establish short positions between 1217-1223 zone, targeting 1198 zone and then aggressive targets at 1175-1179 zone with stop at 1235.

Intraday Strategy: Establish short positions between 14.75-14.89 zone, targeting 14.05 zone and then aggressive targets at 13.45-13.55 zone with stop at 15.39.

Intraday Strategy: Establish long positions between 70.45-71.05 zone, targeting 73.05 zone and then at 75 with stop at 68.21.

The EUR/USD was seen drifting in Tuesday's trade. Technically, the bias continues to be neutral with initial downside risk at 1.1501. Hurdles continue to be at 1.1900. Selling on strength should be the preferred trading strategy.

The U.S Dollar was seen attempting a rebound in Tuesday's trade. We shift our bias to neutral on the US Dollar Index. Hurdles at 97.50. Downside well supported at 92.50. Major weakness now only below 92.50.

Wall Street was attempting to stay in green in yesterday's trade as investors held off on making big bets ahead of a closely watched meeting by the Federal Reserve. Concerns about continuing trade tensions also lingered. The near term bias continues to be positive.

1206 1189 1175 1223 1233 Neutral

14.51 14.05 13.45 15.27 15.95 Neutral

72.2 70.45 68.25 73.05 75 Positive

1.1749 1.1501 1.1215 1.1801 1.1900 Neutral

94.22 92.50 90.00 97.50 99.00 Neutral

26577 25445 23501 27001 27901 Positive


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

147.2 146.12 145.03 149.22 151.23 144.56 150.55 DOWN

1429.7 1413.77 1397.83 1451.97 1474.23 1077.78 1360.7 DOWN

4729 4713.67 4698.33 4751.67 4774.33 4270.72 4645 UP

3925 3902 3879 3949 3973 3833.5 3809 UP

459.1 456.12 453.13 462.67 466.23 445.92 443.6 UP

22340 22256.67 22173.33 22486.67 22633.33 21376.95 22620 UP

5273 5179.67 5086.33 5336.67 5400.33 4435.26 4832.5 UP

30842 30660.67 30479.33 30957.67 31073.33 30326.66 30346 UP

9152 9019 8886 9337 9522 8870.88 9617 UP

4249.5 4197.67 4145.83 4319.67 4389.83 4112.79 4405 DOWN

18965 18746.67 18528.33 19336.67 19708.33 17700.85 20670 DOWN

147.3 145.95 144.6 149.55 151.8 157.27 142.65 DOWN

1663.4 1642.43 1621.47 1698.53 1733.67 1473.24 1820.8 UP

221 216.3 211.6 223.5 226 189.91 203.5 UP

929.8 919.53 909.27 947.53 965.27 910.87 871 UP

4214 4196.67 4179.33 4237.67 4261.33 4021.49 4121 UP

37867 37499.66 37132.33 38109.66 38352.33 38732.98 36820 UP

3050 3050 3050 3050 3050 3614.83 3015 UP

3303 3266 3229 3364 3425 3490.58 3157 UP

183.8 180.53 177.27 186.93 190.07 202.66 169.5 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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