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Welcome Note

Wednesday29th August, 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 Wednesday's trading action at Dalal Street, dated 29th

of August 2018.

This Wednesday, Nifty bulls are again likely to be in firm control amidst supportive global cues;

as in overnight trade, the S&P 500 and the Nasdaq traded firm near fresh records, and the Dow

climbed to within 2% of its all-time high.

The key positive catalyst working in favor of Dalal Street: Optimism in the wake of U.S.-Mexico

trade pact.

Our call of the day suggests a U.S.-Mexico trade deal should brighten the outlook for stocks

particularly sensitive to the global economy. Expect, metals and mining stocks to enjoy strong

session, given their sensitivity to the global economy.

Now to the big question of the day: How long Nifty's record-breaking run will keep

going?

Well, they say bull markets in stocks 'mature on optimism' and they eventually 'die on euphoria'.

Well, at the moment the euphoria or panic buying is still missing. We say so because, the market

breadth, indicating the overall health of the market, continues to be negative.

This clearly indicates, Dalal Street stocks have further to run.

STOCKS TO WATCH:

• Our chart of the day suggests establishing long positions in promising stocks like SAIL,

JINDAL STEEL& POWER, TATA STEEL and VEDANTA with interweek perspective.

• Bullish stocks: ADANI ENTERPRISES, BIOCON, BHARAT FORGE, HDFC BANK,

HINDUSTAN UNILEVER, JUBILANT FOODS, M&M, MCDOWELL, OFSS, SAIL, TATA

ELXSI, VGUARD, VOLTAS.

• Bearish stocks: ALLAHABAD BANK, BEL, BPCL, HPCL, BANK OF INDIA, JUST DIAL, LIC

HOUSING FINANCE, MCX, MGL, MRF, RCOM, RELIANCE CAPITAL, SOUTH INDIAN BANK,

SUN TV, SUZLON, SYNDICATE BANK, TATA COMMUNICATION, TATA GLOBAL, UNION

BANK OF INDIA.

• Show Me the Money: Buy JINDAL STEEL & POWER (CMP 208.85): Jindal Steel &

Power is aiming to move above its crucial oversold technical conditions on the daily

charts. Confirmation of major strength above 213 mark. Intraday Strategy: Buy at CMP,

targeting 213 and then more aggressive targets located at 225-227.50 zone. Stop below

201.

• Reliance Industries up for six consecutive trading sessions. RIL becomes first Indian

company to hit m-cap of Rs 8 lakh crore. Interestingly, shares of Reliance Industries have

climbed 60% in the last one year against 63% rise in TCS stock during the same period.

• JSW Steel To Replace Lupin In Nifty 50 From Sept. 28. The company will join Tata Steel

Ltd., the only other steelmaker in the index, according to a press release by the National

Stock Exchange.

• Stocks banned in F&O segment for today: DHFL, IDBI, PUNJAB NATIONAL BANK,

JAIN IRRIGATION.

FII & DII DATA:

• As per Tuesday's provisional data available on the NSE, Foreign institutional investors

(FIIs) sold shares worth Rs 161 crore and domestic institutional investors also sold Rs

199 crore in the Indian equity market.

Outlook for Wednesday: Metals may continue to shine.

Nifty most likely will open above the dotted lines. The remarkable strength comes from the fact

that Indian equities at the moment are largely driven by domestic flows.

11739 0.40%

28269 0.02%

11044 0.46%

32494 -0.34%

3252 -0.08%

15583 0.44%

2865 -0.23%

5272 -0.16%

3597 1.82%

10050 -0.44%

271 -0.90%

7597 0.10%

38897 0.52%

11756 -0.03%

Consolidation day likely.

Neutral (11689-11789)

Neutral (11300-11901)

Neutral (12001)

11677 & 11531

11791 & 12001

11321



Technical Strategy


On the option data front, key resistance level for the August series are at 11,800 strike price.

While support for Nifty are seen at 11,700 strike price as maximum put open interest seen at

11,700 strike price.

Overbought technical conditions may prevail, but the risk-reward still favors' longs. Optimism is

still the order of the day as the market undertone remains bullish on backdrop of support of

consistent short covering and long buildup. Having said that, volatility could be the hallmark as

traders roll over their positions in F&O segment to September series. August series expire on

Thursday, 30th August 2018.

GLOBAL CUES:

• U.S. markets have officially entered their longest bull market in history.

Wall Street was seen trading with positive bias with the Nasdaq Composite above 8,000

mark and the Dow retaking 26,000 since early February, as the market rallied on

enthusiasm over a new trade deal between the U.S. and Mexico.

COMMODITY CUES:

In Tuesday's trade, Crude-oil price rose towards its highest since early July, thanks to evidence

of still-modest increases in output from OPEC and improving Chinese refining demand. Brent

crude oil futures were at $76.65 a barrel.

• Copper prices were seen marching with strength in yesterday's trade amidst value

buying. MCX COPPER (423): Interweek strategy: Establish long positions at CMP,

targeting 431 and then at 441-447.50 zone with stop at 405.

• Gold prices were at two-week high as the dollar fell to a one-month low following the U.S.

and Mexico deal.

CURRIENCIES & BONDS:

• The U.S. dollar index traded drifted in yesterday's trade, amidst profit booking.

• The rupee rose mildly against the US dollar to close at 70.10 on Tuesday. Buying on dips

should be preferred strategy. Interweek strategy: Establish long position between 69.70-

69.75 zone, targeting 70.50 and then aggressive targets at 72.50-73 with stop at 69.45.

MACRO WATCH:

• All anxious eyes will be on India's GDP growth data for the April-June quarter due this

Friday.

• Foreign investors and funds pumped in a little over Rs. 6,700 crore into the capital

markets so far this month.

• India's foreign exchange reserves fell by $33.2 million to $400.847 billion in the week to

August 17, mainly due to fall in foreign currency assets, according to Reserve Bank of

India data.

What Technical Tells Us on Nifty: Nifty zoomed in yesterday's trade and settled at record

highs, up 0.4%. The Sensex and the Nifty, both, attained record high levels in intraday as well as

on closing basis.

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

index ended down 0.35% while the BSE Small-Cap index was up 0.36%. Both these indices

underperformed Nifty/Sensex.

Technically speaking, the must watch support levels are placed at 11,677 & then at 11,531. The

technical landscape will worsen only if Nifty slips below the 11,319 mark as that would open the

door to massive technical selling, possibly quickly to the 10,750-10,901 zone.

Going forward, the intraday bias is positive amidst suspected short covering action and value

momentum buying. Nifty’s monthly chart shows that there's further room to go up, amidst latest

breakout set-up after the long consolidative phase. The momentum technical indicators are in

bullish mode.

STEEL AUTHORITY ( SAIL)

Action

Target

Support

Resistance

Holding Period

77.9

BUY

92.5

75/71

82.50/95

45 days

In Tuesday's trade, Steel Authority (SAIL) ended

on a positive note and was seen attempting a

major rebound from a lower consolidation zone

on the daily charts, up 0.58%.

Technically, the stock is in consolidation mode at

lower levels and the momentum oscillators are

signaling a major breakout on the buy mode. Any

move above 82.50 zone will confirm strength

which also needs to be backed by increases in

volumes. The stock is seen moving up on daily

charts, backed by positive divergences.

Key support to watch in near term is at 75 zone.

Medium term supports seen at 71-72.50 zone.

Intermonth perspective: Establish long

positions at CMP, and on dips between 71-73

zone, targeting 82.50 zone and then at 92.50

mark and final aggressive targets at 100-101

zone with strict stop at 74.45.




For the day, we believe, Nifty will trade with positive bias with downside well supported at 11689 mark. Hurdles continue to be at psychological 11,801 mark

and then aggressive targets at 12,001 mark.

The price action for Nifty is suggesting that we are likely to see an 11,501-11,801 range in near term with positive bias.

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

Upwards and upwards -- so goes Dalal Street; absolutely with no sign of hesitation! We suspect, Nifty still have some way to go before hitting the wall.

Preferred trade on Nifty: Nifty (11739): Buy between 11691-11705 zone, targeting 11775 and then at 11851-11901 zone with stop at 11501.

Preferred trade on Bank Nifty: Bank Nifty (28269): Establish long positions at CMP, targeting 28501 zone and then at 28901-29001 zone with strict stop

at 27551.

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 recent sequence of higher highs/lows is intact on weekly/daily charts. Key intraday support seen at 2061 zone. Interweek Strategy: Buy at CMP, targeting 2127 and then at 2155-2163 zone. Stop below 22045.

HUL is signaling a major breakout from a higher consolidation zone on the daily charts. Interweek Strategy: Establish long positions between 1755-1765 zone, targeting 1807 and then aggressive targets located at 1815-1821 zone. Stop below 1731.

Jubilant Foods is at fresh record highs. The sequence of higher highs/lows is intact on all time frames. Interweek Strategy: Buy between 1537-1547 zone, targeting 1591 and then more aggressive targets located at 1621-1625 zone. Stop below 1521.

Jindal Steel & Power is aiming to move above its crucial oversold technical conditions on the daily charts. Confirmation of major strength above 213 mark. Intraday Strategy: Buy at CMP, targeting 213 and then more aggressive targets located at 225-227.50 zone. Stop below 201.

The interweek/intermonth risk is on the upside with immediate targets at 82.50. Key intraday support seen at 75.50. Interweek Strategy: Buy at CMP, targeting 81-82.50 zone and then at 91-95 zone with stop below 74.75.

2 Stocks to Buy Right Now: SAIL & JINDAL STEEL & POWER.

HDFC BANK

HINDUSTAN UNILEVER

JUBILANT FOODS

JINDAL STEEL & POWER

SAIL

2095 2061 2045 2127 2163 Positive

1771.3 1751 1711 1807 1821 Positive

1564.25 1531 1495 1591 1621 Positive

208.85 201 197.5 213 227.5 Positive

77.9 75.5 72.5 82.5 95 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: Dalal Street's record-breaking run continued in yesterday's trade as well. The benchmarks were seen building on to Monday’s solid gains, which saw Nifty & Sensex log

record closing highs after President Donald Trump announced a pending trade deal with Mexico,

easing global trade-war worries. The market breadth, indicating the overall health of the market, continues to be negative. Even in

yesterday's trade, the BSE Mid-Cap index ended down 0.35% while the BSE Small-Cap index was

up 0.36%. Both these indices underperformed Nifty/Sensex. Going forward, volatility could be the hallmark as traders roll over their positions in F&O segment to

September series. August series expire on Thursday, 30th August 2018.

Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE Metal Index (up 1.89%),

BSE Auto Index (up 0.57%), BSE Power Index (up 0.44%).

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

1.13%), BSE Consumer Durables Index (down, 0.82%)

Amongst stock specific action, positive bias was seen in stocks like HINDALCO (up 4.17%),

RELIANCE (2.40%), ADANI PORTS (up 2.34%)

Among stocks drifting down were: GAIL (down 4.83%), YES BANK (down 3.24%), HIND PETRO

(down 1.89%)

Maximum Call Open Interest (OI) stands at 11800 Strike Price, followed by 11700 Strike Price for

August Series. Most of Call Options open interest came down amid rollover of positions ahead of

F&O expiry on 30th August.

Maximum Put Open Interest (OI) was seen at strike price 11000 followed by 11,500 strike price for

August series. Put writing was seen predominantly at 11550-11800 strike prices for August series.

As per Tuesday's provisional data for cash available on the NSE, Foreign institutional investors

(FIIs) sold shares worth Rs. 161.05 crores. Domestic institutional investors too, sold shares worth

Rs. 199.28 crores in the Indian equity market.

Highest OI Nifty: Calls 11800: 28.31 L - Puts 11000: 38.42

Highest OI Bank Nifty: Calls 28500: 10.75 L - Puts 28000: 13.63 L

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

Long Buildup: JSW STEEL, JINDAL STEEL, EQUITAS, VEDL, L&TFH.

Short Buildup: YES BANK, BANK OF BARODA, UNION BANK, HIND PETRO, GAIL.

Short Covering: JET AIRWAYS, JAIN IRRIGATION, GSFC, BALKRISHNA, CUMMINS

Long Unwinding: SBIN, CESC, PTC, MCX, CAPF.

Stocks banned in F&O segment for today: DHFL, IDBI, JAIN IRRIGATION, PNB.

New In Ban: IDBI, PNB.

Out of Ban: HEXAWARE, JET AIRWAYS.

Future Call: SELL APOLLO TYRES AUGUST FUTURES between 258-

260 zone. Targets 251 and then at 243. Stop: 265. Holding Period:

Intraday. Analyst’s Remark: Breaking Down (Apollo Tyres August

Futures CMP 255.70).

Option Call: BUY VEDL AUGUST CE strike price 230 at CMP 4.10.

Profit: Unlimited. Maximum Loss: Rs. 7,175. Stop: Hold Calll Option

till expiry. (Vedanta August Futures CMP 230.90).

11738.50 (+0.40%)

28269.65 (+0.019%)

12.4250 (+1.53%)

+19 vs +20

2.74 crores (-1.06%)

16.62 lakhs (-7.40%)

2868.28 3023.68

32636.51 29974.67

993882 783115

317784 30115

1688618 123393

7361691 754380

1053483 85995

10421576 993882

Callsin lakhs (%Change)

11800 28.31 (+17%)

11700 21.86 (-22%)

11900 14.23 (+5%)

Putsin lakhs (% Change)

11700 34.76 (+89%)

11600 32.53 (-10%)

11500 37.03 (-4%)


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 11738.5 11712.6 11686.7 11762.3 11786.1 11736.4 10655.28 UP

BANKNIFTY 28269.65 28152.02 28034.38 28387.97 28506.29 28270.33 25979.43 UP

NIFTYMID50 5272.55 5248.38 5224.22 5300.73 5328.92 5276.57 5156.71 UP

ACC 1623.65 1603.92 1584.18 1656.47 1689.28 1636.73 1561.33 UP

ADANIENT 229.7 215.27 200.83 238.32 246.93 223.88 160.95 UP

ADANIPORTS 386.95 379.27 371.58 391.52 396.08 383.83 392.07 DOWN

AJANTPHARM 1234.3 1219.53 1204.77 1257.53 1280.77 1242.77 1261.85 DOWN

ALBK 40.45 39.95 39.45 41 41.55 40.5 54.61 DOWN

AMARAJABAT 853.1 841.27 829.43 872.47 891.83 860.63 809.22 UP

ANDHRABANK 32.1 31.7 31.3 32.75 33.4 32.35 44.4 DOWN

APOLLOTYRE 253.85 249.23 244.62 261.73 269.62 257.12 268.56 DOWN

ARVIND 398.4 394.17 389.93 405.57 412.73 401.33 414.6 DOWN

ASHOKLEY 132.35 131.18 130.02 134.08 135.82 132.92 133.22 DOWN

ASIANPAINT 1407.5 1399.12 1390.73 1417.77 1428.03 1409.38 1223.35 UP

AUROPHARMA 685.85 679.4 672.95 692.1 698.35 685.65 624.42 UP

AXISBANK 660.05 647.1 634.15 667.9 675.75 654.95 545.78 UP

BAJAJ-AUTO 2684.4 2668.67 2652.93 2702.57 2720.73 2686.83 2981.89 DOWN

BAJAJFINSV 6971.45 6913.6 6855.75 7051.65 7131.85 6993.8 5591.32 UP

BAJFINANCE 2932.6 2911.6 2890.6 2967.8 3003 2946.8 2004.74 UP

BALKRISIND 1408.6 1362.45 1316.3 1434.85 1461.1 1388.7 1157.59 UP

BALRAMCHIN 73.25 71.87 70.48 75.52 77.78 74.13 97.79 DOWN

BANKBARODA 143.85 140.57 137.28 149.22 154.58 145.93 147.05 DOWN

BANKINDIA 91.5 89.73 87.97 94.13 96.77 92.37 125.04 DOWN

BATAINDIA 1099.6 1067.4 1035.2 1120.35 1141.1 1088.15 784.64 UP

BEL 115.1 114.25 113.4 116.7 118.3 115.85 143.47 DOWN

BEML 819.5 811.08 802.67 832.83 846.17 824.42 1167.83 DOWN

BERGEPAINT 342.65 333.87 325.08 348.72 354.78 339.93 273.29 UP

BHARATFIN 1178.95 1167.7 1156.45 1199.85 1220.75 1188.6 1095.6 UP

BHARATFORG 654.45 647 639.55 660.45 666.45 653 694.75 DOWN

BHARTIARTL 376.8 372.9 369 383.2 389.6 379.3 422.17 DOWN

BHEL 77.7 75.92 74.13 80.12 82.53 78.33 84.82 DOWN

BIOCON 615.2 610.4 605.6 618.6 622 613.8 582.41 UP

BPCL 358.55 355.5 352.45 363.25 367.95 360.2 436.14 DOWN

BRITANNIA 6845.65 6823.62 6801.58 6863.07 6880.48 6841.03 5374.73 UP

CANBK 274.6 269.53 264.47 282.73 290.87 277.67 297.71 DOWN

CANFINHOME 319.5 316.58 313.67 323.18 326.87 320.27 425.52 DOWN

CAPF 633.6 628.4 623.2 640.4 647.2 635.2 634.95 DOWN

CASTROLIND 157.35 155.48 153.62 160.73 164.12 158.87 185.23 DOWN

CEATLTD 1414.65 1400.93 1387.22 1432.43 1450.22 1418.72 1566.32 DOWN

CENTURYTEX 928.5 920.63 912.77 936.43 944.37 928.57 1144.96 DOWN

CESC 988.6 979.23 969.87 1003.98 1019.37 994.62 999.57 DOWN

CGPOWER 59.4 58.85 58.3 60.2 61 59.65 76.33 DOWN

CHENNPETRO 304.75 301.63 298.52 308.73 312.72 305.62 350.64 DOWN

CHOLAFIN 1454.75 1446.83 1438.92 1463.83 1472.92 1455.92 1445.65 UP

CIPLA 648.3 636.13 623.97 668.98 689.67 656.82 595.84 UP

COALINDIA 294.7 290.05 285.4 299.55 304.4 294.9 280.61 UP

COLPAL 1154.8 1147.95 1141.1 1164.1 1173.4 1157.25 1116.23 UP

CUMMINSIND 779.95 764.63 749.32 792.63 805.32 777.32 774.63 UP

DABUR 485.75 482.85 479.95 488.8 491.85 485.9 364.69 UP

DALMIABHA 2714 2692.1 2670.2 2743.8 2773.6 2721.9 2805.76 DOWN

DCBBANK 173.7 172.05 170.4 175.4 177.1 173.75 178.17 DOWN

DHFL 666.8 655.03 643.27 676.53 686.27 664.77 594.08 UP

DISHTV 71.8 70.88 69.97 72.63 73.47 71.72 74.06 DOWN

DIVISLAB 1280.9 1265 1249.1 1298.4 1315.9 1282.5 1092.13 UP

DLF 213.35 210.42 207.48 216.42 219.48 213.48 216.39 DOWN

DRREDDY 2414.5 2387.7 2360.9 2460.65 2506.8 2433.85 2215.59 UP

EICHERMOT 28677.95 28362.96 28047.98 29129.96 29581.98 28814.98 28954.28 DOWN

ENGINERSIN 123.35 122.15 120.95 125.2 127.05 124 157.55 DOWN

EQUITAS 154.15 146.88 139.62 159.33 164.52 152.07 147.45 UP

ESCORTS 895.35 881.77 868.18 908.02 920.68 894.43 849.26 UP

EXIDEIND 290.05 288.15 286.25 292.75 295.45 290.85 237.42 UP

FEDERALBNK 79.65 77.95 76.25 81.1 82.55 79.4 95.11 DOWN

FORTIS 149.85 148.95 148.05 150.85 151.85 149.95 144.68 UP

GAIL 364.25 353.08 341.92 385.13 406.02 373.97 349.11 UP

GLENMARK 644.35 636.53 628.72 657.18 670.02 649.37 568.29 UP

GMRINFRA 19.05 18.63 18.22 19.43 19.82 19.02 18.54 UP

GODREJCP 1441.7 1410.33 1378.97 1461.53 1481.37 1430.17 1112.77 UP

GODREJIND 629.8 623.68 617.57 634.53 639.27 628.42 586.84 UP

GRANULES 114.45 112.78 111.12 115.93 117.42 114.27 109.58 UP

GRASIM 1072.1 1060.68 1049.27 1086.13 1100.17 1074.72 1090.58 DOWN

GSFC 119.6 117.93 116.27 121.98 124.37 120.32 127.23 DOWN

HAVELLS 716.45 712.5 708.55 721.15 725.85 717.2 549.9 UP

HCLTECH 1040.75 1036.18 1031.62 1046.03 1051.32 1041.47 938.4 UP

HDFC 1955.15 1934.45 1913.75 1967.4 1979.65 1946.7 1836.23 UP

HDFCBANK 2094.85 2083.02 2071.18 2102.47 2110.08 2090.63 1965.12 UP

HDIL 28.7 27.98 27.27 29.83 30.97 29.12 40.69 DOWN

HEROMOTOCO 3232.75 3199.37 3165.98 3255.47 3278.18 3222.08 3568.65 DOWN

HEXAWARE 419.4 414.27 409.13 427.27 435.13 422.13 399.92 UP

HINDALCO 239 233.73 228.47 242.13 245.27 236.87 237.49 UP

HINDPETRO 256.9 253.77 250.63 262.12 267.33 258.98 346.81 DOWN

HINDUNILVR 1771.2 1762.38 1753.57 1785.48 1799.77 1776.67 1466.63 UP

HINDZINC 297.9 295.48 293.07 300.93 303.97 298.52 300.1 DOWN

IBREALEST 143.05 142.27 141.48 144.57 146.08 143.78 192.94 DOWN

IBULHSGFIN 1290.8 1279.43 1268.07 1300.48 1310.17 1289.12 1238.01 UP

ICICIBANK 338.9 335.63 332.37 342.83 346.77 339.57 303.51 UP

ICICIPRULI 380 377.87 375.73 382.77 385.53 380.63 398.13 DOWN

ICIL 77.05 76.57 76.08 77.62 78.18 77.13 94.79 DOWN

IDBI 60.85 58.38 55.92 62.68 64.52 60.22 63.46 DOWN

IDEA 51.1 50.58 50.07 51.78 52.47 51.27 75.4 DOWN

IDFC 51.25 50.53 49.82 51.93 52.62 51.22 53.42 DOWN

IDFCBANK 47.45 46.88 46.32 47.88 48.32 47.32 48.45 DOWN

IGL 282 279.22 276.43 285.92 289.83 283.13 292.85 DOWN

INDIACEM 119.35 117.78 116.22 121.43 123.52 119.87 145.4 DOWN

INDIANB 325.55 320.87 316.18 331.62 337.68 326.93 345.37 DOWN

INDIGO 1023.9 1011.03 998.17 1044.53 1065.17 1031.67 1202.41 DOWN

INDUSINDBK 1933.65 1919.62 1905.58 1958.17 1982.68 1944.13 1806.87 UP

INFIBEAM 234.75 229.1 223.45 238.85 242.95 233.2 163.96 UP

INFRATEL 286.15 282.57 278.98 289.77 293.38 286.18 331.08 DOWN

INFY 1424.7 1411.33 1397.97 1438.23 1451.77 1424.87 1173.79 UP

IOC 155.55 154.33 153.12 157.08 158.62 155.87 178.69 DOWN

IRB 194.05 191.97 189.88 196.87 199.68 194.78 226.95 DOWN

ITC 311.65 309.83 308.02 314.63 317.62 312.82 271.87 UP

JETAIRWAYS 295.45 277.1 258.75 308.35 321.25 290 570.08 DOWN

JINDALSTEL 208.85 205.53 202.22 210.93 213.02 207.62 223.6 DOWN

JISLJALEQS 79.7 77.77 75.83 80.92 82.13 78.98 107.09 DOWN

JPASSOCIAT 11.1 10.78 10.47 11.53 11.97 11.22 17.74 DOWN

JSWENERGY 68.65 67.52 66.38 69.52 70.38 68.38 77.44 DOWN

JSWSTEEL 366.2 356.53 346.87 372.43 378.67 362.77 303.05 UP

JUBLFOOD 1564.25 1554.4 1544.55 1576.05 1587.85 1566.2 1160.62 UP

JUSTDIAL 551.55 544.97 538.38 560.47 569.38 553.88 511.84 UP

KOTAKBANK 1285.1 1275.17 1265.23 1295.02 1304.93 1285.08 1162.62 UP

KPIT 293.8 291.4 289 296.05 298.3 293.65 234.02 UP

KSCL 638.2 633.23 628.27 645.98 653.77 641.02 532.99 UP

KTKBANK 120.15 119 117.85 121.4 122.65 120.25 130.39 DOWN

L&TFH 183.9 181.4 178.9 185.5 187.1 183 169.04 UP

LICHSGFIN 520.15 514.17 508.18 529.97 539.78 523.98 532.28 DOWN

LT 1355.6 1349.73 1343.87 1363.73 1371.87 1357.87 1307.29 UP

LUPIN 901.75 893.6 885.45 914.3 926.85 906.15 832 UP

M&M 980.5 973.85 967.2 987.4 994.3 980.75 812.99 UP

M&MFIN 476.4 472.7 469 480.55 484.7 476.85 469.95 UP

MANAPPURAM 100.1 99.35 98.6 101.3 102.5 100.55 109.13 DOWN

MARICO 371.5 365.93 360.37 378.53 385.57 372.97 324.67 UP

MARUTI 9427.95 9279.8 9131.65 9511.3 9594.65 9363.15 9010.53 UP

MCDOWELL-N 632.15 628.37 624.58 637.47 642.78 633.68 657.46 DOWN

MCX 830 823.08 816.17 841.83 853.67 834.92 823.54 UP

MGL 833.45 825.33 817.22 846.28 859.12 838.17 961.12 DOWN

MOTHERSUMI 309.15 304.33 299.52 312.63 316.12 307.82 333.81 DOWN

MRF 73316.9 72796.83 72276.77 74242.98 75169.06 73722.91 73142.66 UP

MUTHOOTFIN 409.35 405.87 402.38 412.42 415.48 408.93 418.22 DOWN

NATIONALUM 74.95 73.22 71.48 76.17 77.38 74.43 72.83 UP

NBCC 72.45 71.5 70.55 73.55 74.65 72.6 100.25 DOWN

NCC 97.65 96.48 95.32 99.33 101.02 98.17 114.98 DOWN

NMDC 108.8 106.47 104.13 110.32 111.83 107.98 122.17 DOWN

NTPC 168.3 164.92 161.53 173.12 177.93 169.73 167.4 UP

OFSS 4140.35 4070.23 4000.12 4200.23 4260.12 4130.12 3967.1 UP

OIL 208.3 206.07 203.83 211.67 215.03 209.43 227.44 DOWN

ONGC 174.6 172.4 170.2 177.65 180.7 175.45 179.01 DOWN

ORIENTBANK 78.8 77.13 75.47 81.43 84.07 79.77 97.71 DOWN

PCJEWELLER 85.35 83.33 81.32 89.03 92.72 87.02 284.15 DOWN

PEL 3103.75 3065.83 3027.92 3145.83 3187.92 3107.92 2622.3 UP

PETRONET 231.6 229.02 226.43 235.57 239.53 232.98 233.77 DOWN

PFC 81.7 80.4 79.1 83.75 85.8 82.45 96.68 DOWN

PIDILITIND 1153.95 1122.63 1091.32 1186.63 1219.32 1155.32 985.18 UP

PNB 82.9 81.67 80.43 84.97 87.03 83.73 118.21 DOWN

POWERGRID 197.15 195.12 193.08 199.82 202.48 197.78 197.53 DOWN

PTC 86.6 83.75 80.9 90.25 93.9 87.4 95.55 DOWN

PVR 1333.65 1321.53 1309.42 1342.68 1351.72 1330.57 1340.18 DOWN

RAMCOCEM 679.6 669.18 658.77 695.98 712.37 685.57 742.64 DOWN

RAYMOND 824.4 817.4 810.4 835.7 847 828.7 966.69 DOWN

RBLBANK 634.35 626.85 619.35 641.15 647.95 633.65 521.4 UP

RCOM 18.35 18.08 17.82 18.78 19.22 18.52 19.48 DOWN

RECLTD 114.7 112.7 110.7 117.45 120.2 115.45 131.04 DOWN

RELCAPITAL 432.3 425.8 419.3 443.1 453.9 436.6 442.45 DOWN

RELIANCE 1319 1301.67 1284.33 1329.67 1340.33 1312.33 976.29 UP

RELINFRA 423.9 416.48 409.07 430.33 436.77 422.92 444.76 DOWN

REPCOHOME 549.2 538.08 526.97 565.33 581.47 554.22 601.96 DOWN

RPOWER 33.4 33.07 32.73 33.77 34.13 33.43 38.74 DOWN

SAIL 77.9 77.13 76.37 78.53 79.17 77.77 80.53 DOWN

SBIN 305.35 302.42 299.48 309.27 313.18 306.33 281.44 UP

SHREECEM 18780.15 18574.17 18368.18 18942.47 19104.79 18736.48 17051.23 UP

SIEMENS 1027.7 1020.38 1013.07 1035.68 1043.67 1028.37 1113.33 DOWN

SOUTHBANK 17.55 17.47 17.38 17.67 17.78 17.58 25.94 DOWN

SREINFRA 50.25 48.82 47.38 51.52 52.78 50.08 80.57 DOWN

SRF 1949.15 1933.03 1916.92 1975.08 2001.02 1958.97 1896.09 UP

SRTRANSFIN 1336 1314.35 1292.7 1363.4 1390.8 1341.75 1402.02 DOWN

STAR 477.95 472.5 467.05 484.95 491.95 479.5 608.46 DOWN

SUNPHARMA 621.2 615.72 610.23 630.07 638.93 624.58 541.19 UP

SUNTV 771.8 763.77 755.73 781.32 790.83 773.28 892.79 DOWN

SUZLON 7.15 7.07 6.98 7.22 7.28 7.13 11.17 DOWN

SYNDIBANK 38.8 38.28 37.77 39.73 40.67 39.22 60.16 DOWN

TATACHEM 749.4 741.13 732.87 757.53 765.67 749.27 716.99 UP

TATACOMM 547.6 541.45 535.3 554.95 562.3 548.8 628.49 DOWN

TATAELXSI 1417.6 1408.55 1399.5 1433.1 1448.6 1424.05 1135.25 UP

TATAGLOBAL 233.35 230 226.65 238 242.65 234.65 272.29 DOWN

TATAMOTORS 260 258.28 256.57 262.48 264.97 260.77 343.08 DOWN

TATAMTRDVR 139.2 137.85 136.5 141 142.8 139.65 195.4 DOWN

TATAPOWER 74.85 73.55 72.25 76.45 78.05 75.15 82.76 DOWN

TATASTEEL 590.35 581 571.65 596.8 603.25 587.45 619.75 DOWN

TCS 2069.2 2056.8 2044.4 2076.8 2084.4 2064.4 1620.83 UP

TECHM 736.1 730.6 725.1 745.25 754.4 739.75 615.57 UP

TITAN 888.3 873.98 859.67 900.18 912.07 885.87 877.82 UP

TV18BRDCST 47.85 47.48 47.12 48.33 48.82 47.97 56.5 DOWN

TVSMOTOR 569.5 564.27 559.03 573.72 577.93 568.48 642.5 DOWN

UBL 1373.9 1361.32 1348.73 1393.22 1412.53 1380.63 1121.19 UP

UJJIVAN 359.6 352.8 346 365.95 372.3 359.15 380.9 DOWN

ULTRACEMCO 4427.65 4365.1 4302.55 4475.1 4522.55 4412.55 4087.79 UP

UNIONBANK 85.6 83.4 81.2 88.95 92.3 86.75 110.39 DOWN

UPL 654.15 647.77 641.38 663.77 673.38 657.38 705.95 DOWN

VEDL 230.3 226.6 222.9 232.95 235.6 229.25 280.93 DOWN

VGUARD 216.75 214.15 211.55 218.85 220.95 216.25 224.12 DOWN

VOLTAS 629.55 618.5 607.45 637.7 645.85 626.65 596.98 UP

WIPRO 295.6 293.8 292 297.7 299.8 295.9 285.86 UP

WOCKPHARMA 640.8 632.97 625.13 653.77 666.73 645.93 735.33 DOWN

YESBANK 370.6 360.27 349.93 383.47 396.33 373.13 334.84 UP

ZEEL 510.7 507.13 503.57 516.33 521.97 512.77 562.88 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



Interweek Strategy: Establish long positions between 29751-29901 zone, targeting 30251 and then at 30601-30699 zone. Stop 29451.

Interweek Strategy: Establish long positions between 36751-36901 zone, targeting 37601 and then at 38601-38751 zone. Stop 36301.

Intraday strategy: Establish long positions at CMP, targeting 4901 and then at 4975-5001 zone with stop at 4561.

Interweek strategy: Establish long positions at CMP, targeting 431 and then at 441-447.50 zone with stop at 405.

Interweek Strategy: Buy on any early dips between 195-197.50 zone, targeting 213 and then at 221-225 zone with stop below185.

USD/INR was seen struggling for direction in yesterday's trade. Buying on dips should be preferred strategy. Interweek strategy: Establish long position between 69.70-69.75 zone, targeting 70.50 and then aggressive targets at 72.50-73 with stop at 69.45.

30064 29451 28695 30251 30699 Neutral

37176 36451 36101 37601 38751 Neutral

4823 4671 4501 4901 5000 Positive

423 408 393 431 448 Positive

200.40 185.00 179.00 213.00 225.00 Neutral

70.10 69.53 69.02 70.50 73.00 Positive

Gold settles higher as dollar falls in wake of U.S.-Mexico trade pact

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 extends rise amidst easing trade fears.

Intraday Strategy: Establish short positions between 1223-1227 zone, targeting 1201 zone and then aggressive targets at 1189-1193 zone with stop at 1235.

Intraday Strategy: Establish short positions between 15.07-15.13 zone, targeting 14.56 zone and then aggressive targets at 14.05-14.11 with stop at 15.39.

Intraday Strategy: Establish long positions between 67-68 zone, targeting 70 and then at 71.50 with stop at 66.05.

The EUR/USD was seen flaring up in in yesterday's trade amidst drop in US Dollar index. 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 slipped in yesterday's trade amidst profit booking. 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 trading with positive bias amidst optimism of a preliminary trade deal between Mexico & the U.S. Key hurdle now seen at 26451. The near term bias shifts to positive.

1214 1201 1189 1227 1233 Neutral

14.82 14.56 14.05 15.27 15.95 Neutral

68.57 66.45 65 70 71.5 Positive

1.1717 1.1501 1.1215 1.1751 1.1900 Neutral

94.63 92.50 90.00 97.50 99.00 Neutral

26051 25445 23501 26451 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

147.95 144.4 143.8 149 151 143.16 142.2 DOWN

1336.1 1310.47 1284.83 1351.27 1366.43 1043.07 1275.7 UP

4591 4530 4469 4676 4761 4248.36 4570 UP

3982 3910.67 3839.33 4097.67 4213.33 3924.05 4456 UP

423.45 417.08 415.67 427.5 441 446.8 420.1 DOWN

23130 22863.33 22696.67 23243.33 23456.67 20966.15 23610 UP

4826 4802.67 4779.33 4843.67 4861.33 4305.29 4715 DOWN

30067 29896.33 29790.67 30094.33 30186.67 30193.42 29487 UP

8870 8689.33 8508.67 9194.33 9518.67 8775.52 9867 UP

4150.5 4070.33 3990.17 4297.83 4445.17 4052.88 4552 DOWN

18975 18736.67 18498.33 19356.67 19738.33 17778 18400 DOWN

145.1 144.72 144.33 145.52 145.93 158.55 142.65 UP

1783 1683.9 1656.4 1805 1851 1471.47 1630.4 UP

200.4 200.87 199.73 203.77 205.53 188.55 201.9 UP

932.2 929 925.8 936.4 940.6 893.57 952.2 DOWN

4006 3979.33 3952.67 4053.33 4100.67 4013.63 4232 DOWN

37184 37007.66 36865.33 37277.66 37405.33 38856.48 37480 DOWN

2709 2709 2709 2709 2709 3619.22 2651 DOWN

3184 3146.67 3109.33 3245.67 3307.33 3457.9 3401.5 UP

178.2 177.17 176.13 178.97 179.73 205.8 173.3 DOWN



DISCLAIMER: This is solely for information of clients of Comfort Securities Ltd. and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Comfort Securities Ltd. its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but Comfort Securities Ltd. or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information.

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

POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report)Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.

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