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Disclosures and Disclaimer : This report must be read with the disclosures in the Disclosure appendix, and with the Disclaimer, which forms part of it. This document does not contain any investment views or opinions.
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Welcome Note
Monday29th October, 2018
Stock Of The Day: (F & O)
Forecast and Analysis
CONTENTSCONTENTS
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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
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'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
‘30,000 feet view’: The big picture of Dalal Street
Good Morning & Welcome to Monday's trading action at Dalal Street, dated 29th of
October 2018.
It is ugly out there at Dalal Street as there is pessimism all around.
There is blood in the water and sadly, it's of poor investors. Actually, the speed and magnitude of
the declines is a matter of grave concern for perma bulls camp. But digging deeper, some of this
sell-off is a correction that was long overdue.
We suspect, many a investors knew this was coming.
Now, before we start a brand new week of trading, here are the key catalysts which
caught our eye in last 36 hours:
1. Wall Street finishes lower in Friday's trade -- S&P 500, Dow Jones Industrial Average and
S&P 500 turn negative for 2018
2. Crude oil prices settled higher on Friday as commanding attention were worries about
global supply levels and conflicting comments from Saudi Arabia’s energy minister.
3. Gold prices were up for a fourth week in a row, and now near a 3-month high.
4. So far this year, Foreign investors have pulled out a total of Rs 97,000 crore from the
capital markets. This includes over Rs 37,000 crore from equities and close to Rs 60,000
crore from the debt markets.
5. Trade worries were also seen simmering after U.S. said that talks with China will not
resume until Beijing comes up with solid proposals over forced technology transfers and
other economic issues.
Amid this backdrop, expect a muted open for our stock markets. That brings us to our call of
the day which suggests, extreme turbulence likely to grip Dalal Street in today's trade and with
interweek perspective, market's mood will swing depending on outcome of following catalysts:
1. Liquidity concerns. Market participants are sensing that large volume of commercial
papers are maturing by November 14. The street will anxiously watch for fresh distress
signs in this space.
2. Q2 results of corporate India.
3. The upcoming assembly elections in five states- Madhya Pradesh, Rajasthan,
Chhattisgarh, Mizoram and Telangana.
4. Trend in Oil prices on backdrop of US sanctions on Iran. The US sanctions on Iranian oil
take effect in a week’s time.
5. Global trade war tiff. September Auto sales: The street will spy with one big eye on the
auto firms declaring their sales data for September. The street will hope for some revival
ahead of crucial festive season as well.
Outlook for Monday: Volatile session likely.
The need of the hour for the bulls camp is any sort of resolution of the trade standoff between
the U.S and China. The bulls camp must be also pinning hopes on extreme oversold conditions
as that could act as key catalyst providing impetus to move higher. From perma-bulls
perspective, Nifty needs to hang onto the psychological 10,000 for both price and momentum to
stay intact.
The big question: Will Nifty snap its recent rout?
Well, the bulls will try their level best to hunt for positive session, amid oversold conditions in
short term charts; but honestly speaking, for the day, Dalal Street’s fortunes rides on global
cues.
STOCKS TO WATCH:
• Our chart of the day suggests establishing long positions in stocks like BANK OF INDIA,
MC DOWELL and VEDANTA with interweek perspective.
10030 -0.94%
24421 -1.60%
8578 -0.03%
28013 -1.41%
2835 -0.59%
13799 -1.93%
2359 -0.34%
4444 -0.40%
3284 -0.69%
9115 -0.30%
205 -0.29%
5748 -0.63%
33349 -1.01%
10115 0.66%
Buy on dips.
Neutral (10071-10221)
Neutral (9750-10811)
Neutral (11501)
9951 & 9751
10271 & 10487
10775
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Technical Strategy
‘30,000 feet view’: The big picture of Dalal Street
• Bullish stocks: BAJAJ FINSERV, SRF, DABUR, HAVELLS, REC.
• Bearish stocks: SBI, STRIDES SHASHUN, TORRENT POWER, YES BANK, BAJAJ AUTO,
DR REDDYS LAB, ADANI PORTS, RCOM.
• Show Me the Money: Buy Bajaj Finserv (5399): Oversold conditions prevail. Positive
bias as long as 5149 support is held. Interweek Strategy: Buy between 5324-5345 zone,
targeting 5601 and then at 5799-5819 zone with stop below 5121.
• Nestle India Q3: Profit jumps 30% to Rs 446.1 crore versus Rs 343.2 crore; revenue rises
16.9 % to Rs 2,939.4 crore versus Rs 2,514.1 crore YoY.
• Hindalco Industries: Company stopped mining operation at Durgumanwadi Mine since
March 17, 2018. Stopping of mining operation has no material impact on operations or
financial performance of the company.
• Stocks banned in F&O segment for today: ADANI POWER.
• This week, the event calendar is rather blank and thus focus again shifts to Q2 earning.
The prominent firms announcing Q2 are:
• Monday: BPCL, CENTURY TEXTILE, CHAMBAL FERTILISER, CHENNAI PETRO, DCM
SHRIRAM, GRUH FINANCE, HDFC AMC, JUST DIAL, LIC HOUSING FINANCE,
MAITHANI ALLOYS, NILKAMAL, SPARC, SUNDRAM FASTNER, TATA POWER, UNION
BANK OF INDIA, WONDRELLA HOLIDAYS.
• Tuesday: 3M INDIA, ABB, ACCLEYA, BANK OF BARODA, BASF, CHOLAMANDALAM
FINANCE, DALMIA BHARAT, DENA BANK, IDFC, IRB, JK TYRE, NAUKRI, NAVIN
FLUORO, NOCIL, PIDILITE, RAMCO CEMENTS, TATA GLOBAL, TECH MAHINDRA,
• Wednesday: ADANI ENTERPRISES, ADANI POWER, AJANTA PHARMA, CANARA
BANK, CASTROL, DABUR, ESCORTS, LUPIN, LT, HERIGE FOODS, STRIDES
ARCOLAB, TATA MOTORS, TATA MOTORS DVR, TINPLATE, VEDANTA.
• Thursday: AARTI INDUSTRIES, ARVIND, AUROBINDO LAB, BERGER PAINTS, CERA
CERAMIC, DLF, ECLERX, GNFC, GODREJ PROPERTIES, GREAVES COTTON, HCC,
HDFC, HIKAL, HPCL, MARICO, MOREPAN LAB, SRF, SUNDRAM FINANCE, TATA
COMMUNICATION, TRENT, VESUVIUS.
• Friday: AXIS BANK, BAJAJ HINDUSTAN, BATA INDIA, BHARAT FORGE, ENIL,
EQUITAS, GE SHIPPING, GILLETTE, GODREJ CONSUMER, GSFC, GUJ ALKALI,
HINDALCO, NTPC, OFSS, PFC, PNB, RELIANCE POWER, SAIL, TVS ELECTRONICS,
TV TODAY, VMART.
GLOBAL CUES:
• Wall Street ended sharply lower in Friday's trade. The negative catalysts for the slump in
stock prices were:
1. Overbought conditions.
2. Rising interest rates
3. Persistent worries about slowing global growth
4. Doubts about whether equities can count on support from corporate earnings.
These thoughts crop up because of recent disappointing results from a handful of
megacap companies.
FII/DII & OPTIONS DATA:
• As per Friday’s Provisional Data available on the NSE, FII’s sold shares worth
Rs. 1356.66 crores in the Indian Equity Market. DIIs on the other hand
bought shares worth Rs. 1875.89 crores in the Indian Equity market.
• As per option data, key resistance level for the October series for Nifty are at 10,500
strike price as maximum call open interest of 20.18 lakh contracts were seen at the
In Monday's trade, BANK NIFTY ended on a
negative note and was seen attempting a
breakdown from a lower consolidation zone on
the daily charts, down 1.60%.
Technically, the index is in consolidation mode at
lower levels and the momentum oscillators are
signaling a major breakdown. Any move below
24240 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 23605
zone. Medium term supports seen at 22677 zone.
We expect BANK NIFTY to underperform the
benchmark Nifty significantly from here on.
Establishing short positions between 25500-
24701 zone, as the index is likely to stage steep
decline towards 23605 and then aggressive
targets seen at 22677-22901 zone. Place stops
above 25505. Holding Period: 9 days.
BANK NIFTY
Action
Target
Support
Resistance
Holding Period
24421
Sell on strength
22677
23605/22677
24951/25501
9 Days.
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‘30,000 feet view’: The big picture of Dalal Street
10,500 strike price. Key support level for the October series is at 10,000 as Maximum Put open interest of 34.03 lakh contracts was seen at the
10,000 strike price.
COMMODITY CUES:
• Oil prices finished higher on Friday amidst worries about global supply levels and the recent conflicting comments from Saudi Arabia’s energy
minister.
• Gold prices were seen trading with positive bias in Friday's trade. Key medium term support seen at 31201 mark. Interweek strategy: Establish long
positions between 31501-31601 zone, targeting 32451 mark and then aggressive targets at 32851-32901 with stop at 31101..
• Copper prices were seen trading rangebound in Friday's trade with slight negative bias. Interweek strategy: Establish long positions only above 457,
targeting 465 mark and then at 479 with stop at 433.
MACRO WATCH:
• The Nikkei Manufacturing Purchasing Managers' Index (PMI) for October will be released on Thursday, November 1, and the fiscal deficit data for
September is due on Wednesday, October 31.
• 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 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 Federal Reserve remains on its gradual rate-hike path.
CURRENCIES & BONDS:
• The rupee on Friday closed at Rs. 73.46 to a US dollar, weakening by 14 paise from its previous week's close of 73.32. Intermonth strategy: Buy
between 72-72.50 zone, targeting 75 and then aggressive targets at 77 with strict stop below 71.45.
What Technical Tells Us on Nifty:
On the heels of a broad based sell-off in Asia and on backdrop of nervousness at Wall Street, the benchmark Nifty traded with negative bias in Friday's trade,
down 0.94%. The Nifty settled at its lowest level in over seven months.
The market breadth, indicating the overall health of the market, was weak. The BSE Mid-Cap index fell 0.11%. The BSE Small-Cap index slipped 0.04%.
Weighing on sentiments were the continuing uncertainty over global trade and the Middle Eastern situation. Unsettling investors were also the Federal
Reserve’s rate-hike path.
Technically speaking, key support for the day on Nifty is at 9,951 mark. The technical landscape will worsen further if Nifty closes below the 9,951
mark as that would open the door to massive technical selling, possibly quickly towards the 9750-9801 zone.
The intraday bias is negative and selling on any excessive
intraday strength should be the preferred strategy.
The make or break hurdles are at 10,775 mark. Intraday
hurdles at 10,321 mark.
The price action for Nifty is suggesting that we are likely to see an
9950 -10,511 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 (10030): Sell on any excessive
strength between 10151-10201 zone, targeting 9951 zone and
then aggressive targets at 9750-9801 zone with stop at 10321.
Preferred trade on Bank Nifty: Nifty (24421): Sell between
24651-24751 zone, targeting 23601 zone and then aggressive
targets at 22677 zone with stop at 25651.
Daily Chart of Nifty:
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Comfort stock of the day
Stock Of The Day: (F & O)
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.
Stock Of The Day: (F & O)
R2STOCKS LTP S1 S2 R1 TRADING STRATEGYBIAS
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Stock Of The Day: (F & O)
Oversold conditions prevail. Positive bias as long as 5149 support is held. Interweek Strategy: Buy between 5324-5345 zone, targeting 5601 and then at 5799-5819 zone with stop below 5121.
HAVELLS is consolidating at lower levels on daily charts. Key intraday support seen at 591. Strength seen above 610. Interweek Strategy: Buy ABOVE 610 zone, targeting 645-651 zone. Stop below 591.
The sequence of lower high low is intact on daily, Weekly and Monthly charts. Momentum oscillators signaling weakness. Interweek strategy: Establish short positions between 76-77 zone, targeting 72.50 zone and then aggressive targets at 67.50-69 zone with stop at 78.45.
The interweek risk is on the downside with immediate targets at 499 zone. Momentum oscillators signaling weakness. Interweek Strategy: Sell between 521-525 zone, targeting 499 and then at 481-483 zone with stop above 543.
Momentum oscillators in sell mode. Key hurdles at 212. Interweek Strategy: Sell between 205-207.50 zone, targeting 199 zone and then at 189-191 zone with stop above 213.45.
Bank Of India is our preferred bet on sell side. The stock can slip towards 67.50 mark in near term.
BAJAJ FINSERVE
HAVELLS
BANK OF INDIA
MCDOWELL
VEDANTA
5399 5261 5149 5601 5819 Positive
602.85 591 579 610 645 Positive
74.9 72.5 67.5 78.05 81 Negative
518.05 499 481 541 555 Negative
203.65 199 189 212 219 Negative
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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:
In Friday's trade, Dalal Street witnessed another negative session as the benchmark
Nifty tumbled towards its psychological 10000 mark. This also marked an overall fall
of 2.81% for the entire week. All sectors were down for the entire week as well.
Amongst Broader Indices, the BSE Midcap Index was down 0.11%. The BSE
Smallcap Index was down 0.04%. Both the Indices outperformed the Sensex.
Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE Consumer
Durables Index (up 0.14%), BSE Auto Index (up 0.06%).
Amongst the sectoral indices, underperforming the Sensex/Nifty were BSE IT Index
(down 2.05%), BSE Bankex Index (down 1.97%), BSE Teck Index (down 1.85%).
Amongst stock specific action, positive bias was seen in stocks like UPL (up 3.43%),
TITAN (up 2.05%), BAJAJ AUTO (up 1.67%)
Among stocks drifting down were: YES BANK (down 8.65%), JSW STEEL (down
5.35%), AXIS BANK (down 4.51%)
Maximum Call Open Interest (OI) stands at 11000 Strike Price, followed by 10500
Strike Price for November Series. Call writing continued at strike prices 10100-
10800 for November series.
Maximum Put Open Interest (OI) was seen at strike price 10000 followed by 9500
strike price for November series. Short covering in Puts was seen at strike prices
9800-10300 alongwith fresh longs established at 9500 strike price for November
series.
As per Friday’s Provisional Data available on the NSE, FII’s sold shares worth Rs.
1356.66 crores in the Indian Equity Market. DIIs on the other hand bought shares
worth Rs. 1875.89 crores in the Indian Equity market.
Highest OI Nifty: Calls 11000: 23.86 L - Puts 10000: 34.04
Highest OI Bank Nifty: Calls 26500: 3.52 L - Puts 26500: 6.41 L
Change in Stock Open Interest (OI) in previous day’s trade.
Long Buildup: BEL, PETRONET, SRF, STAR, HAVELLS.
Short Buildup: EQUITAS, YES BANK, GRASIM, RELCAP, TCS.
Short Covering: RELIANCE, TITAN, KAJARIA, PEL, BAJAJ AUTO.
Long Unwinding: NTPC, DABUR, BATA, SRTFIN.
Stocks banned in F&O segment for today: ADANI POWER.
New In Ban: NIL.
Out of Ban: NIL.
Future Call: SELL VOLTAS NOVEMBER FUTURES at CMP 496.20.
Targets at 484 and then at 472. Stop: 511. Holding Period:
Intraday. Analyst’s Remark: Weakening Momentum (Voltas
November Futures CMP 496.20).
Option Call: SELL TITAN NOVEMBER CE strike price 840 at CMP
25.15. Maximum Profit: Rs. 18,862.50. Loss: Unlimited. Stop: Exit
Call option if Titan moves above 826. (Titan November Futures CMP
809.85).
10030.00 (-0.94%)
24421.05 (-1.60%)
18.2325 (+1.42%)
+14 vs +66
2.21 crores (+3.56%)
22.14 lakhs (+3.56%)
3048.61 2529.7
31842.73 40814.37
507174 1872795
423030 26598
1059366 54055
6989007 396205
551517 30316
9022920 507174
Calls in lakhs (% Change)
10500 20.18 (+18%)
10400 11.57 (+32%)
10200 10.68 (+14%)
Puts in lakhs (% Change)
10000 34.04 (+11%)
10100 11.3 (+29%)
9500 26.48 (+26%)
Monday29th October, 2018
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DAILY PIVOT TABLE
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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.
Monday29th October, 2018
NIFTY 10030 9980.08 9930.17 10104.38 10178.77 10054.47 10770.93 DOWN
BANKNIFTY 24421.05 24258.79 24096.52 24677.63 24934.22 24515.37 26071.14 DOWN
NIFTYMID50 4444.4 4382.6 4320.8 4508.5 4572.6 4446.7 5068.42 DOWN
ACC 1349.65 1338.57 1327.48 1365.37 1381.08 1354.28 1522.46 DOWN
ADANIENT 166.75 163.12 159.48 172.57 178.38 168.93 131.04 UP
ADANIPORTS 304.1 300.18 296.27 309.28 314.47 305.37 380.88 DOWN
AJANTPHARM 977.35 962.05 946.75 1002.6 1027.85 987.3 1209.01 DOWN
ALBK 37.05 36.4 35.75 37.6 38.15 36.95 47.29 DOWN
AMARAJABAT 768.95 755.87 742.78 779.77 790.58 766.68 804.48 DOWN
ANDHRABANK 25.55 25.38 25.22 25.83 26.12 25.67 37.99 DOWN
APOLLOTYRE 207.55 200.82 194.08 213.87 220.18 207.13 263.42 DOWN
ARVIND 321.3 315.47 309.63 329.32 337.33 323.48 398.19 DOWN
ASHOKLEY 113.15 111.28 109.42 114.83 116.52 112.97 134.05 DOWN
ASIANPAINT 1190.3 1171.77 1153.23 1205.42 1220.53 1186.88 1247.84 DOWN
AUROPHARMA 719.8 709.57 699.33 728.97 738.13 718.73 635.81 UP
AXISBANK 537.7 526.83 515.97 556.28 574.87 545.42 556.67 DOWN
BAJAJ-AUTO 2513.75 2462.43 2411.12 2549.33 2584.92 2498.02 2873.05 DOWN
BAJAJFINSV 5399.2 5293.47 5187.73 5469.47 5539.73 5363.73 5761.15 DOWN
BAJFINANCE 2338.9 2286 2233.1 2384.3 2429.7 2331.4 2133.5 UP
BALKRISIND 1034.2 1006.32 978.43 1062.32 1090.43 1034.43 1154.52 DOWN
BALRAMCHIN 100.35 97.93 95.52 102.18 104.02 99.77 84.61 UP
BANKBARODA 98.85 97.27 95.68 101.02 103.18 99.43 136.63 DOWN
BANKINDIA 74.55 73.58 72.62 75.73 76.92 74.77 105.14 DOWN
BATAINDIA 908.95 898.17 887.38 925.87 942.78 915.08 827.47 UP
BEL 88.25 82.87 77.48 92.32 96.38 86.93 125.08 DOWN
BEML 528.65 518.68 508.72 541.18 553.72 531.22 984.16 DOWN
BERGEPAINT 282.5 277.87 273.23 289.77 297.03 285.13 281.23 UP
BHARATFIN 878.5 865.25 852 900.7 922.9 887.45 1107.56 DOWN
BHARATFORG 553.35 543.47 533.58 561.57 569.78 551.68 676.54 DOWN
BHARTIARTL 297.95 287.97 277.98 306.97 315.98 296.98 388.67 DOWN
BHEL 67.5 66.15 64.8 69.95 72.4 68.6 81.56 DOWN
BIOCON 604.05 587.9 571.75 632.3 660.55 616.15 614.79 DOWN
BPCL 275.2 267.63 260.07 281.63 288.07 274.07 400.32 DOWN
BRITANNIA 5320.5 5255.47 5190.43 5387.27 5454.03 5322.23 5587.12 DOWN
CANBK 212.55 209.27 205.98 215.82 219.08 212.53 272.1 DOWN
CANFINHOME 255.2 246.4 237.6 263.6 272 254.8 386.43 DOWN
CAPF 450.45 441.38 432.32 462.13 473.82 453.07 603.84 DOWN
CASTROLIND 145.25 142 138.75 148.75 152.25 145.5 175.34 DOWN
CEATLTD 1106.05 1022.07 938.08 1153.82 1201.58 1069.83 1450.01 DOWN
CENTURYTEX 771.2 752.92 734.63 789.02 806.83 770.73 1048.28 DOWN
CESC 848.15 828.37 808.58 870.97 893.78 851.18 980.31 DOWN
CGPOWER 34.95 34.3 33.65 35.9 36.85 35.25 68.7 DOWN
CHENNPETRO 257.2 251.53 245.87 262.43 267.67 256.77 322.05 DOWN
CHOLAFIN 1205.75 1157.57 1109.38 1245.22 1284.68 1197.03 1439.98 DOWN
CIPLA 603.7 597.45 591.2 611.15 618.6 604.9 604.2 DOWN
COALINDIA 281.1 276.7 272.3 284.6 288.1 280.2 282.09 DOWN
COLPAL 1106.65 1093.1 1079.55 1119.1 1131.55 1105.55 1125.53 DOWN
CUMMINSIND 671.8 656.47 641.13 687.72 703.63 672.38 743.09 DOWN
DABUR 398.25 393.17 388.08 404.17 410.08 399.08 381.94 UP
DALMIABHA 2125.95 2082 2038.05 2157.45 2188.95 2113.5 2653.39 DOWN
DCBBANK 155.2 152 148.8 159.65 164.1 156.45 172.81 DOWN
DHFL 184.1 175.63 167.17 193.93 203.77 185.47 555.77 DOWN
DISHTV 40.9 37.82 34.73 42.92 44.93 39.83 69.87 DOWN
DIVISLAB 1255.8 1235.57 1215.33 1277.22 1298.63 1256.98 1141.58 UP
DLF 153.85 150.8 147.75 156.45 159.05 153.4 206.02 DOWN
DRREDDY 2404.55 2365.07 2325.58 2447.02 2489.48 2407.53 2253.44 UP
EICHERMOT 21806.4 21574.27 21342.13 22169.27 22532.13 21937.13 28066.69 DOWN
ENGINERSIN 112.7 110 107.3 114.65 116.6 111.95 144.14 DOWN
EQUITAS 99.05 79.45 59.85 117.05 135.05 97.45 145.65 DOWN
ESCORTS 569.7 554.13 538.57 583.13 596.57 567.57 844.51 DOWN
EXIDEIND 251.75 249.2 246.65 255.35 258.95 252.8 248.45 UP
FEDERALBNK 79.45 78.48 77.52 80.93 82.42 79.97 88.47 DOWN
FORTIS 129.25 128.03 126.82 130.53 131.82 129.32 144.09 DOWN
GAIL 341.35 338.73 336.12 344.63 347.92 342.02 349.98 DOWN
GLENMARK 593.45 578.83 564.22 613.53 633.62 598.92 581.72 UP
GMRINFRA 15.5 15.17 14.83 15.82 16.13 15.48 18.36 DOWN
GODREJCP 713.85 693.08 672.32 725.53 737.22 704.77 797.62 DOWN
GODREJIND 460.35 444.2 428.05 469.25 478.15 453.1 577.27 DOWN
GRANULES 92.3 89.07 85.83 94.67 97.03 91.43 104.67 DOWN
GSFC 94.4 91.83 89.27 96.13 97.87 93.57 119.56 DOWN
HAVELLS 602.85 591 579.15 612.35 621.85 600.5 569.58 UP
HCC 11.85 11.57 11.28 12.12 12.38 11.83 20.71 DOWN
HCLTECH 966.6 952.42 938.23 990.37 1014.13 976.18 974.49 DOWN
HDFC 1702.1 1678.45 1654.8 1722.8 1743.5 1699.15 1856.8 DOWN
HDFCBANK 1961.2 1947.73 1934.27 1975.93 1990.67 1962.47 1994.89 DOWN
HDIL 18.75 18.43 18.12 19.13 19.52 18.82 33.99 DOWN
HEROMOTOCO 2705.35 2665.9 2626.45 2750.9 2796.45 2711.45 3445.06 DOWN
HEXAWARE 321.2 313.27 305.33 331.87 342.53 323.93 416.45 DOWN
HINDALCO 221.25 214.47 207.68 225.97 230.68 219.18 233.76 DOWN
HINDPETRO 225.3 219.68 214.07 229.33 233.37 223.72 309.98 DOWN
HINDUNILVR 1558.25 1545.63 1533.02 1575.18 1592.12 1562.57 1526.08 UP
HINDZINC 277.6 274.83 272.07 281.03 284.47 278.27 297.37 DOWN
IBREALEST 70 68.9 67.8 72.2 74.4 71.1 173.08 DOWN
IBULHSGFIN 683.9 645.35 606.8 722.35 760.8 683.8 1201.46 DOWN
ICICIBANK 315.65 311.3 306.95 321.7 327.75 317.35 305.08 UP
ICICIPRULI 325.5 317.25 309 331.4 337.3 323.15 390.89 DOWN
ICIL 65.15 64.17 63.18 66.77 68.38 65.78 85.37 DOWN
IDBI 59.45 58.48 57.52 60.08 60.72 59.12 62.98 DOWN
IDEA 36.95 36.35 35.75 37.55 38.15 36.95 64.52 DOWN
IDFC 35.35 34.53 33.72 35.88 36.42 35.07 50.05 DOWN
IDFCBANK 33.35 32.82 32.28 34.07 34.78 33.53 45.58 DOWN
IFCI 12.6 12.33 12.07 12.83 13.07 12.57 19.02 DOWN
IGL 250.45 246.77 243.08 255.42 260.38 251.73 280.04 DOWN
INDIACEM 81.7 80.05 78.4 83.25 84.8 81.6 131.96 DOWN
INDIANB 222.3 215.93 209.57 226.73 231.17 220.37 320.67 DOWN
INDIGO 870.1 855.55 841 889.1 908.1 874.55 1140.53 DOWN
INDUSINDBK 1445.8 1423.27 1400.73 1483.17 1520.53 1460.63 1817.29 DOWN
INFIBEAM 29.95 28.45 26.95 31.5 33.05 30 158.89 DOWN
INFRATEL 265 261.75 258.5 268.35 271.7 265.1 309.97 DOWN
INFY 633.6 626.1 618.6 644.9 656.2 637.4 627.98 UP
IOC 137.65 135.2 132.75 140 142.35 137.55 168.23 DOWN
IRB 122.2 118.67 115.13 124.47 126.73 120.93 212.17 DOWN
ITC 280.9 274.67 268.43 288.47 296.03 282.23 278.73 UP
JETAIRWAYS 217.1 211.72 206.33 225.87 234.63 220.48 475.73 DOWN
JINDALSTEL 161.1 157.18 153.27 164.83 168.57 160.92 228.34 DOWN
JISLJALEQS 67.8 65.07 62.33 69.57 71.33 66.83 98.91 DOWN
JPASSOCIAT 5.85 5.68 5.52 6.08 6.32 5.92 15.64 DOWN
JSWENERGY 64 62.57 61.13 65.07 66.13 63.63 73.89 DOWN
JSWSTEEL 337.45 328.35 319.25 351.25 365.05 342.15 327.57 UP
JUBLFOOD 1055.55 994.53 933.52 1099.03 1142.52 1038.02 1242.44 DOWN
JUSTDIAL 436.85 419.9 402.95 454.9 472.95 437.95 508.41 DOWN
KOTAKBANK 1158.6 1142.93 1127.27 1183.63 1208.67 1167.97 1196.21 DOWN
KPIT 218.8 210.6 202.4 223.5 228.2 215.3 249.8 DOWN
KSCL 461 448.72 436.43 476.92 492.83 464.63 538.13 DOWN
KTKBANK 96.1 94.4 92.7 97.55 99 95.85 121.03 DOWN
L&TFH 117.9 115.75 113.6 120 122.1 117.85 162.36 DOWN
LICHSGFIN 405.5 401.07 396.63 408.97 412.43 404.53 507.66 DOWN
LT 1197.45 1188.17 1178.88 1209.87 1222.28 1200.58 1318.54 DOWN
LUPIN 855.15 841.67 828.18 865.57 875.98 852.08 841.82 UP
M&M 728.2 720 711.8 739.1 750 730.9 839.12 DOWN
M&MFIN 389.95 373.15 356.35 406.25 422.55 389.45 462.94 DOWN
MANAPPURAM 72.95 71.42 69.88 74.17 75.38 72.63 104.24 DOWN
MARICO 300.35 296.83 293.32 303.03 305.72 299.52 328.56 DOWN
MARUTI 6717.3 6546.53 6375.77 6841.53 6965.77 6670.77 8789.86 DOWN
MCDOWELL-N 518.05 509.17 500.28 532.87 547.68 523.98 632.76 DOWN
MCX 724.4 685.27 646.13 755.77 787.13 716.63 785.04 DOWN
MGL 814.6 803.08 791.57 825.08 835.57 813.57 905.79 DOWN
MOTHERSUMI 225.95 222.32 218.68 231.67 237.38 228.03 314.26 DOWN
MRF 63056.15 61340.93 59625.71 64096.43 65136.71 62381.21 72558.71 DOWN
MRPL 81.35 79.43 77.52 83.33 85.32 81.42 97.76 DOWN
MUTHOOTFIN 398.75 390.45 382.15 403.6 408.45 395.3 411.36 DOWN
NATIONALUM 67.5 65.58 63.67 68.63 69.77 66.72 70.23 DOWN
NBCC 51.75 50.25 48.75 53.8 55.85 52.3 87.08 DOWN
NCC 66.85 64.3 61.75 68.35 69.85 65.8 107.59 DOWN
NMDC 106.3 103.77 101.23 109.12 111.93 106.58 118.69 DOWN
NTPC 159.3 155.98 152.67 161.43 163.57 158.12 165.06 DOWN
OIL 200.15 195.4 190.65 203.45 206.75 198.7 220.89 DOWN
ONGC 151.8 148.7 145.6 155.85 159.9 152.75 175.75 DOWN
ORIENTBANK 65.95 64.03 62.12 67.33 68.72 65.42 86.9 DOWN
PCJEWELLER 49.35 46.55 43.75 52.45 55.55 49.65 217.52 DOWN
PEL 1924.35 1833.93 1743.52 1975.73 2027.12 1885.32 2578.93 DOWN
PETRONET 217.9 212.27 206.63 221.17 224.43 215.53 228.58 DOWN
PFC 84.25 82.07 79.88 85.72 87.18 83.53 88.63 DOWN
PIDILITIND 936.3 922.57 908.83 945.52 954.73 931.78 1021.24 DOWN
PNB 66.15 65.18 64.22 67.18 68.22 66.22 97.61 DOWN
POWERGRID 188.4 187.13 185.87 190.33 192.27 189.07 195.19 DOWN
PTC 75.75 74.17 72.58 76.82 77.88 75.23 87.74 DOWN
PVR 1295.1 1251.4 1207.7 1329.4 1363.7 1285.7 1330.21 DOWN
RAMCOCEM 561.3 552.13 542.97 574.33 587.37 565.17 723.65 DOWN
RAYMOND 692.2 641.63 591.07 722.63 753.07 672.07 914.88 DOWN
RBLBANK 498.9 487.7 476.5 508.7 518.5 497.5 528.8 DOWN
RCOM 10 9.73 9.47 10.33 10.67 10.07 19.03 DOWN
RECLTD 107 104.6 102.2 108.5 110 106.1 121.56 DOWN
RELCAPITAL 224.2 219.2 214.2 231.6 239 226.6 416.72 DOWN
RELIANCE 1044.9 1025.6 1006.3 1060.6 1076.3 1041.3 1027.53 UP
RELINFRA 331.7 325.62 319.53 339.77 347.83 333.68 424.76 DOWN
REPCOHOME 331.3 316.72 302.13 344.82 358.33 330.23 563.48 DOWN
RPOWER 27.4 26.87 26.33 27.97 28.53 27.43 36.81 DOWN
SAIL 63.2 62 60.8 64.2 65.2 63 78.43 DOWN
SBIN 248.1 246.17 244.23 251.27 254.43 249.33 272.53 DOWN
SHREECEM 13568.85 13373.18 13177.52 13802.98 14037.12 13607.32 16843.01 DOWN
SIEMENS 865.75 853.77 841.78 884.02 902.28 872.03 1064.27 DOWN
SOUTHBANK 13.3 13.03 12.77 13.58 13.87 13.32 22.75 DOWN
SREINFRA 28.4 27.22 26.03 29.62 30.83 28.43 68.77 DOWN
SRF 1791.55 1738.4 1685.25 1822.35 1853.15 1769.2 1898.39 DOWN
SRTRANSFIN 1071.75 1037.2 1002.65 1110.1 1148.45 1075.55 1360.63 DOWN
STAR 399.6 390.85 382.1 407.65 415.7 398.9 540.13 DOWN
SUNPHARMA 554.05 548.87 543.68 560.37 566.68 555.18 558.29 DOWN
SUNTV 620.1 602.58 585.07 636.53 652.97 619.02 845.61 DOWN
SUZLON 6.05 5.85 5.65 6.2 6.35 6 9.63 DOWN
SYNDIBANK 31.2 30.67 30.13 31.72 32.23 31.18 50.1 DOWN
TATACHEM 671 657.33 643.67 679.83 688.67 666.17 712.18 DOWN
TATACOMM 446.45 435.1 423.75 458.4 470.35 447.05 591.8 DOWN
TATAELXSI 967.1 935.3 903.5 987.45 1007.8 955.65 1184.22 DOWN
TATAGLOBAL 217.6 214.57 211.53 221.82 226.03 218.78 261.5 DOWN
TATAMOTORS 168.5 165.33 162.17 172.23 175.97 169.07 305.83 DOWN
TATAMTRDVR 91.2 89.92 88.63 93.42 95.63 92.13 172.91 DOWN
TATAPOWER 68.9 67.68 66.47 70.43 71.97 69.22 78.84 DOWN
TATASTEEL 551.55 541.23 530.92 561.73 571.92 551.42 603.58 DOWN
TCS 1799.1 1775.5 1751.9 1838.3 1877.5 1814.7 1761.15 UP
TECHM 653.3 643.5 633.7 660 666.7 650.2 661.35 DOWN
TITAN 806.9 789.03 771.17 822.38 837.87 804.52 878.02 DOWN
TV18BRDCST 36.95 36.2 35.45 37.85 38.75 37.1 53.67 DOWN
TVSMOTOR 525.45 516.77 508.08 531.67 537.88 522.98 605.91 DOWN
UBL 1114.75 1089.65 1064.55 1156.2 1197.65 1131.1 1160.55 DOWN
UJJIVAN 181 165.67 150.33 197.17 213.33 181.83 360.54 DOWN
ULTRACEMCO 3386.7 3319.33 3251.97 3426.73 3466.77 3359.37 4025.46 DOWN
UNIONBANK 62.15 60.93 59.72 63.68 65.22 62.47 94.07 DOWN
VEDL 203.65 199.28 194.92 207.73 211.82 203.37 264.66 DOWN
VGUARD 174.85 171.4 167.95 177.9 180.95 174.45 215.31 DOWN
VOLTAS 506.95 497 487.05 523.45 539.95 513.5 582.24 DOWN
WIPRO 320.6 316.9 313.2 323.4 326.2 319.7 290.6 UP
WOCKPHARMA 446.3 434.6 422.9 460.85 475.4 449.15 696.62 DOWN
YESBANK 180.7 168.98 157.27 192.03 203.37 180.32 325.58 DOWN
ZEEL 421.7 414 406.3 431.25 440.8 423.55 542.08 DOWN
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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
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MCX GOLD
MCX SILVER
MCX CRUDE OIL
MCX COPPER
MCX NATURAL GAS
USD-INR
Forecast and Analysis …Direction at a glance
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Gold price traded rangebound in Friday's trade. Key medium term suppport seen at 31201 mark. Interweek strategy: Establish long positions between 31751-31801 zone, targeting 32451 mark and then aggressive targets at 32851-32901 with stop at 31501.
Silver prices traded listless in Friday's trade. Interweek strategy: Establish long positions between 38455-38501 zone, targeting 39651 mark and then aggressive targets at 39901-40000 zone with stop at 38251.
Crude-oil prices inched up in Friday's trade. Confirmation of strength only above 5051. Interweek strategy: Establish long positions at CMP, targeting 5051 zone and then aggressive targets at 5369 with stop at 4721.
Copper prices were seen trading rangebound in Friday's trade with slight negative bias. Interweek strategy: Establish long positions only above 457, targeting 465 mark and then at 479 with stop at 433.
Natural Gas prices itraded subdued in Friday's trading action amidst profit booking. Interweek strategy: Establish long positions only on any sharp declines between 221-225 zone, targeting 241 and then aggressive targets at 249-251 zone with stop at 213.
Key support now at 71.75. Intermonth strategy: Buy between 72-72.50 zone, targeting 75 and then aggressive targets at 77 with strict stop below 71.45.
31932 31501 31201 32451 32901 Neutral
38729 38455 37201 39650 40001 Neutral
7953 4775 4501 5051 5389 Positive
445 443 425 457 479 Neutral
232.50 227.45 215.00 245.00 251.00 Positive
73.46 71.75 70.00 75.00 77.00 Positive
Crude-Oil prices end higher on Friday amidst worries about global supply levels and conflicting comments from Saudi Arabia’s energy minister.
Instrument TRADING STRATEGYLTP S1 S2 R1 R2
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GOLD $
SILVER ($)
WTI CRUDE OIL ($ )
EUR/USD
Forecast and Analysis …Sailing global trend
Bias
DOW JONES
US Dollar Index
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Wall Street finishes lower in Friday's trade as S&P 500, Dow turn negative for 2018.
Gold prices were seen trading with positive bias 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 with positive bias in Thursday's trade tracking gains in yellow metal. Hurdles now seen at 15.45. Confirmation of major strength only above 15.45.
Crude-oil prices witnessed value buying in Fridayy's trade. Inerweek strategy: Establish long positions at CMP, targeting 70.50 zone and then 72.50-75 zone with stop at 62.50.
We have a negative bias on EUR/USD. Major weakness seen only below 1.1351. 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 lower on Friday with the S&P 500 and the Dow Jones turning red for the year. In last week's trade, the Dow was down 3%, the S&P 500 3.9% and the Nasdaq was down 3.8% while for the month of October so far, the S&P has lost 8.8%, the Dow is down 6.7%, and the Nasdaq has shed 11%. Dow faces major hurdles at 27200.
1235 1207 1189 1245 1261 Neutral
14.67 14.21 13.75 15.45 16.09 Neutral
67.62 65 62.5 70.5 75 Neutral
1.1404 1.1351 1.1100 1.1745 1.1900 Negative
96.32 94.45 92.50 97.50 99.00 Positive
24688 24445 23751 26001 27200 Neutral
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DAILY PIVOT TABLE
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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
145.25 144 142.75 146.1 146.95 145.93 149.35 DOWN
1422.5 1422 1421.5 1423 1423.5 1120.26 1406.75 DOWN
5486 5451.33 5416.67 5529.33 5572.67 4323.41 5304 UP
3952 3928.33 3904.67 3987.33 4022.67 3831.7 4132 UP
444.7 441.73 438.77 446.58 448.47 445.78 460.95 DOWN
23140 23073.33 23006.67 23233.33 23326.67 21663.35 22630 DOWN
4951 4886 4821 4998 5045 4597.71 5198 UP
31937 31821 31705 32133 32329 30614.58 31568 DOWN
10315 10213.33 10111.67 10463.33 10611.67 8954.04 9760 UP
4713.5 4678.5 4643.5 4765 4816.5 4164.85 4522 UP
19570 19400 19230 19770 19970 17484.67 19475 UP
145.3 144.68 144.07 146.13 146.97 155.57 143.1 UP
1780.1 1770.17 1760.23 1795.77 1811.43 1471.78 1724.7 UP
233.7 229.43 225.17 236.13 238.57 195.91 227.2 UP
864.2 853.8 843.4 882.3 900.4 926.92 921.5 UP
4196 4170 4144 4226 4256 4039.52 4118 DOWN
38712 38520 38328 38955 39198 38757.55 38153 UP
3050 3050 3050 3050 3050 3614.83 3015 UP
3270 3242.67 3215.33 3306.67 3343.33 3511.6 3139 UP
198.45 196.25 194.05 199.7 200.95 200.9 192.1 UP
Monday29th October, 2018
Comfort Securities Ltd.
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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