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Welcome Note

Tuesday04th 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

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 Tuesday's trading action at Dalal Street, dated 4th

of September 2018.

Despite good set of GDP numbers, Dalal Street stepped back in yesterday's trading action.

Nervousness & panic prevailed, primarily on backdrop of:

1. Fresh Concerns over Sebi’s Foreign Fund rules.

2. Fear of trade-war increasing after the U.S. and Canada missed a deal deadline set

for Friday.

3. Uncertainty rose about escalating tariffs between the U.S. and China.

As per reports, the street was worried after a set of fund managers raised fresh concerns

over an April circular from the market regulator SEBI related to tighter rules on foreign

funds ownership by entities of Indian origin. The market suspects that this could lead to

massive dollar outflows from the economy.

The Securities and Exchange Board of India (SEBI) in a circular on know-your-customer

(KYC) norms said a company majority owned by non-resident Indians (NRIs) or persons of

Indian origin (PIOs) will not be allowed to invest as a foreign portfolio investor in the

country. SEBI directed such funds to be closed or the ownership structure should be

changed by December 31, 2018.

Net-net, if yesterday's trading action at Dalal Street is any indication then the recent

strength at our bourses will be put to an even more rigorous stress test. We say so

because, the big investors camp will spy with one big eye on:

1. RBI policy stance.

2. Any acceleration in Fed rate hike.

3. Boiling oil prices.

4. Rising USD/INR.

The above negative catalysts are bound to temper some excitement and volatility likely to

be the hallmark as Nifty appears to take a breather from its record run.

Long story short: The longevity of the ongoing uptrend is now in question mark.

Our call of the day suggests to 'stay light' as there is a good chance that bulls will take off

in near term.

Consolidation is seen coming to Dalal Street. Technically, Nifty's make or break support

level seen at 11,501 mark. Nifty's major mark in the sand would be its all-time-high at

11,761 mark, which will act as stiff resistance.

STOCKS TO WATCH:

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

HDFC and HDFC BANK with interweek perspective.

• Bullish stocks: HDFC, HDFC BANK, INFIBEAM, VEDANTA.

• Bearish stocks: UBL, ARVIND MILLS, BEL, BIOCON, CG POWER, INDIA BULLS

HOUSING FINANCE, SRI RAM TRANSPORT FINANCE, CEAT, LIC HOUSING

FINANCE, EXIDE, REC, MRF, JUST DIAL, ESCORTS, MOTHERSON SUMI.

• Show Me the Money: Sell JUBILANT FOODS (CMP 1526.25): : Establish short

positions at CMP, and on early strength between 1545-1551 zone, targeting 1501

zone and then at 1475 mark and final aggressive targets at 1455-1461 zone with

strict stop at 1563.

• MTNL's plans to seek approval of shareholders for raising authorised share capital

from Rs 800 crore to Rs 10,000 crore and borrowing powers by almost 40 percent

11582 -0.84%

27820 -0.86%

10936 -0.67%

32110 -2.44%

3275 -0.43%

15725 -0.55%

2853 0.46%

4279 -0.80%

3657 0.36%

10360 -0.30%

273 -1.00%

7652 -0.22%

38313 -0.86%

11643 0.11%

Consolidation day likely.

Neutral (11541-11641)

Neutral (11300-11901)

Neutral (12001)

11501 & 11331

11621 & 11771

11321



Technical Strategy


will aid the state-owned corporation's 4G plans and provide it the firepower to

compete in the market, its chairman PK Purwar has said. This is being done with

anticipation of 4G spectrum allocations by the government. (PTI)

• 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: No stocks under ban period on

NSE.

Outlook for Tuesday: Nifty’s downside risk is at 11,501.

Nifty is likely to trade subdued in today's trade, but aggressive bulls need to have a

strategy in case the bears take the centre stage, else they are putting themselves at major

risk of capital.

Brace yourself for volatile sessions in near term as we are expecting crude-oil prices to rise

further amidst risk of disruption, especially from OPEC-countries like Venezuela, Iran,

Libya and Nigeria. Also, a trade war unlikely to curb China's appetite for US crude.

Higher crude oil prices will definitely keep the Indian Rupee under pressure.

We suspect, escalating trade tension between U.S-China could be the real villain rattling

our stock markets. The heightened tensions between U.S. -China could not only hamper

U.S. economic growth but derail the global economy at large.

Long story short: Trade on buy side with strict stop losses in place. Or rather sell

something.

FII/DII & OPTIONS DATA:

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

21.13 crores in the Indian Equity Market. DIIs too sold shares worth Rs. 542.12

crores in the Indian Equity market.

• On the option data front, key resistance level for the September series are at 11,800

strike price. While support for Nifty are seen at 11,000 strike price as maximum put

open interest seen at 11,600 strike price.

GLOBAL CUES:

• In Friday's session, Wall Street ended higher on Friday's trade, with the major

benchmarks posting strong weekly gains and a strong finish in August. For the

week, the Dow rose 0.7%, and the Nasdaq gained 2.1%. For August month, the

Dow added 2.2%, the S&P added 3%, and the Nasdaq climbed 5.7%.

Both the Dow and the S&P notched their third straight weekly advances, while the

Nasdaq booked its second straight positive week and its best August return since

2000.

COMMODITY CUES:

• Crude Oil prices ended slightly higher in Monday’s trade, despite concerns that the

U.S.-China trade dispute could lower demand, but that said prices were firm with

U.S. sanctions on Iranian oil expected to lead to tighter global crude supplies.

• Copper prices traded subdued in yesterday’s trade. MCX COPPER (423): Interweek

strategy: Establish long positions between 411-413 zone, targeting 427.50 and

then at 437 and finally at 441-447.50 zone with stop at 403.

• Gold prices ended higher on Friday, but it still suffered a fifth consecutive monthly

decline—the longest such streak of losses in more than five years. The bullish

takeaway is that gold prices have held the $1200 mark.

JUBILANT FOODS

Action

Target

Support

Resistance

Holding Period

1526.25

SELL

1501

1501/1455

1557/1579

9 days

In yesterday's trade, Jubilant foods ended on a

negative note and was seen attempting a major

breakdown from a higher consolidation zone on

the daily charts, down 1.49% on daily basis.

Technically, the stock is in consolidation mode at

higher levels and the momentum oscillators are

signaling overbought conditions.

Any move below 1501 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 1501 zone.

Medium term supports seen at 1455-1461 zone.

Interweek perspective: Establish short

positions at CMP, and on early strength between

1545-1551 zone, targeting 1501 zone and then

at 1475 mark and final aggressive targets at

1455-1461 zone with strict stop at 1563.




CURRIENCIES & BONDS:

• The U.S. dollar index inched higher in Friday's trade, just above the $95 mark amidst value buying.

• In Monday's trade, the Indian Rupee registered a fresh all-time closing low of 71.21 against the US dollar. Buying on dips should be preferred

strategy. Interweek strategy: Establish long position between 70.55-70.75 zone, targeting 71.75 and then aggressive targets at 72.50-73

with stop at 69.69.

MACRO WATCH:

• India reported on Friday a fiscal deficit of Rs 5.40 lakh crore for April-July, or 86.5% of the budgeted target for the current fiscal year

compared with 92.4% a year earlier.

• Net tax receipts in the first four months of 2018-2019 fiscal year that ends in March 2019 were Rs 2.93 lakh crore, government data showed.

What Technical Tells Us on Nifty: Nifty ended with modest losses in yesterday's trade and was seen settling with negative note. Interestingly,

the BSE Mid-Cap index fell 0.45%. The BSE Small-Cap index fell 0.17%. Both these indices outperformed the Sensex.

Technically speaking, the must watch support levels are placed at 11,501 & then at 11,319. 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.

The intraday bias is neutral amidst overbought technical conditions

For the day, we believe, Nifty will trade with slight negative bias with downside well supported at 11,501 mark. The make or break levels are at

11,501 mark. Hurdles continue to be at all-time-high at 11,761 mark and then major hurdles at 12,001 mark.

The price action for Nifty is suggesting that we are likely to see an 11,501-11,751 range in near term with neutral bias.

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

After yesterday's panic selling, we expect some more declines in Nifty. Key support seen at 11,501 mark on daily charts.

Preferred trade on Nifty: Nifty (11582): Buy on corrective declines to 11501-11511 zone, targeting 11621 and then at 11672-11701 zone with

stop at 11445.

Preferred trade on Bank Nifty: Bank Nifty (27819): Establish short positions between 28000-28100 zone, targeting 27701 zone and then at

27327-27401 zone with strict stop at 28551.

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


HDFC was seen outperforming benchmark indices in yesterday's trade. Key interweek support seen at 1901 zone. Interweek Strategy: Buy between 1927-1935 zone, targeting 1969 and then at 1985-1991 zone. Stop below 1917.

VEDL is signalling a major breakout from a higher consolidation zone on the daily charts. Intraday Strategy: Establish long positions between 222-225 zone, targeting 239 zone and then aggressive targets located at 251 mark. Stop below 221.05.

The interweek risk is on the downside with immediate targets at 1241 zone. Momentum oscillators signaling major weakness. Interweek Strategy: Sell between 1271-1275 zone, targeting 1241 and then at 1201-1209 zone with stop above 1307.

Momentum oscillators in sell mode. Key hurdles at 1275. Interweek Strategy: Sell on early strength between 1331-1345 zone, targeting 1291 zone and then at 1264-1275 zone with stop above 1275.

Overbought technical conditions prevail for UBL. Major weakness below 1362. Interweek Strategy: Selling on early strength between 1391-1399 zone, targeting 1362 and then at 1296-1305 zone. Stop above 1421.

VEDANTA: Establish long positions with interweek perspective. Confirmation of major strength above 239 mark.

HDFC

VEDANTA

INDIA BULLS HOUSING FINANCE

SRI RAM TRANSPORT FINANCE

UBL

1945 1923 1901 1969 1991 Positive

228.45 222 217.5 239 251 Positive

1260 1241 1201 1281 1307 Negative

1313.65 1291 1264 1345 1275 Negative

1381.4 1362 1296 1419 1441 Negative



EQUITY DERIVATIVESLooking into the future from present.

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

Nifty Spot

Bank Nifty Future

VIX

Premium

Nifty Future OI

Bank Nifty Spot OI

BSE Cash Vol. (Rs. in Cr)

NSE Cash Vol.(Rs. in Cr)

NSE Derivative Vol. (Rs. in Cr)

Index Future Volumes

Stock Future Volumes

Index Option Volumes

Stock Option Volumes

Total

Cash Volumes (INR in Cr.)

YesterdayDay Before Yesterday

Derivatives Vol.(INR in Cr.)

No of contracts

Turnover (Rs. In cr.)

Major Changes in Nifty Options (OI)

Market Summary: The benchmark Nifty fell sharply in yesterday's trade as sentiment was primarily affected by the

Indian rupee hitting a record low and on backdrop of rising crude oil prices. Technically, Nifty's major mark in the sand would be its all-time-high at 11,761 mark, which will

prove stiff resistance. The biggest support to watch is at 11,500 mark. The technical landscape warrants caution amidst overbought conditions, as also on fact that

Nifty is trading way above its 200-day moving average which is placed at 10,675 mark.

Amongst broader indices, the BSE Midcap Index was down by 0.45%. The BSE Smallcap Index

was down by 0.17%. Both the indices outperformed Sensex/Nifty.

Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE Consumer Durables

Index (up 0.39%), BSE Metal Index (up 0.26%), BSE Healthcare Index (up 0.02%).

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

2.14%), BSE Realty Index (down, 1.23%), BSE Power Index (down, 1.22%)

Amongst stock specific action, positive bias was seen in stocks like DR REDDY (up 3.85%),

WIPRO (up 2.62%), EICHER MOTORS (up 2.34%)

Among stocks drifting down were: BAJ FINANCE (down 4.78%), HINDULEVER (down 4.51%),

POWERGRID (down 3.62%)

Maximum Call Open Interest (OI) stands at 11800 Strike Price, followed by 12000 Strike Price

for September Series. Call writing was seen predominantly at 11900-12100 strike prices for

September series.

Maximum Put Open Interest (OI) was seen at strike price 11600 followed by 11,500 strike price

for September series. Fresh put buying was seen predominantly at 11600-11800 strike prices

for September series.

As per Monday’s Provisional Data available on the NSE, FII’s sold shares worth Rs. 21.13 crores

in the Indian Equity Market. DIIs too sold shares worth Rs. 542.12 crores in the Indian Equity

market.

Highest OI Nifty: Calls 11800: 34.74 L - Puts 11600: 34.49

Highest OI Bank Nifty: Calls 29000: 7.31 L - Puts 27000: 7.70 L

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

Long Buildup: ASHOK LEYLAND, INFIBEAM, ENGINERSIN, JAIN IRRIGATION, TATACHM.

Short Buildup: RELIANCE, ESCORTS, HINDULIVER, M&M, MCDOWELL.

Short Covering: TITAN, HINDPETRO, MGL, HDFC, INDIGO.

Long Unwinding: ADANI ENT, AXIS BANK, MINDTREE, TECHM, DLF.

Stocks banned in F&O segment for today: NIL.

New In Ban: NIL.Out of Ban: NIL.

Future Call: SELL CEAT SEPTEMBER FUTURES between 1399-

1402 zone. Targets 1371 and then at 1346. Stop: 1427. Holding

Period: Intraday. Analyst’s Remark: Weakening Momentum (CEAT

September Futures CMP 1394).

Option Call: BUY NIFTY SEPTEMBER PE strike price 11400 at CMP

71.50. Profit: Unlimited. Maximum Loss: Rs. 5,362.50. Stop: Exit Put

option if Nifty moves above 11675. (Nifty September Futures CMP

11623.55).

11582.35 (-0.84%)

27819.50 (-0.86%)

13.39 (+6.31%)

+42 vs +50

2.54 crores (+0.46%)

15.99 lakhs (-2.85%)

3279.15 3453.61

36009.32 42825.68

607405 555158

175690 17026

903827 67107

4383798 463142

745675 60131

6208990 607405

Calls in lakhs (% Change)

11800 34.74 (+27%)

12000 28.87 (+9%)

11700 24.12 (+17%)

Puts in lakhs (% Change)

11700 30.53 (+9%)

11600 34.49 (+6%)

11500 31.57 (-1%)


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 11582.35 11515.9 11449.45 11700.3 11818.25 11633.85 10683.22 UP

BANKNIFTY 27819.5 27663.54 27507.57 28089.33 28359.17 27933.37 26033.31 UP

NIFTYMID50 5311.3 5277.33 5243.37 5366.58 5421.87 5332.62 5161.3 UP

ACC 1662.1 1635.77 1609.43 1683.67 1705.23 1657.33 1558.95 UP

ADANIENT 210.5 200.63 190.77 223.88 237.27 214.02 162.27 UP

ADANIPORTS 384.45 377.62 370.78 392.12 399.78 385.28 391.31 DOWN

AJANTPHARM 1249.2 1228.53 1207.87 1279.83 1310.47 1259.17 1262.55 DOWN

ALBK 42.8 41.87 40.93 44.17 45.53 43.23 53.89 DOWN

AMARAJABAT 845.5 837.13 828.77 858.23 870.97 849.87 810.84 UP

ANDHRABANK 34.5 33.5 32.5 35.6 36.7 34.6 43.81 DOWN

APOLLOTYRE 250.3 247.9 245.5 253.6 256.9 251.2 268.89 DOWN

ARVIND 399.7 395.4 391.1 406.7 413.7 402.4 414.12 DOWN

ASHOKLEY 133.45 132.17 130.88 134.87 136.28 133.58 133.57 DOWN

ASIANPAINT 1361.6 1348.57 1335.53 1381.07 1400.53 1368.03 1227.36 UP

AUROPHARMA 699.9 689.17 678.43 718.07 736.23 707.33 623.67 UP

AXISBANK 631.8 622.45 613.1 648.3 664.8 638.95 547.87 UP

BAJAJ-AUTO 2771.9 2745.37 2718.83 2803.07 2834.23 2776.53 2971.71 DOWN

BAJAJFINSV 6652.9 6571.93 6490.97 6786.93 6920.97 6705.97 5627.58 UP

BAJFINANCE 2724.05 2666.23 2608.42 2830.93 2937.82 2773.12 2027.29 UP

BALKRISIND 1264.1 1227.4 1190.7 1327.9 1391.7 1291.2 1165.15 UP

BALRAMCHIN 76.5 75.05 73.6 78.4 80.3 76.95 96.08 DOWN

BANKBARODA 151.7 149.57 147.43 155.17 158.63 153.03 146.65 UP

BANKINDIA 99.65 98.1 96.55 102.1 104.55 100.55 123.06 DOWN

BATAINDIA 1064.1 1048.57 1033.03 1089.07 1114.03 1073.53 790.41 UP

BEL 112.45 111.13 109.82 114.63 116.82 113.32 142.14 DOWN

BEML 841.15 828.68 816.22 861.98 882.82 849.52 1150.09 DOWN

BERGEPAINT 328.4 323.57 318.73 335.87 343.33 331.03 274.99 UP

BHARATFIN 1159.7 1153.3 1146.9 1167.8 1175.9 1161.4 1099 UP

BHARATFORG 669.4 661.05 652.7 683.7 698 675.35 694.13 DOWN

BHARTIARTL 383.8 380.42 377.03 387.22 390.63 383.83 419.78 DOWN

BHEL 81.75 80.73 79.72 82.83 83.92 81.82 84.61 DOWN

BIOCON 614.85 608.6 602.35 625.55 636.25 619.3 587.01 UP

BPCL 360.1 357.3 354.5 364.2 368.3 361.4 433.24 DOWN

BRITANNIA 6565.85 6460.25 6354.65 6743.2 6920.55 6637.6 5411.86 UP

CANBK 284.85 280.38 275.92 291.03 297.22 286.57 295.7 DOWN

CANFINHOME 321.15 315.93 310.72 328.63 336.12 323.42 422.76 DOWN

CAPF 649.85 642.58 635.32 659.03 668.22 651.77 633.8 UP

CASTROLIND 158.85 158 157.15 159.95 161.05 159.1 184.44 DOWN

CEATLTD 1389.5 1371.95 1354.4 1415.6 1441.7 1398.05 1559.77 DOWN

CENTURYTEX 969.05 953.38 937.72 988.38 1007.72 972.72 1137.81 DOWN

CESC 1018.2 989.8 961.4 1041.9 1065.6 1013.5 999.27 UP

CGPOWER 58.4 57.67 56.93 59.47 60.53 58.73 75.84 DOWN

CHENNPETRO 308.65 304.37 300.08 314.67 320.68 310.38 348.28 DOWN

CHOLAFIN 1509.7 1473.92 1438.13 1538.77 1567.83 1502.98 1449.93 UP

CIPLA 649.1 640.07 631.03 664.67 680.23 655.63 596.72 UP

COALINDIA 287.65 285.93 284.22 289.58 291.52 287.87 280.76 UP

COLPAL 1174.65 1147.13 1119.62 1200.28 1225.92 1172.77 1118.55 UP

CONCOR 650.8 645.87 640.93 656.12 661.43 651.18 659.6 DOWN

DABUR 466.35 460.55 454.75 476.6 486.85 470.8 367.38 UP

DALMIABHA 2589.35 2552.47 2515.58 2652.77 2716.18 2615.88 2799.22 DOWN

DCBBANK 170.9 167.07 163.23 177.47 184.03 173.63 178.02 DOWN

DHFL 679.25 662.53 645.82 693.73 708.22 677.02 594.84 UP

DISHTV 70.9 70.17 69.43 71.97 73.03 71.23 73.95 DOWN

DIVISLAB 1287.1 1267.73 1248.37 1316.73 1346.37 1297.37 1097.73 UP

DLF 212.45 209.65 206.85 215.9 219.35 213.1 216.61 DOWN

DRREDDY 2593.4 2514.93 2436.47 2651.93 2710.47 2573.47 2217.93 UP

EICHERMOT 28885.85 28317.57 27749.28 29226.57 29567.28 28658.28 28907.57 DOWN

ENGINERSIN 135.8 129.93 124.07 140.03 144.27 134.17 156.39 DOWN

EQUITAS 159.9 156.18 152.47 163.43 166.97 159.72 147.83 UP

ESCORTS 831.95 814.7 797.45 862.6 893.25 845.35 852.62 DOWN

EXIDEIND 282.95 280.47 277.98 286.97 290.98 284.48 239.12 UP

FEDERALBNK 80.75 80.15 79.55 81.6 82.45 81 94.46 DOWN

FORTIS 149.15 146.9 144.65 150.65 152.15 148.4 144.97 UP

GAIL 368.3 365.17 362.03 373.62 378.93 370.48 349.7 UP

GLENMARK 663 656.58 650.17 672.83 682.67 666.42 569.79 UP

GMRINFRA 20.25 19.7 19.15 21.15 22.05 20.6 18.59 UP

GODREJCP 1433.55 1414.1 1394.65 1459 1484.45 1439.55 1122.63 UP

GODREJIND 629.95 620.28 610.62 645.33 660.72 635.67 588.31 UP

GRANULES 115.05 113.67 112.28 117.07 119.08 115.68 109.36 UP

GRASIM 1065.95 1053.97 1041.98 1077.97 1089.98 1065.98 1087.46 DOWN

GSFC 121.3 119.17 117.03 124.12 126.93 121.98 126.84 DOWN

HAVELLS 716.4 706.15 695.9 727.7 739 717.45 554.08 UP

HCC 14.95 14.02 13.08 15.67 16.38 14.73 25.15 DOWN

HDFC 1944.8 1931.93 1919.07 1953.83 1962.87 1940.97 1841.25 UP

HDFCBANK 2075.05 2066.05 2057.05 2081.5 2087.95 2072.5 1970.2 UP

HDIL 34.65 31.98 29.32 36.58 38.52 33.92 40.14 DOWN

HEROMOTOCO 3242.45 3219.72 3196.98 3280.47 3318.48 3257.73 3561.29 DOWN

HEXAWARE 429.95 423.58 417.22 441.03 452.12 434.67 401.73 UP

HINDALCO 239.4 236.38 233.37 242.63 245.87 239.62 237.02 UP

HINDPETRO 257.5 254.15 250.8 260.8 264.1 257.45 343.52 DOWN

HINDUNILVR 1699.1 1666.13 1633.17 1761.78 1824.47 1728.82 1476.14 UP

HINDZINC 298.7 295.2 291.7 302.1 305.5 298.6 299.83 DOWN

IBREALEST 149.15 147.4 145.65 151.95 154.75 150.2 191.56 DOWN

IBULHSGFIN 1260.05 1249.15 1238.25 1274.7 1289.35 1263.8 1239.07 UP

ICICIBANK 334.15 329.8 325.45 341.25 348.35 336.9 304.03 UP

ICICIPRULI 380.65 375.42 370.18 385.87 391.08 380.63 398.2 DOWN

ICIL 79.4 77.1 74.8 81.75 84.1 79.45 94.03 DOWN

IDBI 61.15 60.33 59.52 62.63 64.12 61.82 63.46 DOWN

IDEA 51.05 49.73 48.42 52.33 53.62 51.02 74.5 DOWN

IDFC 52.2 51.7 51.2 53 53.8 52.5 53.23 DOWN

IDFCBANK 47.9 47.38 46.87 48.63 49.37 48.12 48.3 DOWN

IFCI 17.3 17.08 16.87 17.58 17.87 17.37 21.02 DOWN

IGL 290.3 286.8 283.3 295.85 301.4 292.35 292.34 DOWN

INDIACEM 123.65 121.88 120.12 126.53 129.42 124.77 144.5 DOWN

INDIANB 328.75 324.15 319.55 336.25 343.75 331.65 343.91 DOWN

INDIGO 948.95 936.6 924.25 958.7 968.45 946.35 1197.72 DOWN

INDUSINDBK 1897 1881.52 1866.03 1915.67 1934.33 1900.18 1811.68 UP

INFIBEAM 231.9 227.87 223.83 236.72 241.53 232.68 165.01 UP

INFRATEL 289.8 286.23 282.67 293.13 296.47 289.57 328.46 DOWN

INFY 1434.25 1420.2 1406.15 1458.1 1481.95 1444.05 1183.21 UP

IOC 155 154.07 153.13 156.47 157.93 155.53 177.86 DOWN

IRB 188.85 186.95 185.05 191.6 194.35 189.7 226.16 DOWN

ITC 313.2 308.52 303.83 320.42 327.63 315.73 273.01 UP

JETAIRWAYS 285.5 282.47 279.43 288.57 291.63 285.53 562.05 DOWN

JINDALSTEL 220.55 218.4 216.25 223.6 226.65 221.45 224.65 DOWN

JISLJALEQS 86.5 84.7 82.9 88.7 90.9 86.9 106.78 DOWN

JPASSOCIAT 11.75 11.47 11.18 12.17 12.58 11.88 17.59 DOWN

JSWENERGY 71.5 70.33 69.17 73.58 75.67 72.42 77.22 DOWN

JSWSTEEL 397 392.57 388.13 401.97 406.93 397.53 305.67 UP

JUBLFOOD 1526.25 1510.7 1495.15 1549.9 1573.55 1534.35 1174.66 UP

JUSTDIAL 537.95 526.12 514.28 557.12 576.28 545.28 512.67 UP

KOTAKBANK 1269.1 1257.73 1246.37 1287.73 1306.37 1276.37 1168.27 UP

KPIT 300 295.53 291.07 306.83 313.67 302.37 236.77 UP

KSCL 641.95 637.55 633.15 649.55 657.15 645.15 535.23 UP

KTKBANK 119.95 118.63 117.32 121.88 123.82 120.57 129.67 DOWN

L&TFH 180.15 178.4 176.65 183.05 185.95 181.3 168.99 UP

LICHSGFIN 519.95 517.22 514.48 523.97 527.98 521.23 531.02 DOWN

LT 1363 1352.07 1341.13 1381.97 1400.93 1371.03 1309.79 UP

LUPIN 936.1 925.8 915.5 952.15 968.2 941.85 833.62 UP

M&M 947.8 934.88 921.97 967.83 987.87 954.92 818.4 UP

M&MFIN 485.2 481.5 477.8 491.45 497.7 487.75 471.15 UP

MANAPPURAM 98.85 97.9 96.95 100.4 101.95 99.45 109.18 DOWN

MARICO 361 355.43 349.87 370.63 380.27 365.07 325.87 UP

MARUTI 8902.15 8811.78 8721.42 9055.73 9209.32 8965.37 9030.29 DOWN

MCDOWELL-N 609.65 598.63 587.62 629.13 648.62 618.12 657.93 DOWN

MCX 824.9 816.1 807.3 838.5 852.1 829.7 820.8 UP

MGL 871.5 862.27 853.03 880.87 890.23 871.63 955.73 DOWN

MOTHERSUMI 304.65 302.48 300.32 307.58 310.52 305.42 332.82 DOWN

MRF 73038.9 72635.95 72233 73805.91 74572.91 73402.95 73268.93 DOWN

MRPL 79.75 78.78 77.82 81.18 82.62 80.22 106.31 DOWN

MUTHOOTFIN 404.3 399.33 394.37 412.03 419.77 407.07 416.92 DOWN

NATIONALUM 75.2 74.33 73.47 76.33 77.47 75.47 72.61 UP

NBCC 72.9 71.73 70.57 74.23 75.57 73.07 98.98 DOWN

NCC 103.65 99.07 94.48 106.77 109.88 102.18 114.95 DOWN

NMDC 113.05 110.57 108.08 115.52 117.98 113.03 121.86 DOWN

NTPC 169.5 167 164.5 172.4 175.3 169.9 167.24 UP

OFSS 4113.65 4062.43 4011.22 4182.43 4251.22 4131.22 3977.18 UP

OIL 211.85 210.2 208.55 214.5 217.15 212.85 226.9 DOWN

ONGC 177.3 175.72 174.13 179.82 182.33 178.23 178.83 DOWN

ORIENTBANK 84.4 82.97 81.53 86.77 89.13 85.33 96.83 DOWN

PCJEWELLER 90.75 84.55 78.35 95.8 100.85 89.6 278.64 DOWN

PEL 3078.8 3002.28 2925.77 3205.23 3331.67 3128.72 2632.23 UP

PETRONET 241.95 238.47 234.98 247.62 253.28 244.13 233.31 UP

PFC 84.75 83.67 82.58 86.37 87.98 85.28 95.79 DOWN

PIDILITIND 1165.7 1158.57 1151.43 1175.82 1185.93 1168.68 991.85 UP

PNB 86.35 85.13 83.92 88.43 90.52 87.22 116.16 DOWN

POWERGRID 194.5 190.67 186.83 201.67 208.83 197.83 197.27 DOWN

PTC 84.05 83.1 82.15 85.45 86.85 84.5 94.86 DOWN

PVR 1382.65 1360.83 1339.02 1411.23 1439.82 1389.42 1339.88 UP

RAMCOCEM 679.55 672.77 665.98 689.07 698.58 682.28 742.48 DOWN

RAYMOND 839.25 831.23 823.22 851.63 864.02 843.62 964.67 DOWN

RBLBANK 623.9 616.1 608.3 637.6 651.3 629.8 523.79 UP

RCOM 18.2 17.77 17.33 18.77 19.33 18.33 19.58 DOWN

RECLTD 119.35 117.82 116.28 121.82 124.28 120.28 130.19 DOWN

RELCAPITAL 474.5 466.6 458.7 485.05 495.6 477.15 442.15 UP

RELIANCE 1229.15 1217.5 1205.85 1249.35 1269.55 1237.7 983.75 UP

RELINFRA 472.95 462.28 451.62 486.58 500.22 475.92 444.77 UP

REPCOHOME 532.2 523.78 515.37 544.83 557.47 536.42 600.96 DOWN

RPOWER 37.85 36.97 36.08 39.02 40.18 38.13 38.7 DOWN

SAIL 79.95 79.02 78.08 81.07 82.18 80.13 80.54 DOWN

SBIN 306.35 303.27 300.18 310.97 315.58 307.88 281.08 UP

SHREECEM 19046.6 18886.13 18725.67 19248.53 19450.47 19088.07 17068.13 UP

SIEMENS 1009.35 999.58 989.82 1023.53 1037.72 1013.77 1109.6 DOWN

SOUTHBANK 17.55 17.47 17.38 17.67 17.78 17.58 25.68 DOWN

SREINFRA 52.65 51.35 50.05 54.85 57.05 53.55 79.57 DOWN

SRF 2002.9 1979.7 1956.5 2042.55 2082.2 2019.35 1902.51 UP

SRTRANSFIN 1313.65 1290.58 1267.52 1352.13 1390.62 1329.07 1403.48 DOWN

STAR 499.25 491.85 484.45 509.8 520.35 502.4 602.53 DOWN

SUNPHARMA 656.2 647.13 638.07 669.38 682.57 660.32 543.44 UP

SUNTV 778.15 766.17 754.18 791.02 803.88 779.03 890.86 DOWN

SYNDIBANK 41.15 40 38.85 42.25 43.35 41.1 59.24 DOWN

TATACHEM 767.95 755.3 742.65 781.3 794.65 768.65 717.83 UP

TATACOMM 531.7 524.6 517.5 542.25 552.8 535.15 625.47 DOWN

TATAELXSI 1445.2 1430.97 1416.73 1464.72 1484.23 1450.48 1145.61 UP

TATAGLOBAL 236.7 233.32 229.93 241.82 246.93 238.43 272.21 DOWN

TATAMOTORS 266.6 263.57 260.53 271.32 276.03 268.28 339.88 DOWN

TATAMTRDVR 144.15 141.85 139.55 146.1 148.05 143.8 193.41 DOWN

TATAPOWER 78.2 76.63 75.07 79.38 80.57 77.82 82.65 DOWN

TATASTEEL 600.75 595.85 590.95 607.8 614.85 602.9 618.51 DOWN

TCS 2052.9 2037.53 2022.17 2079.13 2105.37 2063.77 1634.96 UP

TECHM 745.65 732.6 719.55 767.6 789.55 754.55 620.67 UP

TITAN 912.75 895.48 878.22 925.68 938.62 908.42 880.15 UP

TV18BRDCST 46.65 45.6 44.55 48.1 49.55 47.05 56.55 DOWN

TVSMOTOR 565.5 559 552.5 576.5 587.5 570 639.77 DOWN

UBL 1381.4 1362.63 1343.87 1408.78 1436.17 1390.02 1126.98 UP

UJJIVAN 351.8 347.25 342.7 356.8 361.8 352.25 380.34 DOWN

ULTRACEMCO 4373.55 4328.63 4283.72 4444.23 4514.92 4399.32 4088.56 UP

UNIONBANK 90.25 88.73 87.22 92.48 94.72 90.97 108.86 DOWN

UPL 720.65 711.77 702.88 727.77 734.88 718.88 705.2 UP

VGUARD 219.35 216.32 213.28 224.07 228.78 221.03 224.02 DOWN

VOLTAS 601.7 592.7 583.7 616.45 631.2 607.45 597.75 UP

WIPRO 308.35 300.77 293.18 321.47 334.58 313.88 285.87 UP

WOCKPHARMA 659.7 645.47 631.23 676.47 693.23 662.23 734.26 DOWN

YESBANK 339.05 334.83 330.62 345.63 352.22 341.42 335.81 UP

ZEEL 499.6 496.23 492.87 503.98 508.37 500.62 562.12 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 29701-29901 zone, targeting 30501 and then at 30651-30699 zone. Stop 29401.

Interweek Strategy: Establish long positions between 36751-36901 zone, targeting 37901 and then at 38601-38751 zone. Stop 36251.

Intraday strategy: Establish long positions at CMP, targeting 5045 and then at 5205-5250 zone with stop at 4840.

Interweek strategy: Establish long positions between 411-415 zone, targeting 431 and then at 437.50 and finally at 443-447.50 zone with stop at 403.

Interweek Strategy: Buy on any early dips between 197.50-199 zone, targeting 213 and then at 221-225 zone with stop below191.

USD/INR was seen flaring up in Monday's trade. Buying on dips should be preferred strategy. Interweek strategy: Establish long position between 70.45-70.55 zone, targeting 71.05 and then aggressive targets at 72.50-73 with stop at 69.69.

30266 29451 28695 30699 30901 Neutral

37594 36251 35899 37901 38751 Neutral

4995 4845 4671 5045 5250 Positive

423 408 393 431 448 Positive

204.20 191.00 185.00 213.00 225.00 Neutral

71.21 70.45 69.70 71.45 73.00 Positive

Oil prices ends slightly higher in yesterday's trade, despite the U.S.-China trade dispute feeds worries about demand.

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 closed on Sept. 3 for 'Labour day holiday'.

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 15.01-15.09 zone, targeting 14.05 zone and then aggressive targets at 13.75-1391 with stop at 15.39.

Intraday Strategy: Establish long positions between 68-69.25 zone, targeting 71.50 and then at 73 with stop at 68.05.

The EUR/USD was seen drifting in Monday's trade amidst strength 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 was seen attempting a rebound in Monday's trade amidst value buying. 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 ended higher on Friday's trade, with the major benchmarks posting strong weekly gains and a strong finish in August. For the week, the Dow rose 0.7%, and the Nasdaq gained 2.1%. For August month, the Dow added 2.2%, the S&P added 3%, and the Nasdaq climbed 5.7%. Key hurdle now seen at 26451. The near term bias continues to be positive.

1207 1201 1189 1227 1233 Neutral

14.53 14.05 13.75 15.27 15.95 Neutral

70.1 68.95 67.5 71.5 73.05 Positive

1.1621 1.1501 1.1215 1.1751 1.1900 Neutral

95.12 92.50 90.00 97.50 99.00 Neutral

25965 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

149.9 148.52 147.13 151.82 153.73 143.36 142.45 DOWN

1344.5 1339.67 1334.83 1349.67 1354.83 1049.17 1296.5 UP

4613 4577.67 4542.33 4638.67 4664.33 4251.98 4570 UP

3891 3795.33 3699.67 3945.33 3999.67 3909.24 4197 UP

423.4 418.6 414.95 424.6 426.95 446.54 411.5 DOWN

22780 22830 22740 23020 23120 21036.15 23410 UP

4993 4948.33 4897.67 5031.33 5063.67 4324.52 4754 DOWN

30255 30081.33 29992.67 30287.33 30404.67 30201.74 29698 UP

9179 9050 8921 9264 9349 8791.79 9478 UP

4266 4209 4152 4306.5 4347 4062.92 4435 DOWN

19340 19213.33 19086.67 19453.33 19566.67 17789.22 18720 DOWN

150.95 144.42 142.98 147.62 149.38 158.37 142.65 UP

1722.2 1706.07 1689.93 1750.87 1779.53 1472.51 1630.4 UP

204.9 203.3 201.7 206 207.1 188.56 207.6 UP

909 931 923.6 948.8 959.2 896.48 952.2 DOWN

3983 3938 3893 4011 4039 4013.97 4103 DOWN

37591 36722.66 36584.33 37078.66 37296.33 38814.44 37480 DOWN

2709 2709 2709 2709 2709 3619.22 2651 UP

3226 3193.33 3160.67 3244.33 3262.67 3463.48 3263 UP

176.15 172.72 170.43 177.82 180.63 205.33 173.3 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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