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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
Tuesday27th November, 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 Tuesday's trading action at Dalal Street, dated 27th of
November 2018.
SGX Nifty is trading subdued in early action indicating Dalal Street will not be able to build
on to Monday's gains.
The negative catalyst: In an interview with the Wall Street Journal, President
Donald Trump has said he’ll likely push forward with plans to increase tariffs on
$200 billion of Chinese goods, indicating he would also slap duties on all
remaining imports from the Asian nation if negotiations with China’s leader Xi
Jinping fail to produce a trade deal.
Honestly speaking, our stock markets will be on fire only if there are any signs of truce
between the U.S and China. The two leaders President Trump and China’s President Xi
Jinping meet at Group of 20 leaders’ summit in Buenos Aires this weekend to discuss trade
issues..
Optimism will simply zoom and should give a big boost to emerging markets like India as
on backdrop of amicable resolution, the U.S Dollar is likely to simply weaken.
Upcoming events that are lined up in near term are:
1. 30th November India's Q2 GDP
2. 1st December Auto sales for November 2018.
3. 5th December 2:30 PM RBI POLICY.
4. 6th December OPEC meeting.
5. 7th December After 6:00 PM 5 States Exit polls.
6. 11th December 5 states Chhattisgarh, Mizoram, Rajasthan, Telangana,
Madhya Pradesh results.
7. 14th December RBI Board meet.
8. 19th December FOMC Meeting.
Meanwhile, the key corporate events lined up this week:
• ARVIND 28-Nov-18 Spin Off.
• BRITANNIA 29-Nov-18 Stock Split From Rs.2/- to Rs.1/-
• DALMIABHA 29-Nov-18 Amalgamation.
Outlook for Tuesday: Consolidation day likely.
The biggest wildcard out there is the U.S.-China trade dispute. Amidst this backdrop,
expect trading to be little volatile in next four trading sessions. Volatility also likely to be the
hallmark as Bank Nifty and November series expire this Thursday, 29th November 2018.
Our call of the day suggests an uninspiring performance likely at Dalal Street. Expect
Nifty to trade range bound. Fresh drubbing only below Nifty 10,451 And
confirmation of strength only above 10761 mark.
STOCKS TO WATCH:
• Our chart of the day suggests establishing long positions in stocks like PVR,
TITAN and CANARA BANK on any intraday weakness with 2-3 days
perspective.
• Bullish stocks: SBI, CANARA BANK, TITAN, HAVELLS, VOLTAS, PVR, DLF, BAJAJ
FINANCE, BAJAJ FINSERV.
10628 0.97%
26366 1.41%
9159 1.06%
29936 2.36%
3117 0.71%
14025 1.37%
2476 0.34%
4792 0.25%
3172 -1.32%
9181 -1.31%
227 0.35%
6190 -0.22%
35354 1.31%
10627 -0.19%
Buy on dips.
Positive (10591-10697)
Neutral (9750-10811)
Neutral (11501)
10451 & 10291
10707 & 10777
10271
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Technical Strategy
‘30,000 feet view’: The big picture of Dalal Street
• Bearish stocks: MCX, BALKRISHNA INDUSTRIES, APOLLO TYRES, GODFREY
PHILIPS, JAIN IRRIGATION.
• Show Me the Money: BUY PVR (CMP 1436.50): PVR enjoyed a strong session in
Monday's trade's trade, up 1.47% and most importantly, signalled a breakout from
a probable 'Flag Pattern' on daily charts. Key intraday hurdles seen at 1455.
Interweek Strategy: Buy between 1421-1427 zone, targeting 1455 and then
aggressive targets at 1475-1501 zone. Stop 1405.
• Stocks banned in F&O segment for today: ADANI ENT, ADANI POWER, DHFL, JET
AIRWAYS.
GLOBAL CUES:
• Wall Street staged a major comeback in Monday's trading session on backdrop of
on strong Black Friday spending, increases in the price of crude oil and global equity
gains.
In Europe, London’s FTSE was up 0.7%, Germany’s DAX gained 1.1% and France’s
CAC added 0.6%.
FII/DII & OPTIONS DATA:
• As per Monday’s Provisional Data available on the NSE, Foreign institutional
investors (FIIs) bought shares worth Rs 62.74 crore and domestic institutional
investors purchased Rs 351.78 crore worth of shares in the Indian equity market.
COMMODITY CUES:
• Gold price traded sluggish in yesterday's trade. Key suppport seen at 30201 mark.
Interweek strategy: Establish long positions only above 31101, targeting 31457
mark and then aggressive targets at 31901 with stop at 30001.
• Copper prices were seen trading range bound in yesterday's trade. Strength seen
only above 442.50. Interweek strategy: Establish short positions between 437-
442.50 zone, targeting 421 mark and then at 411-415 zone. Stop above 443.
MACRO WATCH:
• This week, the final trading week of the month will feature reports on home prices,
GDP and minutes from the last Fed meeting.
CURRENCIES & BONDS:
• In Monday's trade, the Indian Rupee broke a winning streak of seven consecutive
sessions, as the rupee weakened by 18 paise to close at 70.87 against the dollar.
Riding on falling crude oil prices, the rupee had advanced by 3% - against the dollar
in the past seven trading sessions.
• The rupee is down about 11 per cent against the dollar so far this year.
• USD/INR at oversold zone. Support now seen at 70. Technically, oversold conditions
prevail. Buying advised only above 71.45.
WHAT TECHNICALS TELLS US ON NIFTY:
• Dalal Street rebounded sharply in Monday's trade, up 1% following strength in
global stock markets and despite strength in crude oil prices.
• The benchmarks Sensex and Nifty ended in green snapping three-day losses.
• The market breadth, indicating the overall health of the market, was weak. The BSE
Mid-Cap index rose 0.06%. The BSE Small-Cap index fell 0.15%.
• Technically speaking, Intraday supports on Nifty are placed at 10471 and then at
BANK NIFTY ended on a strong note in Monday's
trade, up 1.41% on backdrop of short covering.
Bank Nifty was seen breaking out from a 6-day
higher consolidation zone on daily charts. Short
covering was seen as the primary theme.
Technically, the recent sequence of higher
highs/lows are intact on daily and intraday charts.
Momentum oscillators are again shifting on buy
mode. The index could flare up to its immediate
hurdles at 26901 zone.
Only on any move below 26001 will confirm major
weakness which also needs to be backed by
increases in volumes.
Key intraday support to watch in near term is at
26001 zone. Medium term supports seen at
24250 zone.
Buy between 26101-26251 zone, targeting
26901 zone and then aggressive targets at
27251-27501 zone with stop at 25901.
BANK NIFTY
Action
Target
Support
Resistance
Holding Period
26366
Buy
26901
26001/25561
26901/27451
5 Days.
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‘30,000 feet view’: The big picture of Dalal Street
then at 10291 mark. The intraday bias continues to be neutral as Nifty was unable to move above the make or break hurdles at
10757-10,775 zone.
• Long term supports for Nifty in near term is at 9,951 mark. The technical landscape will worsen further only 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 medium term price action for Nifty is suggesting that we are likely to see an 10251 -10,751 range in near term with neutral bias. The
bigger battle for bulls camp would be reclaiming Nifty's 200 DMA at 10,761.
• Judging by Monday's action at Dalal Street, it appears Nifty has made intermediate bottom at 10,471 mark. Immediate
targets on Nifty are seen at its 200 DMA at 10,761.
Daily Chart of Nifty:
Bulls Vs. Bears: Time to Pick a Side!!
Preferred trade on Nifty: Nifty (10628.60): Buy between 10551-10575 zone, targeting 10671 zone and then aggressive targets at 10725-
10775 zone with stop at 10451.
Preferred trade on Bank Nifty (26366): Buy between 26101-26251 zone, targeting 26901 zone and then aggressive targets at 27251-27501
zone with stop at 25901.
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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)
CANARA NBANK is signalling a breakout from a 'higher consolidation zone' on daily charts. Key intraday support seen at 259. Interweek Strategy: Buy between 259-262 zone, targeting 271.70 and then aggressive targets located at 302.50-295 zone. Stop below 253.
Oversold technical conditions prevail on daily charts. Key intraday supports at 821. Intraday Strategy: Buy at CMP, targeting 855-870 zone and then more aggressive targets located at 901-905 zone. Stop below 817.
PVR enjoyed a strong session in Monday's trade's trade, up 1.47% and most importantly, signalled a breakout from a probable 'Flag Pattern' on daily charts. Key intraday hurdles seen at 1455. Interweek Strategy: Buy between 1421-1427 zone, targeting 1455 and then aggressive targets at 1475-1501 zone. Stop 1405.
Momentum oscillators in buy mode for SBI. Key intraday supports seen at 285. Intermonth Strategy: Buy between 283-285 zone, targeting 301 zone and then at 311-315 zone with stop below 277.
The recent sequence of higher high/low is intact on daily charts. Key intraday support seen at 892.60. Interweek Strategy: Buy between 901-910 zone, targeting 933 and then at 945-947.50 zone. Stop below 892.05.
Stocks are poised for short-term rally! PVR is our preferred bet on buy side.
CANARA BANK
MINDTREE
PVR
STATE BANK OF INDIA
TITAN
263.65 259 253 271.7 302.5 Positive
837 821 801 870 905 Positive
1436.5 1407 1369 1455 1501 Positive
286.4 279 267 301 315 Positive
916.4 892.6 872 933 947.5 Positive
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EQUITY DERIVATIVESLooking into the future from present.
Changes in Open Interest (OI) in yesterday’s trade.
Nifty Spot
VIX
Premium
Nifty Future 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)
Bank Nifty Spot
Bank Nifty OIFuture
Market Summary:
The benchmark Nifty started this week with a bang as it swiftly reclaimed the 10600
mark in the second half of yesterday’s session, up 0.97% at 10628.60. Bank Nifty
outperformed the Nifty as it went up by 1.41% at 26365.60. Despite this positivity,
Metals and Pharma space continued to be spoilt sport yesterday.
The BSE Mid-Cap underperformed the benchmarks as it was up 0.06%. The BSE
Small-Cap index too underperformed at it was down 0.15%.
Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE FMCG Index
(up 2.20%), BSE Bankex Index (up 1.27%), BSE Auto Index (up 1.10%).
Amongst the sectoral indices, underperforming the Sensex/Nifty were BSE Metal
Index (down 1.33%), BSE Healthcare Index (down 0.87%), BSE India Infrastructure
Index (down 0.38%).
Amongst stock specific action, positive bias was seen in stocks like HEROMOTO up
(6.11%), WIPRO (up 4.04%), HINDULVER (up 3.87%)
Among stocks drifting down were: ONGC (down 3.45%), SUN PHARMA (down
2.83%), YES BANK (down 1.97%).
Maximum Call Open Interest (OI) stands at 11000 Strike Price, followed by 10700
Strike Price for November Series. Short covering was seen at strike prices 10700-
10900 for November series.
Maximum Put Open Interest (OI) was seen at strike price 10500 followed by 10000
strike price for November series. Heavy short buildup was seen at strike prices 10300-
10600 for November series
As per Monday’s Provisional Data available on the NSE, FII’s bought shares worth Rs.
62.74 crores in the Indian Equity Market. DIIs too bought shares worth Rs. 351.78
crores in the Indian Equity market.
Highest OI Nifty: Calls 11000: 32.61 L - Puts 10500: 42.34
Highest OI Bank Nifty: Calls 26500: 8.21 L - Puts 26000: 10.90 L
Change in Stock Open Interest (OI) in previous day’s trade.
Long Buildup: ICICI BANK, DLF, IRB, PETRONET, PIDILITE.
Short Buildup: SAIL, VEDL, COAL INDIA, TATA STEEL.
Short Covering: JAIN IRRIGATION, INFY, SBIN, RELIANCE, PFC.
Long Unwinding: NCC, GRANULES, BHARATFORGE, SRTFIN.
Stocks banned in F&O segment for today: ADANI ENT, ADANI POWER, DHFL,
JET AIRWAYS.
New In Ban: NIL.
Out of Ban: NIL.
Future Call: BUY ICICI BANK NOVEMBER FUTURES at CMP
356.90. Targets at 362 and then at 367. Stop: 352. Holding Period:
Intraday. Analyst’s Remark: Momentum Play (ICICI Bank
November Futures CMP 356.90).
Option Call: SELL BANK NIFTY NOVEMBER PE strike price 26000
at CMP 41.30. Maximum Profit: Rs. 826. Loss: Unlimited. Stop: Exit
Put option if Bank Nifty moves below 26050. (Bank Nifty November
Futures CMP 26384.60).
10628.60 (+0.97%)
26365.60 (+1.41%)
20.4025 (+6.48%)
+16 vs -02
2.22 crores (-2.78%)
13.50 lakhs (+12.93%)
2655.61 2240.43
29218.06 24489.58
776197 1638348
419490 28217
1395090 77397
9944127 616716
942470 53868
12701177 776197
Calls in lakhs (% Change)
10600 22.84 (-26%)
10700 32.55 (-14%)
10500 15.3 (-12%)
Puts in lakhs (% Change)
10500 42.34 (+42%)
10600 30.77 (+49%)
10400 27.04 (+24%)
Tuesday27th November, 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.
Tuesday27th November, 2018
NIFTY 10628.6 10532.97 10437.33 10681.02 10733.43 10585.38 10743.32 DOWN
BANKNIFTY 26365.6 26128.23 25890.87 26499.78 26633.96 26262.42 26005.09 UP
NIFTYMID50 4792.1 4757.27 4722.43 4818.77 4845.43 4783.93 4995.09 DOWN
ACC 1439.1 1423.22 1407.33 1460.77 1482.43 1444.88 1489.46 DOWN
ADANIENT 157.35 155.37 153.38 159.62 161.88 157.63 131.87 UP
ADANIPORTS 369.05 359.9 350.75 374.3 379.55 365.15 372.37 DOWN
AJANTPHARM 1111.45 1097.8 1084.15 1124.5 1137.55 1110.85 1168.18 DOWN
ALBK 45.5 44.45 43.4 46.35 47.2 45.3 44.59 UP
AMARAJABAT 722 709.87 697.73 729.27 736.53 717.13 795.5 DOWN
ANDHRABANK 28.35 28.08 27.82 28.63 28.92 28.37 35.34 DOWN
APOLLOTYRE 224.2 220.2 216.2 226.6 229 222.6 258.75 DOWN
ARVIND 307.8 301.07 294.33 319.72 331.63 312.98 385.98 DOWN
ASHOKLEY 108.9 107.07 105.23 110.67 112.43 108.83 132.94 DOWN
ASIANPAINT 1349.5 1329.55 1309.6 1363.5 1377.5 1343.55 1257.54 UP
AUROPHARMA 796.35 786.12 775.88 803.07 809.78 792.83 648.43 UP
AXISBANK 631.05 620.12 609.18 638.37 645.68 627.43 559.16 UP
BAJAJ-AUTO 2649.5 2596.03 2542.57 2682.93 2716.37 2629.47 2814.97 DOWN
BAJAJFINSV 5737.9 5673.33 5608.77 5813.63 5889.37 5749.07 5815.71 DOWN
BAJFINANCE 2394.6 2357.07 2319.53 2422.02 2449.43 2384.48 2192.95 UP
BALKRISIND 964.05 952.65 941.25 971.85 979.65 960.45 1139.46 DOWN
BALRAMCHIN 101.7 99.42 97.13 105.67 109.63 103.38 82.49 UP
BANKBARODA 108.9 106.95 105 111 113.1 109.05 131.57 DOWN
BANKINDIA 84.55 82.27 79.98 86.87 89.18 84.58 97.52 DOWN
BATAINDIA 971.45 951.67 931.88 983.22 994.98 963.43 851.88 UP
BEL 95.9 93.95 92 97 98.1 95.05 117.24 DOWN
BEML 764.65 756.1 747.55 775.1 785.55 766.55 905.6 DOWN
BERGEPAINT 319.25 316.08 312.92 322.53 325.82 319.37 285.71 UP
BHARATFIN 970.35 955.03 939.72 980.58 990.82 965.27 1097.8 DOWN
BHARATFORG 572.25 562.38 552.52 583.68 595.12 573.82 662.71 DOWN
BHARTIARTL 334.55 328.77 322.98 339.62 344.68 333.83 371.44 DOWN
BHEL 67 65.95 64.9 67.6 68.2 66.55 78.41 DOWN
BIOCON 614.75 609.57 604.38 622.47 630.18 617.28 620.1 DOWN
BPCL 327.35 322.9 318.45 332.35 337.35 327.9 383.02 DOWN
BRITANNIA 6008.05 5953.07 5898.08 6060.97 6113.88 6005.98 5690.27 UP
CANBK 263.65 258.65 253.65 266.8 269.95 261.8 262.06 UP
CANFINHOME 253.85 246.87 239.88 261.42 268.98 254.43 367.67 DOWN
CAPF 540.95 527.43 513.92 552.18 563.42 538.67 576.45 DOWN
CASTROLIND 153.45 150.62 147.78 155.37 157.28 152.53 171.52 DOWN
CEATLTD 1219.95 1200.47 1180.98 1251.22 1282.48 1231.73 1383.6 DOWN
CENTURYTEX 900.9 888.6 876.3 908.6 916.3 896.3 996.54 DOWN
CESC 675.3 666 656.7 689.3 703.3 680 941.02 DOWN
CGPOWER 39.65 38.92 38.18 40.42 41.18 39.68 63.2 DOWN
CHENNPETRO 264.8 260.77 256.73 267.72 270.63 263.68 306.12 DOWN
CHOLAFIN 1288.85 1273.07 1257.28 1311.82 1334.78 1296.03 1437.92 DOWN
CIPLA 522.1 515.35 508.6 526.3 530.5 519.55 598.62 DOWN
COALINDIA 250.75 245.8 240.85 257.1 263.45 252.15 279.22 DOWN
COLPAL 1199.45 1165.8 1132.15 1218.3 1237.15 1184.65 1124.38 UP
CONCOR 671.2 663.1 655 681.2 691.2 673.1 645.81 UP
CUMMINSIND 787.75 767.63 747.52 800.58 813.42 780.47 728.14 UP
DABUR 419.05 405.52 391.98 426.32 433.58 412.78 384.49 UP
DALMIABHA 2380.9 2343.07 2305.23 2436.67 2492.43 2398.83 2570.2 DOWN
DCBBANK 155.65 154.25 152.85 157 158.35 155.6 169.77 DOWN
DHFL 222.4 215.7 209 232 241.6 225.3 519.85 DOWN
DIVISLAB 1506.05 1485.13 1464.22 1540.98 1575.92 1520.07 1181.22 UP
DLF 177.5 173.07 168.63 180.47 183.43 176.03 197.68 DOWN
DRREDDY 2558.6 2507.13 2455.67 2623.98 2689.37 2572.52 2257.58 UP
EICHERMOT 23848.3 23487.27 23126.23 24348.67 24849.03 23987.63 27609.05 DOWN
ENGINERSIN 118.15 116.18 114.22 119.33 120.52 117.37 137.68 DOWN
EQUITAS 107.1 104.85 102.6 109.25 111.4 107 141.24 DOWN
ESCORTS 671.7 660.07 648.43 678.52 685.33 666.88 830.84 DOWN
EXIDEIND 253.75 250.25 246.75 256.8 259.85 253.3 251 UP
FEDERALBNK 81.05 79.32 77.58 82.27 83.48 80.53 85.98 DOWN
FORTIS 147.1 146.02 144.93 148.57 150.03 147.48 143.2 UP
GAIL 339.8 336 332.2 345.7 351.6 341.9 349.44 DOWN
GLENMARK 641.6 629.22 616.83 651.17 660.73 638.78 584.03 UP
GMRINFRA 16.15 15.85 15.55 16.35 16.55 16.05 17.81 DOWN
GODREJCP 746.7 723.5 700.3 759.45 772.2 736.25 797.48 DOWN
GODREJIND 525.75 514.13 502.52 534.18 542.62 522.57 565.04 DOWN
GRANULES 90.55 88.23 85.92 93.43 96.32 91.12 101.04 DOWN
GRASIM 845.35 834.1 822.85 853.6 861.85 842.35 1019 DOWN
GSFC 104 101.95 99.9 106.75 109.5 104.7 115.29 DOWN
HAVELLS 660.5 652.92 645.33 667.17 673.83 659.58 578.95 UP
HCC 11.55 11.33 11.12 11.73 11.92 11.52 15.62 DOWN
HCLTECH 1000.5 973.7 946.9 1016.6 1032.7 989.8 980.5 UP
HDFC 1884.65 1872 1859.35 1894.3 1903.95 1881.65 1854.89 UP
HDFCBANK 2049.8 2023.9 1998 2063.85 2077.9 2037.95 1999.05 UP
HDIL 21.45 21.1 20.75 22 22.55 21.65 30.11 DOWN
HEROMOTOCO 3076 2957.27 2838.53 3149.72 3223.43 3030.98 3371.24 DOWN
HEXAWARE 310.9 298.68 286.47 318.73 326.57 306.52 411.78 DOWN
HINDALCO 218.8 214.98 211.17 221.38 223.97 217.57 230.57 DOWN
HINDPETRO 246.35 242.82 239.28 251.77 257.18 248.23 293.61 DOWN
HINDUNILVR 1744 1698.07 1652.13 1769.97 1795.93 1724.03 1553.67 UP
HINDZINC 262.65 260.43 258.22 264.68 266.72 262.47 293.18 DOWN
IBREALEST 81.25 79.38 77.52 83.73 86.22 81.87 158.66 DOWN
IBULHSGFIN 702.65 693.3 683.95 715.1 727.55 705.75 1155.16 DOWN
ICICIBANK 356.35 352.08 347.82 359.23 362.12 354.97 307.01 UP
ICICIPRULI 325.1 321.07 317.03 328.02 330.93 323.98 383.63 DOWN
ICIL 58.35 57.65 56.95 59.45 60.55 58.75 80.01 DOWN
IDBI 60.15 59.9 59.65 60.4 60.65 60.15 62.77 DOWN
IDEA 39.85 38.52 37.18 42.02 44.18 40.68 58.68 DOWN
IDFC 40.5 39.78 39.07 41.23 41.97 40.52 47.9 DOWN
IDFCBANK 39.7 38.53 37.37 40.63 41.57 39.47 43.26 DOWN
IGL 266.7 263.15 259.6 272.2 277.7 268.65 275.56 DOWN
INDIACEM 90.6 89.02 87.43 92.27 93.93 90.68 123.01 DOWN
INDIANB 223.85 220.37 216.88 228.07 232.28 224.58 307.3 DOWN
INDIGO 1048.65 1038.1 1027.55 1063.6 1078.55 1053.05 1118.64 DOWN
INDUSINDBK 1562.75 1540.63 1518.52 1576.28 1589.82 1554.17 1797.31 DOWN
INFIBEAM 45.3 43.97 42.63 47.27 49.23 45.93 149.18 DOWN
INFRATEL 262.75 257.85 252.95 268.1 273.45 263.2 300.72 DOWN
INFY 621.45 604.87 588.28 633.02 644.58 616.43 637.25 DOWN
IOC 136.95 134.33 131.72 141.28 145.62 138.67 163.02 DOWN
IRB 146.25 142 137.75 148.75 151.25 144.5 202.28 DOWN
ITC 285.65 282.12 278.58 287.77 289.88 284.23 279.56 UP
JETAIRWAYS 302.15 291.25 280.35 316 329.85 305.1 424.65 DOWN
JINDALSTEL 160.05 153.55 147.05 168 175.95 161.5 219.93 DOWN
JISLJALEQS 70 68.03 66.07 71.23 72.47 69.27 92.57 DOWN
JPASSOCIAT 6.75 6.57 6.38 7.02 7.28 6.83 14.14 DOWN
JSWENERGY 67.15 66.08 65.02 68.38 69.62 67.32 71.78 DOWN
JSWSTEEL 317.6 311.73 305.87 323.48 329.37 317.62 332.74 DOWN
JUBLFOOD 1228.95 1216 1203.05 1239.1 1249.25 1226.15 1254.22 DOWN
JUSTDIAL 494.3 485.07 475.83 504.77 515.23 495.53 500.95 DOWN
KOTAKBANK 1170.55 1155.73 1140.92 1182.68 1194.82 1167.87 1205.66 DOWN
KPIT 204.9 198.77 192.63 208.52 212.13 202.38 250.64 DOWN
KSCL 503.4 496.63 489.87 509.63 515.87 502.87 536.93 DOWN
KTKBANK 102.35 100.8 99.25 103.4 104.45 101.85 116.03 DOWN
L&TFH 131.5 129.28 127.07 134.03 136.57 131.82 158.14 DOWN
LICHSGFIN 460.2 454.12 448.03 465.97 471.73 459.88 495.86 DOWN
LT 1422 1411.47 1400.93 1431.27 1440.53 1420.73 1318.78 UP
LUPIN 844.9 834.1 823.3 855.25 865.6 844.45 835.94 UP
M&M 747.9 739.77 731.63 755.52 763.13 747.38 840.15 DOWN
M&MFIN 423 416.25 409.5 432 441 425.25 457.46 DOWN
MANAPPURAM 85 84.13 83.27 85.83 86.67 84.97 100.86 DOWN
MARICO 360.2 355.27 350.33 363.32 366.43 358.38 330.78 UP
MARUTI 7554.7 7435.42 7316.13 7625.87 7697.03 7506.58 8577.57 DOWN
MCDOWELL-N 637.15 629.27 621.38 642.87 648.58 634.98 622.12 UP
MCX 705.4 697.77 690.13 711.52 717.63 703.88 769.24 DOWN
MGL 840.35 831.7 823.05 851.9 863.45 843.25 884.72 DOWN
MOTHERSUMI 156.8 152.67 148.53 159.82 162.83 155.68 200.8 DOWN
MRF 68198.75 67634.14 67069.52 68736.69 69274.62 68172.07 72131.66 DOWN
MRPL 76.15 74.92 73.68 76.92 77.68 75.68 93.04 DOWN
MUTHOOTFIN 459.05 450.88 442.72 464.33 469.62 456.17 411.54 UP
NATIONALUM 65.8 64.77 63.73 66.52 67.23 65.48 69.06 DOWN
NBCC 56.55 55.57 54.58 57.97 59.38 56.98 81.27 DOWN
NCC 86.8 83.97 81.13 88.92 91.03 86.08 103.13 DOWN
NMDC 96.75 95.43 94.12 97.63 98.52 96.32 114.6 DOWN
NTPC 144.7 141.95 139.2 147.2 149.7 144.45 163.21 DOWN
OFSS 3408.65 3371.17 3333.68 3445.47 3482.28 3407.98 3943.31 DOWN
OIL 199.8 196.93 194.07 204.83 209.87 201.97 216.06 DOWN
ONGC 146.6 143.27 139.93 151.77 156.93 148.43 171.43 DOWN
ORIENTBANK 88.55 86.53 84.52 89.88 91.22 87.87 83.25 UP
PCJEWELLER 74.5 72.65 70.8 77.1 79.7 75.25 172.92 DOWN
PEL 2178.85 2130.23 2081.62 2244.73 2310.62 2196.12 2521.66 DOWN
PETRONET 220.05 214.15 208.25 223.35 226.65 217.45 225.88 DOWN
PFC 101.65 99.68 97.72 103.28 104.92 101.32 86.46 UP
PIDILITIND 1157.05 1145.2 1133.35 1168.8 1180.55 1156.95 1036.14 UP
PNB 71.25 70 68.75 72.35 73.45 71.1 87.73 DOWN
POWERGRID 182.45 179.92 177.38 183.92 185.38 181.38 194.2 DOWN
PTC 80.45 79.08 77.72 81.28 82.12 79.92 84.26 DOWN
PVR 1436.5 1421 1405.5 1447 1457.5 1431.5 1324.46 UP
RAMCOCEM 600.15 589.6 579.05 618.6 637.05 608.05 707.05 DOWN
RAYMOND 808.15 796.5 784.85 821 833.85 809.35 883.51 DOWN
RBLBANK 558.35 551.13 543.92 567.28 576.22 560.07 530.56 UP
RECLTD 122.45 120.77 119.08 123.87 125.28 122.18 117.93 UP
RELCAPITAL 231.05 223.7 216.35 240.3 249.55 232.95 387.34 DOWN
RELIANCE 1109.75 1098.93 1088.12 1119.03 1128.32 1108.22 1042.01 UP
RELINFRA 352.2 345.5 338.8 360.05 367.9 353.35 407.44 DOWN
REPCOHOME 379.8 372.98 366.17 390.08 400.37 383.27 535.95 DOWN
RPOWER 30.1 29.48 28.87 31.08 32.07 30.47 34.78 DOWN
SAIL 58.05 56.63 55.22 60.08 62.12 58.67 75.5 DOWN
SBIN 286.4 281.58 276.77 289.23 292.07 284.42 270.19 UP
SHREECEM 15995.85 15809.17 15622.48 16103.42 16210.98 15916.73 16516.77 DOWN
SIEMENS 913.25 903.5 893.75 923.1 932.95 913.35 1029.2 DOWN
SOUTHBANK 14.9 14.57 14.23 15.12 15.33 14.78 21.1 DOWN
SREINFRA 33.4 32.98 32.57 33.93 34.47 33.52 62.44 DOWN
SRF 2072 2046.73 2021.47 2103.63 2135.27 2078.37 1907.66 UP
SRTRANSFIN 1109.45 1069.02 1028.58 1163.87 1218.28 1123.43 1334.9 DOWN
STAR 453.45 440.87 428.28 461.22 468.98 448.63 505.7 DOWN
SUNPHARMA 510.75 502.05 493.35 523.8 536.85 515.1 555.59 DOWN
SUNTV 602.4 594.17 585.93 610.22 618.03 601.98 805.83 DOWN
SUZLON 5.4 5.25 5.1 5.55 5.7 5.4 8.73 DOWN
SYNDIBANK 35.05 34.58 34.12 35.63 36.22 35.17 46.03 DOWN
TATACHEM 699.2 690.43 681.67 707.48 715.77 698.72 707.34 DOWN
TATACOMM 530.95 524.62 518.28 536.17 541.38 529.83 578.7 DOWN
TATAELXSI 994.15 969.27 944.38 1008.02 1021.88 983.13 1180.88 DOWN
TATAGLOBAL 217.65 214.13 210.62 220.03 222.42 216.52 252.74 DOWN
TATAMOTORS 181.75 177.68 173.62 185.13 188.52 181.07 283.35 DOWN
TATAMTRDVR 98.75 96.77 94.78 100.17 101.58 98.18 159.35 DOWN
TATAPOWER 75.55 74.53 73.52 76.48 77.42 75.47 77.11 DOWN
TATASTEEL 530.7 520.23 509.77 542.58 554.47 532.12 588.23 DOWN
TCS 1846.1 1800.4 1754.7 1875.9 1905.7 1830.2 1802.28 UP
TECHM 694.5 677.42 660.33 705.17 715.83 688.08 674.9 UP
TITAN 916.4 899.17 881.93 927.07 937.73 909.83 876.29 UP
TV18BRDCST 35.05 34.48 33.92 35.53 36.02 34.97 51.33 DOWN
TVSMOTOR 536.3 526.53 516.77 541.78 547.27 532.02 588.22 DOWN
UBL 1291.5 1270.63 1249.77 1313.68 1335.87 1292.82 1173.09 UP
UJJIVAN 216.8 210.57 204.33 221.67 226.53 215.43 342.59 DOWN
UNIONBANK 80.05 78.63 77.22 81.23 82.42 79.82 88.17 DOWN
UPL 773.1 760.75 748.4 782.7 792.3 770.35 686.52 UP
VEDL 195.8 191.18 186.57 200.23 204.67 195.62 252.42 DOWN
VGUARD 199.05 195.35 191.65 201.8 204.55 198.1 211.18 DOWN
VOLTAS 559.3 546.13 532.97 567.48 575.67 554.32 574.28 DOWN
WIPRO 318.45 307.43 296.42 324.68 330.92 313.67 291.22 UP
WOCKPHARMA 520.45 511.73 503.02 532.58 544.72 523.87 658.29 DOWN
YESBANK 187.9 182.75 177.6 192.5 197.1 187.35 312.17 DOWN
ZEEL 461.6 456.87 452.13 468.17 474.73 463.43 527.76 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 sluggish in Friday's trade. Key suppport seen at 30201 mark. Interweek strategy: Establish long positions only above 31101, targeting 31457 mark and then aggressive targets at 31901 with stop at 30001.
Silver prices traded rangebound in yesterday's trade. Interweek strategy: Establish short positions at CMP, targeting 35211 mark and then aggressive targets at 34251-34401 zone with stop at 37501.
Crude-oil prices were seen rebounding in yesterday's trade. Confirmation of strength only above 4001. Interweek strategy: Aggressive traders can look to establish long positions at CMP, targeting 4000 and then 4535 zone with stop at 3501.
Copper prices were seen trading range bound in yesterday's trade. Strength seen only above 442.50. Interweek strategy: Establish short positions between 437-442.50 zone, targeting 421 mark and then at 411-415 zone. Stop above 443.
Natural Gas prices slipped in Monday's trade. Interweek strategy: Establish long positions only between 289-291 zone, targeting 312 and then aggressive targets at 321-327.50 zone with stop at 281.
USD/INR at oversold zone. Support now seen at 70. Technically, oversold conditions prevail. Buying advised only above 71.45.
30562 30201 30000 31101 31901 Neutral
36140 36000 35221 37345 38381 Neutral
3700 3501 3277 4001 4535 Neutral
432 421 411 443 461 Neutral
292.00 289.00 275.00 312.00 335.00 Neutral
70.87 70.00 69.05 71.45 75.00 Positive
MCX Crude oil: Buy at CMP, targeting 4001 and then at 4501-4535 zone. Stop at 3501.
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 rallies in line with global markets. Surge in crude oil helps boost sentiments.
Gold prices were seen trading range bound in yesterday's trade. Hurdles now seen at 1245. Confirmation of major strength only above 1245. Interweek Strategy: Buy between 1209-1213 zone, targeting 1231 and then at 1242-1245 zone with stop below 1205.
Silver prices were trading with slight positive bias in yesterday's trade. Hurdles now seen at 15.05. Confirmation of major strength only above 15.45. Interweek Strategy: Sell at CMP, targeting 13.75 zone and then at 13.05 with stop above 15.11.
Crude-oil prices were seen attemting a rebound in yesterday's trade. Confirmation of strength only above 55. Inerweek strategy: Establish long positions at CMP, targeting 55 zone and then 60-61 zone with stop at 48.45.
EUR/USD was seen trading range bound in yesterday's trade. We have a negative bias on EUR/USD. Major weakness seen only below 1.1201. Selling on strength should be preferred strategy.
We have positive bias for US Dollar Index. Hurdles at 99. Aggressive upside targets seen at 101. Downside well supported at 95. Major weakness now only below 92.50.
Wall Street staged a major rebound in yesterday's trade following the worst Thanksgiving-week performance in seven years, as oil prices and global equities rally, and as U.S. shoppers begin to take advantage of deals offered by retailers on Cyber Monday.
1223 1211 1191 1231 1245 Neutral
14.39 13.75 13.05 15.05 16.09 Neutral
52.1 49 45 55 61 Neutral
1.1409 1.1201 1.1100 1.1505 1.1777 Negative
96.96 95.00 92.50 99.00 101.00 Positive
24598 24221 23751 25901 27201 Negative
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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
137.5 136.67 135.83 138.92 140.33 146 142.15 DOWN
1515 1477.23 1468.87 1561 1660 1151 1450.5 DOWN
5642 5543.33 5444.67 5739.33 5836.67 4478.71 6130 UP
4619 4568.33 4517.67 4702.33 4785.67 3869.18 4333 DOWN
432 427 421 439.52 442.28 444.77 443.85 UP
21690 21441 21001 22120 22340 21860.2 22620 DOWN
3698 3611 3545 3880.67 3938.33 4625.97 4204 UP
30555 30491.33 30373.67 30803.33 30997.67 30728.33 31235 DOWN
9136 8934 8732 9259 9382 8987.11 9830 DOWN
4461 4402.33 4343.67 4498.33 4535.67 4197.75 4669 DOWN
19405 19246.67 19088.33 19576.67 19748.33 17506.8 19480 DOWN
135.65 134 129 140.82 142.48 153.2 134.98 DOWN
1668.4 1653.07 1637.73 1683.07 1697.73 1488.93 1768.65 UP
292.6 286.3 272.4 318.3 336.4 203.92 254.1 UP
770.7 765.33 759.97 780.13 789.57 925.78 813.8 UP
4095 4073.33 4051.67 4117.33 4139.67 4053.61 4206 DOWN
36124 35901 35211 36874.66 37163.33 38623.61 37554 DOWN
3050 3050 3050 3050 3050 3614.83 3015 DOWN
3423 3412 3401 3434 3445 3514.09 3368 UP
187.7 186.15 184.6 188.6 189.5 197.6 180.6 UP
Tuesday27th November, 2018
Comfort Securities Ltd.
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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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