Comfort Securities Limited Daily Research Reports · 2018. 11. 27. · 7. 14th December RBI Board...

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Welcome Note

Tuesday27th November, 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 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



Technical Strategy


• 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.




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.



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


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



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%)


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 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



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



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


GOLD $

SILVER ($)

WTI CRUDE OIL ($ )

EUR/USD

Forecast and Analysis …Sailing global trend

Bias

DOW JONES

US Dollar Index



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


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

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



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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Comfort Securities Limited Daily Research Reports · 2018. 11. 27. · 7. 14th December RBI Board...

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