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Welcome Note

Thursday09th August, 2018

Stock Of The Day: (F & O)

Forecast and Analysis

CONTENTSCONTENTS



Title Page No.

'30,000 feet view’: The big picture of Dalal Street 04-07

Stock Of The Day: (F & O) 08-09

Equity Derivatives 10

Daily Pivot Table (Equities) 11

Forecast and Analysis 12-14

Daily Pivot Table (Commodities) 15

Disclaimer 16

'30,000 feet view’:

The big picture of Dalal Street

'30,000 feet view’:

The big picture of Dalal Street



'30,000 feet view’: newsletter provides insights and themes for Indian equity markets. We also try and cover international themes for the day. This newsletter is quite popular with traders as it covers the most preferred trading strategy for Sensex/Nifty for the day.

In Chart of the day section, we recommend a stock which is likely to move significantly in the short term, clearly defining the supports, the resistances and bias for the stock.

In a nutshell, '30,000 feet view’: covers themes and insights for the day.

‘30,000 feet view’: The big picture of Dalal Street

www.comfortsecurities.co.inEnjoy Your Comfort Zone.


Nifty Outlook

Intraday

Medium Term

Long Term

Key Levels to Watch

Nifty Support

Nifty Resistance

Pivot Level

Nifty

Outlook for the Day

INDICES

Nifty

Bank Nifty

Nifty Auto Index

Nifty FMCG Index

Nifty Infra Index

Nifty IT Index

Nifty Media Index

Nifty Midcap Index

Nifty Metal Index

Nifty Pharma Index

Nifty Reality Index

Nifty Smallcap Index

Sensex

SGX Nifty


Good Morning & Welcome to Thursday's trading action at Dalal Street, dated

9th of August 2018.

This morning, the frustrating news headlines is on the front pages gain!

Trade War!, Trade War!!, Trade War!!!

SGX Nifty is trading cautiously amidst report that China will match the U.S. and apply a

25% tariff on $16 billion worth of imported U.S. goods including crude oil, cars, coal,

diesel, medical equipment and steel products. In total, the tariffs will be applied on 333

products and will be implemented on Aug. 23, the same day similar U.S. tariffs on Chinese

goods will take effect.

Interestingly, until now, this bad news was leading to bullish price action at our stock

markets. But going forward its difficult to say how markets will react to the trade war issue.

We say so because, Nifty & Sensex are clearly at overbought technical conditions and most

importantly optimism is clearly missing; the market breath is still not in favor of bulls and

definitely not in tandem with Nifty's all-time-high milestone! The enthusiasm is missing

despite Bank Nifty touching a life-time high of 28,128.

Most importantly, the buying and the incremental follow-through in mid-cap and small-cap

universe is missing with totality.

The bulls camp would be definitely spying with one big eye for some positive triggers,

probably in form of some kind of resolution between U.S-China, that simply rips broader

markets higher.

Meanwhile, our call of the day suggests a sluggish trading action on cards and

Nifty may most likely struggle for direction in today's trade.

The real trading excitement quite unlikely.

STOCKS TO WATCH:

• Our chart of the day suggests establishing short positions in stocks like CESC,

MARUTI & Tata Global with interweek perspective.

• Bullish stocks: BAJAJ FINANCE, RELIANCE INDUSTRIES, BALKRISHNA

INDUSTRIES, HINDALCO, JSW STEEL, JINDAL STEEL & POWER, KPIT, JUBILANT

FOODS.

• Bearish stocks: ARVIND, CESC, DR REDDYS LAB, JUST DIAL, MARUTI, TATA

GLOBAL, MINDTREE, HEXAWARE, RELINFRA, RELIANCE CAPITAL.

• Show Me the Money: Sell CESC (CMP 931.35): Selling on early strength should be

the preferred strategy as immediate downside risk for CESC is placed at 905. The

stock ended on a negative note in yesterday's traduing session. Interweek Strategy:

Establish short positions between 937-942 zone, targeting 905 and then aggressive

targets located at 881-887 zone. Stop above 951.65.

• Lupin shares closed 5 per cent lower, after the drug maker reported a 43 per cent

fall in net profit for the April-June quarter, hurt by declining sales in the US and

Japan.

• Stocks banned in F&O segment for today: ADANI POWER, ADANI

ENTERPRISES, JET AIRWAYS & PUNJAB NATIONAL BANK

Q1 TO TRICKLE IN:

• Thursday: Sundram Fastner.

• Friday: Timken India, Dr. Lal Pathlabs,

11450 0.53%

28062 0.67%

10821 -0.32%

31303 0.52%

3160 0.31%

14608 -0.04%

2927 0.39%

5025 0.12%

3454 0.24%

9307 -0.68%

267 -0.06%

7555 0.30%

37888 0.59%

11484 -0.13%

Consolidation likely

Neutral (11391-11505)

Neutral (10551-11301)

Neutral (12001)

11391 & 11241

11501 & 11607

11001



Technical Strategy


FII & DII DATA:

• Foreign institutional investors (FIIs) bought shares worth Rs 568.63 crore while

domestic institutional investors bought shares worth Rs 30.25 crore in the Indian

equity market on Wednesday, as per provisional data available on the NSE.

IPO Note:

• Yesterday, CreditAccess Grameen's IPO or initial public offer opened for

subscription. CreditAccess Grameen is expected to raise Rs. 1,126-1,131 crore.

Price range has been set at Rs.418-Rs. 422 for public offer.

What Technical Tells Us on Nifty: Nifty ended Wednesday’s session with modest

gains, up 0.53% amidst breakout play after 2-3 days consolidation.

Nifty continues to settle at its record closing high at 11,450.

Hoewever, the market breadth, indicating the overall health of the market, was negative.

The BSE Mid-Cap index rose 0.16%. The BSE Small-Cap index rose 0.03%. Both these

indices underperformed the Sensex..

Technically speaking, the must watch support levels are placed at 11,391 & then at 11,241.

The technical landscape will worsen only if Nifty slips below the 10,901 mark as that would

open the door to massive technical selling, possibly quickly to the 10,451-10,501 zone.

Going forward, regardless of being at unchartered territory, Nifty’s weekly chart shows

that there's further room to go up, amidst latest breakout set-up after the long

consolidative phase. The momentum technical indicators are in bullish mode.

For the day, we believe, Nifty will trade with positive bias and aim to inch towards the

psychological 11,501 mark.

The price action for Nifty is suggesting that we are likely to see an 11,001-11,501 range in

near term with positive bias.

Outlook for Thursday: Nifty likely to struggle for direction.

Overnight, Wall Street was mostly lower, as investors grappled with a fresh round of tariff

clashes between the Trump administration and China.

Global cues:

• Wall Street in Wednesday's trade was trading with slight negative bias but the

Nasdaq Composite Index advanced 4.66 points, or less than 0.1%, to 7,888.33,

extending its series of wins to seven, its longest stretch of uninterrupted gains since

March 12.

• Interestingly, traders were seen digesting the re-imposition of sanctions against

Iran that had been waived under the Iran nuclear deal. It was an Obama-era

agreement that gave Iran sanctions relief in exchange for curbs on its nuclear

program. In May 2018, President Trump announced that he was backing out of the

Iran nuclear deal.

Commodity Cues:

In commodities, Oil prices closed at nearly 7-week low amidst a weaker-than-

expected drawdown in crude stockpiles and concerns that expected disruptions to

Iranian output, caused by U.S. sanctions against Tehran, were overestimated.

Meanwhile, concern over slowing economic growth because of a trade dispute

between the United States and China is keeping upside capped for oil prices.

SAIL

Action

Target

Support

Resistance

Holding Period

79.3

BUY

91

75/69

83.50/101

45 days

In Tuesday’s trade, Steel Authority (SAIL)

enjoyed a strong session, up 2.05%. In

yesterday's trade, Sail stock price was seen

consolidating, down 0.50 points.

Technically, SAIL is attempting a major rebound

on daily charts from an oversold zone.

The stock is still in consolidation mode and the

momentum oscillators will shift on buy mode on

any move above 85 and such up move needs to

be backed by increases in volumes.

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

Medium term supports seen at 67-70 zone.

Intermonth perspective: Establish long

positions at CMP, and on dips between 75-76.50

zone, targeting 85 zone and then at 92-95 zone

with strict stop at 72.45.




• In Wednesday’s trade, Gold prices were seen rangebound as the yellow metal found no catalysts to climb out of a recent downtrend.

• Copper prices too were seen inching up from an oversold zone, but still unable to stage a major rebound from its lowest level in a year.

Currencies & Bonds:

• It was an uninspiring day for the U.S. dollar in Wednesday’s trade. The U.S. dollar was struggling for a clear direction, following Friday's

July jobs report.

• USD/INR was in slipping in yesterday's trade amidst profit at higher levels. Key interweek support seen at 68.25. Hurdles now seen at 69.11.

Intraday Strategy: Buy between 68.45-68.55 zone, targeting 69.15 zone and then at 70.05 with stop below 68.21.

Macro Watch:

• All anxious eyes will continue to be on the progress on monsoon. The street will also keep a close eye on the movement of Indian Rupee and

the Crude-Oil prices as that could influence investors’ sentiment.

• Around 2.09 lakh ‘non-filers’ filed income tax returns in last fiscal and paid taxes worth Rs 6,416 crore, Minister of State for Finance Shiv

Pratap Shukla said. In a written reply to a question in the Rajya Sabha, he said the I-T department issued notices to 3.04 lakh persons who

had deposited cash of more than Rs 10 lakh post demonetisation but had not filed their return of income till the due date.

• RBI cancels licences of 368 NBFCs in first half of 2018. RBI’s move to cancel NBFC licences is being seen as an attempt to clean up the sector,

which has more than 11,402 entities.

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

Judging by early action at SGX Nifty, it’s likely that the benchmark Nifty will continue to trade with strength in today’s trading action. Buying on dips

with strict stop could be the order of the day.

Preferred trade on Nifty: Nifty (11450): Buy between 11391-11401 zone, targeting 11501 and then at 11525-11551 zone with stop at 11321.

Preferred trade on Bank Nifty: Bank Nifty (28062): Establish long positions between 27551-27651 zone, targeting 28251 zone and then at

28501-28751 zone with strict stop at 27251.

Daily Chart of Nifty:



Comfort stock of the day


When we want to see what's happening far off, we will reach for the binoculars. The binocular helps us to steer out of danger and also accurately spots our targets.

When it comes to trading / investing, that's exactly how Stock Of The Day: (F & O) introduces to the momentum stocks from the list of Future & Option segment, defining their support and resistance levels, and attempts to forecast their movement with a short /medium term perspective.


R2STOCKS LTP S1 S2 R1 TRADING STRATEGYBIAS


Invest Smart. Build Wealth. www.comfortsecurities.co.in


The recent sequence of higher high/low is intact for Balkrishna Industries. Key support at 1207. Intraday strategy: Establish long positions at CMP, targeting 1281 and then aggressive targets at 1301-1307 zone with stop at 1207.

HINDALCO is signaling a major rebound from an oversold zone on the daily charts. Positive intermonth bias as long as 202.50 support is held. Key intraday support seen at 211 zone. Key hurdles seen at 227.50. Interweek Strategy: Buy between 214-217 zone, targeting 227.50 and then at 232-237.50 zone. Stop below 210.

The interweek risk is on the upside with immediate targets at 217.50. Momentum oscillators signaling major strength. Interweek Strategy: Buy only on corrective declines to 207.50-209 zone, targeting 217.50 and then at 225-231 zone with stop below 204.45.

Selling on early strength should be the preferred strategy as immediate downside risk for CESC is placed at 905. The stock ended on a negative note in yesterday's traduing session. Interweek Strategy: Establish short positions between 937-942 zone, targeting 905 and then aggressive targets located at 881-887 zone. Stop above 951.65.

Overbought technical conditions prevail. Momentum oscillators in sell mode. Key hurdles at 9451. Interweek Strategy: Sell on early strength between 9245-9255 zone, targeting 9101 and then at 8895-8925 zone with stop above 9357.

Chart of the day: Balkrishna Industries. Confirmation of major strength above 1281.

BALKRISHNA INDUSTRIES

HINDALCO

VGUARD

CESC

MARUTI

1247 1231 1207 1281 1307 Positive

220.6 211 202.5 227.5 237.5 Positive

211.9 207.5 197.5 217.5 231 Positive

931.35 905 881 947.5 961 Negative

9207.4 9101 8895 9277 9451 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: In Wednesday's trade, the benchmark Nifty scaled fresh record highs following fresh gains at Wall

Street in Tuesday's trade. Interestingly, the gains at our stock markets were despite stumbling

Chinese indices and mixed trading seen around the rest of the region. The market breadth, indicating the overall health of the market, was negative. The BSE Mid-Cap index

rose 0.16%. The BSE Small-Cap index rose 0.03%. Both these indices were seen underperforming

Sensex. Reliance Industries led from the front and was star performer of the day, up 3.09% followed by ONGC,

up 2.85% and then ICICI Bank was up 1.63%. Hindalco traded firm after the company's US-based

subsidiary, Novelis, reported good earnings in June quarter while Lupin fell 4.75% after consolidated

net profit fell 43.11% to Rs 203.02 crore on 0.85% decline in net sales to Rs 3774.57 crore in Q1 June

2018 over Q1 June 2017. Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE Consumer Durables Index

(up 1.25%), BSE Bankex Index (up 0.78%), BSE Oil & Gas Index (up 0.72%).

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

0.33%), BSE Power Index (down 0.28%), BSE Auto Index (down -0.27%).

Amongst stock specific action, positive bias was seen in stocks like ONGC (up 3.13%), Reliance

(3.09%), Cipla (up 2.33%)

Among stocks drifting down were: Lupin (down 5.13%), Maruti (down 2.14%), Hindpetro (down

1.63%).

Maximum Call Open Interest (OI) stands at 11500 Strike Price, followed by 11400 Strike Price for

August Series. Short covering in calls for strike price 11450-11650 was seen for August expiry.

Maximum Put Open Interest (OI) was seen at strike price 11000 followed by 11,200 strike price for

August series. Put Writing continued at 11250-11450 strike price for August series.

As per Wednesday’s provisional data for cash available on the NSE, Foreign institutional investors

(FIIs) bought shares worth Rs. 568.63 crores. Domestic institutional investors bought shares worth

Rs. 30.25 crores in the Indian equity market.

Now for today's session, bulls will aim Nifty psychological 11,500 mark and also spy with one big eye

for some positive triggers that rips broader markets higher. All anxious eyes will be on the Trump administration which has confirmed that it would impose 25%

tariffs on $16billion in Chinese imports later this month. Highest OI Nifty: Calls 11500: 36.79 L - Puts 11000: 52.42

Highest OI Bank Nifty: Calls 28500: 7.28 L - Puts 26500: 7.30 L

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

Long Buildup: ASHOK LEYLAND, HINDALCO, NCC, RELINFRA, BHARAT FORGE.

Short Buildup: LUPIN, REC, HINDPETRO, DIVIS, INDIANB.

Short Covering: ADANI ENT, NALCO, OIL, TITAN, DCB BANK, BHARAT FIN.

Long Unwinding: TVS MOTORS, GRANULES, CESC, RAMCOCEM.

Stocks banned in F&O segment for today: ADANI ENT, ADANI POWER, JET AIRWAYS, PNB.

New In Ban: NIL.

Out of Ban: NIL.

Future Call: BUY RELIANCE INFRA AUGUST FUTURES at CMP 424.

Targets: 438 and then at 449. Stop: 414.50. Holding Period:

Intraday. Analyst’s Remark: Momentum Play (Reliance Infra August

Futures CMP 424).

Option Call: BUY BHARAT FINANCIAL AUGUST CE strike 1240 at

CMP 14.80. Profit: Unlimited. Maximum Loss per lot: Rs. 7400. Stop:

Exit Call Option if Bharat Financial closes below 1205. (Bharat

Financial August Futures CMP 1219.05).

11450 (+0.53%)

28062.45 (+0.67%)

12.5675 (-0.07%)

+21 vs +35

2.76 crores (+3.62%)

27.71 lakhs (-0.38%)

3056.8 3144.39

31854.28 32458.52

993827 562375

170669 16663

796014 55680

8099462 871952

652782 49532

9718927 993827

Calls in lakhs (%Change)

11500 36.79 (-5%)

11400 26.14 (-8%)

11600 25.56 (+3%)

Puts in lakhs (% Change)

11400 23.84 (+49%)

11300 41.25 (+25%)

11200 42.51 (+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 11450 11399.55 11349.1 11480.2 11510.4 11429.75 10585.53 UP

BANKNIFTY 28062.45 27904.58 27746.72 28174.48 28286.52 28016.62 25802.47 UP

NIFTYMID50 5025.9 5009.63 4993.37 5042.33 5058.77 5026.07 5152.49 DOWN

ACC 1536.3 1521.15 1506 1552.3 1568.3 1537.15 1573.52 DOWN

ADANIENT 199.65 182.87 166.08 212.57 225.48 195.78 156.7 UP

ADANIPORTS 374.6 370.65 366.7 377.55 380.5 373.6 395.06 DOWN

AJANTPHARM 1187.75 1147.52 1107.28 1211.42 1235.08 1171.18 1262.2 DOWN

ALBK 44 43.4 42.8 45.05 46.1 44.45 56.93 DOWN

AMARAJABAT 820.8 814 807.2 829.3 837.8 822.5 799.41 UP

ANDHRABANK 33.6 33.13 32.67 34.33 35.07 33.87 46.41 DOWN

APOLLOTYRE 272.55 270.1 267.65 276.4 280.25 273.95 267.19 UP

ARVIND 393.85 388.53 383.22 402.58 411.32 397.27 415.34 DOWN

ASHOKLEY 125.7 120.93 116.17 128.58 131.47 123.82 133.07 DOWN

ASIANPAINT 1425.75 1412.62 1399.48 1443.27 1460.78 1430.13 1210.01 UP

AUROPHARMA 610.85 603.77 596.68 621.92 632.98 614.83 631.38 DOWN

AXISBANK 596.3 589.23 582.17 601.13 605.97 594.07 538.59 UP

BAJAJ-AUTO 2660.6 2642.9 2625.2 2689.15 2717.7 2671.45 3015.47 DOWN

BAJAJFINSV 7051.6 6987.8 6924 7107.65 7163.7 7043.85 5469.35 UP

BAJFINANCE 2813.15 2770.22 2727.28 2837.87 2862.58 2794.93 1940.91 UP

BALKRISIND 1247.7 1227.5 1207.3 1261.45 1275.2 1241.25 1129.57 UP

BALRAMCHIN 72.55 70.07 67.58 76.12 79.68 73.63 103.43 DOWN

BANKBARODA 148.6 146.47 144.33 150.27 151.93 148.13 148.41 UP

BANKINDIA 94 92.93 91.87 95.48 96.97 94.42 130.76 DOWN

BATAINDIA 949.7 941.1 932.5 962.85 976 954.25 770.87 UP

BEL 120.95 116.77 112.58 123.47 125.98 119.28 147.15 DOWN

BEML 825.15 805.97 786.78 856.37 887.58 837.18 1222.9 DOWN

BERGEPAINT 312.95 311.38 309.82 315.23 317.52 313.67 269.41 UP

BHARATFIN 1212.8 1202.35 1191.9 1221.35 1229.9 1210.9 1082.08 UP

BHARATFORG 639.45 631.53 623.62 647.88 656.32 639.97 698.01 DOWN

BHARTIARTL 385.3 376.5 367.7 391 396.7 382.2 430.76 DOWN

BHEL 73.55 72.8 72.05 74.3 75.05 73.55 86.03 DOWN

BIOCON 566.3 560.87 555.43 575.87 585.43 570.43 569.45 DOWN

BPCL 387.3 381.02 374.73 395.72 404.13 389.43 445.45 DOWN

BRITANNIA 6301.4 6239.3 6177.2 6340.25 6379.1 6278.15 5255.58 UP

CANBK 288.45 285.33 282.22 292.73 297.02 289.62 304.99 DOWN

CANFINHOME 326.45 323.4 320.35 331.25 336.05 328.2 435.1 DOWN

CAPF 553.55 547.4 541.25 561.9 570.25 555.75 641.51 DOWN

CASTROLIND 159.15 157.97 156.78 160.92 162.68 159.73 187.84 DOWN

CEATLTD 1397.6 1379.83 1362.07 1422.53 1447.47 1404.77 1583.14 DOWN

CENTURYTEX 904.1 896.23 888.37 912.98 921.87 905.12 1171.2 DOWN

CESC 931.35 923.23 915.12 942.73 954.12 934.62 1003 DOWN

CGPOWER 57.65 56.22 54.78 59.37 61.08 57.93 77.78 DOWN

CHENNPETRO 332.15 326.12 320.08 336.27 340.38 330.23 359.25 DOWN

CHOLAFIN 1452.1 1434.62 1417.13 1467.02 1481.93 1449.53 1429.55 UP

CIPLA 632.55 622.28 612.02 644.13 655.72 633.87 594.58 UP

COALINDIA 276 274.02 272.03 278.72 281.43 276.73 280.79 DOWN

COLPAL 1148.85 1140.52 1132.18 1160.52 1172.18 1152.18 1109.95 UP

CONCOR 644.4 636.82 629.23 651.67 658.93 644.08 662.75 DOWN

CUMMINSIND 679.95 673.5 667.05 688.2 696.45 681.75 786 DOWN

DABUR 445.15 442.22 439.28 447.42 449.68 444.48 357.06 UP

DALMIABHA 2656.9 2628.12 2599.33 2680.07 2703.23 2651.28 2822.14 DOWN

DCBBANK 166.25 164.7 163.15 168 169.75 166.45 178.72 DOWN

DHFL 610.5 606.08 601.67 617.43 624.37 613.02 592.74 UP

DISHTV 68.1 67.3 66.5 68.7 69.3 67.9 74.44 DOWN

DIVISLAB 1131.95 1114.02 1096.08 1159.92 1187.88 1141.98 1076.29 UP

DLF 188.95 185.98 183.02 191.73 194.52 188.77 215.88 DOWN

DRREDDY 2245.5 2228.33 2211.17 2271.33 2297.17 2254.17 2217.44 UP

EICHERMOT 27593.15 27409.77 27226.38 27736.77 27880.38 27553.38 29127.16 DOWN

ENGINERSIN 132.85 131.32 129.78 134.67 136.48 133.13 160.95 DOWN

EQUITAS 145.65 143.15 140.65 149.35 153.05 146.85 147.52 DOWN

ESCORTS 876.5 867.5 858.5 886.2 895.9 877.2 840.29 UP

EXIDEIND 286.25 283.77 281.28 288.22 290.18 285.73 232.24 UP

FEDERALBNK 88.25 87.23 86.22 89.43 90.62 88.42 97.15 DOWN

FORTIS 142.5 140.83 139.17 145.43 148.37 143.77 144.45 DOWN

GAIL 377 373.87 370.73 381.07 385.13 377.93 347.27 UP

GLENMARK 587.2 582.38 577.57 592.83 598.47 588.02 568.16 UP

GMRINFRA 17.85 17.7 17.55 18.05 18.25 17.9 18.52 DOWN

GODREJCP 1304.15 1293.43 1282.72 1313.43 1322.72 1302.72 1088.18 UP

GODREJIND 618.6 611.77 604.93 629.22 639.83 622.38 584.64 UP

GRANULES 103.5 101.1 98.7 106.7 109.9 104.3 111.28 DOWN

GRASIM 1009.1 1000.27 991.43 1022.42 1035.73 1013.58 1102.95 DOWN

GSFC 113.9 112.82 111.73 115.32 116.73 114.23 129.7 DOWN

HAVELLS 681.45 673 664.55 687.35 693.25 678.9 537.95 UP

HCC 11.45 11.12 10.78 11.77 12.08 11.43 27.1 DOWN

HCLTECH 964.55 957.93 951.32 970.48 976.42 963.87 930.18 UP

HDFC 1984.6 1962.08 1939.57 1998.43 2012.27 1975.92 1824.49 UP

HDFCBANK 2136.35 2129 2121.65 2147.75 2159.15 2140.4 1948.82 UP

HDIL 22.75 22.28 21.82 23.28 23.82 22.82 42.48 DOWN

HEROMOTOCO 3299.05 3283.27 3267.48 3318.62 3338.18 3302.83 3597.19 DOWN

HEXAWARE 478.45 471.2 463.95 484.6 490.75 477.35 389.96 UP

HINDALCO 220.6 218.37 216.13 223.87 227.13 221.63 240.2 DOWN

HINDPETRO 282.7 278.83 274.97 288.88 295.07 285.02 357.8 DOWN

HINDUNILVR 1757.15 1731.33 1705.52 1772.98 1788.82 1747.17 1435.87 UP

HINDZINC 286.05 284.3 282.55 288.15 290.25 286.4 302.02 DOWN

IBREALEST 141.3 138.58 135.87 145.43 149.57 142.72 197.41 DOWN

IBULHSGFIN 1370.15 1361.17 1352.18 1380.02 1389.88 1371.03 1235.43 UP

ICICIBANK 318.7 311.3 303.9 323.05 327.4 315.65 301.7 UP

ICICIPRULI 412.95 408.07 403.18 418.92 424.88 414.03 398.15 UP

ICIL 83.5 82.25 81 84.55 85.6 83.3 97.02 DOWN

IDBI 62.25 61.18 60.12 63.03 63.82 61.97 63.57 DOWN

IDEA 55.35 54.77 54.18 55.97 56.58 55.38 78.17 DOWN

IDFC 48.85 48.32 47.78 49.52 50.18 48.98 54.14 DOWN

IDFCBANK 41.05 40.62 40.18 41.67 42.28 41.23 49.16 DOWN

IFCI 16.3 16.1 15.9 16.55 16.8 16.35 21.65 DOWN

IGL 291.4 285.08 278.77 299.08 306.77 292.77 294.66 DOWN

INDIACEM 116.8 113.85 110.9 121.55 126.3 118.6 149.65 DOWN

INDIANB 355.05 346.52 337.98 368.57 382.08 360.03 344.94 UP

INDIGO 1029.25 1004.3 979.35 1062.1 1094.95 1037.15 1211.87 DOWN

INDUSINDBK 2000.65 1984.92 1969.18 2015.57 2030.48 1999.83 1786.89 UP

INFIBEAM 189 184.87 180.73 191.82 194.63 187.68 160.4 UP

INFRATEL 290.45 285.57 280.68 293.92 297.38 289.03 339.91 DOWN

INFY 1362.75 1353.2 1343.65 1372.4 1382.05 1362.85 1145.83 UP

IOC 165.9 164.87 163.83 167.47 169.03 166.43 181.56 DOWN

IRB 195.65 193.38 191.12 198.53 201.42 196.27 229.62 DOWN

ITC 300.95 299.83 298.72 302.23 303.52 301.12 269.3 UP

JETAIRWAYS 294.2 287.77 281.33 303.57 312.93 297.13 587.13 DOWN

JINDALSTEL 217.1 214.53 211.97 219.33 221.57 216.77 221.22 DOWN

JISLJALEQS 84.95 83.5 82.05 86.55 88.15 85.1 108.45 DOWN

JPASSOCIAT 15 14.77 14.53 15.22 15.43 14.98 18.08 DOWN

JSWENERGY 67.6 66.33 65.07 68.83 70.07 67.57 78.36 DOWN

JSWSTEEL 342.75 339.87 336.98 345.32 347.88 342.43 298.2 UP

JUBLFOOD 1499.45 1485.57 1471.68 1515.87 1532.28 1501.98 1117.87 UP

JUSTDIAL 576.75 567.37 557.98 582.97 589.18 573.58 504.29 UP

KOTAKBANK 1288.3 1280.67 1273.03 1297.82 1307.33 1290.18 1147.72 UP

KPIT 303.05 300.25 297.45 306.75 310.45 303.95 225.15 UP

KSCL 594.45 589.05 583.65 601.8 609.15 596.4 529.37 UP

KTKBANK 123.15 119.82 116.48 125.87 128.58 122.53 132.78 DOWN

L&TFH 174.6 172.53 170.47 177.98 181.37 175.92 170.08 UP

LICHSGFIN 558.55 553.73 548.92 565.13 571.72 560.32 535.67 UP

LT 1298.25 1289.33 1280.42 1307.98 1317.72 1299.07 1302.16 DOWN

LUPIN 825.55 801.13 776.72 867.38 909.22 842.97 839.79 DOWN

M&M 928.3 921.88 915.47 936.83 945.37 930.42 796.18 UP

M&MFIN 498.6 486.9 475.2 507 515.4 495.3 466.66 UP

MANAPPURAM 111.05 110.2 109.35 111.95 112.85 111.1 108.9 UP

MARICO 361.65 359.25 356.85 364.3 366.95 361.9 321.34 UP

MARUTI 9207.4 9110.63 9013.87 9376.58 9545.77 9279.82 8948.89 UP

MCDOWELL-N 605.05 588 570.95 615.1 625.15 598.05 655.18 DOWN

MCX 875.3 868 860.7 885.3 895.3 878 834.57 UP

MGL 953.45 946.22 938.98 963.12 972.78 955.88 980.68 DOWN

MOTHERSUMI 305.4 298.63 291.87 311.03 316.67 304.27 337.31 DOWN

MRF 76650.1 76110.85 75571.6 77389.6 78129.1 76850.35 72613.44 UP

MRPL 80.55 79.58 78.62 81.93 83.32 80.97 110.33 DOWN

MUTHOOTFIN 419.95 414.73 409.52 426.43 432.92 421.22 423.1 DOWN

NATIONALUM 67.4 65.88 64.37 68.43 69.47 66.92 74.05 DOWN

NBCC 74.65 73.6 72.55 76.3 77.95 75.25 103.73 DOWN

NCC 95.55 93.92 92.28 96.82 98.08 95.18 115.47 DOWN

NMDC 113.6 111.53 109.47 115.28 116.97 113.22 123.54 DOWN

NTPC 158.25 157.32 156.38 159.47 160.68 158.53 168.59 DOWN

OFSS 3915.65 3880.72 3845.78 3941.37 3967.08 3906.43 3938.44 DOWN

OIL 216.3 212.73 209.17 219.43 222.57 215.87 229.37 DOWN

ONGC 172.5 169.1 165.7 174.4 176.3 171 180.08 DOWN

ORIENTBANK 78.15 77.17 76.18 79.47 80.78 78.48 101.25 DOWN

PCJEWELLER 91.7 88.93 86.17 93.73 95.77 90.97 299.34 DOWN

PEL 2876.25 2854.88 2833.52 2908.13 2940.02 2886.77 2613.59 UP

PETRONET 227.5 225.65 223.8 229.8 232.1 227.95 235.84 DOWN

PFC 81.8 80.08 78.37 84.23 86.67 82.52 100.13 DOWN

PIDILITIND 1119.3 1106.73 1094.17 1129.13 1138.97 1116.57 963.66 UP

PNB 80.45 79.13 77.82 82.68 84.92 81.37 124.9 DOWN

POWERGRID 189.5 188 186.5 190.85 192.2 189.35 198.81 DOWN

PTC 84.25 80.98 77.72 87.73 91.22 84.47 97.83 DOWN

PVR 1246.75 1215.98 1185.22 1282.53 1318.32 1251.77 1344.9 DOWN

RAMCOCEM 662.4 656.53 650.67 668.73 675.07 662.87 745.45 DOWN

RAYMOND 778.8 770.97 763.13 791.67 804.53 783.83 974.83 DOWN

RBLBANK 571.55 566.23 560.92 574.63 577.72 569.32 517.43 UP

RCOM 18.4 16.93 15.47 19.48 20.57 18.02 19.3 DOWN

RECLTD 111.05 107.67 104.28 116.17 121.28 112.78 134.45 DOWN

RELCAPITAL 434.65 427.8 420.95 440 445.35 433.15 450.15 DOWN

RELIANCE 1217.7 1194.3 1170.9 1231.8 1245.9 1208.4 957.99 UP

RELINFRA 418.7 411.67 404.63 423.87 429.03 416.83 449.15 DOWN

REPCOHOME 608.15 602.72 597.28 616.82 625.48 611.38 603.36 UP

RPOWER 33.75 33.15 32.55 34.2 34.65 33.6 39.17 DOWN

S&P500 2858.45 2855.1 2851.76 2862.61 2866.78 2859.27 2705.32 UP

SAIL 79.3 78.38 77.47 80.53 81.77 79.62 80.56 DOWN

SBIN 308.7 304.2 299.7 312.05 315.4 307.55 281.98 UP

SHREECEM 17309.6 17193.48 17077.37 17455.33 17601.07 17339.22 17126.16 UP

SIEMENS 1015.7 999.03 982.37 1038.63 1061.57 1021.97 1127.47 DOWN

SOUTHBANK 18.05 17.92 17.78 18.22 18.38 18.08 26.73 DOWN

SRF 1853.3 1824.53 1795.77 1879.53 1905.77 1850.77 1880.04 DOWN

SRTRANSFIN 1426.75 1409.87 1392.98 1444.27 1461.78 1427.38 1393.9 UP

STAR 414.85 386.33 357.82 433.63 452.42 405.12 630.95 DOWN

SUNPHARMA 574 566.08 558.17 580.13 586.27 572.22 537.22 UP

SUNTV 819.15 807.13 795.12 830.58 842.02 818.57 896.47 DOWN

SYNDIBANK 41.35 40.88 40.42 41.98 42.62 41.52 62.82 DOWN

TATACHEM 671.65 663.77 655.88 681.77 691.88 673.88 718.71 DOWN

TATACOMM 581.8 574.53 567.27 590.53 599.27 583.27 636.13 DOWN

TATAELXSI 1407.85 1385.07 1362.28 1426.57 1445.28 1403.78 1101.26 UP

TATAGLOBAL 236.35 234.1 231.85 239.55 242.75 237.3 271.36 DOWN

TATAMOTORS 255.15 251.92 248.68 258.32 261.48 255.08 353.78 DOWN

TATAMTRDVR 141.95 139.8 137.65 143.8 145.65 141.65 201.56 DOWN

TATAPOWER 69.45 68.75 68.05 70.5 71.55 69.8 83.56 DOWN

TATASTEEL 577.5 572.78 568.07 582.98 588.47 578.27 625.6 DOWN

TCS 1974 1964.57 1955.13 1980.87 1987.73 1971.43 1578.39 UP

TECHM 653.9 647.3 640.7 663.7 673.5 657.1 602.51 UP

TITAN 935 925.17 915.33 940.67 946.33 930.83 862.36 UP

TV18BRDCST 49.45 48.4 47.35 51.05 52.65 50 56.23 DOWN

TVSMOTOR 532.8 526.57 520.33 541.02 549.23 534.78 652.69 DOWN

UBL 1160.9 1150.17 1139.43 1173.32 1185.73 1162.58 1102.57 UP

UJJIVAN 379.8 375.85 371.9 385.55 391.3 381.6 380.26 DOWN

ULTRACEMCO 4244.1 4203.57 4163.03 4272.32 4300.53 4231.78 4093.77 UP

UNIONBANK 85.05 83.82 82.58 87.02 88.98 85.78 115.48 DOWN

UPL 647.85 641.92 635.98 653.77 659.68 647.83 715.05 DOWN

VOLTAS 592 576.33 560.67 603.83 615.67 588.17 593.03 DOWN

WOCKPHARMA 603.1 590.13 577.17 613.53 623.97 600.57 737.58 DOWN

YESBANK 382.75 379.62 376.48 385.82 388.88 382.68 331.1 UP

ZEEL 530.7 525.02 519.33 538.57 546.43 532.88 564.44 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



In Monday's trade, MCX Gold was seen trading sideways. Bias continues to be neutral. Confirmation of strength above 30101. Interweek Strategy: Establish long positions only above 30101, targeting 30501 and then at 30700-30711 zone. Stop 29411.

Silver prices too were seen trading rangebound. Major buying advised only above 39953. Interweek Strategy: Establish long positions only above 38721, targeting 39251-39451 zone and then at 39953 mark. Stop 37201.

Bias changes to negative. Key support now at 4328. Intraday strategy: Sell at CMP, targeting 4300-4328 zone and then 4100-4220 zone with stop at 4702.

Copper prices were trading subdued in Wednesday's trade. Support now seen at 409. Confirmation of strength only above 441. Interweek strategy: Establish long positions at CMP, targeting 441 and then at 449-455 zone with stop at 405.

Natural gas initial target achieved at 201 in Wednesday's trading action.. Bias shifts to neutral. Buying on dips should be preferred strategy.

USD/INR suffered from some weakness in Wednesday's trade. Key interweek support seen at 68.25. Hurdles now seen at 69.11. Intraday Strategy: Sell at CMP, targeting 68.45 and then aggressive targets at 68.30 with stop at 68.91.

29486 28751 28200 29900 30600 Neutral

37895 37201 36800 38501 40201 Neutral

4567 4328 4220 4702 4900 Negative

418 409 393 441 461 Neutral/Positive

202.50 185.00 179.00 201.00 225.00 Neutral

68.64 68.25 67.75 68.84 69.65 Neutral/Negative

Weakness in crude oil price. Sell with stop at 4702.

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



Crude oil comes in negative territory. Initial downside risk till 64.

Gold prices recovered in Wednesay's trade. Hurdles now seen at 1245. Confirmation of strength only above 1261. Support seen at 1201-1205 zone.

Silver prices too recovered in Tuesday's trade, tracking gold prices. Confirmation of strength only above 16.21. At the moment downside risk remains at 15.05.

Crude-Oil prices plummeted in Wednesday's trade. Interweek strategy: Exit long positions and establish short positions at CMP, targeting 64 zone and then at 59.50 zone with stop at 69.

The EUR/USD traded with some positive bias in Wednesday's trade. Technically, the bias continues to be neutral with key support to watch on EUR/USD at 1.1505. Hurdles seen at 1.1901.

We change our bias to neutral for US Dollar Index.Hurdles at 97.50. Downside well supported at 92.50. Major weakness now only below 92.50.

Dow Jones consolidated a bit in Wednesday's trading action. Key support now seen at 25199. Bias remains positive.

1217 1201 1187 1245 1261 Neutral

15.38 15.05 14.21 16.21 17.09 Neutral

66.47 64 59 69 72 Negative

1.1594 1.1505 1.4445 1.1901 1.2205 Neutral

95.06 92.50 89.25 97.50 99.00 Neutral

25575 23405 22501 26125 27001 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

144.1 138.68 137.92 140.78 142.12 142.82 142.9 DOWN

1087 1082.67 1078.33 1090.67 1094.33 1028.74 1114.75 UP

4643 4608.33 4573.67 4666.33 4689.67 4235.77 4531 DOWN

4159 4112 4065 4186 4213 3972.54 4314 UP

418.1 416.17 414.23 420.37 422.63 448.83 430.47 DOWN

23970 23890 23790 24120 24250 20631.95 23590 DOWN

4566 4501 4245 4645 4826.67 4236.65 4876 DOWN

29567 29543.33 29489.67 29692.33 29787.67 30176.5 29865.5 DOWN

9527 9357 9187 9631 9735 8680.08 9224 DOWN

4364 4276.33 4188.67 4415.33 4466.67 4007.65 4254 UP

19635 19470 19305 19900 20165 17738.35 19585 UP

146.6 146.1 145.15 147.85 148.65 159.71 151.7 UP

1595 1533.2 1514.6 1566.2 1580.6 1454.25 1463 DOWN

202.4 197.53 196.17 205 215 188.18 191.35 UP

959.6 940.2 929.5 958 965.1 884.2 959.9 UP

4097 4078 4059 4112 4127 4002.53 4176 DOWN

37850 37765.66 37648.33 38089.66 38296.33 39002.77 38639 DOWN

2709 2709 2709 2709 2709 3619.22 2651 DOWN

3393 3381.67 3370.33 3406.67 3420.33 3428.81 3321 UP

181 179.1 177.65 181.6 182.65 208.2 182.7 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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