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Welcome Note
Tuesday16th October, 2018
Stock Of The Day: (F & O)
Forecast and Analysis
CONTENTSCONTENTS
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Title Page No.
'30,000 feet view’: The big picture of Dalal Street 04-07
Stock Of The Day: (F & O) 08-09
Equity Derivatives 10
Daily Pivot Table (Equities) 11
Forecast and Analysis 12-14
Daily Pivot Table (Commodities) 15
Disclaimer 16
'30,000 feet view’:
The big picture of Dalal Street
'30,000 feet view’:
The big picture of Dalal Street
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'30,000 feet view’: newsletter provides insights and themes for Indian equity markets. We also try and cover international themes for the day. This newsletter is quite popular with traders as it covers the most preferred trading strategy for Sensex/Nifty for the day.
In Chart of the day section, we recommend a stock which is likely to move significantly in the short term, clearly defining the supports, the resistances and bias for the stock.
In a nutshell, '30,000 feet view’: covers themes and insights for the day.
‘30,000 feet view’: The big picture of Dalal Street
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Nifty Outlook
Intraday
Medium Term
Long Term
Key Levels to Watch
Nifty Support
Nifty Resistance
Pivot Level
Nifty
Outlook for the Day
INDICES
Nifty
Bank Nifty
Nifty Auto Index
Nifty FMCG Index
Nifty Infra Index
Nifty IT Index
Nifty Media Index
Nifty Midcap Index
Nifty Metal Index
Nifty Pharma Index
Nifty Reality Index
Nifty Smallcap Index
Sensex
SGX Nifty
‘30,000 feet view’: The big picture of Dalal Street
Good Morning & Welcome to Tuesday's trading action at Dalal Street, dated
16th of October 2018.
Early action at SGX Nifty is indicating that Dalal Street is set for a uninspiring session, most
probably little bit up in morning action, and then a bit down and there for the afternoon —
and then finally up again.
Our call of the day suggests, it will be interesting to see if Nifty is able to clear its next big
hurdles at 10,551 mark. Please note the street is battling a flurry of threats like:
1. Unabated foreign fund outflows.
2. Boiling Oil prices.
3. The weakening India Rupee.
4. U.S China trade war.
5. Rising U.S 10- year treasury notes.
6. A slowdown in China.
7. European political woes.
8. Geopolitical tensions. (Saudi Arabia- U.S.)
Outlook for Tuesday: Positive session likely!
In today's trade commanding attention would be INFY's Q2. The street will spy with one
big eye if on backdrop of steep rupee depreciation, INFY is able to revise its revenue
growth guidance for FY19, outlook on BFSI space, performance of digital vertical and
upward estimate in margins.
Infosys’ numbers will also be important from the market point of view, given that the Nifty
IT index has outperformed Nifty50 severely in last five successive quarters.
Meanwhile, the other prominent firms announcing Q2 this week are
• Tuesday: CRISIL, FEDERALBNK, HEROMOTOCO, INFY
• Wednesday: ACC, CYIENT, DCBBANK, HAVELLS, MINDTREE, MPHASIS, NIITTECH,
RELIANCE.
• Thursday: MPHASIS, MUTHTFN
• Friday: ULTRACEMCO
• Saturday: HDFCBANK, NELCO
STOCKS TO WATCH:
• Our chart of the day suggests establishing long positions in stocks like Jubilant
Foods, Aurobindo Pharma, and SUN Pharma with interweek perspective.
• Bullish stocks: GAIL, SUN PHARMA, AUROBINDO PHARMA, BIOCON, VOLTAS,
ESCORTS, JUBILANT FOODS, YES BANK, BAJAJ FINANCE.
• Bearish stocks: HCC, TATA MOTORS, RCOM.
Show Me the Money: Buy AUROBINDO PHARMA (753): Aurobindo Pharma is
aiming to move above its 15-day higher consolidation zone. Interweek Strategy:
Buy at CMP, targeting 767.50 and then more aggressive targets located at 795-
801 zone. Stop below 739.
• Stocks banned in F&O segment for today: IDBI, ADANI POWER
GLOBAL CUES:
• Wall Street ended slightly lower on Monday, amidst caution following last week’s
10513 0.38%
25388 -0.03%
9035 -0.55%
28331 0.63%
2888 -0.24%
14797 1.77%
2600 1.30%
4592 0.68%
3424 -0.42%
9774 2.61%
210 0.14%
6111 1.44%
34865 0.38%
10513 -0.06%
Buy on dips.
Positive (10451-10575)
Neutral (9950-10901)
Neutral (11901)
10451 & 10401
10551 & 10775
9750
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Technical Strategy
‘30,000 feet view’: The big picture of Dalal Street
performance when stocks had their worst five days in seven months. The Dow
Jones index ended lower sparked in part by rising U.S. interest rates and as Apple
was down sharply on China worries.. Dow faces major hurdles at 27200.
FII/DII & OPTIONS DATA:
• As per Monday’s Provisional Data available on the NSE, FII’s bought shares worth
Rs. 67.86 crores in the Indian Equity Market. DIIs too bought shares worth Rs.
294.78 crores in the Indian Equity market.
• As per option data, key resistance level for the September series for Nifty are at
11,000 strike price as maximum call open interest of 48.49 lakh contracts were seen
at the 11,000 strike price. Key support level for the October series is at 10,000 as
Maximum Put open interest of 34.87 lakh contracts was seen at the 10,000 strike
price.
COMMODITY CUES:
• Crude oil prices gained marginally on Monday as tensions between the U.S. and
Saudi Arabia linked to a missing dissident journalist appeared to ease.
President Donald Trump was threatening “severe punishment” if an investigation
finds the kingdom in any way involved in the disappearance of dissident Saudi
journalist Jamal Khashoggi, who was last seen entering the Saudi consulate in
Istanbul on Oct. 2.
• Copper prices were seen trading rangebound in yesterday's trade. Interweek
strategy: Establish long positions only on dips between 447-449 zone, targeting 465
mark and then at 479 with stop at 429.
• Gold price ended slightly lower in Monday's trade. Key medium term suppport seen
at 31201 mark. Interweek strategy: Establish long positions between 31751-31901
zone, targeting 32451 mark and then aggressive targets at 32851-32901 with stop
at 31201.
MACRO WATCH:
• The government released the trade deficit data for September after market hour on
Monday. Exports entered negative zone after five months, declining 2.15% in
September on a yearly basis, the data showed. Imports, however, went up by
10.45% in September.
• The WPI based on wholesale price index stood at 5.13% in September as compared
to 4.53% in August.
• The IMF forecasts India's economy could grow 7.3% in the fiscal year ending in
March 2019, versus 6.7% in the last.
• Consumer inflation which stood at 3.77% in September, as against 3.69% in the
previous month. The retail inflation figure were lower than economists' estimates.
• Factory activity growth - determined by the Index of Industrial Production (IIP) -
stood at 4.3% in August, slowing down from 6.6% in the previous month.
• The landscape is bit scary especially on the escalating trade tension between U.S-
China. This catalyst could be the real villain rattling worldwide stock markets. The
heightened tensions between U.S. -China could not only hamper U.S. economic
growth but derail the global economy at large. At the time of writing, a tit-for-tat
tariff battle between Beijing and Washington remains intact.
• The upcoming assembly elections in five states: Madhya Pradesh,
Rajasthan, Chhattisgarh, Mizoram and Telangana. While Chhattisgarh will go to the
Sun Pharmaceuticals was established in 1983 and is
now the largest pharmaceutical company in India
and fifth largest generic company in US. Currently
the company has presence in more than 100
countries across branded and generic market. It has
portfolio of 2000 products across the world with
32,000 plus global employee base. The company has
capacity across dosage forms injectables, sprays,
ointments, creams, liquids, tablets and capsules.
The company has long history of many acquisitions
and prominent among them is Ranbaxy in 2015. The
firm has impressive track record of organic and as
well inorganic growth.
Technically, brace yourselves for a major rebound
play from a complex ‘lower consolidation pattern’ on
the weekly charts. An impulse uptrend is seen
forming on the monthly time scale with recent
sequence of higher high/ higher low pattern on
weekly charts, with positive SAR series, major
confirmation above its intermediate-high at 681
mark. The positive takeaway from recent price
action is that the stock price was seen
outperforming, despite broader markets remaining
volatile. Add to that a bullish divergence and a rising
stochastic signal (on weekly charts) with recent
increase in volumes signaling a larger rebound. The
200 days Exponential Moving Average (EMA) of the
stock on the daily chart is currently at 571. The level
of Rs 571 will act as a strong support and this could
be used to buy aggressively in case of any corrective
declines from current levels.
A potential entrance exists at CMP, as the stock is
likely to run towards 645-651 mark. Aggressive 5
months targets placed at 750 mark. Place stops
below 579.
SUN PHARMA
Action
Target
Support
Resistance
Holding Period
600
BUY
645
581/575
645/681
21 Days.
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‘30,000 feet view’: The big picture of Dalal Street
polls in two phases on November 12 and 20, the Madhya Pradesh and Mizoram Assembly elections will be held on November 28. Polling in
Rajasthan and Telangana will be held on December 7. Counting of votes will be held across all the five states on December 11.
CURRENCIES & BONDS:
• As on Monday's close, the Indian Rupee snapped its three-session gaining streak to end 26 paise lower at 73.83 against the US dollar. Rising
crude prices amidst intensifying geopolitical tensions was seen as the key catalyst.
What Technical Tells Us on Nifty:
The benchmark Nifty staged a modest recovery in Monday's trade, up 0.51%. The positive takeaway was that the benchmark Nifty did pick up the
bullish baton from Friday's spectacular close, and most importantly ended above the psychological 10,500 mark. Also, the gains at our stock
markets were despite an extreme bleak Asian markets.
Technically speaking, key support for the day on Nifty is at 10,471 mark. The technical landscape will worsen further if Nifty closes below the
10,401 mark as that would open the door to massive technical selling, possibly quickly towards the 10,001-10,101 zone.
The intraday bias is neutral/positive and buying on any corrective decline should be the preferred strategy.
The make or break hurdles are at 10,551 mark.
The best way to trade this market is to establish long positions only on any intraday corrective declines to 10451-10475 zone with strict below
10391 mark. But please note, this market has much work to do to be on the ultra-bullish side again, so the best strategy is buy aggressively
above 10,551 mark.
The price action for Nifty is suggesting that we are likely to see an 10,301-10,811 range in near term with Positive bias.
Bulls Vs. Bears: Time to Pick a Side!!
Volatility likely to be the hallmark of today's trade.
Preferred trade on Nifty: Nifty (10513): Buy between 10451-10475 zone, targeting 10551 zone and then aggressive targets at 10701-10751
zone with stop at 10391.
Preferred trade on Bank Nifty: Nifty (25388): Buy between 25001-25101 zone, targeting 26001 zone and then aggressive targets at 25445-
26501 zone with stop at 24411.
Daily Chart of the day
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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)
Aurobindo Pharma is aiming to move above its 15-day higher consolidation zone. Interweek Strategy: Buy at CMP, targeting 767.50 and then more aggressive targets located at 795-801 zone. Stop below 739.
Granules is signaling a major rebound from an oversold zone on the daily charts. Key support seen at 89 zone. Key hurdles seen at 101.25. Interweek Strategy: Buy between 95-97 zone, targeting 101.50 and then at 105-109 zone. Stop below 92.50.
The interweek risk is on the upside with immediate targets at 1221. Momentum oscillators signaling major strength. Interweek Strategy: Buy at CMP, targeting 1221 and then at 1265-1271 zone with stop below 1145.
Momentum oscillators continue to signal strength. RIL is aiming to move towards the psychological 1200 mark. Interweek Strategy: Buy between 1109-1121 zone, targeting 1171 and then more aggressive targets located at 1201-1211 zone. Stop below 1101.
VOLTAS is seen consolidating at extremely oversold zone on daily charts. Key intraday support seen at 491. Interweek Strategy: Buy between 491-495 zone, targeting 525 and then at 551-557.50 zone. Stop below 483.
Aurobindo Pharma: The technicals are aggressively bullish. Aggressive interweek targets at 801.
AUROBINDO PHARMA
GRANNULES
JUBILANT FOODS
RELIANCE INDUSTRIES (RIL)
VOLTAS
752.75 741 713 767.5 801 Positive
98.55 95 89 101.5 109 Positive
1176 1151 1117 1221 1271 Positive
1139.75 1105 1071 1151 1211 Positive
500.15 491 474 525 557.5 Positive
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EQUITY DERIVATIVESLooking into the future from present.
Changes in Open Interest (OI) in yesterday’s trade.
Nifty Spot
Bank Nifty Future
VIX
Premium
Nifty Future OI
Bank Nifty Spot OI
BSE Cash Vol. (Rs. in Cr)
NSE Cash Vol.(Rs. in Cr)
NSE Derivative Vol. (Rs. in Cr)
Index Future Volumes
Stock Future Volumes
Index Option Volumes
Stock Option Volumes
Total
Cash Volumes (INR in Cr.)
YesterdayDay Before Yesterday
Derivatives Vol.(INR in Cr.)
No of contracts
Turnover (Rs. In cr.)
Major Changes in Nifty Options (OI)
Market Summary:
Despite a volatile session, the benchmark Nifty zoomed in final hours of trade, up 0.38%
at 10512.50. The sectorwise scenario was a mixed bag where Pharma, IT were
predominantly in green whereas Auto, Metals, Private Banks, Infrastructure were in mild
red.
Amongst Broader Indices, the BSE Midcap Index was up 0.62%. The BSE Smallcap Index
was up 1.37%. Both the Indices were seen outperforming the Sensex.
Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE Healthcare
Index (up 2.22%), BSE IT Index (up 2.17%), BSE Teck Index (up 1.96%).
Amongst the sectoral indices, underperforming the Sensex/Nifty were BSE Consumer
Durables Index (down 1.21%), BSE Auto Index (down 0.46%), BSE Metal Index (down
0.36%).
Amongst stock specific action, positive bias was seen in stocks like DR REDDY (up
4.76%), CIPLA (up 3.97%), INFY (up 3.64%)
Among stocks drifting down were: HINDPETRO (down 2.84%), BAJFINSERV (down
2.64%), HUL (down 2.49%)
Maximum Call Open Interest (OI) stands at 11000 Strike Price, followed by 107 0 0
Strike Price for October Series. Short covering in calls was seen at 10500-10750 strike
prices for October Series.
Maximum Put Open Interest (OI) was seen at strike price 10000 followed by 10400 strike
price for October series. Short built up in Puts was seen between 10200-10500 strike
price for October Series.
As per Monday’s Provisional Data available on the NSE, FII’s bought shares worth Rs.
67.86 crores in the Indian Equity Market. DIIs too bought shares worth Rs. 294.78 crores
in the Indian Equity market.
Highest OI Nifty: Calls 11000: 48.49 L - Puts 10000: 34.87
Highest OI Bank Nifty: Calls 26500: 5.41 L - Puts 24500: 7.48 L
Change in Stock Open Interest (OI) in previous day’s trade.
Long Buildup: GRANULES, LUPIN, NMDC, HCL TECH, UPL.
Short Buildup: M&M, HUL, L&T, PIDILITE.
Short Covering: ITC, BPCL, HINDALCO, MOTHERSON, HEXAWARE.
Long Unwinding: ESCORTS, PVR, VOLTAS.
Stocks banned in F&O segment for today: ADANI POWER, IDBI.
New In Ban: NIL.
Out of Ban: NIL.
Future Call: BUY UPL OCTOBER FUTURES at CMP 637. Targets at
651 and then at 660. Stop: 627. Holding Period: Intraday. Analyst’s
Remark: Momentum Play (UPL OCTOBER Futures CMP 637).
Option Call: BUY NIFTY OCTOBER CE strike price 10600 at CMP 88.
Profit: Unlimited. Maximum Loss: Rs. 6,600. Stop: Exit Call Option if
Nifty moves below 10345. (Nifty October Futures CMP 10520.20).
10512.50 (+0.38%)
25388.05 (-0.031%)
18.885 (+1.38%)
+07 vs +10
1.98 crores (+2.77%)
14.54 lakhs (+1.16%)
2303.92 3015.85
27469.03 34134.39
692766 634995
290743 25068
773668 49165
6208555 574354
624271 44180
7897237 692766
Calls in lakhs (% Change)
10500 24.88 (-3%)
10700 32.81 (+20%)
10600 23.71 (-2%)
Puts in lakhs (% Change)
10400 24.37 (+11%)
10300 22.6 (+5%)
10200 25.77 (+5%)
Tuesday16th October, 2018
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DAILY PIVOT TABLE
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Instrument Close S1 S2 R1 R2 200 Day SMA Reversal Point Trend
All level indicated above are based on cash market prices.
Pivot Point
PP : Pivot Point : This is trigger point for weekly buy/sell based on the price range of the previous week.R1 : Resistance one : 1st Resistance over PP. R2 : Resistance two : 2nd Resistance over R1.S1 : Support one : 1st support after PP. S2 : Support Two : 2nd support after S1.
As per the tool, the trader should take BUY position just above PP and keep the stop loss of PP and the first target would be R1.If R1 is crossed then R2 becomes the next target with the stop loss at R1.
Similarly if price goes below PP the trader should SELL and keep the PP as Stop loss and the first target would be S1.
If S1 is crossed then S2 becomes the next target with the stop loss at S1.This is a trading tool. The key to use of this tool is the use of STOP LOSS.
Tuesday16th October, 2018
NIFTY 10512.5 10365.62 10535.92 10858.43 10779.59 10442.26 10887.65 DOWN
BANKNIFTY 25388.05 25086.13 25594.88 25461.53 26089.18 25217.34 26197.67 DOWN
NIFTYMID50 4592.3 4499.75 4603.2 4734.91 5108.74 4554.34 4780.6 DOWN
ACC 1523.15 1463.75 1526.2 1531.38 1535.14 1492.64 1608.14 DOWN
ADANIENT 152.45 140.83 146.13 140.5 129.53 148.22 163.06 DOWN
ADANIPORTS 321.25 317.48 328.33 339.25 384.37 322.47 350.82 DOWN
AJANTPHARM 1030 1007.67 1042.87 1086.92 1228.22 1027.56 1144.54 DOWN
ALBK 37.7 35.6 36.95 37.15 48.78 36.86 39.17 DOWN
AMARAJABAT 763.2 726.93 742.88 757.43 807.94 753.69 812.96 DOWN
ANDHRABANK 26.4 25.78 26.58 28.48 39.31 26.22 29.16 DOWN
APOLLOTYRE 216.6 211.03 221.03 220.31 265.85 214.09 235.77 DOWN
ARVIND 332.1 324.62 335.37 342.48 403.25 326.98 355.25 DOWN
ASHOKLEY 117.05 112.73 118.68 119.42 134.27 115.64 126.78 DOWN
ASIANPAINT 1250.3 1241.42 1273.47 1267.52 1245.3 1255.42 1337.45 DOWN
AUROPHARMA 752.75 723.45 756.1 761.16 633.28 743.18 700.26 UP
AXISBANK 576.55 576.35 597.85 596.11 556.39 579.22 636.27 DOWN
BAJAJ-AUTO 2620.45 2552.45 2671.3 2709.86 2904.11 2628.61 2828.87 DOWN
BAJAJFINSV 5634.25 5692.37 5922.47 5985.32 5756.31 5719.84 6172.89 DOWN
BAJFINANCE 2306.2 2236.4 2329.15 2298.73 2114.68 2270.45 2484.86 DOWN
BALKRISIND 1059.95 1026.73 1075.28 1069.46 1161.03 1050.11 1173.21 DOWN
BALRAMCHIN 101.35 92.47 97.82 83.01 86.15 100.79 77.64 UP
BANKBARODA 97.35 94.95 97.9 107.55 139.1 96.04 112.04 DOWN
BANKINDIA 77.45 76.25 78.3 82.38 108.89 78.04 89.53 DOWN
BATAINDIA 929.5 906.12 939.92 948.25 821.67 933.74 983.92 DOWN
BEL 87.25 84.43 87.03 82.47 128.99 85.43 87.38 DOWN
BEML 623.25 586.4 605.35 646.82 1024.88 609.56 678.21 DOWN
BERGEPAINT 281.95 280.1 286.85 289.06 280.46 283.52 307.15 DOWN
BHARATFIN 1007.75 999.7 1034.25 1050.4 1110.11 979.83 1095.01 DOWN
BHARATFORG 580.95 560.47 585.37 607.95 683.33 572.23 630.66 DOWN
BHARTIARTL 291.1 285.6 293.55 334.75 398.07 286.9 329.5 DOWN
BHEL 75.85 73.95 76.4 72.82 82.41 74.68 79.38 DOWN
BIOCON 626.3 597.1 617.85 651.03 610.92 620.18 688.57 DOWN
BPCL 296.35 280.77 296.37 332.83 409.87 289.81 347.94 DOWN
BRITANNIA 5671.6 5656.2 5823.9 5760.29 5556.21 5733.54 6149.59 DOWN
CANBK 229.85 228.18 233.78 235.65 277.92 231.83 252.25 DOWN
CANFINHOME 245.95 237.1 256.1 263.08 396.16 248.75 301.5 DOWN
CAPF 488.8 477.42 501.37 518.53 613.08 482.78 529.71 DOWN
CASTROLIND 143.9 141.85 146.55 146.74 177.43 143.27 151.58 DOWN
CEATLTD 1110 1077.08 1115.53 1188.73 1484.93 1101.19 1224.74 DOWN
CENTURYTEX 816.6 764.3 841.8 836.42 1074.3 805.59 868.11 DOWN
CESC 904.55 864.97 928.87 897.54 987.21 913.87 960.38 DOWN
CGPOWER 40.9 39.95 41.05 46.67 70.86 40.09 47.75 DOWN
CHENNPETRO 256.9 251.72 263.77 271.04 328.84 259.43 290.94 DOWN
CHOLAFIN 1193.8 1134.43 1224.48 1207.31 1445.5 1181.06 1312 DOWN
CIPLA 647.85 614.6 629.2 649.87 603.54 640.07 673.08 DOWN
COALINDIA 275.65 271.43 282.83 274.08 281.6 276.56 296.01 DOWN
COLPAL 1098.3 1091.27 1107.72 1091.77 1124.85 1106.45 1129.67 DOWN
CONCOR 604.6 597.2 615.2 620.41 654.87 608.12 677.55 DOWN
CUMMINSIND 709.2 672.17 688.67 693.43 752.35 702.78 717.81 DOWN
DABUR 396.35 399.63 413.73 431.08 379.87 399.45 450.62 DOWN
DALMIABHA 2083.95 2057.67 2161.37 2326.52 2698.71 2125.59 2387.57 DOWN
DCBBANK 162.25 153.08 167.68 154.59 174.26 160.77 170.13 DOWN
DHFL 281.6 284.17 306.17 371.19 571.05 284.33 392.26 DOWN
DISHTV 54.4 54.52 56.57 58.85 71.35 54.74 63.19 DOWN
DIVISLAB 1299.75 1262.55 1299.4 1323.22 1134.62 1292.79 1235.07 UP
DLF 156.8 155.22 160.57 174.58 210.08 159.51 188.85 DOWN
DRREDDY 2566.85 2424.98 2483.48 2513.6 2249.32 2539.75 2625.85 DOWN
EICHERMOT 23434.5 22870.17 24568.17 25019.67 28368.85 23284.62 26452.33 DOWN
ENGINERSIN 117.35 112.43 119.83 118.32 147.58 115.92 125.14 DOWN
EQUITAS 126.1 125.8 133.35 127.75 146.59 126.91 135.51 DOWN
ESCORTS 598.3 578.62 617.87 650.51 851.44 591.03 675.17 DOWN
EXIDEIND 263.3 253.58 258.88 261.33 247.05 261.72 281.5 DOWN
FEDERALBNK 75.8 72.42 74.67 72.72 89.59 74.37 78.37 DOWN
FORTIS 138.75 132.72 135.07 136.76 145.07 137.32 141.2 DOWN
GAIL 351.05 353.33 363.13 365.8 351.29 353.23 384.27 DOWN
GLENMARK 612.45 592.37 609.07 633.09 580.84 605.47 676.76 DOWN
GMRINFRA 16.6 16.08 16.98 16.84 18.56 16.35 19.11 DOWN
GODREJCP 729.95 701.97 734.87 772.53 795.58 717.27 791.22 DOWN
GODREJIND 490.45 469.53 490.53 520.04 582.97 479.67 540.73 DOWN
GRANULES 98.55 90.53 93.43 100.8 106.41 96.71 109.64 DOWN
GRASIM 897.9 882.43 904.38 987.6 1066.2 902.24 993.21 DOWN
GSFC 95.7 91.1 94.8 99.24 121.83 94.04 105.43 DOWN
HAVELLS 599.75 586.72 603.07 616.07 567.77 589.45 664.71 DOWN
HCC 12.85 11.87 12.72 12.33 21.88 12.42 14.01 DOWN
HCLTECH 1002.95 970.77 1003.27 1072.14 970.62 988.04 1084.41 DOWN
HDFC 1732.9 1702.7 1749.7 1776.52 1856.74 1732.68 1873.93 DOWN
HDFCBANK 2008.05 1950.2 2005.3 1978.71 1990.34 1987.06 2069.94 DOWN
HDIL 20.6 19.95 20.75 22.96 35.64 20.3 22.72 DOWN
HEROMOTOCO 2881.25 2866.03 2930.83 2999.28 3485.9 2895.42 3085.46 DOWN
HEXAWARE 395.65 378.95 396.85 428.9 415.54 391.77 457.03 DOWN
HINDALCO 231.75 220.42 230.57 237.03 235.61 228.11 260.81 DOWN
HINDPETRO 212.5 213.8 222.5 228.42 318.03 215.24 238.18 DOWN
HINDUNILVR 1526.3 1547.3 1584.7 1593.84 1517.45 1535.61 1648.03 DOWN
HINDZINC 273.1 272.57 280.57 289.34 298.56 270.07 306.01 DOWN
IBREALEST 95.05 94.07 98.12 108.24 178.83 96.65 118.92 DOWN
IBULHSGFIN 948.9 915.33 945.23 1000.47 1219.72 937.63 1174.94 DOWN
ICICIBANK 313.35 313.92 324.57 314.38 304.85 311.82 339.77 DOWN
ICICIPRULI 318.35 313.68 326.28 337.18 393.38 313.98 356.04 DOWN
ICIL 74.45 63.03 70.28 67.81 87.47 69.22 51.36 UP
IDBI 59.35 58.6 59.5 56.07 63 59.06 52.53 UP
IDEA 36.75 35.1 36.65 39.67 67.17 36.6 41.11 DOWN
IDFC 38.8 37.93 39.28 42.24 51.05 38.13 43.71 DOWN
IDFCBANK 36.1 35.75 37 38.39 46.37 35.94 39.15 DOWN
IFCI 13.45 12.78 13.13 13.49 19.65 13.2 14.91 DOWN
IGL 241.15 233.22 248.37 248.05 283.49 242.27 262.9 DOWN
INDIACEM 95.8 93.38 97.73 104.05 135.77 94.37 110.97 DOWN
INDIANB 237.5 232.57 240.72 256.27 327 234.44 284.65 DOWN
INDIGO 822.3 780.73 826.48 825.28 1155.1 809.35 893.99 DOWN
INDUSINDBK 1626.95 1619.3 1672.8 1697.55 1822.2 1573.07 1765.81 DOWN
INFIBEAM 53.2 50.77 54.57 136.33 163.39 52.04 85.62 DOWN
INFRATEL 268.6 259.87 269.37 266.26 314.27 264.7 292.59 DOWN
INFY 698.8 665.52 688.07 716.88 621.88 690.66 746.22 DOWN
IOC 135.05 132.45 136.05 144.61 170.76 131.78 147.8 DOWN
IRB 127.8 130.78 136.03 144.22 216.63 130 152.1 DOWN
ITC 282.5 269.12 279.47 290.32 277.77 279.07 290.37 DOWN
JETAIRWAYS 201.75 195.87 205.22 207.25 499.85 195.81 221.56 DOWN
JINDALSTEL 178.4 171.55 182.8 204.54 229.68 174.08 219.79 DOWN
JISLJALEQS 66.25 66 67.85 71.66 101.37 66.75 77 DOWN
JPASSOCIAT 6.8 6.47 6.87 7.64 16.29 6.57 8.41 DOWN
JSWENERGY 64.2 60.67 65.42 63.55 74.93 62.82 68.12 DOWN
JSWSTEEL 376.8 368.28 386.18 390.34 324.04 372.94 419.31 DOWN
JUBLFOOD 1176 1159.73 1205.13 1243.05 1230.46 1182.23 1366.51 DOWN
JUSTDIAL 490.9 452.95 510 489.62 510.25 480.76 557.14 DOWN
KOTAKBANK 1170.45 1135.05 1186.2 1155.18 1189.45 1163.57 1218.64 DOWN
KPIT 217.45 197.22 206.57 242.17 248.57 213.12 248.3 DOWN
KSCL 509.5 503.87 525.92 564.06 540.56 515.72 612.96 DOWN
KTKBANK 98.8 94.07 104.77 103.33 123.27 100.24 112.32 DOWN
L&TFH 130.65 130.02 135.97 134.85 164.46 131.55 148.49 DOWN
LICHSGFIN 447.15 420.35 438.5 433.06 513.46 441.4 457.13 DOWN
LT 1216.4 1221 1247.25 1282.94 1320.65 1221.25 1337.43 DOWN
LUPIN 886.8 837.2 854.15 889.22 842.06 875.6 942.41 DOWN
M&M 749 744.07 784.42 851.04 839.36 751.83 842.08 DOWN
M&MFIN 386.6 377.67 396.67 405.19 466.51 389.67 457.51 DOWN
MANAPPURAM 73.3 71.52 75.77 77.17 106.14 74.19 82.25 DOWN
MARICO 315.3 306.93 322.48 326.57 329.03 317.48 337.16 DOWN
MARUTI 7182 7049.47 7425.47 7598.9 8901.95 7297.02 7712.44 DOWN
MCDOWELL-N 533.2 502.85 534.95 520.7 640.66 529.59 453.63 UP
MCX 729.25 735.28 756.53 733.34 791.77 714.67 803.18 DOWN
MGL 828.35 802.73 840.68 816.54 917.14 822.1 855.17 DOWN
MOTHERSUMI 250.85 233.13 242.13 257.54 319.45 244.4 269.75 DOWN
MRF 62600.6 63412.25 64752.2 64894.86 72971.98 63029.57 67714.09 DOWN
MRPL 82.25 78.97 85.92 73.06 99.56 82.64 62.34 UP
MUTHOOTFIN 401 396.58 409.58 419.1 414.22 399.07 456.2 DOWN
NATIONALUM 66.7 66.08 68.13 66.2 70.94 65.82 70.64 DOWN
NBCC 54.25 52.63 54.58 59.99 89.88 53.54 63.19 DOWN
NCC 73.25 71.37 74.57 78.41 110.16 72.18 85.5 DOWN
NMDC 112.9 109.75 112.6 114.37 119.96 111.81 123.36 DOWN
NTPC 164.65 163.05 165.35 167.28 165.66 165.28 160.51 UP
OFSS 3911.3 3902.23 3967.13 4049 4014.33 3967.24 4299.67 DOWN
OIL 205 198.73 204.93 208.14 222.71 202.47 228.18 DOWN
ONGC 160.15 154.85 159.15 168.38 177.18 158.03 176.8 DOWN
ORIENTBANK 65.15 62.65 64.7 66.47 89.23 63.97 71.56 DOWN
PCJEWELLER 56.85 56.22 57.77 66.17 233.84 57.31 70.95 DOWN
PEL 2247.35 2201.58 2325.23 2486.79 2614.32 2201.37 2611.67 DOWN
PETRONET 215.4 214.35 220.35 223.79 230.1 217.16 235.93 DOWN
PFC 82.05 76.47 80.47 79.62 90.22 81.31 86.95 DOWN
PIDILITIND 988.95 973.92 1008.07 1040.15 1019.53 992.05 1073.22 DOWN
PNB 67.55 65.15 67.75 69.07 101.8 66.4 74.97 DOWN
POWERGRID 188.1 186.45 190.1 192.38 195.66 188.75 202.9 DOWN
PTC 76.65 71.5 76.5 73.24 89.41 75.14 78.55 DOWN
PVR 1310.05 1277.15 1358.7 1279.44 1334.98 1293.22 1349.4 DOWN
RAMCOCEM 585.05 579.7 591.5 629.68 732.25 579.6 652.27 DOWN
RAYMOND 672.9 644.12 675.57 701.69 931.01 662.79 726.98 DOWN
RBLBANK 527.15 517.97 542.77 539.72 529.29 521.45 571.38 DOWN
RCOM 11.65 11.27 12.12 12.84 19.75 11.91 14 DOWN
RECLTD 103.45 100.23 103.98 104.07 123.63 102.37 115.25 DOWN
RELCAPITAL 263.85 248.33 270.93 306.95 429.42 258.3 298.84 DOWN
RELIANCE 1139.75 1109.3 1136.4 1184.11 1021.02 1129.59 1224.54 DOWN
RELINFRA 327.55 309.67 344.07 338.49 433.55 320.45 350.71 DOWN
REPCOHOME 375.65 368.08 386.83 435.66 577.38 365.82 450.71 DOWN
RPOWER 28.35 26.58 29.23 28.43 37.7 27.77 29.49 DOWN
S&P500 2767.13 2694.21 2778.84 2887.71 2766.4 0 2865.82 DOWN
SAIL 67.05 65.33 67.48 71.11 79.5 66.07 76.19 DOWN
SBIN 263.2 260.87 267.27 270.42 274.64 264.95 293.81 DOWN
SHREECEM 15217.35 14983.02 15586.52 16538.12 16990.04 15359.33 17234.87 DOWN
SIEMENS 934.4 896.65 924.65 940.93 1078.3 921.35 1019.8 DOWN
SOUTHBANK 12.6 12.48 12.93 14.28 23.43 12.81 14.99 DOWN
SRF 1762.3 1727.73 1815.73 1833.55 1906.92 1776.48 1954.24 DOWN
SRTRANSFIN 1042.8 995.7 1114.6 1114.01 1377.55 1013.24 1182.19 DOWN
STAR 435.6 421.33 436.23 457.06 556.58 428.61 499.83 DOWN
SUNPHARMA 599.95 582.92 598.02 623.51 557.44 592.81 658.69 DOWN
SUNTV 649.45 642.8 661.05 643.89 859.95 663.97 712.62 DOWN
SUZLON 6.2 5.52 6.07 6.19 10 5.94 6.92 DOWN
SYNDIBANK 32.45 31.07 31.87 33.3 52.05 31.76 35.14 DOWN
TATACHEM 649.8 642.23 664.73 690.27 714.74 653.14 704.35 DOWN
TATACOMM 513.95 477.4 494.25 500.28 600.61 498.76 528.71 DOWN
TATAELXSI 988.15 958.6 998.05 1170.48 1183.44 975.88 1193.8 DOWN
TATAGLOBAL 234.9 225.62 232.47 228.71 264.89 230.54 239.51 DOWN
TATAMOTORS 184.35 181.43 187.23 225.71 315.99 182.96 219.88 DOWN
TATAMTRDVR 101.45 99.77 102.77 121.48 178.88 102.24 120.5 DOWN
TATAPOWER 71.25 63.83 72.98 69.06 79.83 70.17 57.69 UP
TATASTEEL 570 563.47 584.17 592.25 609.17 574.64 629.58 DOWN
TCS 1949.5 1888.2 1963.2 2094.2 1738.79 1929.94 2183.79 DOWN
TECHM 694.55 687.02 701.57 733.3 654.26 695.79 772.02 DOWN
TITAN 807.2 784.92 817.57 804.15 880.43 793.77 883.68 DOWN
TVSMOTOR 528.8 520.55 542.35 555.99 615.56 530.74 586.45 DOWN
UJJIVAN 247.4 247.1 262 273.23 367.2 249.71 291.52 DOWN
ULTRACEMCO 3708.4 3728.53 3838.38 3946.17 4056.98 3733.55 4140.6 DOWN
UNIONBANK 68.95 68.38 70.23 71.58 97.31 69.89 78.02 DOWN
VGUARD 177.6 173.05 176.85 180.37 217.91 176.02 184.95 DOWN
VOLTAS 500.15 500.8 519.2 541.55 587.99 506.73 553.66 DOWN
WIPRO 319.95 310.55 321 325.02 290.27 318.14 311.7 UP
WOCKPHARMA 521.85 496.97 517.67 559.59 713.89 514.02 591.21 DOWN
YESBANK 246 242.5 252.4 244.24 329.59 242.76 269.55 DOWN
ZEEL 472.5 460.1 476.65 450.28 547.5 466.6 409.03 UP
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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 ended slightly lower in Monday's trade. Key medium term suppport seen at 31201 mark. Interweek strategy: Establish long positions between 31751-31901 zone, targeting 32451 mark and then aggressive targets at 32851-32901 with stop at 31201.
Silver prices too traded rangebound in Monday's trade. Interweek strategy: Establish long positions between 38475-38501 zone, targeting 39651 mark and then aggressive targets at 39901-40000 zone with stop at 38251.
The recent sequence of higher highs/lows remains intact. Interweek strategy: Establish long positions between 5205-5225 zone, targeting 5445 zone and then aggressive targets at 5751 with stop at 5100.
Copper prices were seen trading rangebound in yesterday's trade. Interweek strategy: Establish long positions only on dips between 447-449 zone, targeting 465 mark and then at 479 with stop at 429.
Natural Gas prices were seen consolidating in Monday's trade. Interweek strategy: Establish long positions between 229-232 zone , targeting 245 and then aggressive targets at 249-251 zone with stop at 223.
Key support now at 71.75. Intermonth strategy: Buy between 72.50-73 zone, targeting 75 and then aggressive targets at 77 with strict stop below 71.75.
32071 31759 31201 32451 32901 Neutral
39135 38455 37201 39650 40001 Neutral
5254 5205 5100 5445 5751 Positive
457 447 429 465 479 Positive
238.90 227.45 215.00 245.00 251.00 Positive
73.81 71.75 70.00 75.00 77.00 Positive
MCX Copper: Establish long positions on any corrective declines.
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 ends lower amidst tech weakness . Apple down sharply on China worries
Gold prices were seen trading with positive bias in Monday's trade. Hurdles now seen at 1245. Confirmation of major strength only above 1245. Interweek Strategy: Sell at CMP, targeting 1207 and then at 1189-1191 zone with stop above 1247.
Silver prices traded flat in Monday's trade. Hurdles now seen at 15.45. Confirmation of major strength only above 15.45.
Profit booking witnessed in Crude-oil prices. Inerweek strategy: Establish long positions only above 75 zone, targeting 77.50 zone and then 80 with stop at 70.20
We have a negative bias on EUR/USD. Major weakness seen only below 1.1451. Selling on strength should be preferred strategy.
We have positive bias for US Dollar Index. Hurdles at 97.50. Aggressive upside targets seen at 99. Downside well supported at 92.50. Major weakness now only below 92.50.
The Dow Jones index ended lower in yesterday's trade as investors also remained cautious following last week’s equity-market rout, sparked in part by rising U.S. interest rates. Dow faces major hurdles at 27200.
1231 1207 1189 1227 1245 Neutral
14.75 14.21 13.75 15.45 16.09 Neutral
71.78 70.25 68.3 75 77.5 Positive
1.1586 1.1379 1.1100 1.1745 1.1900 Negative
95.04 94.45 92.50 97.50 99.00 Positive
25251 25001 24445 26551 27200 Neutral
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DAILY PIVOT TABLE
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CommodityExchange Close S1 S2 R1 R2200 Day
SMA Reversal
Point Trend
MCX ALUMINUM
MCX CARDAMOM
NCDEX CASTOR
NCDEX CHANA
MCX COPPER
MCX COTTON
MCX CRUDE-OIL
MCX GOLD
NCDEX GAUR GUM
NCDEX GAUR SEED
NCDEX JEERA
MCX LEAD
MCX MENTHA OIL
MCX NATURAL GAS
MCX NICKLE
NCDEX RM SEED
MCX SILVER
NCDEX SUGAR
NCDEX SOYA BEAN
MCX ZINC
149.8 149.02 148.23 151.17 152.53 145.53 147.05 DOWN
1385 1373.8 1369.9 1401 1421 1102.73 1394 UP
4872 4827.33 4782.67 4903.33 4934.67 4282.2 4647 DOWN
4205 4182.67 4160.33 4220.67 4236.33 3829.31 4110 UP
459.25 450.67 442.08 464.67 470.08 446.07 447.4 UP
22370 22296.67 22223.33 22426.67 22483.33 21519.85 22445 UP
5273 5203 5151 5354 5453 4536.11 5835.5 UP
32071 31610 31229 32193 32395 30470.1 31011 DOWN
8996 8948.33 8900.67 9054.33 9112.67 8903.04 9159 UP
4110 4080 4050 4150 4190 4136.52 4257 DOWN
19560 19416.67 19273.33 19676.67 19793.33 17554.2 18925 DOWN
154 147 139 157 161 156.37 151.15 UP
1708.6 1695.4 1682.2 1729.2 1749.8 1469.02 1685.4 UP
238.9 232.57 227.23 243.97 250.03 193.35 224.1 UP
936.2 921.73 907.27 946.33 956.47 921.31 901.5 UP
4012 4001.67 3991.33 4027.67 4043.33 4029.69 4115 UP
39135 38522.66 38156.33 39251 39406.33 38773.57 37832 DOWN
3050 3050 3050 3050 3050 3614.83 3015 UP
3203 3193 3183 3211 3219 3502.28 3241.5 UP
194.25 192.5 189 198.5 200.7 201.84 186.45 DOWN
Tuesday16th October, 2018
Comfort Securities Ltd.
DISCLAIMER: This is solely for information of clients of Comfort Securities Ltd. and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Comfort Securities Ltd. its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but Comfort Securities Ltd. or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information.
Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by Comfort Securities Ltd. in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Comfort Securities Ltd. has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Comfort Securities Ltd. makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report)Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.
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