Comfort Securities Limited Daily Research Reports · 22.05 zone. Key hurdles seen at 239. Interweek Strategy: Buy at CMP, targeting 239 and then at 245-251 zone. Stop below 224.45

Disclosures and Disclaimer : This report must be read with the disclosures in the Disclosure appendix, and with the Disclaimer, which forms part of it. This document does not contain any investment views or opinions.

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Welcome Note

Monday10th September, 2018

Stock Of The Day: (F & O)

Forecast and Analysis

CONTENTSCONTENTS



Title Page No.

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

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

Equity Derivatives 10

Daily Pivot Table (Equities) 11

Forecast and Analysis 12-14

Daily Pivot Table (Commodities) 15

Disclaimer 16

'30,000 feet view’:

The big picture of Dalal Street

'30,000 feet view’:

The big picture of Dalal Street



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

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

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

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

www.comfortsecurities.co.inEnjoy Your Comfort Zone.


Nifty Outlook

Intraday

Medium Term

Long Term

Key Levels to Watch

Nifty Support

Nifty Resistance

Pivot Level

Nifty

Outlook for the Day

INDICES

Nifty

Bank Nifty

Nifty Auto Index

Nifty FMCG Index

Nifty Infra Index

Nifty IT Index

Nifty Media Index

Nifty Midcap Index

Nifty Metal Index

Nifty Pharma Index

Nifty Reality Index

Nifty Smallcap Index

Sensex

SGX Nifty


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

10th of September 2018.

The U.S job growth in August was strong and topped analysts' expectations. The US

economy added 201,000 jobs, while the unemployment rate stayed at 3.9% near 18-year

low.

But despite this optimistic healthy economic backdrop, Wall Street closed lower in Friday's

trade. Spoiling sentiments were President Donald Trump's statement that the U.S. had

tariffs ready to go on another $267 billion in Chinese goods, on top of tariffs on $200 billion

in goods the administration was preparing.

Amidst this backdrop, our call of the day suggests that Dalal Street will most likely start

the week on a cautious note as uncertainty prevails on the implication from escalating

trade clashes and concerns about a downdraft in emerging economies weighing on

investors’ sentiment.

In the near term, geopolitical issues surrounding U.S -China trade concerns and Turkey's

currency contagion are likely remain short-term market drivers.

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. Any further weakening of the rupee will

be concern for traders.

Meanwhile, the Q1 results season has been positive and are likely to act as positive trigger,

providing much-needed comfort to the perception of overvaluation creeping in the

markets. The last batch of Q1 earning results are likely to trickle in this week are:

• Tuesday: Reliance Capital, PFC.

• Friday: REC

Amongst macro economic data this week are CPI & IIP data to be released on 12th

September 2018. Wholesale Price Inflation (July) will be declared on September 14.

STOCKS TO WATCH:

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

REDDYS LAB, VEDANTA and MINDTREE with interweek perspective.

• Bullish stocks: BATA, JINDAL STEEL & POWER, CANARA BANK, INDIAN

BANK, MINDTREE, KPIT, DIVIS LAB, VEDANTA, INFIBEAM, BIOCON.

• Bearish stocks: HDFC, CANFINA HOMES, JUST DIAL, ESCORTS, YES BANK, BHEL,

INDIAN OIL CORPORATION.

• Show Me the Money: Buy VEDANTA (CMP 230.25): VEDANTA is signaling a major

rebound from an oversold zone on the daily charts. Key intraday support seen at

22.05 zone. Key hurdles seen at 239. Interweek Strategy: Buy at CMP, targeting 239

and then at 245-251 zone. Stop below 224.45.

• Japanese carmaker Suzuki is drawing aggressive plans to sell five million vehicles in

India by 2030 through Maruti in an attempt to remain the market leader with a 50

per cent share. This will be a near three-fold jump from its current sales volume and

the auto major, which sits on a cash pile of $13 billion (including Maruti’s $5 billion) is

getting ready to invest further in its most promising market.

• Wipro has bagged its largest-ever deal of over $1.5 billion from USbased company

Alight Solutions LLC. In a statement on Sunday, the software services provider said

it will deliver digital services to Illinoisbased Alight Solutions in areas related to

health, human resources and finance for a period of 10 years.

• Jindal Steel & Power Ltd is considering a breakup plan as part of a restructuring to

11589 0.45%

27481 0.05%

11037 2.20%

31354 0.53%

3338 0.63%

16105 0.14%

2716 0.74%

5233 1.53%

3700 1.86%

10661 0.74%

268 0.64%

7520 0.51%

38390 0.38%

11599 -0.31%

Consolidation day likely.

Neutral (11521-11621)

Neutral (11300-11901)

Neutral (12001)

11477 & 11331

11627 & 11675

11319



Technical Strategy


help trim its Rs 420 billion ($6 billion) debt pile and boost investor confidence in a

company that was once India’s biggest steelmaker by market value. The New Delhi-

based company is looking at splitting its steel, power and international businesses

into three separate entities.

• Stocks banned in F&O segment for today: None.

Outlook for Monday: Volatility likely to prevail.

Nifty is likely to trade subdued in today's trade on backdrop deepening in emerging

market selloff as investors fear a spillover effect on other healthier emerging markets and

beyond.

Long story short: Brace yourself for volatile session.

FII/DII & OPTIONS DATA:

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

37.56 crores in the Indian Equity Market. DIIs bought shares worth Rs. 942.45

crores in the Indian Equity market.

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

strike price. While support for Nifty are seen at 11,400 strike price as maximum put

open interest seen at 11,400 strike price.

GLOBAL CUES:

• In Friday’s session, Wall Street closed mostly lower and for fourth session on

mounting concerns about contagion from a handful of struggling emerging

economies on top of unresolved trade tension.

Investors' will continue to monitor talks between the U.S. and Canada amid an

effort to revamp the North American Free Trade Agreement.

COMMODITY CUES:

• Crude Oil prices booked a loss of nearly 3% in last week's trade, the first weekly loss

since mid August. All eyes will be on the Monthly oil market reports expected this

week from the EIA Tuesday, the Organization of the Petroleum Exporting Countries

Wednesday and International Energy Agency on Thursday.

• Copper prices traded range bound in Friday’s trade. MCX COPPER (423): Interweek

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

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

• Gold prices were above the $1,200 an ounce mark on worries about U.S-China trade

war worries but upside seems to be capped amidst a strong U.S. jobs data released

on Friday provided a boost to the dollar and supported expectations for further

interest-rate hikes this year.

CURRIENCIES & BONDS:

• Rupee registered a new all-time closing Low of 71.99 against the U.S Dollar.

Concerns over the trade deficit and inflation, fuelled by high oil prices, have

prompted many investors to exit long positions in the rupee.

• At the current level, the rupee has declined more than 12% against the greenback

MACRO WATCH:

• The strong U.S jobs report is seen as supporting the Federal Reserve’s intention to

hike rates at least once more in September, and possibly once more in December.

L&T INFOTECH

Action

Target

Support

Resistance

Holding Period

1965.1

BUY

2050

1901/1775

2001/2150

45 days

In yesterday's trade, L&T INFOTECH ended on a

strong positive note in Friday's trade, up 4.41%.

The stock price of L&T INFOTECH has already

signaled a breakout from a probable 'higher

consolidation zone' on daily charts.

The technical landscape continues to be positive,

as the stock is seen breaking out from a higher

consolidation with recent sequence of higher

high/low intact on all time frames. The stock is

seen moving up on daily charts, backed by

positive divergences.

Key support to watch in near term is at 1901 zone.

Medium term supports seen at 1775-1801 zone.

Accumulate at CMP, and on dips between

1775-1801 zone, as momentum oscillators are

likely to be backed with spectacular volumes

lifting the stock to its psychological 2000 mark.

With medium term perspective, the stock is

likely to aim 2125-2150 zone. Place stops

below 1651. Holding Period: 3 Months.




The policy-setting Federal Open Market Committee is slated to convene its two-day gathering on Sept. 26.

Higher rates can hurt the appeal of gold and strengthen the U.S. dollar.

• The Indian Rupee is down 7% in last one month, and is down around 13% YTD. Interestingly, the Rupee is depreciating despite decent GDP

growth which stood at a more than two-year high of 8.2% in April-June period.

The depreciating Rupee is bound to have an impact on the Oil import bill, and amid this backdrop inflation should edge higher --- forcing the

RBI to hike interest rates.

You can blame it to two key catalysts:

1. Acceleration in Fed rate hike.

2. U.S China trade war concerns hurting emerging markets.

What Technical Tells Us on Nifty: Nifty ended with modest gains in Friday's trade, up 0.45%. Volatility was hallmark & ruled the roost.

The market breadth, indicating the overall health of the market, was positive. The Mid-Cap index rose 1.15%. The BSE Small-Cap index rose

0.55%. Both these indices outperformed the Sensex.

Technically speaking, Downside risk for Nifty seen at 11,319 mark. Intraday supports seen at 11477. The technical landscape will worsen only if

Nifty slips below the 11,319 mark as that would open the door to massive technical selling, possibly quickly to the 10,750-10,901 zone.

The intraday bias is neutral amidst heightened volatility.

For the day, we believe, Nifty will trade with slight negative bias with upside capped at 11657 mark. The make or break levels hurdles are at

11,657 mark.

The price action for Nifty is suggesting that we are likely to see an 11,325-11,651 range in near term with neutral bias.

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

Volatility likely to be the hallmark of today's trade. In the near term, Nifty likely to trade in a broad range of 11319-11651 zone. Selling on any

excessive strength should be the preferred trading strategy.

Preferred trade on Nifty: Nifty (11589): Sell on any excessive strength between 11611-11625 zone, targeting 11521 and then at 11475-11495

zone with stop at 11671.

Preferred trade on Bank Nifty: Bank Nifty (27481): Establish short positions between 27751-27901 zone, targeting 27137 zone and then at

26501-26751 zone with strict stop at 28201.

Daily Chart of Nifty:



Comfort stock of the day


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

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


R2STOCKS LTP S1 S2 R1 TRADING STRATEGYBIAS


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


HDFC ended on a weak note in Friday's trade, down -0.82%. The interweek bias shifts to negative. Key interweek support seen at 1909 zone. Interweek Strategy: Sell between 1925-1931 zone, targeting 1909 and then at 1875-1881 zone. Stop above 1965.

Dr Reddys Lab is signaling a breakout from a probable flag pattern on daily charts. Interweek Strategy: Establish long positions between 2600-2609 zone, targeting 2661 zone and then at 2725-2745 zone. Stop below 2541.

The sequence of higher high/low is intact on daily charts. Key intraday support seen at 303. Interweek Strategy: Buy between 303-305 zone, targeting 317.50 and then at 325-327.50 zone. Stop below 294.

MINDTREE has signalled a major breakout from a probable 'Flag Pattern' zone on the monthly charts. Intermonth Strategy: Establish long positions between 1137-1145 zone, targeting 1177 zone and then aggressive targets located at 1211-1221 zone. Stop below 1129.

VEDANTA is signaling a major rebound from an oversold zone on the daily charts. Key intraday support seen at 22.05 zone. Key hurdles seen at 239. Interweek Strategy: Buy at CMP, targeting 239 and then at 245-251 zone. Stop below 224.45.

KPIT & MINDTREE are our preferred bets on buy side with interweek perspective.

HDFC

DR REDDYS LAB

KPIT

MINDTREE

VEDANTA

1920 1909 1875 1965 1977 Negative

2632.5 2597 2541 2661 2745 Positive

308.05 303 294 317.5 327.5 Positive

1161.95 1133 1109 1177 1221 Positive

230.25 225.05 221 239 251 Positive



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: Buying continued at Dalal Street in Friday's trade, despite President Donald Trump’s comments

about turning an eye towards Japan -- next on trade. Meanwhile, the positive takeaway from Friday's trade was that the market breadth, indicating

the overall health of the market, was positive. The BSE Mid-Cap index rose 1.15%. The BSE

Small-Cap index rose 0.55%. Both these indices outperformed the Sensex.

The star performers were index heavyweights like Reliance Industries, Mahindra & Mahindra

and ICICI Bank while the underperformers were HDFC,

Sun Pharmaceutical Industries lost 1.72% on reports that the US drug regulator issued six

observations to the company's Halol plant for inspection in August 2018.

Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE Auto Index (up

2.07%), BSE Metal Index (up 1.96%), BSE Healthcare Index (up 0.89%).

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

0.08%), BSE Bankex Index (down 0.04%), BSE India Infrastructure Index (down 0.01%)

Amongst stock specific action, positive bias was seen in stocks like HEROMOTO (up 5.50%),

BAJAJ AUTO (up 5.13%), LUPIN (up 4.68%)

Among stocks drifting down were: YES BANK (down 4.58%), ADANI PORTS (down 2.08%),

POWER GRID (down 1.91%)

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

for September Series. Short covering was seen at 11700 strike price for September series.

Maximum Put Open Interest (OI) was seen at strike price 11400 followed by 11,500 strike price

for September series. Put writing was seen at 11400-11600 strike prices for September series.

As per Friday’s Provisional Data available on the NSE, FII’s bought shares worth Rs. 37.56

crores in the Indian Equity Market. DIIs bought shares worth Rs. 942.45 crores in the Indian

Equity market.

Going forward, Nifty is likely to trade in a broad range of 10300-10700 zone. Immediate hurdles

are seen at 11,651 mark and then major hurdles at 11,761 mark. Selling on excessive strength

should be the preferred trading strategy.

Highest OI Nifty: Calls 11800: 40.01 L - Puts 11500: 47.64

Highest OI Bank Nifty: Calls 29000: 4.55 L - Puts 27000: 9.56 L

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

Long Buildup: VEDL, TVS MOTORS, GAIL, NMDC, BHARTI AIRTEL.

Short Buildup: YES BANK, ADANI ENT, SUN PHARMA,

Short Covering: JINDLSTL, L&TFH, ICICI BANK, SRTFIN, DHFL.

Long Unwinding: TECHM, TORNTPHRM, CUMMINS, EICHER.

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

New In Ban: NIL.

Out of Ban: NIL.

Future Call: BUY TVS MOTORS SEPTEMBER FUTURES at CMP 589.

Targets 603 and then at 617. Stop: 577. Holding Period: Intraday.

Analyst’s Remark: Momentum Play (TVS Motors September Futures

CMP 589).

Option Call: BUY DHFL SEPTEMBER CE strike price 680 at CMP

10.30. Profit: Unlimited. Maximum Loss: Rs. 15,450. Stop: Exit Call

option if DHFL moves below 637. (DHFL September Futures CMP

652.85).

11589.10 (+0.45%)

27481.45 (+0.046%)

13.7225 (+0.53%)

+44 vs +09

2.83 crores (+2.31%)

14.77 lakhs (-0.14%)

3495.33 2908.65

36966.93 34986.45

678182 2187007

216741 20805

952929 68774

5097612 2043149

804084 61374

7071366 678182

Calls in lakhs (% Change)

11600 29.12 (-7%)

11700 26.74 (-10%)

11800 40.01 (-4%)

Puts in lakhs (% Change)

11500 47.64 (+14%)

11400 47.42 (+6%)

11600 33.95 (+9%)


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 11589.1 11514.67 11440.23 11633.27 11677.43 11558.83 10709.26 UP

BANKNIFTY 27481.45 27305.33 27129.22 27585.03 27688.62 27408.92 26071.29 UP

NIFTYMID50 5233.9 5162.67 5091.43 5273.07 5312.23 5201.83 5162.44 UP

ACC 1571.95 1545.6 1519.25 1590.15 1608.35 1563.8 1555.1 UP

ADANIENT 157.35 152.07 146.78 166.27 175.18 160.98 126.8 UP

ADANIPORTS 377.45 373.53 369.62 383.48 389.52 379.57 390.87 DOWN

AJANTPHARM 1272.4 1248.3 1224.2 1295.25 1318.1 1271.15 1262.18 UP

ALBK 40.55 40.03 39.52 40.88 41.22 40.37 53.14 DOWN

AMARAJABAT 815.65 803.1 790.55 824.1 832.55 811.55 811.01 UP

ANDHRABANK 31.15 30.58 30.02 31.53 31.92 30.97 43.14 DOWN

APOLLOTYRE 247.75 245 242.25 250.5 253.25 247.75 269.1 DOWN

ARVIND 394.3 385.47 376.63 400.32 406.33 391.48 413.45 DOWN

ASHOKLEY 132 130.32 128.63 133.17 134.33 131.48 133.86 DOWN

ASIANPAINT 1316 1309.73 1303.47 1322.53 1329.07 1316.27 1230.18 UP

AUROPHARMA 800.85 766.75 732.65 831.2 861.55 797.1 624.22 UP

AXISBANK 645.55 635.77 625.98 651.67 657.78 641.88 549.83 UP

BAJAJ-AUTO 2923.55 2859.07 2794.58 2960.02 2996.48 2895.53 2963.43 DOWN

BAJAJFINSV 6600.1 6523.63 6447.17 6657.93 6715.77 6581.47 5657.42 UP

BAJFINANCE 2744.2 2694.07 2643.93 2772.87 2801.53 2722.73 2046.4 UP

BALKRISIND 1170.7 1154.9 1139.1 1193.8 1216.9 1178 1167.66 UP

BALRAMCHIN 77.65 76.63 75.62 78.73 79.82 77.72 94.4 DOWN

BANKBARODA 148.05 145.67 143.28 149.47 150.88 147.08 145.94 UP

BANKINDIA 94.15 92.77 91.38 95.17 96.18 93.78 120.86 DOWN

BATAINDIA 1056.25 1040.77 1025.28 1070.82 1085.38 1055.33 796.48 UP

BEL 91.85 90.05 88.25 93.7 95.55 91.9 140.5 DOWN

BEML 776.25 769.17 762.08 782.17 788.08 775.08 1132.98 DOWN

BERGEPAINT 316.05 310.47 304.88 319.57 323.08 313.98 276.29 UP

BHARATFIN 1148.15 1139.03 1129.92 1154.13 1160.12 1145.02 1102.53 UP

BHARATFORG 688.7 670.27 651.83 700.52 712.33 682.08 693.57 DOWN

BHARTIARTL 389.6 375.17 360.73 397.67 405.73 383.23 417.52 DOWN

BHEL 79.35 77.33 75.32 82.33 85.32 80.32 84.45 DOWN

BIOCON 661.35 651.1 640.85 673.55 685.75 663.3 591.77 UP

BPCL 356.95 353.5 350.05 359.95 362.95 356.5 430.23 DOWN

BRITANNIA 6229.1 6178.47 6127.83 6277.07 6325.03 6226.43 5441.62 UP

CANBK 270.45 265.73 261.02 273.88 277.32 269.17 293.41 DOWN

CANFINHOME 310.8 308.2 305.6 313.2 315.6 310.6 419.8 DOWN

CAPF 615.8 602.47 589.13 624.92 634.03 611.58 632.13 DOWN

CASTROLIND 155.25 154.25 153.25 156.05 156.85 155.05 183.59 DOWN

CEATLTD 1400.4 1371.6 1342.8 1417.6 1434.8 1388.8 1551.57 DOWN

CENTURYTEX 938.25 926.63 915.02 946.93 955.62 935.32 1130.53 DOWN

CESC 1012.15 1001.47 990.78 1024.12 1036.08 1013.43 999.17 UP

CGPOWER 56.3 55.33 54.37 57.08 57.87 56.12 75.32 DOWN

CHENNPETRO 295.25 291.4 287.55 299.25 303.25 295.4 345.75 DOWN

CHOLAFIN 1439.9 1395.27 1350.63 1471.27 1502.63 1426.63 1453.17 DOWN

CIPLA 664.75 657.53 650.32 670.73 676.72 663.52 597.81 UP

COALINDIA 286.55 283.87 281.18 288.37 290.18 285.68 280.93 UP

COLPAL 1141.75 1134.02 1126.28 1151.97 1162.18 1144.23 1120.56 UP

CONCOR 659 643.9 628.8 672.1 685.2 657 659.03 DOWN

CUMMINSIND 763.4 752.6 741.8 773.6 783.8 762.8 770.81 DOWN

DABUR 468.3 456.38 444.47 474.83 481.37 462.92 369.78 UP

DALMIABHA 2563.35 2519.63 2475.92 2589.78 2616.22 2546.07 2789.66 DOWN

DHFL 647.75 641.33 634.92 655.93 664.12 649.52 595.25 UP

DISHTV 68.75 67.53 66.32 69.63 70.52 68.42 73.78 DOWN

DIVISLAB 1313.5 1299.1 1284.7 1329.65 1345.8 1315.25 1103.14 UP

DLF 208.35 203.6 198.85 211.2 214.05 206.45 216.37 DOWN

DRREDDY 2632.5 2570.63 2508.77 2669.33 2706.17 2607.47 2223.28 UP

EICHERMOT 28682.2 28545.6 28409 28883.9 29085.6 28747.3 28873.37 DOWN

ENGINERSIN 126.45 124.33 122.22 127.93 129.42 125.82 155.25 DOWN

EQUITAS 157.05 152.65 148.25 159.85 162.65 155.45 148.08 UP

ESCORTS 797.3 787.4 777.5 807.05 816.8 797.15 854.69 DOWN

EXIDEIND 279.1 275.35 271.6 282.3 285.5 278.55 240.65 UP

FEDERALBNK 78.05 77.2 76.35 78.55 79.05 77.7 93.77 DOWN

FORTIS 146.35 145.17 143.98 147.47 148.58 146.28 145.23 UP

GAIL 377.2 369.37 361.53 382.32 387.43 374.48 350.26 UP

GLENMARK 685.15 675.43 665.72 693.43 701.72 683.72 571.57 UP

GMRINFRA 19.35 18.97 18.58 19.67 19.98 19.28 18.64 UP

GODREJCP 1341.2 1304.13 1267.07 1366.13 1391.07 1329.07 1130.88 UP

GODREJIND 612.65 602.92 593.18 618.67 624.68 608.93 589.43 UP

GRANULES 121.4 119.33 117.27 122.93 124.47 120.87 109.24 UP

GRASIM 1025.35 1015.42 1005.48 1035.37 1045.38 1025.43 1084.51 DOWN

GSFC 118.45 116.93 115.42 119.68 120.92 118.17 126.46 DOWN

HAVELLS 673.55 665.77 657.98 682.67 691.78 674.88 557.38 UP

HCLTECH 1073.95 1063.88 1053.82 1085.48 1097.02 1075.42 946.39 UP

HDFC 1920 1902.2 1884.4 1950.65 1981.3 1932.85 1846.54 UP

HDFCBANK 2056.95 2045.13 2033.32 2064.38 2071.82 2052.57 1974.87 UP

HDIL 32.45 32.05 31.65 33 33.55 32.6 39.57 DOWN

HEROMOTOCO 3329.35 3212.47 3095.58 3395.62 3461.88 3278.73 3552.32 DOWN

HEXAWARE 441.85 439.12 436.38 445.67 449.48 442.93 403.83 UP

HINDALCO 242.55 235.78 229.02 247.78 253.02 241.02 236.65 UP

HINDPETRO 253.1 250.93 248.77 255.43 257.77 253.27 340.26 DOWN

HINDUNILVR 1638.75 1611.6 1584.45 1655.3 1671.85 1628.15 1483.22 UP

HINDZINC 298 295.97 293.93 300.87 303.73 298.83 299.68 DOWN

IBREALEST 147.85 145.9 143.95 149.75 151.65 147.8 190.11 DOWN

IBULHSGFIN 1212.75 1201.88 1191.02 1223.98 1235.22 1213.12 1239.75 DOWN

ICICIBANK 335.1 326.23 317.37 340.18 345.27 331.32 304.25 UP

ICICIPRULI 378.75 373.27 367.78 383.02 387.28 377.53 397.96 DOWN

ICIL 76.95 76.32 75.68 77.77 78.58 77.13 93.08 DOWN

IDBI 59.85 58.95 58.05 60.55 61.25 59.65 63.45 DOWN

IDEA 46.9 45.75 44.6 47.9 48.9 46.75 73.53 DOWN

IDFC 50.55 49.65 48.75 51.15 51.75 50.25 53.02 DOWN

IDFCBANK 45.75 44.67 43.58 46.47 47.18 45.38 48.11 DOWN

IFCI 16.3 15.98 15.67 16.53 16.77 16.22 20.88 DOWN

IGL 276.05 272.45 268.85 278.8 281.55 275.2 291.82 DOWN

INDIACEM 121.35 117.68 114.02 123.43 125.52 119.77 143.43 DOWN

INDIANB 323 315.87 308.73 327.02 331.03 319.88 342.05 DOWN

INDIGO 913.45 890.25 867.05 929.5 945.55 906.3 1192.28 DOWN

INDUSINDBK 1875.85 1865.85 1855.85 1885.9 1895.95 1875.9 1816.6 UP

INFIBEAM 228.75 226.5 224.25 230.95 233.15 228.7 166.02 UP

INFRATEL 277.35 269.92 262.48 282.07 286.78 274.63 326.35 DOWN

INFY 732.8 726.02 719.23 737.37 741.93 730.58 596.56 UP

IOC 153.4 152.47 151.53 154.37 155.33 153.43 176.99 DOWN

IRB 178.65 175.03 171.42 181.73 184.82 178.12 225.07 DOWN

ITC 310.45 307.97 305.48 313.07 315.68 310.58 274.09 UP

JETAIRWAYS 275.85 267.2 258.55 283.45 291.05 274.8 553.56 DOWN

JINDALSTEL 219.85 212.07 204.28 224.32 228.78 216.53 225.59 DOWN

JISLJALEQS 87.45 85.75 84.05 89.05 90.65 87.35 106.39 DOWN

JPASSOCIAT 11.1 10.8 10.5 11.4 11.7 11.1 17.45 DOWN

JSWENERGY 70.3 68.87 67.43 71.37 72.43 69.93 77 DOWN

JSWSTEEL 406.6 397.77 388.93 412.67 418.73 403.83 308.41 UP

JUBLFOOD 1408.8 1394.9 1381 1422.7 1436.6 1408.8 1185.77 UP

JUSTDIAL 537.2 532.92 528.63 542.12 547.03 537.83 512.72 UP

KOTAKBANK 1244.95 1235.37 1225.78 1257.27 1269.58 1247.68 1172.81 UP

KPIT 308.05 303.3 298.55 313.65 319.25 308.9 239.59 UP

KSCL 641.6 632.87 624.13 647.17 652.73 638.43 537.43 UP

KTKBANK 118.15 116.83 115.52 119.13 120.12 117.82 128.87 DOWN

L&TFH 168.15 162.33 156.52 171.63 175.12 165.82 168.58 DOWN

LICHSGFIN 500.7 496 491.3 503.7 506.7 499 529.18 DOWN

LT 1347.5 1340 1332.5 1356 1364.5 1348.5 1312.39 UP

LUPIN 959.4 923.23 887.07 979.13 998.87 942.97 835.56 UP

M&M 973.7 946.62 919.53 989.22 1004.73 962.13 823.12 UP

M&MFIN 459.8 445.73 431.67 468.53 477.27 454.47 471.5 DOWN

MANAPPURAM 95.95 95.17 94.38 96.82 97.68 96.03 109.1 DOWN

MARICO 357.45 353.22 348.98 361.47 365.48 357.23 326.95 UP

MARUTI 8719.2 8639.3 8559.4 8794.05 8868.9 8714.15 9041.19 DOWN

MCDOWELL-N 605.1 598.87 592.63 611.22 617.33 604.98 657.42 DOWN

MCX 772.35 763.73 755.12 781.23 790.12 772.62 817.38 DOWN

MOTHERSUMI 303.15 292.83 282.52 310.73 318.32 300.42 331.58 DOWN

MRF 71251.95 70589.33 69926.71 71957.28 72662.62 71294.66 73304.85 DOWN

MRPL 77.85 76.48 75.12 78.83 79.82 77.47 105.39 DOWN

MUTHOOTFIN 467.05 451.43 435.82 476.33 485.62 460.72 416.72 UP

NATIONALUM 71.8 70.33 68.87 73.18 74.57 71.72 72.43 DOWN

NBCC 71.05 67.78 64.52 73.28 75.52 70.02 97.69 DOWN

NCC 93.2 91.85 90.5 94.2 95.2 92.85 114.75 DOWN

NMDC 119 115.3 111.6 122.55 126.1 118.85 121.68 DOWN

NTPC 169.55 166.78 164.02 171.43 173.32 168.67 167.07 UP

OFSS 4165.3 4089.68 4014.07 4211.23 4257.17 4135.62 3985.4 UP

OIL 206.85 205.22 203.58 208.72 210.58 207.08 226.35 DOWN

ONGC 171.9 170.33 168.77 174.23 176.57 172.67 178.73 DOWN

ORIENTBANK 77.2 76.08 74.97 78.23 79.27 77.12 95.83 DOWN

PCJEWELLER 86.3 85.63 84.97 87.13 87.97 86.47 273.34 DOWN

PEL 3044.15 3002.4 2960.65 3077.45 3110.75 3035.7 2640.64 UP

PETRONET 242.7 238.33 233.97 245.63 248.57 241.27 233.04 UP

PFC 86.75 84.9 83.05 88.5 90.25 86.65 94.98 DOWN

PIDILITIND 1159.6 1146.07 1132.53 1169.07 1178.53 1155.53 998.1 UP

PNB 84.4 83.02 81.63 85.22 86.03 83.83 114.09 DOWN

POWERGRID 195.7 192.07 188.43 200.12 204.53 196.48 197.03 DOWN

PTC 82.75 81.4 80.05 83.8 84.85 82.45 94.18 DOWN

PVR 1366.15 1339.35 1312.55 1383.9 1401.65 1357.1 1338.91 UP

RAMCOCEM 664.15 656.23 648.32 673.33 682.52 665.42 741.48 DOWN

RAYMOND 807.9 793.43 778.97 816.78 825.67 802.32 961.7 DOWN

RBLBANK 609.75 594.57 579.38 618.37 626.98 603.18 525.6 UP

RCOM 17.3 16.98 16.67 17.68 18.07 17.37 19.7 DOWN

RECLTD 114.65 112.87 111.08 116.72 118.78 114.93 129.35 DOWN

RELCAPITAL 457.65 453.67 449.68 463.17 468.68 459.18 442.65 UP

RELIANCE 1278.6 1261.62 1244.63 1288.47 1298.33 1271.48 990.69 UP

RELINFRA 473.55 464.43 455.32 481.23 488.92 472.12 445.41 UP

REPCOHOME 542.6 536.68 530.77 546.88 551.17 540.97 599.31 DOWN

RPOWER 36.8 35.25 33.7 37.95 39.1 36.4 38.68 DOWN

SAIL 78.15 76.52 74.88 79.37 80.58 77.73 80.51 DOWN

SBIN 291.65 288.77 285.88 295.22 298.78 292.33 280.34 UP

SHREECEM 17954.45 17815.85 17677.25 18187.2 18419.95 18048.6 17072.54 UP

SIEMENS 992.4 978.07 963.73 1004.87 1017.33 990.53 1105.72 DOWN

SOUTHBANK 16.9 16.7 16.5 17.05 17.2 16.85 25.41 DOWN

SREINFRA 49.5 48.22 46.93 51.72 53.93 50.43 78.6 DOWN

SRF 2015.7 1968.47 1921.23 2052.47 2089.23 2005.23 1906.99 UP

SRTRANSFIN 1212.55 1186.07 1159.58 1233.52 1254.48 1207.03 1403.19 DOWN

STAR 506.9 496 485.1 514.4 521.9 503.5 596.74 DOWN

SUNPHARMA 664.25 646.17 628.08 676.17 688.08 658.08 546.51 UP

SUNTV 694.95 684.08 673.22 702.78 710.62 691.92 888.27 DOWN

SUZLON 7.05 6.88 6.72 7.23 7.42 7.07 10.88 DOWN

SYNDIBANK 38.1 37.67 37.23 38.37 38.63 37.93 58.26 DOWN

TATACHEM 760.6 744.78 728.97 770.63 780.67 754.82 718.41 UP

TATACOMM 527.45 515.87 504.28 536.17 544.88 524.58 621.95 DOWN

TATAELXSI 1363.05 1343.57 1324.08 1380.97 1398.88 1361.48 1155.19 UP

TATAGLOBAL 222.95 219.87 216.78 225.27 227.58 222.18 271.47 DOWN

TATAMOTORS 277.4 271.13 264.87 281.78 286.17 275.52 336.93 DOWN

TATAMTRDVR 147.75 144.47 141.18 150.27 152.78 146.98 191.51 DOWN

TATAPOWER 75.2 74.05 72.9 76.15 77.1 75 82.4 DOWN

TATASTEEL 619.15 603.47 587.78 628.42 637.68 612.73 617.36 UP

TCS 2079.85 2068.83 2057.82 2087.43 2095.02 2076.42 1649.47 UP

TECHM 772.2 765.93 759.67 776.73 781.27 770.47 626.26 UP

TITAN 867.45 860.33 853.22 875.28 883.12 868.17 882 DOWN

TV18BRDCST 42.85 41.53 40.22 43.83 44.82 42.52 56.5 DOWN

TVSMOTOR 589.85 578 566.15 597.6 605.35 585.75 637.07 DOWN

UBL 1338.45 1314.92 1291.38 1355.47 1372.48 1331.93 1131.57 UP

UJJIVAN 344.2 340.1 336 346.65 349.1 342.55 379.4 DOWN

ULTRACEMCO 4268.2 4182.9 4097.6 4320.6 4373 4235.3 4087.33 UP

UNIONBANK 83.55 82.4 81.25 84.35 85.15 83.2 107.13 DOWN

UPL 714 704.5 695 720.75 727.5 711.25 704.74 UP

VGUARD 207.4 203.58 199.77 210.83 214.27 207.02 223.68 DOWN

VOLTAS 599.35 589.68 580.02 605.98 612.62 596.32 597.48 UP

WIPRO 324.7 319.78 314.87 328.93 333.17 324.02 286.35 UP

WOCKPHARMA 669.65 660.08 650.52 678.33 687.02 668.77 733.25 DOWN

YESBANK 323.4 316.45 309.5 335.7 348 328.75 336.41 DOWN

ZEEL 470.4 461.48 452.57 477.88 485.37 468.97 560.96 DOWN



Comfort ‘Forecast and Analysis’

Forecast and Analysis is a daily newsletter that provides technical update on all the major instruments of the world like Gold, Silver, Crude Oil, US Dollar Index and USD/INR. We define their support and resistance levels and attempt to forecast their movement with a short / medium term perspective. Also in the report, a trader will find bias for the mentioned instruments.

This newsletter is also quite popular with a market participant who loves to have insight & theme on MCX Gold, MCX Silver as well MCX Crude-Oil.

Forecast and Analysis

Instrument TRADING STRATEGYLTP S1 S2 R1 R2 Bias


MCX GOLD

MCX SILVER

MCX CRUDE OIL

MCX COPPER

MCX NATURAL GAS

USD-INR

Forecast and Analysis …Direction at a glance



Interweek Strategy: Establish long positions between 29901-30101 zone, targeting 30501 and then at 30751-30699 zone. Stop 29701.

Interweek Strategy: Establish long positions at CMP, targeting 37901 and then at 38601-38751 zone. Stop 35899.

Intraday strategy: Establish long positions at CMP, targeting 5045 and then at 5205-5250 zone with stop at 4671.

Interweek strategy: Establish long positions between 415-418 zone, targeting 431 and then at 437.50 and finally at 443-447.50 zone with stop at 403.

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

USD/INR was seen consolidating in Friday's trade. Overbought conditions seen prevailing. Interweek strategy: Establish long position only on any excessive declines between 71.15-71.25 zone, targeting 72.50 and then aggressive targets at 73-73.50 with stop at 70.19.

30510 29891 29405 30699 30901 Neutral

37185 36601 35899 37901 38751 Neutral

4882 4671 4505 5045 5250 Positive

423 411 403 431 448 Positive

201.00 191.00 185.00 213.00 225.00 Neutral

71.73 71.05 70.21 72.50 73.50 Neutral

The U.S Dollar likely to be in limelight as a rise in U.S. wages bolsters the prospects for further interest-rate hikes.

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



Positive bias on Crude-oil. Key support seen at 65.05. Confirmation of strength above 70.

Intraday Strategy: Establish short positions between 1213-1217 zone, targeting 1189 zone and then aggressive targets at 1175-1179 zone with stop at 1225.

Intraday Strategy: Establish short positions between 14.75-14.89 zone, targeting 14.05 zone and then aggressive targets at 13.45-13.55 zone with stop at 15.39.

Intraday Strategy: Establish long positions at CMP, targeting 70 and then at 73.05 with stop at 65.

The EUR/USD was seen drifting in Friday's trade amidst range bound moves in the US Dollar index. Technically, the bias continues to be neutral with initial downside risk at 1.1501. Hurdles continue to be at 1.1900. Selling on strength should be the preferred trading strategy.

The U.S Dollar was seen inching up in Friday's trade after robust U.S Jobs dara. We shift our bias to neutral on the US Dollar Index. Hurdles at 97.50. Downside well supported at 92.50. Major weakness now only below 92.50.

Wall Street was seen trading with negative bias in Friday's trade as traders turned cautious and turning their attention to NAFTA negotiations. Key hurdle now seen at 26451. The near term bias continues to be positive.

1204 1189 1175 1223 1233 Neutral

14.25 14.05 13.45 15.27 15.95 Neutral

67.25 67.05 65.05 70 73.05 Positive

1.1619 1.1501 1.1215 1.1751 1.1900 Neutral

95.10 92.50 90.00 97.50 99.00 Neutral

25956 25445 23501 26451 27901 Positive


DAILY PIVOT TABLE



CommodityExchange Close S1 S2 R1 R2200 Day

SMA Reversal

Point Trend

MCX ALUMINUM

MCX CARDAMOM

NCDEX CASTOR

NCDEX CHANA

MCX COPPER

MCX COTTON

MCX CRUDE-OIL

MCX GOLD

NCDEX GAUR GUM

NCDEX GAUR SEED

NCDEX JEERA

MCX LEAD

MCX MENTHA OIL

MCX NATURAL GAS

MCX NICKLE

NCDEX RM SEED

MCX SILVER

NCDEX SUGAR

NCDEX SOYA BEAN

MCX ZINC

146.05 144.57 143.08 148.27 150.48 143.67 153.65 DOWN

1369.2 1333.57 1297.93 1402.37 1435.53 1061.34 1323.75 DOWN

4667 4649.33 4631.67 4691.33 4715.67 4261.24 4572 UP

3869 3827.67 3786.33 3927.67 3986.33 3883.7 4024 UP

424.4 420.07 415.73 429.07 433.73 445.82 411.5 DOWN

22790 22736.67 22683.33 22876.67 22963.33 21143.85 23190 UP

4884 4817.33 4750.67 4961.33 5038.67 4355.06 4817 DOWN

30547 30398 30249 30698 30849 30223.89 29742.5 UP

9523 9451 9379 9632 9741 8828.78 9126 UP

4380 4346.5 4313 4429 4478 4083.23 4435 UP

19015 18916.67 18818.33 19156.67 19298.33 17792.27 18850 DOWN

146.85 145.38 143.92 148.73 150.62 158.07 142.65 UP

1722.6 1693.93 1665.27 1739.33 1756.07 1475.78 1630.4 UP

200.2 199.27 198.33 201.67 203.13 188.85 207 UP

896.2 889.87 883.53 903.77 911.33 899.9 932.8 DOWN

4043 4026.67 4010.33 4052.67 4062.33 4015.4 4079 DOWN

37151 37009.66 36868.33 37368.66 37586.33 38747.96 37480 DOWN

3036 3036 3036 3036 3036 3617 2651 DOWN

3254 3232 3210 3268 3282 3474.85 3152 UP

176.5 175.05 173.6 178.4 180.3 204.47 173.3 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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Documents

Comfort Securities Limited Daily Research Reports · 22.05 zone. Key hurdles seen at 239. Interweek Strategy: Buy at CMP, targeting 239 and then at 245-251 zone. Stop below 224.45