Comfort Securities Limited Daily Research Reports › Admin › File › Comfort (Daily-Re… · The market breadth, indicating the overall health of the market, was weak. The BSE

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.

Comfort Securities Limited

Daily Research Reports

You will enjoy all the comforts of financial world when you alight with us.

Comfort

Flows From

WISDOM…

Welcome to Comfort Securities Ltd.

The world out there is uncertain. On this backdrop, the market volatility is bound to increase. Believe us, even the big

investors’ sentiment will oscillate—and that is why it is important for us to safely navigate these difficult times.

To do so, Comfort Securities Ltd. brings you this daily market commentary which will help you to sharpen your instincts

on investments in equity markets, gold, silver, crude-oil, USD/INR, the Dow Jones index, Hang Seng index, Euro-Dollar,

etc. On the next few pages, you can learn more about the same. We would love to answer any further questions you may

have in a one-one discussion.

We are pleased to inform you that this report features contributions from the finest analytical minds in the business and

are distinguished by our proactive consulting approach, timely advice, and specific recommendations. We take

satisfaction in seeing clients realize their dreams.

The Comfort Securities team would like to take this opportunity to thank our readers for their support and feedback over

the years. We hope you enjoyed reading this daily newsletter. Above all, we wish that this experience is both

professionally and personally rewarding.

If you have any queries please do contact me or any member of Comfort Securities Ltd. team and we would be glad to

assist.

Best Regards,

Comfort Securities Ltd.Call Us: Tel: 91-22-28811259


Enjoy Your Comfort Zone.

Invest Smart. Build Wealth.

Welcome Note

Monday23rd July, 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

23rd July 2018.

Dalal Street is most likely to start the week on a positive note on backdrop of the BJP

government comfortably defeating the no-trust vote in the Parliament on late Friday. The

motion was defeated with 325 votes against it while 126 voted in favour. The street is also

likely to react positively to the GST Council on Saturday slashed tax rates on a number of

products, ranging from paints, white goods to footwears.

Meanwhile, trading is expected to be volatile as traders will roll over positions in the F&O

segment from the near month July 2018 series to August 2018 series. The July 2018 F&O

contracts will expire on Thursday.

Our call of the day says excessive buying appetite likely to be cooled amidst new

questions surrounding U.S government policy on trade issues.

President Donald Trump is on the front pages again, reigniting anxieties about escalating

tariff spats between the U.S. and its international counterparts that could pummel

worldwide stock markets.

Trump also said he was “ready” to put tariffs on all Chinese goods imported to the U.S.,

which would amount to more than $500 billion. The comments were the latest in a series

that pointed to worsening trade relations

Meanwhile, all anxious eyes will also 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.

What Technical Tells Us on Nifty: Nifty ended Friday’s session with modest gains,

up 0.48% at 11,010.20. The positive takeaway was that Nifty settled just above the

psychologically important 11,000 mark.

The market breadth, indicating the overall health of the market, was weak. The BSE Mid-

Cap index fell 0.73%. The BSE Mid-Cap index rose 0.73%. The BSE Small-Cap index rose

0.41%. Both these indices outperformed the Sensex.

Technically speaking, Nifty’s biggest hurdles’ are at its all-time-high at 11,172.

The must watch support levels are placed at 10925 & then at 10876. The technical

landscape will worsen only if Nifty slips below the 10,557 mark as that would open the door

to massive technical selling, possibly quickly to the 10,327-10,375 zone.

Amidst Friday’s positive close, the bias on Nifty shifts to neutral/positive. Having said that,

buying advised only on any sharp corrective declines. In the near term, we still believe,

Nifty may most likely to trade with positive bias and the benchmark most probably will aim

to close above its all-time-high at 11,172 mark.

Meanwhile, the price action for Nifty is suggesting that we are likely to see a

10,751-11,375 range in near term with positive bias.

Outlook for Monday: Key hurdles on Nifty at 11,172.

Technically, fresh major buying appetite only above 11,175 mark.

Judging by early action at SGX Nifty, it’s likely that the benchmark Nifty will have a positive

trading session. Stock specific action will be the main driver as corporate earnings are likely

to set the tone for the market. Till date, the corporate profits are on the rise, if not strong.

Prominent earnings releases due to trickle in:

• Monday: L & T Infotech, L&T Technology, Glaxosmi Pharma, LMW

11010 0.43%

26873 0.31%

10752 -0.43%

29281 0.23%

3032 0.61%

14701 1.46%

2814 -0.46%

4798 0.78%

3092 -0.53%

8895 1.66%

257 1.26%

7030 0.78%

36496 0.40%

11053 0.29%

Volatile session likely.

Neutral (10945-11101)

Neutral (10551-11301)

Neutral (12001)

10925 & 10876

11175 & 11501

11251



Technical Strategy


SUN PHARMA 560.1

Action BUY

Target 601

Support 545/531

Resistance 587/601

Holding Period 21 Days.

In Friday’s trade, SUN PHARMA was seen trading

with positive bias, up 2.78%.

Technically, SUN Pharma is trading at oversold

zone and signaling a major rebound on the daily

charts from a lower consolidation zone.

The stock is still in corrective mode and the

momentum oscillators will shift on buy mode on

any move above 601 and such up move needs to

be backed by increases in volumes.

Key support to watch in near term is at 545 zone.

Medium term supports seen at 531 zone.

Interweek perspective: Establish long

positions at CMP, and on declines to 535-537.50

zone, targeting 587 zone and then at 595-601

zone with strict stop at 531.



‘30,000 feet

view’: The big

picture of

Dalal Street




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 sequence of lower high/low is intact on daily charts of CESC. Key intraday support seen at 861. Interweek Strategy: Selling on early strength between 893-897 zone, targeting 861 and then at 825-833 zone. Stop above 921.

TATA CHEMICALS ended on a weak note in Friday's trade, down 0.99%. Key intraday support seen at 653. Interweek Strategy: Sell between 675-677 zone, targeting 653 zone and then aggressive targets at 639 zone. Stop above 691.

TVS Motors is aiming to move below its 9-week lower consolidation zone. The sequence of lower high/low still intact on daily and weekly charts. Interweek Strategy: Sell between 567-571 zone, targeting 547 and then more aggressive targets located at 537.50-541 zone. Stop 591.

BATA is aiming to move above its 4-week higher consolidation zone. The sequence of higher high/low still intact on daily, weekly and monthly charts. Interweek Strategy: Buy at CMP, targeting 865 and then more aggressive targets located at 875-881 zone. Stop below 823.

Voltas is signaling a major rebound from an oversold zone on the daily charts. Key support seen at 522.50-525 zone. Key hurdles seen at 601. Interweek Strategy: Buy at CMP, targeting 565 and then at 591-601 zone. Stop below 633.

Dalal Street May Consolidate Today Amid Subdued Global Cues. BATA + VOLTAS may witness buying.

CESC 886.2 861 825 905 941 Negative

TATA CHEMICAL 660.15 653 639 689 709 Negative

TVS MOTORS 564.9 547 537.5 573 591 Negative

BATA 842.4 827.5 811 865 881 Positive

VOLTAS 552.95 537.5 522.5 565 601 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.)

Yesterday Day Before Yesterday

Derivatives Vol.(INR in Cr.)

No of contracts

Turnover (Rs. In cr.)

Major Changes in Nifty Options (OI)


Market Summary: The benchmark Nifty marched higher in Friday’s session despite Thursday’s weakness at

Wall Street following comments from President Donald Trump that he does not agree

with the Federal Reserve’s interest rate increases this year.

The Fed has raised rates two times this year, and policy makers expect two more rate

hikes before the end of 2018. Meanwhile, the positive takeaway was that despite broader market weakness, Nifty

closed above the psychological 11000 mark. Amongst stock specific action, Bajaj Auto

slumped 9% after declaring poor set of Q1numbers while CEAT was star performer.

The BSE Midcap Index was up 0.73%. The BSE SmallCap Index was up 0.41%. Both the

Indices outperformed the Sensex.

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

1.51%), BSE Teck Index (up 1.38%), BSE Healthcare Index (up 1.06%)

Amongst the sectoral indices, underperforming the Sensex/Nifty were BSE Oil & Gas

Index (down 0.65%), BSE Metal Index (down 0.55%), BSE Auto Index (down 0.40%).

Amongst stock specific action, positive bias was seen in stocks like Bajaj Finance (up

8.01%), Bajaj Finserv (5.77%),Sun Pharma (up 2.87%)

Among stocks drifting down were: Bajaj Auto (down 9.42%), Hindpetro (down 2.95%),

IOC (down 2.90%).

Maximum Call Open Interest (OI) again stands at 11100 Strike Price, followed by 11000

Strike Price. Short covering in call option was seen at strike price 11000 for July expiry.

Maximum Put OI contracts were seen at strike price 11000 followed by 10,900 strike

price. There was a sudden surge in open interest for put options 11000 & 10900 strike

prices ahead of F&O expiry next week. As per Friday’s provisional data available on the NSE, Foreign institutional investors

(FIIs)bought shares worth Rs. 310.27 crores. Domestic institutional investors sold shares

worth Rs. 50.73 crores in the Indian equity market.

Highest OI Nifty: Calls 11100: 39.25 L - Puts 11000: 48.78 L

Highest OI Bank Nifty: Calls 27000: 9.58 L - Puts 26500: 6.69 L

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

Long Buildup: RELIANCE, GRANULES, MPRL, INFY, BAJFIN.

Short Buildup: SREINRFA, DHFL, IRB, BAJAJ AUTO, HPCL.

Short Covering: ORIENTBANK, ASHOKLEY, EQUITAS, BALRAMCHIN, BEL.

Long Unwinding: IOC, KOTAKBANK, JUSTDIAL, SRTFIN, TATACHEM.

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

New In Ban: NIL.

Out of Ban: ADANIENT, ADANI POWER.

Future Call: SELL KOTAK BANK JULY FUTURES between 1346-

1351 zone. Targets: 1323 and then at 1295. Stop: 1371. Holding

Period: 0-3 days. Analyst’s Remark: Long Unwinding. (Kotak Bank

July Futures CMP 1339.10).

Option Call: Sell DHFL JULY PE strike price 580 at CMP 3.15.

Maximum Profit: 4725. Maximum Loss: Unlimited. Stop if DHFL

closes below 585. Hold Put Option till expiry. (DHFL July Futures CMP

614.95).

11010.20 (+0.48%)

26873.20 (+0.31%)

13.5350 (-0.42%)

+21 vs +26

2.43 crores (-1.76%)

22.28 lakhs (+3.49%)

2900.64 2672.94

29179.54 27888.39

524535 1820234

183327 16684

977355 67995

3822635 360965

989478 78891

5972795 524535

Calls in lakhs (%Change)

11000 38.69 (-7%)

11100 39.25 (+4%)

11200 31.96 (-7%)

Puts in lakhs (% Change)

10900 48.54 (+21%)

11000 48.78 (+13%)

10800 48.2 (+4%)

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 11010.2 10960.85 10911.5 11044.9 11079.6 10995.55 10507.5 UP

BANKNIFTY 26873.2 26745.68 26618.17 26973.63 27074.07 26846.12 25591.14 UP

NIFTYMID50 4798.1 4752.62 4707.13 4825.72 4853.33 4780.23 5145.01 DOWN

ACC 1293 1274.77 1256.53 1304.12 1315.23 1285.88 1589.29 DOWN

ADANIENT 162.95 153.53 144.12 168.53 174.12 159.12 151.96 UP

ADANIPORTS 370.05 365.67 361.28 375.67 381.28 371.28 395.51 DOWN

AJANTPHARM 1019.25 970.73 922.22 1047.63 1076.02 999.12 1266.52 DOWN

ALBK 40.9 40.37 39.83 41.32 41.73 40.78 58.34 DOWN

AMARAJABAT 762.75 754.07 745.38 770.27 777.78 761.58 791.68 DOWN

ANDHRABANK 30.8 30.07 29.33 31.27 31.73 30.53 47.85 DOWN

APOLLOTYRE 280.3 273.17 266.03 288.62 296.93 281.48 264.49 UP

ARVIND 400.05 394.92 389.78 404.77 409.48 399.63 413.41 DOWN

ASHOKLEY 107.45 105.5 103.55 109.7 111.95 107.75 133.75 DOWN

ASIANPAINT 1396.45 1383.72 1370.98 1406.97 1417.48 1394.23 1192.83 UP

AUROPHARMA 583.8 570.55 557.3 593.25 602.7 580 640.65 DOWN

AXISBANK 533.7 526.98 520.27 538.43 543.17 531.72 534.71 DOWN

BAJAJ-AUTO 2839.6 2719.43 2599.27 3056.78 3273.97 2936.62 3048.36 DOWN

BAJAJFINSV 6663.95 6315.3 5966.65 6897.3 7130.65 6548.65 5363.46 UP

BAJFINANCE 2721.35 2557.13 2392.92 2815.28 2909.22 2651.07 1887.84 UP

BALKRISIND 1199.75 1156.77 1113.78 1230.97 1262.18 1187.98 1105.81 UP

BALRAMCHIN 63.45 62.07 60.68 64.42 65.38 63.03 109.28 DOWN

BANKBARODA 120.25 118.08 115.92 122.03 123.82 119.87 148.12 DOWN

BANKINDIA 83.25 81.9 80.55 84.25 85.25 82.9 133.55 DOWN

BATAINDIA 842.4 832.6 822.8 849.05 855.7 839.25 760.93 UP

BEL 103.65 99.53 95.42 105.98 108.32 101.87 150.88 DOWN

BEML 756 746.57 737.13 769.22 782.43 759.78 1279.5 DOWN

BERGEPAINT 309.95 303.42 296.88 315.42 320.88 308.88 265.84 UP

BHARATFIN 1173.35 1150.12 1126.88 1190.07 1206.78 1166.83 1068.27 UP

BHARATFORG 587.15 577.6 568.05 594.1 601.05 584.55 698.51 DOWN

BHARTIARTL 345.4 341.27 337.13 348.62 351.83 344.48 433.96 DOWN

BHEL 67.5 66.2 64.9 68.5 69.5 67.2 86.81 DOWN

BIOCON 576.15 566.28 556.42 586.73 597.32 576.87 555.78 UP

BPCL 388.85 383.67 378.48 394.52 400.18 389.33 451.94 DOWN

BRITANNIA 6358.15 6301.2 6244.25 6424.9 6491.65 6367.95 5131.44 UP

CANBK 236.8 231.6 226.4 240.2 243.6 235 306.94 DOWN

CANFINHOME 325.8 323.3 320.8 329.4 333 326.9 447.63 DOWN

CAPF 484.85 479.43 474.02 490.03 495.22 484.62 655.48 DOWN

CASTROLIND 158.8 156.23 153.67 160.43 162.07 157.87 189.03 DOWN

CEATLTD 1356.1 1280.08 1204.07 1407.53 1458.97 1331.52 1605.74 DOWN

CENTURYTEX 875.3 861.67 848.03 891.27 907.23 877.63 1195.94 DOWN

CESC 886.2 875.27 864.33 894.57 902.93 883.63 1009.78 DOWN

CGPOWER 59.3 57.15 55 60.75 62.2 58.6 78.93 DOWN

CHOLAFIN 1520.4 1483.83 1447.27 1545.63 1570.87 1509.07 1407.27 UP

CIPLA 625.8 608.63 591.47 636.48 647.17 619.32 592.09 UP

COALINDIA 263.5 259.77 256.03 266.07 268.63 262.33 281.71 DOWN

COLPAL 1125.05 1116.88 1108.72 1135.48 1145.92 1127.32 1106.97 UP

CONCOR 653.25 646.23 639.22 659.13 665.02 652.12 663.72 DOWN

CUMMINSIND 632.3 624.93 617.57 642.98 653.67 635.62 800.8 DOWN

DABUR 373 369.78 366.57 376.73 380.47 373.52 351.2 UP

DALMIABHA 2360.1 2330.3 2300.5 2385.95 2411.8 2356.15 2828.94 DOWN

DCBBANK 160.5 158.75 157 163.5 166.5 161.75 180.09 DOWN

DHFL 615.55 611.1 606.65 621 626.45 616.55 589.36 UP

DISHTV 68.4 67.28 66.17 69.08 69.77 67.97 74.68 DOWN

DIVISLAB 1090.6 1076.33 1062.07 1101.58 1112.57 1087.32 1059.11 UP

DLF 170.4 168.15 165.9 172.5 174.6 170.25 214.9 DOWN

DRREDDY 2051.9 2023.6 1995.3 2076.6 2101.3 2048.3 2232.18 DOWN

EICHERMOT 27048.1 26822.83 26597.57 27211.63 27375.17 26986.37 29374.03 DOWN

ENGINERSIN 120.1 118.45 116.8 121.7 123.3 120.05 162.07 DOWN

EQUITAS 135.05 132.2 129.35 137 138.95 134.15 148.22 DOWN

ESCORTS 848.15 830.4 812.65 862.75 877.35 845 828 UP

EXIDEIND 265.85 261.5 257.15 268.6 271.35 264.25 227.73 UP

FEDERALBNK 85.75 84.83 83.92 86.83 87.92 85.92 99.21 DOWN

FORTIS 135.55 133.8 132.05 138.55 141.55 136.8 145.07 DOWN

GAIL 359.8 357.37 354.93 362.52 365.23 360.08 344.42 UP

GLENMARK 567.55 556.45 545.35 574.25 580.95 563.15 569.88 DOWN

GMRINFRA 17.85 17.68 17.52 18.13 18.42 17.97 18.4 DOWN

GODREJCP 1287.05 1267.95 1248.85 1313.55 1340.05 1294.45 1065.01 UP

GODREJIND 591.85 587.17 582.48 598.37 604.88 593.68 582.99 UP

GRANULES 91.5 87.53 83.57 93.73 95.97 89.77 113.29 DOWN

GRASIM 939.1 929.73 920.37 946.63 954.17 937.27 1112.3 DOWN

GSFC 101.6 100.62 99.63 102.47 103.33 101.48 131.24 DOWN

HAVELLS 560.4 552.37 544.33 570.67 580.93 562.63 531.19 UP

HCLTECH 999.2 985 970.8 1008.95 1018.7 994.75 926.63 UP

HDFC 1973.85 1959.97 1946.08 1984.87 1995.88 1970.98 1809.04 UP

HDFCBANK 2189.05 2172.48 2155.92 2204.23 2219.42 2187.67 1927.42 UP

HDIL 17.95 17.43 16.92 18.48 19.02 17.97 44.69 DOWN

HEROMOTOCO 3376.95 3302.97 3228.98 3469.97 3562.98 3395.98 3630.99 DOWN

HEXAWARE 502.4 484.4 466.4 512.65 522.9 494.65 377.18 UP

HINDALCO 195.65 192.1 188.55 200.7 205.75 197.15 243.42 DOWN

HINDPETRO 275.4 272.72 270.03 279.72 284.03 277.03 368.65 DOWN

HINDUNILVR 1655.85 1632.62 1609.38 1675.27 1694.68 1652.03 1405.08 UP

HINDZINC 265.25 262.57 259.88 267.97 270.68 265.28 304.56 DOWN

IBREALEST 148.3 142.12 135.93 151.77 155.23 145.58 201.71 DOWN

IBULHSGFIN 1196.95 1185.4 1173.85 1213.25 1229.55 1201.7 1234.23 DOWN

ICICIBANK 265.8 262.5 259.2 268.4 271 265.1 299.87 DOWN

ICICIPRULI 355.85 349.43 343.02 360.13 364.42 353.72 397.54 DOWN

ICIL 82.3 81.3 80.3 83.5 84.7 82.5 98.84 DOWN

IDBI 58 56.6 55.2 59 60 57.6 63.04 DOWN

IDEA 51.15 49.68 48.22 52.13 53.12 50.67 79.81 DOWN

IDFC 44.2 43.8 43.4 44.85 45.5 44.45 55.2 DOWN

IDFCBANK 36.85 36.45 36.05 37.2 37.55 36.8 50.31 DOWN

IGL 278.65 275.27 271.88 281.37 284.08 277.98 294.83 DOWN

INDIACEM 102.75 99.98 97.22 104.38 106.02 101.62 153.84 DOWN

INDIANB 310.25 301.47 292.68 324.02 337.78 315.23 339.5 DOWN

INDIGO 1063.65 1047.22 1030.78 1078.17 1092.68 1061.73 1219.33 DOWN

INDUSINDBK 1902.55 1882.05 1861.55 1918.5 1934.45 1898 1769.03 UP

INFIBEAM 167.85 158.78 149.72 174.93 182.02 165.87 156.89 UP

INFRATEL 286 284.6 283.2 287.8 289.6 286.4 349.33 DOWN

INFY 1348.1 1323.88 1299.67 1369.73 1391.37 1345.52 1117.27 UP

IOC 161.05 159.62 158.18 163.37 165.68 161.93 184.19 DOWN

IRB 188.4 184.98 181.57 191.48 194.57 188.07 230.31 DOWN

ITC 274 271.5 269 275.65 277.3 273.15 267.4 UP

JETAIRWAYS 303.1 298.12 293.13 309.07 315.03 304.08 598.27 DOWN

JINDALSTEL 183.4 180.25 177.1 186.35 189.3 183.2 218.25 DOWN

JISLJALEQS 74.65 72.98 71.32 77.08 79.52 75.42 109.37 DOWN

JPASSOCIAT 15.1 14.73 14.37 15.43 15.77 15.07 18.34 DOWN

JSWENERGY 61.85 61.1 60.35 63.25 64.65 62.5 79.24 DOWN

JSWSTEEL 304.15 300.08 296.02 307.73 311.32 303.67 293.6 UP

JUBLFOOD 1481.4 1429.97 1378.53 1515.92 1550.43 1464.48 1073.6 UP

JUSTDIAL 580.6 570.82 561.03 592.12 603.63 582.33 494.11 UP

KOTAKBANK 1333.3 1320.68 1308.07 1356.23 1379.17 1343.62 1131.87 UP

KPIT 292.7 288.97 285.23 297.47 302.23 293.73 214.11 UP

KSCL 580.4 565.4 550.4 592.6 604.8 577.6 525.51 UP

KTKBANK 108.65 107.57 106.48 110.12 111.58 109.03 135.14 DOWN

L&TFH 155.6 152.1 148.6 157.85 160.1 154.35 171.67 DOWN

LICHSGFIN 518.05 510.1 502.15 523.45 528.85 515.5 543.5 DOWN

LT 1270.35 1254.27 1238.18 1287.72 1305.08 1271.63 1291.8 DOWN

LUPIN 800.65 794.63 788.62 804.53 808.42 798.52 853.75 DOWN

M&M 909.75 904.1 898.45 915.3 920.85 909.65 779.61 UP

M&MFIN 469 464.7 460.4 475.1 481.2 470.8 461.69 UP

MANAPPURAM 100.65 99.43 98.22 101.53 102.42 100.32 108.63 DOWN

MARICO 351.35 346.8 342.25 354.35 357.35 349.8 318.5 UP

MARUTI 9398.95 9334.63 9270.32 9463.63 9528.32 9399.32 8846.45 UP

MCDOWELL-N 566.95 555.18 543.42 576.83 586.72 565.07 648.22 DOWN

MCX 798.45 786.82 775.18 810.52 822.58 798.88 850.7 DOWN

MGL 821.6 813.83 806.07 826.58 831.57 818.82 996.34 DOWN

MOTHERSUMI 298.45 286.4 274.35 305.2 311.95 293.15 339.95 DOWN

MRF 76812.45 74713.8 72615.15 78297.3 79782.15 76198.65 71660.98 UP

MRPL 81.95 78.05 74.15 84.15 86.35 80.25 113.33 DOWN

MUTHOOTFIN 389.85 379.97 370.08 396.82 403.78 386.93 428.53 DOWN

NATIONALUM 58.85 58 57.15 59.8 60.75 58.95 75.37 DOWN

NBCC 63.45 62.6 61.75 64.1 64.75 63.25 106.67 DOWN

NCC 79.75 78.43 77.12 81.63 83.52 80.32 115.25 DOWN

NMDC 96.25 94.42 92.58 97.67 99.08 95.83 124.57 DOWN

NTPC 155.65 154.43 153.22 156.43 157.22 155.22 169.83 DOWN

OFSS 3883.25 3776.18 3669.12 3964.13 4045.02 3857.07 3917.02 DOWN

OIL 207.05 204.03 201.02 211.23 215.42 208.22 230.71 DOWN

ONGC 157.95 155.7 153.45 161.1 164.25 158.85 180.54 DOWN

ORIENTBANK 71.45 67.9 64.35 73.7 75.95 70.15 103.79 DOWN

PCJEWELLER 81.9 69.8 57.7 89.5 97.1 77.4 317.36 DOWN

PEL 2501.95 2484.63 2467.32 2524.63 2547.32 2507.32 2613.29 DOWN

PETRONET 207.45 206.23 205.02 209.08 210.72 207.87 237.49 DOWN

PFC 71.2 69.75 68.3 72.5 73.8 71.05 102.93 DOWN

PIDILITIND 1030.95 1024.12 1017.28 1042.67 1054.38 1035.83 943.89 UP

PNB 75.55 74.77 73.98 76.27 76.98 75.48 128.15 DOWN

POWERGRID 175.8 173.95 172.1 177.8 179.8 175.95 200.28 DOWN

PTC 69.15 68.23 67.32 70.03 70.92 69.12 100.48 DOWN

PVR 1151.05 1124.38 1097.72 1178.33 1205.62 1151.67 1358.1 DOWN

RAMCOCEM 630.9 618.53 606.17 644.83 658.77 632.47 745.59 DOWN

RAYMOND 800.3 789.25 778.2 817.25 834.2 806.2 977.29 DOWN

RBLBANK 577.8 561.53 545.27 589.53 601.27 573.27 514.13 UP

RCOM 12.95 12.67 12.38 13.17 13.38 12.88 19.44 DOWN

RECLTD 91.6 90.47 89.33 92.52 93.43 91.38 137.39 DOWN

RELCAPITAL 350.75 342.87 334.98 356.77 362.78 348.88 459.71 DOWN

RELIANCE 1128.65 1114.2 1099.75 1140.8 1152.95 1126.35 939 UP

RELINFRA 386.75 376.28 365.82 392.98 399.22 382.52 453.31 DOWN

REPCOHOME 574 566.5 559 586.75 599.5 579.25 605.62 DOWN

RPOWER 30.85 29.97 29.08 31.37 31.88 30.48 39.66 DOWN

SAIL 71.3 70.12 68.93 72.22 73.13 71.03 79.27 DOWN

SBIN 261.5 259.03 256.57 263.48 265.47 261.02 279.41 DOWN

SHREECEM 16536.6 16234.37 15932.13 16724.52 16912.43 16422.28 17213.18 DOWN

SIEMENS 964.75 939.95 915.15 980.6 996.45 955.8 1142.73 DOWN

SOUTHBANK 22.5 21.78 21.07 22.98 23.47 22.27 27.58 DOWN

SREINFRA 54.15 51.3 48.45 57.8 61.45 54.95 88.2 DOWN

SRF 1563.3 1533.73 1504.17 1589.18 1615.07 1559.62 1877.56 DOWN

SRTRANSFIN 1172.65 1152.92 1133.18 1188.77 1204.88 1169.03 1375.11 DOWN

STAR 346.1 341.05 336 350.3 354.5 345.25 662.32 DOWN

SUNPHARMA 560.1 549.07 538.03 567.07 574.03 556.03 534.95 UP

SUNTV 761.4 751.43 741.47 771.93 782.47 761.97 897.08 DOWN

SUZLON 7.1 6.98 6.87 7.18 7.27 7.07 12.21 DOWN

SYNDIBANK 38.8 38.32 37.83 39.27 39.73 38.78 64.32 DOWN

TATACHEM 660.15 655.92 651.68 667.42 674.68 663.18 719.53 DOWN

TATACOMM 552.85 546.32 539.78 558.07 563.28 551.53 643.97 DOWN

TATAELXSI 1394.5 1380.37 1366.23 1404.32 1414.13 1390.18 1064.01 UP

TATAGLOBAL 238.6 232.92 227.23 242.62 246.63 236.93 269.31 DOWN

TATAMOTORS 253.4 251.6 249.8 254.6 255.8 252.8 364.56 DOWN

TATAMTRDVR 140.85 139.3 137.75 141.9 142.95 140.35 207.84 DOWN

TATAPOWER 67.85 67.23 66.62 68.38 68.92 67.77 84.21 DOWN

TATASTEEL 503.2 496.88 490.57 507.63 512.07 501.32 632.92 DOWN

TCS 1996.6 1987.07 1977.53 2003.07 2009.53 1993.53 1532.33 UP

TECHM 659.45 648.05 636.65 666.3 673.15 654.9 590.11 UP

TITAN 860.4 853 845.6 872.2 884 864.8 843.91 UP

TV18BRDCST 44.9 44.35 43.8 45.4 45.9 44.85 55.72 DOWN

TVSMOTOR 564.9 560.5 556.1 569.4 573.9 565 662.64 DOWN

UBL 1070.9 1049.42 1027.93 1108.17 1145.43 1086.68 1084.65 DOWN

UJJIVAN 380.3 371.45 362.6 385.8 391.3 376.95 377.13 UP

ULTRACEMCO 3871.7 3839.47 3807.23 3894.47 3917.23 3862.23 4083.06 DOWN

UNIONBANK 76.75 75.5 74.25 77.6 78.45 76.35 118.21 DOWN

VEDL 202.4 199.85 197.3 205.75 209.1 203.2 294.73 DOWN

VGUARD 193.75 189.2 184.65 196.35 198.95 191.8 223.01 DOWN

VOLTAS 552.95 536.1 519.25 563.85 574.75 547 590.13 DOWN

WIPRO 283 278.8 274.6 288.9 294.8 284.7 287.44 DOWN

WOCKPHARMA 562.95 556.83 550.72 571.73 580.52 565.62 740.16 DOWN

YESBANK 386.5 383.7 380.9 390.9 395.3 388.1 330.42 UP

ZEEL 514.35 509.35 504.35 520.6 526.85 515.6 563.62 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 Friday's trade, MCX Gold was seen attempting a rebound. Bias continues to be neutral. Confirmation of strength above 30101. Interweek Strategy: Establish long positions at CMP, targeting 30101 and then at 30500-30711 zone. Stop 29211.

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

Bias on crude-oil shifts to neutral. Key support seen at 4627. Confirmation of strength above 4951. Interweek strategy: Sell between 4801-4811 zone, targeting 4627 zone and then 4501 and then at 4295-4311 zone with stop at 4971.

Copper prices were seen inching up in Friday's trade. Support now seen at 401. Confirmation of strength only above 451. Interweek strategy: Establish sell positions on strength between 431-433 zone, targeting 411 and then at 401-405 zone with stop at 451.

Natural Gas prices were seen consolidating in Friday's trade. Key supports now at 185. Interweek strategy: Establish long positions at CMP, targeting 201 and then aggressive targets at 217-223 zone with stop at 183.

USD/INR was seen drifting in Friday's trade. Key interweek support seen at 68.45. Hurdles now seen at 69.11. Intraday Strategy: Sell at CMP, targeting 68.45 and then aggressive targets at 67.75-69 zone with stop ABOVE 69.21.

29895 29551 29211 30101 30711 Neutral

38430 37951 37201 39451 39953 Neutral

4713 4501 4295 4807 4951 Negative

420 411 401 433 451 Neutral

190.00 185.00 179.00 201.00 225.00 Neutral

68.85 68.45 67.75 69.11 70.05 Neutral

Gold prices end higher in Friday's trade as Trump’s remarks slams dollar.

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



The U.S Dollar in Friday's trade sees biggest one-day drop in 3 weeks after Trump comments.

In Friday's trade, gold prices staged a smart rebound amidst slipping US Dollar. Confirmation of strength only above 1237. Support seen at 1201-1205 zone.

Silver prices were seen inching up in Friday's trade, tracking rebound in gold prices. Confirmation of strength only above 16.21. At the moment downside risk remains at 15.05.

Crude-Oil prices were seen consolidating in Friday's trade. Major hurdles now seen at 71.50 zone. Interweek strategy: Sell between 70-70.50 zone, targeting 67.45 zone and then at 65 zone with stop at 71.75.

The EUR/USD was seen inching up in Friday'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.

The U.S. dollar traded with negative bias in Friday's trade. Technically, bias now shifts to neutral. Hurdles at 97.50. Downside well supported at 92.50. Major weakness now only below 92.50.

At Wall Street, the Dow Jones index ended slightly lower on Friday as new questions surrounding government policy despite positive earnings releases. Negative bias.

1232 1221 1201 1237 1253 Neutral

15.55 15.05 14.21 16.21 17.09 Neutral

68.15 67.45 65 70.05 71.5 Negative

1.1722 1.1505 1.4445 1.1901 1.2205 Neutral

94.48 92.50 89.25 97.50 99.00 Positive

25058 23405 22501 25505 26125 Negative


DAILY PIVOT TABLE



CommodityExchange Close S1 S2 R1 R2 200 Day

SMA Reversal

Point Trend

MCX ALUMINUM 140.65 138.7 136.75 141.85 143.05 142.7 143.05 DOWN

MCX CARDAMOM 1131.5 1125.33 1119.17 1137.33 1143.17 1027.8 1101 DOWN

NCDEX CASTOR 4558 4531 4504 4590 4622 4232.67 4393 UP

NCDEX CHANA 4314 4288 4262 4362 4410 4040.45 4233 UP

MCX COPPER 420.35 416.17 411.98 423.02 425.68 450.78 433.85 UP

MCX COTTON 22280 22126.67 21973.33 22436.67 22593.33 20382.4 23060 DOWN

MCX CRUDE-OIL 4707 4663.33 4619.67 4753.33 4799.67 4154.34 4876 DOWN

MCX GOLD 29920 29782 29644 30009 30098 30171.8 30064 DOWN

NCDEX GAUR GUM 9016 8969 8922 9063 9110 8600.88 8723.5 DOWN

NCDEX GAUR SEED 3995.5 3965.67 3935.83 4044.67 4093.83 3971.24 3952 UP

NCDEX JEERA 18695 18691.67 18688.33 18696.67 18698.33 17685.25 18467.5 UP

MCX LEAD 146.35 145.1 143.85 147.55 148.75 160.67 152.4 UP

MCX MENTHA OIL 1579.6 1554.6 1529.6 1619.3 1659 1435.02 1439.9 DOWN

MCX NATURAL GAS 190.2 189.5 188.8 191.3 192.4 188.09 193.7 UP

MCX NICKLE 926.3 918.23 910.17 934.53 942.77 873.65 967.3 DOWN

NCDEX RM SEED 4204 4166.67 4129.33 4230.67 4257.33 3977.99 4132 DOWN

MCX SILVER 38457 38157.66 37858.33 38634.66 38812.33 39105.59 39354 UP

NCDEX SUGAR 2709 2709 2709 2709 2709 3619.22 2651 DOWN

NCDEX SOYA BEAN 3610 3600 3590 3620 3630 3400.15 3449 UP

MCX ZINC 179.35 176.92 174.48 182.17 184.98 209.99 182.7 UP


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.

Enjoy Your Comfort Zone. Invest Smart. Build Wealth. www.comfortsecurities.co.in

Registered Office Mumbai:

Comfort Securities Ltd.

A-301, Hetal Arch, S.V. Road, Opp. Natraj Mkt.,

Malad (W), Mumbai 400 064

Phone: 91-22-28811259, 28449765, 28825509

Fax: 91-22-28892527

Email: [email protected]


605, 6th Floor, DDA2 Building,

New Delhi 110058,

Janakpuri District Center,

Janakpuri, Delhi, 110058

011 4568 0560

Comfort Securities Ltd

2nd Floor, Shop No S14, T 14,

Friends Tower, Sanjay Place,

Agra

Documents

Comfort Securities Limited Daily Research Reports › Admin › File › Comfort (Daily-Re… · The market breadth, indicating the overall health of the market, was weak. The BSE