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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
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Welcome Note
Friday22nd June, 2018
Stock Of The Day: (F & O)
Forecast and Analysis
CONTENTS
Enjoy Your Comfort Zone.
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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
Enjoy Your Comfort Zone.
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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 Friday’s trading action at Dalal Street, dated 22nd June 2018.
Early action at SGX Nifty is indicating a tumultuous start to the last trading of the week, and
the key negative catalyst continues to be the ratcheting up of trade tensions by U.S.
President Donald Trump.
Optimism is clearly seen flipping down as investors are seen worried over the tensions and
recent tariffs that could develop into a headwind for the global economy.
Our call of the day suggests that a ‘perfect storm’ is brewing at our stock
markets.
If yesterday’s trading action at Dalal Street is any indication then the era of calm markets
and big price swings on the upside seem to be over. We suspect, going forward, the new
normal on Dalal Street would be all about wild fluctuations, and most probably the
direction will be on the downhill.
Dampening sentiments are also the unabated selling from the foreign funds (FIIs) camp.
The market breadth, indicating the overall health of the market, continuous to remain
weak.
Long story short: Expect brutal sessions in near term as downside risk for Nifty now seen
at 10551-10601 zone.
What Technical Tells Us on Nifty: In Thursday’s trade, the benchmark Nifty traded
with negative bias as Nifty fell 31 points to settle at 10,741. The BSE Mid-Cap index fell
0.53%. The BSE Small-Cap index fell 0.79%. Both these indices underperformed the
Sensex.
Technically speaking, the landscape has deteriorated after yesterday’s severe
selling. The make or break intraday support levels on Nifty are at 10,701 mark. Below
10701, the downside risk on Nifty is at 10597 mark.
In today’s session, Nifty may most likely trade lackluster with investors likely to struggle for
traction o the upside. Aggressive buying advised only above Nifty 10845 mark.
The technical landscape will worsen further if Nifty slips below the 10327 mark as that
would open the door to massive technical selling, possibly quickly to the 10000-10050
zone.
The price action for Nifty is suggesting that we are likely to see a 10,550-10900
range in near term with negative bias. Hence, establishing short positions on any
intraday corrective strength with strict stop above 10911 should be the preferred trading
strategy for the day.
Outlook for Friday: Negative session likely.
Pessimism likely to be the order of the day as worldwide investors are not entirely
convinced that trade wars have disappeared below the horizon. Overnight, Wall Street
ended lower; as Dow Jones index extended losing streak to 8 days amidst gloomy lingering
trade issue.
Judging by early trends at SGX Nifty, it appears there will be a panic at our stock markets.
Investors’ would prefer to stay sidelines, have a wait and watch approach ahead of
renewed trade worries. Now, before we get into detail; let’s look at major instruments at
the time of writing.
DOW (-165, 24505) NASDAQ (-51, 7731) SGX NIFTY (-33, 10700) NIKKEI (-21, 22533)
OIL (+0.33, $66.04) GOLD (-5, $1270)
10741 -0.29%
26497 -0.23%
11033 -0.94%
28331 -0.66%
3138 -1.00%
13772 0.28%
3145 -0.04%
4943 -0.68%
3422 -1.08%
9199 -1.00%
282 -0.79%
7415 -1.07%
35432 -0.32%
10705 -0.27%
Sell on strength.
Negative (10651-10805)
Neutral (10301-11001)
Neutral (11301)
10597 & 10325
10791 & 10911
10301
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Technical Strategy
‘30,000 feet view’: The big picture of Dalal Street
Commodity Cues:
• In commodities, Crude -oil prices were sharply lower on Thursday, after media
reports said Iran might accept a modest increase in production at this week’s OPEC
summit.
All anxious eyes now turn to OPEC’s meeting on June 22 in Vienna. Delegates from
OPEC and a group of non-OPEC countries led by Russia are gathering in Vienna to
discuss the future of their output target, which has been in place since January
2017.
• Gold prices continued to trade at the lowest level of 2018, on backdrop of strength
in benchmark U.S. dollar index, which touched an 11-month peak, weighing on
assets pegged to the monetary unit.
Currencies & Bonds:
• In the fixed income, the yield on 10-year Treasuries was steady at 2.89 percent.
• Euro was consolidating after the European Central Bank announced that it would
look to finish its bond-buying program by year-end but also pledged to leave
interest rates unchanged until mid-2019.
• In yesterday’s trade, the US Dollar index traded subdued unable to gain any
traction amidst oinging trade war, but continued to trade near the best level since
last 11-months, near 95 mark.
• In yesterday’s trade, the USD/INR was seen consolidating. Bias continues to be
positive. Aggressive targets at 70.05.
Macro Watch:
• Yesterday, the Bank of England kept rates on hold, but the vote split showed a
surprisingly hawkish tilt. Three out of the nine policy makers voted in favor of higher
rates, up from two at the May meeting.
• The Reserve Bank of India monetary policy committee struck a balanced note on its
rate stance going forward and cited rising inflation pressure due to high oil prices as
the key reason for raising interest rates in the June meeting, according to minutes of
the meeting released by the RBI on Wednesday.
However, the six members who had unanimously voted for a rate hike at the June 6
meeting preferred to wait for more clarity on the inflationary impact of a
government proposal to increase the minimum purchase price of foodgrains, along
with the direction of oil prices. That prompted them to hold their stance at "neutral"
instead of moving to "tight".
IPO Watch:
• State-owned Rail India Technical and Economic Services (RITES) has launched its
Rs 466-crore IPO, which was the first divestment exercise of the current fiscal by the
government.
With RITES’s offer, the government intends to divest 12.6% of the stake in the
company. RITES IPO Subscribed Two Times On Day 2.
• Fine Organic Industries IPO was subscribed over 20 percent on the second day of
subscription.
Stocks To Watch:
• Our chart of the day suggests establishing short positions on any sharp corrective
strength in stocks like L&T FINANCIAL, EICHER MOTORS and LIC
HOUSING FINANCE.
BANK NIFTY
Action
Target
Support
Resistance
Holding Period
26497
SELL
25001
26001/24901
26805/27201
21 Days.
In yesterday’s trade, Bank Nifty was seen trading
with negative bias, down 0.23%.
Technically, Bank Nifty is signaling a major
breakdown on the daily charts from a higher
consolidation zone.
The index is in bearish position where it wants to
descent from overbought technical conditions.
The recent sequence of lower high/low is intact
on intraday charts.
The momentum oscillators are likely to shift on
sell side only on any move below 26001 zone and
such down move needs to be backed by increases
in volumes.
Key support to watch in near term is at 26001
zone. Medium term supports seen at 24901 zone.
Establish short positions at CMP, targeting 26001
zone and then at 24901-25101 zone with strict
stop at 26751.
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‘30,000 feet
view’: The big
picture of
Dalal Street
‘30,000 feet view’: The big picture of Dalal Street
• Bullish stocks: BAJAJ FINANCE, JSW STEEL, RELIANCE INDUSTRIES, MARICO.
• Bearish stocks: LIC HOUSING FINANCE, NALCO, BANK OF BARODA, BANK OF
INDIA, BHEL, CANFINA HOMES, DALMIA CEMENTS, JAIN IRRIGATION,
KARNATAKA BANK, L&T FINANCIAL, LARSEN, MANAPURAM, MGL, MINDTREE,
NALCO, OBC, PNB, SHREE CEMENT, TATA COMMUNICATION, UJJIVAN, UPL.
• Show Me the Money: Sell L&T FINANCIAL (CMP 160.75): A probable 'descending
triangle' on the daily charts. Key support seen at 160 mark. Key hurdles seen at
167.50. Interweek Strategy: Sell at CMP, targeting 159 and then at 145-151 zone.
Stop above 165.65.
• Shares of oil-to-telecom conglomerate Reliance Industries hit a record closing high
on Thursday.
• Tata Motors plans to drive in 50 commercial vehicles this fiscal
• HCC seeks shareholders nod for fund raising for up to Rs10bn securities issue.
• Government aims to raise about Rs. 60bn via tranche of Bharat 22 ETF, Bharat 22
ETF tranche to open June 19-22.
• Stocks banned in F&O segment for today: CGPOWER, DHFL, INFIBEAM,
JPASSOCIATES.
Bulls Vs. Bears: Time to Pick a Side!!
Brace yourself as sentiments have definitely got rattled and expect our benchmark Nifty to
behave erratically — up and down hundreds of points in a single day.
For the day, on backdrop of weak technical structure, selling on any sharp corrective
strength should be the preferred trading strategy.
Preferred trade on Nifty: Nifty (10741): Sell at CMP, targeting 10575-10601 and then at
10451-10501 zone with stop at 10911.
Preferred trade on Bank Nifty: Bank Nifty (26496): Sell at CMP, targeting 26001 zone
and then at 24901-25101 zone with strict stop at 26751.
Daily Chart of Nifty:
Enjoy Your Comfort Zone.
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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
Enjoy Your Comfort Zone.
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Stock Of The Day: (F & O)
The stock is signaling a major breakdown from a higher consolidation on daily charts. Intraday Strategy: Establish short positions at CMP, targeting 29101 and then aggressive targets located at 28445-28551 zone. Stop above 30101.
The interweek risk is on the downside with immediate targets at 3545. Momentum oscillators signaling major weakness. Interweek Strategy: Sell at CMP, targeting 3609 and then at 3545-3551 zone with stop above 3681.
A probable 'descending triangle' on the daily charts. Key support seen at 160 mark. Key hurdles seen at 167.50. Interweek Strategy: Sell at CMP, targeting 159 and then at 145-151 zone. Stop above 165.65.
Manappuram ended on a weak note in Thursday's trading session, down 1.41%. Key intraday support seen at 96. Interweek Strategy: Sell at CMP, targeting 96 and then at 91-92.50 zone. Stop above 104.05.
The stock has signaled a major breakdown from a lower consolidation on daily charts. Interweek Strategy: Establish short positions between 87-89 zone, targeting 82 and then aggressive targets located at 77.50-79 zone. Stop above 91.
After Thursday's brutal session, if you are staying bullish, then more power to you. L&T Financial appears weak.
EICHER MOTORS
HEROMOTO CORP
L&T FINANCIAL
MANAPPURAM
UNION BANK OF INDIA
29425 29101 28445 29751 30101 Negative
3635 3609 3545 3675 3721 Negative
160.95 159 145 165.05 170.05 Negative
101.3 96 91 104.05 107.05 Negative
86.2 82 77.5 90 92.5 Negative
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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)
Friday22nd June, 2018
Market Summary:
The benchmark Nifty after showing signs of recovery in morning trade, ended sharply
lower. The optimism was rattled by an escalation in the trade fight between the U.S. and
China, the world’s two largest economies. Chinese stocks too plunged, and most importantly moved closer to bear-market territory.
Hong Kong also ended on a negative note which left the Hang Seng near 2018’s closing
low. Amongst Broad Indices, the BSE Midcap Index fell sharply, down 0.53%. The BSE Small
Cap Index too was down by 0.69%. Both the indices underperformed the Sensex.
Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE Oil & Gas Index
(up 0.60%), BSE IT Index (down 0.12%).
Amongst the sectoral indices, underperforming the Sensex/Nifty were BSE HealthCare
(down 1.11%), BSE Capital Goods Index (down 1.09%), BSE Metal (down 0.98%).
Amongst stock specific action, positive bias was seen in stocks like IOC (up 2.93%), BPCL
(up 2.74%), HIND PETRO (up 2.37%).
Among stocks drifting down were: M&M (down 2.30%), TITAN (down 2.25%), DR
REDDY (down 2.17%).
Nifty’s key hurdle now seen at psychological 11000 mark. Maximum OI at 11000 strike
price; followed by 10,800 call option. Unwinding of positions was the theme for call
options of 10800 & 10900 strike prices. Call unwinding was seen at the strike price of
11,100.
Nifty’ must watch support levels would be 10,700 mark as maximum Put OI contracts
were seen at strike price 10,700 followed by 10,600 strike price. Put writing was seen at
the 10,700 strike price. Put unwinding was seen at the strike price of 10,800.
As per Thursday’s provisional data available on the NSE, Foreign institutional investors
(FIIs) bought after 11 days of selling worth Rs.1126.75 crore. Domestic institutional
investors bought shares worth Rs 663.57 crore in the Indian equity market.
Highest OI Nifty: Calls 11000: 52.99 L - Puts 10700: 48.43 L
Highest OI Bank Nifty: Calls 27000: 17.08 L - Puts 26000: 9.81 L
Change in Stock Open Interest (OI) in previous day’s trade.
Long Buildup: RELIANCE, SUN TV, HPCL, CG POWER, BPCL.
Short Buildup: TATA STEEL, VEDL, PNB, BANK OF INDIA, IBHSGFIN.
Short Covering: LIC HOUSING, ENGINEERS INDIA, IGL, DABUR
Long Unwinding: JSW STEEL, SUN PHARMA, GAIL.
Stocks banned in F&O segment for today: CGPOWER, DHFL, INFIBEAM,
JPASSOCIATES.
New In Ban: CG POWER.Out of Ban: JET AIRWAYS.
Future Call: Sell TATA STEEL JUNE Futures at CMP 557.95. Targets:
548 and then at 539. Stop: 569.75. Analyst’s Remark: Breaking
Down.
Option Call: Sell BANK NIFTY 28TH JUNE CE strike price 26600 at
CMP 123.15. Maximum Profit: Rs. 4926. Loss: Unlimited. Stop: Exit
Call Option if Bank Nifty closes above 26600. (Bank Nifty June
Futures CMP 26469.95).
10741.10 (-0.29%)
26496.95 (-0.23%)
12.4475 (+2.26%)
-7 vs +16
2.46 crores (+0.32%)
26.32 lakhs (-8.14%)
4315.3 2343.97
24978.06 25095.71
1757000.41 887651
204689 18883.45
742738 49647.68
15961731 1644763.58
597506 43705.7
17056664 1757000.41
Calls in lakhs (%Change)
10800 44.87 (-42%)
10900 35.92 (-2%)
11000 52.45 (+7%)
Puts in lakhs (% Change)
10700 49.43 (-10%)
10800 24.72 (-13%)
10600 43.45 (-7%)
www.comfortsecurities.co.in
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.
Friday22nd June, 2018
NIFTY 10741.1 10708.13 10675.17 10791.83 10842.57 10758.87 10416.31 UP
BANKNIFTY 26496.95 26406.95 26316.95 26634.95 26772.95 26544.95 25363.71 UP
NIFTYMID50 4943.4 4921.2 4899 4979.7 5016 4957.5 5139.83 DOWN
ACC 1270.05 1260.63 1251.22 1279.73 1289.42 1270.32 1633.82 DOWN
ADANIENT 129.85 128 126.15 132.2 134.55 130.35 152.22 DOWN
ADANIPORTS 366.9 363.63 360.37 372.48 378.07 369.22 398.22 DOWN
AJANTPHARM 1042.7 1028.1 1013.5 1063.65 1084.6 1049.05 1285.65 DOWN
ALBK 43.55 42.87 42.18 44.67 45.78 43.98 61.22 DOWN
AMARAJABAT 760.1 750.2 740.3 772.4 784.7 762.5 790.84 DOWN
ANDHRABANK 33.85 33.53 33.22 34.23 34.62 33.92 50.36 DOWN
APOLLOTYRE 274.25 270.3 266.35 276.85 279.45 272.9 263.35 UP
ARVIND 410.3 405.9 401.5 415.35 420.4 410.95 412.54 DOWN
ASHOKLEY 135.1 133.65 132.2 137.55 140 136.1 132.63 UP
ASIANPAINT 1253 1239.37 1225.73 1273.27 1293.53 1259.63 1180.44 UP
AUROPHARMA 608.55 602.53 596.52 618.13 627.72 612.12 654.32 DOWN
AXISBANK 513.05 508.77 504.48 519.67 526.28 515.38 533.22 DOWN
BAJAJ-AUTO 2830.1 2809.22 2788.33 2864.47 2898.83 2843.58 3054.11 DOWN
BAJAJFINSV 5991.55 5950.1 5908.65 6033.5 6075.45 5992.05 5291.33 UP
BAJFINANCE 2257.45 2242.37 2227.28 2280.27 2303.08 2265.18 1833.3 UP
BALKRISIND 1107.95 1094.3 1080.65 1127.3 1146.65 1113.65 1074.38 UP
BALRAMCHIN 67.35 65.78 64.22 70.13 72.92 68.57 120.29 DOWN
BANKBARODA 122 120.37 118.73 124.77 127.53 123.13 150.72 DOWN
BANKINDIA 93.6 92.72 91.83 95.07 96.53 94.18 139.81 DOWN
BATAINDIA 834.35 828.08 821.82 844.23 854.12 837.97 747.61 UP
BEL 109.35 107.47 105.58 111.82 114.28 109.93 157.74 DOWN
BEML 857.5 847.25 837 873.85 890.2 863.6 1381.9 DOWN
BERGEPAINT 283.75 279.95 276.15 287.25 290.75 283.45 261.85 UP
BHARATFIN 1174.5 1165.83 1157.17 1187.08 1199.67 1178.42 1044.14 UP
BHARATFORG 607.45 597.12 586.78 625.72 643.98 615.38 697.58 DOWN
BHARTIARTL 368.7 363.33 357.97 374.53 380.37 369.17 437.49 DOWN
BHEL 75.45 74.75 74.05 76.4 77.35 75.7 88.6 DOWN
BIOCON 620.35 613.67 606.98 626.87 633.38 620.18 527.17 UP
BPCL 421.95 410.67 399.38 429.82 437.68 418.53 464.08 DOWN
BRITANNIA 5962.7 5931.82 5900.93 6011.77 6060.83 5980.88 4924.98 UP
CANBK 255.1 251.87 248.63 260.97 266.83 257.73 316.31 DOWN
CANFINHOME 346.7 342.37 338.03 351.17 355.63 346.83 470.17 DOWN
CAPF 564.85 561 557.15 569.3 573.75 565.45 682.44 DOWN
CASTROLIND 170.1 168.47 166.83 171.27 172.43 169.63 191.97 DOWN
CEATLTD 1313.2 1295.1 1277 1340.55 1367.9 1322.45 1653.18 DOWN
CENTURYTEX 898.15 891.6 885.05 908.35 918.55 901.8 1236.03 DOWN
CESC 954.85 947.93 941.02 962.98 971.12 956.07 1022.68 DOWN
CGPOWER 54.95 54.07 53.18 55.92 56.88 55.03 81.55 DOWN
CHENNPETRO 305.5 299.13 292.77 309.93 314.37 303.57 381.71 DOWN
CHOLAFIN 1608.85 1591.27 1573.68 1638.17 1667.48 1620.58 1365.46 UP
CIPLA 603.5 600.43 597.37 608.13 612.77 605.07 586.66 UP
COALINDIA 267.7 265.03 262.37 271.63 275.57 268.97 281 DOWN
COLPAL 1177.75 1169.37 1160.98 1191.32 1204.88 1182.93 1103.03 UP
CONCOR 1256.3 1243.9 1231.5 1274.6 1292.9 1262.2 1334.24 DOWN
CUMMINSIND 679.15 673.62 668.08 685.07 690.98 679.53 828.68 DOWN
DALMIABHA 2352.95 2322.03 2291.12 2406.88 2460.82 2375.97 2871.25 DOWN
DCBBANK 174.45 173 171.55 175.95 177.45 174.5 181.93 DOWN
DHFL 632.15 623.6 615.05 641.55 650.95 633 582.63 UP
DISHTV 71.7 71.27 70.83 72.12 72.53 71.68 75.3 DOWN
DIVISLAB 1056.25 1041.5 1026.75 1080.5 1104.75 1065.75 1034.43 UP
DLF 198.85 196.77 194.68 201.42 203.98 199.33 214.62 DOWN
DRREDDY 2316.4 2285.6 2254.8 2368.1 2419.8 2337.3 2236.26 UP
EICHERMOT 29424.9 29167.67 28910.43 29870.22 30315.54 29612.98 29774.49 DOWN
EQUITAS 143.75 142.1 140.45 146.5 149.25 144.85 150.85 DOWN
ESCORTS 889.1 880.8 872.5 901.15 913.2 892.85 805.09 UP
EXIDEIND 252 249.48 246.97 254.78 257.57 252.27 222.74 UP
FEDERALBNK 82.3 81.4 80.5 83.7 85.1 82.8 102.49 DOWN
FORTIS 134.8 133.2 131.6 136.3 137.8 134.7 146.21 DOWN
GAIL 339.3 335.27 331.23 344.37 349.43 340.33 339.4 DOWN
GLENMARK 602.05 589.08 576.12 611.13 620.22 598.17 572.3 UP
GMRINFRA 15.95 15.7 15.45 16.15 16.35 15.9 18.45 DOWN
GODREJCP 1166.7 1154.68 1142.67 1177.93 1189.17 1165.92 1030.51 UP
GODREJIND 606.9 600.77 594.63 611.27 615.63 605.13 584.34 UP
GRANULES 85.85 84.43 83.02 87.98 90.12 86.57 117.31 DOWN
GRASIM 1011.95 1006.3 1000.65 1018.3 1024.65 1012.65 1134.74 DOWN
GSFC 110.95 109.1 107.25 113.8 116.65 111.95 134.58 DOWN
HAVELLS 532.85 528.5 524.15 540 547.15 535.65 525.57 UP
HCC 12.95 12.62 12.28 13.52 14.08 13.18 31.05 DOWN
HCLTECH 902.55 895.43 888.32 913.33 924.12 906.22 918.38 DOWN
HDFC 1858.9 1843.37 1827.83 1875.52 1892.13 1859.98 1791.36 UP
HDFCBANK 2057.6 2046.17 2034.73 2069.92 2082.23 2058.48 1893.6 UP
HDIL 21.65 21.33 21.02 22.13 22.62 21.82 49.02 DOWN
HEROMOTOCO 3635.2 3614.17 3593.13 3666.07 3696.93 3645.03 3669.42 DOWN
HEXAWARE 436 431.8 427.6 440.15 444.3 435.95 355.71 UP
HINDALCO 222.3 219.77 217.23 226.57 230.83 224.03 245.98 DOWN
HINDPETRO 315.2 305 294.8 321.9 328.6 311.7 387.31 DOWN
HINDUNILVR 1593.45 1584.13 1574.82 1606.63 1619.82 1597.32 1359.07 UP
HINDZINC 290.4 287.7 285 294.4 298.4 291.7 307.47 DOWN
IBREALEST 163.25 160.77 158.28 167.22 171.18 164.73 210.41 DOWN
IBULHSGFIN 1173.25 1159.18 1145.12 1194.78 1216.32 1180.72 1245.28 DOWN
ICICIBANK 297.95 294.88 291.82 300.68 303.42 297.62 301.4 DOWN
ICICIPRULI 389 386.8 384.6 390.8 392.6 388.6 402.8 DOWN
ICIL 69.6 68.63 67.67 71.18 72.77 70.22 103.08 DOWN
IDBI 57.75 56.75 55.75 59.35 60.95 58.35 63.11 DOWN
IDEA 60.8 60.1 59.4 61.7 62.6 61 82.42 DOWN
IDFC 48.95 48.38 47.82 49.48 50.02 48.92 56.7 DOWN
IDFCBANK 42.5 42.15 41.8 42.8 43.1 42.45 52.3 DOWN
IFCI 16.1 15.97 15.83 16.27 16.43 16.13 22.92 DOWN
IGL 255.05 252.83 250.62 257.58 260.12 255.37 297.25 DOWN
INDIACEM 107.55 106.33 105.12 109.13 110.72 107.92 161.75 DOWN
INDIANB 343.35 338.53 333.72 350.08 356.82 345.27 332.77 UP
INDIGO 1175.95 1149.07 1122.18 1203.77 1231.58 1176.88 1224.98 DOWN
INDUSINDBK 1960.5 1945.78 1931.07 1975.48 1990.47 1960.77 1744.85 UP
INFIBEAM 154.95 151.52 148.08 157.67 160.38 154.23 155.4 DOWN
INFRATEL 279.6 273.8 268 286.15 292.7 280.35 358.06 DOWN
INFY 1246.55 1236.2 1225.85 1256.7 1266.85 1246.35 1074.37 UP
IOC 170.25 165.13 160.02 173.88 177.52 168.77 189.3 DOWN
IRB 224.2 221.65 219.1 227.85 231.5 225.3 231.28 DOWN
ITC 260.85 259.23 257.62 263.63 266.42 262.02 267.42 DOWN
JETAIRWAYS 374.5 365.8 357.1 385.6 396.7 376.9 619.3 DOWN
JINDALSTEL 225.15 222.52 219.88 229.62 234.08 226.98 211.12 UP
JISLJALEQS 94.2 93.02 91.83 95.97 97.73 94.78 111.42 DOWN
JPASSOCIAT 16.85 16.48 16.12 17.28 17.72 16.92 18.78 DOWN
JSWENERGY 71.9 71.1 70.3 72.85 73.8 72.05 80.05 DOWN
JSWSTEEL 332.85 330.45 328.05 336.35 339.85 333.95 287.4 UP
JUBLFOOD 1356.65 1343.15 1329.65 1377.7 1398.75 1364.2 1001.6 UP
JUSTDIAL 564.35 553.53 542.72 582.08 599.82 571.27 475.07 UP
KOTAKBANK 1313.95 1306.03 1298.12 1326.93 1339.92 1319.02 1094.54 UP
KPIT 276.65 274.45 272.25 279.4 282.15 277.2 196.96 UP
KSCL 579.7 574.85 570 586.05 592.4 581.2 525.02 UP
KTKBANK 115.6 114.72 113.83 116.47 117.33 115.58 139.2 DOWN
L&TFH 160.95 159.4 157.85 163.6 166.25 162.05 176.96 DOWN
LICHSGFIN 502.35 494.93 487.52 509.78 517.22 502.37 560.29 DOWN
LT 1289.8 1278.53 1267.27 1308.53 1327.27 1297.27 1282.09 UP
LUPIN 899.65 891.23 882.82 907.83 916.02 899.42 866.15 UP
M&M 883.6 868.53 853.47 904.23 924.87 889.17 751.72 UP
M&MFIN 491 485.83 480.67 495.53 500.07 490.37 456.98 UP
MANAPPURAM 101.3 100.2 99.1 102.9 104.5 101.8 108.94 DOWN
MARICO 335.25 330.3 325.35 338.6 341.95 333.65 316.27 UP
MARUTI 8863.05 8815.33 8767.62 8948.38 9033.72 8900.67 8722.04 UP
MCDOWELL-N 653.75 644.6 635.45 666.4 679.05 657.25 635.42 UP
MCX 762.2 749.47 736.73 783.47 804.73 770.73 883.89 DOWN
MGL 832.6 824.78 816.97 839.63 846.67 831.82 1026.75 DOWN
MOTHERSUMI 306.65 303.77 300.88 311.27 315.88 308.38 344.48 DOWN
MRF 74771.65 74391.8 74011.95 75325.75 75879.85 74945.9 70451.1 UP
MRPL 88.15 86.32 84.48 89.37 90.58 87.53 118.71 DOWN
MUTHOOTFIN 379.8 373.85 367.9 387.35 394.9 381.4 438.65 DOWN
NATIONALUM 65.6 64.42 63.23 67.27 68.93 66.08 77.25 DOWN
NBCC 82.8 82.17 81.53 83.72 84.63 83.08 110.47 DOWN
NCC 99.8 98.3 96.8 102.3 104.8 100.8 114.56 DOWN
NMDC 107.3 106.22 105.13 109.17 111.03 108.08 127.32 DOWN
OFSS 4047.85 4013.57 3979.28 4073.57 4099.28 4039.28 3872.6 UP
OIL 209.6 207.43 205.27 213.13 216.67 210.97 231.92 DOWN
ONGC 159.7 157.4 155.1 162.85 166 160.55 181.4 DOWN
ORIENTBANK 77.7 76.73 75.77 79.13 80.57 78.17 109.48 DOWN
PCJEWELLER 143.4 140.37 137.33 148.07 152.73 145.03 341.09 DOWN
PEL 2536.4 2509.28 2482.17 2574.23 2612.07 2547.12 2636.83 DOWN
PETRONET 209.85 207.9 205.95 212.9 215.95 210.95 239.25 DOWN
PFC 81.35 80.25 79.15 82.95 84.55 81.85 108.45 DOWN
PIDILITIND 1038.3 1022.43 1006.57 1065.63 1092.97 1049.77 919.54 UP
PNB 83.4 82.22 81.03 85.57 87.73 84.38 134.71 DOWN
POWERGRID 195.45 193.28 191.12 198.13 200.82 195.97 203.28 DOWN
PTC 81.1 79.43 77.77 83.48 85.87 81.82 105.51 DOWN
PVR 1361.7 1345.37 1329.03 1381.77 1401.83 1365.43 1355.28 UP
RAMCOCEM 689.05 682.37 675.68 698.37 707.68 691.68 749.82 DOWN
RAYMOND 953.7 945.63 937.57 967.13 980.57 959.07 973.85 DOWN
RBLBANK 538.95 532.58 526.22 549.83 560.72 543.47 510.28 UP
RCOM 14.9 14.68 14.47 15.28 15.67 15.07 20.2 DOWN
RECLTD 110.5 109.5 108.5 112.05 113.6 111.05 143.96 DOWN
RELCAPITAL 417.65 411.4 405.15 427.7 437.75 421.45 494.05 DOWN
RELIANCE 1031.95 1023.5 1015.05 1038.2 1044.45 1029.75 917.86 UP
RELINFRA 424.05 417.4 410.75 435.9 447.75 429.25 463.82 DOWN
REPCOHOME 552.35 546.92 541.48 558.57 564.78 553.13 613.58 DOWN
RPOWER 34.8 34.25 33.7 35.6 36.4 35.05 40.7 DOWN
SAIL 82.45 81.38 80.32 84.38 86.32 83.32 77.37 UP
SBIN 268.65 266.25 263.85 272.9 277.15 270.5 280.06 DOWN
SHREECEM 15306.3 15139.55 14972.8 15546.5 15786.7 15379.75 17441.25 DOWN
SIEMENS 991.3 979.2 967.1 1005.2 1019.1 993.1 1178.5 DOWN
SOUTHBANK 23.4 23.18 22.97 23.68 23.97 23.47 28.31 DOWN
SREINFRA 73.35 71.87 70.38 75.72 78.08 74.23 93.17 DOWN
SRF 1782.95 1754.12 1725.28 1817.52 1852.08 1788.68 1867.98 DOWN
SRTRANSFIN 1483.4 1468.37 1453.33 1500.22 1517.03 1485.18 1353.71 UP
STAR 392.95 382.28 371.62 409.38 425.82 398.72 720.75 DOWN
SUNPHARMA 554.5 548.92 543.33 563.77 573.03 558.18 528.37 UP
SUNTV 840.2 822.63 805.07 860.58 880.97 843.02 899.28 DOWN
SUZLON 7.65 7.57 7.48 7.77 7.88 7.68 13.16 DOWN
SYNDIBANK 45.65 44.87 44.08 47.12 48.58 46.33 66.9 DOWN
TATACHEM 729.05 723.45 717.85 737.3 745.55 731.7 712.06 UP
TATACOMM 603.7 599.65 595.6 609.65 615.6 605.6 654.15 DOWN
TATAELXSI 1323.05 1314.3 1305.55 1332.1 1341.15 1323.35 1010.77 UP
TATAGLOBAL 258.2 255.02 251.83 261.87 265.53 258.68 263.48 DOWN
TATAMOTORS 307 305.5 304 308.5 310 307 378.31 DOWN
TATAMTRDVR 180.45 179.35 178.25 182 183.55 180.9 215.18 DOWN
TATAPOWER 74.55 73.9 73.25 75.2 75.85 74.55 85.14 DOWN
TATASTEEL 557.75 552.92 548.08 565.77 573.78 560.93 658.95 DOWN
TCS 1819.35 1813.97 1808.58 1828.37 1837.38 1822.98 1462.23 UP
TECHM 685.3 677.42 669.53 697.97 710.63 690.08 567.44 UP
TITAN 868.4 858 847.6 886.8 905.2 876.4 819.44 UP
TV18BRDCST 56.05 55.38 54.72 57.08 58.12 56.42 54.86 UP
TVSMOTOR 583.2 575.6 568 590.7 598.2 583.1 669.79 DOWN
UBL 1276.1 1263.57 1251.03 1286.57 1297.03 1274.03 1047 UP
UJJIVAN 374.15 368.75 363.35 382.75 391.35 377.35 373.91 UP
ULTRACEMCO 3616.9 3586.93 3556.97 3659.93 3702.97 3629.97 4106.57 DOWN
UNIONBANK 86 84.53 83.07 88.53 91.07 87.07 123.82 DOWN
UPL 646 639.95 633.9 653.2 660.4 647.15 746.84 DOWN
VGUARD 207.5 205.6 203.7 210.55 213.6 208.65 222.6 DOWN
VOLTAS 517.1 510.72 504.33 525.72 534.33 519.33 590.22 DOWN
WIPRO 258.65 256.73 254.82 260.93 263.22 259.02 289.86 DOWN
WOCKPHARMA 680.4 668.73 657.07 701.03 721.67 689.37 739.77 DOWN
YESBANK 332.95 330.23 327.52 336.63 340.32 333.92 331 UP
ZEEL 563.45 554.97 546.48 573.47 583.48 564.98 562.64 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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In yesterday's trade, MCX Gold was seen trading with negative bias. Bias continues to be neutral. Confirmation of strength above 31251. Interweek Strategy: Establish long positions at CMP, targeting 31001 zone and then at 31201-31251 zone with stop at 29991.
Silver prices too were trading with negative bias in yesterday's trade. Bias continues to be neutral. Establish short positions between 40251-40501 zone, targeting 39481 and then at 38641-38701 zone with stop at 40701.
The biggest support level to watch is at 4211. Interweek strategy: Buy only on dips between 4305-4345 zone, targeting 4501 zone and then at 4811-4825 zone with stop at 4179.
Copper prices were seen trading with negative bias amidst profit booking. Support now seen at 451. Interweek strategy: Establish buy positions above 469 zone, targeting 477 and then at 483-485 zone with stop at 441.
Natural Gas prices were seen trading firm in yesterday's trade. Key supports now at 185. Interweek strategy: Establish long positions at CMP, targeting 207 and then aggressive targets at 217-223 zone with stop at 185.
USD/INR was seen consolidating in yesterday's trade. Key interweek support seen at 67.45. Hurdles now seen at 70.05. Interweek Strategy: Buy at CMP, targeting 68.45 and then aggressive targets at 70-70.05 zone with stop below 67.05.
30538 30251 30001 31251 31750 Neutral
39438 39001 38641 40451 41751 Neutral
4444 4305 4211 4561 4971 Neutral
453 451 445 469 477 Neutral
203.60 197.50 185.00 207.00 225.00 Positive
67.98 67.71 67.45 68.45 70.05 Positive
USD/INR: Buy on any corrective declines. Aggressive targets seen at 70.05.
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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At Wall Street broadly lower as trade gloom lingers. Negative bias to continue.
In yesterday's trade, gold prices were seen trading with negative bias. Confirmation of strength only above 1297. Interweek strategy: Establish long positions between 1272.50-1273 zone, targeting 1297 zone and then at 1307-1313 zone with stop at 1261.
Silver prices were seen trading with negative bias, tracking subdued gold prices. Confirmation of strength only above 17.45. Interweek strategy: Establish long positions between 15.90-16.01 zone, targeting 17.05 and then at 17.95-18.01 zone with stop at 15.05.
Crude-Oil prices were seen inching up amidst oversold conditions. Major hurdles now seen at 67.15. Interweek strategy: Buy at CMP, targeting 67.15 zone and then at 68.50-69.05 zone with stop at 62.45.
The EUR/USD was seen trading range bound in yesterday'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 was trading with positive bias in yesterday's trade. Technically, bias shifts to neutral/positive. Hurdles at 95. Downside well supported at 92.50. Major weakness now below 92.50. Upside targets now at 99.
The Dow Jones Industrial Average was seen trading with negative bias in Thursday's trade as trade-war fears continued to dog global markets. Technically, hurdles seen at 26125. Negative bias.
1268 1261 1245 1297 1313 Neutral
16.25 15.75 15.05 17.45 18.01 Neutral
65.91 63.75 62.5 67.15 69.05 Neutral
1.1584 1.1505 1.4445 1.1901 1.2205 Neutral
95.05 92.50 89.25 97.50 99.00 Positive
24482 23405 22501 25505 26125 Negative
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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
148.55 147.67 146.78 149.97 151.38 141.93 155.1 DOWN
1006.5 996.73 986.97 1017.63 1028.77 1044.82 956.3 UP
4060 4059.33 4058.67 4060.33 4060.67 4262.43 4034.5 UP
3431 3417.67 3404.33 3451.67 3472.33 4275.52 3509 DOWN
453.7 454.68 451.57 460.93 464.07 450 473.45 DOWN
21930 21903.33 21706.67 22273.33 22446.67 19964.9 23115 DOWN
4459 4434.33 4382.67 4533.33 4580.67 3975.16 4565 DOWN
30586 30730.33 30679.67 30858.33 30935.67 30100.19 31156 DOWN
7614 7572 7530 7684 7754 8580.8 7710 DOWN
3622.5 3620 3617.5 3625 3627.5 3963.64 3727 DOWN
16730 16671.67 16613.33 16796.67 16863.33 17828.77 16155 UP
161.2 162.67 161.73 164.52 165.43 160.68 163.4 DOWN
1182 1141.2 1125.2 1170 1182.8 1414.31 1214.85 DOWN
203.4 199.37 197.03 203.17 204.63 187.9 192.9 UP
1014.6 1005 995.4 1021.5 1028.4 844.15 1060.3 DOWN
3955 3953.67 3952.33 3955.67 3956.33 3945.22 3984 DOWN
39489 39524 39422 39739 39852 39206.59 40180 DOWN
2709 2709 2709 2709 2709 3619.22 2651 UP
3399 3382.67 3366.33 3412.67 3426.33 3351.53 3320 UP
206.45 205.02 203.58 207.67 208.88 211.76 212.75 DOWN
Friday22nd June, 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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