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Welcome Note

Thursday05th 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 Thursday’s trading action at Dalal Street, dated 5th July 2018.

In yesterday’s session, bulls partied at Dalal Street and it was truly a "when the cat's away

the mice will play" situation (Wall Street was closed in observance of Independence Day).

Now, when markets open today, caution will again come into play as China readies tariffs

on the U.S. and the EU looks to gather together -- the big auto-making countries to agree a

new trade deal.

Digging deeper, China is expected to begin imposing tariffs on $34 billion of U.S. goods this

Friday, and the Trump administration’s tariffs on up to $50 billion in Chinese imports are

due to take effect the same day, July 6th.

Our call of the day suggests caution should be the buzzword as the big investors’ camp

are unlikely to make big bets as the U.S. President Donald Trump’s campaign to correct

unfair trade conditions with its trading partners continues to reverberate worldwide stock

markets.

Away from trade war concerns, traders will turn some focus to the monthly U.S. jobs

report, due this Friday.

What Technical Tells Us on Nifty: In Wednesday’s trade, the benchmark Nifty logged

modest gains, up 70 points at 10770. Index heavyweights HDFC, HDFC Bank and

Reliance Industries were star performers leading from the front.

The negative takeaway was that the market breadth, indicating the overall health of the

market, was negative. The BSE Mid-Cap index fell 0.17%. The BSE Small-Cap index rose

0.38%. Both these indices underperformed the Sensex.

Technically speaking, the must watch support levels are placed at 10557. 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. Intraday support

seen at 10621.

The biggest hurdles’ are at 10851.

In today’s session, Nifty may most likely trade lackluster and the benchmark most probably

will repeatedly move between positive and negative territory. Aggressive buying advised

only above Nifty 10851 mark.

The price action for Nifty is suggesting that we are likely to see a 10,551-10901

range in near term with slight neutral/positive bias. Hence, establishing long

positions on any intraday weakness with strict stop below 10621 should be the preferred

trading strategy for the day.

Outlook for Thursday: Range bound session likely.

The positive catalyst boosting sentiments at Dalal Street in yesterday’s session was the

upbeat June services PMI data. Interestingly, Dalal Street was seen rebounding in

yesterday’s trade, despite the Indian Rupee falling hard.

Judging at early trends at SGX Nifty, it appears to be a quiet morning for Dalal Street. But

we suspect, volatility may hit the roof as day progresses amidst heightened U.S.-China

trade tensions.

Amid this backdrop, brace yourself for a volatile session as sentiments could get rattled.

Expect our benchmark Nifty to behave erratically — up and down hundreds of points in a

single day.

10770 0.65%

26434 0.88%

10914 1.25%

29108 0.46%

3061 -0.11%

14126 -0.68%

3011 -0.23%

4899 0.31%

3370 0.13%

9400 0.80%

270 0.47%

7212 0.44%

35645 0.75%

10769 -0.04%

Volatile session likely.

Neutral (10645-10777)

Neutral (10301-11001)

Neutral (11301)

10691 & 10621

10777 & 10851

10301



Technical Strategy


Global Markets:

• The blue-chip Dow Jones index continues to hover near its 200-day moving average

(24,293). Any successive close will be interpreted as a bearish signal.

• Elsewhere in Asia, Japan’s Nikkei is now at a 2 ½ month low; China’s Shanghai

Composite is now at fresh two-year low and most importantly is in a bear market,

trading more than 20% lower than its January 24 high. Hong Kong’s Hang Seng

index is now languishing near 6-month low.

Commodity Cues:

• In commodities, oil prices were trading firm at 3-1/2 year high, fast approaching to

close above the $75 a barrel mark. Oil is holding ground at its highest levels since

2014 in the wake of the biggest weekly decline of the year for domestic crude

supplies. Crude oil is also moving higher on concerns that the ramped up oil

production by Saudi Arabia will be insufficient to make up for disruptions to Libyan

and Venezuelan oil output.

• Gold futures finished sharply higher Wednesday, clawing back from to its lowest

finish since December.

• Industrial metals, meanwhile, remained in focus, amid trade friction and questions

about China’s economic expansion. Platinum prices are at their lowest settlement

since late 2008.

• Prices of the metal, used widely in construction applications, have tumbled roughly

11% since June 7 as China’s trade relations and any economic fallout are watched.

• Copper prices extended losses to a fifth straight session. Copper prices are at their

lowest since August 2017.

Currencies & Bonds:

• The US Dollar index was seen struggling for direction near the 95 mark.

• USD/INR inched up in yesterday's trade amidst value buying. Key interweek support

seen at 67.45. Hurdles now seen at 69.11. Interweek Strategy: Buy between 68.21-

68.30 zone, targeting 69.11 and then aggressive targets at 70-70.05 zone with stop

below 67.45.

Macro Watch:

• Amidst an escalating trade dispute with the U.S., growth in China’s manufacturing

sector cooled slightly in June.

• Caution likely to prevail at our stock markets on the buy side primarily on backdrop

of rising interest rate environment. The prospect of hawkish RBI and then

aggressive Fed action may throw the markets a curveball. The Fed remains on a

path of higher interest rates and balance sheet run-off, providing support for the

U.S. dollar and this theme could work as negative catalyst for our stock markets.

• All eyes will be on release of Federal Reserve minutes of June 12-13 meeting, when

FOMC policy makers raised the benchmark rate a quarter point for the second time

this year and lifted the median forecast to four total increases in 2018.

• U.S. payrolls are due Friday.

Stocks To Watch:

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

TECH, BIOCON & INDUSIND BANK.

HDFC

Action

Target

Support

Resistance

Holding Period

1922

BUY

1985

1865/1837.50

1945/1985

21 Days.

HDFC’s stock price enjoyed a strong session in

yesterday’s trade, up 2.28%.

The stock is signaling a major breakout from a

higher consolidation zone on the daily charts.

The stock is in bullish position where it wants to

ascent towards its all-time-high at 1986.

The momentum oscillators are in buy mode, and

the major confirmation of the same on any move

above 1942, and such up move needs to be

backed by increases in volumes.

Key support to watch in near term is at 1865 and

then at 1835 zone. Intraday supports seen at

1901 zone.

Establish long positions at CMP, targeting 1942

zone and then aggressive targets located at

1981-1985 zone. Aggressive 3-months targets

seen at 2045-2051 zone. Stop at 1865.



‘30,000 feet

view’: The big

picture of

Dalal Street


• Bullish stocks: NIIT TECH, BIOCON, LUPIN, BERGER PAINTS, BHARAT

FINANCIAL, INDUSIND BANK, JUBILANT FOODS, TATA ELXSI, BAJAJ FINANCE,

MARICO.

• Bearish stocks: ICICI BANK, IDFC, IDEA CELLULAR.

• Show Me the Money: BUY JUBILANT FOODS (CMP 1429): Jubilant Foods is

aiming to close above its all-time-high placed at 1435. The sequence of higher

high/low still intact on daily, weekly and monthly charts. Interweek Strategy: Buy

between 1409-1415 zone, targeting 1451 and then more aggressive targets located

at 1501 mark. Stop below 1397.

• Infosys to announce June-quarter results on July 13. Hindustan Unilever to consider

Q1 result on July 16

• Cabinet approves a minimum support price for monsoon-sown crops including rice

and pulses . Cabinet raises paddy prices by over and above production. Common

grade paddy price set at Rs1750/100kg, Corn MSP set at Rs1700vs Rs1131 cost,

Rice MSP set at Rs1750vs Rs1166 cost. Pigeon Pea MSP set at Rs5675vs Rs3432 ,

Sunflower MSP set at Rs5388vs Rs3592. Cabinet approves re-capitalization of some

rural banks.

• Q1 results to trickle in: TCS 10 July, INFY 13 July, HUL July 16, ASHOK LEYLAND 17

July, RBL BANK, 19 July, KOTAK BANK 19 July, BAJAJ AUTO 20 July, WIPRO 20 July,

HDFC 30 July

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

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

Dalal Street to trade cautiously as at the moment, there seem to be more of headwinds

than tailwinds.

Preferred trade on Nifty: Nifty (10770): Sell between 10795-10801 zone, targeting

10701 and then at 10621-651 zone with stop at 10901.

Preferred trade on Bank Nifty: Bank Nifty (26434): Sell at CMP, targeting 26001 zone

and then at 24901-25101 zone with strict stop at 27201.

Daily Chart of Nifty:



Comfort stock of the day


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

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


R2STOCKS LTP S1 S2 R1 TRADING STRATEGYBIAS


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


The stock has signaling a major breakout from a higher consolidation on daily charts. Interweek Strategy: Establish long positions between 277-280 zone, targeting 295 and then aggressive targets located at 305-311 zone. Stop below 273.05.

The stock is signaling a major rebound from an oversold zone on daily charts. Interweek support seen at 603. Interweek Strategy: Establish long positions at CMP, targeting 639-645 zone and then aggressive targets located at 651 mark. Stop below 619.

A probable 'Ascending triangle pattern' seen on Monthly charts. The stock likely to enjoy strong sessions above 555 mark. Intraday support seen at 532. Interweek Strategy: Buy at CMP, targeting 555 and then at 571-575 zone. Stop below 531.

Jubilant Foods is aiming to close above its all-time-high placed at 1435. The sequence of higher high/low still intact on daily, weekly and monthly charts. Intermonth Strategy: Buy between 1409-1415 zone, targeting 1451 and then more aggressive targets located at 1501 mark. Stop below 1397.

The interweek risk is on the upside with immediate targets at 1151-1156 zone. Momentum oscillators signaling major strength. Interweek Strategy: Buy at CMP, targeting 1156 and then at 1185-1192 zone with stop below 1089.

Jubilant Foods is on a steady roll. Aggressive intermonth targets at 1501.

BERGER PAINTS

BIOCON

HAVELLS

JUBILANT FOODS

NIIT TECH

286.2 273 259 295 311 Positive

628.85 619 603 645 651 Positive

546.05 532 521 555 575 Positive

1431.1 1407 1351 1451 1501 Positive

1113 1089 1075 1156 1192 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:

In Wednesday’s trade, the benchmark Nifty logged modest gains, up 70 points at 10770.

Index heavyweights HDFC, HDFC Bank and Reliance Industries were star performers

leading from the front.

The negative takeaway was that the market breadth, indicating the overall health of the

market, was negative. The BSE Mid-Cap index fell 0.17%. The BSE Small-Cap index rose

0.38%. Both these indices underperformed the Sensex.

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

1.31%), the BSE Healthcare Index (up 0.80%), the BSE Bankex Index (up 0.69%).

Amongst the sectoral indices, underperforming the Sensex/Nifty were BSE India

Infrastructure index (down 0.64%), the BSE IT Index (down 0.60%), the BSE TECK index

(down 0.55%).

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

4.42%), Lupin (up 3.86%), Maruti (up 2.78%).

Among stocks drifting down were: HINDPETRO (down 2.59%), Grasim (down 2.01%),

Cipla (down 1.98%).

Judging by yesterday’s trading action, the bias for Nifty continues to be neutral/positive,

with key intraday support to watch at 10,691. Confirmation of weakness only if Nifty

moves below 10,557 mark. Hurdles to watch are at 10,851 mark.

Maximum Call Open Interest (OI) stands at 11000 Strike Price, followed by 10800 Strike

Price. Call Buying was seen mostly at the Strike Prices from 10,750-10,850.

Maximum Put OI contracts were seen at strike price 10,600 followed by 10,500 strike

price. Put writing was the theme for strikes prices 10150-10850.

As per Friday’s provisional data available on the NSE, Foreign institutional investors (FIIs)

sold shares worth Rs.284.58 crore. Domestic institutional investors, on the other hand,

bought shares worth Rs 611.01 crore in the Indian equity market.

Highest OI Nifty: Calls 11000: 36.74 L - Puts 10600: 51.76 L

Highest OI Bank Nifty: Calls 27000: 5.85 L - Puts 25500: 6.96 L

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

Long Buildup: RELIANCE, RBL BANK, COAL INDIA, LUPIN, GAIL.

Short Buildup: NBCC, NALCO, HINDPETRO, REC, ONGC.

Short Covering: TATA STEEL, SUN PHARMA, MOTHERSON, IBHSGFIN, CADILA

Long Unwinding: CIPLA, TATA GLOBAL, CENTURY.

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

New In Ban: NIL.

Out of Ban: NIL.

Future Call: BUY ASHOK LEYLAND JULY FUTURES at CMP 126.30.

Targets: 133 and then at 143. Stop: 121.65. Holding Period: 0-3

days. Analyst’s Remark: Oversold Zone. (Ashok Leyland July Futures

CMP 126.30).

Option Call: Buy BANK NIFTY JULY CE strike price 26200 at CMP

259.80. Profit: Unlimited. Maximum Loss: Rs. 10392. Stop: Exit Call

Option if Bank Nifty moves below 26100. (Bank Nifty July Futures

CMP 26425).

10769.90 (+0.65%)

26433.95 (+088%)

12.6575 (-2.63%)

+01 vs +24

2.11 crores (-1.00%)

22.39 lakhs (+5.43%)

2889.89 2029.49

25098.4 24545.16

872090 574868

210022 19259

668023 44581

7667048 774378

474334 33872

9019427 872090

Calls in lakhs (%Change)

10800 28.81 (+2%)

10700 25.78 (-6%)

11000 36.74 (+1%)

Puts in lakhs (% Change)

10600 51.76 (0%)

10700 27.12 (+18%)

10500 36.46 (+6%)

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 10769.9 10706.05 10642.2 10805.45 10841 10741.6 10449.03 UP

BANKNIFTY 26433.95 26217.73 26001.52 26565.33 26696.72 26349.12 25449.9 UP

NIFTYMID50 4899.05 4871.33 4843.62 4915.78 4932.52 4888.07 5141.65 DOWN

ACC 1350.85 1335.23 1319.62 1362.98 1375.12 1347.37 1611.89 DOWN

ADANIENT 107.7 104.72 101.73 109.72 111.73 106.73 151.53 DOWN

ADANIPORTS 359.95 356.1 352.25 363.65 367.35 359.8 397.07 DOWN

AJANTPHARM 1030.8 1018.72 1006.63 1046.17 1061.53 1034.08 1277.15 DOWN

ALBK 40.9 40.43 39.97 41.33 41.77 40.87 60 DOWN

AMARAJABAT 777 761.48 745.97 787.08 797.17 771.57 789.04 DOWN

ANDHRABANK 31.95 31.52 31.08 32.37 32.78 31.93 49.49 DOWN

APOLLOTYRE 253.3 248.58 243.87 256.08 258.87 251.37 263.49 DOWN

ARVIND 396.75 390.83 384.92 400.18 403.62 394.27 412.37 DOWN

ASHOKLEY 127.85 126.43 125.02 129.38 130.92 127.97 133.28 DOWN

ASIANPAINT 1289.8 1281.72 1273.63 1298.92 1308.03 1290.83 1182.75 UP

AUROPHARMA 625.45 619.37 613.28 632.47 639.48 626.38 648.11 DOWN

AXISBANK 514.75 509.52 504.28 518.12 521.48 512.88 533.82 DOWN

BAJAJ-AUTO 2979.05 2893.57 2808.08 3026.77 3074.48 2941.28 3049.2 DOWN

BAJAJFINSV 6032.85 5924.17 5815.48 6095.27 6157.68 5986.58 5308.84 UP

BAJFINANCE 2331.4 2310.3 2289.2 2348.75 2366.1 2327.65 1853.36 UP

BALKRISIND 1138.6 1094 1049.4 1165.1 1191.6 1120.5 1085.66 UP

BALRAMCHIN 62.6 61.95 61.3 63.3 64 62.65 115.39 DOWN

BANKBARODA 113.1 112.3 111.5 113.85 114.6 113.05 149.61 DOWN

BANKINDIA 85.9 84.77 83.63 87.27 88.63 86.13 137.29 DOWN

BATAINDIA 828.7 821 813.3 841.6 854.5 833.9 753.66 UP

BEL 104.35 103.05 101.75 106.45 108.55 105.15 154.65 DOWN

BEML 825.9 812.63 799.37 836.53 847.17 823.27 1335.67 DOWN

BERGEPAINT 286.15 283.52 280.88 288.77 291.38 286.13 262.86 UP

BHARATFIN 1194.25 1178.78 1163.32 1203.93 1213.62 1188.47 1054.7 UP

BHARATFORG 636.75 622.1 607.45 645.1 653.45 630.45 698.67 DOWN

BHARTIARTL 367.4 362.77 358.13 371.97 376.53 367.33 436.17 DOWN

BHEL 69.2 68.37 67.53 70.22 71.23 69.38 87.88 DOWN

BIOCON 628.25 621.17 614.08 635.67 643.08 628.58 540.23 UP

BPCL 367.85 363.18 358.52 373.98 380.12 369.32 458.07 DOWN

BRITANNIA 6299.75 6233.5 6167.25 6342.55 6385.35 6276.3 5008.01 UP

CANBK 244.65 242.22 239.78 246.87 249.08 244.43 312.38 DOWN

CAPF 519 514.67 510.33 524.67 530.33 520.33 671.66 DOWN

CASTROLIND 160.85 156.35 151.85 163.75 166.65 159.25 190.58 DOWN

CEATLTD 1269.7 1247.18 1224.67 1283.03 1296.37 1260.52 1632.25 DOWN

CENTURYTEX 872.25 862.03 851.82 883.53 894.82 873.32 1217.97 DOWN

CESC 878.95 868.98 859.02 893.93 908.92 883.97 1016.9 DOWN

CGPOWER 57.8 54.6 51.4 59.75 61.7 56.55 80.19 DOWN

CHENNPETRO 299.35 295.37 291.38 302.67 305.98 298.68 375.06 DOWN

CHOLAFIN 1501.95 1483.77 1465.58 1520.07 1538.18 1501.88 1382.53 UP

CIPLA 628.9 619.13 609.37 643.33 657.77 633.57 589.22 UP

COALINDIA 264.35 260.32 256.28 267.67 270.98 263.63 281.38 DOWN

COLPAL 1166.2 1149.3 1132.4 1183.85 1201.5 1166.95 1104.61 UP

CONCOR 648.25 642.18 636.12 656.13 664.02 650.07 664.65 DOWN

CUMMINSIND 650.65 646.37 642.08 657.22 663.78 652.93 817.04 DOWN

DABUR 379.75 376.98 374.22 383.23 386.72 380.47 347.29 UP

DALMIABHA 2250.95 2207.97 2164.98 2276.82 2302.68 2233.83 2850.47 DOWN

DCBBANK 167.8 164.4 161 170.6 173.4 167.2 181.06 DOWN

DHFL 623.15 619.18 615.22 628.93 634.72 624.97 586.43 UP

DIVISLAB 1102.3 1080.88 1059.47 1114.83 1127.37 1093.42 1047.73 UP

DLF 185.3 183.58 181.87 186.98 188.67 185.27 214.53 DOWN

DRREDDY 2317.25 2281.37 2245.48 2345.57 2373.88 2309.68 2240.09 UP

EICHERMOT 28238 28085.33 27932.67 28390.33 28542.67 28237.67 29608.52 DOWN

ENGINERSIN 123.3 121.8 120.3 124.75 126.2 123.25 163.8 DOWN

EQUITAS 138.9 135.7 132.5 140.85 142.8 137.65 149.39 DOWN

ESCORTS 879.95 862.07 844.18 890.87 901.78 872.98 814.57 UP

EXIDEIND 262.35 259.77 257.18 265.17 267.98 262.58 224.55 UP

FEDERALBNK 83.5 82.6 81.7 84.15 84.8 83.25 101.13 DOWN

FORTIS 144.4 138.13 131.87 147.78 151.17 141.52 145.54 DOWN

GAIL 348.35 343.13 337.92 351.73 355.12 346.52 341.44 UP

GLENMARK 597.45 590.53 583.62 603.48 609.52 596.57 572.19 UP

GMRINFRA 16.5 16.1 15.7 16.75 17 16.35 18.38 DOWN

GODREJCP 1263.8 1248.88 1233.97 1276.58 1289.37 1261.67 1043.37 UP

GODREJIND 612.05 606.13 600.22 620.08 628.12 614.17 583.5 UP

GRANULES 84.05 80.77 77.48 86.17 88.28 82.88 115.3 DOWN

GRASIM 965.45 956.03 946.62 980.18 994.92 970.77 1125.32 DOWN

GSFC 105.6 104.8 104 106.65 107.7 105.85 132.87 DOWN

HAVELLS 547.4 538.37 529.33 553.67 559.93 544.63 527.42 UP

HCLTECH 925.65 920.27 914.88 934.77 943.88 929.38 920.9 UP

HDFC 1922.5 1894.17 1865.83 1938.77 1955.03 1910.43 1796.95 UP

HDFCBANK 2103.55 2079.02 2054.48 2118.07 2132.58 2093.53 1907.15 UP

HDIL 20.05 19.8 19.55 20.3 20.55 20.05 47.05 DOWN

HEROMOTOCO 3458.8 3423.15 3387.5 3486.75 3514.7 3451.1 3650.19 DOWN

HEXAWARE 461.7 457.55 453.4 467.7 473.7 463.55 364.05 UP

HINDALCO 224.1 220.87 217.63 226.57 229.03 223.33 244.88 DOWN

HINDPETRO 252.3 248.67 245.03 257.87 263.43 254.23 378.54 DOWN

HINDUNILVR 1676 1649.63 1623.27 1692.38 1708.77 1666.02 1377.41 UP

HINDZINC 280 275.02 270.03 283.47 286.93 278.48 306.26 DOWN

IBREALEST 149.7 147.4 145.1 152.1 154.5 149.8 206.39 DOWN

IBULHSGFIN 1139.7 1123.9 1108.1 1157.6 1175.5 1141.8 1239.93 DOWN

ICICIBANK 273.25 271.22 269.18 275.07 276.88 273.03 300.83 DOWN

ICICIPRULI 370.05 366.62 363.18 375.37 380.68 371.93 400.1 DOWN

ICIL 68.35 62.38 56.42 72.03 75.72 66.07 100.59 DOWN

IDBI 51.75 50.85 49.95 53.05 54.35 52.15 63.04 DOWN

IDEA 55.15 54.43 53.72 56.48 57.82 55.77 81.32 DOWN

IDFC 45.6 45.22 44.83 46.22 46.83 45.83 56.13 DOWN

IDFCBANK 39.4 38.92 38.43 39.87 40.33 39.38 51.51 DOWN

IFCI 15.2 15.07 14.93 15.32 15.43 15.18 22.54 DOWN

IGL 257.05 254.17 251.28 260.37 263.68 257.48 296.53 DOWN

INDIACEM 104.8 103.37 101.93 106.02 107.23 104.58 158.2 DOWN

INDIANB 337.25 333.73 330.22 341.48 345.72 337.97 335.57 UP

INDIGO 1081.1 1068.27 1055.43 1089.47 1097.83 1076.63 1220.33 DOWN

INDUSINDBK 1976.3 1952.48 1928.67 1992.93 2009.57 1969.12 1755.88 UP

INFIBEAM 150.95 149.48 148.02 153.03 155.12 151.57 155.84 DOWN

INFRATEL 299.5 292.08 284.67 304.38 309.27 296.97 354.65 DOWN

INFY 1345.2 1338.48 1331.77 1352.28 1359.37 1345.57 1092.78 UP

IOC 155.25 154.12 152.98 156.37 157.48 155.23 186.85 DOWN

IRB 210.1 205.18 200.27 213.33 216.57 208.42 231.16 DOWN

ITC 264.4 262.3 260.2 266.4 268.4 264.3 266.9 DOWN

JETAIRWAYS 340.45 335.43 330.42 346.13 351.82 341.12 609.38 DOWN

JINDALSTEL 216.45 209.33 202.22 220.73 225.02 213.62 214.5 UP

JISLJALEQS 78.05 77.2 76.35 78.7 79.35 77.85 110.5 DOWN

JPASSOCIAT 15.85 15.15 14.45 16.6 17.35 15.9 18.49 DOWN

JSWENERGY 66.4 64.47 62.53 67.52 68.63 65.58 79.79 DOWN

JSWSTEEL 312.15 308.67 305.18 315.47 318.78 311.98 290.05 UP

JUBLFOOD 1428.9 1418.45 1408 1439.4 1449.9 1428.95 1029.96 UP

JUSTDIAL 577 559.4 541.8 590.3 603.6 572.7 482.53 UP

KOTAKBANK 1365.25 1351.1 1336.95 1374.65 1384.05 1360.5 1109.65 UP

KPIT 275.5 270.78 266.07 282.68 289.87 277.97 203.99 UP

KSCL 554.7 547.23 539.77 560.03 565.37 552.57 524.66 UP

KTKBANK 108.35 107.58 106.82 109.28 110.22 108.52 137.31 DOWN

L&TFH 147.25 146.3 145.35 148.3 149.35 147.35 174.68 DOWN

LICHSGFIN 463 453.55 444.1 474.3 485.6 464.85 551.74 DOWN

LT 1259.5 1248 1236.5 1266.2 1272.9 1254.7 1286.02 DOWN

LUPIN 934.2 914.9 895.6 946.25 958.3 926.95 862.52 UP

M&M 900.1 889.5 878.9 906.7 913.3 896.1 762.71 UP

M&MFIN 462.1 455.17 448.23 468.87 475.63 461.93 458.35 UP

MANAPPURAM 97 95.68 94.37 99.13 101.27 97.82 108.62 DOWN

MARICO 343.85 339.27 334.68 346.87 349.88 342.28 316.8 UP

MARUTI 9220.8 9032.45 8844.1 9329.2 9437.6 9140.85 8763.27 UP

MCDOWELL-N 666.9 651.43 635.97 676.13 685.37 660.67 642.35 UP

MCX 737.6 730.47 723.33 749.27 760.93 742.13 867.67 DOWN

MGL 813.45 805.57 797.68 822.62 831.78 814.73 1013.08 DOWN

MOTHERSUMI 295.5 291.58 287.67 298.03 300.57 294.12 342.68 DOWN

MRF 75896.95 75181.3 74465.65 76481.3 77065.65 75765.65 70923.19 UP

MRPL 77.8 76.92 76.03 78.67 79.53 77.78 116.35 DOWN

MUTHOOTFIN 397.35 387.27 377.18 403.57 409.78 393.48 433.73 DOWN

NATIONALUM 62.1 61.33 60.57 63.18 64.27 62.42 76.49 DOWN

NBCC 67.7 66.05 64.4 70.6 73.5 68.95 109.14 DOWN

NCC 96.7 95.02 93.33 98.67 100.63 96.98 115 DOWN

NMDC 103.95 102.83 101.72 105.38 106.82 104.27 126.04 DOWN

NTPC 152.9 151.65 150.4 155 157.1 153.75 170.64 DOWN

OFSS 3921.05 3879.25 3837.45 3983.6 4046.15 3941.8 3896.92 UP

OIL 208.25 205.17 202.08 210.62 212.98 207.53 231.79 DOWN

ONGC 156 154.7 153.4 157.65 159.3 156.35 181.17 DOWN

ORIENTBANK 73.95 72.87 71.78 75.07 76.18 73.98 107.13 DOWN

PCJEWELLER 131.75 128.17 124.58 135.37 138.98 131.78 331.3 DOWN

PEL 2464.3 2417.15 2370 2497.2 2530.1 2450.05 2627.26 DOWN

PETRONET 220 217.32 214.63 221.72 223.43 219.03 238.5 DOWN

PFC 72.55 71.68 70.82 73.73 74.92 72.87 106.25 DOWN

PIDILITIND 1069.4 1059.4 1049.4 1076.7 1084 1066.7 929.06 UP

PNB 76.1 75.42 74.73 76.97 77.83 76.28 131.86 DOWN

POWERGRID 183 180.35 177.7 187.45 191.9 184.8 202.07 DOWN

PTC 73.15 72.35 71.55 74.05 74.95 73.25 103.51 DOWN

PVR 1378.35 1366.02 1353.68 1394.82 1411.28 1382.48 1357.06 UP

RAMCOCEM 701.9 692.32 682.73 707.67 713.43 698.08 748.44 DOWN

RAYMOND 893.55 877.12 860.68 907.47 921.38 891.03 975.5 DOWN

RBLBANK 570.25 563.67 557.08 576.42 582.58 569.83 511.15 UP

RCOM 13.65 13.45 13.25 13.95 14.25 13.75 19.82 DOWN

RECLTD 100.75 99.53 98.32 102.23 103.72 101.02 141.21 DOWN

RELCAPITAL 363.9 358.42 352.93 370.62 377.33 365.13 477.78 DOWN

RELIANCE 990.1 976.73 963.37 997.73 1005.37 984.37 924.79 UP

RELINFRA 381.4 376.6 371.8 387.35 393.3 382.55 458.81 DOWN

REPCOHOME 578 562.97 547.93 587.22 596.43 572.18 608.66 DOWN

RPOWER 30.8 30.38 29.97 31.38 31.97 30.97 40.35 DOWN

SAIL 80.3 78.97 77.63 81.47 82.63 80.13 78.22 UP

SBIN 257.45 255.18 252.92 259.03 260.62 256.77 279.53 DOWN

SHREECEM 15998.1 15877.83 15757.57 16105.38 16212.67 15985.12 17315.32 DOWN

SIEMENS 970.95 963.97 956.98 980.62 990.28 973.63 1163.5 DOWN

SOUTHBANK 21.45 21.2 20.95 21.75 22.05 21.5 28.01 DOWN

SREINFRA 59.15 56.57 53.98 60.87 62.58 58.28 90.89 DOWN

SRF 1650.55 1639.48 1628.42 1664.53 1678.52 1653.47 1872.96 DOWN

SRTRANSFIN 1145.25 1054.15 963.05 1230.2 1315.15 1139.1 1366.22 DOWN

STAR 410.65 398.78 386.92 418.48 426.32 406.62 696.18 DOWN

SUNPHARMA 579.3 571.95 564.6 587.75 596.2 580.4 532.11 UP

SUNTV 792.85 782.7 772.55 801.5 810.15 791.35 898.14 DOWN

SUZLON 7.55 7.4 7.25 7.65 7.75 7.5 12.75 DOWN

SYNDIBANK 40.2 39.58 38.97 40.73 41.27 40.12 65.89 DOWN

TATACHEM 691.65 685.97 680.28 701.17 710.68 695.48 716.18 DOWN

TATACOMM 590.7 584.9 579.1 595.9 601.1 590.1 650.45 DOWN

TATAELXSI 1359.5 1349.1 1338.7 1370.9 1382.3 1360.5 1030.81 UP

TATAGLOBAL 277.3 274.77 272.23 280.42 283.53 277.88 266.31 UP

TATAMOTORS 267.05 264.63 262.22 270.48 273.92 268.07 373.39 DOWN

TATAMTRDVR 157.35 155.32 153.28 158.82 160.28 156.78 212.7 DOWN

TATAPOWER 72.05 71.58 71.12 72.53 73.02 72.07 84.84 DOWN

TATASTEEL 571.1 562.63 554.17 576.48 581.87 568.02 638.58 DOWN

TCS 1866.15 1855.57 1844.98 1878.32 1890.48 1867.73 1489.73 UP

TECHM 654.5 649.2 643.9 662.6 670.7 657.3 578.4 UP

TITAN 886.55 879.58 872.62 896.43 906.32 889.47 830.34 UP

TV18BRDCST 47.4 46.4 45.4 48.55 49.7 47.55 55.35 DOWN

TVSMOTOR 581.4 566.07 550.73 590.87 600.33 575.53 667.14 DOWN

UBL 1178.35 1146.77 1115.18 1196.27 1214.18 1164.68 1064.51 UP

UJJIVAN 377.5 371.3 365.1 383.85 390.2 377.65 374.57 UP

ULTRACEMCO 3790.65 3748.77 3706.88 3818.77 3846.88 3776.88 4089.37 DOWN

UNIONBANK 79.75 78.98 78.22 80.73 81.72 79.97 121.43 DOWN

UPL 624.2 618.5 612.8 631.95 639.7 626.25 738.24 DOWN

VEDL 228.05 225.68 223.32 229.93 231.82 227.57 300.9 DOWN

VOLTAS 525.4 520.3 515.2 532.25 539.1 527.15 589.57 DOWN

WIPRO 261.95 259.18 256.42 263.63 265.32 260.87 288.18 DOWN

WOCKPHARMA 649.45 637.97 626.48 659.97 670.48 648.48 741.01 DOWN

YESBANK 335.55 332.87 330.18 337.87 340.18 335.18 329.79 UP

ZEEL 542.2 537.77 533.33 546.42 550.63 541.98 563.76 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 yesterday's trade, MCX Gold was seen trading rangebound. 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 seen trading range bound. 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 4945. Interweek strategy: Buy only on dips between 4945-5001 zone, targeting 5250 zone and then at 5445-5505 zone with stop at 4901.

Copper prices were seen drifting down in yesterday's trade. Support now seen at 437.50. Confirmation of strength only above 469. Interweek strategy: Establish buy positions above 555, targeting 469 and then at 483-485 zone with stop at 433.

Natural Gas prices were seen consolidating 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 inched up in yesterday's trade despite strength in domestic stock markets. Key interweek support seen at 67.45. Hurdles now seen at 69.11. Interweek Strategy: Buy between 68.21-68.30 zone, targeting 69.11 and then aggressive targets at 70-70.05 zone with stop below 67.45.

30575 30251 30001 31251 31750 Neutral

3951 39001 38641 40451 41751 Neutral

5079 4945 4627 5245 5505 Positive

442 438 421 455 469 Neutral

198.80 197.50 185.00 207.00 225.00 Positive

68.73 68.21 67.45 69.11 70.05 Positive

MCX CRUDE OIL: Intraday hurdles seen at 5245. Positive bias.

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



Gold attempts a rebound in a rebound session. Strength seen only above $1268.

In yesterday's trade, gold prices were seen rebounding in yesterday's trade. Confirmation of strength only above 1268. Interweek strategy: Establish long positions at CMP, targeting 1268 zone and then at 1291-1297 zone with stop at 1239.

Silver prices were seen inching up, tracking strength in gold prices. Confirmation of strength only above 17.05. 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 was seen consolidating in yesterday's trade. Major hurdles now seen at 77-77.50 zone. Interweek strategy: Buy between 71.45-72.05 zone, targeting 77.50 zone and then at 79-81.05 with stop at 71.05.

The EUR/USD was seen inching up 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 traded sideways in yesterday's trade. Technically, bias continues to be positive. Hurdles at 97.50. Downside well supported at 92.50. Major weakness now below 92.50. Upside targets now at 99.

The Dow Jones Industrial Average was shut for the Independence Day holiday Dow Jones Industrial Average futures were seen rising 64 points, or 0.3%, to 24,277. Expect Wall Street to struggle as trade tensions between the U.S. and its major trading partners continued to show signs of escalating.. Negative bias.

1255 1245 1239 1268 1297 Neutral

16.07 15.75 15.05 17.05 18.01 Neutral

73.84 71.45 67.45 77.5 81.05 Neutral

1.1642 1.1505 1.4445 1.1901 1.2205 Neutral

94.68 92.50 89.25 97.50 99.00 Positive

24174 23405 22501 25505 26125 Negative


DAILY PIVOT TABLE



CommodityExchange Close S1 S2 R1 R2200 Day

SMA Reversal

Point Trend

MCX ALUMINUM

MCX CARDAMOM

NCDEX CASTOR

NCDEX CHANA

MCX COPPER

MCX COTTON

MCX CRUDE-OIL

MCX GOLD

NCDEX GAUR GUM

NCDEX GAUR SEED

NCDEX JEERA

MCX LEAD

MCX MENTHA OIL

MCX NATURAL GAS

MCX NICKLE

NCDEX RM SEED

MCX SILVER

NCDEX SUGAR

NCDEX SOYA BEAN

MCX ZINC

144.2 142.82 141.43 146.42 148.63 142.55 152.25 DOWN

1012.7 1001.17 989.63 1028.07 1043.43 1036.36 956.3 UP

4190 4163.33 4136.67 4215.33 4240.67 4242.17 4086 UP

3580 3534.33 3488.67 3609.33 3638.67 4155.73 3368 UP

445.75 442.37 438.98 451.17 456.58 451.1 459.97 DOWN

22280 22180 22080 22380 22480 20122.45 21780 UP

5080 4992.33 4904.67 5170.33 5260.67 4053.02 4821 UP

30493 30300.33 30107.67 30629.33 30765.67 30130.27 30810.5 DOWN

8240 8161.67 8083.33 8328.67 8417.33 8562.16 7838 UP

3884.5 3849.33 3814.17 3924.33 3964.17 3957.99 3704 UP

18370 18118.33 17866.67 18608.33 18846.67 17740.97 17050 UP

164.35 163.48 162.62 165.53 166.72 161.37 168.95 DOWN

1318.9 1292.97 1267.03 1331.87 1344.83 1415.53 1172.7 UP

198.4 196.73 195.07 199.93 201.47 188.12 196 UP

984.5 974 963.5 1003.6 1022.7 856.88 1060.3 DOWN

4028 4009 3990 4043 4058 3954.31 3937 UP

39078 38795.66 38513.33 39236.66 39395.33 39142.84 40065 DOWN

2709 2709 2709 2709 2709 3619.22 2651 UP

3579 3551.67 3524.33 3615.67 3652.33 3369.59 3433 UP

192.85 191.12 189.38 196.07 199.28 211.87 204.75 DOWN



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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