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Welcome Note

Monday03rd September, 2018

Stock Of The Day: (F & O)

Forecast and Analysis

CONTENTSCONTENTS



Title Page No.

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

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

Equity Derivatives 10

Daily Pivot Table (Equities) 11

Forecast and Analysis 12-14

Daily Pivot Table (Commodities) 15

Disclaimer 16

'30,000 feet view’:

The big picture of Dalal Street

'30,000 feet view’:

The big picture of Dalal Street



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

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

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

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

www.comfortsecurities.co.inEnjoy Your Comfort Zone.


Nifty Outlook

Intraday

Medium Term

Long Term

Key Levels to Watch

Nifty Support

Nifty Resistance

Pivot Level

Nifty

Outlook for the Day

INDICES

Nifty

Bank Nifty

Nifty Auto Index

Nifty FMCG Index

Nifty Infra Index

Nifty IT Index

Nifty Media Index

Nifty Midcap Index

Nifty Metal Index

Nifty Pharma Index

Nifty Reality Index

Nifty Smallcap Index

Sensex

SGX Nifty


11681 0.03%

28062 -0.15%

11009 0.01%

32912 0.21%

3289 1.14%

15811 1.81%

2840 -0.60%

5345 0.28%

6343 -0.60%

10391 2.67%

276 -0.07%

7669 0.35%

38645 -0.12%

11749 0.17%

Positive session likely.

Positive (11645-11745)

Neutral (11300-11901)

Neutral (12001)

11645 & 11531

11771 & 12001

11321

Good Morning & Welcome to first trading day of the week and also the first

trading day of the month at Dalal Street, dated 3rd of September 2018.

In early action, SGX Nifty is seen marching with strength, up 20 points at 11,749 mark.

This renewed optimism is on backdrop of stellar set of India's GDP data which

came in after market hours on Friday.

Indian economy is seen gaining momentum as is reflected by India's annual economic

growth which surged to a more than two-year high of 8.2% in the three months through

June, powered by a strong performance of manufacturing and consumer spending.

Amidst this backdrop, expect Nifty start on positive note.

But the big question is: Will the bounce sustain? Will the overbought technical

conditions weigh on the early strength?

Honestly speaking, Nifty is ripe for some sizeable corrective declines, but definitely that

day is not today. Agreed, that the ongoing optimism at Dalal Street will not last forever, but

for the day, short covering & some value buying will be the theme of the day.

We say so because, traders will be quite active as Wall Street is closed on Monday for Labor

Day holiday. So, global cues likely to be muted to positive. Anticipating the same, the

trading community at Dalal Street was seen active in Friday's trades as was reflected by the

market breadth indicating the overall health of the market, was quite positive.

Keeping hopes alive at the bulls camp are also some kind of resolution to the trade dispute

when the top-levels meet in near future.

Our call of the day says, 'Make Hay While The Sun Shines’

STOCKS TO WATCH:

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

INDIA, UNION BANK OF INDIA and CANARA BANK with interweek

perspective.

• Bullish stocks: JUBILANT FOODS, BOI. OBC, UBI, CANARA BANK, DHFL,

OFSS, UPL, ADANI ENTERPRISES, BHARAT FORGE, CENTURY TEXTILE, UBL, TATA

ELXSI, VGUARD.

• Bearish stocks: BEL, BPCL, HPCL, JUST DIAL, MCX, MGL, MRF, SOUTH INDIAN

BANK, SUN TV, SUZLON, TATA GLOBAL.

• Show Me the Money: Buy JUBILANT FOODS (CMP 1549): Jindal Steel & Power is

aiming to move above its all-time-high at 1578. Confirmation of major strength

above 1578 mark. Intraday Strategy: Buy between 1535-1545 zone, targeting

1578 and then more aggressive targets located at 1607-1621 zone. Stop below

1521.

• Auto stocks will be in focus as August monthly sales numbers have started to trickle

in.

• JSW Steel To Replace Lupin In Nifty 50 From Sept. 28. The company will join Tata

Steel Ltd., the only other steelmaker in the index, according to a press release by the

National Stock Exchange.

• Stocks banned in F&O segment for today: No stocks under ban period on NSE.

Outlook for Monday: Nifty may aim to reclaim its all-time-high.

Nifty is likely to trade with positive bias in today's trade, but aggressive bulls need to have a

strategy in case the bears takes the centre stage, else they are putting themselves at major



Technical Strategy


risk of capital. We say so because of the following two key negative catalysts surrounding

Dalal Street:

1. Weakening Indian Rupee.

2. Strength in Crude-oil prices.

The above two negative catalysts are bound to temper some excitement. And if last three

day's trading action is any indication then the ongoing optimism at Dalal Street will not last

forever. The longevity of the ongoing uptrend is now in question mark.

Brace yourself for volatile sessions in near term as we are expecting crude-oil prices to rise

further amidst risk of disruption, especially from OPEC-countries like Venezuela, Iran,

Libya and Nigeria. Also, a trade war unlikely to curb China's appetite for US crude.

Higher crude oil prices will definitely keep the Indian Rupee under pressure.

We suspect, escalating trade tension between U.S-China could be the real villain rattling

our stock markets. The heightened tensions between U.S. -China could not only hamper

U.S. economic growth but derail the global economy at large.

Long story short: Trade on buy side with strict stop losses in place.

FII/DII & OPTIONS DATA:

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

212.81 crores in the Indian Equity Market. On the other hand DIIs bought shares

worth Rs. 171.92 crores in the Indian Equity market.

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

strike price. While support for Nifty are seen at 11,000 strike price as maximum put

open interest seen at 11,000 strike price.

GLOBAL CUES:

• Amazon was star performer in last week's trade at Wall Street. Amozon shares have

crossed the $2,000 level for the first time, gaining over 70% this year.

Apple, which became the first U.S. publicly traded company to reach the $1 trillion

mark earlier this month, now has a market cap around $1.05 trillion and is the

second-best performing Dow component this year with a gain of 32%.

The rally in shares of Apple and Amazon have helped push the Nasdaq Composite

past the 8,000 mark for the first time. The tech-heavy benchmark has gained 17%

this year.

Jeff Bezos is already by far the world’s richest person. His net worth is currently

estimated to be $164 billion, compared with second-place Bill Gates of Microsoft

fame at $98.4 billion, and with third-place Warren Buffett, at $87.1 billion.

• In Friday's session, Wall Street ended higher on Friday's trade, with the major

benchmarks posting strong weekly gains and a strong finish in August. For the

week, the Dow rose 0.7%, and the Nasdaq gained 2.1%. For August month, the

Dow added 2.2%, the S&P added 3%, and the Nasdaq climbed 5.7%.

Both the Dow and the S&P notched their third straight weekly advances, while the

Nasdaq booked its second straight positive week and its best August return since

2000.

COMMODITY CUES:

• Crude Oil prices ended slightly lower in Friday's trade, on concerns that the U.S.-

China trade dispute lower demand, but that said prices held on to a solid gain for the

month, with U.S. sanctions on Iranian oil expected to lead to tighter global crude

supplies.

ORACLE FINANCE (OFSS)

Action

Target

Support

Resistance

Holding Period

4160.2

BUY

5001

3875/3661

4401/5050

90 days

In last week's trade, Oracle Finance (OFSS))

ended on a positive note and was seen

attempting a major breakout from a higher

consolidation zone on the daily charts, up 1.73%

on weekly basis.

Technically, the stock is in consolidation mode at

higher levels and the momentum oscillators are

signaling a major breakout on the buy mode. Any

move above 4401 zone will confirm strength

which also needs to be backed by increases in

volumes. The stock is seen moving up on daily

charts, backed by positive divergences.

Key support to watch in near term is at 3875 zone.

Medium term supports seen at 3661-3675 zone.

Intermonth perspective: Establish long

positions at CMP, and on dips between 3875-3901

zone, targeting 4405 zone and then at 4750

mark and final aggressive targets at 5001-5050

zone with strict stop at 3651.




• Copper prices slipped sharply in Friday's trade. MCX COPPER (414): Interweek strategy: Establish long positions between 408-411 zone,

targeting 421 and then at 431 and finally at 441-447.50 zone with stop at 403.

• Gold prices ended higher on Friday, but it still suffered a fifth consecutive monthly decline—the longest such streak of losses in more than

five years. The bullish takeaway is that gold prices have held the $1200 mark.

CURRIENCIES & BONDS:

• The U.S. dollar index inched higher in Friday's trade, just above the $95 mark amidst value buying.

• In Friday's trade, the Indian Rupee registered a fresh all-time closing low of 71 against the US dollar. Buying on dips should be preferred

strategy. Interweek strategy: Establish long position between 70.45-70.55 zone, targeting 71.05 and then aggressive targets at 72.50-73

with stop at 69.69.

MACRO WATCH:

• In terms of economic data, investors got further confirmation the U.S economy is improving. Second-quarter GDP was revised to 4.2%

versus the initial 4.1%. The street was expecting no change.

• India reported on Friday a fiscal deficit of Rs 5.40 lakh crore for April-July, or 86.5% of the budgeted target for the current fiscal year

compared with 92.4% a year earlier.

• Net tax receipts in the first four months of 2018-2019 fiscal year that ends in March 2019 were Rs 2.93 lakh crore, government data showed.

What Technical Tells Us on Nifty: Nifty ended almost unchanged in Friday's trade and was seen settling just above the dotted lines.

It was nice to see broader market clocking decent gains. The BSE Mid-Cap index rose 0.35%. The BSE Small-Cap index rose 0.55%. Both these

indices outperformed the Sensex.

Technically speaking, the must watch support levels are placed at 11,601 & then at 11,531. The technical landscape will worsen only if Nifty slips

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

The intraday bias is neutral amidst overbought technical conditions

For the day, we believe, Nifty will trade with slight positive bias with downside well supported at 11,601 mark. The make or break levels are at

11,601 mark. Hurdles continue to be at psychological 11,801 mark and then aggressive targets at 12,001 mark.

The price action for Nifty is suggesting that we are likely to see an 11,501-11,801 range in near term with positive bias.

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

Well, they say bull markets in stocks 'mature on optimism' and they eventually 'die on euphoria'. Well, at the moment the euphoria or panic buying

is still missing. This clearly indicates, Dalal Street stocks have further to run before hitting the wall.

Preferred trade on Nifty: Nifty (11681): Buy at CMP,

targeting 11721 and then at 11851-11901 zone with stop

at 11545.

Preferred trade on Bank Nifty: Bank Nifty (28062):

Establish long positions at CMP, targeting 28501 zone

and then at 28901-29001 zone with strict stop at 27551.

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


DLF has signalled a major breakout from a higher consolidation zone on the daily charts. Intraday Strategy: Establish long positions between 215-217.50 zone, targeting 225-227.50 zone and then aggressive targets located at 231 mark. Stop below 212.05.

BOI is aiming to move above its crucial oversold technical conditions on the daily charts. Confirmation of major strength above 105.05 mark. Interweek Strategy: Buy between 97.50-99 zone, targeting 103-105 zone and then more aggressive targets located at 109-111 Stop below 95.45.

The interweek/intermonth risk is on the upside with immediate targets at 701. Key intraday support seen at 657.50. Interweek Strategy: Buy between 657.50-662.50 zone, targeting 677.50 zone and then at 695-701 zone with stop below 645.

Buying on any corrective declines should be the preferred strategy for VGUARD. Key interweek support seen at 207.50 zone. Interweek Strategy: Buy between 218-222 zone, targeting 227.50 and then at 235-241 zone. Stop below 215.05.

UBI likely to enjoy strong sessions as the stock is signaling sharp rebound from oversold zone. UBI is signaling a breakout on intraday charts. Interweek Strategy: Buy at CMP, targeting 93.50 and then more aggressive targets located at 97.50-101 zone. Stop below 84.05.

BOI & UBI: Swing traders get ready, Your favorite PSU Banks are aiming a major rebound from extremely oversold conditions.

DLF

BANK OF INDIA (BOI)

DHFL

VGUARD

UNION BANK OF INDIA (UBI)

220.8 212.5 207 227.5 231 Positive

100.45 95.75 92.5 105.05 111 Positive

667.65 657.5 645 677.5 701 Positive

224.1 217.5 207..50 227.5 241 Positive

89.75 84.45 81 93 101 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 Friday’s trade, after a lower open, the benchmark Nifty bounced back and ended just above the

dotted lines. The market breadth, indicating the overall health of the market, was positive. But the real positive takeaway was that despite U.S-China uncertainty, Nifty remains close to record

levels and most importantly, are up for 6th consecutive week and for second straight month. Perhaps, keeping hopes alive at the bulls camp are some kind of resolution to the trade dispute when

the top-levels meet in near future. With U.S stocks markets closed in Monday's trade, we suspect Nifty to zoom past its all-time-high at

11761 mark. Amongst stocks looking attractive on buy side are Jubilant Foods, Union Bank of India

and Canara Bank with interweek perspective.

Amongst Broader Indices, the BSE Midcap Index was up 0.35%. The BSE Smallcap Index was up

0.55%. Both the indices outperformed Sensex/Nifty.

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

2.18%), BSE IT Index (up 1.38%), BSE Power Index (up 1.28%).

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

0.63%), BSE Oil & Gas Index (down, 0.28%), BSE Bankex Index (down, 0.16%)

Amongst stock specific action, positive bias was seen in stocks like DR REDDY (up 4.70%), TECHM

(4.66%), LUPIN (up 4.24%)

Among stocks drifting down were: YES BANK (down 5.18%), RELIANCE (down 2.79%), BAJFINSERV

(down 2.55%)

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

September Series. Call writing was seen predominantly at 11900-12100 strike prices for September

series.

Maximum Put Open Interest (OI) was seen at strike price 11600 followed by 11,500 strike price for

September series. Some short built up in puts was seen predominantly at 11600-11750 strike prices

for September series.

As per Friday’s Provisional Data available on the NSE, FII’s sold shares worth Rs. 212.81 crores in the

Indian Equity Market. On the other hand DIIs bought shares worth Rs. 171.92 crores in the Indian

Equity market.

Highest OI Nifty: Calls 11800: 27.43 L - Puts 11600: 32.42

Highest OI Bank Nifty: Calls 29000: 6.96 L - Puts 27000: 7.34 L

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

Long Buildup: PNB, IOC, POWERGRID, TECHM, BIOCON.

Short Buildup: YES BANK, RELIANCE, BALKRISHNA, BERGER PAINTS, PAGE IND.

Short Covering: HEXAWARE, RELINFRA, FEDERAL BANK, KOTAK BANK, INDUSIND BANK.

Long Unwinding: ICICI BANK, HINDALCO, CAPF, M&MFIN, UBL.

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

New In Ban: NIL.

Out of Ban: NIL.

Future Call: BUY BIOCON SEPTEMBER FUTURES between 623-626

zone. Targets 651 and then at 676. Stop: 611. Holding Period:

Intraday. Analyst’s Remark: Higher High/Low (Biocon September

Futures CMP 629.15).

Option Call: BUY DLF SEPTEMBER CE strike price 235 at CMP 4.45.

Profit: Unlimited. Maximum Loss: Rs. 11,125. Stop: Exit Call option if

DLF moves below 213. (DLF September Futures CMP 221.25).

11680.50 (+0.032%)

28061.75 (-0.15%)

12.5975 (+1.49%)

+50 vs +63

2.53 crores (+6.48%)

15.99 lakhs (-2.85%)

3453.61 2798.23

42825.68 41144.29

555158 1931286

203462 19731

923733 67988

3991373 416291

652982 51148

5771550 555158

Calls in lakhs (%Change)

11800 27.43 (+22%)

12000 26.39 (+23%)

11700 20.54 (+24%)

Puts in lakhs (% Change)

11600 32.42 (+28%)

11700 28.13 (+15%)

11500 31.76 (+19%)


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 11680.5 11637.85 11595.2 11725.4 11770.3 11682.75 10676.24 UP

BANKNIFTY 28061.75 27949.35 27836.95 28165.75 28269.75 28053.35 26020.63 UP

NIFTYMID50 5345.45 5309.98 5274.52 5373.88 5402.32 5338.42 5160.15 UP

ACC 1638.75 1625.8 1612.85 1648.35 1657.95 1635.4 1559.36 UP

ADANIENT 225.25 222.2 219.15 228.45 231.65 225.4 162 UP

ADANIPORTS 383.15 378.23 373.32 391.03 398.92 386.12 391.44 DOWN

AJANTPHARM 1270.75 1252.35 1233.95 1289.8 1308.85 1271.4 1262.49 UP

ALBK 42.65 41.57 40.48 43.32 43.98 42.23 54.06 DOWN

AMARAJABAT 845.9 836.27 826.63 854.92 863.93 845.28 810.6 UP

ANDHRABANK 33.9 33.08 32.27 34.43 34.97 33.62 43.95 DOWN

APOLLOTYRE 251.4 249.75 248.1 253.95 256.5 252.3 268.79 DOWN

ARVIND 399.25 393.17 387.08 406.32 413.38 400.23 414.22 DOWN

ASHOKLEY 129.05 127.32 125.58 131.27 133.48 129.53 133.47 DOWN

ASIANPAINT 1372.45 1360.43 1348.42 1388.23 1404.02 1376.22 1226.33 UP

AUROPHARMA 712.75 694.52 676.28 725.47 738.18 707.23 623.67 UP

AXISBANK 649.25 642.5 635.75 654.75 660.25 648 547.44 UP

BAJAJ-AUTO 2744.85 2715.43 2686.02 2764.63 2784.42 2735.22 2974.18 DOWN

BAJAJFINSV 6747.8 6659.07 6570.33 6902.47 7057.13 6813.73 5619.39 UP

BAJFINANCE 2856.6 2813.52 2770.43 2927.27 2997.93 2884.18 2022.45 UP

BALKRISIND 1360.1 1334.07 1308.03 1404.07 1448.03 1378.03 1164.02 UP

BALRAMCHIN 76.45 74.88 73.32 77.93 79.42 76.37 96.5 DOWN

BANKBARODA 152.95 148.95 144.95 155.2 157.45 151.2 146.76 UP

BANKINDIA 100.45 97.6 94.75 102.15 103.85 99.3 123.54 DOWN

BATAINDIA 1082.4 1068.02 1053.63 1097.97 1113.53 1083.58 789 UP

BEL 113.5 111.9 110.3 116.25 119 114.65 142.46 DOWN

BEML 840.4 823.33 806.27 855.73 871.07 838.67 1154.2 DOWN

BERGEPAINT 334.7 331.07 327.43 340.12 345.53 336.48 274.59 UP

BHARATFIN 1162.6 1140.8 1119 1177.15 1191.7 1155.35 1098.11 UP

BHARATFORG 679.05 670.33 661.62 685.88 692.72 677.17 694.24 DOWN

BHARTIARTL 383.85 377.9 371.95 387.9 391.95 381.95 420.35 DOWN

BHEL 80.6 79.07 77.53 82.17 83.73 80.63 84.66 DOWN

BIOCON 624 609.53 595.07 634.23 644.47 619.77 585.77 UP

BPCL 362.1 356.63 351.17 366.93 371.77 361.47 433.9 DOWN

BRITANNIA 6736.75 6664.53 6592.32 6794.48 6852.22 6722.27 5402.97 UP

CANBK 283.7 278.35 273 287.9 292.1 282.55 296.16 DOWN

CANFINHOME 319.9 316.93 313.97 323.38 326.87 320.42 423.42 DOWN

CAPF 644.3 633.33 622.37 660.63 676.97 649.67 634.06 UP

CASTROLIND 158.8 156.85 154.9 161 163.2 159.05 184.64 DOWN

CEATLTD 1386.4 1372.3 1358.2 1408.25 1430.1 1394.15 1561.4 DOWN

CENTURYTEX 978.15 959.6 941.05 992.35 1006.55 973.8 1139.43 DOWN

CESC 995.9 983.03 970.17 1011.73 1027.57 998.87 999.3 DOWN

CHENNPETRO 314.65 309.77 304.88 318.77 322.88 313.88 348.83 DOWN

CHOLAFIN 1476.15 1459.47 1442.78 1486.42 1496.68 1469.73 1448.63 UP

CIPLA 662.15 653.13 644.12 667.58 673.02 658.57 596.48 UP

COALINDIA 285.95 283.8 281.65 289.3 292.65 287.15 280.69 UP

COLPAL 1169 1152.73 1136.47 1182.33 1195.67 1166.07 1117.96 UP

CONCOR 651.85 638.72 625.58 659.92 667.98 646.78 659.69 DOWN

CUMMINSIND 768.15 759.93 751.72 781.43 794.72 773.22 773.2 DOWN

DABUR 478.75 474.98 471.22 482.58 486.42 478.82 366.74 UP

DALMIABHA 2623.5 2594.97 2566.43 2658.32 2693.13 2629.78 2801.18 DOWN

DCBBANK 178.7 174.93 171.17 181.33 183.97 177.57 178.07 UP

DHFL 667.65 660.8 653.95 675.7 683.75 668.85 594.56 UP

DISHTV 71.55 70.58 69.62 72.63 73.72 71.67 73.98 DOWN

DIVISLAB 1305.9 1291.27 1276.63 1324.27 1342.63 1309.63 1096.42 UP

DLF 220.8 217.9 215 223 225.2 220.1 216.58 UP

DRREDDY 2492 2425 2358 2529 2566 2462 2216.56 UP

EICHERMOT 28059.75 27735.17 27410.58 28264.17 28468.58 27939.58 28913.59 DOWN

ENGINERSIN 128.25 126 123.75 130.2 132.15 127.95 156.62 DOWN

ESCORTS 869.75 860.83 851.92 882.33 894.92 873.42 851.99 UP

EXIDEIND 285.1 280.97 276.83 289.37 293.63 285.23 238.7 UP

FEDERALBNK 81.1 80.17 79.23 81.72 82.33 80.78 94.61 DOWN

FORTIS 146.6 145.33 144.07 148.63 150.67 147.37 144.88 UP

GAIL 372.2 367 361.8 380.55 388.9 375.35 349.57 UP

GLENMARK 665.65 658.03 650.42 672.43 679.22 664.82 569.38 UP

GMRINFRA 21.1 20.15 19.2 21.65 22.2 20.7 18.58 UP

GODREJCP 1452.15 1441.13 1430.12 1465.58 1479.02 1454.57 1120.11 UP

GODREJIND 646.65 635.37 624.08 653.82 660.98 642.53 587.95 UP

GRANULES 115.65 113.25 110.85 117.9 120.15 115.5 109.38 UP

GRASIM 1067.5 1058.67 1049.83 1076.67 1085.83 1067.83 1088.17 DOWN

GSFC 120.15 118.83 117.52 121.63 123.12 120.32 126.93 DOWN

HAVELLS 725.25 713.9 702.55 731.75 738.25 720.4 553.06 UP

HCC 14.2 13.5 12.8 14.7 15.2 14 25.26 DOWN

HCLTECH 1046.45 1025.63 1004.82 1061.13 1075.82 1040.32 940.81 UP

HDFC 1935.95 1915.18 1894.42 1949.58 1963.22 1928.82 1839.83 UP

HDFCBANK 2061.2 2053.38 2045.57 2073.88 2086.57 2066.07 1968.83 UP

HDIL 32.85 30.9 28.95 34.05 35.25 32.1 40.27 DOWN

HEROMOTOCO 3253.8 3216.57 3179.33 3275.52 3297.23 3238.28 3563.36 DOWN

HEXAWARE 438.8 432.77 426.73 444.97 451.13 438.93 401.29 UP

HINDALCO 237.95 235.97 233.98 240.32 242.68 238.33 237.12 UP

HINDPETRO 253.8 250.97 248.13 256.37 258.93 253.53 344.29 DOWN

HINDUNILVR 1780.1 1766.75 1753.4 1791.7 1803.3 1778.35 1474.06 UP

HINDZINC 299.55 294.85 290.15 302.45 305.35 297.75 299.89 DOWN

IBREALEST 154.35 151.3 148.25 158.2 162.05 155.15 191.92 DOWN

IBULHSGFIN 1259.25 1250.2 1241.15 1274.8 1290.35 1265.75 1238.73 UP

ICICIBANK 342.6 338.47 334.33 346.77 350.93 342.63 303.93 UP

ICICIPRULI 375.35 372.33 369.32 380.13 384.92 377.12 398.16 DOWN

ICIL 79.1 74.72 70.33 83.37 87.63 78.98 94.2 DOWN

IDBI 62.7 61.07 59.43 63.77 64.83 62.13 63.45 DOWN

IDEA 49.35 48 46.65 51.8 54.25 50.45 74.71 DOWN

IDFC 52.65 51.75 50.85 53.45 54.25 52.55 53.28 DOWN

IDFCBANK 47.6 46.72 45.83 49.02 50.43 48.13 48.34 DOWN

IFCI 17.3 17.03 16.77 17.53 17.77 17.27 21.06 DOWN

IGL 290.4 286.23 282.07 293.83 297.27 289.67 292.46 DOWN

INDIACEM 126.4 124.17 121.93 128.32 130.23 126.08 144.72 DOWN

INDIANB 332.45 328.4 324.35 335.7 338.95 331.65 344.27 DOWN

INDIGO 928.85 917.47 906.08 948.07 967.28 936.68 1198.81 DOWN

INDUSINDBK 1906.6 1873.8 1841 1927.6 1948.6 1894.8 1810.38 UP

INFIBEAM 228.2 224.95 221.7 231.1 234 227.85 164.74 UP

INFRATEL 286.9 283 279.1 292.8 298.7 288.9 329 DOWN

INFY 1441.1 1423.37 1405.63 1456.57 1472.03 1438.83 1180.78 UP

IOC 155.55 153.63 151.72 156.88 158.22 154.97 178.05 DOWN

ITC 319.85 317.17 314.48 322.57 325.28 319.88 272.73 UP

JETAIRWAYS 282.55 277.9 273.25 286.3 290.05 281.65 564.1 DOWN

JINDALSTEL 220.75 216.87 212.98 225.02 229.28 221.13 224.4 DOWN

JISLJALEQS 85.25 83.95 82.65 86.65 88.05 85.35 106.86 DOWN

JPASSOCIAT 11.95 11.67 11.38 12.17 12.38 11.88 17.63 DOWN

JSWENERGY 72.9 71.18 69.47 73.98 75.07 72.27 77.26 DOWN

JSWSTEEL 396.35 391.53 386.72 402.23 408.12 397.42 305.02 UP

JUBLFOOD 1549.35 1528.3 1507.25 1565.2 1581.05 1544.15 1171.26 UP

JUSTDIAL 558.45 554.05 549.65 564.8 571.15 560.4 512.7 UP

KOTAKBANK 1287.25 1277.2 1267.15 1295.65 1304.05 1285.6 1166.92 UP

KPIT 303 297.8 292.6 306.5 310 301.3 236.09 UP

KSCL 642.7 633.57 624.43 656.27 669.83 647.13 534.66 UP

KTKBANK 119.55 118.25 116.95 120.4 121.25 119.1 129.85 DOWN

L&TFH 181.4 178.92 176.43 185.17 188.93 182.68 169.01 UP

LICHSGFIN 520.9 515.73 510.57 528.53 536.17 523.37 531.35 DOWN

LT 1369.55 1354.33 1339.12 1379.38 1389.22 1364.17 1309.02 UP

LUPIN 931.45 904.87 878.28 948.92 966.38 922.33 833.11 UP

M&M 965.3 953.63 941.97 982.48 999.67 970.82 817.24 UP

M&MFIN 489.15 482.23 475.32 494.43 499.72 487.52 470.92 UP

MANAPPURAM 100.1 99.22 98.33 101.12 102.13 100.23 109.17 DOWN

MARICO 369.45 363.18 356.92 375.33 381.22 369.07 325.56 UP

MARUTI 9096.4 9032.8 8969.2 9207.5 9318.6 9143.9 9026.4 UP

MCDOWELL-N 630.25 618.57 606.88 645.97 661.68 634.28 657.9 DOWN

MCX 828.1 819.83 811.57 837.63 847.17 829.37 821.42 UP

MGL 865.75 853 840.25 873.75 881.75 861 956.94 DOWN

MOTHERSUMI 304.1 299.15 294.2 310.9 317.7 305.95 333.08 DOWN

MRF 74026.75 73251.17 72475.59 74551.17 75075.59 73775.59 73241.95 UP

MRPL 80.85 80.28 79.72 81.73 82.62 81.17 106.53 DOWN

MUTHOOTFIN 409.4 403.78 398.17 414.93 420.47 409.32 417.16 DOWN

NATIONALUM 74.85 73.88 72.92 76.48 78.12 75.52 72.66 UP

NBCC 72.05 71.32 70.58 72.72 73.38 71.98 99.29 DOWN

NCC 98.65 97.1 95.55 99.9 101.15 98.35 114.91 DOWN

NMDC 111.5 108.72 105.93 114.32 117.13 111.53 121.93 DOWN

NTPC 171.5 169.43 167.37 173.13 174.77 171.07 167.28 UP

OFSS 4160.2 4138.37 4116.53 4183.52 4206.83 4161.68 3974.81 UP

OIL 213.6 212.02 210.43 215.97 218.33 214.38 227.01 DOWN

ONGC 180.05 178.12 176.18 181.62 183.18 179.68 178.86 UP

ORIENTBANK 84.25 82.05 79.85 86.15 88.05 83.95 97.04 DOWN

PCJEWELLER 84.25 83.2 82.15 85.9 87.55 84.85 279.95 DOWN

PEL 3199.75 3110.48 3021.22 3298.48 3397.22 3209.22 2629.98 UP

PETRONET 248.05 242.28 236.52 251.63 255.22 245.87 233.39 UP

PFC 84.4 83 81.6 86.3 88.2 84.9 95.99 DOWN

PIDILITIND 1168.65 1145.23 1121.82 1183.93 1199.22 1160.52 990.13 UP

PNB 88.15 85.05 81.95 89.85 91.55 86.75 116.65 DOWN

POWERGRID 201.5 196.82 192.13 204.22 206.93 199.53 197.33 UP

PTC 83.85 82.38 80.92 84.78 85.72 83.32 95.02 DOWN

PVR 1372.75 1356.68 1340.62 1387.88 1403.02 1371.82 1339.92 UP

RAMCOCEM 689.35 679.03 668.72 700.73 712.12 690.42 742.52 DOWN

RAYMOND 843.25 834.32 825.38 853.32 863.38 844.38 965.1 DOWN

RBLBANK 627.25 620.6 613.95 633.8 640.35 627.15 523.22 UP

RCOM 18.25 17.85 17.45 18.7 19.15 18.3 19.55 DOWN

RECLTD 119.8 118.03 116.27 121.53 123.27 119.77 130.4 DOWN

RELCAPITAL 472.2 461.37 450.53 479.02 485.83 468.18 442.13 UP

RELIANCE 1241.65 1228.83 1216.02 1262.23 1282.82 1249.42 982.04 UP

RELINFRA 477.95 461.63 445.32 487.83 497.72 471.52 444.7 UP

REPCOHOME 544.75 537.58 530.42 553.93 563.12 546.77 601.46 DOWN

RPOWER 37.75 36.28 34.82 38.68 39.62 37.22 38.7 DOWN

SAIL 79.85 78.9 77.95 81.05 82.25 80.1 80.54 DOWN

SBIN 309.6 305.88 302.17 311.98 314.37 308.27 281.19 UP

SHREECEM 18925.8 18658.87 18391.93 19113.87 19301.93 18846.93 17063.12 UP

SIEMENS 1019.75 1003.37 986.98 1030.42 1041.08 1014.03 1110.45 DOWN

SOUTHBANK 17.55 17.42 17.28 17.72 17.88 17.58 25.75 DOWN

SREINFRA 55.05 53.1 51.15 56.5 57.95 54.55 79.81 DOWN

SRF 2022.4 1981.43 1940.47 2064.08 2105.77 2023.12 1901.07 UP

SRTRANSFIN 1335.8 1321.88 1307.97 1349.83 1363.87 1335.92 1403.16 DOWN

STAR 496.6 489.93 483.27 501.33 506.07 494.67 603.95 DOWN

SUNPHARMA 652.85 644.3 635.75 660.4 667.95 651.85 542.79 UP

SUNTV 766.2 760.8 755.4 772.2 778.2 766.8 891.23 DOWN

SUZLON 7.15 7.08 7.02 7.23 7.32 7.17 11.05 DOWN

SYNDIBANK 40.3 39.65 39 40.9 41.5 40.25 59.46 DOWN

TATACHEM 759.65 752.87 746.08 768.12 776.58 761.33 717.56 UP

TATACOMM 540 529.4 518.8 557.8 575.6 547.2 626.29 DOWN

TATAELXSI 1435.85 1409.77 1383.68 1453.37 1470.88 1427.28 1142.87 UP

TATAGLOBAL 234.3 231.58 228.87 238.38 242.47 235.67 272.26 DOWN

TATAMOTORS 267.5 260.98 254.47 271.13 274.77 264.62 340.62 DOWN

TATAMTRDVR 142.05 139.23 136.42 143.93 145.82 141.12 193.88 DOWN

TATAPOWER 76.7 74.83 72.97 78.08 79.47 76.22 82.67 DOWN

TATASTEEL 600.5 594.9 589.3 610.3 620.1 604.7 618.77 DOWN

TCS 2078.4 2070.93 2063.47 2088.93 2099.47 2081.47 1631.48 UP

TECHM 765.8 741.78 717.77 779.28 792.77 755.27 619.38 UP

TITAN 891.9 881.07 870.23 898.77 905.63 887.93 879.46 UP

TV18BRDCST 46.05 45.55 45.05 46.75 47.45 46.25 56.53 DOWN

TVSMOTOR 569.35 561.35 553.35 574.6 579.85 566.6 640.45 DOWN

UBL 1404.1 1387.12 1370.13 1424.02 1443.93 1407.03 1125.65 UP

UJJIVAN 349.3 346.03 342.77 354.28 359.27 351.02 380.52 DOWN

ULTRACEMCO 4475.5 4417.82 4360.13 4513.42 4551.33 4455.73 4088.5 UP

UNIONBANK 89.75 87.6 85.45 91.15 92.55 89 109.23 DOWN

VEDL 227.7 224.27 220.83 230.87 234.03 227.43 279.55 DOWN

VGUARD 224.1 220.67 217.23 228.47 232.83 225.03 224.07 UP

VOLTAS 614.8 608.42 602.03 625.27 635.73 618.88 597.75 UP

WIPRO 301.25 298.33 295.42 305.33 309.42 302.42 285.83 UP

WOCKPHARMA 663.9 652.68 641.47 677.43 690.97 666.22 734.58 DOWN

YESBANK 343.5 336.5 329.5 350.25 357 343.25 335.63 UP

ZEEL 499.95 494.97 489.98 507.97 515.98 502.98 562.33 DOWN



Comfort ‘Forecast and Analysis’

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

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

Forecast and Analysis

Instrument TRADING STRATEGYLTP S1 S2 R1 R2 Bias


MCX GOLD

MCX SILVER

MCX CRUDE OIL

MCX COPPER

MCX NATURAL GAS

USD-INR

Forecast and Analysis …Direction at a glance



Interweek Strategy: Establish long positions between 29551-29701 zone, targeting 30251 and then at 30601-30699 zone. Stop 29251.

Interweek Strategy: Establish long positions between 36251-36501 zone, targeting 37601 and then at 38601-38751 zone. Stop 35751.

Intraday strategy: Establish long positions at CMP, targeting 5045 and then at 5205-5250 zone with stop at 4840.

Interweek strategy: Establish long positions between 408-411 zone, targeting 421 and then at 431 and finally at 441-447.50 zone with stop at 403.

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

USD/INR was seen flaring up in Friday's trade. Buying on dips should be preferred strategy. Interweek strategy: Establish long position between 70.45-70.55 zone, targeting 71.05 and then aggressive targets at 72.50-73 with stop at 69.69.

30133 29451 28695 30251 30699 Neutral

36719 36251 35899 37601 38751 Neutral

4961 4845 4671 5045 5250 Positive

414 408 393 431 448 Positive

206.60 191.00 185.00 213.00 225.00 Neutral

70.99 70.45 69.70 71.05 73.00 Positive

Oil prices ends slightly lower on Friday, as the U.S.-China trade dispute feeds worries about demand.

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



Wall Street closed on Sept. 3 for 'Labour day holiday'.

Intraday Strategy: Establish short positions between 1223-1227 zone, targeting 1201 zone and then aggressive targets at 1189-1193 zone with stop at 1235.

Intraday Strategy: Establish short positions between 15.07-15.13 zone, targeting 14.56 zone and then aggressive targets at 14.05-14.11 with stop at 15.39.

Intraday Strategy: Establish long positions between 68-69.25 zone, targeting 71.50 and then at 73 with stop at 68.05.

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

The U.S Dollar was seen attempting a rebound in Friday's trade amidst value buying. We shift our bias to neutral on the US Dollar Index. Hurdles at 97.50. Downside well supported at 92.50. Major weakness now only below 92.50.

Wall Street ended higher on Friday's trade, with the major benchmarks posting strong weekly gains and a strong finish in August. For the week, the Dow rose 0.7%, and the Nasdaq gained 2.1%. For August month, the Dow added 2.2%, the S&P added 3%, and the Nasdaq climbed 5.7%. Key hurdle now seen at 26451. The near term bias continues to be positive.

1207 1201 1189 1227 1233 Neutral

14.79 14.56 14.05 15.27 15.95 Neutral

69.88 68.95 67.5 71.5 73.05 Positive

1.1604 1.1501 1.1215 1.1751 1.1900 Neutral

95.10 92.50 90.00 97.50 99.00 Neutral

25965 25445 23501 26451 27901 Positive


DAILY PIVOT TABLE



CommodityExchange Close S1 S2 R1 R2200 Day

SMA Reversal

Point Trend

MCX ALUMINUM

MCX CARDAMOM

NCDEX CASTOR

NCDEX CHANA

MCX COPPER

MCX COTTON

MCX CRUDE-OIL

MCX GOLD

NCDEX GAUR GUM

NCDEX GAUR SEED

NCDEX JEERA

MCX LEAD

MCX MENTHA OIL

MCX NATURAL GAS

MCX NICKLE

NCDEX RM SEED

MCX SILVER

NCDEX SUGAR

NCDEX SOYA BEAN

MCX ZINC

149.9 148.52 147.13 151.82 153.73 143.36 142.45 DOWN

1344.5 1339.67 1334.83 1349.67 1354.83 1049.17 1296.5 UP

4613 4577.67 4542.33 4638.67 4664.33 4251.98 4570 UP

3891 3795.33 3699.67 3945.33 3999.67 3909.24 4197 UP

422.25 418.6 414.95 424.6 426.95 446.54 411.5 DOWN

22920 22830 22740 23020 23120 21036.15 23410 UP

4999 4948.33 4897.67 5031.33 5063.67 4324.52 4754 DOWN

30170 30081.33 29992.67 30287.33 30404.67 30201.74 29698 UP

9179 9050 8921 9264 9349 8791.79 9478 UP

4266 4209 4152 4306.5 4347 4062.92 4435 DOWN

19340 19213.33 19086.67 19453.33 19566.67 17789.22 18720 DOWN

145.85 144.42 142.98 147.62 149.38 158.37 142.65 UP

1722.2 1706.07 1689.93 1750.87 1779.53 1472.51 1630.4 UP

204.9 203.3 201.7 206 207.1 188.56 207.6 UP

938.4 931 923.6 948.8 959.2 896.48 952.2 DOWN

3983 3938 3893 4011 4039 4013.97 4103 DOWN

36861 36722.66 36584.33 37078.66 37296.33 38814.44 37480 DOWN

2709 2709 2709 2709 2709 3619.22 2651 DOWN

3226 3193.33 3160.67 3244.33 3262.67 3463.48 3263 UP

175 172.72 170.43 177.82 180.63 205.33 173.3 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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