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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.
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Welcome Note
Tuesday19th June, 2018
Stock Of The Day: (F & O)
Forecast and Analysis
CONTENTS
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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
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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 Tuesday’s trading action at Dalal Street, dated 19th June
2018.
This Tuesday morning, SGX Nifty is seen drowning in a sea of worry and you can blame the
negativity to trade-war fears which continue to dog Dalal Street.
So, as we all know, the U.S. has made good on plans to impose tariffs on $50 billion dollars
of Chinese goods. And as expected, China has retaliated with a matching amount of tariffs
on U.S. goods, and now concerns are percolating that the back and forth will lead to an all-
out trade war.
The bulls’ camp will hope that the current trade skirmish with China does not escalate into
a full-blown trade war, as that will eventually lead to negative impact on overall corporate
earnings growth.
Weighing on sentiments this morning are reports that Angela Merkel’s tenure as German
Chancellor is also under threat.
Amidst this backdrop, overnight at Wall Street the Dow Jones Industrial Average registered
its fifth straight decline falling 103 points, or 0.41%, to 24,987.
What Technical Tells Us on Nifty: In Monday’s trade, the benchmark Nifty traded volatile in
a range bound environment. Nifty fell 17.85 points to settle at 10,799.85.The market
breadth, indicating the overall health of the market, was weak. Interestingly, the BSE Mid-
Cap index fell 0.18%, outperforming the Sensex. The BSE Small-Cap index fell 0.77%,
underperforming the Sensex.
Technically speaking, Nifty is likely to consolidate in near term. In today’s session, Nifty
may most likely trade lackluster with investors likely to struggle for direction. The make or
break intraday support levels on Nifty are at 10,707 mark. Aggressive buying advised only
above Nifty 10901 mark.
The technical landscape will worsen only 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 arelo likely to see a 10,550-11100 range in
near term with positive bias. Hence, establishing ng positions on any sizeable corrective
declines with strict stop below 10501 should be the preferred trading strategy for the day.
Outlook for Tuesday: Nifty likely to trade with negative bias.
Judging by early trends at SGX Nifty, it appears that it will be a relatively muted session for
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.
7 AM GLOBAL UPDATE: DOW (-103, 24987) NASDAQ (+1, 7747) SGX NIFTY (-39,
10752) OIL (+1.20, $65.67) GOLD (+1, $1283)
Our call of the day says the benchmark Nifty may consolidate after a negative open. Any
corrective declines should be well supported at 10,707-10715 zone. Aggressive buying
recommended only above Nifty 10,901 mark.
Commodity Cues:
In commodities, Crude -oil prices were seen consolidating in Monday’s trade after China
threatened duties on American crude imports in a trade dispute with Washington, while
supply from OPEC and Russia was also expected to rise.
All anxious eyes now turn to OPEC’s next meeting on June 22 in Vienna.
10800 -0.17%
26409 -0.03%
11203 0.27%
28711 -0.22%
3196 -0.38%
14024 -0.69%
3171 -0.25%
5013 -0.27%
3480 -1.74%
9319 0.03%
287 -0.38%
7567 -0.82%
35548 -0.21%
10745 -0.44%
Volatile session likely.
Neutral (10761-10891)
Positive (10301-11001)
Neutral (11301)
10711 & 10601
10911 & 11001
10327
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Technical Strategy
‘30,000 feet view’: The big picture of Dalal Street
• Gold prices continued to consolidate at the lowest level of the year, on backdrop of
the benchmark U.S. dollar index touching an 11-month peak, weighing on assets
pegged to the monetary unit.
Currencies & Bonds:
• In the fixed income, the Treasury yield curve was seen flattening as the yield on 10-
year U.S. Treasury notes inched slightly to 2.98 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 continued to trade near the best level since
last 11-months.
• In yesterday’s trade, the USD/INR was seen consolidating. Bias continues to be
positive.
Macro Watch:
• India's foreign exchange reserves increased by $879.5 million to $413.109 billion in
the week to June 8, helped by rise in foreign currency assets, the Reserve Bank data
showed today.
• GST council could discus including petroleum products.Council next meeting could
discuss oil products - says Finance Minster.
• The Federal Open Market Committee lifted interest rates for the second time this
year. The Fed has signaled that it will continue to gradually increase rates in
response to higher inflation and strength in the U.S. labor market. Officials have
also set in motion a plan to reduce the Fed’s bond holdings, as the central bank
moves away from accommodative policies employed during and after the 2008
financial crisis.
The Federal Reserve has signaled that the U.S economic growth outlook warranted
a more aggressive rate-hike path than investors had anticipated.
IPO Watch:
• State-owned Rail India Technical and Economic Services (RITES) is all set to launch
its Rs 466-crore IPO on Wednesday, which will be the first divestment exercise of
the current fiscal by the government.
With RITES’s offer, the government intends to divest 12.6 per cent of the stake in
the company.
Stocks To Watch:
• Our chart of the day suggests establishing long positions on any sharp corrective
declines in stocks like TATA MOTORS, TECH MAHINDRA, and BHARAT
FINANCIAL.
• Bullish stocks: TECH MAHINDRA, RELIANCE (RIL), BHARAT FINANCIAL,
INDUSIND BANK, CAPITAL FIRST, JUBILANT FOODS, MARICO, MCDOWELL, JSW
STEEL, M&M, MARUTI, TATA MOTORS.
• Bearish stocks: BOSCH, LIC HOUSING FINANCE, WOCKHARDT, MANAPURAM,
MOTHERSON SUMI, INDIA CEMENTS, STAR, SUZLON, BANK OF INDIA, OBC, SBI,
APOLLO TYRES, MRF, BANK OF BARODA, WIPRO.
Show Me the Money: Sell MOTHERSON SUMI (CMP 302.30):The
interweek/intermonth bias is on the downside as long as 321 resistance is held. 07-
TECH MAHINDRA
Action
Target
Support
Resistance
Holding Period
710.55
BUY
745
685/661
722/755
21 Days.
In yesterday’s trade, Tech Mahindra’s stock price
was seen consolidating, up 0.47%.
Technically, Tech Mahindra is signaling a major
breakout on the daily charts from a higher
consolidation zone.
The stock is in bullish position where it wants to
ascent above its all-time-high at 730 zone. The
recent sequence of higher high/low is intact on
intraday and daily charts time frame.
The momentum oscillators are likely to shift on
buy side only on any move above 730 zone and
such up move needs to be backed by increases in
volumes.
Key support to watch in near term is at 685 zone.
Medium term supports seen at 666 zone.
Establish long positions at CMP, targeting 730 and
then aggressive targets located at 745-755 zone.
Stop 685.
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‘30,000 feet
view’: The big
picture of
Dalal Street
‘30,000 feet view’: The big picture of Dalal Street
Interweek Strategy: Establish short positions between 307-311 zone, targeting 305
and then aggressive targets located at 289-292 zone. Stop above 321.45.
• NMDC, Karnataka steelmakers clash over iron ore rates.
• The board of directors of ICICI BANK has appointed Sandeep Bakhshi as its
Wholetime Director and Chief Operating Officer (COO) designate. Bakhshi's
appointment as COO will be for a period of five years, subject to regulatory
approvals, and his tenure will start on June 19, the bank said in a disclosure to
exchanges.
• Government aims to raise about Rs60bn via tranche of Bharat 22 ETF, Bharat 22 ETF
tranche to open June 19-22.
• Lupin gets USFDA approval for generic contraceptive drug.
• Cabinet clears HDFC Bank's proposal to raise Rs 24,000 crore via FDI.
• Stocks banned in F&O segment for today: DHFL, INFIBEAM, JET AIRWAYS,
JUST DIAL.
Bulls Vs. Bears: Time to Pick a Side!!
For the day, on improving technical conditions buying on any sharp corrective weakness
should be the preferred trading strategy.
Preferred trade on Nifty: Nifty (10800): Buy on any early declines between 10725-
10745 zone, targeting 10901 and then at 10951-11000 zone with stop at 10571.
Preferred trade on Bank Nifty: Bank Nifty (26409): Buy between 26500-26550 zone,
targeting 26750 zone and then at 27101-27251 zone with strict stop at 26101.
Daily Chart of Nifty:
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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
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Stock Of The Day: (F & O)
The intraday/interweek bias is on the downside as long as 18627 resistance is held. Intraday Strategy: Establish short positions at CMP, targeting 17751 and then aggressive targets located at 17001-17101 zone. Stop above 18627.
Key intraday hurdles seen at 933. Intraday Strategy: Sell between 916-921 zone, targeting 901 and then at 875-881 zone. Stop above 933.
Momentum oscillators in sell mode. Key hurdles at 759. Interweek Strategy: Sell between 733-737 zone, targeting 721 zone and then at 705-709 zone with stop above 751.
The stock is signaling a major breakout from a higher consolidation on daily charts. Intraday Strategy: Establish long positions between 1175-1177 zone, targeting 1201 and then aggressive targets located at 1217-1221 zone. Stop above 1161.
Tata Motors is signaling a major rebound from an oversold zone on the daily charts. Key support seen at 293.50-295 zone. Key hurdles seen at 316. Interweek Strategy: Buy between 302-305 zone, targeting 316 and then at 325-327.50 zone. Stop below 293.
TATA MOTORS: The bull's are running late, but it's worth the wait.
BOSCH
ESCORTS
TATA CHEMICALS
BHARAT FINANCIAL
TATA MOTORS
17967 17751 17101 18311 18627 Negative
912.55 901 875 921 933 Negative
732.4 721 705 751 759 Negative
1184.05 1175 1161 1195 1221 Positive
308.8 302 293.5 316 325 Positive
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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)
Tuesday19th June, 2018
Market Summary:
Dalal Street mostly lost ground in yesterday’s session amidst U.S-China trade-war fears
which were seen as key negative catalyst. Weighing on sentiments was also Angela
Merkel’s tenure as German Chancellor which came under threat.
The market breadth, indicating the overall health of the market, was weak. Amongst
Broad Indices, the BSE Midcap Index was down by 0.23%. The BSE Small Cap Index was
even more down by 0.76%. Hence, both the indices underperformed the Sensex.
Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE Oil & Gas Index
(up 1.25%), BSE Auto Index (up 0.33%), BSE PSU Index (up 0.25%).
Amongst the sectoral indices, underperforming the Sensex/Nifty were BSE Metal Index
(down 1.72%), BSE IT Index (down -0.80%), BSE TECK Index (down -0.73%).
Amongst stock specific action, positive bias was seen in stocks like HPCL (up 5.14%),
ICICI Bank (up 3.72%), IOC (up 3.67%).
Among stocks drifting down were: Hindalco (down 2.70%), VEDL (down 2.68%), Bharti
Airtel (down 1.94%).
In Today’s session, supporting buying arguments for our stock markets would be
subdued crude-oil prices. The make or break support levels on Nifty is at 10,707 mark.
Aggressive perma-bears camp could look to sell on any early strength with strict stop on
Nifty at 10911.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.
Nifty’s key hurdle remains at psychological 11000 mark with maximum OI at 11000 strike
price; followed by 10,900 call option. Call writing was seen at the strike price of 11,000,
followed by 10,900 strike price. Call unwinding was seen at the strike price of 10,800.
As per Monday’s provisional data available on the NSE, Foreign institutional investors
(FIIs) sold shares for 9th straight day worth Rs. -754.43 crore, while domestic
institutional investors bought shares worth Rs 824.10 crore in the Indian equity market.
Highest OI Nifty: Calls 11000: 47.19 L - Puts 10700: 50.82 L
Highest OI Bank Nifty: Calls 27000: 14.26 L - Puts 26000: 8.86 L
Change in Stock Open Interest (OI) in previous day’s trade.
Long Buildup: TATA MOTORS, EQUITAS, BATA, BPCL, MRPL.
Short Buildup: VEDL, INFIBEAM, ASHOK LEY, JSW STEEL.
Short Covering: DLF, APOLLO TYRE, RELCAP, STAR, INDIANB.
Long Unwinding: MC DOWELL, IRB, NIITECH, ARVIND.
Stocks banned in F&O segment for today: DHFL, INFIBEAM, JET AIRWAYS, JUST
DIAL.
New In Ban: INFIBEAM.
Out of Ban: NIL.
Future Call: Buy BALRAMPUR CHINI JUNE Futures at between 71-
72.50 zone. Targets: 79 and then at 89. Stop: 67.75. (Balrampur
Chini June Futures CMP 72.35. Analyst’s Remark: Oversold Zone.
Option Call: Sell NIFTY JUNE PE strike price 10700 at CMP 49.30.
Maximum Profit: Rs. 3697.50. Loss: Unlimited. Stop: Exit Put Option
if Nifty closes below 10730. (Nifty June Futures CMP 10789).
10799.85 (-0.17%)
26409.30 (-0.031%)
12.38 (+2.57%)
-10 vs -03
2.52 crores (+2.22%)
28.03 lakhs (+4.70%)
2079.64 3206.62
23184.81 37544.01
467440 598789.74
132055 11967
697624 45598
3796527 365815
621791 44060
5247997 467440
Calls in lakhs (%Change)
10800 35.88 (-18%)
10900 36.16 (-22%)
11000 47.19 (-28%)
Putsin lakhs (% Change)
10800 35.98 (+11%)
10700 50.82 (+6%)
10600 42.98 (+4%)
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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.
Tuesday19th June, 2018
NIFTY 10799.85 10781.4 10762.95 10824.25 10848.65 10805.8 10404.07 UP
BANKNIFTY 26409.3 26328.67 26248.03 26483.72 26558.13 26403.08 25332.41 UP
NIFTYMID50 5012.55 4990.6 4968.65 5042.25 5071.95 5020.3 5136.35 DOWN
ACC 1300.4 1286.28 1272.17 1312.23 1324.07 1298.12 1641.82 DOWN
ADANIENT 134.35 131.2 128.05 136.75 139.15 133.6 152.25 DOWN
ADANIPORTS 370.55 367.92 365.28 374.47 378.38 371.83 398.63 DOWN
AJANTPHARM 1093.85 1071.63 1049.42 1121.03 1148.22 1098.82 1287.77 DOWN
ALBK 44.75 43.65 42.55 45.45 46.15 44.35 61.59 DOWN
AMARAJABAT 762.55 756.32 750.08 769.47 776.38 763.23 791.2 DOWN
ANDHRABANK 34.85 34.52 34.18 35.27 35.68 34.93 50.64 DOWN
APOLLOTYRE 271.4 268.22 265.03 274.37 277.33 271.18 263.07 UP
ARVIND 412.5 408.82 405.13 416.72 420.93 413.03 411.98 UP
ASHOKLEY 138.9 137.07 135.23 142.12 145.33 140.28 132.22 UP
ASIANPAINT 1282.05 1272.15 1262.25 1290.8 1299.55 1280.9 1179.16 UP
AUROPHARMA 613.85 605.18 596.52 620.53 627.22 611.87 656.24 DOWN
AXISBANK 522.55 519 515.45 528.55 534.55 525 533.04 DOWN
BAJAJ-AUTO 2895.3 2867.6 2839.9 2920.35 2945.4 2892.65 3053.77 DOWN
BAJAJFINSV 5995.75 5947.82 5899.88 6058.47 6121.18 6010.53 5284.5 UP
BAJFINANCE 2243.15 2219.57 2195.98 2281.37 2319.58 2257.78 1826.17 UP
BALKRISIND 1104 1094.85 1085.7 1115.25 1126.5 1106.1 1069.7 UP
BALRAMCHIN 72.1 71.07 70.03 73.57 75.03 72.53 121.81 DOWN
BANKBARODA 130.4 129.3 128.2 131.4 132.4 130.3 150.92 DOWN
BANKINDIA 97.5 96.85 96.2 98.55 99.6 97.9 140.55 DOWN
BATAINDIA 816.5 791 765.5 830.5 844.5 805 745.36 UP
BEL 114.3 112.67 111.03 116.67 119.03 115.03 158.68 DOWN
BEML 872.7 864.48 856.27 881.43 890.17 873.22 1395.64 DOWN
BERGEPAINT 286.9 283.77 280.63 292.52 298.13 289.38 261.3 UP
BHARATFIN 1184.05 1178.7 1173.35 1192.7 1201.35 1187.35 1039.82 UP
BHARATFORG 638.55 633.17 627.78 645.77 652.98 640.38 696.74 DOWN
BHEL 75.95 74.38 72.82 76.98 78.02 75.42 88.76 DOWN
BIOCON 620.35 615.42 610.48 627.37 634.38 622.43 523 UP
BPCL 423.1 416.18 409.27 429.58 436.07 422.67 465.79 DOWN
BRITANNIA 6074 6044.7 6015.4 6118.5 6163 6089.2 4898.89 UP
CANBK 267.7 265.48 263.27 270.78 273.87 268.57 317.51 DOWN
CANFINHOME 349.85 346.7 343.55 355.4 360.95 352.25 473.53 DOWN
CAPF 569.1 562.67 556.23 580.12 591.13 573.68 684.91 DOWN
CASTROLIND 170.95 169.73 168.52 172.73 174.52 171.52 192.35 DOWN
CEATLTD 1327.55 1310.63 1293.72 1349.33 1371.12 1332.42 1658.95 DOWN
CENTURYTEX 918.8 906.2 893.6 928.2 937.6 915.6 1241.07 DOWN
CESC 978.4 971.33 964.27 989.23 1000.07 982.17 1023.87 DOWN
CGPOWER 54.95 54.07 53.18 56.07 57.18 55.18 81.97 DOWN
CHENNPETRO 303.9 300.03 296.17 309.13 314.37 305.27 383.89 DOWN
CHOLAFIN 1611.8 1601.23 1590.67 1626.13 1640.47 1615.57 1358.61 UP
CIPLA 606.5 598.27 590.03 616.77 627.03 608.53 586.15 UP
COALINDIA 274.2 270.58 266.97 278.43 282.67 274.82 280.54 DOWN
CONCOR 1232.7 1215.02 1197.33 1260.17 1287.63 1242.48 1335.07 DOWN
CUMMINSIND 671.15 663.72 656.28 684.77 698.38 677.33 832.32 DOWN
DABUR 386.4 382.6 378.8 390 393.6 386.2 342.81 UP
DALMIABHA 2515.95 2491.28 2466.62 2551.78 2587.62 2527.12 2875.62 DOWN
DCBBANK 176.6 175.28 173.97 178.63 180.67 177.32 182.12 DOWN
DHFL 621.5 615.67 609.83 629.67 637.83 623.83 580.89 UP
DISHTV 72.1 71.55 71 72.75 73.4 72.2 75.43 DOWN
DIVISLAB 1100.4 1082.73 1065.07 1117.48 1134.57 1099.82 1028.83 UP
DLF 199.55 197.37 195.18 201.62 203.68 199.43 214.44 DOWN
DRREDDY 2385.85 2315.17 2244.48 2433.77 2481.68 2363.08 2232.27 UP
EICHERMOT 30135.3 29615.87 29096.43 30459.87 30784.43 29940.43 29799.63 UP
ENGINERSIN 130.15 126.8 123.45 133 135.85 129.65 165.75 DOWN
EQUITAS 150.45 148.92 147.38 152.72 154.98 151.18 151.24 DOWN
ESCORTS 912.55 903.65 894.75 923.1 933.65 914.2 801.23 UP
EXIDEIND 252 250.15 248.3 253.85 255.7 252 221.96 UP
FEDERALBNK 84 82.7 81.4 85.15 86.3 83.85 102.88 DOWN
FORTIS 137.5 136.35 135.2 139.3 141.1 138.15 146.42 DOWN
GAIL 338.1 334.4 330.7 340.4 342.7 336.7 338.56 DOWN
GLENMARK 581.3 573.98 566.67 590.13 598.97 582.82 572.58 UP
GODREJCP 1160.05 1149.93 1139.82 1173.23 1186.42 1163.12 1026.97 UP
GODREJIND 614.3 607.2 600.1 620.4 626.5 613.3 584.6 UP
GRANULES 88.6 87.15 85.7 90.1 91.6 88.65 117.92 DOWN
GRASIM 1020.1 1012.43 1004.77 1031.38 1042.67 1023.72 1137.24 DOWN
GSFC 115 113.47 111.93 116.07 117.13 114.53 135.08 DOWN
HAVELLS 547.35 541.03 534.72 558.28 569.22 551.97 524.84 UP
HCC 14.3 14.02 13.73 14.67 15.03 14.38 31.38 DOWN
HCLTECH 933.2 923.85 914.5 949.95 966.7 940.6 917.62 UP
HDFC 1823.55 1817.63 1811.72 1832.03 1840.52 1826.12 1790.17 UP
HDFCBANK 2019.15 2005.9 1992.65 2035.6 2052.05 2022.35 1889.48 UP
HDIL 22.65 22.43 22.22 22.83 23.02 22.62 49.63 DOWN
HEROMOTOCO 3666.15 3643.93 3621.72 3695.43 3724.72 3673.22 3674.86 DOWN
HEXAWARE 436 427.73 419.47 444.98 453.97 436.72 353.29 UP
HINDALCO 231 228.33 225.67 234.33 237.67 231.67 246.2 DOWN
HINDPETRO 322.1 315.02 307.93 327.27 332.43 320.18 389.91 DOWN
HINDUNILVR 1608.55 1595.03 1581.52 1630.53 1652.52 1617.02 1353.29 UP
HINDZINC 297.9 290.65 283.4 305.5 313.1 298.25 307.53 DOWN
IBREALEST 170.25 167.08 163.92 173.38 176.52 170.22 211.49 DOWN
IBULHSGFIN 1199.95 1168.97 1137.98 1217.97 1235.98 1186.98 1245.76 DOWN
ICICIBANK 293 286.2 279.4 297 301 290.2 301.46 DOWN
ICICIPRULI 397.5 394.9 392.3 400.9 404.3 398.3 403.45 DOWN
ICIL 76.85 69.82 62.78 81.32 85.78 74.28 103.76 DOWN
IDBI 59.3 58.45 57.6 60 60.7 59.15 63.06 DOWN
IDEA 62.25 61.57 60.88 63.07 63.88 62.38 82.84 DOWN
IDFC 49.55 49.2 48.85 49.95 50.35 49.6 56.8 DOWN
IDFCBANK 42.4 41.6 40.8 43.45 44.5 42.65 52.51 DOWN
IFCI 16.55 16.25 15.95 16.9 17.25 16.6 23.04 DOWN
IGL 259.3 257.03 254.77 263.23 267.17 260.97 297.26 DOWN
INDIACEM 114 112.8 111.6 115.1 116.2 113.9 162.78 DOWN
INDIANB 356 349.7 343.4 360.6 365.2 354.3 331.85 UP
INDIGO 1241.35 1231.17 1220.98 1250.72 1260.08 1240.53 1225.67 UP
INDUSINDBK 1967.95 1956.3 1944.65 1984.3 2000.65 1972.65 1740.57 UP
INFIBEAM 153.15 150.97 148.78 155.32 157.48 153.13 155.27 DOWN
INFRATEL 291.3 288.8 286.3 293.9 296.5 291.4 359.5 DOWN
INFY 1267.4 1256.08 1244.77 1284.98 1302.57 1273.67 1069.52 UP
IOC 173.9 170.27 166.63 177.37 180.83 173.73 190.17 DOWN
IRB 226.05 223.55 221.05 229.45 232.85 226.95 231.14 DOWN
ITC 264.55 263.53 262.52 265.53 266.52 264.52 267.71 DOWN
JETAIRWAYS 391.05 386.63 382.22 397.33 403.62 392.92 622.16 DOWN
JINDALSTEL 229.55 224.78 220.02 233.88 238.22 229.12 209.82 UP
JISLJALEQS 97.35 96.3 95.25 98.2 99.05 97.15 111.46 DOWN
JPASSOCIAT 15.4 14.25 13.1 16.2 17 15.05 18.89 DOWN
JSWENERGY 71.85 70.27 68.68 72.92 73.98 71.33 79.97 DOWN
JSWSTEEL 327.15 322.22 317.28 332.02 336.88 327.08 286.28 UP
JUBLFOOD 2810.7 2768.87 2727.03 2835.22 2859.73 2793.38 1983.08 UP
JUSTDIAL 565.05 559.27 553.48 572.77 580.48 566.98 472.31 UP
KOTAKBANK 1315.3 1304.37 1293.43 1333.62 1351.93 1322.68 1089.53 UP
KPIT 278.65 276.53 274.42 281.88 285.12 279.77 194.59 UP
KSCL 570.75 560.08 549.42 579.58 588.42 568.92 524.61 UP
KTKBANK 116.65 115.7 114.75 118.15 119.65 117.2 139.74 DOWN
L&TFH 164.4 163.15 161.9 165.9 167.4 164.65 177.51 DOWN
LICHSGFIN 500.65 494.97 489.28 505.37 510.08 499.68 562.95 DOWN
LT 1323.2 1317.03 1310.87 1333.38 1343.57 1327.22 1279.63 UP
LUPIN 902.2 887.27 872.33 917.07 931.93 902.13 867.48 UP
M&M 913.9 908.25 902.6 920.3 926.7 914.65 748.45 UP
M&MFIN 475.95 470.88 465.82 481.13 486.32 476.07 456.18 UP
MANAPPURAM 103.3 102.47 101.63 104.22 105.13 103.38 108.91 DOWN
MARICO 338.05 335.72 333.38 341.47 344.88 339.13 315.97 UP
MARUTI 8973.45 8924.13 8874.82 9036.58 9099.72 8987.27 8704.02 UP
MCDOWELL-N 665.75 657.97 650.18 678.42 691.08 670.63 633.1 UP
MCX 793.4 783.93 774.47 805.43 817.47 795.97 888.22 DOWN
MGL 829.55 824.47 819.38 834.62 839.68 829.53 1030.03 DOWN
MOTHERSUMI 302.3 296.38 290.47 309.83 317.37 303.92 344.54 DOWN
MRF 74359.8 73623.2 72886.6 75673.2 76986.6 74936.6 70290.24 UP
MRPL 90 88.38 86.77 91.23 92.47 89.62 119.45 DOWN
MUTHOOTFIN 390.15 386.03 381.92 394.23 398.32 390.12 439.95 DOWN
NATIONALUM 68.85 67.9 66.95 69.65 70.45 68.7 77.32 DOWN
NBCC 86.25 85.53 84.82 87.08 87.92 86.37 110.77 DOWN
NCC 102.6 100.17 97.73 106.17 109.73 103.73 114.33 DOWN
NMDC 112.05 110.92 109.78 113.02 113.98 111.88 127.63 DOWN
NTPC 157 156 155 157.9 158.8 156.9 171.45 DOWN
OFSS 4152.25 4080.42 4008.58 4218.67 4285.08 4146.83 3863.12 UP
OIL 217.15 213.75 210.35 222.2 227.25 218.8 231.66 DOWN
ONGC 164.6 162.77 160.93 166.92 169.23 165.08 181.34 DOWN
ORIENTBANK 79.25 78.33 77.42 80.33 81.42 79.42 110.2 DOWN
PCJEWELLER 151.1 145.3 139.5 156.95 162.8 151.15 344.19 DOWN
PEL 2548.1 2505.53 2462.97 2574.23 2600.37 2531.67 2639.67 DOWN
PETRONET 213.55 210.98 208.42 215.98 218.42 213.42 239.45 DOWN
PFC 80.7 79.8 78.9 82.15 83.6 81.25 109.08 DOWN
PIDILITIND 1078.05 1070.23 1062.42 1087.93 1097.82 1080.12 916.24 UP
PNB 88.5 87.58 86.67 90.03 91.57 89.12 135.58 DOWN
POWERGRID 198.65 196.77 194.88 200.02 201.38 198.13 203.57 DOWN
PTC 82.5 81.62 80.73 83.57 84.63 82.68 106.04 DOWN
PVR 1377.1 1349.18 1321.27 1406.83 1436.57 1378.92 1354.56 UP
RAMCOCEM 719.8 711.23 702.67 733.43 747.07 724.87 749.75 DOWN
RAYMOND 986.9 976.9 966.9 996.45 1006 986.45 971.19 UP
RBLBANK 551.6 546.87 542.13 558.97 566.33 554.23 510.24 UP
RCOM 15.15 14.9 14.65 15.5 15.85 15.25 20.33 DOWN
RECLTD 112.75 111.93 111.12 113.93 115.12 113.12 144.83 DOWN
RELCAPITAL 423.55 418.57 413.58 427.47 431.38 422.48 498.03 DOWN
RELIANCE 1015.55 1008.22 1000.88 1021.67 1027.78 1014.33 914.55 UP
RELINFRA 432.35 427.73 423.12 437.23 442.12 432.62 465.06 DOWN
REPCOHOME 564.45 558.88 553.32 569.13 573.82 563.57 614.98 DOWN
RPOWER 34.7 34.18 33.67 35.03 35.37 34.52 40.79 DOWN
SAIL 86.95 84.53 82.12 88.33 89.72 85.92 77.04 UP
SBIN 276.85 274.95 273.05 279.25 281.65 277.35 280.15 DOWN
SHREECEM 16129.6 16049.8 15970 16244.65 16359.7 16164.85 17474.01 DOWN
SIEMENS 1012.15 995.55 978.95 1032.2 1052.25 1015.6 1182.91 DOWN
SOUTHBANK 23.85 23.67 23.48 24.17 24.48 23.98 28.38 DOWN
SREINFRA 73.15 72.25 71.35 74.5 75.85 73.6 93.95 DOWN
SRF 1872.65 1853.47 1834.28 1898.37 1924.08 1879.18 1863.36 UP
SRTRANSFIN 1467.4 1448.27 1429.13 1489.27 1511.13 1470.13 1346.4 UP
STAR 405.6 391.17 376.73 417.22 428.83 402.78 728.35 DOWN
SUNPHARMA 570.1 563.23 556.37 577.63 585.17 570.77 527.23 UP
SUNTV 883.05 871.2 859.35 903.7 924.35 891.85 897.42 DOWN
SUZLON 7.9 7.83 7.77 7.98 8.07 7.92 13.29 DOWN
SYNDIBANK 48.65 47.88 47.12 49.38 50.12 48.62 67.17 DOWN
TATACHEM 732.4 726.93 721.47 740.93 749.47 735.47 709.95 UP
TATACOMM 604.9 598.8 592.7 614.2 623.5 608.1 654.98 DOWN
TATAELXSI 1295.8 1287.17 1278.53 1305.47 1315.13 1296.83 1003.4 UP
TATAGLOBAL 275.35 270.72 266.08 278.42 281.48 273.78 262.51 UP
TATAMOTORS 308.8 303.6 298.4 312.5 316.2 307.3 379.46 DOWN
TATAMTRDVR 183.8 180.48 177.17 186.13 188.47 182.82 215.79 DOWN
TATAPOWER 75 74.42 73.83 75.97 76.93 75.38 85.21 DOWN
TATASTEEL 558.5 549.38 540.27 565.53 572.57 556.42 660.21 DOWN
TCS 1829 1811.45 1793.9 1857.25 1885.5 1839.7 1453.5 UP
TECHM 710.55 703.22 695.88 716.02 721.48 708.68 563.47 UP
TITAN 897.7 891.18 884.67 904.73 911.77 898.22 815.43 UP
TV18BRDCST 56.85 56.27 55.68 57.57 58.28 56.98 54.58 UP
TVSMOTOR 596.9 587.47 578.03 604.17 611.43 594.73 670.13 DOWN
UBL 1284.25 1265.32 1246.38 1295.72 1307.18 1276.78 1039.88 UP
UJJIVAN 390.4 387.68 384.97 393.93 397.47 391.22 373.63 UP
ULTRACEMCO 3669.5 3637.67 3605.83 3704.67 3739.83 3672.83 4112.05 DOWN
UPL 692.25 688.73 685.22 697.83 703.42 694.32 749.48 DOWN
VEDL 232.2 228.57 224.93 235.92 239.63 232.28 306.29 DOWN
VGUARD 208.3 205.47 202.63 212.77 217.23 209.93 222.26 DOWN
VOLTAS 521.1 514.4 507.7 526.1 531.1 519.4 590.31 DOWN
WIPRO 265.75 263.43 261.12 268.53 271.32 266.22 290.4 DOWN
WOCKPHARMA 720.55 707.27 693.98 735.47 750.38 722.18 738.43 DOWN
YESBANK 331.65 328.28 324.92 334.43 337.22 331.07 331.28 UP
ZEEL 561.2 554.48 547.77 567.43 573.67 560.72 562.06 DOWN
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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 shifts to neutral. Confirmation of strength above 31445. Interweek Strategy: Establish long positions on dips to 30845-30901 zone, targeting 31445 zone and then at 31701-31751 zone with stop at 30245.
Silver prices too were trading with negative bias in yesterday's trade. Bias shifts to neutral. Establish short positions between 40.251-40501 zone, targeting 39741 and then at 38655-38901 zone with stop at 41251.
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 between 463-465 zone, targeting 477 and then at 489-495 zone with stop at 451.
Natural Gas prices were seen drifting down amidst profit booking in yesterday's trade. Key supports now at 185. Interweek strategy: Establish long positions between 195-197 zone, targeting 211 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 67.39. 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 66.85.
30979 30845 30251 31445 31750 Neutral
40046 39741 38655 41101 41751 Neutral
4443 4305 4211 4561 4971 Neutral
467 463 451 177 495 Positive
203.50 197.50 185.00 211.00 225.00 Positive
67.98 67.39 66.95 68.45 70.05 Positive
MCX NATURAL GAS: The technical landscape is improving. Buy on any corrective declines.
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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Wall Street broadly negative amidst escalating Washington-Beijing trade tensions, an issue that is seen as a major potential headwind
In yesterday's trade, gold prices were seen consolidating. Confirmation of strength only above 1297. Interweek strategy: Establish long positions between 1275-1277.50 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 1590-1601 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 range bound in yesterday's trade, but with positive bias. Technically, bias shifts to neutral/positive. Hurdles at 95. Downside well supported at 92.50. Major weakness now below 92.50.
The Dow Jones Industrial Average fell in Monday's session as trade-war fears continued to dog global markets. Technically, hurdles seen at 26125. Negative bias.
1281 1275 1261 1297 1313 Neutral
16.49 15.75 15.05 17.45 18.01 Neutral
65.27 63.75 62.5 67.15 69.05 Neutral
1.1619 1.1505 1.4445 1.1901 1.2205 Neutral
94.85 92.50 89.25 95.00 97.50 Positive
24921 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
151.95 150.62 149.28 153.87 155.78 141.69 157.7 DOWN
919.2 919.2 919.2 919.2 919.2 1047.61 852.45 UP
4049 4008.33 3967.67 4104.33 4159.67 4271.52 3821 UP
3405 3387.67 3370.33 3428.67 3452.33 4318.23 3509 DOWN
473.9 469.93 465.97 480.53 487.17 449.77 472.9 UP
22920 22836.67 22753.33 23066.67 23213.33 19921.9 22440 UP
4435 4347 4259 4549 4663 3955.25 4565 DOWN
31010 30837.33 30664.67 31303.33 31596.67 30089.86 30947 UP
7707 7702 7697 7712 7717 8597.8 7748 DOWN
3689 3679 3669 3700 3711 3969.17 3727 DOWN
16425 16366.67 16308.33 16481.67 16538.33 17876.77 16110 UP
163.8 162.5 161.2 166.15 168.5 160.45 163.4 UP
1157.3 1144.63 1131.97 1171.83 1186.37 1415.45 1219.6 DOWN
206.2 202.97 199.73 208.47 210.73 187.77 192.9 UP
1030.2 1022.9 1015.6 1041 1051.8 840.64 1012.1 UP
3980 3973 3966 3986 3992 3943.42 4005 DOWN
40199 39660.66 39122.33 41217.66 42236.33 39226.48 39871 UP
2709 2709 2709 2709 2709 3619.22 2651 UP
3419 3418 3417 3420 3421 3348.62 3281.5 UP
212 210 208 215.55 219.1 211.64 228.2 DOWN
Tuesday19th 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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