Daily Research Reports

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1 You will enjoy all the comforts of financial world when you alight with us. Comfort Securities Limited Daily Research Reports 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.

2 Comfort Securities Limited Tuesday 03rd July, 2018 Welcome Note Welcome to Comfort Securities Ltd. Comfort Flows From WISDOM The world out there is uncertain. On this backdrop, the market volatility is bound to increase. Believe us, even the big investors sentiment will oscillate and that is why it is important for us to safely navigate these difficult times. To do so, Comfort Securities Ltd. brings you this daily market commentary which will help you to sharpen your instincts on investments in equity markets, gold, silver, crude-oil, USD/INR, the Dow Jones index, Hang Seng index, Euro-Dollar, etc. On the next few pages, you can learn more about the same. We would love to answer any further questions you may have in a one-one discussion. We are pleased to inform you that this report features contributions from the finest analytical minds in the business and are distinguished by our proactive consulting approach, timely advice, and specific recommendations. We take satisfaction in seeing clients realize their dreams. The Comfort Securities team would like to take this opportunity to thank our readers for their support and feedback over the years. We hope you enjoyed reading this daily newsletter. Above all, we wish that this experience is both professionally and personally rewarding. If you have any queries please do contact me or any member of Comfort Securities Ltd. team and we would be glad to assist. Best Regards, Comfort Securities Ltd. Call Us: Tel:

3 CONTENTS CONTENTS Title Page No. '30,000 feet view : The big picture of Dalal Street Stock Of The Day: (F & O) '30,000 feet view : The big picture of Dalal Street Stock Of The Day: (F & O) Equity Derivatives 10 Daily Pivot Table (Equities) 11 Forecast and Analysis Forecast and Analysis Daily Pivot Table (Commodities) 15 Disclaimer 16

4 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.

5 30,000 feet view : The big picture of Dalal Street Good Morning & Welcome to Tuesday s trading action at Dalal Street, dated 3rd July This Tuesday morning, SGX Nifty is in trading in green, but just barely. Trading could again get volatile in today s trade as sentiments could get hammered by escalating trade jitters. A trade war is seen as providing significant headwind to global growth. The bulls camp are seriously hoping for someone to blink before China and US take another step toward a trade war. The U.S. is scheduled to impose tariffs on $34 billion of Chinese goods on July 6th, Overnight, the blue-chip Dow Jones index was hovering 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. Please note that Wall Street will be closed on Wednesday, July 4, in observance of Independence Day, hence trading volumes are expected to be lower in next two days. Amid this backdrop, brace yourself for a volatile session as sentiments have definitely got rattled and expect our benchmark Nifty to behave erratically up and down hundreds of points in a single day. What Technical Tells Us on Nifty: In Monday s trade, the benchmark Nifty logged modest losses, down 57 points at The market breadth, indicating the overall health of the market, was negative. The BSE Mid-Cap index was down 0.75%. The BSE Small-Cap index was down 0.70%. Both these indices underperformed the Sensex. Technically speaking, the landscape has deteriorated in last week s trade as Nifty could not move above its key hurdles at mark. In the near term, the make or break intraday support levels on Nifty are at 10,557 mark. 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. In today s session, Nifty may most likely trade lackluster and the benchmark most probably will repeatedly move between positive and negative territory. Buying advised only above Nifty mark. The price action for Nifty is suggesting that we are likely to see a 10, range in near term with negative bias. Hence, establishing short positions on any intraday strength with strict stop above should be the preferred trading strategy for the day. For the day, on backdrop of weak technical structure, selling on any sharp corrective strength should be the preferred trading strategy. 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 % -0.51% -0.40% -0.65% -1.99% 0.59% -1.12% -0.62% -1.79% -0.43% -1.36% -0.66% -0.45% 0.20% Outlook for the Day Volatile session likely. Nifty Outlook Intraday Neutral ( ) Medium Term Neutral ( ) Long Term Neutral (11301) Key Levels to Watch Nifty Support & Outlook for Tuesday: Caution to prevail. Nifty Resistance & Dalal Street was seen retreating in yesterday s trade, giving up almost half of Friday s gain, while the Indian Rupee too fell hard. Caution is likely to be the buzzword and is likely to be the order of the day as worldwide investors are not entirely convinced that trade wars have disappeared Nifty Pivot Level 10301

6 30,000 feet view : The big picture of Dalal Street below the horizon. Dampening sentiments are also the unabated selling from the foreign funds (FIIs) camp. Our call of the day suggests caution should be the buzzword also as the big investors camp are unlikely to make big bets at our stock markets on the buy side primarily on backdrop of rising interest rate environment. The optimism out there has been definitely punctuated and most importantly volatility will be back with vengeance. Well, looking at front page headlines, volatility is likely to stick around for a while as 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. Expect the recent negative moves at Dalal Street, notably in the mid-cap and smallcap segment to continue. Agreed, forecasting exactly when a bear market might hit is extremely difficult to do with precision, but judging by last week s trading action at Dalal Street, we suspect, there is a bear lurking much closer to us than most think. It makes sense to continue wearing the perma-bear s cap. Downside risk on Nifty now seen towards zone. Confirmation of weakness below 10,557. Commodity Cues: In commodities, oil prices rose again on Monday, fast approaching 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. Gold prices continued to languish near the six-month low as the dollar gained. Interest-rate expectations, and with them, a higher dollar, have almost exclusively accounted for gold s retreat. Copper prices, too logged a fourth straight session decline to finish at their lowest since September. Currencies & Bonds: In Monday s trade, the US Dollar index was seen in demand, rebounding from a lower start to the week, following reports that the White House forewent the harshest measure to curb Chinese investments in favor of a less confrontational approach. USD/INR bounced back in yesterday's trade in line with our buy call. Key interweek support seen at Hurdles now seen at Interweek Strategy: Buy between zone, targeting and then aggressive targets at zone with stop below Macro Watch: All eyes will be on release of Federal Reserve minutes of June 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 U.S. payrolls are due Friday. Stocks To Watch: Our chart of the day suggests establishing short positions in stocks like BOSCH, INDIA BULLS HOUSING FINANCE & MANAPPURAM. HCL TECH Action Target Support Resistance Technical Strategy Holding Period BUY / / Days. HCL Technologies is the fourth largest IT software company in India and one of the fastest growing among large software companies. The firm is a next-generation global technology company that helps enterprises reimaging their businesses for the digital age. Their technology products, services and engineering are built on four decades of innovation, with a world-renowned management philosophy, a strong culture of invention and risk-taking, and a relentless focus on customer relationships. With a worldwide network of R&D, innovation labs and delivery centers, and over 120,000 employees working in 39 countries, HCL serves leading enterprises across key industries, including 250 of the Fortune 500 and 650 of the Global Industries verticals they service includes Financial Services, Manufacturing, Aerospace and Defense, Telecom, Retail and CPG, Life Sciences and Healthcare, Media and Entertainment, Travel, Transportation and Logistics, Automotive, Government, Energy and Utilities. Technically, brace yourselves for a major rebound play from a lower consolidation zone on the weekly charts on backdrop of an impulse uptrend forming higher high/ higher low pattern on the monthly time scale, with positive SAR series. The positive takeaway from recent price action is that the stock price was seen consolidating, despite broader markets remaining volatile. That said, the momentum oscillators will shift on buy mode only above its key hurdles at 945 mark. The stock price is also signaling a major rebound from multiple resistances, which are seen at 945 levels. Add to that a bullish divergence and a rising stochastic signal (on weekly charts) with recent increase in volumes signaling a larger rebound. A potential entrance exists at CMP and on dips between zone, as the stock is likely to run towards psychological 1000 mark. Aggressive targets are placed at zone. Place stops below 845. Holding Period: 3 Months..

7 30,000 feet view : The big picture of Dalal Street Bullish stocks: BERGER PAINTS, BHARAT FINANCIAL, INDUSIND BANK, JUBILANT FOODS, TATA ELXSI, BRITANNIA, BAJAJ FINANCE, BIOCON, MARICO. Bearish stocks: BOSCH, INDIGO, LIC HOUSING FINANCE, NALCO, JAIN IRRIGATION, KARNATAKA BANK, L&T FINANCIAL, LARSEN, MANAPURAM, NALCO, TATA COMMUNICATION, UPL. Show Me the Money: BUY JUBILANT FOODS (CMP 1409): Jubilant Foods is aiming to move above its all-time-high placed at The sequence of higher high/low still intact on daily, weekly and monthly charts. Interweek Strategy: Buy at CMP, targeting 1432 and then more aggressive targets located at 1501 mark. Stop below Infosys to announce June-quarter results on July 13 Bharti Infratel gets CCI approval to merge with Indus Towers. Bajaj Auto June sales at unit, up 65% YoY Natco Pharma introduces fixed dose Sofosbuvir-daclatasvir combination. Volcan agrees to buy Vedanta Resources at 825 at a premium about 27.5% vs close 647 per share - Vedanta agrees to a recommended all cash offer to be made by Volcan at 825p/share for the remaining issued and to be issued share capital of Vedanta not currently owned by Volcan. Aurobindo receives final USFDA approval for Ibuprofen capsules - Company has received final USFDA approval to manufacture Ibuprofen capsules OTC, 200mg. This is the generic equivalent of Pfizer's Advil LiquiGels Capsules. Company has said that it will launch this drug in September Stocks banned in F&O segment for today: NIL. Bulls Vs. Bears: Time to Pick a Side!! Going forward, the five key catalysts dictating trend at Dalal Street would be: 1. The progress of monsoon. 2. The street braces for June quarter earnings, which will kick off in the second week of July. 3. The depreciating Indian Rupee. 4. Boiling crude-oil prices. 5. Carnage in mid-cap and small cap stocks. Bottom-line: Dalal Street to trade cautiously as at the moment, there seem to be more of headwinds than tailwinds. Preferred trade on Nifty: Nifty (10657): Sell between zone, targeting and then at zone with stop at Preferred trade on Bank Nifty: Bank Nifty (26230): Sell at CMP, targeting zone and then at zone with strict stop at Daily Chart of Nifty: 30,000 feet view : The big picture of Dalal Street

8 Stock Of The Day: (F & O) 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.

9 Stock Of The Day: (F & O) Jubilant Foods is set to fly high once again this Tuesday morning!! Aggressive interweek targets at STOCKS LTP S1 S2 R1 R2 BIAS TRADING STRATEGY BERGER PAINTS Positive The stock has signaling a major breakout from a higher consolidation on daily charts. Interweek Strategy: Establish long positions between zone, targeting 295 and then aggressive targets located at zone. Stop below JUBILANT FOODS Positive Jubilant Foods is aiming to move above its all-time-high placed at The sequence of higher high/low still intact on daily, weekly and monthly charts. Interweek Strategy: Buy at CMP, targeting 1432 and then more aggressive targets located at 1501 mark. Stop below TATA ELXSI Positive Tata Elxsi enjoyed a strong session in Monday's trade, up 0.68%. Key intraday support seen at Interweek Strategy: Buy at CMP, targeting and then at zone. Stop below BOSCH Negative The stock is signaling a major breakdown from a higher consolidation on daily charts. Interweek Strategy: Establish short positions at CMP, targeting and then aggressive targets located at zone. Stop above INDIA BULLS HOUSING FINANCE Negative The interweek risk is on the downside with immediate targets at zone. Momentum oscillators signaling major weakness. Interweek Strategy: Sell on early strength between zone, targeting 1097 and then at zone with stop above 1181.

10 EQUITY DERIVATIVES Looking into the future from present. Tuesday 03rd July, 2018 Changes in Open Interest (OI) in yesterday s trade. Future Call: BUY PETRONET JULY FUTURES at CMP Targets: 220 and then at 231. Stop: 211. Holding Period: 0-3 days. Analyst s Remark: Rebound Play. (Petronet July Futures CMP ). Option Call: Buy ICICI BANK JULY CE strike price 280 at CMP Profit: Unlimited. Maximum Loss: Rs Stop: Exit Call Option if ICICI Bank moves below 265. (ICICI Bank July Futures CMP ). Nifty Spot Bank Nifty Future VIX Premium Nifty Future OI Bank Nifty Spot OI (-0.53%) (-0.51%) (+3.34%) -01 vs crores (+0.14%) lakhs (+4.60%) Market Summary: The benchmark Nifty kicked off Monday s trading session on a negative note as U.S.-related worries persisted, with a slump in sectors ranging from Metals to Infra, Reality and Media. The market breadth, indicating the overall health of the market, was negative. The BSE Mid- Cap index was down 0.75%. The BSE Small-Cap index was down 0.70%. Both these indices underperformed the Sensex Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE IT index (up 0.88%), the BSE Consumer Durables Index (up 0.53%), the BSE TECK Index (up 0.42%). Amongst the sectoral indices, underperforming the Sensex/Nifty were BSE Metal index (down 1.80%), the BSE Power Index (down 1.69%), the BSE India Infra index (down 1.53%). Amongst stock specific action, positive bias was seen in stocks like Asian Paints (up 2.26%), TITAN (up 2.15%), Infy (up 2.10%). Among stocks drifting down were: NTPC (down 3.82%), Bharti Airtel (down 3.64%), Hindalco (down 3.15%). Judging by yesterday s trading action, the bias for Nifty shifts to negative, confirmation of weakness if Nifty moves below mark. Below 10557, expect Nifty to slip towards zone. Hurdles to watch are at mark. Selling on strength should continue to be the preferred trading strategy. Maximum Call Open Interest (OI) stands at Strike Price, followed by Strike Price. Call writing was seen mostly at the Strike Prices from 10,600-11,000. Maximum Put OI contracts were seen at strike price 10,600 followed by 10,500 strike price.put buying was the theme for strikes prices As per Monday s provisional data available on the NSE, Foreign institutional investors (FIIs) sold shares worth Rs crore. Domestic institutional investors, on the other hand, bought shares worth Rs crore in the Indian equity market. Highest OI Nifty: Calls 11000: L - Puts 10600: L Highest OI Bank Nifty: Calls 27000: 5.72 L - Puts 25500: 6.82 L Change in Stock Open Interest (OI) in previous day s trade. Long Buildup: ICICI BANK, INFY, TITAN, JUBLFOOD. Short Buildup: JINDAL STEEL, TATA STEEL, DLF, L&TFH, DABUR. Short Covering: ASHOK LEYLAND, NCC, IGL, BEML. Long Unwinding: DHFL, SREINFRA, COAL INDIA, IRB. Stocks banned in F&O segment for today: NIL. New In Ban: NIL. Out of Ban: NIL. Cash Volumes (INR in Cr.) BSE Cash Vol. (Rs. in Cr) NSE Cash Vol. (Rs. in Cr) NSE Derivative Vol. (Rs. in Cr) Derivatives Vol. (INR in Cr.) Index Future Volumes Stock Future Volumes Index Option Volumes Stock Option Volumes Total Yesterday No of contracts Day Before Yesterday Turnover (Rs. In cr.) Major Changes in Nifty Options (OI) Calls in lakhs (%Change) (+10%) (+6%) (+12%) Puts in lakhs (% Change) (+4%) (+8%) (+12%)

11 DAILY PIVOT TABLE Tuesday 03rd July, 2018 Instrument Close S1 S2 R1 R2 200 Day SMA Reversal Point Trend NIFTY UP BANKNIFTY UP NIFTYMID DOWN ACC DOWN ADANIENT DOWN ADANIPORTS DOWN AJANTPHARM DOWN ALBK DOWN AMARAJABAT DOWN ANDHRABANK DOWN APOLLOTYRE DOWN ARVIND DOWN ASHOKLEY DOWN ASIANPAINT UP AUROPHARMA DOWN AXISBANK DOWN BAJAJ-AUTO DOWN BAJAJFINSV UP BAJFINANCE UP BALKRISIND DOWN BALRAMCHIN DOWN BANKBARODA DOWN BANKINDIA DOWN BATAINDIA UP BEL DOWN BEML DOWN BERGEPAINT UP BHARATFIN UP BHARATFORG DOWN BHARTIARTL DOWN BHEL DOWN BIOCON UP BPCL DOWN BRITANNIA UP CANBK DOWN CANFINHOME DOWN CASTROLIND DOWN CEATLTD DOWN CENTURYTEX DOWN CESC DOWN CGPOWER DOWN CHOLAFIN UP CIPLA UP COALINDIA DOWN COLPAL UP CONCOR DOWN CUMMINSIND DOWN DABUR UP DALMIABHA DOWN DCBBANK DOWN DHFL UP DISHTV DOWN DIVISLAB UP DLF DOWN DRREDDY UP EICHERMOT DOWN ENGINERSIN DOWN EQUITAS DOWN ESCORTS UP EXIDEIND UP FEDERALBNK DOWN FORTIS DOWN GAIL UP GLENMARK UP GMRINFRA DOWN GODREJCP UP GODREJIND UP GRANULES DOWN GRASIM DOWN GSFC DOWN HAVELLS UP HCLTECH UP HDFC UP HDFCBANK UP HDIL DOWN HEROMOTOCO DOWN HEXAWARE UP HINDALCO DOWN HINDPETRO DOWN HINDUNILVR UP HINDZINC DOWN IBREALEST DOWN IBULHSGFIN DOWN ICICIBANK DOWN ICICIPRULI DOWN ICIL DOWN IDBI DOWN IDEA DOWN IDFC DOWN IDFCBANK DOWN IFCI DOWN IGL DOWN INDIACEM DOWN INDIANB UP INDIGO DOWN INDUSINDBK UP INFIBEAM DOWN INFRATEL DOWN INFY UP IOC DOWN IRB DOWN ITC DOWN JETAIRWAYS DOWN JINDALSTEL DOWN JISLJALEQS DOWN JPASSOCIAT DOWN JSWENERGY DOWN JSWSTEEL UP JUBLFOOD UP JUSTDIAL UP KOTAKBANK UP KPIT UP KSCL UP KTKBANK DOWN L&TFH DOWN LICHSGFIN DOWN LT DOWN LUPIN UP M&M UP M&MFIN DOWN MANAPPURAM DOWN MARICO UP MARUTI UP MCDOWELL-N UP DOWN MGL DOWN MOTHERSUMI DOWN MRF UP MRPL DOWN MUTHOOTFIN DOWN NATIONALUM DOWN NBCC DOWN NCC DOWN NMDC DOWN NTPC DOWN OFSS UP OIL DOWN ONGC DOWN ORIENTBANK DOWN PCJEWELLER DOWN PEL DOWN PETRONET DOWN PFC DOWN PIDILITIND UP PNB DOWN POWERGRID DOWN PTC DOWN PVR UP RAMCOCEM DOWN RAYMOND DOWN RBLBANK UP RCOM DOWN RECLTD DOWN RELCAPITAL DOWN RELIANCE UP RELINFRA DOWN REPCOHOME DOWN RPOWER DOWN SAIL UP SBIN DOWN SHREECEM DOWN SIEMENS DOWN SOUTHBANK DOWN SREINFRA DOWN SRF DOWN SRTRANSFIN DOWN STAR DOWN SUNPHARMA UP SUNTV DOWN SUZLON DOWN SYNDIBANK DOWN TATACHEM DOWN TATACOMM DOWN TATAELXSI UP TATAGLOBAL DOWN TATAMOTORS DOWN TATAMTRDVR DOWN TATAPOWER DOWN TATASTEEL DOWN TCS UP TECHM UP TITAN UP TV18BRDCST DOWN TVSMOTOR DOWN UBL UP UJJIVAN UP ULTRACEMCO DOWN UNIONBANK DOWN VEDL DOWN VGUARD DOWN VOLTAS DOWN WIPRO DOWN WOCKPHARMA DOWN YESBANK UP ZEEL DOWN 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.

12 Forecast and Analysis 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 Gold, Silver as well Crude-Oil.

13 Forecast and Analysis Direction at a glance CRUDE OIL seen consolidating. Intraday hurdles seenn at Positive bias. Instrument LTP S1 S2 R1 R2 Bias TRADING STRATEGY GOLD Neutral In yesterday's trade, Gold was seen trading rangebound. Bias continues to be neutral. Confirmation of strength above Interweek Strategy: Establish long positions at CMP, targeting zone and then at zone with stop at SILVER Neutral Silver prices too were seen trading range bound. Bias continues to be neutral. Establish short positions between zone, targeting and then at zone with stop at CRUDE OIL Positive The biggest support level to watch is at Interweek strategy: Buy only on dips between zone, targeting 5105 zone and then at zone with stop at COPPER Neutral Copper prices were seen consolidating in yesterday's trade. Support now seen at Confirmation of strength only above 469. Interweek strategy: Establish buy positions at CMP, targeting 469 and then at zone with stop at 436. NATURAL GAS Positive Natural Gas prices were seen slipping in Monday's trade amidst profit booking. Key supports now at 185. Interweek strategy: Establish long positions at CMP, targeting 207 and then aggressive targets at zone with stop at 185. USD-INR Positive USD/INR bounced back in yesterday's trade in line with our buy call. Key interweek support seen at Hurdles now seen at Interweek Strategy: Buy between zone, targeting and then aggressive targets at zone with stop below

14 Forecast and Analysis Sailing global trend Wall Street struggles amid ongoing trade concerns. Negative bias. Instrument LTP S1 S2 R1 R2 Bias TRADING STRATEGY GOLD $ Neutral In yesterday's trade, gold prices were seen trading with negative bias. Confirmation of strength only above Interweek strategy: Establish long positions above 1268 zone, targeting 1297 zone and then at zone with stop at SILVER ($) Neutral Silver prices were seen trading subdued, tracking negative moves in gold prices. Confirmation of strength only above Interweek strategy: Establish long positions between zone, targeting and then at zone with stop at WTI CRUDE OIL ($ ) Neutral Crude-Oil prices was seen consolidating in yesterday's trade. Major hurdles now seen at zone. Interweek strategy: Buy between zone, targeting 75 zone and then at with stop at EUR/USD Neutral The EUR/USD was seen drifting down in yesterday's trade. Technically, the bias continues to be neutral with key support to watch on EUR/USD at Hurdles seen at US Dollar Index Positive The U.S. dollar bounced back in yesterday's trade amidst value buying. Technically, bias continues to be positive. Hurdles at Downside well supported at Major weakness now below Upside targets now at 99. DOW JONES Negative In yesterday's trade, the Dow Jones Industrial Average was seen struggling as trade tensions between the U.S. and its major trading partners continued to show signs of escalating.. Negative bias.

15 DAILY PIVOT TABLE Tuesday 03rd July, 2018 Exchange Commodity Close S1 S2 R1 R2 200 Day SMA Reversal Point Trend NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX ALUMINUM CARDAMOM CASTOR CHANA COPPER COTTON CRUDE-OIL GOLD GAUR GUM GAUR SEED JEERA LEAD MENTHA OIL NATURAL GAS NICKLE RM SEED SILVER SUGAR SOYA BEAN ZINC DOWN UP UP DOWN DOWN UP UP DOWN UP UP UP DOWN UP UP DOWN DOWN DOWN UP UP DOWN

16 Comfort Securities Ltd. Registered Office Mumbai: Comfort Securities Ltd. A-301, Hetal Arch, S.V. Road, Opp. Natraj Mkt., Malad (W), Mumbai Phone: , , Fax: Comfort Securities Limited 605, 6th Floor, DDA2 Building, New Delhi , Janakpuri District Center, Janakpuri, Delhi, Comfort Securities Ltd 2nd Floor, Shop No S14, T 14, Friends Tower, Sanjay Place, Agra 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.