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Special Report
13 Sep-2017
Global markets at a glance
The major Wall Street indexes hit record closing highs on
Tuesday, with financial stocks leading the charge, but gains
were stunted by a decline in Apple Inc shares after it un-
veiled its latest line of iPhones.
The S&P 500, Dow Jones industrials and Nasdaq Composite
clocked record closes, with investors drawn to riskier assets
as concerns about U.S. tensions with North Korea eased
and the financial impact from Hurricane Irma appeared less
severe than was feared last week.
After the closing bell, Nordstrom shares jumped 8.8 per-
cent after reports that the high-end retailer chose private
equity firm Leonard Green & Partners to help take the com-
pany private.
Asian shares inched up to a 10-year high on Wednesday,
cheered by record highs on Wall Street, while the dollar's
rise against the yen helped boost Japanese shares.
The S&P 500 , Dow Jones industrials and Nasdaq Composite
all marked record finishes as investors' concerns faded
about North Korean tensions as well as the impact of Hurri-
cane Irma.
Gains were kept in check, however, by a decline in shares
of Apple Inc after it unveiled its newest line of iPhones. Ap-
ple fell 0.6 percent but pared some losses in afterhours
trade.
The new iPhone's sales will have repercussions beyond Ap-
ple for many suppliers as well as its rivals.
MSCI's broadest index of Asia-Pacific shares outside Japan
was slightly higher in early trade, while Japan's Nikkei stock
index added 0.4 percent to a one-month high, getting a
tailwind from a weaker yen.
Previous day Roundup
Driven by positive global cues and rally in index heavy-
weights here, benchmark indices ended the second session
of the week on a positive note, with the Nifty just short of
10,100.
The Sensex ended up 276.50 points at 32158.66, while the
Nifty closed higher by 87.00 points at 10093.05. The market
breadth was positive, but narrow, as 1436 shares advanced
against a decline of 1151 shares, while 162 shares were
unchanged.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Consumer Durables [up 123.61
pts.], Capital Goods [up 177.51pts], PSU [up
98.23pts], FMCG [up 125.98pts], Realty[up46.28pts], Power
[up 11.06 pts], Auto [up 253.79 pts], Healthcare[up
220.21pts],IT[up47.27pts],Metals[up141.24pts],TECK[up
31.90 pts], Oil& Gas [up 250.68 pts].
World Indices
Index Value % Change
DJI 22,090.00 0.68
S&P500 2,491.25 0.65
NASDAQ 6,454.28 0.34
FTSE100 7,400.69 -0.17
NIKKEI 19,869.82 0.47
HANG SENG 27,852.63 -0.43
Top Gainers
Company CMP Change % Chg
BPCL 534.6 22.35 4.36
GAIL 410 15.2 3.85
Sun Pharma 484 16.55 3.54
Tata Motors 388.25 12.95 3.45
Bank of Baroda 142.1 4.65 3.38
Top Losers
Company CMP Change % Chg
IndusInd Bank 1,741.90 -49.35 -2.76
Wipro 297.95 -3.2 -1.06
Hero Motocorp 3,915.00 -29.5 -0.75
ONGC 162.05 -1 -0.61
Power Grid Corp 214.5 -1.1 -0.51
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
ACC 1797.55 50.95 2.83
ADANITRANS 134.5 13.45 10
AMBUJACEM 285.1 3.35 1.18
ANIKINDS 40.7 2 4.91
APEX 270.55 13.5 4.99
APLAPOLLO 1689.45 25.55 1.51
ARVSMART 144.5 16.15 11.18
Indian Indices
Company CMP Change % Chg
NIFTY 10093.00 87.00 0.87
SENSEX 32158.66 276.50 0.87
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ABCAPITAL 193.85 -0.55 -0.28
ADSL 22.55 0.1 0.44
BIOFILCHEM 15.85 -0.35 -2.21

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Special Report
13 Sep-2017
STOCK RECOMMENDATION [CASH]
HINDPETRO [CASH]
From the daily chart its clear that this stocks is getting re-
jection from its supports level of 458 and has given a pull-
back with closing above the coversion line (Teken Sen)
which is acting as a strong support also the bullish rally of
Energy sector will also help to gain profit on this particular
counter so we recommend to BUY HINDPETRO ABOVE 484
TGT 490/496 SL BELOW 478.
MACRO NEW
 India’s factory output witnessed a tepid growth of 1.2
percent in July as compared with a contraction of - 0.1
percent in June amid expectation that production
would have risen as companies began restocking and
building fresh inventories after clearing up the stock-
pile in the previous month ahead of Goods and Ser-
vices Tax’s roll out from July 1. .
 The Ministry of Corporate Affairs has disqualified
106,578 directors for their association with shell firms.
This comes just a few days after bank accounts of
around 200,000 shell companies were frozen. The
ministry has said action would also be taken against
some members of the Institute of Chartered Account-
ants of India (ICAI), Institute of Company Secretaries of
India (ICSI), and other associations involved with these
shell companies
 SEBI's corporate governance committee is looking to
plug loop-holes being exploited by companies while
appearing to be in compliance with regulations. It may
cap the number of subsidiaries that a listed company
can have, and lay rules for attendance by independent
directors, information sharing outside of the board,
minority shareholders’ approval for royalty payment,
and increase participation of investors in annual. gen-
eral meetings.
RECOMMENDATIONS [FUTURE]
1.AUROPHARMA[FUTURE ]
From the Daily chart its clear that during the consolidation
phase of Nifty Auropharma future maintained its upward
movement although there is resistance level above 761, so
there should buy on correction strategy followed so we rec-
ommend to BUY AUROPHARMA AROUND 755-752 TGT
764/774 SL BELOW 745
2.ARVIND [FUTURE]
Looking at the daily chart of the ARVINDFuture its clear that
this stock is facing a resistance at its upper level ie., its 52
weeks also at its top it has made a reversal candle which is a
formation of a spinning top so we recommend to SELL
ARVIND FUTURE AROUND 415 TGT 410-406 WITH SL ABOVE
420.

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Special Report
13 Sep-2017
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 10,100 81.75 1,85,861 35,59,500
NIFTY CE 10,200 36.5 1,31,808 38,58,600
NIFTY CE 10,000 147 1,27,846 37,52,025
DIVISLAB CE 800 33.9 5,710 5,78,400
SUNPHARMA CE 500 13.3 4,329 33,72,800
TATASTEEL CE 700 8.4 4,283 19,36,000
TATAMOTORS CE 390 9.6 3,561 14,70,000
SBIN CE 290 1.1 3,495 63,42,000
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 10,000 47.55 2,25,362 44,42,025
NIFTY PE 9,900 30.05 1,69,010 63,66,000
NIFTY PE 9,800 19.55 1,26,933 46,46,775
RELIANCE PE 820 11.5 2,056 12,99,000
TATASTEEL PE 660 5.15 1,595 10,98,000
TATASTEEL PE 680 12 1,395 6,16,000
TATASTEEL PE 650 3.3 1,361 9,02,000
MARUTI PE 8,000 59 1,182 79,200
FII DERIVATIVES STATISTICS
BUY OPEN INTEREST AT THE END OF THE DAYSELL
No. of
Contracts
Amount in
Crores
No. of
Contracts
Amount in
Crores
No. of
Contracts
Amount in
Crores
NET AMOUNT
INDEX FUTURES 15305 1207.46 16880 1454.18 213631 16412.79 -246.7172
INDEX OPTIONS 494696 41794.28 492031 41486.48 957403 74509.36 307.7938
STOCK FUTURES 72621 5565.88 72147 5401.26 788243 55702.82 164.6162
STOCK OPTIONS 63803 5186.74 62699 5092.65 69167 5168.83 94.0892
319.782
STOCKS IN NEWS
 ONGC, Oil India to implement sedimentary basin data
project
 V2 Retail Q1FY18 Revenue up 31 percent at Rs 142cr vs
Rs 108cr EBITDA up 28 percent at Rs 15.1cr vs Rs 11.8cr
 Tata Global proposes to sell up to 1,05,00,000 Equity
Shares of face value of Rs. 10/- each of Tata Chemicals
Limited to Tata Sons
NIFTY FUTURE
Last trading session NIFTY FUTURE maintained its rally
and 10000 level and closed around 120 points upside
movement,major indcies likes CNXENERGY, REALTY
reached its 52weeks high, so expectation is that today it
will continue its uptrend but with sideways movement so
we recommend to BUY NIFTYFUTURE AROUND 10088
TGT 10130/10170 SL BELOW 10050.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10141.00 10117.00 10072.00 10048.00 10003.00
BANKNIFTY 24920.00 24852.00 24752.00 24684.00 24584.00

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Special Report
13 Sep-2017
COMMODITY ROUNDUP
Crude oil futures traded marginally lower on MCX as inves-
tors looked ahead to the Organization of Petroleum Ex-
porting Countries' monthly report to assess global supply
and demand levels. Crude oil prices weakened further as
industry estimates of crude and refined product stocks from
the American Petroleum Institute in the US ahead.
The contract for September delivery was trading at Rs
3063.00, down by 0.33% or Rs 10.00 from its previous clos-
ing of Rs 3073.00. The open interest of the contract stood at
18694 lots.
The contract for October delivery was trading at Rs 3109.00,
down by 0.26% or Rs 8.00 from its previous closing of Rs
3117.00. The open interest of the contract stood at 1656
lots on MCX.
Gold futures declined on MCX as worries faded over the
potential damage of Hurricane Irma and as tensions on the
Korean Peninsula took a backseat.
The contract for October delivery was trading at Rs
29848.00, down by 0.28% or Rs 85.00 from its previous clos-
ing of Rs 29933.00. The open interest of the contract stood
at 6932 lots.
The contract for December delivery was trading at Rs
30015.00, down by 0.28% or Rs 84.00 from its previous clos-
ing of Rs 30099.00. The open interest of the contract stood
at 4000 lots on MCX.
Copper futures edged lower on MCX as speculators
trimmed positions amid weak trend at the domestic spot
markets due to muted demand even as the metal strength-
ened overseas.
The contract for November delivery was trading at Rs
433.30, down by 0.43% or Rs 1.85 from its previous closing
of Rs 435.15. The open interest of the contract stood at
17753 lots.
The contract for February delivery was trading at Rs 437.80,
down by 0.47% or Rs 2.05 from its previous closing of Rs
439.85. The open interest of the contract stood at 740 lots
on MCX.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD OCT ABOVE 30000 TGT 30100 30250 SL BELOW
29900
SELL GOLD OCT BELOW 29800 TGT 29700 29550 SL ABOVE
29900
SILVER
TRADING STRATEGY:
BUY SILVER DEC ABOVE 41400 TGT 41600 41900 SL BELOW
41100
SELL SILVER DEC BELOW 40900 TGT 40700 40400 SL ABOVE
41200

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Special Report
13 Sep-2017
NCDEX INDICES
Index Value % Change
BARLEY 1476.25 0.04
CASTOR SEEDS 4676 0.84
CORIANDER 4475 1.11
COTTON SEED 1525 1.6
GUAR SEED 3869 -0.72
JEERA 19665 -1.03
MUSTARDSEED 3725 0.03
SOYA BEAN 3118 0.23
TURMERIC 7696 1.26
WHEAT 1611 0.69
RECOMMENDATIONS
DHANIYA
BUY CORIANDER SEP ABOVE 4550 TGT 4580 4620 4670 SL
BELOW 4500
SELL CORIANDER SEP BELOW 4450 TGT 4430 4380 4330 SL
ABOVE 4500
GUARGUM
BUY GUARGUM5 OCT ABOVE 8300 TGT 8330 8370 8420 SL
BELOW 8250
SELL GUARGUM5 OCT BELOW 8200 TGT 82170 8130 8080
SL ABOVE 8250
Turmeric futures edged higher on NCDEX on rising demand
at the spot market. Though, some gains were capped due to
good rains in turmeric growing areas in Telangana and Kar-
nataka.
The contract for September delivery was trading at Rs
7676.00, up by 1.00% or Rs 76.00 from its previous closing
of Rs 7600.00. The open interest of the contract stood at
1155 lots.
The contract for October delivery was trading at Rs 7684.00,
up by 0.44% or Rs 34.00 from its previous closing of Rs
7650.00. The open interest of the contract stood at 12025
lots on NCDEX.
Coriander futures traded higher on NCDEX as speculators
built up fresh positions amid strong demand in the spot
market. Further, limited arrivals from major producing belts
also influenced coriander futures.
The contract for September delivery was trading at Rs
4515.00, up by 2.01% or Rs 89.00 from its previous closing
of Rs 4426.00. The open interest of the contract stood at
2590 lots.The contract for October delivery was trading at
Rs 4898.00, up by 1.18% or Rs 57.00 from its previous clos-
ing of Rs 4841.00. The open interest of the contract stood at
39730 lots on NCDEX.
Soyabean futures traded marginally lower on NCDEX as
speculators trimmed their positions, despite reports of low-
er than expected production in new season due to lower
acreage and irregular rains.The contract for October deliv-
ery was trading at Rs 3099.00, down by 0.39% or Rs 12.00
from its previous closing of Rs 3111.00. The open interest of
the contract stood at 42830 lots.The contract for November
delivery was trading at Rs 3133.00, down by 0.48% or Rs
15.00 from its previous closing of Rs 3148.00. The open in-
terest of the contract stood at 44110 lots on NCDEX.

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Special Report
13 Sep-2017
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 63.9474 Yen 58.4100
Euro 76.5514 GBP 84.3594
GBP/INR
BUY GBP/INR ABOVE 85.20 TGT 84.30-84.40 SL 85.10
SELL GBP/INR BELOW 84.90 TGT 84.80-84.70 SL 85.00
USD/INR
BUY USD/INR BELOW 64.20 TGT 64.30-64.40 SL 64.10
SELL USD/INR BELOW 64.00 TGT 63.90-63.80 SL 6.10
A senior official at India's capital markets regulator warned
on Wednesday about the impact of "huge" foreign invest-
ments on the rupee INR=D2 and called for ways to manage
the inflows through "a calibrated system."
The comments, from Securities and Exchange Board of In-
dia (SEBI) Whole-Time Member G. Mahalingam, delivered
during a speech at a financial event, mark the strongest
public comments this year from an Indian regulator about
the effects of strong inflows in pushing up the currency.
The rupee on Tuesday fell by another 11 paise to 64.04 a
dollar, the second straight session loss on persistent de-
mand for the American currency from banks and import-
ers. The rupee resumed lower at 63.98 a dollar as against
Monday's closing of 63.93 at the forex market and dropped
further to 64.05 before finishing at 64.04, a loss of 11 paise
or 0.17 percent .
The Indian rupee opened higher by 6 paise at 63.98 per
dollar on Wednesday versus 64.04 Tuesday.
Easing of North Korea problem helped dollar find support
at 63.80 mark. As far as it trades above 63.80, bias will re-
main positive towards dollar."
Trading range for the spot USD-INR pair will be 63.80-
64.20.
The dollar extended its sharp rally against the yen, alt-
hough it was capped against the euro with a potentially
supportive spike in US yields neutralized by a similar move
by their German counterparts.
The pound hovers within distance of a one-year high after
a robust UK inflation report added pressure on the Bank Of
England to do more to support the currency.
Dollar/yen shows the highest correlation to U.S. yields and
the pair is benefiting from the latest rise in yields. Covering
of dollar short positions created by macro-driven funds has
been rapid and aggressive under such conditions
The dollar index against a basket of six major currencies
was flat at 91.882 .DXY after closing Tuesday a shade low-
er. It has managed to remain above the 2-1/2-year low of
91.011 plumbed on Friday.

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Special Report
13 Sep-2017
Date
Commodity/ Curren-
cy Pairs
Contract Strategy Entry Level Target
Stop
Loss
Remark
12/09/17 NCDEX DHANIYA OCT. BUY 4500 4530 4570 4450 TARGET HIT
12/09/17 NCDEX DHANIYA OCT. SELL 4400 4370 4330 4450 NOT EXECUTED
12/09/17 NCDEX GUARGUM OCT. BUY 8380 8410 8450 8330 NOT EXECUTED
12/09/17 NCDEX GUARGUM OCT. SELL 8230 8260 8300 8280 TARGET HIT
12/09/17 MCX GOLD OCT. BUY 30100 30150 30250 30050 NOT EXECUTED
12/09/17 MCX GOLD OCT. SELL 29930 29880 29780 29980 TARGET HIT
12/09/17 MCX SILVER SEP. BUY 41400 41600 41900 41100 SL TRIGGERED
12/09/17 MCX SILVER SEP. SELL 40900 40700 40400 41200 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
12/09/17 NIFTY FUTURE BUY 10010-10030 10040-10060 9980 NOT EXECUTED
12/09/17 JUSTDIAL FUTURE BUY 376-374 380-384 370 NOT EXECUTED
12/09/17 ARVIND FUTURE SELL 415 410-406 420 OPEN
12/09/17 JSWSTEL CASH SELL 272-270 266-262 276 NOT EXECUTED

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Special Report
13 Sep-2017
NEXT WEEK'S U.S. ECONOMIC REPORTS
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Disclaimer
TIME REPORT PERIOD ACTUAL
CONSENSUS
FORECAST
PREVIOUS
MONDAY, SEPT. 11
None scheduled
TUESDAY, SEPT. 12
6 am NFIB small-business index Aug. -- 105.2
10 am
WEDNES-
DAY, SEPT.
13
8:30 AM Producer price index Aug. 0.30% -0.10%
2 pm Federal budget Aug. -- -$107bln
THURSDAY, SEPT. 14
8:30 AM Weekly jobless claims 9-Sep 300,000 298,000
8:30 AM Consumer price index Aug. 0.30% 0.10%
8:30 AM
FRIDAY,
SEPT. 15
FRIDAY, SEPT. 15
FRIDAY,
SEPT. 15
FRIDAY, SEPT. 15
FRIDAY, SEPT.
15
FRIDAY,
SEPT. 15
8:30 AM Retail sales Aug. 0.10% 0.60%