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1. _____________________________________________________________________________________________________________________
Special Report
01 Jan-2017
Global markets at a glance
US stocks were little changed in light trading on Thursday,
as technology stocks continued to tread water and offset
gains in financial stocks.
Tech stocks slipped 0.04 percent and were on track for
their sixth loss in seven sessions. The index has struggled
somewhat to close out the year but remains the best-
performing sector in 2017, up more than 37 percent.
"Tech had such a great year, it is more likely to be just
rebalancing rather than the beginning of any major trend,"
said Ed Keon, managing director and portfolio manager at
QMA, a multi-asset manager in Newark, New Jersey.
The benchmark S&P 500 has climbed nearly 20 percent this
year, on track to record its biggest annual gains since 2013,
boosted by robust economic growth and solid corporate
earnings.
The rally is widely expected to extend into 2018, fuelled by
gains from a new US tax law that lowers the tax burden on
corporations.
The Dow Jones Industrial Average rose 43.21 points, or
0.17 percent, to 24,817.51, the S&P 500 gained 1.8 points,
or 0.07 percent, to 2,684.42 and the Nasdaq Composite
added 2.63 points, or 0.04 percent, to 6,941.96.
Major markets in Asia were narrowly mixed on the last
trading day of the year following the moderately higher
close seen stateside. Meanwhile, copper prices held onto
gains to trade near a four-year high.
The Nikkei 225 was higher by 0.21 percent in a session
where trade is likely to be thin. Automakers, technology
and financials mostly made gains early in the session, while
retailers saw slight losses.The dollar index, which tracks the
U.S. currency against six major peers, traded at 92.660 at
9:44 a.m. HK/SIN, near its lowest levels in a month.
Previous day Roundup
The Nifty opened at 10,492 slipped marginally to an
intraday low of 10,488. But, then bulls took control and
pushed the index above 10500 to hit its intraday high of
10,538.70. The index closed 52 points higher at 10,530.70.
The Nifty closed at 10,530.7 on Friday. According to Pivot
charts, the key support level is placed at 10,500.03,
followed by 10,469.37. If the index starts to move higher,
key resistance levels to watch out are 10,550.03 and
10,569.37.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Consumer Durables [ 191.32 ],
CapitalGoods[97.01pts],PSU[ -4.25pts],FMCG[-
90.51 pts],Realty[11.82 pts],Power[ 34.30 pts],Auto[ -
94.03 pts],Healthcare[ 26.93 pts],IT[ 134.27 pts],Metal[ -
66.12 pts],TECK[ 78.72 pts], Oil& Gas [ -75.45 pts].
World Indices
Index Value % Change
DJI 24,719.22 -0.48
S&P500 2,668.25 0.65
NASDAQ 6,385.00 -0.95
FTSE100 7,687.77 0.84
NIKKEI 22,794.94 -0.08
HANG SENG 29,919.19 0.19
Top Gainers
Company CMP Change % Chg
Idea Cellular 108.15 5.75 5.62
Tata Motors 431.85 13.25 3.17
Axis Bank 563.95 17.10 3.13
Bharti Infratel 378.75 10.60 2.88
TCS 2,701.20 74.25 2.83
Top Losers
Company CMP Change % Chg
GAIL 499.65 -11.55 -2.26
BPCL 517.70 -8.50 -1.62
HPCL 418.60 -4.05 -0.96
Vedanta 329.90 -2.80 -0.84
Zee Entertain 581.80 -4.05 -0.69
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
3IINFOTECH 7.3 0.7 9.59
ALANKIT 66.6 3 4.5
ALEMBICLTD 60.85 -3.35 -5.51
ALICON 707.2 -2.3 -0.33
ALKYLAMINE 657.05 16.95 2.58
ASAL 95.9 4.6 4.8
ASIANTILES 558.45 16.55 2.96
Indian Indices
Company CMP Change % Chg
NIFTY 10530.70 52.80 0.50
SENSEX 34056.83 208.80 0.62
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ASTRON 120.75 50 5.75
DWARKESH 47.4 44.4 3
GICRE 753 761.4 -8.4

2. _____________________________________________________________________________________________________________________
Special Report
01 Jan-2017
STOCK RECOMMENDATION [CASH]
PETRONET [CASH]
PETRONET moving in a price range and geting resistance
near 260 on daily chart it is getting resistance around short
term moving average and support of midterm moving
average which is coming around 244 so we advise to buy it
in decline 248-249 with stop loss of 243 for the target of
256 259 and above 260 we can see breakout in stock.
MACRO NEW
 Trends on SGX Nifty indicate a negative opening for
the broader index in India. Nifty futures were trading
around 10,524-level on the Singaporean Exchange.
 North Korea said on Saturday that it will never give up
its nuclear weapons as long as the United States and
its allies continue their "blackmail and war drills" at its
doorstep.
 In its report Saturday, KCNA said North Korea had
taken steps for "bolstering the capabilities for self-
defense and pre-emptive attacks with nuclear force"
in the face of a continued "nuclear threat and
blackmail and war drills" by the United States and its
"vassal forces", AP reported.
 Ending suspense, Tamil superstar Rajinikanth today
announced his entry into politics and said he will
launch his own party. Addressing fans on the
valedictory of a six-day-long meet, the actor said he
will launch a political party which will contest all 234
assembly constituencies in Tamil Nadu.He said the
party will be launched ahead of assembly elections at
an appropriate time.
 Lenders have decided to refer 25 of 28 companies on
the Reserve Bank of India’s second list of large
corporate defaulters to the National Company Law
Tribunal (NCLT) for initiation of insolvency
proceedings.
RECOMMENDATIONS [FUTURE]
1. PETRONET [FUTURE ]
PETRONET future moving in a price range and geting
resistance near 260 on daily chart it is getting resistance
around short term moving average and support of midterm
moving average which is coming around 244 so we advise to
buy it in decline 248-249 with stop loss of 243 for the target
of 256 259 and above 260 we can see breakout in stock.
2.ICIL [FUTURE]
ICIL future created triple bottom pattern on daily chart and
in previous week after making high of 129 it finished at 124
where the pattern breakout level is 131 since the we are
seeing double crossover of short term and midterm moving
average on daily chart so the 117 will be important support
for these stock so we advise to buy it around 118-119 with
stop loss of 115 for the target of 126 130 above 131 we can
see breakout for the target of 142.

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Special Report
01 Jan-2017
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 10,600 101.2 90,715 25,05,375
BANKNIFTY CE 25,600 99 87,339 2,38,600
BANKNIFTY CE 25,700 60.9 79,578 2,63,440
MARUTI CE 10,000 140 5,271 2,17,425
RELCAPITAL CE 600 23.5 3,650 5,89,500
TATAMOTORS CE 430 15.7 3,275 9,48,000
RCOM CE 40 3.1 3,206 1,92,08,000
TATAMOTORS CE 440 10.9 2,642 11,40,000
MOST ACTIVE PUT OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 10,500 107.35 1,08,841 37,30,500
NIFTY PE 10,400 77 80,379 39,75,900
BANKNIFTY PE 25,400 75 71,779 2,83,560
TATAMOTORS PE 420 8 1,982 8,14,500
RCOM PE 30 2.25 1,394 69,72,000
RELCAPITAL PE 580 29.4 1,248 1,50,750
TATAMOTORS PE 410 5.15 1,235 8,86,500
SBIN PE 300 4.1 1,168 26,22,000
FII DERIVATIVES STATISTICS
BUY OPEN INTEREST AT THE END OF THE DAY
No. of
Contracts
Amount in
Crores
No. of
Contracts
Amount in
Crores
No. of
Contracts
Amount in
Crores
NET AMOUNT
INDEX FUTURES 29770 2403.49 18249 1474.52 155431 12635.23 928.9737
INDEX OPTIONS 257107 21882.77 228017 19623.98 636830 51377.61 2258.7868
STOCK FUTURES 124788 9337.38 119133 8815.57 910858 67525.89 521.802
STOCK OPTIONS 40922 3100.43 42371 3232.47 25188 1917.58 -132.0424
3577.5201
SELL
STOCKS IN NEWS
 Public sector Punjab National Bank on Saturday
announced raising interest rates by up to 1.25 per
cent on domestic term deposits of up to Rs 10 crore
for different tenures, effective January 1, 2018.
NIFTY FUTURE
The Nifty futures have started the January series with
one of the highest Open Interests (OI) seen last year.
This open interest contains the short Nifty future
positions, which are either formed speculatively or as
hedged positions against the long portfolios before the
upcoming event of Union Budget.Roll spread in the
December series expiry fell from 40 to sub 30 points,
indicative of these short rollover of Nifty positions into
the January series. These short positions should provide
ignition for a further Nifty up move.We believe if the
Nifty starts sustaining above 10,500, some short closure
may be seen in Nifty, which should extend upsides
towards 10600. So we advice to Buy Nifty future above
10540-10550 tgt 10600-10650 sl below 10500.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10568.00 10549.00 10518.00 10499.00 10468.00
BANKNIFTY 25634.00 25586.00 25518.00 25470.00 25402.00

4. _____________________________________________________________________________________________________________________
Special Report
01 Jan-2017
COMMODITY ROUNDUP
Gold may not retain its sheen in 2018 even though the
yellow metal gained by 12% in 2017, analysts feel. Gold
prices were trading at one month high on Thursday as the
dollar fell to a four week low. MCX Gold futures were up 98
points, or 0.34 per cent, at Rs 29,040 per 10 gram at around
11 am.
In 2017, gold prices have gained by 12% in the international
markets, while MCX gold has gained by 5.6 percent in the
same time frame as rupee appreciation of 5.5 percent
which capped the rally in the Indian markets.
Gold prices have gained in 2017 despite global rising
equities, positive investment sentiment for riskier assets,
weak gold demand from India and China, and rising interest
rate scenario in the US.
Moving ahead in the New Year 2018, gold prices will not
have the same charm as optimism in the US housing and
labour market, possibility of two more rate hike in the US,
rising inflation meeting the central bank targets of around
2%, and less charm in the investment demand, increasing
global GDP growth as per IMF estimates are factors which
will cap the rally in gold prices.
Gold prices were trading higher in morning trade on
Thursday as the dollar fell to a four-week low. MCX Gold
futures were up 98 points, or 0.34 per cent, at Rs 29,040 per
10 gram at around 11 am (IST).
Similarly, silver was also trading in the green. MCX Silver
futures were up 0.30 per cent, or Rs 117, at Rs 38,790 per 1
kg at around the same time.
The dollar was on the defensive on Thursday, facing
headwinds from a dip in U.S. 10-year bond yields, while
commodity-linked currencies were bolstered by this week's
rally in metal and oil prices. Only Opec king-pin Saudi Arabia
and Russia produce more.
The latest official US production figures are due to be
published by the on Thursday.
Copper in London surged to the highest in almost four years
after China ordered its top producer to halt output to
combat winter pollution, fueling a rally this year driven by
optimism about demand and supply disruptions at mines.
Jiangxi Copper was told to cut production for at least a week
before a new assessment is made on local pollution levels.
Earlier in the month, the No. 2 smelter, Tongling Nonferrous
Metals Group, was asked to make similar cuts. Copper for
delivery in three months rose 1.6 per cent to $7,236.50 a
metric tonne ($3.28 a pound) on the London Metal
Exchange as trade resumed after the Christmas break.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD DEC ABOVE 29200 TGT 29150 29250 SL BELOW
29050
SELL GOLD DEC BELOW 29050 TGT 28900 28800 SL ABOVE
29050
SILVER
TRADING STRATEGY:
BUY SILVER DEC ABOVE 39350 TGT 39200 39500 SL BELOW
38800
SELL SILVER DEC BELOW 38950 TGT 38500 38200 SL ABOVE
38900

5. _____________________________________________________________________________________________________________________
Special Report
01 Jan-2017
NCDEX INDICES
Index Value % Change
Castor Seed 4360 -0.3
Chana 4015 0.98
Coriander 5473 -0.83
Cotton Seed Oilcake 1768 -1.64
Guar Seed 10 MT 4076 -1.31
Jeera 21650 -0.12
Mustardseed 3948 0.2
Soy Bean 3059 -1.35
Turmeric 7830 -1.36
Wheat 1670 -0.6
RECOMMENDATIONS
DHANIYA
BUY CORIANDER DEC ABOVE 5550 TGT 5600 5700 SL
BELOW 5500
SELL CORIANDER DEC BELOW 5450 TGT 5400 5300 SL
ABOVE 5500
GUARGUM
BUY GUARGUM5 DEC ABOVE 9000 TGT 9150 9250 SL
BELOW 9050
SELL GUARGUM5 DEC BELOW 8900 TGT 8950 8850 SL
ABOVE 9050
Cardamom prices traded higher by 0.70 per cent to Rs 1,105
per kg in futures trade today as participants built up fresh
positions amid upsurge in domestic as well as exports
demand at the spot market.
Besides, tight stock position on fall in arrivals from major
producing regions supported the price uptrend. In futures
trading at the Multi Commodity Exchange, cardamom for
delivery in January traded higher by Rs 7.70, or 0.70 per
cent to Rs 1,105 per kg in business turnover of 37 lots.
Similarly, the contract for February delivery was trading at
Rs 1,120, up 0.19 per cent, or Rs 2.10 with trading volume
of just one lot.
Soybean prices were higher by Rs 24 to Rs 3,110 per quintal
in futures trade today on expansion of holdings by the
investors in tune with emerging physical market.
Marketmen attributed upsurge in soybean prices to firming
trend in spot markets.
Technically Mentha oil market is under fresh buying as
market has witnessed gain in open interest by 13.49% to
settled at 2154 while prices up 68.2 rupees.
Now Mentha Oil is getting support at 1723.8 and below
same could see a test of 1672.1 levels and resistance is now
likely to be seen at 1801.3, a move above could see prices
testing 1827.1.
Mentha oil on MCX settled up by 3.99% at 1775.4 as prices
recorded gains in spot markets on dwindling supplies due to
fall in output. Prices also seen supported due to sharp fall in
output and higher demand for domestic industries and
exports. This year mentha oil output is projected at 25,000-
30,000 ton as against 35,000 ton in the previous year due to
fall in acreage. Mentha stood at 175,000 hectare down 20%
compared to last year. India exported 5,365 ton mint
products during April-June 2017 up from 5,259 ton a year
ago, Spices Board data showedof 486 lots.

6. _____________________________________________________________________________________________________________________
Special Report
01 Jan-2017
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 63.9273 Yen 56.7200
Euro 76.3867 GBP 86.0653
GBP/INR
BUY GBP/INR ABOVE 86.65 TGT 86.75-85.85 SL 86.55
SELL GBP/INR BELOW 86.40 TGT 86.30-86.20 SL 86.50
JPY/INR
BUY JPY/INR ABOVE 57.20 TGT 57.30-57.40 SL 57.10
SELL JPY/INR BELOW 56.90 TGT 56.80-56.70 SL 57.00
The dollar fell to its lowest in over three months against a
basket of major currencies on Friday, marking its steepest
annual drop since 2003, on doubts over durability of a
pickup in U.S. economic growth in wake of last week's tax
overhaul.
One of the most dramatic market developments in 2017
was the breath-taking rise of bitcoinBTC=BTSP and other
cryptocurrencies. While they have pulled back at year-end,
many of these digital currencies have surged in value this
year.
The greenback may lag further against its peers in 2018 as
investors expected other major central banks to reduce
their stimulus while the Federal Reserve has signaled it
would raise interest rates further.
The dollar index was at a 14-year peak at the start of 2017
on hopes for U.S. President Donald Trump's pro-growth
economic agenda. Barring the most dramatic rewrite of the
U.S. tax code in 30 years enacted last week, Trump and
Republican lawmakers have struggled to pass
legislation.Furthermore, many institutional investors close
their books at the year-end, a deadline for taxation and
performance reporting, a time seen leading to dollar selling
pressure, analysts said.Outside of traditional currencies,
bitcoin and other cryptocurrencies rebounded after two
days of losses tied partly to more regulators toughening
rules on digital currencies in a bid to curb excessive
speculation.Bitcoin was last up 1.18 percent at $14,564.76
on the Bitstamp exchange. It was off the record highs near
$20,000 touched 12 days ago but still headed for a gain of
roughly 1,400 percent in 2017.

7. _____________________________________________________________________________________________________________________
Special Report
01 Jan-2017
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target
Stop
Loss
Remark
29/12/17 NCDEX DHANIYA DEC. BUY 5550 5600 5700 5500 NOT EXECUTED
29/12/17 NCDEX DHANIYA DEC. SELL 5450 5400 5300 5500 SL TRIGGERED
29/12/17
NCDEX
GUARGUM
DEC. BUY 8900 8950 9050 8850 NOT EXECUTED
29/12/17
NCDEX
GUARGUM
DEC. SELL 8650 8600 8500 8700 TARGET HIT
29/12/17 MCX GOLD FEB. BUY 29200 29150 29250 29050 TARGET HIT
29/12/17 MCX GOLD FEB. SELL 29050 28900 28800 29050 NOT EXECUTED
29/12/17 MCX SILVER MAR. BUY 39350 39200 39500 38800 TARGET HIT
29/12/17 MCX SILVER MAR. SELL 37800 37600 37200 38000 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
29/12/17 NIFTY FUTURE BUY 10470-10460 10420– 10350 10530 NOT EXECUTED
29/12/17 ESCORTS FUTURE BUY 780 787-797 776 SL TRIGGRED
29/12/17 LUPIN FUTURE BUY 891-892 900—910 795 TARGET HIT
29/12/17 ESCORTS FUTURE BUY 787 796-806 782 TARGET HIT

8. _____________________________________________________________________________________________________________________
Special Report
01 Jan-2017
NEXT WEEK'S U.S. ECONOMIC REPORTS
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Disclaimer
TIME REPORT PERIOD ACTUAL
CONSENSUS
FORECAST
PREVIOUS
MONDAY, JAN. 1
None scheduled
New Year's Day
TUESDAY, JAN. 2
9:45 am Markit manufacturing PMI Dec. 55.0
WEDNESDAY, JAN. 3
8:15 am ADP employment Dec. 190,000
10 am ISM manufacturing Dec. 58.2%
10 am Construction spending Nov. 1.4%
Varies
THURSDAY
, JAN. 4
THURSDAY, JAN. 4
THURSDAY,
JAN. 4
THURSDAY, JAN. 4
THURSDAY,
JAN. 4
THURSD
AY, JAN.
4
8:30 am Weekly jobless claims 12/30 N/A
9:45 am
FRIDAY,
JAN. 5
FRIDAY, JAN. 5
FRIDAY,
JAN. 5
FRIDAY, JAN. 5 FRIDAY, JAN. 5
FRIDAY,
JAN. 5
8:30 am Nonfarm payrolls Dec. 228,000