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1. _____________________________________________________________________________________________________________________
Special Report
09 Nov-2017
Global markets at a glance
Wall Street closed at a record high on Wednesday as
videogame makers rallied and Apple’s market value
climbed above USD 900 billion. The Dow Jones Industrial
Average edged up 0.03 percent to end at 23,563.36, while
the S&P 500 gained 0.14 percent to 2,594.38. The Nasdaq
Composite added 0.32 percent to 6,789.12. Syria’s army
and its allies, spearheaded by Lebanon’s Hezbollah,
captured Islamic State’s last stronghold in Syria on
Wednesday, a commander in the alliance said,
bringing the self-declared caliphate close to complete
downfall, Reuters reported. On Wall Street on
Wednesday, all three major indexes closed at record
highs, buoyed by rallying video game makers.
Asia stocks hovered near a decade high on Thursday
following another record breaking day on Wall Street.
MSCI’s broadest index of Asia-Pacific shares outside
Japan was up a fraction and in close reach of a 10-year
high set the previous day.
Australian shares rose 0.2 percent and to their highest
level since January 2008 while South Korea's KOSPI
stood flat. Japan's Nikkei climbed 1.1 percent,
reaching a high not seen since January 1992, Reuters
reported.Japan's Topix index rose to a 26-year high on
Thursday, while the Nikkei share average broke the
23,000 level for the first time since January 1992 as
financial and securities shares rallied.
The Topix .TOPX was up 1.4 percent at 1,843.31 at the
end of morning trade, after earlier rising as high as
1,844.05, its loftiest level since November 1991.
The Nikkei 225 jumped 2 percent to 23,368.16.
Previous day Roundup
The Nifty, opened with a slight gap on the higher side but
failed to hold on to the momentum and closed slightly
above its crucial psychological support level of 10,300 on
Wednesday.
According to Pivot charts, the key support level is placed at
10,264.4, followed by 10,225.6. If the index starts to move
higher, key resistance levels to watch out are 10,363.1 and
10,423.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Consumer Durables [down
174.54 pts.], Capital Goods [down 16.15 pts], PSU [down
1 13 .70 pt s ], FMC G [dow n9 .67 pts ], Re a lt y [do wn
2 3 . 0 0 p t s ] , P o w e r [ d o w n 1 6 . 5 3 p t s ] , A u t o
[down170.30pts],Healthcare[down 11.57 pts],IT
[ u p 4 1 . 5 0 p t s ] , M e t a l [ d o w n 2 2 8 . 9 2 p t s ] , T E C K
[up 5.56 pts], Oil& Gas [down 212.62 pts].
World Indices
Index Value % Change
DJI 22980.00 0.30
S&P500 2,554.00 0.12
NASDAQ 6789.12 0.31
FTSE100 7529.00 0.22
NIKKEI 23.368.16 1.94
HANG SENG 29,168.00 0.89
Top Gainers
Company CMP Change % Chg
Tech Mahindra 489.90 19.40 4.12
Axis Bank 544.85 17.70 3.36
Asian Paints 1,172.20 30.75 2.69
Cipla 622.60 15.05 2.48
Sun Pharma 537.80 10.20 1.93
Top Losers
Company CMP Change % Chg
Vedanta 321.90 -13.80 -4.11
Bharti Airtel 495.30 -19.05 -3.70
Tata Motors 438.20 -13.65 -3.02
Yes Bank 303.80 -7.90 -2.53
SBI 309.55 -7.65 -2.41
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
ASHOKA 238.4 -6.6 -2.77
AXISBANK 527.15 20.6 3.91
BALAMINES 569.9 -17.85 -3.13
BALMLAWRIE 278.35 14.65 5.26
BHARATFORG 715.3 21.7 3.03
BUTTERFLY 339.95 18.85 5.54
CALSOFT 39.9 1.95 4.89
Indian Indices
Company CMP Change % Chg
NIFTY 10303.20 -47.00 -0.45
SENSEX 33218.81 -151.95 -0.46
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ALPSINDUS 4.85 0 0
APOLLOHOSP 1003.05 -16.05 -1.6
ARIHANT 41.3 1.2 2.91

2. _____________________________________________________________________________________________________________________
Special Report
09 Nov-2017
STOCK RECOMMENDATION [CASH]
SYNDICATEBANK [CASH]
From the daily chart its clear that this stocks is facing
continuos rejection from its upward Resistance level of
87.50,90 and 91.30 , its major trend is it breaks its previous
day low after making minute correction but it fails to break
its previous day high so we recommend to SELL
SYNDICATEBANK AROUND 87.50-87 TGT 84-80 WITH SL
BELOW 90.
MACRO NEW
 The Nifty50 futures on the Singapore Stock Exchange
were trading 17 points higher at 10376 indicating a
positive opening for the domestic market.
 The Reserve Bank of India (RBI) has reduced its order
for printing currency notes in the current fiscal year to
the lowest in five years for lack of space in the
currency chests of the central bank and commercial
banks, Livemint reported.
 Sebi) has charged 22 entities, including Gujarat Chief
Minister Vijay Rupani’s Hindu Undivided Family (HUF),
for “manipulative trades” in little-known company
Sarang Chemicals. The regulator has imposed separate
penalties amounting to Rs 6.9 crore on the 22
entities.Rupani’s HUF has been asked to pay Rs 15
lakh, while three other individuals would have to shell
out Rs 70 lakh or more each, Business Standard
reported.
 After months of deadlock, India and the European
Union (EU) chief trade negotiators will meet next week
in New Delhi to hammer out a way forward for the
long-pending free trade agreement negotiations
between the two sides, Livemint reported.
RECOMMENDATIONS [FUTURE]
1. ESCORTS[FUTURE ]
From the Daily chart its clear that ESCORTS FUTURE is
breaking its low continuosly and if today it breaks its support
level of 701 and 697 then there is free fall so we recommend
to SELL ESCORTS FUTURE after it breaks its second support
level BELOW 697 TGT 690/680 SL ABOVE 705.
2.DIVISLAB[FUTURE]
From the daily chart its clear that this stocks is facing
continuos rejection from its upward Resistance level 1055-
1050 its major trend is it breaks its previous day low after
making minute correction but it fails to break its previous
day high so we recommend to SELL DIVISLAB FUTURE
AROUND 1045-1043 TGT 1035-1025 SL ABOVE 1055.

3. _____________________________________________________________________________________________________________________
Special Report
09 Nov-2017
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 10,500 76.3 2,69,048 41,98,125
NIFTY CE 10,600 41.5 2,03,876 34,98,375
NIFTY CE 10,700 20.75 1,66,965 31,31,550
INFY CE 960 21 5,821 7,19,000
LUPIN CE 1,000 12.5 5,174 6,60,800
INFY CE 940 32 4,079 6,66,500
LUPIN CE 900 36.65 4,060 5,76,800
SUNPHARMA CE 560 16.05 2,601 15,10,400
MOST ACTIVE PUT OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY PE 25,300 109.05 2,48,419 3,27,400
BANKNIFTY PE 25,400 151.05 2,13,754 2,81,880
LUPIN PE 800 25.95 5,313 3,10,800
LUPIN PE 900 68.95 4,323 1,59,600
LUPIN PE 840 39.5 2,751 1,57,600
INFY PE 940 10.6 2,696 5,04,500
YESBANK PE 300 5.95 2,624 37,01,250
RELIANCE PE 900 18 2,457 10,77,000
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 19908 1688.98 27791 2291.46 345426 27488.85 -602.4784
INDEX OPTIONS 801920 74195.48 808361 74712.63 1100077 87837.38 -517.149
STOCK FUTURES 99431 6852.63 128386 9140.46 983872 68294.48 -2287.8327
STOCK OPTIONS 101679 7331.38 101531 7357.82 109616 7702.33 -26.4409
-3433.901
SELL
STOCKS IN NEWS
 Mahindra Lifespace Developers to launch 2 industrial
parks and invest close to Rs600cr
 NMDC mulls bidding for $9bn mine
 JSW Energy has successfully secured an order from
Power Company of Karnataka Ltd (PCKL) for supply
of 200 MW power on short term basis for the period
from 8th November, 2017 to 31st May, 2018
NIFTY FUTURE
Yesterday trading it was a negative session NIFTY 50
lossed 47 points, and nifty future lossed 0.43% but it has
closed just above it support level of 10300 and for future
its 10342 .10409 is the resistance level for NIFTY future,
the index can show a nature of rebounding from its
support level so we recommend to BUY NIFTY FUTURE
AROUND 10350-10340 TGT 10380-10420 SL BELOW
10300.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10423.00 10363.00 10324.00 10264.00 10225.00
BANKNIFTY 25562.00 25373.00 25246.00 25057.00 24930.00

4. _____________________________________________________________________________________________________________________
Special Report
09 Nov-2017
COMMODITY ROUNDUP
India's gold imports in the last quarter of 2017 could drop
by a fourth from a year ago due to weak demand during key
festivals and as investors seek better returns from riskier
assets like equities, industry officials and analysts said.
Lower gold purchases by India, the world's second-biggest
consumer after China, could drag global prices XAU= that
have already fallen nearly 6 percent from this year's peak.
"October imports were lower than last year and even in
November and December they are likely to be lower than
last year," Sudheesh Nambiath, a senior analyst with GFMS,
a division of Thomson Reuters, said on Wednesday.
India's imports could fall to around 175 tonnes in October-
December from 234 tonnes a year ago, Nambiath said.
In the first nine months of 2017, the country's gold imports
surged 131 percent to 638.4 tonnes, according to GFMS
data, as jewellers advanced buying in the first half of the
year ahead of a sales tax hike that took effect from July 1.
demand usually strengthens in the final quarter as Indians
brace for the wedding season as well as festivals such as
Diwali and Dussehra, when buying bullion is considered
auspicious.
Elsewhere on the Comex, silver futures lost 18.9 cents, or
1%, to $17.04 a troy ounce. Among other precious
metals, platinum shed 0.6% to $928.95,
while palladium slumped 0.3% to $992.12 an ounce.
Meanwhile, copper futures declined 2.0 cents, or 0.7%, to
$3.137 a pound.
Malaysian palm oil futures rose slightly in evening trade on
Tuesday, snapping three sessions of gains as they tracked
overnight strength in Chicago Board of Trade (CBOT) soyoil.
Palm was also supported by Monday's surge in crude oil
prices, but the market was capped by a stronger Malaysian
ringgit MYR= , traders said.
The production of crude steel rose by 5.5% and stood at
8.65 million tonnes (MT) in October 2017 compared to 8.19
MT in the same month last year. As per report compiled by
the Joint Plant Committee (JPC) under the Ministry of Steel,
during April-October 2017, the crude steel production was
58.416 MT, a growth of 4.7% over the same period of the
last year. The country had produced 55.805 MT crude steel
during the first seven months of the preceding fiscal.
In October, the overall production of total finished steel was
at 9.354 MT, up by 6.9% over October 2016. The production
of total finished steel for sale was at 61.375 MT during April
-October 2017, a growth of 5.1% over same period of last
year.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
SELL GOLD DEC BELOW 29300 TGT 29200 29000 SL ABOVE
29450
BUY GOLD DEC ABOVE 29500 TGT 29600 29800 SL BELOW
29350
SILVER
TRADING STRATEGY:
BUY SILVER DEC ABOVE 39800 TGT 40000 40300 SL BELOW
39600
SELL SILVER DEC BELOW 39300 TGT 39100 38900 SL ABOVE
39500

5. _____________________________________________________________________________________________________________________
Special Report
09 Nov-2017
NCDEX INDICES
Index Value % Change
BARLEY 4357 -0.39
CASTOR SEEDS 4950 2.23
CORIANDER 4992 -0.22
COTTON SEED 1501 -0.53
GUAR SEED 3577 -0.11
JEERA 18605 -0.13
MUSTARDSEED 3977 1.2
SOYA BEAN 2842 1.14
TURMERIC 7030 0.63
WHEAT 1716 0.06
RECOMMENDATIONS
DHANIYA
BUY CORIANDER NOV ABOVE 5020 TGT 5050 5090 5140 SL
BELOW 4970
SELL CORIANDER NOV BELOW 4970 TGT 4940 4900 4850 SL
ABOVE 5020
GUARGUM
BUY GUARGUM5 NOV ABOVE 8030 TGT 8060 8100 8150 SL
BELOW 7980
SELL GUARGUM5 NOV BELOW 7940 TGT 7910 7870 7820 SL
ABOVE 7990
Turmeric futures edged lower on NCDEX as speculators
offloaded their bets, tracking a weak trend at the physical
markets due to muted demand. Further, increased supplies
from major growing regions also influenced turmeric
futures.
The contract for November delivery was trading at Rs
7114.00, down by 1.98% or Rs 144.00 from its previous
closing of Rs 7258.00. The open interest of the contract
stood at 2600 lots.
The contract for December delivery was trading at Rs
7050.00, down by 2.35% or Rs 170.00 from its previous
closing of Rs 7220.00. The open interest of the contract
stood at 5970 lots on NCDEX.
Barley futures edged higher on NCDEX as participants
enlarged their holdings amid improved demand in the spot
market. Further, fall in supplies from major producing belts
also fuelled the uptrend.
The contract for November delivery was trading at Rs
1544.50, up by 1.55% or Rs 23.5 from its previous closing of
Rs 1521.00. The open interest of the contract stood at 1080
lots.
The contract for December delivery was trading at Rs
1531.00, up by 0.33% or Rs 5.00 from its previous closing of
Rs 1526.00. The open interest of the contract stood at 500
lots on NCDEX.
Jeera futures edged lower on NCDEX as speculators
offloaded their positions amid lower domestic and exports
demand in the spot market. Besides, good supplies from
major producing belts also weighed on jeera futures.
The contract for November delivery was trading at Rs
18655.00, down by 0.29% or Rs 55.00 from its previous
closing of Rs 18710.00. The open interest of the contract
stood at 3261 lots.

6. _____________________________________________________________________________________________________________________
Special Report
09 Nov-2017
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 65.0592 Yen 57.1200
Euro 75.3841 GBP 85.5724
GBP/INR
BUY GBP/INR BELOW 86.00 TGT 86.10-84.20 SL 85.90
SELL GBP/INR ABOVE 85.30 TGT 88.20-88.10 SL 85.40
EUR/INR
BUY EUR/INR BELOW 75.90 TGT 76.00-76.10 SL 75.80
SELL EUR/INR BELOW 75.50 TGT 75.40-75.30 SL 75.60
The euro slipped on Tuesday but stayed within recent
trading ranges, as recent economic data surpassed market
expectations, making investors wary of pushing the single
currency lower.
Investor sentiment towards Germany climbed to a record
high, Monday's data showed, as the euro zone's largest
economy fueled a brisk economic recovery in the region,
and region-wide growth was robust in October, according
to a survey risky assets have been robust, currency
markets have been generally sidelined as there are very
little event risks on the horizon and until we see a big
surprise in economic data, currency markets will be
trapped in tight ranges," said Thu Lan Nguyen, a FX
strategist at Commerzbank AG (DE:CBKG) in Frankfurt.
The euro edged 0.2 percent lower to $1.1591 in early
trades. Trading ranges in the single currency have become
narrower since the European Central Bank said on Oct. 26
it was cutting back its monthly bond purchases, with the
euro remaining in a half percent daily trading range against
the dollar.
The U.S. dollar index, which measures the greenback’s
strength against a trade-weighted basket of six major
currencies, was up -% at 94.55 by 05:15 a.m. ET (09:15
GMT).
USD/JPY climbed 0.53% to 114.30, just off the previous
session's eight-month high of 114.73, after Bank of Japan
Governor Haruhiko Kuroda said on Monday that the
central bank will continue with its monetary easing policy,
but added that the bank was closely watching the
economic effects of prolonged stimulus.
The euro was lower, with EUR/USD down 0.46% at 1.1557,
the lowest level since mid-July, still weighed by the
European Central Bank decision late last month to extend
its bond purchases until September 2018.
Elsewhere, GBP/USD slipped 0.22% to 1.3142, while USD/
CHF gained 0.42% to trade at 1.0016.
The Australian and New Zealand dollars were weaker,
with AUD/USD down 0.51% at 0.7653 and with NZD/
USD sliding 0.45% to 0.6915.

7. _____________________________________________________________________________________________________________________
Special Report
09 Nov-2017
Date Scrip
Cash/Future/
Option
Strategy Entry Level Target Stop Loss Remark
8/11/2017 Nifty FUTURE SELL 10400 10410 10450-10500 10350
NOT
EXECUTED
8/11/2017 BHARATFORG FUTURE SELL 732-735 742 1ST TGT
725-715
8/11/2017 KAJARIACERA FUTURE BUY 688-690 705-715 680 1ST TGT
8/11/2017 NATIONALUM CASH SELL 92.80-92.60 90-88 94 2ND TGT

8. _____________________________________________________________________________________________________________________
Special Report
09 Nov-2017
NEXT WEEK'S U.S. ECONOMIC REPORTS
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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
WEDNESD
AY, 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%