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Special Report
12 Sep-2017
Global markets at a glance
The S&P 500 surged over 1 percent to a record high close
on Monday as tropical storm Irma caused less damage than
expected in Florida, and after North Korea did not test-fire
missiles over the weekend, which some had feared.
All 11 major S&P 500 sectors rose, led by financial stocks,
with insurers advancing as Irma, once ranked as one of the
most powerful hurricane recorded in the Atlantic, lost pow-
er.Irma caused severe flooding in many Florida cities and
left more than 6 million homes and businesses without
power, but damage appeared to be less than expected.
That relieved investors, especially in the wake of Hurricane
Harvey, whose devastation is estimated to dent third-
quarter economic growth.Apple rose 1.81 percent a day
ahead of the expected launch of a new iPhone, providing
the biggest boost to the Nasdaq and S&P 500.
Tesla jumped 5.91 percent on news that China was study-
ing when to ban the production and sale of cars using tradi-
tional fuels..
About 6 billion shares changed hands in US exchanges,
above the 5.8 billion daily average over the last 20 sessions.
Asian shares joined a global equities rally, hitting a 10-year
peak on Tuesday with investors breathing a sigh of relief as
North Korean fears eased slightly and the worst-case sce-
nario from Hurricane Irma looked to have been avoided.
MSCI's broadest index of Asia-Pacific shares outside Japan
gained 0.1 percent to its highest level since late 2007.
Japan's Nikkei rose 1.0 percent.
On Wall Street on Monday, US S&P 500 Index surged over 1
percent to a record high close of 2,488 while MSCI's broad-
est gauge of the world's stock markets covering 47 markets
also hit a new record high, having made its biggest gains in
about two months.The Nikkei 225 rallied 1.25 percent and
South Korea's benchmark Kospi index tacked on 0.99 per-
cent as geopolitical tensions eased on the Korean peninsula
over the weekend.
Previous day Roundup
The Nifty50 reclaimed the 10,000 mark on a closing basis
on Monday, for the first time since August 7, 2017. In the
process, the index formed a bullish candle on the daily
chart. While supports shifted higher from 9,900 level to the
9,950-9,980 range, experts believe the 50-pack index may
face resistance at 10,060 level
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Consumer Durables [up 1.18pts
.], Capital Goods [up 98.70 pts], PSU [up 73.92 pts], FMCG
[up 57.41 pts], Realty [up 7.77 pts], Power [up 41.92 pts],
Auto [up124.64pts], Healthcare[down 3.73 pts],IT[down
13.84 pts],Metals[up91.76pts],TECK[down
7.42 pts], Oil& Gas [up 150.40pts].
World Indices
Index Value % Change
DJI 21,940 0.85
S&P500 2,475 0.54
NASDAQ 6432 1.12
FTSE100 7413.59 0.49
NIKKEI 19,741.42 0.99
HANG SENG 27941.71 -0.05
Top Gainers
Company CMP Change % Chg
IndusInd Bank 1,791.25 95.35 5.62
Tata Power 80.6 3.6 4.68
Larsen 1,217.85 45.45 3.88
GAIL 394.8 14.7 3.87
Yes Bank 1,842.05 53.05 2.97
Top Losers
Company CMP Change % Chg
Idea Cellular 78.65 -0.95 -1.19
M&M 1,280.20 -15.2 -1.17
Sun Pharma 467.45 -3.9 -0.83
TCS 2,454.45 -16.15 -0.65
Infosys 878.7 -5.6 -0.63
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
AMBUJACEM 282.55 1.6 0.57
ANDHRSUGAR 404 22.5 5.57
APEX 257.7 12.85 4.99
ASHOKLEY 115.15 1.25 1.09
ASIANPAINT 1203.95 34.55 2.87
AUSOMENT 32.1 6.4 19.94
AUTOLITIND 71.05 14.2 19.99
Indian Indices
Company CMP Change % Chg
NIFTY 10006 71.2 0.72
SENSEX 31882.16 194.64 0.61
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ABCAPITAL 201.25 -8.65 -4.3
AGLSL 131.45 -5.1 -3.88
BANSWRAS 135.2 0.1 0.07

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Special Report
12 Sep-2017
STOCK RECOMMENDATION [CASH]
JSWSTEEL [CASH]
From the daily chart its clear that there is some selling
pressure at its top level of around 269-270 which is throw-
ing back the prices of JSWSTEEL towards 265, sell on rise
strategy perfectly fit on it so we recommend to SELL
JSWSTEEL AROUND 272-270 TGT 266-262 SL ABOVE 276.
MACRO NEW
 The Nifty50 futures on the Singapore Stock Exchange
were trading 49 points higher at 10074.50 indicating a
positive opening for the domestic market.
 India’s retail inflation is expected to have picked up to
a 5-month high in August, largely driven by higher
food costs, a Reuters poll showed, easing pressure on
RBI to cut interest rates again after poor growth data.
Consumer prices were forecast up at 3.2 percent in
August from a year ago, jumping from July’s 2.36 per-
cent, according to the poll taken on 5-8 September of
nearly 40 economists, said a report by Livemint.
 The Supreme Court has directed Jaypee Associates to
deposit Rs 2000 crore by October 27 and that the in-
solvency professional must submit an interim resolu-
tion plan within 45 days. The apex court has stayed all
other proceedings against the loan defaulter company,
Jaypee Infratech, until further orders and restrained
the former CEO and Managing Director Manoj Gaur of
Jaypee Infratech from leaving the country.
 Sebi is expected to approve options trading in guar
seed. That would make it the second commodity, after
gold, in which options contracts can be traded. Trading
in guar seed options is expected to start in the last
week of October. Guar seed sees trades worth Rs 400-
600 crore daily.
RECOMMENDATIONS [FUTURE]
1.JUSTDIAL[FUTURE ]
From the Daily chart its clear that JUSTDIAL FUTURE is con-
tinuosly facing a support at its base level of 378-376 there
yesterday trading session this stock rebounded many times
from its support level of 378, today if market supports then
it would provide us good buying opportunity so we recom-
mend to BUY JUSTDIAL FUTURE AROUND 376-374 TGT 380-
384 SL BELOW 370.
2.ARVIND INDIA [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
12 Sep-2017
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP
NIFTY CE 10,000 103.3 1,84,651 39,47,175
NIFTY CE 10,100 53 1,55,401 35,65,575
NIFTY CE 10,200 23.75 1,10,679 36,34,350
INDUSINDBK CE 1,800 31.45 4,307 2,74,200
YESBANK CE 1,900 20 3,613 3,23,400
BHARATFIN CE 1,000 21.25 3,529 7,13,000
INFY CE 900 10.8 3,194 16,37,000
INFY CE 920 6.3 3,060 17,32,000
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY PE 24,200 15.3 1,40,981 6,83,240
BANKNIFTY PE 24,300 24.4 1,40,581 4,75,400
BANKNIFTY PE 24,400 38.1 1,39,636 4,19,280
YESBANK PE 1,800 23.25 1,704 1,80,600
MARUTI PE 8,000 68 1,533 66,450
MARUTI PE 7,900 44 1,490 70,950
MARUTI PE 7,800 28.5 1,414 85,950
RELIANCE PE 820 11.85 1,362 5,80,000
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 15328 1267.99 14020 1148.73 201272 15236.80 119.2667
INDEX OPTIONS 385964 31974.72 383430 31491.84 926076 71410.79 482.8772
STOCK FUTURES 78811 5771.46 78991 5832.93 780857 54810.90 -61.4734
STOCK OPTIONS 65755 5176.71 66449 5220.85 64941 4765.38 -44.1373
496.5332
STOCKS IN NEWS
 ITC in focus - GST cess pulls cigarette sales down 8-9
percent in July-August
 JSW Group in talks with China's Zhejiang Geely for
electric vehicles .
 Sun Pharma gets US FDA nod for cholesterol drug,
Fenofibrate tablet .
NIFTY FUTURE
Last trading session NIFTYFUTURE crossed 10000 level
by breaking 1 week consolidation for which investor
were eagerly waiting still NIFTY50 stocks faced some
selling pressure on Monday but today we expect that
there would be good profit making opportunity so we
recommend to BUY NIFTYFUTURE AROUND 10010-10030
TGT 10040-10060 SL BELOW 9980.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10060.00 10033.00 10000.00 9973.30 9940.60
BANKNIFTY 24898.00 24785.00 24621.00 24508.00 24344.00
Traded Open
Volume Interest
(Contracts)

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Special Report
12 Sep-2017
COMMODITY ROUNDUP
WTI Crude oil futures stayed supported after a massive tum-
ble in last session as equities managed to edge up some-
what receding global geopolitical concerns. Crude tumbled
more than 3% on Friday and consolidated around $47.70
per barrel today. MCX Crude oil futures are trading at Rs
3054 per barrel, up 0.30% on the day amid sideways trading
so far.
Economic data was good today. Japan core machine orders
surged a seasonally adjusted 8% on month in July, standing
at 853.3 billion yen, following the 1.9% decline in June.
Japan's tertiary industry activity index gained 0.1% month-
on-month in July, reversing a 0.2% drop in June and flat
growth in May, data from the Ministry of Economy, Trade
and Industry showed Monday.
Large speculators continued to add to their net positions in
the copper futures markets to the highest level in about six
months, according to the latest Commitment of Traders
(COT) data released by the Commodity Futures Trading
Commission (CFTC) on Friday.
The non-commercial futures contracts of Copper futures,
traded by large speculators and hedge funds, totaled a net
position of 48,865 contracts in the data reported through
Tuesday September 5th. This was a weekly gain of 5,213
contracts from the previous week which had a total of
43,652 net contracts.
Large speculators continued to push their bullish net posi-
tions higher in the silver futures markets, according to the
latest Commitment of Traders (COT) data released by the
Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of Silver futures,
traded by large speculators and hedge funds, totaled a net
position of 64,171 contracts in the data reported through
Tuesday September 5th. This was a weekly increase of
10,526 contracts.
Silver speculative positions have gained for seven consecu-
tive weeks which has leveled speculative positions at the
highest standing since June 6th. The commercial traders
position, categorized by the CFTC as hedgers or traders en-
gaged in buying and selling for business purposes, totaled a
net position of -76,688 contracts on the week. This was a
weekly fall of -11,100 contracts. Gold prices fell more than 1
percent on Monday from the previous session's 13-month
high as relief that North Korea did not conduct a missile test
over the weekend helped to lift global stocks, the U.S. dollar
and bond yields. MKTS/GLOB FRX/ US.Demand for safer as-
sets, including gold, also weakened after Hurricane Irma
wreaked less damage in Florida than had been feared.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD OCT ABOVE 30100 TGT 30150 30250 SL BELOW
30050
SELL GOLD OCT BELOW 29930 TGT 29880 29780 SL ABOVE
29980
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
12 Sep-2017
NCDEX INDICES
Index Value % Change
BARLEY 1415 -1.39
CASTOR SEEDS 4640 0.48
CORIANDER 4462 -2.7
COTTON SEED 1504 -0.86
GUAR SEED 3904 0.72
JEERA 19920 1.04
MUSTARDSEED 3725 -0.98
SOYA BEAN 3113 0.52
TURMERIC 7590 -0.71
WHEAT 1599 -1.17
RECOMMENDATIONS
DHANIYA
BUY CORIANDER SEP ABOVE 4500 TGT 4530 4570 4670 SL
BELOW 4450
SELL CORIANDER SEP BELOW 4400 TGT 4370 4330 4280 SL
ABOVE 4450
GUARGUM
BUY GUARGUM5 OCT ABOVE 8380 TGT 8410 8450 8500 SL
BELOW 8330
SELL GUARGUM5 OCT BELOW 8230 TGT 8260 8300 8350 SL
ABOVE 8280
Jeera futures traded higher on NCDEX on account of in-
creasing demand from retailers at the spot market. Further,
tight stocks position following lower supply from the pro-
ducing belts too fuelled the uptrend.
The contract for September delivery was trading at Rs
19750.00, up by 0.18% or Rs 35.00 from its previous closing
of Rs 19715.00. The open interest of the contract stood at
9183 lots.
The contract for October delivery was trading at Rs
19340.00, up by 0.05% or Rs 10.00 from its previous closing
of Rs 19330.00. The open interest of the contract stood at
8325 lots on NCDEX.
The global Pepper market showed a mixed outing during
the last week. In Lampung and Sarawak, the prices in-
creased while some moderation was noted in India. Stable
prices were reported in Vietnam, Sri Lanka and Bangka.In
Vietnam, trading activity was limited and price remained
stable as last week. This was due to weak overseas demand.
In the United States, demand was static although spot stock
was reported to be thin.
Turmeric futures edged lower on NCDEX on fall in demand
at the spot market. Moreover, adequate stock position on
increased supplies from the producing belts too fuelled the
downtrend.
The contract for September delivery was trading at Rs
7570.00, down by 0.97% or Rs 74.00 from its previous clos-
ing of Rs 7644.00. The open interest of the contract stood at
2115 lots.
The contract for October delivery was trading at Rs 7634.00,
down by 1.19% or Rs 92.00 from its previous closing of Rs
7726.00. The open interest of the contract stood at 11575
lots on NCDEX.

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Special Report
12 Sep-2017
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 63.8859 Yen 58.8600
Euro 76.7334 GBP 84.2591
GBP/INR
BUY GBP/INR ABOVE 84.70 TGT 84.80-84.90 SL 84.60
SELL GBP/INR BELOW 84.30 TGT 83.20-83.10 SL 84.40
USD/INR
BUY USD/INR BELOW 64.10 TGT 64.20-64.30 SL 64.00
SELL USD/INR ABOVE 63.90 TGT 63.80-63.70 SL 64.00
The Reserve Bank of India (RBI) purchased USD 2.953 bil-
lion of the US currency on net basis in July from the spot
market. During the reporting month, it bought USD 4.893
billion and sold USD 1.940 billion in the spot market, ac-
cording to the latest data from the central bank. The RBI
intervenes in the foreign exchange market to contain vola-
tility in the rupee market.
European Central Bank Executive Board member Benoit
Coeure said on Monday that persistent gains in the euro
due to external factors can hurt the outlook for inflation,
while an economic improvement could offset the negative
impact of a strong currency arising from expectations of
tighter policy stance in future. With policy being effective
in boosting growth, any disinflationary effect of a stronger
currency arising from expectations of a tighter future mon-
etary policy stance might be mitigated, or offset, by the
ensuing improvement in the economic outlook, he said.
However, exogenous shocks to the exchange rate, if persis-
tent, can lead to an unwarranted tightening of financial
conditions with undesirable consequences for the inflation
outlook.
The rupee on Monday retreated from its one-month high
to end lower by 15 paise to 63.93 a dollar on overwhelm-
ing demand for the American currency from corporates
and banks. The ruppe traded under pressure in view of
strengthening US dollar following easing geopolitical ten-
sions in the Korean peninsula and also abating concerns
over Hurricane Irma which subsided over the weekend .
The partially convertible rupee is currently trading at
63.8850, stronger compared to its Thursday’s close at
64.04. The rupee opened at 63.8300 and touched day’s
high of 63.9100 and low of 63.8300.The September curren-
cy future was trading at 63.9925 with a spread of 0.0050
and a volume of 360858. The contract opened stronger at
63.9975 compared to its previous closing of 64.1525. The
open interest (OI) stood at 1,616,586 up by 0.23% com-
pared to its previous close of 1,612,796.The rupee had
closed at 64.04 on Thursday, while the Reserve Bank of
India’s (RBI) reference rate stood at 64.0276.

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Special Report
12 Sep-2017
Date
Commodity/ Curren-
cy Pairs
Contract Strategy Entry Level Target
Stop
Loss
Remark
11/09/17 NCDEX DHANIYA OCT. BUY 4650 4680-4720 4600 NOT EXECUTED
11/09/17 NCDEX DHANIYA OCT. SELL 4580 4550-4510 4630 NOT EXECUTED
11/09/17 NCDEX GUARGUM OCT. BUY 8320 8350 -8390 8270 TARGET HIT
11/09/17 NCDEX GUARGUM OCT. SELL 7900 7870 -7830 7950 NOT EXECUTED
11/09/17 MCX GOLD OCT. BUY 30300 30350 -30450 30200 NOT EXECUTED
11/09/17 MCX GOLD OCT. SELL 30200 30150 -30050 30300 TARGET HIT
11/09/17 MCX SILVER SEP. BUY 41800 42000-42300 41500 NOT EXECUTED
11/09/17 MCX SILVER SEP. SELL 41200 41000-40700 41500 TARGET HIT
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
11/09/17 NIFTY FUTURE BUY 9924-9930 9950-9980 9910 NOT EXECUTED
11/09/17 OIL FUTURE BUY 300-305 310-315 295 NOT EXECUTED
11/09/17 TITAN FUTURE SELL 640 630-620 652 NOT EXECUTED
11/09/17 M&MFIN CASH SELL 450-448 442/435 458 NOT EXECUTED

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Special Report
12 Sep-2017
NEXT WEEK'S U.S. ECONOMIC REPORTS
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Disclaimer
TIME REPORT PERIOD ACTUAL
CONSENSUS
FORECAST
PREVIOUS
MONDAY, AUG. 21
8:30 am Chicago national activity index July 0.13
TUESDAY, AUG. 22
None scheduled
WEDNESDAY, AUG. 23
9:45 am Markit manufacturing PMI (flash) Aug. 53.3
9:45 am Markit services PMI (flash) Aug. 54.7
10 am New home sales July 610,000
THURSDAY, AUG. 24
8:30 am Weekly jobless claims 8/19 232,000
10 am Existing home sales July 5.52 mln
FRIDAY, AUG. 25
8:30 am Durable goods orders July 6.4%
8:30 am Core capital goods orders July 0.0%