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1. _____________________________________________________________________________________________________________________
Special Report
15-Jan-2017
Global markets at a glance
Wall Street continued its rally on Friday with record closing
highs as the fourth-quarter earnings season kicked off with
solid results from banks and robust retail sales drove
investor optimism about economic growth.
The S&P 500 and Nasdaq both registered their eight record
closing highs out of the first nine trading days of 2018,
while the Dow boasted its sixth closing high of the year.
Investors were also hopeful 2018 financial forecasts from
U.S. companies would beat Wall Street estimates as many
analysts may not have tax savings fully reflected in their
models as the tax bill was signed into law so late in
December.
The Dow Jones Industrial Average rose 228.46 points, or
0.89 percent, to 25,803.19, the S&P 500 gained 18.68
points, or 0.67 percent, to 2,786.24 and the Nasdaq
Composite added 49.29 points, or 0.68 percent, to
7,261.06.For the week, the S&P rose 1.6 percent,
compared with the Dow's 2-percent rise and a 1.8-percent
advance in the Nasdaq.The S&P consumer discretionary
index jumped 1.3 percent after retail sales data showed
households bought more goods, suggesting the economy
exited 2017 with strong momentum.
Major indexes in Asia notched gains on Monday after Wall
Street closed out last week at records and the dollar
remained on the back foot.The Nikkei 225 rose 0.54
percent as technology and financial names rose early in the
session. Automakers proved to be a mixed picture.Shares
of SoftBank Group jumped 4.26 percent following news
from Nikkei Asian Review that the company aimed to list
SoftBank Corp., its mobile arm, both in Tokyo and abroad
this year. The listing could raise around 2 trillion yen ($18
billion) for the company, Nikkei added.SoftBank said in a
statement the listing of its mobile unit was an option for
the company, but that no official decision had been made.
Previous day Roundup
The Nifty50 opened at 10,682.55 and closed roughly at the
same level at 10,681.25. The index breached its 5-days
exponential moving average to hit an intraday low of
10,597.10 but then bulls came to rescue and pushed the
index back above 10,600. It hit a record high of 10,690.40
in trade on Friday.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Consumer Durables [ -61.29 ],
CapitalGoods[95.84pts],PSU[-1.15pts],FMCG[ -
56.56 pts],Realty[ -40.87pts],Power[ -11.49pts],Auto
[ 72.80 pts],Healthcare[ -51.79 pts],IT[ 3.22 pts],Metal
[ 70.33 pts],TECK[9.01 pts], Oil& Gas [ 112.02 pts].
World Indices
Index Value % Change
DJI 25,803.20 0.89
S&P500 2794.50 0.20
NASDAQ 6,791.25 0.25
FTSE100 7,778.64 0.20
NIKKEI 23,708.63 0.23
HANG SENG 31,648.50 0.75
Top Gainers
Company CMP Change % Chg
ICICI Bank 317.70 8.20 2.65
Bharti Infratel 374.80 7.05 1.92
Zee Entertain 591.00 11.00 1.90
Vedanta 339.55 5.65 1.69
ONGC 200.75 2.85 1.4
Top Losers
Company CMP Change % Chg
UPL 775.35 -10.85 -1.38
Aurobindo Pharm 667.05 -7.50 -1.11
Lupin 919.10 -10.10 -1.09
Bharti Airtel 509.55 -5.20 -1.01
Bosch 19,771.60 -183.10 -0.92
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
21STCENMGM 33.4 0.65 1.95
ALBERTDAVD 461 6 1.3
ANSALAPI 32.95 1.6 4.86
ASHIMASYN 36.55 -0.45 -1.23
ASIANTILES 593.15 18.7 3.15
ATUL 2968.2 29.8 1
AUSTRAL 0.35 0.05 14.29
Indian Indices
Company CMP Change % Chg
NIFTY 10681.30 30.10 0.28
SENSEX 34592.39 88.90 0.26
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
JENSONICOL 6.7 0.3 4.48
LICNETFGSC 16.8 -0.2 -1.19
MRO-TEK 39.9 -1.95 -4.89

2. _____________________________________________________________________________________________________________________
Special Report
15-Jan-2017
STOCK RECOMMENDATION [CASH]
JUSTDIAL [CASH]
According to daily chart of Justdial, it has made a breakout
candle after getting pull back from its crucial support level
around 568-570 in some of the previous trading session
and as per the intraday movement it has given a closing
above its crucial resistance level of 594 in hourly chart so
buy on high would be good to follow so we recommend to
buy JUSTDIAL Above 612 tgt 620-630 sl 600.
MACRO NEW
 Trends on SGX Nifty indicate a positive opening for the
broader index in India, a rise of 39.50 points or 0.37
percent. Nifty futures were trading around 10,728-
level on the Singaporean Exchange.
 India’s retail inflation hit a fresh high, growing 5.2
percent in December, mainly due to hardening
housing, fuel and food prices, while inching towards
RBI’s upper tolerance level of inflation at 6
percent.Consumer food price inflation continued to
witness a jump, with prices of food rising 4.96 percent
in December from 4.42 percent in November.
 North Korea and South Korea have agreed to hold
working-level talks at the Tongil Pavilion on the North
Korean side of the truce village of Panmunjom on
January 15, South Korea’s unification ministry said in a
statement on Saturday.The delegation, to be led by an
official from the Ministry of Culture, Sports and
Tourism, will be sent to hold talks on the prospects of
North Korea sending its performance art group to the
Winter Olympics in South Korea, the unification
ministry said in a statement, Reuters reported.
 India’s industrial output hit a 25-month in November,
soaring 8.4 percent led by robust growth in
manufacturing, as well as inventory rebuilding after
the festive season. Manufacturing sector, which
accounts for more than three-fourths of the entire
index, grew 10.2 percent in November.
RECOMMENDATIONS [FUTURE]
1.ESCORTS [FUTURE ]
This particular counter is getting a continuos support at its
crucial support level around 806 and 800, as per the daily
chart it has made a hanging man candle at its resistance
level but as per the hourly candle its getting rejection from
its support level of 806.70 however the market may push it
towards its another support level of 800 so buy on dip would
be good to follow so we advice to BUY ESCORTS future
around 800-803 tgt 810-820 sl below 795
2.VEDL[FUTURE]
This particular counter is getting a continuos support at its
crucial support level around 333-334, as per the daily chart it
has made a spinning top candle at its specified support level
since its rebounding from its support levelcontinuosly so buy
on dip would be good to follow so we advice to BUY VEDL
future around 331-333 tgt 337-341 sl below 328

3. _____________________________________________________________________________________________________________________
Special Report
15-Jan-2017
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 10,700 65.4 2,97,323 43,12,425
NIFTY CE 10,800 25.35 2,08,489 35,46,525
BANKNIFTY CE 25,800 74.25 2,03,460 3,78,240
TCS CE 2,800 27 10,123 4,96,250
TCS CE 2,900 8.2 7,459 5,14,500
TCS CE 2,850 14.1 6,837 4,12,250
RELIANCE CE 960 18 6,438 28,06,000
MARUTI CE 9,600 129.05 5,701 1,26,150
MOST ACTIVE PUT OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 10,400 19.25 1,88,356 56,68,200
NIFTY PE 10,700 83.15 1,61,435 26,94,750
BANKNIFTY PE 25,500 50.35 1,51,198 3,26,600
TCS PE 2,700 15.3 6,680 3,40,750
TCS PE 2,750 30.1 5,425 2,03,750
TCS PE 2,600 5.45 3,690 2,81,000
TCS PE 2,650 8.15 3,626 2,67,000
INFY PE 1,060 17.55 3,521 7,21,800
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 15499 1364.01 30715 2550.35 210724 17231.70 -1186.3465
INDEX OPTIONS 823346 77515.62 808157 76152.80 868285 71026.77 1362.8216
STOCK FUTURES 110801 8477.41 108537 8324.67 964664 72580.18 152.7412
STOCK OPTIONS 85365 6434.83 86279 6473.92 100768 7887.32 -39.0882
290.1281
SELL
STOCKS IN NEWS
 HDFC board has approved to raise Rs 11,301 crore by
issuing 6.43 crore shares at Rs 1,726.05 per share to
investors.
 The National Company Law Tribunal has approved
the proposed merger between Idea Cellular and
Vodafone -- a move that brings both the companies
closer to culminating the deal.
NIFTY FUTURE
The Nifty50 index which opened at 10,637 slipped to an
intraday low of 10,612.35. It rose to a record high of
10,664.60 before closing the day 19 points higher at
10,651.According to Pivot charts, the key support level is
placed at 10,620.8, followed by 10,590.4. If the index
starts to move higher, key resistance levels to watch out
are 10,673.1 and 10,695.So we advise you to SELL
around 10660-10650 for the target of 10600-10550 with
SL of 10700.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10749.00 10715.00 10656.00 10622.00 10563.00
BANKNIFTY 25911.00 25830.00 25693.00 25612.00 25475.00

4. _____________________________________________________________________________________________________________________
Special Report
15-Jan-2017
COMMODITY ROUNDUP
Gold prices were trading lower in early deals on Wednesday
on account of subdued demand for the precious metal from
jewellers, industries and retailers.
According to markets experts, buoyant stocks markets also
impact the yellow metals' safe-haven appeal.
MCX Gold futures were trading 0.07 per cent, or Rs 19,
down at Rs 29,137 per 10 gram at around 10.15 am (IST).
On the other hand, silver was also trading in the red. MCX
Silver was down 0.16 per cent, or Rs 61, at Rs 38,784 per 1
kg at around the same time.
According to SMC Investments and Advisors, bullion counter
may trade on volatile path as movement of greenback and
political uncertainty in Europe to give further direction to
the prices.
Oil prices hit their highest levels since 2014 on Wednesday
due to ongoing production cuts led by OPEC as well as
healthy demand, although analysts cautioned that markets
may be overheating.
A broad global market rally, including stocks, has also been
fuelling investment into crude oil futures. US West Texas
Intermediate (WTI) crude futures were at $63.40 a barrel at
0100 GMT - 44 cents, or 0.7 per cent, above their last
settlement. They marked a December-2014 high of $63.53 a
barrel in early trading.
Brent crude futures were at $69.15 a barrel, 33 cents, or 0.5
per cent, above their last close. Brent touched $69.29 in late
Tuesday trading, its strongest since an intra-day spike in
May 2015 and, before that, in December 2014.
In an effort to prop up prices, the Organization of the
Petroleum Exporting Countries (OPEC) together with Russia
and a group of other producers last November extended an
output cut deal that was due to expire in March this year to
cover all of 2018. The cuts, which have mostly targeted
Europe and North America, was aimed at reducing a global
supply overhang that had dogged oil markets since 2014.
The American Petroleum Institute said late on Tuesday that
crude inventories fell by 11.2 million barrels in the week to
Jan. 5, to 416.6 million barrels.
Official US Energy Information Administration data is due at
1530 GMT on Wednesday. Amid the general bull-run, which
has pushed up crude prices by more than 13 per cent since
early December, there are indicators of an overheated
market.
In the United States, crude oil production is expected to
break through 10 million barrels per day (bpd) this month,
reaching levels only Russia and Saudi Arabia have.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD DEC ABOVE 29350 TGT 29400 29500 SL BELOW
29300
SELL GOLD DEC BELOW 29200 TGT 29150 29050 SL ABOVE
29250
SILVER
TRADING STRATEGY:
BUY SILVER DEC ABOVE 39100 TGT 39300 39600 SL BELOW
38900
SELL SILVER DEC BELOW 38750 TGT 38550 38250 SL ABOVE
38950

5. _____________________________________________________________________________________________________________________
Special Report
15-Jan-2017
NCDEX INDICES
Index Value % Change
Castor Seed 4120 -0.05
Chana 4151 3.44
Coriander 5652 -0.3
Cotton Seed Oilcake 1793 0.42
Guar Seed 10 MT 4300 0.16
Jeera 21455 2
Mustardseed 3854 0.78
Soy Bean 3213 -0.59
Turmeric 7620 0.63
Wheat 1695 1
RECOMMENDATIONS
DHANIYA
BUY CORIANDER DEC ABOVE 5700 TGT
5750 5850 SL BELOW 5650
SELL CORIANDER DEC BELOW 5600 TGT 5550 5450 SL
ABOVE 5650
GUARGUM
BUY GUARGUM5 DEC ABOVE 9420 TGT
9470 9570 SL BELOW 9370
SELL GUARGUM5 DEC BELOW 9220 TGT 9180 9080 SL
ABOVE 9270
NERL, a subsidiary of agri- commodity bourse NCDEX, today
said it has issued 31 electronic negotiable warehouse
receipts (eNWRs) since start of its operations in September
2017.
Warehouse receipts are made negotiable under the
Warehouse (Development and Regulation) Act, 2007, and
regulated by the Warehousing Development and Regulatory
Authority. Warehouse receipts are issued in negotiable
form, making them eligible as collateral for loans.
In a statement, National e-Repository Limited (NERL) said
that it has issued total 31 eNWRs between September 26
and December of 2017 for a total 324 tonnes of
commodities.
Out of which, 28 eNWRs were generated in December
2017, it said adding that the response it has received has
been encouraging from agri-participants in just three
months.
NERL also mentioned that the industry regulator WDRA
was working towards mandating only electronic receipts for
its registered warehouses and the decision could be taken
in a couple of months.
Jeera futures prices have started cooling after hitting a high
of Rs 221per kg as sowing acreage increased significantly in
the chief producing region of Gujarat.
January futures prices ruled around Rs 216 per kg on the
National Commodity and Derivatives Exchange (Ncdex) on
Monday. The high prices had impacted the export demand.
The futures prices had been hovering around Rs 218 per kg
for the past couple of weeks.

6. _____________________________________________________________________________________________________________________
Special Report
15-Jan-2017
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 63.5263 Yen 57.0900
Euro 76.5301 GBP 86.0527
EUR/INR
BUY GBP/INR ABOVE 87.00 TGT 87.10-87.20 SL 86.90
SELL GBP/INR BELOW 86.00 TGT 85.90-85.80 SL 86.10
USD/INR
BUY USD/INR ABOVE 64.00 TGT 64.10-64.20 SL 63.90
SELL USD/INR BELOW 63.50 TGT 63.40-63.30 SL 63.60
The rupee moved up 7 paise to 63.59 against the dollar in
early session on Friday, helped by selling of the American
currency by banks and exporters. The local currency on
Thursday had settled 6 paise down at 63.66. Foreign
portfolio investors (FPIs) sold shares worth a net Rs 623.63
crore on Thursday, as per provisional data released by
stock exchanges.
Meanwhile, domestic stock markets opened in the green
following strong global cues. The BSE Sensex was trading
up 99 points, or 0.29 per cent, at 34,602 at around 9.25 am
(IST) while the NSE Nifty rose 32.25 points, or 0.30 per
cent, to 10,683 at around the same time. Government
bonds were little changed on January 11 as sentiment
turned bearish amid higher oil prices and lower
expectations on rate cuts in the near future.
The GoI benchmark 7.17 per cent, 2028 bond yield
remained unchanged at 7.26 per cent in the previous
session. Asian currencies were broadly firmer on Friday, as
the dollar slumped in the wake of weak factory inflation
data and hawkish comments from the European Central
Bank. The euro firmed against the dollar on Thursday after
minutes of the ECB's December meeting suggested that
policymakers could soon start preparing markets for the
end of the central bank's massive stimulus scheme.
Meanwhile,US producer prices in December fell for the
first time in nearly 1.5 years amid declining costs for
services, which could temper expectations that inflation
will accelerate in 2018. That further added to weakness in
the dollar. .

7. _____________________________________________________________________________________________________________________
Special Report
15-Jan-2017
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target
Stop
Loss
Remark
12/01/18 NCDEX DHANIYA DEC. BUY 5700 5750 5850 5650 NOT EXECUTED
12/01/18 NCDEX DHANIYA DEC. SELL 5600 5550 5450 5650 TARGET HIT
12/01/18
NCDEX
GUARGUM
DEC. BUY 9120 9170 9270 9070 TARGET HIT
12/01/18
NCDEX
GUARGUM
DEC. SELL 9000 8950 8850 9050 SL TRIGGRED
12/01/18 MCX GOLD FEB. BUY 29350 29400 29500 29300 NOT EXECUTED
12/01/18 MCX GOLD FEB. SELL 29200 29150 29050 29250 NOT EXECUTED
12/01/18 MCX SILVER MAR. BUY 39100 39300 39600 38900 NOT EXECUTED
12/01/18 MCX SILVER MAR. SELL 38750 38550 38250 38950 SL TRIGGERED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
12/01/18 NIFTY FUTURE BUY 10600-10620 10650-10700 10550 OPEN
12/01/18 JUSTDIAL FUTURE SELL 602-600 594-590 606 SL TRIGGRED
12/01/18 DLF FUTURE BUY 275 280-285 270 OPEN
12/01/18 EROSMEDIA CASH BUY 258 262-268 254 SL TRIGGRED

8. _____________________________________________________________________________________________________________________
Special Report
15-Jan-2017
NEXT WEEK'S U.S. ECONOMIC REPORTS
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Disclaimer
TIME REPORT PERIOD ACTUAL
CONSENSUS
FORECAST
PREVIOUS
MONDAY, JAN. 15
None scheduled
Martin Luther King Jr. Day
TUESDAY, JAN. 16
8:30 am Empire state index Jan. -- 18.0
WEDNESDAY, JAN. 17
9:15 am Industrial production Dec. 0.5% 0.2%
9:15 am Capacity utilization Dec. 77.4% 77.1%
10 am Home builders' index Jan. -- 74
2 pm
THURSDAY
, JAN. 18
THURSDAY, JAN. 18
THURSDAY,
JAN. 18
THURSDAY, JAN. 18
THURSDAY,
JAN. 18
THURSD
AY, JAN.
18
8:30 am Weekly jobless claims 1/13 250,000 261,000
8:30 am
8:30 am Building permits Dec. -- 1.303mln
10 am Philly Fed Jan. -- 26.2