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1. _____________________________________________________________________________________________________________________
Special Report
18 Dec-2017
Global markets at a glance
Wall Street’s three major indexes climbed to record closing
highs on Friday with broad-based gains as a long-awaited
bill to cut corporate tax rates looked like it would win
enough support from lawmakers to pass.
US congressional Republicans were expected to release
final details of their plan late on Friday, with decisive votes
planned for next week after lawmakers who had previously
criticized the bill started to voice their support.
Republican Senator Bob Corker joined Senator Marco Rubio
in signaling support in the late afternoon. Rubio had
criticized the initial proposal, saying it did not give enough
tax relief to working families, while Corker, had expressed
concerned about the bill’s impact on the federal deficit.
The bill is expected to drop corporate tax rates to 21
percent from 35 percent and some investors are betting
that companies will put most of the savings toward a boost
in shareholder payouts.
Most major Asian indexes on Monday were given a boost
by investor optimism that a plan to reduce corporate taxes
would be passed stateside.
Japan's Nikkei 225 added 1.15 percent early in the session
as trading houses and banks rose. Tech and automaker
blue-chips also saw gains. Toyota rose 2.37 percent, Sony
gained 2.22 percent and SoftBank climbed 1.14 percent.
Korea's Kospi came under slight pressure, trading 0.08
percent under the flat line. Steelmakers traded lower, with
Posco and Hyundai Steel down 3.6 percent and 4.68
percent, respectively, even though Samsung Electronics
inched higher by 0.36 percent.
Shares of automakers underperformed the broader Kospi
index, with Hyundai Motor off 0.32 percent. Yonhap news
reported last Friday that Hyundai workers at the
automaker's Ulsan factories would be on strike on Monday
and Tuesday after the company failed to meet their
demands for a raise in wages.
Previous day Roundup
The index opened at 10,229 and rose to an intraday high of
10,276. It slipped to an intraday low of 10,141 before
closing the day at 10,252, up 59 points.
According to Pivot charts, the key support level is placed at
10,170.37, followed by 10,088.63. If the index starts to
move higher, key resistance levels to watch out are
10,304.97 and 10,357.83.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Consumer Durables [359.02 ],
CapitalGoods[ 209.12pts],PSU[ 41.67pts],FMCG
[35.36pts],Realty[45.81 pts],Power[9.21pts],Auto
[ 335.21 pts],Healthcare[58.14pts],IT[40.97 pts],Metal
[379.91 pts],TECK[ 15.44pts], Oil& Gas [ 58.62 pts].
World Indices
Index Value % Change
DJI 24,651.74 0.58
S&P500 2,687.00 0.19
NASDAQ 6517.51 0.79
FTSE100 7,490.57 0.57
NIKKEI 22,861.96 1.35
HANG SENG 28,962.89 0.40
Top Gainers
Company CMP Change % Chg
Vedanta 298.00 13.45 4.73
Yes Bank 315.90 12.00 3.95
M&M 1,483.40 51.80 3.62
Coal India 271.00 8.15 3.10
Hindalco 242.75 6.35 2.69
Top Losers
Company CMP Change % Chg
Tech Mahindra 500.75 -13.50 -2.63
Cipla 576.45 -14.00 -2.37
Bosch 19,730.30 -149.90 -0.75
ONGC 183.00 -1.35 -0.73
Power Grid Corp 198.85 -1.25 -0.62
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
ADVANIHOTR 74.2 5.4 7.28
ARCHIES 36.2 3.55 9.81
ASIANHOTNR 151.15 7.8 5.16
ASIANTILES 502.35 23.65 4.71
ATFL 664.55 60.8 9.15
AVTNPL 56.6 -0.15 -0.27
BALKRISIND 2445.55 53.45 2.19
Indian Indices
Company CMP Change % Chg
NIFTY 10333.30 81.20 0.79
SENSEX 33462.97 216.27 0.65
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
BHARATIDIL 5.7 -0.25 -4.39
DENABANK 24.25 -0.2 -0.82
DNAMEDIA 8.2 -0.4 -4.88

2. _____________________________________________________________________________________________________________________
Special Report
18 Dec-2017
STOCK RECOMMENDATION [CASH]
BAJFINANCE [CASH]
The particular counter is making a falling wedge pattern ,
after consolidating in a range the stock has given a
breakout , the stock is trading between its 9 & 26 period
high low moving average the if today it crosses its crucial
reistance level of 1730 then its surely a buy so we advice
to BUY BAJFINANCE above 1730 tgt 1760-1780 sl 1720.
MACRO NEW
 Japan's Nikkei 225 added 1.15 percent early in the
session as trading houses and banks rose. Tech and
automaker blue-chips also saw gains. Toyota rose 2.37
percent, Sony gained 2.22 percent and SoftBank
climbed 1.14 percent.Korea's Kospi came under slight
pressure, trading 0.08 percent under the flat line.
Steelmakers traded lower, with Posco and Hyundai
Steel down 3.6 percent and 4.68 percent, respectively,
even though Samsung Electronics inched higher by
0.36 percent.Shares of automakers underperformed
the broader Kospi index, with Hyundai Motor off 0.32
percent. Yonhap news reported last Friday that
Hyundai workers at the automaker's Ulsan factories
would be on strike on Monday and Tuesday after the
company failed to meet their demands for a raise in
wages.
 In Sydney, the S&P/ASX 200 gained 0.64 percent as
resource stocks gave a boost to the overall index. Rio
Tinto climbed 0.98 percent and Fortescue Metals rose
1.75 percent. Banking shares were also higher on
Monday, with ANZ rising 1.91 percent after the bank
announced it would buy back up to USD 1.5 billion
shares on-market.
 US stocks closed at record levels, with the Dow Jones
industrial average gaining 0.58 percent, or 143.08
points, to close at 24,651.74.The dollar held onto gains
made in the last session. The dollar index, which tracks
the greenback against a basket of six currencies, rose
as high as 93.997 on Friday. At 8:26 a.m. HK/SIN, the
dollar index stood at 94.010.
RECOMMENDATIONS [FUTURE]
1. BAJFINANCE [FUTURE ]
The particular counter is making a falling wedge pattern ,
after consolidating in a range the stock is prepared to give a
breakout , the stock is trading between its 9 & 26 period
high low moving average the if today it crosses its crucial
reistance level of 1730 then its surely a buy so we advice to
BUY BAJFINANCE future above 1730 tgt 1750-1770 sl 1720
2.HINDALCO [FUTURE]
HINDALCO has closed just above its support level of 236, in
the hourly chart the particular counter is making bullish
pennant pattern , but the only reistance which may act as a
hurdle is 244 in spot and 244.80 in futures, since the metal
sector is also looking strong and is prepared for a reversal so
buy on high would be good to follow so BUY APOLLOTYRE
FUTURE above 244.80 tgt 249-252 sl below 241.

3. _____________________________________________________________________________________________________________________
Special Report
18 Dec-2017
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 10,300 150 1,14,298 31,41,975
NIFTY CE 10,700 14.3 1,06,339 36,00,225
BANKNIFTY CE 26,000 62.3 1,04,915 5,93,400
VEDL CE 300 8.35 5,911 23,03,000
RELIANCE CE 940 16.55 5,499 33,82,000
HDFCBANK CE 1,900 16.5 4,439 8,92,000
VEDL CE 310 4.8 4,026 27,07,250
RELIANCE CE 960 10.55 3,953 34,41,000
MOST ACTIVE PUT OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 9,900 24.2 90,934 28,74,225
BANKNIFTY PE 25,000 80.15 88,958 3,83,480
NIFTY PE 9,800 18.75 81,639 47,37,750
BANKNIFTY PE 25,200 118.85 60,268 99,960
RELIANCE PE 920 20.05 3,100 13,40,000
VEDL PE 290 5.35 2,535 12,63,500
INFY PE 1,000 11 2,485 5,20,500
MARUTI PE 9,000 73 2,470 97,350
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 24151 2029.81 33072 2690.98 206006 16657.98 -661.1684
INDEX OPTIONS 1060840 93937.60 1081741 95676.24 1211760 95868.40 -1738.64
STOCK FUTURES 111118 7658.35 101779 7047.18 1047516 72653.08 611.1675
STOCK OPTIONS 85257 6227.32 85690 6247.01 68277 4911.66 -19.6943
-1808.3352
SELL
STOCKS IN NEWS
 Indiabulls Real Estate announces Mandarin Oriental
Hotel Group as its hotel partner for their residential
development, Hanover Bond
 Aurobindo, DRL lead race to buy orchid
NIFTY FUTURE
As per the exit polls,the BJP is leading in several seats
(around 55)in the Patidar heartland, where the Congress
(leading around 33 seats) was hoping to turn the tide
with Hardik Patel's support. Still the trader have caution
while trader , the actual clarity will come in the market
after the results of the Gujrat elections so we have to
wait for the second have for opportunity to bid till then
buy on high would be good to follow so we advice to
BUY NIFTY FUTURE around 10400 –10420 tgt 10480-
10520 sl 10350.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10395.00 10364.00 10341.00 10310.00 10287.00
BANKNIFTY 25618.00 25529.00 25470.00 25381.00 25322.00

4. _____________________________________________________________________________________________________________________
Special Report
18 Dec-2017
COMMODITY ROUNDUP
Gold futures traded higher on MCX as participants created
fresh positions due to a firm trend overseas, where gold
inched up as the dollar was nearly unchanged after
tumbling in the previous session following the US Federal
Reserve’s widely expected decision to raise interest rates.
The contract for February delivery was trading at Rs
28350.00, up by 0.55% or Rs 155.00 from its previous
closing of Rs 28195.00. The open interest of the contract
stood at 7344 lots.
The contract for April delivery was trading at Rs 28380.00,
up by 0.52% or Rs 148.00 from its previous closing of Rs
28232.00. The open interest of the contract stood at 1022
lots on MCX.
Comex gold futures rose 0.74% to $1,257.80 a troy ounce as
of 4:57 AM ET (09:57 AM GMT).
The Federal Open Market Committee on Wednesday raised
rates for the third time in 2017 as expected, forecasting
further rate hikes despite concerns over the slowing pace of
inflation.
Gold is sensitive to rising rates, which increase the
opportunity cost of holding non-yielding assets such as
bullion, while boosting the dollar, in which it is priced.
Fed officials also hiked their projection for economic growth
in 2017 to 2.5%, while growth in 2018 was expected to rise
to 2.5%, a 0.4% increase from the Fed’s September
projection.
Gold was also bolstered by comments from U.S. President
Donald Trump, who said he hopes to sign the tax reform bill
“in a very short period of time." The highly anticipated bill
will cut corporate taxes from 20% from 35%, which
investors believe would help companies invest more and
boost the economy.
Meanwhile the U.S. dollar index, which measures the
greenback against a basket of six major currencies, inched
forward 0.06% to 93.46.
Tepid inflation data has put pressure on the greenback, as
investors lower their expectations for a faster pace of rate
hikes next year.
The Labor Department said on Wednesday its Consumer
Price index rose 0.4% in November. However, year-over-
year core inflation was below expectations, rising just 1.7%.
Elsewhere on the Comex, silver futures surged 1.24% to
$16.065 a troy ounce. Among other precious metals,
platinum rose 0.97% to $883.85, while palladium were
down 0.21% to $1,001.92 an ounce.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD DEC ABOVE 28370 TGT 28420 28520 SL BELOW
28270
SELL GOLD DEC BELOW 28170 TGT 28120 28020 SL ABOVE
28270
SILVER
TRADING STRATEGY:
BUY SILVER DEC ABOVE 37200 TGT 37400 37700 SL BELOW
37000
SELL SILVER DEC BELOW 36600 TGT 36400 36000 SL ABOVE
36800

5. _____________________________________________________________________________________________________________________
Special Report
18 Dec-2017
NCDEX INDICES
Index Value % Change
Castor Seed 4434 -0.76
Chana 3835 -1.34
Coriander 5355 -1.16
Cotton Seed Oilcake 1699 1.43
Guar Seed 10 MT 3858 0.05
Jeera 21250 -0.7
Mustardseed 3950 -0.43
Soy Bean 3011 0.5
Turmeric 7200 0.76
Wheat 1671 -0.12
RECOMMENDATIONS
DHANIYA
BUY CORIANDER DEC ABOVE 5550 TGT 5600 5700 SL
BELOW 5500
SELL CORIANDER DEC BELOW 5400 TGT 5350 5250 SL
ABOVE 5450
GUARGUM
BUY GUARGUM5 DEC ABOVE 8560 TGT 8610 8710 SL
BELOW 8510
SELL GUARGUM5 DEC BELOW 8460 TGT 8410 8310 SL
ABOVE 8510
Barley futures slumped on NCDEX, as market players
curtailed their bets amid eased demand and increase in
supply from producing belts amid ample stocks. Further,
expectations about harvesting larger crops in forthcoming
season has dragged the price further.
The contract for April delivery was trading at Rs
1487.00, down by 3.91% or Rs 60.5 from its previous closing
of Rs 1547.50. The open interest of the contract stood at 80
lots on NCDEX.
Cardamom futures traded mixed on MCX. January contract
traded lower as traders locked in thier prevailing profits,
while December contract improved on fresh buying by
participants amid firm demand in domestic as well as
overseas market. Moreover, tight supplies from the major
producing regions too supported the uptrend in cardamom
prices.
The contract for January delivery was trading at Rs 1072.00,
down by 0.09 % or Rs 1.00 from its previous closing of Rs
1073.00. The open interest of the contract stood at 391
lots.
The contract for December delivery was trading at Rs
1010.00, up by 2.01% or Rs 19.90 from its previous closing
of Rs 990.10. The open interest of the contract stood at 40
lots on MCX.
Coriander futures edged higher on NCDEX as speculators
created fresh positions, tracking pickup in demand at the
spot market. Besides, tight stock positions following
restricted arrivals from major growing regions also added
support to coriander futures.
The contract for December delivery was trading at Rs
5431.00, up by 0.24% or Rs 13.00 from its previous closing
of Rs 5418.00. The open interest of the contract stood at
570 lots.

6. _____________________________________________________________________________________________________________________
Special Report
18 Dec-2017
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 64.2798 Yen 57.0600
Euro 75.9980 GBP 86.3535
GBP/INR
BUY GBP/INR AROUND 87.00 TGT 87.10-87.20 SL 86.90
SELL GBP/INR ABOVE 86.00 TGT 85.90-85.80 SL 86.10
EUR/INR
BUY EUR/INR ABOVE 76.80 TGT 76.90-77.00 SL 76.70
SELL EUR/INR BELOW 75.80 TGT 75.70-75.60 SL 75.90
The dollar remained moderately lower against other major
currencies on Friday, amid fresh concerns over U.S. tax
reform plans and as the Federal Reserve's most recent
policy statement continued to weigh.
The greenback came under pressure after two U.S.
Republican senators on Thursday sought changes to the
proposed U.S. tax reform bill.
The bill needs a simple majority to pass in the Senate, in
which Republicans hold just 52 of the 100 seats.
On Wednesday, the Fed raised interest rates by 0.25 basis
points to 1.50% at the conclusion of its policy meeting, in
line with expectations.
However, the central bank did not change its projections
for 2018, which include three more interest rate hikes in
both 2018 and 2019, disappointing expectations for four
rate hikes next year.
The U.S. dollar index, which measures the greenback’s
strength against a trade-weighted basket of six major
currencies, was down 0.17% at 93.48 by 05:15 a.m. ET
(09:15 GMT).
The euro edged higher, with EUR/USD up 0.17% at 1.1798,
while GBP/USD held steady at 1.3423.
Sentiment on the single currency remained fragile after the
European Central Bank kept monetary policy on hold on
Thursday and revised up its forecast for growth and
inflation, but added that underlying inflation remains
subdued.

7. _____________________________________________________________________________________________________________________
Special Report
18 Dec-2017
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target
Stop
Loss
Remark
15/12/17 NCDEX DHANIYA DEC. BUY 5550 5600 5700 5500 TARGET HIT
15/12/17 NCDEX DHANIYA DEC. SELL 5400 5350 5250 5450 TARGET HIT
15/12/17
NCDEX
GUARGUM
DEC. BUY 8560 8610 8710 8510 TARGET HIT
15/12/17
NCDEX
GUARGUM
DEC. SELL 8460 8410 8310 8510 NOT EXECUTED
15/12/17 MCX GOLD FEB. BUY 28370 28420 28520 28270 NOT EXECUTED
15/12/17 MCX GOLD FEB. SELL 28170 28120 28020 28270 NOT EXECUTED
15/12/17 MCX SILVER MAR. BUY 37200 37400 37700 37000 NOT EXECUTED
15/12/17 MCX SILVER MAR. SELL 36600 36400 36000 36800 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
15/12/17 NIFTY FUTURE BUY 10315-10320 10250-10200 10360 NOT EXECUTED
15/12/17 WOCKPHARM FUTURE BUY 763 770-777 755 1ST TGT HIT
15/12/17 SUNTV FUTURE BUY 923 930-940 915 SL TRIGGRED
15/12/17 KOLTEPATIL FUTURE SELL 345 340-335 350 NOT EXECUTED

8. _____________________________________________________________________________________________________________________
Special Report
18 Dec-2017
NEXT WEEK'S U.S. ECONOMIC REPORTS
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Disclaimer
TIME REPORT PERIOD ACTUAL
CONSENSUS
FORECAST
PREVIOUS
MONDAY, DEC. 25
None scheduled
Christmas Day
TUESDAY, DEC. 26
9 am Case-Shiller home prices Oct. 6.2%
WEDNESDAY, DEC. 27
10 am Consumer confidence index Dec. 129.5
10 am Pending home sales Nov. 3.5%
THURSDAY
, DEC. 28
THURSDAY, DEC. 28
THURSDAY,
DEC. 28
THURSDAY, DEC. 28
THURSDAY,
DEC. 28
THURSD
AY, DEC.
28
8:30 am
8:30 am Advance trade in goods Nov.
-
$68.3bln
9:45 am Chicago PMI Dec. 63.9
FRIDAY, DEC. 29
None scheduled