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1. _____________________________________________________________________________________________________________________
Special Report
19 Jan-2018
Global markets at a glance
Wall Street paused its rally on Tuesday, weighed down by
weakness in General Electric shares and as lower oil prices
dragged down the energy sector.
The energy sector fell 1.2 percent as Brent crude oil shed
some of its recent gains, falling nearly USD 1 per barrel.
Industrials and materials were the other major laggards on
the S&P, down 0.9 percent and 1.2 percent, respectively.
General Electric fell 2.9 percent after raising the prospect
of breaking itself up and announcing more than USD 11
billion in charges from its long-term care insurance
portfolio and new US tax laws.
Asian stocks were near record highs on Thursday, with a
rally by Wall Street supporting bullish investor sentiment,
while the dollar pulled back from three-year lows as the
euro's recent rally lost steam.
MSCI's broadest index of Asia-Pacific shares outside Japan
was 0.16 percent higher at 595.53, near the previous day's
record high of 595.80.
Australian stocks rose 0.2 percent, South Korea's KOSPI
added 0.6 percent and Japan's Nikkei climbed 0.9 percent
to reach its highest level since late 1991.
US stocks jumped on Wednesday and the Dow closed
above 26,000 for the first time as investors' expectations
for higher earnings lifted stocks across sectors..
Optimism over prospects for sustained strong global
growth and improved corporate earning shave helped
share markets rally at the start of 2018.
"Events related to North Korea pose potential risks, but
there are very few factors holding equities back at the
moment," said Junichi Ishikawa, senior FX strategist at IG
Securities in Tokyo.
Previous day Roundup
The Nifty, which opened with a strong gap, failed to hold
the momentum as traders preferred to book profits in the
afternoon session on Thursday. The index closed above its
crucial psychological support level of 10,800, forming a
bullish candle.
The Nifty, which opened at 10,873.40, rose to a record high
of 10,887.50. But soon, profit booking gripped markets and
took the index to intraday low of 10,782 before closing the
day 28 points higher at 10,817.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Consumer Durables [ -241.51 ],
CapitalGoods[ -125.57pts],PSU[-152.6pts],FMCG
[ 79.15pts],Realty[-109.77pts],Power[ -43.13 pts],Auto[ -
57.22 pts],Healthcare[ -168.93 pts],IT[ 16.23 pts],Metal
[ -447.33pts],TECK[ -16.86pts], Oil& Gas [ -220.70pts].
World Indices
Index Value % Change
DJI 24,017.00 -0.37
S&P500 2,793.50 -0.11
NASDAQ 6,806.00 -0.10
FTSE100 7,700.96 -0.32
NIKKEI 22,836.84 0.31
HANG SENG 32,148.00 0.08
Top Gainers
Company CMP Change % Chg
ITC 273.40 7.35 2.76
UPL 800.50 19.75 2.53
HDFC Bank 1,934.30 43.80 2.32
HDFC 1,896.80 38.45 2.07
Kotak Mahindra 1,046.50 19.40 1.89
Top Losers
Company CMP Change % Chg
Bharti Infratel 343.80 -22.30 -6.09
Adani Ports 416.25 -17.15 -3.96
Hindalco 253.90 -8.85 -3.37
UltraTechCement 4,408.65 -135.60 -2.98
Tata Steel 751.75 -22.25 -2.87
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
21STCENMGM 36.05 0.7 1.94
ADANIENT 204.55 -11.55 -5.65
ADANITRANS 231.1 -5.1 -2.21
AHLEAST 346.55 -24.55 -7.08
AICHAMP 36.65 -1.8 -4.91
ANDHRSUGAR 665.15 -7.15 -1.07
APLAPOLLO 2341.2 11.05 0.47
ARVSMART
Indian Indices
Company CMP Change % Chg
NIFTY 10817.00 28.50 0.26
SENSEX 35260.29 178.47 0.51
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
BALRAMCHIN 131.25 -4.55 -3.47
CLEDUCATE 280.55 -0.85 -0.3
GUJNRECOKE 1.4 -0.05 -3.57

2. _____________________________________________________________________________________________________________________
Special Report
19 Jan-2018
STOCK RECOMMENDATION [CASH]
BEL [CASH]
This particular conter is moving in range between 109-96
on the downside there is crucial suipport level at 96 and
below its 94 on the upside there is major reistance level of
109 which is acting as a hurdle fot its breakout so buy on
high strategy would be good to follow so we advice to sell
sreinfra around 109 tgt 106-102 sl above 111.5
MACRO NEW
 Trends on SGX Nifty indicate a positive opening for the
broader index in India, a rise of 13 points or 0.12
percent. Nifty futures were trading around 10,824-
level on the Singaporean Exchange.
 The GST Council on Thursday took key decisions to
revise rates of 29 goods and 53 services and introduce
‘anti-evasion measures’ to take care of faltering
indirect tax revenue.Rates of goods such as bio-diesel,
packaged drinking water, drip, irrigation system, bio-
pesticides, among others have been brought down to
12 percent from 18 percent. Diamonds and precious
stones will now attract 0.25 percent GST instead of 3
percent, while vibhuti and de-oiled brown rice will
attract nil tax.
 NITI Aayog CEO Amitabh Kant on Thursday said
physical banks in India will be irrelevant in the next 3
years as data consumption growth and data analytics
are likely to further boost financial inclusion."Days of
physical bank will be over.India will throw huge
amount of data," Kant said, adding data analytics
would boost financial inclusion in the country.
 The initial public offering of Amber Enterprises, the
manufacturer of air-conditioners, was subscribed 3.61
times on the second day of bidding on Thursday. The
IPO to raise Rs 600 crore received bids for 1,77,83,666
shares against the total issue size of 49,27,351 shares,
NSE data showed.Edelweiss Financial Services, IDFC
Bank, SBI Capital Markets and BNP Paribas are
managing the company's IPO.
RECOMMENDATIONS [FUTURE]
1. AUROPHARMA [FUTURE ]
AUROPHARMA is continuosly fallling but even due to the
market weakness there is crucial support level around 635-
638 from where its bouncing back, buy on dip strategy
would be good to follow so we recommend to buy
Auropharma future around 638-640 tgt 645-650 sl below
635
2.HDIL [FUTURE]
HDIL future fell down around 6% , the particular counter is
getting continuos support at its support level of 59 were the
kijun is resisting today if market supports then buy on dip
would be good to follow so we advice to buy HDIL future
around 59.50-60 tgt 63-65 sl below 57.50

3. _____________________________________________________________________________________________________________________
Special Report
19 Jan-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 27,100 0.05 3,53,185 6,35,720
NIFTY CE 10,800 61.2 3,36,167 51,18,600
NIFTY CE 11,000 8.25 3,22,227 62,26,650
MARUTI CE 9,500 97 8,835 1,47,675
YESBANK CE 360 4.5 8,502 27,86,000
MARUTI CE 9,600 67 8,017 1,50,375
YESBANK CE 350 7.2 7,755 25,34,000
SBIN CE 310 3.55 6,272 64,14,000
MOST ACTIVE PUT OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY PE 26,300 0.05 4,21,546 5,62,440
NIFTY PE 10,700 27.6 3,86,551 60,28,350
BANKNIFTY PE 26,800 230.25 3,15,648 5,680
YESBANK PE 340 5.95 4,639 9,83,500
YESBANK PE 330 3.05 4,133 13,40,500
SBIN PE 300 3.5 3,873 38,76,000
YESBANK PE 320 1.45 3,722 11,32,250
TATASTEEL PE 750 11.95 3,443 4,64,000
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 26568 2294.88 33018 2962.06 259721 21782.95 -667.1755
INDEX OPTIONS 982055 90685.11 975598 90119.16 1012199 84266.79 565.9472
STOCK FUTURES 173987 13324.94 150636 11448.52 998342 75290.95 1876.4182
STOCK OPTIONS 148905 11596.90 149551 11662.44 120237 9404.71 -65.5379
1709.652
SELL
STOCKS IN NEWS
 IL&FS Transportation to issue Rs20bn masala
bondsBiocon Signs Exclusive Deal With Sandoz For
Next-gen Biosimilars
 Torrent Pharma acquires Bio-Pharm Inc, a generic
pharma and OTC company
NIFTY FUTURE
The Nifty, which opened at 10,873.40, rose to a record
high of 10,887.50. But soon, profit booking gripped
markets and took the index to intraday low of 10,782
before closing the day 28 points higher at
10,817.According to Pivot charts, the key support level is
placed at 10,770.43, followed by 10,723.87. If the index
starts to move higher, key resistance levels to watch out
are 10,875.53 and 10,934.07.so we advice to Buy nifty
future around 10770 tgt 10810-10860 sl below 10720.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10933.00 10875.00 10828.00 10770.00 10723.00
BANKNIFTY 27079.00 26808.00 26615.00 26344.00 26151.00

4. _____________________________________________________________________________________________________________________
Special Report
19 Jan-2018
COMMODITY ROUNDUP
Gold slipped on Thursday, hitting its lowest in nearly a
week, as the dollar edged higher from three-year lows on
stronger-than-expected US economic data.
Spot gold was down 0.1 per cent at $1,326.11 per ounce as
of 0726 GMT. Earlier in the session, it touched its lowest
since Jan. 12 at $1,323.70.
In the previous session, it fell 0.8 per cent, posting its worst
one-day per centage decline since Dec. 7.
US gold futures for February delivery slipped 0.9 per cent to
$1,326.60 per ounce.
"The metal looks well supported at $1,325 (an ounce) and
below that we can expect plenty of buying interest ahead of
$1,300," said MKS PAMP Group trader Tim Brown in a note.
"On the upside, first resistance should be at the four month
high of $1,344 and the $1,350 level after that."
Gold and silver were trading higher in early trade on
Tuesday on account of buying in precious metals by
jewellers, industries and retailers.
MCX Gold futures were trading 0.13 per cent up at Rs
29,792 per 10 gram at around 10.35 am (IST), while MCX
Silver futures were up 0.17 per cent at Rs 39,638 per 1 kg at
around the same time.
Gold imports increased by 71.52 per cent to $3.39 billion in
December because of weak global prices and higher
domestic demand.
According to the commerce ministry's data released on
Monday, silver imports too jumped by 106 per cent to
$197.26 million last month as against $95.84 million in
December 2016.
Gold imports by India, the world's second-biggest consumer
of gold, stood at $3.39 billion in December 2017 as against
$1.97 billion a year ago.
Likewise, the metal for delivery in January edged up by Rs
1.80, or 0.24 per cent, to Rs 759.10 per kg in 47 lots.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD FEB ABOVE 29750 TGT 29800 29000 SL BELOW
29700
SELL GOLD FEB BELOW 29600 TGT 29550 29450 SL ABOVE
29650
SILVER
TRADING STRATEGY:
BUY SILVER MAR ABOVE 39200 TGT 39400 39700 SL
BELOW 39000
SELL SILVER MAR BELOW 38800 TGT 38600 38300 SL
ABOVE 39000

5. _____________________________________________________________________________________________________________________
Special Report
19 Jan-2018
NCDEX INDICES
Index Value % Change
Castor Seed 3970 -0.75
Chana 4060 -1.29
Coriander 5280 -2.67
Cotton Seed Oilcake 1758 -0.45
Guar Seed 10 MT 4247 -1.01
Jeera 20830 -1.07
Mustardseed 3813 -0.13
Soy Bean 3338 0.21
Turmeric 7536 -0.37
Wheat 1670 0
RECOMMENDATIONS
DHANIYA
BUY CORIANDER APR ABOVE 5790 TGT
5840 5940 SL BELOW 5740
SELL CORIANDER APR BELOW 5670 TGT 5580 5480 SL
ABOVE 5720
GUARGUM
BUY GUARGUM5 FEB ABOVE 9270 TGT
9320 9520 SL BELOW 9220
SELL GUARGUM5 FEB BELOW 9080 TGT 9030 8930 SL
ABOVE 9130
Mentha oil prices rebounded 1.03 per cent to Rs 1,645.10
per kg in futures market today as speculators built up fresh
positions amid pick-up in demand in domestic spot market.
Besides, tight stocks position on restricted arrivals from
major producing belts of Chandausi, too fuelled the
uptrend.
Cardamom prices drifted 0.89 per cent lower to Rs 1,096
per kg in futures trade today as traders trimmed holdings
amid easing demand in the spot market
Crude palm oil prices gained 0.25 per cent to Rs 561.30 per
10 kg in futures trade today as speculators engaged in
enlarging positions, tracking a firm trend at spot market on
rising demand.
The Agriwatch Agri Commodities Index rose 0.55 per cent
to 108.28 during the week ended January 13, 2018 from
107.69 during the previous week as potato and onion prices
recovered while oilseeds and edible oils posted gains.
Pulses still remain weak while sugar eased further.
The base for the Index and all sub-Indices is 2014 (= 100).
Five of the nine commodity group sub-Indices and 16 of the
29 individual commodity sub-Indices gained during the
week.
The commodity group sub-Index values and their weekly
changes are: Cereals: 109.82 (-0.06 per cent), Pulses: 108.82
(-1.31p er cent), Onion & Potato: 141.60 (+9.44 per cent),
Edible Oils: 108.00 (+0.58 per cent), Oilseeds: 96.52 (+2.10
per cent), Spices: 110.56 (+1.26 per cent), Sweeteners:
106.75 (-0.40 per cent), Fibres: 104.51 (+0.36 per cent) and
Other Non-Food Articles: 88.01 (-0.36 per cent).

6. _____________________________________________________________________________________________________________________
Special Report
19 Jan-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 63.8431 Yen 57.4100
Euro 77.8822 GBP 88.2822
GBP/INR
BUY GBP/INR AROUND 88.70 TGT 88.80-88.90 SL 88.60
SELL GBP/INR BELOW 88.00 TGT 87.90-87.80 SL 88.10
USD/INR
BUY USD/INR ABOVE 64.10 TGT 64.20-64.30 SL 64.00
SELL USD/INR BELOW 63.80 TGT 63.70-63.60 SL 63.90
The dollar index, against a basket of six major currencies ,
was up 0.33 per cent at 90.844 after hitting 90.113 on
Wednesday, its lowest since Dec. 31, 2014.
The Indian rupee suffered its biggest single-day fall in eight
months on Tuesday and endured some turbulent trading
across Asian forex region, hit hard by trade deficit worries
which widened to a three-year high on higher oil and gold
imports. The domestic currency had lost 55 paise, or nearly
1 per cent, to end at a fresh two-week low of 64.04 against
the US dollar. The government had announced recently
that it would go in for an additional borrowing of Rs 50,000
crore during the current financial year, raising concerns
that the country may miss the fiscal deficit target fixed at
3.2 per cent of GDP. A breathtaking rally in domestic
equities too weighed on the forex trading front. On the
international commodity front, global crude oil prices gave
away earlier gains after analysts warned of a downward
correction after prices have gained more than 13 per cent
over the past month. Brent crude futures were trading
lower at USD 68.65 a barrel in early Asian trading -- below
a three-year high of USD 70.37 set earlier in the week.
The dollar index against a basket of six major currencies
was at 90.803 after pulling back overnight from a three-
year low of 90.279 set earlier in the week.The euro was
little changed at USD 1.2188, slipping from a three-year
peak above USD 1.2300 after some European Central Bank
officials voiced worries about the currency's strength. The
common currency had advanced this month on
expectations that the ECB would take steps towards
winding back on stimulus measures to normalise monetary
policy.

7. _____________________________________________________________________________________________________________________
Special Report
19 Jan-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target
Stop
Loss
Remark
18/01/18 NCDEX DHANIYA FEB BUY 5900 5950 6050 5850 NOT EXECUTED
18/01/18 NCDEX DHANIYA FEB SELL 5730 5680 5580 5780 OPEN
18/01/18
NCDEX
GUARGUM
FEB BUY 9470 9520 9620 9420 NOT EXECUTED
18/01/18
NCDEX
GUARGUM
FEB SELL 9340 9290 9190 9390 TARGET HIT
18/01/18 MCX GOLD JAN BUY 29750 29800 29000 29700 NOT EXECUTED
18/01/18 MCX GOLD JAN SELL 29650 29600 29500 29700 TARGET HIT
18/01/18 MCX SILVER JAN BUY 39200 39400 39700 39000 NOT EXECUTED
18/01/18 MCX SILVER JAN SELL 38800 38600 38300 39000 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
18/01/18 NIFTY FUTURE BUY 10680 10640-10600 10720 NOT EXECUTED
18/01/18 TVSMOTORS FUTURE BUY 737 744-751 730 SL TRIGGRED
18/01/18 DRREDDY FUTURE BUY 2520 2525-2550 2500 SL TRIGGRED
18/01/18 ZENTEC CASH BUY 137.50 140-143 135 SL TRIGGRED

8. _____________________________________________________________________________________________________________________
Special Report
19 Jan-2018
NEXT WEEK'S U.S. ECONOMIC REPORTS
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Disclaimer
TIME REPORT PERIOD ACTUAL
CONSENSUS
FORECAST
PREVIOUS
MONDAY, JAN. 22
8:30 am Chicago Fed national activity index Dec. 0.15
TUESDAY, JAN. 23
None scheduled
WEDNESDAY, JAN. 24
9:45 am Markit manufacturing PMI (flash) Jan. 55.1
9:45 am Markit services PMI (flash) Jan. 53.7
10 am Existing home sales Dec. 5.81 mln
THURSDAY, JAN. 25
8:30 am Weekly jobless claims 1/20
8:30 am Advance trade in goods Dec.
-
$69.7bln
10 am
10 am Leading economic indicators Dec. 0.4%
FRIDAY,
JAN. 26
FRIDAY, JAN. 26
FRIDAY,
JAN. 26
FRIDAY, JAN. 26
FRIDAY, JAN.
26
FRIDAY
, JAN. 26