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1. _____________________________________________________________________________________________________________________
Special Report
20 Dec-2017
Global markets at a glance
US stocks fell on Tuesday as excitement over the likelihood
of a tax code revamp was offset by concern over its effect
on years of monetary policy stimulus and the future of
interest rates.
The US House of Representatives approved the tax
legislation in an afternoon vote. The Senate was expected
to vote on the tax bill this evening. Republicans were
confident of the bill being signed into law by the end of the
week.
Stocks added to losses after the vote, which followed
weeks of market gains on optimism that tax cuts would
boost US earnings and the economy. Some investors also
said that much of those benefits were already reflected in
stock prices.
The S&P 500 has climbed about 5 percent since mid-
November when the House passed its tax overhaul bill. The
Dow Jones Industrial Average fell 37.45 points, or 0.15
percent, to 24,754.75, the S&P 500 lost 8.69 points, or 0.32
percent, to 2,681.47 and the Nasdaq Composite dropped
30.91 points, or 0.44 percent, to 6,963.85.
Earlier in the day, stocks were pushed lower as Treasury
yields rose on strong housing data. Domestic home
construction hit a 13-month high in November.
Asian shares fell on Wednesday, taking their cues from
Wall Street with investor enthusiasm toward US tax
changes ebbing as the long-awaited reform bill wound its
way through Congress, while higher US Treasury yields
underpinned the dollar.
MSCI's broadest index of Asia-Pacific shares outside Japan
was down 0.2 percent in early trading, while Japan's Nikkei
stock index also edged down 0.2 percent.The Dow Jones
Industrial Average shed 0.15 percent, the S&P 500 lost 0.32
percent, and the Nasdaq Composite dropped 0.44 percent
on Tuesday.
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 [ 402.42 ],
CapitalGoods[ 118.30 pts],PSU[72.33pts],FMCG
[96.45pts],Realty[33.14pts],Power[27.73pts],Auto
[ 884.27 pts],Healthcare[ 131.33pts],IT[ -49.63 pts],Metal
[210.36 pts],TECK[ -3.87 pts], Oil& Gas [ 78.84 pts].
World Indices
Index Value % Change
DJI 24,754.75 -0.15
S&P500 2,689.50 0.20
NASDAQ 6,963.85 -0.44
FTSE100 7,455.10 0.09
NIKKEI 22,853.23 -0.06
HANG SENG 29,276.70 0.08
Top Gainers
Company CMP Change % Chg
Maruti Suzuki 9,801.50 492.40 5.29
Hero Motocorp 3,701.00 165.65 4.69
UPL 738.00 27.95 3.94
Idea Cellular 98.60 3.65 3.84
Tata Motors 420.10 14.30 3.52
Top Losers
Company CMP Change % Chg
HCL Tech 869.45 -15.55 -1.76
Infosys 1,003.95 -12.65 -1.24
Wipro 292.40 -3.40 -1.15
HDFC 1,709.15 -10.80 -0.63
IndusInd Bank 1,670.05 -8.55 -0.51
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
ADVANIHOTR 78.05 6.1 7.82
ALANKIT 58.5 2.4 4.1
ARCHIES 46.65 -1.05 -2.25
ATUL 2560.75 84.25 3.29
AXISCADES 190.8 9.45 4.95
BASF 2000.2 129.8 6.49
BHARATIWIN 37.15 0.23 0.62
Indian Indices
Company CMP Change % Chg
NIFTY 10463.20 74.40 0.72
SENSEX 33836.74 235.06 0.70
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
BHARATIDIL 5.2 0.25 4.81
DNAMEDIA 7.45 -0.35 -4.7
GOENKA 0.25 0.05 20

2. _____________________________________________________________________________________________________________________
Special Report
20 Dec-2017
STOCK RECOMMENDATION [CASH]
SREINFRA [CASH]
This partcular counter is rebounding from its support level
9520-95.50, from the daily chart that there is a strong
support level at its lower level around 95.20 which is
acting as a pullback so buy on dips would be good to
follow so we advice BUY SREINFRA around 95.20 –95.50
tgt 96.50-98 sl 94.20.
MACRO NEW
 The Nifty50 futures on the Singapore Stock Exchange
were trading 18 points lower at 10451 indicating a flat
to negative opening for the domestic market.
 US securities regulators on Tuesday temporarily
suspended trading in the shares of Crypto Company, a
small firm that saw its stock rise more than 2,700
percent this month after signing a deal to buy a
cryptocurrency data platform. It cited concerns about
the “accuracy and adequacy of information” about the
Malibu, California-based company available to
investors. The suspension will remain in place until
January 3, Reuters reported.
 Astron Paper and Board Mills' initial public offer (IPO)
was over-subscribed 12.39 times on the third day of
issue on Tuesday. The IPO to raise Rs 70 crore received
bids for 17,34,31,720 shares against the total issue size
of 1,40,00,000 shares, data available with the NSE
showed. Pantomath Capital Advisors Private Limited is
the book running lead manager to the offer.
 Banks led by State Bank of India have decided that
bidders for stressed assets in ongoing insolvency
proceedings will have to disclose their source of funds
and furnish a cheque for the bid amount to prove their
bonafides and be eligible to participate.It gives a 70
percent weightage to quantitative elements such as
cash on the table and 30 percent to qualitative factors
such as the bidder’s track record, including the ability
to turn around distressed companies, Economic Times
reported.
RECOMMENDATIONS [FUTURE]
1. APOLLOTYRE [FUTURE ]
The particular counter is making standing on its support
above , after consolidating in a range the stock is prepared
to give a breakout , 260.70 in future is the only resistance
level which is acting as hurdle if today it crosses this level
then its surely a buy so we advice to BUY APOLLOTYRE
future above 261 tgt 265-270 sl 258
2.HINDALCO [FUTURE]
HINDALCO has closed just above its support level of 240-
242, in the hourly chart the particular counter made a bullish
pennant pattern , but the only reistance which may act as a
hurdle is 254.80 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 HINDALCO FUTURE above
255 tgt 259-262 sl below 252.

3. _____________________________________________________________________________________________________________________
Special Report
20 Dec-2017
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 10,400 109.1 1,90,971 37,00,650
BANKNIFTY CE 26,000 22.8 1,87,519 10,73,920
BANKNIFTY CE 25,700 108.5 1,61,303 4,14,360
MARUTI CE 9,800 180 14,885 97,650
MARUTI CE 9,600 308 12,104 52,500
MARUTI CE 9,500 395 11,863 66,075
MARUTI CE 9,700 235 7,756 33,750
TATAMOTORS CE 420 7.65 6,892 33,52,500
MOST ACTIVE PUT OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY PE 25,000 7 1,04,289 6,92,920
NIFTY PE 10,000 6.75 96,265 82,99,875
NIFTY PE 10,100 9.55 92,876 42,83,550
MARUTI PE 9,400 25 6,285 86,550
MARUTI PE 9,300 17 5,532 83,850
MARUTI PE 9,500 40 5,067 1,07,850
MARUTI PE 9,200 11.3 4,286 88,050
MARUTI PE 9,000 8.9 3,909 1,24,650
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 64630 5243.55 58915 5024.13 186852 15106.47 219.4209
INDEX OPTIONS 1618369 135320.90 1591081 133170.79 1282330 102850.86 2150.1109
STOCK FUTURES 157230 11292.90 154715 11024.58 1058774 74416.64 268.316
STOCK OPTIONS 137312 9957.71 137015 9956.41 70993 5211.15 1.2944
2639.1422
SELL
STOCKS IN NEWS
 Max Ventures gets shareholder nod for cancellation
of area purchase agreement with Piveta Estates &
Boulevard
 Bharti Airtel: Cost of acquisition of Tigo Rwanda
based on approx 6x EBITDA multiple
NIFTY FUTURE
The Nifty50 closed above its crucial resistance level of
10,450 on Tuesday. The index formed a bullish candle for
the second straight day in a row and is trading well
above most of its short-term moving averages.The Nifty
closed at 10463.20. According to Pivot charts, the key
support level is placed at 10,422, followed by 10,380. If
the index starts to move higher, key resistance levels to
watch out are 10,488 and 10,513.so we advice to Sell
Nifty future around 10520-10500 Tgt 10450-10400 sl
10570.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10513.00 10488.00 10447.00 10422.00 10381.00
BANKNIFTY 25835.00 25775.00 25697.00 25637.00 25559.00

4. _____________________________________________________________________________________________________________________
Special Report
20 Dec-2017
COMMODITY ROUNDUP
Gold prices edged higher on Monday, as the U.S. dollar
pulled back despite mounting hopes that a major U.S. tax
reform can be passed before the end of the year.
Comex gold futures were up $2.10 or about 0.16% at
$1,259.70 a troy ounce by 03:00 a.m. ET (07:00 GMT), just
off Friday's one-and-a-half week high of $1,264.50 hit.
The greenback was initially lifted after Republicans on
Friday put the finishing touches on a sweeping tax overhaul
bill.
They are confident Congress will now pass the tax bill this
week, with a Senate vote planned as early as Tuesday.
The precious metal had strengthened last week after the
Fed raised interest rates by 0.25 basis points to 1.50% but
did not change its projections for 2018.
The U.S. dollar index, which measures the greenback’s
strength against a trade-weighted basket of six major
currencies, was down 0.15% at 93.32.
Gold is sensitive to moves in both U.S. rates and the dollar.
A stroner dollar makes gold more expensive for holders of
foreign currency, while a rise in U.S. rates lifts the
opportunity cost of holding non-yielding assets such as
bullion.
Elsewhere on the Comex, silver futures added 0.32% to
$16.12 a troy ounce.
Gold and silver were trading higher in morning trade on
Monday on account of some demand of precious metals
from jewellers, industries and retailers.
MCX Gold futures were trading 0.27 per cent up at Rs
28,330 per 10 gram at 10.40 am (IST), while MCX Silver
futures were trading 0.35 per cent up at Rs 37,335 at
around the same time.
Oil prices rose on Monday amid an ongoingNorth
Sea pipeline outage and signs that booming US crude
output growth may be slowing, although the 2018 outlook
points to ample supply despite production cuts led by OPEC.
US West Texas Intermediate (WTI) crude futures were at
$57.66 a barrel at 0634 GMT, up 36 cents, or 0.6 per
cent,from their last settlement.
Brent crude futures , the international benchmark for oil
prices, were at $63.59 a barrel, up 36 cents, or 0.6 per cent,
from their last close.
Traders said the slightly higher prices came on the back of
the North Sea Forties pipeline system outage, which
provides crude that underpins the Brent benchmark, as well
as indicators that US oil production growth may be slowing.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD DEC ABOVE 28500 TGT 28550 28650 SL BELOW
28400
SELL GOLD DEC BELOW 28350 TGT 28300 28200 SL ABOVE
28450
SILVER
TRADING STRATEGY:
BUY SILVER DEC ABOVE 37500 TGT 37700 38000 SL BELOW
37300
SELL SILVER DEC BELOW 37300 TGT 37200 36900 SL ABOVE
37500

5. _____________________________________________________________________________________________________________________
Special Report
20 Dec-2017
NCDEX INDICES
Index Value % Change
Castor Seed 4480 1.11
Chana 4010 1.34
Coriander 5471 0.64
Cotton Seed Oilcake 1710 1.51
Guar Seed 10 MT 3939.5 1.39
Jeera 21140 -1.86
Mustardseed 3945 0.03
Soy Bean 3047 0.59
Turmeric 7550 0.37
Wheat 1655 0.5
RECOMMENDATIONS
DHANIYA
BUY CORIANDER DEC ABOVE 5590 TGT 5640 5740 SL
BELOW 5540
SELL CORIANDER DEC BELOW 5490 TGT 5440 5340 SL
ABOVE 5540
GUARGUM
BUY GUARGUM5 DEC ABOVE 8750 TGT 8800 8900 SL
BELOW 8700
SELL GUARGUM5 DEC BELOW 8650 TGT 8600 8500 SL
ABOVE 8700
A robust demand has capped the price fall in cardamom
which has been seeing unabated stream of arrivals in the
market triggered by a late revival of rains.
Internal and overseas enquiries have kept the average
prices at Rs 850-900 per kg, which is still remunerative for
the growers as it is above the cost of production. The prices
had hit a high of Rs 1,200 per kg in September.
The January contract for delivery at Multi Commodity
Exchange (MCX) traded around Rs 1,047 per kg on Tuesday
evening.
Increased availability of the spice has been a blessing for
the exporters who have been able to offer competitive
rates. “Our prices have dropped by $1to about $16 per kg.
Buyers say they will continue to buy at the current rate,’’
said SPGR Nityanandan, a major exporter.
Crude palm oil prices fell 0.74 per cent to Rs 587.70 per 10
kg in futures trade today as speculators booked profits at
prevailing higher levels amid fall in demand at the spot
market.
Besides, sufficient stocks position following increased
supplies from the producing regions, fuelled the
downtrend. At the Multi Commodity Exchange, crude palm
oil for delivery in December eased by Rs 4.40, or 0.74 per
cent, to Rs 587.70 per 10 kg, in a business turnover of 252
lots. On similar lines, the oil for delivery in current month
traded lower by Rs 1.70, or 0.29 per cent, to Rs 588.50 per
10 kg in 68 lots.
Mentha oil prices were trading higher by 1.83 per cent to Rs
1,748.90 per kg in futures market today as speculators
engaged in building up positions, amid pick-up in demand in
domestic industries and projection of lower output .
Besides, tight stock positions due to restricted arrivals from
the major producing belts of Chandausi, gave support to
mentha prices.

6. _____________________________________________________________________________________________________________________
Special Report
20 Dec-2017
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 64.1065 Yen 56.9000
Euro 75.4277 GBP 85.5437
GBP/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
EUR/INR
BUY EUR/INR ABOVE 76.50 TGT 76.60-76.70 SL 76.40
SELL EUR/INR BELOW 75.50 TGT 75.40-75.30 SL 75.60
This year mentha oil output is projected at 25,000-30,000
ton as against 35,000 ton in the previous year due to fall in
acreage. India exported 5,365 ton mint products during
April-June 2017 up from 5,259 ton a year ago. At the Multi
Commodity Exchange, mentha oil for delivery in current
month rose Rs 31.40, or 1.83 per cent, to Rs 1,748.90 per
kg, clocking a business volume of 42 lots.
Maintaining its upbeat momentum, the rupee today
surged by 30 paise to hit a fresh 3-month high of 64.04
against the US dollar, with all exit polls on assembly
elections suggesting the BJP retaining Gujarat and
returning to power in Himachal Pradesh. This is the highest
closing for the home currency since September 13, when it
had closed at 64.00. It was also the biggest single-day gain
for the rupee in over three weeks. Overall currency market
sentiment turned extremely bullish after the exit poll
outcomes predicted BJP's win in Gujarat for the sixth time
and a clean sweep in Himachal Pradesh elections.
A smart rally in local equities also supported the rupee
momentum.
It was further supported by unwinding of long-dollar
positions by speculators and some foreign banks with the
US dollar down on shaky outlook for the tax reform
progress. At the Interbank Foreign Exchange (forex)
market, the home currency resumed substantially higher at
64.20 compared to Thursday's close of 64.34.
It gained further ground to hit an intra-day high of 64.01 in
mid-afternoon deals before ending at 64.04, showing a
smart 30 paise jump, or 0.47 per cent.

7. _____________________________________________________________________________________________________________________
Special Report
20 Dec-2017
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target
Stop
Loss
Remark
19/12/17 NCDEX DHANIYA DEC. BUY 5550 5600 5700 5500 TARGET HIT
19/12/17 NCDEX DHANIYA DEC. SELL 5400 5350 5250 5450 NOT EXECUTED
19/12/17
NCDEX
GUARGUM
DEC. BUY 8560 8610 8710 8510 TARGET HIT
19/12/17
NCDEX
GUARGUM
DEC. SELL 8460 8410 8310 8510 NOT EXECUTED
19/12/17 MCX GOLD FEB. BUY 28370 28420 28520 28270 NOT EXECUTED
19/12/17 MCX GOLD FEB. SELL 28170 28120 28020 28270 NOT EXECUTED
19/12/17 MCX SILVER MAR. BUY 37200 37400 37700 37000 SL TRIGGRED
19/12/17 MCX SILVER MAR. SELL 36600 36400 36000 36800 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
19/12/17 NIFTY FUTURE BUY 10330-10340 10400-10460 10280 TARGET HIT
19/12/17 SUNPHARMA FUTURE BUY 536 542-547 530 SL TRIGGRED
19/12/17 HINDALCO FUTURE BUY 255 259-262 252 NOT EXECUTED
19/12/17 SUBROS FUTURE BUY 278 282-286 274 TARGET HIT

8. _____________________________________________________________________________________________________________________
Special Report
20 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