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1. _____________________________________________________________________________________________________________________
Special Report
23 Jan-2018
Global markets at a glance
Wall Street rose on Friday, led by gains in consumer stocks,
even as a possible government shutdown loomed.
The S&P 500 and the Nasdaq hit record closing highs, while
the Dow ended the day higher after trading in a narrow
range.Nike Inc, Philip Morris International Inc and Home
Depot Inc rose between 1.5 percent and 4.8 percent on
upbeat analyst expectations, helping to boost the S&P 500.
Conversely, losses in International Business Machines Corp
and American Express capped gains on the Dow.
The Dow Jones Industrial Average .rose 53.91 points, or
0.21 percent, to close at 26,071.72, the S&P 500 gained
12.27 points, or 0.44 percent, to 2,810.3 and the Nasdaq
Composite added 40.33 points, or 0.55 percent, to
7,336.38.For the week, the Dow rose 1.04 percent, the S&P
500 added 0.86 percent and the Nasdaq gained 1.04
percent.Nine of the 11 major S&P sectors were higher, led
by a 1.1 percent gain in the consumer staples index and a
0.9 percent rise in consumer discretionary stocks.
Asian stocks advanced on Tuesday after US senators struck
a deal to end a three-day government shutdown, sending
Wall Street's main indexes to record highs and keeping the
dollar well supported.US lawmakers passed a short-term
measure on Monday to fund the federal government
through February 8.
MSCI's broadest index of Asia-Pacific shares outside Japan
rose 0.2 percent to a fresh record peak.
Australian stocks climbed 0.7 percent and South Korea's
KOSPI added 0.5 percent. Japan's Nikkei was 0.45 percent
higher.World equity markets have been on a tear over the
past year, buoyed by a synchronized uptick in global
economic growth in a boon to corporate profits and stock
valuations.
Previous day Roundup
The index, which opened at 10,883, slipped marginally to
an intraday low of 10,881.40. The bulls quickly took control
and pushed the index to a fresh intraday high of 10,975.10.
The index finally closed 71 points higher at 10,966.20.
According to Pivot charts, the key support level is placed at
10,906.7, followed by 10,847.2. If the index starts to move
higher, key resistance levels to watch out are 11,000.4 and
11,034.6.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Consumer Durables [ 180.12],Ca
pitalGoods[ 361.87pts],PSU[-19.49 pts],FMCG
[ 17.24 pts],Realty[ 51.08pts],Power[ 6.58 pts],Auto
[ 54.52 pts],Healthcare[ 97.56 pts],IT[ 246.12 pts],Metal
[ -125.13pts],TECK[ 93.41 pts], Oil& Gas [ 83.30 pts].
World Indices
Index Value % Change
DJI 26,071.72 0.21
S&P500 2,836.25 0.07
NASDAQ 7,408.00 0.97
FTSE100 7,715.44 -0.20
NIKKEI 24,037.86 0.92
HANG SENG 32,793.99 1.22
Top Gainers
Company CMP Change % Chg
TCS 3,116.40 157.10 5.31
Reliance 971.50 40.20 4.32
ONGC 200.70 7.00 3.61
Axis Bank 611.55 21.30 3.61
Tech Mahindra 569.50 16.60 3.00
Top Losers
Company CMP Change % Chg
HPCL 401.80 -14.40 -3.46
Idea Cellular 99.50 -2.80 -2.74
GAIL 457.40 -11.35 -2.42
Wipro 321.55 -7.40 -2.25
BPCL 469.15 -8.15 -1.71
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
21STCENMGM 37.45 0.7 1.87
ADANIPORTS 433.45 2.55 0.59
AHLEAST 342.05 68.4 20
AICHAMP 36.95 1.05 2.84
ALEMBICLTD 63.45 5.25 8.27
ANDHRSUGAR 673.5 29 4.31
APLAPOLLO 2500.65 13.35 0.53
ARVSMART
Indian Indices
Company CMP Change % Chg
NIFTY 10966.20 71.50 0.66
SENSEX 35798.01 286.43 0.81
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
APOLLO 275 -23.25 -5
BALRAMCHIN 122.7 1.9 1.55
BRFL 88.3 -3.5 -3.96

2. _____________________________________________________________________________________________________________________
Special Report
23 Jan-2018
STOCK RECOMMENDATION [CASH]
KIRIINDUS [CASH]
This particular stock is rebouding from its crucial support
level around 610 after making a tweezer bottom candle
the stock prepared to give a breakout so we recommend
to buy KIRIINDUS above 643.50 tgt 657-672 sl below
633.50
MACRO NEW
 Trends on SGX Nifty indicate a positive opening for the
broader index in India, a rise of 40 points or 0.36
percent. Nifty futures were trading around 11,007-
level on the Singaporean Exchange.
 Congress voted on Monday to end a three-day US
government shutdown, approving another short-term
funding bill as Democrats accepted promises from
Republicans for a broad debate later on the future of
young illegal immigrants, reports Reuters.
 India's banking sector will be saddled with gross non-
performing assets (GNPAs) worth a staggering Rs 9.5
lakh crore by March-end, up from Rs 8 lakh crore in
the year-ago period, said the Assocham-Crisil
study."The recovery rate, which is a good indicator of
the effectiveness of ARCs is expected to rise from 38
per cent earlier to about 44-48 per cent," it said
 India is projected to grow at 7.4 percent in 2018 as
against China's 6.8 percent, the IMF said on Monday,
making it the fastest growing country among emerging
economies following last year's slowdown due to
demonetisation and the implementation of the GST.
 The country has the best growth prospects among
seven large economies of the world, including China
and South Korea, a study done by a global logistics
major said on Monday.
 Shares of Apollo Micro Systems closed 65 percent
higher to its issue price of Rs 275. The stock had
gained a whopping 74 percent in the opening tick at Rs
478 on the BSE. Aryaman Financial Services was the
book running lead manager to the offer.
RECOMMENDATIONS [FUTURE]
1. TATAELXSI [FUTURE ]
This particular stock is rebouding from its crucial support
level around 1015 after making a marabuzo candle with
long buildup the stock is prepared to give a breakout so we
recommend to buy TATAELXSI future above 1087 tgt 1107-
1130 sl below 1077.
2.INFY [FUTURE]
With a good strength in IT sector the various stocks like
wipro, tcs etc are performing well among them INFY has also
performed well and made a long buildup candle also its
making pennant pattern at its top so we recommend to buy
INFY future above 1160 tgt 1170-1180 sl below 1152.

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Special Report
23 Jan-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 10,900 88.05 3,68,130 35,82,900
BANKNIFTY CE 27,000 171.25 1,89,794 7,87,840
RELIANCE CE 960 17.65 27,563 25,99,000
RELIANCE CE 980 9.6 19,842 31,32,000
RELIANCE CE 1,000 4.8 19,307 38,52,000
RELIANCE CE 940 31.3 12,496 16,42,000
AXISBANK CE 620 8.7 12,346 12,79,200
TCS CE 3,100 40 10,948 1,83,250
MOST ACTIVE PUT OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 10,900 29.5 3,90,377 43,58,250
NIFTY PE 10,800 15.75 3,75,570 60,66,225
NIFTY PE 10,700 9.8 2,01,874 58,74,675
RELIANCE PE 940 3.9 9,361 15,46,000
RELIANCE PE 920 1.5 7,992 13,28,000
RELIANCE PE 960 9.8 5,970 9,51,000
AXISBANK PE 580 1.55 5,799 9,00,000
AXISBANK PE 600 6.35 5,302 6,94,800
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 54505 4603.94 75972 6408.31 303767 25913.49 -1804.3722
INDEX OPTIONS 675277 61227.98 716007 64739.03 1059046 90028.85 -3511.0454
STOCK FUTURES 282841 21715.08 270306 20638.07 996103 75716.35 1077.0151
STOCK OPTIONS 166695 13600.14 164145 13370.42 124905 9872.60 229.7216
-4008.6809
SELL
STOCKS IN NEWS
 Bajaj Corp launch of new product Bajaj Coco Jasmine
Hair oil
 IOC might consider issue of bonus shares on Jan 30,
2018Kalptaru Power Transmission received new
orders of Rs 871 crore
NIFTY FUTURE
The index, which opened at 10,883, slipped marginally to
an intraday low of 10,881.40. The bulls quickly took
control and pushed the index to a fresh intraday high of
10,975.10. The index finally closed 71 points higher at
10,966.20.According to Pivot charts, the key support
level is placed at 10,906.7, followed by 10,847.2. If the
index starts to move higher, key resistance levels to
watch out are 11,000.4 and 11,034.6.so we advice to Buy
nifty future around 10910-10920 tgt 10970-11020 sl
below 10870.
INDICES R2 R1 PIVOT S1 S2
NIFTY 11034.00 11000.00 10940.00 10906.00 10846.00
BANKNIFTY 27218.00 27129.00 26985.00 26896.00 26752.00

4. _____________________________________________________________________________________________________________________
Special Report
23 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 29850 TGT 29900 30000 SL BELOW
29750
SELL GOLD FEB BELOW 29800 TGT 29750 29650 SL ABOVE
29850
SILVER
TRADING STRATEGY:
BUY SILVER MAR ABOVE 39200 TGT 39400 39700 SL BELOW
39000
SELL SILVER MAR BELOW 38900 TGT 38700 38400 SL
ABOVE 39100

5. _____________________________________________________________________________________________________________________
Special Report
23 Jan-2018
NCDEX INDICES
Index Value % Change
Castor Seed 4044 -0.17
Chana 3727 1.36
Coriander 5815 1.95
Cotton Seed Oilcake 1717 -1.8
Guar Seed 10 MT 4404.5 2.99
Jeera 16525 -0.21
Mustardseed 4067 0.77
Soy Bean 3499 3.98
Turmeric 7314 -0.22
Wheat 1686 -0.47
RECOMMENDATIONS
DHANIYA
BUY CORIANDER APR ABOVE 5900 TGT
5950 6050 SL BELOW 5850
SELL CORIANDER APR BELOW 5780 TGT 5730 5630 SL
ABOVE 5830
GUARGUM
BUY GUARGUM5 FEB ABOVE 9610 TGT
9660 9760 SL BELOW 9560
SELL GUARGUM5 FEB BELOW 9490 TGT 9440 9340 SL
ABOVE 9540
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
23 Jan-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 63.7183 Yen 57.4100
Euro 78.1441 GBP 88.2822
GBP/INR
BUY GBP/INR AROUND 89.00 TGT 89.10-89.20 SL 88.90
SELL GBP/INR BELOW 88.00 TGT 87.90-87.80 SL 88.10
USD/INR
BUY USD/INR ABOVE 64.00 TGT 64.10-64.20 SL 63.90
SELL USD/INR BELOW 63.60 TGT 63.50-63.40 SL 63.70
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
23 Jan-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target
Stop
Loss
Remark
22/01/18 NCDEX DHANIYA APR BUY 5790 5840 5940 5740 TARGET HIT
22/01/18 NCDEX DHANIYA APR SELL 5670 5580 5480 5780 NOT EXECUTED
22/01/18
NCDEX
GUARGUM
FEB BUY 9270 9320 9520 9220 NOT EXECUTED
22/01/18
NCDEX
GUARGUM
FEB SELL 9080 9030 8930 9130 TARGET HIT
22/01/18 MCX GOLD FEB BUY 29800 29850 29950 29700 TARGET HIT
22/01/18 MCX GOLD FEB SELL 29700 29650 29550 29800 SL TRIGGRED
22/01/18 MCX SILVER MAR BUY 39200 39400 39700 39000 OPEN
18/01/18 MCX SILVER MAR SELL 38800 38600 38300 39000 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
22/01/18 NIFTY FUTURE BUY 10870-10875 10930-10970 10830 NOT EXECUTED
22/01/18 TVSMOTORS FUTURE BUY 715-714 722-730 710 1st TARGET HIT
22/01/18 BPCL FUTURE SELL 483-482 477-472 487 NOT EXECUTED
22/01/18 WELCORP CASH BUY 195 198-201 192 OPEN

8. _____________________________________________________________________________________________________________________
Special Report
23 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