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1. _____________________________________________________________________________________________________________________
Special Report
28 Dec-2017
Global markets at a glance
US stocks were little changed on Wednesday, as gains in
the technology sector offset losses in energy and helped
keep major indexes nearly flat.
The S&P technology index was up 0.1 percent and poised
to snap a five-session losing streak, its longest since April,
led by gains in Facebook , up 1.0 percent, and Visa , up 0.8
percent.
Trading volumes remained muted in the holiday-shortened
week between Christmas and New Year. Trading on
Tuesday marked the thinnest volume of the year for a full
session.Advancing issues outnumbered declining ones on
the NYSE by a 1.16-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio
favored advancers.
Asian shares rose to a one-month high on Thursday and
were on track for their best annual performance since
2009, while commodity-driven currencies were buoyed by
a rally in copper, which hit a four-year peak.
MSCI's broadest index of Asia-Pacific shares outside Japan
was up 0.1 percent at 563.86 points, a level last visited in
late November. It has rocketed 32 percent in the year so
far.MSCI world equity index , which tracks shares in 47
countries, also held near record highs. It has surged 21.5
percent this year.
Trade was light across the board with many market
participants on holiday.
Previous day Roundup
The market could see a mildly higher opening based on
trends on SGX Nifty as well as similar trends coming in from
the global markets too. The bulls failed to maintain their
control over D-Street in the last hour of the trading session
on Wednesday and closed below its crucial support zone of
10500 levels. The index made a small bearish candle on the
daily candlestick charts ahead of December expiry.
The Nifty corrected after making a fresh all-time high but
bounced back from its 5-days exponential moving average
(5-DEMA) placed at 10,474 to close at 10,490, down 40
points. It rose to a fresh record high of 10,522.40.
A Hanging Man type pattern formed in the previous trading
session gave a heads up to investors that the momentum is
waning. Investors are advised to remain cautious and avoid
buying on dips until some signs of strength are visible.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Consumer Durables [ -104.42 ],
CapitalGoods[-152.52pts],PSU[-80.71pts],FMCG[ -
32.49 pts],Realty[-15.86 pts],Power[ -9.16 pts],Auto[ -
104.79pts],Healthcare[ 267.20pts],IT[ -11.45 pts],Metal[ -
1.40 pts],TECK[ -5.94pts], Oil& Gas [ -134.23 pts].
World Indices
Index Value % Change
DJI 24,774.30 0.11
S&P500 2,687.00 0.06
NASDAQ 6,462.25 0.12
FTSE100 7,620.68 0.37
NIKKEI 22,945.40 0.15
HANG SENG 29,796.66 0.67
Top Gainers
Company CMP Change % Chg
Sun Pharma 576.30 35.00 6.47
Tech Mahindra 503.00 9.60 1.95
Dr Reddys Labs 2,400.30 40.00 1.69
Vedanta 326.20 4.25 1.32
Wipro 306.60 3.70 1.22
Top Losers
Company CMP Change % Chg
ICICI Bank 312.80 -5.35 -1.68
Bharti Airtel 534.65 -8.30 -1.53
UltraTechCement 4,277.70 -62.65 -1.44
TCS 2,619.90 -29.55 -1.12
HPCL 425.85 -4.65 -1.08
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
3IINFOTECH 5.7 1 17.54
3MINDIA 17384.7 1664.3 9.57
5PAISA 388.75 -19.4 -4.99
ADANIENT 163.2 2.05 1.26
AHLUCONT 390 14.05 3.6
ALANKIT 60.7 3 4.94
ALEMBICLTD 55.85 0.95 1.7
Indian Indices
Company CMP Change % Chg
NIFTY 10490.80 -40.70 -0.39
SENSEX 33911.81 -98.80 -0.29
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
DWARKESH 48.85 -2.2 -4.5
GICRE 779.55 -15.55 -1.99
HANUNG 3.35 0.15 4.48

2. _____________________________________________________________________________________________________________________
Special Report
28 Dec-2017
STOCK RECOMMENDATION [CASH]
FORTIS [CASH]
This particular counter has closed just near its crucial
resistance level of 160 , on the downside the counter has
crucial support level at 152,on the hourly chart the stock is
getting upside movement with increase in its volume, if
today it crosses its resistance level of 160 then its surely a
buy so we recommend to Buy FORTIS above 160 tgt 164-
168 sl 157.
MACRO NEW
 Nifty futures on the Singaporean exchange were
trading mildly higher, up around 19 points. A positive
opening on the Nifty is likely on Thursday.
 The Centre will borrow additional Rs 50,000 crore
during January-March, raising the gross market
borrowing target of the government to Rs 6.3 lakh
crore for the financial year 2017-18.“The government
will raise additional market borrowings of Rs 50,000
crore only in fiscal 2017-18 through dated government
securities,” the finance ministry said in a statement.in
November as sanctions bite .
 To make REITs and InvITs more attractive to investors,
markets regulator Sebi has notified relaxed norms to
allow these trusts to raise funds by issuing debt
securities.This would be allowed for REITs (Real Estate
Investment Trusts) and InvITs (Infrastructure
Investment Trusts) which are listed on stock
exchanges.
 The United States announced sanctions on two of
North Korea's most prominent officials behind its
ballistic missile program, while Russia reiterated an
offer to mediate to ease tension between Washington
and Pyongyang, according to a Reuters report.The new
US steps were the latest in a campaign aimed at
forcing North Korea - which has defied years of
multilateral and bilateral sanctions - to abandon a
weapons program aimed at developing nuclear-tipped
missiles capable of hitting the United States.
RECOMMENDATIONS [FUTURE]
1. SUNPHARMA [FUTURE ]
This particular counter has closed just near its crucial
resistance level of 582 (FUTURE PRICE) , on the downside
the counter has crucial support level at 581,on the hourly
chart the stock is getting upside movement with increase in
its volume, if today it crosses its resistance level of 581 then
its surely a buy so we recommend to Buy SUNPHARMA
above 581 tgt 586-591 sl 577.
2.FORTIS [FUTURE]
This particular counter has closed just near its crucial
resistance level of 160.80 , on the downside the counter has
crucial support level at 152,on the hourly chart the stock is
getting upside movement with increase in its volume, if
today it crosses its resistance level of 160.80 then its surely a
buy so we recommend to Buy FORTIS above 160.80 tgt 164-
168 sl 157.

3. _____________________________________________________________________________________________________________________
Special Report
28 Dec-2017
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 10,600 1.3 4,70,331 54,59,925
NIFTY CE 10,550 4.35 3,27,623 28,08,000
BANKNIFTY CE 25,800 5.55 3,26,746 9,46,640
SUNPHARMA CE 580 4.7 14,164 10,56,800
RCOM CE 30 0.8 13,597 1,79,76,000
SUNPHARMA CE 560 16.05 10,641 5,92,800
RELIANCE CE 940 2.45 9,243 33,75,000
MARUTI CE 9,800 18.9 8,061 1,85,175
MOST ACTIVE PUT OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 10,450 11.85 2,96,562 17,51,850
BANKNIFTY PE 25,600 167 2,69,810 2,95,960
BANKNIFTY PE 25,400 49 2,23,887 4,59,320
MARUTI PE 9,600 27.05 6,007 1,64,475
RELIANCE PE 920 5.5 4,587 11,36,000
RCOM PE 25 0.25 4,246 67,76,000
SUNPHARMA PE 560 1.75 4,170 5,92,800
SUNPHARMA PE 540 0.25 2,982 7,33,600
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 33468 2810.83 34643 2860.31 246349 19937.56 -49.4859
INDEX OPTIONS 299108 25544.26 286955 24463.93 1323639 107059.85 1080.3339
STOCK FUTURES 288464 20997.52 287660 21113.23 1025367 74638.14 -115.7104
STOCK OPTIONS 91552 6924.67 91136 6874.68 82891 6242.66 49.9861
965.1237
SELL
STOCKS IN NEWS
 Granules India gets US FDA nod for Cetirizine
Hydrochloride (10 mg) tablets (used to treat hay
fever, allergies, angioedema) .
 Corporation Bank :K Srinivasa Murthy nominated as
a part-time non-official director.
 -Alkem Labs gets US FDA nod for Ezetimibe &
Simvastatin (10mg) tablets (a drug combination used
to treat dyslipidemia)
NIFTY FUTURE
The Nifty closed at 1049075. Important Pivot level,
which will act as crucial support for the index, is placed
at 10455, followed by 10420. On the upside, key
resistance levels are 10538 followed by 10586. we
advise to SELL NIFTY Future around 10490-10480 for the
targets of 10450– 10400 with strict stop loss of 10550.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10586.00 10538.00 10503.00 10455.00 10420.00
BANKNIFTY 25859.00 25651.00 25547.00 25339.00 25235.00

4. _____________________________________________________________________________________________________________________
Special Report
28 Dec-2017
COMMODITY ROUNDUP
Gold prices were nearly unchanged early on Wednesday as
the dollar held steady on expectations of a US tax overhaul.
Spot gold was steady at $1,261.79 an ounce at 0051 GMT.
US gold futures were little changed at $1,264.80 an ounce.
The dollar was supported on Wednesday after the House of
Representatives approved the biggest US tax overhaul in 30
years on Tuesday, though Congressional Republicans will
likely need to hold another vote later on Wednesday due to
procedural issues.
Gold prices edged up to touch a two-week high on Thursday
amid firm underlying support and expectations of year-end
purchases, with the dollar and stocks little changed in Asian
trade.
Spot gold was up 0.15 per cent at $1,267.50 an ounce at
0407 GMT, after hitting its best since Dec. 6 at $1,268.26
earlier.
US gold futures were up 0.1 per cent at $1,271 an ounce.
Among other precious metals, spot silver was unchanged at
$16.17 an ounce, having climbed to a two-week top of
$16.26 in the previous session.
Platinum was 0.4 per cent lower at $914.50 an ounce, after
marking its best since Dec. 5 in the previous session.
Palladium had gained 0.1 per cent to $1,024.24.
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.
Gold prices inched higher on Tuesday aided by a weaker
dollar. MCX Gold futures were trading 0.26 per cent up at Rs
28,727 per 10 gram at around 10.50 am (IST).
MCX Silver futures were also trading 0.22 per cent up at Rs
38,038 per 1 kg at around the same time.
According to trade experts bullion counter may trade with
upside path as weaker greenback and safe haven buying
amid North Korea tensions supported the prices.
Gold can move in range of Rs 28,500-28,800 while silver can
move in range of Rs 37,400-38,200 in near term.
On the other hand, domestic equity markets were trading
on a flat note at around the same time. However,
benchmark BSE Sensex topped 34,000 for the first time in
the early trade and the Nifty scaled a fresh high of 10,515.
Oil prices dipped on Thursday as soaring US output, fast
approaching 10 million barrels per day (bpd), outweighed a
drop in American crude inventories.
US West Texas Intermediate (WTI) crude futures were at
$58.02 a barrel at 0540 GMT, down 7 cents from their last
settlement.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD DEC ABOVE 29000 TGT 29050 29150 SL BELOW
28950
SELL GOLD DEC BELOW 28850 TGT 28800 28700 SL ABOVE
28950
SILVER
TRADING STRATEGY:
BUY SILVER DEC ABOVE 38800 TGT 39000 39300 SL BELOW
38600
SELL SILVER DEC BELOW 38400 TGT 38200 37900 SL ABOVE
38600

5. _____________________________________________________________________________________________________________________
Special Report
28 Dec-2017
NCDEX INDICES
Index Value % Change
Castor Seed 4412 -1.08
Chana 4082 -4
Coriander 5630 -1.59
Cotton Seed Oilcake 1861 1.92
Guar Seed 10 MT 4116 2.27
Jeera 21000 -1.48
Mustardseed 4007 -0.15
Soy Bean 3084 0.46
Turmeric 7898 1.49
Wheat 1699 0.12
RECOMMENDATIONS
DHANIYA
BUY CORIANDER DEC ABOVE 5550 TGT 5600 5700 SL
BELOW 5500
SELL CORIANDER DEC BELOW 5450 TGT 54005300 SL
ABOVE 5500
GUARGUM
BUY GUARGUM5 DEC ABOVE 9120 TGT 9170 9270 SL
BELOW 9070
SELL GUARGUM5 DEC BELOW 9000 TGT 8950 8850 SL
ABOVE 9050
Guargum prices declined by Rs 89 to Rs 8,190 per quintal in
future trading today as speculators liquidated positions,
tracking weak sentiments at the domestic spot markets.
Marketmen said cutting down of bets by the speculators in
line with subdued trend in spot markets mainly attributed
the fall in guar gum future prices. Besides, lower export
demand also turned kept pressure on guar gum prices, they
added. At the National Commodity and Derivative Exchange
counter, guar gum delivery for most-traded, delivery in
October contracts dropped by Rs 89 or 1.09 per cent to Rs
8,190 per quintal, with an open interest of 43,600 lots. The
delivery for the November month contract also slipped by
Rs 89 or 1.06 per cent to Rs 8,300 per quintal, in an open
interest of 10,450 lots. National Commodity and Derivatives
Exchange (NCDEX) has received encouraging response in
terms of soyabean contract with 1.45 lakh tonne of deposits
within just two months’ time of new arrival season.
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. Cardamom export for the quarter ended June
2017 was up by 10% in volume and 48% in value — 1,220
tonnes at Rs 134.55 crore from a year ago. The only worry
of the exporters now seems to be the delay in the refund of
goods and services tax (GST). Indian cardamom output
plummeted by half last year after peaking to 30,000 tonnes
in 2015-16. The current year saw a poor harvest in the first
round, but a revival in monsoon led to an increase in
arrivals.

6. _____________________________________________________________________________________________________________________
Special Report
28 Dec-2017
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 64.0538 Yen 56.5300
Euro 76.0255 GBP 85.6720
GBP/INR
BUY GBP/INR ABOVE 86.50 TGT 86.60-85.80 SL 86.40
SELL GBP/INR BELOW 85.30 TGT 85.50-85.70 SL 85.20
USD/INR
BUY USD/INR ABOVE 64.45 TGT 64.60-64.75 SL 64.35
SELL USD/INR BELOW 64.00 TGT 63.90-63.80 SL 64.10
The dollar held steady in Tuesday's holiday-thinned trade,
shrugging off upbeat Japanese economic data as market
participants pondered about next year's potential
catalysts.Markets in Australia and Hong Kong remained
closed after Monday's Christmas holiday, and many
financial centres in Europe will also be shut on Tuesday.
The euro inched down 0.1 percent to $1.1869 EUR= . The
single currency gave up some ground last week after
Catalan separatists won a regional election, deepening
Spain's political crisis in a sharp rebuke to Prime Minister
Mariano Rajoy and European Union leaders who backed
him. the yen, the dollar was almost flat on the day at
113.30 JPY= .
The market had a muted reaction to data released early on
Tuesday which showed that Japan's core consumer prices
rose for the 11th straight month, up 0.9 percent year-on-
year, and household spending jumped in November. the
inflation rate remains distant from the Bank of Japan's 2
percent target, the rise offered some hope that a steady
economic recovery will gradually drive up prices. Most
Asian currencies barely budged in thin holiday trade on
Tuesday, with the Chinese yuan briefly rallying to a 3-1/2-
month high before retreating on corporate dollar
demand.China's central bank lifted its official yuan
midpoint to the highest level in over three months at
6.5416 per dollar, reflecting a strong spot yuan
performance a day earlier. CNY/That pushed the onshore
yuan to a high of 6.5330 per dollar at one point in early
trade, the strongest level since Sept.13, but it came off in
the afternoon to be down on the day.

7. _____________________________________________________________________________________________________________________
Special Report
28 Dec-2017
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target
Stop
Loss
Remark
27/12/17 NCDEX DHANIYA DEC. BUY 5760 5810 5910 5710 NOT EXECUTED
27/12/17 NCDEX DHANIYA DEC. SELL 5640 5590 5490 5690 TARGET HIT
27/12/17
NCDEX
GUARGUM
DEC. BUY 8900 8950 9050 8850 OPEN
27/12/17
NCDEX
GUARGUM
DEC. SELL 8650 8600 8500 8700 NOT EXECUTED
27/12/17 MCX GOLD FEB. BUY 28700 28750 28850 28600 TARGET HIT
27/12/17 MCX GOLD FEB. SELL 28300 28350 28250 28500 NOT EXECUTED
27/12/17 MCX SILVER MAR. BUY 38100 38300 38700 37900 NOT EXECUTED
27/12/17 MCX SILVER MAR. SELL 37800 37600 37200 38000 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
27/12/17 NIFTY FUTURE BUY 10450-10460 10500– 10550 10400 NOT EXECUTED
27/12/17 AUROPHARMA FUTURE BUY 676-676.30 680-685 673 NOT EXECUTED
27/12/17 HDIL FUTURE BUY 59.80 60.80 -61.80 58.60 NOT EXECUTED
27/12/17 ZENTEC FUTURE BUY 153.30 157-161 150 NOT EXECUTED

8. _____________________________________________________________________________________________________________________
Special Report
28 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