European shares rose on Tuesday, helped by a rally in It-aly's biggest bank UniCredit on plans to bolster its balance sheet, while takeover speculation allowed Mediaset to make its best one-day gain ever. Mediaset surged 31.9%, the biggest gainer in Europe, after French media group Vivendi said it owned a 3% stake in the Italian broadcaster and planned to raise that to as much as 20 percent, fuelling expectations of a takeover bid. The pan-European STOXX 600 index climbed to a new 11-month high to end up 1.1%

1. DAILY REPORT
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th
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Global markets at a glance
European shares rose on Tuesday, helped by a rally in It-
aly's biggest bank UniCredit on plans to bolster its balance
sheet, while takeover speculation allowed Mediaset to
make its best one-day gain ever. Mediaset surged 31.9%,
the biggest gainer in Europe, after French media group
Vivendi said it owned a 3% stake in the Italian broadcaster
and planned to raise that to as much as 20 percent, fuelling
expectations of a takeover bid. The pan-European STOXX
600 index climbed to a new 11-month high to end up 1.1%
Asia shares crept cautiously higher on Wednesday while a
hush settled on the US dollar as investors felt certain the
Federal Reserve would raise rates for the first time in a
year, but were less sure what it might herald for 2017. Aus-
tralia led the early going with gains of 0.7 percent and
MSCI's broadest index of Asia-Pacific shares outside Japan
nudged up 0.2 percent. Japan's Nikkei went the other way,
easing 0.1 percent with moves across the region modest at
best. The outcome of the Fed's policy meeting will be an-
nounced at 1900 GMT.
US stocks racked up new all-time highs on Tuesday andDJI
average ended fewer than 100pts away from 20,000 mark
as a post-election rally showed no signs of fatigue. All 3 ma-
jor indexes established record highs. The Dow has climbed
about 9% since the Nov. 8 election, with gains fuelled by
expectations that President-elect Donald Trump will reduce
taxes and regulation and stimulate the economy.
Previous day Roundup
After volatility, benchmark indices gained strength in last
couple of hours of trade on Tuesday, with the Nifty ending
above 8200 level ahead of the upcoming policy meeting of
Federal Reserve that will begin tonight. Positive European
cues and short covering in index heavyweights helped the
market recover previous day's losses. The Sensex jumped
182.58 points to 26697.82 and the NSE Nifty rose 51 points
to 8221.80 while the broader markets underperformed
benchmarks, with the Midcap falling 0.4 percent.
Index stats
The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [down
85.58pts], Capital Goods [down 99.49pts], PSU [down 49.16
pts], FMCG [down 97.59pts], Realty [down 6.43pts], Power
[down 2.11pts], Auto [down 353.74pts], Healthcare [down
70.93pts], IT [down 40.01pts], Metals [down 29.51pts],
TECK [down 33.28pts], Oil& Gas [down 138.10pts].
World Indices
Index Value % Change
DJI 19911.21 +0.58
S&P500 2271.72 +0.65
NASDAQ 5463.83 +0.95
FTSE100 6968.57 +1.13
NIKKEI 19206.46 -0.23
HANG SENG 22573.30 +0.56
Top Gainers
Company CMP Change % Chg
TECHM 487.00 17.60 3.75
TATAMOTORS 470.30 15.90 3.50
BPCL 629.40 17.55 2.87
WIPRO 464.00 10.45 2.30
ADANIPORTS 287.00 5.65 2.01
Top Losers
Company CMP Change % Chg
ULTRACEMCO 3,364.90 97.45 -2.81
HINDALCO 177.25 4.70 -2.58
ZEEL 441.55 10.75 -2.38
BHEL 125.35 2.15 -1.69
GRASIM 849.50 12.25 -1.42
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
BHARATFORG 1,000.00 31.90 3.30
ENGINERSIN 313.30 1.45 0.46
JSWHL 1,420.00 92.30 6.95
THYROCARE 695.70 17.40 2.57
VAKRANGEE 267.15 -17.10 -6.02
TVSELECT 218.50 -2.40 -1.09
—
Indian Indices
Company CMP Change % Chg
NIFTY 8221.80 +51.00 +0.62
SENSEX 26697.82 +182.58 +0.69
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
DBSTOCKBRO 14.20 -0.10 -0.70
RAMCOSYS 297.95 -3.00 -1.00
RESPONIND 63.00 -2.65 -4.04

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STOCK RECOMMENDATION [CASH]
INOXWIND [CASH]
On the daily chart the INOXWIND has taken reversal from
trend-line support and made bullish candlestick rose with
heavy volume participation also crossed the near resis-
tance level of 204 and closed above it thus its looking good
buy opportunity above 205 for the target of 208-210 with
SL below 200.
MACRO NEW
 India's consumer prices climbed 3.63% yoy in November,
slower than the 4.2% increase seen in October
 Oil prices surge on output deal
 Principal MF doesn’t see massive investment from banks
into MFs
 FPIs on a selling spree in debt mkt; shift to developed
mkts
 Tata Motors shares gain 5% after block deals worth Rs
2,400 cr
 Coal India Q2 Cons Net Profit At `600.4 Cr Vs CNBC-TV18
Poll Of `2,150 Cr
 Listing - Mandhana Retail
 JSW- JPVL - sale of Bina plant in slow lane
 TAMO looking to sell Bolt as taxi
 Adani Ports-Indian Port Rail Corporation to start work on
4300 cr rail project
 DLF may split 40% stake sale in Arm between GIC &
blackstone
 Govt asks Axis Bank to put its house on order
 KRBL has set up Furfuryl Alcohol plant for Rs7cr Thomas
Cook approved NCDs worth Rs300cr
 Jindal Steel & Power gets commercial date of operation
for last unit at Tamnar wef 12 Dec 2016
 Wockhardt- Daman unit compliant with principles &
guidelines of good manufacturing as per UK MHRA
 NTPC to raise Rs3925cr via NCDs
 RBL Bank - ICRA assign short term rating of ICRA A1+
 Indiabulls Real Estate opening date for buyback
STOCK RECOMMENDATIONS [FUTURE]
1. APOLLOTYRE [FUTURE]
Last trading session APOLLOTYRE future show positive per-
formance and close near major resistance level with bullish
candlestick in daily chart. And since last session it rose with
rising OI in long side.So we expect the lead to good upside
in the stock. So we advise you to Buy Apollotyre future
above 198 for the target of 200-203 with SL of 195.
2. JETAIRWAYS [FUTURE]
Last trading session JETAIRWAYS future show positive
strength and take a good bounce back at lower level and
ended with bullish candlestick in daily chart. So if future
cross yesterday high .We may see sharp rise for that it will
be good to buy above 365 for the target of 370-380 with SL
of 357.

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FUTURES & OPTIONS
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 8,300 59.00 1,32,915 51,57,825
NIFTY CE 8,400 27.00 1,09,169 43,45,125
BANKNIFTY CE 18,500 114.30 93,524 2,14,520
TATAMOTOR CE 520 1.50 2,466 12,94,500
BHARATFORG CE 1,000 30.65 1,996 1,50,600
RELIANCE CE 270 5.40 1,959 42,54,000
AXISBANK CE 1,040 16.25 1,798 5,03,500
TATASTEEL CE 460 9.00 1,692 9,48,000
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 8,200 89.00 1,17,164 42,69,600
NIFTY PE 8,100 57.40 1,02,734 41,03,550
BANK NIFTY PE 18,000 26.40 70,070 3,81,040
TATAMOTOR PE 440 3.65 2,094 13,32,000
TATASTEEL PE 410 6.05 1,615 9,34,000
AXISBANK PE 440 7.15 1,439 7,09,200
RELIANCE PE 1,000 5.20 1,181 5,91,000
SBIN PE 260 4.55 1,138 22,80,000
FII DERIVATIVES STATISTICS
BUY OPEN INTEREST AT THE END OF THE DAYSELL
No. of
Contracts
Amount in
Crores
No. of
Contracts
Amount in
Crores
No. of
Contracts
Amount in
Crores
NET AMOUNT
INDEX FUTURES 18450 1171.94 14682 936.25 213392 13538.52 235.68
INDEX OPTIONS 353234 23327.17 355257 23461.87 1055879 66185.69 -134.70
STOCK FUTURES 77631 5066.42 84326 5543.85 885431 54401.29 -477.43
STOCK OPTIONS 37587 2633.13 38906 2709.39 80391 5238.69 -76.26
TOTAL -452.69
STOCKS IN NEWS
 JSPL Says 4th Unit Of Power Plant At Tamnar Com-
mences Commercial Ops From Dec 12
 Prism Cement Board Approves Issuing NCDs Worth
`200 Cr
 Karnataka Bank rights issue shares available for trading
 Bajaj Electricals enters into strategic alliance with UK
based Gooee for IoT based lighting solutions
 Tata Motors /Bharat Forge: Rivals object to TAMO’s
bid to make infantry combat vehicles
 Kaveri Seed Q2 Net Profit At `7 Cr Vs Loss Of `42.5 CR
NIFTY FUTURE
NIFTY in yesterday trading session consolidated till 1st
half and moving around 70 points it ended in a positive
note. Today it may follow the same pattern. 8150 is a
good support level for the index, So we advise you to
buy nifty around 8200 for the targets of 8270 and 8350
with strict stop loss of 8100
INDICES R2 R1 PIVOT S1 S2
NIFTY 8275.10 8248.40 8202.10 8175.40 8129.10
BANKNIFTY 18617.00 18541.00 18416.00 18340.00 18215.00

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COMMODITY ROUNDUP
MCX Copper edged up in afternoon trades amid supportive
cues from equities and ideas that demand from Asia would
remain strong. The Asian Development Bank maintained its
developing Asia growth outlook for 2017 while lowering its
estimate for this year. ADB downgraded its 2016 growth
projection to 5.6% from 5.7%. But kept unchanged at 5.7%
its growth estimate for 2017 in its Asian Development Out-
look 2016 Update report. COMEX Copper futures are on the
rise today after testing a one week low in last session. The
metal is quoting at $2.625 per pound, up 0.27% on the day.
MCX Copper futures are trading at Rs 393.25 per kg, up
0.50% on the day as a quick rebound above Rs 390 levels
firmed up the sentiments.
Iron ore stocks are growing at mine heads, with lower off-
take while output has been rising. Data from the Indian Bu-
reau of Mines shows the total stock of ore at end-July was
144.5 million tonnes (mt). Of this, 85 per cent had built up
in Odisha, the largest producer, and Jharkhand. Around 70
per cent of the stockpile comprises ore with content below
62 per cent, both lumps and fines, the latter being 93 per
cent of this.
The international crude oil price of Indian Basket as com-
puted by PPAC under the Ministry of Petroleum and Natural
Gas was US$ 54.42 per barrel (bbl) on 12.12.2016. This was
higher than the price of US$ 51.03 per bbl on previous pub-
lishing day of 08.12.2016. In rupee terms, the price of Indian
Basket increased to Rs. 3677.60 per bbl on 12.12.2016 as
compared to Rs. 3440.97 per bbl on 08.12.2016. Rupee
closed at Rs. 67.58 per US$ on 12.11.2016.
Gold dropped towards its ten month low yet again today,
falling near $1160 levels as equities stayed supported. US
dollar firmed up as traders geared themselves up for the
last US Fed meeting for the year. The meeting is most likely
to deliver a widely expected hike in US interest rates. Fed
had hikes rates for the first time in nearly one decade in Dec
2015. A redux this time could hit Gold further. However,
with the Indian retail prices lingering around Rs 27500 per
10 grams, there is a possibility of increased demand for jew-
ellery as wedding season approaches. MCX Gold futures are
trading at Rs 27550 per 10 grams, down 0.42% on the day.
Large speculators and traders decreased their net positions
in the gold futures markets last week for the fourth con-
secutive week. The non-commercial futures contracts of
Comex gold futures, traded by large speculators and hedge
funds, totaled a net position of 136,380 contracts in the
data reported through Dec 6th.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 27700 TGT 27800 28000 SL BELOW
27600
SELL GOLD BELOW 27400 TGT 27300 27100 SL ABOVE
27500
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 41415 TGT 41615 42200 SL BELOW
41200
SELL SILVER BELOW 41000 TGT 40800 40200 SL ABOVE
41200
MCX

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NCDEX
NCDEX INDICES
Index Value % Change
BARLEY 1827 +0.63
CORIANDER 7792 +0.06
COTTON SEED 1945 -2.06
GUAR SEED 3304 +0.58
JEERA 17865 -0.78
MUSTARDSEED 4715 +0.70
SOYA BEAN 3023 +0.83
SUGAR M GRADE 3420 +0.77
TURMERIC 7388 -1.49
WHEAT 2065 +0.58
RECOMMENDATIONS
DHANIYA
BUY CORIANDER JANABOVE 7780 TARGET 7830 7890 7960
SL BELOW 7750
SELL CORIANDER JANBELOW 7680 TARGET 7630 7570 7500
SL ABOVE 7710
GUARGUM
SELL GUARGUM DEC BELOW 6210 TARGET 6160 6100 6050
SL ABOVE 6260
BUY GUARGUM5 DEC ABOVE 6290 TARGET 6340 6400 6450
SL BELOW 6240
The global Pepper market has firmed up though the overall
activity remains tight. Buyers have filled up sufficient stocks
in anticipation of long new yearend holidays. Except Sri-
Lanka, the price of black Pepper in most of the origins has
increased. In Vietnam and India the prices have increased
sharply. In Lampung and Sarawak the black Pepper prices
were reported stable. In dollar terms however, local price
of Lampung and Sarawak black increased marginally by 1%
due to strengthening of local currencies against US dollar.
Waiving the wheat import duty is likely to affect farmers
during the rabi sowing season. Since speculation surfaced
about the duty waiver two weeks ago, the price of wheat in
international markets has jumped by more than 13%to
$210 a tonne. Despite this, the cost of imported wheat in
ports in south India is Rs 200-250 a tonne less than prevail-
ing local prices. From Rs 1,600 a quintal at the beginning of
the previous rabi season, wheat prices have risen to Rs
2,100-2,150 now in the northern states. The government
lowered the wheat import duty from 25%to 10%in Septem-
ber and waived it earlier this week.
The Centre’s decision to cut the import duty on wheat from
10 per cent to zero during the peak sowing season might
look like an anti-farmer measure. But, officials and traders
say that with stocks in government godowns falling, the
move is to prevent any chance of import on government
account to run the public distribution system (PDS) next
year (2017-18) India annually requires 27-30 million ton-
nes of wheat to run its PDS, which should not be difficult to
procure if private players have adequate stocks in their
pipeline.

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RBI Reference Rate
Currency Rate rrency Rate
Rupee- $ 67.4867 Yen 58.5400
Euro 71.7654 GBP 85.5461
CURRENCY
USD/INR
BUY USD/INR ABOVE 67.60 TGT 67.80 68.00 SL 67.30
SELL USD/INR BELOW 67.40 TGT 67.20 67.00 SL 67.70
EUR/INR
BUY EUR/INR ABOVE 71.90 TGT 72.10 72.30 SL 71.60
SELL EUR/INR BELOW 71.40 TGT 71.20 71.00 SL 71.70
CURRENCY MARKET UPDATES:
The rupee weakened further on Tuesday and closed 12
paise lower at 67.54 against the US dollar on steady de-
mand for the greenback from importers and corpo-
rates. Currency traders stayed on sidelines amid extreme
caution ahead of Wednesday's FOMC rate decision. Heavy
capital outflows from foreign funds and release of domes-
tic macroeconomic data, as government will release infla-
tion data based on CPI later in the day, largely weighed on
trade.The home currency opened substantially weak at
67.47 as compared to last Friday's closing level of 67.42 at
the Interbank forex market. It remained under pressure
throughout the day and touched an intra-day low of 67.55
during late afternoon deals before ending at 67.54, reveal-
ing a loss of 12 paise, or 0.18 per cent.
In worldwide trade, the dollar steadied against the yen and
euro on Tuesday after its weakest day in a week, with mar-
kets still uneasy that a Federal Reserve meeting ending on
Wednesday may provoke more investors to take out
greenback's recent gains. The US dollar index was quoted
modestly higher at 101.12 in late afternoon trade. Mean-
while, the RBI today fixed the reference rate for the dollar
at 67.4867 and euro at 71.7654. In cross-currency trades,
the rupee fell back sharply against the pound sterling to
end at 85.78 from 85.01 and also retreated against the
euro to finish at 71.65 as compared to 71.43 last weekend.
The home unit, however, rebounded against the Japanese
yen to settle at 58.52 from 58.83 per 100 yens previously.
Earlier, vendors and traders were used to get Rs 90 for
every Nu 100 they converted. The batta, the local lingo for
exchange fee, was 10%. Post demonetisation, “ulta batta”
has come into practice due to market forces. This means
that locals like Jogi have earned nothing less than a 30-35%
premium for exchanging rupee into Nu. The rupee is ac-
cepted as a valid tender in Bhutan. But, Nu is not officially
accepted in India. But ask Jogi about this, he frowns. “A
majority of our customers are from Bhutan and they pay in
Nu. And we accept this without any fuss.”

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Date
Commodity/ Currency
Pairs
Contract Strategy Entry Level Target Stop Loss Remark
13/12/16 NCDEX DHANIYA JAN. BUY 8300 8345-8445 8235 NOT EXECUTED
13/12/16 NCDEX DHANIYA JAN. SELL 7650 7605-7505 7715 1ST TARGET
13/12/16 NCDEX GUARGUM DEC. BUY 6280 6330-6400 6210 CALL OPEN
13/12/16 NCDEX GUARGUM DEC. SELL 6200 6150-6080 6270 ALL TARGET
13/12/16 MCX GOLD FEB. BUY 27700 27800-28000 27600 NOT EXECUTED
13/12/16 MCX GOLD FEB. SELL 27500 27400-27300 27600 1ST TARGET
13/12/16 MCX SILVER MAR. BUY 41800 42000-42500 41600 NOT EXECUTED
13/12/16 MCX SILVER MAR. SELL 41250 41050-40650 41450 CALL OPEN
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
13/12/16 NIFTY FUTURE BUY 8140 8200-8280 8070 NOT EXECUTED
13/12/16 JETAIRWAYS FUTURE SELL 353 345-335 366 CALL OPEN
13/12/16 ONGC FUTURE BUY 314 317-320 310 NOT EXECUTED
13/12/16 VIJAYA BANK CASH BUY 47.20 48-48.50 45 ALL TARGET

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NEXT WEEK'S U.S. ECONOMIC REPORTS
ECONOMIC CALENDAR
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TIME REPORT PERIOD ACTUAL
CONSENSUS
FORECAST
PREVIOUS
MONDAY, DEC. 12
2 PM FEDERAL BUDGET NOV.
TUESDAY, DEC. 13
6 AM NFIB SMALL-BUSINESS INDEX NOV. 94.9
8:30 AM IMPORT PRICE INDEX NOV. 0.5%
WEDNESDAY, DEC. 14
8:30 AM RETAIL SALES NOV. 0.8%
8:30 AM RETAIL SALES EX-AUTOS NOV. 0.8%
8:30 AM PRODUCER PRICE INDEX NOV.. 0.0%
9:15 AM INDUSTRIAL PRODUCTION NOV. 0.0%
10 AM BUSINESS INVENTORIES OCT. 0.1%
2 PM FOMC ANNOUNCEMENT, PROJECTIONS
2:30 PM JANET YELLEN PRESS CONFERENCE
THURSDAY, DEC. 15
8:30 AM WEEKLY JOBLESS CLAIMS 12/3 -- --
8:30 AM CONSUMER PRICE INDEX NOV. 0.4%
8:30 AM CORE CPI NOV. 0.1%
8:30 AM EMPIRE STATE INDEX DEC. 1.5
8;30 AM PHILLY FED INDEX DEC. 7.6
8:30 AM CURRENT ACCOUNT DEFICIT Q3
9:45 AM MARKIT MANUFACTURING PMI (FLASH) DEC. 54.1
10 AM HOME BUILDERS' INDEX DEC. 63
FRIDAY, DEC. 16
8:30 AM HOUSING STARTS NOV. 1.323 MLN
8:30 AM BUILDING PERMITS NOV. 1.260 MLN