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1. _____________________________________________________________________________________________________________________
Special Report
01 –JAN-2019
Global markets at a glance
The benchmark S&P 500 stock index ended little changed in
a choppy trading session on Tuesday as the possibility of a
partial US government shutdown raised investor jitters
ahead of a highly anticipated meeting of the Federal
Reserve. The Dow Industrials and the Nasdaq posted slight
gains, however, as shares of Boeing Co and the group of
internet-focused momentum stocks known as FAANG rose.
The Dow Jones Industrial Average rose 82.66 points, or
0.35 percent, to 23,675.64, the S&P 500 gained 0.22 point,
or 0.01 percent, to 2,546.16 and the Nasdaq Composite
added 30.18 points, or 0.45 percent, to 6,783.91.Asian
share markets played second fiddle to bonds on
Wednesday as a spectacular fall in the price of oil fanned
speculation the US Federal Reserve might be done with
tightening after its policy meeting later in the day. MSCI's
broadest index of Asia-Pacific shares outside Japan gained
0.2 percent in hesitant early trade. Japan's Nikkei eased 0.1
percent, while E-Mini futures for the S&P 500 inched up
0.17 percent.
PREVIOUS DAY ROUNDOFF
Benchmark indices witnessed a lackluster trading session
after opening gap up on Monday. The Nifty ended the
session absolutely flat down 2 points at 10,857, while Bank
Nifty settled 23 points higher at 27,149.The focus in today’s
session remained on broader market stocks with the Nifty
Midcap 100 and Nifty Smallcap 100 indices closing 0.46%
and 0.77% higher, respectively, led by sharp gains in stocks
such as Hindustan Construction and Butterfly Gandhimathi
Applianceswhich closed 20% higher each.Among the
sectoral indices, Nifty Metal was the best performing index
ending 1.36% higher. The advance/decline ratio closed in
favor of advances at 3:2x. Most major Asian markets were
shut on account of New Year celebrations. Nifty & Bank
Nifty futures added fresh open interest to the tune of 4.9%
and 9.6%, respectively.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[+0.85pts],
C o n s u m p t i o n [ + 0 . 7 5 p t s ] , P S E [ + 0 . 7 6 p t s ] , C P S E
[+1.11pts],Energy[+0.60pts],FMCG[+0.55pts],Auto
[+0.43pts],Pharma[+1.71pts],IT[+0.22pts],Metal
[+0.75pts],Realty[+0.26pts], Fin Serv sector[+0.78pts].
World Indices
Index Value % Change
DJI 23696 +0.37
S&P500 2506 -1.54
NASDAQ 6584 +0.08
FTSE100 6733 +2.27
NIKKEI 20014 -0.31
HANG SENG 25504 +0.10
Top Gainers
Company CMP Change % Chg
JSW Steel 306.75 8.65 2.9
Tata Steel 521.05 8.2 1.6
Vedanta 202.2 2.8 1.4
Tech Mahindra 723.15 9.15 1.28
Sun Pharma 430.5 5.3 1.25
Top Losers
Company CMP Change % Chg
Bharti Infratel 259 -4 -1.52
Bharti Airtel 312.5 -4.05 -1.28
HPCL 253.25 -2.65 -1.04
IOC 137.05 -1.15 -0.83
Axis Bank 619.9 -5.15 -0.82
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
BANG 53.8 3.6 6.69
GMMPFAUDLR 1228.1 25.9 2.11
HINDUNILVR 1860.55 -9.8 -0.53
IRCON 425.25 31.75 7.47
ICICILIQ 1000 0 0
Indian Indices
Company CMP Change % Chg
NIFTY 10862.5 2.60 +0.02
SENSEX 36068.33 -8.39 -0.02
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ADHUNIK 2.35 0.05 2.13
AMTEKAUTO 3.5 0 0
DAMODARIND 45.15 1.35 2.99
EASUNREYRL 5.45 0.25 4.59
ENIL 594.4 3.25 0.55

2. _____________________________________________________________________________________________________________________
Special Report
01 –JAN-2019
STOCK RECOMMENDATION [CASH]
JUBILANT FOOD
On Daily chart we have seen that stock near its support
level, expectation it will broke its support level. . Fresh
Buying we have seen in last trading session . After analysis
of derivative data its indicate that traders view is to buy
the stock . Our recommendation is also Buy the stock in
the range of 1250 target 1260/1270 Sl 1230
MACRO NEWS
 India's retail inflation eased to 2.3 percent in
November, according to data released by the
government on December 12. It stood at 4.88 percent
in November last year and was 3.31 percent in
October.Led by deflation in food items, softening
crude oil prices and relatively stable domestic
currency, the central bank kept key policy rates
unchanged last week.
 The Cabinet on December 17 approved amending the
existing laws to provide legal backing for seeding of
biometric ID Aadhaar with mobile numbers and bank
accounts as an optional KYC after the Supreme Court
barred mandatory use of 12-digit unique identifier by
private firms, sources said. The Cabinet headed by
Prime Minister Narendra Modi approved amendments
to the Telegraph Act and the Prevention of Money
Laundering Act (PMLA) after the Supreme Court in
September imposed restrictions on the use of Aadhaar
by private companies.
 Zydus Wellness that already has a strong presence in
the sugar substitute market, has expanded its portfolio
by launching a new variant Sugar Lite, said Tarun
Arora, Chief Operating Officer and Director, Zydus
Wellness.
RECOMMENDATIONS [FUTURE]
1. JUBILANT FOOD (FUTURE )
On Daily chart we have seen that stock near its support
level, expectation it will broke its support level. . Fresh
Buying we have seen in last trading session . After analysis
of derivative data its indicate that traders view is to buy the
stock . Our recommendation is also Buy the stock in the
range of 1250 target 1260/1270 Sl 1230
2. BEML [FUTURE]
On Daily chart we have seen that stock close above its pivot
resistense level . Fresh Buying we have seen in last trading
session . After analysis of derivative data its indicate that
traders view is to Buy the stock . Our recommendation is
also buy the stock in the range of 910 target 915/920 Sl
900

3. _____________________________________________________________________________________________________________________
Special Report
01 –JAN-2019
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 27,500 71.85 3,61,878 7,39,980
BANKNIFTY CE 27,300 130.15 3,08,644 4,03,120
BANKNIFTY CE 27,200 176.95 2,75,200 3,09,780
RELIANCE CE 1,160 25.7 2,506 5,55,000
RELIANCE CE 1,140 34.7 2,457 7,32,000
RELIANCE CE 1,200 13.1 1,878 6,20,500
MARUTI CE 8,000 85.7 1,835 1,12,200
RELIANCE CE 1,180 18.5 1,360 2,82,000
MARUTI CE 9,000 111.5 5,823 2,83,500MOST ACTIVE PUT OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY PE 27,000 101 4,07,042 6,75,920
BANKNIFTY PE 26,800 48.05 2,06,808 4,87,020
BANKNIFTY PE 26,900 70 1,89,460 3,19,200
RELIANCE PE 1,100 19.95 2,949 4,11,500
RELIANCE PE 1,120 27.45 2,337 2,75,500
RELIANCE PE 1,080 14.05 1,881 2,64,500
MARUTI PE 7,200 93 1,366 11,175
RELIANCE PE 1,060 9.5 1,305 3,46,500
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 186636 13921.68 195007 14676.42 443106 34263.28 -754.743
INDEX OPTIONS 2504350 151864.57 2507286 151949.34 904516 67556.53 -84.7702
STOCK FUTURES 561906 32306.16 563425 32578.21 1517487 90480.81 -272.0549
STOCK OPTIONS 121983 7071.84 122239 7080.18 161995 8995.63 -8.3369
-1119.905
SELL
STOCKS IN NEWS
Pfizer: Parent company Pfizer Inc USA and
GlaxoSmithKline plc entered into an agreement to create
a premier global consumer healthcare company.
TCS: Company launched next-generation private cloud in
Canada.
NIFTY FUTURE In last trading session we have seen the
buying pressure in the market. It form green bullish
candle on daily chart . We expect that upcoming week
from trading prospective is very volatile . Our view on
market is bearish ,our recommendation is to sell the nifty
future in the range of 10800 Target 10780/10750/10690
Sl 10700 .Sell on rise strategy follow for trading &
positional purpose.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10950 10906 10879 10835 10809
BANKNIFTY 27365 27262 27183 27081 27002

4. _____________________________________________________________________________________________________________________
Special Report
01 –JAN-2019
COMMODITY ROUNDUP
Crude prices were lower on Friday, as the Organization of
the Petroleum Exporting Countries (OPEC) struggled to
come up with an agreement on cutting oil production.West
Texas Crude oil futures for January slumped 0.50% to
$51.23 a barrel as of 4:54 AM ET (9:54 GMT), after falling
nearly 3% on Thursday. Meanwhile Brent crudefutures, the
benchmark for oil prices outside the U.S., dipped 0.45% to
$59.78.The Thursday session of the OPEC meeting in Vienna
ended without any decision on cutting oil supply, as Iran
seeks an exemption from any cuts due to U.S. sanctions
which have already weighed on its exports.
Saudi Arabia’s oil minister Khalid Al Falih said on Friday that
he is not confident a deal will be reached.Oil is down 30%
since October amid worry over increased supply as global
demand slows.Oil output from the world's biggest
producers - OPEC, Russia and the United States - has
increased by 3.3 million barrels per day (bpd) since the end
of 2017, to 56.38 million bpd, meeting almost 60 percent of
global consumption.
Pan Pacific Copper (PPC), Japan's top copper smelter,
expects the price of the industrial metal to rise toward
$7,000 a tonne in 2019, from about $6,168 now, backed by
firm global demand and tighter supply, its executive
said.PPC, which is also a miner controlled by JXTG
Holdings 5020.T , expects global consumption and supply of
refined copper to each increase by 2.2 percent in 2019 from
this year, Takeshi Suwabe, Pan Pacific's general manager for
marketing, told Reuters this week.
"With support from physical buyers, copper prices are likely
to try $6,400 level in the short term," he said.Three-month
copper CMCU3 on the London Metal Exchange has fallen 15
percent this year amid worries that the months-long U.S.-
Sino trade war may hurt the global economy including
China.But Suwabe said global copper sales have been solid
despite the trade spat and the price will likely climb toward
$7,000 - the level needed for miners to start developing
new mines - in the latter part of 2019 to reflect a tighter
market
Russian energy minister Alexander Novak returned to
Vienna on Friday after discussing OPEC with Russian
President Vladimir Putin in Moscow. said on Friday Russia
would seek an agreement with OPEC and non-OPEC
producers and a Russian Energy Ministry source said.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 31650 TGT 31700/31750 SL BELOW
31550
SELL GOLD BELOW 31450 TGT 31400/31320 SL ABOVE
31530
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 38900 TGT 38950/39000 SL BELOW
38750
SELL SILVER BELOW 38500 TGT 38450/38400 SL ABOVE
38600

5. _____________________________________________________________________________________________________________________
Special Report
01 –JAN-2019
NCDEX INDICES
Index Value % Change
Barley 1918.5 -0.13
Castor Seed 5142 -3.73
Chana 4529 -3.97
Coriander 6340 -3.99
Cotton Seed Oilcake 1867 -2.09
Guar Seed 10 MT 4308 -2.81
Jeera 17740 -3.04
Mustardseed 3983 -1.88
Soy Bean 3343 -0.24
Turmeric 6604 -0.67
RECOMMENDATIONS
GUARGUM5
TRADING STRATEGY:
BUY GUARGUM JAN ABOVE 8390 TARGET 8405/8420/8450
SL 8330
SELL GUARGUM ABOVE JAN 8320 TARGET
8305/8280/8260 SL 8380
DHANIYA
TRADING STRATEGY:
BUY DHANIYA JAN ABOVE 6210 TARGET 6225/6240/6270
SL 6160
SELL DHANIYA JAN ABOVE 6170 TARGET 6155/6140/6110
SL 6230
Despite a reduction in Australian production, world wheat
supplies for 2018-19 have increased by 800,000 tonnes,
according to the latest US Department of Agriculture world
supply report.A bumper Canadian crop and additional
Russian carry-over stocks have levelled out the gap in grain
production as Australian production suffers the effects of
drought.Australia’s wheat exports were lowered by one
million tonnes to 10.5 million tonnes, as export prices were
expected to remain uncompetitive and domestic grain
supplies likely to be consumed as feed, the report said.In
comparison, Australian wheat exports in 2017-18 reached
14 million tonnes.The report also scaled back total
Australian grain production by 500,000 tonnes to 17 million
tonnes for 2018-19.Global ending stocks are raised 1.4
million tons to 268.1 million, primarily on increases for the
EU and the United States but are 4 percent lower than last
year’s record 279.9 million.
Centre has threatened action against exporters because the
country may miss the export target of 5 million tonnes by a
wide margin.Traders have managed to ship only 179,000
tonnes for the October-December quarter while 80,000
tonnes are at various ports awaiting the loading operation.
This would mean the maximum possible exports for the
quarter would be 260,000 tonnes, against the total 600,000
tonnes the exporters have contracted for, the report said.
The domestic inventory has 10 million tonnes of carryover
stocks while an additional 31.5 million tonnes of current
year's output is expected. A domestic consumption of 25.5
million tonnes is inadequate to reduce the stocks.India is
already facing international heat over what other Sugar
exporting nations call market-distorting subsidies causing
a global price slump.

6. _____________________________________________________________________________________________________________________
Special Report
01 –JAN-2019
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 70.55 Yen 63.76
Euro 80.66 GBP 89.2425
USD/INR
TRADING STRATEGY:
USD/INR
BUY USDINR NOV ABOVE 70.30 TGT 70.42 72.5 SL 70
SELL USDINR NOV BELOW 70.10 TGT 70 69.8 SL 70.4
GBP/INR
TRADING STRATEGY:
BUY GBPINR NOV ABOVE 90.6 TGT 90.7 90.8 SL 90.4
SELL GBPINR NOV BELOW 90.4 TGT 90.3 90.2 SL 90.6
The Indian rupee, on Wednesday, opened over 34 paise
higher against the US dollar at 70.10 per US dollar. Falling
crude oil prices is aiding the rally on Indian currency.The
currency further gained strength as it passed 70 per US
dollar mark. It touched an intraday low of 69.89 per US
dollar.The currency on December 18 rallied by a whopping
112 paise, its best single-day gains in over five years, to
settle at 70.44 against the US dollar as softening crude oil
prices eased concerns over India's current account deficit
expansionBesides, sustained selling of the American
currency by exporters and banks as well as the greenback's
weakness against its key rivals globally ahead of the US Fed
policy decision on December 19 also helped the domestic
unit scale further heights.
The dollar fell on Wednesday as investors bet that the
Federal Reserve would signal plans to slow its pace of
interest rate raises at a keenly-watched meeting later in
the day.Fed policy makers are widely tipped to raise rates
for a fourth time this year but also to express caution
about future monetary tightening due to concern about
slowing global growth.Expectations of a pause from the
Fed amid a U.S.-China trade conflict and global financial
market volatility has led some investors to question if the
dollar's stellar run will continue into 2019.
U.S. President Donald Trump has repeatedly berated the
Fed and on Tuesday said in a Tweet it was "incredible" for
the central bank to even consider tightening given global
economic uncertainties."A hike is still likely, regardless of
Trump's displeasure, but there's a very good chance that
they will reduce the number of hikes in 2019 to two (from
three)," said Kit Juckes, global head of FX strategy
at Societe Generale (PA:SOGN).The safe-haven yen and the
Swiss franc both strengthened as an overnight plunge in oil
prices provided a stark reminder of the dimming prospects
for the global economy.The euro was also supported by
news that Italy had struck a deal with the European
Commission over its contested 2019 budget, signalling an
end to weeks of wrangling that had shaken financial
markets.

7. _____________________________________________________________________________________________________________________
Special Report
01 –JAN-2019
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
31/12/18 NCDEX DHANIYA JAN BUY 6210
6225/6240/62
70
6160 NOT EXECUTED
31/12/18 NCDEX DHANIYA JAN Sell 6170
6155/6140/61
10
6230 NOT EXECUTED
31/12/18
NCDEX
GUARGUM5
JAN BUY 8390
8405/8420/8/
450
8330 TARGET HIT
31/12/18
NCDEX
GUARGUM5
JAN SELL 8320
8305/8280/82
60
8380 NOT EXECUTED
31/12/18 MCX GOLD JAN BUY 31200 31250/31300 31100 NOT EXECUTED
31/12/18 MCX GOLD JAN SELL 31000 30950/30900 31200 NOT EXECUTED
31/12/18 MCX SILVER MAR BUY 37800 37850/37925 33600 NOT EXECUTED
31/12/18 MCX SILVER MAR SELL 37300 37200/37150 37400 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
31/12/18 NIFTY FUTURE SELL 10940
10900/10850/
10820
11000 TARGET HIT
31/12/18 JUBILANT FOOD FUTURE BUY 1250 1260/1270 1230 TARGET HIT
31/12/18 BEML FUTURE BUY 910 915/920 900 TARGET HIT
31/12/18 JUBILANT FOOD CASH BUY 1250 1260/1270 1230 TARGET HIT

8. _____________________________________________________________________________________________________________________
Special Report
01 –JAN-2019
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Disclaimer
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
9:45 am Markit manufacturing index flash Nov. -- 55.7
9:45 am Markit services index flash Nov. -- 54.8
A GOVERNMENT SHUTDOWN COULD DELAY THE RELEASE OF SEVERAL INDICATORS THIS WEEK.
MONDAY, DEC. 24
8:30 am Chicago Fed national activity index Nov. 0.22 -- 0.00
TUESDAY, DEC. 25
None scheduled
Christmas Day
WEDNESDAY, DEC. 26
9 am Case-Shiller home prices Oct. 5.5% -- 5.5%
THURSDAY, DEC. 27
8:30 am Weekly jobless claims 12/22 217,000 214,000
10 am Consumer confidence index Dec. 133.3 135.7
10 am New home sales* Nov. 563,000 544,000
FRIDAY, DEC. 28
8:30 am Advance trade in goods* Nov. -$76.1 bln -$77.0bln
9:45 am Chicago PMI Dec. -- 66.4
10 am Pending home sales Nov. -- -2.6%
TIME (ET) REPORT PERIOD ACTUAL
MEDIAN
FORECAST
PREVIOU