US stocks fell on Thursday after the United States moved to impose tariffs on metal imports from Canada, Mexico and the European Union, prompting retaliatory measures from some of its trading partners

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Special Report
01-Jun-2018
Global markets at a glance
US stocks fell on Thursday after the United States moved to
impose tariffs on metal imports from Canada, Mexico and
the European Union, prompting retaliatory measures from
some of its trading partners.
For the month, however, the S&P 500 , Dow Industrials and
Nasdaq had their biggest percentage gains since January.
The small-cap Russell 2000 index , whose constituents tend
to be domestically focused, had its biggest monthly
percentage gain since September.
On Thursday, U.S. Commerce Secretary Wilbur Ross said a
25 percent tariff on steel imports and a 10 percent levy on
aluminum imports from its allies would go into effect on
Friday.
Asian equities sagged on Friday as worries about U.S. trade
policy hit global financial markets, which were already
shaken this week by political turmoil in Italy.Wall Street
shares posted deep losses overnight after the United States
said it would impose tariffs on aluminium and steel imports
from Canada, Mexico and the European Union.Fears of a
global trade conflict, which had partially receded over the
past few weeks, were rekindled as Washington's allies took
steps to retaliate against the U.S. measures.
Previous day Roundup
The Nifty picked up pace in the last one hour of trading
session to reclaim 10,700 levels on Thursday which made a
strong bullish candle on the daily candlestick charts.
Traders are advised to remain long on the index and trade
with a stop below 10,600.The index managed to register a
breakout above 10,700 levels but Nifty rollovers stood at
58 percent which was slightly below 72 percent recorded in
April expiry and was lower than the 3-month average of
67.3 percent.The Nifty which opened at 10,670.15 slipped
marginally to 10,620.40 before bulls took control of D-
Street. The index hit an intraday high of 10,763.80 before
closing the day 121.80 points higher at 10,736.15.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[15.30],
Consumption[8.50pts],PSE[35.60pts],CPSE[36.15
pts],Energy[121.90pts],FMCG[156.25pts],Auto[ -
29.70pts],Pharma[-100.85pts],IT[108.31pts],Metal[-
16.50pts],Realty[-2.10 pts], Fin Serv sector[232.25 pts].
World Indices
Index Value % Change
DJI 24,415.84 -1.02
S&P500 2,710.20 0.17
NASDAQ 6,988.20 0.18
FTSE100 7,678.20 0.15
NIKKEI 22,273.05 0.32
HANG SENG 30,440.09 -0.09
Top Gainers
Company CMP Change % Chg
Adani Ports 392.15 17.75 4.74
HDFC Bank 2,139.45 91.10 4.45
IndusInd Bank 1,955.45 70.60 3.75
Tech Mahindra 712.35 25.10 3.65
M&M 922.95 25.00 2.78
Top Losers
Company CMP Change % Chg
Sun Pharma 480.35 -14.20 -2.87
Tata Motors 282.50 -6.40 -2.22
Hindalco 234.20 -3.90 -1.64
Hero Motocorp 3,544.90 -56.55 -1.57
Titan Company 900.10 -13.50 -1.48
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
ASTRAL 1012.95 21.05 2.08
BAJAJFINSV 5958.85 91.15 1.53
BDL 402.3 2.7 0.67
BRITANNIA 5789.85 154.15 2.66
CUB 183.2 12.95 7.07
DMART 1565.95 -35.95 -2.3
GODREJCP 1133.45 12.95 1.14
ARVSMART
Indian Indices
Company CMP Change % Chg
NIFTY 10736.20 121.80 1.15
SENSEX 35322.38 416.27 1.19
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ABAN 145.8 -4.55 -3.12
ACCELYA 1168.8 -3.75 -0.32
ADROITINFO 28.05 0.05 0.18

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Special Report
01-Jun-2018
STOCK RECOMMENDATION [CASH]
TECHM [CASH]
The particular script is moving near to its 52 weeks high
price after touching its support level of 674 it had
rebounded , the only reisstance level which may act as a
hurdle is 718.70 so we advice you to buy TECHM FUTURE
AROUND 719-720 TGT 730-740 SL BELOW 710.
MACRO NEW
 Trends on SGX Nifty indicate a flat opening for the
broader index in India, a gain of 4.5 points or 0.04
percent. Nifty futures were trading around 10,720.50-
level on the Singaporean Exchange.
 The Indian economy grew 7.7 percent in January-
March, the fastest in nearly two years, signaling quick
turnaround aided by rapid construction activity,
consumer spending and corporate investment.The
new estimates firmly cements India’s place as the
fastest growing major economy, ahead of China’s 6.8
percent growth in the quarter-ended March. For the
entire fiscal year 2017-18, India grew at 6.7 percent
the government said in its new estimates on Thursday,
marginally higher than the 6.6 percent expansion
projected in February and slowest in the last four
years.
 Fiscal deficit for 2017-18 worked out to be 3.53
percent of the GDP, broadly in line with the
government's revised estimates. According to the data
released by the Controller General of Accounts (CGA),
the revenue deficit was 2.65 percent of the GDP.In
absolute terms, the fiscal deficit was Rs 5.91 lakh crore
or 99.5 percent of the Budget estimates. The
government in the Budget, in February, had revised
the fiscal deficit target for 2017-18 to 3.5 percent from
the earlier estimate of 3.2 percent. It proposes the
bring down the fiscal deficit -- the gap between total
expenditure and total revenue -- during 2018-19 to 3.3
percent of the gross domestic product (GDP).
RECOMMENDATIONS [FUTURE]
1.ONGC [FUTURE ]
The particular script has rebounded from its support level of
176 the only resistance which can act as a hurdle is 179.20
so we advice to BUY ONGC AROUND 179.20-180 TGT 184-
188 SL BELOW 177.
2.KAJARIACER [FUTURE]
The particular script is moving in a channel and as per the
yesterday volume it shows that the bears may drag price
downside so we advice you to SELL KAJRIACER FUTURE
AROUND 544-543 TGT 535-525 SL ABOVE 550.

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01-Jun-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 26,600 320 10,89,381 2,97,720
BANKNIFTY CE 26,900 28.8 9,24,133 1,14,680
BANKNIFTY CE 26,700 223 9,18,739 1,40,160
SBIN CE 270 0.05 13,293 37,74,000
HDFCBANK CE 2,100 37.4 12,880 3,61,000
RELIANCE CE 920 0.05 11,201 9,18,000
MARUTI CE 8,600 0.05 7,903 54,300
HDFCBANK CE 2,120 19.3 7,850 3,10,500
MOST ACTIVE PUT OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY PE 26,400 0.05 8,35,907 8,08,200
NIFTY PE 10,600 0.05 7,68,098 46,93,725
BANKNIFTY PE 26,300 0.1 7,60,535 11,48,680
ICICIBANK PE 280 0.05 6,112 62,04,000
SBIN PE 260 0.05 4,980 35,79,000
SBIN PE 265 0.05 4,904 24,57,000
MARUTI PE 8,500 0.1 4,812 49,800
TATASTEEL PE 580 3.5 4,649 3,11,934
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 51461 4451.02 46178 3971.43 293757 24562.46 479.5895
INDEX OPTIONS 814044 75063.06 808593 74582.07 910897 75681.63 480.9843
STOCK FUTURES 374729 24498.67 362599 24060.22 1232996 84824.25 438.4492
STOCK OPTIONS 137081 9354.54 138728 9503.62 153763 10773.25 -149.0815
1249.9415
STOCKS IN NEWS
 NCC: The firm has bagged a package of 3 Mumbai-
Nagpur expressway contracts .
 Granules India receives establishment inspection
report (EIR) from USFDA for its Gagillapur facility
NIFTY FUTURE
The Nifty picked up pace in the last one hour of trading
session to reclaim 10,700 levels on Thursday which made
a strong bullish candle on the daily
candlestick charts. Traders are advised to remain long on
the index and trade with a stop below 10,600.The Nifty
which opened at 10,670.15 slipped marginally to
10,620.40 before bulls took control of D-Street. The
index hit an intraday high of 10,763.80 before closing the
day 121.80 points higher at 10,736.15.
so we advice to BUY NIFTY FUTURE AROUND 10630-
10640 TGT 10700-10750 SL BELOW 10600.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10849.00 10792.00 10706.00 10649.00 10563.00
BANKNIFTY 27634.00 27295.00 26824.00 26485.00 26014.00

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Special Report
01-Jun-2018
COMMODITY ROUNDUP
MCX Gold futures slipped today as strength in the Indian
Rupee clubbed with profit selling ahead of the weekend
capped the upside in the prices. However, COMEX Gold hit a
one and half week high near $1306 per ounce. The MCX
futures gained in local markets recently following the recent
break above Rs 31000 per 10 grams and a recovery in global
prices. COMEX Gold edged up above $1300 per ounce
levels, extending a gain from five month low. MCX Gold
futures are currently trading at Rs 31290 per 10 grams,
down 0.58% on the day. The Indian Rupee gained for a
second session today, backing off its 18 month low.
Domestic equity market continued its upward march in mid-
afternoon trade, backed by strength in IT, banks and metal
shares. The local currency gained nearly 0.70% to break
under 68 mark.
Large metals speculators continued to trim their bullish net
positions in the Gold futures markets last week, according
to the Commitment of Traders (COT) data released by the
Commodity Futures Trading Commission (CFTC). The non-
commercial futures contracts of Gold futures, traded by
large speculators and hedge funds, totaled a net position of
92,443 contracts in the data reported through Tuesday May
15th. This was a weekly drop of -14,997 contracts from the
previous week. Speculative bullish positions have declined
for three out of the past four weeks.
Russian crushers produced 27.4 KMT of rapeseed oil in
March 2018 versus 32.4 KMT in the previous month and
26.7 KMT in March 2017. As a reminder, the monthly
volumes of rape oil production in MY 2017/18 steadily
exceed the respective ones of last season, except for
January. This was contributed to by a rapeseed crop
increase in 2017.Overall, rape oil production in July-March
2017/18 was up 20.8% on the year at 286.4 KMT versus
237.1 KMT a year ago.
COMEX Copper stayed slippery today as equities slipped
after US President Donald Trump called off a key summit
with North Korea. The red metal has already come off a one
month top and lingers just under $3.10 levels right now.
MCX Copper has come off highs above Rs 370 per kg and
should see sustained selling pressure on rallies now. Large
metals speculators added to their bullish net positions in
the Copper Futures markets last week, according to the
latest Commitment of Traders (COT) data released by the
Commodity Futures Trading Commission (CFTC). The non-
commercial futures contracts of Copper futures, traded by
large speculators and hedge funds, totaled a net position of
36,355 contracts in the data reported through Tuesday May
15th2,050 contracts.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD JUN FUT ABOVE 31190 TGT 32250-32300 SL BELOW
31140
SELL GOLD JUN FUT BELOW 30785 TGT 30730-30680 SL ABOVE
31820
SILVER
TRADING STRATEGY:
BUY SILVER JUL FUT ABOVE 40220 TGT 40270-40320 SL BELOW
40180
SELL SILVER JUL FUT BELOW 39840 TGT 39800-39750 SL ABOVE
39990

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01-Jun-2018
NCDEX INDICES
Index Value % Change
Barley 1497 0.47
Castor Seed 3913 0.15
Chana 3510 -0.2
Coriander 4308 -0.9
Cotton Seed Oilcake 1335 -0.56
Guar Seed 10 MT 3633 0.17
Jeera 16185 -0.92
Mustardseed 3918 0.49
Soy Bean 3548 -0.64
Turmeric 7096 -0.03
RECOMMENDATIONS
GUARGUM5
BUY GUARGUM JUN FUT ABOVE 7610 tgt 7660-7700 SL
BELOW 7570
SELL GUARGUM5 JUN FUT BELOW 7480 tgt 7370 7320 SL
ABOVE 7530
DHANIYA
BUY DHANIYA JUN FUT ABOVE 4380 TGT 4430-4480 SL
BELOW 4330
SELL DHANIYA JUN BELOW 4280 TARGET 4230-4180 SL
ABOVE 4330
The International Grains Council has trimmed its forecast
for global grain production in 2017-2018 to 2,091 million
metric tons due to lower expected soybean production.
The new forecast is a decrease of 2 million tons from the
previous 2,093 million-ton forecast and a 2.3% drop from
the previous season's record 2,139 million tons, the IGC
said.
The IGC raised its 2018-2019 production forecast, upping
last month's estimate by 1 million tons to 2,089 million
tons. That figure would mark a second season of declining
production after 2016-2017's record high. The IGC data
revealed that an increase in corn and rice forecasts
outweighed reduced soybean and wheat
predictions.Driving the fall in the 2017-2018 global grain
forecast was a 3 million-ton drop in expected soybean
production, now seen at 336 million tons. Corn forecasts
shed 2 million tons to 1,044 million tons and the IGC's rice
estimate rose by 2 million tons to 488 million tons. The
report said estimated wheat production remained at 758
million tons.Wheat was last up 1.51% at $5.39 a bushel,
corn was last 0.55% higher at $4.11 a bushel and soybeans
were last 0.72% up at $10.47 a bushel.
The IGC trimmed its expectations for consumption for the
2018/19 season by three million tonnes to 2.136 billion
tonnes, although it remained on course for a rise from the
prior season.The IGC also nudged up its forecast for global
soybean production in 2018/19 by one million tonnes to
356 million tonnes but reduced its estimate for the prior
season by three million tonnes to 336 million.
Not much of demand is emerging in ready Coriander market
from domestic players.
Sugar prices are expected to steady in near term after the
recent spurt as traders are expecting more clarity on front
of the government policies.

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Special Report
01-Jun-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 67.4526 Yen 62.0400
Euro 78.7914 GBP 89.7929
USD/INR
BUY USD/INR AROUND 67.80 TGT 68.00-68.20 SL 67.60
SELL USD/INR BELOW 67.50 TGT 67.30-67.10 SL 67.70
GBP/INR
BUY GBP/INR ABOVE 90.50 TGT 90.70-90.90 SL 90.30
SELL GBP/INR BELOW 90.00 TGT 89.80-89.60 SL 90.20
The dollar continued its march higher over the past week
despite the fact that the Fed did not sound as hawkish in
its FOMC minutes as a part of the market expected it to. It
appeared to repeat what it has been saying over the last
couple of months and it failed to add on anything about
how the Fed plans to push through its rate hikes when the
economy and the data that is coming in from the US
continues to be choppy. It also failed to identify any
specific timelines for the future rate hikes and it is likely
that the future data would have a large bearing on which
direction the dollar is likely to take.
The Indian rupee and 10-year bond prices on Monday
closed at two-week highs as falling crude oil prices ease
inflation and trade deficit worries. The home currency
ended at 67.43 against the US dollar—a level last seen on
11 May, up 0.51 percent from its previous close of 67.77.
The currency opened at 67.50 a dollar and touched a high
of 67.30 a dollar.
The 10-year bond yield closed at 7.738 percent, a level last
seen on May 11, from its Friday’s close of 7.794
percent.The Reserve Bank of India today fixed the
reference rate of the rupee at 67.4430 against the US
dollar and 79.0027 for the euro.
The corresponding rates were 68.2600 and 79.8847, as on
May 25.
According to an RBI statement, the exchange rates for the
pound and the yen against the rupee were 89.8880 and
61.57 per 100 yens, respectively, based on reference rates
for the dollar and cross-currency quotes at noon.

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Special Report
01-Jun-2018
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Disclaimer
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
MONDAY,
MAY 28
MONDAY, MAY 28
MONDAY,
MAY 28
MONDAY, MAY 28
MONDAY, MAY
28
MONDAY,
MAY 28
TUESDAY,
MAY 29
TUESDAY, MAY 29
TUESDAY,
MAY 29
TUESDAY, MAY 29
TUESDAY, MAY
29
TUESDAY,
MAY 29
9 am
10 am Consumer confidence index May 127.5 128.7
WEDNESDA
Y, MAY 30
WEDNESDAY, MAY 30
WEDNESD
AY, MAY
30
WEDNESDAY, MAY
30
WEDNESDAY,
MAY 30
WEDNESDA
Y, MAY 30
8:15 am
8:30 am Gross domestic product revision 1Q 2.3% 2.3%
8;30 am Advance trade in goods April -$70.3bln -$68.0 bln
2 pm
THURSDAY,
MAY 31
THURSDAY, MAY 31
THURSDA
Y, MAY 31
THURSDAY, MAY 31
THURSDAY,
MAY 31
THURSDAY,
MAY 31
8.30 am Weekly jobless claims 5/26 223,000 234,000
8:30 am Personal income April 0.3% 0.3%
8:30 am Consumer spending April 0.4% 0.4%
8:30 am
9:45 am Chicago PMI May -- 57.6
10 am Pending home sales April -- 0.4%