- Wall Street plunged on Thursday after weak US factory data and a revenue warning from Apple fueled fears of a global economic slowdown. Apple shares dropped 10% after the company cited a slowdown in China for lower-than-expected revenue. - Major automakers like Ford and GM reported weak US new car sales in December. Ford shares fell 1.5% on the news. - Gold and silver prices rose due to a weaker rupee and safe haven demand. Oil prices fell over 1% on concerns about slowing global economic growth hurting crude demand.

1. _____________________________________________________________________________________________________________________
Special Report
07–JAN-2019
Global markets at a glance
Wall Street plunged on Thursday after slowing U.S. factory
activity on the heels of a dire revenue warning from Apple
Inc fueled fears of a global economic slowdown.The
magnitude of Apple's holiday quarter revenue shortfall sent
shockwaves through the technology sector, which pulled all
three major U.S. stock indexes down more than 2 percent,
with the Nasdaq posting a 3 percent loss.
S&P Technology companies slid 5.1 percent, its biggest one
-day percentage drop since August 2011. The Philadelphia
SE Semiconductor index ended the session 5.9 percent
lower.Late Wednesday, Apple chief executive Tim Cook
wrote in a letter to investors that the company had not
foreseen the extent of China's economic deceleration,
which was exacerbated by U.S.-China trade tensions. The
iPhone maker's shares dropped 10.0 percent. The Chinese
slowdown was expected but today's softer-than-expected
ISM number took investors by surprise because the U.S.
seemed to be the only port in the storm," said Sam Stovall,
chief investment strategist of CFRA Research in New York.
"But now it appears that our economic growth is facing
trade related headwinds."Major automakers reported
weak U.S. new car sales in December, with Ford Motor Co
and General Motors Co reporting sales falling by 8.8
percent and 2.7 percent, respectively. Ford shares fell 1.5
PREVIOUS DAY ROUNDOFF
Buying counters were buzzing in the last couple of hours
for the market, helping them not only recover from low
points, but also end the week on a strong note.Except IT
names, investors bought across sectors, with maximum
gains seen among metals, energy and banks, among others.
The Nifty Midcap index ended higher too. At the close of
market hours, the Sensex was up 181.39 points or 0.51% at
35695.10, and the Nifty up 55.10 points or 0.52% at
10727.40. The market breadth was narrow as 1322 shares
have advanced, against a decline of 1255 shares, and 159
shares are unchanged.Yes Bank, Vedanta, and Bharti
Infratel gained the most, while Infosys, TCS, HCL Tech and
Tech Mahindra were the top losers.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[-59.35pts],
Consumption[-66.35pts],PSE[-50.95pts],CPSE[-
22.2pts],Energy[+207.45ts],FMCG[-203.35pts],Auto[-
279.8pts],Pharma[ -42pts],IT[-3.8pts],Metal[ -
106.8pts],Realty[-3.4pts], Fin Serv sector[-118.85pts].
World Indices
Index Value % Change
DJI 22686 -2.83
S&P500 2447 -2.48
NASDAQ 6738 +4.26
FTSE100 6837 +2.16
NIKKEI 20101 +2.76
HANG SENG 25810 +0.72
Top Gainers
Company CMP Change % Chg
Bharti Infratel 285.05 13.45 4.95
Yes Bank 189.65 5.55 3.01
Tata Motors 170.95 4.9 2.95
Bharti Airtel 322.45 8.95 2.85
Vedanta 192.9 4.95 2.63
Top Losers
Company CMP Change % Chg
HCL Tech 932.35 -16 -1.69
Tech Mahindra 681.1 -10.15 -1.47
TCS 1,876.85 -23.1 -1.22
Infosys 661.05 -8.1 -1.21
Hero Motocorp 2,987.85 -26.8 -0.89
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
DVL 108.3 -0.2 -0.18
JSWHL 2291.95 338.05 14.75
LIQUIDETF 1000 0 0
PROSEED 1.35 -0.05 -3.7
NIFTYEES 13200 -150 -1.14
Indian Indices
Company CMP Change % Chg
NIFTY 10727 55.10 0.52
SENSEX 35695 181.39 0.519561
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ABSLNN50ET 292 -12 -4.11
ARROWTEX 24 -1.75 -7.29
BYKE 67.9 -1.9 -2.8
CALSOFT 23.15 -0.8 -3.46
CHROMATIC 0.95 0.05 5.26

2. _____________________________________________________________________________________________________________________
Special Report
07–JAN-2019
STOCK RECOMMENDATION [CASH]
KRBL
Last session Nifty closed around one per cent loss but
many of the Food stock given rally in which KOHINOOR
was the top gainers due that KRBL also bounce back from
support of 280 and after making high of 296.50 it closed
at 291.25 while 297 is strong resistance on weekly chart,
so above 297.50 we can see intraday rally in next session
due to that it can be buy with stop loss of 289 for the
target of 307 320.
MACRO NEWS
 Demand for new motorcycles and scooters slowed
down significantly in December as three of the top five
companies posted flat to negative growth in sales.The
four brands that announced their December sales
numbers – Hero MotoCorp, TVS Motor Company, Bajaj
Auto, Royal Enfield – clocked only two percent growth
at 8.77 lakh as against 8.59 lakh sold in the same
month a year earlier.
 The decline in Berkshire shares reflects Apple's impact
on the Omaha, Nebraska-based company's book value,
which measures assets minus liabilities and which
Buffett uses to gauge growth.
 The Reserve Bank of India (RBI) has stopped printing
Rs 2000 notes launched during the demonetisation
days in November 2016 The report also states that the
decision also comes amid suspicion that the Rs 2000
note is being used for money laundering, hoarding and
tax evasion.
RECOMMENDATIONS [FUTURE]
1. SUNPHARMA(FUTURE )
Sun Pharma share given breakout of ascending triangle
pattern on daily chart, since Nifty was negative due to that it
closed only 1.31 per cent gains. Here on daily chart 436 is
polarity for Sun Pharma and the last closing is above the
same so here we can see 442/448 level in next week but
according to pattern support points is 425 so buy it around
435-437.
2. TORNTPOWER [FUTURE]
This stock respected to 50DMA level on daily chart and after
making low of 254.90 it closed at 257.95 with doji candle
since the 252-254 is strong support zone and many time this
share has been bounce back from this level so we advise to
buy it around 262 for the target of 264/266 with stop loss of
259

3. _____________________________________________________________________________________________________________________
Special Report
07–JAN-2019
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 27,500 93.1 7,11,423 7,48,140
BANKNIFTY CE 27,300 171.8 4,83,808 3,18,840
BANKNIFTY CE 27,400 129.95 4,81,579 3,22,140
RELIANCE CE 1,120 27.5 7,004 11,09,500
RELIANCE CE 1,140 20 6,367 15,81,000
YESBANK CE 200 10.5 5,503 56,01,750
RELIANCE CE 1,100 36.9 4,928 7,83,500
TCS CE 2,000 24.3 4,453 6,94,250
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 88.55 5,40,710 7,18,440
BANKNIFTY PE 26,800 44.6 4,73,707 5,37,760
BANKNIFTY PE 26,900 64 4,48,016 4,20,120
RELIANCE PE 1,080 21.5 4,214 4,68,500
MARUTI PE 7,000 91.05 3,734 70,725
RELIANCE PE 1,100 29.75 3,466 6,45,000
RELIANCE PE 1,060 15.1 3,171 5,15,500
TATASTEEL PE 480 10.2 2,939 7,34,212
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 12278 825.14 19399 1301.13 311072 24964.97 -475.9887
INDEX OPTIONS 632309 36084.38 625429 35681.08 532109 40745.08 403.2906
STOCK FUTURES 64864 3951.31 66343 4034.72 1285282 79274.68 -83.4048
STOCK OPTIONS 36088 2175.71 35120 2103.35 53422 3203.14 72.3644
-83.7385
SELL
STOCKS IN NEWS
 Sun Pharma: The company completed transaction to
acquire Pola Pharma Bharti Airtel: Lost 18.6 Lakh
Subscribers Vs Loss Of 23.6 Lakh (MoM)
 HDFC Standard Life Insurance: The firm received
shareholder nod to appoint Vibha Padalkar as MD & CEO.
NIFTY FUTURE Last trading session NIFTY Future close on
negative note and losing around 1.08%, Due to weak
global and domestic cues and nifty give up
10800,Weakness are visible to metal and Auto sectors if
we go technically on chart we can clearly see that NIFTY
major resistance level around 10980-11000 But not
sustain at higher level,and we seen profit booking at
higher level and bearish sentiment is strong across
sectors.So we can follow sell on rise strategy 10700 it
will be good for the target of 10650/10600 with the SL of
10800.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10811 10769 10699 10657 10586
BANKNIFTY 27480 27337 27131 26989 26783

4. _____________________________________________________________________________________________________________________
Special Report
07–JAN-2019
COMMODITY ROUNDUP
Traders said weaker rupee against dollar and safe haven
buying contributed the surge in the prices of the yellow
metal. Besides, firm trend overseas helped the rise in gold
prices, they added.In Delhi, prices of gold of 99.9 per cent
and 99.5 per cent purities gained Rs 335 each to Rs 32,835
per 10 gram and Rs 32,685 per 10 gram, respectively.
Sovereign gold, however, remained unchanged at Rs 25,200
per piece of 8 gram.Globally, gold prices traded higher at
USD 1290.82 an ounce, while silver was up at USD 15.55 an
ounce in New York.Silver ready advanced Rs 350 to Rs
39,700 per kg and weekly-based delivery witnessed a rise of
Rs 617 to Rs 39,365 per kg. Silver coins, however, remained
unchanged at Rs 76,000 for buying and Rs 77,000 for selling
of 100 pieces.
Oil prices fell on Thursday amid volatile currency and stock
markets, and as analysts warned of an economic slowdown
for 2019 just as crude supply is rising globally.U.S. West
Texas Intermediate (WTI) crude oil futures CLc1 were at
$45.93 per barrel at 0152 GMT, down 61 cents, or 1.3
percent, from their last settlement.International Brent
crude futures LCOc1 were down 36 cents, or 0.7 percent, at
$54.55 per barrel.
Markets were roiled by a more than 3 percent crash of the
U.S.-dollar against Japan's yen overnight JPY=D3 , and after
U.S. tech giant Apple AAPL.O cut its sales forecast. did not
foresee the magnitude of the economic deceleration,
particularly in Greater China," Apple chief executive Tim
Cook said. slowdown in China and turmoil in stock and
currency markets is making investors nervous, including in
oil markets. bank Jefferies said in a 2019 opening note to
clients and employees that the start of the year "doesn't
feel as firm, the future doesn't feel as certain and
optimistic, and the path forward does not seem as clear."
India's Finance Minister Arun Jaitley said on Thursday
commercial banks were likely to recover 700 billion rupees
($9.95 billion) of bad loans by the end of March, helped by
resolution of 12 large cases.Some of the big cases such as
Bhushan Power and Steel Ltd and Essar Steel India Ltd are in
advanced stages of resolution, and are likely to be resolved
in this financial year, Jaitley said in a blog post on Facebook
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 31700 TGT 31750 31850 SL 31620
SELL GOLD BELOW 31600 TGT 31520 31420 SL ABOVE
31680
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 39100 TGT 39250 39450 SL BELOW
38900
SELL SILVER BELOW 38900 TGT 38750 38550 SL 39100

5. _____________________________________________________________________________________________________________________
Special Report
07–JAN-2019
NCDEX INDICES
Index Value % Change
Barley 1988 0.45
Castor Seed 5172 -1.45
Chana 4257 -1.21
Coriander 6335 -0.41
Cotton Seed Oilcake 1922 0.29
Guar Seed 10 MT 4279.5 -0.88
Jeera 17475 -1.13
Mustardseed 3941 -0.2
Soy Bean 3469 0.87
Turmeric 6666 -1.36
RECOMMENDATIONS
GUARGUM5
TRADING STRATEGY:
BUY GUARGUM JAN ABOVE 8410 TARGET 8425/8445/8470
SL 8450
SELL GUARGUM JAN BELOW 8370 TARGET 8355/8335/8310
SL 8430
DHANIYA
TRADING STRATEGY:
BUY DHANIYA JAN ABOVE 6400 TAGET 6415/6435/6460 SL
6340
SELL DHANIYA JAN BELOW 6330 TARGET 6315/6300/6270
SL 6390
Planters in Bengal tea belt are expecting bright post winter
high value first flush output for the consecutive second year
due to prevailing favorable weather conditions. Entire tea
belt in Bengal has taken submergence deep under chill.
While the mercury at in Terai and Dooars tea belts in
foothills have dipped even lower than 5 Degree Celsius,
many high altitude places have gone under thick snow
cover. Darjeeling city itself and surrounding areas, known
for premium quality tea, also had a day-long snow fall after
a decade. According to Indian Meteorological Department,
the low temperature is likely to continue for the first half of
January.
With the general election a few months away, the central
government has begun crunching the numbers in
preparation for a comprehensive programme to help
farmers tide over challenges posed by a dip in prices and
dwindling incomes. The government is keen on a more
substantive intervention than a loan waiver at the central
level to alleviate agrarian distress besides stepping up
investments in the sector, having concluded that writing off
debt doesn’t help address underlying problems.
Milk prices are likely to go up in 2019, cooperative dairies
said, as supplies are less than usual during this period.
Lower returns to farmers have led to the drop in milk
production in winter, when supplies tend to go up, they
said.“Milk prices are bound to increase in 2019. Low stocks
of skimmed milk powder (SMP) and a drop in milk supplies
compared to previous year are the two major reasons,” said
RS Sodhi, managing director of Gujarat Cooperative Milk
Marketing Federation which owns the Amul brand.

6. _____________________________________________________________________________________________________________________
Special Report
07–JAN-2019
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 69.7131 Yen 63.57
Euro 79.9330 GBP 88.9748
USD/INR
TRADING STRATEGY:
USD/INR
BUY USDINR JAN ABOVE 70.40 TARGET 70.52/70.65 SL 70.25
SELL USDINR JAN BELOW 70.20 TARGET 70.08/69.93 SL
70.35
GBP/INR
TRADING STRATEGY:
BUY GBPINR JAN ABOVE 89.35 TARGET 89.47/89.60 SL 89.20
SELL GBPINR JAN BELOW 89.10 TARGET 88.98/88.85 SL
89.25
The Reserve Bank of India (RBI) issued norms for
restructuring loans defaulted by micro, small and medium
enterprises. The RBI permitted a one-time restructuring of
existing loans to MSMEs that are in default but 'standard"
as on January 1, 2019, the central bank said in a statement.
To be eligible for the scheme, the aggregate exposure,
including non-fund based facilities of banks and NBFCs, to
a borrower should not exceed Rs 25 crore as on January 1,
2019. The restructuring has to be implemented by March
31, 2020.
The Indian rupee kicked off 2019 on a resounding note,
building up on gains of the previous two sessions and
adding another 34 paise on January 1 to close at 69.43
against the US dollar on increased selling of the greenback
by exporters and smart gains in domestic equities. The
domestic unit has rallied by a hefty 92 paise in the last
three trading sessions.At the Interbank Foreign Exchange
(forex), the rupee opened on a firm note at 69.63. It gained
further to hit a high of 69.43 following dollar selling by
exporters, before finally closing at 69.43, up 34 paise.
The government has exempted rupee payments made to
Iran's national oil company NIOC towards the purchase of
crude oil from payment of any tax, according to a Gazette
notification. The finance ministry in a December 28, 2018
Gazette notification said the National Iranian Oil Company
(NIOC) will not have to pay any withholding tax on
payments it gets from Indian refiners.
India had on November 2, 2018, signed an agreement with
Iran to pay for crude oil it imports from the Persian Gulf
nation in rupees. Any income a foreign company receives
in an Indian bank account is subject to a withholding tax of
40 per cent, which together with sundry cesses totals to
42.5 percent.
Exempting payments received by NIOC for crude oil it sells
to Indian refiners, the notification said the Iranian firm
"shall not engage in any activity in India, other than the
receipt of income under the aforesaid arrangement".

7. _____________________________________________________________________________________________________________________
Special Report
07–JAN-2019
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
04/1/19 NCDEX DHANIYA JAN BUY 6400
6415/6435/64
60
6340 NOT EXECUTED
04/1/19 NCDEX DHANIYA JAN Sell 6330
6315/6300/62
70
6450 NOT EXECUTED
04/1/19
NCDEX
GUARGUM5
JAN BUY 8410
8425/8445/84
70
8450 TARGET HIT
04/1/19
NCDEX
GUARGUM5
JAN SELL 8370
8355/8335/83
10
8430 NOT EXECUTED
04/1/19 MCX GOLD JAN BUY 31700 31750/31850 31620 TARGET HIT
04/1/19 MCX GOLD JAN SELL 31600 31520/31420 31680
NOT EXECUTED
04/1/19 MCX SILVER MAR BUY 39100 39250/39450 38900 NOT EXECUTED
04/1/19 MCX SILVER MAR SELL 38900 38750/38550 39100 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
04/1/19 NIFTY FUTURE SELL 10700 10650/10600 10800 OPEN
04/1/19 SUN PHARMA FUTURE BUY 435-437 442/448 425 TARGET
04/1/19 TORRENT POWER FUTURE BUY 262 264/264 259 TARGET HIT
04/1/19 KRBL CASH BUY 297.5 307/320 289 NOT EXECUTED

8. _____________________________________________________________________________________________________________________
Special Report
07–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
TIME (ET) REPORT PERIOD ACTUAL
MEDIAN
FORECAST
PREVIOUS
MONDAY, JAN. 7
10 am ISM nonmanufacturing index Dec. -- 60.7%
10 am
TUESDAY,
JAN. 8
TUESDAY, JAN. 8
TUESDAY,
JAN. 8
TUESDAY, JAN. 8 TUESDAY, JAN. 8
TUESDAY,
JAN. 8
6 am
8:30 am International trade* Nov. -$53.9 bln -$55.5bln
10 am
3 pm Consumer credit Nov. -- $25 bln
WEDNESDA
Y, JAN. 9
WEDNESDAY, JAN. 9
WEDNESDA
Y, JAN. 9
WEDNESDAY, JAN. 9
WEDNESDAY,
JAN. 9
WEDNESDA
Y, JAN. 9
2 pm FOMC minutes
THURSDAY,
JAN. 10
THURSDAY, JAN. 10
THURSDAY,
JAN. 10
THURSDAY, JAN. 10
THURSDAY, JAN.
10
THURSDAY,
JAN. 10
8:30 am
10 am Wholesale inventories* Nov. -- 0.8%
FRIDAY,
JAN. 11
FRIDAY, JAN. 11
FRIDAY,
JAN. 11
FRIDAY, JAN. 11 FRIDAY, JAN. 11
FRIDAY,
JAN. 11
8:30 am Consumer price index Dec. -0.1% 0.0%
8:30 am Core CPI Dec. 0.2% 0.2%