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1. _____________________________________________________________________________________________________________________
Special Report
11-Dec-2018
Global markets at a glance
Global stocks extended their slump on Monday, with US
equity futures and Asian shares sliding on worries over
slowing growth and fears that a fresh flare-up in tensions
between Washington and Beijing could quash any chances
of a trade deal. Traders returned from the weekend to face
a growing wall of worry, with the world’s largest economies
— the United States, China and Japan — all reporting
weaker-than-expected data which point to moderating
activity.
S&P futures were down 0.7 percent and the Dow futures
lost 0.8 percent early in the Asian day. MSCI’s broadest
index of Asia-Pacific shares outside Japan lost 0.7 percent,
stooping to a two-week low.
Australian stocks fell 1.7 percent, brushing its lowest level
since December 2016, and South Korea’s KOSPI were down
1.4 percent.
Japan’s Nikkei shed 2 percent. Data early in the session
showed the economy contracted the most in over four
years in the third quarter as capital expenditure tumbled.
PREVIOUS DAY ROUNDOFF
It’s a gap-down start to the market on Tuesday morning as
investors turned wary of a shock resignation by RBI
Governor Urjit Patel. Additionally, uncertainty around
results to state elections added to their woes.
The Sensex is down 482.68 points or 1.38% at 34477.04,
while the Nifty is lower by 116.70 points or 1.11% at
10371.80. The market breadth is negative as 90 shares
advanced, against a decline of 418 shares, while 16 shares
were unchanged.Among sectors, banks, automobiles,
energy, consumption, and metals are the top losers. The
Nifty Midcap index is down over a percent as well.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[-46.4pts],
Consumption[-66.45pts],PSE[ -22.9pts],CPSE[ -
17.15pts],Energy[-332.85pts],FMCG[-433.05pts],Auto[-
65.05pts],Pharma[-153.3pts],IT[-205.9pts],Metal[-
30.45pts],Realty[-6.65pts], Fin Serv sector[-264.95pts].
World Indices
Index Value % Change
DJI 24388.95 -2.24
S&P500 2633.08 -2.33
NASDAQ 7020 +0.74
FTSE100 6721 -0.83
NIKKEI 21149 -0.33
HANG SENG 25696.89 -1.41
Top Gainers
Company CMP Change % Chg
IOC 134.35 4.60 3.55
BPCL 330.25 4.85 1.49
HPCL 226.70 1.90 0.85
Coal India 238.15 1.40 0.59
Maruti Suzuki 7,350.50 36.55 0.50
Top Losers
Company CMP Change % Chg
Kotak Mahindra 1,198.35 -81.30 -6.35
Indiabulls Hsg 686.60 -30.25 -4.22
UltraTechCement 3,776.55 -155.95 -3.97
Reliance 1,090.25 -43.55 -3.84
Adani Ports 359.15 -14.30 -3.83
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
LINDEINDIA 677.45 -4.35 -0.64
LIQUIDETF 1000 -0.01 0
MUTHOOTFIN 471.3 -4.3 -0.91
TIINDIA 333.75 -6.75 -2.02
TATASTLBSL 27.15 4.35 16.02
Indian Indices
Company CMP Change % Chg
NIFTY 10488.45 -205.25 -1.92
SENSEX 34959.72 -713.53 -2.00
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ABAN 71.25 -2.4 -3.37
ADHUNIK 2.6 -0.05 -1.92
ADVENZYMES 172.8 -6.25 -3.62
AGARIND 169.95 1.05 0.62
AIFL 23.55 -1.15 -4.88

2. _____________________________________________________________________________________________________________________
Special Report
11-Dec-2018
STOCK RECOMMENDATION [CASH]
REPCOHOME (Cash)
Stock is showing weakness on the daily chart and trading
at the support level and we expect it should break the
support level on the daily chart ahead of the weak market.
We recommend selling below 323 for the target of 318
with the stop loss of 328
MACRO NEWS
 Opinion | Assembly Elections 2018: The moment of
electoral reckoning is here Post the December 11
results, one person who will be watched keenly and
wooed by both the BJP and the Congress, over the
next few months, will be Bahujan Samaj Party (BSP)
chief Mayawati
 Urjit Patel has resigned as the Reserve Bank of India
(RBI) governor, nine months before his tenure was to
end in September 2019, ending a 27-month long stint
at Mint Street rocked by a testy debate on the central
bank’s autonomy. Bank Nifty has a clearer long bias on
the chart than Nifty, so trader looking for a long
opportunity should prefer Bank Nifty, says Shabbir
Kayyumi of Narnolia Financial AdvisorsThe timing of
Patel's resignation is crucial. It comes four days ahead
of the RBI’s scheduled board meeting on December
14, slated to discuss several contentious issues. Patel
has cited “personal reasons”, but it is anybody’s guess
why he chose to pull the plug.
RECOMMENDATIONS [FUTURE]
1. KOTAK BANK (FUTURE)
Last trading session we seen strong selling pressureand
losing aroud 200 pints and made low of 10500 and assembly
election result is a big key for makret direction so next
session will be also volatile where exit pole is also confused
so becautious and trade nifty after result day. Technically
Nifty is bearish trend so we will advise to sell it on rise
around 10850-1090 with stop loss of 11200 for the target of
10700 10500.
2. LICHSGFIN [FUTURE]
.Stock is looking bearish on the daily chart and it also formed
flag pattern on the daily chart, we expect it should give
a breakout toward the downside. We recommend selling
below 417 for the target of 410 with the stop loss of 422.

3. _____________________________________________________________________________________________________________________
Special Report
11-Dec-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 27,000 46.9 2,70,124 6,78,060
BANKNIFTY CE 26,700 102.95 2,18,795 2,01,560
BANKNIFTY CE 26,800 79.8 2,17,431 3,08,140
NIFTY CE 10,700 96.65 1,32,093 30,15,225
RELIANCE CE 1,140 15.2 6,869 9,63,500
KOTAKBANK CE 1,300 19.4 6,221 8,30,400
RELIANCE CE 1,160 10.55 6,120 10,22,000
RELIANCE CE 1,200 5.15 5,216 16,64,000
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 25,500 133 2,91,687 5,14,320
BANKNIFTY PE 26,000 270.3 2,66,473 4,31,380
BANKNIFTY PE 25,000 63.15 1,51,769 5,04,480
NIFTY PE 10,500 193 1,21,487 37,88,100
KOTAKBANK PE 1,200 45.85 6,708 4,16,800
RELIANCE PE 1,080 31.95 5,760 4,20,000
RELIANCE PE 1,060 24.25 5,105 6,16,000
KOTAKBANK PE 1,100 15 4,124 4,91,200
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 48226 3290.11 40669 2673.38 356821 27184.46 616.7323
INDEX OPTIONS 869019 52056.42 873340 52284.27 766296 55893.19 -227.8523
STOCK FUTURES 232773 13346.10 225103 12491.22 1473484 83929.80 854.8724
STOCK OPTIONS 117841 7136.06 118284 7129.22 118298 6400.13 6.8438
1250.5962
SELL
STOCKS IN NEWS
GMR Infrastructure: Subsidiary raised Rs 225.6 crore
through CCDs for investment in GMR Bajoli Holi
Hydropower Pvt Ltd.
PTC India: Ramesh Narain Misra and Atmanand are
appointed as
NIFTY FUTURE Last trading session we seen strong
selling pressureand losing aroud 200 pints and made low
of 10500 and assembly election result is a big key for
makret direction so next session will be also volatile
where exit pole is also confused so becautious and trade
nifty after result day. Technically Nifty is bearish trend so
we will advise to sell it on rise around 10850-1090 with
stop loss of 11200 for the target of 10700 10500.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10590 10539 10506 10455 10422
BANKNIFTY 26434 26268 26170 26004 25906

4. _____________________________________________________________________________________________________________________
Special Report
11-Dec-2018
COMMODITY ROUNDUP
Gold traded firm near a five-month peak hit early on
Monday, supported by a disappointing US jobs data that
fuelled speculation that the Federal Reserve may stop
raising interest rates sooner than expected. Spot gold was
steady at $1,247.80 per ounce, as of 0103 GMT, after hitting
its highest since July 11 at $1,250.55 earlier in the session.
US gold futures were up 0.2 per cent at $1,254.6 per ounce.
The dollar slipped against the yen and the euro, while stocks
extended their slump as worries over US-China trade
tensions battered investor sentiment.Nonfarm payrolls
increased by 155,000 jobs in November, while economists
polled by Reuters had forecast payrolls increasing by
200,000 jobs. The US central bank is flagging a turning point
in monetary policy, as a Fed policymaker on Friday backed
interest rate hikes in the "near term" but nodded to
increasingly less certainty ahead .
Gold was sold at a discount last week in India for the first
time in a month as a rebound in local prices prompted
jewellers to postpone purchases, while demand improved in
top consumer China due to seasonal buying. Production at
Randgold's Loulo gold mine in Mali has been on hold since
Wednesday due to a dispute over pay, the head of the
industry and mines union SECNAMI told Reuters.
Oil prices rose on Monday, extending gains from Friday
when producer club OPEC and some non-affiliated
producers agreed a supply cut of 1.2 million barrels per day
(bpd) from January. Despite this, the outlook for next year
remains muted on the back of an economic slowdown.
International Brent crude oil futures were at $62.21 per
barrel at 0218 GMT, up 54 cents, or 0.9 per cent, from their
last close. Prices surged on Friday after the Organisation of
the Petroleum Exporting Countries (OPEC) and some non-
OPEC producers including heavyweight Russia announced
they would cut oil supply by 1.2 million bpd, with an
800,000 bpd reduction planned by OPEC-members and
400,000 bpd by countries not affiliated with the group.
Oil prices have been pulled down sharply since October by
signs of an economic slowdown, with Brent losing almost 30
per cent in value.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 32000 TGT 32050/32150 SL BELOW
31800
SELL GOLD BELOW 31800 TGT 31700/31600 SL ABOVE
31950
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 38500 TGT 38600/38750 SL BELOW
38300
SELL SILVER BELOW 38000 TGT 37850/37600 SL ABOVE
38200

5. _____________________________________________________________________________________________________________________
Special Report
11-Dec-2018
NCDEX INDICES
Index Value % Change
Barley 1825 0.72
Castor Seed 5508 0.62
Chana 4463 -1.5
Coriander 6700 2.09
Cotton Seed Oilcake 1956 2.87
Guar Seed 10 MT 4410 1.68
Jeera 18540 0.14
Mustardseed 4095 1.89
Soy Bean 3305 0.85
Turmeric 6100 -2.43
RECOMMENDATIONS
GUARGUM5
TRADING STRATEGY:
BUY GUARGUM DEC ABOVE 8700 TARGET 8715/8735/8760
SL 8640
SELL GUARGUM ABOVE DEC 8600 TARGET
8585/8565/8540 SL 8660
DHANIYA
TRADING STRATEGY:
BUY DHANIYA DEC ABOVE 6580 TARGET 6805/6830/6845
SL 6720
SELL DHANIYA DEC ABOVE 6500 TARGET 6485/6470/6440
SL 6560
Indian Commodity Exchange (ICEX), the Mumbaibased
online commodity derivatives platform that took over the
National Multi Commodity Exchange (NMCE) in August, will
add black pepper and cardamom to its list of traded
commodities. The exchange, which has begun trading in
diamond, steel and rubber, plans to expand into plantation
commodities. We will launch black pepper contracts next
month, followed by cardamom contracts, a top official of
ICEX said in a statement. Trading in black pepper futures on
a national exchange was stopped some years ago after the
seizure of mineral oil-contaminated pepper from
warehouses. At a meeting ICEX held with the black pepper
traders, it was suggested that the trading lot and delivery
unit of pepper contracts be changed from 100 kg to 1
tonne. “ICEX will endeavour to make rubber and pepper
prices, discovered by hundreds of small Indian traders
sitting in Kottayam, Ernakulam, Pala, Kushalnagar and
Hassan, become global price benchmarks and establish
Indian prices internationally,” the official said. NMCE used
to conduct futures trading in rubber.
Russian and Chinese shipping companies were pitching to
facilitate India-Iran trade, the source said. Under U.S.
sanctions, India will be allowed to export farm
commodities, food, medicines, and medical devices to Iran.
However, items such as petroleum and petrochemical
products, automobiles, steel, precious metals and graphite
are not allowed to be exported to Tehran.
Indian traders have cancelled some export contracts of
soyabean, estimated at about 1 lakh tonnes, due to the
appreciation in the rupee.However, with Iran emerging as
an unexpected buyer of Indian soyameal, the industry has
been able to maintain a good pace of soyameal exports in
the first quarter which began in October.

6. _____________________________________________________________________________________________________________________
Special Report
11-Dec-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 71.3257 Yen 63.43
Euro 81.5738 GBP 90.9108
USD/INR
TRADING STRATEGY:
USD/INR
BUY USDINR FUTURE ABOVE 71.50 TARGET 71.62/71.75 SL
71.35
SELL USDINR FUTURE BELOW 71.40 TARGET 71.28/71.15 SL
71.55
GBP/INR
TRADING STRATEGY:
BUY GBPINR DEC ABOVE 90 .80 TGT 90.92/ 91.05 SL 90.65
SELL GBPINR DEC BELOW 90.60 TGT 90.48 90.35 SL 90.75
Indian bonds and currency markets weakened on Monday
after exit polls showed mixed results for Prime Minister
Narendra Modi's ruling party at the recently held crucial
state elections, and on higher oil prices after OPEC
members and allies agreed to reduce output on Friday.
The rupee INR=D4 fell to 71.41 to the dollar, weakest since
Nov. 20 and down from Friday's close of 70.80, while the
10-year benchmark bond yield IN071728G=CC rose to 7.50
percent from 7.46 percent.Singapore Nifty
futures SINc1 were also down 1.30 percent, indicating a
weak opening for Indian stock markets."The exit polls are
mixed, but we don't want to take any risk before actual
results are out given that oil is also up," said a trader at a
foreign bank. "Sentiment will remain cautious until state
election results are out (on Tuesday)."
The dollar slipped against the yen and the euro on Monday
after soft U.S. payrolls data fuelled speculation that the
Federal Reserve may stop raising interest rates sooner
than previously expected.The British pound also was on
the defensive as Prime Minister Theresa May's deal to exit
the European Union looks set to be rejected by parliament
on Tuesday, while the Chinese yuan dipped in offshore
trade following weak trade and inflation data over the
weekend.
"We have rising tensions between the United States and
China over Huawei and the Brexit vote in the UK
parliament. The risk-off mood is likely to prevail for now,"
said director of forex at Societe Generale (PA:SOGN).The
dollar slipped 0.2 percent against the yen to 112.52 JPY= ,
edging near Thursday's 5 1/2-week low of 112.23.
U.S. non-farm payrolls increased by 155,000 jobs last
month, below economists' median forecast of 200,000
jobs.Some Fed policymakers have struck a cautious tone
about the economic outlook, possibly flagging a turning
point in its monetary policy.Federal Reserve Governor Lael
Brainard said on Friday the economic picture was broadly
positive but that risks were growing overseas and in the
corporate debt markets at home.

7. _____________________________________________________________________________________________________________________
Special Report
11-Dec-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
10/12/18 NCDEX DHANIYA DEC BUY 6580
6805/6830/68
45
6720 TARGET
10/12/18 NCDEX DHANIYA DEC Sell 6500
6485/6470/64
40
6560 NOT EXECUTED
10/12/18
NCDEX
GUARGUM5
DEC BUY 8700
8715/8735/87
60
8640 NOT EXECUTED
10/12/18
NCDEX
GUARGUM5
DEC SELL 8600
8585/8565/85
40
8660 NOT EXECUTED
10/12/18 MCX GOLD DEC BUY 31600 31650/31800 31450 TARGET
10/12/18 MCX GOLD DEC SELL 31400 31350/31380 31525 NOT EXECUTED
10/12/18 MCX SILVER DEC BUY 38000 38070/38150 37875 TARGET
10/12/18 MCX SILVER DEC SELL 37800 37750/37700 37950 TARGET
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
10/12/18 NIFTY FUTURE SELL 10750
10720/10700/
10650
10770 NOT EXECUTED
10/12/18 GAIL FUTURE SELL 334 330/328 338 TARGET
10/12/18 BHARAT FORG FUTURE SELL 500 494/490 505 STOP LOSS
10/12/18 GAIL CASH SELL 334 330/328 338 TARGET

8. _____________________________________________________________________________________________________________________
Special Report
11-Dec-2018
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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 FORECAST
PREVIO
US
MONDAY, DEC. 10
10 am Job openings Oct. -- 7.0 mln
TUESDAY, DEC. 11
8:30 am Producer price index Nov. 0.0% 0.6%
WEDNESD
AY, DEC. 12
WEDNESDAY, DEC. 12
WEDNESD
AY, DEC.
12
WEDNESDAY, DEC.
12
WEDNESDAY,
DEC. 12
WEDNE
SDAY,
DEC. 12
8:30 am
8:30 am Core CPI Nov. 0.2% 0.2%
2 pm Federal budget Nov. --
-
$139bln
THURSDAY
, DEC. 13
THURSDAY, DEC. 13
THURSDA
Y, DEC. 13
THURSDAY, DEC. 13
THURSDAY,
DEC. 13
THURSD
AY,
DEC. 13
8:30 am
8:30 am Import price index Nov. -- 0.5%
FRIDAY,
DEC. 14
FRIDAY, DEC. 14
FRIDAY,
DEC. 14
FRIDAY, DEC. 14 FRIDAY, DEC. 14
FRIDAY,
DEC. 14
8:30 am Retail sales Nov. 0.1% 0.8%
8:30 am Retail sales ex-autos Nov. 0.2% 0.7%
9:15 am Industrial production Nov. 0.4% 0.1%
9:15 am Capacity utilization Nov. 78.6% 78.4%
10 am
10 am Factory orders Oct. -2.0% 0.7%