Wall Street indexes continued their decline on concerns over rising interest rates and the potential impact of trade wars on corporate earnings. Asian markets were also tentative. The Nifty 50 index fell 225 points to its lowest close since April 2018. The report provides analysis of movements in various stock indexes and commodities, the day's top gainers and losers, and recommendations to buy or sell various stocks and commodity futures.

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Special Report
12-Oct-2018
Global markets at a glance
Wall Street indexes continued their slide in Thursday's
volatile session as investors worried about rising interest
rates and braced for a trade war hit to corporate earnings a
day ahead of the quarterly reporting season kickoff.
In its sixth consecutive day of declines, the S&P closed
down 2.1 percent after shedding 3 percent in Wednesday's
session. But at its session low the benchmark fell 2.7
percent to its lowest level since early July.The Nasdaq
narrowly avoided confirming a correction. During the
session it fell as much as 10.3 percent from its Aug. 29
closing record high but ended the day 9.6 percent below
the record.
Investors worried that equity markets would have trouble
recovering as rising interest rates coincide with uncertainty
about how much earnings growth would be hurt by a US
trade war with China.
Asian shares appeared tentative on Friday, holding steady
after a nine-day losing streak, but sentiment was frail after
Wall Street shares crumbled and expectations of market
volatility shot up to an eight-month high.
Worries about the economic impact of a Sino-US trade war,
a spike in US bond yields this week and caution ahead of
earnings seasons are all cited as potential reasons behind
the selloff, the biggest market rout since February.
MSCI's broadest index of Asia-Pacific shares outside Japan
rose 0.2 percent after the opening of the South Korea and
Australian markets, a day after it fell 3.6 percent to hit 1-
and-a-1/2 year low.
Previous day Roundup
Brutal sell-off following sharp correction in global peers
dragged benchmark indices to fresh six-month low on
Thursday. The Nifty50 ended with deep cuts amid fears of
rapidly rising interest rates and likely slowdown in global
economic growth hinted by IMF.
The Nifty50 opened with big gap down at 10,169.80
followed by a bit of recovery from day's low of 10,138.60 in
later part of the session. The index still closed 225.40
points lower at 10,234.70, the lowest closing level since
April 4, 2018.India VIX moved up sharply by 14.68 percent
to 20.53 levels. Spurt in VIX from previous day's low
suggests that bears are not loosening their grip and bounce
are being sold in the market. Now VIX has to cool down
below 17.50-17 zones to get any sign of consolidation
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[-50.9pts],
Consumption[-68.1pts],Bank[-537.75pts],Auto[-
222.45pts],FinService[-296.70pts],Fmcg[-221.5pts],Media[-
4.2pts],Pharma[-282.7pts],IT[-460.20pts],Metal[-
132.15pts],Realty[-5.85 pts], Pvt Bank[-258.70pts].
World Indices
Index Value % Change
DJI 25,052.83 -2.15
S&P500 2,767.50 0.80
NASDAQ 7,095.75 0.79
FTSE100 7,145.74 -1.29
NIKKEI 22,510.50 -0.46
HANG SENG 25,563.53 1.16
Top Gainers
Company CMP Change % Chg
HPCL 207.95 27.25 15.08
BPCL 278.15 12.75 4.80
GAIL 350.25 13.90 4.13
ONGC 152.95 4.35 2.93
Yes Bank 240.20 6.30 2.69
Top Losers
Company CMP Change % Chg
Bajaj Finserv 5,592.00 -369.50 -6.20
SBI 262.15 -16.50 -5.92
Tata Steel 555.15 -28.50 -4.88
Bajaj Finance 2,162.10 -108.85 -4.79
Vedanta 207.90 -10.25 -4.70
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
JAINSTUDIO 6.95 0.3 4.32
LIQUIDETF 1000.01 0 0
PRAKASHSTL 0.95 0.05 5.26
- - - -
- - - -
Indian Indices
Company CMP Change % Chg
NIFTY 10234.65 -225.45 -2.16
SENSEX 34001.15 -759.74 -2.19
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
8KMILES 133.8 -6.65 -4.97
AARVEEDEN 24.05 -0.65 -2.7
ABGSHIP 4 -0.05 -1.25
ACCELYA 1017.2 -42.15 -4.14
ADLABS 14.55 -0.2 -1.37

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12-Oct-2018
STOCK RECOMMENDATION [CASH]
IBREALEST [CASH]
After consolidating in the range between 90-79 the stock
made a clear breakout and closed with a bullish candle
above its resistance level of 91.75. As per the daily chart if
it sustains at this level then 99-100 levels can be achieved
in intraday so we advice to buy ibrealest around 96-97 for
the targets of 100-104 with stoploss below 94.
MACRO NEWS
 Trends on SGX Nifty indicate a positive opening for the
broader index in India, a rise of 34 points or 0.33
percent. Nifty futures were trading around 10,313-
level on the Singaporean Exchange.
 The government may announce a fresh set of
measures that could include higher customs duties
and import restrictions on a certain non-essential
items as part of a broader plan to contain a widening
current account deficit (CAD) and arrest the rupee’s
slide. It is learnt that there could be a new list of items
that would attract higher import duty. In addition,
sources said that the government is also mulling
quantitative restrictions on inward shipments.The
Prime Minister’s Office (PMO) will also take stock of
the situation today (October 12), particularly with the
situation pertaining to CAD and depreciating rupee,
sources told Moneycontrol
 The Reserve Bank of India (RBI) remained net seller of
the US dollar in August, as it sold $2.323 billion of the
greenback in the spot market, RBI data showed. In the
reporting month, the central bank purchased $3.680
billion, while sold $6.003 billion in the spot market,
according to the data. In FY18, the apex bank had net
purchased $33.689 billion of US dollars from the spot
market. It had bought $52.068 billion from the spot
market, while selling $18.379 billion. In FY17, the RBI
had bought $12.351 billion of the US dollar on a net
basis.
RECOMMENDATIONS [FUTURE]
1. UJJIVAN [FUTURE ]
After making a doji candle at its support level of 232 the
particular counter has made two bullish confirmation candle
which clearly show a sign of reversal, 255 is the only
resistance level which is acting as a hurdle for it so we
advice you to buy around 255-256 for the targets of 260-266
with stoploss below 252.
2. ITC [FUTURE]
The partiuclar counter is showing a tendency to rebound
from its support level of 268, also it has made a doji candle
at this level today we can get a opportunity to buy on high
so we advice to sell itc future around 269-271 for the targets
of 274-278 with stoploss above 267.

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12-Oct-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 24,800 0.05 15,44,938 13,50,840
BANKNIFTY CE 24,900 0.05 14,28,522 12,12,000
BANKNIFTY CE 25,000 0.05 14,21,590 15,26,760
NIFTY CE 10,500 56 3,02,915 35,92,575
YESBANK CE 250 13.5 7,156 30,31,000
YESBANK CE 260 9.95 7,097 26,93,250
YESBANK CE 300 3.05 5,820 45,15,000
RELIANCE CE 1,100 35.8 5,806 11,42,000
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 24,600 0.05 10,94,580 9,93,160
BANKNIFTY PE 24,700 0.05 10,70,022 14,61,960
BANKNIFTY PE 24,500 0.05 9,46,157 13,37,440
NIFTY PE 10,000 81 2,59,690 44,08,800
RELIANCE PE 1,000 11 4,609 14,36,000
YESBANK PE 220 7.95 4,265 26,77,500
YESBANK PE 230 11.1 4,048 13,77,250
YESBANK PE 200 3.8 3,607 25,00,750
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 45350 3932.18 62117 5418.93 289344 22881.91 -1486.7562
INDEX OPTIONS 1555236 146803.11 1542307 145654.49 946339 77329.66 1148.6234
STOCK FUTURES 311794 18542.87 274129 16263.06 1288255 84500.65 2279.8172
STOCK OPTIONS 109457 7009.78 110660 7106.54 114659 7404.82 -96.7596
1844.9248
STOCKS IN NEWS
 NALCO meeting of board of directors of the
company will be held on October 12, 2018 to
consider the proposal for buyback of the fully paid-
up equity shares of the company
 Tata Motors: Group global wholesales in September
2018, including Jaguar Land Rover, were at 1,23,577
numbers, higher by 6 percent compared to
September 2017.
NIFTY FUTURE
The Nifty50 opened with big gap down at 10,169.80
followed by a bit of recovery from day's low of 10,138.60
in later part of the session. The index still closed 225.40
points lower at 10,234.70, the lowest closing level since
April 4, 2018. Here you can go for sell on rise strategy
around 10470-50 for the targets of 10400-10350 with
stoploss above 10550.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10474.00 10363.00 10259.00 10148.00 10044.00
BANKNIFTY 25265.00 25046.00 24778.00 24559.00 24291.00

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12-Oct-2018
COMMODITY ROUNDUP
Gold prices rose on Thursday as a sell-off in global stock
markets prompted investors to seek safety in the metal,
with a softer dollar further supporting bullion. Spot
gold XAU= gained 0.8 percent to $1,203.30 an ounce by
0947 GMT. U.S. gold futures GCv1 added 1.1 percent at
$1,206.20 an ounce.European stocks fell in line with a slump
on Wall Street, pointing to growing risk aversion across
global markets and turning greater attention to U.S.
inflation data later in the day for clues on the pace of
monetary tightening. MKTS/GLOB
"Gold is finding a bit of support from the global sell-off seen
in equities. If this (sell-off) persists, we will start seeing
more of a move to gold as a safe-haven asset," ING analyst
Warren Patterson said."Rising U.S. yields and general
strength in the dollar have meant that investors have largely
ignored gold. But people are seeing fairly good value at
current levels on the back of some macro concerns,"
Patterson said.Wednesday's dive on Wall Street prompted
U.S. President Donald Trump to lash out against the U.S.
Federal Reserve for raising interest rates. Some analysts
said his comments were supporting gold prices somewhat.
The Fed increased interest rates last month for the third
time this year and is widely expected to hike again in
December, with no suggestion its tightening will cease any
time soon.
Gold has fallen about 13 percent since hitting a peak in
April, with investors increasingly switching to the safety of
the greenback as the U.S.-China trade war unfolded against
a backdrop of rising U.S. interest rates.But gold has
recovered from a 1-1/2-year low of $1,059.96 hit in mid-
August, propped up by limited safe-haven buying at the
lower end of its range, spurred by concerns over economic
growth and inflationary pressure from soaring oil prices. O/
R Holdings in the SPDR Gold Trust GLD , the world's largest
gold-backed exchange-traded fund, rose 1.21 percent to
738.99 tonnes on Wednesday. This was the SPDR ETF's first
gain since July and the biggest inflow since March.Spot
silver XAG= rose 1.1 percent to $14.42 an ounce and
palladium XPD= was up 1.2 percent at $1,079.72.
Platinum XPT= edged up 0.2 percent to $820.50 an ounce.
Gold advanced by Rs 130 to Rs 31,980 per 10 gram Thursday
following uptick in festive season demand from jewellers
and retailers at the domestic spot market despite a weak
global trend.
However, silver met with resistance at prevailing levels and
declined by Rs 200 to Rs 39,000 per kg.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD DEC FUT ABOVE 32020 TGT 32100 32150 SL
BELOW 31970
SELL GOLD DEC FUT BELOW 31250 TGT 31200 31150 SL
ABOVE 31300
SILVER
TRADING STRATEGY:
BUY SILVER DEC FUT 39100 TGT 39150 39200 SL BELOW
39050
SELL SILVER DEC FUT 38340 TGT 38300 38250 SL ABOVE
38400

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12-Oct-2018
NCDEX INDICES
Index Value % Change
Barley 1755 0.2
Castor Seed 4868 1.25
Chana 4214 0.74
Coriander 4860 1
Cotton Seed Oilcake 1723 0.32
Guar Seed 10 MT 4126 -0.83
Jeera 19600 0.49
Mustardseed 4011 -0.84
Soy Bean 3197 -0.22
Turmeric 6918 -0.14
RECOMMENDATIONS
GUARGUM
TRADING STRATEGY:
BUY GUARGUM OCT FUT ABOVE 9150 TGT 9200 9250 SL
BELOW 9100
SELL GUARGUM OCT FUT BELOW 8900 TARGET 8850-8800
SL 8950
DHANIYA
TRADING STRATEGY:
BUY DHANIYA OCT FUT ABOVE 4950 TGT 5000 5050 SL
BELOW 4900
SELL DHANIYA OCT FUT BELOW 4800 TARGET 4750-4700 SL
4850
Soyabean prices firmed up again in Nagpur Agriculture
Produce Marketing Committee (APMC) on increased
demand from local crushing plants amid tight supply from
producing belts. Upward trend in Madhya Pradesh
soyabean prices and enquiries from South-based plants also
jacked up prices. About 6,000 new soyabean bags reported
for auction in Nagpur APMC, according to sources.
Cotton prices are expected to remain firm in the long term
with traders expecting export demand to pick up. Current
delays in the arrival of crop in Gujarat and Rajasthan mandis
may also support the prices. Analysts expect prices to move
from the current Rs 22,300 per bale of 170 kg each to Rs
23,000 per bale in October. Increased demand from China,
Bangladesh and Vietnam and the opening up of the
Pakistan market for Indian cotton could firm up prices
further, traders said. “The demand .for cotton by local
spinners and exporters will pick up by October 15. Apart
from China, Bangladesh and Vietnam, we expect orders
from Pakistan. The Pakistan government is expected to lift
import duty of 5 per cent by next week,” says Atul Ganatra,
president of the Cotton Association of India. They will come
out with figures on export and domestic demand on Nov 1,
he said.Traders expect cotton production in 2018 to fall 4.7
per cent from the previous season to 34.8 million bales due
to lower rainfall in key cotton growing states and attack of
pink bollworms. This will also support cotton prices, they
said. The country exported 6.9 million bales in 2017-18
marketing year that ended on September 30, he added.
Coffee bean sales in Vietnam and Indonesia picked up this
week on a strong recovery in global prices, while the main
harvest is awaited next month in Vietnam, traders said on
Thursday. Exporters offered Vietnam's 5-percent black and
broken grade 2 robusta at $50-$60 discount per tonne to
London's January contract, compared to $30-$40 discount
last week, traders said.

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Special Report
12-Oct-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 74.3875 Yen 66.29
Euro 85.2637 GBP 97.6284
USD/INR
TRADING STRATEGY:
BUY USDINR ABOVE 74.80 TGT 75.30 75.80 SL BELOW 74.30
SELL USDINR BELOW 73.50 TGT 73.00 72.50 SL ABOVE 74.00
GBP/INR
TRADING STRATEGY:
BUY GBPINR ABOVE 98.60 TGT 99.00 99.50 SL BELOW 98.20
SELL GBPINR BELOW 95.50 TGT 95.00 94.50 SL ABOVE 96.00
The recent drop in the rupee to record lows has dealt a
double blow to foreign portfolio investors (FPIs). While the
depreciating rupee has eroded the value of their holdings
in dollar terms, the government’s move in the recent
Budget to tax capital gains made by foreigners in the
domestic stock market on rupee denominated returns has
added to their woes. Until last financial year, foreigners
paid tax on capital gains based on dollar returns. This was
allowed only for stock market trans transactions under a
special provision in the Income Tax Act . The government
quietly withdrew this benefit in this Budget while
reintroducing the long-term capital gains (LTCG) tax in the
Union Budget. Now, foreign investors have to calculate
capital gains based on how much they have earned in
rupee terms.
Then, overseas investors didn’t oppose the move because
of the rupee’s strength against dollar earlier this year. But,
with the Indian currency falling 16 per cent so far in 2018,
capital gains tax on rupeebased returns would be steeper.
The dollar weakened on Thursday following an overnight
drop in U.S. Treasury yields, though moves in foreign
exchange markets were far more contained than the global
rout in stocks. Risk appetite broadly remained robust in
currencies, with the Aussie AUD=D3 and the kiwi NZD=D3
rallying by half a percent each against the greenback.
"The dollar's weakness may be due to some unwinding of
very long positions ...after the overnight drop in U.S. yields
but these are very volatile markets," said Manuel Oliveri, a
currency strategist at Credit Agricole (PA:CAGR) in London.
Against a basket of its rivals .DXY =USD , the dollar fell a
quarter of a percent to 95.17. It has fallen 1 percent in the
last two trading sessions and is holding at its lowest level
since the start of October.With long dollar positions at
their biggest since end-2016 among hedge funds, markets
have become very focused on any slight tweak in likely
policy settings from the U.S. Federal Reserve and any data
that might change the central bank's thinking.
U.S. inflation data for September is due later in the day
with market expectations at 0.2 percent on a monthly
basis. As investors selectively took shelter in safe-haven
assets, the MSCI index of global stocks hit its lowest levels
since early February while gauges of market volatility
jumped.

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Special Report
12-Oct-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target
Stop
Loss
Remark
11/10/18 NCDEX CORIANDER NOV. BUY 4950 5000-5050 4900 NOT EXECUTED
11/10/18 NCDEX CORIANDER NOV. SELL 4800 4750-4700 4850 NOT EXECUTED
11/10/18 NCDEX GUARGUM NOV. BUY 9050 9100-9150 9000 NOT EXECUTED
11/10/18 NCDEX GUARGUM NOV. SELL 8990 8950-8900 9040 NOT EXECUTED
11/10/18 MCX GOLD DEC. BUY 31310 31350-31400 31260 NOT EXECUTED
11/10/18 MCX GOLD DEC. SELL 31250 31200-31150 31300 NOT EXECUTED
11/10/18 MCX SILVER DEC. BUY 38670 38720-38770 38620 TARGET HIT
11/10/18 MCX SILVER DEC. SELL 38540 38500-38450 38590 TARGET HIT
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target
Stop
Loss
Remark
11/10/18 NIFTY FUTURE SELL 10470-50 10400-10350 10550 NOT EXECUTED
11/10/18 UJJIVAN FUTURE BUY 255-256 260-266 252 OPEN
11/10/18 ITC FUTURE SELL 269.-271 274-278 267 NOT EXECUTED
11/10/18 IBREALEST CASH BUY 96-97 100-104 94 NOT EXECUTED

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Special Report
12-Oct-2018
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Disclaimer
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
TIME (ET) REPORT PERIOD ACTUAL FORECAST PREVIOUS
MONDAY, OCT. 8
None scheduled
Columbus Day
TUESDAY, OCT. 9
6 am NFIB small-business index Sept. -- 108.8
WEDNESDA
Y, OCT. 10
WEDNESDAY, OCT. 10
WEDNESD
AY, OCT.
10
WEDNESDAY, OCT.
10
WEDNESDAY,
OCT. 10
WEDNESDAY
, OCT. 10
8:30 am Producer price index Sept. 0.2% -0.1%
10 am
THURSDAY,
OCT. 11
THURSDAY, OCT. 11
THURSDA
Y, OCT. 11
THURSDAY, OCT. 11
THURSDAY,
OCT. 11
THURSDAY,
OCT. 11
8:30 am Weekly jobless claims 10/6 206,000 207,000
8:30 am
8:30 am Core CPI Sept. 0.2% 0.1%
2 p m Federal budget Sept. -- $8 bln
FRIDAY,
OCT. 12
FRIDAY, OCT. 12
FRIDAY,
OCT. 12
FRIDAY, OCT. 12
FRIDAY, OCT.
12
FRIDAY, OCT.
12
8:30 am Import price index Sept. -- -0.6%
10 am Consumer sentiment index Oct. 100.6 100.1