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1. _____________________________________________________________________________________________________________________
Special Report
14-Dec-2018
Global markets at a glance
The S&P 500 finished little changed after a volatile session
on Thursday, as investors continued to be spooked by
uncertainty on both domestic and international issues,
driving up bids for defensive shares while financials and
consumer discretionary stocks were the biggest drags.
The Dow Jones Industrial Average rose 70.11 points, or
0.29 percent, to 24,597.38, the S&P 500 lost 0.53 point, or
0.02 percent, to 2,650.54 and the Nasdaq Composite
dropped 27.98 points, or 0.39 percent, to 7,070.33.Asian
shares were on the defensive on Friday as investors kept a
wary eye on economic tensions between Washington and
Beijing while the euro was steady after the European
Central Bank halted new bond purchases as expected.
MSCI’s broadest index of Asia-Pacific shares outside Japan
eased 0.3 percent while Japan’s Nikkei dropped 0.4
percent.Trends on SGX Nifty indicate a negative opening
for the broader index in India, a fall of 42 points or 0.39
percent. Nifty futures were trading around 10,784-level on
the Singaporean Exchange.
PREVIOUS DAY ROUNDOFF
The Indian stock markets witnessed a spectacular rally on
Wednesday with benchmark indices closing near their high
point of the day.The Nifty opened gap up and traded with a
positive bias right throughout the day before witnessing
further traction in the second half of the session.The NSE
benchmark Nifty managed to close 188 points higher at
10,737 led by strong gains in Auto and Realty stocks. Bank
Nifty also ended 480 points higher at 26,643.
Broader markets too put up a strong show with Nifty
Midcap 100 and Nifty Smallcap100 managing to close
2.64% and 3% higher, respectively. Tracking the derivative
data points, Nifty and Bank Nifty Futures witnessed a surge
in open interest, indicating fresh long positions.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[+0.15pts],
C o n s u m p t i o n [ + 0 . 9 4 p t s ] , P S E [ + 0 . 4 7 p t s ] , C P S E
[+0.59pts],Energy[+0.08pts],FMCG[+0.68pts],Auto
[+0.96pts],Pharma[+0.11pts],IT[+0.69pts],Metal[-
0.61pts],Realty[+1.37pts], Fin Serv sector[+0.78pts].
World Indices
Index Value % Change
DJI 24443 -0.52
S&P500 2650 -0.020
NASDAQ 7070 -0.39
FTSE100 6877 -0.04
NIKKEI 21444 -1.7
HANG SENG 26150 -1.41
Top Gainers
Company CMP Change % Chg
Indiabulls Hsg 775.7 41.4 5.64
Bajaj Finserv 6,159.40 170.4 2.85
Infosys 697.75 19.25 2.84
HPCL 225.15 5.85 2.67
Maruti Suzuki 7,670.50 198.65 2.66
Top Losers
Company CMP Change % Chg
Yes Bank 174.7 -11.9 -6.38
Sun Pharma 422.1 -9.35 -2.17
UPL 773.45 -16.6 -2.1
Eicher Motors 23,305.40 -416.6 -1.76
TCS 1,982.60 -34.2 -1.7
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
AAVAS 785.9 18.6 2.37
CGCL 127.3 7.45 5.85
ICICILIQ 1000 0 0
NRBBEARING 189.25 22.45 11.86
LIQUIDETF 1000 0 0
Indian Indices
Company CMP Change % Chg
NIFTY 10791 53.9 +0.5
SENSEX 35929 150.57 +0.42
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ABGSHIP 2 0.1 5
AIFL 21.3 -1.05 -4.93
ALCHEM 1.7 0.05 2.94
ANGIND 1.3 0 0
ATLASCYCLE 78.15 2.85 3.65

2. _____________________________________________________________________________________________________________________
Special Report
14-Dec-2018
STOCK RECOMMENDATION [CASH]
GAIL
On Daily chart we have seen that stock near its resistence
level, expectation it will broke its 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 347 target 350/352 Sl 344
MACRO NEWS
 US stocks closed up on Wednesday afternoon, though
well below their session highs as investors pulled back
in the last few minutes of trading despite optimism
about US-China trade relations and some reassuring
signs in British politics.The Dow Jones Industrial
Average rose 157.03 points, or 0.64 percent, to
24,527.27, the S&P 500 gained 14.29 points, or 0.54
percent, to 2,651.07 and the Nasdaq Composite added
66.48 points, or 0.95 percent, to 7,098.31.Asian shares
and the pound moved higher on Thursday as investors
breathed a sigh of relief after British Prime Minister
Theresa May survived a no-confidence vote, and as
China appeared to be taking more steps to meet US
demands to open its marketsCountry's third largest
software company HCL Technologies and
NBFC major Bajaj Finance will be included in the 30-
share BSE Sensex effective December 24,
2018.Wipro and Adani Ports will be excluded from the
index on the same day.
 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.
RECOMMENDATIONS [FUTURE]
1. GAIL (FUTURE )
On Daily chart we have seen that stock near its resistence
level, expectation it will broke its 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 347 target 350/352 Sl 344
2. BHARAT FORG [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 520 target 530/535 Sl
510

3. _____________________________________________________________________________________________________________________
Special Report
14-Dec-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 27,000 0.05 32,96,658 20,70,200
BANKNIFTY CE 26,900 0.05 25,79,861 14,94,400
BANKNIFTY CE 26,800 3 21,34,047 7,26,000
YESBANK CE 200 3.8 11,572 92,19,000
RELIANCE CE 1,140 13.95 9,001 17,15,500
YESBANK CE 190 6.2 8,444 45,48,250
RELIANCE CE 1,120 21 7,926 12,05,000
RELIANCE CE 1,160 8.75 7,160 15,47,000
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 26,800 0.05 33,85,112 9,95,920
BANKNIFTY PE 26,700 0.1 27,71,287 15,17,940
BANKNIFTY PE 26,900 82.1 15,54,899 58,060
YESBANK PE 170 9.5 6,638 28,87,500
RELIANCE PE 1,100 20.15 6,321 7,19,000
RELIANCE PE 1,080 13.2 6,096 7,03,500
YESBANK PE 180 14.25 6,058 21,24,500
YESBANK PE 160 5.85 5,166 28,38,500
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 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
Indian Oil Corporation: Board approved the buyback of
up to 29.7 crore shares at Rs 149 per share and declared
an interim dividend of Rs 6.75 per equity share.
Lupin: Company received tentative US FDA approval for
Dimethyl Fumarate Delayed release capsules, 120 mg
and 240 mg, which are indicated for the treatment of
patients with relapsing forms of multiple sclerosis.
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 due to election
result proposed. Our view on market is bearish ,our
recommendation is to sell the nifty future in the range of
10820 Target 10800/10780/10750 .Sell on rise strategy
follow for trading & positional purpose.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10882 10836 10793 10747 10704
BANKNIFTY 27058 27540 26335 25657 24451

4. _____________________________________________________________________________________________________________________
Special Report
14-Dec-2018
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 31750 TGT 31800/31875 SL BELOW
31650
SELL GOLD BELOW 31500 TGT 31420/31375 SL ABOVE
31700
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 38600 TGT 38675/38750 SL BELOW
38420
SELL SILVER BELOW 38400 TGT 38320/38260 SL ABOVE
38550

5. _____________________________________________________________________________________________________________________
Special Report
14-Dec-2018
NCDEX INDICES
Index Value % Change
Barley 1818 -0.17
Castor Seed 5692 -2.85
Chana 4601 -0.67
Coriander 6781 -0.19
Cotton Seed Oilcake 1874.5 -0.88
Guar Seed 10 MT 4388 -1.16
Jeera 18715 -1.66
Mustardseed 3968 -0.05
Soy Bean 3315 -0.3
Turmeric 6426 -0.75
RECOMMENDATIONS
GUARGUM5
TRADING STRATEGY:
BUY GUARGUM JAN ABOVE 8910 TARGET 8925/8940/8970
SL 8850
SELL GUARGUM ABOVE JAN 8850 TARGET
8835/8820/8790 SL 8910
DHANIYA
TRADING STRATEGY:
BUY DHANIYA JAN ABOVE 6650 TARGET 6665/6680/6700
SL 6490
SELL DHANIYA JAN ABOVE 6610 TARGET 6595/6580/6560
SL 6670
Jeera prices rose 1.21 percent to Rs 18,895 per quintal in
futures trade on December 7 as speculators created fresh
positions, driven by pick-up in demand from stockists and
overseas enquiries.Tight stocks position following restricted
arrivals from the growing regions fuelled the uptrend. At
the National Commodity and Derivatives Exchange, jeera
for delivery in January rose by Rs 225, or 1.21 per cent, to
Rs 18,895 per quintal, with an open interest of 3,114 lots.
Coriander prices fell 0.02 per cent to Rs 6,503 a quintal in
futures market on december 7 as participants cut down
positions amid muted domestic as well as exports demand
against ample stocks position.Besides, rising arrivals from
major producing belts and profit-booking at higher levels
weighed on the sentiment.At the National Commodity and
Derivatives Exchange, coriander prices for delivery in Jauary
declined by Rs 1, or 0.02 per cent, to Rs 6,503 per quintal
with an open interest of 28,460 lots.
Chana prices declined 0.24 per cent to Rs 4,622 per quintal
in futures trade on December 7 as speculators reduced
exposure amid subdued demand at the spot market against
adequate stocks position.At the National Commodity and
Derivatives Exchange, chana for delivery in December fell by
Rs 11, or 0.24 per cent, to Rs 4,622 per quintal, with an
open interest of 29,390 lots.imilarly, the commodity for
delivery in February declined by Rs 25, or 0.54 per cent, to
Rs 4,645 per quintal in 9,250 lots.
Marketmen said trimming of positions by traders on the
back of easing demand in the physical market against
adequate stocks position mainly influenced chana prices at
futures trade.

6. _____________________________________________________________________________________________________________________
Special Report
14-Dec-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 72.3950 Yen 63.7250
Euro 81.8675 GBP 90.5558
USD/INR
TRADING STRATEGY:
USD/INR
BUY USDINR NOV ABOVE 72.20 TGT 70.3 70.35 SL 72
SELL USDINR NOV BELOW 72.10 TGT 72 71.9 SL 72.3
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 is trading higher by 35 paise at 70.55 per
dollar on Friday versus previous close 70.90 per dollar.
Rupee weakened sharply against the US dollar ahead of
the important OPEC meeting that was scheduled last
evening. In the second half of the session rupee rose after
oil prices came under pressure following OPEC’s decision
to delay a final decision on output cuts, awaiting support
from non-OPEC heavyweight Russia. The declines came
after crude slumped by almost 3% ending a meeting
without announcing a decision to cut crude supply, instead
preparing to debate the matter today, said Motilal Oswal.
Indian bonds rose to over 8-month highs as rate hike fears
faded after the central bank promised to keep buying
government bonds to infuse liquidity, and also mentioned
the probability of changing its rate stance if inflation risks
do not mature. The 10-year benchmark bond yield fell to
as low as 7.38 per cent, its lowest since April 11 and
compared with its previous close of 7.44 per cent.
The Indian rupee was weaker at 70.89 to the dollar
tracking Asian peers, compared with 70.46 on Wednesday.
Most Asian currencies fell on concerns over slowing global
growth and a lack of resolution in the China-US trade war.
India's central bank kept interest rates unchanged on
Wednesday, in a decision that was widely expected as
inflation has eased significantly, while it took steps to
persuade banks to lend more in order to support an
economy that has lost some momentum.
India's central bank kept interest rates unchanged on
Wednesday, in a decision that was widely expected as
inflation has eased significantly, while it took steps to
persuade banks to lend more in order to support an
economy that has lost some momentum. The monetary
policy committee (MPC) kept the repo rate unchanged at
6.50 percent on Wednesday as predicted by 64 of 70
analysts in a Reuters poll. The central bank also retained its
"calibrated tightening" stance as expected.

7. _____________________________________________________________________________________________________________________
Special Report
14-Dec-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
13/12/18 NCDEX DHANIYA JAN BUY 6650
6665/6680/67
00
6490 NOT EXECUTED
13/12/18 NCDEX DHANIYA JAN Sell 6610
6595/6575/65
65
6670 NOT EXECUTED
13/12/18
NCDEX
GUARGUM5
JAN BUY 8910
8925/8940/89
70
8850 TARGET HIT
13/12/18
NCDEX
GUARGUM5
JAN SELL 8850
8835/8820/87
90
8910 NOT EXECUTED
13/12/18 MCX GOLD JAN BUY 31750 31800/31875 31650 NOT EXECUTED
13/12/18 MCX GOLD JAN SELL 31500 31420/31375 31700 NOT EXECUTED
13/12/18 MCX SILVER MAR BUY 38600 38675/38750 38420 NOT EXECUTED
13/12/18 MCX SILVER MAR SELL 38400 38320/38260 38200 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
13/12/18 NIFTY FUTURE SELL 10850
10820/10780/
10750
10920 TARGET HIT
13/12/18 Gail FUTURE BUY 347 350/352 344 OPEN
13/12/18 BHARAT FORG FUTURE BUY 520 530/535 510 SL HIT
13/12/18 DCB CASH SELL 157 158/159 154 TARGET HIT

8. _____________________________________________________________________________________________________________________
Special Report
14-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. 3
9:45 am Markit manufacturing PMI Nov. -- 55.4
10 am
10 am Construction spending Oct. 0.3% 0.0%
TUESDAY,
DEC. 4
TUESDAY, DEC. 4
TUESDAY,
DEC. 4
TUESDAY, DEC. 4
TUESDAY, DEC.
4
TUESDA
Y, DEC.
4
Varies
WEDNESD
AY, DEC. 5
WEDNESDAY, DEC. 5
WEDNESD
AY, DEC. 5
WEDNESDAY, DEC. 5
WEDNESDAY,
DEC. 5
WEDNE
SDAY,
DEC. 5
8:15 am ADP employment Nov. --- 227,000
8:30 am Productivity Q3 2.3% 2.2%
8:30 am
9:45 am Markit services PMI Nov. -- 55.4
10 am ISM nonmanufacturing index Nov. 59.8% 60.3%
10 am Quarterly services survey Q3 -- --
2 pm Beige book -- --
THURSDAY
, DEC. 6
THURSDAY, DEC. 6
THURSDA
Y, DEC. 6
THURSDAY, DEC. 6
THURSDAY,
DEC. 6
THURSD
AY,
DEC. 6
8:30 am Weekly jobless claims 12/1 225,000
234,000
8:30 am
10 am Factory orders Oct. -2.0% 0.7%