A surge in US government bond yields to their highest level in almost seven years sent Wall Street shares sliding on Tuesday after strong retail sales data stoked inflation concerns and investors fretted about looming trade talks between the United States and China

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Special Report
16-May-2018
Global markets at a glance
A surge in US government bond yields to their highest level
in almost seven years sent Wall Street shares sliding on
Tuesday after strong retail sales data stoked inflation
concerns and investors fretted about looming trade talks
between the United States and China.
All three major US stock indexes closed down, with the S&P
500 ending a four-day winning streak and the Dow Jones
Industrial Average posting its first loss in eight sessions.The
yield on 10-year US Treasury notes jumped to its highest
level since July 2011, suggesting an uptick in inflation and
sending the dollar index to its highest close in 2018, raising
expectations for further interest rate hikes from the
Federal Reserve.
Asian markets fell in early trade on Wednesday after
Pyongyang called off talks with Seoul, throwing a major US-
North Korean summit into question, and a spike in the US
10-year Treasury yield to a seven-year high knocked
sentiment on Wall Street.MSCI's broadest index of Asia-
Pacific shares outside Japan was down 0.1 percent.Strong
US retail and factory data on Tuesday pushed the US 10-
year yield through a key level to hit 3.095, its highest since
July 2011. The rise in yields hurt U.S. share markets on
concerns it would undercut stock valuations.Asian shares
are under pressure after North Korea cancelled high-level
talks with Seoul, denouncing military exercises between
South Korea and the United States, breaking from several
months of easing relations on the peninsula.
Previous day Roundup
The Nifty gave up all gains and closed marginally in the red
on Tuesday as uncertainty around who will form the
government in Karnataka made investors wary. The index
formed an ‘Inverted Hammer’ or a Shooting Star kind of
formation on the daily charts. A 'Shooting Star' pattern is
formed when the index comes under selling pressure as
traders start booking profits at higher levels. This pattern is
usually formed in an uptrend and is treated as a reversal
pattern, but it would require confirmation before we can
conclude that the trend will get reversed in near future.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[-4.25],
Consumption[4.05pts],PSE[-10.55pts],CPSE[-23.60
pts],Energy[-46.35pts],FMCG[-84.45pts],Auto[-
86.95pts],Pharma[-60.90pts],IT[58.85pts],Metal
[9.50pts],Realty[-6.15 pts], Fin Serv sector[ 9.05 pts].
World Indices
Index Value % Change
DJI 24,706.40 -0.78
S&P500 2,710.75 0.06
NASDAQ 6,894.25 0.05
FTSE100 7,724.55 0.31
NIKKEI 22,784.93 -0.15
HANG SENG 31,078.73 -0.24
Top Gainers
Company CMP Change % Chg
Idea Cellular 53.10 1.35 2.61
Tata Steel 625.95 15.60 2.56
Power Grid Corp 213.85 4.80 2.30
Bajaj Finance 1,901.95 37.45 2.01
TCS 3,482.40 48.85 1.42
Top Losers
Company CMP Change % Chg
Tata Motors 310.10 -13.50 -4.17
Coal India 263.50 -6.55 -2.43
SBI 248.00 -5.60 -2.21
GAIL 339.45 -4.75 -1.38
Bharti Infratel 312.45 -3.55 -1.12
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
ABBOTINDIA 6533.2 90.75 1.39
ASIANPAINT 1297.35 16.65 1.28
BHARATFIN 1163.2 2.75 0.24
DBL 1144 63.35 5.54
DCMFINSERV 2.6 0.1 3.85
GSS 92.1 -0.35 -0.38
HDFCBANK 2021.75 18.5 0.92
ARVSMART
Indian Indices
Company CMP Change % Chg
NIFTY 10801.90 -4.70 -0.04
SENSEX 35543.94 -12.77 -0.04
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ABGSHIP 5.9 0.05 0.85
ACC 1451.2 -41.55 -2.86
ADHUNIK 3.25 -0.1 -3.08

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Special Report
16-May-2018
STOCK RECOMMENDATION [CASH]
POWERGRID [CASH]
This particular counter has breaked its crucial resistance
level of 214 but woulde not closed above it due to market
volatilty however the the volume shows the strength so
buy on high would be good opportunity to trade so we
advice to buy POWERGRID ABOVE 214 TGT 218-222 SL
BELOW 211
MACRO NEW
 Trends on the Nifty futures on the Singaporean
exchange indicate a flat opening for the market, with a
hint of a negative bias. SGX Nifty was trading around
10,800-levels, a change of five points on the lower
side.
 A poll of the latest exit polls released by various news
organisations and survey agencies suggest that the BJP
might turn out to be the single largest party with
approximately 98 seats. According to the poll of polls,
the Congress won’t be far behind at an estimated 89
seats. The JD(S) will emerge third with around 31 seats
and could be the decision maker in the crucial 2018
Karnataka assembly elections.The exit polls were
released immediately after the voting exercise
concluded in the state. The final voter turnout was 70
percent, marginally lower than 71.4 percent recorded
in the 2013 Assembly polls.
 Investors have pumped in a staggering over Rs 12,400
crore in equity mutual funds in April, driving the assets
under management to a record Rs 8 trillion. This is
much higher than over Rs 6,650 crore inflow seen in
such schemes in March, according to the data from
the Association of Mutual Funds in India (AMFI).
 Investors have pumped in a staggering over Rs 12,400
crore in equity mutual funds in April, driving the assets
under management to a record Rs 8 trillion. This is
much higher than over Rs 6,650 crore inflow seen in
such schemes in March, according to the data from
the Association of Mutual Funds in India (AMFI).
 Walmart may launch Flipkart IPO in as early as 4 years.
RECOMMENDATIONS [FUTURE]
1.RELINFRA [FUTURE ]
The particular script has breaked its crucial support level of
405.55, is continuosly maitaining its downtrend and closed
below its level so we can get good selling opportunity so sell
on low would be a good strategy to follow so we
recommend to SELL RELINFRA AROUND 382.50-382 TGT 377
-372 SL ABOVE 386.
2.TATAMOTORS [FUTURE]
This particular counter is continuosly maitaining its
downtrend below 322 we can get good selling opportunity
so sell on low would be a good startegy to follow so we
recommend to SELL TATAMOTORS AROUND 322-320 TGT
318-314 SL ABOVE 325.

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Special Report
16-May-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 27,000 12 5,70,467 10,10,960
NIFTY CE 11,000 28.55 4,40,699 63,73,500
BANKNIFTY CE 26,900 18.75 3,44,971 6,56,360
TATASTEEL CE 640 13.15 6,918 12,46,675
RELIANCE CE 1,000 11 5,918 24,85,000
LUPIN CE 800 9.8 5,127 6,25,200
MARUTI CE 9,000 49.95 4,948 2,43,450
TATASTEEL CE 620 21.6 4,894 10,31,292
MOST ACTIVE PUT OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY PE 26,500 125 4,03,358 2,87,880
BANKNIFTY PE 26,000 23 3,92,616 6,65,760
BANKNIFTY PE 26,300 66 3,36,449 3,98,840
ICICIBANK PE 300 4.7 5,856 81,12,500
ICICIBANK PE 290 2.3 4,035 27,22,500
TATASTEEL PE 600 7.7 3,573 9,18,826
PNB PE 80 2.8 3,476 42,24,000
LUPIN PE 740 11 3,223 2,57,400
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 34660 2974.49 25684 2314.33 222170 18996.75 660.1616
INDEX OPTIONS 1704537 159154.82 1671951 156287.75 892107 74928.40 2867.0694
STOCK FUTURES 178411 11399.60 181766 11544.91 1223136 84802.44 -145.3156
STOCK OPTIONS 122155 8264.53 120526 8130.15 128527 8935.04 134.3822
3516.2976
STOCKS IN NEWS
 TCS grows its presence in Arkansas, welcoming 200+
new employees to Little Rock
 Shreyas Shipping signs MOA for acquisition of one
container vessel
NIFTY FUTURE
The Nifty gave up all gains and closed marginally in the
red on Tuesday as uncertainty around who will form the
government in Karnataka made investors wary. The
index formed an ‘Inverted Hammer’ or a Shooting Star
kind of formation on the daily charts.
A 'Shooting Star' pattern is formed when the index
comes under selling pressure as traders start booking
profits at higher levels. This pattern is usually formed in
an uptrend and is treated as a reversal pattern, but it
would require confirmation before we can conclude that
the trend will get reversed in near future ,so we advice
to BUY NIFTY FUTURE AROUND 10850-10860 TGT 10900
-10950 SL BELOW 10800.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10985.00 10893.00 10837.00 10745.00 10689.00
BANKNIFTY 27182.00 26828.00 26617.00 26263.00 26052.00

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Special Report
16-May-2018
COMMODITY ROUNDUP
Gold prices slipped in range-bound trading on Friday as the
dollar firmed slightly, with investors mostly brushing off a
potential broadening of conflict in the Middle East. Spot
gold was down 0.1 percent at $1,319.61 per ounce, after
rising to the highest since end-April at $1,322.76 in the
previous session. The metal was, however, still on track to
register a first weekly rise in four. U.S. gold futures for June
delivery were nearly 0.2 percent lower at $1,320.20 per
ounce.
Gold is traditionally seen as a safe place to park assets in
times of uncertainty or conflic. Meanwhile, the dollar index
on Friday edged slightly higher, but still held below a 4-1/2-
month high hit on Wednesday, with tepid U.S. inflation data
for April prompting traders to pare bets of faster rate hikes
by the Federal Reserve.Fed funds futures, however, rose on
Thursday, indicating some traders continued to expect the
U.S. central bank to raise key interest rates at its next policy
meeting in June. A stronger dollar makes gold more
expensive for holders of other currencies, while higher U.S.
rates tend to boost the greenback.
Ireland's manufacturing output declined for the second
straight month in March, the Central Statistics Office
reported Friday. Manufacturing output slid 7.3 percent on a
monthly basis in March, smaller than the 9.9 percent
decrease in February.On a yearly basis, manufacturing
output declined at a faster pace of 9.9 percent after easing
0.2 percent a month ago. At the same time, turnover
decreased 9.1 percent on month and declined 6.6 percent
year-on-year in March. In the first quarter, manufacturing
output plunged 7.8 percent and turnover fell 3.4 percent.
Crude oil futures were flat Thursday, holding most of their
recent gains after subdued U.S. inflation data. A break in the
war of words between the U.S. and Iran allowed traders a
chance to catch their breath after oil's strong rally earlier in
the week. WTI light sweet crude oil was down 5 cents at
$71.07 a barrel at last check.Including food and energy
prices, core consumer prices inched up by 0.1 percent in
April after rising by 0.2 percent in the previous month. Core
prices had been expected to rise by 0.2 percent. Michael
Pearce, Senior U.S. Economist at Capital Economics, said the
smaller than expected increase in core prices suggests that
the recent surge in underlying inflation is fading. The Fed
will likely raise interest rates, but at a slower pace than
some most analysts have come to expect.The U.S. Energy
Information Agency (EIA) said on Thursday that the prices of
crude oil and gasoline will increase this year. EIA's May
Short-Term Energy Outlook (STEO) forecast that Brent crude
oil prices will average 71 U.S. dollars per barrel in 2018, or 7
dollars per barrel higher than last month's STEO.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD JUN FUT ABOVE 31555 TGT 31600-31650 SL BELOW
31440
SELL GOLD JUN FUT BELOW 31480 TGT 31430-31390 SL ABOVE
31530
SILVER
TRADING STRATEGY:
BUY SILVER JUL FUT ABOVE 40625 TGT 40675-40725 SL BELOW
40580
SELL SILVER JUL FUT BELOW 40460 TGT 40410-40360 SL ABOVE
40500

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Special Report
16-May-2018
NCDEX INDICES
Index Value % Change
Barley 1445 2.37
Castor Seed 4030 -0.42
Chana 3686 1.91
Coriander 4750 -0.29
Cotton Seed Oilcake 1317 1.5
Guar Seed 10 MT 3785 0.77
Jeera 16395 -0.03
Mustardseed 3960 1.77
Soy Bean 3730 1.22
Turmeric 7250 0.3
RECOMMENDATIONS
GUARGUM5
BUY GUARGUM JUN FUT ABOVE 8640 tgt 8690-8740 SL
BELOW 8600
SELL GUARGUM5 JUN FUT BELOW 8310 tgt 8260 8210 SL
ABOVE 8360
DHANIYA
BUY DHANIYA JUN FUT ABOVE 4855 TGT 4900-4950 SL
BELOW 4800
SELL DHANIYA JUN BELOW 4760 TARGET 4700-4650 SL
ABOVE 4800
The latest update from United States Department of
Agriculture (USDA), the global oilseeds production is
projected up 20.9 million tons to 593.7 million, with higher
soybean, sunflower, rapeseed, palm kernel, and copra
partly offset by lower peanuts and cottonseed. Global
soybean production is projected up 17.8 million tons to
354.5 million mostly due to recovery from drought in
Argentina. Soybean production for Argentina is projected
up 17.0 million tons to 56.0 million. Production for Brazil is
flat with the revised 2017/18 crop at 117 million tons as a 4
percent increase in harvested area is offset with a return to
trend yields. The 2018/19 soybean crop for China is down
0.1 million tons to 14.1 million with a lower yield and flat
harvested area as producers expand area in more profitable
crops. Global protein meal consumption is projected to
increase 4 percent in 2018/19, with China accounting for
the largest share of the increase despite below-average
growth in protein meal consumption.
The latest update from United States Department of
Agriculture (USDA), the global wheat production is
projected at 747.8 million tons, down 10.6 million from the
previous year's record. Most of the year-over-year
production decline stems from a 13.0-million-ton reduction
for Russia. Global wheat consumption is projected at a
record 753.9 million tons, up 10.1 million from 2017/18.
Global imports are expected to increase 3.5 million tons in
2018/19 for the sixth consecutive record. With total use
rising faster than supplies, global ending stocks are
projected to decline 6.1 million tons to 264.3 million.
Total 2018/19 use is projected up 3 percent on higher food,
feed and residual, and exports. Food use is projected at a
record 965 million bushels, up 2.0 million bushels from the
previous year's revised estimate. U.S.

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Special Report
16-May-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 67.5288 Yen 61.4400
Euro 80.5281 GBP 91.4880
USD/INR
BUY USD/INR AROUND 68.25 TGT 68.45-68.65 SL 68.00
SELL USD/INR BELOW 67.50 TGT 67.30-67.10 SL 67.65
GBP/INR
BUY GBP/INR ABOVE 92.40 TGT 92.60-92.80 SL 92.20
SELL GBP/INR BELOW 92.00 TGT 91.80-91.60 SL 92.20
The dollar hovered below a 4.5-month high against a
basket of major currencies on Friday after tepid inflation
data, prompting traders to pare bets of faster US rate
hikes.
US consumer prices rose less than expected in April, which
would support gradual, rather than more aggressive, rate
increases by the Federal Reserve.
The so-called core CPI, which strips out the volatile food
and energy components, rose 0.1 percent from previous
month, compared to economists' median forecast of 0.2
percent rise. It lodged year-on-year rise of 2.1 percent,
matching March's increase.
The dollar's index against a basket of six major currencies
stepped back to 92.71 from Wednesday's 4.5-month high
of 93.42. .
The euro jumped back to $1.1918 from Wednesday's 4.5-
month low of $1.1823
The single currency has so far weathered the impact from
rises in Italian bond yields on signs the country's two anti-
establishment parties could sweep into power as they
made "significant steps" towards forming a government.
While that would end almost ten weeks of political
stalemate after an inconclusive election on March 4,
investors cast a wary eye on a coalition of the 5-Star
Movement and far-right League, which are hostile to
European Union budget restrictions. Against the yen, the
common currency rose to 130.38 yen , extending its
recovery from its six-week low of 129.24 yen set on
Tuesday.

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Special Report
16-May-2018
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NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
MONDAY,
MAY 14
MONDAY, MAY 14
MONDAY,
MAY 14
MONDAY, MAY 14
MONDAY, MAY
14
MONDAY,
MAY 14
TUESDAY,
MAY 15
TUESDAY, MAY 15
TUESDAY,
MAY 15
TUESDAY, MAY 15
TUESDAY, MAY
15
TUESDAY,
MAY 15
3:15 am
8:30 am Retail sales April 0.6%
8:30 am Retail sales ex-autos April 0.3%
8:30 am
10 am Home builders' index May 69
10 am Business inventories March 0.6%
WEDNESDAY, MAY 16
8:30 am Housing starts April 1.319mln
8:30 am Building permits April 1.379mln
9:15 am Industrial production April 0.5%
9:15 am Capacity utilization April 78.0%
THURSDAY, MAY 17
8.30 am Weekly jobless claims 5/12 -- --
8:30 am Phily Fed index May 23.2