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1. _____________________________________________________________________________________________________________________
Special Report
19-Dec-2018
Global markets at a glance
The benchmark S&P 500 stock index ended little changed in
a choppy trading session on Tuesday as the possibility of a
partial US government shutdown raised investor jitters
ahead of a highly anticipated meeting of the Federal
Reserve. The Dow Industrials and the Nasdaq posted slight
gains, however, as shares of Boeing Co and the group of
internet-focused momentum stocks known as FAANG rose.
The Dow Jones Industrial Average rose 82.66 points, or
0.35 percent, to 23,675.64, the S&P 500 gained 0.22 point,
or 0.01 percent, to 2,546.16 and the Nasdaq Composite
added 30.18 points, or 0.45 percent, to 6,783.91.Asian
share markets played second fiddle to bonds on
Wednesday as a spectacular fall in the price of oil fanned
speculation the US Federal Reserve might be done with
tightening after its policy meeting later in the day. MSCI's
broadest index of Asia-Pacific shares outside Japan gained
0.2 percent in hesitant early trade. Japan's Nikkei eased 0.1
percent, while E-Mini futures for the S&P 500 inched up
0.17 percent.
PREVIOUS DAY ROUNDOFF
The 30-share BSE Sensex recovered 300 points from day's
low to end 77.01 points higher at 36,347.08, continuing
uptrend for the sixth consecutive session.The 50-share NSE
Nifty gained 20.30 points at 10,908.70, forming bullish
candle on the daily scale.Nifty index partial filled its
previous day’s gap and formed a bullish candle on a daily
scale which indicates that decline is being bought in the
market. The index has been shifting its support to higher
zones and given a highest daily close in last 52 trading
sessions since October 1, 2018After six-day gains, the
market is expected to consolidate and some amount of
profit taking can't be ruled out in coming sessions, experts
said.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[+0.44pts],
C o n s u m p t i o n [ + 0 . 2 7 p t s ] , P S E [ + 0 . 9 3 p t s ] , C P S E
[+0.89pts],Energy[+0.72pts],FMCG[-0.11pts],Auto
[ + 0 . 7 3 p t s ] , P h a r m a [ + 0 . 7 9 p t s ] , I T [ -
0.96pts],Metal+0.73pts],Realty[+0.21pts], Fin Serv sector
[+0.48pts].
World Indices
Index Value % Change
DJI 23696 +0.37
S&P500 2546 +0.0086
NASDAQ 6783 +0.45
FTSE100 6701 -1.06
NIKKEI 21115 -1.82
HANG SENG 25814 -1.05
Top Gainers
Company CMP Change % Chg
Sun Pharma 433.45 12.5 2.97
Bajaj Finance 2,532.20 57.8 2.34
Power Grid Corp 196.35 3.8 1.97
M&M 770.95 14.6 1.93
JSW Steel 305.45 5.6 1.87
Top Losers
Company CMP Change % Chg
Zee Entertain 462.7 -39.15 -7.8
UPL 743.65 -24.4 -3.18
Infosys 676.6 -17.8 -2.56
Tech Mahindra 709 -10.75 -1.49
Wipro 335.05 -4.55 -1.34
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
BANG 53.8 3.6 6.69
GMMPFAUDLR 1228.1 25.9 2.11
HINDUNILVR 1860.55 -9.8 -0.53
IRCON 425.25 31.75 7.47
ICICILIQ 1000 0 0
Indian Indices
Company CMP Change % Chg
NIFTY 10908.7 20.3 +0.19
SENSEX 36347 77.01 +0.21
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ADHUNIK 2.35 0.05 2.13
AMTEKAUTO 3.5 0 0
DAMODARIND 45.15 1.35 2.99
EASUNREYRL 5.45 0.25 4.59
ENIL 594.4 3.25 0.55

2. _____________________________________________________________________________________________________________________
Special Report
19-Dec-2018
STOCK RECOMMENDATION [CASH]
JUBILANT FOOD
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
1300 target 1305/1315 Sl 1285
MACRO NEWS
 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.
 The Cabinet on December 17 approved amending the
existing laws to provide legal backing for seeding of
biometric ID Aadhaar with mobile numbers and bank
accounts as an optional KYC after the Supreme Court
barred mandatory use of 12-digit unique identifier by
private firms, sources said. The Cabinet headed by
Prime Minister Narendra Modi approved amendments
to the Telegraph Act and the Prevention of Money
Laundering Act (PMLA) after the Supreme Court in
September imposed restrictions on the use of Aadhaar
by private companies.
 Zydus Wellness that already has a strong presence in
the sugar substitute market, has expanded its portfolio
by launching a new variant Sugar Lite, said Tarun
Arora, Chief Operating Officer and Director, Zydus
Wellness.
RECOMMENDATIONS [FUTURE]
1. JUBILANT FOOD (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 1300 target 1305/1315 Sl 1285
2. BEML [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 860 target 865/870 Sl
850

3. _____________________________________________________________________________________________________________________
Special Report
19-Dec-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 27,200 146 6,66,145 4,18,780
BANKNIFTY CE 27,000 266.6 5,29,579 3,18,320
BANKNIFTY CE 27,100 199.75 4,56,970 1,86,740
RELIANCE CE 1,140 18 10,334 15,27,000
RELIANCE CE 1,160 10.25 8,624 15,07,000
MARUTI CE 8,000 41.5 6,493 2,66,025
MARUTI CE 7,800 111 5,783 1,48,800
RELIANCE CE 1,180 5.35 5,674 17,11,000
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 27.65 5,59,333 7,79,060
BANKNIFTY PE 26,700 20.15 4,43,334 6,25,400
BANKNIFTY PE 26,900 40.05 3,92,771 5,36,420
RELIANCE PE 1,120 9.2 6,949 6,12,000
RELIANCE PE 1,100 4.75 6,665 9,06,000
RELIANCE PE 1,080 2.8 3,715 7,36,000
RELIANCE PE 1,140 17.4 3,041 5,16,500
MARUTI PE 7,500 30 2,664 71,925
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 26678 1840.52 38895 2791.49 377881 29376.72 -950.9621
INDEX OPTIONS 1185497 71128.46 1174276 70187.60 878958 65759.96 940.8542
STOCK FUTURES 210703 11865.14 210530 12124.67 1472039 86493.72 -259.5285
STOCK OPTIONS 102821 6049.06 102233 6045.67 159528 8978.72 3.3828
-266.2536
SELL
STOCKS IN NEWS
Ashoka Buildcon: Subsidiary raises Rs 150 crore from
Morgan Stanley India Infrastructure.
Glenmark Pharma: Company announces new data on
GBR 1302, a HER2xCD3 Bispecific antibody, presented at
the ESMO Immuno-Oncology Congress 2018
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
10940 Target 10900/10850/10820 .Sell on rise strategy
follow for trading & positional purpose.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10977 10943 10881 10846 10784
BANKNIFTY 27444 27309 27075 26940 26705

4. _____________________________________________________________________________________________________________________
Special Report
19-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 31200 TGT 31250/31300 SL BELOW
31100
SELL GOLD BELOW 31000 TGT 31950/31900 SL ABOVE
31200
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 37800 TGT 37850/37925 SL BELOW
33600
SELL SILVER BELOW 37300 TGT 37200/37150 SL ABOVE
37400

5. _____________________________________________________________________________________________________________________
Special Report
19-Dec-2018
NCDEX INDICES
Index Value % Change
Barley 1830 0.27
Castor Seed 5388 0.15
Chana 4544 0.35
Coriander 6664 -2.76
Cotton Seed Oilcake 1923.5 -1.12
Guar Seed 10 MT 4392.5 -0.42
Jeera 18235 0.49
Mustardseed 4099 -0.32
Soy Bean 3373 -0.03
Turmeric 6150 2.44
RECOMMENDATIONS
GUARGUM5
TRADING STRATEGY:
BUY GUARGUM JAN ABOVE 8600 TARGET 815/8635/8660
SL 8650
SELL GUARGUM ABOVE JAN 8500 TARGET
8475/8480/8440 SL 8560
DHANIYA
TRADING STRATEGY:
BUY DHANIYA JAN ABOVE 6350 TARGET 6375/6390/6410
SL 6290
SELL DHANIYA JAN ABOVE 6300 TARGET 6285/6265/6240
SL 6360
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
19-Dec-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 71.62 Yen 63.32
Euro 81.35 GBP 90.33
USD/INR
TRADING STRATEGY:
USD/INR
BUY USDINR NOV ABOVE 72 TGT 72.1 72.25 SL 71.8
SELL USDINR NOV BELOW 71.7 TGT 71.6 71.7 SL 71.9
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
19-Dec-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
18/12/18 NCDEX DHANIYA JAN BUY 6600
6615/6630/66
60
6540 TARGET
18/12/18 NCDEX DHANIYA JAN Sell 6570
6555/6530/65
20
6630 TARGET
18/12/18
NCDEX
GUARGUM5
JAN BUY 8900
8915/8935/89
60
8850 NOT EXECUTED
18/12/18
NCDEX
GUARGUM5
JAN SELL 8850
8835/8820/87
90
8910 TARGET HIT
18/12/18 MCX GOLD JAN BUY 31600 31650/31725 31500 NOT EXECUTED
18/12/18 MCX GOLD JAN SELL 31500 31420/31375 31700 TARGET HIT
18/12/18 MCX SILVER MAR BUY 38300 38375/38425 38175 NOT EXECUTED
18/12/18 MCX SILVER MAR SELL 38100 38000/37975 38225 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
18/12/18 NIFTY FUTURE SELL 10940
10900/10850/
10820
11000 NOT EXECUTED
18/12/18 JUBILANT FOOD FUTURE BUY 1270 1280/1290 1250 TARGET
18/12/18 BEML FUTURE BUY 850 860/865 830 TARGET HIT
18/12/18 JUBILANT FOOD CASH BUY 1270 1280/1290 1250 TARGET HIT

8. _____________________________________________________________________________________________________________________
Special Report
19-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%