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1. _____________________________________________________________________________________________________________________
Special Report
24–JAN-2019
Global markets at a glance
Wall Street ended slightly higher on Wednesday after a
spate of upbeat earnings reports, but lingering concerns
about trade tensions and the longest US government
shutdown ever limited the advance.All three major US
stock indexes closed in positive territory, with the blue chip
Dow Jones Industrial Average seeing the biggest gains on
positive quarterly results from International Business
Machines, Procter & Gamble Co and United
Technologies.The Dow Jones Industrial Average rose
171.14 points, or 0.7 percent, to 24,575.62, the S&P 500
gained 5.8 points, or 0.22 percent, to 2,638.7 and
theNasdaq Composite added 5.41 points, or 0.08 percent,
to 7,025.77.
Asian shares rose on Thursday after Wall Street managed
to end higher, but gains were capped by political
uncertainty in the United States and worries about
weakening global economic growth.MSCI’s broadest index
of Asia-Pacific shares outside Japan was up 0.2 percent. It
has gained 3.8 percent so far this month. Australian shares
were 0.1 percent higher while Japan's Nikkei lost more
than s0.3 percent in early trade.
Trends on SGX Nifty indicate a positive opening for the
broader index in India, a rise of 26 points or 0.24 percent.
Nifty futures were trading around 10,867-level on the
Singaporean Exchange.
PREVIOUS DAY ROUNDOFF
IIndian benchmark indices witnessed a sharp selloff in the
closing hour of trade as across-the-board selling pressure
weighed in.Sensex, Nifty & Bank Nifty index saw deep cuts,
ending the day ~1% lower. ITC was among the top
heavyweight losers, shedding 4.3% in trade after posting its
Q3FY19 earnings.The market breadth ended in favor of
declines with the advance/decline ratio closing at 2:3x.
Nifty & Bank Nifty futures saw an addition in open
interest, consisting mainly of short positions.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[-23.20pts],
Consumption[-13.95pts],PSE[ -3.45pts],CPSE[ -
9.75pts],Energy[-14.0ts],FMCG[-14.6pts],Auto[-
71.7pts],Pharma[-70.90Pts],IT[-3.8pts],Metal[-
65.15pts],Realty[+1.75pts], Fin Serv sector[-35.25pts].
World Indices
Index Value % Change
DJI 24538 -0.05
S&P500 2638 +0.22
NASDAQ 7025 +0.08
FTSE100 6842 -0.85
NIKKEI 20542 -0.25
HANG SENG 27066 +0.22
Top Gainers
Company CMP Change % Chg
Sun Pharma 431 12.05 2.88
Yes Bank 197.25 5.05 2.63
Zee Entertain 432.85 7.6 1.79
Tata Steel 464.6 8.05 1.76
Wipro 351.55 5.05 1.46
Top Losers
Company CMP Change % Chg
ITC 277.3 -12.45 -4.3
Grasim 782.15 -22.2 -2.76
Indiabulls Hsg 778.7 -18.65 -2.34
Titan Company 962.15 -20.5 -2.09
Infosys 731.65 -13.7 -1.84
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
DALBHARAT 903 43 5
DVL 112.9 6.9 6.76
GOLDBEES 2,900.00 -2.2 -0.08
LIQUIDETF 1,000.01 -0.01 0
KILITCH 242.8 -1.7 -0.72
Indian Indices
Company CMP Change % Chg
NIFTY 10831 -91.3 -0.84
SENSEX 36108 -336 -0.92
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
21STCENMGM 21.7 0 0
ABCAPITAL 86.6 -3.1 -3.41
ADVENZYMES 161 -2.3 -1.4
ALLSEC 180 -1.85 -1.01
ANGIND 1 -0.05 -4.76

2. _____________________________________________________________________________________________________________________
Special Report
24–JAN-2019
STOCK RECOMMENDATION [CASH]
REPCOHOME
Stock has given the breakout of the neckline of the double
bottom pattern but can not sustain at upper level .we
have seen the weakness on chart We recommend sell
below 405 for the target of 400/390 with the stop loss of
415
MACRO NEWS
 Piyush Goyal has been named the interim Finance
Minister and interim Minister of Corporate Affairs
during Arun Jaitley's indisposition. Goyal will retain his
existing portfolios of coal and railways.Jaitley will be
designated as a minister without a portfolio during his
period of indisposition. Goyal was earlier given
additional charge of the Finance Ministry in May 2018
for a period of three months when Jaitley underwent a
kidney transplant at the All India Institute of Medical
Sciences (AIIMS).
 India's economy is expected to grow at 7.4 percent
during 2018-19 and improve to 7.6 percent in the next
fiscal, said a UN report on Wednesday. The United
Nations' World Economic Situation and Prospects
(WESP) 2019 report also expects India's gross domestic
product (GDP) to expand by 7.4 percent in 2020-
21."Growth continues to be underpinned by robust
private consumption, a more expansionary fiscal
stance and benefits from previous reforms," said the
report.
RECOMMENDATIONS [FUTURE]
1. BIOCON [FUTURE ]
In Biocon we have seen that stock closing near its pivot
resistense level . Strong buying seen in last 3 days .Traders
view that company shows strong fundamnetal ,so bullish on
this stock . All though pharma sector is not performing as
good .Our recommendation is to buy stock above 670
Target 675/685 Sl 660
2. SIEMENS [FUTURE]
Stock siemens near to its resistense level 1075. If resistense
level breakout we get then we expect move of 100-150
points in up side . In last week we have seen that stock is
traded in a particular range . Derivative data also suggest
that traders are bullish on this stock .Our recommendation is
to buy the stock in the range of 1055 Target 1065/1070 Sl
1030.

3. _____________________________________________________________________________________________________________________
Special Report
24–JAN-2019
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 27,600 12.2 9,50,291 8,59,860
BANKNIFTY CE 27,500 24.3 8,74,123 11,58,800
BANKNIFTY CE 27,700 6.95 7,95,077 7,22,540
ITC CE 300 0.55 16,342 1,06,80,000
RELIANCE CE 1,240 14.5 13,906 17,36,000
RELIANCE CE 1,260 8.1 12,781 15,87,500
ITC CE 290 1.15 10,875 75,79,200
RELIANCE CE 1,280 4.45 10,073 15,71,000
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 27,300 109.6 7,60,940 3,75,420
BANKNIFTY PE 27,400 163.35 7,48,446 2,33,520
BANKNIFTY PE 27,200 65.4 6,58,595 4,31,260
RELIANCE PE 1,200 9 11,933 20,24,500
RELIANCE PE 1,220 15.7 10,508 9,97,000
ITC PE 280 6 7,621 27,69,600
RELIANCE PE 1,240 25.2 5,371 7,13,000
RELIANCE PE 1,180 5.15 5,159 12,35,000
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 29800 2080.83 32476 2395.48 476332 37495.08 -314.6445
INDEX OPTIONS 1744992 104315.68 1756310 105111.97 962737 71687.34 -796.2883
STOCK FUTURES 192732 11775.19 195119 11942.14 1414763 85633.91 -166.9497
STOCK OPTIONS 139321 8639.47 144040 8902.94 195073 11368.88 -263.4694
-1541.3519
SELL
STOCKS IN NEWS
IDBI Bank: Bank approved in-principle, proposal to
reinitiate divestment process of IDBI stake in IDBI Federal
Life Insurance.
Automotive Stampings Q3: Loss at Rs 5.7 crore versus
loss Rs 11.8 crore; revenue rises to Rs 103.7 crore versus
Rs 94.3 crore YoY.
NIFTY FUTURE Nifty followed global market and started
with gap up but today Pharam and Media share made
pressure in market due to that whole day Nifty traded in
sideways and in last one hour it loosed almost fifty per
cent gains in intraday. On daily chart it created bearish
candle since Nifty forming Open Broadening pattern so
we it will be buy in decline around 10850 with stop loss o
10770 for the target of 10920/10970.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10995 10913 10862 10780 10729
BANKNIFTY 27710 27480 27335 27105 26959

4. _____________________________________________________________________________________________________________________
Special Report
24–JAN-2019
COMMODITY ROUNDUP
Oil prices fell more than 1 percent on Tuesday on signs that
an economic slowdown in China was spreading, stoking
concerns about global growth and fuel demand.The gloomy
news from the world's second-largest economy and top
importer of oil pulled down financial markets across Asia.
Brent oil futures LCOc1 were at $61.94 per barrel at 0950
GMT, down 80 cents or 1.28 percent.U.S. West Texas
Intermediate (WTI) crude futures CLc1 were at $53.16 per
barrel, down 1.19 percent or 64 cents.China reported the
lowest annual economic growth in nearly 30 years on
Monday. Its state planner warned on Tuesday that falling
factory orders pointed to a further drop in activity in coming
months and more job losses. China's oil imports have so far
defied the economic slowdown, hitting a record above 10
million barrels per day (bpd) in late 2018, many analysts
believe the country has reached peak energy growth, with
its thirst set to wane. manufacturing activity in China is
likely weighing on demand," said Singapore-based tanker
brokerage Eastport, adding that industrial slowdowns
tended to be leading indicators that fed gradually into lower
demand for shipped oil products.
Gold firmed up by Rs 125 to Rs 33,325 per 10 grams on
Tuesday, largely on the back of sustained wedding season
buying by jewellers even as it weakened to near three-week
lows overseas.Silver, however, turned weak due to reduced
offtake by coin makers and consuming industries and lost Rs
250 to Rs 39,850 per kg Persistent buying by local jewellers,
triggered by the ongoing wedding season, kept gold prices
higher, bullion traders said.Globally, gold fell 0.13 per cent
to USD 1,278.90 an ounce in New York as a firmer dollar
made bullion more expensive for buyers using other
currencies. Silver also eased by 0.46 per cent to USD 15.26
an ounce.In the national capital, gold of 99.9 per cent and
99.5 per cent purity advanced by Rs 125 each to Rs 33,325
and Rs 32,175 per 10 grams, respectively.The yellow metal
had gained Rs 40 on Monday. Sovereign, however,
remained unaltered at Rs 25,500 per piece of eight grams
on scattered enquiries.
Malaysian palm oil futures extended gains to a more than
four-month high on Tuesday evening, supported by bullish
price forecasts at an industry conference over the weekend
and strength in U.S. soyoil.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 32200 TGT 32250/32300 SL BELOW
32100
SELL GOLD BELOW 32000 TGT 31950/31900 SL ABOVE
32100
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 39200 TGT 39250/39300 SL BELOW
39050
SELL SILVER BELOW 39000 TGT 39100 39150 SL ABOVE
39200

5. _____________________________________________________________________________________________________________________
Special Report
24–JAN-2019
NCDEX INDICES
Index Value % Change
Barley 1941 -1.27
Castor Seed 5348 1.44
Chana 4198 -1.85
Coriander 6167 -2.74
Cotton Seed Oilcake 1930 -1.43
Guar Seed 10 MT 4348 0.24
Jeera 17490 -0.51
Mustardseed 3959 0.61
Soy Bean 3466 0.7
Turmeric 6626 0.18
RECOMMENDATIONS
GUARGUM5
TRADING STRATEGY:
BUY GUARGUM FEB ABOVE 8750 TARGET 8765/8785/8810
SL 8690
SELL GUARGUM FEB BELOW 8700 TARGET
8685/8660/8640 SL 8760
DHANIYA
TRADING STRATEGY:
BUY DHANIYA APR ABOVE 6700 TARGET 6715/6740/6760
SL 6640
SELL DHANIYA APR BELOW 6620 TARGET 6605/6580/6560
SL 6680
Despite various government measures to bail out Sugar
mills from their financial woes, cane payment arrears
reached Rs 19,000 crore for the season up to December 31.
Sugar millers have urged government for an increase in the
minimum sale price of Sugar by Rs 5 a kg, to Rs 34 a kg.Of
the total, around Rs 5,000 crore was carried over from last
year. The rest was for cane supplies for barely six weeks of
the current season.Prices in the country are inching up but
are still only Rs 2,950 a quintal (Rs 29.5 a kg) in the
wholesale market.Indian Sugar Mills Association (Isma) has
estimated Sugar production at 31.5 million tonnes in its
Second Advance Estimate, a sharp downward revision from
its earlier one of 35.5 mt. Another revision is due by end-
January, likely to be lower still. Carryover stock from the
earlier year is a little over 10 mt, the country’s annual
consumption is 25 mt.
The farm credit target is likely to be raised by about 10% to
a record Rs 12 lakh crore in the 2019-20 Budget to be
presented on February 1, according to sources.For the
current fiscal, the government has set a credit target of Rs
11 lakh crore.The agricultural credit flow has increased
consistently over the years, exceeding the target set for
each fiscal. For instance, credit worth Rs 11.68 lakh crore
was given to farmers in 2017-18, much higher than the Rs
10 lakh crore target set for that year, they added. Similarly,
crop loans worth Rs 10.66 lakh crore were disbursed in the
2016-17 fiscal, higher than the credit target of Rs 9 lakh
crore.Normally, farm loans attract an interest rate of 9%.
However, the government has been providing interest
subvention to make available short-term farm credit at an
affordable rate and help boost farm output.

6. _____________________________________________________________________________________________________________________
Special Report
24–JAN-2019
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 71.3850 Yen 65.1475
Euro 81.1650 GBP 92.9450
USD/INR
TRADING STRATEGY:
USD/INR
BUY USDINR FUTURE ABOVE 71.50 TARGET 71.60 71.7 SL
71.30
SELL USDINR FUTURE BELOW 71.30 TARGET 71.2 71.10 SL
71.5
GBP/INR
TRADING STRATEGY:
BUY GBPINR FUTURE ABOVE 92.8 TARGET 92.9 93 SL 92.6
SELL GBPINR FUTURE BELOW 92.75 TARGET 92.65 92.55 SL
92.95
The dollar fell versus other major currencies for a fourth
straight session on Tuesday, as investors grew increasingly
convinced the Federal Reserve will not raise interest rates
this year amid uncertainties over the US economy.The
rupee weakened further by 19 paise on Wednesday to
close at 71.24 against the US dollar amid a strengthening
greenback and fresh capital outflows.Higher bond yields,
which spiked on concerns that the government may over-
shoot the fiscal deficit target in an election year, too
weighed on the domestic unit, forex traders said.The rupee
has now lost a hefty 83 paise in four straight
sessions.Meanwhile, the pound rallied after British Prime
Minister Theresa May's divorce deal to leave the EU was
overwhelmingly rejected by MPs, leading to speculation
that UK lawmakers may be forced to have a re-look at the
entire Brexit process.The rupee opened on a weak note at
71.10 at the interbank forex market and lost further
ground to reach an intra-day low of 71.27.However, it
pared some losses to finally finish at 71.24 per US dollar,
down 19 paise over its previous close of 71.05."Indian
rupee depreciated for the fourth day in row amid higher
bond yield and expectation of expansionary fiscal policy in
coming budget. The rupee was Asia's worst performing
major currency in 2018 when it lost 9 per cent versus the
dollar, and it's still in the cellar for 2019 so far," said V K
Sharma, Head PCG and Capital Markets Strategy, HDFC
Securities.
The US dollar gained against key currencies overseas, while
rise in demand for the greenback from exporters also
pressured the domestic unit, traders said.The dollar index,
which gauges the greenback's strength against a basket of
six currencies, rose 0.03 per cent to 96.06 in late afternoon
trade.Easing crude oil prices supported the domestic
currency to some extent.Brent crude, the global
benchmark, was trading at USD 60.48 per barrel, lower by
0.26 per cent.
Meanwhile, after swinging nearly 200 points, the 30-share
BSE Sensex index settled just 2.96 points, or 0.01 per cent,
higher at 36,321.29. The broader NSE Nifty inched up 3.50
points, or 0.03 per cent, to 10,890.30.

7. _____________________________________________________________________________________________________________________
Special Report
24–JAN-2019
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
23/1/19 NCDEX DHANIYA APR BUY 6680
6695/6720/67
40
6620 NOT EXECUTED
23/1/19 NCDEX DHANIYA APR Sell 6620
6605/6580/65
60
66680 TARGET
23/1/19
NCDEX
GUARGUM5
FEB BUY 8750
8765/8785/88
10
8690 TARGET
23/1/19
NCDEX
GUARGUM5
FEB SELL 8700
8685/8660/86
40
88760 TARGET
23/1/19 MCX GOLD FEB BUY 32100 32150/32190 32000 TARGET
23/1/19 MCX GOLD FEB SELL 31900 31850/31800 32020 NOT EXECUTED
23/1/19 MCX SILVER MAR BUY 39500 39550 39600 39350 NOT EXECUTED
23/1/19 MCX SILVER MAR SELL 39200 39100 39050 39350 TARGET HIT
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
23/1/19 NIFTY FUTURE BUY 10850 10920/10970 10750 OPEN
23/1/19 BIOCON FUTURE BUY 670 675/680 660 TARGET
23/1/19 SIEMENS FUTURE BUY 1055 1065/1070 1030 NOT EXECUTED
23/1/19 REPOHOME CASH BUY 430 435 420 SL HIT

8. _____________________________________________________________________________________________________________________
Special Report
24–JAN-2019
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Disclaimer
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 PREVIOUS
THE GOVERNMENT SHUTDOWN COULD DELAY THE RELEASE OF SOME DATA THIS WEEK
MONDAY, JAN. 21
None scheduled
Martin Luther King Jr. Day
TUESDAY, JAN. 22
10 am Existing home sales Dec. 5.32 mln
WEDNESDAY, JAN. 23
None scheduled
THURSDAY, JAN. 24
8:30 am Weekly jobless claims 1/19
9:45 am Markit manufacturing PMI Jan. 53.8
9:45 am Markit services PMI Jan. 54.4
10 am Leading economic indicators Dec. 0.2%
FRIDAY, JAN. 25
8:30 am Durable goods orders* Dec. 0.8%
8:30 am Core capital equipment orders* Dec. -0.6%
10 am New home sales* Dec.
544,000
(Oct)