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1. _____________________________________________________________________________________________________________________
Special Report
27-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
Indian equity markets bounced back despite opening the
session gap down. Nifty 50 managed to close above its 200-
DEMA by recovering ~200 points from the low point of the
day led by a surge in frontline stocks.Bank Nifty, too,
witnessed a sharp pullback managing to close 272 points
higher at 26,986 led by HDFC Bank, which closed 2% higher.
Brent crude dipped below the $50 mark for the first time
since July 2017 driving the rally in aviation and tyre
stocks.Tracking the Expiry-1 day rollovers, Nifty's E-1
rollovers stood at 52.62% vs. 48.5% during the previous
series with an increase in rollover cost to the tune of
0.04%, indicating a rollover of long positions.On the
options front, put writing was witnessed in OTM strikes
with 10500PE and 10600PE witnessing an addition of ~7.25
lakh shares and ~7.15 lakh shares, respectively.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[+0.49pts],
Consum ption[+0.48 pts],PSE [+0.10pt s], C PSE[ -
0.31pts],Energy[+0.53pts],FMCG[+0.15pts],Auto
[+0.22pts],Pharma[-0.48pts],IT[-0.62pts],Metal
[+0.28pts],Realty[+0.24pts], Fin Serv sector[+1.25pts].
World Indices
Index Value % Change
DJI 23696 +0.37
S&P500 2506 -1.54
NASDAQ 6192 -2.21
FTSE100 6686 -0.52
NIKKEI 19204 -4.77
HANG SENG 25651 -0.4
Top Gainers
Company CMP Change % Chg
Adani Ports 376.55 15.45 4.28
Zee Entertain 455.05 18.3 4.19
Bharti Airtel 320.45 11.35 3.67
Bajaj Finserv 6,439.05 164.6 2.62
UltraTechCement 3,996.10 78.95 2.02
Top Losers
Company CMP Change % Chg
Sun Pharma 413.65 -10.7 -2.52
Yes Bank 179.45 -2.85 -1.56
TCS 1,889.20 -29.3 -1.53
Tata Motors 170.9 -1.6 -0.93
ONGC 146.6 -1.3 -0.88
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 10729 66.35 +0.62
SENSEX 35649 179.79 +0.51
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
27-Dec-2018
STOCK RECOMMENDATION [CASH]
JUBILANT FOOD
On Daily chart we have seen that stock near its support
level, expectation it will broke its support 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 1250 target 1260/1270 Sl 1230
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 support
level, expectation it will broke its support 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 1250 target 1260/1270 Sl 1230
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 910 target 915/920 Sl
900

3. _____________________________________________________________________________________________________________________
Special Report
27-Dec-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 27,000 145 11,11,991 7,86,620
BANKNIFTY CE 26,800 290.15 8,24,114 2,38,520
BANKNIFTY CE 26,700 370.05 7,91,990 2,44,540
RELIANCE CE 1,100 7.8 21,381 11,49,500
RELIANCE CE 1,080 21.2 18,415 4,88,000
RELIANCE CE 1,120 2.1 9,700 15,33,500
MARUTI CE 7,500 81 8,737 68,925
SBIN CE 300 0.7 8,734 77,49,000
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 26,500 11 10,98,349 9,48,440
BANKNIFTY PE 26,400 8.65 8,11,185 4,92,040
BANKNIFTY PE 26,600 13.85 6,54,202 5,53,460
RELIANCE PE 1,060 0.6 14,585 6,92,500
RELIANCE PE 1,080 1.35 14,099 8,65,000
MARUTI PE 7,400 7.7 10,207 70,575
MARUTI PE 7,500 20 6,696 81,375
MARUTI PE 7,300 4.3 6,543 96,450
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 186636 13921.68 195007 14676.42 443106 34263.28 -754.743
INDEX OPTIONS 2504350 151864.57 2507286 151949.34 904516 67556.53 -84.7702
STOCK FUTURES 561906 32306.16 563425 32578.21 1517487 90480.81 -272.0549
STOCK OPTIONS 121983 7071.84 122239 7080.18 161995 8995.63 -8.3369
-1119.905
SELL
STOCKS IN NEWS
Pfizer: Parent company Pfizer Inc USA and
GlaxoSmithKline plc entered into an agreement to create
a premier global consumer healthcare company.
TCS: Company launched next-generation private cloud in
Canada.
NIFTY FUTURE In last trading session we have seen the
selling pressure in the market. It form red bearish candle
on daily chart . We expect that upcoming week from
trading prospective is very volatile . Our view on market
is bearish ,our recommendation is to sell the nifty future
in the range of 10600 Target 10575/10550/10500 .Sell
on rise strategy follow for trading & positional purpose.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10883 10806 10670 10593 10457
BANKNIFTY 27429 27207 26808 26586 26187

4. _____________________________________________________________________________________________________________________
Special Report
27-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 30050/30900 SL ABOVE
31100
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
27-Dec-2018
NCDEX INDICES
Index Value % Change
Barley 1918.5 -0.13
Castor Seed 5142 -3.73
Chana 4529 -3.97
Coriander 6340 -3.99
Cotton Seed Oilcake 1867 -2.09
Guar Seed 10 MT 4308 -2.81
Jeera 17740 -3.04
Mustardseed 3983 -1.88
Soy Bean 3343 -0.24
Turmeric 6604 -0.67
RECOMMENDATIONS
GUARGUM5
TRADING STRATEGY:
BUY GUARGUM JAN ABOVE 8390 TARGET 8405/8420/8450
SL 8330
SELL GUARGUM ABOVE JAN 8320 TARGET
8305/8280/8260 SL 8380
DHANIYA
TRADING STRATEGY:
BUY DHANIYA JAN ABOVE 6210 TARGET 6225/6240/6270
SL 6160
SELL DHANIYA JAN ABOVE 6170 TARGET 6155/6140/6110
SL 6230
Despite a reduction in Australian production, world wheat
supplies for 2018-19 have increased by 800,000 tonnes,
according to the latest US Department of Agriculture world
supply report.A bumper Canadian crop and additional
Russian carry-over stocks have levelled out the gap in grain
production as Australian production suffers the effects of
drought.Australia’s wheat exports were lowered by one
million tonnes to 10.5 million tonnes, as export prices were
expected to remain uncompetitive and domestic grain
supplies likely to be consumed as feed, the report said.In
comparison, Australian wheat exports in 2017-18 reached
14 million tonnes.The report also scaled back total
Australian grain production by 500,000 tonnes to 17 million
tonnes for 2018-19.Global ending stocks are raised 1.4
million tons to 268.1 million, primarily on increases for the
EU and the United States but are 4 percent lower than last
year’s record 279.9 million.
Centre has threatened action against exporters because the
country may miss the export target of 5 million tonnes by a
wide margin.Traders have managed to ship only 179,000
tonnes for the October-December quarter while 80,000
tonnes are at various ports awaiting the loading operation.
This would mean the maximum possible exports for the
quarter would be 260,000 tonnes, against the total 600,000
tonnes the exporters have contracted for, the report said.
The domestic inventory has 10 million tonnes of carryover
stocks while an additional 31.5 million tonnes of current
year's output is expected. A domestic consumption of 25.5
million tonnes is inadequate to reduce the stocks.India is
already facing international heat over what other Sugar
exporting nations call market-distorting subsidies causing
a global price slump.

6. _____________________________________________________________________________________________________________________
Special Report
27-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 70.30 TGT 70.42 72.5 SL 70
SELL USDINR NOV BELOW 70.10 TGT 70 69.8 SL 70.4
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, on Wednesday, opened over 34 paise
higher against the US dollar at 70.10 per US dollar. Falling
crude oil prices is aiding the rally on Indian currency.The
currency further gained strength as it passed 70 per US
dollar mark. It touched an intraday low of 69.89 per US
dollar.The currency on December 18 rallied by a whopping
112 paise, its best single-day gains in over five years, to
settle at 70.44 against the US dollar as softening crude oil
prices eased concerns over India's current account deficit
expansionBesides, sustained selling of the American
currency by exporters and banks as well as the greenback's
weakness against its key rivals globally ahead of the US Fed
policy decision on December 19 also helped the domestic
unit scale further heights.
The dollar fell on Wednesday as investors bet that the
Federal Reserve would signal plans to slow its pace of
interest rate raises at a keenly-watched meeting later in
the day.Fed policy makers are widely tipped to raise rates
for a fourth time this year but also to express caution
about future monetary tightening due to concern about
slowing global growth.Expectations of a pause from the
Fed amid a U.S.-China trade conflict and global financial
market volatility has led some investors to question if the
dollar's stellar run will continue into 2019.
U.S. President Donald Trump has repeatedly berated the
Fed and on Tuesday said in a Tweet it was "incredible" for
the central bank to even consider tightening given global
economic uncertainties."A hike is still likely, regardless of
Trump's displeasure, but there's a very good chance that
they will reduce the number of hikes in 2019 to two (from
three)," said Kit Juckes, global head of FX strategy
at Societe Generale (PA:SOGN).The safe-haven yen and the
Swiss franc both strengthened as an overnight plunge in oil
prices provided a stark reminder of the dimming prospects
for the global economy.The euro was also supported by
news that Italy had struck a deal with the European
Commission over its contested 2019 budget, signalling an
end to weeks of wrangling that had shaken financial
markets.

7. _____________________________________________________________________________________________________________________
Special Report
27-Dec-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
26/12/18 NCDEX DHANIYA JAN BUY 6350
6375/6390/64
10
6290 TARGET
26/12/18 NCDEX DHANIYA JAN Sell 6300
6285/6265/62
40
6360 TARGET
26/12/18
NCDEX
GUARGUM5
JAN BUY 8600
8615/8635/86
60
8650 TARGET HIT
26/12/18
NCDEX
GUARGUM5
JAN SELL 8500
8475/8480/84
40
8560 TARGET HIT
26/12/18 MCX GOLD JAN BUY 31200 31250/31300 31100 NOT EXECUTED
26/12/18 MCX GOLD JAN SELL 31000 30950/30900 31200 TARGET HIT
26/12/18 MCX SILVER MAR BUY 37800 37850/37925 33600 NOT EXECUTED
26/12/18 MCX SILVER MAR SELL 37300 37200/37150 37400 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
26/12/18 NIFTY FUTURE SELL 10940
10900/10850/
10820
11000 TARGET HIT
26/12/18 JUBILANT FOOD FUTURE BUY 1300 1305/1315 1285 TARGET HIT
26/12/18 BEML FUTURE BUY 925 935/940 850 TARGET HIT
26/12/18 JUBILANT FOOD CASH BUY 1360 1370/1380 1340 TARGET HIT

8. _____________________________________________________________________________________________________________________
Special Report
27-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%