The S&P 500 and the Dow eased on Friday after a steep drop in oil prices pressured energy stocks, but losses were limited by gains in chipmakers and retail stocks.

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Special Report
28-May-2018
Global markets at a glance
The S&P 500 and the Dow eased on Friday after a steep
drop in oil prices pressured energy stocks, but losses were
limited by gains in chipmakers and retail stocks.
US crude tumbled 4 percent to settle at USD 67.88 a barrel
after Saudi Arabia and Russia said they were ready to ease
supply curbs that have pushed prices to their highest since
2014.
The S&P energy index slid 2.6 percent and registered its
biggest daily percentage drop since early February, while
Chevron dropped 3.5 percent and Exxon Mobil fell 1.9
percent and were among the biggest drags on the Dow and
S&P 500.Asian shares were slightly weaker on Friday amid
fragile market sentiment after US President Donald Trump
called off a key summit with North Korea, though investor
concerns were softened by expectations the two countries
may still continue dialogue.
MSCI's broadest index of Asia-Pacific shares outside Japan
ticked down. South Korea's Kospi fell 0.65 percent. Japan's
Nikkei fell 0.3 percent.
On Wall Street, the S&P 500 ended 0.2 percent lower on
Thursday, though it clawed back a large part of its earlier
loss of 0.95 percent.The 10-year US Treasuries yield stood
at 2.988 percent, falling further from a seven-year high of
3.128 percent hit a week ago.The German 10-year Bund
yield hit a 4-1/2-month low of 0.461 percent, having fallen
more than 11 basis points so far this week
Previous day Roundup
Bulls charged on D-Street from the word go as they helped
Nifty to climb 10,550 as well as 10,600 levels on closing
basis. The index which made a bullish candle on the daily
charts formed a Hammer-like pattern (not exact) on the
weekly charts.
The Nifty is now trading above its crucial short-term
moving averages and today’s intraday low of 10,524 will be
of big importance in the coming week, suggest experts. A
break below this level could again put further pressure on
the index amid expiry week volatility.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[68.20],
Consumption[61.00pts],PSE[64.40pts],CPSE[51.90
pts],Energy[201.85pts],FMCG[95.55pts],Auto
[201.40pts],Pharma[90.25pts],IT[-31.35pts],Metal
[75.75pts],Realty[3.70 pts], Fin Serv sector[104.05 pts].
World Indices
Index Value % Change
DJI 24,753.09 -0.24
S&P500 2,721.00 -0.24
NASDAQ 6,965.75 0.12
FTSE100 7,778.79 -0.12
NIKKEI 22,691.89 -1.18
HANG SENG 30,918.59 -1.00
Top Gainers
Company CMP Change % Chg
Idea Cellular 59.75 2.85 5.01
Hindalco 245.50 11.40 4.87
ONGC 175.45 7.75 4.62
HPCL 295.20 11.95 4.22
Bajaj Finserv 6,071.70 245.30 4.21
Top Losers
Company CMP Change % Chg
Coal India 275.60 -4.50 -1.61
Tech Mahindra 702.75 -8.60 -1.21
Bharti Infratel 314.85 -3.50 -1.10
ITC 272.30 -2.55 -0.93
ICICI Bank 295.65 -2.05 -0.69
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
BAJAJFINSV 5826.4 258.55 4.44
BERGEPAINT 293.25 3.05 1.04
BOROSIL 823.15 1.85 0.22
BRITANNIA 5718.2 103.8 1.82
DCMFINSERV 3.05 0 0
GMMPFAUDLR 809 66 8.16
INFY 1221 8.55 0.7
ARVSMART
Indian Indices
Company CMP Change % Chg
NIFTY 10605.20 91.30 0.87
SENSEX 34924.87 261.76 0.76
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ABAN 154.3 -0.9 -0.58
ACCELYA 1194.2 -9.2 -0.77
ALCHEM 6.55 -0.3 -4.58

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Special Report
28-May-2018
STOCK RECOMMENDATION [CASH]
NIITECH [CASH]
The particular script has rebounded from its support level
of 115 and closed with a good volume,so we can remark a
good bullish sign so we advice you to BUY NIITECH ABOVE
119.50 TGT 121.50-124 SL BELOW 117.50
MACRO NEW
 Trends on SGX Nifty indicate a positive opening for the
broader index in India, a rise of 8 points or 0.08
percent. Nifty futures were trading around 10,647-
level on the Singaporean Exchange.
 US President Donald Trump said his summit with
North Korea's leader Kim Jong-un could still happen on
June 12 after officials on both sides started talking, a
day after he cancelled it, citing Pyongyang's "open
hostility".Trump said the lines of communication had
opened between the two countries after Trump
administration officials said that the North Koreans
had become unresponsive, leading to the planned
summit's cancellation. "We'll see what happens. We
are talking to them now," Trump said at the White
House before boarding Marine One for a
commencement address in Annapolis.
 American and North Korean officials met at the border
between North and South Korea on Sunday in
preparation for a possible North Korea-U.S. summit, as
North Korea’s Kim Jong Un was cited as reaffirming his
commitment to meet with US President Donald
Trump.“A U.S. delegation is in ongoing talks with
North Korean officials at Panmunjom,” spokeswoman
Heather Nauert said, referring to a village in the
Demilitarized Zone (DMZ) that runs along the heavily
armed border between North and South Korea.
 The euro crawled off a 6-1/2-month low against the
dollar on Monday, catching its breath after last week’s
steep decline, although broader concerns about
political turmoil in Italy limited the currency’s
recovery.
RECOMMENDATIONS [FUTURE]
1.GLENMARK [FUTURE ]
In the earlier trading session pharma sector showed some
strength and today it can also contunue its movement, this
particular counter is making double bottom at its support
level of 501, and closed above its neck line 532, here we
advice you to buy GLENMARK FUTUIRE ABOVE 543 TGT 549-
555 SL BELOW 538.
2.MOTHERSUMI [FUTURE]
With a good strength in Auto sector this particular counter is
has rebounded from its support level of 301 and closed with
forming a bullish harami candle, so buy on strength would
be a good opportunity so we advice you to BUY
MOTHERSUMI FUTURE AROUND 309-310 TGT 314-318 SL
BELOW 305.

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Special Report
28-May-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 10,600 52.5 4,02,240 31,04,625
NIFTY CE 10,700 17.35 3,38,856 33,95,625
BANKNIFTY CE 26,500 56.85 2,30,504 12,79,480
TATAMOTORS CE 300 2.75 7,838 31,36,500
TCS CE 3,700 8.6 7,373 4,19,250
ICICIBANK CE 300 2.7 6,900 88,63,250
INFY CE 1,260 3.6 6,544 6,52,200
TATASTEEL CE 580 3.65 6,482 13,26,250
MOST ACTIVE PUT OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 10,500 18 4,60,613 67,36,950
NIFTY PE 10,400 7.9 3,12,746 36,35,025
NIFTY PE 10,600 42.9 2,99,961 34,72,875
SBIN PE 250 0.75 6,904 70,77,000
VEDL PE 240 1.7 4,893 15,62,750
SBIN PE 260 1.7 4,892 63,78,000
TATAMOTORS PE 290 2.95 3,877 17,08,500
TATASTEEL PE 560 4.7 3,701 7,67,103
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 43055 3572.68 36227 3034.26 288340 24026.26 538.4217
INDEX OPTIONS 897292 79393.14 891531 78945.87 917606 75254.00 447.2654
STOCK FUTURES 205748 13292.94 198743 12886.26 1244346 84513.90 406.6799
STOCK OPTIONS 133720 9094.44 133867 9090.47 151936 10512.48 3.9724
1396.3394
STOCKS IN NEWS
 Camlin Fine Science board approved raising of funds
not exceeding Rs 250 crore
 Gujarat Alkali Q4 YoY: Profit jumps sharply to Rs
221.1 crore versus Rs 87.1 crore; revenue from
operations rose to Rs 697.3 crore from Rs 531.3
crore
NIFTY FUTURE
The Nifty is now trading above its crucial short-term
moving averages and today’s intraday low of 10,524 will
be of big importance in the coming week, suggest
experts. A break below this level could again put further
pressure on the index amid expiry week volatility.
According to Pivot charts, the key support level is placed
at 10,543.47, followed by 10,481.73. If the index starts
moving upward, key resistance levels to watch out are
10,647.47 and 10,689.73.so we advice to BUY NIFTY
FUTURE AROUND 10640-10650 TGT 10700-10750 SL
BELOW 10600.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10689.00 10647.00 10585.00 10543.00 10481.00
BANKNIFTY 26503.00 26388.00 26209.00 26094.00 25915.00

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Special Report
28-May-2018
COMMODITY ROUNDUP
MCX Gold futures slipped today as strength in the Indian
Rupee clubbed with profit selling ahead of the weekend
capped the upside in the prices. However, COMEX Gold hit a
one and half week high near $1306 per ounce. The MCX
futures gained in local markets recently following the recent
break above Rs 31000 per 10 grams and a recovery in global
prices. COMEX Gold edged up above $1300 per ounce
levels, extending a gain from five month low. MCX Gold
futures are currently trading at Rs 31290 per 10 grams,
down 0.58% on the day. The Indian Rupee gained for a
second session today, backing off its 18 month low.
Domestic equity market continued its upward march in mid-
afternoon trade, backed by strength in IT, banks and metal
shares. The local currency gained nearly 0.70% to break
under 68 mark.
Large metals speculators continued to trim their bullish net
positions in the Gold futures markets last week, according
to the Commitment of Traders (COT) data released by the
Commodity Futures Trading Commission (CFTC). The non-
commercial futures contracts of Gold futures, traded by
large speculators and hedge funds, totaled a net position of
92,443 contracts in the data reported through Tuesday May
15th. This was a weekly drop of -14,997 contracts from the
previous week. Speculative bullish positions have declined
for three out of the past four weeks.
Russian crushers produced 27.4 KMT of rapeseed oil in
March 2018 versus 32.4 KMT in the previous month and
26.7 KMT in March 2017. As a reminder, the monthly
volumes of rape oil production in MY 2017/18 steadily
exceed the respective ones of last season, except for
January. This was contributed to by a rapeseed crop
increase in 2017.Overall, rape oil production in July-March
2017/18 was up 20.8% on the year at 286.4 KMT versus
237.1 KMT a year ago.
COMEX Copper stayed slippery today as equities slipped
after US President Donald Trump called off a key summit
with North Korea. The red metal has already come off a one
month top and lingers just under $3.10 levels right now.
MCX Copper has come off highs above Rs 370 per kg and
should see sustained selling pressure on rallies now. Large
metals speculators added to their bullish net positions in
the Copper Futures markets last week, according to the
latest Commitment of Traders (COT) data released by the
Commodity Futures Trading Commission (CFTC). The non-
commercial futures contracts of Copper futures, traded by
large speculators and hedge funds, totaled a net position of
36,355 contracts in the data reported through Tuesday May
15th2,050 contracts.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD JUN FUT ABOVE 31510 TGT 31560-31600 SL BELOW
31450
SELL GOLD JUN FUT BELOW 31430 TGT 31400-30350 SL ABOVE
31470
SILVER
TRADING STRATEGY:
BUY SILVER JUL FUT ABOVE 40350 TGT 40400-40450 SL BELOW
40300
SELL SILVER JUL FUT BELOW 40180 TGT 40130-40080 SL ABOVE
40220

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Special Report
28-May-2018
NCDEX INDICES
Index Value % Change
Barley 1488 0.07
Castor Seed 4020 -0.32
Chana 3626 0.58
Coriander 4610 -1.15
Cotton Seed Oilcake 1258.5 2.93
Guar Seed 10 MT 3845 -0.4
Jeera 15970 0.25
Mustardseed 4016 -0.27
Soy Bean 3767 -0.8
Turmeric 7210 -1.14
RECOMMENDATIONS
GUARGUM5
BUY GUARGUM JUN FUT ABOVE 8270 tgt 8300-8340 SL
BELOW 8300
SELL GUARGUM5 JUN FUT BELOW 8140 tgt 8080 8030 SL
ABOVE 8180
DHANIYA
BUY DHANIYA JUN FUT ABOVE 4665 TGT 4685-4700 SL
BELOW 4645
SELL DHANIYA JUN BELOW 4580 TARGET 4560-4540 SL
ABOVE 4600
The International Grains Council has trimmed its forecast
for global grain production in 2017-2018 to 2,091 million
metric tons due to lower expected soybean production.
The new forecast is a decrease of 2 million tons from the
previous 2,093 million-ton forecast and a 2.3% drop from
the previous season's record 2,139 million tons, the IGC
said.
The IGC raised its 2018-2019 production forecast, upping
last month's estimate by 1 million tons to 2,089 million
tons. That figure would mark a second season of declining
production after 2016-2017's record high. The IGC data
revealed that an increase in corn and rice forecasts
outweighed reduced soybean and wheat
predictions.Driving the fall in the 2017-2018 global grain
forecast was a 3 million-ton drop in expected soybean
production, now seen at 336 million tons. Corn forecasts
shed 2 million tons to 1,044 million tons and the IGC's rice
estimate rose by 2 million tons to 488 million tons. The
report said estimated wheat production remained at 758
million tons.Wheat was last up 1.51% at $5.39 a bushel,
corn was last 0.55% higher at $4.11 a bushel and soybeans
were last 0.72% up at $10.47 a bushel.
The IGC trimmed its expectations for consumption for the
2018/19 season by three million tonnes to 2.136 billion
tonnes, although it remained on course for a rise from the
prior season.The IGC also nudged up its forecast for global
soybean production in 2018/19 by one million tonnes to
356 million tonnes but reduced its estimate for the prior
season by three million tonnes to 336 million.
Not much of demand is emerging in ready Coriander market
from domestic players.
Sugar prices are expected to steady in near term after the
recent spurt as traders are expecting more clarity on front
of the government policies.

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Special Report
28-May-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 68.3872 Yen 62.4000
Euro 80.1430 GBP 91.4405
USD/INR
BUY USD/INR AROUND 68.50 TGT 68.70-68.90 SL 68.30
SELL USD/INR BELOW 67.60 TGT 67.40-67.20 SL 67.80
GBP/INR
BUY GBP/INR ABOVE 91.70 TGT 91.90-92.10 SL 91.50
SELL GBP/INR BELOW 91.15 TGT 91.00-90.80 SL 91.30
The dollar continued its march higher over the past week
despite the fact that the Fed did not sound as hawkish in
its FOMC minutes as a part of the market expected it to. It
appeared to repeat what it has been saying over the last
couple of months and it failed to add on anything about
how the Fed plans to push through its rate hikes when the
economy and the data that is coming in from the US
continues to be choppy. It also failed to identify any
specific timelines for the future rate hikes and it is likely
that the future data would have a large bearing on which
direction the dollar is likely to take.
The rupee on Friday opened 12 paise higher at 68.23
against the US dollar. The domestic unit on Thursday
recovered from 18-month low to end 8 paise higher at
68.35.
Lately, high crude oil prices, along with a persistent
outflow of foreign funds from the country's equity and
debt markets and domestic political uncertainties, have
weakened the Indian rupee.
On the energy front, oil prices eased on Friday as Russia
hinted it may gradually increase output, after having
withheld supplies in concert with producer cartel Opec
since 2017.
The dollar slipped against a basket of currencies on
Thursday and hit a two-week low against the Japanese yen
after the US President Donald Trump scrapped a summit
meeting with North Korean leader Kim Jong Un and as
traders booked profits following the greenback's recent
rally.

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Special Report
28-May-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
25/05/18 NCDEX DHANIYA MAY BUY 4665 4685-4700 4645 NOT EXECUTED
25/05/18 NCDEX DHANIYA MAY SELL 4580 4560-4540 4600 NOT EXECUTED
25/05/18
NCDEX
GUARGUM5
MAY BUY 8270 8300-8340 8300 SL TRIGGERED
25/05/18
NCDEX
GUARGUM5
MAY SELL 8140 8080 8030 8180 NOT EXECUTED
25/05/18 MCX GOLD JUN BUY 31225 31275-31320 31080 NOT EXECUTED
25/05/18 MCX GOLD JUN SELL 31160 31100-31050 31200 NOT EXECUTED
25/05/18 MCX SILVER JUL BUY 40950 41000-41050 40900 NOT EXECUTED
25/05/18 MCX SILVER JUL SELL 40180 40000-39900 39910 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
25/05/18 NIFTY FUTURE BUY 10540-10550 10600-10650 10500 TARGET HIT
25/05/18 KPIT FUTURE BUY 273 278-288 270 TARGET HIT
25/05/18 GLENMARK FUTURE BUY 533 539-550 528 1ST TARGET HIT
25/05/18 NIITECH CASH BUY 1100 1114-1125 1090 TARGET HIT

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Special Report
28-May-2018
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Disclaimer
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
MONDAY,
MAY 28
MONDAY, MAY 28
MONDAY,
MAY 28
MONDAY, MAY 28
MONDAY, MAY
28
MONDAY,
MAY 28
TUESDAY,
MAY 29
TUESDAY, MAY 29
TUESDAY,
MAY 29
TUESDAY, MAY 29
TUESDAY, MAY
29
TUESDAY,
MAY 29
9 am
10 am Consumer confidence index May 127.5 128.7
WEDNESDA
Y, MAY 30
WEDNESDAY, MAY 30
WEDNESD
AY, MAY
30
WEDNESDAY, MAY
30
WEDNESDAY,
MAY 30
WEDNESDA
Y, MAY 30
8:15 am
8:30 am Gross domestic product revision 1Q 2.3% 2.3%
8;30 am Advance trade in goods April -$70.3bln -$68.0 bln
2 pm
THURSDAY,
MAY 31
THURSDAY, MAY 31
THURSDA
Y, MAY 31
THURSDAY, MAY 31
THURSDAY,
MAY 31
THURSDAY,
MAY 31
8.30 am Weekly jobless claims 5/26 223,000 234,000
8:30 am Personal income April 0.3% 0.3%
8:30 am Consumer spending April 0.4% 0.4%
8:30 am
9:45 am Chicago PMI May -- 57.6
10 am Pending home sales April -- 0.4%