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1. _____________________________________________________________________________________________________________________
Special Report
29 Jan-2018
Global markets at a glance
European stocks posted modest gains on the last trading
day of the week, ahead of a speech by President Donald
Trump in Davos, Switzerland.
The pan-European STOXX 600 traded up 0.3 percent on
Friday, with sectors moving into the black during morning
deals. European bourses were mostly higher, with France's
CAC 40 posting solid gains on the back of strong earnings.
In the previous session, European markets reversed gains
during trade, after the European Central Bank's latest
monetary policy meeting. On Thursday, the ECB left its its
benchmark interest rate unchanged. Markets came under
pressure as traders remain convinced that easy monetary
policy in the euro zone would come to an end.
Asian shares traded higher early on Monday following
significant gains stateside in the last session, which saw
major US indexes touch record highs.
Japan's Nikkei 225 rose 0.43 percent as most large caps
advanced. Toyota was higher by 0.04 percent, with most
other automakers recording slight gains. Manufacturing
company Fanuc rose 2.52 percent and Fast Retailing gained
0.63 percent. SoftBank traded flat in the early going.
South Korea's benchmark Kospi index climbed 1.05
percent, driven by solid gains in the technology sector.
Samsung Electronics jumped 1.22 percent ahead of the
announcement of its fourth-quarter results due later this
week. Rival chipmaker SK Hynix gained 1.46 percent.Over
in Sydney, the S&P/ASX 200 edged up 0.38 percent as
markets resumed trade following a long weekend due to
Australia Day last week. Gains were seen in most sectors
apart from gold producers and real estate investment
trusts.
Previous day Roundup
Bulls failed to keep the momentum going as Nifty snapped
its 6-day winning streak on Thursday and made a ‘Hanging
Man’ kind of pattern on the daily charts.
The Nifty opening level of 11,095 was also its intraday high
and bears quickly took control of D-Street and pushed the
index towards 11,000 levels which made a long lower
shadow on the daily charts.According to Pivot charts, the
key support level is placed at 11,020.73, followed by
10,971.77. If the index starts to move higher, key resistance
levels to watch out are 11,107.13 and 11,144.57.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Consumer Durables [-
221.11],CapitalGoods[ 77.28 pts],PSU[-167.79pts],FMCG[ -
58.76 pts],Realty[ -40.89 pts],Power[ -26.66 pts],Auto[ -
305.23 pts],Healthcare[-113.74 pts],IT[ 193.70 pts],Metal
[ 131.08pts],TECK[ -79.12 pts], Oil& Gas [ -57.71pts].
World Indices
Index Value % Change
DJI 26,616.70 0.85
S&P500 2,873.75 0.01
NASDAQ 7,505.77 1.26
FTSE100 7,665.54 0.65
NIKKEI 23,749.33 0.49
HANG SENG 30,070.00 -0.25
Top Gainers
Company CMP Change % Chg
ICICI Bank 360.80 8.05 2.28
GAIL 493.75 8.80 1.81
UltraTechCement 4,359.95 76.95 1.80
Vedanta 345.60 5.60 1.65
Coal India 299.40 4.85 1.65
Top Losers
Company CMP Change % Chg
UPL 768.95 -55.30 -6.71
SBI 313.15 -16.75 -5.08
Aurobindo Pharm 639.70 -18.75 -2.85
Adani Ports 436.50 -12.25 -2.73
Hero Motocorp 3,571.20 -74.30 -2.04
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
21STCENMGM 38.75 -0.45 -1.16
ABB 1667.65 -12.8 -0.77
ACE 172.45 13.6 7.89
ADANIENT 205.5 8.8 4.28
APLAPOLLO 2425.8 97.7 4.03
AXISNIFTY 1112.5 -4.6 -0.41
BANKBEES 2776.15 -0.15 -0.01
ARVSMART
Indian Indices
Company CMP Change % Chg
NIFTY 11069.70 -16.30 -0.1
SENSEX 36050.44 -111.20 -0.31
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
APOLLO 419.7 -20.95 -4.99
BRFL 81.7 4.05 4.96
CLEDUCATE 276.55 -1.05 -0.38

2. _____________________________________________________________________________________________________________________
Special Report
29 Jan-2018
STOCK RECOMMENDATION [CASH]
ACE [CASH]
This particular stock is showing good upside trend and
rebounded from its 26 period base line after that its
bullish trend is regular. Today it may show some
correction but then its uptrend is confirmed so we advice
to buy ACE around 187-188 tgt 191-194 sl below 185
MACRO NEW
 Trends on SGX Nifty indicate a positive opening for the
broader index in India, a rise of 62 points or 0.56
percent. Nifty futures were trading around 11,136-
level on the Singaporean Exchange.
 Finance minister Arun Jaitley will table the the
Economic Survey 2017-18 in Parliament at 1 pm today.
The Budget Session will begin today, and will end on
February 9. The commencement will also see the
tabling of Economic Survey.Economic Survey 2018 will
give a broad picture of the state of the economy and
the way forward. Economic Survey prepared by (CEA)
Arvind Subramanian is expected to indicate the
government’s priorities and thrust areas for the
forthcoming Budget 2018.
 The GST collections gathered momentum in
December, rising to Rs 86,703 crore. "Total revenue
Collections under GST for the month of December
2017 (received in December 2017/January up to
January 24, 2018) has been Rs 86,703 crores till
January 24 2018," the Finance Ministry said in a tweet.
 The combined market valuation of nine of top 10
valued companies surged Rs 97,931.85 crore last
week, with TCS and Reliance Industries Ltd (RIL)
leading the pack with maximum gains.HDFC Bank, ITC,
Hindustan Unilever Ltd (HUL) and ONGC were among
the companies that registered gains in their respective
market capitalisations (m-cap) during the week to
Thursday.
 Banking sector got its booster shot right before
the Union Budget with the announcement of Rs
88,000 crore capital infusion by the government
through recapitalisation bonds.
RECOMMENDATIONS [FUTURE]
1. KPIT [FUTURE ]
With a good strength in IT sector the various stocks like
wipro, tcs etc have performed well among them KPIT may
give a breakout since its consolidation in the intraday level
has ended now thw only hurdle is around 213-214 so we
recommend to buy KPIT future above 214 tgt 218-222 sl
below 211.
2.HINDPETRO [FUTURE]
With the three candles towards downside hindpetro has
confirmed its bearish trend ,although the market is moving
upward but still this particular stock is in bearish
continuation trend. On the upside it has reistance level of
400 the stock may show some corrections but the wholeout
trend is negative so we recommend to SELL HINDPETRO
below 382 tgt 376-370 sl above 387.

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Special Report
29 Jan-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 27,500 0.05 10,35,526 12,66,400
NIFTY CE 11,100 0.05 10,22,141 43,46,475
BANKNIFTY CE 27,400 12.6 8,28,174 2,25,480
SBIN CE 320 0.05 17,870 63,81,000
MARUTI CE 9,400 0.05 11,174 1,46,250
MARUTI CE 9,600 0.05 11,030 1,29,600
MARUTI CE 9,500 0.05 10,967 1,14,075
SBIN CE 325 0.05 9,282 30,48,000
MOST ACTIVE PUT OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 11,000 0.05 10,04,495 41,77,725
BANKNIFTY PE 27,200 0.05 6,17,401 7,63,400
BANKNIFTY PE 27,300 0.05 6,17,039 8,37,600
SBIN PE 315 1.8 5,921 11,31,000
SBIN PE 310 0.05 5,918 29,16,000
MARUTI PE 9,300 22 5,723 31,425
SBIN PE 320 7.05 5,213 9,63,000
MARUTI PE 9,400 111 5,042 43,575
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 70969 6470.43 57748 5212.55 356941 30687.75 1257.8887
INDEX OPTIONS 1157909 106027.09 1166444 107140.29 1049165 90437.46 -1113.1999
STOCK FUTURES 495315 38641.10 502771 39288.49 1047528 80474.33 -647.3906
STOCK OPTIONS 120349 9716.41 119375 9645.56 130723 10519.67 70.8569
-431.8449
SELL
STOCKS IN NEWS
 Reliance Industries Jio to raise up to USD 2.2bn to
fund Rcom deal
 Tata Power’s CEO Sardana may quit as group looks
to rejig businesses
NIFTY FUTURE
NIFTY ahead on the Union Budget sharp rally around
200 points and mede a new life time high. Also new
series and before budget outcome nity index show
strong bounceback and close with bullish candlestick in
weekly chart but last day of previous week domestick
market sharp retracement at higher level and may be
some profit booking ahead. And create broader range in
option traders, but long term trade is bullish so we can
follow buy on decline strateg, So we advise you to Buy
around 11000-11010 for the targets of 11050-11100
with strict stop loss of 10950.
INDICES R2 R1 PIVOT S1 S2
NIFTY 11144.00 11115.00 11080.00 11051.00 11016.00
BANKNIFTY 27625.00 27511.00 27365.00 27251.00 26936.00

4. _____________________________________________________________________________________________________________________
Special Report
29 Jan-2018
COMMODITY ROUNDUP
Gold held steady near a four-month high on Wednesday, as
the US dollar sank to a fresh three-year low, while worries
of potential trade wars led to some risk-aversion trade as
well.
Spot gold was nearly flat at $1,340.90 per ounce at 0439
GMT, while US gold futures for February delivery rose 0.28
per cent to $1,340.40 per ounce.
"Gold could move higher as we are still in the early stages of
a broader USD sell-off, with all eyes focused on 110 USD-
JPY," said Stephen Innes, APAC head of trading at OANDA.
The dollar touched a four-month low against the yen on
simmering concerns that the US currency's yield advantage
will start to erode as major central banks head toward
unwinding their massive stimulus.
It slipped to as low as 110.06 yen , the lowest since Sept. 15,
and was last down 0.1 per cent at 110.16 yen.
The dollar index fell to its lowest since Dec. 31, 2014, on a
fresh burst of speculative selling.
A weaker dollar makes bullion more attractive for holders
of other currencies.
On Tuesday, US President Donald Trump imposed import
tariffs on washing machines and solar panels, putting a
cloud over global trade at a time when its revival has fuelled
hopes for a stronger world economy.
Markets also expect an US interest rate hike in March. Gold
is highly sensitive to rising US interest rates, as these
increase the opportunity cost of holding non-yielding
bullion while boosting the greenback.
Meanwhile, recent strong gains in equities weighed on the
precious metal. Most Asian stock indexes are up anywhere
from 5 to 10 per cent since the start of the year with many
at all-time highs.
In other precious metals, silver was nearly flat at $17.04 per
ounce after touching a 3-1/2-week low of $16.73 in the
previous session.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD FEB ABOVE 30300 TGT 30350 30450 SL BELOW
30250
SELL GOLD FEB BELOW 30150 TGT 30100 30000 SL ABOVE
30200
SILVER
TRADING STRATEGY:
BUY SILVER MAR ABOVE 39700 TGT 39900 40200 SL BELOW
39500
SELL SILVER MAR BELOW 39500 TGT 39300 39000 SL
ABOVE 39700

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Special Report
29 Jan-2018
NCDEX INDICES
Index Value % Change
Castor Seed 4121 0.54
Chana 3721 0.38
Coriander 5935 1.07
Cotton Seed Oilcake 1672 -1.53
Guar Seed 10 MT 4635.5 2.86
Jeera 16440 -0.21
Mustardseed 4123 1.28
Soy Bean 3673 3.55
Turmeric 7354 0.38
Wheat 1671 -0.3
RECOMMENDATIONS
DHANIYA
BUY CORIANDER APR ABOVE 5960 TGT
6010 6110 SL BELOW 5910
SELL CORIANDER APR BELOW 5840 TGT 5790 5690 SL
ABOVE 5890
GUARGUM
BUY GUARGUM5 FEB ABOVE 9830 TGT
9880 9980 SL BELOW 9780
SELL GUARGUM5 FEB BELOW 9650 TGT 9600 9500 SL
ABOVE 9700
Mentha oil prices rebounded 1.03 per cent to Rs 1,645.10
per kg in futures market today as speculators built up fresh
positions amid pick-up in demand in domestic spot market.
Besides, tight stocks position on restricted arrivals from
major producing belts of Chandausi, too fuelled the
uptrend.
At the Multi Commodity Exchange, mentha oil for delivery
in February went up Rs 16.80, or 1.03 per cent, to Rs
1,645.10 per kg in a business turnover of 20 lots.
ikewise, the oil for delivery in January contracts was trading
Rs 13.30, or 0.83 per cent, higher at Rs 1,623 per kg in 67
lots.
Marketmen said fresh positions created by traders due to
uptick in demand from consuming industries in the physical
market against restricted supplies from Chandausi, led to
rise in prices.
Cardamom prices drifted 0.89 per cent lower to Rs 1,096
per kg in futures trade today as traders trimmed holdings
amid easing demand in the spot market.
At the Multi Commodity Exchange, cardamom for delivery
in February declined Rs 9.90, or 0.89 per cent, to Rs 1,096
per kg in a business turnover of 444 lots.
Analysts said offloading of positions by participants owing
to tepid demand in the physical market against adequate
stocks position weighed on prices.

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Special Report
29 Jan-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 63.7722 Yen 57.5700
Euro 78.2166 GBP 89.2046
EUR/INR
BUY EUR/INR AROUND 79.20 TGT 79.30-79.40 SL 79.10
SELL EUR/INR BELOW 78.00 TGT 77.90-77.80 SL 78.10
USD/INR
BUY USD/INR ABOVE 63.70 TGT 63.80-63.90 SL 63.60
SELL USD/INR BELOW 63.30 TGT 63.20-63.10 SL 63.40
The euro fell below the 87 pence mark against the sterling
for the first time in seven months as the British pound's
rally against the dollar this week spread to other
currencies. Against the euro, which itself is basking in the
afterglow of a booming economy, sterling strengthened to
86.96 pence, its highest since June 2017, taking its gains to
more than 2 per cent against the single currency so far this
month. Its gains against the dollar have been more
pronounced, with sterling rising more than 5.6 per cent so
far this month, on track for its best monthly performance
since June 2009. The dollar's worst start to a year since
1987 may get a lot worse. Regardless of whether the
Trump administration wants a strong U.S. currency or not,
this week's plunge is breaching technical barriers that had
stood as proverbial last lines of defense against a
significant gap lower. Amid a rout that stands at more than
3.1 percent year-to-date, there's no shortage of
ammunition for traders looking to wager against the
greenback.
For the past year, the Dollar has been driven lower by the
strength of its most liquid counterparts. Perhaps the most
prominent example of the Greenback's performance is the
EUR/USD's remarkable turn from a more-than-decade low
to a charge of more than 20 percent that now finds the it
at three-year highs. Though the Dollar's own fundamental
backdrop plays a part in this performance, its role has been
more that of a static anchor around which more active
counterparts have gained strength. From the themes that
have been most prominent over this period, we have seen
a strong but static view on interest rate expectations,
growth forecast, appeal for return and fiscal policy.

7. _____________________________________________________________________________________________________________________
Special Report
29 Jan-2018
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TIME (ET) REPORT PERIOD ACTUAL FORECAST PREVIOUS
MONDAY, JAN. 29
8:30 AM Personal income Dec. - 0.30% 0.30%
8:30 AM Consumer spending Dec. - 0.50% 0.60%
8:30 AM Core inflation Dec. - 0.20% 0.10%
TUESDAY, JAN. 30
9 am
Case-Shiller home
prices
Nov. - -- 6.20%
10 am
Consumer
confidence index
Jan. - 125 122.1
10 am
Home ownership
rate
Q4 - -- 63.90%
WEDNESDAY, JAN. 31
8:15 AM ADP employment Jan. - -- 250,000
8:30 AM
Employment cost
index
Q4 - 0.50% 0.70%
9:45 AM Chicago PMI Jan. - -- 67.6
10 am Pending home sales Dec. - -- 0.20%
2 pm
FOMC
announcement
- - 1.25-1.5% 1.25-1.5%
THURSDAY, FEB. 1
8:30 AM
Weekly jobless
claims
27-Jan 238,000 233,000
8:30 AM Productivity Q4 0.10% 3.00%
8:30 AM Unit labor costs Q4 - 1.00% -0.20%
9:45 AM
Markit
manufacturing PMI
Jan. - - --
10 am
ISM manufacturing
index
Jan. - 58.50% 59.70%
10 am
Construction
spending
Dec. - 0.50% 0.80%
Varies Motor vehicle sales Jan. - 16.5 mln 17.9 mln
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS