The document provides an overview of global and Indian stock market performance, commodity prices, and recommendations for trading specific stocks and commodities. Key points: - Global stock markets declined sharply on concerns over slowing economic growth and upcoming interest rate hikes. Wall Street indexes fell over 2%. - In India, the Sensex closed up 307 points while the Nifty ended just below 10,900. Metal and energy stocks led sectoral gains. - Trading recommendations are given to buy stocks like Jubilant Foods and BEML, and commodities gold and silver at specific price levels. Nifty futures are recommended to sell with targets below 10,900.

1. _____________________________________________________________________________________________________________________
Special Report
18-Dec-2018
Global markets at a glance
Wall Street’s major indexes all slid more than 2 percent on
Monday, with the benchmark S&P 500 closing at its lowest
in 14 months, on concerns about slowing economic growth
ahead of a highly anticipated decision from the Federal
Reserve this week on the course of US interest-rate hikes.
The S&P 500 hit its lowest since October 2017 to breach
lows reached during its sell-off in February, having wiped
out about $3.4 trillion of market value since late
September. The small-cap Russell 2000 index confirmed a
bear market, having fallen more than 20 percent from its
August 31 closing high.
The Dow Jones Industrial Average fell 507.53 points, or
2.11 percent, to 23,592.98, the S&P 500 lost 54.01 points,
or 2.08 percent, to 2,545.94 and the Nasdaq Composite
dropped 156.93 points, or 2.27 percent, to 6,753.73.Asian
share markets stumbled on Tuesday as heightened
concerns about a slowing global economy sent Wall Street
stocks skidding to their lowest levels in more than a year .
PREVIOUS DAY ROUNDOFF
Benchmark indices ended on strong note with Sensex
closed up 300 points, while Nifty ended just below
10,900.At the close, the Sensex was up 307.14 points at
36,270.07, while Nifty was up 82.90 points at 10,888.40.
About 1400 shares have advanced, 1192 shares declined,
and 150 shares are unchanged.
Power Grid Corp, Tata Motors, HDFC, Coal India and
Vedanta are the top gainers on the Sensex, while Kotak
Mahindra Bank, Infosys, Bharti Airtel, Hero Motocorp and
L&T are among major losers.
All the sectoral indices ended in green led by metal (up 2
percent) and energy stocks (up 1.5 percent) followed by
auto, bank, infra and pharma space.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[+1.22pts],
C o n s u m p t i o n [ + 0 . 3 2 p t s ] , P S E [ + 1 . 5 3 p t s ] , C P S E
[+1.36pts],Energy[+1.51pts],FMCG[+0.83pts],Auto
[ + 0 . 6 9 p t s ] , P h a r m a [ + 0 . 5 1 p t s ] , I T
[+0.15pts],Metal+2.02pts],Realty[-0.23pts], Fin Serv sector
[+1.01pts].
World Indices
Index Value % Change
DJI 23718 -0.52
S&P500 2650 -0.020
NASDAQ 6753 -2.27
FTSE100 6773 -1.05
NIKKEI 21506 +0.62
HANG SENG 26087 -0.03
Top Gainers
Company CMP Change % Chg
Tata Motors 173.95 7 4.19
Power Grid Corp 192.55 6.85 3.69
HDFC 1,960.35 56.25 2.95
Zee Entertain 501.85 12.4 2.53
Hindalco 225.45 5.3 2.41
Top Losers
Company CMP Change % Chg
Kotak Mahindra 1,222.45 -33.5 -2.67
Infosys 694.4 -11.65 -1.65
Bajaj Finserv 6,087.80 -89.85 -1.45
Indiabulls Hsg 781.45 -11.45 -1.44
Bharti Airtel 315.2 -4.05 -1.27
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 10888 82.9 +0.77
SENSEX 36270 307.14 +0.85
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
18-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
850 target 860/865 Sl 830
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 1270 target 1280/1290 Sl 1250
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 850 target 860/865 Sl
830

3. _____________________________________________________________________________________________________________________
Special Report
18-Dec-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 27,200 93 4,16,299 5,14,740
BANKNIFTY CE 27,000 173.5 3,38,571 5,47,020
BANKNIFTY CE 27,300 64.5 2,78,473 4,04,860
RELIANCE CE 1,140 17.1 10,931 16,45,000
TATAMOTORS CE 180 2.45 10,436 52,69,500
MARUTI CE 8,000 35 8,791 2,63,475
RELIANCE CE 1,160 10 7,737 14,81,000
RELIANCE CE 1,120 27.55 7,200 8,54,500
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 75 3,88,812 6,25,940
BANKNIFTY PE 26,500 27.5 3,13,344 8,92,040
BANKNIFTY PE 26,700 53 2,95,141 5,72,040
RELIANCE PE 1,100 7.45 7,580 9,25,000
KOTAKBANK PE 1,200 21.5 5,244 5,28,800
RELIANCE PE 1,080 4.2 4,756 7,19,500
RELIANCE PE 1,120 13 4,439 4,98,000
TATAMOTORS PE 170 2.4 3,849 17,97,000
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 23784 1758.82 29930 2078.01 362406 28116.06 -319.1919
INDEX OPTIONS 920453 55742.80 920676 55721.69 877551 65520.24 21.1023
STOCK FUTURES 180050 10239.52 177891 10233.49 1475590 86347.69 6.0283
STOCK OPTIONS 106544 6195.49 106035 6149.86 156546 8816.04 45.6253
-246.436
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 10933 10910 10877 10855 10822
BANKNIFTY 27134 27075 26991 26932 26849

4. _____________________________________________________________________________________________________________________
Special Report
18-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 31600 TGT 31650/31725 SL BELOW
31500
SELL GOLD BELOW 31500 TGT 31420/31375 SL ABOVE
31700
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 38300 TGT 38375/38425 SL BELOW
38175
SELL SILVER BELOW 38100 TGT 38000/37975 SL ABOVE
38225

5. _____________________________________________________________________________________________________________________
Special Report
18-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 8900 TARGET 8915/8935/8960
SL 8850
SELL GUARGUM ABOVE JAN 8850 TARGET
8835/8820/8790 SL 8910
DHANIYA
TRADING STRATEGY:
BUY DHANIYA JAN ABOVE 6600 TARGET 6615/6630/6660
SL 6540
SELL DHANIYA JAN ABOVE 6570 TARGET 6555/6530/6520
SL 6630
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
18-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
18-Dec-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
17/12/18 NCDEX DHANIYA JAN BUY 6750
6775/6790/68
10
6690 NOT EXECUTED
17/12/18 NCDEX DHANIYA JAN Sell 6590
6575/6560/65
30
6650 TARGET
17/12/18
NCDEX
GUARGUM5
JAN BUY 8910
8925/8940/89
70
8850 TARGET HIT
17/12/18
NCDEX
GUARGUM5
JAN SELL 8850
8835/8820/87
90
8910 NOT EXECUTED
17/12/18 MCX GOLD JAN BUY 31750 31800/31875 31650 NOT EXECUTED
17/12/18 MCX GOLD JAN SELL 31500 31420/31375 31700 NOT EXECUTED
17/12/18 MCX SILVER MAR BUY 38600 38675/38750 38420 NOT EXECUTED
17/12/18 MCX SILVER MAR SELL 38400 38320/38260 38200 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
17/12/18 NIFTY FUTURE SELL 10820
10800/10780/
10750
10920 TARGET HIT
17/12/18 GAIL FUTURE BUY 347 350/352 344 TARGET
17/12/18 BHARAT FORG FUTURE BUY 520 530/535 510 SL HIT
17/12/18 GAIL CASH SELL 347 350/352 344 TARGET HIT

8. _____________________________________________________________________________________________________________________
Special Report
18-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%