The document provides a daily market summary and analysis covering global and Indian stock markets, commodities, currencies and other news. Some key points: - US stock markets ended mixed with slight gains for the Dow and Nasdaq as tech stocks rose, while global stocks were hesitant ahead of the expected Fed rate decision. - Indian markets extended their rally for the seventh session led by banking stocks as the RBI announced liquidity measures. - Crude oil prices fell on uncertainty around OPEC production cuts, while copper prices are expected to rise in 2019 on strong demand and tight supply. - Recommendations are given to buy and sell stocks, indices and commodities based on technical analysis.

1. _____________________________________________________________________________________________________________________
Special Report
20 -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
The Indian equity markets continued to trend higher and
extended their rally for the seventh consecutive session on
Wednesday.Nifty opened the session gap up and traded
with a positive bias throughout the day before closing 58
points higher at 10,967. Bank Nifty too ended up 123
points at 27,298 led by a strong surge in PSU banking
stocks. Nifty PSU Bank Index closed the day ~2.9%
higher.Rate-sensitive stocks put up a strong show in
Wednesday’s trade after the Reserve Bank of India (RBI)
said it will buy more government bonds to pump liquidity
into the system.All eyes will now shift to the outcome of
the US Federal Reserve's monetary policy meeting which
culminates later in the day.Tracking the derivative data
points, Nifty and Bank Nifty Futures continued to add fresh
long positions in the December series.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[+1pts],
C o n s u m p t i o n [ + 1 . 2 5 p t s ] , P S E [ + 0 . 8 9 p t s ] , C P S E
[+0.73pts],Energy[+0.53pts],FMCG[+1.27pts],Auto
[+1.10pts],Pharma[-0.19pts],IT[-0.94pts],Metal
[+0.41pts],Realty[+2.95pts], Fin Serv sector[+1.04pts].
World Indices
Index Value % Change
DJI 23696 +0.37
S&P500 2506 -1.54
NASDAQ 6636 -2.17
FTSE100 6765 +0.96
NIKKEI 20987 -0.60
HANG SENG 25865 +0.20
Top Gainers
Company CMP Change % Chg
Indiabulls Hsg 839.65 63.05 8.12
Bajaj Finserv 6,405.45 252.8 4.11
Axis Bank 641.65 22.25 3.59
Bharti Infratel 263.45 8.85 3.48
Asian Paints 1,400.25 44.55 3.29
Top Losers
Company CMP Change % Chg
HCL Tech 957.15 -28.05 -2.85
Sun Pharma 423.8 -9.65 -2.23
Infosys 664.85 -11.75 -1.74
IndusInd Bank 1,612.65 -26.9 -1.64
TCS 1,968.45 -19.4 -0.98
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 10967.30 58.6 +0.54
SENSEX 36484 137.25 +0.38
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
20 -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
1360 target 1370/1380 Sl 1340
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 1360 target 1370/1380 Sl 1340
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 860 target 865/870 Sl
850

3. _____________________________________________________________________________________________________________________
Special Report
20 -Dec-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 27,500 43 10,90,675 11,92,420
BANKNIFTY CE 27,400 72.25 8,30,005 5,58,720
BANKNIFTY CE 27,300 111.75 5,65,683 4,91,840
MARUTI CE 8,000 68.2 13,803 1,78,575
RELIANCE CE 1,160 8.6 10,985 16,80,000
RELIANCE CE 1,140 15.6 8,401 14,45,000
SBIN CE 300 5.1 7,567 45,84,000
MARUTI CE 8,100 36.5 6,666 53,625
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 27,200 75 7,48,142 5,15,880
BANKNIFTY PE 27,100 45.1 7,08,339 5,37,600
BANKNIFTY PE 27,000 28 6,39,440 8,68,640
RELIANCE PE 1,120 9.6 7,355 6,31,500
RELIANCE PE 1,140 17.7 5,862 7,27,500
RELIANCE PE 1,100 5.45 5,172 8,10,000
MARUTI PE 7,700 38 4,426 74,850
MARUTI PE 7,800 58 3,713 63,225
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 26678 1840.52 38895 2791.49 377881 29376.72 -950.9621
INDEX OPTIONS 1185497 71128.46 1174276 70187.60 878958 65759.96 940.8542
STOCK FUTURES 210703 11865.14 210530 12124.67 1472039 86493.72 -259.5285
STOCK OPTIONS 102821 6049.06 102233 6045.67 159528 8978.72 3.3828
-266.2536
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
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 11017 10992 10960 10935 10902
BANKNIFTY 27442 27370 27292 27220 27142

4. _____________________________________________________________________________________________________________________
Special Report
20 -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 31950/31900 SL ABOVE
31200
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
20 -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 8600 TARGET 815/8635/8660
SL 8650
SELL GUARGUM ABOVE JAN 8500 TARGET
8475/8480/8440 SL 8560
DHANIYA
TRADING STRATEGY:
BUY DHANIYA JAN ABOVE 6350 TARGET 6375/6390/6410
SL 6290
SELL DHANIYA JAN ABOVE 6300 TARGET 6285/6265/6240
SL 6360
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
20 -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, 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
20 -Dec-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
19/12/18 NCDEX DHANIYA JAN BUY 6350
6375/6390/64
10
6290 NOT EXECUTED
19/12/18 NCDEX DHANIYA JAN Sell 6300
6285/6265/62
40
6360 TARGET
19/12/18
NCDEX
GUARGUM5
JAN BUY 8600
8615/8635/86
60
8650 NOT EXECUTED
19/12/18
NCDEX
GUARGUM5
JAN SELL 8500
8475/8480/84
40
8560 TARGET HIT
19/12/18 MCX GOLD JAN BUY 31200 31250/31300 31100 NOT EXECUTED
19/12/18 MCX GOLD JAN SELL 31000 30950/30900 31200 TARGET HIT
19/12/18 MCX SILVER MAR BUY 37800 37850/37925 33600 NOT EXECUTED
19/12/18 MCX SILVER MAR SELL 37300 37200/37150 37400 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
19/12/18 NIFTY FUTURE SELL 10940
10900/10850/
10820
11000 NOT EXECUTED
19/12/18 JUBILANT FOOD FUTURE BUY 1300 1305/1315 1285 TARGET
19/12/18 BEML FUTURE BUY 860 865/870 850 SL HIT
19/12/18 JUBILANT FOOD CASH BUY 1300 1305/1315 1285 TARGET HIT

8. _____________________________________________________________________________________________________________________
Special Report
20 -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%