Weekly News Letter (Dated 18 - 22 January 2016 ) Visit: http://www.ibnservices.in or http://ibnservices.blogspot.in or http://nse-bse.blogspot.in or http://mcx-ncdex.blogspot.in

Weekly News Letter

Date: 18 — 22 January 2016

 

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Support & Resistance

NIFTY:

Last Close: 7437.80 (Down 163.55)

Resistance Levels: 7650, 7800, 8000, 8150, 8350

Support Levels: 7400, 7200, 7000, 6800, 6500

SENSEX:

Last Close:  24455.04 (Down 479.29)

Resistance Levels: 25000, 25400, 26500, 27000, 27600

Support Levels: 24300, 23500, 22800, 22000, 21000

Sensex Range This Week: 24000 - 25500 above which it will touch 26000 & Below Target 23000; Good Resistance Closing Above 25500.

 

Market Commentary:

Major movement can be seen this week & Nifty either can show 7200—7100 or can reverse back to 7750—7800. Chances are favorable for pullback toward upside. Traders should keep an eye on oversold mid-cap stocks which can pull up sharply. If market closes in red again today then chances are we can see 7000 levels soon.

Hot sector for this week: Metal & Oil-Gas.

 

Last week’s profits & Hot in street

Hot picks for this week:

JPASSOCIATE, IDEA, SAIL, HINDALCO, ONGC, TATAMOT, UNITECH, MARUTI, HINDPETRO, DRREDDY, INDUSINDBANK, RELIANCE etc.

Last week’s profits:        JINDALSTEEL – Rs. 42000.00

                                                BPCL Fut. – Rs. 42000.00

                                                PNB Fut. - Rs. 12000.00

                                                RELIANCE Fut. - Rs. 40000.00

                                                LT (Options) – Rs. 17400.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
JINDALSTEEL (63.00)	Must Buy At 62—60	66	68—70+	58.50	Take a risk to buy at dip for good bounce back.
BPCL (926.50)	Sell Fut. At 935—955	890	875—860	970	All Oil marketing stocks look overbought now.
Derivative- Future (Strategy for this week)
PNB (90.00)	Must Buy At 89—87	94	97—100+	Bel 85	Max Profits: Unlimited	Cautiously buy bank stocks, hedge with PE.
PNB PE 90 (3.40)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 8000
RELIANCE (1072.90)	Sell Around 1078—1100	1030	1010—990	Abv 1120	Max Profits: Unlimited	High Risk High Gain strategy for this week.
RELIANC Ce1100 (16.5)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 10000
Derivative- Option Strategy
LT CE 1120 (25.90)	Must Buy At  22—14	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 1060.
LT PE 1060 (4.05)	Sell 2 Lot with CE 160				Max Loss: Rs. 9000

 

Last week’s performance:

Weekly News Letter (Dated 18 – 22 January 2016) Performance Report: Maximum Profit/Loss: Rs. 153400.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
JINDALSTEEL	Must Buy At 60	66	6	7000	Profit Rs. 42000.0(Super Call)
BPCL Fut.	Sell Fut. At 936	866	70	600	Profit Rs. 42000.0(Super Call)
PNB (Fut./Opt)	Buy At 89 / 3	93 / 2	4 – 1 = 3	4000	Profit Rs. 12000.00
RELIANCE (Fut./Opt)	Sell/Buy- 1080 / 21	980 / 1	100 – 20 = 80	500	Profit Rs. 40000.0(Super Call)
LT (Option)	Buy/Sell- 14 / 22	32 / 2	18 + (2*20) = 58	300	Profit Rs. 17400.0(Super Call)

 

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Disclaimer

Kindly read carefully before trading with us:

I, (Manish Kumar Sarraf, Prop.- IBN Services, New Delhi) have taken due care and caution in compilation of data for its members. This document is written by SEBI registered Research Analyst (Reg. No. INH100001948). The document is prepared with information which has been obtained by the company (IBN Services) from sources which it considers reliable. I might not hold any positions in above stocks in Cash/ Derivatives. However, IBN Services does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IBN Services especially states that it has no financial liability whatsoever to any user/ member on account of the use of information provided on its News Letters or websites or through any medium (like: messenger/ sms/ E-mail/ group websites etc) or any other electronic, print or internet media. You are responsible for your own investment/ trading decisions. IBN Services has no control on transmission of SMS or any form of massage, which are operator or service provider dependent, any delay in delivery is beyond our control and I will not be liable for same. IBN Services will not be responsible for any errors or omissions in articles or postings, for hyperlinks embedded in messages, or for any results obtained from the use of such information. IBN Services will not be liable for any loss or damage caused by a reader's reliance on information obtained in our area (like: messenger/ sms/ E-mail/ group websites etc), or in a hyperlinked area.  All disputes subject to Delhi jurisdiction only. No part of any material may be duplicated in any form and/or distributed without IBN Services prior written consent. By: IBN Services Write to: info@ibnservices.in Visit: http://ibnservices.blogspot.in OR http://www.ibnservices.in Call: (91) 9899909899 / 9810094942 / 011-28565999