Weekly News Letter (Dated 22 - 26 February 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: 22 — 26 February 2016

 

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Support & Resistance

NIFTY:

Last Close: 7210.75 (Up 229.15)

Resistance Levels: 7300, 7600, 7800, 8000, 8150

Support Levels: 6800, 6500, 6200, 6000, 5750

SENSEX:

Last Close:  23709.15 (Up 723.03)

Resistance Levels: 24000, 25000, 25700, 26500, 27000

Support Levels: 22000, 21000, 20000, 19300, 18500

Sensex Range This Week: 23000 - 25000 above which it will touch 26500 & Below Target 22000; Good Support Closing Around 22000.

 

Market Commentary:

Market will remain volatile with Nifty hurdle around 7240—7250. F&O expiry this week can show short covering in most of the mid-cap stocks ahead of budget. If Nifty manages to close above 7250 then we can see good rally toward 7400+ in coming days, but stay long with hedge of put options as volatility will be high.

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

 

Last week’s profits & Hot in street

Hot picks for this week:

TECHM, ANDHRABANK, ALBK, RCOM, KTKBANK, CAIRN, UNITECH, GMRINFRA, MINDTREE, M&M, BPCL, HINDPET, PETRONET, IGL etc.

Last week’s profits:        BANKINDIA – Rs. 0.00

                                                IGL Fut. – Rs. 53900.00

                                                ONGC Fut. - Rs. 13000.00

                                                BAJFINANCE Fut. - Rs. 58750.00

                                                ICICIBANK (Options) – Rs. 22100.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
BANKINDIA (87.40)	Must Buy At 86—83.50	91	93—95+	82	Keep an eye on all midcap banking stock for rise
IGL (529.00)	Sell Fut. At 535—547	510	500—490	553	Profit booing likely hedge with nearest Ce option
Derivative- Future (Strategy for this week)
ONGC (210.90)	Must Buy At 208—202	220	225—230+	Bel 198	Max Profits: Unlimited	Something cooking, low risk for short term.
ONGC PE 210 (3.35)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 8000
BAJFINANCE (6072.35)	Sell Around 6120—6250	5800	5700—5600	Abv 6330	Max Profits: Unlimited	High Risk High Gain strategy for this week.
…………… (00.00)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 10000
Derivative- Option Strategy
ICICIBANK CE 200 (3.15)	Must Buy At  3—2	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 190
ICICIBANK PE 190 (1.10)	Sell 2 Lot with Call 200				Max Loss: Rs. 8000

 

Weekly News Letter (Dated 22 – 26 February 2016) Performance Report: Maximum Profit/Loss: Rs. 103550.0

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
BANKINDIA	Must Buy At 84	84	0	3000	Profit Rs. 0.00(Super Call)
IGL Fut.	Sell Fut. At 533	484	49	1100	Profit Rs. 53900.00
ONGC (Fut./Opt)	Buy At 208.5 / 1.10	216 / 0.10	7.50 – 1 = 6.50	2000	Profit Rs. 13000.00
BAJFINANCE (Fut./Opt)	Sell /Buy- 6090	5620	470	125	Profit Rs. 58750.0(Super Call)
ICICIBANK (Option)	Buy/Sell- 1.1 / 0.90	0.10 / 6.9	-1 + ( 2*-6) = -13	1700	Loss Rs. 22100.00

 

Note: Actual result may vary from one’s trading habit & sentiment, the above results are calculated based on given trading ranges and actual prices traded on exchanges. This should not be interpreted with actual profit & loss of any client.

 

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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