Weekly News Letter (Dated 21 - 23 March 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: 21 — 23 March 2016

 

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Support & Resistance

NIFTY:

Last Close: 7604.35 (Up 94.15)

Resistance Levels: 7620, 7800, 8000, 8150, 8400

Support Levels: 7250, 7000, 6800, 6500, 6200

SENSEX:

Last Close:  24952.74 (Up 234.75)

Resistance Levels: 25000, 25700, 26500, 27000, 28500

Support Levels: 23800, 23000, 22000, 21000, 20000

Sensex Range This Week: 24000 - 25000 above which it will touch 26500 & Below Target 23000; Good Resistance Closing Above 25000.

 

Market Commentary:

Nifty is heading toward 7780—7800 in coming days with strong support placed at 7400. Any two consecutive close & weekly close above 7800 mark will show a big bull dominating in the market for good upside. Remain long until 7800 mark with strict stop losses and caution.

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

 

Last week’s profits & Hot in street

Hot picks for this week:

CANBK, ALBK, RCOM, IDEA, MARUTI, JISJALEQS, JPASSOCIATE, UNITECH, DLF, TCS, INFY, SUNPHARMA, DRREDDY, M&M, ITC etc.

Last week’s profits:        RCOM – Rs. 16000.00

                                                SUNPHARMA Fut. – Rs. 0.00

                                                ONGC Fut. - Rs. 8000.00

                                                INFY Fut. - Rs. 2500.00

                                                TCS (Options) – Rs. 3600.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
RCOM (52.05)	Must Buy At 51—49.50	54	55.50—57+	48.50	Oversold stock, take a risk to buy at any dip now
SUNPHARAMA (817.0)	Sell Fut. At 820—840	780	760—740	855	Pharma stocks are showing weakness with news.
Derivative- Future (Strategy for this week)
ONGC (214.60)	Must Buy At 212—207	223	228—233+	Bel 203	Max Profits: Unlimited	Stock is near breakout, can climb toward 240+
ONGC PE 210 (2.00)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 8000
INFY (1193.90)	Sell Around 1200—1230	1140	1120—1100	Abv 1250	Max Profits: Unlimited	High Risk High Gain strategy for this week.
INFY CE 1200 (14.00)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 10000
Derivative- Option Strategy
TCS PE 2400 (21.75)	Must Buy At  20—12	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 2500
TCS CE 2500 (8.20)	Sell 2 Lot with PE 2400				Max Loss: Rs. 5000

 

Weekly News Letter (Dated 21 – 25 March 2016) Performance Report: Maximum Profit/Loss: Rs. 22900.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
RCOM	Buy At 51	53	2	8000	Profit Rs. 16000.0(Super Call)
SUNPHARMA Fut.	Sell Fut. At 840	840	0	600	Profit Rs. 0.00
ONGC (Fut./Opt)	Buy At 212 /  1	217 / 1	5 – 1 = 4	2000	Profit Rs. 8000.00
INFY (Fut./Opt)	Sell /Buy- 1200 / 15	1200 / 20	5	500	Profit Rs. 2500.00
TCS (Option)	Buy/Sell- 12 / 11	4 / 16	-8 + (2*-5) = 18	200	Loss Rs. 3600.00

 

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