Weekly News Letter (Dated 8 - 11 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: 8 — 11 March 2016

 

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Support & Resistance

NIFTY:

Last Close: 7485.35 (Up 274.60)

Resistance Levels: 7600, 7800, 8000, 8150, 8400

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

SENSEX:

Last Close:  24646.48 (Up 937.33)

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 can show some profit booking in opening week but the recovery journey will continue toward 7600 and 7800+ in coming days. Nifty will find support around 7250 for post budget rally. Enjoy the rally in mid-cap & small-cap stocks which can show sharp bounces.

Hot sector for this week: Metals & IT.

 

Last week’s profits & Hot in street

Hot picks for this week:

UNITECH, IDEA, IBREALEST, SAIL, HINDALCO, NTPC, NHPC, MIDTREE, CEATLTD, ASHOKLEY, BHARATFORGE, IOC, KPIT etc.

Last week’s profits:        SAIL – Rs. 31500.00

                                                INFY Fut. – Rs. 20000.00

                                                HINDALCO Fut. - Rs. 22500.00

                                                MINDTREE Fut. - Rs. 64000.00

                                                RELINFRA (Options) – Rs. 49400.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
SAIL (40.05)	Must Buy At Opening	44	46—48+	38.50	Time to go long in metal stocks for short term.
INFY (1161.85)	Sell Fut. At 1170—1195	1110	1085—1060	1220	All IT stocks can show profit booking this week.
Derivative- Future (Strategy for this week)
HINDALCO (79.80)	Must Buy At Opening	84	87—90+	Bel 76	Max Profits: Unlimited	Worst seems over for all metal stocks now.
HINDALC PE 77.5 (1.8)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 10000
MINDTREE (1486.80)	Sell At Opening Bell	1420	1390—1360	Abv 1510	Max Profits: Unlimited	High Risk High Gain strategy for this week.
MINDT CE1500 (33.00)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 8000
Derivative- Option Strategy
RELINFRA CE 480 (13.2)	Must Buy At  13—10	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 440
RELINFRA PE 420 (6.50)	Sell 2 Lot with Call 480				Max Loss: Rs. 20000

 

Weekly News Letter (Dated 8 – 11 March 2016) Performance Report: Maximum Profit/Loss: Rs. 187400.0

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
SAIL	Must Buy At 40.50	44	3.50	9000	Profit Rs. 31500.0(Super Call)
INFY Fut.	Sell Fut. At 1180	1140	40	500	Profit Rs. 20000.00
HINDALCO (Fut./Opt)	Buy At 79 / 3	85 / 1.50	6 – 1.50 = 4.50	5000	Profit Rs. 22500.00
MINDTREE (Fut./Opt)	Sell /Buy- 745	665	80	800	Profit Rs. 64000.0(Super Call)
RELINFRA (Option)	Buy/Sell- 13 / 6	43 / 2	30 + (2*4) = 38	1300	Profit Rs. 49400.0(Super Call)

 

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