Weekly News Letter (Dated 11 - 13 April 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: 11 — 13 April 2016

 

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Support & Resistance

NIFTY:

Last Close: 7555.20 (Down 157.85)

Resistance Levels: 7800, 8000, 8150, 8400

Support Levels: 7400, 7250, 7000, 6800, 6500

SENSEX:

Last Close:  24673.84 (Down 595.80)

Resistance Levels: 25700, 26500, 27000, 28500, 29000

Support Levels: 24300, 23800, 23000, 22000, 21000

Sensex Range This Week: 24000 - 25500 above which it will touch 26500 & Below Target 23000; Good Resistance Closing Above 25500.

 

Market Commentary:

Market may show some weakness in 1^st two trading session of the week but a bounce back can be seen on last trading day of the week. We have long weekend this week and only 3 trading days, so the market can be trading in narrow range of 7600—7450 with action in mid-cap stocks.

Hot sector for this week: Bank & Cement.

 

Last week’s profits & Hot in street

Hot picks for this week:

UNITECH, MOTHERSUMI, PNB, TECHM, ORIENTBANK, ONGC, ITC, BIOCON, ASHOKLEY, SUNTV, HEROMOTOCO, TATAMOTOR, ACC etc.

Last week’s profits:        ONGC – Rs. 20000.00

                                                GRASIM Fut. – Rs. 4500.00

                                                BANKINDIA Fut. - Rs. 15000.00

                                                ACC Fut. - Rs. 0.00

                                                SBIN (Options) – Rs. 12000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
ONGC (206.15)	Must Buy At 204—199	215	220—225+	195	Low risk pick for short term upside toward 240+
GRASIM (3991.90)	Sell Fut. At 4000—4080	3800	3720—3660	4120	One can sell with hedge of nearest call options.
Derivative- Future (Strategy for this week)
BANKINDIA (91.15)	Must Buy At 90.5—88	95	97.50—100	Bel 86	Max Profits: Unlimited	A good banking stock for short term bounce.
BANKIND PE 90 (2.80)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 6000
ACC (1447.00)	Sell Around 1455—1490	1385	1360—1335	Abv 1520	Max Profits: Unlimited	High Risk High Gain strategy for this week.
ACC CE 1460 (26.40)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 11250
Derivative- Option Strategy
SBIN CE 190 (3.50)	Must Buy At  3.20—2	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 175.
SBIN PE 170 (1.40)	Sell 2 Lots with CE 190				Max Loss: Rs. 10000

 

Weekly News Letter (Dated 11 – 15 April 2016) Performance Report: Maximum Profit/Loss: Rs. 42500.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
ONGC	Buy At 205	215	10	2000	Profit Rs. 20000.0(Super Call)
GRASIM Fut.	Sell Fut. At 4050	4080	- 30	150	Loss Rs. 4500.00
BANKINDIA (Fut./Opt)	Buy At 90 /  3	97 / 1	7 – 2 = 5	3000	Profit Rs. 15000.00
ACC (Fut./Opt)	Sell /Buy- 1460 / 20	1470 / 30	– 10 + 10  = 0	375	Profit Rs. 0.0(Super Call)
SBIN (Option)	Buy/Sell- 3 / 1.50	7 / 0.50	4 + ( 2 * 1) = 6	2000	Profit Rs. 12000.0(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