Weekly News Letter (Dated 28 March - 1 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: 28 March — 1 April 2016

 

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Support & Resistance

NIFTY:

Last Close: 7716.50 (Up 112.15)

Resistance Levels: 7800, 8000, 8150, 8400

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

SENSEX:

Last Close:  25337.56 (Up 384.82)

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:

The week will show high volatility due to F&O rollover with expiry. Nifty will face stiff resistance around 7800—7850 above which bulls will be aggressive for short covering in banking, infra & other oversold stocks. We expect the market to show some profit booking ahead of expiry.

Hot sector for this week: Bank & Cement.

 

Last week’s profits & Hot in street

Hot picks for this week:

EICHERMOT, CANBK, RCOM, JPASSOCIATE, UNITECH, PETRONET, RELIANCE, HINDPETRO, INDIACEM, KOTAKBANK, M&MFIN etc.

Last week’s profits:        ALBK – Rs. 39000.00

                                                SUNPHARMA Fut. – Rs. 0.00

                                                OIL Fut. - Rs. 8400.00

                                                BHARTIARTL Fut. - Rs. 29400.00

                                                NIFTY (Options) – Rs. 9750.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
ALBK (52.80)	Must Buy At 52—50.50	55	56.50—58+	49	Midcap banking stk can rise with short covering
GRASIM (3793.05)	Sell Fut. At 3800—3880	3600	3520—3450	3920	Limited upside seen in cement stock as per chart
Derivative- Future (Strategy for this week)
OIL (317.35)	Must Buy At 315—308	330	337—345+	Bel 300	Max Profits: Unlimited	A good pick for expiry this week, keep SL.
OIL PE 320 (6.75)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 9600
BHARTIARTL (358.60)	Sell Around 361—369	345	338—330	Abv 375	Max Profits: Unlimited	High Risk High Gain strategy for this week.
BHARTI CE 360 (4.35)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 7200
Derivative- Option Strategy
NIFTY PE 7700 (35.30)	Must Buy At  20—10	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 7820
NIFTY CE 7800 (20.55)	Sell 2 Lot with PE 7700				Max Loss: Rs. 4000

 

Weekly News Letter (Dated 28 Mar – 1 Apr 2016) Performance Report: Maximum Profit/Loss: Rs. 86550.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
ALBK	Buy At 51	57.5	6.5	6000	Profit Rs. 39000.0(Super Call)
GRASIM Fut.	Sell Fut. At 3820	3820	0	150	Profit Rs. 0.00
OIL (Fut./Opt)	Buy At 310 /  0	317 / 0	7 – 0 = 7	1200	Profit Rs. 8400.00
BHARTIART (Fut./Opt)	Sell /Buy- 361 / 4.5	333 / 1	28  – 3.50 = 24.5	1200	Profit Rs. 29400.0(Super Call)
NIFTY (Option)	Buy/Sell- 20 / 21	110 / 1	90+(2*20) = 130	75	Profit Rs. 9750.00

 

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