Weekly News Letter (Dated 2 - 6 May 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: 2 — 6 May 2016

 

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Support & Resistance

NIFTY:

Last Close: 7849.80 (Down 49.50)

Resistance Levels: 8000, 8150, 8300, 8450, 8600

Support Levels: 7600, 7400, 7250, 7000, 6800

SENSEX:

Last Close:  25606.62 (Down 231.52)

Resistance Levels: 26000, 26500, 27000, 28500, 29000

Support Levels: 25000, 24300, 23800, 23000, 22000

Sensex Range This Week: 25000 - 26000 above which it will touch 26500 & Below Target 24000; Good Support Closing Below 25000.

.

 

Market Commentary:

Nifty may find hurdle around 8000 this week closing above which it can move toward 8300 mark which will be a big hurdle for bulls. Traders can trade both sides this week as market will be volatile with global data & news. This week Nifty seems tough to close above 8000 mark.

Hot sector for this week: Bank & Metals.

 

Last week’s profits & Hot in street

Hot picks for this week:

UNITECH, RCOM, DLF, MCLEDORUSS, RCOM, ANDHRABANK, BOB, JSWSTEEL, ZEEL, YESBANK, IDEA, HDFCBANK, ARVIND, INFY etc.

Last week’s profits:        PNB – Rs. 0.00

                                                TVSMOTOR Fut. – Rs. 90000.00

                                                CANBK Fut. - Rs. 0.00

                                                YESBANK Fut. - Rs. 14000.00

                                                TATASTEEL (Options) – Rs. 48000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
PNB (86.95)	Must Buy At 85—82.50	90	93—96+	80	Keep an eye on all mid-cap PSU banking stocks.
TVSMOTORS (321.20)	Sell Fut. At 323—330	300	292—285	336	Sell on any rise hedging with nearest call options
Derivative- Future (Strategy for this week)
CANBK (205.50)	Must Buy At 202—197	213	218—224+	Bel 193	Max Profits: Unlimited	Good pick for the week but hedge with options.
CANBK PE 200 (7.10)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 8000
YESBANK (943.40)	Sell Around 950—970	900	880—865	Abv 990	Max Profits: Unlimited	High Risk High Gain strategy for this week.
YESBK CE 960 (24.60)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 14000
Derivative- Option Strategy
TATASTL PE 350 (12.50)	Must Buy Around  11-8	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 380.
TATASTL CE 380 (5.55)	Sell 2 Lots with PE 360				Max Loss: Rs. 20000

 

Weekly News Letter (Dated 2 – 6 May 2016) Performance Report: Maximum Profit/Loss: Rs. 152000.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
PNB	Buy At 82.50	82.50	0	4000	Profit Rs. 0.00
TVSMOTORS Fut.	Sell Fut. At 325	280	45	2000	Profit Rs. 90000.0(Super Call)
CANBK (Fut./Opt)	Buy At 197 /  10	193 / 14	– 4 + 4 = 0	2000	Profit Rs. 0.00
YESBANK (Fut./Opt)	Sell /Buy- 955 / 30	915 / 10	40 – 20 = 20	700	Profit Rs. 14000.00
TATASTL (Option)	Buy/Sell- 11.5 / 5.5	27.5 / 1.50	16 + ( 2 * 4) = 24	2000	Profit Rs. 48000.0(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