Weekly News Letter (Dated 23 - 27 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: 23 — 27 May 2016

 

Phone: (91) 9899909899; 9968443444; 9311353399

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Support & Resistance

NIFTY:

Last Close:  7749.70  (Down 65.20)

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

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

SENSEX:

Last Close:  25301.90 (Down 187.67)

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 trade in a narrow range this weak with support at 7700 closing below which can show 7500 and turn weak. One should keep eye on mid-cap banking, infra & other stocks for possibility of bounce with rollover & short covering. Trade with high caution as market still looks weak in short term, until closes above 8000 mark.

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

 

Last week’s profits & Hot in street

Hot picks for this week:

ICICIBANK, SBIN, PNB, COALINDIA, JISJALEQS, ITC, JUSTDIAL, LT, INFY, MARUTI, BAJAJ-AUTO, HEROMOTOCO, JETAIRWAYS, TCS etc.

Last week’s profits:        ONGC – Rs. 30000.00

                                                YESBANK Fut. – Rs. 14000.00

                                                RCOM Fut. - Rs. 4000.00

                                                HEROMOTOCO Fut. - Rs. 3750.00

                                                NIFTY (Options) – Rs. 24750.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
ONGC (213.10)	Must Buy At 210—205	220	225—230+	200	Buy at dips keeping tight stop loss for bounce.
YESBANK (980.00)	Sell Fut. At Cmp-1000	940	920—900	1020	Profit booking likely ahead of F&O expiry.
Derivative- Future (Strategy for this week)
RCOM (50.20)	Must Buy At 50—48.50	79	80—82+	Bel 47.50	Max Profits: Unlimited	Low risk pick this wk, hedge with put options.
RCOM PE 50 (0.95)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 8000
HEROMOTO (2897.35)	Sell Around 2920—2980	2780	2720—2660	Abv 3030	Max Profits: Unlimited	High Risk High Gain strategy for this week.
HERO CE 2900 (32.05)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 10000
Derivative- Option Strategy
NIFTY CE 7700 (95.50)	Must Buy Around 75-50	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 7600.
NIFTY PE 7650 (20.55)	Sell 2 Lot with CE 7700				Max Loss: Rs. 10000

 

Weekly News Letter (Dated 23– 27 May 2016) Performance Report: Maximum Profit/Loss: Rs. 33000.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
ONGC	Buy At 205	220	15	2000	Profit Rs. 30000.0(Super Call)
YESBANK Fut.	Sell Fut. At 1000	1020	- 20	700	Loss Rs. 14000.00
RCOM (Fut./Opt)	Buy At 48.5 /  3.50	47.5 / 4	– 1.0 + 0.50 = 0.5	8000	Loss Rs. 4000.00
HEROMOTO (Fut./Opt)	Sell /Buy- 2920 / 35	2975 / 60	– 55 + 25 = -30	125	Loss Rs. 3750.00
NIFTY (Option)	Buy/Sell- 60 / 15.50	360 / 0.50	300+(2*15)= 330	75	Profit Rs. 24750.0(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