Weekly News Letter (Dated 9 - 13 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: 9 — 13 May 2016

 

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Support & Resistance

NIFTY:

Last Close: 7733.45 (Down 116.35)

Resistance Levels: 7850, 8000, 8150, 8300, 8450

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

SENSEX:

Last Close:  25228.50 (Down 378.12)

Resistance Levels: 25600, 26000, 26500, 27000, 28500

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 bounce toward 7780—7800 this week but selling pressure may arise from these levels. Short term market trend seems to be down and Nifty can show 7500 & below in coming days, if 8000 mark is not breached. Most of frontline stocks can show selling pressure, sell with hedge of call options.

Hot sector for this week: Fmcg & Metals.

 

Last week’s profits & Hot in street

Hot picks for this week:

GAIL, SBIN, CAIRN, ICICIBANK, JPASSOCIAT, JISLJALEQS, ITC, ONGC, RELIANCE, JSWSTEEL, DRREDDY, TATAMOTORS, INFY etc.

Last week’s profits:        SBIN – Rs. 0.00

                                                JSWSTEEL Fut. – Rs. 45000.00

                                                ITC Fut. - Rs. 10400.00

                                                TVSMOTOR Fut. - Rs. 16000.00

                                                INFY (Options) – Rs. 3000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
SBIN (184.15)	Must Buy At 182—177	191	195—199+	173	Low risk pick for this wk, keep hedge of options.
JSWSTEEL (1332.60)	Sell Fut. At 1340—1370	1275	1250--1225	1400	Take a risk to sell on any rise hedge with option
Derivative- Future (Strategy for this week)
ITC (318.35)	Must Buy At 315—307	330	338—345+	Bel 300	Max Profits: Unlimited	News based buying can be seen, trade with SL.
ITC PE 315 (6.70)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs.11200
TVSMOTOR (301.65)	Sell Around 303—310	288	282—275	Abv 317	Max Profits: Unlimited	High Risk High Gain strategy for this week.
TVSMTR CE 310 (5.15)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 14000
Derivative- Option Strategy
INFY PE 1180 (24.25)	Must Buy Around 20-14	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 1240.
INFY CE 1240 (8.00)	Sell 2 Lots with PE 1180				Max Loss: Rs. 15000

 

Weekly News Letter (Dated 9 – 13 May 2016) Performance Report: Maximum Profit/Loss: Rs. 74400.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
SBIN	Buy At 185	185	0	2000	Profit Rs. 0.00
JSWSTEEL Fut.	Sell Fut. At 1345	1270	75	600	Profit Rs. 45000.0(Super Call)
ITC (Fut./Opt)	Buy At 315.5 /  5	322 / 5	6.50 – 0 = 6.50	1600	Profit Rs. 10400.00
TVSMOTOR (Fut./Opt)	Sell /Buy- 303.5/5.5	292.5 / 2.5	11 – 3 = 8	2000	Profit Rs. 16000.00
INFY (Option)	Buy/Sell- 14 / 11	14 / 8	0 + ( 2 * 3) = 6	500	Profit Rs. 3000.00

 

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