Weekly News Letter (Dated 13 - 17 June 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: 13 — 17 June 2016

 

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Support & Resistance

NIFTY:

Last Close: 8170.05  (Down 50.75)

Resistance Levels: 8300, 8450, 8600, 8800, 9000

Support Levels: 8000, 7800, 7650, 7500, 7350

SENSEX:

Last Close:  26635.75 (Down 158.43)

Resistance Levels: 27000, 27500, 28000, 29700, 30500

Support Levels: 25100, 25400, 25000, 24500, 24000

Sensex Range This Week: 25500 - 27500 above which it will touch 28000 & Below Target 25000; Good Resistance Closing Above 27500.

 

Market Commentary:

All round panic can be seen this week. Nifty has major resistance around 8400—8500 but can show downside toward 8000 and below. We expect to see a sharp slide in coming days where Nifty can see 7500 and even 7200—7100 with strong hurdle at 8500 mark.

Hot sector for this week: IT & Auto.

 

Last week’s profits & Hot in street

Hot picks for this week:

FEDERALBANK, HCLTECH, UCOBANK, BEML, MARUTI, LT, ARVIND, OFSS, JUBLFOOD, BIOCON, PFC, HEROMOTO, BAJFINANCE, ITC etc.

Last week’s profits:        JISLJALEQS – Rs. 24000.00

                                                MARUTI Fut. – Rs. 16250.00

                                                TECHM Fut. - Rs. 8000.00

                                                YESBANK Fut. - Rs. 0.00

                                                RCOM (Options) – Rs. 2400.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
JISLJALEQS (66.30)	Must Buy At 65.5—64	69	71—73+	62	Low risk pick for this week, but keep strict SL.
MARUTI (4134.40)	Sell Fut. At 4160—4250	3900	3820--3750	4300	Auto sectors can show profit booking, keep SL.
Derivative- Future (Strategy for this week)
TECHM (538.80)	Must Buy At 535—523	560	572—584	Bel 514	Max Profits: Unlimited	Trade with the given strategy for this week.
TECHM PUT 530 (8.70)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 9000
YESBANK (1062.70)	Sell Around 1070—1090	1020	1000—980	Abv 1105	Max Profits: Unlimited	High Risk High Gain strategy for this week.
YESB CALL 1080 (17.9)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 10500
Derivative- Option Strategy
RCOM CALL 50 (2.15)	Must Buy AT 2—1.70	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 45.
RCOM PUT 45 (0.85)	Sell 2 Lots with Call 50				Max Loss: Rs. 20000

 

Weekly News Letter (Dated 13 – 17 June 2016) Performance Report: Maximum Profit/Loss: Rs. 45850.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
JISLJALEQS	Buy At 65.50	68.50	3	8000	Profit Rs. 24000.0(Super Call)
MARUTI Fut.	Sell Fut. At 4230	4100	130	125	Profit Rs. 16250.00
TECHM (Fut./Opt)	Buy At 530 /  10	540 / 8	10 - 2 = 8	1000	Profit Rs. 8000.00
YESBANK (Fut./Opt)	Sell /Buy- 1070 / 20	1070 / 20	0 – 0 = 0	700	Profit Rs. 0.00
RCOM (Option)	Buy/Sell- 1.7 / 1	1.40 / 1	-0.3 + (2*0) = 0.3	8000	Loss Rs. 2400.00

 

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