Weekly News Letter (Dated 20 - 24 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: 20 — 24 June 2016

 

Phone: (91) 9899909899; 9968443444; 9311353399

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Support & Resistance

NIFTY:

Last Close: 8170.20  (Up 0.15)

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

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

SENSEX:

Last Close:  26625.91 (Down 9.84)

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:

Market will remain high volatile this week with Nifty support around 7950—7900 and resistance 8400—8500. Nifty might trade in a range of 8050—8250 due to mixed news across the street but sharp movements can be seen in next week.

Hot sector for this week: Bank & Metal.

 

Last week’s profits & Hot in street

Hot picks for this week:

PAGEIND, RCOM, JUSTDIAL, CEATLTD, ANDHRABANK, UNIONBNK, TATAMOTOR, HINDALCO, SKSMICRO, YESBANK, JSWSTEL, ITC etc.

Last week’s profits:        JINDLASTEL – Rs. 21000.00

                                                JSWSTEEL Fut. – Rs. 39000.00

                                                BANKBARODA Fut. - Rs. 0.00

                                                HINDALCO Fut. - Rs. 30000.00

                                                YESBANK (Options) – Rs. 15400.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
JINDALSTEL (66.30)	Must Buy At 65.5—64	69	71—73+	62	Short covering can be seen, trade with strict SL.
JSWSTEEL (1398.00)	Sell Fut. At 1405—1435	1340	1315—1290	1460	Stock can show profit booking ahead of expiry.
Derivative- Future (Strategy for this week)
BANKBARODA (150.7)	Must Buy At 148—144	157	160—164+	Bel 141	Max Profits: Unlimited	Good banking pick for this week hedge with pe
BANKB PUT 150 (4.15)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 9300
HINDALCO (118.90)	Sell Around 120—124	113	110—107	Abv 127	Max Profits: Unlimited	High Risk High Gain strategy for this week.
HINDAL CALL120 (3.2)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 15000
Derivative- Option Strategy
YESBK PUT 1060 (19.25)	Must Buy AT 16—12	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 1100.
YESBK CALL 1100 (10.1)	Sell 2 Lot with Put 1050				Max Loss: Rs. 28000

 

Weekly News Letter (Dated 20 – 24 June 2016) Performance Report: Maximum Profit/Loss: Rs. 78400.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
JINDALSTEL	Buy At 65.50	68.50	3	7000	Profit Rs. 21000.0(Super Call)
JSWSTEEL Fut.	Sell Fut. At 1405	1340	65	600	Profit Rs. 39000.0(Super Call)
BNKBAROD (Fut./Opt)	Buy At 148 /  4	148 / 4	0 - 0 = 0	3100	Profit Rs. 0.00
HINDALCO (Fut./Opt)	Sell /Buy- 124 / 6	113 / 1	11 – 5 = 6	5000	Profit Rs. 30000.0(Super Call)
YESBANK (Option)	Buy/Sell- 16 / 10	30 / 6	14 + (2*4) = 22	700	Profit Rs. 15400.00

 

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