Weekly News Letter (Dated 30 May - 3 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: 30 May — 3 June 2016

 

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Support & Resistance

NIFTY:

Last Close: 8156.65  (Up 406.95)

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

Support Levels: 7700, 7600, 7400, 7250, 7000

SENSEX:

Last Close:  26653.60 (Up 1351.70)

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

Support Levels: 25400, 25000, 24300, 23800, 23000

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

 

Market Commentary:

Market has given a breakout with good volumes this time, Nifty can easily show 8300—8400 soon where next hurdle will be seen, above which we can see new all time high. Market may show profit booking from higher levels, so protect your positions with either strict stop loss of hedge with options.

Hot sector for this week: Pharma & IT.

 

Last week’s profits & Hot in street

Hot picks for this week:

ALBK, BANKBARODA, TATAMOTORS, NCC, BANKBARODA, ONGC, TVSMOTORS, M&M, SRF, HAVELLS, HDIL, LT, ABIRLANUVO, ITC etc.

Last week’s profits:        BEML – Rs. 0.00

                                                INFY Fut. – Rs. 0.00

                                                CIPLA Fut. - Rs. 0.00

                                                YESBANK Fut. - Rs. 3500.00

                                                RCOM (Options) – Rs. 22400.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
BEML (854.25)	Must Buy At 850—830	900	920—940+	810	As per technical chart stock can show good rise.
INFY (1244.15)	Sell Fut. At 1250—1275	1200	1175—1150	1300	All IT stocks can show profit booking this week.
Derivative- Future (Strategy for this week)
CIPLA (477.65)	Must Buy At 475—465	500	510—520+	Bel 455	Max Profits: Unlimited	Pharma stock can show good run this week.
CIPLA PE 470 (11.65)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 8000
YESBANK (1023.15)	Sell Around 1025—1050	980	960—940	Abv 1070	Max Profits: Unlimited	High Risk High Gain strategy for this week.
YESB CE 1040 (25.55)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 14000
Derivative- Option Strategy
RCOM CE 55 (1.35)	Must Buy AT 1.20--0.9	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 46.
RCOM PE 45 (1.35)	Sell 2 Lot with CE 55				Max Loss: Rs. 20000

 

Weekly News Letter (Dated 30 May – 3 June 2016) Performance Report: Maximum Profit/Loss: Rs. 18900.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
BEML	Price not met	0	0	0	Profit Rs. 0.00
INFY Fut.	Sell Fut. At 1260	1260	0	500	Profit Rs. 0.00
CIPLA (Fut./Opt)	Buy At 475 /  13	475 / 13	0 + 0 = 0	800	Profit Rs. 0.00
YESBANK (Fut./Opt)	Sell /Buy- 1035 / 30	1050 / 40	– 15 + 10 = - 5	700	Loss Rs. 3500.00
RCOM (Option)	Buy/Sell- 0.9 / 2	1.7 / 1	0.8+(2*1)= 2.80	8000	Profit Rs. 22400.0(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