Weekly News Letter (Dated 6 - 10 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: 6 — 10 June 2016

 

Phone: (91) 9899909899; 9968443444; 9311353399

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Support & Resistance

NIFTY:

Last Close: 8220.80  (Up 64.15)

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

Support Levels: 7800, 7650, 7500, 7350, 7000

SENSEX:

Last Close:  26794.18(Up 140.58)

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

Support Levels: 25400, 25000, 24500, 24000, 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: Bank & Auto.

 

Last week’s profits & Hot in street

Hot picks for this week:

PNB, SBIN, BANKINDIA, BANKBARODA, ONGC, JISLJALEQS, RCOM, MARUTI, JSWSTEEL, BHARTIARTL, HEROMOTOCO, TITAN, LT etc.

Last week’s profits:        RCOM – Rs. 16000.00

                                                HEROMOTO Fut. – Rs. 20000.00

                                                CANBK Fut. - Rs. 16000.00

                                                AXISBANK Fut. - Rs. 3000.00

                                                LT (Options) – Rs. 0.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
RCOM (48.80)	Must Buy At 48—46.50	51	52.50—54+	45	One should buy at dip keeping tight SL this wk.
HEROMOTO (3133.40)	Sell Fut. At CMP—3200	3000	2940—2880	3270	Risky traders can sell with hedge of nearest Call.
Derivative- Future (Strategy for this week)
CANBK (184.40)	Must Buy At 183—179	192	196—200+	Bel 175	Max Profits: Unlimited	Take a risk to buy at any dip, can bounce.
CANBK PUT 180 (11.65)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 8000
AXISBANK (544.40)	Sell Around 548—560	520	510—500	Abv 570	Max Profits: Unlimited	High Risk High Gain strategy for this week.
AXISB CALL 550 (15.0)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 10000
Derivative- Option Strategy
LT PUT 1450 (32.60)	Must Buy AT 30—22	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 1550.
LT CALL 1550 (16.55)	Sell 2 Lot with Put 1450				Max Loss: Rs. 20000

 

Weekly News Letter (Dated 6 – 10 June 2016) Performance Report: Maximum Profit/Loss: Rs. 55000.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
RCOM	Buy At 48	50	2	8000	Profit Rs. 16000.00
HEROMOTO Fut.	Sell Fut. At 3160	3060	100	200	Profit Rs. 20000.0(Super Call)
CANBK (Fut./Opt)	Buy At 182 /  5.50	191 / 4.50	9 - 1 = 8	2000	Profit Rs. 16000.00
AXISBANK (Fut./Opt)	Sell /Buy- 548 / 14	542 / 11	6 – 3 = 3	1000	Profit Rs. 3000.00
LT (Option)	Buy/Sell- 22 / 15	22 / 15	0 + ( 2 * 0 ) = 0	300	Profit Rs. 0.00

 

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