Daily News Letter Dated 24th August 2016-Gain from us. Visit: http://www.ibnservices.in or http://ibnservices.blogspot.in or http://nse-bse.blogspot.in or http://mcx-ncdex.blogspot.in

Daily News Letter

Date: 24 August 2016

 

Prepared By: Manish Kumar Sarraf (Prop. IBN Services)

Designation: Research Analyst, SEBI Reg No. INH100001948

Address: K-7, 2^nd Floor, Bal Udhayan Rd, Uttam Nagar, New Delhi-59

Phone: (91) 011-28565999; 9899909899; 9968443444; 9311353399

E-Mail: info@ibnservices.in or ibnservices@gmail.com

Yahoo / GTalk Messenger: ibnservicesdelhi or ibncommodity

Web: http://www.ibnservices.in; http://ibnservices.blogspot.in

Perf: http://nse-bse.blogspot.in; http://mcx-ncdex.blogspot.in

 

Support & Resistance

NIFTY:

Last Close: 86320.60 (Up 3.45)

Resistance Levels: 8800, 9000, 9250, 9500, 9800

Support Levels: 8500, 8300, 8000, 7800, 7600

SENSEX:

Last Close: 27990.21 (Up 4.67)

Resistance Levels: 28500, 29200, 30000, 31000, 32000

Support Levels: 27500, 26800, 26000, 25300, 25500

Sensex Range This Week: 27500 - 28500 above which it will touch 29000 & Below Target 27000; Good Resistance Closing Above 28500.

 

BTST/ STBT in last trade (Fut.):

Relcapital Fut. (Sell 1 Lot – 472, SL – No, Tgt – Later)

 

Top 10 Equity Derivatives in the Last Session:

Indiacem, Idea, Jpassociate, Tatachem, Bharatforge, Igl, Dishtv, Mc-dowell, Dhfl, Trntpharm, Bankbaroda, Hcltech etc.

 

Market Commentary:

Nifty may show upside in first half but selling pressure will be seen again and this time Nifty can break 8550 & 8500 mark. Traders can keep stop loss at 8750 for short term downside toward 8500 & below.

Hot Sectors Today: Cap. Good & Bank.

 

Trading picks for today:

SCRIP NAME (CMP)40	ENTRY LEVEL	TGT1	TGT2—3		SL	COMMENTS
Hot Today
ITC (251.50)	Buy C/Fut. At 251—248	256	259—262+		245	Short covering can be seen trade keeping tight sl
YESBANK 1343.05)	Sell C/Fut. At 1345—1360	1320	1305—1290		1375	Limited upside seen but can show sharp fall.
Derivative- Future (Strategy for today)
BHEL (136.95)	Must Buy At  136.5—135	139	141—143+		Bel 133.5	Max Profits: Unlimited	Take a risk to buy at any dip hedging put.
BHEL PUT 135  (1.15)	Buy when you Buy Fut.	Hedging Position				Max Loss: Rs. 7500
INDIACEM (140.40)	Sell At Opening Bell	138	136.50—135		Abv 143	Max Profits: Unlimited	High Risk High Gain strategy for 1—2 days.
INDIACE CALL142.5 (1.4)	Buy when you Sell Fut.	Hedging Position				Max Loss: Rs. 10500
Derivative- Option Strategy
BankNifty Put 19400 (90.3)	Must Buy At 80—50	Options Trading strategy with High Risk-- High Gain.				Max Profits: Unlimited	Trade the given strategy for 1-2 day keep SL 19600
BankNifty Call 19600 (27.0)	Sell 2 Lots with Put 19400					Max Loss: Rs. 5000
Investment Pick (Long Term)
……………….. (……) (…..)	…………………	………		…………..	………………………………………………...

 

Monthly trading picks:

Monthly trading picks for July 2016 (given on 2nd August 2016)
………….	……….	……	…………	………..	……………………………..
………….	……….	……	…………	………..	……………………………..
ONGC  (218.80)	Buy Around 215—205	235	247—260+	196	Booked 50% profits at 238 on 17th August.
………….	……….	……	…………	………..	……………………………..

 

Last Trade (23^rd August 2016) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 44838.00 Approx.

 

Weekly Equity Performance Report (16^th  –  19^th August 2016):

http://nse-bse.blogspot.in/2016/08/weekly-performance-report-equity-calls_19.html

Monthly Performance Equity Calls (July):

http://nse-bse.blogspot.in/2016/07/monthly-performance-report-all-types-of.html

Monthly Performance Nifty/ Bank Nifty Calls (July):

http://nse-bse.blogspot.in/2016/07/monthly-performance-report-all-types-of.html

Monthly Performance Commodity Calls (July):

http://nse-bse.blogspot.in/2016/07/monthly-performance-report-commodity.html

 

Important Links

Phone Nos.: 91- 9899909899 OR 91- 9968443444 OR 91-11-28565999

Subscription Details: http://www.ibnservices.in or http://ibnservices.blogspot.in

Subscription charges for our calls in equity market: http://ibnequity.blogspot.in

Subscription charges for our calls in commodity market: http://ibncommodity.blogspot.in

Performance of our calls in equity market: http://nse-bse.blogspot.in

Performance of our calls in commodity market: http://mcx-ncdex.blogspot.in

E-Mail id.: ibnservices@gmail.com or info@ibnservices.in

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Yahoo Group (Commodity): http://finance.groups.yahoo.com/group/ibncommodity/

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Any document /link/ website's, including this report, which is prepared by Manish Kumar Sarraf, the research person & proprietor of IBN Services (Research Analyst, SEBI Reg. No.: INH100001948) is circulated for purely information purpose only to the authorized recipient and should not be replicated or quoted or circulated to any person/corporate or legal entities in any form. This document/ documents/ reports/ opinion should not be interpreted as an Investment / taxation/ legal advice. While the information contained in the report has been procured in good faith, from sources considered to be reliable, all statement/statements/opinion/opinions/view/views in the report may not be considered to be complete or accurate. Therefore, it should only be relied upon at the recipients own risk.

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Office Address: IBN Services, (Prop.: Manish Kumar Sarraf)

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