Weekly News Letter Dated 22--26 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

Weekly News Letter

Date: 22 — 26 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

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Support & Resistance

NIFTY:

Last Close: 8666.90 (Down 5.25)

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

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

SENSEX:

Last Close:  28077.00 (Down 75.40)

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.

 

Market Commentary:

We can see high volatility and sea-saw movements in this week due to rollover and F&O expiry. Nifty can show some profit booking and may touch 8500 this week but hurdle will be seen around 8800.

Hot sector for this week: Telecom & Bank.

 

Hot picks for this week:

INFY, IDBI, RCOM, RPOWER, ICICIBANK, DABUR, TATAMOTORS, DHFL, BAJAJ-AUTO, JSWSTEEL, CESC, HINDALCO, YESBANK  etc.

 

Last week's profits:        RCOM – Rs. 55000.00

                                                PETRONET Fut. – Rs. 39000.00

                                                IDEA Fut. - Rs. 35500.00

                                                AXISBANK Fut. - Rs. 2400.00

                                                NIFTY (Options) – Rs. 3975.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
SAIL (45.80)	Must Buy Arnd 45-43.5	47.50	49—50+	42.50	Low risk pick for this week & short term traders
MARUTI (4920.)	Sell Fut. Ard 4950-5050	4700	4600—4500	5150	Traders can sell with hedge of nearest call option
Derivative- Future (Strategy for this week)
BHEL (137.65)	Must Buy At 137—133	144	147—150+	Bel 130	Max Profits: Unlimited	Take a risk to buy at any dip for big bounce.
BHEL PUT 135 (2.80)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 10000
VOLTAS (364.75)	Sell Around 366—374	350	343—335	Abv 380	Max Profits: Unlimited	High Risk High Gain strategy for this week.
VOLTAS CALL370 (6.6)	Buy when you Sell Fut.	………………………..
					Max Loss: Rs. 12000
Derivative- Option Strategy
YESANK Put 1280 (16.00)	Must Buy Arnd 14—10	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 1330
YESBANK Call 1340 (5.5)	Sell 2Lot with Put 1280				Max Loss: Rs. 15000

 

Last week's performance:

Weekly News Letter (Dated 23 – 26  August 2016) Performance Report: Maximum Profit/Loss: Rs. 135875.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
RCOM	Buy At 49	54.5	5.5	10000	Profit Rs. 55000.0(Super Call)
PETRONET  Fut.	Sell Fut. At 348	335	13	3000	Profit Rs. 39000.0(Super Call)
IDEA (Fut./Opt)	Buy At 93.5 / 0.95	101.5 / .05	8 – 0.90 =  7.10	5000	Profit Rs. 35500.00
AXISBANK (Fut./Opt)	Sell /Buy- 589 / 5.1	582 / 0.10	7 – 5 =  2	1200	Profit Rs. 2400.00
NIFTY (Option)	Buy/Sell- 40 / 10	75 / 1	35 + (2*9)= 53	75	Profit Rs. 3975.00

 

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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