Weekly News Letter Dated 8-12 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: 8 — 12 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

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Support & Resistance

NIFTY:

Last Close: 8683.15 (Up 44.65)

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

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

SENSEX:

Last Close:  28078.35 (Up 26.49)

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:

Nifty will head toward 8800+ this week and may further rise to 9000+ with some good news. Nifty will find support around 8500 and any two consecutive close below this level can create further panic. Mid-cap stocks are attractive & can show good upside in this rally.

Hot sector for this week: Pharma & Metal.

 

Last week's profits & Hot in street

Hot picks for this week: ANDHRABANK, ALBK, IDBI, RCOM, JISLJALEQS, ONGC, RPOWER,  PAGEIND, MARUTI, SUNPHARMA, TATAMOTOR, HEROMOTOCO etc.

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
BANKINDIA (111.35)	Must Buy Arnd 110-107	116	119—122+	105	Take a risk to buy at dip keeping tight stop loss.
JSWSTEEL (1746.45)	Sell Fut. Ard 1750-1785	1670	1640—1610	1820	Profit booking can be seen in metal stock keep sl
Derivative- Future (Strategy for this week)
CIPLA (533.55)	Must Buy At 530—518	560	570—580+	Bel 508	Max Profits: Unlimited	Stock can rise toward 550--560 this week.
CIPLA PUT 530 (13.05)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 10000
YESBANK (1259.00)	Sell Around 1264—1290	1200	1175—1150	Abv 1310	Max Profits: Unlimited	High Risk High Gain strategy for this week.
YESB CALL1280 (20.5)	Buy when you Sell Fut.	………………………..
					Max Loss: Rs. 14000
Derivative- Option Strategy
BankNif Put 18500 (126.5)	Must Buy Arnd 110-70	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 19900
BankNif Call 20000 (33.10)	Sell 2Lot with Put18500				Max Loss: Rs. 7000

 

Last week's performance:

Weekly News Letter (Dated 8 – 12  August 2016) Performance Report: Maximum Profit/Loss: Rs. 8300.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
BANKINDIA	Buy At 110	105	-5	6000	Loss Rs. 30000.00
JSWSTEEL  Fut.	Sell Fut. At 1760	1690	70	600	Profit Rs. 42000.0(Super Call)
CIPLA (Fut./Opt)	Buy At 530 / 10	515 / 25	- 15 + 15  =  0	1000	Profit Rs. 0.00
YESBANK  (Fut./Opt)	Sell /Buy-1265 / 20	1290 / 30	– 25 + 10 = -15	700	Loss Rs. 10500.00
BANKNIFTY (Option)	Buy/Sell- 100 / 40	200 / 5	100+(2*35)=170	40	Profit Rs. 6800.00

 

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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