Weekly News Letter Dated 19 — 23 September 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: 19 — 23 September 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: 8779.85 (Down 86.85)

Resistance Levels: 9000, 9250, 9500, 9800, 10000

Support Levels: 8500, 8300, 8000, 7800, 7500

SENSEX:

Last Close:  28599.03 (Down 198.22)

Resistance Levels: 29100, 30000, 31000, 32200, 33000

Support Levels: 27500, 26800, 26000, 25300, 24000

Sensex Range This Week: 28000—29000 above which it will touch 30000 & Below Target 27500; Good Support Closing Below 27500.

 

Market Commentary:

Market will show profit booking this week till F&O expiry and Nifty can touch 8650—8600 soon with hurdle around 8950. Traders should either keep strict stop loss or hedge short with call options. Avoid going short in infra & IT stocks. Hot sector this week: Fmcg & Auto.

 

Hot picks for this week:

RCOM, IDEA, KSCL, WIPRO, HEXAWARE, CADILAHC, ITC, BHEL, MARUTI, AXISBANK, RELCAP, RELIANCE, JSWSTEEL, GRASIM etc.

 

Last week's profits:        ITC – Rs. -14400.00

                                                MARUTI Fut. – Rs. -7500.00

                                                SUNPHARMA Fut. - Rs. -2400.00

                                                RELCAPITAL Fut. - Rs. 0.00

                                                WIPRO (Options) – Rs. 3000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
ITC (260.35)	Must Buy Arnd 259-253	275	281—287+	248	Low risk pick for this week, something cooking.
MARUTI (5574.55)	Sell Fut. At Opening	5450	5350—5250	5700	Limited upside left but can short sharp fall soon
Derivative- Future (Strategy for this week)
SUNPHARMA (786.65)	Must Buy Arnd 782-766	820	835—850+	Bel 750	Max Profits: Unlimited	All Pharma stocks can show short covering.
SUNPHA Put 780 (12.6)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 9600
RELCAPITAL (554.90)	Sell Around 558—570	530	520—510	Abv 580	Max Profits: Unlimited	High Risk High Gain strategy for this week.
RELCAP Call 560 (15.4)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 15000
Derivative- Option Strategy
WIPRO Call 480 (8.75)	Must Buy Arnd 8—6	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 465.
WIPRO Put 470 (3.35)	Sell 2Lot with Call 480				Max Loss: Rs. 15000

 

Last week's performance:

Weekly News Letter (Dated 19 – 23 Sept 2016) Performance Report: Maximum Profit/Loss: Rs. 21300.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
ITC	Buy At 259	253	- 6	2400	Loss Rs. 14400.00
MARUTI  Fut.	Sell Fut. At 5560	5610	- 50	150	Loss Rs. 7500.00
SUNPHARMA (Fut./Opt)	Buy At 782 / 12	782 / 8	0 – 4 =  - 4	600	Loss Rs. 2400.00
RELCAPITAL (Fut./Opt)	Sell /Buy- 570 / 20	580 / 30	– 10 + 10 =  0	1500	Profit Rs. 0.00
WIPRO (Option)	Buy/Sell- 7 / 4	5 / 1.50	–2 +(2*2.5 )= 3	1000	Profit Rs. 3000.00

 

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.

 

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

Twitter: http://twitter.com/ibnservices

Face book: https://www.facebook.com/ibnservices

Messenger id: Yahoo OR GTalk: ibnservicesdelhi OR ibncommodity

Yahoo Group (Equity): http://finance.groups.yahoo.com/group/NSE_BSE/

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

Leave your valuable Suggestions/ Complain/ Feedback here: info@ibnservices.in

How to trade with our calls: http://ibnguide.blogspot.in

Disclaimer/ Terms & Conditions: http://www.ibnservices.in/terms.php

FAQ: http://ibnfaq.blogspot.in

 

Disclaimer:

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.

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/ customers 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. 

 

Research/ Equity analysts/ advisors/ strategists of IBN Services are often sought after for expressing their views on print/electronic/web media. The views expressed are purely based on their assumption/understanding on fundamental approach/technical and historic facts on the subject. The views expressed should not be construed as an offer to buy/sell or hold equity/commodity/currencies or their derivatives. The views/opinions expressed is for information purpose only, and may change due to underlying factors, related or unrelated or other market conditions and may or may not be updated.

Neither IBN Services (Prop. Manish Kumar Sarraf), or subsidiaries of IBN Services Group, nor its proprietor / directors, employees, agents, representatives shall be liable for any damages whether direct or indirect, incidental, special or consequential including lost revenue or lost profits that may arise from or in connection with the use of the information/research reports/opinions expressed.

 

Disclosure: Clients/associates of IBN Services may be holding positions in equities or their derivatives on which the research report is made or opinion is formed or views are expressed in print or electronic media. We ensure all compliance is adhered to with this reports/opinion or views.

 Analyst ownership of the stock – Pls Visit: http://www.ibnservices.in/holdings.php

Analyst's dependent relatives' ownership in the stock – Pls Visit: http://www.ibnservices.in/holdings.php

 

Analyst Certification: The matter related to the report has been taken from sources believed reliable and the views expressed about the subject or issues in this report accurately reflect the personal views of the analyst/analysts. IBN Services (Prop. Manish Kumar Sarraf) does not compensate partly or in full, directly or indirectly, related to specific recommendations or views expressed by the research analyst / market strategists.

I/ We (Manish Kumar Sarraf, Prop.: IBN Services) are registered under SEBI (Research Analyst) Regulation 2014, with Reg. No.: INH100001948

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

K-7, 2^nd Floor, Bal Udhayan Road, Uttam Nagar, New Delhi-110059, India.

Tel.: 91 11 28565999, Mob.: 91 9899909899, 9968443444  Email: info@ibnservices.in Website: www.ibnservices.in

Twitter: https://twitter.com/ibnservices or Facebook: https://www.facebook.com/ibnservices