Weekly News Letter Dated 26--30 october 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: 26— 30 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

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Support & Resistance

NIFTY:

Last Close: 8831.55 (Up 51.70)

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

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

SENSEX:

Last Close:  28668.22 (Up 69.19)

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 remain highly volatile with expiry this week and many stocks can show short covering with rollover. Most of the mid-cap stocks have more steam for upside of 10—20% whereas frontline stocks are highly overbought for a correction. Nifty hurdle around 8950—9000 and support around 8650--8600. Hot sector this week: Pharma & Auto.

 

Hot picks for this week:

DLF, ITC, IDEA, WIPRO, IDBI, SUNPHARMA, COALINDIA, TECHM, MARUTI, LT, RELINFRA, RELCAPITAL, RELIANCE, SBIN, SRF etc.

 

Last week's profits:        ALBK – Rs. -30000.00

                                                KOTAKBANK Fut. – Rs. 20000.00

                                                GLENMARK Fut. - Rs. -7000.00

                                                MARUTI Fut. - Rs. 43500.00

                                                NIFTY (Options) – Rs. 16200.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
ALBK (81.35)	Must Buy Arnd 81—79	85	87—89+	77	Stock can show good upside but keep tight SL.
KOTAKBANK (798.15)	Sell Fut. At 802—820	765	750—735	835	Sell on any rise keeping hedge of call options.
Derivative- Future (Strategy for this week)
GLENMARK (944.00)	Must Buy Arnd 940-920	980	1000—1020	Bel 900	Max Profits: Unlimited	Keep an eye on pharma stocks for short cover.
GLENM Put 940 (9.95)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 14000
MARUTI (5606.75)	Sell Around 5620—5700	5400	5300—5200	Abv 5800	Max Profits: Unlimited	High Risk High Gain strategy for this week.
MARUTI Call5650(39.8)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 15000
Derivative- Option Strategy
NIFTY Put 8850 (51.35)	Must Buy Arnd 45—30	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 8950.
NIFTY Call 8950 (11.00)	Sell 2Lot with Put 8850				Max Loss: Rs. 10000

 

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
ALBK	Buy At 80	77	- 3	10000	Loss Rs. 30000.00
KOTAKBANK Fut.	Sell Fut. At 795	770	25	800	Profit Rs. 20000.0
GLENMARK (Fut./Opt)	Buy At 925 / 10	900 / 25	– 25  + 15 =  - 10	700	Loss Rs. 7000.00
MARUTI (Fut./Opt)	Sell /Buy- 5620 / 31	5400 / 1	220  – 30 =  290	150	Profit Rs. 43500.0(Super Call)
NIFTY (Option)	Buy/Sell- 55 / 8.10	255 / 0.10	200 +(2*8 )= 216	75	Profit Rs. 16200.0(Super Call)

 

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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