Weekly News Letter Dated 29 August — 2 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: 29 August — 2 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: 8572.55 (Down 94.35)

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

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

SENSEX:

Last Close:  27782.25 (Down 294.75)

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:

Market will remain sluggish & can move in range of 8700—8500 in Nifty and any side break & close can show further 200 points movements. It's advice to sell on rise keeping SL at 8800 in short term.

Hot sector for this week: Telecom & Bank.

 

Hot picks for this week:

WIPRO, RPOWER, HCLTECH, INFRATEL, WOCKPHARMA, BEL, BRITTANIA, ULTRACEMCO, GRASIM, CESC, NHPC, NTPC, ALBK etc.

 

Last week's profits:        IDEA – Rs. -20000.00

                                                YESBANK Fut. – Rs. 0.00

                                                SUNPHARMA Fut. - Rs. 10800.00

                                                DLF Fut. - Rs. 55000.00

                                                CAIRN (Options) – Rs. 24500.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
IDEA (94.00)	Must Buy Arnd 93—91	98	100—102+	89	Watch telecom stocks for good bounce this week.
YESBANK (1332.55)	Sell Fut. Ard 1340-1370	1280	1255—1230	1400	Banking stocks can show profit booking, keep sl
Derivative- Future (Strategy for this week)
SUNPHARMA (760.30)	Must Buy Arnd 750-735	790	805—820+	Bel 720	Max Profits: Unlimited	Buy at any dip for bounce toward 800+
SUNPH PUT 760 (20.25)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 9000
DLF (161.05)	Sell Around 162—166	154	150—146	Abv 170	Max Profits: Unlimited	High Risk High Gain strategy for this week.
DLF Call 165 (5.75)	Buy when you Sell Fut.	………………………..
					Max Loss: Rs. 20000
Derivative- Option Strategy
CAIRN Put 200 (6.60)	Must Buy Arnd 6—5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 220
CAIRN Call 220 (2.35)	Sell 2 Lot with Put 200				Max Loss: Rs. 30000

 

Last week's performance:

Weekly News Letter (Dated 29 Aug – 2 Sept 2016) Performance Report: Maximum Profit/Loss: Rs. 70300.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
IDEA	Buy At 93	89	- 4	5000	Loss Rs. 20000.00
YESBANK  Fut.	Sell Fut. At 1370	1370	0	700	Profit Rs. 0.00
SUNPHARMA (Fut./Opt)	Buy At 750 / 25	785 / 8	35 – 17 =  18	600	Profit Rs. 10800.00
DLF (Fut./Opt)	Sell /Buy- 164 / 6.5	148 / 1.50	16 – 5 =  11	5000	Profit Rs. 55000.0(Super Call)
CAIRN (Option)	Buy/Sell- 5 / 3.50	8 / 1.50	3 + ( 2 * 2 )= 7	3500	Profit Rs. 24500.0(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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