Weekly News Letter Dated 17 — 21 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: 17 — 21 October 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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Perf: http://nse-bse.blogspot.in; http://mcx-ncdex.blogspot.in

 

NIFTY:

Last Close: 8583.40 (Down 114.20)

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

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

SENSEX:

Last Close:  27673.60 (Down 994.62)

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

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

Sensex Range This Week: 27500—28500 above which it will touch 30000 & Below Target 26500; Good Support Closing Below 27500.

 

Market Commentary:

Nifty may bounce toward 8700 this week but selling pressure will be seen on any rise for downside toward 8500 & below. Nifty may touch 8250—8200 soon before bouncing again. Frontline stocks can be showing profit booking due to fear of downfall specially R-Group, Auto, Cement & metals. Hot sector for this week: IT & Metals.

 

 Hot picks for this week:

HCLTECH, RCOM, IDEA, IDBI, WIPRO, ACC, SUNPHRMA, ITC, NTPC, TATASTEELLICHSGFIN, ULTRACEM, BIOCON, ZEEL, RELIANCE etc.

 

Last week's profits:        BANKINDIA – Rs. 24000.00

                                                MARUTI Fut. – Rs. 7500.00

                                                INFY Fut. - Rs. 22500.00

                                                ARVIND Fut. - Rs. 26000.00

                                                NIFTY (Options) – Rs. 3000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
HEXAWARE (182.25)	Must Buy Arnd 181-177	190	195—200+	173	Keep an eye on all IT stock this week for bounce
JSWSTEEL (1748.45)	Sell Fut. At 1760—1800	1680	1650—1620	1835	Ltd upside left but can show free fall anytime.
Derivative- Future (Strategy for this week)
HCLTECH (810.15)	Must Buy Ard 805—790	845	860—875+	Bel 775	Max Profits: Unlimited	Trade with the given strategy for gain soon.
HCLTEC Put 800 (15.9)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 10500
CAIRN (225.25)	Sell Around 227—233	215	210—205	Abv 239	Max Profits: Unlimited	High Risk High Gain strategy for this week.
CAIRN Call 230 (4.05)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 21000
Derivative- Option Strategy
TATASTL Put 410 (8.35)	Must Sell Arnd 7.50--6	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 440.
TATASTL Call 440 (2.10)	Sell 2Lot with Put 410				Max Loss: Rs. 20000

 

Last week's performance:

Weekly News Letter (Dated 17 – 21 Oct 2016) Performance Report: Maximum Profit/Loss: Rs. 32562.00

 

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
BANKINDIA	Buy At 116	112	- 4	6000	Loss Rs. 24000.00
MARUTI Fut.	Sell Fut. At 5750	5700	50	150	Profit Rs. 7500.00
INFY (Fut./Opt)	Buy At 1005/ 30	1070 / 10	65  - 20 =  45	500	Profit Rs. 22500.0(Super Call)
ARVIND (Fut./Opt)	Sell /Buy- 359 / 10	340 / 4	19 – 6 =  13	2000	Profit Rs. 26000.0(Super Call)
NIFTY (Option)	Sell/Sell- 70 / 18	50 / 8	20+(2*10) = 40	75	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.

 

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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.

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

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

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Regards,
---------------------------
India Stock, New Delhi
(A Unit of IBN Services)
E-Mail: indiastock@gmail.com
Web: http://ibnservices.blogspot.com
http://www.ibnservices.in
http://finance.groups.yahoo.com/group/NSE_BSE/
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