Weekly News Letter Dated 24--28 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: 24 — 28 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

E-Mail: info@ibnservices.in or ibnservices@gmail.com

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Perf: http://nse-bse.blogspot.in; http://mcx-ncdex.blogspot.in

 

NIFTY:

Last Close: 8693.05 (Up 109.65)

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

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

SENSEX:

Last Close:  28077.18 (Up 403.58)

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:

Any rise this week will be a good selling opportunity for downside toward 8400 & below in coming days, Nifty will face tough hurdle around 8900. Frontline stocks specially metals and bank stocks can show profit booking and a slide of 15—20%, but trade with caution and buy options as hedge to minimize loss. Hot sector for this week: Fmcg & Metals.

 

 Hot picks for this week:

BHARTIARTL, RCOM, HINDUNILVR, RPOWER, BANKINDIA, BHEL, JSWSTEEL, HINDALCO, CAIRN, VEDL, GRASIM, ULTRACEMCO etc.

 

Last week's profits:        TATAGLOBAL – Rs. 13500.00

                                                TATASTEEL Fut. – Rs. 80000.00

                                                ITC Fut. - Rs. 12000.00

                                                ICICIBANK Fut. - Rs. 12500.00

                                                NIFTY (Options) – Rs. 12000.00

 

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
TATAGLOBAL (151.9)	Must Buy Arnd 151-148	158	161—165+	145	A good pick for short term traders, trade with sl
TATATSTEEL (428.45)	Sell Fut. At 430—440	410	402—394	450	All metal stocks can show profit booking this wk
Derivative- Future (Strategy for this week)
ITC (240.00)	Must Buy Ard 239—234	251	256—261+	Bel 229	Max Profits: Unlimited	Short covering can be seen. hedge with option
ITC Put 235 (1.70)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 12000
ICICIBANK (278.00)	Sell Around 279—285	270	265—260	Abv 290	Max Profits: Unlimited	High Risk High Gain strategy for this week.
ICICIB Call 280 (3.70)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 12500
Derivative- Option Strategy
NIFTY Put 8700 (50.10)	Must Sell Arnd 45—30	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 8820.
NIFTY Call 8800 (15.50)	Sell 2Lot with Put 8700				Max Loss: Rs. 5000

 

Last week's performance:

Weekly News Letter (Dated 24--28 Oct 2016) Performance Report: Maximum Profit/Loss: Rs. 1,03,000.00

 

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
TATAGLOBAL	Buy At 148	145	- 3	4500	Loss Rs. 13500
TATASTEEL Fut.	Sell Fut. At 430	390	40	2000	Profit Rs. 80000.0(Super Call)
ITC (Fut./Opt)	Buy At 239 / 1.10	245 / 0.10	6 - 1 =  5	2400	Profit Rs. 12000.00
ICICIBANK (Fut./Opt)	Sell /Buy- 290 / 12	275 / 2	15 – 10 = 5	2500	Profit Rs. 12500.00
NIFTY (Option)	Sell/Sell- 30 / 20.10	150 / 0.10	120+(2*20)= 160	75	Profit Rs. 12000.0(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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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. 

 

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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

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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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