Daily News Letter Dated 24th November 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
Daily News Letter
Date: 24 November 2016
Prepared By: Manish Kumar Sarraf (Prop. IBN Services)
Designation: Research Analyst, SEBI Reg No. INH100001948
Address: K-7, 2nd 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
NIFTY:
Last Close: 8033.30 (Up 31.00)
Resistance Levels: 8350, 8500, 8750, 9000, 9250
Support Levels: 8000, 7800, 7500, 7200, 7000
SENSEX:
Last Close: 26051.81 (Up 91.03)
Resistance Levels: 27000, 27500, 28300, 29100, 30000
Support Levels: 25900, 25300, 24000, 23000, 22300
Sensex Range This Week: 26000—27000 above which it will touch 28000 & Below Target 25000; Good Support Closing Below 26000.
BTST/ STBT in last trade (Fut.):
BHARTIARTL (Buy– 300.50, SL – No, Tgt – Later)
Top 10 Equity Derivatives in the Last Session:
Ibrealest, Cadilahc, Centurytex, Relinfra, Jetairways, Vedl, Tataelxi, Dlf, Lupin, Star etc.
Market Commentary
Market will remain volatile due to F&O expiry today but the bias will be positive. Nifty might show some downside in 1st half session but recovery can be seen from 2nd half session. World markets can create panic in our market in coming days, so keep positions low and sit in cash. Hot Sectors For Today: Fmcg & Metal.
Trading picks for today:
SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | ||
Hot Today | |||||||
RPOWER (39.40) | Buy C/Fut. At 39.20—38.60 | 40.50 | 41—42+ | 38 | Stk can show good short covering, trade with sl | ||
TATASTEEL (389.80) | Sell C/Fut. At 392—396 | 384 | 380—376 | 400 | Stock can show further weakness toward 360. | ||
Derivative- Future (Strategy for today) | |||||||
ITC (224.90) | Must Buy Arnd 224—221 | 229 | 232—235+ | Bel 218 | Max Profits: Unlimited | Low risk pick for day trader, hedge with put | |
ITC Put 220 (0.45) | Buy when you Buy Fut. | Hedging Position | |||||
Max Loss: Rs. 7200 | |||||||
CENTURYTEX (730.00) | Sell Around 732—740 | 718 | 710—702 | Abv 748 | Max Profits: Unlimited | High Risk High Gain strategy for 1—2 days. | |
CENTURY Call 740 (7.10) | Buy when you Sell Fut. | Hedging Position | Max Loss: Rs. 8800 | ||||
Derivative- Option Strategy | |||||||
RIL Put 1000 (3.00) | Must Buy Around 2.5—1.5 | Options Trading strategy with High Risk-- High Gain. | Max Profits: Unlimited | Trade the given strategy for today, keep SL 1020 | |||
RIL Call 1020 (1.30) | Sell 2 Lots with Put 1000 | Max Loss: Rs. 2500 | |||||
Investment Pick | |||||||
Sharon-Bio (NSE) (11.75) | Accumulate Arnd 11—9.50 | 18 | 24—30+ | A good pick for long term investment, accumulate now. |
Monthly trading picks:
Monthly trading picks for November 2016 | |||||
IDEA (76.80) | Buy Around 74—70 | 82 | 86—90+ | 66 | Stock is bottoming around 72-70, go long now |
BHEL (139.00) | Buy Around 137—130 | 150 | 157—165+ | 124 | Book some profits around 144—145 as risky. |
MARUTI Fut. (5912.0) | Buy Around 6000—6300 | 5400 | 5150—4900 | 6500 | Target-1 hit book 75% profits around 4850. |
BPCL (671.90) | Sell Around 680—710 | 610 | 580—550 | 740 | Book 50% profits around 630 as mkt volatile. |
Last Trade (23rd November 2016) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 93375.00 Approx.
Weekly Equity Performance Report (15th – 18th November 2016):
http://nse-bse.blogspot.in/2016/11/weekly-performance-report-equity-calls_21.html
Monthly Performance Equity Calls (October):
http://nse-bse.blogspot.in/2016/10/monthly-performance-report-all-types-of.html
Monthly Performance Nifty/ Bank Nifty Calls (October):
http://nse-bse.blogspot.in/2016/10/monthly-performance-report-nifty.html
Monthly Performance Commodity Calls (October):
http://mcx-ncdex.blogspot.in/2016/10/monthly-performance-report-commodity.html
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
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Office Address: IBN Services, (Prop.: Manish Kumar Sarraf)
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