Weekly News Letter Dated 16--20 January 2017-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: 16—20 January 2017
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
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NIFTY:
Last Close: 8400.35 (Up 156.55)
Resistance Levels: 8500, 8750, 9000, 9300, 9500
Support Levels: 7950, 7800, 7500, 7200, 7000
SENSEX:
Last Close: 27238.06 (Up 478.83)
Resistance Levels: 27500, 28300, 29100, 30000, 30700
Support Levels: 26000, 25300, 24000, 23000, 22300
Sensex Range This Week: 26500—27500 above which it will touch 28000 & Below Target 26000; Good Support Closing Below 26000.
Market Commentary:
Watch out Nifty level 8400 this week and if this level is sustained then a rally toward 8600+ can be seen and bulls will have full grip of the market. If the level of 8400 is not sustained then we can see another leg of downside toward 7800 in coming days, may be till month end. Hot sector for this week: Telecom & Bank.
Hot picks for this week:
RCOM, RPOWER, JSWENERGY, CIPLA, BANKINDIA, PNB, SAIL. ITC, TATASTEEL, MARUTI, SBIN, RELIANCE, WIPRO, HCLTECH, BEL etc.
Last week's profits: RCOM – Rs. 20400.00
GODREJCP Fut. – Rs. 28000.00
COALINDIA Fut. - Rs. 3400.00
YESBANK Fut. - Rs. 10500.00
CAIRN (Options) – Rs. 10500.00
Trading picks for this week:
SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | ||
Hot picks for this week | |||||||
RCOM (31.25) | Must Buy At 31—30 | 33 | 34—35+ | 29 | One should go long as ltd downside seen in this. | ||
GODREJCP (1572.60) | Sell Fut. At 1580-1610 | 1500 | 1470—1440 | 1640 | Stk can fall anytime now, hedge with call options | ||
Derivative- Future (Strategy for this week) | |||||||
COALINDIA (311.65) | Must Buy At 310—303 | 325 | 332—340+ | Bel 297 | Max Profits: Unlimited | Long build up seen in F&O segment last wk | |
COALIND Put 310 (4.2) | Buy when you Buy Fut. | Hedging Position | Max Loss: Rs. 10200 | ||||
YESBANK (1325.20) | Sell Around 1330—1360 | 1260 | 1235—1210 | Abv 1390 | Max Profits: Unlimited | High Risk High Gain strategy for this week. | |
YESBK Call 1340 (21.8) | Buy when you Sell Fut. | Hedging Position | |||||
Max Loss: Rs. 21000 | |||||||
Derivative- Option Strategy | |||||||
CAIRN Put 260 (4.20) | Must Buy Arnd 4—3 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Good strategy for 1—2 week, keep spot SL 280 | |||
CAIRN Call 280 (1.95) | Sell 2 Lots with Put 260 | Max Loss: Rs. 20000 | |||||
Last week's performance:
Weekly News Letter (Dated 16—20 Jan 2017) Performance Report: Maximum Profit/Loss: Rs. 45000.00
SCRIPT | TRADE PRICE | TGT | PROFIT / LOSS | UNIT | NET Profit / Loss |
RCOM | Buy Around 31 | 32.70 | 1.70 | 12000 | Profit Rs. 20400.00 |
GODREJCP Fut. | Sell Fut. At 1610 | 1540 | 70 | 400 | Profit Rs. 28000.0(Super Call) |
COALINDIA (Fut./Opt) | Buy/ Sell- 310/ 4 | 305 / 7 | - 5 + 3 = - 2 | 1700 | Loss Rs. 3400.00 |
YESBANK (Fut./Opt) | Sell /Buy- 1335/ 25 | 1360 / 35 | – 25 + 10 = 15 | 700 | Loss Rs. 10500.00 |
CAIRN (Option) | Sell/Sell- 3 / 2 | 3 / 0.50 | - 0 + (2*1.5) = 3 | 3500 | Profit Rs. 10500.00 |
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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posted by NSE_BSE at Saturday, January 21, 2017
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