Weekly News Letter Dated 2--6 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: 2—6 January 2017

 

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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NIFTY:

Last Close: 8185.80 (Up 200.05)

Resistance Levels: 8200, 8350, 8500, 8750, 9000

Support Levels: 7950, 7800, 7500, 7200, 7000

SENSEX:

Last Close:  26626.46 (Up 585.76)

Resistance Levels: 26700, 27200, 27500, 28300, 29100

Support Levels: 26000, 25300, 24000, 23000, 22300

Sensex Range This Week: 26000—27000 above which it will touch 28000 & Below Target 25000; Good Support Closing Below 26000.

 

Market Commentary:

Market will remain under pressure this week too and one can sell on any rise toward 8200—8250 keeping stop loss at 8350 for downside to 7900 and below soon, this time even 7500 can be seen. Market should bottom out before budget and it will be a good opportunity to buy. Hot sector this week: Airline & Auto.

 

 Hot picks for this week:

IDBI, RPOWER, RCOM, GMRINFRA, JPASSOCIATE, ALBK, SYNDIBK, TATAMOTORS, REKLIANCE, MARUTI, SBIN, ARVIND, CENTURYT etc.

 

Last week's profits:        RPOWER  – Rs. 36000.00

                                                RELIANCE Fut. – Rs. 10000.00

                                                JETAIRWAYS Fut. - Rs. 20000.00

                                                MARUTI Fut. - Rs. 7500.00

                                                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
RPOWER (41.20)	Must Buy At 40.5—39.5	43	44—45+	38.50	All power stocks can show good upside very soon
RELIANCE (1083.70)	Sell Fut. At 1090—1110	1040	1020—1000	1130	Take a risk to sell on rise hedging with options.
Derivative- Future (Strategy for this week)
JETAIR (347.55)	Must Buy At 344—337	360	367—375+	Bel 330	Max Profits: Unlimited	One of the best pick for short term traders.
JETAIR Put 340 (13.90)	Buy when you Buy Fut.	Hedging Position			Max Loss: Rs. 7000
MARUTI (5327.60)	Sell Around 5350—5460	5100	5000—4900	Abv 5560	Max Profits: Unlimited	High Risk High Gain strategy for this week.
MARU Call5400 (116.7)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 15000
Derivative- Option Strategy
NIFTY Put 8200 (124.65)	Must Buy Arnd 110—80	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 8350
NIFTY Call 8400 (33.85)	Sell 2 Lots with Put 8200				Max Loss: Rs. 10000

 

Last week's performance:

Weekly News Letter (Dated 2--6 Jan 2017) Performance Report: Maximum Profit/Loss: Rs. 55500.00

 

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
RPOWER	Buy At 41.20	44.20	3	12000	Profit Rs. 36000.0(Super Call)
RELIANCE Fut.	Sell Fut. At 1095	1075	20	500	Profit Rs. 10000.00
JETAIRWAYS (Fut./Opt)	Buy At 345/ 13	375 / 3	30 - 10 = 20	1000	Profit Rs. 20000.0(Super Call)
MARUTI (Fut./Opt)	Sell /Buy- 5460/160	5560 / 210	– 100 + 50 = - 50	150	Loss Rs. 7500.00
NIFTY (Option)	Sell/Sell- 100 / 35	70 / 40	-30 + ( 2 * 5 ) = 40	75	Loss 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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