Daily News Letter Dated 6 March 2017. 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: 6 March 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
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
Support & Resistance
NIFTY:
Last Close: 8897.55 (Down 2.20)
Resistance Levels: 9000, 9250, 9500, 9800, 10000
Support Levels: 8400, 8200, 7950, 7800, 7500
SENSEX:
Last Close: 28832.45 (Down 7.34)
Resistance Levels: 29100, 30000, 30700, 31500, 32000
Support Levels: 27000, 26300, 25500, 25000, 24000
Sensex Range This Week: 28500—27500 above which it will touch 29000+ & Below Target 26500; Good Resistance Closing Abv 28500.
BTST/ STBT in last trade (Fut.):
Wipro (Sell – 496, SL – Abv 500, Tgt – 491 & 486—485)
Top 10 Equity Derivatives in the Last Session:
Infratel, Hindalco, Biocon, Gmrinfra, Justdial, Gail, Sintex, Relinfra, Abirlanuvo, Grasim etc.
Market Commentary:
Market may cheer up in opening trade due to GST news, but global market may show slide today which can trigger selling pressure in our market too. Nifty has immediate hurdle around 9000 but major hurdle will be seen around 9200 mark in short term. Remain cautious with your holdings and long positions. Hot Sectors For Today: Fmcg & Media.
Trading picks for today:
SCRIP NAME (CMP)
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ENTRY LEVEL
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TGT1
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TGT2—3
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SL
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COMMENTS
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Hot Today
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ONGC (193.05)
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Buy C/Fut. At 193—191
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197
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199—201+
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189
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Still steam left for upside toward 220—225.
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SUNTV (728.00)
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Sell C/Fut. At 730—738
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715
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707—700
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745
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Stock is overbought on chart, limited upside left.
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Derivative- Future (Strategy for today)
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ITC (263.45)
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Must By At 263—260
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269
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272—275+
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Bel 257
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Max Profits: Unlimited
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Low risk pick for short term trade.
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ITC Put 260 (4.80)
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Buy when you Buy Fut.
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Hedging Position
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Max Loss: Rs. 7200
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INFY (1032.45)
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Sell Around 1035—1046
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1012
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1001—990
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Abv 1055
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Max Profits: Unlimited
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High Risk High Gain strategy for 1—2 days.
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INFY Call 1040 (21.50)
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Buy when you Sell Fut.
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Hedging Position
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Max Loss: Rs. 4500
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Derivative- Option Strategy
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RCOM Call 40 (1.30)
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Buy between 1.20—1
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Options Trading strategy with High Risk-- High Gain.
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Max Profits: Unlimited
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Trade the given strategy for 4-6 days, keep sl 35.
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RCOM Put 35 (0.80)
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Sell 2 Lots with Call 40
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Max Loss: Rs. 33000
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Investment Pick
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RPOWER (NSE) (46.00)
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Accumulate Arnd 42-37
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60
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75—90+
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A good pick for medium to long term, limited downside.
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Monthly trading picks:
Monthly trading picks for March 2017
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TATAGLOBAL (138.0)
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Buy Around 133—126
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147
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155—163+
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Below 120
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Book 50% profit around 146 on 1st March.
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Past performances
Last Trade (3rd March 2017) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 29385.00 Approx.
Weekly Equity Performance Report (27th Feb-- 3rd March 2017):
Monthly Performance Equity Calls (February):
Monthly Performance Nifty/ Bank Nifty Calls (February):
Monthly Performance Commodity Calls (February):
Important Links
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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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Face book: https://www.facebook.com/ibnservices
Messenger id: Yahoo OR GTalk: ibnservicesdelhi OR ibncommodity
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Yahoo Group (Commodity): http://finance.groups.yahoo.com/group/ibncommodity/
Leave your valuable Suggestions/ Complain/ Feedback here: info@ibnservices.in
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Disclaimer:
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, 2nd 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
posted by NSE_BSE at Monday, March 06, 2017
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