Weekly News Letter Dated 24 — 28 April 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: 24 — 28 April 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
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Web: http://www.ibnservices.in; http://ibnservices.blogspot.in
Perf: http://nse-bse.blogspot.in; http://mcx-ncdex.blogspot.in
NIFTY:
Last Close: 9119.40 (Down 31.40)
Resistance Levels: 9300, 9500, 9800, 10000, 10300
Support Levels: 9000, 8700, 8400, 8200, 7950
SENSEX:
Last Close: 29365.30 (Down 96.15)
Resistance Levels: 30000, 30700, 31500, 32000, 33000
Support Levels: 29000, 28000, 27000, 26300, 25500
Sensex Range This Week: 30000—28000 above which it will touch 32000+ & Below Target 26500; Good Support Closing Below 27500.
Market Commentary:-
Nifty may trade in range of 9000—9200 this week but any two consecutive closing beyond these levels will show powers of bulls/ bears. We expect the market to remain under pressure at rise in coming days, as per our technical charts. Hot sectors for this week: Telecom & Auto.
Hot picks for this week:
BHARTIARTL, RCOM, IDFCBANK, IDBI, SAIL, ICICIBANK, ONGC, CENTURYTEX, LT, MARUTI, KSCL, BANKINDIA, ACC, CEATLTD etc.
Last week's profits: IDEA – Rs. 0.00
MARUTI Fut. – Rs. 30000.00
SUNPHARMA Fut. - Rs. 17500.00
HINDPETRO Fut. - Rs. 4200.00
INFY (Options) – Rs. 0.00
Trading picks for today:
SCRIP NAME (CMP) | EN2TRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | ||
Hot picks for this week | |||||||
COALINDIA (277.00) | Must Buy At 275—269 | 288 | 294—300+ | 263 | Stk looks oversold on charts, go long at any dip. | ||
BIOCON(1094.45) | Sell Fut. At 1100—1125 | 1050 | 1030—1010 | 1150 | One can take a risk to sell hedging call options. | ||
Derivative- Future (Strategy for this week) | |||||||
CIPLA (564.40) | Must Buy Arnd 560-548 | 590 | 602—615+ | Bel 535 | Max Profits: Unlimited | All pharma stocks look oversold on charts. | |
CIPLA Put 560 (4.20) | Buy when you Buy Fut. | Hedging Position | Max Loss: Rs. 13000 | ||||
KSCL (567.30) | Sell Around 570—582 | 540 | 528—515 | Abv 592 | Max Profits: Unlimited | High Risk High Gain strategy for this week. | |
KSCL Call 570 (10.10) | Buy when you Sell Fut. | Hedging Position | |||||
Max Loss: Rs. 15000 | |||||||
Derivative- Option Strategy | |||||||
RELIANCE Put1400(19.5) | Must Buy Arnd 15—10 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Good strategy for this week, keep spot SL 1450 | |||
RELIANCE Call1460 (6.6) | Sell 2 Lots with Put 1400 | Max Loss: Rs. 12000 |
Weekly News Letter (Dated 10 – 14 April 2017) Performance Report: Maximum Profit/Loss: Rs. 43300.00
SCRIPT | TRADE PRICE | TGT | PROFIT / LOSS | UNIT | NET Profit / Loss |
IDEA | Buy Around 87 | 87 | 0 | 7000 | Profit Rs. 0.00 |
MARUTI Fut. | Sell Fut. At 6300 | 6100 | 200 | 150 | Profit Rs. 30000.0(Super Call) |
SUNPHARMA (Fut./Opt) | Buy/ Sell- 663 / 14 | 700 / 2 | 37 – 12 = 25 | 700 | Profit Rs. 17500.00 |
HINDPETRO (Fut./Opt) | Sell /Buy- 540/ 13 | 552 / 23 | – 12 + 10= -2 | 2100 | Loss Rs. 4200.00 |
INFY (Option) | Sell/Sell- 16/ 16 | 4 / 10 | 12 + (2*6) = 0 | 500 | Profit Rs. 0.00 |
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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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.
Research/ Equity analysts/ advisors/ strategists of IBN Services are often sought after for expressing their views on print/electronic/web media. The views expressed are purely based on their assumption/understanding on fundamental approach/technical and historic facts on the subject. The views expressed should not be construed as an offer to buy/sell or hold equity/commodity/currencies or their derivatives. The views/opinions expressed is for information purpose only, and may change due to underlying factors, related or unrelated or other market conditions and may or may not be updated.
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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)
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