Daily News Letter Dated 22th May 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

Daily News Letter    

Date: 22 May 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

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: 9427.90 (Down 1.55)

Resistance Levels: 9550, 9650, 9800, 10000, 10300

Support Levels: 9150, 9000, 8700, 8400, 8200

 

SENSEX:

Last Close: 30464.92 (Up 30.13)

Resistance Levels: 30700, 31000, 31500, 32000, 33000

Support Levels: 29500, 29000, 28000, 27000, 26300

Sensex Range This Week: 29000—30500 above which it will touch 32000+ & Below Target 27500; Good Support Closing Below 27500.

 

BTST/ STBT in last trade (Fut.):

Tatasteel (Sell – 492, SL – No SL, Tgt – 485)

 

Top 10 Equity Derivatives in the Last Session:

Cesc, Colpal, Mothersumi, Itc, Sbin, Adanipower, Yesbank, Axisbank, Icil, Hindunilvr etc.

 

Market Commentary:

Market may cheer up with GST rollout news and Nifty can rise toward 9600-9650 which will act as major hurdle in short term. Traders can cautiously create short positions around these level keeping hedge of options. Market look exhausted especially U.S. market and can show correction of 10-20% soon.  Hot Sectors For Today: Telecom & Bank.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
ASHOKLEY (84.95)	Buy C/Fut. At 84.5—83.5	86	87.50—89+	82.5	Stock can show good rise with short covering.
PETRONET (450.00)	Sell C/Fut. At 452—457	442	437—432	462	Highly overbought on chart, hedge with option.
Derivative- Future (Strategy for today)
TECHM (418.00)	Must Buy At  416—411	425	430—435+	Bel 405	Max Profits: Unlimited	Very good pick till F&O expiry, go long.
TECHM Put 410 (3.00)	Buy when you Buy Fut.	Hedging Position			Max Loss: Rs. 6600
SBIN (309.90)	Sell Around 312—315	305	302—299	Abv  318	Max Profits: Unlimited	High Risk High Gain strategy for 1—2 Days
SBIN Call  315 (2.80)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 9000
Derivative- Option Strategy
TATSTL PUT 480 (3.10)	Buy Around 2.80—2	Options Trading strategy with High Risk-- High Gain.			Max Profits: Unlimited	Trade the given strategy for  4-6 Day,  with sl 520.
TATSTL CALL 520 (0.80)	Sell 2 Lots with Put 480				Max Loss: Rs. 10000
Investment Pick
RCOM (NSE) (34.40)	Accumulate Arnd 33—30	42	48—55+	A good pick for medium to long term, limited downside.

 

Monthly trading picks:

Monthly trading picks for May 2017
IDEA (85.95)	Buy Around 84—80	93	98—103+	Below 75	Booked 50% profits around 93 on 12 May.
…………	…………..	……	………	………..	…………………….
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…………	…………..	……	………	………..	…………………….

 

Last Trade (19^th May 2017) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 91098.00 Approx.

 

Weekly Equity Performance Report (15^th – 19^th May 2017):

http://nse-bse.blogspot.in/2017/05/weekly-performance-report-equity-calls_12.html

Monthly Performance Equity Calls (April):

http://nse-bse.blogspot.in/2017/04/monthly-performance-report-all-types-of.html

Monthly Performance Nifty/ Bank Nifty Calls (April):

http://nse-bse.blogspot.in/2017/04/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (April):

http://nse-bse.blogspot.in/2017/04/monthly-performance-report-commodity.html

 

Important Links

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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

E-Mail id.: ibnservices@gmail.com or info@ibnservices.in

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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. 

 

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Office Address: IBN Services, (Prop.: Manish Kumar Sarraf)

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