Weekly News Letter (Dated 22 -- 26 May 2017) 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: 22 – 26 May 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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Perf: http://nse-bse.blogspot.in; http://mcx-ncdex.blogspot.in
Support & Resistance
NIFTY:
Last Close: 9427.90 (Up 27.00)
Resistance Levels: 9500, 9800, 10000, 10300, 10600
Support Levels: 9000, 8700, 8400, 8200, 7950
SENSEX:
Last Close: 30464.92 (Up 276.77)
Resistance Levels: 30500, 31500, 32000, 33000, 34000
Support Levels: 29000, 28000, 27000, 26300, 25500
Sensex Range This Week: 29000—30500 above which it will touch 32000+ & Below Target 27500; Good Support Closing Below 27500.
Market Commentary:
There can be turmoil this week in the market and high swings can be seen due to rollover and F&O expiry. Nifty can rise toward 9600—9650 but it will be wise to build short positions for next series keeping hedge of call options in highly overbought sectors like Auto & Metal.
Hot sectors this week: Cap. Good & Auto.
Last week's profits & Hot in street
Hot picks for this week:
JUSTDIAL, TATAGLOBAL, IDEA, GLENMARK, RECLT, DLF, MARUTI, DCBBANK, GAIL, BANKINDIA, TATAMOTORS, JINDALSTEL, SBIN etc.
Last week's profits: TV18BRDCST – Rs. 17000.00
PETRONET Fut. – Rs. 45000.00
BHEL Fut. - Rs. 0.00
MARUTI Fut. - Rs. 7500.00
RCOM (Options) – Rs. 0.00
Trading picks for this week:
SCRIP NAME (CMP) | EN2TRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | ||
Hot picks for this week | |||||||
TV18BRDCST (39.40) | Must Buy At 39—38 | 41.50 | 43—45+ | 37 | One can buy at dips with hedge of put options. | ||
PETRONET (450.00) | Sell Fut. At 453—463 | 430 | 420—410 | 472 | Sell on any rise keeping tight SL, overbought. | ||
Derivative- Future (Strategy for this week) | |||||||
BHEL (164.60) | Must Buy Arnd 163-159 | 172 | 176—180+ | Bel 156 | Max Profits: Unlimited | Low risk trading strategy for this week | |
BHEL Put 160 (1.35) | Buy when you Buy Fut. | Hedging Position | Max Loss: Rs. 15000 | ||||
MARUTI (6807.25) | Sell Around 6850—7000 | 6500 | 6370—6250 | Abv 7100 | Max Profits: Unlimited | High Risk High Gain strategy for this week. | |
MARUT Call6850 (38.1) | Buy when you Sell Fut. | Hedging Position | |||||
Max Loss: Rs. 15000 | |||||||
Derivative- Option Strategy | |||||||
RCOM Call 32.50 (0.25) | Must Buy Arnd 0.2-0.1 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Good strategy for this week, keep spot SL 29. | |||
RCOM Call 35 (0.10) | Sell 2 Lots with Call 32.50 | Max Loss: Rs. 5000 | |||||
Weekly News Letter (Dated 22 – 26 May 2017) Performance Report: Maximum Profit/Loss: Rs. 20500.00
SCRIPT | TRADE PRICE | TGT | PROFIT / LOSS | UNIT | NET Profit / Loss |
TV18BRDCST | But At 38 | 37 | - 1 | 17000 | Loss Rs. 17000.00 |
PETRONET Fut. | Sell Fut. At 459 | 429 | 30 | 1500 | Profit Rs. 45000.0(Super Call) |
BHEL (Fut./Opt) | Buy/ Sell- 159 / 2 | 156 / 5 | – 3 + 3 = 0 | 5000 | Profit Rs. 0.00 |
MARUTI (Fut./Opt) | Sell /Buy- 6900 / 30 | 7000 / 80 | –100 + 50 = - 50 | 150 | Loss Rs. 7500.00 |
RCOM (Option) | Buy/Sell- 0.15 / 0.1 | 0.05 / .05 | – .05+(2*.05)= 0 | 12000 | 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.
Important Links
Phone Nos.: 91- 9899909899 OR 91- 9968443444 OR 91-11-28565999
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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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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.
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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.
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posted by NSE_BSE at Friday, May 26, 2017
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