Weekly News Letter (Dated 24 -- 28 July 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: 24 – 28 July 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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Support & Resistance

 

NIFTY:

Last Close: 9915.25 (Up 28.90)

Resistance Levels: 10000, 10300, 10500, 10800, 11000

Support Levels: 9600, 9350, 9150, 9000, 8700

 

SENSEX:

Last Close:  32028.89 (Up 8.14)

Resistance Levels: 32500, 33500, 34000, 35000, 36000

Support Levels: 31000, 30300, 29500, 29000, 28000

Sensex Range This Week: 31000—32500 above which it will touch 34000+ & Below Target 30000; Good Support Closing Below 30000.

 

Market Commentary:

Bulls are shy of 10000 mark which can be seen this week but doubt lies over sustainability over this mark for two consecutive days. Nifty remaining above 10000 mark will open for 10300—10500 which can be another big hurdle. Nifty has good support around 9720—9700 in short term. Remain cautious at these over stretched levels of the market.

Hot sectors this week: Power & Cement.

 

Hot picks for this week:

WIPRO, ONGC, COALINDIA, BHEL, SAIL, SUZLON, COALINDIA, ITC, ACC, HEROMOTOCO, BOSCH, GRASIM, RELCAPITAL, MARUTI etc.

 

Last week's profits:    SUZLON – Rs. 30000.00

                                    ULTRACEMCO Fut. – Rs. 34000.00

                                    SAIL Fut. - Rs. 0.00

                                    TATASTEEL Fut. - Rs. 16000.00

                                    MARUTI (Options) – Rs. 0.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT 1	TGT 2 & 3	SL	COMMENTS
Hot picks for this week
SUZLON (19.15)	Must Buy At 19--18.50	20	20.50—21+	18	Anytime a big jump toward 22+ can be seen.
ULTRACEM (4177.50)	Sell Fut. At 4200—4300	4000	3900—3800	4400	All cement stocks can show profit booking soon.
Derivative- Future (Strategy for this week)
SAIL (62.55)	Must Buy Arnd 62—60	66	68—70+	Bel 58.50	Max Profits: Unlimited	Traders can take a risk hedging with Ce option
SAIL Put 62.50 (0.85)	Buy when you Buy Fut.	Hedging Position			Max Loss: Rs. 18000
TATASTEEL (553.65)	Sell Around 556—568	530	520—510	Abv 580	Max Profits: Unlimited	High Risk High Gain strategy for this week.
TATASTL Call 560 (3.65)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 24000
Derivative- Option Strategy
MARUTI  Put 7500 (45.95)	Must Buy Arnd 40—25	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot SL 7700.
MARUTI Call 7700 (20.55)	Sell 2 Lots with Put 7500				Max Loss: Rs. 12000

 

Weekly News Letter (Dated 24 – 28 July 2017) Performance Report: Maximum Profit/Loss: Rs. 80000.00  

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
SUZLON	19	20	1	30000	Profit Rs. 30000.0(Super Call)
ULTRACEMCO Fut.	Sell Fut. At 4200	4030	170	200	Profit Rs. 34000.00
SAIL (Fut./Opt)	Buy/ Sell- 0 / 0	0 / 0	0 – 0 = 0	12000	Profit Rs. 0.00
TATASTEEL (Fut./Opt)	Sell /Buy- 565 / 2.1	555 / 0.10	10– 2 = 8	2000	Profit Rs. 16000.00
MARUTI (Option)	Buy/Sell- 40 / 25	0.10 / 5	– 40 + (2*20)=  0	150	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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