Daily News Letter Dated 31th Aug 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: 31 Aug 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: 9884.40 (Up 88.35)

Resistance Levels: 10100, 10300, 10600, 10800, 11000

Support Levels: 9680, 9600, 9350, 9150, 9000

SENSEX:

Last Close: 31646.46 (Up 258.07)

Resistance Levels: 32300, 33000, 34000, 35000, 36000

Support Levels: 31100, 31000, 30300, 29500, 29000

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

 

BTST/ STBT in last trade (Fut.):

Tatasteel ( Sell  – 640, SL – 00, Tgt- 634--632)

Top 10 Equity Derivatives in the Last Session:

Jpassociat, Ujjivan, Adanient, Adanipower, Fortis, Jswsteel, Equitas, Grasim, Gsfc, Mrpl etc.

Market Commentary:-

Market will remain under pressure after any rise today due to F&O expiry. Many frontline stocks can show profit booking from higher levels whereas mid-cap Banking, Infra & Telecom stocks can show short covering. The last session bounce was due to rollover and next 4—6 weeks can show bearish sentiment. Traders should cautiously remain short with hedge of call option for next few weeks. Hot Sectors For Today: Fmcg & Auto.

Trading picks for today:

SCRIP NAME (CMP)        ENTRY LEVEL     TGT1    TGT 2—3         SL      COMMENTS       
Hot Today      
BANKBARODA (139.45)     Buy C/Fut. At 139—137   142     144—146+        135     All mid-cap banking stocks can show bounce.    
GRASIM (1185.00)        Sell C/Fut. At 1188—1200        1165    1152—1140       1215    Limited upside left in all cement stocks go short.     
Derivative- Future (Strategy for today)        
DABUR (314.25)  Must Buy At 313—309     320     324—328+        Bel 305         Max Profits: Unlimited  One can buy at any dip today keeping sl.       
DABUR Put 310 (1.05)    Buy when you Buy Fut.   Hedging Position                  Max Loss: Rs. 10000          
TVSMOTOR (609.40)       Sell Around  611—618    600     594—588         Abv  624        Max Profits: Unlimited  High Risk High Gain strategy for 1—2 Days      
TVSMOTOR CE 610 (4.50)  Buy when you Sell Fut.  Hedging Position                 Max Loss: Rs. 12000           
Option Strategy        
RELIANCE PE 1560 (5.10)         Buy Around  4—2          Options Trading strategy with High Risk-- High Gain.   Max Profits: Unlimited  Trade the given strategy for today with sl 1580        
RELIANCE CE 1580 (1.90)         Sell 2 Lots with Put 1560               Max Loss: Rs. 4000             
Investment Pick        
BHEL (NSE) (135.35)     Accumulate At 132—120   200     240—280+        Stock is good investment pick for medium to long term  

Monthly trading picks:

Monthly trading picks for August 2017  
………………………….     ………………….        ……      …………..  ………………  …………………………………………..     
…………………………….    ………………………       ………….   ………………  ………………..        …………………………………..        
MARUTI Fut. (7705.5)    Sell Around 7750—8000   7000    6650—6300       Above 8200      Booked 50% profits around7350 on 11Aug..       
YESBANK Fut(1825.6)     Sell Around 1840—1920   1660    1570—1500       Above 1950      Booked 50% profits around 1690 on 22 Aug       

Last Trade (30^th August 2017) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 38551.00 Approx.

Weekly Equity Performance Report (21^st – 25^th August 2017):

http://nse-bse.blogspot.in/2017/08/weekly-performance-report-equityindex_26.html

Monthly Performance Equity Calls (July):

http://nse-bse.blogspot.in/2017/07/monthly-performance-report-equity.html

Monthly Performance Nifty/ Bank Nifty Calls (July):

http://nse-bse.blogspot.in/2017/07/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (July):

http://mcx-ncdex.blogspot.in/2017/07/monthly-performance-report-mcx.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

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

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