Weekly News Letter (Dated 7 August -- 11 August 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: 7 – 11 August 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

 

Support & Resistance

 

NIFTY:

Last Close: 10066.40 (Up 51.90)

Resistance Levels: 10080, 10300, 10500, 10800, 11000

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

 

SENSEX:

Last Close:  32325.41 (Up 15.53)

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

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

 

Sensex Range This Week: 31500—32500 above which it will touch 34000+ & Below Target 30000; Good Support Closing Below 30000.

 

Market Commentary:

Ongoing tension with China should be closely watched, which seems to spark panic in the market anytime. We still warn to sit in cash or build short positions with hedge of call options until October. Many analyst expect the market to correct 10—20% soon, which can be a good opportunity for going long again.

Hot sectors this week: Cap. Good & Auto.

 

Hot picks for this week:

UBL, ADANIPOWER, RPOWER, AJANTPHARM, CASTROLIND, IDFC, ORIENTBANK, UJJIVAN, ABIRLANUVO, BHARATFORG, NBCC etc.

 

Last week's profits:    BHEL – Rs. 35000.00

                                           RELCAP Fut. – Rs. 22500.00

                                    UNIONBANK Fut. - Rs. 0.00

                                    IBREALEST Fut. - Rs. 320000.00

                                    YESBANK (Options) – Rs. 21700.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT 1	TGT 2 & 3	SL	COMMENTS
Hot picks for this week
BHEL (137.25)	Must Buy At 136—132	143	147—151+	129	Expect result to be better & stk should fly high.
RELCAPITAL (746.35)	Sell Fut. At 750—765	715	700—685	780	Stock is overbought, go short hedging call option
Derivative- Future (Strategy for this week)
UNIONBANK (145.90)	Must Buy Arnd 145-142	152	155—159+	Bel 139	Max Profits: Unlimited	Keep an eye on all mid cap banking stocks.
UNIONBK Put 145 (6.20)	Buy when you Buy Fut.	Hedging Position			Max Loss: Rs. 12000
IBREALEST (249.40)	Sell Around 252—258	239	234—229	Abv 261	Max Profits: Unlimited	High Risk High Gain strategy for this week.
IBREAL Call 260 (8.70)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 30000
Derivative- Option Strategy
YESBK  Put 1800 (38.10)	Must Buy Arnd 35—27	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, keep spot sl 1900.
YESBK Call 1900 (19.45)	Sell 2 Lots with Put 1800				Max Loss: Rs. 25000

 

Weekly News Letter (Dated 7 Aug – 11 Aug 2017) Performance Report: Maximum Profit/Loss: Rs. 284200.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
BHEL	136	129	- 7	5000	Loss Rs. 35000.00
RELCAPITAL Fut.	Sell Fut. At 780	795	- 15	1500	Loss Rs. 22500.00
UNIONBANK (Fut./Opt)	Buy/ Sell- 142 / 8	139 / 11	– 3 + 3 = 0	4000	Profit Rs. 0.00
IBREALEST (Fut./Opt)	Sell /Buy- 265 / 17	220 / 4	45– 13 = 32	10000	Profit Rs. 320000 (Super Call)
YESBANK (Option)	Buy/Sell- 35 / 20	85 / 8	50+ (2*12)=  62	350	Profit Rs. 21700.00

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

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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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