Weekly News Letter (Dated 11 -- 15 September 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: 11 – 15 September 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: 9934.80 (Down 39.60)

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

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

 

SENSEX:

Last Close:  31687.52 (Down 204.71)

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

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

 

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

 

Market Commentary:

Traders should go short at any rise in Auto, Metal & Finance stocks on Monday & Tuesday and hold for few days, as we expect sharp selling soon. Do not forget to hedge shorts with nearest call option. Nifty hurdle around 10200 for downside to 9500—9500 very soon and below this 9200—9000 also possible. Hot sectors this wk: Cap. Good & Finance.

 

Hot picks for this week:

IDEA, RCOM, RPOWER, SAIL, ONGC, BHEL, ITC, CIPLA, HCC, ALBK,  TATASTEEL, VEDL, JSWSTEEL, ACC, YESBK, IBULHSGFIN, CESC etc.

 

Last week's profits:           BHEL – Rs. 90000.00

                                                IBULHSGFIN Fut. – Rs. 40000.00

                                                JUSTDIAL Fut. - Rs. 0.00

                                                RELCAPITAL Fut. - Rs. 22500.00

                                                YESBANK (Options) – Rs. 3500.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT 1	TGT 2 & 3	SL	COMMENTS
Hot picks for this week
BHEL (127.60)	Must Buy At 127—123	134	137—140+	120	Low risk pick for short term trader, go long now
IBULHSGFIN (1313.00)	Sell Fut. At 1320—1350	1250	1225—1200	1380	Trader can go short at any rise keeping hedge ce
Derivative- Future (Strategy for this week)
JUSTDIAL (378.70)	Must Buy Arnd 375-367	395	405—415+	Bel 360	Max Profits: Unlimited	Waiting for a big move anytime toward 440+
JUSTDIAL Put390 (10.8)	Buy when you Buy Fut.	Hedging Position			Max Loss: Rs. 8400
RELCAPITAL (755.65)	Sell Around 760—776	720	705—690	Abv 790	Max Profits: Unlimited	High Risk High Gain strategy for this week.
RELCAP Call 660 (22.90)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 21000
Derivative- Option Strategy
YESBNK Put 1780 (34.85)	Must Buy Arnd 30—22	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for 1—2 weeks, keep spot sl 1860.
YESBNK Call 1860 (15.80)	Sell 2 Lots with Put 1780				Max Loss: Rs. 20000

 

Weekly News Letter (Dated 11 – 15 September 2017) Performance Report: Maximum Profit/Loss: Rs. 156000.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
BHEL	Buy Around 127	145	18	5000	Profit Rs. 90000.0(Super Call)
IBULHSGFIN Fut.	Sell Fut. At 1320	1270	50	800	Profit Rs. 40000.00
JUSTDIAL (Fut./Opt)	Buy/ Sell- 0 / 0	0 / 0	Price Not Met	1200	Profit Rs. 0.00
RELCAP (Fut./Opt)	Sell /Buy- 770 / 30	740 / 15	30 – 5 = 15	1500	Profit Rs. 22500.00
YESBANK (Option)	Buy/Sell- 22 / 40	12 / 30	-10 + (2 * 10)=  10	350	Profit Rs. 3500.00

 

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)

K-7, 2^nd Floor, Bal Udhayan Road, Uttam Nagar, New Delhi-110059, India.

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