Weekly News Letter (Dated 18 -- 22 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: 18 – 22 September 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
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Perf: http://nse-bse.blogspot.in; http://mcx-ncdex.blogspot.in
Support & Resistance
Last Close: 10085.40 (Up 150.60)
Resistance Levels: 10150, 10300, 10600, 10800, 11000
Support Levels: 9680, 9600, 9350, 9150, 9000
SENSEX:
Last Close: 32272.61 (Up 585.09)
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:
Nifty may initially rise in 1—2 trading session but again it will be a good selling opportunity with hedge of option. The weeks ahead looks risky for the world market until Diwali and some profit booking or sharp cut can be seen. We keep our ears open for any big –ve news which can be a curse for the bull run. Hot sectors this wk: Bank & R-Group.
Hot picks for this week:
BANKBARODA, IDBI, CGPOWER, IDEA, SAIL, IDFCBANK, ITC, ONGC, TATASTEEL, VEDL, JSWSTEEL, ACC, CAIRN, YESBANK, ACC etc.
Last week's profits: ONGC – Rs. 33750.00
CESC Fut. – Rs. 77000.00
SBIN Fut. - Rs. 9000.00
RELIANCE Fut. - Rs. 28000.00
NIFTY (Options) – Rs. 10500.00
Trading picks for this week:
SCRIP NAME (CMP) | ENTRY LEVEL | TGT 1 | TGT 2 & 3 | SL | COMMENTS | ||
Hot picks for this week | |||||||
ONGC (166.75) | Must Buy At 165—161 | 174 | 179—183+ | 157 | Something cooking for a good run in short term. | ||
CESC (1052.50) | Sell Fut. At 1060—1080 | 1010 | 990—970 | 1100 | Low risk short selling pick with hedge of option. | ||
Derivative- Future (Strategy for this week) | |||||||
SBIN (272.70) | Must Buy Arnd 271-265 | 285 | 291—297+ | Bel 260 | Max Profits: Unlimited | Banking stk has more steam upside, keep SL. | |
SBIN Put 270 (3.35) | Buy when you Buy Fut. | Hedging Position | Max Loss: Rs. 15000 | ||||
RELIANCE (845.35) | Sell Around 850—870 | 805 | 788—770 | Abv 890 | Max Profits: Unlimited | High Risk High Gain strategy for this week. | |
RELIANC Call850 (12.0) | Buy when you Sell Fut. | Hedging Position | |||||
Max Loss: Rs. 20000 | |||||||
Derivative- Option Strategy | |||||||
NIFTY Put 10100 (70.70) | Must Buy Arnd 55—30 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Good strategy for 1—2 weeks, keep spot sl 10300 | |||
NIFTY Call 10300 (10.75) | Sell 2 Lots with Put 10100 | Max Loss: Rs. 5500 | |||||
Weekly News Letter (Dated 18 – 22 September 2017) Performance Report: Maximum Profit/Loss: Rs. 140250.00
SCRIPT | TRADE PRICE | TGT | PROFIT / LOSS | UNIT | NET Profit / Loss |
ONGC | Buy Around 161 | 170 | 9 | 3750 | Profit Rs. 33750.00 |
CESC Fut. | Sell Fut. At 1080 | 1010 | 70 | 1100 | Profit Rs. 77000.0(Super Call) |
SBIN (Fut./Opt) | Buy/ Sell- 271 / 2.5 | 263/ 7.50 | - 8 + 5 = - 3 | 3000 | Loss Rs. 9000.00 |
RELIANCE (Fut./Opt) | Sell /Buy- 870 / 25 | 820 / 3 | 50 – 22 = 28 | 1000 | Profit Rs. 28000.00 |
NIFTY (Option) | Buy/Sell- 35 / 22 | 135 / 2 | 100+(2*20)= 140 | 75 | Profit Rs. 10500.00 |
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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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.
Neither IBN Services (Prop. Manish Kumar Sarraf), or subsidiaries of IBN Services Group, nor its proprietor / directors, employees, agents, representatives shall be liable for any damages whether direct or indirect, incidental, special or consequential including lost revenue or lost profits that may arise from or in connection with the use of the information/research reports/opinions expressed.
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Analyst Certification: The matter related to the report has been taken from sources believed reliable and the views expressed about the subject or issues in this report accurately reflect the personal views of the analyst/analysts. IBN Services (Prop. Manish Kumar Sarraf) does not compensate partly or in full, directly or indirectly, related to specific recommendations or views expressed by the research analyst / market strategists.
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.
Tel.: 91 11 28565999, Mob.: 91 9899909899, 9968443444 Email: info@ibnservices.in Website: www.ibnservices.in
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posted by NSE_BSE at Friday, September 22, 2017
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