Weekly News Letter (Dated 4 -- 8 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: 4 – 8 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                         

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Perf: http://nse-bse.blogspot.in; http://mcx-ncdex.blogspot.in

 

Support & Resistance

 

NIFTY:

Last Close: 9974.40 (Up 117.35)

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

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

 

SENSEX:

Last Close:  31892.23 (Up 296.17)

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:

Any rise this week will be selling opportunity with Nifty max possible upside to 10200. Traders should create short positions in Auto, Metal & Private Banking stocks with hedge of nearest call option for next 1—2 week, as these can fall sharply with the market. Avoid going short in pharma stock as these are nearing bottom for short term. Hot sectors this week: Infra & Cement.

 

Hot picks for this week:

DISHTV, IDEA, SUZLON, PNB, ONGC, RCOM, ITC, SAIL, CIPLA, IDEA,  RELCAPITAL, HDFC, KOTAKBK, RELIANCE, YESBANK, TATASTL etc

 

Last week's profits:    HCC – Rs. 18000.00

                                    CENTURYTEX Fut. – Rs. 0.00

                                    TATAMOTORS Fut. - Rs. 0.00

                                    YESBANK Fut. - Rs. 0.00

                                    RELCAPITAL (Options) – Rs. 36000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT 1	TGT 2 & 3	SL	COMMENTS
Hot picks for this week
HCC (36.95)	Must Buy At 36.5—35.5	40	42—44+	34.50	Good short covering seen in last session can long
CENTURYTEX (1251.1)	Sell Fut. At 1260—1285	1200	1175—1150	1310	Sell at any rise keeping hedge of nearest call opt.
Derivative- Future (Strategy for this week)
TATAMOTORS (392.80)	Must Buy Arnd 390-382	410	420—430+	Bel 374	Max Profits: Unlimited	Worst seems over in short term, Tgt 440+.
TATAMO Put 390 (10.80)	Buy when you Buy Fut.	Hedging Position			Max Loss: Rs. 12000
YESBANK (1780.30)	Sell Around 1785—1820	1700	1665—1630	Abv 1850	Max Profits: Unlimited	High Risk High Gain strategy for this week.
YESBK Call 1800 (37.40)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 10500
Derivative- Option Strategy
RELCAP Put 840 (12.05)	Must Buy Arnd 11—8	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for 1—2 weeks, keep spot sl 900.
RELCAP Call 900 (7.15)	Sell 2 Lots with Put 840				Max Loss: Rs. 37500

 

Weekly News Letter (Dated 4 – 8 September 2017) Performance Report: Maximum Profit/Loss: Rs. 54000.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
HCC	Buy Around 35.50	37	1.50	12000	Profit Rs. 18000.00
CENTURYTEX Fut.	Sell Fut. At 1285	1285	0	550	Profit Rs. 0.00
TATAMOTOR (Fut./Opt)	Buy/ Sell- 383 / 15	377 / 18	- 3 + 3  = 0	1500	Profit Rs. 0.00
YESBANK (Fut./Opt)	Sell /Buy- 1790 / 40	1790 / 40	0 – 0 = 0	350	Profit Rs. 0.00
RELCAP (Option)	Buy/Sell- 9 / 4.60	24 / 0.10	15 + (2 * 4.5)=  24	1500	Profit Rs. 36000.0(Super Call)

 

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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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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