Weekly News Letter (Dated 23 -- 27 October 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: 23 –27 October 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

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Support & Resistance

 

NIFTY:

Last Close: 10146.55 (Down 20.90)

Resistance Levels: 10200, 10300, 10600, 10800, 11000

Support Levels: 9800, 9680, 9600, 9350, 9150

 

SENSEX:

Last Close:  32389.96 (Down 42.73)

Resistance Levels: 32500, 33000, 34000, 35000, 36000

Support Levels: 31500, 31000, 30300, 29500, 29000

 

Sensex Range This Week: 30500—32000 above which it will touch 33000+ & Below Target 30000; Good Support Closing Below 30000.

 

Market Commentary:

Market will show sharp swings due to rollover and coming F&O expiry. Many frontline stocks in Metal & Auto can show long unwinding as most of the stocks look overbought on daily & weekly charts. Many Analysts are predicting a major correction in  coming days and we too remain highly cautious even if Nifty rises to 10500 levels. Hot sectors this week: Bank & Metal.

 

Hot picks for this week:

RCOM, SAIL, JUSTDIAL, RELINFRA, RCOM, LUPIN, ITC, NTPC, DLF,  HINDZINC, TATASTL, ACC, MARUTI, BHARTIARTL, HINDUNILVR etc.

 

Last week's profits:           IDBI – Rs. 148000.00

                                                BHARTIARTL Fut. – Rs. 17000.00

                                                AXISBANK Fut. - Rs. 30000.00

                                                HINDALCO Fut. - Rs. 26250.00

                                                GAIL (Options) – 0.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT 1	TGT 2 & 3	SL	COMMENTS
Hot picks for this week
IDBI (51.80)	Must Buy At 51.5—50.5	53	54—55+	50	Low risk mid-cap banking pick for short term.
BHARTIARTL (474.90)	Sell Fut. At 478—490	452	442—430	500	Limited upside left but can show profit booking.
Derivative- Future (Strategy for this week)
AXISBANK (460.50)	Must Buy Arnd 455-445	480	490—500	Bel 435	Max Profits: Unlimited	Some recovery can be seen after taking a dip.
AXISBAN Put 450 (4.75)	Buy when you Buy Fut.	Hedging Position			Max Loss: Rs. 12000
HINDALCO (274.00)	Sell Around 276—282	262	256—250	Abv 288	Max Profits: Unlimited	High Risk High Gain strategy for this week.
HINDALC Call 275 (3.5)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 21000
Derivative- Option Strategy
GAIL Call 440 (4.50)	Must Buy Arnd 4—2.50	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this weeks, keep spot sl 410
GAIL Put 410 (1.10)	Sell 2 Lots with Call 440				Max Loss: Rs. 12000

 

Weekly News Letter (Dated 23 – 27 Oct 2017) Performance Report: Maximum Profit/Loss: Rs. Rs. 187250.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
IDBI	Buy Around 51.50	70	18.50	8000	Profit Rs. 148000.0(Super Call)
BHARTIARTL Fut.	Sell Fut. At 490	500	- 10	1700	Loss Rs. 17000.00
AXISBANK (Fut./Opt)	Buy/ Sell- 455/ 14	490 / 4	35 - 10  = 25	1200	Profit Rs. 30000.00
HINDALCO (Fut./Opt)	Sell /Buy- 280 /12.5	270 / 10	10 – 2.50 = 7.50	3500	Profit Rs. 26250.00
GAIL (Option)	Buy/Sell- 0 / 0	0 / 0	0 + (2*0)= 0	2000	Profit Rs. 0.00

 

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.

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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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