Weekly News Letter (Dated 18 -- 22 Dec 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 Dec 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: 10333.25 (Up 67.60)

Resistance Levels: 10500, 10600, 10800, 11000, 11500

Support Levels: 10000, 9800, 9680, 9600, 9350

SENSEX:

Last Close:  33462.97 (Up 212.67)

Resistance Levels: 33800, 34000, 35000, 36000, 38000

Support Levels: 32500, 31500, 31000, 30300, 29500

Sensex Range This Week: 32000—34000 above which it will touch 35000+ & Below Target 30000; Good Resistance Closing Abv 34000.

 

Market Commentary:

Market will move with Gujarat result where the anticipation of ruling party winning again, but if there is any disappointment then the street can show panic. Nifty will find hurdle around 10400—10450 in short term for upside toward 10600+ and if there is a fall below 10000 then we can see 9800—9600 soon. Hot sectors this week: PSU & IT.

 

Hot picks for this week:

DISHTV, EQUITAS, IDFC, SYNDIBANK, UJJIVAN, NATIONALUM,  TECHM, MARUTI, NESTLEIND, PCJEWELLER, HDFCBANK etc.

 

Last week's profits:           UNIONBANK – Rs. 48000.00

                                                BALKRISIND Fut. – Rs. 64000.00

                                                COALINDIA Fut. - Rs. 3400.00

                                                OFSS Fut. - Rs. 16500.00

                                                RELCAPITAL (Options) – Rs. 62250.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT 1	TGT 2 & 3	SL	COMMENTS
Hot picks for this week
UNIONBANK (148.20)	Must Buy At 147—143	155	159—164+	140	One can go long at any dips keeping tight SL.
BALKRISIND (2487.70)	Sell Fut. At 2500—2560	2360	2310—2250	2610	Take risk to sell on rise hedging with call option
Derivative- Future (Strategy for this week)
COALINDIA (271.70)	Must Buy At 270—264	284	290—300+	Bel 258	Max Profits: Unlimited	Low risk trading pick for this week, keep SL.
COALIND Put 270 (4.35)	Buy when you Buy Fut.	Hedging Position			Min Loss: Rs. 10200
OFSS (3920.35)	Sell Around cmp—4000	3750	3670—3600	Abv 4080	Max Profits: Unlimited	High Risk High Gain strategy for this week.
………. (….)	Buy when you Sell Fut.	Hedging Position
					Min Loss: Rs. 12000
Derivative- Option Strategy
RELCAP Call 420 (11.9)	Must Buy Arnd 11—6	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this weeks, keep spot sl 380
RELCAP Put 380 (4.35)	Sell 2 Lots with Call 420				Max Loss: Rs. 15000

 

Weekly News Letter (Dated 18 – 22 Dec 2017) Performance Report: Maximum Profit/Loss: Rs. 161150.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
UNIONBANK	Buy Around 143	155	12	4000	Profit Rs. 48000.0(Super Call)
BALKRISIND Fut.	Sell Fut. At 2500	2420	80	800	Profit Rs. 64000.0(Super Call)
COALINDIA (Fut./Opt)	Buy/ Sell- 264 / 8	269 / 5	5 – 3 = 2	1700	Profit Rs. 3400.00
OFSS (Fut./Opt)	Sell /Buy- 3970 / 0	4080 / 0	– 110 + 0 = -110	150	Loss Rs. 16500.00
RELCAPITAL (Option)	Buy/Sell- 7 / 7	77 / 0.50	70 +(2*6.50)= 83	750	Profit Rs. 62250.0(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.

 

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