Weekly News Letter (Dated 26 -- 29 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: 26 – 29 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

E-Mail: info@ibnservices.in or ibnservices@gmail.com

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Support & Resistance

NIFTY:

Last Close: 10493.00 (Up 159.75)

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

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

SENSEX:

Last Close:  33940.30 (Up 477.33)

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:

Nifty will find resistance around 10500 closing above which can move toward 10650—10700 in short term. Traders should remain cautious and can make long positions in Adag group, psu banks & pharma sectors where as short positions in Auto & Metal with hedge of options. Hot sectors this week: Adag-Group & Media.

 

Hot picks for this week:

JPASSOCIATE, NHPC, SAIL, IDBI, IDFC, IDFCBANK, HDIL, ITC,  BALKRISIND, M&M, MARUTI, ENGINEERSIN, TATASTEEL, PVR etc.

 

Last week's profits:           RCOM – Rs. 280000.00

                                                PVR Fut. – Rs. 44000.00

                                                RELCAPITAL Fut. - Rs. 69000.00

                                                ENGINEERSIN Fut. - Rs. 17500.00

                                                RPOWER (Options) – Rs. 49200.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT 1	TGT 2 & 3	SL	COMMENTS
Hot picks for this week
RCOM (16.30)	Must Buy Arnd 16—15	18	19—20+	14	Volume based buying & short covering is seen.
PVR (1445.60)	Sell Fut. At 1450—1480	1380	1350—1320	1510	Sell on any rise keeping hedge of nearest call opt
Derivative- Future (Strategy for this week)
RELCAPITAL (486.30)	Must Buy At 484—472	510	522—535+	Bel 460	Max Profits: Unlimited	All Adag stocks have more potential to rise.
RELCAP Put 480 (8.65)	Buy when you Buy Fut.	Hedging Position			Min Loss: Rs. 9000
ENGINEERSIN (205.45)	Sell Around 206—211	195	190—185	Abv 215	Max Profits: Unlimited	High Risk High Gain strategy for this week.
ENGINER Ce 210 (2.35)	Buy when you Sell Fut.	Hedging Position
					Min Loss: Rs. 14000
Derivative- Option Strategy
RPOWER Call 40 (2.05)	Must Buy Arnd 2—1.5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this weeks, keep spot sl 37.50
RPOWER Put 37.5 (0.10)	Sell 2 Lots with Call 40				Max Loss: Rs. 25000

 

Weekly News Letter (Dated 26– 29 Dec 2017) Performance Report: Maximum Profit/Loss: Rs. 459700.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
RCOM	Buy Around 16.50	36.50	20	14000	Profit Rs. 280000 (Super Call)
PVR Fut.	Sell Fut. At 1455	1400	55	800	Profit Rs. 44000.00
RELCAPITAL (Fut./Opt)	Buy/ Sell- 484 / 8.1	584 / 0.10	100 – 8 = 92	750	Profit Rs. 69000.0(Super Call)
ENGINERSIN (Fut./Opt)	Sell /Buy- 206 / 2.1	199 / 0.10	7 – 2 = 5	3500	Profit Rs. 17500.00
RPOWER (Option)	Buy/Sell- 2 / 0.10	6 / 0.05	4 +(2*.05)= 4.10	12000	Profit Rs. 49200.0(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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