Weekly News Letter (Dated 22 -- 25 Jan 2018) 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: 22 – 25 Jan 2018

 

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: 10894.70 (Up 213.45)

Resistance Levels: 11000, 11150, 11300, 11550, 12000

Support Levels: 10500, 10300, 10000, 9850, 9600

 

SENSEX:

Last Close:  35511.58 (Up 919.19)

Resistance Levels: 35800, 36300, 37000, 38000, 39000

Support Levels: 34000, 33300, 32500, 32000, 31000

 

Sensex Range This Week: 34500—36000 above which it will touch 37000+ & Below Target 33500; Good Support Closing Below 34500.

 

Market Commentary:

Nifty managed to stay above 10700 and closed on strong note. Bulls can further show upside toward 11000—11200 which can act as another hurdle in short term. Nifty will find support around 10500 in short term bull run. Keep eyes on mid-cap Psu banking & Pharma stocks which can show good upside with the market. Hot sectors this week: Oil-Gas & IT.

 

Hot picks for this week:

STAR, TATAPOWR, APOLLOHOSP, HCC, ICIL, RCOM, RNAVAL, ALBK, WIPRO, RAMCOCEM, MARUTI, NESTLEIND, BIOCN, ICICIPRULI etc.

 

Last week's profits:           ONGC – Rs. 52500.00

                                                INFY Fut. – Rs. -12000.00

                                                IDBI Fut. - Rs. 63000.00

                                                AXISBANK Fut. - Rs. 0.00

                                                RCOM (Options) – Rs. 14000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT 1	TGT 2 & 3	SL	COMMENTS
Hot picks for this week
ONGC (193.70)	Must Buy Arnd 193-189	203	207—215+	185		News based buying can be seen, trade with SL.
INFY (1142.70)	Sell Fut. At 1146—1170	1100	1078—1055	1190		All IT stocks are looking overbought on charts
Derivative- Future (Strategy for this week)
IDBI (60.60)	Must Buy At 60—58	63.50	65—67+	Bel 56.50	Max Profits: Unlimited		Something cooking for a big news very soon.
IDBI Put 60 (1.00)	Buy when you Buy Fut.	Hedging Position			Min Loss: Rs. 15000
AXISBANK (591.70)	Sell Around 594—607	570	560—550	Abv 615	Max Profits: Unlimited		High Risk High Gain strategy for this week.
AXISBK CE 600 (9.00)	Buy when you Sell Fut.	Hedging Position
					Min Loss: Rs. 9600
Derivative- Option Strategy
RCOM Call 32.50 (0.75)	Must Buy Arnd 0.6--0.4	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited		Good strategy for this weeks, keep spot SL 25
RCOM Put 25 (0.45)	Sell 2 Lots with Call 32.50				Max Loss: Rs. 40000

 

Weekly News Letter (Dated 22 – 25 January 2018) Performance Report: Maximum Profit/Loss: Rs. 117500.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
ONGC	Buy Around 198	212	14	3750	Profit Rs. 52500.0(Super Call)
INFY Fut.	Sell Fut. At 1170	1190	-20	600	Loss Rs. 12000.00
IDBI (Fut./Opt)	Buy/ Sell- 61 / 0.80	67 / 0.10	7 – 0.70 = 6.30	10000	Profit Rs. 63000.0(Super Call)
AXISBANK (Fut./Opt)	Sell /Buy- 607 / 10	615 / 18	– 8 + 8 = 0	1200	Profit Rs. 0.00
RCOM (Option)	Buy/Sell- .40/0.45	0.10 / 0.05	–0.3+(2*.4)=0.5	28000	Profit Rs. 14000.00

 

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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