Weekly News Letter (Dated 19 -- 23 February 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: 19 – 23 February 2018
Prepared By: Manish Kumar Sarraf (Prop. IBN Services)
Designation: Research Analyst, SEBI Reg No. INH100001948
Address: K-7, 2nd 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: 10452.30 (Down 2.65)
Resistance Levels: 11200, 11400, 11700, 12000
Support Levels: 10450, 10300, 10000, 9850, 9600
SENSEX:
Last Close: 34010.76 (Up 5.00)
Resistance Levels: 36500, 37000, 38000, 39000
Support Levels: 34000, 33300, 32500, 32000, 31000
Sensex Range This Week: 34000—36000 above which it will touch 37000+ & Below Target 32500; Good Support Closing Below 34000.
Market Commentary:
Market may remain volatile due to negative news in the street. Nifty seems to show 10100—10000 in short term and from there a bounce can be seen again. Nifty will find tough resistance around 10600—10800 in short term, but any rise will be dominated by bears. Hot sectors this week: Pharma & Metal.
Hot picks for this week:
ALBK, SYNDIBANK, LICHSGFIN, PCJEWELLER, IDEA, BHARTIARTL, KOTAKBANK, ASIANPAINT, CANFINHOME, HINDUNIL, ESCORTS etc.
Last week's profits: ALBK – Rs. 15000.00
TATASTEEL Fut. – Rs. 63660.00
GLENMARK Fut. - Rs. 9000.00
JSWSTEEL Fut. - Rs. 45000.00
IDEA (Options) – Rs. 700.00
Trading picks for this week:
SCRIP NAME (CMP) | ENTRY LEVEL | TGT 1 | TGT 2 & 3 | SL | COMMENTS | |||
Hot picks for this week | ||||||||
ALBK (54.85) | Must Buy Arnd 54—52 | 58 | 60—62+ | 50 | All Psu mid-cap banks can bounce after a dip. | |||
TATASTEEL (689.90) | Sell Fut. At 695—710 | 660 | 647—635 | 725 | Traders can go short in metal stock with hedge | |||
Derivative- Future (Strategy for this week) | ||||||||
GLENMARK (520.90) | Must Buy At 520—510 | 545 | 555—565+ | Bel 500 | Max Profits: Unlimited | Keep an eye on all Pharma stocks for rise. | ||
GLENMAR Put 420 (9.0) | Buy when you Buy Fut. | Hedging Position | Min Loss: Rs. 9000 | |||||
JSWSTEEL (312.20) | Sell Around 315—322 | 300 | 292—285 | Abv 330 | Max Profits: Unlimited | High Risk High Gain strategy for this week. | ||
JSWSTL CE 315 (5.00) | Buy when you Sell Fut. | Hedging Position | ||||||
Min Loss: Rs. 21000 | ||||||||
Derivative- Option Strategy | ||||||||
IDEA Call 85 (0.50) | Must Buy Arnd 0.5-0.3 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Good strategy for this week, keep spot SL 75. | ||||
IDEA Put 75 (0.25) | Sell 2 Lots with Call 85 | Min Loss: Rs. 7000 | ||||||
| ||||||||
Weekly News Letter (Dated 19 – 23 February 2018) Performance Report: Maximum Profit/Loss: Rs. 101960.00
SCRIPT | TRADE PRICE | TGT | PROFIT / LOSS | UNIT | NET Profit / Loss |
ALBK | Buy Around 51.5 | 50 | - 1.50 | 10000 | Loss Rs. 15000.00 |
TATASTEEL Fut. | Sell Fut. At 694 | 634 | 60 | 1061 | Profit Rs. 63660.0(Super Call) |
GLENMARK (Fut./Opt) | Buy/ Sell- 520.5 / 9 | 538.5 / 1 | 18 – 8 = 10 | 900 | Profit Rs. 9000.00 |
JSWSTEEL (Fut./Opt) | Sell /Buy- 313 / 4 | 295 / 1 | 18 – 3 = 15 | 3000 | Profit Rs. 45000.0(Super Call) |
IDEA (Option) | Buy/Sell- 0.4 / 0.15 | 0.1 / 0.05 | - 0.30+(2*0.1)= 0.1 | 7000 | Loss Rs. 700.00 |
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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Office Address: IBN Services, (Prop.: Manish Kumar Sarraf)
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posted by NSE_BSE at Friday, February 23, 2018
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