Weekly News Letter (Dated 5 -- 9 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: 5 – 9 February 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: 10760.60 (Down 309.05)

Resistance Levels: 11150, 11300, 11650, 12000, 12300

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

SENSEX:

Last Close:  35066.75 (Down 983.69)

Resistance Levels: 36300, 37000, 38000, 39000, 40000

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 will find support around 10700—10650 & closing below this will open doors for 10100—10000 levels. Market can show a bounce back toward 10950—11000 but closing above 11000 will be crucial for bulls to sustain in short term. Traders should remain cautious at rise to 11000. Hot sectors this week: R-Group & Info Tech.

 

Hot picks for this week:

DISHTV, GLENMARK, ALBK, ANDHRABANK,  KOTAKBANK, LT, ADANIENT, BAJAJ-AUT, BIOCON, HDFC, HEXAWARE, IBULHSG etc.

 

Last week's profits:           BALRAMCHIN – Rs. 56000.00

                                                KOTAKBANK Fut. – Rs. 48000.00

                                                RCOM Fut. - Rs. 58800.00

                                                TCS Fut. - Rs. 51250.00

                                                BHARTIARTL (Options) – Rs. 42500.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT 1	TGT 2 & 3	SL	COMMENTS
Hot picks for this week
BALRAMCHIN (111.30)	Must Buy Arnd 109-106	116	119—122+	103		A good pick to buy at any dip for short term.
KOTAKBANK (1089.4)	Sell Fut. At 1092—1125	1040	1020—1000	1145		Selling signal seen in technical chart, keep SL.
Derivative- Future (Strategy for this week)
RCOM (26.25)	Must Buy At 25.5—24.5	28	29—30+	Bel 24	Max Profits: Unlimited		All ADAG stocks can bounce after a dip.
RCOM Put 25 (1.40)	Buy when you Buy Fut.	Hedging Position			Min Loss: Rs. 14000
TCS (3154.60)	Sell Around 3170—3240	3000	2920—2850	Abv 3300	Max Profits: Unlimited		High Risk High Gain strategy for this week.
TCS CE 3200 (64.00)	Buy when you Sell Fut.	Hedging Position
					Min Loss: Rs. 15000
Derivative- Option Strategy
BHARTI Call 430 (11.5)	Must Buy Arnd 10—8	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited		Good strategy for this week, keep spot SL 400
BHARTI  Put 400 (8.00)	Sell 2 Lots with Call 430				Min Loss: Rs. 40000

 

Weekly News Letter (Dated 5 – 9 February 2018) Performance Report: Maximum Profit/Loss: Rs. 255750.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
BALRAMCHIN	Buy Around 106	122	16	3500	Profit Rs. 56000.0(Super Call)
KOTAKBANK Fut.	Sell Fut. At 1090	1030	60	800	Profit Rs. 48000.00
RCOM (Fut./Opt)	Buy/ Sell- 24.5 / 2.5	28 / 1.10	3.5 – 1.40 = 2.10	28000	Profit Rs. 58800.0(Super Call)
TCS (Fut./Opt)	Sell /Buy- 3190 / 85	2910 / 10	280 – 75 = 205	250	Profit Rs. 51250.00
BHARTIARTL (Option)	Buy/Sell- 10 / 9	27 / 5	17 + (2*4)= 25	1700	Profit Rs. 42500.0(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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Office Address: IBN Services, (Prop.: Manish Kumar Sarraf)

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