Weekly News Letter (Dated 12 -- 16 March 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: 12 – 16 March 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: 10226.85 (Down 231.50)

Resistance Levels: 10600, 11200, 11400, 11700

Support Levels: 10000, 9850, 9600, 9300, 9000

SENSEX:

Last Close:  33307.14 (Down 739.80)

Resistance Levels: 34500, 36500, 37000, 38000

Support Levels: 32500, 32000, 31000, 30000, 29000

Sensex Range This Week: 33000—35000 above which it will touch 36000+ & Below Target 32000; Good Support Closing Below 33000.

 

Market Commentary:

We can some upside in Nifty toward 10350 this week but sustaining above will rise further toward 10600+, but remain cautious at rise. We will see high volatility as Nifty has base around 10100—10000 level in short term. The time is coming for investors to make long positions for good gain in Psu mid-cap bank, Telecom & Pharma stocks. Hot sectors this week: Bank & IT.

 

Hot picks for this week:

IFCI, ALBK, RCOM, TATAMOTORS, ANDHRABANK, CADILAHC, ITC,  MARUTI, JUBLFOOD, JSWSTEEL, MCDOWELL-N, HCLTECH etc.

 

Last week's profits:           IDFCBANK – Rs. 13600.00

                                                JINDALSTEL Fut. – Rs. 45000.00

                                                DABUR Fut. - Rs. 0.00

                                                HCLTECH Fut. - Rs. 0.00

                                                IFCI (Options) – Rs. 37400.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT 1	TGT 2 & 3	SL	COMMENTS
Hot picks for this week
IDFCBANK (50.00)	Must Buy Arnd 49—48	52	54—56+	47		Low risk pick for mid-cap banking stk this wk
JINDALSTEL (223.20)	Sell Fut. At 227—235	212	206—200	240		High risk trader can go short with hedge of opt
Derivative- Future (Strategy for this week)
DABUR (328.50)	Must Buy At 325—317	342	350—360+	Bel 310	Max Profits: Unlimited		One should go long with hedge of options.
DABUR Put 325 (4.60)	Buy when you Buy Fut.	Hedging Position			Min Loss: Rs. 17500
HCLTECH (947.30)	Sell Around 955—975	910	890—870	Abv 1000	Max Profits: Unlimited		High Risk High Gain strategy for this week.
HCLTECH CE960(13.9)	Buy when you Sell Fut.	Hedging Position
					Min Loss: Rs. 17500
Derivative- Option Strategy
IFCI Call 22.50 (0.45)	Must Buy Arnd 0.4-0.25	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited		Good strategy for this week, keep spot SL 19.50
IFCI  Put 20 (0.45)	Sell 1 Lot with Call 22.50				Min Loss: Rs. 20000

 

Weekly News Letter (Dated 12 – 16 March 2018) Performance Report: Maximum Profit/Loss: Rs. 96000.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
IDFCBANK	Buy Around 49.10	50.50	1.40	9000	Profit Rs. 13600.00
JIDNALSTEL Fut.	Sell Fut. At 235	225	10	4500	Profit Rs. 45000.0(Super Call)
DABUR (Fut./Opt)	Buy/ Sell- 325 / 6	325 / 6	0 – 0 = 0	2500	Profit Rs. 0.00
HCLTECH (Fut./Opt)	Sell /Buy- 975 / 28	965 / 18	10 – 10 = 0	700	Profit Rs. 0.00
IFCI (Option)	Buy/Sell- 0.25 / 1.1	0.55 / 0.40	.30 +(2*0.7)= 1.70	22000	Profit Rs. 37400.0(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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