Weekly News Letter (Dated 21 -- 25 May 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 : 21 – 25 May 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: 10596.40 (Down 210.10)
Resistance Levels: 10850, 11200, 11400, 11600, 12000
Support Levels: 10400, 10200, 10000, 9800, 9600
SENSEX:
Last Close: 34848.30 (Down 687.49)
Resistance Levels: 35600, 36500, 37300, 38000, 40000
Support Levels: 34000, 33200, 32500, 31800, 31000
Sensex Range This Week: 34000—36000 above which it will touch 37000+ & Below Target 33000; Good Resistance Closing Abv 36000.
Market Commentary:
Market may show a bounce this week and we can see weekly closing in green. Nifty will find resistance around 10800 whereas supports are seen at 10500 and 10200 in near term. Next market trigger will be Monsoon which is +ve for the market. Traders can go long in Mid-cap PSU Banks, Adag-Group stocks for short term but keep hedge of options. Hot sectors this week: Bank & Fmcg.
Hot picks for this week:
RCOM, RELINFRA, RELCAPITAL, ALBK, SBIN, ACC, STAR, SYNDIBK, BAJFINANCE, COLPAL, HINUNILVR, KOTAKBANK, ASIANPAINT etc.
Last week's profits: SYNDIBANK – Rs. 45000.00
HINDUNILVR Fut. – Rs. 30000.00
ACC Fut. - Rs. 0.00
JUBLFOOD Fut. - Rs. -5000.00
SBIN (Options) – Rs. 67800.00
Trading picks for this week:
SCRIP NAME (CMP) | ENTRY LEVEL | TGT 1 | TGT 2 & 3 | SL | COMMENTS | |||
Hot picks for this week | ||||||||
SYNDIBANK (43.30) | Must Buy Arnd 43--41 | 47 | 49—52+ | 39.50 | All banking stk specially psu expected bounce | |||
HINDUNILVR (1604.00) | Sell Fut. At 1610--1645 | 1530 | 1500—1470 | 1670 | High risk trader can go short with hedge of opt | |||
Derivative- Future (Strategy for this week) | ||||||||
ACC (1371.20) | Must Buy At 1370--1340 | 1440 | 1470—1500+ | Bel 1310 | Max Profits: Unlimited | Stock is highly oversold on chart, expect bounce | ||
ACC Put 1360 (21.35) | Buy when you Buy Fut. | Hedging Position | Min Loss: Rs. 12000 | |||||
JUBLFOOD (2519.95) | Sell Around 2540--2590 | 2410 | 2360—2310 | Abv 2620 | Max Profits: Unlimited | High Risk High Gain strategy for this week. | ||
JUBLF CE 2550 (40.5) | Buy when you Sell Fut. | Hedging Position | ||||||
Min Loss: Rs. 7500 | ||||||||
Derivative- Option Strategy | ||||||||
SBIN CE 245 (4.75) | Must Buy Arnd 4.5—3 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Good strategy for this week, keep spot SL 325 | ||||
SBIN PE 225 (2.55) | Sell 1 Lot with CE 245 | 3Min Loss: Rs. 60000 | ||||||
| ||||||||
Weekly News Letter (Dated 21 – 25 May 2018) Performance Report: Maximum Profit/Loss: Rs. 137800.00
SCRIPT | TRADE PRICE | TGT | PROFIT / LOSS | UNIT | NET Profit / Loss |
SYNDIBANK | Buy Around 43 | 48 | 5 | 9000 | Profit Rs. 45000.0(Super Call) |
HINDUNILVR Fut. | Sell Fut. At 1615 | 1565 | 50 | 600 | Profit Rs. 30000.00 |
ACC (Fut./ Opt) | Buy/ Sell- 1340 / 25 | 1310 / 55 | – 30 + 30 = 0 | 400 | Profit Rs. 0.0 |
JUBLFOOD (Fut./Opt) | Sell /Buy- 2550 / 55 | 2620 / 105 | – 70 + 50 = -20 | 250 | Loss Rs. 5000.00 |
SBIN (Option) | Buy/Sell- 5.10 / 2.1 | 24.1 / 0.30 | 19 + (2*1.8) = 22.6 | 3000 | Profit Rs. 67800.0(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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Any document /link/ website's, including this report, which is prepared by Manish Kumar Sarraf, the research person & proprietor of IBN Services (Research Analyst, SEBI Reg. No.: INH100001948) is circulated for purely information purpose only to the authorized recipient and should not be replicated or quoted or circulated to any person/corporate or legal entities in any form. This document/ documents/ reports/ opinion should not be interpreted as an Investment / taxation/ legal advice. While the information contained in the report has been procured in good faith, from sources considered to be reliable, all statement/statements/opinion/opinions/view/views in the report may not be considered to be complete or accurate. Therefore, it should only be relied upon at the recipients own risk.
However, IBN Services does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IBN Services especially states that it has no financial liability whatsoever to any user/ member/ customers on account of the use of information provided on its News Letters or websites or through any medium (like: messenger/ sms/ E-mail/ group websites etc.) or any other electronic, print or internet media. You are responsible for your own investment/ trading decisions. IBN Services has no control on transmission of SMS or any form of massage, which are operator or service provider dependent, any delay in delivery is beyond our control and I will not be liable for same.
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I/ We (Manish Kumar Sarraf, Prop.: IBN Services) are registered under SEBI (Research Analyst) Regulation 2014, with Reg. No.: INH100001948
Office Address: IBN Services, (Prop.: Manish Kumar Sarraf)
K-7, 2nd Floor, Bal Udhayan Road, Uttam Nagar, New Delhi-110059, India.
Tel.: 91 11 28565999, Mob.: 91 9899909899, 9968443444 Email: info@ibnservices.in Website: www.ibnservices.in
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posted by NSE_BSE at Friday, May 25, 2018
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