Weekly News Letter (Dated 30 Apr -- 4 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 : 30 Apr – 4 May 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: 10692.30 (Up 128.25)

Resistance Levels: 10700, 10850, 11200, 11400, 11600

Support Levels: 10400, 10200, 10000, 9800, 9600

 

SENSEX:

Last Close:  34969.70 (Up 554.12)

Resistance Levels: 35000, 35500, 36500, 37300, 38000

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 35000.

 

Market Commentary:

Nifty will face tough resistance around 10700—10750 closing above which all time new high will be seen soon. Any short positions should be covered at any dip in Nifty toward 10600—10550 this week if Nifty manages to close above 10750 any day this week. All Adag, Telecom, Oil marketing & pharma stocks can show good short covering with the market. Hot sectors this week: R-Group & IT.

 

Hot picks for this week:

RCOM, SUNPHARMA, CADILAHC, BATAINDIA, TATAMOTOR, IDEA, HINDUNILVR, NIITTECH, TECHM, MARUTI, JUBLFOOD, AXISBK etc.

 

Last week's profits:           RCOM – Rs. 81200.00

                                                CHOLAFIN Fut. – Rs. 62500.00

                                                BATAINDIA Fut. - Rs. -5500.00

                                                MINDTREE Fut. - Rs. 66000.00

                                                NIFTY (Options) – Rs. 10550.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT 1	TGT 2 & 3	SL	COMMENTS
Hot picks for this week
RCOM (15.80)	Must Buy Arnd 15.5--15	18	20—22+	14.50		Though stk has fallen but bounce will be quick
CHOLAFIN (1750.05)	Sell Fut. At 1760-1800	1670	1640—1600	1840		Limited upside left sell with hedging call option
Derivative- Future (Strategy for this week)
BATAINDIA (797.25)	Must Buy At Openign	840	860—880+	Bel 760	Max Profits: Unlimited		Go long at any dip till 780 for bounce to 900+
BATAIND Put 780 (19.5)	Buy when you Buy Fut.	Hedging Position			Min Loss: Rs. 20000
MINDTREE (1047.20)	Sell Around 1050-1075	1000	980—950	Abv 1100	Max Profits: Unlimited		High Risk High Gain strategy for this week.
MINDT CE 1060 (35.0)	Buy when you Sell Fut.	Hedging Position
					Min Loss: Rs. 30000
Derivative- Option Strategy
NIFTY PE 10700 (131.8)	Must Buy Arnd 110-70	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited		Good strategy for this week, keep spot SL 11000
NIFTY  CE 10900 (57.25)	Sell 1 Lot with Pe 10700				Min Loss: Rs. 15000

 

Weekly News Letter (Dated 30 Apr – 4 May 2018) Performance Report: Maximum Profit/Loss: Rs. 214750.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
RCOM	Buy Around 15	17.90	2.90	28000	Profit Rs. 81200.0(Super Call)
CHOLAFIN  Fut.	Sell Fut. At 1770	1645	125	500	Profit Rs. 62500.0(Super Call)
BATAINDIA (Fut./Opt)	Buy/ Sell- 805 / 18	790 / 28	– 15 + 10 = -5	1100	Loss Rs. 5500.00
MINDTREE (Fut./Opt)	Sell /Buy- 1090 / 55	1005 / 25	85 – 30= 55	1200	Profit Rs. 66000.0(Super Call)
NIFTY (Option)	Buy/Sell- 100 / 80	160 / 40	60+(2*40) = 140	75	Profit Rs. 10550.00

 

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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