Weekly News Letter (Dated 7 -- 11 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 : 7 – 11 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: 10618.25 (Down 74.05)

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

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

 

SENSEX:

Last Close:  34915.38 (Down 54.32)

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 may trade between 10750—10550 this week and any side weekly closing will show further 200—300 points movement. The trend remains up for this week but there will be high volatility too due to state elections. Traders can bet long on Psu bank, Pharma and telecom stocks where risk is less as these counters are oversold on daily & weekly charts. Hot sectors this week: Telecom & IT.

 

Hot picks for this week:

CANFINHO, CADILAHC, ADANIENT, ADANIPOWER, HDIL, KAJARIA, UJJIVAN, HINDUNILVR, AXISBANK, TCS, HEXAWARE, MINDTREE etc.

 

Last week's profits:           RNAVAL – Rs. 0.00

                                                PIDILITIND Fut. – Rs. -20000.00

                                                IDEA Fut. - Rs. -10500.00

                                                TATAELXSI Fut. - Rs. 0.00

                                                MINDTREE (Options) – Rs. 28800.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT 1	TGT 2 & 3	SL	COMMENTS
Hot picks for this week
RNAVAL (17.90)	Must Buy Arnd 17.6--17	20	21—22+	16		Worst will be over soon, good to bounce to 30+
PIDILITIND (1075.05)	Sell Fut. At 1080--1105	1030	1010—990	1125		Sell on any rise with hedge nearest call options
Derivative- Future (Strategy for this week)
IDEA (62.90)	Must Buy At 62—60	66	68—70+	Bel 58	Max Profits: Unlimited		All Telecom stocks can blast any day, low risk.
IDEA Put 62.50 (2.75)	Buy when you Buy Fut.	Hedging Position			Min Loss: Rs. 14000
TATAELXSI (1165.95)	Sell Around 1170--1200	1110	1085—1060	Abv 1225	Max Profits: Unlimited		High Risk High Gain strategy for this week.
TATAELX CE1060(39.3)	Buy when you Sell Fut.	Hedging Position
					Min Loss: Rs. 20000
Derivative- Option Strategy
MINDTRE PE1000(33.8)	Must Buy Arnd 30-24	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited		Good strategy for this week, keep spot SL 1100
MINDTRE  CE1100 (15.5)	Sell 1 Lot with PE 1000				Min Loss: Rs. 60000

 

Weekly News Letter (Dated 7 – 11 May 2018) Performance Report: Maximum Profit/Loss: Rs. -1700.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
RNAVAL	Buy Around 17	17	0	9000	Profit Rs. 0.00
PIDILITIND  Fut.	Sell Fut. At 1080	1100	-20	1000	Loss Rs. 20000.00
IDEA (Fut./Opt)	Buy/ Sell- 61 / 2.50	58 / 4	– 3 + 1.50 = -1.5	7000	Loss Rs. 10500.00
TATAELXSI (Fut./Opt)	Sell /Buy- 1190 / 55	1190 / 55	0 – 0= 0	800	Profit Rs. 0.00
MINDTREE (Option)	Buy/Sell- 24 / 20	28 / 10	4 + ( 2 * 10 ) = 24	1200	Profit Rs. 28800.00

 

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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