Weekly News Letter (Dated 4 -- 8 June 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 : 4 – 8 June 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: 10696.20 (Up 91.05)

Resistance Levels: 10850, 11200, 11400, 11600, 12000

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

 

SENSEX:

Last Close:  35227.26 (Up 302.39)

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 will remain volatile this week too and all eyes will be on RBI meet in coming days which can show changes in rates this time. Nifty will face resistance around 10750 and support around 10500 crossing beyond which can show 200—300 points further movements. Hot sectors this week: Oil-Gas & IT.

 

Hot picks for this week:

DABUR, ASHOKLEY, RELIANCE, RELCAPITAL, ICICIBANK, RCOM,  TECHM, TCS, INFY, ULTRACEMCO, HEROMOTO, APOLLOTYRE etc.

 

Last week's profits:           ONGC – Rs. 15000.00

                                                JUSTDIAL Fut. – Rs. 126000.00

                                                ENGINERSIN Fut. - Rs. 15750.00

                                                JINDALSTEL Fut. - Rs. 6750.00

                                                HINDPETRO (Options) – Rs. 9450.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT 1	TGT 2 & 3	SL	COMMENTS
Hot picks for this week
ONGC (172.80)	Must Buy Arnd 171-167	180	185—190+	163		Low risk pick for short term upside to 200+
JUSTDIAL (569.85)	Sell Fut. At 574—588	545	533—521	600		Traders can sell on any rise hedging call option
Derivative- Future (Strategy for this week)
ENGINERSIN (133.90)	Must Buy At 132—129	139	143—147+	Bel 126	Max Profits: Unlimited		Short covering can be seen, can rise to 140+
ENGINER Put 130 (3.2)	Buy when you Buy Fut.	Hedging Position			Min Loss: Rs. 10500
JINDALSTEL (227.50)	Sell Around 230—236	217	211—205	Abv 242	Max Profits: Unlimited		High Risk High Gain strategy for this week.
JINDAL CE 230 (11.60)	Buy when you Sell Fut.	Hedging Position
					Min Loss: Rs. 13500
Derivative- Option Strategy
HINDPET CE 320 (11.0)	Must Buy Arnd 10—7	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited		Good strategy for this week, keep spot SL 280
HINDPETR  PE 280 (4.55)	Sell 1 Lot with CE 320				Min Loss: Rs. 30000

 

Weekly News Letter (Dated 4 – 8 Jun 2018) Performance Report: Maximum Profit/Loss: Rs. 166200.0

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
ONGC	Buy Around 169.50	173.50	4	3750	Profit Rs. 15000.0
JUSTDIAL  Fut.	Sell Fut. At 595	505	90	1400	Profit Rs. 126000.0(Super Call)
ENGINERSI (Fut./ Opt)	Buy/ Sell- 129 / 5	135 / 3.50	6 – 1.50 = 4.50	3500	Profit Rs. 15750.0
JINDALSTEL (Fut./Opt)	Sell /Buy- 233 / 13	242 / 19	– 9 + 6= - 3	2250	Loss Rs. 6750.00
HINDPETRO (Option)	Buy/Sell- 10 / 8	10 / 5	0 + (2*3) = 6	1575	Profit Rs. 9450.00

 

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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