Weekly News Letter
Date: 19—23 December 2016
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
Yahoo / GTalk
Messenger: ibnservicesdelhi or ibncommodity
NIFTY:
Last Close: 8139.45 (Down 122.30)
Resistance Levels: 8350,
8500, 8750, 9000, 9250
Support Levels: 8000, 7800, 7500,
7200, 7000
SENSEX:
Last Close: 26489.56 (Down
257.62)
Resistance Levels: 27000,
27500, 28300, 29100, 30000
Support Levels: 26000, 25300,
24000, 23000, 22300
Sensex Range This Week:
26000—27000 above which it will touch 28000 & Below Target 25000; Good
Support Closing Below 26000.
Market Commentary:
Market will remain under pressure
until Nifty closes above 8400 mark for two consecutive days. We can see 7800 in
Nifty and below this 7500—7300 possible. The short term trend remain down and
most of the frontline stocks can show decent decline, if the market falls.Hot
sector this week: Pharma & Oil-Gas.
Hot picks for
this week:
SUNPHARMA, ITC,
RPOWER, IDFC, ALBK, BHEL, JUSTDIAL, RCOM, TATASTL, RELINFRA, TATAMOTORS, ONGC, MARUTI, YESBANK etc.
Last week’s
profits: SUNPHARMA– Rs. 0.00
RELIANCE Fut. – Rs. 5000.00
BHEL Fut. - Rs. 0.00
ONGC Fut. - Rs. 28125.00
MARUTI (Options) – Rs. 12300.00
Trading picks for this week:
|
SCRIP NAME (CMP)
|
ENTRY LEVEL
|
TGT1
|
TGT2—3
|
SL
|
COMMENTS
|
||
|
Hot picks for this week
|
|||||||
|
SUNPHARMA (647.35)
|
Must Buy At 640—625
|
675
|
688—700+
|
610
|
Technical bounce can b seen
crucial support 620
|
||
|
RELIANCE
(1058.35)
|
Sell Fut. At 1065-1090
|
1020
|
1000—980
|
1115
|
One should go short at any rise
hedging with call
|
||
|
Derivative- Future (Strategy
for this week)
|
|||||||
|
BHEL (123.15)
|
Must Buy At 122.5-120
|
127
|
130—133+
|
Bel 117
|
Max Profits: Unlimited
|
Low risk trading pick for this
week, keep SL.
|
|
|
BHEL Put 120 (1.45)
|
Buy when you Buy Fut.
|
Hedging Position
|
Max Loss: Rs. 15000
|
||||
|
ONGC (202.25)
|
Sell Around 204—208
|
194
|
190—186
|
Abv 212
|
Max Profits: Unlimited
|
High Risk High Gain strategy
for this week.
|
|
|
ONGC Call 205 (2.65)
|
Buy when you Sell Fut.
|
Hedging Position
|
|||||
|
Max Loss: Rs. 15000
|
|||||||
|
Derivative- Option Strategy
|
|||||||
|
MARUTI Put 5200 (91.50)
|
Must Buy Arnd 80—60
|
Options Trading strategy with
High Risk- High Gain.
|
Max Profits: Unlimited
|
Good strategy for this week,
keep spot SL 5400
|
|||
|
MARUTI Call 5400 (19.60)
|
Sell 2 Lots with Put 5200
|
Max Loss: Rs. 18000
|
|||||
Last week’s performance:
Weekly News Letter (Dated 19--23 Dec 2016) Performance Report: Maximum Profit/Loss: Rs. 45425.00
|
SCRIPT
|
TRADE PRICE
|
TGT
|
PROFIT / LOSS
|
UNIT
|
NET Profit / Loss
|
|
SUNPHARMA
|
Buy At 625
|
625
|
0
|
600
|
Profit Rs. 0.00
|
|
RELIANCE Fut.
|
Sell Fut. At 1065
|
1055
|
10
|
500
|
Profit Rs. 5000.0
|
|
BHEL (Fut./Opt)
|
Buy At 121 / 1.50
|
120.5 / 2
|
- 0.50 + 0.50 = 0
|
5000
|
Profit Rs. 0.0
|
|
ONGC (Fut./Opt)
|
Sell /Buy- 204 / 3
|
194 / 0.50
|
10 – 2.50 = 7.50
|
3750
|
Profit Rs. 28125.0(Super Call)
|
|
MARUTI (Option)
|
Sell/Sell- 80 / 9
|
150 / 3
|
70 + ( 2 * 6 ) = 82
|
150
|
Profit Rs. 12300.00
|
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.
Important Links
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Nos.: 91- 9899909899 OR 91- 9968443444 OR 91-11-28565999
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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
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Investment / taxation/ legal advice. While the information contained in the
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However, IBN Services does not guarantee the accuracy,
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Equity analysts/ advisors/ strategists of IBN Services are often sought after
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are purely based on their assumption/understanding on fundamental
approach/technical and historic facts on the subject. The views expressed
should not be construed as an offer to buy/sell or hold
equity/commodity/currencies or their derivatives. The views/opinions expressed
is for information purpose only, and may change due to underlying factors,
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IBN Services (Prop. Manish Kumar Sarraf), or subsidiaries of IBN Services
Group, nor its proprietor / directors, employees, agents, representatives shall
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reports/opinion or views.
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dependent relatives’ ownership in the stock – Pls Visit: http://www.ibnservices.in/holdings.php
Analyst
Certification: The matter related to the report has been taken from
sources believed reliable and the views expressed about the subject or issues
in this report accurately reflect the personal views of the analyst/analysts.
IBN Services (Prop. Manish Kumar Sarraf) does not compensate partly or in full,
directly or indirectly, related to specific recommendations or views expressed
by the research analyst / market strategists.
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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