Weekly News Letter
Date: 27— 31 March
2017
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: 9108.00 (Down 52.05)
Resistance Levels: 9250, 9500, 9800, 10000, 10300
Support Levels: 8600, 8400, 8200, 7950, 7800
SENSEX:
Last Close: 29421.40 (Down 227.59)
Resistance Levels: 30000, 30700, 31500, 32000, 33000
Support Levels: 27700, 27000, 26300, 25500, 25000
Sensex Range This Week: 30000—28000 above which it will touch
32000+ & Below Target 26500; Good Support Closing Below 27500.
Market Commentary:
Market is shy of 9200 levels in Nifty and unable to sustain this
level. There will be high volatility this week due to F&O expiry, specially
large-cap metals and banking stocks can show profit booking. Any close above
9200 mark in Nifty for two consecutive days will give more power to bulls for
next hurdle around 9400. Hot sectors for this week: Telecom & Bank.
Hot picks for this week:
IDEA, BHARTIARTL, DABUR, ITC, COALINDIA, RELIANCE,
RELCAPITAL, SBIN, YESBANK, RELINFRA, BEL, LT etc.
Last week’s profits:
BHARTIARTL – Rs. 0.00
CENTURYTEX Fut. – Rs. 16500.00
TECHM Fut. - Rs. 0.00
AXISBANK Fut. - Rs. 14400.00
BANKNIFTY (Options) – Rs. 6800.00
Trading picks for this week:
|
SCRIP NAME (CMP)
|
ENTRY LEVEL
|
TGT1
|
TGT2—3
|
SL
|
COMMENTS
|
||
|
Hot picks for this week
|
|||||||
|
IDEA (90.65)
|
Must Buy At 90—87
|
95
|
98—101+
|
85
|
Go long at dip hedging with nearest put options.
|
||
|
RELCAPITAL
(603.05)
|
Sell Fut. At 607—620
|
575
|
563—550
|
632
|
Take a risk to sell on any rise keeping tight SL.
|
||
|
Derivative- Future (Strategy for this
week)
|
|||||||
|
ONGC (192.25)
|
Must Buy Arnd 191-187
|
200
|
204—208+
|
Bel 183
|
Max Profits: Unlimited
|
Very good pick till f&o expiry, trade with SL.
|
|
|
ONGC Put 190 (1.15)
|
Buy when you Buy Fut.
|
Hedging Position
|
Max Loss: Rs. 15000
|
||||
|
LICHSGFIN (600.65)
|
Sell Around 603—617
|
575
|
563—550
|
Abv 630
|
Max Profits: Unlimited
|
High Risk High Gain strategy for this week.
|
|
|
LICHSG Call 600 (7.10)
|
Buy when you Sell
Fut.
|
Hedging Position
|
|||||
|
Max Loss: Rs. 14300
|
|||||||
|
Derivative- Option Strategy
|
|||||||
|
RELIANCE Put1280 (10)
|
Must Buy At Opening
|
Options Trading
strategy with High Risk- High Gain.
|
Max Profits: Unlimited
|
Good strategy for this week, keep spot SL 1320
|
|||
|
RELIANC Call 1320(4.50)
|
Sell 2
Lots with Put 1280
|
Max Loss: Rs. 10000
|
|||||
Last week’s performance:
Weekly News Letter
(Dated 20 -- 24 March 2017) Performance Report: Maximum Profit/Loss: Rs.
37700.00
|
SCRIPT
|
TRADE PRICE
|
TGT
|
PROFIT / LOSS
|
UNIT
|
NET Profit / Loss
|
|
BHARTIARTL
|
Buy Around 340
|
340
|
0
|
1700
|
Profit Rs. 0.00
|
|
CENTURYTEX Fut.
|
Sell Fut. At 1025
|
1010
|
15
|
1100
|
Profit Rs. 16500.0(Super Call)
|
|
TECHM (Fut./Opt)
|
Buy/ Sell- 480 / 10
|
480 / 10
|
0
|
1100
|
Profit Rs. 0.00
|
|
AXISBANK (Fut./Opt)
|
Sell /Buy- 518/ 9.50
|
488 / 1.50
|
20– 8 = 12
|
1200
|
Profit Rs. 14400.00
|
|
BANKNIF (Option)
|
Sell/Sell- 110 / 20
|
260 / 10
|
150 +
(2*10) = 170
|
40
|
Profit Rs. 6800.00
|
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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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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