Weekly News Letter
Date: 3— 7 April 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: 9173.75 (Up 65.75)
Resistance Levels: 9250, 9500, 9800, 10000, 10300
Support Levels: 8600, 8400, 8200, 7950, 7800
SENSEX:
Last Close: 29421.40 (Up 199.10)
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:
We can see Nifty breaking hurdle of 9200 mark and heading toward
9400 which can be major hurdle in short term. Traders should remain cautious at
higher levels as some pause or profit booking required in the market, which can
happen anytime. One can remain seller in F&O segment with hedge of call
options for short term. Hot sectors for this week: Telecom & Bank.
Hot picks for this week:
TATAPOWER, RPOWER, IDEA, IDFC, SAIL, DABUR, DLF, NTPC, WIPRO,
HEROMOTOCO, TATASTEEL, BHEL, PNB, YESBANK etc.
Last week’s profits:
BHARTIARTL – Rs. 20400.00
IDEA Fut. – Rs. 0.00
IDEA Fut. - Rs. 19250.00
RELCAPITAL Fut. - Rs. 15000.00
BANKNIFTY (Options) – Rs. 2800.00
Trading picks for this week:
SCRIP NAME (CMP)
|
ENTRY LEVEL
|
TGT1
|
TGT2—3
|
SL
|
COMMENTS
|
||
Hot picks for this week
|
|||||||
BHARTIARTL (348.25)
|
Must Buy At 345—338
|
360
|
367—375+
|
331
|
News based buying can be seen, keep tight SL.
|
||
YESBANK
(1551.55)
|
Sell Fut. At 1558—1590
|
1480
|
1450—1420
|
1620
|
Sell on any rise keeping hedge of call options.
|
||
Derivative- Future (Strategy for this
week)
|
|||||||
IDEA (86.20)
|
Must Buy Arnd 85—83
|
90
|
92—95+
|
Bel 81
|
Max Profits: Unlimited
|
Take a risk to buy at dip hedging put option.
|
|
IDEA Put 85 (3.05)
|
Buy when you Buy Fut.
|
Hedging Position
|
Max Loss: Rs. 14000
|
||||
RELCAPITAL (617.55)
|
Sell Around 622—635
|
590
|
578—565
|
Abv 645
|
Max Profits: Unlimited
|
High Risk High Gain strategy for this week.
|
|
RELCAP Call 620 (24.0)
|
Buy when you Sell
Fut.
|
Hedging Position
|
|||||
Max Loss: Rs. 15000
|
|||||||
Derivative- Option Strategy
|
|||||||
BANKNIF Put21000 (170)
|
Must Buy At 150—100
|
Options Trading
strategy with High Risk- High Gain.
|
Max Profits: Unlimited
|
Good strategy for this week, keep spot SL 22300
|
|||
BANKNIF Call22500(42.5)
|
Sell 2
Lots with Put 21000
|
Max Loss: Rs. 10000
|
|||||
Last week’s performance:
Weekly News Letter
(Dated 3--7 April 2017) Performance Report: Maximum Profit/Loss: Rs. 57450.00
SCRIPT
|
TRADE PRICE
|
TGT
|
PROFIT / LOSS
|
UNIT
|
NET Profit / Loss
|
BHARTIARTL
|
Buy Around 338
|
350
|
12
|
1700
|
Profit Rs. 20400.0(Super Call)
|
YESBANK Fut.
|
Sell Fut. At 1558
|
1558
|
0
|
700
|
Profit Rs. 0.00
|
IDEA (Fut./Opt)
|
Buy/ Sell- 85 / 3.50
|
89.75 / 1.5
|
4.75 – 2 = 2.75
|
7000
|
Profit Rs. 19250.00
|
RELCAPITAL (Fut./Opt)
|
Sell /Buy- 625 / 25
|
605 / 15
|
20– 10 = 10
|
1500
|
Profit Rs. 15000.00
|
BANKNIFTY (Option)
|
Sell/Sell- 130 / 47
|
130 / 12
|
0 + (2*35) = 70
|
40
|
Profit Rs. 2800.00
|
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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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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