Daily News Letter
Date: 20 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
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Last Close: 9160.05 (Up 6.35)
Resistance Levels: 9200, 9250, 9500, 9800, 10000
Support Levels: 8700, 8400, 8200, 7950, 7800
Last Close: 29648.99 (Up 63.14)
Resistance Levels: 29700, 30000, 30700, 31500, 32000
Support Levels: 28000, 27000, 26300, 25500, 25000
Sensex Range This Week: 28000—30000 above which it will touch 31000+ & Below Target 26500; Good Resistance Closing Abv 30000.
BTST/ STBT in last trade (Fut.):
Bhartiartl (Buy – 349, SL – 345, Tgt – Later )
Top 10 Equity Derivatives in the Last Session:
Torntpharma, M&mfin, Tataelxsi, Itc, Torntpower, Recltd, Jetairways, Bharatfin, Pfc, Apollotyres etc.
Nifty neared 9200 mark but could not sustain and almost flat. Next week will show high volatility and if Nifty sustains 9200 then we can see 9400 till expiry, which will act as big hurdle for bulls. Trader should either sit mostly in cash or keep hedge of options with short positions. Hot Sectors For Today: Power & Tyre.
Trading picks for today:
SCRIP NAME (CMP)
Buy C/Fut. At 47.5—46.7
Short covering can be seen, trade with strict SL.
Sell C/Fut. At 200—202
High risk traders can sell on any rise keeping sl.
Derivative- Future (Strategy for today)
Must By At 61.50—60.50
Max Profits: Unlimited
Good pick to go long till F&O expiry.
IDFCBANK Put 60 (8.30)
Buy when you Buy Fut.
Max Loss: Rs. 8000
Sell Around 605—612
Max Profits: Unlimited
High Risk High Gain strategy for 1—2 days.
RELCAP Call 620 (10.00)
Buy when you Sell Fut.
Max Loss: Rs. 9000
Derivative- Option Strategy
NIFTY Put 9100 (41.85)
Buy Around 38—25
Options Trading strategy with High Risk-- High Gain.
Max Profits: Unlimited
Trade the given strategy for 4-6 day, keep sl 9320.
NIFTY Call 9300 (20.15)
Sell 2 Lots with Put 9100
Max Loss: Rs. 5000
RPOWER (NSE) (46.00)
Accumulate Arnd 42-37
A good pick for medium to long term, limited downside.
Monthly trading picks:
Monthly trading picks for March 2017
Buy Around 133—126
Book 50% profit around 146 on 1st March
Last Trade (17th March 2017) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 58617.00 Approx.
Weekly Equity Performance Report (14—17 March 2017):
Monthly Performance Equity Calls (February):
Monthly Performance Nifty/ Bank Nifty Calls (February):
Monthly Performance Commodity Calls (February):
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