Weekly News Letter
Date: 2—6 January 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: 8185.80 (Up 200.05)
Resistance Levels: 8200, 8350, 8500, 8750, 9000
Support Levels: 7950, 7800, 7500, 7200, 7000
Last Close: 26626.46 (Up 585.76)
Resistance Levels: 26700, 27200, 27500, 28300, 29100
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 will remain under pressure this week too and one can sell on any rise toward 8200—8250 keeping stop loss at 8350 for downside to 7900 and below soon, this time even 7500 can be seen. Market should bottom out before budget and it will be a good opportunity to buy. Hot sector this week: Airline & Auto.
Hot picks for this week:
IDBI, RPOWER, RCOM, GMRINFRA, JPASSOCIATE, ALBK, SYNDIBK, TATAMOTORS, REKLIANCE, MARUTI, SBIN, ARVIND, CENTURYT etc.
Last week's profits: RPOWER – Rs. 36000.00
RELIANCE Fut. – Rs. 10000.00
JETAIRWAYS Fut. - Rs. 20000.00
MARUTI Fut. - Rs. 7500.00
NIFTY (Options) – Rs. 3000.00
Trading picks for this week:
SCRIP NAME (CMP)
Hot picks for this week
Must Buy At 40.5—39.5
All power stocks can show good upside very soon
Sell Fut. At 1090—1110
Take a risk to sell on rise hedging with options.
Derivative- Future (Strategy for this week)
Must Buy At 344—337
Max Profits: Unlimited
One of the best pick for short term traders.
JETAIR Put 340 (13.90)
Buy when you Buy Fut.
Max Loss: Rs. 7000
Sell Around 5350—5460
Max Profits: Unlimited
High Risk High Gain strategy for this week.
MARU Call5400 (116.7)
Buy when you Sell Fut.
Max Loss: Rs. 15000
Derivative- Option Strategy
NIFTY Put 8200 (124.65)
Must Buy Arnd 110—80
Options Trading strategy with High Risk- High Gain.
Max Profits: Unlimited
Good strategy for this week, keep spot SL 8350
NIFTY Call 8400 (33.85)
Sell 2 Lots with Put 8200
Max Loss: Rs. 10000
Last week's performance:
Weekly News Letter (Dated 2--6 Jan 2017) Performance Report: Maximum Profit/Loss: Rs. 55500.00
PROFIT / LOSS
NET Profit / Loss
Buy At 41.20
Profit Rs. 36000.0(Super Call)
Sell Fut. At 1095
Profit Rs. 10000.00
Buy At 345/ 13
375 / 3
30 - 10 = 20
Profit Rs. 20000.0(Super Call)
Sell /Buy- 5460/160
5560 / 210
– 100 + 50 = - 50
Loss Rs. 7500.00
Sell/Sell- 100 / 35
70 / 40
-30 + ( 2 * 5 ) = 40
Loss Rs. 3000.00
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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