Daily News Letter
Date: 6 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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Perf: http://nse-bse.blogspot.in; http://mcx-ncdex.blogspot.in
Support & Resistance
Last Close: 8897.55 (Down 2.20)
Resistance Levels: 9000, 9250, 9500, 9800, 10000
Support Levels: 8400, 8200, 7950, 7800, 7500
Last Close: 28832.45 (Down 7.34)
Resistance Levels: 29100, 30000, 30700, 31500, 32000
Support Levels: 27000, 26300, 25500, 25000, 24000
Sensex Range This Week: 28500—27500 above which it will touch 29000+ & Below Target 26500; Good Resistance Closing Abv 28500.
BTST/ STBT in last trade (Fut.):
Wipro (Sell – 496, SL – Abv 500, Tgt – 491 & 486—485)
Top 10 Equity Derivatives in the Last Session:
Infratel, Hindalco, Biocon, Gmrinfra, Justdial, Gail, Sintex, Relinfra, Abirlanuvo, Grasim etc.
Market may cheer up in opening trade due to GST news, but global market may show slide today which can trigger selling pressure in our market too. Nifty has immediate hurdle around 9000 but major hurdle will be seen around 9200 mark in short term. Remain cautious with your holdings and long positions. Hot Sectors For Today: Fmcg & Media.
Trading picks for today:
SCRIP NAME (CMP)
Buy C/Fut. At 193—191
Still steam left for upside toward 220—225.
Sell C/Fut. At 730—738
Stock is overbought on chart, limited upside left.
Derivative- Future (Strategy for today)
Must By At 263—260
Max Profits: Unlimited
Low risk pick for short term trade.
ITC Put 260 (4.80)
Buy when you Buy Fut.
Max Loss: Rs. 7200
Sell Around 1035—1046
Max Profits: Unlimited
High Risk High Gain strategy for 1—2 days.
INFY Call 1040 (21.50)
Buy when you Sell Fut.
Max Loss: Rs. 4500
Derivative- Option Strategy
RCOM Call 40 (1.30)
Buy between 1.20—1
Options Trading strategy with High Risk-- High Gain.
Max Profits: Unlimited
Trade the given strategy for 4-6 days, keep sl 35.
RCOM Put 35 (0.80)
Sell 2 Lots with Call 40
Max Loss: Rs. 33000
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 (3rd March 2017) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 29385.00 Approx.
Weekly Equity Performance Report (27th Feb—3rd March 2017):
Monthly Performance Equity Calls (February):
Monthly Performance Nifty/ Bank Nifty Calls (February):
Monthly Performance Commodity Calls (February):
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Any document /link/ website's, including this report, which is prepared by Manish 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 or circulated to any person/corporate or legal entities in any form. This document/ documents/ reports/ opinion should not be interpreted as an Investment / taxation/ legal advice. While the information contained in the report has been procured in good faith, from sources considered to be reliable, all statement/statements/opinion/opinions/view/views in the report may not be considered to be complete or accurate. Therefore, it should only be relied upon at the recipients own risk.
However, IBN Services does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IBN Services especially states that it has no financial liability whatsoever to any user/ member/ customers on account of the use of information provided on its News Letters or websites or through any medium (like: messenger/ sms/ E-mail/ group websites etc.) or any other electronic, print or internet media. You are responsible for your own investment/ trading decisions. IBN Services has no control on transmission of SMS or any form of massage, which are operator or service provider dependent, any delay in delivery is beyond our control and I will not be liable for same.
Research/ Equity analysts/ advisors/ strategists of IBN Services are often sought after for expressing their views on print/electronic/web media. The views expressed 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, related or unrelated or other market conditions and may or may not be updated.
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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.
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