Daily News Letter
Date: 3 May 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
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Perf: http://nse-bse.blogspot.in; http://mcx-ncdex.blogspot.in
Last Close: 9313.80 (Up 9.75)
Resistance Levels: 9400, 9500, 9800, 10000, 10300
Support Levels: 9000, 8700, 8400, 8200, 7950
Last Close: 29921.18 (Up 2.78)
Resistance Levels: 30250, 30700, 31500, 32000, 33000
Support Levels: 29000, 28000, 27000, 26300, 25500
Sensex Range This Week: 29000—30500 above which it will touch 32000+ & Below Target 27500; Good Support Closing Below 27500.
BTST/ STBT in last trade (Fut.):
No Call (Buy – 0, SL – No, Tgt – Later)
Top 10 Equity Derivatives in the Last Session:
Dcbbank, Ibulhsgfin, L&tfh, Lichsgfin, Dhfl, Rdel, Ceatltd, Recltd, Ibrealest, Pel etc.
Market behaved as written in last session and finally market turned red after gap up opening. There will be high volatility in coming days with Nifty facing hurdle above 9400. Most of street is expecting Nifty to touch 10000+ mark soon, but as per our analysis it will face stiff resistance around 9400 on weekly closing basis. Hot Sectors For Today: Metal & Bank.
Trading picks for today:
SCRIP NAME (CMP)
Buy C/Fut. At 58.5—57.5
Good pick among PSU stock, something cooking
Sell C/Fut. At 6730-6800
Ltd upside & highly bought on chart, sell now.
Derivative- Future (Strategy for today)
Must Buy At 170—168
Max Profits: Unlimited
Trade with hedge of options for 1—2 days
ENGINERS Put 170 (5.65)
Buy when you Buy Fut.
Max Loss: Rs. 7000
Sell Around 200—202
Max Profits: Unlimited
High Risk High Gain strategy for 1—2 Days
DCBBANK Call 200 (8.70)
Buy when you Sell Fut.
Max Loss: Rs. 13500
Derivative- Option Strategy
LICHSGFIN Put 700 (14.45)
Buy Around 13—10
Options Trading strategy with High Risk-- High Gain.
Max Profits: Unlimited
Trade the given strategy for 4-6 Days, keep sl 750
LICHSGFIN Call 750 (5.75)
Sell 2 Lots with Put 700
Max Loss: Rs. 25000
RCOM (NSE) (34.40)
Accumulate Arnd 33—30
A good pick for medium to long term, limited downside.
Monthly trading picks:
Monthly trading picks for May 2017
Last Trade (2nd May 2017) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 191970.00 Approx.
Weekly Equity Performance Report (24th – 28th April 2017):
Monthly Performance Equity Calls (April):
Monthly Performance Nifty/ Bank Nifty Calls (April):
Monthly Performance Commodity Calls (April):
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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.
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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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