Daily News Letter
Date: 13 June 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: 9616.40 (Down 51.85)
Resistance Levels: 9700, 9800, 10000, 10300, 10500
Support Levels: 9350, 9150, 9000, 8700, 8400
Last Close: 31095.70 (Down 166.36)
Resistance Levels: 31350, 31800, 32500, 33500, 34000
Support Levels: 30300, 29500, 29000, 28000, 27000
Sensex Range This Week: 30500—32000 above which it will touch 33500+ & Below Target 28500; Good Resistance Closing Abv 31500.
BTST/ STBT in last trade (Fut.):
RELIANCE (Buy – 1320 SL – 1310, Tgt- Later)
Top 10 Equity Derivatives in the Last Session:
Gmrinfra, Mothersumi, Adanipower, Pel, Pfc, Ibrealest, Techm, Tv18brdcst, Infy, Recltd etc.
Market can reverse any day anytime and we can see downside toward 9000 & below but an upside to 10000 too can be seen. Take a risk to go short on rises for next 1—3 months, hedge with call options. All world market including ours is overstretched. We remain bearish in Auto, Bank & Metal sectors for coming months, as all has risen sharply in last 1 year. Hot Sectors For Today: Financial & Media.
Trading picks for today:
SCRIP NAME (CMP) ENTRY LEVEL TGT1 TGT2—3 SL COMMENTS
IDBI (58.25) Buy C/Fut. At 58—57 60 61—62+ 56 A less risky pick for upside towards 70--75 soon
SUNTV (810.00) Sell C/Fut. At 812—820 795 787—779 830 Not much upside left in short term but can fall.
Derivative- Future (Strategy for today)
IDFC (56.50) Must Buy At 56—55 58 59—60+ Bel
54 Max Profits: Unlimited Just go long with hedge of put options.
IDFC Put 55 (0.80) Buy when you Buy Fut. Hedging Position Max Loss: Rs. 13200
APOLLOTY (258.60) Sell Around 260—263 254 251—248 Abv 266 Max Profits: Unlimited High Risk High Gain strategy for 1—2 Days
APOLLOTY Call 260 (7.60) Buy when you Sell Fut. Hedging Position Max Loss: Rs. 9000
WIPRO PUT 520 (9.05) Buy Around 8—6 Options Trading strategy with High Risk-- High Gain. Max Profits: Unlimited Trade the given strategy for 4--6 day with sl 560
WIPRO CALL 560 (2.20) Sell 2 Lots with Put 520 Max Loss: Rs. 15000
RPOWER (NSE) (40.60) Accumulate Arnd 38—35 55 65—80+ A good pick for medium to long term, limited downside.
Monthly trading picks:
Monthly trading picks for June 2017
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Last Trade (12th June 2017) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 93390.00 Approx.
Weekly Equity Performance Report (12th – 16th June 2017):
Monthly Performance Equity Calls (June):
Monthly Performance Nifty/ Bank Nifty Calls (June):
Monthly Performance Commodity Calls (June):
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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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