Daily Equity report 01-AUGUST-2018 by Epic Research

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DAILY EQUITY REPORT 01 AUG 2018

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DAILY MARKET WRAPUP 01 AUG 2018

INDIAN INDICES INDEX

CMP

Change

% Chg

NIFTY

11356.50

37.00

0.33

SENSEX

37606.58

112.18

0.30

-0.16 Index

Current

% Change

Open

High

Low

Prev. Close

AUTO

10,973.75

0.45

10,946.50

10,988.45

10,888.45

10,925.05

FIN SERVICE

11,662.90

-0.65

11,708.65

11,711.30

11,605.45

11,738.85

FMCG

31,007.25

0.55

30,863.25

31,038.25

30,638.55

30,836.60

IT

14,587.80

1.16

14,432.60

14,617.75

14,386.80

14,420.55

MEDIA

2,832.55

-0.26

2,844.05

2,851.05

2,815.45

2,839.95

METAL

3,335.10

0.45

3,319.05

3,345.55

3,282.15

3,320.30

PHARMA

9,179.40

0.7

9,125.80

9,210.75

9,088.00

9,115.55

PSU BANK

3,186.25

-1.25

3,223.95

3,270.10

3,164.65

3,226.70

REALTY

3,641.10

0.33

3,624.15

3,647.60

3,609.05

3,629.20

ENERGY

15,150.20

1.6

14,897.05

15,197.10

14,854.30

14,911.50

INFRA

3,158.10

0.22

3,147.45

3,164.15

3,128.50

3,151.15

MNC

14,716.25

1.31

14,539.65

14,736.10

14,464.00

14,525.85

PSE

3,610.60

-0.21

3,615.50

3,623.20

3,593.55

3,618.35

SERV SECTOR

15,363.95

-0.16

15,361.40

15,380.80

15,277.65

15,388.20

GROWSECT 15

7,057.25

0.99

7,000.50

7,063.25

6,970.45

6,988.05

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EPIC RESEARCH– ANALYST SPEAKS 01 AUG 2018

NIFTY RESISTANCE 2

RESISTANCE 1

PIVOT

SUPPORT 1

SUPPORT 2

11428.00

11392.00

11329.00

11293.00

11230.00

The index formed bullish candle on the daily charts, which also resembles a 'Hanging Man' kind of pattern on the daily charts. The 50-share NSE Nifty opened lower at 11,311.05 and hit an intraday low of 11,267.75, but it managed to recoup morning losses in the last hour of trade and touched an intraday all-time high of 11,366. The index closed 37 points higher at 11,356.50. India VIX dropped 1.25 percent to 12.43. Overall lower volatility suggests bulls are holding the tight grip on the market here we advice to buy on decline buy around 11280-90 with stop loss of 11200 for the target of 11400-11600.

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EPIC RESEARCH– ANALYST SPEAKS 01 AUG 2018

BANKNIFTY RESISTANCE 2

RESISTANCE 1

PIVOT

SUPPORT 1

SUPPORT 2

27939.00

27851.00

27751.00

27663.00

27563.00

The Nifty Bank index closed at 27,764.15, down 78.45 points on Tuesday. The important Pivot level, which will act as crucial support for the index, is placed at 27,663.94, followed by 27,563.67. On the upside, key resistance levels are placed at 27,851.84, followed by 27,939.47. Now it has to continue to hold above 27,650 zones to extend its move towards 28,000 then 28,250 zones while on the downside major support exists at 27,500-27,400 zones so we advice you make long position around the levels of 27740-60 for the targets of 27850-28950 with sl below 27680.

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EPIC RESEARCH– ANALYST SPEAKS 01 AUG 2018

JSWSTEEL FUTURE

In the earlier trading session this stock surged with good strength and today it can also contunue its movement, this particular counter has a resistance level of 329.50 above this a chance of breakout can be grabbed, so we advice to buy jswsteel future around the levels of 330-331 for the targets of 335-340 with a stoploss below of 328.

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EPIC RESEARCH– ANALYST SPEAKS 01 AUG 2018

PTC FUTURE

From the daily chart its clear that the particular script is moving in a continuos uptrend and has got a support at its important level of 78.60, it had closed above its previous resistance level of 79.70 today if the market shows strength then it is surly a buy so we advice to make a long position in ptc future around 79-79.30 for the target 85-90 with stoploss below 76.

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DISCLAIMER 01 AUG 2018 The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.

Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility.

The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE.

The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks.

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