Daily Equity report 03-AUGUST-2018 by Epic Research

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DAILY EQUITY REPORT 03 AUG 2018

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DAILY MARKET WRAPUP 03 AUG 2018

INDIAN INDICES INDEX

CMP

Change

% Chg

NIFTY

11244.70

-101.50

-0.89

SENSEX

37165.16

-356.46

-0.95

-0.16 Index

Current

% Change

Open

High

Low

Prev. Close

AUTO

10,733.65

-1.44

10,859.35

10,859.35

10,698.25

10,890.10

FIN SERVICE

11,459.30

-1.13

11,546.05

11,552.55

11,448.15

11,590.25

FMCG

31,075.25

-0.32

31,137.85

31,364.45

31,003.50

31,175.10

IT

14,552.60

-0.86

14,689.10

14,739.80

14,541.35

14,679.35

MEDIA

2,830.95

-0.65

2,848.35

2,861.65

2,822.50

2,849.55

METAL

3,327.75

0.23

3,313.10

3,352.10

3,265.80

3,320.00

PHARMA

9,424.65

1.32

9,308.90

9,518.70

9,302.55

9,301.70

PSU BANK

3,178.90

-0.74

3,179.55

3,209.10

3,147.45

3,202.75

REALTY

3,639.80

-0.26

3,653.40

3,655.90

3,609.10

3,649.35

ENERGY

15,103.00

-0.93

15,280.20

15,280.20

15,076.65

15,245.30

INFRA

3,135.45

-0.45

3,146.55

3,150.85

3,124.85

3,149.75

MNC

14,541.60

-0.66

14,645.05

14,647.80

14,498.70

14,638.60

PSE

3,669.30

0.61

3,668.10

3,678.10

3,635.60

3,646.90

SERV SECTOR

15,167.00

-0.91

15,273.10

15,282.85

15,153.95

15,306.60

GROWSECT 15

7,009.65

-0.64

7,043.05

7,049.05

6,997.35

7,054.60

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EPIC RESEARCH– ANALYST SPEAKS 03 AUG 2018

NIFTY RESISTANCE 2

RESISTANCE 1

PIVOT

SUPPORT 1

SUPPORT 2

11362.00

11303.00

11268.00

11209.00

11174.00

The index closed sharply lower, forming 'Bearish Belt Hold' pattern on the daily candlestick chart. Weak global cues amid renewed trade war concerns dented market sentiment.The 50-share NSE Nifty after opening at 11,328.90 which was also an intraday high traded sharply lower to break the 11,300-mark and hit an intraday low of 11,234.95.The index closed 101.50 points lower at 11,244.70, but the broader markets outperformed frontliners with the Nifty Midcap index rising 0.1 percent. India VIX moved up by 0.45 percent at 12.58. Overall lower volatility suggests that bulls are likely to hold the market on declines near to major support zones.here we advice to sell nifty future on correction around 11330-320 with stop loss of 11400 for the target of 11250-11180.

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EPIC RESEARCH– ANALYST SPEAKS 03 AUG 2018

BANKNIFTY RESISTANCE 2

RESISTANCE 1

PIVOT

SUPPORT 1

SUPPORT 2

27549.00

27452.00

27389.00

27292.00

27229.00

The Nifty Bank future confirmed its downtrend by making a bearish confirmation candle after making a red doji candle , the index is showing a reversal from its crucial resisatnce level of 27840, it has closed below its support level of 27615 which shows a sign of bearish reversal so we advice to make a short position around 27540-30 for the targets of 27440-330 with stoploss above 27640.

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EPIC RESEARCH– ANALYST SPEAKS 03 AUG 2018

SUNTV FUTURE

The particular script has rebounded from its support level of 763 and can break its crucial resistance level of 785 ,now it has closed above it with a good volume so today we can witness a good breakout since it is consolidating around its crucial resistance level around 796.40 here we advice you to make a long position around 800-805 for the target of 815-830 with stoploss of 795

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EPIC RESEARCH– ANALYST SPEAKS 03 AUG 2018

GRANULES FUTURE

From the daily chart its clear that the particular script formed a Bullish Candle on daily scale and supports are gradually shifting higher. Now it has to continue to hold above 105 zones to extend its move towards 110 so we advice you to buy around the levels of 105-106 for the target of 109113 with stoploss below 102.

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DISCLAIMER 03 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.

We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

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