DAILY EQUITY REPORT 07 AUG 2018
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DAILY MARKET WRAPUP 07 AUG 2018
INDIAN INDICES INDEX
CMP
Change
% Chg
NIFTY
11387.10
26.30
0.23
SENSEX
37691.89
135.73
0.36
-0.16 Index
Current
% Change
Open
High
Low
Prev. Close
AUTO
10,822.80
0.44
10,811.90
10,857.85
10,769.45
10,775.30
FIN SERVICE
11,699.05
0.54
11,684.55
11,734.75
11,670.75
11,636.00
FMCG
31,222.00
-0.65
31,505.95
31,551.35
31,134.95
31,424.95
IT
14,605.55
-0.3
14,694.70
14,731.10
14,572.90
14,649.05
MEDIA
2,879.30
0.4
2,879.65
2,900.00
2,870.60
2,867.85
METAL
3,405.70
0.74
3,399.90
3,423.70
3,387.80
3,380.85
PHARMA
9,408.60
-0.97
9,551.20
9,597.40
9,396.45
9,500.75
PSU BANK
3,323.60
2.61
3,254.95
3,350.95
3,254.95
3,239.00
REALTY
268.80
-0.59
271.65
272.00
268.40
270.40
ENERGY
15,319.25
0.75
15,226.45
15,358.85
15,207.70
15,205.95
INFRA
3,166.50
0.42
3,166.10
3,174.50
3,159.40
3,153.40
MNC
14,621.90
-0.39
14,728.45
14,730.80
14,587.95
14,679.40
PSE
3,698.90
0.12
3,707.30
3,719.55
3,694.60
3,694.50
SERV SECTOR
15,411.85
0.32
15,428.00
15,469.60
15,388.45
15,362.50
GROWSECT 15
7,066.00
0.8
7,028.45
7,075.70
7,025.45
7,009.65
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EPIC RESEARCH– ANALYST SPEAKS 07 AUG 2018
NIFTY RESISTANCE 2
RESISTANCE 1
PIVOT
SUPPORT 1
SUPPORT 2
11451.00
11419.00
11394.00
11362.00
11337.00
The Nifty 50 opened above the 11,400-level for the first time and maintained positive momentum throughout the session on August 6. However, it failed to hold on to opening levels, forming a small bearish candle in intraday trade, resembling a Spinning Top kind of a pattern on daily charts.The index closed higher, but closing value was lower than opening, which indicated that traders preferred to book profits at higher levels. It has to hold 11,400 levels on closing basis, only then strong momentum would be possible so we advice you to buy nifty future around the levels of 11430-35 for the targets of 11500-550 with stoploss below 11280.
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EPIC RESEARCH– ANALYST SPEAKS 07 AUG 2018
BANKNIFTY RESISTANCE 2
RESISTANCE 1
PIVOT
SUPPORT 1
SUPPORT 2
28114.00
28006.00
27886.00
27778.00
27658.00
The Nifty Bank index closed at 27,898.50, up 203 points. The important Pivot level, which will act as crucial support for the index, is placed at 27,778.4, followed by 27,658.3. On the upside, key resistance levels are placed at 28,006.3, followed by 28,114.1. As per the intraday movement 27830 may act as a crucial support level from we can witness a bounce back, here you can go with buy on reversal strategy around the levels of 27830-20 for the targets of 27930-28030 with stoploss below 27750.
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EPIC RESEARCH– ANALYST SPEAKS 07 AUG 2018
SUNPHARMA FUTURE
The particular counter is showing a clear sign of reversal from its higer levels of 590 with stochastic momentum indicator giving a overbought signal, as per the candlestick pattern a bearish engluf candle is found around the reistance level of 590 sell on weakness would be good opportunity to grab so we advice to sell sunpharma around the levels of 582-580 for the targets of 570-560 with stoploss above 588
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EPIC RESEARCH– ANALYST SPEAKS 07 AUG 2018
HINDPETRO FUTURE
The particular script has rebounded from its support level of 204 by making a spinning top candle which is reversal candle and breaked its crucial resistance level of 216.80 ,now it has closed above it with optimum volume so today we can witness a good upside movement here buy on high would be a good opportunity to trade. So we recommend you to buy hindpetro future around 218-219 target 225-230 with stoploss below 215.
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