Daily equity report 08 feb 2019 by epic research

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DAILY EQUITY REPORT 08 FEB 2019

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DAILY MARKET WRAPUP 08 FEB 2019

INDIAN INDICES INDEX

CMP

Change

% Chg

NIFTY

11069

+6.90

+0.06

SENSEX

36971

-4.14

-0.01

-0.16 Index

Current

% Change

Open

High

Low

Prev. Close

AUTO

8,736.70

1.98

8,584.60

8,756.25

8,581.00

8,567.40

FIN SERVICE

11,606.50

-0.03

11,622.15

11,685.15

11,576.15

11,610.15

FMCG

30,266.30

0.79

30,091.65

30,319.50

30,034.45

30,029.00

IT

16,085.85

0.19

16,045.55

16,167.85

16,031.15

16,055.60

MEDIA

2,256.65

2.52

2,203.75

2,265.60

2,190.00

2,201.20

METAL

2,835.80

0.1

2,829.85

2,855.05

2,806.60

2,832.95

PHARMA

9,056.15

1.68

8,937.95

9,088.55

8,937.95

8,906.90

PSU BANK

2,940.60

-0.37

2,955.40

3,002.20

2,930.45

2,951.50

REALTY

224.95

-0.07

225.25

227.45

224.45

225.1

ENERGY

1,987.05

0.93

1,971.35

1,991.65

1,965.45

1,968.80

INFRA

15,225.10

-1.1

15,395.30

15,472.65

15,185.50

15,394.15

MNC

13,427.20

0.84

13,350.15

13,440.50

13,322.50

13,315.45

PSE

3,204.05

0.44

3,194.75

3,213.30

3,183.85

3,190.00

SERV SECTOR

15,256.15

-0.05

15,273.70

15,342.45

15,222.45

15,264.30

GROWSECT 15

2,057.32

0.34

2,050.63

2,057.58

2,050.63

2,050.21

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EPIC RESEARCH– ANALYST SPEAKS 08 FEB 2019

NIFTY RESISTANCE 2

RESISTANCE 1

PIVOT

SUPPORT 1

SUPPORT 2

11151

11110

11077

11035

11002

NIFTY -On daily weekly chart we have identify that Head & Shoulder pattern is forming at the top . Head & shoulder & for a short term forming Raising wedge pattern in technical term bearish reversal pattern .Nifty ,in last trading session cross the important resistense level of 11000 with the good volume .Now we expect that nifty may move towards 11100-11130 level. Buy nifty future 11100 Target 11130-11175 sl 11000 .

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EPIC RESEARCH– ANALYST SPEAKS 08 FEB 2019

BANKNIFTY RESISTANCE 2

RESISTANCE 1

PIVOT

SUPPORT 1

SUPPORT 2

27700

27543

27433

27276

27166

BANK NIFTY - On weekly chart we havee seen green spinning top candel formation. Closing of bank nifty above its 200 DEMA level &100 EMA . Our recommendation is Buy Bank nifty in the range of 27000-27050 target 27200/27350 SL 26700 Our view on bank nifty is Bullish .On daily chart Nifty bank traded in the channel line .Earning Season , Company reporting very good result which helps to boost bank nifty .

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EPIC RESEARCH– ANALYST SPEAKS 08 FEB 2019

NIIT TECH FUTURE

NIIT TECH - In NIIT TECH on daily chart as well as weekly we have seen that Buying in this stock by traders as well as investors in last week .Reason behind that fundamentally quarterly result of this company is Excellent & also from technical aspect stock now moving towards to break its previous highs, Stock showing strength in previous week & we hope it will be contiune.Our recommendation is to Buy stock Future in the range 1320 –1322 target will be 1330/1335 SL below 1310.

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EPIC RESEARCH– ANALYST SPEAKS 08 FEB 2019

BHARAT FORG FUTURE

BHARAT FORG – On Weekly chart of Bharat Forg we find the Bullish Engullfing Pattern . We have seen the buying force From its support level .RSI & MACD indicate stock may move upside .Our view is to Buy above 495 For the target of 500/505 Sl 487 .

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DISCLAIMER 08 FEB 2019 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. YOUR MINTVISORY

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