Daily Equity report 16-August-2018 by Epic Research

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DAILY EQUITY REPORT 16 AUG 2018

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DAILY MARKET WRAPUP 16 AUG 2018

INDIAN INDICES INDEX

CMP

Change

% Chg

NIFTY

11435.10

79.30

0.70

SENSEX

37852.00

207.10

0.55

-0.16 Index

Current

% Change

Open

High

Low

Prev. Close

AUTO

10,803.15

0.43

10,772.10

10,829.15

10,751.75

10,756.70

FIN SERVICE

11,669.85

0.58

11,637.00

11,700.45

11,635.45

11,602.70

FMCG

31,725.25

0.78

31,545.70

31,821.60

31,526.15

31,479.75

IT

15,009.25

0.87

14,927.40

15,090.90

14,872.95

14,880.25

MEDIA

2,856.80

1.41

2,821.80

2,866.45

2,821.80

2,817.10

METAL

3,414.60

0.26

3,427.50

3,444.00

3,392.60

3,405.80

PHARMA

9,481.15

3.21

9,205.90

9,529.45

9,147.60

9,186.60

PSU BANK

3,151.85

0.18

3,170.45

3,194.40

3,135.15

3,146.05

REALTY

275.05

1.98

269.65

275.7

269.55

269.7

ENERGY

15,309.85

1.11

15,169.80

15,356.80

15,121.15

15,141.30

INFRA

3,093.60

-0.64

3,111.05

3,114.55

3,090.40

3,113.65

MNC

14,607.80

0.67

14,528.70

14,643.80

14,516.15

14,510.55

PSE

3,620.80

0

3,625.85

3,634.95

3,606.35

3,620.90

SERV SECTOR

15,471.40

0.55

15,420.35

15,510.20

15,414.55

15,387.10

GROWSECT 15

7,106.45

0.68

7,074.35

7,120.00

7,067.95

7,058.65

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EPIC RESEARCH– ANALYST SPEAKS 16 AUG 2018

NIFTY RESISTANCE 2

RESISTANCE 1

PIVOT

SUPPORT 1

SUPPORT 2

11501.00

11468.00

11419.00

11386.00

11337.00

The Nifty 50 rebounded from two-day losses Tuesday and extended the rally on August 14 despite volatility in the rupee, which breached the 70 to a US dollar-mark.The index closed decisively above the psychological 11,400 levels despite mixed global cues, forming bullish candle on the daily candlestick charts, the traders can make a short position around its crucial resistance levels of 10440-20 for the targets of 11350-300 in nifty future with stoploss above 11480.

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EPIC RESEARCH– ANALYST SPEAKS 16 AUG 2018

BANKNIFTY RESISTANCE 2

RESISTANCE 1

PIVOT

SUPPORT 1

SUPPORT 2

28175.00

28098.00

27976.00

27899.00

27777.00

The Nifty Bank index closed at 28,021.70, up 227.30 points on Tuesday. The important Pivot level, which will act as crucial support for the index, is placed at 27,900.04, followed by 27,778.37. On the upside, key resistance levels are placed at 28,098.24, followed by 28,174.77. as per our suggestion buy on support would be good opportunity here so we advice to buy bank nifty future around 27950-980 for the targets of 28100-27200 with stoploss above 27900.

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EPIC RESEARCH– ANALYST SPEAKS 16 AUG 2018

INFY FUTURE

After showing good strength this particular script has shown weakness aroun its crucial resistacne level of 1425 in future. In the earlier trading session it clsoed with a negative spinning top candle here we can withness a chance of reversal so we advice to short infy around the levels of 142125 for the targets of 1400-1370 with stoploss above 1430.

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EPIC RESEARCH– ANALYST SPEAKS 16 AUG 2018

AUROPHARMA FUTURE

The pharma sector is showed strength on Tuesday , this particular rebounded from its support level of 618 and closed just near its resistance level of 638 here buy on strngth would be good opportunity to grab so we advice to buy auropharma future around the levels of 638-640 for the targets of 650-660 with stoploss below 630.

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DISCLAIMER 16 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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