DAILY EQUITY REPORT 23 AUG 2018
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DAILY MARKET WRAPUP 23 AUG 2018
INDIAN INDICES INDEX
CMP
Change
% Chg
NIFTY
11570.90
19.15
0.17
SENSEX
38285.15
7.00
0.02
-0.16 Index
Current
% Change
Open
High
Low
Prev. Close
AUTO
10,979.25
-0.17
11,038.65
11,074.00
10,967.60
10,997.90
FIN SERVICE
11,706.25
-0.02
11,709.15
11,718.25
11,662.05
11,708.85
FMCG
32,306.40
-0.23
32,455.30
32,534.90
32,240.10
32,379.40
IT
15,134.65
0.92
15,072.45
15,183.25
15,041.85
14,996.10
MEDIA
2,897.60
1.22
2,866.75
2,901.50
2,851.55
2,862.70
METAL
3,466.95
-0.34
3,498.05
3,498.15
3,456.95
3,478.90
PHARMA
9,950.50
1.54
9,839.80
9,992.75
9,745.05
9,799.15
PSU BANK
3,278.35
-0.21
3,296.20
3,303.45
3,247.95
3,285.20
REALTY
272.85
-1.8
278
278.6
272.35
277.85
ENERGY
15,622.40
0.66
15,556.75
15,652.35
15,434.55
15,520.25
INFRA
3,183.55
0.2
3,186.65
3,189.30
3,167.20
3,177.25
MNC
14,837.25
0.21
14,847.90
14,868.25
14,771.05
14,806.45
PSE
3,644.25
0.28
3,648.55
3,652.65
3,624.25
3,633.95
SERV SECTOR
15,516.85
0.14
15,510.35
15,525.25
15,468.15
15,494.95
GROWSECT 15
7,224.25
-0.04
7,247.60
7,252.60
7,205.80
7,227.40
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EPIC RESEARCH– ANALYST SPEAKS 23 AUG 2018
NIFTY RESISTANCE 2
RESISTANCE 1
PIVOT
SUPPORT 1
SUPPORT 2
11616.00
11601.00
11577.00
11562.00
11538.00
Nifty hit again all time high of 11592 but in last trading session the range was too narrow which is showing indecision in market at all time high. Technically it is moving in rising wedge pattern where RSI also in over bought region while if we see candle stick on daily chat it is similar to hanging man pattern so trade with strict stop loss since the trend is positive but according to pattern here we can see 120 points fall from the 11620 so sell Nifty near these level with stop loss of 11700 for the target of 11530.
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EPIC RESEARCH– ANALYST SPEAKS 23 AUG 2018
BANKNIFTY RESISTANCE 2
RESISTANCE 1
PIVOT
SUPPORT 1
SUPPORT 2
28447.00
28363.00
28276.00
28192.00
28105.00
As compare to Nifty Bank Nifty still struggling on daily chart it finished with bearish candle because of the PSU bank still facing selling on every bounce so the if Bank Nifty doesn't cross 28390 level then it will be double top formation due to that we can see short term correction up to the level of 28000-27850.
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EPIC RESEARCH– ANALYST SPEAKS 23 AUG 2018
KTKBANK FUTURE
KTKBANK - Stock is in strong consolidation phase on daily chart with average volumes. It has multiple resistance on daily chart around 128 levels and 200 SMA is also the hurdle on daily chart. We recommend to sell around 128-129 level for the target of 125 with the stop loss of above 131.
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EPIC RESEARCH– ANALYST SPEAKS 23 AUG 2018
KSCL FUTURE
KSCL - Stock has given breakout of consolidation and trading near to swing high on daily chart. It should continue bullish rally in upcoming session. The CCI and RSI are showing strength on daily chart. We recommend to buy around 632 for the target of 650 with the stop loss of 628.
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