Daily equity report 23-07-2018 by epic research

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DAILY EQUITY REPORT 23 JULY 2018

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DAILY MARKET WRAPUP 23 JULY 2018

INDIAN INDICES INDEX

CMP

Change

% Chg

NIFTY

11010.20

53.10

0.48

SENSEX

36496.37

145.14

0.40

-0.16 Index

Current

% Change

Open

High

Low

Prev. Close

AUTO

10,752.70

-0.43

10,803.10

10,845.10

10,700.15

10,799.00

FIN SERVICE

11,270.55

0.55

11,191.10

11,290.30

11,167.30

11,208.70

FMCG

29,281.00

0.23

29,236.25

29,374.85

29,080.10

29,212.50

IT

14,701.40

1.46

14,541.35

14,771.05

14,518.50

14,489.85

MEDIA

2,813.75

-0.46

2,817.35

2,828.40

2,800.20

2,826.65

METAL

3,092.20

-0.4

3,106.05

3,109.75

3,062.25

3,104.60

PHARMA

8,895.25

1.66

8,752.15

8,914.50

8,727.70

8,749.90

PSU BANK

2,802.35

0.44

2,785.40

2,816.85

2,770.05

2,790.05

REALTY

257.1

1.26

254.8

257.7

252.7

253.9

ENERGY

14,542.30

0.77

14,472.40

14,625.35

14,425.80

14,431.30

INFRA

3,032.30

0.61

3,009.70

3,042.90

3,001.30

3,013.80

MNC

14,108.85

0.03

14,119.50

14,175.60

14,041.15

14,104.70

PSE

3,478.70

-0.66

3,491.80

3,493.15

3,461.80

3,501.90

SERV SECTOR

14,997.65

0.65

14,896.50

15,017.90

14,874.35

14,901.50

GROWSECT 15

6,830.20

-0.54

6,872.95

6,887.35

6,821.00

6,867.20

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EPIC RESEARCH– ANALYST SPEAKS 23 JULY 2018

NIFTY RESISTANCE 2

RESISTANCE 1

PIVOT

SUPPORT 1

SUPPORT 2

11079.00

11044.00

10995.00

10960.00

10911.00

From the daily chart its clear that the Nifty future is continuosly rebounding from its major support level of 10940 since seven trading session it has never breaked this level, it had shown aome profit booking in the mid week session ,but on the last trading session it again rebounded from its crcuial support level of 10940 ,so here you can maintain a long position around the level of 11040-11060 for the posibble target of 1200012050 with strict Stoploss below 11000.

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EPIC RESEARCH– ANALYST SPEAKS 23 JULY 2018

BANKNIFTY RESISTANCE 2

RESISTANCE 1

PIVOT

SUPPORT 1

SUPPORT 2

27073.00

26973.00

26845.00

26745.00

26617.00

The Nifty Bank future closed at 26,928.90 on Friday. The important Pivot level, which will act as crucial support for the index, is placed at 26745., followed by 26617. On the upside, key resistance levels are placed at 26973, followed by 27073. As per the daily chart its clear that 26780 is a crucial support level from which it has rebounded multiple times ,on Friday also it had closed above this level so long position can be made around the levels of 26790-26820 for the Target of 26920-27020 with Stoploss below 26700.

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EPIC RESEARCH– ANALYST SPEAKS 23 JULY 2018

SUNPHARMA FUTURE

After breaking its previous support level of 547 the particular script has rebounded from its another support level of 530,and it has clsoed above its resistance level of 560 with a bull candle which has a huge volume ,if today pharma sector shows some positivity then sunpharma will surely continue its uptrend ,so as per the trend Sunpharma future can be bought around 561-562 for the target of 573-590 with Stoploss below 555.

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EPIC RESEARCH– ANALYST SPEAKS 23 JULY 2018

YESBANK FUTURE

After breaking its resistance level of 344 on 5th July the particular counter is in bullish trend and continued upto the level of 391, at this level a bearish harami candle can be found with stockhastic indicator is above 90, this is an overbought condition with a chance of reversal so we advice to sell Yesbank around the level of 385-384 for the target of 380-375 with stoploss above 388.

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DISCLAIMER 23 JULY 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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