DAILY EQUITY REPORT 24 AUG 2018
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DAILY MARKET WRAPUP 24 AUG 2018
INDIAN INDICES INDEX
CMP
Change
% Chg
NIFTY
11582.75
11.85
+0.10
SENSEX
38336.76
51.01
+0.13
-0.16 Index
Current
% Change
Open
High
Low
Prev. Close
AUTO
10,959.60
-0.18
10,995.85
11,003.55
10,896.25
10,979.25
FIN SERVICE
11,625.45
-0.69
11,772.00
11,775.70
11,614.95
11,706.25
FMCG
32,600.25
0.91
32,457.60
32,660.60
32,251.95
32,306.40
IT
15,321.95
1.24
15,195.00
15,361.40
15,185.25
15,134.65
MEDIA
2,866.70
-1.07
2,904.05
2,906.60
2,861.45
2,897.60
METAL
3,416.80
-1.45
3,470.65
3,470.95
3,402.35
3,466.95
PHARMA
10,076.80
1.27
10,017.40
10,142.45
9,999.45
9,950.50
PSU BANK
3,238.20
-1.22
3,280.10
3,280.10
3,193.10
3,278.35
REALTY
273.95
0.40
273.75
275.45
271.65
272.85
ENERGY
15,798.50
1.13
15,630.90
15,822.55
15,543.75
15,622.40
INFRA
3,215.10
0.99
3,197.60
3,224.90
3,175.40
3,183.55
MNC
14,991.25
1.04
14,903.60
15,006.25
14,867.40
14,837.25
PSE
3,636.00
-0.23
3,650.25
3,654.85
3,612.75
3,644.25
SERV SECTOR
15,504.15
-0.08
15,599.60
15,602.65
15,484.80
15,516.85
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 24 AUG 2018
NIFTY RESISTANCE 2
RESISTANCE 1
PIVOT
SUPPORT 1
SUPPORT 2
11659.00
11627.00
11590.00
11558.00
11521.00
Nifty future hit again all time high of 11622 then it weak hands created profit booking due to that it slipped form the highs but near the previous day high it again bounced and closed near 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 11630 so sell Nifty near these level with stop loss of 11700 for the target of 11560 11480.
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EPIC RESEARCH– ANALYST SPEAKS 24 AUG 2018
BANKNIFTY RESISTANCE 2
RESISTANCE 1
PIVOT
SUPPORT 1
SUPPORT 2
28470.00
28284.00
28150.00
27964.00
27830.30
Last trading session BANKNIFTY Future closed on negative note with bearish candlestick in daily chart, last session Banknifty made a low of high of 28336.40 it’s strong resistance zone and we have seen some profit booking near this level,So we can see more downside in ucoming session, So we can follow sell on rise strategy it will be good to sell around 28350-28400 for the target of 28100-27850 with SL of 28450
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EPIC RESEARCH– ANALYST SPEAKS 24 AUG 2018
GRANULES FUTURE
Stock has given good closing and it also closed above the resistance level on daily chart. The RSI and CCI are indicating strong buy on daily chart. We recommend to buy from current level for the target of 120 with the stop loss of 113.
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EPIC RESEARCH– ANALYST SPEAKS 24 AUG 2018
MARICO FUTURE
After a short consolidation stock outperformed well with volume breakout on daily chart and it closed near to days high. We recommend to buy from current level for the target of 390 with the stop loss of 380.
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