Daily Equity report 24-JULY-2018 by Epic Research

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DAILY EQUITY REPORT 24 JULY 2018

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DAILY MARKET WRAPUP 24 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 24 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 has finally broken its crucial resistance level of 11073 and closed above it ,here it is showing that now the index has created its new support and resistance level, today it may touch its earlier level of 11080 due to profit booking so we advice you bid a long position around 11070-11090 for target of 11140-11190 sl below 11020.

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EPIC RESEARCH– ANALYST SPEAKS 24 JULY 2018

BANKNIFTY RESISTANCE 2

RESISTANCE 1

PIVOT

SUPPORT 1

SUPPORT 2

27275.00

27141.00

26906.00

26772.00

26537.00

The Nifty Bank closed at 27008.15 on Monday. The important Pivot level, which will act as crucial support for the index, is placed at 26722, followed by 26537. On the upside, key resistance levels are placed at 27141, followed by 27275. 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 26950-26980 for the Target of 27050-27150 with Stoploss below 26850.

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EPIC RESEARCH– ANALYST SPEAKS 24 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 24 JULY 2018

NBCC FUTURE

The particular counter is shwoing a clear sign of reversal from its lower levels of 61.50 with stockhastic momentum indicator showing a bounce back , as per the daily chart the last trading session candle has closed near to its resistance level of 65.55, here long position can be made around 65.55-66 for the possible targets of 68-70 sl below 64.

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DISCLAIMER 24 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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