DAILY EQUITY REPORT 24 OCT 2018
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DAILY MARKET WRAPUP 24 OCT 2018
INDIAN INDICES INDEX
CMP
Change
% Chg
NIFTY
10146.80
-98.50
-0.96
SENSEX
33847.23
-287.15
-0.84
-0.16 Index
Current
% Change
Open
High
Low
Prev. Close
AUTO
8,649.15
-0.59
8,648.05
8,719.05
8,577.75
8,700.45
FIN SERVICE
10,321.70
-0.14
10,226.05
10,388.25
10,225.35
10,336.05
FMCG
28,480.60
-1.1
28,596.25
28,797.70
28,403.45
28,797.55
IT
14,014.70
-2.82
14,318.95
14,406.75
13,977.65
14,421.40
MEDIA
2,415.10
-1.84
2,428.50
2,460.30
2,387.95
2,460.25
METAL
3,312.75
-0.81
3,316.45
3,353.05
3,281.60
3,339.65
PHARMA
9,368.25
-2.89
9,612.65
9,633.95
9,335.25
9,646.65
PSU BANK
2,628.85
-1.57
2,647.60
2,662.10
2,618.35
2,670.70
REALTY
204
0.17
201
205.95
200.7
203.65
ENERGY
13,611.85
-0.36
13,550.25
13,698.50
13,423.25
13,661.55
INFRA
2,850.75
0.06
2,830.65
2,862.20
2,816.20
2,849.15
MNC
12,548.10
-1.7
12,701.60
12,702.85
12,469.90
12,765.20
PSE
3,340.75
0.26
3,312.70
3,357.65
3,284.95
3,332.15
SERV SECTOR
13,764.55
-0.81
13,748.40
13,875.80
13,701.85
13,877.25
GROWSECT 15
6,130.85
-1.43
6,182.65
6,202.85
6,106.15
6,220.10
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EPIC RESEARCH– ANALYST SPEAKS 24 OCT 2018
NIFTY RESISTANCE 2
RESISTANCE 1
PIVOT
SUPPORT 1
SUPPORT 2
10276.00
10211.00
10156.00
10091.00
10036.00
The index made a small bullish candle and formed 'Long Legged Doji' pattern on the daily candlestick charts. The Nifty50 after the gap down opening traded range bound and extended losses in the second half of the session to hit an intraday low of 10,102.35. The index managed to recover some losses in late trade but still closed 98.50 points lower at 10,146.80, so we advice you to buy nifty future around 10190-200 for the targets of 10250-300 with stoploss below 10130.
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EPIC RESEARCH– ANALYST SPEAKS 24 OCT 2018
BANKNIFTY RESISTANCE 2
RESISTANCE 1
PIVOT
SUPPORT 1
SUPPORT 2
25300.00
25136.00
24960.00
24796.00
24620.00
Yesterday trading session bank nifty closed with a bull candle repspecting its support level of 24780, as per the intraday movement the bank nifty is maintaining a tendency of rebounding from its support level and reversal from its resistance level ie., (sideways movement) as per the daily chart its clear that from here an upside movement can be found so we advice you to buy on correction nifty bank future around 25150180 for the targets of 25230-25350 with stoploss below 25050.
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EPIC RESEARCH– ANALYST SPEAKS 24 OCT 2018
M&M FUTURE
In the yesterday trading session the stock broke its crucial support level of 725 but due to market volatility it regained its losses and closed with a bullish doji candle above it. From here we can get an early sign of reversal so it would be better to follow buy on dip strategy around 728-730 for the targets of 740-750 with stoploss below 720.
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EPIC RESEARCH– ANALYST SPEAKS 24 OCT 2018
DIVISLAB FUTURE
Yesterday the pharma sector showed a major negative trend from the initial session of the market. From the daily chart divislab is making a clear head and shoulder pattern respecting its nearest support level of 1240. Since few months the market is showing excess volatility in the starting session so it would be better to trade this stock if it maintains its level around 1240-1235 in the first hour of the market so we advice you to sell divislab future around 1238-1235 for the targets of 1220-1200 with stoploss above 1255.
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