DAILY EQUITY REPORT 03 JAN 2019
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DAILY MARKET WRAPUP 03 JAN 2019
INDIAN INDICES INDEX
CMP
Change
% Chg
NIFTY
10792
117.60
1.08
SENSEX
35891
363.05
1.00
-0.16 Index
Current
% Change
Open
High
Low
Prev. Close
AUTO
8,902.65
-3.05
9,121.95
9,121.95
8,885.30
9,182.45
FIN SERVICE
11,586.20
-0.99
11,660.40
11,697.85
11,535.95
11,702.05
FMCG
30,195.20
-0.67
30,347.60
30,455.10
29,985.80
30,398.45
IT
14,447.10
-0.03
14,467.40
14,593.85
14,371.00
14,450.90
MEDIA
2,540.50
-1.31
2,561.25
2,575.00
2,511.40
2,574.15
METAL
3,028.45
-3.41
3,095.55
3,097.10
3,021.65
3,135.25
PHARMA
8,839.95
-0.47
8,856.00
8,884.10
8,765.30
8,881.95
PSU BANK
3,077.50
-1.9
3,133.65
3,164.30
3,068.25
3,137.20
REALTY
234.1
-1.43
237.3
238.45
233.5
237.5
ENERGY
14,140.55
-1.45
14,277.50
14,335.80
14,036.30
14,348.00
INFRA
3,143.95
-1.46
3,183.95
3,186.05
3,127.00
3,190.55
MNC
13,689.60
-1.38
13,842.35
13,842.35
13,669.65
13,881.65
PSE
3,343.05
-1.5
3,383.20
3,383.20
3,314.80
3,394.00
SERV SECTOR
14,938.05
-0.79
15,018.70
15,079.90
14,867.95
15,056.90
GROWSECT 15
6,344.30
-1.64
6,425.10
6,425.10
6,312.45
6,450.15
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EPIC RESEARCH– ANALYST SPEAKS 03 JAN 2019
NIFTY RESISTANCE 2
RESISTANCE 1
PIVOT
SUPPORT 1
SUPPORT 2
10967
10879
10807
10719
10647
Last trading session NIFTY Future close on negative note and losing around 1.08%, Due to weak global and domestic cues and nifty give up 10800,Weakness are visible to metal and Auto sectors if we go technically on chart we can clearly see that NIFTY major resistance level around 10980-11000 But not sustain at higher level,and we seen profit booking at higher level and bearish sentiment is strong across sectors.And from a data perspective,During the week highest OI add at 10700 PUT and maximum OI at 10900 CALL option in the week. And volatile moves may continue in the market.So we can follow sell on rise strategy it will be good for the target of 10750-10600 with the SL of 10900 and it's good according to risk reward ratio
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EPIC RESEARCH– ANALYST SPEAKS 03 JAN 2019
BANKNIFTY RESISTANCE 2
RESISTANCE 1
PIVOT
SUPPORT 1
SUPPORT 2
27536
27355
27216
27035
26896
During the Day BANKING FUTURE underperform and close on negative note and losing around 230 with big bearish candlestick in daily chart, And if we go technically on chart we have clearly seen strong resistance level around 27500-27550, And respect this level and we have seen profit booking near this level. Its clearly indicate Banknifty go downside ahead, And PSUBanks assets quality and NPA is major concern so keep that in mind .And from a data perspective create broader range in option traders, So we can follow sell on rise strategy, So we advise you to sell on rise With SL of 27550 for the targets of 27000-26700.
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EPIC RESEARCH– ANALYST SPEAKS 03 JAN 2019
SUNPHARMA FUTURE
Sun Pharma share given breakout of ascending triangle pattern on daily chart, since Nifty was negative due to that it closed only 1.31 per cent gains. Here on daily chart 436 is polarity for Sun Pharma and the last closing is above the same so here we can see 470 level in next week but according to pattern support points is 425 so buy it around 435-437.
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EPIC RESEARCH– ANALYST SPEAKS 03 JAN 2019
TORNT POWER FUTURE
This stock respected to 50DMA level on daily chart and after making low of 254.90 it closed at 257.95 with doji candle since the 252-254 is strong support zone and many time this share has been bounce back from this level so we advise to buy it around 256 for the target of 260 264 with stop loss of 252
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