Daily equity report 31 october 2018 by epic research
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31 OCT 2018
DAILY EQUITY REPORT
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2. YOUR MINTVISORY Call us at +91-731-6642300
31 OCT 2018
DAILY MARKET WRAPUP
INDIAN INDICES
INDEX CMP Change % Chg
NIFTY 10198.40 -52.50 -0.51
SENSEX 33891.13 -176.27 -0.52
-0.16
Index Current % Change Open High Low Prev. Close
AUTO 8,744.60 0.24 8,745.80 8,840.00 8,709.05 8,723.90
FIN SERVICE 10,398.65 -0.7 10,467.75 10,541.65 10,351.70 10,472.45
FMCG 28,271.30 0.05 28,247.40 28,359.30 28,112.00 28,257.50
IT 14,355.85 1.58 14,088.25 14,437.60 14,028.80 14,132.65
MEDIA 2,466.10 1.73 2,421.30 2,480.55 2,407.85 2,424.20
METAL 3,333.05 -1.08 3,377.05 3,380.75 3,327.75 3,369.50
PHARMA 9,535.30 -0.57 9,583.80 9,626.55 9,492.00 9,590.40
PSU BANK 2,846.95 2.47 2,776.45 2,910.90 2,764.20 2,778.40
REALTY 213.5 0.61 211.9 215.3 211.55 212.2
ENERGY 13,660.50 -2.18 13,930.00 13,931.25 13,634.15 13,965.20
INFRA 2,936.40 0.2 2,926.50 2,949.65 2,912.80 2,930.40
MNC 12,739.95 0.85 12,641.15 12,755.10 12,620.40 12,632.25
PSE 3,361.95 -1.17 3,393.95 3,395.25 3,356.55 3,401.80
SERV SECTOR 13,854.45 -0.05 13,846.25 13,976.10 13,807.30 13,860.95
GROWSECT 15 6,119.40 -0.13 6,127.65 6,147.95 6,101.30 6,127.50
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31 OCT 2018
EPIC RESEARCH– ANALYST SPEAKS
The Nifty50 after a negative start managed to show some recovery in first hour of trade itself and hit an intraday high of 10,285.10, but wiped out
those gains in late morning deals and gradually extended losses to hit day's low of 10,175.35 in late trade. If the market is able to sustain above
10,000 levels then it may head towards 10,400 levels in coming sessions, but one should be cautiously optimistic and keep a strict stoploss below
10,020.
NIFTY
RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2
10329.00 10263.00 10219.00 10153.00 10109.00
4. YOUR MINTVISORY Call us at +91-731-6642300
31 OCT 2018
EPIC RESEARCH– ANALYST SPEAKS
Bank nifty bounced back from its crcuail support level of 24470, now the zone 24400-470 provided the much needed support for its
reversal,25430 is the possible level upto which it can rise then the downtrend could be seen so we advice you to buy bank nifty future around
25000-25050 for the targets of 25100-200 with stoploss above 24900.
BANKNIFTY
RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2
25306.00 25056.00 24871.00 24621.00 24436.00
5. YOUR MINTVISORY Call us at +91-731-6642300
31 OCT 2018
EPIC RESEARCH– ANALYST SPEAKS
As per daily chart the particular counter is moving in a downtrend but it has tendency to show pull back ,which it has made from its support level
of 118 recently, buy on dip strategy would be good to go for it so we advice you to buy irb future around 127.50-128 for the targets of 133-138 with
stoploss below 125.
EPIC RESEARCH– ANALYST SPEAKS
IRB FUTURE
6. YOUR MINTVISORY Call us at +91-731-6642300
31 OCT 2018
EPIC RESEARCH– ANALYST SPEAKS
After rbeaking its crucial support level of 1423 the stock has confirmed its bearish continuation movement, yesterday the banking sector showed
upward strength still it followed its downtrend, due to oversold condition a correction could be seen upto the level of 1400-1395 so its better to
wait for your trade so we advice you to sell indusindbk future around 1400-1395 for the targets of 1375-55 with stoploss above 1415.
INDUSINDBK FUTURE
7. YOUR MINTVISORY Call us at +91-731-6642300
31 OCT 2018
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