Daily equity report 07 august 2018 by epic research

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07 AUG 2018
DAILY EQUITY REPORT
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2. YOUR MINTVISORY Call us at +91-731-6642300
07 AUG 2018
DAILY MARKET WRAPUP
INDIAN INDICES
INDEX CMP Change % Chg
NIFTY 11387.10 26.30 0.23
SENSEX 37691.89 135.73 0.36
-0.16
Index Current % Change Open High Low Prev. Close
AUTO 10,822.80 0.44 10,811.90 10,857.85 10,769.45 10,775.30
FIN SERVICE 11,699.05 0.54 11,684.55 11,734.75 11,670.75 11,636.00
FMCG 31,222.00 -0.65 31,505.95 31,551.35 31,134.95 31,424.95
IT 14,605.55 -0.3 14,694.70 14,731.10 14,572.90 14,649.05
MEDIA 2,879.30 0.4 2,879.65 2,900.00 2,870.60 2,867.85
METAL 3,405.70 0.74 3,399.90 3,423.70 3,387.80 3,380.85
PHARMA 9,408.60 -0.97 9,551.20 9,597.40 9,396.45 9,500.75
PSU BANK 3,323.60 2.61 3,254.95 3,350.95 3,254.95 3,239.00
REALTY 268.80 -0.59 271.65 272.00 268.40 270.40
ENERGY 15,319.25 0.75 15,226.45 15,358.85 15,207.70 15,205.95
INFRA 3,166.50 0.42 3,166.10 3,174.50 3,159.40 3,153.40
MNC 14,621.90 -0.39 14,728.45 14,730.80 14,587.95 14,679.40
PSE 3,698.90 0.12 3,707.30 3,719.55 3,694.60 3,694.50
SERV SECTOR 15,411.85 0.32 15,428.00 15,469.60 15,388.45 15,362.50
GROWSECT 15 7,066.00 0.8 7,028.45 7,075.70 7,025.45 7,009.65

3. YOUR MINTVISORY Call us at +91-731-6642300
07 AUG 2018
EPIC RESEARCH– ANALYST SPEAKS
The Nifty 50 opened above the 11,400-level for the first time and maintained positive momentum throughout the session on August 6. However,
it failed to hold on to opening levels, forming a small bearish candle in intraday trade, resembling a Spinning Top kind of a pattern on daily
charts.The index closed higher, but closing value was lower than opening, which indicated that traders preferred to book profits at higher levels.
It has to hold 11,400 levels on closing basis, only then strong momentum would be possible so we advice you to buy nifty future around the
levels of 11430-35 for the targets of 11500-550 with stoploss below 11280.
NIFTY
RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2
11451.00 11419.00 11394.00 11362.00 11337.00

4. YOUR MINTVISORY Call us at +91-731-6642300
07 AUG 2018
EPIC RESEARCH– ANALYST SPEAKS
The Nifty Bank index closed at 27,898.50, up 203 points. The important Pivot level, which will act as crucial support for the index, is placed at
27,778.4, followed by 27,658.3. On the upside, key resistance levels are placed at 28,006.3, followed by 28,114.1. As per the intraday
movement 27830 may act as a crucial support level from we can witness a bounce back, here you can go with buy on reversal strategy around
the levels of 27830-20 for the targets of 27930-28030 with stoploss below 27750.
BANKNIFTY
RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2
28114.00 28006.00 27886.00 27778.00 27658.00

5. YOUR MINTVISORY Call us at +91-731-6642300
07 AUG 2018
EPIC RESEARCH– ANALYST SPEAKS
The particular counter is showing a clear sign of reversal from its higer levels of 590 with stochastic momentum indicator giving a overbought
signal, as per the candlestick pattern a bearish engluf candle is found around the reistance level of 590 sell on weakness would be good opportunity
to grab so we advice to sell sunpharma around the levels of 582-580 for the targets of 570-560 with stoploss above 588
SUNPHARMA FUTURE
EPIC RESEARCH– ANALYST SPEAKS

6. YOUR MINTVISORY Call us at +91-731-6642300
07 AUG 2018
EPIC RESEARCH– ANALYST SPEAKS
The particular script has rebounded from its support level of 204 by making a spinning top candle which is reversal candle and breaked its crucial
resistance level of 216.80 ,now it has closed above it with optimum volume so today we can witness a good upside movement here buy on high
would be a good opportunity to trade. So we recommend you to buy hindpetro future around 218-219 target 225-230 with stoploss below 215.
HINDPETRO FUTURE

7. YOUR MINTVISORY Call us at +91-731-6642300
07 AUG 2018
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