This daily equity report from 08 January 2018 provides an overview of the performance of Indian indices and sectoral indices. It notes that the Nifty closed at 10,504.80, up 61.60 points, while the Sensex closed at 33,969.64, up 176.26 points. Sectoral indices like Nifty Bank and Nifty IT also closed higher. The report provides technical analysis on specific stocks like Bajaj Finance and India Cements, with recommendations to buy these stocks based on the technical indicators. It concludes with standard disclaimers regarding the nature of the recommendations provided in the report.

1. DAILY EQUITY REPORT
08 JAN 2018
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2. DAILY EQUITY REPORT
08 JAN 2018
INDIAN INDICES
INDEX CMP Change %Chg
NIFTY 10558.90 54.10 0.52
SENSEX 34153.85 184.21 0.54
SECTORAL IN-
DICES
Index Current %Change Open High Low Prev. Colse
NIFTY BANK 25601.85 0.55 25524.45 25643.35 25499.55 25462.60
NIFTY AUTO 11929.60 0.73 11894.35 11953.00 11874.60 11843.25
NIFTY FIN SERVICE 10473.25 0.42 10466.15 10490.85 10420.65 10428.95
NIFTY FMCG 26914.30 0.84 26730.40 26946.60 26728.55 26689.60
NIFTY IT 11633.55 0.37 11575.45 11691.45 11541.80 11590.80
NIFTY MEDIA 3529.55 1.45 3485.85 3539.25 3480.75 3479.00
NIFTY METAL 4130.40 0.45 4130.95 4181.65 4119.70 4112.00
NIFTY PHARMA 9701.05 0.70 9666.25 9717.15 9614.20 9633.60
NIFTY PSU BANK 3694.70 -0.69 3760.15 3760.15 3685.30 3720.30
NIFTY PVT BANK 14234.20 0.95 14115.90 14256.65 14106.55 14100.15
NIFTY REALTY 347.30 0.73 346.05 351.45 345.20 344.80

3. DAILY EQUITY REPORT
08 JAN 2018
NIFTY
RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2
10609 10591 10564 10546 10518
Markets continued their upward momentum with all the major indices closing in the
green..NIFTY Close at 10,504.80 UP 61.60 points while SENSEX close at 33,969.64 up 176.26
points.. Broader markets outperformed the benchmark index with Nifty Mid-cap index gaining
1.34% in the trade . Tracking the Nifty options, 10500CE saw an unwinding of short positions,
shedding ~1.3 lakh shares in open interest, while 10600CE added fresh long positions, adding
~6.7 lakh shares in open interest. Advance-decline ratio closed at 4:3x in the favour of ad-
vances. Nifty have a major resistance at the level of 10590-10610.
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4. DAILY EQUITY REPORT
08 JAN 2018
BANKNIFTY
RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2
25756 25696 25608 25548 25461
Nifty Bank Index rises more as RBI may give extra dividend FY18. IDFC Bank (+7), Yes Bank
(+5%), Federal Bank (+3%). Bank Nifty Index added fresh open interest to the tune of 1.89 lakh
shares , indicating a build up of fresh long positions. Bank nifty major resistance would be
25700-25750.at that level some correction may be seen. Above that level new high might be
seen in Bank nifty up to 25800-26000.
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5. DAILY EQUITY REPORT
08 JAN 2018
TECHNICAL VIEW :
BULLISH TREND ON DAILY CHART .
INTRADAY RECOMMENDATION:
BUY BAJFINANCE ABOVE 1828 TGT 1834-1840 SL 1816
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BAJAJ FINANCE
RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2
1869 1845 1804 1780 1738

6. DAILY EQUITY REPORT
08 JAN 2018
INDIA CEMENT
RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2
208 204 198 194 188
TECHNICAL VIEW :
BULLISH TREND ON DAILY CHART
INTRADAY RECOMMENDATION:
BUY INDIACEM ABOVE 200 FOR THE TGT OF 201-202 KINDLY KEEP SL OF 199
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7. DAILY EQUITY REPORT
08 JAN 2018
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