Daily equity report 02 august 2018 by epic research

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02 AUG 2018
DAILY EQUITY REPORT
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2. YOUR MINTVISORY Call us at +91-731-6642300
02 AUG 2018
DAILY MARKET WRAPUP
INDIAN INDICES
INDEX CMP Change % Chg
NIFTY 11346.20 -10.30 -0.09
SENSEX 37521.62 -84.96 -0.23
-0.16
Index Current % Change Open High Low Prev. Close
AUTO 10,890.10 -0.76 10,938.25 11,000.40 10,863.45 10,973.75
FIN SERVICE 11,590.25 -0.62 11,642.35 11,683.55 11,545.30 11,662.90
FMCG 31,175.10 0.54 31,085.85 31,244.75 30,886.45 31,007.25
IT 14,679.35 0.63 14,618.65 14,690.60 14,586.55 14,587.80
MEDIA 2,849.55 0.6 2,842.80 2,873.70 2,835.15 2,832.55
METAL 3,320.00 -0.45 3,337.55 3,374.25 3,295.75 3,335.10
PHARMA 9,301.70 1.33 9,190.45 9,313.05 9,168.50 9,179.40
PSU BANK 3,202.75 0.52 3,190.70 3,224.95 3,139.85 3,186.25
REALTY 3,649.35 0.23 3,650.75 3,669.05 3,636.70 3,641.10
ENERGY 15,245.30 0.63 15,212.00 15,338.30 15,187.85 15,150.20
INFRA 3,149.75 -0.26 3,166.85 3,172.05 3,140.70 3,158.10
MNC 14,638.60 -0.53 14,723.75 14,797.65 14,562.65 14,716.25
PSE 3,646.90 1.01 3,629.50 3,653.25 3,624.35 3,610.60
SERV SECTOR 15,306.60 -0.37 15,358.90 15,390.55 15,260.35 15,363.95
GROWSECT 15 7,054.60 -0.04 7,075.30 7,104.10 7,020.05 7,057.25

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02 AUG 2018
EPIC RESEARCH– ANALYST SPEAKS
The index formed 'Spinning Top' kind of pattern on the daily candlestick charts.Overall it was a volatile session for the market. The Nifty50 after
flat opening at 11,359.80 traded higher and hit fresh intraday record high of 11,390.55, but the rally gradually fizzled out in late morning deals
amid rangebound trade and hit an intraday low of 11,313.55 after the RBI monetary policy announcement. The index closed 10.30 points lower
at 11,346.20.here we advice to sell nifty future on rise around 11400-390 with stop loss of 11450 for the target of 11350-11300.
NIFTY
RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2
11426.00 11386.00 11349.00 11309.00 11272.00

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02 AUG 2018
EPIC RESEARCH– ANALYST SPEAKS
The Nifty Bank future confirmed its downtrend by making a bearish confirmation candle after making a red doji candle , the index is showing
a reversal from its crucial resisatnce level of 27840, it has closed below its support level of 27615 which shows a sign of bearish reversal so we
advice to make a short position around 27540-30 for the targets of 27440-330 with stoploss above 27640.
BANKNIFTY
RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2
37833.00 37677.00 37554.00 37398.00 37275.00

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02 AUG 2018
EPIC RESEARCH– ANALYST SPEAKS
The particular script has rebounded from its support level of 763 and can break its crucial resistance level of 785 ,now it has closed above it with a
good volume so today we can witness a good breakout since it is consolidating around its crucial resistance level around 796.40 here we advice you
to make a long position around 800-805 for the target of 815-830 with stoploss of 795.
SUNTV FUTURE

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02 AUG 2018
EPIC RESEARCH– ANALYST SPEAKS
From the daily chart its clear that the particular script formed a Bullish Candle on daily scale and supports are gradually shifting higher. Now it
has to continue to hold above 167 zones to extend its move towards 172-180 so we advice you to buy around the levels of 167-168 for the target of
172-176 with stoploss below 164.
ONGC FUTURE

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02 AUG 2018
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