NIFTY -On daily weekly chart we have identify that Head & Shoulder pattern is forming at the top . Head & shoulder & for a short term forming Raising wedge

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DAILY MARKET WRAPUP
INDIAN INDICES
INDEX CMP Change % Chg
NIFTY 10922 -39.10 -0.36
SENSEX 36444 -134.32 -0.37
-0.16
Index Current % Change Open High Low Prev. Close
AUTO 8,675.15 -0.82 8,726.05 8,726.05 8,580.00 8,746.85
FIN SERVICE 11,670.10 -0.4 11,704.80 11,706.95 11,630.80 11,717.35
FMCG 30,507.60 0.07 30,486.30 30,592.40 30,205.35 30,485.00
IT 14,962.60 -0.03 14,927.15 15,019.60 14,814.95 14,966.40
MEDIA 2,343.25 -1.38 2,375.60 2,376.35 2,324.60 2,375.95
METAL 2,880.65 -2.21 2,936.05 2,936.05 2,864.50 2,945.80
PHARMA 8,892.60 1.81 8,791.85 8,903.30 8,783.05 8,734.70
PSU BANK 3,013.45 -0.99 3,045.55 3,048.10 2,998.40 3,043.45
REALTY 236.65 0.74 233.7 236.95 233.4 234.9
ENERGY 1,996.25 -0.49 2,008.70 2,010.70 1,991.35 2,006.00
INFRA 14,949.85 -0.09 14,937.10 15,047.70 14,844.25 14,963.85
MNC 13,491.05 -0.47 13,537.25 13,540.35 13,427.55 13,554.15
PSE 3,251.25 -0.11 3,256.65 3,261.55 3,241.10 3,254.70
SERV SECTOR 15,126.30 -0.33 15,155.15 15,157.00 15,052.55 15,176.05
GROWSECT 15 2,048.19 0.2 2,044.43 2,048.19 2,044.43 2,044.01

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23 JAN 2019
EPIC RESEARCH– ANALYST SPEAKS
NIFTY -On daily weekly chart we have identify that Head & Shoulder pattern is forming at the top . Head & shoulder & for a short term
forming Raising wedge pattern in technical term bearish reversal pattern .Nifty struggling from one month to breach the crusical resistence
level of 11000. Quarterly Earning season started,so nifty moves according to performance of companies may expected. Our strategy on Nifty
Buy for this week may expect nifty breach the level of 11000 . Target 10955/11070
RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2
10971 10939 10895 10863 10819
NIFTY

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23 JAN 2019
EPIC RESEARCH– ANALYST SPEAKS
BANK NIFTY - On weekly chart we havee seen Doji candle formation . Closing of bank nifty above its 200 DEMA level . Our
recommendation is to SELL bank nifty future in range of 27900-28000 target 27700/27500 SL 28300 Our view on bank nifty is
Bearish ,weakness shown from upper level,because on chart we can not seen strength .Even though Nifty bank chart is good as compare to
Nifty 50.On daily chart Nifty bank future forming rising wedge bearish pattern .
BANKNIFTY
RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2
27646 27551 27481 27386 27315

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23 JAN 2019
EPIC RESEARCH– ANALYST SPEAKS
IGL -In IGL on daily chart as well as weekly we have seen the trend line breakout .In last week trading session strong buying force by trader .
Derivative data also suggest that traders are bullish on this .Our recommendation is Buy in range 278-280 Target 282/285 SL 250 Stock is trade
above all its important moving avaerages & volume also support .
EPIC RESEARCH– ANALYST SPEAKS
IGL FUTURE

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23 JAN 2019
EPIC RESEARCH– ANALYST SPEAKS
MCDOWELL-N – Daily chart of MCDOWELL-N looking week .We have seen the trendline breakdown & also stock does not sustain at upper
level . Our recommendation is to sell the stock future from current level Target will be 550 SL 620. RSI & MACD also showing that downtrend
continue in this stock .
MCDOWNLL –N FUTURE

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23 JAN 2019
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