- The daily equity report from Dynamic Money Research provides an overview of the performance of key Indian indices and stocks. - The Nifty 50 and Sensex indices ended lower by 0.73% and 0.63% respectively, with declines across most sectoral indices. - The Nifty Bank index closed below 25,000 for the first time since October 30, down 1.09%, as fresh short positions were built up. - Technical recommendations are given to sell ITC and SBIN stocks based on bearish trends and support breaks in their daily charts.

1. DAILY EQUITY REPORT
07, DEC,2017
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2. DAILY EQUITY REPORT
07, DEC,2017
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INDIAN INDICES
INDEX CMP Change %chg
NIFTY 10044.10 -74.20 -0.73
SENSEX 32597.18 -205.26 -0.63
INDEX Current %Change Open High Low Prev. Close
NIFTY BANK 24,851.80 -1.09 25,066.30 25,077.45 24,813.60 25124.85
NIFTYAUTO 11,020.75 -0.72 11,070.80 11,088.20 11,003.95 11,100.55
NIFTY FIN
SERVICE
10119.25 -1.29 10,224.10 10,225.65 10,104.55 10,251.25
NIFTY FMCG 25622.15 -0.29 25,655.15 25,713.50 25,574.45 25,695.65
NIFTY IT 11074.9 0.45 11,024.55 11,099.05 11,006.20 11,025.40
NIFTY MEDIA 3,278.35 -0.41 3,278.85 3,302.55 3,266.05 3,291.70
NIFTY METAL 3,530.75 -1.95 3,556.85 3,559.30 3,521.45 3,601.15
NIFTY PHARMA 8,938.20 -1.16 9,047.85 9,063.25 8,923.55 9,043.15
NIFTY PSU
BANK
3,751.75 -2.10 3,807.75 3,811.45 3,741.90 3,832.30
NIFTY PVT
BANK
13,698.90 -0.90 13,797.85 13,823.20 13,677.55 13,823.80

3. DAILY EQUITY REPORT
07, DEC,2017
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NIFTY
RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2
10157 10113 10083 10038 10008
In today’s trade markets remained under selling pressure as fresh selling escalated after an
announcement of the RBI credit policy. Nifty50 ended at 10,044.10 down 74.15 points and Sensex
closed 205.26 points down at 32,597.18. Nifty index future added fresh open interest to the tune of
~16.5 lakh shares, indicating a massive build-up of short positions. Market breadth favoured declines
with ADV/DEC ratio closing at 1:2x.

4. DAILY EQUITY REPORT
07, DEC,2017
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BANK NIFTY
RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2
25372 25149 25018 24795 24663
Nifty Bank closed below 25000 mark for the first time since October 30. Nifty Bank gave a sharp
recovery in last 2 hours of trade, recovering almost everything that it lost during the day. Nifty bank
close at 24,851.80 down 273.05 points. PSU Bank index closing 80.55 points down. Bank Nifty
index future added fresh open interest to the tune of ~4.5 lakh shares, indicating a massive build-up
of short positions. Tracking the options front, Nifty Bank 25000PE saw an unwinding of 30% in
open interest, indicating a covering of short positions while across the board writing was seen in
major out of the money call option strikes.

5. DAILY EQUITY REPORT
07, DEC,2017
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ITC
RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2
255 253 252 251 249
TECHNICAL VIEW:
BEARISH TREND ON DAILY CHART
DAILY RECOMMENDATION:
SELL ITC BELOW 251 FOR THE TARGET OF 249.50-248 KINDLY KEEP SL OF 254

6. DAILY EQUITY REPORT
07, DEC,2017
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SBIN
RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2
321 317 315 312 309
TECHNICAL VIEW:
SUPPORT BREAKOUT IN DAILY CHART
DAILY RECOMMENDATION:
SELL SBIN BELOW 310.15 FOR THE TARGET OF 309.15-308.15 KINDLY KEEP SL OF 312.15

7. DAILY EQUITY REPORT
07, DEC,2017
info@dmresearch.in
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