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DAILY EQUITY REPORT 16 MAY 2018

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DAILY MARKET WRAPUP 16 MAY 2018

INDIAN INDICES INDEX

CMP

Change

% Chg

NIFTY

10801.90

-4.70

-0.04

SENSEX

35543.94

-12.77

-0.04

-0.16 Index

Current

% Change

Open

High

Low

Prev. Close

NIFTY AUTO

11,186.80

-0.77

11,275.65

11,346.80

11,131.20

11,273.75

FIN SERVICE

11,016.65

0.08

11,019.00

11,168.20

10,984.95

11,007.60

NIFTY FMCG

28,352.65

-0.3

28,546.30

28,669.10

28,292.25

28,437.10

NIFTY IT

13,504.95

0.44

13,441.55

13,614.65

13,419.70

13,446.10

NIFTY MEDIA

3,264.70

-0.74

3,286.40

3,321.10

3,239.95

3,289.15

NIFTY METAL

3,711.55

0.26

3,701.60

3,778.90

3,695.30

3,702.05

NIFTY PHARMA

8,401.15

-0.72

8,449.50

8,520.55

8,313.00

8,462.05

NIFTY PSU BANK

2,795.05

-2.37

2,853.70

2,903.85

2,772.65

2,862.85

NIFTY REALTY

300.85

-2

305.1

312.45

299.6

307

NIFTY ENERGY

14,025.00

-0.33

14,048.95

14,244.05

14,006.20

14,071.35

NIFTY INFRA

3,371.95

-0.29

3,371.70

3,429.00

3,355.15

3,381.70

NIFTY MNC

14,254.50

0.08

14,320.40

14,376.30

14,208.35

14,242.75

NIFTY PSE

3,837.55

-0.27

3,850.80

3,894.50

3,833.30

3,848.10

SERV SECTOR

14,524.45

0.18

14,504.45

14,691.30

14,475.75

14,498.50

GROWSECT 15

6,609.40

-0.15

6,638.80

6,671.85

6,588.35

6,619.35

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EPIC RESEARCH– ANALYST SPEAKS 16 MAY 2018

NIFTY RESISTANCE 2

RESISTANCE 1

PIVOT

SUPPORT 1

SUPPORT 2

10985.00

10893.00

10837.00

10745.00

10689.00

The Nifty gave up all gains and closed marginally in the red on Tuesday as uncertainty around who will form the government in Karnataka made investors wary. The index formed an ‘Inverted Hammer’ or a Shooting Star kind of formation on the daily charts.A 'Shooting Star' pattern is formed when the index comes under selling pressure as traders start booking profits at higher levels. This pattern is usually formed in an uptrend and is treated as a reversal pattern, but it would require confirmation before we can conclude that the trend will get reversed in near future ,so we advice to BUY NIFTY FUTURE AROUND 10850-10860 TGT 10900-10950 SL BELOW 10800.

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EPIC RESEARCH– ANALYST SPEAKS 16 MAY 2018

BANKNIFTY RESISTANCE 2

RESISTANCE 1

PIVOT

SUPPORT 1

SUPPORT 2

27182.00

26828.00

26617.00

26263.00

26052.00

The Nifty Bank index closed at 26,413.15. The important Pivot level, which will act as crucial support for the index, is placed at 26195, followed by 25978. On the upside, key resistance levels are placed at 26553, followed by 26654. so we advice you to BUY Nifty Bank future around 26680-26690 tgt 26770-26850 sl below 26600.

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EPIC RESEARCH– ANALYST SPEAKS 16 MAY 2018

TATAMOTORS FUTURE

This particular counter is continuosly maitaining its downtrend below 322 we can get good selling opportunity so sell on low would be a good startegy to follow so we recommend to SELL TATAMOTORS AROUND 322-320 TGT 318-314 SL ABOVE 325.

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EPIC RESEARCH– ANALYST SPEAKS 16 MAY 2018

RELINFRA FUTURE

The particular script has breaked its crucial support level of 405.55, is continuosly maitaining its downtrend and closed below its level so we can get good selling opportunity so sell on low would be a good strategy to follow so we recommend to SELL RELINFRA AROUND 382.50-382 TGT 377-372 SL ABOVE 386.

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Daily equity report 16 may 2018 by epic research  

The Nifty gave up all gains and closed marginally in the red on Tuesday as uncertainty around who will form the government in Karnataka made...

Daily equity report 16 may 2018 by epic research  

The Nifty gave up all gains and closed marginally in the red on Tuesday as uncertainty around who will form the government in Karnataka made...

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