daily equity report by epic research of 8 august 2016
TRANSCRIPT
YOUR MINTVISORY Call us at +91-731-6642300
8th AUGUST 2016
DAILY EQUITY REPORT
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YOUR MINTVISORY Call us at +91-731-6642300
8th AUGUST 2016
DAILY MARKET WRAPUP
INDIAN INDICES
INDEX CMP Change % Chg
NIFTY 8683.15 +132.05 +1.54
SENSEX 28078.35 +363.98 +1.34
SECTORAL INDICES
Index Current % Change Open High Low Prev. Close
CNX AUTO 9,738.65 3.17 9,512.90 9,757.70 9,497.15 9,439.75
CNX ENERGY 9,392.80 2.33 9,235.55 9,407.65 9,233.15 9,179.00
CNX FINANCE 7,766.30 1.82 7,688.85 7,774.20 7,683.45 7,627.50
CNX FMCG 22,151.90 0.36 22,106.30 22,293.45 22,050.70 22,072.35
CNX INFRA 2,928.80 1.39 2,904.35 2,931.15 2,904.35 2,888.70
CNX IT 11,137.05 -0.10 11,177.35 11,226.50 11,091.80 11,148.45
CNX MEDIA 2,826.15 1.70 2,788.35 2,830.00 2,788.25 2,778.80
CNX METAL 2,517.55 2.68 2,477.00 2,520.85 2,477.00 2,451.90
CNX MNC 10,213.45 1.51 10,103.55 10,225.60 10,101.50 10,061.35
NI15 5,574.25 0.91 5,542.75 5,579.65 5,542.75 5,523.85
CNX PHARMA 11,678.90 0.76 11,653.45 11,695.00 11,617.90 11,591.00
CNX PSE 3,453.15 2.10 3,406.05 3,455.90 3,403.80 3,382.25
CNX PSU BANK 2,914.90 2.49 2,870.05 2,923.95 2,870.05 2,843.95
CNX REALTY 211.80 2.39 208.65 212.30 207.55 206.85
CNX SERVICE 11,010.40 1.10 10,956.35 11,017.35 10,944.30 10,890.45
YOUR MINTVISORY Call us at +91-731-6642300
8th AUGUST 2016
EPIC RESEARCH– ANALYST SPEAKS
After opening with a small gap up and hours of steadiness NIFTY in last trading session had a great pull back and finally closed with a good bullish candlestick. Nifty is also showing a good pull back on weekly chart and closed above 8700, above Fibonacci's 78.6% level. It still has a small resistance around 8750. So we advise you to buy it above 8750 for the targets of 8830 and 8900 with strict stop loss 8650.
NIFTY
RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2
8753.50 8718.30 8654.20 8619.00 8554.90
YOUR MINTVISORY Call us at +91-731-6642300
8th AUGUST 2016
EPIC RESEARCH– ANALYST SPEAKS
After breaking support BANKNIFTY in last trading session had a great pull back. And after hours of consolidation it finally closed with a good bullish candlestick So we advise you to buy banknifty above 19050 for the targets of 19150 and 19300 with strict stop loss 18850.
BANKNIFTY
RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2
19093.00 19009.00 18858.00 18774.00 18623.00
YOUR MINTVISORY Call us at +91-731-6642300
8th AUGUST 2016
EPIC RESEARCH– ANALYST SPEAKS
Last trading session M&M future given out-performance in auto sector and stock open flattish note but saw good strength second half of market and close near major resistance level around 3.5% uperside with bullish candlestick in daily chart and since last session it rose with rising OI in long side.We may see sharp rise for that it will be good to buy above 1505 for the target of 15157-1525 with SL of 1490.
M&M FUTURE
YOUR MINTVISORY Call us at +91-731-6642300
8th AUGUST 2016
EPIC RESEARCH– ANALYST SPEAKS
Last Week KOTAKBANK future maintain level 740 and after that stock move in narrow range in whole week but stock last tarding session of previous week given out-performance in whole banking sector and close near major resistance level with bullish candlestick in weekly chart. And since last session it rose with rising OI in long side , So we may see sharp rise for that it will good to buy above 781 for the target of 787-795 with SL of 770 .
KOTAKBANK FUTURE
YOUR MINTVISORY Call us at +91-731-6642300
8th AUGUST 2016
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