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Epic research daily equity report 23 december 2016

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Page 1: Epic research daily equity report 23 december 2016

YOUR MINTVISORY Call us at +91-731-6642300

23rd DECEMBER 2016

DAILY EQUITY REPORT

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Page 2: Epic research daily equity report 23 december 2016

YOUR MINTVISORY Call us at +91-731-6642300

23rd DECEMBER 2016

DAILY MARKET WRAPUP

INDIAN INDICES

INDEX CMP Change % Chg

NIFTY 7979.10 -82.20 -1.20

SENSEX 25979.60 -262.78 -1.00

SECTORAL INDICES

Index Current % Change Open High Low Prev. Close

CNX AUTO 8,961.30 -0.57 9,002.70 9,028.30 8,921.05 9,013.00

CNX ENERGY 10,032.35 -1.33 10,138.55 10,142.90 10,022.65 10,168.00

CNX FINANCE 7,235.05 -1.19 7,305.45 7,305.95 7,224.30 7,322.50

CNX FMCG 19,750.25 -0.30 19,755.05 19,813.95 19,664.15 19,809.70

CNX INFRA 2,654.00 -1.88 2,697.25 2,703.10 2,649.25 2,704.75

CNX IT 10,163.00 -0.64 10,210.25 10,251.20 10,084.25 10,228.25

CNX MEDIA 2,544.70 -0.28 2,551.40 2,555.80 2,537.25 2,551.85

CNX METAL 2,630.50 -2.85 2,702.55 2,702.95 2,622.50 2,707.80

CNX MNC 9,331.15 -1.25 9,446.70 9,446.70 9,313.15 9,449.60

NI15 5,030.50 -0.62 5,054.65 5,059.55 5,011.35 5,062.00

CNX PHARMA 10,226.15 -1.31 10,362.05 10,397.65 10,212.75 10,361.60

CNX PSE 3,618.50 -1.57 3,669.85 3,671.50 3,611.70 3,676.40

CNX PSU BANK 3,002.40 -1.90 3,047.10 3,047.55 2,985.10 3,060.45

CNX REALTY 166.80 -0.51 167.30 168.15 165.75 167.65

CNX SERVICE 10,172.95 -1.18 10,270.30 10,278.90 10,150.05 10,294.90

Page 3: Epic research daily equity report 23 december 2016

YOUR MINTVISORY Call us at +91-731-6642300

23rd DECEMBER 2016

EPIC RESEARCH– ANALYST SPEAKS

NIFTY in yesterday trading session remained down and moved around 100 points. The index covered a little loss in the ending hours. Since Nifty has a good neckline support of Head & Shoulders pattern around 7900 and market will see a little correction for the last day of the week so we think Nifty will come up from the lower levels. So we advise you to it on dip around 7920-7900 for the targets of 7980 and 8050 with strict stop loss of 7800.

NIFTY

RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2

8078.30 8028.10 7996.80 7947.20 7915.30

Page 4: Epic research daily equity report 23 december 2016

YOUR MINTVISORY Call us at +91-731-6642300

23rd DECEMBER 2016

EPIC RESEARCH– ANALYST SPEAKS

BANKNIFTY in yesterday trading session moved around 200 points, it has broken the support level of 18000 and closed below it. For today the index is may open in red and may also continue the downtrend as profit booking may be seen today, so we advise you to sell banknifty below 17830 for the targets of 17700 and 17550 with strict stop loss of 18000

BANKNIFTY

RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2

18109.00 18000 17919.00 17810.00 17729.00

Page 5: Epic research daily equity report 23 december 2016

YOUR MINTVISORY Call us at +91-731-6642300

23rd DECEMBER 2016

EPIC RESEARCH– ANALYST SPEAKS

Last trading session RELINFRA Future shown under pressure during the day. And ended with bearish candlestick on daily chart,And

since last session it rose with rising OI in short side, we may seen sharp fall this stock ahead,we will advise to sell below 478 for the

target of 472-460 with stop loss of 488.

RELINFRA FUTURE

Page 6: Epic research daily equity report 23 december 2016

YOUR MINTVISORY Call us at +91-731-6642300

23rd DECEMBER 2016

EPIC RESEARCH– ANALYST SPEAKS

Last trading session BEML future shown positive performance and crossed major resistance level and closed above this level with strong

bullish candle on daily chart. And since last session it rose with rising OI in long side.So we expect the lead to good upside in the stock.

So we advise you to Buy BEML Future above 970 for the target of 980-995 with SL of 955.

BEML FUTURE

Page 7: Epic research daily equity report 23 december 2016

YOUR MINTVISORY Call us at +91-731-6642300

23rd DECEMBER 2016

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