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Epic research daily equity report 23 january 2017

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Page 1: Epic research daily equity report 23 january 2017

YOUR MINTVISORY Call us at +91-731-6642300

23rd JANUARY 2017

DAILY EQUITY REPORT

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Page 2: Epic research daily equity report 23 january 2017

YOUR MINTVISORY Call us at +91-731-6642300

23rd JANUARY 2017

DAILY MARKET WRAPUP

INDIAN INDICES

INDEX CMP Change % Chg

NIFTY 8349.35 -85.75 -1.02

SENSEX 27034.50 -274.10 -1.00

SECTORAL INDICES

Index Current % Change Open High Low Prev. Close

CNX AUTO 9,601.00 -1.11 9,684.30 9,716.15 9,590.50 9,709.00

CNX ENERGY 10,407.10 -1.25 10,539.90 10,553.30 10,391.25 10,538.65

CNX FINANCE 7,505.50 -1.59 7,574.55 7,591.15 7,494.55 7,626.70

CNX FMCG 21,641.05 0.03 21,623.90 21,723.35 21,596.60 21,634.15

CNX INFRA 2,841.10 -1.78 2,888.85 2,893.35 2,838.05 2,892.70

CNX IT 10,132.65 -0.88 10,165.50 10,192.70 10,113.20 10,222.15

CNX MEDIA 2,705.05 -1.82 2,754.30 2,762.40 2,697.10 2,755.25

CNX METAL 2,933.10 -2.42 2,996.45 3,009.30 2,922.05 3,005.80

CNX MNC 10,163.95 -0.87 10,231.65 10,266.40 10,136.05 10,253.15

NI15 5,241.15 -0.36 5,247.15 5,262.70 5,231.60 5,260.00

CNX PHARMA 10,307.85 -0.79 10,385.75 10,434.05 10,281.80 10,389.75

CNX PSE 3,903.20 -1.53 3,962.55 3,965.75 3,892.40 3,963.80

CNX PSU BANK 3,040.10 -3.08 3,133.00 3,158.15 3,032.45 3,136.75

CNX REALTY 177.35 -2.23 180.75 182.55 176.90 181.40

CNX SERVICE 10,543.20 -1.19 10,613.50 10,641.05 10,530.10 10,670.20

Page 3: Epic research daily equity report 23 january 2017

YOUR MINTVISORY Call us at +91-731-6642300

23rd JANUARY 2017

EPIC RESEARCH– ANALYST SPEAKS

NIFTY on Friday saw a huge selling pressure due to Trump’s presidential ceremony ahead. The index closed down losing as much as 80 points. It took a perfect turn from 50% level on hourly chart it has given breakout of double bottom. But soon near 8280-8250 it also has support of 200 EMA and Fibonacci’s 38.5% on daily charts. So we advise you to sell it from around 8360-8350 for the targets of 8300 and 8250 with stop loss of 8435.

NIFTY

RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2

8453.90 8401.60 8371.20 8318.90 8288.50

Page 4: Epic research daily equity report 23 january 2017

YOUR MINTVISORY Call us at +91-731-6642300

23rd JANUARY 2017

EPIC RESEARCH– ANALYST SPEAKS

Banknifty on last trading day faced mixed impact of Friday and U.S. presidential ceremony and fell down 280 points. Though the index has support of 100 EMA around 18700 but RSI suggests overall weakness. So we advise you to sell banknifty from around 18880-18850 for the targets of 18750 and 18600 with strict stop loss of 19050

BANKNIFTY

RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT 2

19172.00 18996.00 18894.0 18718.00 18616.00

Page 5: Epic research daily equity report 23 january 2017

YOUR MINTVISORY Call us at +91-731-6642300

23rd JANUARY 2017

EPIC RESEARCH– ANALYST SPEAKS

Last trading session TATAMOTORS future maintain 520 support level but not break this level close near this level with bearish

candlestick in daily chart. And since last session it rose with rising OI in short ,So if stock break previous day low we may see sharp

downfall ahead, For that it will good to sell below 521 for the target of 516-510 with SL of 527.

TATAMOTORS FUTURE

Page 6: Epic research daily equity report 23 january 2017

YOUR MINTVISORY Call us at +91-731-6642300

23rd JANUARY 2017

EPIC RESEARCH– ANALYST SPEAKS

CANBK Future show under pressure during the Day and ended near day’s low with bearish candlestick in daily chart, And since last

session it rose with rising OI in short side, So if stock break previous day low we may see sharp downfall ahead . It will good to sell

below 268 for the target of 265-260 with SL of 277.

CANBK FUTURE

Page 7: Epic research daily equity report 23 january 2017

YOUR MINTVISORY Call us at +91-731-6642300

23rd JANUARY 2017

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