Epic Research Daily Equity Report Of 15 November 2017


NIFTY

The Nifty opened on a muted note and failed to build momentum on the upside as bears took control of D-Street pushing the index below 10,200 on Tuesday.The Nifty closed at 10,186.60 on Tuesday. According to Pivot charts, the key support level is placed at
 10,158.73, followed by 10,130.87. If the index starts to move higher, key resistance levels to watch out are 10,231.23 and10,275.87.Last week NIFTY faced strong profit booking after making new high of 10530, from the high we saw two per cent fall. So the sell NIFTY FUTURE on rise will be good around 10350 for target of 10300-10250 with stop loss of 10400.

BANKNIFTY

The Nifty Bank closed at 25,284.60 on Tuesday, down 73.7 points. Important Pivot level, which will act as crucial support for the index, is placed at 25,203.53, followed by 25,122.46. On the upside, key resistance level is 25,385.23, followed by 25,485.87.
 Bank Nifty was also weak in first three session of previous week but strong result change the direction of Bank nifty where it got support around 25250 and made high of 25667 for FUTURES its 25720 and 25675 are resistance and 25240 and 25315 are its supports since many of events has been discounted in domestic market due to that we can see consolidation so sell on rise wi ll be  good around 25670-25680 for TARGET of 25570-25470 with STOPLOSS of 25750.

RAYMOND FUTURE 

This particular counter of Textile industry is continuosly falling and following down trend. From the daily chart its clar cut sell It has a support level at 928 and Resistance at 942 in cash market . Support level at 930 and Resistance at 941.so we recommend to SELL
RAYMOND FUTURE AROUND 940 TGT 930-920 SL BELOW 948.

SUNPHARMA FUTURE 

FFrom the Daily chart its clear that Sunpharma is continuosly getting rang bound but its trend is sideways to down upside it h as resistance level at 543 & 554 and downside supports are 521&515, if we consider pharma sector then its showing weak and downside
 rally so we recommend to SELL SUNPHARMA FUTURE AROUND 540-541 TGT 530-520 SL ABOVE 548.

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