Epic Research Weekly Equity Report Of 17 July 2017

NIFTY

STRATEGIES:- Previous week nifty made a new high and close to near high and we seen volatile move into Nifty it got resistance around life time high of 9950-10000 and made high of 9907. Since on weekly chart it moving into rising pattern,but we can see profit booking at higher level so for that we can see some correction ahear so we advise to sell it around 9950-9970 for target 9800-9700 with stop loss of 10020 .

BANKNIFTY

STRATEGIES: As compare to Nifty index bank nifty index was positive ahead of merging process of PSU banks, and made a new high, and last session of previos week it was clearly long build and finished at 23970, so we can seen sharp run up ahead so we advise to follow buy on decline strategy so buy around 23900-23920 for target of 24200-24500 with stop loss of 23600 .

ADANIPORT FUTURE

Last Week ADANIPORT future given positive performance in whole week and last session made a high of 379.35 it’s strong resistance level and clearly show long build up and Future close near weekly high and with bearish candlestick in daily chart. We expect the addition of long build up eventually go to upside ahead. So we advise you to buy above 380 for the target of 390-400 with SL of 370.

BHARATFORG FUTURE

Last week BHARATFORG future move in narrow range whole week but last session of previous week future respect strong resistance level and given positive return and close near resistance level with bullish candlestick in daily chart. and since last session it rose with rising OI in long side, if future cross resistance level. We can see sharp run up ahead, so for that it will be good to buy

around 1105-1110 for the target of 1150-1200 with SL of 1075.

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