Epic Research Weekly Equity Report Of 04 September 2017

NIFTY

STRATEGIES:- Again Nifty bounce back from the support level of 9782 and made higher high and lower high but it came around all time high where it has strong resistance since according to the pattern we can see more upside since it has multiple resistance around 10115-10150 so according to risk reward ratio it can be sell around 10050 with stop loss of 10200 for target of 9800.

BANKNIFTY

STRATEGIES: If we see the weekly chart of Bank Nifty then in August expiry it created bottom around 23900 where it breached this level but again bounced from 23880 since the last week closing at 24483 with bullish hammer candle which is showing buying strength while it has resistance at 25100-25200 and support at 23900 so technically it will be good to buy in decline around 24000- 24100 with stop loss of 23850 for the target of 24600 25000.

ESCORTS FUTURE

ESCORTS Fut was too bullish in last week but at the last session of week it faced strong selling pressure around 55DMA and finished with shooting star pattern due to that we can see more selling in coming session since on daily chart it has support around 635 so sell on rise 660 with stop loss of 675 for target of 640 635 600.

APOLLOHOSP FUTURE

As in last few months Pharma sector faced strong selling pressure due to that many of the share made 52 week low but in last two week we saw some bounce in some stocks but APOLLO HOSPITAL crated bottom around 1052 while last week it finished at 1088 so we advise to buy it around 1060 for target of 1100 1150 with stop loss of 1030.

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