Epic Research Daily Equity Report Of 21 September 2017


From the daily chart its clear that the investors are indecision towards market and its not in a rally (intraday), in intrday NIFTY FUTURE is respecting its 50 EMA which is acting as a crucial support, yesterday from starting nifty was in selling pressure except RELIANCEIND which was supporting it almost lost its momentum due to the huge selling pressure on the energy sector, however NIFTY FUTURE has closed above 10000 mark but below its 7 days EMA (intrday) so we recommend to BUY NIFTY FUTURE 10140-10150 TGT 10170-11000 SL BELOW 10000.


From the daily chart its clear that BANK NIFTY is forming continuosly indecision (doji candle) yesterday the market condition was flat, traders missed the rally also bank nifty was range bound between 25000-24985 and closed above its support level of 25000 , except BANKBARODA FUTURE (2.38%), all the major stocks were running flat, this sideways movement can be seen two

to three days more, this sideways movement is due to investors who are waiting for the FED meeting outcome , so we recommend to BUY BANK NIFTY FUTURE AROUND 24900-25000 TGT 25100-25200 SL BELOW 24800 .


Looking at the daily chart of EXIDEIND FUTURE its clear that its facing a rejection on its uper level of around 228 on the lower level there are two support levels ie., 220 and 218.50 were its rejection we know there is huge selling in market so there buy on support strategy to be followed so we recommend to BUY EXIDIND AROUND 218-220 TGT 225-230 SL BELOW 213 .


From the Daily chart its clear that this stock is continuosly maintaining its closing bell above its 9 peroid conversion line(Tenken Sen) after a week of consolidation this has given a breakout and maintained its buying opportunity on Wednesday it was the market due to which it could not make a good movement but has maintained its important level of 967 just above the kumo cloud in hourly chart also its making a pennant pattern which means its waiting for reason to triggred its upside movement so we recommend to BUY BHARATFIN FUTURE ABOVE 970 for the target of 982-995 with SL BELOW 960.

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