Epic Research Daily Equity Report Of 08 November 2017

NIFTY

The Nifty closed at 10,350.2 on Tuesday. According to Pivot charts, the key support level is placed at 10,298.73, followed by 10,247.27,for future its 10378. If the index starts to move higher, key resistance levels to watch out are 10,443.73 and 10,537.27. So we recommend to BUY NIFTY FUTURE AROUND 10400 10410 TGT 10450-10500 SL BELOW 10350.

BANKNIFTY

Nifty Bank closed at 25,300.8 on Tuesday. Important Pivot level, which will act as crucial support for the index, is placed at 25,134.53, followed by 24,968.27. On the upside, key resistance level is 25,581.43 followed by 25,862.07. From the Daily chart its clear that its making a bearish engulf pattern which is a clear reversal sign however there could be some corrrection which can take place so we recommend to SELL BANK NIFTY FUTURE AROUND 25474-25480 TGT 25398-25300 SL ABOVE 25550 .

KAJARIACERA FUTURE

From the Daily chart its clear that the stock has made reversal canle (BULLISH ENGULF) at its crucial support level and now its downtrend has exhausted the particular counter has closed just above its 9 peroid EMA. , the only hurdle is 30 period EMA . Today we expect some correction can take place so we recommend to BUY KAJARIACERA FUTURE AROUND 688-690 TGT 705-715 SL BELOW 680.

BHARATFORG FUTURE

Fom the Daily chart its clear that the Bharatforg is continuously making high but slowly the buying strengh is decreasing there is crucial rsistance level at 732 from where it can rebound so we recommend to SELL BHARATFORG FUTURE AROUND 732-735 TGT 725-715 SL ABOVE 742.

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