Epic research weekly equity report 26 dec 2016

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26th DEC. 2016

WEEKLY EQUITY REPORT

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26th DEC. 2016

TOP FIVE GAINERS AND LOSERS

Symbol LTP % Change Traded

Qty Value

(in Lakes) Open High Low

Prev. Close

CIPLA 581.95 3.66 25,85,856 14,814.89 561 589.15 552 561.4

BOSCHLTD 19,880.00 3.35 14,261 2,785.01 19,314.00 19,880.00 19,225.20 19,234.95

MARUTI 5,210.00 2.47 5,89,006 30,262.89 5,050.00 5,214.00 5,041.00 5,084.40

SUNPHARMA 622.65 2.22 61,05,681 38,010.92 614 629.5 611.2 609.15

BAJAJ-AUTO 2,620.00 2.18 1,97,018 5,138.51 2,565.10 2,633.25 2,553.80 2,564.15

Symbol LTP % Change Traded Qty

Value (in Lakes)

Open High Low Prev. Close

AXISBANK 436.2 -2.54 90,18,273 39,840.02 448 449.35 436 447.55

HCLTECH 797.25 -2.43 14,52,634 11,624.56 816 816 791 817.1

EICHERMOT 20,930.00 -1.76 40,958 8,590.24 21,350.00 21,437.80 20,788.00 21,305.35

AUROPHARMA 649 -1.52 22,10,791 14,484.22 663.9 667.15 645.35 659

TECHM 467.15 -1.43 9,42,216 4,425.12 474 477.45 465.25 473.95


26th DEC. 2016

EPIC RESEARCH– ANALYST SPEAKS

STRATEGIES:- In absence of FIIs trader again we saw weakness in market and Nifty finished with 151 points loss in previous week and on weekly chart it created head & shoulder pattern while 7925 is too strong support so below 7900 we can see down fall but for the trading we can buy it around 7980 with strict stop loss of 7890 for target of 8100 8250 and below 7890 we can see 7500 level which will be best selling level.

NIFTY DAILY CANDLESTICK CHART


26th DEC. 2016


STRATEGIES: - Last week Bank Nifty finished at six months lowest level at 100DMA level which is maintaining from last three week and 17552 is 55DMA level so if it breach 17850 level then we can see 250-300 points fall so 17650 will be best buying level with strict stop loss of 17450 for target of 18000 18400.

BANK NIFTY DAILY CANDLESTICK CHART


26th DEC. 2016


Last week IBULHSGFIN future show under pressure during the week and made a low of 628 and close with bearish candlestick in weekly chart, however post the outcome IBULHSGFIN Future strong bounce and close above the support crucial levels of 630 and end of the week risk-off sentiment triggerd sharp retracement in domestic market but IBULHSGFIN is an exception, and stock show continued buying at lower levels. So it’s good we can follow buy on decline strategy. We may see rise for that it will be good to buy around 635-636 for the target of 658-680 with SL of 620.

IBULHSGFIN FUTURE DAILY CANDLESTICK CHART


26th DEC. 2016


Last week AXISBANK future show under pressure during the week and made a low of 437 and close with bearish candlestick in weekly chart. After announcement on bank managers arrested for money laundering has triggered short additions ,and it has made strong short position in last week and open interest in AXIS Bank Future has increased in short side,We expect the addition of short positions to eventually to go downside ahead. So we may see sharp fall for that it will be good to sell below 437 for the target of 427-415 with SL of 457.

AXISBANK FUTURE DAILY CANDLESTICK CHART


26th DEC. 2016

DAILY MARKET WRAPUP

BUY SCRIPT

SCRIPT LEVEL TGT SL

BHEL 120-121 125 130 115

TATAMOTORS 460-462 475 490 450

SELL SCRIPT

SCRIPT LEVEL TGT SL

NMDC 130-131 125 120 136

JET AIRWAYS 368-370 355 335 385


26th DEC. 2016

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Epic research weekly equity report 26 dec 2016

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Transcript of Epic research weekly equity report 26 dec 2016