Press release
Epic Research Daily Equity Report Of 25 April 2017
NIFTYLast trading session NIFTY Future ended above 9200 after consolidation for more than a week with bullish candlestick in daily chart And also benchmark indices had a ended the day on a positive note, after having a subdued week. And hold 9200 level in future So it’s good we can follow buy on decline strategy. We may see rise for that it will be good to buy around 9170-9180 for the target of 9220- 9250 with SL of 9140.
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BANKNIFTY
Last trading session BANKNIFTY Future show outperformed and cross 21800 level and maintain at higher level and ended with bullish candlestick in daily chart. So we do not expect any sharp decline in the market in near term and volatile moves may continue in the market It’s indicate Bank nifty spot 21400 is major support. We can follow buy on decline strategy it will be good to buy around 21700-21725 for the target of 21850-22000 with SL of 21500.
KSCL FUTURE
Last trading session KSCL future made a high of 577 It’s strong resistance level and close near this level with bullish candlestick in daily chart. It has made strong long position and open interest has increased in long side, We expect the addition of long positions to eventually go to upside ahead. So we advise you to Buy above 580 for the target of 585-595 with SL of 575.
APOLLOTYRE FUTURE
Last trading session APOLLOTYRE future given positive performance And made a high of 242.95 it’s strong resistance level and ended near day’s high with bullish candlestick in daily chart. And since last session it rose with rising OI in long side .we expect the lead to good upside ahead. So we advise you to Buy above 243 for the target of 246-250 with SL of 239.
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