Epic Research

Tuesday, August 13, 2019

Stocks Ideas for Tomorrow 14th August 2019 by Epic Research

JAICORPLTD - Stock has given the breakout of the trendline on the daily chart with huge volumes. We recommend buying above 80.60 for the target of 82 with the stop loss of 79.50.

SUNPHARMA - Stock took the support of the trendline on the daily chart and closed in green. It also formed an ascending triangle on the daily chart. We recommend buying above 445 for the target of 450 with the stop loss of 440.

ENGINERSIN - Stock formed an ascending triangle on the hourly chart and closed in the green on the daily chart. It also took the support of the 200 EMA on the monthly chart. We recommend buying above 104 for the target of 106 with the stop loss of 102.

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Nifty Outlook by Epic Research

Nifty slips and shaved most of the previous week's gain on the first trading day of the week. The negative global cues and selling pressure at higher levels marked the previous upswing as a probable retest of resistance post breakdown and hence the downward momentum continued.

The big setback and the probable reason for this could be the shaking global markets and cues that we are getting at this point in time. While domestically we have been struggling lately with a credit crunch, higher cost of capital, slowing Auto numbers along with tepid quarterly earnings and FII's exiting; The recent massive fall in Argentine Index of almost 40% in a day, concerns over face-off between JP & SK, Geopolitical concern over HK and CH have added insult to injury. Further, the Asian markets were negative, largely, since morning and this has impacted the broader market as well.

The breadth has been negative since yesterday and any rebound we witnessed last week was seen wiped out as Nifty almost lost all of its previous week's gains.

We believe the bears are here to stay for a while and it won't be easy and quick for the market to recover anytime soon. We remain cautious and maintain our sell on rising approach.

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NIFTY TOP GAINER & TOP LOSERS

TOP GAINERS –

IBULHSGFIN +14.26%, RELAINCE +9.74%, SUNPHARMA +3.87%, GAIL +1.37%, ZEEL +0.37%.

TOP LOSERS –

YESBANK – 10.89%, BAJFINANCE – 6.07%, M&M – 5.87%, BAJAJFINSV – 5.54%, EICHERMOT – 5.35%.

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Epic Research Closing Bell

NIFTY CLOSE @ 10925.85 (-183.80)
SENSEX CLOSE @ 36958.16 (-623.75)
BANK NIFTY CLOSE @ 27729.10 (-702.80)

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Epic Research BEP Pack Tips: 13 August 2019

BUY GOLD ABOVE 38470 TARGET 38510 38560 38620 SL BELOW 38410 CMP 38457

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Epic Research Agri Pack Tips: 13 August 2019

SELL GUARGUM FUTURE SEP BELOW 8639 TARGET 8624 8604 8579 SL ABOVE 8669 CMP 8625

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Epic Research Options - Call and Put Tips: 13 August 2019

BUY APOLLO TYRES LTD AUG Call 160 ABOVE 7 TARGET 7.5 8.20 9.35 SL BELOW 6.15 CMP 6.50

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