Epic Research

Stocks Ideas for Tomorrow 19 June 2019 by Epic Research

- Stock opened natural and outperformed with volume breakout. It also took the support of the 200 EMA on the daily chart. We recommend buying above 141 for the target of 144 with the stop loss of 139.

- Stock took the support of the trendline on the daily chart and closed in green with good volumes. It also formed a flag pattern on the hourly chart. We recommend buying above 197 for the target of 200 with the stop loss of 195.

- Stock has outperformed well and made new all-time high and closed near to days high. It gave a flag pattern breakout on a closing basis on the daily chart. We recommend buying above 3025 for the target of 3050 with the stop loss of 3000.

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Nifty Outlook by Epic Research

Nifty makes a bullish Harami on the edge of its rising window. After an unusually long bearish candle, we have seen a Bullish Harami being formed on the daily scale. Nifty was able to sustain its previous day low while the day's range was well within the previous candle. A bullish Harami is formed usually on the downside of a range which is a reversal pattern as it indicates exhaustion of the previous trend.

Technically, RSI 14 is below 50 which shows the strength in prices has faded away since the breach of 11800 levels. Also, there is a negative crossover on directional indicators. With that, we have seen a Head and Shoulder pattern breakout on smaller TF which indicates bearish bias.

We believe any pullback in prices shall be seen with the critical approach as it may turn out to be shallow as resistance for Nifty is now placed at 11740 - 11790 area. Previously this was working as support and now may be turned as resistance.

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NIFTY TOP GAINER & TOP LOSERS

TOP GAINERS –

VEDL +2.50%, BPCL +2.08%, COALINDIA +2.00%, ICICIBANK +1.98%, POWERGRID +1.88%.

TOP LOSERS –

IBULHSGFIN – 7.35%, YESBANK – 5.94%, HINDALCO – 1.70%, ASIANPAINT – 1.56%, SUNPHARMA – 1.53%.

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Epic Research Closing Bell

NIFTY CLOSE @ 11691.50 (+19.35)
SENSEX CLOSE @ 39046.34 (+85.55)
BANK NIFTY CLOSE @ 30351.00 (+77.75)

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Epic Research Agri Pack Tips: 18 June 2019

SELL CORIANDER FUTURE JUL BELOW 6970 TARGET 6955 6935 6910 SL ABOVE 7000 CMP 6978

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Epic Research Stock Cash Tips: 18 June 2019

SELL DHFL BELOW 72.5 TARGET 71.60 70. SL ABOVE 73.65 CMP 73

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Rupee opens higher at 69.83 per dollar

The Indian rupee opened higher at 69.83 per dollar on Tuesday versus previous close 69.90.

On June 17 local currency fell 11 paise to end at 69.91 against US dollar on the back of sell-off in domestic equity market amid concerns over trade worries.

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