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EPIC RESEARCH : - Daily Equity Report Of 26 May 2016

, 26 May 2016 -- NIFTY FUTURE in yesterday trading session saw a big bull run. Led buy autos, banks and infra stock Nifty moved around 150 points up, even after a gap up opening.

EPIC RESEARCH : - Daily Equity Report Of 26 May 2016

NIFTY DAILY TECHNICAL LEVELS

NIFTY

NIFTY FUTURE in yesterday trading session saw a big bull run. Led buy autos, banks and infra stock Nifty moved around 150 points up, even after a gap up opening. For tomorrow F&O has expiry so Nifty may see some downside, as traders may empty their positions. So we advise you to buy Nifty from some lower levels around 7920 for the targets of 7970 and 8050 with strict stop loss of.


BANKNIFTY

Banknifty in last trading session remained bullish all day and moved more than 400 points. Banknifty still seems to be bullish but because of expiry tomorrow, it may fave small correction. So we advise you to buy Banknifty from around 16900 for the targets of 17000 and 17150 with strict stop loss of 16750.

STOCKS DAILY TECHNICAL LEVELS

ARVIND FUTURE

Last trading session ARVIND future opened gape up and consolidate in first half but Arvind future move very fast and cross major resistance level in second half and made a high of 314.50 and close near day’s high with bullish candlestick in daily chart. since last
session it rose with rising OI % In june series.. We may see sharp rise for that it will be good to buy around 309-310 for the target of 314-318 with SL of 305.

AXISBANK FUTURE

Last trading session AXISBANK future show good strenth and close near day high with bullish candlestick in daily chart. since last session it rose with rising OI around 45.66%, in long side at june series and last day stock cross major resistance level. We may see sharp
rise for that it will be good to buy above 507 for the target of 511-515 with SL of 500.

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Submitted by Epic Research, Epic Research Pvt.Ltd indore on Thursday, 26 May 2016 at 12:24 PM
Category: Business
 
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