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EPIC RESEARCH : Special-Report Of 23 May 2018

, 23 May 2018 -- US stocks ended lower on Tuesday, weighed down bylingering uncertainty over the outcome of trade talks between the United States and China and declines in energy and industrial shares.

Global markets at a glance

US stocks ended lower on Tuesday, weighed down by lingering uncertainty over the outcome of trade talks between the United States and China and declines in energy and industrial shares.

President Donald Trump on Tuesday said he was not pleased with recent trade talks between the United States and China and earlier said there was no deal yet with China on ZTE Corp .

Trump floated a plan to fine ZTE and shake up its management after his administration considering rolling back more severe penalties imposed for violating U.S. sanctions by shipping goods to Iran.

Asian shares edged up on Wednesday but investors were cautious after U.S. President Donald Trump tempered optimism over progress made so far in trade talks between the world's two largest economies.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.15 percent while Japan's Nikkei lost 0.2 percent.

On Wall Street, the S&P 500 shed 0.31 percent overnight, losing steam after hitting a two-month high.

Previous day Roundup

The Nifty recouped early losses but managed to snap its 5- days losing streak on Tuesday. The index moved in a narrow range of nearly 70 points and made a small bullish candle on the daily charts which also resembles a ‘Spinning Top’ kind of pattern on charts.

The Nifty index opened at 10,518 and slipped to an intraday low of 10,490 but then bulls took charge and pushed the index back above 10,500. The index made an intraday high of 10,558 before closing the day 20 points higher at 10,536.The Nifty closed below its 100-days moving average and 50-DEMA which does not augur well for the bulls. The bulls will only gain strength once Nifty closes above its 5-DEMA placed around 10,600.

Index stats

The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[11.70], Consum ptio n[25.60pts],PSE[3.40pts],CPSE[-0.30 p t s ] , E n e r g y [- 5 7 . 0 0 p t s ] , F M C G [ - 8 0 . 3 5 p t s ] , A u t o [180.55pts],Pharma[135.70pts],IT[0.70pts],Metal [62.55pts],Realty[3.60 pts], Fin Serv sector[27.90 pts].

RECOMMENDATIONS [FUTURE]

1. ASHOKLEY [FUTURE ]

The particular script has rebounded from its support level of 133 and closed with a good volume since it has clsoed above its previous day 50% candle so we can remark a good bullish sign here we advice you to BUY ASHOKLEY AROUND 144- 144.50 TGT 148-150 SL BELOW 142.




2. IDEA [FUTURE]

After consolidating at its lower level a bullish breakout candle is found at this level here we can get buying opportunity on reversal so we advice to BUY IDEA FUTURE TGT 56.20 TGT 57.20-59.20 SL BELOW 54.50

STOCK RECOMMENDATION [CASH]
GRAPHITE [CASH]

This particular counter is making a bullish continuous pattern and here we can follow buy on strength to get good return so we advice you to BUY GRAPHITE ABOVE 833 tgt 850-870 SL BELOW 824.

Epic Research Limited counts as the top research providing firm all over India as well as other global markets. We can say that 'Market Research' is the soul of the organization and the trust builder for the client base. Our team having experienced researchers who offer updates on the sectors like – equity trading, commodity trading, FOREX trading, Nifty Call etc.


Our research Team assists on the following sectors -

Intraday Stock Tips
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Submitted by Epic Research, Epic Research Pvt.Ltd indore on Wednesday, 23 May 2018 at 2:40 PM
Category: Business
 
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