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CapitalWays Techno Tomorrow 11th Sep 2018

The day was largely dominated by the bears, with the benchmarks seeing selling right from the first minute. Along with it, rupee’s weakness ahead added to its woes. The Nifty gave up 11,450-mark. <br>

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CapitalWays Techno Tomorrow 11th Sep 2018

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  1. Capital Ways Investment Adviser Connect @ +91-96177-00602 www.capitalways.com For Online Subscription Services Click Here Techno Tomorrow Date: 10/09/2018 INDEX NIFTY OUTLOOK: The day was largely dominated by the bears, with the benchmarks seeing selling right from the first minute. Along with it, rupee’s weakness ahead added to its woes. The Nifty gave up 11,450-mark. The price action for the week, formed a Bear candle with a long lower shadow, describing profit booking at higher levels as the index reacted from upper band of the rising channel after eight weeks rally, while long lower shadow highlights supportive efforts near 11400 levels. Going forward, we expect the Nifty to consolidate in a broad range of 11760-11393 amid stock specific action. Last week’s panic low of 11393 is likely to act as immediate support as it is at the confluence of: lower band of rising channel (blue) at 11390 and 38.2% Fibonacci retracement of recent rally at 11396. SCRIPT LEVEL TARGET STOPLOSS 1400 1420 1380 NIITTECH FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 328 318 338 UJJIVAN FUT SELL BELOW SCRIPT LEVEL TARGET STOPLOSS 2600 2530 2670 BAJFIN FUT SELL BELOW SCRIPT LEVEL TARGET STOPLOSS 646 634 HAVELLS FUT SELL BELOW 660 you can also write us at info@capitalways.com Best Regards Technical Research Desk Capital ways investment adviser Indore (MP)

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