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CapitalWays Techno Tomorrow 18th Sep 2018

Indian indexes, the BSE Sensex and the NSE Nifty 50, ended with sharp losses on Monday tracking volatility in the Indian rupee against the US dollar. Reliance Industries and HDFC twins along with other bank and financial stocks dragged indexes lower, while IT and realty shares traded mildly higher.<br>

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CapitalWays Techno Tomorrow 18th 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: 17/09/2018 INDEX NIFTY OUTLOOK: Indian indexes, the BSE Sensex and the NSE Nifty 50, ended with sharp losses on Monday tracking volatility in the Indian rupee against the US dollar. Reliance Industries and HDFC twins along with other bank and financial stocks dragged indexes lower, while IT and realty shares traded mildly higher. The price action for the week formed a Bullish Hammer reversal pattern, with a long lower shadow, indicating a sharp recovery amid strong buying demand near the key support of 11200 as the index held the lower band of the rising channel and August 2018 lows (11234). Thus, the price action corroborates our stance of buying quality stocks on declines as we do not expect the Nifty to break below 11100 -11200 range in the current scenario. In the upcoming truncated week, we expect the Nifty to consolidate in a broad range of 11600-11200. SCRIPT LEVEL TARGET STOPLOSS 364 374 354 BPCL FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 1365 1400 1335 DIVISLAB FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 155.50 150 161.50 L&TFH FUT SELL BELOW SCRIPT LEVEL TARGET STOPLOSS 998 976 BATAINDIA FUT SELL BELOW 1020 you can also write us at info@capitalways.com Best Regards Technical Research Desk Capital ways investment adviser Indore (MP)

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