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Capitalways Techno Tomorrow 21st Aug,2018

Positive global cues, a recovery in rupee along with a rally in banks and index heavyweights helped the market kick off the week on a very strong note. Both indices managed to end at record closing highs.The Nifty managed to hit 11,500 for the first time ever, while the Sensex comfortably traded above 38,000-mark.<br>

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Capitalways Techno Tomorrow 21st Aug,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: 20/08/2018 INDEX NIFTY OUTLOOK: Positive global cues, a recovery in rupee along with a rally in banks and index heavyweights helped the market kick off the week on a very strong note. Both indices managed to end at record closing highs.The Nifty managed to hit 11,500 for the first time ever, while the Sensex comfortably traded above 38,000-mark. Strong cues dominated the activity on D-Street through the day and marginally off the high point of the day. The weekly price action formed a strong bull candle, as the index pared intraweek losses and staged a sturdy recovery from last week’s low (11360), indicating elevated buying demand from lower band of upward sloping channel (around 11370). In coming weeks, we expect Nifty midcap to outperform as Nifty Midcap index has confirmed the breakout from falling wedge SCRIPT LEVEL TARGET STOPLOSS 897 910 884 AMARARAJA FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 596 604 588 RBLBANK FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 1094 1110 1074 INDIGO FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 212.50 217.50 207.50 ADANIENT FUT BUY ABOVE you can also write us at info@capitalways.com Best Regards Technical Research Desk Capital ways investment adviser Indore (MP)

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