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Capitalways Techno Tomorrow 25thAug 2018

Amid somber global cues along with a weaker rupee back home, equity benchmarks managed to end the week on a negative note. At the close of market hours, the Sensex ended lower by 84.96 points or 0.22% at 38251.80, while the Nifty was down 25.70 points or 0.22% at 11557.10.<br>

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Capitalways Techno Tomorrow 25thAug 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: 24/08/2018 INDEX NIFTY OUTLOOK: Amid somber global cues along with a weaker rupee back home, equity benchmarks managed to end the week on a negative note. At the close of market hours, the Sensex ended lower by 84.96 points or 0.22% at 38251.80, while the Nifty was down 25.70 points or 0.22% at 11557.10. Friday’s weak move was led by selloff in banks, IT and auto names, while metals looked to offer some support. 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 80.50 82.50 78.50 BHEL FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 1195 1215 1175 APOLLOHOSP FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 733.50 745 722 TATACHEM FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 612 622 602 TATACHEM 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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