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Capitalways Techno Tomorrow 10th Aug 2018

The day began on a strong note as Nifty almost touched 11,500. The 50-share managed to hit an intraday high of 11,495.2. The rally in banks continued through the day, while pharmaceuticals took a U-turn after the upmove in the morning.<br>

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Capitalways Techno Tomorrow 10th 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: 09/08/2018 INDEX NIFTY OUTLOOK: The day began on a strong note as Nifty almost touched 11,500. The 50-share managed to hit an intraday high of 11,495.2. The rally in banks continued through the day, while pharmaceuticals took a U-turn after the upmove in the morning. The weekly price action formed a small bull candle with minor shadows on either side supported by higher high-low, indicating continuance of positive momentum amid rise in volatility. On expected lines, the Nifty took breather from the higher band of rising channel. As a result, the stochastic oscillator saw a throwback from overbought territory, signalling a cool-off. We believe the current breather has assisted the Nifty to form a higher base formation, auguring well for heading towards upgraded target of 11600. SCRIPT LEVEL TARGET STOPLOSS 210 206 206 DLF FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 1210 1230 1190 UBL FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 625 630 610 KSCL FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 229.50 235 223 HINDALCO 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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