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Capitalways Techno Tomorrow 10th October 2018

Shares resumed their downtrend after a brief pause from the selloff that was seen on Monday. At the close of market hours, the Sensex closed down 174.91 points or 0.51% at 34299.47, while the Nifty ended lower by 47 points or 0.45% at 10301.00.<br>

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Capitalways Techno Tomorrow 10th October 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: 09/10/2018 Shares resumed their downtrend after a brief pause from the selloff that was seen on Monday. At the close of market hours, the Sensex closed down 174.91 points or 0.51% at 34299.47, while the Nifty ended lower by 47 Dear Traders,wing our Researcaramete points or 0.45% at 10301.00.The weekly price action formed the longest bear candle since Feb-16 signifying the extent of profit booking after decisive breach of 10800 contrary to our view. Going ahead we believe, Nifty has strong support in the range of 10100-10200 and we expect Nifty to hold it as daily and weekly stochastic oscillators have approached extreme oversold territory around 10 owing to 13% decline seen during last five weeks. Therefore, any dip towards 10100 should be capitalised to accumulate quality stocks in a staggered manner. Going ahead, to witness a pause in ongoing downward momentum, Nifty need to close above Friday’s bearish gap area (10600) and also needs to form a higher high - low for more than two consecutive sessions. INDEX NIFTY OUTLOOK: SCRIPT LEVEL TARGET STOPLOSS 766 777 755 AUROPHARMA FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS ZEEL FUT BUY ABOVE 434 445 423 SCRIPT LEVEL TARGET STOPLOSS 750 730 770 TITAN FUT SELL BELOW SCRIPT LEVEL TARGET STOPLOSS 968 935 1001 TATAELXSI FUT SELL BELOW you can also write us at info@capitalways.com Best Regards Technical Research Desk Capital ways investment adviser Indore (MP)

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