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Capitalways Techno Tomorrow 14th Aug 2018

Markets started the week on a lower note, with the Nifty closing 73.75 points down amid weakness in banking and financial services equities. The index settled at 11355.75, ahead of release of consumer inflation data due later in the day.<br>

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Capitalways Techno Tomorrow 14th 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: 13/08/2018 INDEX NIFTY OUTLOOK: Markets started the week on a lower note, with the Nifty closing 73.75 points down amid weakness in banking and financial services equities. The index settled at 11355.75, ahead of release of consumer inflation data due later in the day. The weekly price action formed a High Wave candle with small real body & shadows in either direction highlighting the intra-week volatility and hesitation at the upper band of rising channel encompassing the up move off end of June2018 low(10558). In the coming session, the Nifty is likely to open on a negative note. we expect it to hold key support zone of 11350 in coming sessions. Such a healthy consolidation would help the Nifty to form a higher base, which would set the stage to heads towards our earmarked target of 11600 in coming weeks. SCRIPT LEVEL TARGET STOPLOSS 490 498 482 HEXAWARE FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 986 998 974 MINDTREE FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 2260 2298 2222 DRREDDY FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 1340 1310 1370 SRTRANSFIN 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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