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CapitalWays Techno Tomorrow 19th Sep 2018

The benchmark indices are trading at day's low with Nifty slipped below 11,350 dragged by PSU banks and realty index, which are down 5 percent and 3 percent respectively. The price action for the week formed a Bullish Hammer reversal pattern, with a long lower shadow, indicating a sharp recovery amid strong buying demand near the key support of 11200 as the index held the lower band of the rising channel and August 2018 lows (11234).<br>

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CapitalWays Techno Tomorrow 19th Sep 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: 18/09/2018 INDEX NIFTY OUTLOOK: The benchmark indices are trading at day's low with Nifty slipped below 11,350 dragged by PSU banks and realty index, which are down 5 percent and 3 percent respectively. The price action for the week formed a Bullish Hammer reversal pattern, with a long lower shadow, indicating a sharp recovery amid strong buying demand near the key support of 11200 as the index held the lower band of the rising channel and August 2018 lows (11234). Thus, the price action corroborates our stance of buying quality stocks on declines as we do not expect the Nifty to break below 11100 -11200 range in the current scenario. In the upcoming truncated week, we expect the Nifty to consolidate in a broad range of 11600-11200. SCRIPT LEVEL TARGET STOPLOSS BIOCON FUT BUY ABOVE 690 705 680 SCRIPT LEVEL TARGET STOPLOSS 335 342 331 WIPRO FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS ZEEL FUT SELL BELOW 460 445 470 SCRIPT LEVEL TARGET STOPLOSS 75.50 74 BHEL FUT SELL BELOW 77 530 you can also write us at info@capitalways.com Best Regards Technical Research Desk Capital ways investment adviser Indore (MP)

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