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Capitalways Techno Tomorrow 24thAug 2018

After clinching fresh milestones in the morning, shares had a sort of an anti-climax ending as benchmarks managed to end the day on a subdued note. While IT, pharma and FMCG gained big, weakness in banks, metals and auto offset the positive upmove and pushed indices to flat lines.

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Capitalways Techno Tomorrow 24thAug 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: 23/08/2018 INDEX NIFTY OUTLOOK: After clinching fresh milestones in the morning, shares had a sort of an anti-climax ending as benchmarks managed to end the day on a subdued note. While IT, pharma and FMCG gained big, weakness in banks, metals and auto offset the positive upmove and pushed indices to flat lines. The Nifty managed to end the day above 11,550, but below 11,600 that it hit for the first time. 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 732 742 722 TECHM FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 1072 1092 1052 BATA FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 575 585 565 LICHSGFIN FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 257 250 264 TATAMOTOR 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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