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Capitalways Techno Tomorrow 29thAug 2018

Looks like there is no stopping this market yet, as shares continued their bullish momentum on Tuesday. A surge in index heavyweights along with the metals space helped the market post another record high close. The Nifty has also managed to end above 11,700-mark as well.<br>

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Capitalways Techno Tomorrow 29thAug 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: 28/08/2018 INDEX NIFTY OUTLOOK: Looks like there is no stopping this market yet, as shares continued their bullish momentum on Tuesday. A surge in index heavyweights along with the metals space helped the market post another record high close. The Nifty has also managed to end above 11,700-mark as well. Positive global cues also aided sentiment. The overall bias would remain positive as long as the Nifty sustains above previous week’s positive gap (11500-11470). Otherwise, there would be lackluster movement amid stock specific action. The 11650-11700 zone is marked by key price projections based on Fibonacci methods- 138.2% external retracement of entire decline of Feb-March2018(11171- 9951)is placed at 11650; Price parity of April-May 2018 up move(9952-10929) in percentage terms as measured from July 2018 low of 10604, is placed at 11645. SCRIPT LEVEL TARGET STOPLOSS 1415 1450 1380 BALKRISHNA FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 240 235 245 HINDALO FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 343 352 334 BERGER FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 520 510 LICHSGFIN FUT SELL BELOW 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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