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Capitalways Techno Tomorrow 31st Aug 2018

A good recovery in the last hour of trade helped D-Street cut big losses and end August series on a slightly better note. However, the Nifty managed to close below 11,700. At the close of market hours, The Nifty was down 12.20 points or 0.10% at 11679.70. The price action formed a sizable bear candle and filled the last session’s gap, indicating a breather after last two sessions 228 points up move.<br>

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Capitalways Techno Tomorrow 31st 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: 30/08/2018 INDEX NIFTY OUTLOOK: A good recovery in the last hour of trade helped D-Street cut big losses and end August series on a slightly better note. However, the Nifty managed to close below 11,700. At the close of market hours, The Nifty was down 12.20 points or 0.10% at 11679.70. The price action formed a sizable bear candle and filled the last session’s gap , indicating a breather after last two sessions 228 points up move.The Nifty has maintained its positive price structure by trading within an upward sloping channel encompassing up move off July low 10604.We believe such a breather would make the market healthy, paving the way for the Nifty to head towards 11925 in coming weeks . In the coming session, the previous session’s low (11679 ) will be the key level to watch as holding above the same would keep positive options open . SCRIPT LEVEL TARGET STOPLOSS 696 706 686 UPL FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 610 620 590 TATASTEEL FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 640 650 630 SUNPHARMA FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 2925 2875 BAJFIN FUT SELL BELOW 2975 you can also write us at info@capitalways.com Best Regards Technical Research Desk Capital ways investment adviser Indore (MP)

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