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CapitalWays Techno Tomorrow 5th Sep 2018Stock markets extended losses to yet another day amid fund outflow-related conce

Stock markets extended losses to yet another day amid fund outflow-related concerns. BSE benchmark index Sensex fell 154 points to close at 38,157 on Tuesday, while the NSE Nifty declined 62 points to settle at 11,520. Weakness prevailed across sectors except IT, which took support from the rupee's plunge to life-time lows.<br>

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CapitalWays Techno Tomorrow 5th Sep 2018Stock markets extended losses to yet another day amid fund outflow-related conce

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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: 04/09/2018 INDEX NIFTY OUTLOOK: Stock markets extended losses to yet another day amid fund outflow-related concerns. BSE benchmark index Sensex fell 154 points to close at 38,157 on Tuesday, while the NSE Nifty declined 62 points to settle at 11,520. Weakness prevailed across sectors except IT, which took support from the rupee's plunge to life-time lows. Going ahead, we expect the Nifty to hold the key value are of 11500 in the coming session. Thus, any cool off towards 11500 should be used as incremental buying opportunity. Failure to do so, the index may enter into consolidation (111760- 11450) as it has rallied almost 10% over the past eight weeks leading weekly stochastic oscillator to trade in overbought territory (at 90) along with mild negative divergence. SCRIPT LEVEL TARGET STOPLOSS 1080 1120 1040 HCLTECH FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 224 216 232 TATAGLOBAL FUT SELL BELOW SCRIPT LEVEL TARGET STOPLOSS 1327 1302 1352 CEATLTD FUT SELL BELOW SCRIPT LEVEL TARGET STOPLOSS 910 880 INDIGO FUT SELL BELOW 940 you can also write us at info@capitalways.com Best Regards Technical Research Desk Capital ways investment adviser Indore (MP)

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