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Capitalways Techno Tomorrow 7th Aug 2018

After trading near the day’s high points throughout the session, equity benchmarks lost some sheen in the last hour, with the Nifty giving up 11,400. The Sensex closed up 135.73 points or 0.36% at 37691.89, while the Nifty ended 26.30 points higher at 11387.10.<br>

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Capitalways Techno Tomorrow 7th 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: 06/08/2018 INDEX NIFTY OUTLOOK: After trading near the day’s high points throughout the session, equity benchmarks lost some sheen in the last hour, with the Nifty giving up 11,400. The Sensex closed up 135.73 points or 0.36% at 37691.89, while the Nifty ended 26.30 points higher at 11387.10. The weekly price action formed a small bull candle with minor shadows on either side supported by higher high-low, indicating continuance of positive momentum amid rise in volatility. On expected lines, the Nifty took breather from the higher band of rising channel. As a result, the stochastic oscillator saw a throwback from overbought territory, signalling a cool-off. We believe the current breather has assisted the Nifty to form a higher base formation, auguring well for heading towards upgraded target of 11600. SCRIPT LEVEL TARGET STOPLOSS 77 73 81 BALKRISHNA FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 435 455 415 RELCAP FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 1500 1540 1460 JUBLFOOD FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 661 671 651 HAVELLS FUT BUY ABOVE you can also write us at info@capitalways.com Best Regards Technical Research Desk Capital ways investment adviser Indore (MP)

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