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Capitalways Techno Tomorrow 8th Aug 2018

It was a range bound day of trade for the market on Tuesday, as traders chose to take a breather after gains in the past two sessions. The Nifty managed to end the day below 11,400-mark.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.<br>

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Capitalways Techno Tomorrow 8th 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: 07/08/2018 INDEX NIFTY OUTLOOK: It was a range bound day of trade for the market on Tuesday, as traders chose to take a breather after gains in the past two sessions. The Nifty managed to end the day below 11,400-mark.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 2760 2820 2700 BAJFINANCE FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 560 570 550 LICHSGFIN FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 446 457 435 DABUR FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 114 117 111 NMDC 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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