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CapitalWays Techno Tomorrow 8th Sep 2018

The Nifty managed to end well above 11,550-mark. The midcap index ended with gains of over a percent and outperformed the benchmarks. A strengthening rupee also helped the market recover. Cooling off of oil prices and some reported dollar selling by private banks erased some losses for the currency.<br>

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CapitalWays Techno Tomorrow 8th Sep 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: 07/09/2018 INDEX NIFTY OUTLOOK: The Nifty managed to end well above 11,550-mark. The midcap index ended with gains of over a percent and outperformed the benchmarks. A strengthening rupee also helped the market recover. Cooling off of oil prices and some reported dollar selling by private banks erased some losses for the currency. The price action formed a high wave candle with large lower shadow highlighting supportive efforts to hold previous session’s panic low (11393) and also resulted in a higher high, turning the bias positive after six session decline. ythm . Our view of avoiding shorts at lower levels has thus fructified. In coming sessions, we expect Nifty to hold Wednesday’s panic low of 11393 and lead a pull back towards 11650 levels. SCRIPT LEVEL TARGET STOPLOSS 589 600 578 TVSMOTOR FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 975 990 960 M&M FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 2940 2990 2890 BAJAJAUTO FUT BUY ABOVE SCRIPT LEVEL TARGET STOPLOSS 614 628 RBLBANK FUT BUY ABOVE 600 you can also write us at info@capitalways.com Best Regards Technical Research Desk Capital ways investment adviser Indore (MP)

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