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Capitalways Weekly Report Equity 30th July 18

Markets traded with a positive bias right through the day with the Nifty, and Bank Nifty closing at record high levels. Across-the-board buying was witnessed on all major counters, with ICICI Bank posting strong gains ahead of its quarterly (Q1FY19) earnings<br>

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Capitalways Weekly Report Equity 30th July 18

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  1. EQUITY WEEKLY NEWSLETTER 27th JULY 2018 STOCK /COMMODITY/FOREX/WEALTH MANAGEMENT Technical based Trading and investment call Entry- Exit Trend Reversal+ Proper Stop loss NIFTY: 11278.35 (+2.44%) Markets traded with a positive bias right through the day with the Nifty, and Bank Nifty closing at record high levels. Across-the-board buying was witnessed on all major counters, with ICICI Bank posting strong gains ahead of its quarterly (Q1FY19) earnings. The market breadth ended in the favor of advances with advance-decline ratio closing at 2:1.Nifty has undergone a healthy consolidation (11080 -10925) and formed a higher base formation around 10700, which set the stage to challenge the all -time high of 11172, going ahead. In the coming session, we expect the Nifty to trade with a positive bias amid stock specific action as Q 1FY19 earning season remains in focus. Nifty has given a symmetrical triangle pattern and already rally more than 300point till now and the next target would be 11350-11400. Market would see reversal only if it closes below 11000 levels and until then Bulls would have a upper hand but would struggle in the resistance zone of 11270-11300 as bear would try hard to break the negative momentum. Friday 27th JULY, 2018 www.capitalways.com

  2. BANKNIFTY: 27634.40(+2.83%) Bank Nifty ended the week on a Positive note, closing 2.83% Higher. Tracking the technicals likewise, Banknifty managed to give break resistance of 27300 on the weekly chart after consolidating for two weeks, posting a sharp rally of 600 points after crossing 27000level .Tracking the shorter time frame, market is looking bullish and rally may continue till 28000 marks. Resistance for the index lies in the zone of 27900-28000 and support is place at 27000-27100. Friday 27th JULY, 2018 www.capitalways.com

  3. Recommendation Stock for the WEEK Script Name – ESCORT BUY ABOVE -930 TREND - BULLISH TARGET- 1000 STOPLOSS – 870 CANDELSTICK CHART – ESCORT R1-980 R2 – 1020 PIVOT – 920 S1 – 890 S2 – 875 JUSTIFICATION ON DAILY CHART, ESCORT HAS MANAGED TO GIVE BREAKOUT OF TRENDLINE ABOVE 920 AND ALSO GIVE CLOSING ABOVE 100Day SMA. RSI AND STOCHASTIC BOTH ARE POSITIVE POISED. Friday 27th JULY, 2018 www.capitalways.com

  4. Script Name – CESC BUY ABOVE -960 TREND - BULLISH TARGET- 1000-1020 STOPLOSS – 920 CANDELSTICK CHART – CESC R1 – 1000 R2- 1040 PIVOT -940 S1 – 1000 S2 -1040 JUSTIFICATION CESC HAS TAKEN REVERSAL FROM ITS MAJOR SUPPORT OF 880 ON WEEKLY TIME FRAME AND ALSO MANAGED TO SUSTAIN ABOVE 10DAY-EMA WHICH IS PLACED AT 952. RSI IS ALSO SHOWING POSITIVE CROSSOVER. Friday 27th JULY, 2018 www.capitalways.com

  5. For any queries, suggestions and Feed back, kindly mail to info@capitalways.com Research Team : 096177-00602 Website : www.capitalways.com Our Corporate Office: Capital Ways Investment Adviser 605, Industry House , AB Road Indore (MP) DISCLAIMER: Stock trading involves high risk and one can lose Substantial amount of money. The recommendations made herein do not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made that recommendations contained herein will be profitable or they will not result in losses. Readers using the information contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on Technical ANALYSIS only. Friday 27th JULY, 2018 www.capitalways.com

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