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Techno Tomorrow Date: 13/08/2018 INDEX NIFTY OUTLOOK:
Markets started the week on a lower note, with the Nifty closing 73.75 points down amid weakness in banking and financial services equities. The index settled at 11355.75, ahead of release of consumer inflation data due later in the day. The weekly price action formed a High Wave candle with small real body & shadows in either direction highlighting the intra-week volatility and hesitation at the upper band of rising channel encompassing the up move off end of June2018 low(10558). In the coming session, the Nifty is likely to open on a negative note. we expect it to hold key support zone of 11350 in coming sessions. Such a healthy consolidation would help the Nifty to form a higher base, which would set the stage to heads towards our earmarked target of 11600 in coming weeks.
SCRIPT
LEVEL
TARGET
STOPLOSS
HEXAWARE FUT BUY ABOVE
490
498
482
SCRIPT
LEVEL
TARGET
STOPLOSS
MINDTREE FUT BUY ABOVE
986
998
974
SCRIPT
LEVEL
TARGET
STOPLOSS
DRREDDY FUT BUY ABOVE
2260
2298
2222
SCRIPT
LEVEL
TARGET
STOPLOSS
SRTRANSFIN FUT SELL BELOW
1340
1310
1370
B\
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