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Techno Tomorrow Date: 20/08/2018 INDEX NIFTY OUTLOOK:
Positive global cues, a recovery in rupee along with a rally in banks and index heavyweights helped the market kick off the week on a very strong note. Both indices managed to end at record closing highs.The Nifty managed to hit 11,500 for the first time ever, while the Sensex comfortably traded above 38,000-mark. Strong cues dominated the activity on D-Street through the day and marginally off the high point of the day. The weekly price action formed a strong bull candle, as the index pared intraweek losses and staged a sturdy recovery from last week’s low (11360), indicating elevated buying demand from lower band of upward sloping channel (around 11370). In coming weeks, we expect Nifty midcap to outperform as Nifty Midcap index has confirmed the breakout from falling wedge .pattern SCRIPT
LEVEL
TARGET
STOPLOSS
AMARARAJA FUT BUY ABOVE
897
910
884
SCRIPT
LEVEL
TARGET
STOPLOSS
RBLBANK FUT BUY ABOVE
596
604
588
SCRIPT
LEVEL
TARGET
STOPLOSS
1094
1110
1074
SCRIPT
LEVEL
TARGET
STOPLOSS
ADANIENT FUT BUY ABOVE
212.50
217.50
207.50
INDIGO FUT BUY ABOVE B\
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