Capitalways Techno Tomorrow 28thAug 2018

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Techno Tomorrow Date: 27/08/2018 INDEX NIFTY OUTLOOK:

Bulls had it their way throughout the session, gaining with every passing hour. Benchmarks ended the day at record high levels. The Nifty managed to clock 11,700-mark as well. At the close of market hours, the Sensex ended up 442.31 points or 1.16% at 38694.11, while the Nifty rose 134.90 points or 1.17% at 11692.00.The overall bias would remain positive as long as the Nifty sustains above previous week’s positive gap (11500-11470). Otherwise, there would be lacklustre movement amid stock specific action. The 11650-11700 zone is marked by key price projections based on Fibonacci methods- 138.2% external retracement of entire decline of Feb-March2018(111719951)is placed at 11650; Price parity of April-May 2018 up move(9952-10929) in percentage terms as measured from July 2018 low of 10604, is placed at 11645. SCRIPT

LEVEL

TARGET

STOPLOSS

PEL FUT BUY ABOVE

3080

3180

2980

SCRIPT

LEVEL

TARGET

STOPLOSS

RBLBANK FUT BUY ABOVE

637

647

SCRIPT

LEVEL

TARGET

742

752

732

SCRIPT

LEVEL

TARGET

STOPLOSS

INFOSYS FUT BUY ABOVE

1416

1426

1406

TECHM FUT BUY ABOVE

627

STOPLOSS

B\

you can also write us at info@capitalways.com Best Regards Technical Research Desk Capital ways investment adviser Indore (MP)


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