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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\
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