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Techno Tomorrow Date: 28/08/2018 INDEX NIFTY OUTLOOK:
Looks like there is no stopping this market yet, as shares continued their bullish momentum on Tuesday. A surge in index heavyweights along with the metals space helped the market post another record high close. The Nifty has also managed to end above 11,700-mark as well. Positive global cues also aided sentiment. The overall bias would remain positive as long as the Nifty sustains above previous week’s positive gap (11500-11470). Otherwise, there would be lackluster 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
BALKRISHNA FUT BUY ABOVE
1415
1450
SCRIPT
LEVEL
TARGET
HINDALO FUT BUY ABOVE
240
235
SCRIPT
LEVEL
TARGET
343
352
334
SCRIPT
LEVEL
TARGET
STOPLOSS
LICHSGFIN FUT SELL BELOW
520
510
530
BERGER FUT BUY ABOVE
STOPLOSS
1380
STOPLOSS
245
STOPLOSS
B\
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