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S&P CNX Nifty future closed UP 60.75 points at 11130.40. Indian Stock Market would open with negative bias. Technically, Indian Stock Market is still in positive zone. Indian Stock Market has taken positive breakout in last trading session but we would continue to see huge volatility in the market as Union Budget is approaching.

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capital ways financial services

Capital Ways Financial Services

Connect @ +91-96177-00602

www.capitalways.com

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Techno Tomorrow

Date: 31/01/2018

Dear Traders,

Following our Researcaramete

INDEX NIFTY OUTLOOK:

S&P CNX Nifty future closed UP 60.75 points at 11130.40. Indian Stock Market would open with negative bias.

Technically, Indian Stock Market is still in positive zone. Indian Stock Market has taken positive breakout in last

trading session but we would continue to see huge volatility in the market as Union Budget is approaching. Traders

can continue long positions until Nifty Holds 11024 levels on closing basis. Profit booking would be seen at higher

levels as traders and investors would prefer booking profits in longpositions before the Union Budget day. But

overall market is positive until it holds 11024 levels for Nifty on closing basis. Risk-averse traders can book profits

and can hold cash in hand to avoid risk of volatility.

SCRIPT

LEVEL

TARGET

STOPLOSS

APOLLOHOSP FUT

BUY ABOVE

1173

1183-1193

1163

SCRIPT

LEVEL

TARGET

STOPLOSS

4415

4435-4455

4395

ULTRACEMCO FUT

BUY ABOVE

SCRIPT

LEVEL

TARGET

STOPLOSS

MARICO FUT SELL

BELOW

306

303-300

309

SCRIPT

LEVEL

TARGET

STOPLOSS

369

372-375

366

MOTHERSUMI FUT

BUY ABOVE

you can also write us at info@capitalways.com

Best Regards

Technical Research Desk

Capital Ways Financial Services

Indore (MP)