CAPITAL WAYS WEEKLY TECHNICAL BASED RECOMMENDATION | SHARE MARKET UPDATES .

Technical based Trading and investment call Entry- Exit Trend Reversal+ Proper Stop loss

NIFTY: +16.80(+00.18%)

As last week saw Nifty hold support level 9450 and closed the week on moderate note around 16.80 points UP at 9520.90 Nifty was traded earlier with a negative note but later on it’s covered a gain and shown a profit booking. Index lies between the ranges of 9600 to 9400 throughout the week.

Market has entered into negative zone. Market would remain weak until nifty is below 9600 levels and trader can continue to hold his short positions as of now. Once Nifty closes below 9450 levels, it would move sharply negative towards 9370-9280 levels. Fresh long positions should be initiated only if Nifty managed to close above 9649 levels.

BANKNIFTY: -16.10(-0.07%)

Overall trend is bullish in Nifty Bank. As last week Bank nifty traded on a negative sentiment and later on it’s showing a profit booking. It closed at 23,211.20. Nifty Bank took a support of 23000 and bounced back again with a positive note. During the week the index breach the major resistance of 23500.

Recommendation Stock for the WEEK

Script Name - CANFINHOME BUY – 3244 ACTION - BUY STRATEGY - CONSOLIATION STOPLOSS – 3196

R1 -3240 R2 - 3220 PIVOT -3200 S1 - 3180 S2 -3160

justification

In weekly chart of CANFINHOME Its looking very good for BUY side and buying level is 3244 hold with the SL of 3196 and in this week upside target is 3294

SCRIPT NAME - ARVIND BUY – 361.60 ACTION - BUY STRATEGY - CONSOLIDATION STOPLOSS – 357.60

R1 - 468 R2 -470 PIVOT -472 S1 - 474 S2 - 476

justification

In weekly chart of ARVIND is looking good for buy and its buying level is 361.60 hold with the SL of 357.60 and in this week upside target is 365.60 if cross that level then it’s very good its breakout level.

SCRIPT NAME - VOLTAS BUY – 459 ACTION - BUY STRATEGY - CONSOLIDATION STOPLOSS – 455

R1 – 459 R2 – 457 PIVOT – 455 S1 – 453 S2 – 451

justification

In weekly chart of VOLTAS is looking good for buy and buying level is 459 hold with the SL of 455 and in this week upside target is 463 if cross that level then it’s very good its breakout level.

capital ways weekly report