CAPITAL WAYS EQUITY DAILY REPORT 7TH JULY 17

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BENCHMARK INDICES NIFTY FUTURE INDEX CAPITALWAYS FINANCIAL SERVICES DERIVATIVES DAILY REPORT THURSDAY DATE 06/07/2017 SP CNX Nifty future closed up 36.95 points at 9674.55. Indian Stock Market opens on flat note. Market has entered into positive zone and a close above 9600 levels. Once Nifty closes below 9600 levels it would move sharply negative towards 9500-9470 levels. Nifty would enter into positive zone only if Nifty closes above 9667 levels and until then bears would be in power and traders can go short at every positive rally in the market. Broad range for the week is seen from 9300 on downside 9700 on upside. Today Nifty traded with a positive sentiment and closed on moderate gain. Its resistance level is 9700 and support level is 9500 – 9470 levels.

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BANKNIFTY FUTURE INDEXs BANKNIFTY FUTURE was closed to 23466.65 114.05 POINTS UP. Today Bank nifty opened on flat note and which traded with a positive sentiment and closed on moderate gain. Its resistance level of index is 23600 and support level of index is 23000.

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INTRADAY DERIVATIVES STOCK RECOMMENDATION STRATEGY KSCL – DOWNSIDE TARGET SELL AT AROUND 647 TARGETS 641- 635 STOPLOSS 653 In last trading session KSCL future was showing upside favor resistance of 660 levels. Intraday levels We expect KSCL FUT has support of 647 it can take the resistance at 660 if it breaks its major support of 647 then we can see more downside movement. STRATEGY CADILAHC - DOWNSIDE TARGET SELL AT AROUND 807 TARGETS 801- 794 STOPLOSS 813 In last trading session CADILAHC FUT was showing sideway favor resistance of 825 levels. Intraday levels We expect CADILAHC FUT has major resistance of 813 it can take the support at 807 if it cross its major support level of 807 then we can see more downside movement.

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