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Wednesday, August 3, 2016

Capital First Fundamentals and Technical levels ahead of the result.










Fundamentals 





Market Cap.:  6,668.89 Cr.
Stock P/E: 42.50
Current Price:  729.20

Dividend Yield: 0.33%
Book Value:  181.47
Face Value:  10.00





Technical levels 

Capital first has rallied from 335 levels this year and made a high of 797.
This rally has continued without any good correction after a breakout from 470  level in April.  


The result today is expected to be good but the impact on the stock is uncertain as big investors would love to book profit  at current levels and retail investors can fall in this trap. So it is advised to trade with levels only.

Now it has first hurdle at 758--760 levels and the next at the high of 797 level.

Fresh rally will be only above the level of 797 levels. 


Support is intact at 700 level and a break below this level will take it to 665 and next to 650 level. 




Just trade with levels and keep minting money!!!