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   Money Times Volume No. XXVII
   Edition No.47 Dated: 240918
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Bear market or deeper correction?
Lead Story
Panic leads to sell-off
The markets continued to correct last week due to sustained selling pressure on account of negative domestic and global cues. The trade conflict between USA and China along with rising crude oil prices and depreciating rupee continued to add pressure on the bourses. SEBI’s fresh relief for foreign portfolio investors (FPIs) had a marginal effect on the bourses due to lack of follow-up buying support at the higher levels. The FIIs remained net sellers in the cash segment and marginal net buyers in the derivatives segment. The DIIs continued to support the markets at the lower levels and remained net buyers during the week. On the global front, USA and China imposed fresh tariffs on each other. Brent crude prices crossed $79 last week. On the domestic front, the government hiked interest on small savings schemes by 0.4%, paving the way for interest rate hikes in the forthcoming RBI policy. The Street expects a 25-50 bps rate hike.

Weekly Uptrend Stocks
Let the price move below Center Point or Level 2 and when it moves back above Center Point or Level 2, then buy with whatever low was registered below Center Point or Level 2 as the stop loss. After buying, if the price moves to Level 3 or above, then book profits as and when the opportunity arises. If the close is below Weekly Reversal Value, then the trend will change from Uptrend to Downtrend. Check on Friday after 3.pm to confirm weekly reversal of the Uptrend.
Scrip Last
Close
Level 1 Level 2 Center
Points
Level 3 Level 4 Relative
Strength
Weekly
Reversal
Value
Up Trend Date
Weak Below Demand Point Demand Point Supply Point Supply Point
TATA CONSULTANCY SERVICES 2103.8 2052.5 2060.6 2095.7 2138.9 2217.3 69.8 2081.3 10-08-18
WIPRO 337.35 325.1 328.6 333.8 342.6 356.5 67.5 323.3 17-08-18
DIVI'S LABORATORIES 1386.05 1305 1325 1366 1427 1529 65.2 1334 13-07-18
HCL TECHNOLOGIES 1084.6 1065 1067.3 1082.7 1100.3 1133.3 63 1068.8 17-08-18
ALEMBIC PHARMACEUTICALS 648.9 609.7 618.4 640.2 670.7 723 62.2 633.3 15-06-18

Weekly Downtrend Stocks
Let the price move above Center Point or Level 3 and when it moves back below Center Point or Level 3, then sell with whatever high was registered above Center Point or Level 3 as the stop loss. After selling, if the price moves to Level 2 or below, then look to cover short positions as and when the opportunity arises. If the close is above Weekly Reversal Value, then the trend will change from Downtrend to Uptrend. Check on Friday after 3.pm to confirm weekly reversal of the Downtrend.
Scrips Last
Close
Level 1 Level 2 Center
Points
Level 3 Level 4 Relative
Strength
Weekly
Reversal
Value
Down Trend Date
Demand Point Demand Point Supply Point Supply Point Strong Above
FORCE MOTORS 1900.9 1332 1746 2005 2160 2264 20.64 2237.25 17-08-18
CENTRAL BANK OF INDIA 53.35 26.1 46.5 60.2 67 73.8 22.35 64.03 10-08-18
JET AIRWAYS (INDIA) 229.7 162.5 211.3 241.8 260.2 272.2 22.45 263.85 04-05-18
IRB INFRASTRUCTURE DEVELOPERS 154.3 110.6 141.8 160.6 173.1 179.4 24.5 175.09 15-06-18
MAHINDRA HOLIDAYS & RESORTS INDIA 234.85 204.2 226 238.9 247.7 251.8 26.26 247.64 08-06-18
Believe It or Not

Ganges Securities recommended at Rs.57.50 in BB last week, zoomed to Rs.66.90 appreciating 16% in just 1 week!

Crest Ventures recommended at Rs.198.90 in SA last week, zoomed to Rs.219.45 appreciating 10% in just 1 week!

Acknit Industries recommended at Rs.125.25 in TT last week, zoomed to Rs.137.50 appreciating 10% in just 1 week!

Goodluck India recommended at Rs.76.20 in BE last week, zoomed to Rs.78.95 appreciating 4% in just 1 week!


Top Stories

Important Announcement
Disclaimer : Investment recommendations made in Money Times or other newsletters published by Time Communications (India) Ltd are for information purposes only and derived from sources that are deemed to be reliable but their accuracy and completeness are not guaranteed. Time Communications (India) Ltd or the analyst/writer does not accept any liability for the use of suchinformation for the buying or selling of securities. Readers who buy or sell securities based on the information published in Money Times orother newsletters are solely responsible for their actions. The author, his company or his acquaintances may/may not have positions in the above mentioned scrip.
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