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   Money Times Volume No. XXVIII
   Edition No.21 Dated: 25-03-19
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Swings between 34400 and 37000
Lead Story
Earnings and global cues will influence sentiment
The domestic markets started on a positive note last week. The Nifty crossed 10900 touching an intra-day high of 10923 but it failed to test the resistance level of 10942. Weak global market cues due to China’s poor PMI numbers and lower monthly GST collections in India spooked the market. The markets failed to offer any resilience on the back of sustained bouts of selling pressure and profit-booking. Buying support remained dismal. The breadth of the market remained neutral amidst high volumes.

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
ICICI BANK 354.3 326.7 334.5 346.5 366.3 398 57.3 325.8 12-10-18
WEST COAST PAPER MILLS 395.05 350 358.5 386.5 423.1 487.6 57.2 356.6 19-10-18
DIVI'S LABORATORIES 1499.05 1325 1375.3 1448.7 1572.3 1769.3 57.1 1331.5 02-11-18
INTERNATIONAL PAPER APPM 515.75 459.8 469.6 506 552.1 634.7 56.8 477.9 12-10-18
GE POWER INDIA 836.6 792 806.7 822.3 852.7 898.7 56.7 799.3 05-10-18

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
CESC 689.2 339 590 742 841 894 26.97 836.25 26-10-18
GUJARAT PIPAVAV PORT 98.15 88.5 95.6 100.2 102.8 104.8 32.88 101.40 26-10-18
HINDUSTAN ZINC 264 227.4 254.3 271.4 281.1 288.5 36.35 276.41 26-10-18
COAL INDIA 261.35 220.6 250.4 269.4 280.3 288.3 40.05 274.16 02-11-18
NTPC 157.9 149.1 155 157.9 160.9 160.9 43.09 160.77 21-09-18
Believe It or Not

ü Saksoft recommended at Rs.280.05 in SS last week, jumped to Rs.311 appreciating 11% in just 1 week!


ü Kriti Nutrients recommended at Rs.35.90 in EE last week, jumped to Rs.39 appreciating 9% in just 1 week!


ü Escorts recommended at Rs.701.35 in SW last week, rose to Rs.730.25 appreciating 4% in just 1 week!


ü Sarda Energy & Minerals recommended at Rs.261.95 in SB last week, rose to Rs.269.40 appreciating 3% in 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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