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   Money Times Volume No. XXVII
   Edition No.16 Dated: 190218
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200-day average to be tested
Lead Story
PNB scam sends shivers down D-Street
The positive beginning to the week was short-lived as the PNB scam came to limelight. A fresh round of selling pressure was witnessed as the benchmark indices especially Bank Nifty fell sharply. The markets failed to offer any resilience due to lack of buying support. Even positive global cues and positive domestic inflation numbers failed to boost the market sentiment. The FIIs remained net sellers in the cash segment but were seen hedging their short-positions by remaining net buyers in the derivatives segment. The breadth of the market remained weak amidst high volumes, which is a negative sign. The US markets moved higher on the back of good economic numbers. Crude oil prices moved higher trading between $61-64 after last week’s carnage when the dollar neared a three-year low. On the domestic side, the earnings season remained a mixed bag.

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
JSW STEEL 311.70 305.6 306.4 310.9 316.2 326.1 68.4 302.6 22-12-17
IIFL HOLDINGS 776.40 751.5 752.2 775.6 799.8 847.3 61.7 749.9 15-12-17
GOODYEAR INDIA 1170 1122 1131.7 1160.3 1198.7 1265.7 60.3 1104.3 16-02-18
JMC PROJECTS (INDIA) 595.75 570.9 572.8 593.9 616.9 661 58.7 571.8 09-02-18
GUJARAT ALKALIES & CHEMICALS 790 745 748.3 786.7 828.3 908.3 57.1 766.3 16-02-18

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
ALLAHABAD BANK 54.75 42.9 51.4 56.5 59.8 61.6 27.30 61.64 29-12-17
BANK OF MAHARASHTRA 18.40 17.1 18.1 18.7 19.1 19.4 27.97 19.30 19-01-18
SYNDICATE BANK 59.65 47.4 56.4 62.2 65.5 68 29.03 67.20 01-12-17
UNITED BANK OF INDIA 14.85 13.7 14.6 15.1 15.4 15.7 29.84 15.86 19-01-18
PUNJAB NATIONAL BANK 125.65 66.4 109.6 136.7 152.8 163.8 30.52 156.22 02-02-18
Believe It or Not

Dynemic Products recommended at Rs.199.80 in TT last week, zoomed to Rs.226.95 fetching 14% returns in just 1 week!

Maan Aluminium recommended at Rs.151.25 in TT last week, zoomed to Rs.168 fetching 11% returns in just 1 week!

IOL Chemicals & Pharmaceuticals recommended at Rs.73.70 in TT on 5 February 2018, zoomed to Rs.93.45 fetching 27% returns in just 2 weeks!

Autoline Industries recommended at Rs.84.70 in SA on 5 February 2018, zoomed to Rs.101.90 fetching 20% returns in just 2 weeks!


Top Stories

Important Announcement
-    

Errata:


1) In the article on Som Distilleries & Breweries Ltd by Vihari published in the latest issue of Money Times dated 15-21 January 2018, the last sentence should be read as 


The stock has the potential to cross Rs.350 in the long term.


2) In the article on Maan Aluminium Ltd by Pratit Nayan Patel published in the latest issue of Money Times dated 15-21 January 2018, a line from his previous article on another scrip from the old template about Ashish Kacholia having acquired 10 lakh shares has inadvertently slipped in instead of being deleted. Readers are requested to ignore this line from the write-up as the writer or Money Times is not aware of Mr. Kacholia's interest in Maan Aluminium Ltd. The error is sincerely regretted. 

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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