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   Money Times Volume No. XXVII
   Edition No.37 Dated: 160718
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Breakout witnessed
Lead Story
Pivotals help Sensex touch new high
The markets moved higher last week on the back of concentrated buying support in index heavyweight stocks. While the Sensex recorded a fresh historic high and the Nifty closed above 11000, mid-cap and small-cap stocks failed to join the rally. The breadth of the market remained weak amidst low volumes, which indicates concentrated buying in index heavyweights. The FIIs continued to remain sellers in the cash segment but were seen hedging their positions by remaining buyers in the derivatives segment. The DIIs, however, continued to remain net buyers during the week. On the global front, the imposition of trade tariffs continued to affect the global market sentiment, especially the Asian markets. Consequently, crude oil prices corrected and traded between $70-75 through the week. The INR continued to trade around 69 against the USD due to RBI intervention.

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
NESTLE INDIA 10151 9880 9924 10107 10334 10744 79.9 9945 06-07-18
TATA ELXSI 1430 1364 1378.3 1415.7 1467.3 1556.3 72.1 1360.8 25-05-18
KOTAK MAHINDRA BANK 1405 1368 1378.3 1394.7 1421.3 1464.3 71.4 1359.5 29-06-18
TATA CONSULTANCY SERVICES 1981.25 1872.6 1903.2 1950.6 2028.6 2154 70.3 1888.4 15-06-18
BAJAJ FINANCE 2460 2338 2373.7 2424.3 2510.7 2647.7 67.7 2358.5 18-05-18

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
UPL 563.75 436 528.1 584.5 620.2 640.9 24.67 611.41 22-06-18
NMDC 99.75 90.4 97.1 101.2 103.9 105.4 25.27 105.04 15-06-18
AMBUJA CEMENTS 197.15 177.3 192 201.6 206.7 211.2 25.33 204.17 13-07-18
JET AIRWAYS (INDIA) 331.85 292.1 321.5 340.5 350.9 359.5 25.93 352.74 04-05-18
INDIA CEMENTS 106.95 92.7 103 109.4 113.4 115.9 26.73 108.31 27-04-18
Believe It or Not

Praj Industries recommended at Rs.74.10 in SB last week, zoomed to Rs.82 appreciating 11% in just 1 week!

KCP recommended at Rs.98.75 in BB last week, zoomed to Rs.109.25 appreciating 11% in just 1 week!

Bhagyanagar India recommended at Rs.45.85 in SA last week, zoomed to Rs.50.55 appreciating 10% in just 1 week!

Ausom Enterprise recommended at Rs.71.25 in TF last week, zoomed to Rs.78.35 appreciating 10% 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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