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   Money Times Volume No. XXVII
   Edition No.3 Dated: 201117
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Consolidation above 32600 needed
Lead Story
Moody's endorses Modinomics!
The much awaited sovereign credit rating after the banking reforms finally came through for India. Moody’s upgraded India's sovereign credit rating by a notch to 'Baa2' with a stable outlook citing improved growth prospects driven by economic and institutional reforms. The rating upgrade has come after a gap of 13 years and this news cheered the market sentiment setting Dalal Street on fire on Friday, 17 November 2017. This along with the good listing of HDFC Standard Life Insurance Co. set the ball rolling for the Indian markets. Earlier during the week, the markets continued to correct with the Nifty slipping below the support level of 10125 on Wednesday. However, an immediate bounce back on Thursday from this level followed by Friday’s gains saw the market post a good 100 point gain for the week.

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
JUBILANT FOODWORKS 1761.35 1689 1700.6 1749.8 1810.6 1920.6 70 1663.4 29-09-17
VAKRANGEE 658 599 618 639 679 740 67.3 577.7 13-10-17
KPIT TECHNOLOGIES 166.25 155.9 158.1 164.1 172.2 186.3 65.3 153.7 15-09-17
TATA METALIKS 804 769 774.7 798.3 827.7 880.7 62.1 784.5 13-10-17
SOBHA 527.35 495.6 501.9 521 546.4 590.8 62.1 514.7 13-10-17

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
GREAVES COTTON 122.15 109.8 118.3 122.9 126.7 127.5 24.16 126.36 15-09-17
FORTIS HEALTHCARE 129.85 106.1 123.4 134.3 140.8 145.2 29.05 138.29 19-10-17
SUZLON ENERGY 13.75 10.4 12.7 13.9 15 15.1 30.80 15.44 10-11-17
RELIANCE POWER 36.90 29.3 34.4 37.1 39.6 39.8 31.68 39.49 10-11-17
LUPIN 829 791 817 831 843 845 33.03 928.25 27-10-17
Believe It or Not

Amal Ltd recommended at Rs.152.60 last week, hit a high of Rs.226 fetching 48% returns in just 1 week!

McDowell Holdings recommended at Rs.41.75 last week, hit a high of Rs.57.45 fetching 38% returns in just 1 week!

Pressman Advertising recommended at Rs.63.90 last week, hit a high of Rs.79.20 fetching 24% returns in just 1 week!

B L Kashyap & Sons recommended at Rs.42.60 on 30 October 2017, hit a high of Rs.71.35 last week fetching 67% returns in just 2 weeks!


Top Stories
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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