Can we help ?
- X
Please leave your details, we will get back to you soon
powered by AlphaCentauri
Thank you, we have received your message and will revert to you shortly
powered by AlphaCentauri
   Money Times Volume No. XXVII
   Edition No.42 Dated: 200818
Login | Register
Home
|
About us
|
Products
|
Advertise with us
|
Subscribe
|
Feedback
|
Career
|
Contact us
Up-move to continue above 38100
Lead Story
Follow-up buying support needed
The markets remained rangebound last week. The prevailing overbought conditions weighed on the market sentiment at the beginning of the week on account of weak global cues and the depreciating rupee. Intermediate bouts of profit-booking and selling pressure were seen regularly. However, by the end of the week, the markets recovered smartly on the back of buying support at the lower levels. The breadth of the market remained weak amidst low volumes. The FIIs turned net sellers in the cash segment but were seen hedging their positions by remaining net buyers in the derivatives segment. The DIIs remained net buyers and were seen supporting the markets at the lower levels. On the global front, the trade barrier issue continued to weigh on the market sentiment. Crude oil prices moved lower amidst growing concerns about slowing global economic growth that could hit the demand for petroleum products as the inventories build-up continued. On the domestic front, the rupee continued to depreciate against the green buck moving above the 70 mark.

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 10875.35 10695 10730 10840 10985 11240 75.8 10543.8 06-07-18
BATA INDIA 1013.70 967 979 1002 1037 1095 75.2 960.8 27-07-18
INFOSYS 1431.35 1380 1395 1416 1452 1509 73.7 1388.8 18-05-18
BAJAJ FINANCE 2852.85 2756 2769.7 2839.3 2922.7 3075.7 72.5 2762 18-05-18
NIIT TECHONOLOGIES 1332.30 1252 1273.4 1310.9 1369.7 1466 72.2 1287.1 13-07-18

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
TATA MOTOR DVR 136 126.7 133.1 136.5 139.5 140 28.76 141.95 29-06-18
REDINGTON (INDIA) 95.65 76.4 89.4 96.1 102.4 102.9 29.42 105.70 03-08-18
HMT 22.75 18.9 21.7 23.3 24.4 25 29.70 23.41 17-08-18
MANGALORE REFINERY & PETROCHEMICALS 81.05 72.8 78.5 81.6 84.2 84.7 30.48 82.42 17-08-18
SPICEJET 85 74.9 82.3 87.1 89.7 91.8 30.96 94.39 20-07-18
Believe It or Not

Pix Transmissions recommended at Rs.164.80 in TT last week, zoomed to Rs.209 appreciating 27% in just 1 week!

Universal Cables recommended at Rs.171.45 in TT last week, zoomed to Rs.203.45 appreciating 19% in just 1 week!

Globus Spirit recommended at Rs.128.45 in TT last week, zoomed to Rs.152.80 appreciating 19% in just 1 week!

Firstsource Solutions recommended at Rs.60.75 in FF last week, zoomed to Rs.66.75 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.
©2017 Time Communications Publication . ALL RIGHTS RESERVED
Designed and Maintained by AlphaCentauri.in