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   Money Times Volume No. XXVII
   Edition No.7 Dated: 181217
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Crossing supply zone critical
Lead Story
Follow-up buying support needed
The markets remained volatile and choppy last week ahead of the second round of Gujarat state elections and dismal economic numbers. Increased selling pressure was witnessed as the Nifty breached the 10200 mark. However, positive news flow on Thursday and positive exit poll results with BJP in the lead helped the markets recover on Thursday and Friday. The FIIs turned net buyers in the cash segment but turned net sellers in the derivatives segment. Moreover, the DIIs were net sellers during the week and were seen booking profits. The breadth of the market remained weak amidst low volumes, which is a negative sign for the markets and indicates unwinding of positions.

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
H.E.G. 1995 1829 1875.3 1948.7 2068.3 2261.3 79.6 1818.8 08-12-17
BALKRISHNA INDUSTRIES 2492 2366 2402 2456 2546 2690 74.4 2270.5 03-11-17
TITAN COMPANY 833 806 811.3 827.7 849.3 887.3 74.2 820 03-11-17
ASTRAL POLY TECHNIK 839.15 804 815.4 827.7 851.4 887.4 73.5 826.4 19-10-17
GRAPHITE INDIA 665 610 622.3 652.7 695.3 768.3 72.7 621.3 08-12-17

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
FORCE MOTORS 2995 2644.3 2900.3 3061.7 3156.3 3223 22.42 3209 22-09-17
BANK OF MAHARASHTRA 21.25 14 19.4 22.9 24.8 26.5 23.11 25.18 17-11-17
GREAVES COTTON 115.15 104.7 112.4 117.5 120.2 122.5 23.68 118.79 15-09-17
HOUSING DEVELOPMENT & INFRASTRUCTURE 53.35 45.8 51.2 54.3 56.5 57.5 35.27 58.16 01-12-17
SUZLON ENERGY 13.46 12.2 13.1 13.6 14 14.1 36.36 13.83 15-12-17
Believe It or Not

Sadhana Nitrochem recommended at Rs.73.50 in TT last week, hit a high of Rs.108.35 fetching 47% returns in just 1 week!

Prime Securities recommended at Rs.52.80 in TT last week, hit a high of Rs.66.50 fetching 26% returns in just 1 week!

Nagreeka Capital & Infrastructure recommended at Rs.48.05 in SA on 4 December 2017, hit a high of Rs.78 fetching 62% returns in just 2 weeks!

Archies recommended at Rs.33.30 in TT on 4 December 2017, hit a high of Rs.41 fetching 23% returns in just 2 weeks!


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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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