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   Money Times Volume No. XXVII
   Edition No.33 Dated: 180618
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Further rally above 36000 closing
Lead Story
Buying support elusive
Last week, the markets started on a positive note on the back of positive global cues. Broad-based buying support was witnessed especially in mid-cap and small-cap stocks. However, weak economic data on the domestic front along with 25 bps rate hike by the US Federal Reserve and its statement hinting at more rate hikes in future saw the markets erase all gains. The breadth of the market remained positive amidst low volumes. The FIIs once again turned sellers in the cash and derivatives segment. However, the DIIs remained net buyers during the week and were seen supporting the markets. On the global front, crude oil prices remained volatile. Brent traded between $75-76 ahead of the OPEC meet on 22 June 2018. On the domestic front, India's current account deficit (CAD) rose to $13 billion in Q4. The deficit for FY18 rose to 1.9% of the GDP from 0.6% in FY17. The rise in trade deficit also weighed on the market sentiment negatively.

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
KOTAK MAHINDRA BANK 1334 1314 1319.3 1328.7 1343.3 1367.3 71.4 1317.5 06-04-18
MAHINDRA & MAHINDRA 921 910 911.7 919.3 928.7 945.7 71.4 897.8 01-06-18
DABUR INDIA 386.95 382.4 382.9 386.5 390.5 398.1 70 383.5 28-03-18
JUBILANT FOODWORKS 2720.75 2662.7 2677.3 2706.1 2749.5 2821.6 67.5 2639.3 25-05-18
BAJAJ FINANCE 2238 2199 2199.7 2237.3 2275.7 2351.7 66.9 2158.3 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
AMARA RAJA BATTERIES 773 713.7 755.7 780.3 797.7 805 43.73 781 18-05-18
E.I.D. PARRY (INDIA) 227.90 214.3 223.8 229.1 233.2 234.5 26.63 233.48 20-04-18
JET AIRWAYS (INDIA) 388.35 353.9 378.9 394.5 403.9 410 28.03 398.06 04-05-18
INDIA CEMENTS 116.45 107.3 114.1 118.5 120.9 122.9 30.12 122.77 27-04-18
UNICHEM LABORATORIES 234.10 206.2 226.8 240 247.3 253.2 31.06 249.33 18-05-18
Believe It or Not

PBM Polytex recommended at Rs.81.10 in TF last week, zoomed to Rs.97 appreciating 20% in just 1 week!

Acknit Industries recommended at Rs.89.35 in TT last week, zoomed to Rs.99.70 appreciating 12% in just 1 week!

Nahar Capital & Financial Services recommended at Rs.124.90 in TF last week, zoomed to Rs.139 appreciating 11% in just 1 week!

National Plastic Industries recommended at Rs.53.90 in BE last week, zoomed to Rs.57.60 appreciating 7% 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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