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   Money Times Volume No. XXVII
   Edition No.29 Dated: 210518
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Sustaining higher levels important
Lead Story
Weak global cues lead to selling pressure
The markets moved lower last week on account of weak global cues - the rise in Brent crude prices, which remained firm at $80; US 10-year yield hit 3.1% (the highest since 2011); and the dollar index surged to a 5-month high. The FIIs remained net sellers in the cash segment but were seen hedging their positions by being net buyers in the derivatives segment. The DIIs once again remained net buyers during the week. The breadth of the market remained weak amidst high volumes, which is a negative sign for the markets. On the domestic front, the BJP will have to prove its majority in the Karnataka assembly on Saturday as per the Supreme Court order. The inflation rate has started rising and the markets have started speculating about the rate hikes in the forthcoming RBI policy.

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
KPIT TECHNOLOGIES 261.05 255.8 255.9 260.9 266.0 276.0 75.5 254.8 13-04-18
KOTAK MAHINDRA BANK 1294.00 1259.0 1268.3 1284.7 1310.3 1352.3 74.9 1245.0 6/4/2018
TECH MAHINDRA 690.75 658.9 667.8 681.9 704.9 742.0 67.5 672.6 18-05-18
HINDUSTAN UNILEVER 1604.00 1495.0 1530.0 1569.0 1643.0 1756.0 67.5 1512.5 28-03-18
TATA CONSULTANCY SER 3502.35 3416.0 3435.6 3482.7 3549.4 3663.2 66.9 3474.7 6/4/2018

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
UCO BANK 18.00 16.4 17.6 18.3 18.7 19.0 21.46 19.05 20-04-18
POWER FINANCE CORP 74.10 61.0 70.8 77.2 80.5 83.6 21.54 81.88 20-04-18
PUNJAB NATIONAL BANK 74.75 51.7 68.9 80.2 86.0 91.5 23.00 87.14 20-04-18
ALLAHABAD BANK 37.75 25.9 34.7 40.5 43.5 46.2 24.53 44.95 20-04-18
E.I.D. PARRY (I) 242.70 211.1 234.1 248.6 257.1 263.0 24.71 259.85 20-04-18
Believe It or Not

Edelweiss Financial Services recommended at Rs.287.80 in SW last week, zoomed to Rs.325.60 appreciating 13% in just 1 week!

Nagarjuna Fertilisers & Chemicals recommended at Rs.15.40 in BB last week, zoomed to Rs.17.15 appreciating 11% in just 1 week!

IFB Industries recommended at Rs.1295.80 in TT last week, zoomed to Rs.1418.40 appreciating 9% in just 1 week!

Saksoft recommended at Rs.238.45 in TT last week, zoomed to Rs.255 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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