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   Money Times Volume No. XXVII
   Edition No.11 Dated: 150118
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Follow-up rise likely with volatility
Lead Story
Markets touch historic highs
The markets surged to fresh historic highs last week inching closer to the 10700 mark in spite of intermediate bouts of profit-booking and selling pressure. Regular follow-up buying support though selective helped the markets move higher. The FIIs turned sellers during the week in the cash segment. However, they were seen hedging their positions by remaining net buyers in the derivatives segment. The DIs on the other hand were net buyers during the week and were seen supporting the markets regularly. The breadth of the market remained negative amidst low volumes and buying support in mainline stocks. Crude oil prices rose on the back of a fall in inventory data. Brent Crude surpassed the $69 mark before softening a little on Friday. The rising crude oil prices remain a worry for the country’s economy.

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
PC JEWELLER 549.05 490 508.7 530.4 570.7 632.7 76.1 485.1 10-11-17
VAKRANGEE 442 403.7 412.1 433.6 463.4 514.7 74.2 416.8 13-10-17
JINDAL STEEL & POWER 264.80 245.4 248.7 261.5 277.6 306.5 73 223.4 22-12-17
OIL INDIA 383.75 375.7 376.7 382.8 389.8 403 71.7 373.8 29-12-17
GVK POWER INFRASTRUCTURE 25.60 19.6 21.6 23.6 27.6 33.6 70.2 20.4 15-12-17

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
FORTIS HEALTHCARE 144.50 111.6 136 151.9 160.4 167.8 45.28 152.67 12-01-18
AUROBINDO PHARMA 668 643.3 661.3 672.7 679.3 684 46.10 677.25 05-01-18
MAX FINANCIAL SERVICES 568.50 515.9 553.3 575.4 590.6 597.5 47.20 584.65 12-01-18
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Believe It or Not

Flex Foods recommended at Rs.129.15 in TF last week, hit a high of Rs.155.50 fetching 20% returns in just 1 week!

Hind Aluminium Industries recommended at Rs.138.15 in TT last week, hit a high of Rs.165 fetching 19% returns in just 1 week!

Indbank Merchant Banking Services recommended at Rs.26.40 in TT last week, hit a high of Rs.31.40 fetching 19% returns in just 1 week!

HIL recommended at Rs.1496 in BB on 1 January 2018, hit a high of Rs.1775 fetching 19% returns in just 2 weeks!


Top Stories

Important Announcement
-    

Errata:


1) In the article on Som Distilleries & Breweries Ltd by Vihari published in the latest issue of Money Times dated 15-21 January 2018, the last sentence should be read as 


The stock has the potential to cross Rs.350 in the long term.


2) In the article on Maan Aluminium Ltd by Pratit Nayan Patel published in the latest issue of Money Times dated 15-21 January 2018, a line from his previous article on another scrip from the old template about Ashish Kacholia having acquired 10 lakh shares has inadvertently slipped in instead of being deleted. Readers are requested to ignore this line from the write-up as the writer or Money Times is not aware of Mr. Kacholia's interest in Maan Aluminium Ltd. The error is sincerely regretted. 

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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