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   Money Times Volume No. XXVIII
   Edition No.1 Dated: 051118
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Sensex to test lower top of 35605
Lead Story
Follow-up support needed at higher levels
The markets witnessed a smart rally last week crossing the 10600 mark on Friday but closing a little below it. The markets respected the psychologically important 10K support level and bounced back with a vengeance. Positive news flow on the domestic front and falling crude oil prices helped improve the market sentiment. The settlement of the RBI-Finance Ministry spat also triggered the rally. The FIIs continued to be net sellers in the cash segment but remained net buyers in the derivatives segment. The DIIs continued to support the markets at the lower levels and remained net buyers. The breadth of the market remained positive amidst low volumes. On the global front, crude oil prices continued to remain soft on account of higher production. However, Iran sanctions from 5th November could push crude oil prices higher. On the domestic front, the earnings season remained a mixed bag.

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
ICICI BANK 354.3 326.7 334.5 346.5 366.3 398 57.3 325.8 12-10-18
WEST COAST PAPER MILLS 395.05 350 358.5 386.5 423.1 487.6 57.2 356.6 19-10-18
DIVI'S LABORATORIES 1499.05 1325 1375.3 1448.7 1572.3 1769.3 57.1 1331.5 02-11-18
INTERNATIONAL PAPER APPM 515.75 459.8 469.6 506 552.1 634.7 56.8 477.9 12-10-18
GE POWER INDIA 836.6 792 806.7 822.3 852.7 898.7 56.7 799.3 05-10-18

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
CESC 689.2 339 590 742 841 894 26.97 836.25 26-10-18
GUJARAT PIPAVAV PORT 98.15 88.5 95.6 100.2 102.8 104.8 32.88 101.40 26-10-18
HINDUSTAN ZINC 264 227.4 254.3 271.4 281.1 288.5 36.35 276.41 26-10-18
COAL INDIA 261.35 220.6 250.4 269.4 280.3 288.3 40.05 274.16 02-11-18
NTPC 157.9 149.1 155 157.9 160.9 160.9 43.09 160.77 21-09-18
Believe It or Not

Mindtree recommended at Rs.770.15 in SW last week, zoomed to Rs.892 appreciating 16% in just 1 week!

IOL Chemicals & Pharmaceuticals recommended at Rs.118.90 in TT last week, zoomed to Rs.136.70 appreciating 15% in just 1 week!

Greenply Industries recommended at Rs.128.20 in BB last week, zoomed to Rs.143.95 appreciating 12% in just 1 week!

Pudumjee Paper Products recommended at Rs.21.25 in BE last week, zoomed to Rs.23.75 appreciating 12% in just 1 week!


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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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