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T I M E S
A TIME COMMUNICATIONS PUBLICATION
VOL XXVII No.20 Monday, 19 – 25 March 2018 Pgs.25 Rs.20
BAZAR.COM
TRADING ON TECHNICALS
20000.00
15000.00
10000.00 Series1
5000.00
0.00
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Weekly Chart
The weekly resistance will be at 33795-34752-34610. The weekly lower range can be 32838-31880.
Yearly Chart
The Centre Points for all the indices must be watched as they could be the likely supports during the year for intra-day/
year corrections and for consolidation.
From the yearly chart perspective, it seems that the Sensex and the Nifty are keen to test the Yearly Centre Point of
31547 and 9739 respectively in the near-to-short-term. Consolidation must happen near the Yearly Centre Point in
order for a breakout attempt to sustain above the Yearly Level 3 (L3) as shown in the table. At this point, the indices are
in a correction mode.
Index Dec-17 Level 1 Level 2 Centre Point Level 3 Level 4
Nifty 50 10531 6507 8926 9739 11344 13763
Nifty Bank 25539 12140 20262 23108 28385 36508
S&P BSE Sensex 34057 21266 28957 31547 36648 44338
S&P BSE Mid-Cap 17822 8095 13937 15894 19779 25622
S&P BSE Small-Cap 19231 7268 14452 16857 21636 28820
Weekly Up
Scrip Last Level Level Center Level Level Relative
Reversal Trend
Close 1 2 Point 3 4 Strength
Value Date
Weak Demand Demand Supply Supply
below point point point point
TECH MAHINDRA 634.65 613.2 614.6 633.2 653.3 692.1 69 621.4 23-02-18
KPIT TECHNOLOGIES 228.10 210.5 215 223.6 236.8 258.6 63.4 214.8 23-02-18
CHOLAMANDALAM
INVESTMENT AND FINANCE
COMPANY 1462 1393 1405.7 1449.3 1505.7 1605.7 60.8 1434 09-02-18
TV18 BROADCAST 66.60 62.7 63.1 66.3 69.8 76.6 60.4 62.3 23-02-18
BHARAT FINANCIAL
INCLUSION 1059.90 1040 1040.8 1059.1 1078.2 1115.7 58.9 1030.7 01-03-18
*Note: Up and Down Trend are based of set of moving averages as reference point to define a trend. Close below
averages is defined as down trend. Close above averages is defined as up trend. Volatility (Up/Down) within Down
Trend can happen/ Volatility (Up/Down) within Up Trend can happen. Relative Strength (RS) is statistical
indicator. Weekly Reversal is the value of the average.
Weekly Down
Scrip Last Level Level Center Level Level Relative
Reversal Trend
Close 1 2 Point 3 4 Strength
Value Date
Demand Demand Supply Supply Strong
point point point point above
MAX FINANCIAL SERVICES 446.70 396.5 433.5 457.2 470.5 481 25.69 478.27 12-01-18
POWER FINANCE
CORPORATION 88.10 77.1 84.9 89.4 92.6 94 25.85 97.85 19-01-18
FORCE MOTORS 2772 2614.3 2728.3 2798.7 2842.3 2869 30.79 2875.25 09-03-18
JAMMU & KASHMIR BANK 59.05 50.6 56.4 59.6 62.2 62.8 31.27 63.18 19-01-18
BEML 1073 965.3 1043.3 1091.7 1121.3 1140 31.91 1161.75 12-01-18
EXIT LIST
Note: SA-Strong Above, DP-Demand Point, SP- Supply Point, SA- Strong Above
Scrip Last Close Supply Point Supply Point Supply Point Strong Above Demand Point Monthly RS
TVS MOTOR COMPANY 631 646.21 654 661.79 687 580.2 37.64
PETRONET LNG 235 235.07 237.25 239.43 246.50 216.6 37.73
DCM SHRIRAM 476.10 512.98 525.78 538.57 580 404.5 40.96
MARUTI SUZUKI INDIA 8690 8719.32 8771 8822.68 8990 8281.3 42.28
TATA STEEL 600 628.76 639.50 650.24 685 537.8 42.34
RAJESH EXPORTS 761 786.76 797.50 808.24 843 695.8 42.74
BUY LIST
Note: SA-Strong Above, DP-Demand Point, SP- Supply Point, SA- Strong Above
Scrip Last Close Demand point Demand point Demand Point Weak below Supply Point Monthly RS
PUNTER PICKS
Note: Positional trade and exit at stop loss or target whichever is earlier. Not an intra-day trade. A delivery based trade for a possible time frame
of 1-7 trading days. Exit at first target or above.
Note: SA-Strong Above, DP-Demand Point, SP- Supply Point, SA- Strong Above, RS- Strength
Weak RS-
Scrip BSE Code Last Close Demand Point Trigger Supply point Supply point
below Strength
- - - - - - - - -
TOWER TALK
Talbros Automotive Components has won orders worth Rs.35 crore from Dana Spicer India. For Q3FY18, it
clocked a 51% higher PAT and is an attractive buy.
Bharat Heavy Electricals has secured an order worth Rs.736 crore for nuclear steam generators. A good long-term
buy.
Goa Carbon announced that the direction by the Goa State Pollution Control Board to suspend operations stands
revoked. A positive for the company. Buy.
Bank of India has recovered Rs.777 crore worth standby LOC and expects another Rs.2000 crore to be recovered in
the next two months. Buy selectively.
Dilip Buildcon has again emerged as the lowest bidder for a project worth Rs.1004 crore in Madhya Pradesh. Its
share price may jump. A good buy.
Yes Bank has recently sold 2.17% stake in Fortis Healthcare. Others may follow suit. Sell.
Himachal Futuristic Communications is reportedly planning an investment of ~Rs.300 crore to put up an optical
fibre manufacturing facility in Telangana. Patient investors may buy for the long-term.
Bharti Airtel plans to raise Rs.16500 crore via NCDs and Bonds including $1 bn foreign currency bonds to refinance
loans and pay for spectrum and raise its market share by ~5%. A big positive.
Purvankara is contemplating a housing project in Goa at an investment of ~Rs.500 crore, which will boost its
profitability. Buy.
Billionaire Paul Singers Elliot Management Corporation has bought 1.8555 mn ADRs (~0.4% of capital) of Wipro.
This may act as a morale booster for the company. Buy.
PNB Housing Finance is considering a Rs.8000 crore debt issue to fund its expansion programs. A positive for the
company.
STOCK WATCH
By Amit Kumar Gupta
PRESS RELEASE
STOCK BUZZ
Nifty in downtrend
By Rohan Nalavade Another successful year for TF+ subscribers…
In March 2018 so far, the Nifty has moved
downward from 10600 to 10200. Since the Nifty What TF+ subscribers say:
has closed below 10260, we may see new lows of
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25% on a fall of 10% or more. sound and technically strong stocks that can yield handsome
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The market is volatile and hence good trading
opportunities exist on both the buy and sell sides. Most of our recommendations have fetched excellent returns to
The Nifty shows strong resistance and a reversal our subscribers. Of the 156 stocks recommended between 11
sell from 10430 to 10300. Below 10260, it will test January 2016 and 2 January 2017 (52 weeks), we booked profit in
125 stocks, 27 triggered the stop loss.
fresh monthly lows. 10150, being the 200-day
moving average, is a critical level. 10050 has acted Of the 156 stocks recommended between 9 January 2017 and 1
as a major support level over the last six months. January 2018 (52 weeks), we booked 7-41% profit in 124 stocks,
Nifty below 10350 offers shorting opportunities. 28 triggered the stop loss of 2-18% while 4 are still open. Out of 4,
2 stocks are in green & 2 stocks are in nominal red
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sentiment and another 91 cases are expected to
For more details, contact Money Times on
come out soon. Thus, the market is bearish and the
022-22616970/22654805 or moneytimes.support@gmail.com.
overall trend is down. Hence, trading in line with
the trend will be beneficiary. Subscription Rate: 1 month: Rs.2500; 3 months: Rs.6000;
6 months: Rs.11000; 1 year: Rs.18000.
Among stocks,
Sell Hindalco Industries below Rs.224-225
for a target of Rs.220.213 (SL: Rs.227)
Sell State Bank of India below Rs.254 for a target of Rs.250-245-240 (SL: Rs.259)
Sell Vedanta below Rs.315 for a target of Rs.310-305-300 (SL: Rs.319)
Sell Axis Bank below Rs.528-529 for a target of Rs.504-500-495 (SL: Rs.532)
Sell Larsen & Toubro below Rs.1285-90 for a target of Rs.1265-1250 (SL: Rs.1300)
Learn to trade at tops and bottoms in our upcoming W.D. Gann Price Trading session on Friday, 30 March 2018. To know
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EXPERT EYE
By Vihari
TECHNO FUNDA
By Nayan Patel
BULL’S EYE
Disclaimer: Investment recommendations made in Money Times are for information purposes only and derived from sources that are deemed to
be reliable but their accuracy and completeness are not guaranteed. Money Times or the analyst/writer does not accept any liability for the use of
this column for the buying or selling of securities. Readers of this column who buy or sell securities based on the information in this column 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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