Last week, Monday to Wednesday market sentiment should more
optimism, and markets went up, the rise & gains were given back in the last
two days.
The bottom of 15450 got confirmed on the daily charts, and the weekly
bottom has shifted to 14430. Markets love the investors, traders, and the speculators,
it gives enough opportunities and signals to make money, it gives 2nd
or even 3 chances to get out of loss-making trades. fear of height (expensive
valuation) is noticeable by the delivery volumes in frontline stocks. Falling
volatility and choppy movements are signs of a major either price correction or
long sideways of time correction.
July 12, 2021: Monday: S.2-8.20/S.3: Ashlesha: Good Day
Tithi gives a nice trend or a directional price movement on the
markets, the initial price move is slow and gradually picks the momentum. Breakouts
or consolidation breakout indicators give excellent responses to the Nakshatra
Ashlesha. Extremely well-planned aggressive actions, which have been noticed in
the past under the influence of Nakshatra Ashlesha. Metal sector stocks &
especially steel-producing stocks have a direct connection with the Ashlesha Nakshatra
Moon, big moves give superb trading opportunities. We highly recommend – trade-in
only momentum stocks, and preferably stick to the main trend movement. Positive
closing is expected.
STBT is highly recommended.
BUY—M&M, Dr.Reddy, SUN TV, HIND LEVER, Ramco Cem – McDowell.
SELL: --BEL, PI IND, WHIRLPOOL, ONGC, and Godrej.
July 13, 2021: Tuesday: S.3-8.25/S.4: Magha: Auspicious Day
A higher opening of the markets should not surprise a trader, and
he should be more confident about his trading plan of the day. Positive movement
is an opportunity to sell and book profits and if needed add more short
positions. Deception is the quality of Tithi
4, so wait for the confirmations, delayed participation would add benefits.
Cement, Textile and Real estate stocks, Low beta consumer sector
stocks tend to do well, sell trades in technology, index heavy, and high beta
stocks are the best to look for a sell trade. Market neutral long-short Baskets
would be a highly rewarding strategy for the day, going contrarian or against
the market short-term sentiment can give extremely high rewards.
Jupiter 120 Mercury – of July 12 would give more results today,
keep an eye on a cement or Infra stock for the big move, and IT & communication
stock for selling, keep the position for 3 to 8 days for bigger gains. STBT
recommended.
Buy – MARUTI, HDFC ltd, Infosys, JSW Steel, LT, MARUTI, and WIPRO
Sell – HERO, BASF, PIDILITE, HCL Tech, and Hindalco.
July 14, 2021: Wednesday: S.4-8.03/S.5: Poorva: Good day after 13
Tithi 5, gives or adds momentum to the exciting trend. Nakshatra
is optimistic, more often rising price movement has been recorded. Venus 0 Mars
is giving an extremely negative impact with the outlook of 5 days, and prominently
IT sector could witness selling pressure. View for the day is Sell on the rise,
Sell and Buy strategy would be rewarding. The financial index would witness a big
inflow of funds, banks, and NBFC’s could attract higher investment from the
deep-pocket investors. Watch Banks even for the smart intraday recovery and
bullish positions can be carried forward.
Do cover extremely oversold or bought counters, as BTST can be
contrarian ideas, or mean reversion systems.
SELL- ICICIPRU, PI IND, Deepak Nitrate, BAJAJ AUTO, and AB CAP.
BUY- Cummins, MANAPPRUM, BASF, KOTAK Bk, SBI, and BOB.
July 15, 2021: Thursday: S.5-7.09/S.6: Uttara: Bad Day
The influence of the Tithi 6 is likely to felt. Tithi 6 gives
short-term reversal and oversold or bought indicators give good results.
Nakshatra is slightly bullish. Stocks that have fallen in the last 4 to 7 days
are best to trade with contrarian bias, and we suggest investing in them. Preference
should be given to the sell trades, many companies would come out with surprising
negative results, and also would give a negative outlook.
Time to figure out how do you wish to take the position. BTST
recommended.
July 16, 2021: Friday: S.7: Hasta: Bullish Auspicious Day
Tithi gives nice movement in the market, volatility is slightly
high. Sentiment would be optimistic, participants would be active, ready to
take positions. The best response that can be given to the nakshatra is
patience, especially Investor, traders keep the trade ready, more often by the
end of the day, the markets have shown a bit bearish movement in the last hour.
Slow and steady decline or rise – movement is steady and directional that make the
day easy for the traders to make money. Best day of the week for the traders to
earn trading profits.
Buy – BIOCON, TATA MOT, JSW STEEL, HUL, and MARUTI
Sell – SUN pharma, APL, Bhel, Infosys, Hcl Tech, and BPCL.
Equity Futurologist
Mahesh Gowande
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