Monday, July 05, 2021

 

The nifty index gave a negative weekly closing. VIX has hit a new recent low and this is not a good sign, big correction cannot be ruled out. The markets are strong and it would take some effort or series of bad news to push the markets in the downtrend on weekly charts, reason is given below.

Daily CB is at 15450, Nifty trading below CB will signal to reduce long exposure. The undercurrent is strong, do not worry, as perfect sell on daily chart 261% is at 14760 and 322 level is 14510, which is still above the level of Weekly CB that is at 14100.

Sunday to Wednesday, Series of planetary aspects showing a high probability of wealth destruction natural as well as due to human error. We recommend to remain very careful and avoid getting carried away. We would suggest avoiding fresh investment for the next 10 days. On the upside 16138 seems extremely tough to get crossed.

 

July 05, 2021: Monday: K.11: Bharni-12.12/Krutikka: Volatile Mixed trend.

Ideally, we should get a higher opening on indices, and then followed a quick rise due to short covering. Market sentiment would be positive, but post-lunch we are expecting a big fall in the markets. Tithi 11, is bearish and Nakshatra Kruttika gives directional moves in the markets, which can trigger a sudden drop in the market sentiment.

We would recommend reducing long exposure and avoid new investments in the current week. Sell and buy strategy would be rewarding.

Buy – Axis Bank, Havells, Manapprum, RBL Bank, and ITC.

Sell- Petronet, Tata steel, Lic hous fin. Tata Chem, and Cummins.

 

July 06, 2021: Tuesday: K.12: Kruttika- 15.20: Good after 15.30.

A lower opening cannot be ruled out. Tithi 12 – proactive action gets rewarded, another important point, the specific task was driven action get initiated and more often the operator is successful. New issue listing or stocks, mergers also turn out good. As mentioned the best thing one can do today is start a specific task.

Mercury 90 Neptune, aspect is misguiding and more often a person holding a senior position generally take some wrong decisions, which can hit the company or some stocks or a sector. Chances of negative remarks from a very senior minister or country head of a Central bank will trigger a panic in the markets.

Breakout & momentum indicators give the best results, participate aggressively in 1 or 2 counters and hold the profitable positions, till the end of the day.

Buy – SUN tv, MARICO, MOTHERSON, BHARAT FORGE, CADILLA, and APL

Sell- PVR, GODREJIND, BPCL, TISCO, and TATA MOT

 

July 07, 2021: Wednesday: K.13: Rohini: High Friction day

Market sentiment would be positive, traders would be willing to participate and volumes would be significantly higher due to enthusiastic retail participation.

Nakshatra is comparatively weak but good for real estate and communication-related hardware manufacturers. Textile is another sector that attracts positive vibes under the influence of Rohini. Tithi has a high negative influence on oil and related sector stocks, including oil marketing companies. Reliance gives the best trading opportunity and should be watched by some clear technical signals.

Buy – CADILLA, SRF, EICHER MOT, SBI, BOB, GODREJCP, and HAVELLS.

Sell – Dr.Reddy, VEDL, BHARTI, MARUTI, ZEETV, BASF, and BPCL.

 

July 08, 2021: Thursday: K.14: Mrugga: Bad Day

Avoid new initiatives. Nakshatra and Tithi both are good for focused swift action. The matured and strong hands are very active but specific today, overall activity in the market would be high. Mrugga is one of the very violent nakshatras. We have noticed that under the influence of Mrugga- EGO hits high, and most participants are more into revenge trades. one of the rare days, when aggression pays well, try to act fast, do not wait – ride momentum stocks, as we always say stocks moving in any direction if above 4% trade in the same direction, and one can make big money.

Venus 90 Uranus – is a wealth destructive aspect, index heavyweight stock would come under selling pressure and might fall more than 5% to 8%.

Buy – PIDILITE, LTI, SBI, HDFC, COAL, BHEL and HINDALCO

Sell – ICICIPRU, TISCO, MNM, WHIRLPOOL, and Exide.

 

July 09, 2021: Friday: Amavasya: Ardra: Bad Day

In the south Amavasya is considered positive, and in the north, it is considered negative. The fact is under the Amavasya influence the human mind is more stable or slightly low on energy, a stock market is a place where – being stable & consistent is more important, Amavasya is good for the markets. Take a decision based on logic and proper fundamentals and only then one can earn big money. Trend following signals would give huge profits, overall our view for the week is bad, and do not see any reason to be optimistic on the markets. once again Sell and Buy would give better profits.

Sell – CIPLA, TATA MOTOR, GODREJ ID, HCLTECH, and MUTOOT fin.

BUY – SUN pharma, Infosys, Whirlpool, and PI IND.

Thank You

Mahesh Gowande

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