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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