The best part of the
technical analysis is that it teaches you to be more process-driven, it also
allows traders/investors to relax & enjoy their investment journey. The foremost
benefit of learning or using technical analysis is it reduces anxiety by more
than 70%.
In the previous week, Nifty made a nice pointed top reversal
pattern and very next days bounced off, which is again a normal behavior, the Nifty
move on Thursday or Tithi-3 was dramatic, and it gave clarity that panic is
setting in the bearish camp. On the daily chart, Nifty is above 322, which has
traditionally given a nice reversal.
As we have asked to reduce leveraged exposure and also partial
profit booking is highly recommended. On the daily charts, we have now a very
close CB and that is 17260.
Investors can hold 17260 as an exit point for 25 to 40% of their
investment, it has been observed a 322 level would need consolidation of 4 to 7
months for the further rise, the consolidation zone gives enough room for re-investment.
One more positive spike on the charts indicated as per the @TIMEmap.
Positive stocks – Bharti, Reliance, Torrant Power, Kotak Bank,
Grasim, and TCS.
Negative – ITC, SBIN, ICICI, FORTIS, BAJAJ FINSERVE.
September 27, 2021: Monday: K.6: Rohini: Good Day
Higher opening most probably would be followed by corrective price
decline all through the day. Tithi triggers corrective movements, and reversal
trades, the nakshatra of the moon is soft by nature, because of which participants
are more cautious, and act conservatively. Sun in Hasta, overall brings
corrective movement in the markets.
Investors should choose or wait for prices to dip or drop, completely
avoid chasing price. The Nakshatra hasta big-time rewards ‘Patience’. A Negative
close is expected.
September 28, 2021: Tuesday: K.7: Mrugga: Volatile Day.
A flat or negative opening of indices is expected. Sentiment in
the markets would be very confusing, most participants would be hesitant to
participate in the markets. Volatility would be slightly higher, while volumes
would be on the lower side, as said above hesitancy would be seen in the retail
behavior. The communication sector along with the Defense-related stocks would
give a sweet positive surprise, on the other hand, technology and cement stocks
would witness selling pressure from the retail and funds.
Aggression would reward big time, high
beta stocks should be traded. STBT is highly recommended, use the combination
of pattern failure & momentum indicators.
September 29, 2021: Wednesday: K.8: Ardra: Big movement Day
Gap down opening and zigzag movement would hurt most of the day
traders, wide volatility would trigger the stop losses and keep pushing traders
out of the markets. Tithi is considered
best to participate in the markets with the contrarian ideas trade/investment
ideas. Nakshatra is best for the breakout indicators, and the best is ‘V’ shape
recovery or uptrend reversal get formed, under the influence of Tithi 8 &
Nakshatra Ardra. Sun 120 Saturn is good aspects, and best for the momentum
indicators, momentum on either side. Venus 120 Neptune, indicates MEDIA, FMCG
and lastly hospitality business Big Names would attract big investment flows.
Indian Hotels can give a big surprise.
September 30, 2021: Thursday: K.9: Punervasu: Auspicious Day
Tithi Navami needs no introduction, it is the best Tithi for the
Sell first & buy later trades, success rate, and risk-reward is very
positive. Traders and investors need to understand that it is 1 day but exactly
the opposite action based on the time cycle map, for the short term or rather
intraday or 72 hours traders it is SELL first and long term investor it is a
BUY first day.
Nakshatra Punervasu is best for the turnaround
stories, and currently, few good quality turnaround stories are there that could
take some extra time but can reward very handsomely. Best day of the week to
look for a 2-year investment horizon.
October 1, 2021: Friday: K.10: Pushya: Good till 11
A higher opening of the indices is expected, sentiment in the
would be very positive. Tithi 10, triggers the mind of the matured investors,
or deep-pocket investors, who get active in the market, long term sticky money
flows. Nakshatra Pushya again needs no introduction it is considered best for long-term
investment, metal sector would be very active today, volatility would be in a small
range. Select stocks would witness big volumes and might trigger all the volume
indicators. Another sector that would be active or witness profit booking and
churning of the portfolio would be PHARMA.
The view is positive for the day, after all the volatility markets
ideally should give a positive close.
Thank you
Futurologist