Weekly September 13 to 17, 2021

 

Would it be a big surprise if we see 17900 the answer is NO, and would it be a shock to see nifty at 15300, again NO. Would it be surprising if both above levels get traded in the next 88 Days, again the answer is NO.

Trail stop for the Nifty on the daily chart is at 16200, weekly chart it is 15390 and on the monthly chart, it is 13650.

Positive stocks of the week – JSPL, MARUTI, HDFCBK, REC, ICICIBK, and DLF.

Sell stocks- Manappuram, Tata Steel, Supreme Ind, Reliance, Godrej Agrovet, and SBI.

 

September 13, 2021: Monday: S.7: Anuradha/Jyestha: Optimistic Day

The global cues suggesting a negative opening. After a long weekend, a negative opening is common, and it also indicates a probable reversal.

Tithi 7, masses tend to participate more in the markets, and the retail volume spikes up, the influence of Tithi is visibly clear. Nakshatra Jyestha is active or ruling during the trading time of the day, which is considered best for selling or profit booking.

Interesting note – SUN entering Nakshatra Uttara – 15.03 means – divergence indicators would dominate next 13 days.

Our broad view is – after lower or flat opening, due to retail or even selective fund buying will push markets in the positive zone, and the rise might surprise, but there is a good chance rise and fall would be very fast and deceptive. We suggest Selling or profit booking during the day. Pharma n communication stocks would be positive, select PSU stocks would hog the limelight, while – Technology, extremely valued retail stocks would attract selling pressure.

 

September 14, 2021: Tuesday: S.8: Jystha/Moola: Bullish day

A higher opening of indices is expected. The infrastructure index would be positive, and, Automobile, cement, steel, and textile-related stocks would rise from the opening levels, and some might scale new high. Market sentiment is likely to be optimistic, BUY and SELL strategy should give a better intraday result. Index heavy stocks might witness selling pressure.

Jupiter in retrograde motion re-entering Capricorn is today, it will directly impact index, and corrective movement cannot be ruled out. Ideally, September 10^th onwards next 30 days are a little high risk for the traders and also the investors.

We would recommend reducing leveraged exposure, and actually, and be hedged.

 

September 15, 2021: Wednesday: S.9-11.18/S.10: P.Shadha: Volatile Day

A big gap down would confirm further hammering in the coming few days. As we all know, 2^nd part of the Navami – has consistently delivered negative results, and today expected more prominently. Nakshatra is good for selling, today it is the auspicious day to book profits, and withdraw money from the capital markets. Momentum reversal or pointed top is the best pattern to look for sell strategies. in the second half that in the post-lunch session, the oversold reversal indicator would give the best profits.

 

September 16, 2021: Thursday: S.10-9.37/S.11: U.Shadha: Auspicious day

Very good chance of higher opening, and there would be a follow-up aggressive buying that would change the mood of the markets, ideally, we would look for reducing exposure or sell on the rise. Tithi is auspicious and bearish, while nakshatra of the moon gives big wide directional movement. Bank stocks showing positive and Technology stocks are showing a bit negative movement. The engineering and Auto Ancillary sector is also likely to witness a good amount of hammering. Weekly options – the expectation is falt close after intraday volatility markets would close around previous levels.

STBT is highly recommended.

 

September 17, 2021: Friday: S.11 8.07/S.12: Shravan: Investment Day

Tithi is very good to initiate new trading positions. Proactive, action reward nicely. Generally, traders tend to respond to a particular signal, pattern, or combination of signals. Tithi 12, influence is best to take proactive actions, decide or plan trades and execute, is the simple mantra.  Nakshatra of the moon Shravan is listening to your voice, and also Mr.Market, finest Khabri calls get generated, under the influence of Nakshatra Shravan. so from a trading perspective khabri is the best source.

Our view is slightly negative, overall Monday to Friday expectation is lower or negative close.  Day traders look for Sell and Buy strategies.