November 1st to November 6th Weekly TimeMap

 

As per basic principles of DOW theory, in the attached chart – strong hands have to protect 17265 and 17368 levels, and many institutional position traders will have MTM adjusted to these 2 levels, breaking of these levels would mean positions will require additional margins, or squared up, which could trigger the cascading effects. My observation generally such levels get defended once or twice. Looking at the current scenario bright chances that the levels would get broken and the probability is high that  16750 would get tested. Currently, there is no sell signal triggered on the weekly charts, so the main trend remains positive, breaking of 17368 will trigger trend reversal on the daily chart, and below 17265 confirmation of the first signal. An increase in volatility would mean markets will move further down, as it would need to get adjusted.  

 

on the TimeMap – last week 28^th October gave a perfect fall on the charts, which not only disturbed the market sentiment but most algo models went in major drawdown, and now increased volatility would further hurt such models.

The influence of Nakshatra Swati would remain in force till November 6^th which is Friday of this week. We had mentioned previously October 20^th and November 2^nd have close inter-relation and it would be a wealth destructive phase for the markets, so we are still broadly bearish on the markets, the price bounce should be used as an exit opportunity.

 

The first day of the week – November 1, 2021 – Monday.

As per the position of Sun and Moon, Tithi is calculated and as per the calculation Today, it is auspicious Ekadashi or Tithi-11^th, it has slightly bearish influence. The astronomical position is slightly negative, and momentum or price movement would be quick, it will not give time for the traders to execute calculated action. The aspect between planet Mercury 120 Jupiter will have a strong influence on the masses and would be seen in the price movement of high beta counters, and especially the natural resource sector along with specific metal stocks. recovery in prices in the post 13.40 is expected. STBT is recommended.

Negative – LIC house, Eicher Motor, Asian Paints, Tata Chem, and Tata Steel.

Positive Coal India, Ramco Cem, ICICI pru, Godrej Ind, Bharti, and Bajaj Auto.  

2^nd Day, November 2, 2021- Tuesday

The aspect between Mercury 90 Pluto, activates negative forces & influences, manmade or natural calamities destroy lives and wealth both. The opening session would be volatile, and the confusing signals on charts would make traders more restless, avoid hasty decisions, as markets will test patience. We suggest staying away from all the confusion and participating after clarity would be more important. Nakshatra Uttara gives nice momentum trades, and especially low-risk & high reward positive breakouts.

as mentioned – our view is to avoid position trades and stick to jobbing or intraday trades, small positions. No overnight positions are recommended.

 

3^rd Day, November 3, 2021 – Wednesday

A positive opening is a negative or a warning signal for the traders, and it means making money would be difficult today. GAP opening stocks would be the most interesting stocks to watch, after 9.45 to 10.15 most important intraday signals would get triggered on the hourly charts, we would recommend getting those signals to give 2^nd confirmation either today or maybe next week Monday and only then participate those signals. Delayed participation or action would give a huge advantage of clarity to the position traders, who can make a lot of money in a few days. The most important trigger would be strong hand operator news, looking for a genuine market flow or reading reports for authentic information, it will give the best probable results in the next 4 months. A flow needs to be understood and put up in an actionable plan, today it is best for such action.

Position – Maruti, Cummins, Tata Communication, BASF, Bharat Forge, TVS Motor, Sundaram Finance,  and Infosys Ltd.

 

All the Diwali Days including Muhurat day are very bad from the Astronomical point of view, and we would not be giving any Diwali Muhurat investment ideas to our clients.

We would not be doing any transactions on the Muhurat trading day.

 

Thank You

Futurologist