Weekly Oct 25 to 29th

 

Technically – The trend reversal on the daily chart has been confirmed, on the weekly chart, the reversal point is at 17310-17188. On the Line observation, 17245 becomes a crucial crossover for the trend to remain strong.

As everyone knows, I never like lines drawn on the charts, but just to show – Lines are to be drawn based on CT and CB basis, which might not necessarily be a high or low point on the charts. On the weekly chart, we have already reached 322 Fibonacci levels, which almost safe is for the monthly charts, which carry a significant amount of weight in my mind as a technical analyst.

In my opinion, as of now, no major pattern is developed on the charts, which needs urgent attention, but surely exposure trimming is recommended, below 75% is highly recommended, and 65% invested and 35% cash is ideal levels.

From the TimeCycle perspective, we have already seen big and wide volatility under the influence of Nakshatra Chitra, and any gaps developed under the influence of Nakshatra Chitra surely get filled very soon, which means within 18 weeks. Already on the daily charts, almost all the gaps got filled. As per expectation, sideways movement can last for another 3 to 6 months, and then we may see a directional movement. Chitra gave 500 point rise and 250 points fall within 14 days.

 Now SUN enters Nakshatra Swati – on the 23^rd. Which is considered the most Auspicious 14 days of the year to make long-term business commitments and also investment in the equity markets.

 

October 25^th, 2021: Monday

Tithi and the Nakshatra of the Moon – will give an extremely wide swift movement in the markets, the probability of a strong rise or positive pullback cannot be ruled out. Momentum breakout or consolidation breakouts give the finest results, aggressive participation and fast action will be an edge in today's trading, Gut feel or hunch trades give the best profits. Banking stocks would continue to give better performance, while technology and select retail stocks would attract the profit booking. high Beta counters like ICICI bank, HDFCbk will give big moves. TIME to watch 14.30 to 14.45 for the strong and rewarding signals on the 15-minute charts. STBT is highly recommended.

October 26, 2021: Tuesday: Difficult to make money today.

A gap down or a negative opening should not surprise traders. Tithi will give better rewards for the contrarian trade action. Tithi 6^th indicates, do not take things for granted and be alert, take 3^rd eye view and then enter the trade, delayed participation gives a better outcome. Moon Nakshatra Ardra gives big results, Nifty 50 showing positive movement and Nifty next 50 might attract selling pressure.

Infra companies are likely to witness some pressure, especially Adani Port is giving extreme negative numbers. Reliance is showing negativity. We believe while markets will give positive close from the opening levels, most investors would see more negative in the books. STBT should be continued even today.

October 27, 2021: Wednesday

Flat to the minor negative opening would be a very good signal for the bullish traders to get aggressive on the buy trades but very selectively. Tithi will change at 10.51, and actually few stocks would turn bullish after 11.15, watch them and take long positions, which can be carried over for tomorrow. Basically – Buy and Sell strategy would give a better result. Tithi is positively biased and favors bulls or long position holders. IT stocks will give a nice positive pull back, along with top 100 stocks. Positive closing is expected.

Most real economy stocks would attract profit booking, that is Auto, Cement, Textile, Chemical etc. While recovery positive positive divergence in Pharma would be seen.

October 28, 2021: Thursday

SUN in Nakshatra Swati, Moon in Nakshatra Pushya, and Thursday – GuruPushya Amrut Yog, As it was mentioned a few days back, the most auspicious day of the year, and maybe best in the past 2 and future 2 years, what we would come across, and so we as Ayan Analytics would advise initiating new business ideas, relationships, etc.  

TIME to watch after 12.50 and 13.25 we may see selling pressure in the markets. Investment is highly recommended, be slightly slow, and keep accumulating only strong high conviction ideas. BTST is recommended.

October 29, 2021: Friday

Ideally, markets should give higher opening and a small rise should get followed, after the initial rise, we might see selling pressure, but an overall positive view is maintained especially the Metal sector stocks would shine, and hog the limelight, PSU stocks would see big-ticket buying across the board. Buy trades would give much better profits. BTST is recommended, after TIME 14.10 aggressive short-covering and buying might push prices very positive momentum.