Weekly October 11 to 14th

 

 

The Trail stop for the short-term position is 17260, breaking of it will indicate a minor corrective phase ahead. What is the probability it getting triggered or broken before the expiry of the October series, as per #TimeMap is above 58% to 65%.

We are entering in Chitra Nakshatra phase, volatility would expand, the next move SUN in Swati Nakshatra will be from October 23^rd to November 6^th, which is the best or most auspicious nakshatra or no.1 phase on #TimeMap to invest in the capital markets.

As it has been mentioned October 28^th is the best day or most Auspicious Day of the year.

Moon in Pushya and Sun in Swati on the previous occasion was October 31, 2018, November 2, 2015, and October 26^th, 2013.

above combination on Thursday was 04-11-2004 and 01-11-2007 on both occasions markets gave nominal negative close, but a positive move has occurred with 15 days' perspective.

The IT stocks or the sector is showing the more negative influence and Infra more clearly construction and manufacturing companies showing big positive results.

LT, BPCL, MANAPPURAM, ABFRL, SIEMENS, HAVELLS, WHIRLPOOL is coming as very positive stock.

 

Current planet positions are interestingly tricky, opportunities would spring in abundance, how to capture and use them depends on the individual's skillset.  

The week ahead, broadly speaking bias is slightly cautious, and we have been recommending equity exposure be reduced to 70% and 30% be kept in the liquid funds.

Day 1 – October 11, we are expecting a flat to negative opening and after initial volatility markets will witness buying support especially in the Capital goods sector, Banking stocks especially the PSU banks would witness a lot of positive flows. On the other hand Metals and Technology would see a little bit of selling pressure. Cement stocks can be the best and should give a nice jump from the intraday lows. in the opening session mean reversion systems would give excellent results. BTST in Auto and Cement recommended.

Day 2 – October 12, the Higher opening should not be a surprise, Tithi is positive gives wide movement and the Nakshatra of the moon is good for booking profits, so ideally rising tendency in the markets cannot be ruled out. the best strategy is to have market-neutral long-short baskets not only for today overall month of October, volatility, sector rotation and churning of the portfolio would give both side trading opportunities.

STBT is highly recommended.

Day 3 – October 13, Gap down opening cannot be ruled out. broadly we would recommend a sell and buy strategy for the day that would give better results. breakout failure would be the best pattern to trade. in case markets fall towards the end, do carry very selective BTST positions.

Day 4 – October 14, higher opening and a quick rise in prices due to aggressive follow-up buying cannot be ruled out. Traders can make the best intraday profits today. Moon is in multiple aspects with other planets, markets will be volatile, and would give nice trading opportunities.

 

 

Broadly as mentioned above slight pressure would be felt at the current levels, breaking of 17260 would indicate daily reversal with the target of 15750 to 15900 levels.  TimeMap from October 15^th indicates one of the highest risk zones for the bulls, and not only in India but the global markets.