Nifty
movement in the past 45 days has been amazing, and as we have been mentioning
this the first time in the past 18 months, we felt sentiment in the are getting
in the Euphoric mode. We have been cautious since 13500, kept booking profits,
but every rise was followed by a small correction, but last 9 days practically
7 days big candles gave the confirmation. Such moves give an early exit to long
position holders, as trail stops keep getting closer to the tops.
Technically
– The upside target is achieved, on the Fibonacci levels, Nifty has nicely
responded to 261-322 extension zones, and 17800 was the perfect level, and nifty
even crossed above 18000 and corrected. Our past observation has been from 322
we should get a minimum 200 level on Fibo, which is 15300.
on
the Daily chart, the level of 17510 is buying point, and 17330 is the stop.
Tomorrow
as per SGX nifty and #TimeMap markets are likely to open in positive and close
in big positive, from Monday to Wednesday overall sentiment would be positive,
and buying on big dips is highly recommended, on Thursday and Friday down sentiment
is expected.
Nakshatra ‘Hasta’: – September 26th
to October 10th.
This is the 13th Nakshatra.
Symbol is Both Hands or Fist.
Deity is Savitar, The Sun God before Rise.
Planet Lordship is Moon.
The position in the Zodiac Degrees Virgo 10 to 23.20 Degrees.
Sun
in Nakshatra Hasta, is ruled by the Romantic planet MOON. Their personality is soft,
loving and caring towards people around them. The metal structure is very
receptive, allows people to intrude in their life, often open about many
things, and yet they are talented, brainy, or shrewd in keeping secrets.
Sensitive, emotional, and accommodating nature makes them vulnerable. Fanatic
about being right or perfect, makes them keep changing their own decisions.
Mercury Sign and Moon Nakshatra is like logic with foresight, they may not be
creative but methodological with foresight and can be the best statisticians.
Ability dissects everything makes them look at things in compartments, and
being specific, detailing nature makes them the finest planners. Nobody can
understand the risk the way Hasta people can.
Negative or shadow side, soft, loving nature makes them delay
harsh decisions, especially at higher levels. Receptive nature makes them their
enemies as they are doubting own decision which they arrive at after over-analysis.
Logical, specific, and yet compartmentalized Brain structure, outsiders find it
difficult to connect with them, and often their statements are misunderstood,
creating a rift, often colleagues look at them as a threat and cunning (often
they are). Being logical during they over a period, become little rude, and
come across as quarreling nature person. Over-analysis leads to paralysis and
ultimately fails in execution. They are best when associated with someone, who
acts once the decision is made.
The most wonderful and rewarding trait is ‘Patience’, a person who
can show it and use it gets benefitted, the most. In stock markets, Delay can
be fatal and beneficial, HASTA people have highly energized intuition, they are
genetically blessed, the only factor is they should act instant. Changing
decisions and lack of conviction in their ideas become the biggest hurdle in
their life, and in-stock markets, that’s why September has been the worst-performing
month, across the globe.
The moment we talk of Patience the only technical indicator that
comes to my mind is ADX, which has lag, and confirmation is needed.
October
7, 2021 – Mars 0 Sun is a crucial aspect, IT index is showing negative
movement. Thursday and Friday from the aspect view also looking negative.
On
a short note – Monday, Tuesday, and Wednesday, looking optimistic,
while Thursday and Friday looking bearish. We recommend bringing equity
exposure around 70% or below and hold 30 to 35% cash and maybe we will have to
wait for 6 to 8 months but wait for a classic opportunity.
Precisely
from Wednesday 2nd half, selling is highly recommended.
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