Weekly 4th Week November 2021

 

StockZodiac              

Reservoir of Wisdom

 

On a personal note, last week was the easiest to forecast, as along with TimeMap based on Tithi & the Nakshatra, prominent planet aspects made it more simple. It happens few times during the year.

Moving forward to coming week, Technically we have been bearish on the markets, and we still hold the same opinion on the medium term(4 to 6 months) that on rise keep reducing leveraged or speculative positions, and it would be logical to have shorts in the portfolio. On the short term that weekly movements, TimeMap of the coming week favors bullish traders, so jobbing Buy trades can be initiated. From the current levels, there would be short term bounce, most index heavy stocks would rise. The technical levels given in the previous levels stand true, and there has been no change in the view.

The critical level to watch for the major weakness in the Nifty move is 17410.

 

TimeMap of the week as mentioned is positive, Nifty 100, Bankex, IT and Nifty Next 50, all are showing positive close from the opening levels on Monday. The date 25^th Seems most positive day, and the buy signals generated on the daily charts would deliver good results. On the other hand Tuesday seems a negative day of the week, So avoid the buy signals of Tuesday, and give more importance to Sell signals.

 

November 22, 2021: Monday

Direction of the opening will confirm the same side close, so higher opening means markets will close in positive from the Friday close. Wide movement cannot be ruled out. position of the moon favors technology and high beta private banks. Strong hands or process driven action would bring big players in the markets. Few counters would see an excessive aggression from the buyers. overall positive day, STBT is recommended.

 

November 23, 2021: Tuesday

Tithi 4^th on Tuesday has given a balanced close, but positive has been nominal and the negative closing have been impactful. So going by the day, stocks and indices losing strong levels should be hammered. The Moon Nakshatra Aardra is big negative, and when ever a bad things happens the impact is huge. Selective sell trades would be highly rewarding. in case price fall is big, do look for a buy singer.

 

November 24, 2021: Wednesday Auspicious Day of the week (bottomfishing)

The best day to trade mean reversion indicators, esepcailly oversold trades. On the intraday chart let the hoursly chart give buy signal and then 15 minute charts give second confirmation in that case BUY trade can be executed with slightly delayed participation, we would be more happy. Position Buy in Pharma, and select FMCG is highly recommended.

 

 

November 25, 2021: Thursday – medium term position that is 6 to 12 weeks holding

Auspicious Day of the week. A good Buy position in the derivatives section especailly in technology or communication is highly recommended. Investment in ETF is also recommended. White metals and Automobile stocks would do extremely well. BTST in PSU stocks is recommended.

 

November 26, 2021: Friday

Momentum breakout signals should be aggressively traded, avoid any contrarian or mean reversion trades. Be aggressive stocks with high momentum would give best results, participation decision should be fast and execution should be very quick.

 

Positive Stocks – HindLever, APL, LIC house, JSPL, BPCL, Hindalco, and Torrant Power

Negative stocks are – Kotak M, NTPC, Reliance, BASF, ASIAN Paints, and Tata Motor.

 

 

Thank You

Futurologist