StockZodiac
Reservoir of Wisdom
Close below 17094 could invite
further negativity, weakness would be breaking of 17230, and the Algo models
would see more risk, and obviously will generate more sell ideas, and acting on
those would pose a psychological barrier for the traders and system followers. Confusion
in the minds of the participants, and an increasing number of aggressive Algo
systems (based on the same basic few indicators) will increase volatility, but
it would add more long spike candles on the charts. Based on the observation of
the past 3 months' price movement, we conclude that strong hands are booking
profits, switching positions, and lastly and most important are preparing for
the volatile consolidation phase.
We are still bearish on the
markets, we have been warning for quite some time, our opinion is that Nifty
would decline further to achieve the confirmed target of 16370 on the screen within
2 months that is before 6th February 2022. The next probable target
is Nifty level of 15775, both the targets within 60 cannot be ruled out. Now
17850, 17545 would function as a major supply zone, as trapped bulls would keep
reducing exposure on every rise. From the Time cycle perspective September 20th
was the critical date, and we are assuming 3 months cycle would end around 20th
December and 5 months cycle would end on February 20th.
TimeMap for the week, we are entering a very Auspicious week, 3
days in the same week, makes it best for the investors and also to those who
wish to book profits. In the coming 10 Days, Nifty 100, Nifty Junior and Bank Nifty
coming positive, while Technology or IT index is showing negativity, following
Nifty stocks showing big DD.
We would recommend being selective in the investments, avoid
jobbing or position longs unless there is complete clarity.
INFOSYS, ICICI BK, RELIANCE, HCL TECH seems to be the best to look
for Puts, as minimal risk high reward trades.
Weekly days – 1st Days – December 06, 2021 – Auspicious
Day to book profits.
We are expecting flat to negative opening, Gap down opening should
ideally give a nice recovery before lunch session. Our view is reducing the trading
positions, especially leveraged, look forward to initiating short sell trading
positions – being Auspicious to Sell. STBT is recommended, momentum failure
would be best pattern to act on.
2nd Day – December 07, 2021 – Volatile Day Mean
Reversion trades.
Tithi 4 on Tuesday makes it simply best to do mean reversion
trades, traders would get lot of whipsaw signals on the charts, volatility
would be high, avoid trades with nearby stops, as wide volatility would trigger
the stops. Sell trades in Index stocks highly recommended. Critical time of the
Days is 13.30 to 14.30, give more importance to signals generated during zone.
3rd Day – December 08, 2021: Auspicious Day to Invest
on Khabri calls/ Market flows.
Automobile and Auto Ancillary stocks will become extremely attractive,
defensive buying and especially the insider buying would happen and keep an eye
on such stocks.
stocks with extraordinarily strong management grip could witness
further addition by the insiders.
4th Day – December 09, 2021: Auspicious day
Momentum breakout and operator driven stocks, best to invest or
take position. Private Banks, NBFC or actually the expensive branded stocks
enter a new zone. Big positive closing is expected today.
5th Day – December 10, 2021: Bullish Day
Tithi and the Nakshatra of the day, sentiment in the markets would
be optimistic and positive. Metals and mining stocks would give the best
results, and the best would be OIL stocks along with the Oil refineries.
Thank You
Futurologist
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