Weekly December 20th to 25th 2021.

 

StockZodiac              

Reservoir of Wisdom

 

Spot Nifty 50 close below 17310, had given signal of exit leveraged positions & partly book profits in the long positions Last week of November 26, 2021. Single weekly candle broke the CT Trend Line * CB trend line, there after 3^rd week, bulls failed to give close above the CB trend line, which means. trend is down, and further fall is eminent. In the last 3 week, there has been further selling and distribution, which clearly means indices would correct further. The target of correction is 16500, 16050 and 15300 would be ideal levels, and panic sell of 14900 would be a classic level to get aggressive and invest big money.

 

Above technical view as it had mentioned in the previous weekly report, remains valid till February end. We believe there would be a strong bounce from 16510.

 

Day 1- December 20, 2021 – Good day to Invest,

Flat and negative opening is finest opportunity to invest in oversold reversal stocks, also many stocks have corrected and are perfectly at finest risk reward ratio, investing is highly recommended. Slightly delayed entry or after 2^nd confirmation is highly recommended. BTST is recommended.

 

Day 2 – December 21, 2021: Auspicious Day

Tithi is good and gives a nice reversal, Nakshatra of the Moon perfect for the bounce from the strong hand buying zones, probably FMCG and Selective banks would witness aggressive buying from big institutions. Hourly signals should be aggressively traded and participated. Add more to existing investments. Wherever stocks are above 5% from the intraday level, partial profit booking can be considered.

 

Day 3 – December 22, 2021: Bullish to Book Profits.

From TimeMap perspective not a good day, bullish sentiment would prevail in the markets, consciously try to reduce positions, book profits. Momentum indicators on a short term time frame would give best results, ensure you only ride momentum, avoid position new trades, as far as intraday is recommended. We are expecting many buy signals to get generated today, which would need more time, wait for more confirmations, as most will give follow up correction after the buy trigger.

 

Day 4 – December 23, 2021: Deceptive Day

Volatile day, ideally pair trading or market neutral strategy would give the best results. Intraday price movement would be wide and volatile. traders used to put nearby stops would lose big money. Steel or Metal sector, followed by Technology is highly recommended to be traded. High beta counters give best results.

 

Day 5 – December 24, 2021: Bullish Day

Tithi is best for the momentum trades, and Nakshatra is best for directional move, combination means there would be many frontline stocks that would give more than 5% directional move. Automobile, FMCG and Reality could see positive move, and the best would be cement and engineering companies.

Buy and Sell is highly recommended.

 

Positive stocks – M&M, ICICI, AXIS, TCS, ADANI PORT, INFY, SBI, TATA STEEL & JSW.

Negative Stocks – Apollo Hosp, Marico, Cadilla, REL NIPPON, Amar Raja, Deepak Nitrate, and TVS Mot,

Bank Index very positive.

 

 

 Thank You

Futurologist