Weekly TimeMap from February 20, to 25th.

 StockZodiac              

Reservoir of Wisdom

 

The slow and steady slide in the index would continue, further fall seems eminent & everybody has accepted it, 16500 or 16300 would not create any panic, but below 15700 there would be nervousness in the markets. We have been bearish on the markets from the Solar Date, which is January 10^th onwards. Technically, markets have shown negativity and we recommend reducing exposure on every decline.

Banking, Capital goods sector and FMCG seems better bet or good for the investment, and SIP or STP investment is highly recommended. On the other hand, commodities, technology, service sector, and metal show signs of further correction.  

Technical strategy, Pair trading is highly recommended in the current week. We believe volatility is likely to increase and there would be any directional trend in the markets for another 5 to 7 months, which means stock-specific action and strategy would pay handsomely. Mean reversion, short-term swing trades of 2 to 7 weeks would give excellent profits.

 

TimeMap of the Week is showing a positive week ahead, from the Monday opening the close of Friday ideally would be positive or higher. During the week Monday to Wednesday, there could be selling pressure, but from Thursday to Friday possibility of a steep rise in indices and stock prices cannot be ruled out. No major planet aspects make it a very subdued choppy week, movement in price would be rangebound.

 Day 1, February 21, 2022: Auspicious Day

Buying is highly recommended, especially oversold reversal confirmation should be bought. Many counters might witness distress selling and that makes it even more attractive as an investor.

 Day 2, February 22, 2022:

A higher opening is expected. A Contrarian strategy would give better trading results. Many counters would keep rising slow and steady. Gut feel buy trades can give excellent results, an obvious stop needs to be punched.

 Day 3, February 23, 2022

Tough day to make money, the movement would be more directional, but the pre-lunch session would be volatile and trading decisions would be difficult, we suggest participating after 11.30 would give better edge and clarity. A negative close is expected.

 Day 4, February 24, 2022

A flat opening of indices cannot be ruled out, while most participants would be very careful, sentiment in the market would pick up only after 13 or mid-session of the market.

 Day 5, February 25, 2022

The metal sector would be most volatile and best for the traders. Sentiment would be optimistic positive, and many buy triggers would trap day traders on the wrong foot, ideally looking for sell signals, even STBT is highly recommended.

Futurologist