StockZodiac
Reservoir of Wisdom
As Expected after a strong bounce back, the current week was expected to be volatile but choppy, from Wednesday onwards negativity was more and weekly close went in the negative, so from Wednesday we had expected negativity, but it turned out to be stronger than the Tuesday recovery, and even Wednesday higher opening was perfect.
Technically,
markets are getting consolidated, and the factoring of the fundamentals is in
the process. We won’t be surprised to see rangebound volatility, and a breakout. Most trapped over-leveraged positions would be trimmed, or reduced
at around 17100 to 17500 zone, as mentioned last week as well, above 17650
markets will confirm 19k+ movement, and it would be difficult to cross
17650 before April 10th. The best would be Nifty retracing back to
16300, but slowly and gradually, which is expected in the coming few days.
On the
upside 17300 to 17800, enough trapped positions are waiting for an exit. Broadly
technically markets need more consolidation and the lower levels, either time
or price will have to do that, so time would be painful 15 months, and price 15700
would be in 3 months, even 16300 and being there for 2 weeks would be good
enough.
TimeMap
of the week is much positive, and showing signs of consolidation.
Positive
stocks – Bharti, ITC, PI IND, ABFRL, NHPC, HDFC, and RELIANCE
Negative –
MGL, TVS MOT, HDFCBK, GODREJ CP, HCLTECH, LALPATH, and SUN TV.
March 28,
2022- Positive Auspicious Day,
higher
opening would attract selling pressure, so ideally investing before lunchtime
is highly recommended. Investment is highly recommended, expect a bullish move
in the post-lunch.
March 29,
2022: Wide movement would be seen.
Technology
and communication sector-related stocks would do extremely well. Movement is expected to be highly directional,
and trend following on the hourly chart is strongly recommended. A big inflow
of sticky money is expected, and it would change sentiment in the markets. STBT
for the next 13 days is highly recommended.
March 30,
2022: Bad Day
Look for
Sell signals, very difficult day to make money. the view is negative for the
day. Broad markets will witness selling, and IT stocks will see strong inflows.
SELL and BUY recommended.
Moon in
Multiple aspects would confuse traders, so the best is to reduce trading. STBT
Technology.
March 31,
2022: Bad Day
an external
event could send a panic sell-off in the markets. We are slightly bearish today,
and the chances of a big intraday fall cannot be ruled out. Media Industry,
Travel, and stocks like PayTm, Zomato, and Nyka would be in the limelight.
April 1,
2022: Bad Day
Gap down
and panic selling will trap bulls on the wrong foot, we recommend contra
strategy, hunt for bottom fishing buy trades & avoid fresh selling.
Futurologist
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