TimeMap March 14 to 17, short week.

 StockZodiac              

Reservoir of Wisdom

We were expecting 15900 to 15700, next 15300, and the worst panic spike at 14700. Technical analysis is a remarkably simple and easy method provided the reader could look at the charts with neutrality. The basics of technical analysis are simple and extremely easy, and it does not take more than 10 minutes to read a chart. We had mentioned these levels somewhere in the first week of January using simple Chart tops and bottom, connected by a line.

After knowing the markets, more important is how do we sail through good and tough times in the markets. Then comes application or implementation – which triggers the 2^nd stage analysis, risk and money management and there we would find thousands of permutations and combinations, we call it, Fibonacci, wave, cycle, pattern, harmonics, trend and whatnot, investor or trader has to choose the one that suits him/her the best.

Technically, last week's rush or the bounce was faster than expected, we were expecting it to happen in the current week. Markets keep giving by re-testing previous lows and happens 2^nd or even 3^rd time, we call it double bottom or consolidation.

As per the time cycle, we are expecting in the coming week and sign of strong recovery signals to start reflecting on the screen or oscillators, we believe till June 21, we would remain in the consolidation zone, with high volatility, and post-June 21^st we would see trending rally to cross previous high of Nifty, by March 2023, we should be above the previous high.

Positive Stocks – ITC, ASTRAL OLY, FORTIS, DEEPAK NITRATE, ONGC, and LT.

Negative DABUR, CIPLA, VOLTAS, PayTM, JSW STEEL, and MANAPURAM.

March 14, 2022: Auspicious Day, 72 hours Bullish,  specific IT index.

Investment after 9.55 is recommended. Gap down or negative opening is an opportunity, be specific and restrict action to tracked trades. Positive close from the opening levels expected.

March 15, 2022: Bullish Day, Best would be Momentum Breakout.

Metals would be in limelight, followed by high beta counters, trade-in favor should be trailed, stock trading 4% or more should be traded in the same direction. Use momentum Indicator.

March 16, 2022: Bullish Infra and Automobile

Suddenly some positive news flow from Europe would bring positive vibes to the markets. Real estate, Media, and infra select stocks would be positive.

March 17, 2022: Bullish Day, Good to Book profits, or Selling Day

Selling when the sentiment is bullish needs a seasoned mind. OIL refineries and PSU stocks coming out as  positive.  Profit booking is highly recommended.

 Monday is a difficult day, after positive opening selling pressure is expected

 

Futurologist