StockZodiac
Reservoir of Wisdom
The last
week turned out to be the volatile and interestingly best for the market-neutral
long-short strategies, (provided your trades are on the right side.)
To begin
with technically, clearly, there has been aggressive selling by the strong
hands, and visible on the charts, technology counters witnessed a sell-off
across the board. While OMC or refineries recovered nicely. Currently, sellers
seem stronger and ideally, bulls should wait for a proper consolidation, and
avoid aggressive investments.
Technical
charts indicate buying around 16800 to 16500 would be the most ideal investment
zone, for the bullish investments, which we should get very soon, waiting for
the levels would need patience, as at the current levels risk rewarding cannot
be optimized. As per our reading there would be volatility, but the markets
would decline further and consolidate around the 16800 to 16500 zone, minor
shakeout can be ignored.
So, from
the movement of SUN in the Nakshatra Ashwini from April 14th
to April 27th – my observation is one of the finest zones to
initiate leveraged high beta position trades, it is obvious that risk capital
and rewards are the choice investor/trader must make. Technology witnesses
selling and becoming the best zone to accumulate it. oversold reversal would be the
best indicator, and after April 27th Nakshatra Bharani - as the name
indicates – allows refilling, recovering the losses, or trading gap areas, so
Bharani gives a nice pullback and chance to exit from the trapped positions.
Based on
the position of Planet Mercury, which has multiple aspects in the coming week, the
coming week would be volatile but ideally should give a positive close, and
especially after the 26th aggressive recovery should be seen.
From 27th
for 13 days Sun transits in Nakshatra Bharani – and it is the best zone when
gaps on charts get filled. Bharani gives exit from the trapped positions, at
reduced losses.
April 25th,
2022: Monday: Gap down and recovery would be best for the bullish positions,
but there would be a panic sell-off, so better to participate in confirmation
signals on the intraday charts or after 13.10 post-lunch.
April 26,
2022: Tuesday: Ideally – Tithi 11 or Ekadashi is auspicious, and more often
negative movement has been noticed, so SIP investors in ETF can look forward to
investing. The intraday movement would be extremely choppy. BTST is highly
recommended. Textile & Real estate.
April 27,
2022: Wednesday: Normal day, initiative-taking action is highly recommended,
avoid the signal following, and rather act based on last week's signals. BTST
is highly recommended.
April 28,
2022: Thursday: Buy and Sell strategy is highly recommended, oversold reversal
would work the best. It is a difficult day for Reliance, and a sell signal should
be aggressively traded.
April 29,
2022: Friday: Positive movement is expected. The media and FMCG sectors should
do very well. it would be a volatile day, a Zigzag movement cannot be ruled out,
and even wide stops may get triggered, a best day to simply invest and forget.
Thank You
Futurologist