StockZodiac
Reservoir of Wisdom
The Development
in Pakistan is a cause of the real concern, and it would lead to an increase in
the defense budget.
We had
expected a tussle between bulls and bears at the current levels, and clearly,
the weekly candle showed it on the charts. Positive weekly close, but the small
candle and bit balanced on both sides, profit booking is witnessed, obvious
slightly in favor of the bear, since the stop is very close.
TimeMap
is positive and still favors the bullish camp, as mentioned last week same
continues, volatility would be high, but rangebound. The best of the market
conditions for the traders and system traders, and whoever understands Technical
Analysis would be able to mint profits.
Technically,
in the last week, Monday and Friday saw a positive move, and Tuesday, Wednesday,
and Thursday saw a big down move. So, while the undercurrent is strong, it
seems the inflow of money is much stronger and the market breadth would see
significant improvement. Midcap and Small-cap stocks would see a lot of
interest from the investors.
Anyway,
there is a very bright possibility of nifty scaling above 18443, which will
drive many indicators in a total positive trend. Sentiment in the market is
overall very positive and would remain so for a few more days. The skill would
be to handle the spike falls, in the coming few days which would keep happening.
TimeMap is
bullish in the current week, and broadly speaking many individual stocks would
see a new high on the charts, volatility would be wide and extreme caution is
advised for the leveraged positions.
Positive
Stocks – Havells, PSU banks, LT, TISCO, SUNDARAM FIN, NTPC, SIEMENS, SAIL, and
TATACOMM. Negative stocks – PVR, CADILLA, INFY, APOLLO Hosp, and MCDOWELL.
April 11,
2022: Monday: Volatile Bullish Day
Momentum
Indicators will be best to use, high beta stocks will be best to trade. Metals,
Banks will hog major limelight. The day is bullish, trend-following indicators
best, stocks trading above 4% in any direction should be traded in the same
direction. BTST is recommended in real economy stocks, such as Cement,
Construction, and real estate.
April 12,
2022: Tuesday: Bullish
Higher
opening and quick upwards spike could be the hint to reduce longs or BTST for
sure. SUN 60 Saturn is an important aspect, that would put pressure on select
TECH stocks in a big way.
Tech-Driven
Financial stocks could also come under selling pressure or the new age stocks.
April 13,
2022: Wednesday: Auspicious Day
A lower
opening is expected. The finest day to look for Sell trades or even position
short sell day. Sell and Buy is the easy way to make money.
Futurologist
1 comment:
Very nice & perfect view about indices. Sectoral view is good.
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