Weekly TimeMap from May 23rd to May 27th.

 

StockZodiac              

Reservoir of Wisdom

Volatility is welcomed by the algo systems, options, and the equity traders, as long as they are making money, volatility is disliked when the participants find it difficult to make money through the volatility. While going through many Twitter handles, realized the rudest of the rude, over-confident, aggressive participants were defensive and trying to gain sympathy, explaining how they have made mistakes. We had mentioned somewhere that as per our observation, wealth destruction in the stock market is rare when Venus is strong. Jupiter and Venus both the planets are in the same sign, the influence has disturbed even the most stable minds, and confused the best of the trader. We witnessed the outcome as extreme volatility, WAQT is about to change, and the increasing noise is indicating that we are close to something.

 Technically – Close above 16760 will give the first sign of hopes for the bulls, and a warning sign to the shorts or bears. Above 16960 2^nd confirmation of the trend reversal, and the close above17350 will push markets back into the uptrend. We would be happy to see more consolidation at the current levels, and sideways movement would be welcomed. On the upside, 16400 and 16750 is strong supply zone, trapped investors, and speculators would attempt to get out. We are suggesting not to enter for the short term, but 4 months trades, long side trades would reward big. The downside levels have been already given.

 TimeMap - Coming week, Venus will enter sign Aries, Strong hands & the Speculators would be very active building up positions selectively in their favorite counters, would include tech, agro-chem, and selective consumer stocks. The reason is of this statement is not stand-alone based on Venus, but Rahu in Aries – Venus together, 3^rd aspect of seasoned wise Saturn, their position is Labh Yog, or 60 Degree from each other. Insurance companies would be big investors in the markets. Cement is going to see strong flows. The position of the Sun is in Taurus, which means natural resources, PSU oil companies would see a big rise, and surprise would come from the AIRLINE industry. Surprise – positive – TECHM, SUNPHARMA, GODREJCP, Coal India, AMAR RAJA, LTI, IOC, EXIDE, and MARICO. BIG winner from the Pharma sector in the current week.

 May 23, 2022: Monday – Bad Day – Avoid new Investment – Reduce Longs.

Ideally, day traders should participate after 11.30, more clarity would be seen on charts after 10.30 and participation can be initiated after the 2^nd confirmation. A positive close today will be considered a negative sign for the next 2 days.

May 24, 2022: Tuesday: Good Day.

Gap down opening is an opportunity to invest, and even square up shorts. Broadly speaking a positive day for the markets, the intraday movement would be very choppy. Mercury 60 Mars, Saturn 60 Venus, indicate positive for the technology sector. STBT is recommended.

May 25, 2022: Wednesday: Directional movement is expected.

While everything looks good for the day, there is some uneasiness, and a lot of money can be made by looking forward to short-sell trades.

May 26, 2022: Thursday: Sentiment Bearish – Contra trade

Market sentiment would be bearish, or extreme cautious, while the best strategy would be to take contrarian positions. A positive close is expected, and it could be a surprise big one.

The buy and Sell strategy could be rewarding.

May 27, 2022: Friday: Long Short  position

Good speculative day, Technology could be under pressure and finest day to take long positions. Broadly speaking first half is very good, post 11.48 am do expect a selling pressure, and selective shorts can be created. The best strategy would be the long and short neutral basket.

 Thank You

Futurologist