Weekly TimeMap May 16th to May 21.

StockZodiac              

Reservoir of Wisdom

 

Based on the Solar date, we were able to anticipate a bearish trend from 5^th May onwards, we expected 16100 and even felt there would be a retest of 15650 levels. and yet on the auspicious day of Thursday, we were surprised by the intensity of the fall, we felt it would be about two hundred points max, and sentiment kept hitting lows. Anyway, there is some more pain left, from the time cycle perspective it is up to May 23^rd, and technically it is up to 15545, and a small margin for the volatility means 15300. The surprising fact is that the pullback from the lows of 24-12 16410, and 11-3 15671, the bounce was extraordinarily strong, and that made us slightly overconfident, and we took it lightly or assumed that there would be enough volatility and markets will give the opportunity to exit or reduce long positions in stocks and also ETF.

 

Technically, we have been bearish, with aggressive sell calls with firm targets on the Nifty, overall charts need consolidation and volatility contraction. The size of the intraday price movement has to be narrowed down. the reversal would take a significant amount of time, or at least 45 days from May 25^th, before sentiment in the markets turns positive. The levels 16300 and 15900 were given, and further probabilities are still open.

 

Transit of Sun in Nakshatra Kruttika till May 25^th will keep adding pressure on the markets. The name of the Nakshatra is Kruttika – it means think twice or thrice – reconfirm the logic before initiating action. Time Cycle is still not in favor of the bulls, and the further decline seems a very bright chance, another 4% seems an easy downside target. From May 25^th onwards time cycle is turning positive. Sell in May, go away, has proved correct repeatedly. Typically, our observation is post Monsoon, Mid-June onwards consolidation, and actually, market capitalization growth picks up momentum from July onwards.

 

The next 15 Days' gain could be from the Nifty Next 50 Index. The FMCG sector could attract the biggest fund flow, followed by the banking stocks, especially the top ten in the market cap.

 

Moving forward to weekly broad view.

May 16^th,2022: Monday – Volatile Day, the overall day seems positive, multiple aspects with the moon indicates alternate bout of rising and fall would generate a lot of trading signals, and trading signals post 13.45 would give better results.

 

May 17, 2022: Tuesday Seems more of a corrective day, retracement indicators would give the best results. Based on the Astronomical coordinates of SUN & MOON, a position trade of 9 to 14 days would be best. The day seems bearish, but it is going to be especially important for the metal and construction companies. Intraday sell trades would be rewarding.

 

May 18, 2022: Wednesday: Big day of the week, wide directional movement is expected. 48 hours would be critical, a directional Nifty movement of 450 points will not surprise us, as of now technically & TimeMap is favoring a bearish camp. Our observation is Tithi & Nakshatra of 18^th is best to take contrarian trade set up, those who are high risk-takers should use options strategies considering 450 points movement on either side in 48 hours. We would prefer contrarian bullish trades against the trend. Mars 0 Neptune, Technology bull will surrender in a particular stock, or his position would get liquidated. Another big blow in the crypto markets cannot be ruled out.

 

May 19^th, 2022, Thursday, Tithi is bearish and also the most deceptive. Nakshatra favors profit booking which means a rising trend cannot be ruled out, overall view is in case of panic do initiate long positions. SUN 120 PLUTO favors large PSU companies and specially select Pharma stocks see revival, and a turnaround in the PSU banking is a big chance.

 

May 20^th, 2022: Fridays: Bullish Day, sentiment in the market would be whichever direction market opens in the same direction it would close with a big margin. Momentum Indicators should be used.

 

The Monday, Tuesday, and Wednesday only opening can give big bearish moves, from Wednesday 2^nd half we are incredibly positive till Friday and big gains cannot be ruled out.

  

 

Thank You

Futurologist