StockZodiac
Reservoir of Wisdom
As expected, when everything is negative, markets tend to give a small bounce, and it happened last week. We believe minor consolidation and sideways volatile movement would continue for some more time, or even a few weeks. So as expected sentiment is at its lowest, Wave analysts are convinced and now showing confidence and the aggressive with their bearish views with targets, fundamentals are looking bad to some & some are positive, and economic numbers are putting stress on practically every country across the globe. What has remained constant is human behavior and the pattern of response.
Technical – The weekly movement was extremely comforting and positive, it showed a lot of confidence, and the resources of the bulls. The candle of June 16th is almost covered, and it is above 61% of the candle. As per behavior analysis – panic & leveraged positions were getting squared at regular intervals. So, unlike the good old days, forced sell-off or liquidation by the brokers does not happen, but the large ETF funds do get aggressive while reducing exposure, which is very much normal. Currently, the upswing can easily extend to 16050 and 16185. The range of 16140 to 16290 would see fierce volumes and aggressive participation from both camps.
As an
investor anything below 15700 is a bonus and one should keep adding more to
existing investments. Traders can hold longs and look for Sell trades only
above 16150.
While all
the negativity is getting spread and accepted, silently markets have confirmed
Nifty above 19300 ideally before January 10th, 2023, but say march
2023 to be a bit safe side.
TimeMap- Broadly positive signal and positive close from the Monday opening levels are indicated for the week, the sector that looks likely to be under pressure is selective banks.
Jupiter
90 Sun – showing very positive for the Indices, which means there could be a
positive big spike from 28th June to 30th June range.
Mars 90 Pluto, indicates loss of resources due to calamity or some disaster, as
per observation such events bring in initial panic and sell off’s, but
eventually prove positive movement in the markets.
Positive stocks of the week are ONGC, SUN PHARMA, WIPRO, MARICO, DR>REDDY, and COAL INDIA.
NEGATIVE stocks
– BAJAJ FINSERVE, ICICI bank, BHARAT FORGE, PETRONET, APOLLO HOSP, BHARTI,
JINDAL STEEL, PI IND & M&M.
June 27, 2022: Monday: Bad Day
A higher opening is expected, but we believe that the Sell and Buy strategy would be good for the day, as after giving false buy signals most counters would break the nearby stops. Banks and Textile stocks should be sold, even select OMC would come under pressure.
June 28,
2022: Tuesday: Bad Day
Amavasya
is deceptive most of the time, it is positive and bulls get trapped. High Beta
momentum indicators would give the best results and ideally long and short
baskets best for today.
June 29, 20: Wednesday: Big movement
Tithi and
Nakshatra will give trended directional movement unlike the previous 2 days, which
could be difficult to trade and also make money. Today, comparatively slightly
delayed participation can make a lot of difference and big money can be made in
1 or 2 trades.
June 30, 2022: Thursday: Auspicious day
The best
Investment day of the week, especially to average existing loss-making
positions, and also add to earlier positions. Extremely oversold and with positive
divergence such stocks should be aggressively bought with a short-term view.
BTST is highly recommended. Metals to be watched.
July 01, 2022: Friday: Auspicious Day
Higher
opening and market sentiment would be optimistic. The momentum indicator gives the
best results, volatile and mixed day, stock-specific big movements on both sides
is expected. BTST is recommended.
Thank You
Futurologist