StockZodiac
Reservoir of Wisdom
The negative
weekly closing of Nifty was as expected. We were expecting nifty would hold the
Monday levels and it did not, and the last two days of the week have hammered
the confidence of the bulls. Investor sentiment got more butchered than the
actual stock prices in last week's fall. A week back the question was when
will nifty new high, and now the question is will the nifty cross 17000, and
that says it all.
In behavior
economics now everyone is getting ready for a big fall, including myself,
regretting that I should have kept enough cash in the portfolios, and the same
is the mindset of many. Coming out of such a phase brings out the quality and
the efficiency of the investment models and exposes the skills of the fund manager.
Big money is waiting to get invested below 15750, and the volume is big, the
public fund flow towards the ETF space is going to make a stark difference. Wealth Destruction is not indicated, and Venus
is comparatively stable and strong.
The technical chart of the nifty is in the downtrend on a weekly time cycle & positive on monthly, and this is for the medium to long-term investors from 18 months to 96 months.
The daily
Time cycle had given a strong move from 7th march to April 5th,
which turned the downtrend to uptrend, after the move has given deep
correction, which has started showing signs of further weakness, and the movement
after May 11th onwards has added more pressure and the negativity.
The 27th of May breakout crossed 161 levels and got arrested at
200%, which means bears have taken an aggressive stance and it is not wise to
increase trading positions, and better to remain little observant than actual
participation in the markets. When the reversal is from 200% levels the risk of
breaking previously is remarkably high, and the follow-up selling intensifies –
which can give a new low of 15610 and this can happen before June 21. The upside
16532 is at a decisive level and needs to be crossed before June 21st,
which will give strong insight to the strength of the bull camp, to visualize
further road map.
TimeMap of the week. All the negativity has built up in the system, and investors and traders getting ready for a long bear phase. TimeMap using Zodiacanalyst is showing except for IT all the sectors would be under selling pressure, broadly looks like tough 10 days ahead, and we might hit a sentiment low in the coming week. Reversal would start showing up on the screens, divergence indicators will trigger initial confusion and spike the volatility. We are getting a negative close indication and be prepared for the big negative next 2 weeks.
In the
upcoming week, the 16th is the big day for the markets from a Time
cycle point of view.
Sun 120
Saturn, and Sun 90 Neptune, will be worth watching.
Stocks coming incredibly positive on the TimeMap – ABFRL, Godrej CP, CIPLA, HDFCBANK, APOLLO HOSP, CUMMINS, L&T, M&M, and TVS MOTOR. SUN PHARMA, TCS, TECH M, and WIPRO.
June 13, 2022: Monday: Auspicious day, rising accumulation indicated.
Gap down
opening should not surprise as global markets are in the big negative, looking
at the behavior looks like strong hands would be regularly active accumulating
their counter, and even promotors would be looking forward to increasing stakes.
New investment is highly recommended, and as mentioned last week, building
buying position within 30 days is highly recommended. BTST recommended.
June 14,
2022: Tuesday: Normal day
Market
sentiment would be overcautious and strong hands, big institutions would be continually
active, the sector leaders would hog the limelight, and natural resource stocks
would be in big demand. The best would be the metal sector, and a lot of money
can be made by the day traders. BTST is highly recommended in the Cement
sector.
June 15, 2022: Wednesday: Bullish Day
Moon in
Nakshatra Moola is one of the strongest positions, Cement and Automobile sector
would be in complete limelight and the third sector would be private banks a
big pullback cannot be ruled out. The buy and sell strategy is highly
recommended.
June 16, 2022: Thursday: Volatile Day
from a wave
count or technical analysis point, this could be the most important day of the
month. It would be a volatile day but expecting a rise and then a fall. Instead
of trading in anticipation – use the divergence indicator on the hourly chart. Post
lunch looks for Sell trades and STBT is highly recommended. Tithi 3 gives a directional
move, and the move is above the normal range.
une 17, 2022: Friday: Deceptive Day
Tithi 4th
or Chaturthi is the most deceptive and with complete dominance, it is going to
be an interesting day. We have often found contrarian approach against the
prevailing sentiment of the day has given far better results.
Thank You
Futurologist
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