StockZodiac
Reservoir of Wisdom
In the
previous week, except Monday, there was no significant movement in the markets,
in tight range volumes also dropped, and volatility dropped. Friday's close was
above the previous Friday's Close and even Monday's opening levels, making it a
perfect week from the perspective of the Time Cycle.
Interestingly
on Auspicious day Reliance and Technology stocks performed extremely well, and
it was a clear indication that quality and clear ideas would be rewarded big
time.
Technically,
the bounce from the lows, and especially last week's 5 days movement suggests that strong hands are active and are confidently building positions. The change
noticeable from the previous rallies or bounce is operators are not supporting or
trying to hold the price. The nifty chart is getting better 16550 to
16750 has a strong supply, and it could be from various angles or reasons.
Ideally, we would prefer a sideways slow decline in the coming week, and then
with more consolidation 3rd attempt to close above 16750 would be
best. Consolidation in Time and Price is especially important, the base must be
compact and the balance on the charts needs to be maintained before new momentum
picks up. The monthly charts are still strong and positive, weekly has
shown signs of correction and for a new rally would need another 5 to 8 weeks
of consolidation, while daily is comfortably in a positive zone.
TimeMap of the coming week is positive, looks like strong hands would be actively participating, accumulating their selective stocks, many company promotors would use the current market sentiment to increase their holding in the company. On 10th June Mercury 120 Pluto, the aspect is incredibly positive for the Banks and Technology sector stocks, strong recovery in banks is indicated. The PSU sector overall would see long-term investments.
Market
breadth would be exceptionally good in the current week, the nifty will not do
much movement, looks like alternate bouts of buying and selling. Friday to
Friday looks like a negative, but Monday opening to Friday close positive.
Positive Stocks – Bank Nifty, BHEL, Indus Bank, HDFC Bank, BAJAJ Finserve, JSW Steel, Tata Steel, ICICI pru, Infosys, and DLF.
Negative
stocks – Britania, Lupin, RBL bank, Voltas, Fortis, and ZEE.
June 6, 20222: Monday: Bullish Day
Due to
Global market sentiment – the gap down cannot be ruled out, but lower levels
would attract big-ticket fund buying, and SIP investments, we are expecting by
the end of the day markets would give a positive close.
June 07, 2022: Tuesday: Volatile day
Gap up
opening should be cautiously traded, one of the difficult days to make
money. STBT is highly recommended. We highly recommend looking for sell trades,
and even aggressive selling positions can be created. The rising trend would
trap many overnight traders, who would go with mostly long positions.
June 08, 2022: Wednesday: Auspicious Day of the Week.
Very
interesting time 12.32 SUN will enter Nakshatra Mrugga – the most violent
qualities are found, aggressive and blistering speed is the key to win, high-frequency
traders and algos can mint money, due to jobbing spreads and sharp moves. Rising prices would trap many many momentum
traders.
June 09, 2022: Thursday: Bearish Day
The bad
day of the week for the bullish traders and the investors, most important even
if the markets fall, do not take fresh positions, just add to existing positions.
Few stocks would get hammered; some eternal news would hit market sentiment very
badly.
June 10, 2022: Friday: Bearish Day
Negative
stocks can be accumulated, Tithi and Nakshatra favor bullish positions but one
has to wait for about 7 to 10 days.
Thank You
Futurologist
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