StockZodiac Reservoir of Wisdom
While we were bullish, still markets have never failed
to deliver a surprise. Last week after Monday & Tuesday's declining
correction, the recovery or rising was stronger indicating that the main trend
is up. The movement post gap up openings of 28th and 29th
was incredibly strong, and as mentioned in the weekly note the Friday move triggered
the first sign of worry in the bearish camp. Using the TimeMap, In the June
blog, we had mentioned that July would end up positive and will not be surprised
to see 17000 getting crossed. The option traders would remember the last 3 days
of the month.
Technical – As always crossing of 16250 confirmed that 16890-16950
would get achieved very soon, but markets gave us a sweet surprise of more moves.
The current aggression is likely to face strong profit booking from the bullish
camp around the 17275 to 17350 level. As per TimeMap average cost of trapped
Nifty short sellers would be around 16300-16100 zone, and therefore it becomes
a strong Buy zone, another level where short positions are trapped is 17050 to
17150, which would serve as a safety hook for the bulls.
Nifty is showing significant strength.
Head & Shoulder Pattern in AB Capital –
showing 200% growth from the current levels within 3 years.
TimeMap of the upcoming week, we are slightly cautious, and a
good chance of reversal cannot be ruled out. After an initial higher opening,
broadly declining enthusiasm would be noticed during the week, which in turn
would be reflected in the Nifty move. A negative weekly close seems a great
possibility, but the negative would not be big. The upside is capped at around
1 to 1.5% on the downside the impact could be 2 to 3%, so overall slightly in
favor of the bearish mindset, no need to panic, no need to sell in haste or try
to be ahead, unless hourly sell pattern develops on the charts, no need to worry.
Positive stocks – Adani Port, BAJAJ AUTO, IndusInd Bank,
LT, PAGE Ind, Hind Lever, UltraTech, United Spirit, Colgate, Godrej CP,
HDFC bk, SAIL, and NMDC.
Nakshatra Ashlesha – 15 Days –
Kotak Bank, Tata Motors, NMDC, JSW steel, Bharat Forge, Whirlpool, PVR Cinema,
and Infosys.
Negative – Hindalco, AxisBank, Tata Power, L&T
Finance, and HDFC.
August 01, 2022: Monday: Good.
Tithi is deceptive and can trap or surprise the most confident
traders. Making money would be easy with a slight delay and particularly
following failure patterns. The banking sector shows negative influence, IT
sector shows positive. Negative movement and close would be considered positive
for the bulls. Long /short Market neutral market recommended for the overnight
position.
August 02, 2022: Tuesday: Good day
Momentum indicators should be used for the intraday
and weekly trading, big money can be made today, hold winning positions till the
end of the day, and few positions but stick to them.
STBT is highly recommended, positive closing is a huge
possibility. Buy and Sell would give better profits. BTST metals.
August 03, 2022: Wednesday: Auspicious Day
Sun in Nakshatra Ashlesha gives big results,
especially momentum breakout indicators, or consolidation breakout gives the best
results. Metal & Cement sectors would give surprises, and PSU companies
will attract big ticket investments from institutions. Auspicious Day,
Nakshatra Hasta, and Tithi 6, are perfect combinations for the test of patience.
Ideally, markets should slowly and steadily keep declining, or quality stocks
would retrace from the highs of the day. BTST is highly recommended.
August 04, 2022: Thursday: Auspicious Day
Bullish sentiment, market participants would be keen
to participate in the markets. Trading and overall investment volumes would be remarkably
high. A high beta index counter would give satisfactory results, or speculative
and funds favorite trading counters would see big volumes and movement as well.
A surprise announcement by a corporate would bring a lot of positive vibes to
the markets.
August 05, 2022: Friday: bullish Day
Tithi gives best-oversold reversals, Nakshatra is good
for building contrarian speculative positions, and exceedingly high probability
professionally researched idea would prove a big winner. Day traders focus on
Buy trades, and also momentum breakouts, big money can be made today.
Futurologist