StockZodiac
Reservoir of Wisdom
In the last week, as expected, markets gave a positive close, and more important was a strong improvement in market sentiment. Retail participation was rising, and traders were very actively participating in the markets. Most of the participants were not expecting Indices to give such a nice pullback from the lows of 15300, in such a short span, or there was more consensus of a small rise would be followed by big-ticket selling, and nifty to make a new low. The beauty of the markets is it never fails to surprise even the hardcore seasoned players.
Technical – trading strategy should be Sell on a small rise, build a position from 16240 to 16340 zone, keep selling as soon hourly candles forms sell confirmation get aggressive with larger quantity, Stop should be 16460, ideally, 15596 is the first target, and a surprise would be 15300 level getting retested. Generally, participants have the habit of getting hooked on to the Nifty levels, and more often their question is what happens if the stop gets triggered, the answer to that question is Technical is the method or a tool by which a trader, investor, and speculator tries to zero down on best actionable plan as per the present price pattern, that has developed in past few hours, days, week and months, every pattern may have different actionable plans, stops and targets, whenever a target or stop gets triggered, by default higher or lower time frame is to be used for the fresh clues and wait for the confirmations.
95% of technicalanalysts do not make money, the reason all of them think crossing a particular
high, puts markets in the uptrend or bullish trend, while the fact is crossing the
high is just an indication of a probable reversal and, it is the pattern
& the strength of corrective movements that confirms a reversal or change
in the trend. The foundation is more important to confirm the bull trend.
Every participant should identify a ‘Time Frame’ that is suitable to his/her personality from the horoscope or by getting a personality test, this will significantly improve the number of successful trades. Planet & House both can give insight to the suitable period, and sector.
TimeMap of the coming week is slightly in favor of the bearish camp, but volatility would be high, and the best strategy would be long-short baskets. The banking sector under various circumstances is becoming positive, and IT is still showing negativity. While last week we gave a bullish opinion about the markets, many will wonder why a slight bearish view in the coming week, but a Bullish trend gives more corrective moves, and remember for the confirmation of a bull trend a corrective decline is necessary.
Positive
stocks of the week are DR. REDDY, ITC, SIEMENS, DABUR, HINDALCO, ASIAN PAINTS,
EICHER, and M&M.
July 11, 2022: Monday- Best to Short
Tithi and
Nakshatra best to initiate position short sell in select counters. Sector
leaders hog the limelight, and wide trended movements are seen. Interestingly, the best shorts would be lower opening, recovery in positive and then negative
closing. When Moon transits Nakshatra Jyestha, it initiates the differentiation process
of Men from the boys begins and throws light in the next 4 days. Under Jyestha
influence prices mostly give false upwards breakout, so wait for the
confirmations before entering a trade.
July 12,
2022: Tuesday: Difficult to make profits
Real
economy related sectors & the stocks tend to perform extremely well and
that is Automobile, Construction Cement & Steel, and Electrical
engineering companies. The buy and Sell strategy would give the best results. The
impact of Tithi 13 would be extremely high, and the risk of a sudden reversal
of the trend & momentum is highest. Reversal indicators give the best
results. STBT highly recommended
July 13,
2022: Wednesday: Bad Day
Full moon
or Poornima, Poornima increases chemical movement in the human mind or overall
structure, the reason is gravitation. Contrarian strategies give better
results, participation is high, and excitement and reactions are aggressive. We
suggest going slow, and only observation would yield the best results. Venus 30
Saturn, Negative for the banks & IT stocks impact 48 hours.
July 14, 2022: Thursday: Good Day
Positive
close is expected from the opening levels. Index is likely to witness
directional movement due to FMCG ITC, LEVER etc. Overall, a positive day.
July 15, 2022: Friday: Auspicious Day
Best day
of the week, ideally it should give a nice negative close, giving opportunity to
the SIP investors, and stock investors. Listen to the market pulse, TEJI ka
news would be deception. Horse's mouth stories would be true but yield results
after 40 days.
Thank You
Futurologist
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