StockZodiac
Reservoir of Wisdom
The Friday movement was unexpected, as whenever the sentiment in the market is low or a little pessimistic, an auspicious day gives wonderful opportunities. SUN in Nakshatra Punervasu, gives confidence, and power to take contra and bold action against the trend, in the past 10 days, lots of negative news flows came but after the initial panic responses markets showed resilience and kept recovering. Wisdom and rationality is creeping into the markets.
Technically
last week markets had a decent fall and then on the last day gave a nice
positive move, we were expecting a lower closing would give a big positive
opening on Monday. Close above 16150 would show the first signal of confidence
in the bull camp. On the downside 15800-700 is a strong buying zone, below
15300 long-term sticky money from Insurance and pension funds would get pumped
in. While for the trend reversal on the daily indicator we need to remain on average
above 16100 in the coming week. The short covering would get triggered at 16270
to 16350 levels, taking nifty futures at 16700 within a few hours. The Monday
SGX opening seems positive.
TimeMap of the coming week, broadly we were bullish for July, and
in the last week small corrective move turned true, and against the weekly 4
days of the negative move, the last day gave a nice recovery from the lows. The
coming week is incredibly positive and would not be surprised to see 16400 getting
achieved. Broadly speaking Mercury, SUN 180 Pluto, could put pressure on the
Banking and Brokerage business, also large-cap stocks would underperform, and
mid & small cap stocks would see a big jump in value. PSU sector would see
pressure, especially the hyped power sector, and in particular, ADANI group is
coming negative, so one needs to be careful. Broadly speaking another positive
week, with increasing volatility.
Positive companies in the coming week – TCS, TATA MOTORS, GODREJ
IND, WIPRO, HCL TECH, KOTAK BK, CNX100, BSE, MCX, MGL, DEEPAK NITRATE, and HDFC
bank.
A trader should surely look for Buy signals, and preferably take a
position during the corrective decline and wait for the positive breakout. Many
side counters are showing equally big corrective phase, which means once again
it is a market neutral strategy that could give a better result, Mean reversion
best.
July 18, 2022: Monday: Good day.
A gap-up opening is indicated, ideally, we would suggest
aggressive profit booking. Avoid buying unless markets correct 50% from the
opening gap. Tithi 6, influence can give big correction from the opening
levels. We would also recommend to choose a good short position for the 48 to 72
trade life.
July 19, 2022: Tuesday: Negative sentiment
Making money would be difficult, as markets would witness
heavy volumes, and bouts of buying and selling would add immense pressure. Keep
space to purchase extremely oversold technology stocks.
July 20, 2022: Wednesday: Auspicious Day
Sun in Pushya Nakshatra makes it 2nd best
investment zone of the year. Invest with 18 to 24 months view. Buy quality
stocks. On rising accumulation day, Positive breakout stocks can be aggressively
purchased. ETF investment in CNX 100 is highly recommended. BTST is highly
recommended.
July 21, 2022: Thursday: Auspicious day
One of the best days to take the leveraged trading
position, on the long or buy side. Technology 1 or 2 stocks would surely bottom
out and can give one of the best or rather fastest returns in a few weeks.
Communication and Engineering companies can also be considered for taking positions.
July 22, 2022: Friday: Bullish
Higher opening and further rise should not surprise,
hold for some more period, especially Metals can give big movement in coming 21
days, be selective and hold the positions.
Futurologist
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