TimeMap 4th July to 8th July.

StockZodiac              

Reservoir of Wisdom

The Sell off from June 3^rd to 20^th un-nerved most diehard bulls in the markets and more pressure was felt when the following days failed to give even the 50% bounce off the fall. It indicated that market participants are getting cautious and going slow on fresh investments.

Movement in the market was choppy, and it was not comforting at all, rather weekly movement added further confusion.

Technically – the Nifty is in the downtrend on a daily, weekly, and monthly basis, and as of now apart from the assumed bottoming out process, there are no confirmatory signals on the charts. Earlier technical levels have not changed as there was not a major movement.

TimeMap is turning positive for the bullish camp, especially from July 6^th the Sun entry in the Nakshatra Punervasu, is the best possible zone for the revival of the bullish sentiment. Mercury is also positive, so Technology and communication sectors would see the revival of investment interest from long-term investors, such as pension funds. Past data is showing that July has been a positive month, and quite a few good names are coming up as good investment ideas.

The weekly data is very positive, and Mars 60 Mercury Data is indicating volatility would rise in the coming week, intraday price band could expand, giving wonderful intraday opportunities to intraday and options traders.

Buy-side stocks – M&M, HDFC, Dr.LALPATH, INDUS BANK, LT, ASIAN PAINTS, COLGATE, and ITC.

Negative stocks – PI IND, MUTHOOT FIN, LUPIN LABS, OIL IND, BANDHAN BK, MGL, and BAJAJ FINserve.

Going by the broad planet positions and the market responses, a positive weekly close would not be a surprise, rather we believe that big gains are possible overall during July.

 

July 4, 2022: Monday: Volatile Bullish Day

A higher opening and positive sentiment would be a bit of a surprise to many. The day is very positive till midday, and towards the end, the bearish sentiment would spread and hit the markets.

July 5, 2022: Tuesday: Volatile Bearish

Gap down opening cannot be ruled out. Traders can make a lot of money today, which means reversion or reversal trades will give wonderful opportunities.

July 06, 2022: Wednesday: big movement day

Slow and steady markets would pick up momentum, and unexpectedly wide movement in a few counters will surprise the participants in a big way. Divergence indicators would give the best signals and trading setups.

July 07, 2022: Thursday: Good Day

In the opening session sentiment in the markets would be very optimistic, patience will be the best reward, and delayed participation would reward. STBT is highly recommended.

July 08, 2022: Friday: Auspicious day of the week.

The higher opening would be followed by selling, overall slow and steady markets should give gains of the opening levels. Day traders sell and buy would reward big,

 

Thank You

Futurologist