TimeMap July 25th to 30th

StockZodiac                                                            Reservoir of Wisdom

 Last week we had mentioned that above 16350, markets will rise a further 350 points or 16700 within a few hours, and it happened. Sentiment in the markets has turned from extremely pessimistic to mixed or a little more balanced. We had been extremely specific about positive TimeMap in the last week, our view was bullish and had suggested more buy trades.

Technicals, the steep recovery from the lows has surprised many technical traders, for some reason chartist feels the human mind works linearly, they draw lines connecting tops or bottoms, while it is a scientifically known fact that the lines give anxiety attack, and work negatively from the creative or visualization perspective.

We believe that the Nifty has crossed a major psychological point, and now seems will get volatile just to consolidate further. Last week's rally has confirmed 17350 very soon, will correction happen after scaling 17350 or from the current levels, is difficult to predict using technical. We are at good levels, and won't surprise in case selling pressure mounts from the current levels. The buyers and the trapped short position will give support at the 16400 to 16150 zone, thus becoming a support zone, as always be ready to aggressively increase long positions around 16020. Option sellers 16850 is a key level that would attract a lot of activity.

 

Wealth destruction aspects are lined up in the coming week. Something is happening that would send another panic and anxiety attack in the markets, the reason could be a natural disaster or major accident. TimeMap, coming week is going to be a little difficult for the markets, participants are confident, but it seems TimeMap is showing a different picture, some external news would hit and affect market sentiment. It seems a negative week ahead, as the broader market is also having a negative influence.

Jupiter 90 Venus aspect on 25th, well experienced, matured, and acclaimed analyst would deviate from their previous recommendations, the conflicting opinion would add more volatility, and negative influence in the markets. 

Banks and NBFC are coming more negative while IT and Communication is coming very positive.  We gave a buy call on the Automobile sector on December 21 and March 22, Transport theme is getting attention, and investment calls from the chartist and even the fundamental investors, now just delay by a Mercury cycle of 88 days. We would be initiating part profit booking once buying frenzy begins in the Auto stocks.

 

Weekly TimeMap is positive for the following stocks KotakBk, Dr.Reddy, AbCapital, M&M, Wipro, ICICIprulife, Apollo Hosp, IciciBk, Mannapuram, dr. Lalpath, Asian Paints, and finally ZeeL.

Negative TimeMap for – Reliance, Tata Motors, Century, BankNifty, LTI, DCB, REC, GodrejAgro, TechM, and Tata Power.

How to use the above list? Use technicals as 2^nd confirmation. Even if the sector is in action in the primary trend, such a TimeMap zone gives insight into a probable reversal or corrective phases. The list will give the best results with reversion indicators.

 

July 25, 2022: Monday: Volatile.

Tithi is good to initiate new position trades and counter offensive trades. Moon Nakshatra indicates swift action and aggression will give an extra edge. One of those days, when speed will matter more than anything. STBT is highly recommended. The influence of Jupiter 90 Venus is negative for today.

July 26, 2022: Tuesday: Bearish difficult day

Intraday panic due to external news is the best possible, so do punch stops in the system.

Momentum & trend indicators will give the best results, wide movement in many scrips will give huge profits in a single trade, and holding a profitable position is the key.

July 27, 2022: Wednesday: Bad Day

Oversold indicators will give the best results, turnaround stories, midcap, and small cap would witness buying from most of the participants. Delayed participation after confirmation would give better results.

July 28, 2022: Thursday: Bad Day – Good to Rollover longs.

While it is Thursday and Moon is in Nakshatra Pushya along with Sun, make it a particularly promising investment day. Decision-making is easy and best, aggressive participation is highly recommended. Metals would be best to look for the turnaround, and BTST in the same is highly recommended.

 July 29, 2022: Friday: Breakout day

Ideally, consolidation breakout is the best pattern, operators are aggressive and in case the position is in loss do not think but square it.  Delay in the decision would hit extremely hard. Metal & Reality needs to be watched today.

 

 Futurologist