TimeMap

 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 28^th and 29^th 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