StockZodiac Reservoir of Wisdom
We started as ‘Stockzodiac’ a weekly newsletter under
the guidance of Mr.Mervyn Sherman, we used to explain market trends and the
levels to entry zone, price target, and exit points. The technical method used
is known as ‘Dow Theory’ which is a method and not a theory. At a glance at the
chart, Mr.Shemrna would say next, after many charts, he would say wait, this one look good, in a few minutes would narrate the full story that is unfolding
behind the price bars, and probable direction and level that is confirmed.
Then he would ask me what do you see in the chart?
Mostly – I would be blank and sometimes would try my best to utter something with a smile light a cigarette, and would start narrating the story
behind the charts, he could read the mind of the strong hands, smart investors,
and operators, he would often use word manipulators instead of operators. He
taught me how to chat with the charts.
Last week as expected markets gave the deception on Chaturthi, triggering the recent high, taking the hard stops, and on Friday the Auspicious day nifty broke the low of our SOLAR date. Technology was a big surprise, and it also means there is some more room left for a further decline in the prices of tech stocks. Banking, Cement, and Select specialty chemical can be best bets in the coming few months.
The technical – clear signal is to reduce the leveraged and even
equity positions and make room or funds for the opportunity that is around the
corner. The risk profile is on the higher side, many stocks have reached or
have entered the death zone and would be difficult to escape if the reversal
begins. As of now the exit point for Nifty long is 17380. The Nifty correction
till 16475 would make the market stronger and confirm that 19000 will
get crossed before May 2023. Technical indication of reducing positions,
investors need not panic as we see one or two good rallies before 17390 gets
broken.
TimeMap - In the coming week, we should ideally see a positive
close, and many stocks would give nice exit opportunities, rise should be used
to trim the positions. There is a very bright chance in the next 15 days the range
would get broken from 17950 to 17390, as per current observation the chances of
downside are extremely high. Sun 120 Uranus is a positive aspect for the sector
leaders and especially for the power companies.
The infrastructure sector and capital goods sector
would be doing extremely well, we believe in the Power sector some big movement
can be expected.
September 19, 2022: Monday: Volatile Day
A higher opening is expected. Tithi Navami's
observation has been first part is optimistic, in the second part Short sellers
can make a lot of money, so post 11.45 look for selling ideas. PSU stocks would
rise.
September 20, 2022: Tuesday: Bad day
Nakshatra and Tithi suggest reversal trades or mean
reversion indicators would give the best trading results.
September 21, 2022: Wednesday: Auspicious Day
Buying quality stocks is highly recommended, Metals
and Technology can best results, Trade life should be till Friday. Energy-related
stocks will do extremely well.
September 22, 2022:Thursday: Auspicious day
Momentum indicators would give the best results.
Metals and very high best stocks can give the best profits and trading is
highly recommended. In case a position is losing exit at earliest, and hold the
profitable position with trail stop. Directional movement is expected. NMDC,
SAIL, GMDC, and JSPL need a close watch. BTST is Automobile, and Private banks are
highly recommended.
September 23, 2022: Friday: Highly Volatile day
We are positive about Cement, and automobiles, and
surprise could come from the real estate sector. Overall positive day and week
expected.
Futurologist
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