StockZodiac Reservoir of Wisdom
On the close basis after 21st January – last week's close was the highest, so in the 9th month, we have seen a new closing high. Do not know how it would be taken by the various technical methods, but the most consistent, easy, and trend-following method of Dow theory has given a sign of a major bullish market. Broadly rangebound volatile week, and best for next 30 days.
THE SOLAR date has given Buy on Cement, Technology stocks, clearly the winner. As per the weekly candle 17409 is Stop for Nifty Bulls, initiate SELL trades when 17360 gets broken and bounce happens around 17475 tp 17650 Zone.
Technically – Markets are in the uptrend, further rise should not surprise, or even if a correction begins one should not get in panic unless 16500 gets broken with very high volumes. Technology and Banks have shown signs of bottoming out and probably could give buy signals in a few trading sessions.
Bank Nifty has given a positive breakout, I had posted an extremely Bullish View on the Bank Nifty, with a huge upside target. BankNIfty has confirmed CB & CT on the weekly Charts, around August 15th, had mentioned that banks are likely to give big upside movement.
TimeMap, Broadly looking at the upcoming week, our view is profit booking is recommended, to reduce leveraged exposure. Especially from Tuesday onwards external factors can hit market sentiment very badly. It would be a temporary volatile panic spike and can hurt major market sentiment. Avoid excitement; the best strategy is to just go easy and slow.
The Solar Date – Technology Buy signal should give 1 whipsaw, before the real rally begins, in my opinion, wait for the 2nd confirmation on the technology sector.
Positive stock Names – PVR, ABFRL, DLF, BATA, MARUTI, DCB, BAJAJ AUTO, MUTOOT FIN, ASTRAL, PAGE, and ZEEL.
Negative stocks – Sun Pharma, Tata Power, Eicher Mot, ICICI bk, Mah& MAH, and LT.
September 12, 2022: Monday: Auspicious Day
A flat to negative opening is expected. Aggressive intraday buying and a short covering cannot be ruled out. Media and technology stocks would attract a lot of attention. Buying trades from an intraday perspective could be rewarding. STBT recommended.
September 13, 2022: Tuesday: Good Volatile Day
Ttihi change would be interesting as it is happening during trading hours, the Tuesday effect is negative, and ideally SELL and BUY strategy would give the best results.
Technology is the sector to watch.
September 14, 2022: Wednesday: V shape movement
Influence of the Tithi and Nakshatra indicating potentially we should get V shape intraday movement in the markets. Mean reversion indicators would give the best results. Banks, Pharma, and FMCG sectors would change the market direction.
September 15, 2022: Thursday: Bad Day
Momentum breakout would be best for the day, a Long-short basket would be the ideal strategy for the day, and volatile moves & opportunities will give the best profits. STBT is highly recommended, and it is advised to reduce leveraged exposures.
September 16, 2022: Friday – Auspicious Day
Big negative movements or even a market crash cannot be ruled out. The aspect of the day is showing big money will be made by a select few, so be specific, and do cut losses at the earliest sign of negativity.
Sun 180 NEPTUNE, VENUS 90 MARS additional aspect is Laksmi Yog, the aspects are negative and could hurt sector leaders.
Futurologist
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