StockZodiac Reservoir of Wisdom
It was a very volatile week, movement disturbed and
whipsawed best of the indicators and systematic algorithm systems, while
individual traders were not able to participate due to opening gaps, but an amazingly simple approach of Buy when the markets are in negative and Sell when in big
positive is working the best. As expected from closing basis markets gave a negative close yet making money in stocks was far easier. Defense and PSU companies, which
we have been pushing for the past few months, give the best results. Most will
be surprised to know that the momentum ETF has more contribution from the PSU
sector stocks and performing well. Our opinion is getting more firm about a new
high in the coming few months, and INDIA could be one of the best-performing
markets in the world.
Technical – The weekly pattern is indicating a bullish undertone, and unless something goes wrong in the global markets, especially with the currency or the oil market, nothing will pose a major threat to the Indian markets. There is a need for consolidation and contraction in the volatility is required before we get any trended movement in the markets. Corrective movement of 16900 and below would be considered particularly good for the markets and long-only strategies. Trading avg above 18120 with the higher participation would confirm a new high with the first confirmed target of 18845 and the next would be 19455, most likely to be achieved before December 31, 2022. On the downside 16240 is one of the strong zones of accumulation, and especially those who missed an earlier dip can use it in case the level gets revisited. As we are expecting a little deep corrective movement post-Solar date, ideally 16570 is easily achievable, and it is a confirmed target, breaking of 17150 would confirm the 16570 levels, we suggest selling on the rise and reducing long exposure.
TimeMap of the week ahead, there are no major aspects,
but the impact of the past week and a week before that will continue to show
the results. Bank stocks are showing a lot of positivity, but power and auto might witness
profit booking. The biggest winner could be Reliance, it is coming very
positively in the systems.
Stocks positive in the week – Reliance, GodrejCP, JSW
Steel, HCL tech, Bharti, Astral, TechM, and LT.
September 5, 2022: Monday: Bad Day
Deceptive movement is expected in the markets, delayed
participation is highly recommended, and there are more chances of failure
patterns on intraday charts. Tithi 10th is strong, in case of
lower opening buying is highly recommended. IT and Bank both coming positive on
charts.
September 06, 2022: Tuesday: Bearish Day
Tithi 11, is considered bearish for the markets. While
sentiment in the market is optimistic, it is best to book profits in the long
positions. Sell trades would be good for the intraday trades.
September 07, 2022: Wednesday: Auspicious Day Bullish
The divergence indicator would give the best results.
Buying oversold stocks is highly recommended. Overall market sentiment would be
very cautious and confusing and the best would be to use contrarian trades, it would
be a little difficult but make effort and execute contrarian trades to make a lot
of money today.
September 08, 2022: Thursday: Auspicious Day
Aggressive position build is suggested, especially
operator or khabri news would give best results. Adani group is showing signs
of exhausting movement and seems something could go wrong. Look for short-sell
ideas, in positive market sentiment.
September 09, 2022: Friday: Bullish Day
The buy and Sell strategy would give better results.
High beta, Index heavy leaders and operator-driven stocks will give the best
positive movement, our view is positive for the day.
Futurologist
No comments:
Post a Comment