StockZodiac
Reservoir of Wisdom
Sun Transit in Nakshatra Chitra
continues to trouble overnight traders, especially those who love BTST or STBT.
Except for Friday, the rest of the days really went well, as expected based on
the TimeMap.
Technical – Chita gaps sending confusing
signals, wide volatility is hurting both sides and now the best play would be
to look for Sell trades, as our target of 16450, looks like getting confirmed
by the Friday movement. Global sentiment is negative SGX showing a negative
opening, a gap down would clear the doubt of 16450 within a few days, and the
best would be 16200. As per TimeMap, Chitra will end by October 22nd,
and SUN would enter Nakshatra Swati, the best period to initiate long-term
investment, which can be 8 months to 7 years. The finest business decision-makers
have a strong influence on Nakshatra Swati in their individual horoscopes.
TimeMap, in the coming week few big
aspects of SUN with Pluto & Mars, and Venus has aspects with Pluto and
Saturn. Venus 90 Pluto indicates wealth destruction from the 19th to
23rd high-risk zone, few developments can hurt sector and
equity markets across the world. Ideally, time to reduce exposure, especially
leveraged exposure. The good part of it, is Venus is in its own sign, the
recovery of quality and fundamentally good companies would be quick, and
operator-driven counters would witness liquidation and sell-offs.
Weekly perspective, based on global inputs lower opening is
expected, Tuesday post lunch we should see a very strong recovery, Wednesday
higher opening should ideally get followed by some short covering and then once
again selling pressure, as mentioned above from the 19th to 24th,
do expect due to external news – markets might witness wealth destruction,
which will be short term but the impact would wipe out few portfolios and even
corporate entity would come under the scanner. This time it is not Adani, but
some other name is expected, as the Adani group is not as negative as
previously. Friday Cement and Steel stocks would see big volumes and a rise in
prices cannot be ruled out.
Futurologist.
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