TimeMap October 10 to October 16th ----

 StockZodiac

Reservoir of Wisdom   

 

Last week as expected markets bounced after giving a nice panic scare on Monday, and then recovered to reach 17425, it was mentioned in the current situation both sides are at par, and it would be difficult to ascertain which side will win, ideally, the best would be investors should WIN. Friday's movement was most boring, and closing was negative, which added more stress, most wanted to do BTST, the chart was suggesting STBT.

 

Technical Analysis – September 30^th rise was no surprise, as most mutual funds would-be buyers, a clear 3 successive days of selling gives all the valid reasons to be buyers on 30 September, which helps to maintain the NAV. The close-to-open gap of 3^rd to 4^th October needs to get filled, and that is expected on Monday or Tuesday in the coming week, and it is a brainer as SGX is showing a negative and big gap down.

As per the charts, we would suggest looking for Buy signals or patterns around the 17050 to 16800 zone and using hourly patterns for the confirmation and position sizing.

 

TimeMap – is in favour of the bearish camp on Monday and Tuesday, and on Wednesday bullish camp might defend their positions, and even push prices up, in fact, Tuesday's 2^nd half mean reversion indicators will give the best results. Thursday the 13^th is a bad day, day traders should restrict themselves to very few and take small positions, it is the most deceptive day of the week, and the majority will lose big money. Friday is going to be calm and choppy just like last week.  

Sun will enter Nakshatra Chita. The gaps formed under the influence of Chitra have a lot of meaning to it, the impact is visibly clear and last for a couple of weeks. Spike in volatility is no surprise, and there will be a wide swing in the first 8 days that is from the 11^th to the 19^th. High beta stocks perform extremely well and give directional momentum in high beta stocks. We are expecting momentum breakouts post-Wednesday, and trend-following systems would give the best performance in the coming few days.

Nakshatra is Chitra- also known as ‘Star of Opportunity. People influenced by ‘Chitra’ are brilliant, sharp good looking, creative, and opportunist. Their response & action is quick as they can process information swiftly. The finest performance in the trading team of options traders, jobbers, and arbitragers comes from people influenced positively by the Nakshatra Chitra.

Positive stocks as per time cycle are – ABB, APOLLO HOSP, CENTURY, MARUTI, SHRIRAM TRANSPORT, WIPRO, INDIAN HOTEL, LT, BPCL, and HPCL.

Negativity is seen on – HINDALCO, GRASIM, ITC, JINDAL STEEL, and BHARTI.

 On a serious note – stocks that have given BUYING or Signals on weekly or monthly charts during SUN transit of Nakshatra HASTA & CHITRA should be bought during the corrective phase of Nakshatra Swati. (10 Lakh for reading this note.)  

 Another interesting TimeMap recommendation is Stocks that have picked up Momentum or directional move either up or down, during the Kruttika and Ashlesha, generally give the best reversal during Hasta & Chitra. (10 Lakh for reading this note.)

 Futurologist.