StockZodiac Reservoir of Wisdom
The Last week, we avoided day-by-day forecasts due to the simple reason of a tough zone to
forecast, so we avoided. We had also expected expansion in the volatility, and
testing of the 16700 zone, which came a little earlier than we expected. Friday was
not a big surprise, as Tithi 5th has given best of the positive upward
rallies especially if the sentiment is negative.
As you all know, Tithi
4th or Chaturthi has given many big negative days, and it is a no-brainer 5th of Panchami gives a nice pullback. Noticed that Metals,
and Banks recovered nicely from the lows, while technology is showing signs of
bottoming out.
Technical – As expected
16747, we had mentioned that 16650 would witness buying from the strong hands.
The current recovery from the lows is not going to give any insight, we need to
wait as a further rise to 17450 would indicate that bulls are equally strong, and
have not given up at all, and bulls and bears have equal strength and chance to
win the battle. As mentioned, nothing has changed, the only positive thing is that the
Friday rise indicated huge money waiting to get invested.
TimeMap – Currently SUN
is in Nakshatra Hasta, as we have mentioned before, one of the finest times to
invest during the panic, and especially stocks which have given deep correction, and
quite a few are available at beautiful valuations, SUN will remain in hasta
till October 10th, ideally panic sell-off followed by recovery would
be general tendency. After Sun enters Nakshatra Chitra, volatility and the
range of movement would increase further, it would be better rises up to 17450 and
markets hit a new low around 16650 or 16200, and then a new bull market begins,
consolidation is always welcome. On the upside best short sell level is 17650
-750 with a stop of 17900.
One of the best
TimeMap zone to invest in Midcap quality stocks, or the stocks which are on the
verge of entering from small cap to midcap, this is the best time to invest in such
stock ideas, and from an ETF perspective MIDCAP index and ETF would give best
results.
Venus in Virgo is not in a good position, and wealth destruction is indicated, which has happened in the
past few days, another big opposition is Jupiter in Pisces, Jupiter 180 Venus, indicating
conflict and confusion, the reason of Volatility.
October 03, 2022:
Monday: Good Day
Gap
down opening would not surprise, Friday close was more from the position sizing
point, and the market action had more book adjustments than real fundamental reasons.
Our view is bullish
and being selective is critical and important for the portfolio. Engineering and Natural resource-related counters would attract heavy investments.
In case markets close
flat or slightly negative, we strongly recommended BTST today.
October 4, 2022: Tuesday:
Auspicious Day
Ideally, a positive
opening and further rise would surprise and trap many swing traders on the wrong
foot. Tithi Navami gives illusionary bullish sentiment, and people get excited
and enter long trades, and that’s when the surprise begins. BTST is highly
recommended.
October 06, 2022:
Thursday: Good to Sell
Greed will dominate
the market sentiment. The best would be to cash profits. Use breakout indicators
for selling and not adding new stocks. Tithi Ekadashi or 11 gives more often
negative movement in the markets, we recommend day traders should aggressively sell
before 12.30.
October 07, 2022:
Friday: Bad Day
Technically – it is a proactive day, participate proactively, and do not wait for the signal to get triggered.
Participate with conviction & self-belief, it works far better under the influence
of Tithi 12. Wisdom investing is highly recommended.
Futurologist.
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