StockZodiac
Reservoir
of Wisdom
Technical view: in our 3rd-week
newsletter, we mentioned short term top has been formed and a slow steady
gradual decline will begin, in the last 10 trading sessions, from December 12
to 21 movements were volatile in a tight range, and the breakout of the 21st
has given 2 big falls, and 2 more scary days ahead, that is Monday and Tuesday,
a panic fall will be an opportunity to invest or cover shorts.
The Friday close is the perfect
level to cover short-term sell positions, 17775 is the key level. The level of 17630
to 17510 is a strong hand-buying zone, retail investors would find it difficult
to buy or increase long positions. Shared the charts and levels in the group. As
a pessimist 16800 to 16600 remains the strongest Buy zone.
Time Map – Going forward
as given in the technical, clearly data is suggesting downside risk is less and
the upside is more from levels of the 17650 zone. The time factor is showing negativity
of 2.5% and an upside or positive move of 4%. INFRA and AUTO coming negative,
IT is coming as best followed by the Pharma sector.
Weekly closing would be
higher than the opening levels tomorrow which is Monday opening. Sun’s position
with Mars, Mercury, and Venus over 5 days is very strong and positive.
MIDCAP 50 is showing very
positive 15 days from Monday, December 26th to 10 January.
In a volatile week with
alternate bouts of positive & negative closes, positive closings would be
stronger.
December 26, 2022: Monday:
Good till 15.
Tithi 4th is
deceptive, Nakshatra Shravan is good for Khabri calls. A higher opening is
expected, after an intraday panic sell-off, markets will bounce & rise till
the end of the day. BTST is highly recommended.
December 27, 2022:
Tuesday: Bullish Day
Tithi is best for the
momentum, use short-term hourly momentum indicators, a lot of money can be made
today by the trend-following methods. Best day of the week to make momentum
trades. STBT indicated.
December 28, 2022:
Wednesday: volatile day
Volatility would clear,
expecting rising directional movement in the first half, from 14.10 onwards
look for short-sell counters. Market-neutral baskets for today post lunch and
tomorrow evening are highly recommended. Dhanistha is very positive, being
greedy is a must for a successful businessman, so today mature greedy people
will initiate fundamentally sound calls. Nifty next 50 stocks would give best-buy
results. STBT is highly recommended.
December 29, 2022:
Thursday: Pattern failure
Gap down and further panic
selling is a big probability. We are expecting a panic scare today and then
recovery. Strong hand and institutional buying in big stocks would lift the
market sentiment into positive territory. Divergence indicators would give the best
results today. STST is recommended.
December 30, 2022: Friday:
Auspicious Day
Big negative or gap down
cannot be ruled out due to some global reason or event. Banks will get hammered,
overall, the first, half would be bearish and 2nd half would be
bullish. IT would be best to participate, Metals and SMALL cap is showing big
positive.
Futurologist.
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