StockZodiac
Reservoir of Wisdom
The range of movement got further squeezed, and volatility dropped.
Even volatility in stock prices got arrested, and it seems participants are
waiting for others to take the directional movement. Banking as expected
recovered, and even Infra stocks performed well, FMCG is slightly negative, and
over-hyped stocks with extremely high PE are getting adjusted to realistic valuations.
Now, it is getting trickier markets have become indecisive,
and while our main trend view is bullish, we would suggest continuing selective
buying or rather accumulation is the best strategy.
Technically – As we mentioned on the weekly chart, the uptrend
is continuing so Index heavy good stocks can be accumulated, on the other hand,
sector rotation is nearing the completion pattern, which means in another 3 to
7 weeks, we should see a major positive breakout on the charts. The chart needs
a little more consolidation which can happen as mentioned before, so everything
remains the same as per technical.
TimeMap – January 18th Aspect had indicated major wealth
destruction, the external wealth destruction that happened in Turkey’s earth
quack, and probably we would be seeing something similar in India in 2025.
PLUTO, SUN,
MARS, and MERCURY aspect not single, between any 3 of them often causes wealth
destruction, it has been found time and again and it happens within 40 to 45
days. Broadly a positive week ahead, Saturn 0 Sun is a major aspect, but as
mentioned it is stand-alone 3rd planet involvement is missing so it
can give big fluctuation but nothing major. Broadly week is going to be very
positive for the markets.
February 13,
2023: Monday: Bad Day
Higher openings
of indices and rising trends should be viewed as opportunities to initiate a short
position. Sell and buy would give better results today. A good technical
analyst can easily identify stock price taken up manipulatively for an exit –
such a counter should be hammered.
February 14,
2023: Tuesday: Good Day
A negative opening
should be considered positive, day traders look for buy trade in the opening
and sell signal in the 2nd half. Volatile day-long shorts both will
get a fair chance. Multiple trades and quick profit booking would be the best
strategy. BTST Metals, Private Banks
February 15,
2023: Wednesday: Deceptive Day
Wide opening
in some stocks would attract volume and a lot of retail participation, and there
is an absolute big chance that once again ADANI would come under big selling
pressure. Difficult to make money, use momentum breakout indicators. Be very
choosy about the trades, less is better, and ride the trades.
The best is
to have a long-short basket – systematically executed, not an easy day to make a
screen judgment and participate in the market, as the number of news would make
it difficult to take quick calls.
February 16,
2023: Thursday: Bullish day
A lower or
flat opening and then a positive close would be a perfect zodiac influence on
the day. The automobile, Infra, and cement sectors would hog the limelight. Our
view is more positive for day traders can make a lot of money, more
participation is recommended, and the best day to make intraday profits.
February 17,
2023: Friday: Positive day
While
Sentiment in the market would be very positive and optimistic reducing the leverage
position is highly recommended. Position short can be created since the day is auspicious
to sell and buy. STBT recommended.
Futurologist.
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