StockZodiac
Reservoir of Wisdom
Last week, the
movement in Nifty futures damaged the sentiment of the market participants. While
rest of the week was positive, and participants were left out of the markets. Friday
was comparatively far better than what we had anticipated, actually, the
balance of power in the long-short position was very soothing.
The current
situation in the market is well-balanced, and both sides the bulls n the bears seem
to have an equal chance to win.
Technicals – markets have bounced from the lows, while the bottom
is not well consolidated, and may require further strengthening. We believe a
more proper balance is needed, and the upcoming 10 days seem more in favor of
the bears. A minor in Nifty would
attract selling from big investors & Institutions.
A very
strong selling line is 18190 – which will act as a line of resistance to the rising
trend in the markets.
17500-17300
needs double bottom, and probably the coming few days would give that chance
again.
TimeMap –
The coming week is clearly in favor of the bears. Except for IT as a sector
everything else is showing negative movement and could really damage the
sentiment in the markets.
Mercury is
very powerful during the week and looks like the Metal and especially the steel
sector will witness heavy volumes, positive direction.
February 20,
2023: Monday: Bad Day
Selling is
highly recommended. Broadly week is showing weakness and further fall in many counters
seems almost confirmed. Someone is in a hurry means, holding capacity going down
and we may enter a forced liquidation round, which could trigger cascading
effect in the markets.
February 21,
2023: Tuesday: Bad day
Tithi 2-
will begin after the Sun Rise of today, and end before the SUN rise of tomorrow,
so as per Niryan System this is known as Shai – or missing Tithi. Banking & Financial will hold the markets,
broadly showing negative movement. Going slow on investment is recommended. Traders
in case markets fall big today, aggressive BTST is recommended.
February 22,
2023: Wednesday: Auspicious Day
Buying
oversold stocks, and wherever stake is to be increased, buyback to be announced,
or stake purchases to be finalized it is the best day for such transactions. BUY
and SELL strategy will give the best results.
Wide
movement in Index futures is expected, directional trades would give better
results.
February 23,
2023: Thursday: Auspicious Day
Tithi 4 is
deceptive and Nakshatra Revati is sensitive and any news can trigger panic in
the markets, be prepared for a steep fall in many scrips. IT would be best for short-side
trades. BTST Auto.
February 24,
2023: Friday: Good Day
Gap down is
a clear sign to buy and get aggressive on the long-side trades. Position buy
trades can be initiated; long-term business agreements can be signed.
A weekly negative
close is expected.
Futurologist.
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