StockZodiac
Reservoir
of Wisdom
We were surprised not by the move or level of the nifty, both
were expected, but by the aggression shown by the participants. Generally, it
takes time for the markets to recover, and the move is concentrated, this time move
was broad-based, looks like more ETF money got pumped in. The overall week went
as expected.
Technical – in the coming week, the 17766 will act as a strong
selling zone, or trapped positions will get liquidated. Simple sell-on-rise
mindsets will also reduce the exposure of the holdings, on the downside 17230
will act as a buyer zone, and shorts would come forward to cover their
positions. Looking at many charts across different sectors and market caps the overall
sense is that there is going to be a strong bounce after a minor pause. Many
charts have shown a bottom sealing pattern, which means the upside probability
is very high.
TimeMap – as mentioned before overall current zone is somewhat
positive for the markets. A negative close on Monday would indicate bright
chances of a minor negative close in the current week is a big probability. IT,
INFRA, and MNC look best for the speculative positions. IT and MNCs are more
prominently positive. The aspect of Jupiter 0 SUN has a significantly negative impact
on the markets, especially from the central bankers would hurt the sentiment in
the markets. April 14th SUN will ingress sign Aries, one of the best
speculative spots for the SUN, undervalued Index stocks would start inching
towards their fair valuations.
April 10th, 2023: Monday: Bad Day
Tithi 4tth gives the best momentum trades, and it
is going to be very dominant today. Ideally, markets should give a negative
close. Selling and buying would give better results. STBT is highly
recommended.
April 11, 2023: Tuesday: Bad Day
A gap-down opening of the nifty is a positive sign. We would
see a nice recovery in many stocks, contrarian trades, and mean reversion
indicators give the best response to Tithi 6. NBFC would show a strong buying. BTST
April 12, 2023: Wednesday: Bullish Day
Tithi is bullish, Nakshatra of the Moon is bullish, expect a bullish
movement and sentiment in the market would be very positive. Auto, Banks, and MNCs
FMCG is likely to attract big fund flow.
April 13, 2023: Thursday: Volatile day
The last
day of the week would be volatile, and market-neutral basket strategies are the
best on such days. Divergence indicators can give nice trades. Intraday towards
close bearish movement is expected. STBT recommended.
Futurologist.
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