StockZodiac
Reservoir
of Wisdom
We were expecting a minor rise followed by a correction and nominal
negative weekly closing, on the contrary nifty kept moving up. from the low or
from March 29th onwards – bulls have enjoyed a nice party. Many
stocks witnessed vertical rise in stock prices, and most of the bullish traders
were on the verge to surrender and many actually sold during the first pull
back, and many weak hands moved out before 17500. Best was recovery in Pharma
and metal space, and undoubtedly automobile has surprised everyone.
Technical – 16800 was mentioned long back, current level of
17700 is again not a surprise for us. We are close to supply zone, and reducing
leverage exposure is highly recommended. Crossing of 18200 within next 30 days
would confirm the upside target of 20665 within 13 months. All the downside
levels remain the same, as nothing has changed, and not expected to change in
the next 15 days.
TimeMap – it was clearly mentioned that post March 31st,
market will rise or bounce from the lows, and we are waiting for Index heavy
stocks to rise further. Metal sector and select Index heavy stocks are showing
very positive.
Technology sector showing negative movement, and it is also
one of the best periods to invest in technology stocks.
April 20th Sun 90 Pluto – is major negative aspect,
it is more to do with natural destruction than wealth destruction.
Weekly minor negative cannot be ruled out.
April 17, 2023: Monday: Good Day, bullish day
Lower opening is expected. In the opening session
participation would be less, but post lunch institutional buying would lift the
sentiment in the markets. Banks and Metal sectors would hog the limelight. STBT
recommended.
April 18, 2023: Tuesday: Auspicious to Short
SELL positions should be created with a view of 5 to 13 days.
Sun transit in Nakshatra Ashwini is best for the short-term position traders,
and long-short strategies give best results. STBT recommended.
April 18, 2023: Wednesday: Bad day
There are bright chances due to some external news, market could
open in big negative, and further fall or panic sell off cannot be ruled out.
It may happen in broad index or specific session. Contrarian Buy in FMCG and MEDIA.
April 19, 2023: Thursday: Avoid new Investment.
Technology might witness negative news, and also few stocks
may give a nice major negative trend divergence on the charts, do not panic and
wait for right opportunity to invest. Leveraged trading positions can be
created.
April 20, 2023: Friday: Investment Day
Real estate, Private Banks and MNC big brand companies would
be best to invest with medium to long term view.
Pharma sector would witness selling and big PSU would be
under pressure.
BPCL is coming very positive in the system.
Futurologist.
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