StockZodiac
Reservoir
of Wisdom
The volatile week gave some surprise and enough trading
opportunities for the traders. As per TimeMap after 31st March – by May
10th We had expected smart recovery in the markets and it turned out
true, and now we are close to 2nd leg of our forecast that from May
19th some negative activity would trigger panic in the markets. Our
job is not to create optimism or pessimism, using TimeMap one can adjust
positions and take known & calculated risk.
Technical – Markets closed in positive 245 Nifty points,
which is slightly above major hurdle of 18188 to 18270 Zone, and expectation is
all the technical indicators would be in positive mode, and clearly 20000 does
not seem a far-fetched dream, and ideally corrective move should be used as
investment opportunity. On the downsides 17450 and 16570 will give a very
strong buying level, and strong hands would protect the zone. On the upside
final 18850 is the strongest defence line for the short’s sellers, and near to
that there would be very high-volume churn.
Gap Down on Monday would be considered as positive for the
markets, as we are expecting a corrective phase, and SOLAR date as well as
Eclipse impact would be felt now.
TimeMap – As we were very clear with our in-house proprietary
forecast thrown by #ZodiacAnalyst, we acted accordingly and got rewarded, in
good times everyone performs, what really matters is during bad times what
really matters is how we respond. Post May 19th till 3rd
June our view is to be adopt protective & defensive strategy, have a buffer
of funds to invest during for panic opportunities.
May 15, 2023: Monday: Directional Day
Trended movement in the market is expected after lunch time,
and in the first half expect a volatility in the markets. Divergence indicators
would give best results. Sell and Buy strategy for intraday and the overnight
treks as well.
May 16, 2023: Tuesday: Auspicious Day
Gap down opening and panic sell off cannot be ruled out. Sell
and Buy strategy is indicated, towards the end of the day, look for oversold
reversal indicators. Selective BTST can be initiated. Jupiter 90 Pluto will
trouble Defence companies and PSU banks.
May 17, 2023: Wednesday: Bad Day
Highly volatile day, confusing influence of the planets would
push participants to take decisions which may prove expensive, we suggest being
very careful, take few extra moments before entering a fresh trade. Defensive
strategy will give best results.
May 18, 2023: Thursday: Bad Day
Day traders look for buying trades, Sun 60 Neptune is good
for the technology and research-based companies, and communication especially
mobile companies might witness positive news and results.
May 19, 2023: Friday: Bad Day
Market sentiment is positive, technical indicators are in
positive, so there would be lot of volatility during the week. In case a pattern-based
stop get triggered ensure selling during the pullback rallies. In our opinion,
in the next 10 Days there would be 500 to 700 Nifty points volatility.
Negative weekly close is expected.
Futurologist.
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