TimeMap of May 2 to May 6

 StockZodiac

Reservoir of Wisdom

 

The Month of April as expected performed extremely well. We shared the data, that after 31^st March Nifty is showing positive movement. While indices have not done that well, still many stocks have shown a strong recovery from the lows, which is typical as TimeMap has suggested. Bank & FMCG sectors showed a strong recovery, and the infra and manufacturing sectors showed a very strong turnaround. NBFC stocks have been underperforming and a big drag was Insurance companies. Broadly speaking monthly, APRIL did not give any unexpected surprises.

 

Technical – As per the technical, Friday’s close is near a very strong supply zone, the gap up can be used to book profits, and even look forward to reducing leveraged positions. Sentiment in the market is turning very positive, a close above 18360 will turn the weekly trend positive, but it is not that easy, before that we may see a strong supply and short selling from bearish traders. On the downside, the 17700 and 17500 will attract heavy investments from institutions and retail investors. As a trader – instead of long positions – it is better to look for sell signals and get aggressive sellers.

 

TimeMap – Coming week is not positive for the bullish camp and from May 4^th to 10^th is our SOLAR cycle date, which means – there is a good possibility that we may see a steep correction in many stocks. We are entering the profit booking zone, and from May 8^th onwards, the divergence indicator would give the best results. In the coming week markets will give enough opportunity to book profits, and even look for short-sell positions. Venus 60 Jupiter will give excellent positive results. Negative week ahead.

 

May 02, 2023: Tuesday: Very Good day

Gap up opening is a positive sign, and if markets give a negative close, then it would be considered a very positive signal. The Pharma sector would be in the limelight. Technology sector Buying will be very rewarding. STBT is highly recommended.

May 03, 2023: Wednesday: Auspicious Day

Investment is highly recommended. Delay investment, unless the stock is negative, do not be an aggressive buyer.

Oil refineries will be in the limelight. IT and Textile would see strong hand buying.

May 04, 2023: Thursday: Volatile Day

The gap plays an important role, as Nakshatra Chitra is known for excellent gaps. Consolidation breakout on any side needs to be traded in the same direction. A negative close will not surprise us.

May 05, 2023: Friday: Bad Day

A gap down opening is expected. After opening further fall cannot be ruled out. SELL and buy strategy would give better rewards.

 

  

 

Futurologist.