StockZodiac
Reservoir
of Wisdom
The week turned out volatile but in a tight range, 4th
to 10th is the Solar Zone, we saw spike up and down in last 2 days. Interestingly,
bearish, and bullish minds have enough research to back up their actions. Market
breadth was very strong and small, and midcaps were on fire, Nifty 500 has
beaten the best large cap performers. Broadly week went by as expected and for
sure, coming few days would be more interesting.
Technical - We are going to see some fireworks in the coming
few days, 5% to 7% directional movement is expected in the month of May,
ideally One more positive spike should get followed by steep fall. A quick
17700 would be good for the markets, or else decisive crossing of 18300 with
volumes is needed. Few days back we mentioned above 20000 is confirmed, and our
view is more confirmed and cemented in the past 15 days,
TimeMap – Solar Week has begun, 2 days into it and the potential
breakout is a few ticks aways. Sell in May and Go away would work this time as
well, the recovery would be much earlier and quick. In the coming week Tuesday is
going to be very crucial day, Uranus 0 Sun is going to hurt big companies or
the sector leaders. Technical big breakout is maximum possibility of Tuesday. Data
from ZodiacAnalyst is very negative and a panic sell off in the coming week
cannot be ruled out. Confirmation is Monday positive close.
Next week is going to be very interesting rather till end of
the month.
May 08, 2023: Monday: Bad Day
The trend is up, and markets gave a nice negative closing on Friday,
and Monday higher opening would be a perfect technical opening. In case of
positive close STBT is highly recommended. Automobile and Insurance sector
would do well, and also the speciality chemical stocks.
May 09, 2023: Tuesday: Auspicious Day
Tithi is 4 and Tuesday, the combination has been bearish and extremely
deceptive on the charts. The aspect of the day is strong and capable to create momentum
in the market. Overnight position in the same direction of the close.
Cement and select Auto stocks would be in positive limelight
for the day.
May 10, 2023: Wednesday: Good day
Gap down should be used as indication for using contrarian
signals. Mean reversal indicators could give best intraday profitable trades. BTST
is highly recommended.
May 11, 2023: Thursday: Volatile Day
Flat opening followed by declining deceptive movement is
expected, and the best is divergence indicator, it can turnout money spinner
today. Post lunch markets will become vibrant due to sudden volume spike. We are
expecting recovery from the lows and markets would give a positive close. BTST
is recommended.
May 12, 2023: Friday: Bullish Day
Higher opening is expected. Markets are likely to remain very
choppy today, extremely tight intraday movement is expected, and making money
would be difficult. FMCG and MNC companies would attract lot of investment
flow. PSU banks, PSU stocks and energy sector would witness selling pressure.
Futurologist.
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