StockZodiac
Reservoir
of Wisdom
The signs of topping out on the daily charts are visibly
clear, and one should wait for a quick corrective movement in the coming few
days. On Friday hit low of 18060, and could not break 18042 on the daily
charts, in the 2nd half markets gave a recovery move and closed in
the positive, making it clearer that Monday gap down opening should not
surprise the traders. Pressure is observed, and a quick correction up to 17850-17650
would make it very strong, and putting new high of 20k plus would become easy.
Technical – Banking sector along with NBFC is showing
strong recovery and confident bullish positions are getting built. Pharma and
Technology is still weak, while FMCG, INFRA and Retail /Consumer stocks are
looking fantastic on fundamentals as well as technical, Finally Auto and Defence
looking good on charts, and further upside seems easily possible as the charts.
TimeMap – We have reached a very high-risk zone, various
data points suggesting wide movement in the coming few days cannot be ruled
out. Time map is just like google maps, and the way google map throws the
estimated time of travel, Time Map gives insight to probable direction of the
move, and that is why we were clear from March 31st onwards markets
will see big up move, and accordingly we were fully invested. TimeMap also can
give you stock ideas, and sector more specifically with 4 to 8 months forecast.
Currently we are expecting FMCG and Tourisms.
TimeMap
is quick tool that allows fund manager to peep into the future and increase the
probability, by a small percentage, and it also reduces the anxiety significantly
there by improving the performance. So, during April we were invested more than
94% and in some accounts above 98%. In the last week we reduced exposure from
99 to 95 Avg, and probably would bring it down to 92% upon confirmation. Up
coming weeks will witness alternate bouts of buying and selling.
May 22,
2023: Monday: Auspicious Day
Opening
is very important – we are expecting wide directional move in many stocks. Moon
in Mrugga gives nice, trended move in high beta private banks, and OIL
refineries also tend to do well. Ideally Lower opening would confirm high volatility,
in case of negative closing, which is a high probability, BTST is highly
recommended with 72 hours life.
May
23, 2023: Tuesday: Bullish till 12.
Higher
opening and quick rise should be used for selling and profit booking, and on
further rise hunt for the short sell trades, lot of money can be made by STBT
trades.
May
24, 2023: Wednesday: Auspicious day
Turn
around stories, stocks hammered to all time low, and where investors have lost
hope such stocks would see selective strong hand – insider buying, As always
under Kruttika – divergence indicator gives the best results, look for buy side
trades.
May
25, 2023: Thursday: Auspicious day,
bullish trades
Finest
day to take speculative leveraged positions. Long term position ideas, 8 months
to 30 months highly recommended. Slow and steady rising trend from the opening
session cannot be ruled out. BTST in Metals and Real estate, along with strong
hand counters.
May
26, 2023: Friday: Volatile day
Tithi
and Nakshatra would give directional move, a wonderful day for pair trades, but
bias is towards the shorts, and any failure pattern one can make huge money
today.
Futurologist
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