StockZodiac
Reservoir
of Wisdom
Last week while Nifty
closed in nominal positive, there seems to be a balanced demand/supply at the
current zone, and company fundamental catch up will get discounted. A significant
amount of business conviction and the fundamental clarity is needed for a trended
movement of the business valuations, which sinks in stock prices much later and
technical set ups start processing the business wisdom. Anyway, markets are
getting broader and stronger, better than expected numbers from many sectors
and technology has finally started to show improvement in the bottom-line of
the companies.
Technical – A minor volatility should get followed by further upward movement,
first target of the Nifty is 18930 to 19100, which is already confirmed and
should happen by max July 2nd week.
Investment is highly
recommended during corrective movements from 17750 to 17300 zone, while
opportunities would be limited. Aggression would be required during corrective
phases.
TimeMap – Sun in Rohini 4th Navmaunsh – is more determined, and
willing to take calculated risk, and from 9th Sun will enter Nakshatra
Mrugga which will give directional breakout in many stocks and sectors. As far
as current week is concerned Nifty is showing very positive movement,
especially Technology stocks looking very positive HERO, IOC, ONGC, INFY, RELIANCE
& MARUTI coming positive as per ZodiacAnalyst data. Infra stocks especially
Cement is likely to give some strong signals.
June 5, 2023: Monday:
Bad Day
Tithi 2 will have
maximum influence. Positive closing is expected. Buy and Sell strategy in Index
stocks is highly recommended. BTST is highly recommended.
June 6, 2023: Tuesday:
Good till 2.
Higher opening would be
normal, we recommend profit booking and reducing leveraged exposure. Selling
and even taking short position is also recommended. STBT is recommended.
June 7, 2023: Wednesday:
Auspicious Day
We are expecting
volatility in the opening session, and after few stocks going up or hogging the
limelight, aggressive profit booking from funds, ETFs, and insurance companies –
a good probability markets most likely to turn negative. Big fall in select
stocks is a good possibility. Technology will witness heavy offloading and
select banks as well.
June 8, 2023: Thursday:
Positive Day
Higher opening is
expected, buy, and sell strategy for the day would be rewarding. Banks
&NBFC stocks likely to hog limelight.
June 09, 2023: Friday:
Bad day
Market neutral
strategies highly recommended, participation of traders would be at peak. While
volatility would be peak, and lot of money would be made by the smart traders.
Best day of the week to make intraday profits.
Futurologist
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