StockZodiac
Reservoir
of Wisdom
Market sentiment is very positive, and now it is entering
a euphoric state. Retail investors' confidence is at an all-time high, margin
funding is at an all-time high, market breadth has significantly improved, and
small-cap and mid-caps have just entered a monthly bullish phase. High volatility
would give excellent investment opportunities in the coming months and years. As
an investor looking for opportunity is the right way, and reducing exposure
when price movement becomes wide, and aggressively when prices & volatility
in a stocks is compressed.
The
automobile sector has picked up strong momentum, followed by turnaround signals
in the technology space. PSU companies looking better with high dividend yields
look wonderful substitutes for gold.
Technical - Last week after 4 days of the positive move,
Friday gave a negative close below the previous 3 days' close, there is a
visibly clear small reversal pattern formed on the daily charts, though it is
yet to give confirmation of the reversal observation. For the past 1 year, we
were saying whenever markets fall or give panic sell movement keep increasing
equity allocation.
Remember in a bullish trend there would be more corrective
falls, and weak restless traders who keep losing money - which is 97% of
traders who keep booking losses are feeding those who are holding longs. When
you are seeing a chart of Nifty – do not look at any other chart, the Nifty
chart will give you all the info available or potential threats keep getting
discounted.
If
the exit signal from the nifty spot is breached at 18630, one can cut their
exposure to companies that have entered new high territory by 30%. The
ideal shorts would be those equities that, during the advance of the Nifty
18050 to June 19 18880, have not risen 50% from the low of May 19 to their
prior high.
TimeMap
– July has been a favourable month for the
Bulls. Historically, it has given strong rallies and turnaround stories have
best got triggered during this season or months. The TimeMap of the current
week is very positive, and Index heavy Reliance, HDFC bank, and banking sector
stocks are coming very positive. There is no Major planet aspect to mention
about. On a weekly view broadly first 2 days of the week are auspicious to
invest and rest 3 days are best for selling or booking profits. Monday in case panic
selling is seen in a few stocks, one of them would turn out as the most
wonderful reversal trade. July 10, 2023: Monday: Auspicious day
To
invest in technology & Media sector stocks, retail stocks. Intraday traders
can sell and Buy – while position trader should wait for panic and only then
buy. STBT is recommended.
July
11, 2023: Tuesday: Auspicious day
Tithi
Navami is best to look for sell on rise, or look for hourly reversal, and get aggressively
once the downward move begins. BTST is highly recommended.
July
12, 2023: Wednesday: Bullish day
Tithi
and Nakshatra giving bullish indication, day traders buy and sell strategy
recommended. Profit booking is indicated.
July
13, 2023: Thursday: Selling short recommended.
Divergence
indicator would give best results, and short sell recommended.
July
14, 2023: Friday: Sell Day
Bullish
close is expected. Buying Index heavy stocks recommended.
Futurologist
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