TimeMap July 24 to 29

 StockZodiac

Reservoir of Wisdom

 

Last week Nifty almost came close to cross magic 20000 level, and everyone was getting nervous and eager to see it on screen, but it did not happen. After 4 days of positive close on Friday gap down opening gave first signal that short term reversal would begin, and day fall confirmed it. We are expecting markets to give further corrective movement after bouts of rise and fall, as at small declines retail participation will increase and they will keep adding on every small dip.

 

Technical – Short term indicator, and medium-term level, Nifty has reached a profit booking and even exposure reduction level. It has not given any signal of short selling as of now, the risk reward to hold long position is not at all favourable, so obviously it is logical to trim the positions. SELL trigger on short term will trigger at 19300 and it may take a 5 to 8 trading days, after sell trigger there would be one strong bounce, and only then position shorts will trigger. It takes time for a proper trade set up to get developed on charts, and enough time needs to be given before trade is entered in to. On the upside 20100 is major target for the longs, and it is still in force.

 

TimeMap – Broadly positive – SUN position in Nakshatra Pushya is best for investing or creating a long-term portfolio, with view of 4 to 10 years. Week ahead seem positive, so while Monday we may see negative next 3 days there would be much more positive movement. Venus 0 Mercury is showing little more negative bias towards PSU sector and especially the banks. Mercury 120 Rahu is showing positive movement Pharma sector will see positive flows.

 

July 24, 2023: Monday: Positive day

Opening could be negative, but by the end of the most likely markets would give a positive close. Negative opening is a sign that bulls are confident and will come in the markets. Bullish trade recommended. BTST is highly recommended.

July 25, 2023: Tuesday: Volatile

Higher opening and pocket of small rise are expected. High beta counters, especially private banks will do extremely well, big volatility is expected. BTST on Oil N GAS companies recommended.

July 26, 2023: Wednesday: Very Auspicious day

While sentiment in the markets would be positive, we recommend reducing and even look for small 3 to 5 days of short position in select counters. In case Sell signal gets triggered today execute tomorrow.

July 27, 2023: Thursday: Bad Day

In case Markets open in positive trade, look for a short sell trades and carry till next week Tuesday, do expect volatility in the opening session and many stocks would trigger buy signals, delayed participation in long would save many. STBT is recommended square up before 13.00 hours tomorrow.

July 28, 2023: Friday: Good day

Lower opening would confirm price correction ahead. BTST towards end of the day recommended.

 

Futurologist