StockZodiac
Reservoir
of Wisdom
Markets expectedly moved and corrected in the last two
days, and interestingly large cap corrected while mid and small cap gained. Emerging
markets evolve very fast, and the Indian markets are at a very inflection point,
shift of youth to direct equity as well as ETF, would give a spike in
volatility and activity, liquidity in the markets.
Technical – Market breadth is improving, and the
participation is happening in quality or comparatively better-managed companies, as always there would be cases of manipulation, but the infamous
pump-n-dump category is slowly reducing in number and would form a small group
of people. This is a very good technical indicator, that is quality stocks are
moving upward. At the current levels Nifty would feel the heat and continue to
witness bouts of selling and profit booking pressure, most of the stocks are
slightly stretched on the short-term indicators. A corrective move should not
be a surprise, as Nifty needed to consolidate and improve strength at
the bottom. As we mentioned markets are bullish and small n big corrections
will be much more than usual. Managing position is the key in an up-trending
market.
The sector that technically looks strong are Power and select PSU stocks. While Many
companies have reached strong profit booking levels.
TimeMap
– Nifty shows weakness and volatility would get compressed, and Nifty's next 50 shows positive movement. Banking stocks are likely to give a big negative
move in the coming week, and IT is coming very positive. NBFC coming positive and
select metals are bullish. Looks like markets are looking at the mid and small-cap sectors more than the frontlines. CEMENT sector and 2-wheeler stocks show special positive movement. AXIS, SBI, and LT coming specifically negatives in the
TimeMap.
July 31,
2023: Monday: Bad Day
A higher opening would be a positive sign, flat to negative opening would be considered as
negative for the markets. Markets most likely will give negative closing from
the opening levels.
August
01, 2023: Tuesday: Bad Day
Aspect
of Jupiter 120 Mercury is bad for the markets, NBFC & Brokerage stocks will
attract strong hand buying. While banking engineering stocks might attract sell-off.
August
02, 2023: Wednesday: Auspicious Day
News-based or Khabri calls would give profit, and position trades in the metal stocks
and high beta stocks can be initiated. One of the best days to take big bets
with options and make tons of it.
August
03, 2023: Thursday: Auspicious Day
Add
more to earlier positions. High beta stocks will give a nice breakout. Metal and
Power sectors can give the best trading ideas. STBT is highly recommended.
August
04, 2023: Friday: Bearish Day
On a deceptive day, a higher opening will be considered the best signal for selling shorts. Post
lunch get aggressive with shorts positions. The divergence sell signal will give the best results in the next 10 days.
Futurologist
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