TimeMap August 28th to September 1

 StockZodiac

Reservoir of Wisdom

 

In the last week markets moved 19320 to 19585 as expected 250 points directional move, and selling began, banking is weak, technology is getting better. Construction and defence will continue to do well.

Markets are getting weak, further fall seems eminent, without much simply reducing exposure seems best bet, on every decline further selling would get triggered.

Technical – As mentioned selling on rise is best strategy, contracting volatility gradual loss of momentum, and lastly RSI is lowest in past few weeks. While Market breadth has improved, quality factor in the rising companies has also improved, thanks to strict vigilance and technology, unlike earlier days circular trading, and price manipulation has significantly come down, even putting fudged number in the balance sheet is not easy, as to show sales GST must be paid, for purchase invoices GST is to be paid by the seller.

The daily chart became sell when 19303 got breached on 3^rd august, as expected bounce came, 2^nd low was formed on 14^th august and what followed was as expected 250 points rally and new downside target is opened and that is 18600 and 18300.

TimeMap – Interestingly after reaching profit booking zone, and giving confirmation on the weekly chart, we are nearing Solar Cycle date of September. May 2023, Solar date gave buying signal, and it got clearly confirmed on May 26^th, 2023. Now we are seeing weakness and SOLAR date of September is nearing.

Total 6 planets in retrograde motion means, surely will have strong force on earth. Rethinking of strategy, more logical approach, safe and more protective move brings corrective phase in the markets, which can last from weeks to months. Planet position is clearly suggested MEGA bull rally is brewing, but it takes time and consolidation, already first indication has been triggered now a deep correction and then sideways accumulation would give 2^nd opportunity to invest.

Alternate energy, natural resources and Technology stocks would do extremely well in the coming few weeks and month. Our view on Crude OIL is very bullish from 2-year perspective. Interest rates likely to remain stable or reduce, USD upside is capped at 84.50 to 78 range will remain stable for next decade.

Banking sector showing weakness. Nifty is most likely posting a positive week.

August 28, 2023: Monday: Auspicious Day

Minor positive opening will get followed by aggressive buying from the day traders, we have mentioned spike rise should be used to reduce the exposure. In case of lower close BTST is recommended.

August 29, 2023: Tuesday: Volatile good day

Tithi is deceptive and good for the momentum breakout signals, delayed participation is recommended, as 1 or 2 false signals get generated before the move begins. BTST is strongly recommended.

August 30, 2023: Wednesday: Bullish

Higher opening and rising price movement is expected. FMCG sector will give a nice positive surprise.

BTST is indicated.

August 31, 2023: Thursday: Bullish Day

Day traders Buy and Sell strategy will give nice positive results, while position traders should reduce positions on the rise. Selective shorts can be created, auspicious day create shorts. Post lunch panic selling cannot be ruled out. STBT is recommended.

September 01, 2023: Friday: Auspicious Day Bearish

There are positive auspicious days, and there are specific auspicious days which give big decline, today expecting big decline in few stocks, and Banks can witness selling pressure, and also technology some stocks would see heavy sell off.

Futurologist

TimeMap August 7 to 11

 StockZodiac

Reservoir of Wisdom

 

 In the last week market moved the way expected, with a minor positive spike on the first 2 days, followed by a big fall on back-to-back auspicious days, while last day we expected bearish sentiment after initial volatility markets closed in the positive. Technology and Banking opposing movement was nicely got captured, Pharma and power positive, while PSU all the companies witnessed big correction. Broadly speaking a very positive move.

 

Technical – The corrective movement was expected, on the weekly charts we reached the profit booking zone, for the past 2 weeks, and obviously positive sentiment keeps markets vibrant, noticed since structurally India Story is getting re-rated after large-cap, midcap, and small-cap stocks getting attention and not operator driven but also due to quality improvement. The nifty 50 index has reached the profit booking zone, Nifty next 50, and the Midcap has reached the halfway mark, so still a lot of scope to rise, obvious the influencer will slow down the rise in mid & small cap stocks, but still lot of value buying is available.

Nifty 50 has confirmed 18850 should come before September 21, and extending to 18230 is also possible.

On the upside, since Daily minor reversal is indicated, a bullish 350 points rise is easily possible.

 

TimeMap – Technical charts show the activity of all the participants, maximum volume and percentage delivery give insight into how much traders contribute, and 98% of traders lose money with this confirmed data, how to use technical charts and avoid mistakes of the 98% is the key. Along with Price, there is a need to add TIME, as the price of a stock gets manipulated or influenced by the strong hands, while TIME cannot be manipulated or influenced, so using TIME in price action charts make it sounder and more robust.

The market is volatile because of the various emotional factors in decisions and actions, such as Need & Greed, Cheer & Fear, Conviction & Doubts, Beliefs & Disbeliefs, Excitement & Gloominess, Honest & Dishonest,

Skepticism & optimism, so a technical analyst needs to understand the source of the emotion that affected the price movement by looking at the candle. Filtering information is the key, not doing what 98% of losers do will also add profits to your positions. More than 85 to 90% of stock exchange activity is reactive in nature, and 10 to 15% is a proactive strategy. The skill of the trader is to avoid 85 to 90% & be with the 10 to 15% group, a good technical analyst is to learn to deduce 10 to 15% information from the chart.

TimeMap or Time is the best & only useful filter for deducing the price action data, By applying time of price action data, it is easy to filter good and bad, practically traders can earn 25 to 30% more, by reducing trades, and drawing downs.

 

The coming week, Monday close to Friday close would be positive, Banks will be the best sector to show a lot of positivity from the Timemap, and some banks, and financial stocks would jump big in the coming week.

In the range, negative -0.75 and positive 2.5% on Nifty is indicated.

 

August 7, 2023: Monday: Good after 17.

It is a good day to initiate swing trade in Technology sector stocks and any high beta large-cap stock. Especially one giving breakout or near trend reversal in an oversold zone. BTST suggested.

August 8, 2023: Tuesday: Bullish Day

A higher opening is expected, but a quick rise cannot be ruled out, especially in the banking and FMCG space. The surprise could be real estate and textile stocks. Positive closing is expected. Towards the end of the day, do look for divergence indicators and look for sell trades as STBT.

 

 August 9, 2023: Wednesday: Bad day

As the name of the Nakshatra – day to do introspection, analysis of the existing positions, and take firm action, divergence indicators will give the best signals of trade and obviously sell trades better. NAVAMI will ensure a panic sell-off in a few counters, look for the results. STBT recommended.

August 10, 2023: Thursday: Positive day

The strength of the day is comparatively low, and it would be more stock specific. Slow and steady wins the race, stock in positive trend with low beta best for the day. Pharma and Select construction companies will do extremely well.

August 11, 2023: Friday: Volatile day

Tithi is bearish, and Nakshatra is the most violent, which means momentum breakout either up or down would give the best results, use indicators accordingly.

 Futurologist