September 25, 2023 to September 29.

 StockZodiac

Reservoir of Wisdom

 

We missed last week write up, but we were anticipating topping out pattern in many individual stocks along with Nifty as well, Banks triggered the most negativity being heavy weight on Nifty, obviously after probably 6 months we are witnessing such a big weekly negative close. Probably many stocks have confirmed a proper corrective trend, which means further decline in coming few days. PSU stocks would continue to do well, the biggest news of the week was re-rating on Bonds, that will attract huge foreign inflows.

 

Technical of the markets, we are likely to witness further correction and it can last for another 45 days easily, confirmation has been given on the short term 8-month cycle, that it would take 45 to 60 days minimum to cross the recent high. Further correction of 19450 seems would be best for the markets, 19100-18900 zone would make it even more strong for the follow up rise, as of now strategy would be reduce exposure on pull backs and be prepared for the sub 19300 levels – to invest aggressively. Oversold / bought reversal and divergence indicators on Monday close would be best for the week, long or short basket trades.

 

TimeMap is slightly negative even in the coming week or favours the sellers and it is important to note, downside risk is 19400, 19100 the upside is getting better, so do look for the position buy during the week. Jupiter 120 Mercury will give big movement in Insurance companies, metal companies will be in the limelight. Monday positive close would be best for the bulls, and negative would make it more bearish and better for the sellers, as similar direction through the week will give best results. On 29^th Venus 90 Uranus is bad for the markets. ASIAN P, HINDLEVER, ITC comping positive, Maruti & Bharti will be the surprise buy trades. During the week Wednesday and Thursday showing positive movement.

 

September 25, 2023: Monday: Bad day bearish sentient

The sentiment would be positive in the opening but after some time investors and traders will see mounting MTM, which will trigger panic sell off in the markets.  

September 26, 2023: Tuesday: Auspicious day

Buying and investment is highly recommended in FMCG counters, blue chip MNC will be best for the long-term investment.

September 27, 2023: Wednesday: Bullish Day

Gap up opening is expected, buy, and sell for the day is best and one can even go BTST as well. Contrarian investment is highly recommended.

September 28, 2023: Thursday: Bullish Day

Selective stocks would give strong upward movement to nifty, FMCG all stocks coming positive. Direction of the opening would give clarity, and intraday movement would be dull and choppy. STBT is indicated.

September 29, 2023: Friday: Bearish Day

Markets should decline fast. Negative from global markets could hurt badly, Negative opening means further selling is recommended. Big decline cannot be ruled out, STBT for Monday recommended.

 

Futurologist

 

 

 

 StockZodiac

Reservoir of Wisdom

 

Markets never surprise. The perception of the participant gives the surprise. After sideways dullest corrective mode, sudden aggression in the investment flows has taken indices back to near the all-time high, Will it cross the earlier peak and close above 20000, the possibility is very bright. In the last week once again power sector, PSU stocks hogged the limelight, while silently many counters witnessed inflows, showed signs of bottoming out, and confirmed the uptrend, indicating that in the coming 3 months lot of money can be made.

 

Technical –Nifty gave an all-time high close at 19979, It looks nearby but such pointed tops are the most difficult to cross, probability is equal. The crossing will trigger major short covering which can easily take Nifty to 20250 levels. As mentioned in last week's close above 19710, a fresh wave of the bull rally cannot be ruled out. This is not the best phase to create new positions, as broad market sentiment will affect individual stocks in the short term, while each is on its own, yet momentarily the bear wave hits all. As mentioned in the last week, the bulls have the trending edge, but the risk-reward is not in favor.

 

TimeMap – Solar Week gave a nice movement, and many stocks gave reversal and momentum triggers as well, looks like the next 30 days would be best to make money, and for that simply go with the trend or simply avoid position contrarian trades. Volatility would increase and market breadth would decrease action would get restricted to very selective stocks. In the coming week, there are no major planet aspects, so the impact of Tithi and Nakshatra will be clearly measurable. Broadly looks like a very positive directional week ahead. Bank Index, FMCG, and consumption seem to be the week's theme. SBI will be in the limelight along with the subsidiaries.

 

September 11, 2023: Monday: Auspicious day

Positive opening and further rise is expected, those who wish to book profits should wait and look for momentum and then exit. Positive close and BTST are highly recommended in stocks giving negative close today.

September 12, 2023: Tuesday: High Volatility Risk Day

Exit the BTST in the first 30 Minutes, and keep strict stops for the positions, External news would hit the market sentiment around lunchtime, and sudden drops and big negative spikes cannot be ruled out.

September 13, 2023: Wednesday: Good to short.

A negative opening is a positive indication, in the first half selling may continue, look for an intraday reversal after lunchtime. In reversal Cement, Automobile and Real estate would be best. No new positions, just trading is recommended during the week. Divergence indicators would give the best next 21 days of trade, and a lot of money can be made. BTST

September 14, 2023: Thursday: Bad Day

Higher opening and further rise in price are expected, momentum would continue as follow-up buying and the short covering is expected. A positive close is indicated, IT stocks will get the best positive results.

September 15, 2023: Friday: Bad Day

Gap down is an opportunity to buy, and continue to ride the wave.

 

Futurologist

 

TimeMap of week ahead.

 StockZodiac

Reservoir of Wisdom

 

Last week, after hitting a new low markets recovered and closed in positive territory, Shrinking volatility was the key point in the week, and notable sentiment improvement was seen towards the Chemical stocks, almost all recovered and closed in a big positive territory. Banking is witnessing selling and NBFC once again hogging the limelight.

 

Technical – The nifty movement during the week was very choppy in a very tight range, just 225.25 points in 5 trading sessions, which could be one of the lowest. Historical data shows, that compression or a tight range of price movement gets followed by a directional breakout or trended move, depending on the positions and safety hooks, the move gets extended due to a cascading effect. The breaking point for the long positions is 18970, trading below this will confirm the loss of strength and momentum in the markets and more probability that markets would decline further to the 18300 zone. Selling on the rise should be clearly followed, and holding cash to add or average would be a wise positioning, On the upside 19675 would be the first RED FLAG for the short sellers, above 19720, smart and fast decision makers can even take momentum positions. Charts are favoring bullish traders.

TimeMap – past few days the volatility has been compressed, which is showing signs of a directional breakout that cannot be ruled out, and now we are close to 3^rd Solar date of the year 2023, which is 4^th to 11^th September, and probably we will see the 4 to 6% directional movement can be expected by 15^th of October. Interestingly Post 15^th September sector or a particular group may come under hammering once again, as per TimeMap – a specific sector or group will get hammered maximum, and in case one holds and participates after a confirmation signal after 12^th September one can make the best Low Risk High Reward trades in the current month, and most profitable month as well.

The weekly position is a positive close, getting out of the trapped position is the key.  

 

September 04, 2023: Monday: Bullish Volatile

Gap up opening should not be a surprise. Selling after Lunch is highly recommended. An auspicious day to book profits in the long positions. Real estate and textile stocks would be in the limelight. STBT is indicated. Mercury 120 Jupiter slightly negative reduce trading positions, high beta stocks should be shorted.

September 05, 2023: Tuesday: Bearish

Gap down opening is the confirmation of the further fall. Day traders can sell on the rise and every weakness should be targeted for action. The sell and Buy strategy will work best, using divergence indicators.

September 06, 2023: Wednesday: Good day

A flat or nominal positive opening is expected, low volumes and action in only metal and construction space should be surprising, the last sector is power distribution companies will hog the limelight. Mercury 0 Sun is an important aspect and can give big movement. Steel and metal could be the best in the coming few weeks.

September 07, 2023: Thursday: Auspicious Day

Buying in select counters in big quantities is highly recommended, and concentrated positions are recommended. Best day of the week to take long positions, and even leveraged positions trades. The first 1 hour’s markets will clarify which direction it wants to close. One of the Best Weeks of the year to BUILD 2 2-month option trade. High-end technology companies would do extremely well.

September 08, 2023: Friday: Volatile Day

Weekly confirmation signals on the charts would give trades that can give 20% in 45 to 60 Days. Sun 120 Jupiter's big, trended move in the very big or large cap is expected, multi-bagger in the large-cap is not trusted, but best time of the year.

Momentum breakout hourly will give the best trading stocks, and expensive brands will become more expensive.

Futurologist