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
No comments:
Post a Comment