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