StockZodiac
Reservoir of Wisdom
In the last week or rather in the last 5 or
6 trading sessions sentiment turned slightly negative, and Thursday a confident
expectation of positive close turned bad, and markets gave big negative close,
that damaged many stock charts and sentiment in the market as well. The sell
off in the technology on Thursday, is indicating slightly bad numbers from tech
space cannot be ruled out. Canada – India is going to hurt students and
aspiring migrants in a big way, probably Canadian Sikhs may or probably start hating
other migrant Indians.
Technical – Last day of the week
September 29th the rise happened due to NAV and performance
balancing. On the short-term charts markets are showing strong hands are
accumulating and fund managers are likely to spread their portfolio and
informed & hard-core business minds would start concentrating their
portfolio. Another technical is companies not good with the government could
witness demand notices, breaking them badly, so be careful.
As mentioned, weekly charts are
suggesting profit booking, and corrective mode could continue for some more
time, short term 45 days’ time cycle is showing Bulls are trying their best to
hold the current levels. Though risk reward is in favour of the bears. We
believe it is better to remain on cash or have a buffer of 10 to 25% cash, as
possibly markets could give a nice fall as per weekly charts, 18600 is already
confirmed. Traders can keep doing 3 to 13 days swing trades but keeping it in
mind that weekly is showing correction up to 18600 is must to make the markets
better. Last week high low would act as trend setting point for the markets,
failure would give fabulous results.
TimeMap – Next week Sun in
Nakshatra Hasta, and most important quality that will decide the winner is
patience, those who show patience in the next 10 days would have edge over
others. Being on cash is going to be the game changer in the next 45 days, as
the best opportunities are born from October 15th to November 7th.
From a pure weekly perspective, it looks we are heading for a small rise in the
coming week. Sentiment in the market is likely to be very positive and
optimistic, a nice typical rise from the low is expected. Mercury 120 Pluto
means PSU and very large equity base companies and Steel sector & mining
stocks would give surprise movement in the markets.
Broadly markets would be
positive and end up above last Friday close.
October 3, 2023: Tuesday: Bad
Day
Nakshatra of the Moon gives
best results on contrarian trades, and divergence indicators are the best to
trade, use momentum stocks or high beta stocks, big money can be made by being
aggressive today. BTST recommended.
October 4, 2023: Wednesday: Bad
Day
Delay participation is
recommended, very deceptive and unfortune day for many. Ideally negative
movement in the markets is expected after initial positive sentiment. Steel
sector stocks would pick very well, PSU or defensive stock could give best
results. BTST is recommended.
October 05, 2023: Thursday:
Best day of the week for the bulls.
Positive opening and further
rise in stock prices is expected, and most aggressive would-be power sector
stocks. Broadly Buy and Sell strategy would do extremely well. This week
will mark FMCG revival, and some Pharma stocks would be best to trade for next
2 months.
October 06, 2023: Friday:
Bullish Day
Higher opening and further rise
cannot be ruled out, Buy and Sell would give better intraday profits. Post
11.45 aggressive participation is recommended.
Futurologist
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