StockZodiac
Reservoir
of Wisdom
Thank you to everyone
who tried to write watsapp message or via email to give us feedback; it helped
us to understand the requirements & the needs of the masses. We would keep
writing about the time cycle & time map.
About the previous week, there was no surprise; after a steep fall, the daily charts
gave a clear signal of a bounce back, and it was a no-brainer: anybody with
basic knowledge of technical analysis easily would have gotten it. Markets
showed enough signs of a bounce. We will move forward to describe the following
week's technical.
Technical - from Nifty making a low of 18837 has bounced to close at 19230, with a high
of 19276, with the global positive sentiment probability being very high that we may see a higher opening on Monday. A cluster of trapped investors in a19400 to 19550 will act as a resistance zone. The changing business environment and global influences would need the realignment & rebalancing of the portfolios, which adds to the volatility. We recommend reducing the discomforting holdings(stocks) and moving to more stable and growth-oriented companies. From a trading perspective, look for sell trades and be aggressive with Nifty shorts; ascertain the stops from the charts. As we mentioned last week, breaking 19050 of the nifty would open the 18400 to 18150 target, which
will remain valid till December 21st on the time cycle, and the price cycle, a
cross of Nifty level19700 would close the new targets.
TimeMap - From 7th November, the Sun will transit Nakshatra Vishakha, known for
being purposeful, goal-oriented, and very competitive; on the other dark side,
being over-ambitious and envious. In the stock markets, being specific works
the best; having concentrated positions gives the best results. Momentum
indicators provide the best results.
The weekly map is slightly positive and favours bullish traders and investors. The
aspect of Pluto 120 Venus would help the Indian government to gain from the
global unrest & changing equations, more so the PSU sector stocks would
attract huge investments, and banking could be the best sector to watch in the
coming few weeks. MIDCAP stocks would attract inflows from deep-pocket
investors, and PSU banks and natural resource companies would be the preferred
investments. The Oil refineries are showing bullish 13 days ahead.
Monday and Wednesday seem more volatile, and the shakeout days for the traders and the
rest of the weekdays would be slightly better for Buy and SELL strategies.
Friday's weekly close would be higher than Monday's close.
November 06, 2023: Monday: Volatile Good to Sell day, a good day for the sellers.
Tithi and the Nakshatra combination is best for the short-sell trade but participate
after 12.30. The metal sector would hog the limelight along with mining
companies. Momentum breakout and stocks trading above 4% would rise further.
Aggressive participation and fast decisions would help to get the best output
today. BTST is recommended in AUto and Cement.
November 07, 2023: Tuesday: Bad day
A corrective dull beginning would confirm a choppy day, and significant action
would get over in the opening or first half of the day. Mercury 120 Neptune,
Drone & communication technology companies would receive maximum inflows,
and another sector is Steel and metal stocks. STBT recommended.
November 08, 2023: Wednesday: Bad Day
A slight bearish sentiment would prevail in the markets. Day trader's Sell and
Buy strategy would be more rewarding. The divergence signal formed on Monday
would give the best results today. If markets decline gradually to a negative
closing today, then BTST is recommended.
November 09, 2023: Thursday: Bullish day
A very confused and indecisive trading pattern might be observed in the pre-lunch
session or till 11.30 in the morning session. Participation from the seasoned
players would begin around lunchtime, and some stocks would see directional
trended movement; using short-term oscillators for the reversal can be the best
bet of the day, and a positive nifty close should not be a surprise. Banks
might give the best surprise today.
November 10, 2023: Friday: Volatile day
Nakshatra Hasta rewards patience. Investors and traders who show patience before entering
a trade, stick to their terms, and do not respond to market temptations will be
the ultimate winners. Bullish movement in the opening and a slow, gradual
decline in many counters would mean some big investors are getting out of the
stocks.
Futurologist
