Stockology: Markets experiencing extended bull markets: What are the future prospects?

 Stockology: Markets experiencing extended bull markets: What are the future prospects?

Stockology: Markets experiencing extended bull markets: What are the future prospects?

Compulsive purchasing and short covering are driving up the market. The major Nifty goal is 22,100–22,420, and ZodiacAnalyst suggests booking profits gradually.

More than 45% of index stocks show good indicators in our Rashi analyzer while the Sun is in Moola Nakshatra, traditionally indicating bullish market moves.

Mahesh Gowande, a futurologist, writes a weekly piece called Stockology. ZodiacAnalyst was created by Ayan Analytics, of which he is the creator and director. It is research software that can only be utilized with technical help and includes time and price graphing features.

The Nifty finished at 21,456.65, up 487.25 points in a week, a move that surprised even experienced market participants. The initial profit booking level should be set at the Nifty level of 21,275, as our prior article said. However, we did not anticipate such a huge surge in such a short amount of time. The daily and weekly technical charts' first gaps will close sooner than most people think. The IT sector had another bull run, PSU businesses kept rising, and most of all, private banks verified the turnaround.

Our bullish outlook is shown by the 'PriceBridge Upswing' multi-cap equities portfolio, which held over 96% of its value as of December 15, 2023. We took calculated risks all day long by taking partial gains. For portfolio investors, this strategy of registering profits in conjunction with keeping cash reserves for future possibilities is crucial.

Technicals: Investor wealth is expected to be generated by the Indian equities market, which is now experiencing a prolonged bullish period. The forecast for the market now is consistent with the patterns seen between 2004 and 2007, especially with regard to the small and midcap sectors. Investors that stayed engaged and carefully handled their investments throughout that time received substantial rewards. It is preferable to see instances of panic selling and volatility as openings to join the market.

Compulsive purchasing and short covering are driving up the market. The general objective of the Nifty is 22,100–22,420, and we advise cautiously booking profits. The trade should be split into long positions when the risk-reward ratio is in favor of bear operators. The closest stop on the daily chart is located at 20,750. Investors that like momentum stick with their long holdings and utilize 21,065 as the closest stop exit as there are no indications of a reversal. Reduced long positions and systemic stops are recommended for traders. The improvement will occur more quickly the quicker the expansion.

Timemap: With the Sun in Moola Nakshatra, our zodiac analyzer shows good signals for over 45% of index equities, traditionally indicating bullish market moves. While the Nifty's breaching of the 21,000 mark was not shocking, we were taken aback by its timing, since we had first predicted that this breakthrough would occur between December 17 and December 30. Although ZodiacAnalyst is still biased positive, its efficiency has decreased, indicating that traders who are bullish are no longer drawn to the risk-reward ratio.

As we've seen, money destruction is prevented when Venus is positioned in its own or a related astrological house. Additionally, the healing process usually happens more quickly if any unfavorable financial occurrences take place during this time.

On December 25, Venus, the principal builder of money development, will enter the difficult Scorpion astrological house, which is governed by Mars. It is interesting that Venus, the protector of money (Lakshmi), will be transiting Scorpio, the eighth sign of the zodiac and the house of transition or ending (end). This shift occurs at the start of week eight, after seven weeks of nonstop ascent. The convergence of the number eight indicates yet another cause for concern and a drastic adjustment.

This is just a heads-up to not push things too far; we don't want to incite panic or dread. As a PMS fund, we must invest since there are always profitable possibilities, thus we will continue to do so as money comes in. Since the next 30 days will not be simple for trading or building wealth, we advise investing only during corrections and panic sell-offs and avoiding leverage and excessive trading in the hopes of making rapid money.

Key Takeaways for the Week: When the planets Mars, which symbolizes energy, and Jupiter, which represents momentum, are in suitable houses and in favorable situations, the trend-following approach produces the best results.

To be clear, Timemap does not dictate market direction. Rather, it indicates the best moment to capitalize on and evaluate each day's possibilities.

Now let's go to our weekly day-by-day inputs for wholesale, SIP, and certain traders.

18 December 2023: Shattaraka: auspicious day; S.6–15.13 

Opening with a gap is anticipated. The constellation Shattarka suggests that the market has deep pockets and that experienced players are highly active, suggesting that additional block transactions may emerge. The date often provides a nice corrective move against the main trend. The Mercury 120 Jupiter aspect is expected to provide further support for metal equities, particularly for firms in the communications sector. Positive judicial rulings will greatly boost the popularity of big caps. BTST advised. It is advised to make SIP investments in equities, MFs, and ETFs.

December 19, 2023: P. Bhadrapada: Unstable day; S.7–13.07/S.8

It is not impossible that the indexes will start higher. Positive market mood indicates that sales will rise with more involvement from all segments. Since the volatility will provide favorable entry and exit points, traders may remain active. We anticipate a successful outcome today.

December 20, 2023: P. Bhadrapada: Unstable broad movements under S.811.15/S.9.

The index could be headed for a flat to negative start and a gradual rise today. The finest trading chances are presented by both Tithi and Nakshatra, which also have the biggest effects on divergence indicators. These days, traders who do their research correctly, clearly, and methodically will profit. It is advised to use STBT, particularly for equities that exhibit top-out patterns like Hanging Man or Reversal Candle patterns.

Thursday, December 21, 2023: S.9–9.37/S.10: Revathi: Fortunate day

Additionally, it is a lucky day for SIP and long-term investments. Opening with a gap is anticipated, and panic selling is not completely ruled out for today. Because of their great sensitivity, members of this constellation often overreact to even little outside news. It is advisable to proceed with care, stay away from trading in a contrarian manner, and concentrate exclusively on position trades. The focus will be on media and technology companies after 14.30. There's a good chance that certain stocks, particularly retail and branded stocks, may rise in a V-shaped pattern after that. No STBT or BTST is recommended for today.

December 22, 2023: Friday: S.11: Position Trade with Ashwini

Although the constellation is favorable for investing in media and new-age businesses, the date is a little pessimistic. The greatest signs of an oversold reversal are those that result in somewhat delayed participation. The greatest industry for businesses nowadays is technology. BTST advised.