Reading the week ahead: What the stars hold for equity markets?

In an up-trending market, a drop of 5 to 7 percent in indices is more natural and should be considered an opportunity. The risk-reward ratio is slightly in favour of the sellers.

Sun entered Nakshatra Vishakha on November 7, and we saw choppy movement in the markets. By broadly considering November 12 as the first day of the week, TimeMap similarity is slightly positive, with more chances of a positive weekly close. We suggest be stock-specific. Since the probability is positive, oversold reversal trades are highly recommended for the current week. Make a few trades and ride the rally.

Multiple planet aspects will add confusion, and more often, investors and traders will remain confused about whether to go long or short, most participants will witness restlessness and excess anxiety.

We suggest go slow, take your time, and participate after confirmation for better results. Your actions will deliver the results tomorrow and thereafter.

What is TimeMap?

Time is the continued sequence of existence and events that occur in an irreversible succession from the past through the present into the future. Time is one of the seven fundamental physical quantities in the International System of Units (SI) and International System of Quantities.

The chaos theory of visible randomness explains inherent repetition, interconnectedness, self-similarity & patterns, self-organisation, and constant feedback loops. The three Cs of markets are complexity, confusion, and contradictions.

Probability and the Birthday Problem — the birthday paradox refers to the counterintuitive fact that only 23 people are needed for that probability to exceed 50 percent.

The above three factors are the fundamental source behind the concept of the "TimeMap investment system".

Also Read: Technical View | Nifty sees range breakout in Muhurat trading, October high possible if holds 19,500

Weekly outlook

A weekly forecast is based on the Indian Calendar or Panchang, and the Indian or Niryan system is based on Tithi and Nakshatra of the moon. Humans respond differently under each Tithi and Nakshatra, which is noted and observed while the data set is slightly less; still, with constant observation, one can use it to improve personal performance.

For markets, further rise of Nifty points attracted selling pressure from the trapped investors and 19,464-19,600 proved to be a challenging zone; if time, price, and future match, then consider aggressive new long positions only above 19,700. The status of the charts is asking for more time correction and a minor price correction.

The Nifty below 18,800 will attract leftover buying support, the money waiting on the sidelines to get invested, and the monthly SIP (systematic investment plan) buying. Present technical charts have confirmed the recent low of the Nifty will get broken, and even testing of 18,400 cannot be ruled out.

We recommend selective buying in mid & small-cap stocks. Do not get upset seeing 18,400 or 18,100; the uptrend is strong. In a rising market, more corrective and fast declines are witnessed. In an up-trending market, a drop of 5 to 7 percent in indices is more natural and should be considered an opportunity. The risk-reward ratio is slightly in favour of the sellers.

November 12, 2023: Sunday: Happy Lakshmi Pujan 

Moon in Nakshatra Swati is good for investment. Moon 0 Mars is considered LaxmiYog, suitable for traders and investors. Individuals having favourable Mars positions can actively participate in the markets and invest for the short term. Being Muhurat Day, we recommend symbolic purchases.

Check out Moneycontrol's special Diwali page for stock ideas and investment advice

November 13, 2023: Monday: Amavsya: Bad Day or Tough Day

While our observation is on Amavsya, many stock prices tend to react positively. The buy and Sell strategy give better chances of profits. Sun & Moon in Vishakha showing very positive for mid and small-cap stocks. Banking stocks might see a sudden inflow of investments, lifting sentiment positively. Buy today, sell tomorrow (BTST) in Metals is recommended.

November 15, 2023: Wednesday: Positive bullish day

Higher openings cannot be ruled out. Metal stocks would be in the limelight. Moon in Jyestha - sector leaders will attract a lot of attention, and a lot of activity will be noticed in private banks and technology leaders. Nakshatra Jyestha is auspicious in initiating the short-sells with a 72-hour to 8-day trade-life. Pointed Top patterns can be the best Indicators for the STBT (sell today, buy tomorrow) trade.

BTST (buy today and sell tomorrow) in automobile and engineering infra space is recommended. Towards the close directional one-side movement would be seen in many stocks.

November 16, 2023: Thursday: Auspicious Volatile day

Investments are recommended, one of those auspicious days when markets might not fall and benefit the investors. Nakshatra Moola is the most consistent and positive for the bullish souls and the investors. Tithi 3, bullish and directional - 2nd half Tithi 4th is deceptive and confusing, start your trades early in the day and put trail stops. Tithi changes are 12.35, and it is more difficult to make rational decisions, there would be a lot of tempting signals, but trade only after taking 2nd confirmations. 2nd half careful trading is recommended.

Also Read: Samvat 2080 | This technical chartist lists out 3 positional calls for Muhurat trading

November 17, 2023: Friday: Good after 11

A gap down or flat opening is expected. Sentiment in the market would be slightly bearish, just like last Friday after lacklustre trading after 14.30. Divergence indicators give the best results, and confirmation on the momentum breakout will give the best profits as BTST trades as well.

Mahesh Gowande is an equity futurologist, he studied various business and capital market cycles and initiated time mapping of multiple events that affect market sentiment. His research has been extensively focused on behavioral economics, time mapping and response analysis of markets.