Stockology: Reading the week ahead for markets

In the first half of the day, traders would be laid back or in a slightly lazy mood, and choppy volume activity would be seen in the markets

Timing is crucial. Time has been given utmost importance in every aspect of life, so why should an investor not TIME their investments?

We firmly agree never to time the markets, but investors and traders should always time personal investment actions.

We face resource constraints and must consistently make decisions regarding investing and trading. The fortunes of numerous individuals have been altered by being in the right place at the right time. The key to achieving this is Muhurta Shashtra.

How to do it?

Follow the Indian calendar or Panchang - it lists auspicious days for the month. There are about 3 to 8 auspicious days in a month, and our observation is on auspicious days, markets often decline or sentiment in the market is negative.

Also Read: Are golden days of ITC over? Samir Arora awaits to ‘sell’ position once stock underperforms

It is noteworthy that engaging in SIP on auspicious days has the potential to enhance investment returns by 0.5 to 3.5 percent annually. The significance of managed SIP should be noticed, given that SIP strategies can encompass sectorial indices, strategy indices, market cap broad indices, and thematic indices. TimeMap can aid in decision-making, and utilising ETF as the platform allows for real-time execution, making it an optimal choice. SIP Margadarshak is the platform for SIP investors.

There are auspicious days for SWP or Systematic Withdrawal Plans to book profits and sell investments. On good to sell days, markets are often bullish or going up.

TimeMap of the week - Broadly, markets showing a slight bearish week ahead, and very bright probability markets will give a weekly negative close. Mars 60 PLUTO is a positive aspect for the markets, especially for PSU and Insurance companies.

The most dreaded aspect of Sun 90 Saturn is on the 25th, which is showing positive for the markets; the influence would be good for the investors.

Technical - Last week, in our video, we mentioned that as per technical and TimeMap, 19660 to 19700 would be possible, and the bias for the week is favourable. In the current week, our view is bearish; the upside is limited, and the downside is a little more. As per the charts, 19307 should get retested in the cycle of 13 days; the process begins once the low of 19600 gets broken. The current momentum has a upside target of 19860, looks a bit difficult in the current week.

Also Read: Daily Voice | This investment strategist is optimistic about IT firms, expects a happier 2024

November 20, 2023: Monday: Good after 4.10 PM. 

In the first half, traders would be laid back or in a slightly lazy mood, and choppy volume activity would be seen in the markets. TimeMap shows a choppy day, and the SELL and BUY trading strategy can make more money. Market breadth would remain positive, and midcap and smallcap would see a lot of retail and institutional participation. In case markets give a negative close - selective BTST (Buy Today, Sell Tomorrow) is recommended. No SIP investment is recommended.

November 21, 2023: Tuesday: Volatile Day

With higher openings and a lot of excitement on many counters, traders would get lured to participate due to the steep price rise in many stocks. Sentiment in the markets would be euphoric, and more buy triggers on the shorter time frame charts would increase the volumes of the traders. TimeMap - Tithi Navami is the best for Selling among all the moon tithis. Tithi Navami has a typical trait, bullish influence in the first part and 2nd part is good for the sellers. Moon Nakshatra indicates seasoned players would be active in their counters. SIP in autos, PSU, and smallcap is recommended.

November 22, 2023: Wednesday: Auspicious Day

The gap-down opening of the indices cannot be ruled out. The Tithi & Moon Nakshatra combination is perfect for the divergence indicators; signals will give rewarding trades for the 72-hour traders. Being an auspicious day, SIP investment is recommended in sectors like banking, PSU, and commodities. BTST recommended, but often it better to do it after 11.30 am.

Also Read: Six companies to hit D-Street this week to raise Rs 7,400 crore from public

November 23, 2023: Thursday: Good till 10 am

A higher opening of indices would be a good indicator to book the profits. Selling IT stocks is indicated. Directional or trend-following arrows would give good results today. Volatility would be high, and a slightly delayed action can provide better results. No SIP indicated. Tithi 11, or Ekadashi, is considered auspicious. We have found it has a slight bearish bias often; we see negative markets, so another good day for SIP.

November 24, 2023: Friday: Good till 9

Being in a positive or good doesn't necessarily imply a bullish market, and negativity pr bad doesn't equate to a bearish trend. Traders often face heightened market volatility, leading participants to react excessively to minor news or triggers. It's advisable to delay entering a transaction or trade to enhance the success rate, as nearby stop trades are likely to be triggered. Industries like media, FMCG, and Retailrmay attract significant attention. For SIP investors, opportune moments to invest in ETFs could arise.

Stockology is a weekly column by futurologist Mahesh Gowande. He is the founder and director of Ayan Analytics that has developed ZodiacAnalyst. It is a research software, with time and price charting tools, and it is exclusively used along with technical support.