From Monday, we are entering the most bullish phase of the year, with practically all sectors flashing positive signals for next week.
The banking sector is showing a huge positive inflow, and Nakshatra Jyestha also gave short sellers the best opportunity to book profits on Friday by falling significantly in a single day. Stockology is a weekly column by futurologist Mahesh Gowande. He is the Founder and Director of Ayan Analytics, whichReview of last week
Markets remained extremely rangebound for four days, and on Friday, the volatility was beyond any logic — regulars might have incurred huge losses. The Bharni and Kruttika combo in a single day is very difficult to participate in or make money from. In fact, the majority of traders may have lost big money in intraday and options trading. The Nifty was trading at -347 intraday to close at + 219 on Friday, which indicates what’s likely to come in the next few days, as the markets are expected to move big .
The banking sector is showing a huge positive inflow, and nakshatra Jyestha gave short sellers a good opportunity to book profits on Friday, with the Nifty bank index falling significantly in a single day.
Technical analysis
Last Friday's intraday candle was strong, and the top can easily be crossed once confidence is revived in the bull camp. A somewhat similar candle on December 5th is indicating that huge inflows into Indian markets are likely to begin after some trigger. While we have been slightly bearish over the past few months, December readings clearly indicate that in 2025 we will definitely see a new high on the charts.
has developed ZodiacAnalyst, a research software with time and price charting tools. If the Nifty breaches 24,870, it will confirm a target of 25,470 and 25,840 before January 15th, 2025. A strong breakout is expected in the coming week as we have entered nakshatra Moola, and the coming 30 days are broadly bullish, according to the TimeMap. The technicals also support this view.
The charts have started indicating volatility in the markets, with a range of 27,000 to 21,800 in 2025.
TimeMap
In the last 15 days, the markets gave an opportunity to short sellers. But from Monday we enter the most bullish phase of the year, with practically all sectors flashing positive signals for next week. More than 30 stocks are showing bullish signs, so negative movement is unlikely.
Most investors are curious about 2025, which will be bullish, and we may see new highs by next July. Mid and smallcaps will perform well, and the technology and finance sectors will witness a big inflow of capital. Manufacturing companies will skyrocket to a new level, depending on the product and scale.
However, a big dip between January 15th to February 15th is a big possibility. This would not be because of weak internal markets or economic conditions, but due to external factors such as currency market volatility or crises in specific regions. Per the charts, the 24,180 to 23,850 range will see extremely strong demand, and breaking below 23,850 will confirm a target of 21,800.
If nothing happens during the abovementioned phase, we suggest remaining cautious until March 31st. Due to tax and position adjustments, historically, March has favoured the bear cartel.
December 16, 2024 (Monday): K.1: Aardra: a good day
After Friday's closing movement, the opening on Monday becomes less important. Rather, post 10:30 am, the real market movement and sentiment will become clear. The nakshatra has a big impact, but the momentum won't be much, as tithi 1 is comparatively slow, like the first gear of a car. After crossing Friday’s high, a minor negative close cannot be ruled out. STBT (sell today, buy tomorrow) is indicated.
December 17, 2024 (Tuesday): K.2: Punervasu: an auspicious day
A negative opening and further fall cannot be ruled out. Many bluechip stocks that have hit 52-week lows could be the best bets. It is the best day to invest in oversold and diverging stocks. Invest in quality, as most scrips will bottom out this week. BTST (buy today, sell tomorrow) is recommended. FMCG and MNC consumer stocks are recommended.
December 18, 2024 (Wednesday): K.3: Pushya: bullish day
Tithi 3 implies big movement, and it is the most auspicious nakshatra. Buy on momentum breakouts, as positive flows are expected. The sentiment will be cautious, but a bullish move post-lunch cannot be ruled out. Day traders can mint money today just by following the trend. By the end of the day, contrarian strategies will work better. BTST in steel-specific stocks.
December 19, 2024 (Thursday): K.4: Ashlesha: best short-sell day
Every market has opportunities on both the buy and sell sides. This day is the most auspicious day to initiate a short-sell position. Momentum breakout signals are the best for trading and the metals sector will do well. Participate slightly late and avoid being too aggressive; delayed participation after confirmation is better.
December 20, 2024 (Friday): K.5: Magha: bullish day A higher opening is expected. Auto, cement, and engineering will be the best sectors to invest in. Like last Friday, a large movement is expected in the markets, and directional trades are likely to be the best.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
