July will be a key period for the stock market

Stockology is a weekly column by futurist Mahesh Gowande, founder and director of Ayan Analytics, developer of ZodiacAnalyst, a research software with time and price charting tools.

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review: The price moments in the market are expected to rise and form a bell curve pattern. As expected, private banks attracted huge investments, Reliance also got a sizeable investment flow, finally chemical companies attracted pretty good investments, defense and especially shipping companies have become unstoppable. We are at new highs and quite a few stocks are trading below 3 week lows. The movement in the indexes was specific, heavily weighted, only the top 10 or 12 stocks participated and the rest of the market was facing selling pressure. Leading and manipulation news also became pressure points for certain stocks. Overall, it was a very reassuring week for long term investors, especially large portfolio holders.

technical – Nifty rose 509 points – a four-day rise and one fall on Friday.The short-term movement has achieved the first target of 24,175 and the next target is 24,380.

Meanwhile, 24,190 and 24,360 zones are also targets for the weekly pattern. On the monthly time map, the levels are 24,600 to 24,859. The confluence of target and selling zones from short, medium and long term time maps ensures strong selling pressure above 24,170. On the downside, 23,206 is the defensive level for the bulls and a drop below 22,410 Nifty level will put the market into a complete downtrend. While it is expected to be confirmed in October, we may see a further sharp upswing before entering into a long corrective sideways phase starting in July 2024.

Time Map – The sun Nakshatra Adra – Positive for FMCG, Pharma and Top 100 index stocks. This means frontline stocks will remain on the investment list next week. Fund flows appear to be moving towards defensive strategies. Though slightly positive and showing bullish bias next week, we expect a shift towards reduced momentum exposure and a shift towards stable defensive low beta investments. After July 6th, the market will become more volatile and maximum investments will go towards value investment strategies. Though the time map is not bearish, there is definitely a shift in investment strategies from after July 6th till the end of the month.

Mercury, Venus, Mars, Neptune and Pluto have multiple aspects that are powerful enough to bring about sector trend reversals and lead the indices.

July is a pivotal time for the stock market, setting the stage for the emergence of new sectors that are set to thrive over the next two to three years, driven by forward-thinking investors, especially stocks and sectors that are booming and poised to reach peak enthusiasm, which often happens by the end of October.

01 July 2024: Monday: K.10: Barani: Profit booking is good

A higher open would be seen as negative for the market. Titi Reward positive behavior. Nakshatra Great for profit taking. Retail business models will get more attention today as we see portfolio turnover. Agriculture, especially the seeds and direct food businesses, will trigger their weekly signals. STBT is highly recommended for stocks closing towards the highs of the day.

2 July 2024: Tuesday: K.11/12: Kruttika: Bad day

Flat or negative opening. Wait a few minutes and look for a sell signal as divergences will be the most valuable indicator of the day. Titi Weak-hearted Nakshatra is sharp. Contrarian trading is more profitable.

It will be a bit tough as the majority cannot join the contrarian trend. Trend following systems will suffer losses. I highly recommend IT, technology and internet stocks BTST.

3 July 2024: Wednesday: K.13: Rohini: Bad Day

Titi 13 Volatility increases. Spike candles are Titi 13this very important on the chart and can be used as an important candlestick. Nakshatra Due to weakness, the market is expected to be sluggish at the opening and then after lunch, there will be a sudden surge in trading volume due to external news and events. High beta counters and index-focused stocks should be used for trading.

The key time to watch is from 12.15 to 12.45, as one of the strongest bearish signals can be generated on the charts of individual stocks and indices.

4 July 2024: Thursday: K.14: Mrugga: Bad day.

Quick reactions and fast actions are the key to success. It is a great day for traders who can participate in both sides or strategies of options. Momentum breakout indicators will give the best results. Communication, power and defense are the sectors to watch for big gains. BTST is highly recommended in oversold stocks. Negative close is expected.

July 5, 2024: Friday: Amavasya: Adra: Bullish day

A flat to nominally positive opening cannot be ruled out. The market is expected to make a very broad move, with a directional but slow and steady movement. Starting the next day, Sunday the 6th, Nakshatra Punervasis set to experience some of the biggest volatility in the industry over the next two months.

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