Stockology is a weekly feature written by futurologist Mahesh Gowande. He is the Founder and Director of Ayan Analytics, which created ZodiacAnalyst, a research software featuring time and price charting tools. The market activity aligned with our predictions. Weekly Review: This marks the first instance of three consecutive negative closings in 2023, which will likely alter the sentiment of market participants. Generally, all sectors except for Banking and technology experienced selling pressure. The current market situation aligns with our predictions. The weak Venus will benefit the Bear cartel, while the retrograde Jupiter will strongly support the bull cartel. These two significant planets will heighten volatility, making a MARKET NEUTRAL strategy of long and short baskets the most effective approach in the present market. Technical analysis shows that this is the 2025th consecutive negative close, and in the past 7 weeks, there have only been 3 positive and 4 negative closes, indicating the first signs of weakness or a corrective phase in the markets. The slow decline (distribution) will hinder the recovery process, causing increased discomfort within the system. Conversely, a rapid decline results in a swift rebound, which has been occurring over the past few months and indicates a strong upward trend in the markets. Currently, the technical level is in a strong BUY zone between 27 and 213, with a significant influx of funds anticipated in this range. The future direction of the markets will be determined by supply and demand. There’s no need to hurry or panic when leaving the markets, as there are plenty of chances for buyers and sellers to make smart decisions.
