Daily Forecast – Share Market – July 22nd, 2015

Market may show some weakness | Mood may not be negative

Mercury is heading for total combustion within a day, so impact of this planet can be seen on share market and banks/financial institutions. This may be giving shadow on share market, so it will be better to be watchful and as and when required look for book profit or look for good equities at lower levels, because from 05-08-2015, Mercury will move in its exalted sign and will be in a position to support the market.

Market is controlled by Saturn retrograde which is slowing down its speed for us with Jupiter, Moon and Ketu. Indicating that Communications, IT, IT related field, travels and tours, transport and media etc. with Tea, coffee, movements can be seen in shipping, Jewellery, Textiles, Telecom, Silk, agriculture related field, Petroleum products with Pharmaceuticals can be better. Defence may also show some movement.

Small caps and Mid-caps in banks and other segments may be better.

Indications are that government may have to look back in coming days, so it will be better to consider all issues.

Indian Currency

Indian Rupee may trade in between 63.30 to 64.0 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.