Daily Forecast – Share Market – July 19th, 2016

Market seems Positive | Range of 8575 to the lower side 8400 Nifty point level

Venus, Jupiter and Saturn retrograde are in lead for the day. Indications are that Venus and Jupiter will give support whereas Saturn may give some restrictions. Hence, positive moves are possible but due 1/3 partnership of Saturn retrograde, I cannot overrule possibility of consolidation. I will like to maintain a range of 8400 to 8575 nifty point level.

Local cues will be important, particularly announcements from government or governments working will be key. Petroleum segment is better. Decisions of Judiciary and agencies will be important. Consumer goods and FMCG will be better.

Tomorrow IT, Media, entertainment, Logistics, Travels and tourism with Transport may be doing better.

Automobile tyres are also comfortable with other segments of automobile like spare parts manufacturing.

Government may need to handle the parliament like a smart CEO, whose statement of not getting cooperation from others will never be tolerated by board of the director of the company, similarly Governments’ excuse of not getting support from Opposition will be not digestible to the market and nation too. So, time has come to use Saam, Daam, Dand and Bhed neeti to get the job done.

Indian Currency

Indian Rupee may trade in between 66.90 to 67.70 per USD.

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