Daily Forecast – Share Market – July 22nd, 2016

+/- 0.5% movements possible in Nifty | Market may move on local cues

Saturn retrograde is leading with Venus, Jupiter and Mercury are leading the day with support of Mars.  Keep a watch on foreign cues but local cues will be more important.

I feel that leaf based company may be doing better as mentioned yesterday’s post. Media, entertainment, logistics and entertainment with IT can ding better. We may see movement travels and tourism, petroleum products like gas etc. Plywood or related field may be doing better. Keep a watch on Fertilizer.

Fertilizer, textiles, banks and financial institutions will be doing better along with education. I feel mid-caps and small-caps may be doing better. Market is better, we may see some profit bookings reasons is Saturn is retrograde.

Engineering, power and electrical equipment may also do better.

Keep focus in the range of 8450-8550 Nifty point level.

Indian Currency

Indian Rupee may trade in between 66.70 to 67.40 per USD.

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