Nifty Prediction : 0.5% movement expected with a stop loss of (-) 0.75%

Daily Forecast – Share Market – July 26th, 2016

0.5% movement expected with a stop loss of (-) 0.75%

Saturn is in lead with Mercury and supported by Venus, Jupiter, Sun and Ketu after 11:05 Hrs (IST). I feel silent opening with positive mood in the market. But leader of the day is Saturn which is retrograde and indicating that Parliament and Judiciary has to play some role during the day. Venus and Sun are also indicating that role of Government and opposition will be important for the day.

I feel Local cues with respect to the stock wise etc. will be important. Petroleum and gas marketing companies may be in better shape. Products based on Petroleum products may be doing better.

Chemicals, Health related segments (Pharmaceuticals, Laboratories and Hospital etc.), Ready-made garments, Paper, coffee, Tea and banks with financial institutions involved in insurance sector will be doing better.

Keep a watch on education related area and infrastructure, power and companies allied to Vehicles may be doing better.

Keep an eye on Judiciary and likewise agencies and announcement from government.

Indian Currency

Indian Rupee may trade in between 67.00 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.

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