Daily Forecast – Share Market – July 24th, 2017

9950 to 9850 may be the range of Nifty | Mood is cautious but positive

Mars, Saturn retrograde, Mercury and Ketu are leading the day with support of Moon. Moon has come out of shadow of Sun, can give movements but may be confusing because is in between Sun and Rahu. Mars is total combust and Saturn is retrograde. Indications are that some decision either by government or by Judiciary or by some government agency may be reviewed or revert or reopen.

I feel that movement in the market may be slow, even though positive. It’s true that Nifty is 85 points short to five figure mark, two three attempts for 9950 is already achieved. May try to push for 10000 point level, this can be touched/crossed only with one rally. One profit booking is due before August 7^th 2017. So, I feel that market may try to cross/touch this upper bracket of five figure mark within this week.

Market may show lazy moves and try to form its base and trade within the range of 9950 to 9850 of Nifty levels.

Logistics, communication, media and transport may show movements. Jewellery and FMCG segments will be showing movements. Agriculture and its produces with sugar etc. are positive. Cotton, silk and garments will be better. Keep an eye on defence related segments.

Indian Currency

Indian Rupee may trade in between 64.00 to 64.65 per USD.

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