Daily Forecast – Share Market – July 6th, 2018

Nifty may show slow start | Market may try to hold base

Ketu, Saturn, Moon and Rahu are in lead with support of Mercury and Jupiter retrograde (slowing down its speed for us). Indications are that opening session may show some pressure or ups and downs in the market. But market is looking to hold base. Crude may also show some settled situation in coming period. Three retrograde planets with the influence of Rahu and Ketu, can always mislead the market. Or it will be better to say that suddenness in the market may set the tone for coming week of the market.

Movements in petroleum, fertilizer, water/irrigation, communication, communication instruments, alcohol, spirit etc. may be showing movements in either sides. Banks, financial institutions, insurance, IT, education and related segments may be interesting for the coming period. Private sector banks may be improving their positions in coming period.

Auto and related segments not based on petroleum products may show some movements. Automobile tyres may be bit slow.

Currency may be playing important role.

Indian Currency

Indian Rupee may trade in between 68.30 to 69.10 per USD.

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