Daily Forecast – Share Market – July 16th, 2018

Book Profit as and when required | Look for opportunity at lower levels

Ketu and Moon are leading with support of Jupiter, Mercury, Saturn, Rahu and Venus. Indications are clear that possibility of some confusion in market movements. Although, planets like Jupiter, Mercury, Moon, Ketu and Venus are ready to support market during the day, but Rahu and Saturn are creating confusion. Secondly, market in between the period of Solar eclipse and Lunar eclipse has started. So, during this period we may see some dip in the market. Nifty up to 10700 or 10600 will not be surprising.

Use this period and book profits on upper levels or as and when required. Opportunities will be available at lower levels for short term period.

Announcement by any government agency may give advantage to IT or any other segments in coming period.

Movements in Banks, financial institutions, petroleum, automobile tyre and automobile can be seen during the day. Textiles, leather, Health care, Pharmaceuticals, hospitals may show some movements.

Liquor, spirit, alcohol and related segments may be showing movements. Tea and coffee may show movements.

Indian Currency

Indian Rupee may trade in between 68.00 to 68.80 per USD.

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