Nifty Prediction : Range bound trade Possible | Movement may be within +/- 0.4 %

Daily Forecast – Share Market – July 23rd, 2018

Range bound trade Possible | Movement may be within +/- 0.4 %

Saturn retrograde, Moon and Mercury are controlling the day with support of Rahu, Ketu and Venus. Mercury has started slowing down speed (for us). Lunar eclipse is also in the week. Hence, activities are expected during the week and after the week. Indications are that market may start showing some movements during the day. But I feel, time has come when market may not show big movements or low volumes.

I feel that change in the movement can be seen around lunch hours. Market may show range bound trade during the day. Mercury indicates that movements may not be much.

Impact of Political movements and other announcements may give some boost to the market, but dur to impact of malefic planets, we may see pressure too on the market.

Impact of announcement by government, can be seen on few segments. Agriculture and related segments, pharmaceuticals, health care and related areas may be showing movements. Banks and financial institutions may be active (may be with low volume). Textiles, cotton, leather, alcohol, cotton, music instruments, communication instruments, and readymade garments, with cosmetics etc. may be doing some better.

Long term investors must be watchful.

Indian Currency

Indian Rupee may trade in between 68.20 to 69.00 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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