Daily Forecast – Share Market – July 24th, 2018

Nifty may look for 11100 | Profit booking at Upper levels possible

Mercury, Moon and Saturn retrograde are leading the day with support of Rahu, Ketu and Venus. Activities may be more or less like previous day. This is true that Mercury is slowing down its speed for us and closing to start transiting retrograde. It will be important to note down the closing value of Nifty on 26-07-2018.

Market may trade positive and look for upper levels in coming period. Pressure on upper levels possible. Sudden movements on either side not surprising.

It will be better to sell at upper levels for a while in coming period (as and when required), because we may see some profit booking or correction in next coming days.

Banks, financial institutions, textiles, pharmaceuticals, health care, cosmetics, fashion related, leaf based, IT, communication, communication instruments, electronics and electricals may be doing decent, chemicals, carbon black and related chemicals, lubricants may be in action. Silk, cotton, ready-made garments, alcohol, spirit and related segments may be in action.

Trade for short term. Long term trading can wait.

Indian Currency

Indian Rupee may trade in between 68.40 to 69.20 per USD.

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