Daily Forecast – Share Market – July 1st, 2019

Nifty may Look for 11850 | Sudden changes not surprising

Venus, Mars and Saturn are leading the day with support of Rahu, Mercury and Jupiter. Moon is exchanging aspect with Jupiter, indications are for the movements in crude, Petroleum will be important along with the global cues. Currency is managing own position. As mentioned in my earlier posts that issues related to banks may develop or come to the knowledge during the period. It will be better to be watchful before going long for banking equities. This may be issues related to previous working in the banking.

Movements in Petroleum, Gas, Petro-based products, Textiles, leather, Paper, Agriculture, water related segments, non-traditional areas, IT, communication, logistics, entertainment, dairy products, Metals, engineering, electrical and electronics, fashion industry, with insurance, research related areas may be showing action in coming period.

It will be better to trade with guards on either side. Sudden changes may not be surprising. I will like to check all banks related news, which may be setting direction for few banks in the coming long period.

Nifty may look for 11850, but Rahu again indicates that sudden changes with some news or other reasons possible or not surprising.

Indian Currency

Indian Rupee may trade in between 68.70 to 69.60 per USD.

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