Nifty Prediction : Nifty Positive | May look for 11975 | Trade with Guard

Daily Forecast – Share Market – July 3rd, 2019

Nifty Positive | May look for 11975 | Trade with Guard

Saturn, Jupiter and Venus are leading the day with support of Rahu, Mercury and Mars. Moon is close to Rahu and in between Sun and Rahu, so I will like to be watchful for IT, communication, logistics, transport and entertainment for at least before lunch hours.

Day has come after Solar eclipse, that’s true that it was not seen in India, but impact in the house of finance, banks and others can be seen in coming period. I will be careful about new investment in many banks. Reason is that some new issues may be observed in a year.

I don’t mean to say that all banks may be facing this problem, but chances are there. Chances are that crude oil may show some wave (like high tide). Which may be influencing petroleum and related segments like automobile tyres etc. or paints also.

Textiles, agriculture related, sugar (due to water crises) may show rise in coming period, Jupiter will not be supporting rains within this year. So, chances of low rains are possible.

I feel that market may show some rise and try to look for 12000, shortly. Short term trade will be for rise.

Chances of positivity can be seen in many sectors during the day or for next 2 days or so. We may see rise in railways related companies for a day or so. Defence related segments may be showing movements (it will be better to look for dependable promotors).

It will be better to check global cues and global tension or geo-political situation etc.

Indian Currency

Indian Rupee may trade in between 68.50 to 69.30 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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