Nifty Prediction : Nifty may open with Positive note | Volatility Possible

Daily Forecast – Share Market – July 11th, 2019

Nifty may open with Positive note | Volatility Possible

Rahu, Saturn, Jupiter and Venus are controlling the day with Mercury. Three retrograde planets and Rahu are involved heavily during the day. Crude is looking bullish in coming period, resulting impact on local petroleum segments and our industries. If Market will show some pressure or lack of confidence till 16-07-2019, after this possibly recovery can be seen in the market. In case of rise before 16-07-2019, market may show some pressure after this.

Currency is trying to hold its position. FIIs and foreign cues may be cause of concern in coming period along with crude oil.

Textiles, agriculture, leather, pesticides, chemical and solvents, with Carbon black may be seen in action but my suggestion will be to wait for better opportunities. Engineering and related segments may be looking for opportunities. It will be better to wait and watch for the opportunity at reasonable levels.

Banks, financial institutions may remain with close and watchful moves. I agree that Rahu in the house (which is active) may give sudden movements or Volatility also, so it will be better to be careful with the moves on either side. Petroleum and related segments may also show some ups and downs.

Alcohol, spirit and related segments with non-traditional segments may show movements, action.

I will prefer to wait and watch for the action calmly, also wait to set the direction.

Indian Currency

Indian Rupee may trade in between 68.60 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.

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