Nifty Prediction : Odds and eves are balancing | Again range bound trade possible

Daily Forecast – Share Market – July 16th, 2019

Odds and eves are balancing | Again range bound trade possible

Venus, Jupiter and Saturn are controlling the day with Mercury. Hold of retrograde planets are strong. But lord of the horoscope is strong and will try to hold the levels, as it has done on previous working day. Lunar eclipse is in the night, so it will be better to pick only good chances for either side. We may see high and low waves. Impact of foreign cues will be seen tomorrow.

Movements in Petroleum, Gas and related segments can be seen during the day. Since, eclipse is directly linked with the house of banks, financial institutions, statements, states, sea related issues, suddenness, research and related activities, Judiciary, karma etc. Impact can be seen during the day in the related areas also.

Leather, sugar, agriculture, non-traditional sectors, leaf-based segments, IT, etc. may be showing movements, I will be looking for banking shares at better prices. But will be watchful for PSU banks or weaker management linked banks. Issues related to banks may further disturb market in coming period.

I will look forward for coming period. Nifty may again look for 11800 before expiry of the month.

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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