Daily Forecast – Share Market – July 22nd, 2019

Nifty may trade in the range of 11350 – 11500 | Trade wisely

Saturn, Jupiter, Venus and Mercury are active during the day. Three planets out of four are retrograde. Mercury retrograde is coming out of total combustion status. Technically, at the time of starting of market, this Mercury is out of total combustion status. Gradually, Mercury will be improving its position and similarly market also.

I feel after a fall of market in last two working days, market may try to hold its position and restructure from the lower levels. Point of concern is consumption story of the market. It’s a part of the business and life. Business style is changing, global equations needs some adjustments. That’s why there is trade war. But always, after such trade wars, market or non-players in trade war, get an opportunity to improve faster.

Banking at the stage (PSUs) looking at low, but if properly they will investigate loopholes, and if able to plug. Certainly, future will be good for them.

But importantly, 3 retrograde planets are deceptive and creating/developing lack of confidence among FIIs and not propelling DIIs to take necessary moves, because of which FIIs are on backfoot.

Textiles, sugar, agriculture, IT, communication, FMCG, infrastructure, petroleum and others. Market is not sure of results of the companies; hence lack of confidence can be seen during the period (because of three retrograde planets).

Nifty may be under pressure at least in the opening. Trade with care for the period. But again, look for opportunities in good segments/companies etc.

Results based movements can be seen or news-based movements

Indian Currency

Indian Rupee may trade in between 68.10 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.