Nifty Prediction : Nifty may try to hold 11300 | Upper rang may be 11425

Daily Forecast – Share Market – July 23rd, 2019

Nifty may try to hold 11300 | Upper rang may be 11425

Jupiter & Venus are controlling the day with Saturn & Mercury. Venus is close to change its sign and house. Three retrograde planets are again cause of concern, but Mercury retrograde is trying to come out of total combustion stage. Mars is also combust. Impact on the market is evident because of afflicted or disturbed planetary position. Combination of Rahu and Venus are in their last phase, but still I feel that banks may not be comfortable. Impact can be seen on the trading session.

Retrograde planets are indicating some reversal moves may continue with probably showing some recovery. It will be better to use recovery (if seen) as an opportunity.

I afraid that these retrograde (3) planets and 3 combust planets may not be able to hold previous base levels. It means that if nifty will break previous rally level, then may show down trend for some period. Indian Rupee is also losing its base for a while.

Nifty may try to hold 11275 Levels, and upper side may look for 11425 levels.

Movements in banks, financial sectors, petroleum, crude, agriculture, chemicals, FMCG, Pharmaceuticals and Jewellery, Gold can be seen.

Trade with care on either side. I believe PUT will look for long.

We may see impact of slowing down of market movements (consumption), retrograde Saturn is justifying the impact of previous working.

Indian Currency

Indian Rupee may trade in between 68.50 to 69.40 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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