Daily Forecast – Share Market – July 24th, 2019

Avoid Trading (casual traders) | Pressure on Pull back possible

Mercury, Jupiter, Venus are leading the day with Saturn. Again, three retrograde planets are in leading action. Mercury has come out of total combustion status. Resulting currency is bit under pressure. Four planets are activating house of IT, communication, logistics, entertainment and bordering areas. Other active house/planet is for the house of finance and banking/states/statements etc. whereas action in the house of petroleum, insurance, and research etc. can be seen.

INR may further lose its base, crude and geo-political situation is also on alert, local consumption or other financial cues are also not encouraging. Three retrograde planets are explaining the status for the period.

Rahu in the house of banks and exchanging aspect with Saturn retrograde, is not giving good information for banking sector or better to say for Bank Nifty. Which may give impact on overall market movements.

It will be better to avert trading (for casual traders) and wait and watch for long term investment, one can hold funds for the right time. Nifty may be within range of 11400 to 11275.

If Nifty will break 11300, levels, then may slide further. Avail opportunity at pull back.

It’s a time to move with strong base companies (means strong business and financial base companies) even in PSUs.

Indian Currency

Indian Rupee may trade in between 68.80 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.