Nifty Prediction : Nifty may show some recovery | Trade with very care
Daily Forecast – Share Market – July 25th, 2019
Nifty may show some recovery | Trade with very care
Jupiter, Mercury & Venus with Saturn and Ketu are active during the day. Again, main three planets are retrograde, Saturn is justifying the market with the performances of the companies. Mercury will be falling back in Gemini sign, which indicates for few days Mercury may be favourable/supportive for banks and financial institutions for few days or may dig more issues with banks. It will be tricky. Hence, trade with care and keep an eye on each step of banks and financial institutions.
In fact, three retrograde and three combust planets are creating awkward position for the market. Unable to give any moral boosting support to the traders and market. Reversal moves are heavy in previous days.
Trade with care. Casual traders, better to avoid trading and hold funds for the coming opportunities. It’s not necessary that every day one should do trading. Wait and Watch. If opportunities available, then get rid of weak companies.
Cotton, ready-made garments, fashion and related segments may be showing some movements, there is a chance that lord of horoscope may try to show its strength (means government), but in coming days, this will be heading for total combustion. Which may give dent such action or may be some reaction from influential people/political step or any other issue may disturb government.
Nifty may try to give some recovery from lower levels, but it will be better to be watchful. This can be tricky. Although foreign trades are strong, but our local trends of the consumptions and weak reports of the companies are not giving supporting strength. Saturn retrograde is justifying Nyay to the market levels – I mean is bringing them down to correct levels.
Action can be seen IT, communication, and possibly pressure on vehicles, and related segments. But may give opportunity for the coming period.
Trade with care – even hardcore traders. I agree that Gold and crude are stable.
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.
Categories: Share Market