Daily Forecast – Share Market – July 1st, 2020

Trade wisely | Volatility | Mix day possible

Rahu with Sun is leading the day, well supported by Ketu, Mars, Saturn (Rx), Moon and Jupiter (Rx). Spread for virusmay be seen in coming period. May be due to aggressive tests etc. which may be first step to know the reality related to the COVID. Performance of companies for second quarter of this financial year, is again bit tough (consumption wise).

Market may show some mix results during the day. Rahu and Ketu may give some volatility (Possibly in the range). Nifty may try to hold levels at the lower levels and look to touch upper levels of 10400 or so. It will be better to keep a watch at the closing levels.

Directly seven planets are active, whereas indirectly eight planets are active. So, I can expect movements from many segments. Since, three retrograde planets and total combust Mercury are active. This is quite possible that neither banks nor share market may get any support from its lord. So, chances of some pressure are also possible.

Other planets are also active, which may try to give some better moves. Issues for the shasak of Finance Ministry is persisting. Which may be big cause of concern for the proper growth post this Pandemic. Since, last budget (2019 July) market and companies have lost their basic strength or demands. Unemployment issues for middle class and lower middle class are high. According to the PM ‘HONEST TAX PAYEES’ are in trouble. For government they are not good voters (probably) that’s why they are ignored in each step by the government.

These “HONEST TAXPAYERS” are facing trouble from banks and no support from government. Again, government is not giving any practical support to them. Theses Honest taxpayers are key to give boost or dip in consumption story of white goods and other good products.

Anyways, I feel market is not strong for the day, no support from its lord, so chances of volatility and may look for lower levels also.

Many segments may remain active.

Indian Currency

Indian Rupee may trade in between 75.20 to 76.00 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.