Daily Forecast – Share Market – July 2nd, 2020

Emotions better | Buy on Dip | Global cues Important

Rahu, Saturn with Sun are leading the day, well supported by Ketu, Mars, and Moon. Lord of the share market has moved away from Sun but is retrograde, in own sign and house of banks/finance etc. Indications for insurance and related segments may be better. Market is giving indications for positive moves. Buy on dips will be better.

Planetary position is better, although three planets are retrograde, which may give sudden changes or swing in the mood of market. Even then I feel bit better for the day. It will be better to go for buy on dip. Keep a stop loss of 10250 or so for Nifty.

Chances for transport surface and shipping may be bit better or may show movements with leaf-based, chemicals, banks and financial institutions, research based segments, Pharmaceuticals, sugar, agriculture, power, infrastructure, communication and entertainment instruments may remain active.

White goods and engineering related segments may also remain active.

It’s a time to buy on dip with stop-loss on either side.

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.