Daily Forecast – Share Market – July 3rd, 2020

Nifty may look for upper levels | Stop-loss essential | Enjoy with winds

Rahu with Sun is controlling the day, with support of Mercury, Moon, Mars, Ketu and Saturn. Three planets are retrograde. But lord of share market, banks and financial institutions is in own sign and house of banks and financial institutions. Giving support to both the areas. Global cues may also be important for the day. Possibly keep a watch of FIIs.

Lunar eclipse will be on Sunday. It will not be seen in India. But indirect planetary impact is already visible. Market has shown its growth or run-up. I believe that today again, nifty may look for 10600 levels or so.

Since, Rahu and three retrograde planets are active, so it will be better to trade with proper stop-loss. Such combination shows unpredictable behaviour. Non-traditional segments may be showing activities along with many traditional segments.

Keep a watch on aeronautical manufacturer, communication, sugar, leaf-based segments, Petroleum and related segments like synthetics and related segments like petro-based products like automobile tyres, paints, lubricants etc. Indications for automobile, agriculture related segments.

I believe that in coming days demand from rural sector can be seen, because of various planetary position and practical reasons (like support from government), that means possibly small cars or other white goods may see some movements in rural sector (this is my observations out of the box).

FMCG and automobile ancillary, textiles, silk, entertainment instruments etc.

Trade with the winds. Enjoy the day. Market may show positive moods but trade with strict stop-loss, even though mood is positive.

Indian Currency

Indian Rupee may trade in between 74.30 to 75.10 per USD.

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