Nifty Prediction : Nifty looks Positive | Buy on Dip for a while
Daily Forecast – Share Market – July 6th, 2020
Nifty looks Positive | Buy on Dip for a while
Sun is leading the day with support of Mars, Saturn, Jupiter, Moon, Ketu and Rahu. Seven planets are directly active, whereas share market and banks lord Mercury is indirectly active. I feel that activities during the day in many segments will be high. Indicating volume may be better. Possibly, this may give positivity to the share market also. Keep a watch on index and global news.
It will be better to keep a close watch on bordering news.
Covid issues are rising high, we are close to big figures in coming period. Nifty bank avail opportunities at buy on dips basis. Whereas Index may be showing some better moves.
Will this market show steady upward moves? Since, internal economic situation and buying capacity of common man (middle class – lower and middle) is not comfortable, because of uncertainty of job, inconsistency in salaries, but since they are “FORCEBLY HONEST TAX PAYERS”, unable to hide their incomes like giants or others, may not be in a position to go for proper purchases, only necessary purchasing will be seen by them.
A big dip or consolidation in coming months will not be surprising.
Insurance, banks, financial institutions, leaf-based, carbon black, solvents, chemicals, infrastructure, power, agriculture, sugar, and many more segments may be showing their moves. Small and mid-caps may also remain active.
Look for opportunities. Nifty and otherwise market may show positive moves.
Indian Rupee may trade in between 74.30 to 75.20 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