Nifty Prediction : Index looks better | Buy on dip | Emotions nice

Daily Forecast – Share Market – July 8th, 2020

Index looks better | Buy on dip | Emotions nice

Sun with Mars is leading the day, and well supported by Saturn, Rahu, Ketu, Jupiter and Moon. Global cues/issues may remain influential during the day. But other planets are also playing their role, altogether 7 planets are directly active and indirectly Mercury is also active. Indicating that this Mercury is giving strength to share market and banks etc.

Opportunities for buying at lower levels (on dip if any). Mood and emotions are better. Nifty may look for another levels.

Banks and index of Banks may again look bit positive. Keep a watch. Interesting point will be smart stop-loss.

It will be better to keep a watch on a new group, which may enter in IT segment to go for applications or focusing on various areas in coming months.

Chemicals, Leaf-based, carbon black, solvents, synthetic products, infrastructure, cements, paints, automobile ancillary (opportunity at lower levels), batteries, defence, engineering, textiles, leather, biotech based segments, insurance, finance, banks and laboratories, with many more segments may remain active. One should not forget logistics, hotel and entertainment segments.

Trade with strict stop loss. Opportunities at lower levels. Or it will be better to say buy on dips with good companies. Mood of the market is positive.

Indian Currency

Indian Rupee may trade in between 74.40 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.

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