Daily Forecast – Share Market – July 9th, 2020

Mood Positive | Patience is Important | Profit booking not surprising

Rahu with Sun leads the day, with support of Ketu, Moon, Mars, Saturn, and Jupiter. Three planets are retrograde, Mercury is in own sign and house in Rahu Ketu axis. Like previous day, seven planets directly and one planet indirectly active during the day. Indicating movements in many planets. Rahu can give sudden moves/spikes on either side or volatility.

Impact of COVID, border issues might be under control for the time being, being it will be important to watch next 100 days or so. Geo-political situation in coming period will be playing some important role in global business style, which may give impact on Indian market also.

Selected buying and as and when required selling can be seen in the market. Which may give volatility or ups and downs.

Movements due to announcements from Government can be seen in various segments.

Leather/Footwear, agriculture, power, textiles, chemicals, automobile, non-traditional segments, spirit, alcohol, cotton, electronic instruments, leaf-based, dairy, rubber based, automobile ancillaries, housing related segments, with infrastructure.

It will be better to wait and watch, if market is holding the bases of (-) 20-25 points of Nifty, then go for further movements, otherwise chances of profit booking may be possible.

As and when required book profit. Patience is the key.

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.