Daily Forecast – Share Market – July 10th, 2020

Trimming Possible | Opportunities at lower rates

Jupiter with Sun is leading the day, with support of Rahu, Ketu, Saturn, Mars and Moon. Mercury is at the slowest speed for us because Mercury will start transiting direct on 12-07-2020. Indications for the market – possibility of some profit bookings or consolidation etc. One more important point is that chances of Corona Virus spreading much faster than the previous rate. Government’s may take again drastic steps. Five planets are activating Petroleum, insurance, finance, and research & development etc.

It will be better to look, wait and move. Foreign cues will also be important. Jupiter is also retrograde along with Saturn and Mercury. Chances of profit bookings on upper levels possible.

Still, planets are suggesting buy on dip. For long term better to watch with care and then move, avoid weak players. Last month sales were based on the demand blocked for past 100 days. Still companies are unable to handle situations properly or better to say capitalize properly.

Companies like IT, communication, e-commerce logistics, metals, spirit, leather, textiles, sugar, engineering, and petroleum related segments.

It is a weekend, situation is tricky, because of slowing down of lord of share market and banks. But coming period may give better moves.

Indian Currency

Indian Rupee may trade in between 74.50 to 75.40 per USD.

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