Daily Forecast – Share Market – July 13th, 2020

Nifty may look for 10900 or so | Watch NPAs of Banks

Sun with Ketu is leading the day, well supported by Saturn (Rx), Jupiter (Rx), Mars, Moon, Rahu, and Mercury (in own sign). Mercury has started transiting direct in own sign and own house of finance and banks etc. This may give support to financial houses also. Global cues may remain better. I feel that market is ready to give some positive moves in coming period also.

COVID in India is ready to give big figures, it has picked up after unlocking of lockdown. Anyways, this indicates that we must learn to live with all these issues, if looking to hold the threads of economy at least till, November 2020. Major states are still not going for mass level testing. Whatever may be the reason.

Geo-political and local political situation may show ups and downs.

Currency may be maintaining its levels. I believe market may be doing better during the day.

Chemicals, banks, financial institutions, insurance, leaf-based, rubber, synthetic products, cotton, entertainment instruments, electronics and electrical, communication instruments, textiles, agriculture, agro-products, metal, spirit, alcohol and based on such products, sugar and many more may be seen during the day.

I believe call will be bit better. Nifty looking for opportunity to enjoy some break, few planets and situations may try to build hurdles in this move (coming week).

Indian Currency

Indian Rupee may trade in between 74.60 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.