Nifty Prediction : Nifty in Range (-) 100 to (+)175 | Look for Opportunities on dip

Daily Forecast – Share Market – July 14th, 2020

Nifty in Range (-) 100 to (+)175 | Look for Opportunities on dip

Sun with Ketu is holding the key during the day, with support of Jupiter, Saturn, Mars, Moon, Rahu, and Venus. Emotions of the previous day’s may be seen in the opening session. I feel that at the time of closing market may show different mood. Virus related issues may give another round of threat or may give cause of concern (globally), causing local market also.

Geo-political situation is another point of concern. Indicating a threat for another conflict. One country may be trying to take advantage of Global COVID issues. Economy of globe is disturbed, only China is trying to enjoy the advantage of such issue. But Saturn in Capricorn will certainly give justice to all of us. May punish or reward (according to the deeds of society).

Market may try to reconcile its bases. Or better to say that consolidation is quite possible. Nifty may try to hold (-) 100 points on the lower side (stop-loss accordingly) and (+)175 points on the upper side. This may be range in coming period. Breach of range may give results accordingly.

Defence related segments and issues, with political issues, pressure on automobile tyres, automobile, batteries, ancillaries, banks and financial institutions may be giving opportunities within this month. Rahu and Ketu are close to degrees of Saturn (almost same) chances are that impact of Rahu may be seen in strong way, or impact of Saturn.

I will be looking for textiles, sugar, fertilizer, IT, Petroleum based segments manufacturer, Synthetic rubber manufacturer, laboratories, Petroleum segments (producers) – getting support from Government. It will be better to be watchful for Infrastructure, real estate and related area (at least till first half).

Cotton, communication instruments, entertainment instruments, white goods etc. may remain better for coming period.

Trade with stop-loss on either side.

Indian Currency

Indian Rupee may trade in between 74.90 to 75.70 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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