Nifty Prediction : Buying from Previous day’s Levels Possible| Let market hold Levels – then long
Daily Forecast – Share Market – July 15th, 2020
Buying from Previous day’s Levels Possible| Let market hold Levels – then long
Sun is leading the day, well supported by Rahu, Ketu, Saturn, Jupiter, Mars, Moon, and Venus. Indirectly Mercury is also active. All the planets are active. It is one of the exclusive occasions, when all the planets are active. Indicating that movements in all the segments or majority of the segments can be seen during the day.
Indications are clear for positive run during the day. Slowly gradually, we are heading for the day, when we may get solution for COVID.
Corona cases in the country will be on the rise. NPAs (as mentioned in my previous posts) related to banks may be cause of concern for the market. Even then global news or COVID related news may be giving some advantage to the market.
I feel that market may be giving buying or recovery from the previous day’s lower levels. Lord of the banks and share market has started gaining its speed back, so chances of buying opportunity in banks, good quality banks will be better.
Global cues ma be influencing the market also. Go-political tussle can be seen in coming days. (Tussle for power). Institutional selling still causes of concern. Indicting some pressure from Local institutions of foreign institutions will not be surprising.
Allow nifty to hold the base above + 100 points in Nifty, only then look for long of Index. Be watchful for bank Index.
Recovery is possible, wait for long. If market holds base, then go for long.
Majority of segments may be showing movements. Currency is trying to hold levels.
Indian Rupee may trade in between 75.00 to 75.80 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market