Daily Forecast – Share Market – July 17th, 2020

Spike on either side during the day | Turbulence Possible | Buy on dip

Moon with Sun is leading the day, well supported by Mercury, Mars, Jupiter, Rahu, and Ketu. Keep a watch on Institutional movement. Market has balanced movements. Market is in the resistance zone. Turbulence in the market not surprising. Wait at the time of opening. Market may show movements – swings possible at any time of the day.

Market may give again opportunities for buy on dip. Still, I will be bit watchful, reason is nationwide Virus-related alarming situation. Trade with strict stop-loss.

Movements in maximum sector can be seen during the day. Opportunities in financial organizations and banks will be possible.

Metal, logistics, IT, communication, Power, automobile ancillary, e-commerce, leaf-based segments, sugar, textiles, leather and alcohol, Pharmaceuticals, healthcare etc. may be showing movements. Synthetic, cotton, silk, electrical and electronics may remain active.

Trade for opportunities on either side.

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.