Daily Forecast – Share Market – July 21st, 2020

Nifty may Look another run | Consolidation on Upper levels awaited

Sun with Saturn are leading the day, well supported by Mars, Mercury, Moon, Rahu, and Ketu. Indications for the many segments can be seen positive, indicating again a positive day and market may look for next levels of Nifty. May give movements of 100 points or so.

Corona Virus related solutions may be seen after third week of September 2020. Which may give another positive indication in coming period. Keep a watch on Pharmaceuticals or COVID related news (solution/medicine). This may give boost to the market to look forward. It is different story that unemployment may further give negative impact in coming month.

India has advantage of IT companies with Pharmaceuticals, and agriculture etc. Crude is indicating that global movement has started beginning. This may be another positive indication.

IT, e-commerce, media, logistics, transport, infrastructure, power, sugar, textiles, leather, engineering, Insurance, banks, financial institutions, chemical, Leaf-based, solvents, spirit, alcohol and based products, dairy, FMCG with defence relates areas may be looking better.

Automobile tyres and ancillary will be interesting to watch.

Consolidation on upper levels will not be surprising.

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.