Nifty Prediction : Consolidation Possible | Mood is still better | Watch FIIs/Institutions

Daily Forecast – Share Market – July 22nd, 2020

Consolidation Possible | Mood is still better | Watch FIIs/Institution

Sun with Mercury is leading the day, well supported by Ketu, Rahu, Mars, Moon, and Saturn (Rx). Consolidation is possible or impact of foreign cues can be seen in positive mood of the market. Market may give flat or likewise opening. I believe for consolidation in coming time (as mentioned in previous post also).

FIIs may give further positive impact to the market. It will be better to say that Institutions may be holding the key for the local market. I feel still upside is possible. Market may show consolidation on upper levels or some profit bookings.

Stop loss important, before going for buying.

Market may give further rise of 70-80 points in Nifty, banks and financial institutions may be doing better. It will be better to go for watchful trades for IT and related segments. Automobile, automobile ancillary, tyres, cement, and other building related materials may remain bit better.

Many segments may remain active, mid-caps and small caps may show some movements. Currency is holding levels, with crude and gold.

Trade smartly after a long run up. Time to watch consolidation in coming time.

Indian Currency

Indian Rupee may trade in between 74.20 to 75.00 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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