Nifty Prediction : Buy on Dip | Patient approach | Sudden move possible

Daily Forecast – Share Market – July 23rd, 2020

Buy on Dip | Patient approach | Sudden move possible

Ketu with Sun is holding the key for the day, with support of Rahu, Mars, Saturn, Mercury, and Moon. Geo-political situation may be cause of concern in coming period. Especially US and China are again looking for some new tussle. Transit of planets are not giving comfort to such issues. It is also fact that Rahu is close to change its sign in the third week of September 2020, which may clear ways for the solution to COVID.

US election is ahead, which is another point of concern for global market.

Now, point is that market is still in the mode of consolidation, and during the day, opportunities at dips. Market may try to give sudden moves, sudden sharp up move (this will not be surprising for me).

Patient with use of brain will be better for purchase. Only in correction or dip will be better. Area wise lockdown is also increasing in India, consider this also before going for long. This affects purchasing of goods. But IT, communication, media, FMCG, logistics, Pharmaceuticals, and many more segments will be properly active. This gives another + to e-commerce and e-payment system.

Laboratories, analytical and gold with silver are active, this indicates an alert for stock market. Normally, when share market is sharp, in such condition gold will be calm. Here, gold is aggressive, hence, I am bit on alert.

Areas for active moves will be automobile, automobile (heavy), tyre, batteries, electronics, Kitchen and related segments, communication instruments, textiles, leather, sugar, cotton, rubber, tea, dairy products, alcohol, spirit, non-traditional or unknown segments / equities may give surprise.

Trade with cool mind. Buy on dip with decent companies.

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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