Daily Forecast – Share Market – July 24th, 2020

Geo-Political important | Consolidation/Profit booking Possible

Sun with Mars is in lead, well supported by Ketu, Rahu, Saturn, Mercury, and Venus. As mentioned in previous post that geo-political situation will be important in coming period. Unemployment will be another cause of concern globally. Even then local market situation may be supportive. Market may try to hold levels. Banks may remain bit better with financial institutions.

Even then, market may try to hold levels of 11100 or so.

It is also fact that majority of the segments may remain active. Global political tension is on the rise. US and China are locking their horns or better to say, US is locking horns due to China’s activities.

Now, Indian government is trying to boost industrial movements for local companies, which may give bit better chances (if they can avail). Look opportunities for good companies and good banks only on dip.

Defence, leather, textiles, chemicals, FMCG, IT, entertainment, sugar, alcohol, spirit, Pharmaceuticals, carbon black, activities in automobile areas – including ancillaries, tyres etc.

Trade with strict stop-loss. Currency may try to hold levels, Gold may bit shining bit more. This indicates chances of dip in the share market.

Indian Currency

Indian Rupee may trade in between 74.20 to 75.10 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.