Daily Forecast – Share Market – July 27th, 2020

Watch for Opportunities Calmly | Foreign cues/FIIs important

Mars is leading the day with Rahu, Ketu, Sun, Jupiter (Rx), Saturn (Rx), Venus, and Mercury. Day may have influence of geo-political or foreign cues. Watch with respect to Geo-political and foreign issues/cues for the market, at least till first two hours. It will be better to keep a watch on FIIs also.

Lord of the share market is in its own sign and lord of banks/financial also enjoying same advantage. Indicating that this may protect own lords. But still, better to wait and watch for banking and financial institutions.

Market may show some better day or may try to look for levels of 11200 or so. Again, it will be better to look for a dip in the market for good equities, move accordingly or better to say buy on dip. Gold on rise, currency is holding own levels.

Impact of quarterly results can be seen on the market. Banks, IT, media, laboratories, health-care, FMCG, e-commerce were performing. Hospitals might have suffered initially due to perfect lockdown, for which losses were recovered with JUBURDAST billings of COVID cases in Private hospitals.

Keep a watch on Banks. Opportunities are possible in good banks.

Watch wisely on metals, cement etc. Automobile may be affected due to quarterly results.

Watch with care even in positive opening, look for opportunities (Not in hasty way) calmly.

Indian Currency

Indian Rupee may trade in between 74.30 to 75.20 per USD.

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