Nifty Prediction : Nifty looking for Opportunities | Company based day | Shant emotions good
Daily Forecast – Share Market – July 30th, 2020
Nifty looking for Opportunities | Company based day | Shant emotions good
Mars and Mercury are leading the day, with support of Sun, Venus, Ketu, Jupiter (Rx) and Saturn (Rx). Indications are that impact of local issues including results of first quarter (lockdown influenced), and impact of virus can be seen. Keep a watch on foreign cues also. Results of company(s) may give some impact during the day.
Again, we may see another Mix day for the business purpose. Impact of expiry can also be seen during the day. I agree that lord of banks and share market is influential but heading for the last degrees with speed. Indications for cautious market.
Race for the COVID19 medicine is running. This may give impact on the Pharmaceutical areas.
Still, seven planets are directly involved. This means, above 75% of segments may remain active in either of the direction.
Technical, engineering, electrical and electronics, communication (another area fully active during lockdown period) and they have saved their money on reducing or avoiding salaries of customer care areas. Their Broadband had workload and demand extraordinarily. They might have missed corporate business partially (temporary), but demand in retail area had boomed for long term.
I will be looking for the opportunities after this a sort of consolidation, opportunities at lower levels and selling from DIIs and FIIs (Institutional sales).
Day may teach us – Patience is good for certain day or period or reason. Keep your patience and look for opportunities after some time. Defence – areas in electronics and electrical like radar or likewise segments may give boost in coming areas. Also, period for space linked areas may remain interesting in coming period. Look for opportunities in IT, banks and agriculture related automobile, and other areas of agriculture based areas.
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.
Categories: Share Market