Daily Forecast – Share Market – July 31st, 2020

Volatile market | Wait for breach of levels or breaking levels

Ketu with Mars is leading the day, well supported by Jupiter, Saturn, Sun, Venus and Mercury. Geo-business situation and other issues linked with COVID and its impact are now playing role. Facts are coming to the knowledge; market is reacting to that (globally). Venus is close to change its house and sign. Mercury is also close to change its sign and house. Moon is with Jupiter, and in Rahu Ketu axis. All the planets are active directly or indirectly. Ketu is indicating that sudden sharp move on either side.

Indicating that wait for the levels of technical and fundamental levels. Results may drive the banks and other areas. Patience is key. In case levels breaches – may give sudden fall. In simple way, I can say Volatility.

Chances for the local market – possibility of recovery from lower levels, this market has got the advantage of IT, communication (broadband), RIL, with e-commerce related areas. Since, important planets are coming out of their own house and sign, so, I am not positive for great run. Indications from US or US government is different. Election year – hence important.

Laws are also changing for cash traders related Margin etc. which may also give some impact to the market – Governments support will also be in different way. Criticism of government may not be surprising because lord of the leader of the Cabinet is in the axis of Rahu and Ketu.

Textiles, leather, Pharmaceuticals, IT, entertainment (OTT) and otherwise also, because from tomorrow unlock down 3 will begin in various parts of nation.

Wait for good opportunities only at lower levels for good equities. Electronic defence related segments may again remain better – possibly PSUs, Power, IT, automobile tyres may also give an opportunity for Intraday.

Trade with strict stop-loss.

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.