Daily Forecast – Share Market – July 1st, 2021

Nifty may trade within range (15675 to 15825) | Enjoy Expiry

Saturn (retrograde), Rahu and Moon are leading the day, well supported by Mercury + Mars. Situation for the market is almost same from past 4 days (planetary), That is why market is following almost same pattern of past three day. Initially, rising and then profit booking, but within short movement.

Crude and currency are maintaining their levels. Normally, this pattern of market for shares, is developed when market is going for consolidation. It is an indication for further movements for upper levels in coming period. Or in simple language, market is preparing for new levels.

Retrograde plants are playing their role on daily basis, giving some reversal moves for the gains. Lord of the banks and share market will be moving in own sign on 07-07-2021, so after this period market may behave better.

Nifty may trade within range of 15675 to 15825. Keep watch for the weekly expiry.

IT, dairy, leaf-based like tea, rubber etc. coffee, dairy, sugar, automobile, automobile tyres, agriculture, power, infrastructure, chemicals, drugs, health-care sectors, electronic and electricals, Pharmaceuticals, communication, small caps, mid-caps etc. may remain better.

Market looks tired for certain reasons, probably, running in past period without any proper direction.

Foreign cues may not be much supportive, same is with financial institutions at least for next Wednesday (I wish my observations proves wrong). Crude is directly affecting our economy during this period of Pandemic.

Nifty may remain in range of 150 points.

Indian Currency

Indian Rupee may trade in between 73.80 to 74.60 per USD.

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