Daily Forecast – Share Market – July 2nd, 2021

Wait and watch better | Traders – Protect unnecessary charges etc.

Mercury, Moon, Saturn and Rahu are holding the key for the day, well supported by Mars. Global cues may remain better, local issues may be bit different, even then possibly, market may try to hold this slow and gradual downfall from past 4 days. Currently, planetary position within India is not supporting for monsoon or rain. We may see some betterment from or after a week, when planetary position will show some changes.

Keep a watch on banks in coming days, crude is still rising, but news based impact can be seen in coming period also. This crude rise is spoiling economical situation of the nation or nationals (especially middle class), many four wheelers are grounded from past one and half years. Middle class employees are not in a position to move on car/four wheelers.

We must keep a watch on mid-forties middle class unemployed nationals (which is a big number). Which can be bit tough for them.

This period is not for better earning (for traders), only investments for good companies can avail opportunities. Small movements can not give comfortable gains to traders. So, it will be better to trade with care (casual traders – Protect your funds).

Nifty is still in the range of 15620 to 15920.

Movements in IT, communication, logistics/transport, entertainment based on internet or DTH, HCV, LCV tyres may be doing better, this may be due to logistics and steps by government, power, infrastructure, leather, textiles, paper, chemicals, pharmaceuticals, petroleum exploration, bio-tech based segments, laboratories (healthcare), Keep a watch on financial institutes (I am not expecting much).

Planets are almost like previous working days, only change is strength of lord of share market, so market is still behave in slow moving moods. Trade accordingly, wait and watch for the trade. Investors can also wait.

Indian Currency

Indian Rupee may trade in between 74.20 to 75.00 per USD.

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