Daily Forecast – Share Market – July 6th, 2021

Nifty may show better at closing | Look for Opportunities at lower

Moon with Mercury leads the day, well supported by Mars, Rahu, Sun, Jupiter (Rx) and Saturn (Rx). Directly seven planets are active and indirectly entire horoscope is active. Indications are that market may try to consolidate the levels. Foreign cues may give their impact on the market.

This consolidation means, market is forming a base to jump at any moment to cross for new levels. Crude oil is rising. This may disturb emotions of Indian business/industrial system, reason – rising in energy prices.

Market may give buying opportunities, or better to say buy on dips (with a dip within 100 points of nifty).

Global markets and cues are helpful, other planets may also give momentum for entire horoscope of India. Hence, I am bit hopeful.

Areas like tea, coffee, IT, logistics, aviation, railways, web based entertainment, e-commerce based areas, banks, financial institutions, insurance, research and development (for long term), pathology labs, defence, space, food related segments, agro-based, sugar, alcohol, and other by-products of sugar, and many more segments may be doing or supporting the market during the day, so that by the  end of market, traders may have some sign of relief for closing at better levels.

Trade with positive mood.

Indian Currency

Indian Rupee may trade in between 73.90 to 74.70 per USD.

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