Nifty Prediction : Market may open with shaky mood | Allow market to settle
Daily Forecast – Share Market – July 7th, 2021
Market may open with shaky mood | Allow market to settle
Moon with Mercury is leading the day, well supported by Mars, Rahu, Saturn (Rx) and Jupiter (Rx). Interestingly, at the early hours Venus and Saturn will be transiting at the same degrees, minutes and seconds, indicating strong bond in between them, secondly, this Venus is exchanging aspect with Saturn also. Mars is debilitated, indicating that impact of foreign cues can be seen time to time in the period. But we must watch carefully – segments related to defence, including companies at lower levels now, but involved with defence sectors, can give advantage in coming period.
Time for non-traditional segments, because Rahu is active in lagna of the horoscope. At the time of opening of market Rahu and Moon are transiting close to their degrees, so, probably some confusions/pressure at the beginning of market are possible, it will be better to allow the market to settle down and then move. Changes after 12 noon is also possible. Keep a watch on government news for the collection of taxes etc. This will be important. GST or other tax collection related details are already mentioned in my earlier posts (middle class is suffering – loss of jobs, pay cut, delayed salaries and higher payments for daily needs).
Importantly IndiaVIX is close to 12-13, which is indicating positive for the market (currently). Global cues may not be supportive. Also keep a watch on central government movements, which may give impact in coming period. If it will be for Rajdharm, then will be good (retrograde transit of planet for Justice).
Period for infrastructure, automobile, automobile tyres, logistics, IT, communication, web-related areas, dairy, leaf-based, coffee, companies involved in electrical goods, some downwards going electrical company may indicates positive moves in coming period. I will prefer to look for Opportunities in banks and also keep a watch on banks at least for next 20-25 days.
Almost all the segments are active, including communication instruments, Pharmaceuticals, equipment, laboratories, power and many more may remain active. Movements in the market will be seen, direction is irrespective. Sugar and by-products are important.
Market emotions are positive, opportunities at lower levels can be availed.
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.
Categories: Share Market