Nifty Prediction : Opening of market Possibly positive | Nifty may look for 15750 +

Daily Forecast – Share Market – July 12th, 2021

Opening of market Possibly positive | Nifty may look for 15750 +

Mercury in own house and sign with Moon is leading the day, with support of retrograde Jupiter, retrograde Saturn, Mars and Rahu. Indications from the base is that market may try to recover from lower levels and may look for advancement. Only concern is retrograde movement of two heavy and very important planets Jupiter and Saturn, they are not allowing a clear move for 16000 or holding the levels of 15950 for Nifty.

Importantly, Venus is winning in planetary war with Mars on date, which may be better for the impact of local issues. Keep a watch on financial institutions.

Foreign cues will also be important. Last fortnight for Pandemic was comparatively better than the previous months, but again indications for the issues related to Pandemic in coming period seen. But market is again surviving from March 24th, 2020.

Issues related to Farmers are important, but at the same time middle class is trapped in a big way. Many of them have no funds to manage their livelihood because of loss of job/pandemic and others like increasing cost of living, + they are supposed to bear tax also.

I am still hopeful for IT, communication, logistics, leaf-based, edible products, dairy, companies involved with wifi, DTH, and Binge, may be doing better business, metals raw -ore related companies, exports, defence, railways and aviation related areas needs a focus, chemicals, keep a watch on textiles, sugar, alcohol and other by-products of sugar/sugarcane etc.

Pharmacy, health care related, and many more areas are point of attraction.

Remember, market needs customers from middle class for regular flow, and certainty of opening of market. Fortunately, e-commerce was a big support for the entire business setup, but workers, middle and small shop-keepers had/are suffering a lot.

Nifty may try to look for 15750 or so and also plan for 15800. Allow market to settle down at the opening session.

Indian Currency

Indian Rupee may trade in between 74.00 to 74.90 per USD.

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

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