Nifty Prediction : Nifty may try to hold levels | Buy on dip better
Daily Forecast – Share Market – July 14th, 2021
Nifty may try to hold levels | Buy on dip better
Moon, Mercury with Rahu is holding the key for the day, well supported by Saturn (Rx), Jupiter (Rx) and Venus (defeated in planetary war with Mars). Rahu is indicating impact from the foreign cues can be possible. Lord of the horoscope of India (lord of cabinet) is defeated with Mars (neech). Jupiter is representing house of share market in dashmansha chart of India’s horoscope, so retrograde Jupiter is time to time forcing market to come back to previous levels, same story may be possible on date also.
Nifty may try to hold levels, but consolidation or Profit bookings on upper levels quite possible. Or we can say that market is bit tired and trying to hold breath and then move forward. Crude is rising despite of Pandemic threats (globally).
Trend of the market will guide after 28 days from now.
Current planetary position is again indicating buy on dip. But for long term, one can plan, texture of the market is not changed.
Keep a watch on banks and Financial Institutes/FIIs/DIIs etc.
Overall situation (planetary) is decent.
Banks, financial institution, electrical goods, defence, IT, communication and dairy based segments etc. Automobile, automobile tyres, especially for new segments in automobile like EVs. Chemicals, fertilizer, Paper, textiles, FMCG, logistics, e-commerce, and many more segments are ready to behave with positive mood.
Nifty may try to hold levels, but weakness will not be surprising.
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.
Categories: Share Market