Daily Forecast – Share Market – July 16th, 2021

Nifty gearing for 16000 levels | Emotions Positive | Sudden movements possible

Moon with Rahu and Mercury is leading the day, well supported by retrograde Jupiter + Saturn. Previous working day has formed the base for the coming levels of Nifty 16000 shortly. Emotions are better than previous week, but global cues, are affected due to Pandemic impacts or fear of return of COVID again in around 111 countries. But point of concern is for COVID 19.

It is a saying that virus acts faster than our movements for safety guards and remedies.

It is fact that even in the period of Pandemic, entire system was based on communication, wi-fi, IT, e-commerce, e-payment/wallet/UPI, casual readymade garments, FMCG, Logistics, dairy and packed food, ready to cook products, along with bicycle (sports category), agriculture related automobile, banks, financial institutions, Pharmacy, health related products including sanitizers, sugar, by-products from sugar, alcohol, Glycol etc. defence, space, Pathology based laboratories, health-care electronic products, communication instruments and many more likewise segments were totally active.

Such segments have guided our market to pick despite of sharp suffering due to Pandemic (repeated), loss of job and loss of earnings, inflation etc.

Still market is open to touch 16000 of Nifty. I am positive for the same as mentioned in my earlier posts.

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.