Nifty Prediction : Nifty may show (+) 100 points (possibly) | Strict stoploss (-)50 points Nifty
Daily Forecast – Share Market – July 22nd, 2021
Nifty may show (+) 100 points (possibly) | Strict stoploss (-)50 points Nifty
Ketu with Saturn and Moon is leading the day, well supported by Mars and Jupiter. Importantly, two retrograde planets are involved during the day, but strength of Ketu can not be ignored. Indications are for the better chances of buying from lower levels and market may try to show some positive moves during the day.
Look for Opportunities at lower levels, market is ready for buying from lower levels. Weekly expiry may be with some positive mood/emotions. Possibly 50-100 points positive can be seen in Nifty.
Foreign cues, FIIs or other issues may also be activating the market during the day. Keep a watch on news from government or agency. Banks may also show some movements. Point of concern will be crude oil and currency.
For India, IT, defence, and Pharmacy can be next sectors for earning foreign revenues in coming period. IT is strong because of digitalization process of many companies after this Lockdown process. Communication is another sector, which has worked seriously during the Lockdown and gave strength to the work from home system and gave indications that for future also, this sector is important. Only point of concern can be policies of nation which may hurt to some of companies and may give additional advantage to some company.
Similarly, defence is next area where focus for earning foreign revenue can be seen – especially after 3-4 years. Pharmacy has already gain advantage for the period of Pandemic. E-commerce related companies – including digital payment system.
Logistics, IT, communication, banks and financial institutions, communication, renewable energy, green energy or likewise companies, leather, textiles, sugar, FMCG, pesticides, communication instruments, financial institutions, brokerage houses, exchange platform, chemicals, rubber, bio-tech related, pathology laboratories, Organic products, container related areas and logistics – which may lead to automobile and automobile tyres, paints + cement etc.
Trade with strict stop-loss of at least (-)50 points for Nifty. Buying from lower levels till (+)100 points of Nifty
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