Daily Forecast – Share Market – July 23rd, 2021

Nifty may look positive | Stop-loss (-100) Imp. | Buy on dip

Saturn (Rx), Moon with Ketu leads the day, well supported by Jupiter (Rx), Mars and Venus. Indications are that impact of foreign cues can be seen clearly at the same time local issues may be able to influence the market.

Keep a watch on decision from Judiciary, communication etc. Petroleum marketing industry may be interesting to watch.

I believe that market is still capable of doing better, may be bit slow, but may be in a position to trade with positive intentions. Keep a watch on small caps and others. Importantly cashflow in the market is visible, that means emotions are better. That means on every dip opportunity for buying will be better. Nifty may look for another 50-75 points level or may also look for +100 points in Nifty. Keep a watch on banks, before going for long in banks, trade wisely.

IT, banks, financial institutions, alcohol based segments, pathology labs, health care, Pharmacy, look for opportunities in communication instruments, silk, textiles, defence, export related, FMCG, steel, cement, logistics, rubber, dairy, leather, paper, FMCG and many more may be looking better.

Keep a watch on insurance and related segments.

Enjoy the day and look for opportunities in good equities.

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.