Nifty Prediction : Profit bookings possible | Buying at lower levels better
Daily Forecast – Share Market – July 26th, 2021
Profit bookings possible | Buying at lower levels better
Saturn, Moon, Ketu with Mars are leading the day, well supported by Jupiter and Rahu. Foreign cues may be giving some indications, but Profit bookings on upper levels and buying from lower levels will be interesting.
Opening may give opportunities to buy at lower levels and allow market to settle down.
Crude may be showing some pressure on its prices. US share market in previous week has touched high levels.
Cause of concern for the market in coming days may be impact of Pandemic and inflation, unemployment etc. I agree that market is rising and touching upper levels, cash flow in the market is decent, VXI is also good. But, real growth of economy of nation and global market is under pressure.
Banks, IT, pharmacy, e-commerce and logistics with communication, petroleum etc. have provided boost to the market and still holding levels. Defence is also playing an important role for the share market, whereas in comparison to 2016 before November, currently, industries are not strong enough to provide jobs etc. But yes, after Last years lockdown, market growth (in general) is improving but lacking pace due to unemployment etc. Shop keepers and likewise small traders and many more have lost their pace of income. These are negative for the share market in the long term, but (SATTA WISE) market (share) is holding levels.
Globally, applications based businesses are growing fast, reasons is speed of internet data is improving. Which is giving advantage to the communication industry and communication instruments etc.
Keep a watch on banks, small caps, IT, petroleum marketing, electrical appliances, and many mor segments with textiles, leather, defence, FMCG, chemicals, power, pharmacy, pathology laboratories etc. may remain better for the coming period.
Buy at lower levels.
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.
Categories: Share Market