Nifty Prediction : Nifty may look for 15825 | Stop-loss for -100 point | Casual traders careful

Daily Forecast – Share Market – July 28th, 2021

Nifty may look for 15825 | Stop-loss for -100 point | Casual traders careful

Saturn (Rx), Ketu, and Moon are leading the day, with support of Mars and Jupiter (Rx). Foreign cues may be mixed for the period, which may give impact on the market. I will prefer to watch movements of FIIs. Banks may show some weakness due to their working and results in previous quarter.

Nifty may again show some mixed performance. Jupiter and Mars are exchanging aspect with Venus, which may give movements in either side as it was sudden on previous working day. Any news from foreign market may give its impact on our market. Since, market is not getting sufficient support from local segments and consumption theory, so we must be watchful for foreign cues/news mainly.

We may show some positive or close to positive touch at the time of opening. Keep a close watch on various movements.

Casual traders, trade is not essential on daily basis. Better to wait and watch, let the market settle down and set the direction.

Pharmacy, IT, communication, Agriculture, textiles, leather, dairy, leaf based, e-commerce related, chemicals, Petroleum, petroleum based segments, and many more areas may remain active.

I will prefer to trade only if necessary or after watching the direction of the market. Stop-loss on lower side for -100 points will be better. Chances of Nifty may again look for 15825.

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.

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