Daily Forecast – Share Market – July 29th, 2021

Mixed day not surprising | Nifty may trade in range (15625 to 15800)

Saturn (Rx) with Moon is leading the day, well supported by Mars, Ketu, Venus and Mercury. On previous working day, market has improved a lot from the lower levels, even then it was short of previous closing levels, hence closed in negative direction, although improvement from lower was wonderful.

Today, again foreign cues will be important, FIIs may be playing important role. Banks and financial institutions may try to support the levels. Keep a close watch on global news and foreign cues from various markets (important wale).

Mixed day will not be surprising.

Market has sufficient cashflow in the market, it is also fact that due to some planetary position UTHA-PATAK is seen in last few working days, despite of positive emotions. Nifty may try to hold levels of 15625 and may remain in the range of 15800.

Spirit, alcohol, sugar based segments like ethanol and many more may be doing better. But closing side of the market may show different mood of market. Keep a watch on IT, communication, logistics, e-commerce, fast-food or food chain or food delivery chain may be again in better emotions, automobile tyres, automobile LCVs and HCVs (better than car or likewise segments), automobile ancillary, with chemicals, FMCG, steel related segments, engineering and electronics and electrical with various space related segments including defence, power and many more segments are in better mood and emotions.

Pharmacy is still looking for some booster, laboratories and non-traditional segments, communication instruments, and many with textiles, agriculture + Petroleum marketing companies may be looking for betterment.

Keep a watch in later part of the day.

Nifty may remain within the range of (-) 100 points to +75 points. Trade with care.

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.