Nifty Prediction : Pressure possible | Keep a watch on vibes | Sudden changes possible

Daily Forecast – Share Market – July 30th, 2021

Pressure possible | Keep a watch on vibes | Sudden changes possible

Saturn with Moon is leading the day, well supported by Ketu, Mars, Mercury and Venus. Lord of Share market, banks and financial institutions is heading for combustion, this lord is within one Navmansha distance from Sun, indicating that strength or capability for the day will be very weak. Impact of foreign cues, news from foreign lands or various issues (apart from share market) will be  important for the day.

Global cues may not be strong enough at the time of opening to give strength to the market. Again, opportunities for the coming days may be available at the better levels. Crude is on the rise. Keep a watch on e-commerce and related areas.

Market is trying to hold its levels, whereas other issues are trying to pull down. Situation is indicating that market may again remain range bound. It will be better to trade with strict stop-loss for 100 points on the lower side.

Engineering, metals, IT, communication, leaf based (Tea, coffee, rubber etc. including tobacco), dairy, textiles, silk, communication instruments (including routers etc.), automobile, laboratories, defence, export, leather, paper, fertilizer and agriculture related segments including automobile involved in agriculture etc., cotton etc.

Keep a close watch on renewable energy, non-traditional segments for the coming period.

Trade wisely. Book profit as and when required on either side.

Indian Currency

Indian Rupee may trade in between 73.80 to 74.50 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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