Daily Forecast – Share Market – July 1st, 2022

Market may show Volatility and trade within Range

Saturn (Rx) with Mars is leading the day, well supported by Sun, Moon, Rahu, Ketu and Jupiter. Today again market may try to be within range. Ups and downs are possible. Crude is within control, possibly due to Russia’s production. Currency is also under pressure. Energy issues are again hurting production costs of the industries.

I do not see any strong rise of the market immediately. Retrograde Saturn is indicating reversal moves in karma. Remember 1991, when economy was under pressure of India, Saturn was transiting in Capricorn, Government learnt lessons from past and changed the economic system, FM of that period Mr. Manmohan Singh gave another direction.

If we will work out properly, after July 2022 to January 2023, then economic system may show next level recovery. Vision and action of the nation will be important for the same. It needs direction and action accordingly.

Be ready for volatility in the market for the coming period. Fear of Recession is important. Which may affect energy for the time being. Consumption in the market may go down. Recession may be of medium level or bit deep. Globe will pay the cost of REASONS of COVID 19 and ego clashes of Geo-political leaders.

Areas like IT, communication, entertainment, logistics, dairy, natural gas, banks may show some better moves, automobile and power with gas (petro and chemical), sugar, textiles with leather, cotton, electronic equipment, Leaf and seeds based segments like Tea and coffee, rubber, F&B segments, e-commerce etc. with others may show movements. Remember movements may be on either side.

But period for banks, IT, communication and related areas with Logistics may be bit better.

Nifty may show Volatility and within range.

Indian Currency

Indian Rupee may trade in between 77.50 to 78.30 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.