Daily Forecast – Share Market – July 4th, 2022

Mixed day possible | Sentiments shaky | Banks – keep a watch

Mars is leading the day, well supported by Sun, Moon, Rahu, Ketu, Jupiter, Venus and Saturn (Rx). Foreign cues may be important for the day, but majority of the planets are active, indirectly all the planets are active and influencing the market. Lord of lagna is also active. I agree that market as a strength or sentiments wise is not strong. But today, due to some or other reasons, we may see some movement, but pressure or trimming is also possible.

Economy of US and other nations, including ours is not rising or better to say that demand is slowing down, which may be done to check the inflation. China’s situation may have some internal issues, which may again a cause of concern. If we see in depth – China has invested in many nations as finance and otherwise, but many of them are now defaulter, which is affecting China.

Nifty may show some pressure or trimming on upper levels. Now, we are thinking about the lower side strong support, we must see that leading company of Nifty. Their strength or movements will be important. Crude is still under control in comparison to the previous days.

It will be better to wait and then move for buy – but for small levels. Lord of banks is in own sign, so chances for banks may improve in coming days, although this lord will move in the shadow of Sun. But remember will support own house.

Movements in automobile, metals, defence, banks, chemicals, batteries, alcohol, power, coal, energy, and many more may be shaky. We cannot ignore IT, because of strengthening of USD or in other terms weakening of INR, automobile tyres, paints and likewise segments, sugar, by-products of sugar, and many more may show movements with cement etc.

Sentiments of the market may remain weak despite of Mix movements.

Indian Currency

Indian Rupee may trade in between 78.50 to 79.30 per USD.

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