Daily Forecast – Share Market – July 5th, 2022

Buy on dip/sell on rise | Watch n Move | No long term

Mars is leading the day, well supported by Sun, Moon, Rahu, Jupiter, Ketu, Venus and Saturn (Rx). Importance of foreign, export and import related issues will be seen during the day. Other planets are indicating bit better day. But Volatility is also important for the period.

Nifty may try to look for 15900, but important point is – will Nifty be able to hold the levels.

Currency is under pressure because USD is strengthening its position. Virtual currency is also bit tricky. Keep a watch on Banks and IT.

All the five parameters of Global economic recession are clicked, fear and political issues may play important role for the issue. Planetary position wise Saturn is in alarming position, Rahu and Mars are indicating for increasing fear (globally). Ukraine Russia war is still continued, impacting crude oil, energy, and food crises.

Keep a watch closely after 10:30 Hrs (IST), local and global news/sentiments. US may give some news related to China and others.

Crude is also important.

Watch FMCG

Keep a watch on petroleum exploration, oil marketing companies, IT, banks and chemicals, with automobile, defence, power, logistics, energy related – including renewable, solar energy, metals – keep a watch, automobile tyres, pathology laboratory, electronic and electricals, cotton, communication and entertainment instruments etc. EVs related segments may remain active.

Trade with care, buy on dip and sell on rise (as and when required). Nifty may try for 15800, but suspicious.

Indian Currency

Indian Rupee may trade in between 78.40 to 79.20 per USD.

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