Daily Forecast – Share Market – July 7th, 2022

Nifty may look for 16050 | Buy on dips and sell on rise (as n when required)

Moon with Jupiter is leading the day, well supported by Sun, Mars, Rahu, Saturn (Rx), and Ketu. Importantly Moon is forming good relationship with Jupiter, Mercury, and Sun. Indications are that crude and currency may be playing important role for the day. Currency is heading towards 80 INR per USD (it seems), whereas Crude is under pressure due to fear of economic recession.

I feel that market may try to look for 16050 of Nifty. But should not forget that it’s a day of weekly expiry, so many big traders may trade according to their own will, recover their money. News for edible oil is favourable for such oil companies.

Saturn is confirming that due to religious issues, racism issues, ego issues (all global) may create much trouble for the related areas and for global system. We may see political crises, aggression of common man, if any bloodshed (any part of the earth) will not be surprising. This will be because of human behaviour and Dand from Dandadhikari Shani (Punishment from the lord of Justice/Punishment or rewards).

Time has come to think out of the box to recover from all such issues. Emergency steps to work on new source of energies, otherwise after 2050 – again global crises will be very big. Few nations will try to control the economics of other nations, because energy hold will be key for them.

Nifty is trying to show positive movements for a while, I will prefer to sell on rise (as and when required). Global emotions and news from various economic boards of different nations. Global political crises are also important.

Anyways, on date buying from lower may continued but selling on upper levels will not be surprising. Government may try to see the levels of INR, so that should not slip more.

IT, petroleum, insurance, share market and exchange, power, metals, automobile, agriculture, sugar, alcohol, cotton, chemicals, automobile tyres, paints, cement, infrastructure, banks, financial institutions and related segments with synthetic fibre, defence, copper and many more may remain active with containers and water related segments.

Nifty may try for 16050 levels. Buy on dips with stop-loss. I may be ready for the sell on rise.

Indian Currency

Indian Rupee may trade in between 78.40 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.