Daily Forecast – Share Market – July 13th, 2022

Nifty may try for 16150 and hold 16000 | Wait for Opening hours

Jupiter, Mars with Venus are leading the day, well supported by Saturn (Rx) and Ketu. Importantly, Planetary position indicates that foreign cues with the local issues may be important for the day. It will be better to look in a better way than the previous working day. Fear of COVID globally is possible, which may hurt the demand of crude in coming period.

Crude is under control, which may be an encouraging news from the global market, but China and US are cause of concern along with local results for the first quarter.

It will be better to watch for first half an hour and then set the direction for hourly basis. Nifty may show volatility due to otherwise news from other markets also.

Crude is encouraging but currency is heart breaking. USD is strengthening its levels.

Nifty may try for 16150 and may give growth if news from foreign market will be better. Otherwise, market may show some pressure.

Areas like banks, IT, communication instruments, wi-fi related areas including instruments, paper, textiles, leather, automobile tyres, paints, other petroleum products, petroleum marketing companies, chemicals, metals, finance (watch), power, energy related segments including coal, defence, and education related segments may show action with other areas including pathology laboratories etc.

Currency is cause of concern, crude is better. Keep a watch on global market and news including China and US. Nifty may look for 16150 and try to hold the levels of 16000.

Indian Currency

Indian Rupee may trade in between 78.80 to 79.60 per USD.

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