Daily Forecast – Share Market – July 14th, 2022

Nifty may Breach 15900 | Buying from lower possible

Stop-loss essential on either side

Jupiter with Mars is leading the day, well supported by Sun, Saturn (Rx), Ketu and Venus. Foreign cues may not be supportive. Main issue will be inflation with unemployment, which may affect the productivity in the coming period also. Leading towards partial or major recession.

Pressure is also possible on upper levels. Possibly, nifty may look to breach 15900 levels. Buying from lower may be possible. Stop-loss important on either side.

Few nations are already facing extreme issues. Situation after COVID and Ukraine and Russia crises – leading to inflation, energy and food crises along with other financial issues.

Currency is losing its levels and looking for INR 80 against USD.

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 to breach 15900. Remember buying from lower is also possible. Stop-loss on either side essential.

Indian Currency

Indian Rupee may trade in between 79.20 to 80.00 per USD.

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