Daily Forecast – Share Market – July 15th, 2022

Nifty may trade within 15850 to 16000 | If breaches 15850 then …

Lord of banks and share market is heading for total combustion. Jupiter with Mars leads the day, well supported by Saturn (Rx), Venus, Ketu and Moon. I believe that impact of the foreign markets/cues will be seen during the day, because lord of share market and banks will not be supportive despite of sitting in own sign. This is also a fact that possibly, banks may hold their levels.

But due to no support from banks and share market lords. Other planets are supportive, indicates that Nifty may try to show some buying from lower, and chances of fall from upper possible. Whereas results from various companies may try to support accordingly.

Or market may trade within range. Impact of falling currency is important. Crude is also falling for a while, due to political and other reasons.

Today is last day for weekend.

Areas for the interest will be IT, defence, power, energy, metals, cotton, textiles, sugar, FMCG, electronic devices, communication instruments, chemicals, drugs, rubber, dairy, logistics, automobile tyres, fashion related, storage containers/tanks etc. and many more may show some activities. Keep a watch on banks and financial institutions with insurance.

Nifty may trade within range. Nifty may try to look for 16000 and on the lower side try to hold the levels of 15850. In case breaches 15850 then negative trend may increase.

Indian Currency

Indian Rupee may trade in between 79.50 to 80.40 per USD.

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