Nifty Prediction : Foreign cues tough | Sell on upper buying from lower
Daily Forecast – Share Market – July 25th, 2022
Foreign cues tough | Sell on upper buying from lower
Saturn (Retrograde), Mars and Venus are leading the day, well supported by Mercury, Rahu and Jupiter which is heading towards retrograde position, hence slowing down the speed. Global cues are important for the day along with the local performances of the previous quarter. Crude is also indicating some stable moves for the time being.
Remember, China is not indicating positive according to their horoscope, indications from US are also not strong for the day. I feel that impact on crude in coming period and otherwise market may show some impact of such issues.
Recession from China – may be because of their internal and financial issues may be seen in coming period. Possibly their policy to earn place in various countries and earn more from such nations, might have back fired during the period of COVID and corruption of such countries (better to say their internal issues). Resulting drop of production, financial crunch and use of power on public may hurt their system after 3-4 months.
Japan is also show pressure on the market. Hence Nifty may show some pressure, but buying from lower. Global cues are not comfortable. Dependency on local company’s results will be important for the recovery from lower.
Buying from lower is also possible depending on results from the companies and specific recovery.
Areas like automobile, power, energy, Banks, financial institutions, insurance, pharmaceuticals, health-care, cement, paints, automobile tyres, metals (may face some pressure – especially precious metals), chemicals, rubber, oil exploration, IT may show mixed but still better, steel, and many more may be showing movements with logistics and many more.
Nifty may show profit booking from upper and buying from lower. International market may force for watchful trading. Results may play important role in the monthly expiry.
Indian Rupee may trade in between 79.30 to 80.10 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market