Daily Forecast – Share Market – July 27th, 2022

Range bound of Nifty 16350 to 16550 | Sudden moves possible

It’s a penultimate day of monthly expiry day. Importantly Jupiter, Venus and Saturn are leading the day, well supported by Mars, Mercury and Rahu. Global traders are believing in wait and watch theory, because of Federal reserve news from US in the evening hours of IST.

Market may trade with care, because of concerns from Rahu, which may give little bit of volatility and sudden moves, as it was previous working day. Whereas other planets are supportive. Now Jupiter is moving slowly and slowly, heading for retrograde position in coming period.

Results of various big companies may affect the market. Alcohol, spirit and many more related areas may remain supportive. FMCG, events and other issues may be influencing the market.

I believe that market may show again volatility in the range of 16550 on the upper side and may hold 16400 of Nifty.

Areas like Power, IT, footwear, leather, textiles, alcohol, spirit, chemicals, sugar, FMCG, steel, health-care, laboratory for health care, defence, electrical and electronics, food and cement, automobile tyres, close to chest equities like MRF, Oil and gas, containers and many more may remain active, mainly due to results of various companies will be important.

Nifty may trade within the range of 16400 to 16550. Surprise movement possible.

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.