Nifty Prediction : Is Nifty Preparing for 17000 ? Positive moves expected

Daily Forecast – Share Market – July 28th, 2022

Is Nifty Preparing for 17000 ? Positive moves expected

Saturn retrograde with Venus leads the day, well supported by Mars, Rahu, Jupiter and Mercury. Importantly, Jupiter is transiting with most slow speed for us, because early morning of tomorrow will start transiting retrograde. We may see some interesting movements of crude oil prices. Market may respond accordingly in coming period.

US Federal reserve news is strong for the period. Point of concern is China’s position. Internal position according to planetary position may be bit different.

Is Nifty preparing for 17000 points level? Despite of other ground issues (globally and local), due to current planetary position, Nifty may try for 17000 points. Issues may develop in many nations due to internal mismanagement, corruption and others, each and every nation must look into the matter, so that next 30 years may not be hurt their growth and prosperity.

Quarterly and global scenario may be giving positive moves. Company wise trading will be better. Travel related segments will be important to watch.

Crude and related areas may be better, with automobile, green energy, solar energy, or better to say energy (non-traditional), non-traditional companies, automobile tyres, EVs, education, banks, financial institutions, power, chemicals, leather, FMCG, luggage containers, paper, textiles, sugar, alcohol, spirit, defence, export, IT, communication and many more may remain active with insurance, research and health related pathology laboratory etc.

Nifty may look for upper levels, possibly preparing for 17000, but it will be interesting to see if prepared to touch 17000 in coming period or slip due to some big bulls or unknown reasons.

Indian Currency

Indian Rupee may trade in between 79.40 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.

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