Nifty Prediction : Confidence better | Nifty may look for 17100

Daily Forecast – Share Market – July 29th, 2022

Confidence better | Nifty may look for 17100

Saturn (Rx) with Venus leads the day, well supported by Rahu, Mars, Jupiter (Rx) and Mercury. Importantly, Jupiter has started transiting in retrograde direction. This may influence crude oil prices and related areas.

Indications from planetary position is strong and decent. Nifty will be crossing another point of satisfaction, possibly may show above 1% movements and look for 17100 of Nifty levels. Banks and financial institutions may be looking better, possibly INR may look for stabilize for a while.

It will be better to look for many segments. Including electrical and electronics. Keep a watch on company’s quarterly results. Keep a watch on Iron and steel as I am pointing out from past three days regarding the segment.

Steel, metals, automobile, automobile batteries, hotels and travels related, IT, communication, entertainment, power, cement, infrastructure, automobile tyres, FMCG, chemicals, insurance, healthcare, logistics, and alcohol, sugar, textiles, with leather etc. may remain active.

Nifty may look for 17100 or so. Positive trend indicated.

Indian Currency

Indian Rupee may trade in between 79.20 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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