Daily Forecast – Share Market – July 3rd, 2023

Gap-up opening possible | Buy on dips | Nifty may try for 19300

Rahu, Ketu with Venus are leading the day, well supported by Mercury which is moving very fast. Remember lord of banks is well placed in own house and sign, also supporting house of share market.

Global cues may also be effective on our market. Or may be bit supportive. Local market may show rise in the levels of Nifty and Sensex. Monsoon is also supportive, for the time being. We may see again gap up opening is also possible. Nifty is preparing for 19500 – it looks so. Nifty may show again gain of around 0.75% or so. Nifty may try for 19300 or so.

Buy on dips.

Now, time of IT segment may be starting after a long pressure in the segment. As mentioned earlier that look for opportunities in IT sector.

Political Utha-Patak looks like supportive for a while. INR may show weakness against USD, whereas crude oil may maintain again around 75 USD.

Areas like IT is preparing for movements after a long profit bookings or dip, banks, financial institutions, automobile, alcohol, non-traditional segments, green energy, FMCG, fashion, automobile tyres, communication instruments, base of electronics products, shipping and aviation navigating system, radar and space related segments, entertainment, agriculture, agriculture produces, and many more may remain active because of emotions of the market.

Nifty may try for 19300, sensex and Nifty may open with gap up. Buy on dips. Gold may see some pressure.

Indian Currency

Indian Rupee may trade in between 81.90 to 82.60 per USD.

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