Daily Forecast – Share Market – July 6th, 2023

Consolidation or Sell on upper levels possible | Banks also sell on ups

Rahu with Ketu is again leading the day and will be leading in coming period also, with Mars, Jupiter, Mercury and Venus. Impact of foreign cues will be important for our market. Yesterday again, our Nifty closing was in Positive zone.

US and China news related to economy may give some impact on global market in coming days, this can be news like trades/economy/Political etc.

Sell on upper levels also possible. Market is also looking for some rest or consolidation after a runup of 7 days. 7th day, because of closing of Nifty in Positive zone. Global support is weak, keep a watch on FIIs and banks. Sell on rise or on upper levels possible.

Rahu and Ketu are indicating that Nifty may look for 19500 or plan for 19500. Consolidation till 19275 will not be surprising. Banks may also show some profit bookings.

Planets are in positive zone, but foreign cues are indicating for profit booking on upper levels or better word is consolidation.

Many areas may remain active during the day. Keep a watch on Mid-caps and small caps also.

Crude may maintain levels around 75-76 USD, INR is around 82 against USD or may be under pressure.

Nifty may show some sell on upper levels, Stop loss of -125 of Nifty will be better.

Indian Currency

Indian Rupee may trade in between 81.80 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.