Nifty Prediction : Buying from lower and sell on rise | Nifty may look for 19450
Daily Forecast – Share Market – July 10th, 2023
Buying from lower and sell on rise | Nifty may look for 19450
Ketu is leading the day, well supported by Mars, Rahu, Saturn, Mercury and Venus. Indications are that buying from lower levels at anytime of the day is possible. Nifty may try to recover from lower and look for 19450 or so.
Although Global cues may try to pull back the intraday trading. Or sell on rise also possible because of global financial situation.
Many segments may remain active. Although foreign cues related to inflation may not sound comfortable or may take long time to come to normal situation. In India also, possibly inflation may go up according to the planetary positions.
Currency may move inches closer to 82.75 against USD. Crude may also show indications to look for 80 USD, global demand may again show pressure in coming time.
Results season for the companies may also be influencing the coming period. Our nation has moved in election mode, so inflation data and other data may have impact accordingly.
Banks, finances, automobile, metals (may remain interesting), spirit, alcohol, textiles, leather, sugar, Pharmaceuticals, electronics and electricals, EV batteries, EV, automobile tyres, logistics, IT (look for opportunities), fashion and FMCG with many more like travels related, travelling items, real estate related materials etc. many remain active during the day. Look for opportunities for a while.
Nifty may look for 19450. Buying from lower possible and pressure on upper levels may also be seen. Foreign cues affective.
Indian Rupee may trade in between 82.20 to 82.90 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market