Daily Forecast – Share Market – July 12th, 2023

Nifty may look for 19500 | Watch news from Government/agencies

Ketu with Venus leads the day, well supported by Mars, Rahu, Jupiter and Saturn. Indications are still better for the market. Whereas possibility of impact from foreign market will be seen during the day. I agree that local advantages will be supporting the day. That means, market may show positive moves during the day.

Nifty may try for 19500 or so. Remember, due to some or other reasons, sell on upper levels may be seen. Tomorrow will be weekly expiry. Bulls are still positioning better.

Results will be playing important role during the day or in coming period.

Normally, Ketu gives better movements. But we can not ignore movements of various planets. Which may give impact of foreign cues and market. News from government or agencies may also give some impact on the market.

I feel that tomorrow, IT may give some better movement. Watch aviation with care. Energy in automobile industry can be seen including tyres, batteries etc. Watch infrastructure, reality and power – including related materials, finance houses, etc. Banks and financial institutions may give some chances at lower rates in coming period – that means chances of sell on up will be key.

Alcohol, sugar, by products of sugar, coffee, Tea, dairy products, edible oil, chemicals, carbon black, defence, road construction materials and many more with railways related may remain in action.

Nifty may look for 19500. Buy on dips and sell on upper levels will be seen during the day. Crude oil may remain again on increasing side and can be close to 80 USD.

Indian Currency

Indian Rupee may trade in between 81.70 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.