Daily Forecast – Share Market – July 13th, 2023

Gap-up Opening possible | Wait ‘n’ watch | Again Nifty for 19500

Ketu is leading the day, well supported by Sun, Mars, Rahu, Jupiter, Saturn and Venus. Many planets are directly active, only Moon and Mercury are not directly active, but Moon is forming decent relationship with the lord of horoscope, foreign lands, Judiciary and Karma lord.

Global cues may remain better. Hence buy on dips and if you are maintaining long then hold for a while. Otherwise as and when required can book the profits.

Inflation in India for edible products is increasing – causing trouble for common person. Since, this is election year, and our government is in election mode, so some steps can be seen in the near future. Or Justice lord is giving Justice.

Nifty is ready to move for 19500, but due to some base issues, unable to hold 19500 levels. Banks are also looking to support. IT is pressurising the market. But middle levels companies in IT may be doing better.

Almost all the segments may remain active. Midcaps and small caps will be supporting the market. Crude may look for above 80 USD levels.

Today’s market will be influenced with the results of first quarter.

Gap up possible at the opening time. Wait and move. Emotions better. Nifty may again show movements towards 19500.

Indian Currency

Indian Rupee may trade in between 81.60 to 82.40 per USD.

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