Daily Forecast – Share Market – July 14th, 2023

Nifty looks better – may plan for 19700 | Mid-caps and Small caps good

Ketu leads the day, well supported by Moon, Mars, Rahu, Jupiter, Saturn and Venus. Importantly, China may infuse money to the industry/market, because their inflation may come to negative side, which can be indication for drop-in for demand in general.

US market may feel that inflation has started coming under control. Indian common man may feel higher side of inflation in day to day products (especially edible) in coming period also.

Chances of swing in coming period is quite possible. So, be prepared for the chances of swing. Although trimming or profit booking on upper levels can be seen at any point of time. Whereas Nifty is planning for 19700 in coming period.

Look for opportunities around (-) 50 points, which may give advantage for the chances of long. Foreign cues may give support to the market.

Entire horoscope is active, indicating that all the segments may show movements. Especially mid-caps and small caps. This may give advantage to the market and investments of casual traders/floating traders also.

Still look for opportunities at lower rates in IT, automobile and automobile tyres may prepare for the coming period, whereas dairy products, gas, petroleum, equipment manufacturing, paints, communication instruments, textiles, leather, threads, sugar, by products of sugar, alcohol, insurance, shipping related, defence, space related, and many more may show good action.

Nifty may look better/positive. Banks and financial institutions may give movements.

Indian Currency

Indian Rupee may trade in between 81.40 to 83.30 per USD.

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