Daily Forecast – Share Market – July 18th, 2023

Nifty may look for 19800 or so | Buy on dips and sell on upper

Ketu is leading the day, well supported by Mars, Rahu, Jupiter, Saturn, Mercury and Venus. Again market looks in better mood. Banks are supporting the period. Only point of concern is IT segment (main bread and butter of nation). Global cues may remain hopeful.

Results oriented period has started. At the same time reorganizing process in Political situation is ahead/on the cards.

Planetary position is clearly indicating that entire horoscope is active, that means movements in maximum segments will be seen during the day. Which may give momentum to Mid-caps, small caps along with the index.

Now, Nifty is indicating its momentum for 19800 in coming period despite of possible profit bookings on upper levels. Time is again indicating that buy on dips and above 100 -125 from the current levels look for chances to book profit (as and when required).

There is no point to pinpoint the segments. Because majority of the segments will be showing movements, only weak results may affect the company otherwise market for a while may remain comfortable.

Nifty may look for +100 points from the current levels that is above 19800 possible.

Crude may remain within 80 USD, currency (INR) may remain around 82 against USD.

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.