Daily Forecast – Share Market – July 19th, 2023

Nifty may Plan for 20000 in coming period | On date 19800 possible

Ketu with Mercury leads the day, well supported by Mars, Rahu, Venus and Jupiter. Planetary positions are balanced and may give other opportunities to move upwards to the Indian trading market. Nifty may plan for 19800 or so.

Importantly banks and financial institutions may play important role during the day. Saturn and Mars are indicating that Utha-Patak in Political combinations (still more surprises possible). This may indirectly give impact on share market in coming months or time.

Action in automobiles may be seen. Disturbances for public – due to natural calamities, inflation or other man-made issues. Health issues also possible in coming period – possible, which may give impact on healthcare sector in coming period.

Foreign cues are also influencing our market. Technologies may not be as good as expected for the Indian market. Although our main bread and butter (for nation) is IT/technologies.

Market is enjoying retrograde movements of Saturn from 17-06-2023, and may remain till (at 04-11-2023).

After political Utha-Patak because of election mode (during the election year), we may see some news from Government, keep a watch.

Crude oil may still roam around 80 USD. INR may remain around 82 against USD.

Movements may be seen during the day. Watch with care – financial institutions, automobile, with banks. Look for opportunities in IT, solvents, chemicals, sugar, edible products, FMCG, fashion, communication instruments and entertainment instruments, with power, infrastructure, and many more from mid-caps and small caps may show movements.

Buy any dips at base. Impact on 20-07-2023 can be seen in better ways. Nifty may plan for 20000 in coming days.

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.