Daily Forecast – Share Market – July 20th, 2023

Nifty may show initial slow movements | Wait for 2 hours of opening

Ketu is leading the day, well supported by Mars, Rahu, Mercury, Jupiter and Venus. Indications at the time of opening – Nifty may be close to the previous levels or some pressure at the opening time, but wait for next 2 hours, market may show its direction for the day.

Possibly, in the early hours market may give some chances to buy. Market may show positive mood/emotions.

Trade with positive emotions and look for Opportunities.

Weekly expiry, so impact can be seen in terms of profit bookings or trimming. Even then market is trying for the upper levels in coming period.

Banks may play with calm emotions with financial institutions. IT may show some movements in midcaps and small caps. Giants may remain bit silent. Current period may be influenced with the quarterly results etc. which are on the cards in coming period.

If you have long from previous working day, suggestion will be to hold the same.

Spirit, automobile tyres, IT, financial institutions, power, infrastructure, textiles, leather, fashion, defence, logistics, midcaps, small caps and many more segments may be showing interesting movements with Tea and coffee etc.

Trade with positive feelings, despite of some ups and downs. Ketu is supporting the market. Wave possible.

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.