Daily Forecast – Share Market – July 21st, 2023

Nifty may look for above 20000 in coming time | Trimming possible

Market may be influenced with results

Ketu with Venus leads the day, well supported by Mars, Rahu, Saturn and Mercury. After a great runup, possibly some trimming on the upper levels, because of results of the local market. Watch with care foreign cues.

Issues may remain with IT giants, watch with care to this segment. Results can play results accordingly (company wise).

Mars and Saturn are in 1/7 axis, this may give further trouble to certain areas of nation and may also dent the image of ruling persons of the nation. This may also give further impact on the political alignments etc.

Ketu still gives positive touch to the market. May be little bit trimming. Nifty as mentioned in my earlier posts that Nifty may look for 20000, yesterday it has moved close to this level. Indications are clear that in near future, Nifty may touch or move above 20000.

On date results-oriented market. Financial institutions are supportive to the market. Banks are also giving support to the market.

Giants of various segments can play emotion destroyer for the day or day after tomorrow. After Monday, local impact will be key for the market. Importantly, government’s response to the situation of the nation will be key. This this may give impact on impact after 8-9 months of nation or after May 2024.

Currency may remain around 82 against USD. Crude oil may remain around 80 USD.

Movements in many segments can be seen during the day. Watch IT with care. Look for Opportunity in coming period.

Nifty may target 20000. But after runup trimming based on results can also be seen on previous levels. Watch the market after lunch hours.

Indian Currency

Indian Rupee may trade in between 81.40 to 82.30 per USD.

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