Daily Forecast – Share Market – July 28th, 2023

Nifty may look for +100 | Stop-loss important | Ups and downs possible

Ketu, Venus with Saturn are leading the day, well supported by Mars and Rahu. Lord of share market and banks is involved in Planetary war the lagna lord of Horoscope, indicating that this retrograde Leader of the horoscope or nation may give some negative impact on previous closing. But other planetary movements may be supporting this day. Hence, buying from lower levels are possible.

Currency may look for 82+ against USD, and crude may also show 83+ USD. New series may show some positive start, with cautious and suspicious movements in between.

Nifty may try to look for another 100 points from previous closing. Yesterday’s dip may give some chances to pick at decent rates for the coming time. Market is indicating – it is now charged for next levels.

Banks and financial institutions are key for the coming period. IT may give opportunities at lower levels in coming period. But small caps and midcaps for IT are better (now a days). Defence, railways related, chemicals, textiles and leather, paper, healthcare, service industry, infrastructure, power, aviation manufacturing, space, entertainment, logistics, automobile and many more may remain active. It will be better to look for opportunities (in case of dip).

Nifty may look for +100 points from previous closing. Some Ups and downs can be seen during the day. But emotions may remain better.

Indian Currency

Indian Rupee may trade in between 81.70 to 82.50 per USD.

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