Nifty Prediction : Allow market to settle | Book profit as n when required | Buy on dips
Daily Forecast – Share Market – August 1st, 2023
Allow market to settle | Book profit as n when required | Buy on dips
Nifty may plan for/around 20000 in coming period
Ketu with Venus is leading the day, well supported by Sun, Mars, Rahu and Saturn (Rx). Planetary position is indicating that global cues may remain better, along with local structure. Nifty may prepare for achieving the previous levels around 20000 in coming period.
Saturn is indicating that public/common man must maintain harmony in coming period, already it is disturbed in certain parts, but it will be better to maintain the same.
Entire horoscope is active, so that means movements in maximum segments. Allow the market to settle down on upper levels, only then enter for the trade. If slips (chance) on upper levels, then sell on upper and buy on dips. Otherwise, hold (if you are maintaining long of previous working day.
Banks, IT, logistics, aviation (defence), drone, space, communication, OIL and GAS may affect the market, other source of energy, dairy, edible segments, cement, batteries, tyre, automobile, railways, shipping related or better to say sea related, insurance, chemicals, carbon black, travels related segments including bags, fashion and many more may remain active (better to say maximum on either side).
As and when required book profits. Buy on dips will be better. Allow market to settle down above 19800 of Nifty levels. Crude is indicating rising chances in coming period.
Indian Rupee may trade in between 81.80 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.
Categories: Share Market