As on 1st Jul 2023 Sun & Mercury in Gemini , Venus in Cancer, Mars in Leo, Moon in Virgo, Ketu in Libra, Saturn in Aquarius and Jupiter & Rahu in Aries. Planetary transits in Jul: 16th Sun -> Cancer, 6th Venus -> Leo, 8th and 24th Mercury-> Cancer and Leo respectively.
In June Nifty moved up very fast and touched all time high of 19202 on 30th June 2023. Now the figures are very interesting. Nifty close is at record high of 19189. If Nifty croses 19236 it may go up to 19437 (see chart above). But RSI is at 72.04 (above 70) which signals a sell off nearby. As Sukra(Venus)-Mangal(Mars) conjunction is on 7th July it is expected that Nifty may continue its up move till that date. Let us see what happens.
2 comments:
Hello Nandi
Do you see Nifty falling heavily in the next few months?
Dear Prakash
Don't expect heavy down move now, that will be after February 2024. On 7th July 2023 Venus and Mars will come very close (below five degrees) to each other and start to move away due to Venus retrograde. Hence 500 to 1000 points can only be expected.
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