Daily Forecast – Share Market – June 1st, 2016

Market seems to be positive | Profit bookings expected | Opportunities at lower level

Venus is in lead with Moon and Mercury, whereas Saturn retrograde and Jupiter are supporting during the day. This Venus is indicating that market is in positive mood, because lord of banks and share market is also supporting. I feel that market is in positive mood, but may show profit bookings at upper levels and can give opportunities to buy at lower levels around 8075 Nifty point levels.

Still market is looking to touch 8200 Nifty, and reversal moves can be seen due to foreign trades and local issues.

Nifty can be in the range of 8075 point level to 8225 point level.

Banks, financial institutions are better with the movements can be seen in IT, communication, travels and tourism and transport etc. Engineering and electrical may not be good.

Agriculture related segments are also slow. We may see some movements in Petroleum and related segments.

Better to say day can be mixed for the trading purpose. Overall market mood seems to be positive.

Indian Currency

Indian Rupee may trade in between 66.80 to 67.60 per USD.

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