Daily Forecast – Share Market – June 7th, 2016

Market may open Positive | Keep a watch | As and when required book profit

Venus is total combust but has crossed Sun but is totally combust, indicating that government may be under pressure. Jupiter, Venus, Moon are leading the market with support of Sun and Mercury. Indications are that market may open with positive note, local cues may not be so strong, but cues from foreign market may give some direction to the market.

We may see some sell at upper levels. As and when required book profit. Market may be in the range of 8150 to 8275 nifty levels.

Banks, chemicals, fertilizer, petroleum and leaf related segments may show some movements. At lower levels I will like to buy transport, travels and tours, communication and media etc. for the next 2-3 days’ time period.

Keep a watch on Judiciary or any government agencies announcement.

Indian Currency

Indian Rupee may trade in between 66.40 to 67.20 per USD.

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