Daily Forecast – Share Market – June 8th, 2016

Wait and watch will be better during the day | Look for opportunities

Venus is combust but in lead with Jupiter and Mar retrograde, whereas Saturn retrograde, Mercury and Sun are also supporting during the day. Mercury will be changing its sign after 09:44 Hrs (IST). So, during the day weak or dull day expected. We can see a policy of wait and watch during the day. Less movements in either side.

Defense and ancillary to defense companies, engineering, electrical, power, metals, pharmaceuticals, communication, travels and tours with transport and IT may be better.

It will be better to keep a watch on foreign cues too, because our market may be looking for directions.

It will be better to look for opportunities at lower levels for the new touch of 8300 Nifty levels in coming days.

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.