Nifty Prediction : Slowly moving ahead | Market mood is positive

Daily Forecast – Share Market – June 9th, 2016

Slowly moving ahead | Market mood is positive

Mars retrograde, Jupiter, Mercury and Venus are leading the day with support of Sun. I feel that market is still positive, only Mars may try to restrict the run so, indications are that possibility of some slow movements, because Venus is still total combust but coming out of shadow of Sun, so may give positivity, although this Venus is afflicted. Market will remain positive and looking to form a base to move towards 8350 nifty point levels in coming days.

Pharmaceuticals may be weak, but sugar, electrical equipment manufacturing or infrastructure related segments will be doing better. Chemicals, fertilizers are also looking to move ahead. Mid-caps etc. may remain better.

Banks, financial institutions, petroleum, insurance, Jewellery, Power (keep a watch) may be better. Companies involved in research etc. with defence will be better.

Market may move bit slow but is looking positive. Initially looking for 8300 Nifty point level.

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.

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