Daily Forecast – Share Market – June 23rd, 2016

Market is cautious like yesterday | Better to wait and watch | Volatility expected

Rahu, Venus, Moon and Jupiter are in lead with support of Mercury for the day. Tomorrow, Mars will be playing its role and this Mars is a fallen planet and represents foreign nation and foreign trades (fallen planet is normally unable to give any support, indicates weakness). So, I believe today Rahu may give changes in the market sudden changes or volatility for few days. Whereas Moon and Venus are supporting and giving some strength to the market but Jupiter is defeated in planetary war. Now I feel sudden changes may not surprise me in coming days.

Today market is indicating that cautious day, this may be due to foreign issues. It is advised that the persons who are casual traders must be careful while trading and if possible then can sell at upper levels. Only core traders can trade because they are trading with all the guards. If anyone is trading then it will be better to trade with strict stop-loss.

Variation for the day is expected within the range of +/-1%.

Mars indicates that for a while foreign markets may not be giving much support. Only local strength is important.

Indian Currency

Indian Rupee may trade in between 67.10 to 67.90 per USD.

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