Nifty Prediction : Keep a watch on Banks | Market may look for local cues

Daily Forecast – Share Market – June 28th, 2016

Keep a watch on Banks | Market may look for local cues

Jupiter, Mercury, Venus and Rahu are controlling the day. Rahu indicates volatility or some sudden changes but other planets are ready to play their role and support. Mercury is gaining some strength and enjoying own house and sign, which may support banks and financial institutions. I feel that share market is gaining some strength and moves towards 8150 nifty point levels. But cues from foreign market is pressurizing this market.

We should not forget lower levels of 8000 Nifty point level too, because foreign markets are still unable to give proper support.

Transport (Aviation and surface), shipping, petroleum-based products may also show some movements with infrastructure, power and automobile segments. It is also clear that for a while segments related to export may not be doing so well.

Mid-caps and small caps may have some better movements.

Trade with open eyes and wisely.

Indian Currency

Indian Rupee may trade in between 67.50 to 68.30 per USD.

Advertisements

Type your question.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s