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 Rupee may trade in between 67.50 to 68.30 per USD.
Categories: Share Market