Nifty Prediction : Possibly some pressure | Range-bound trade possible

Daily Forecast – Share Market – June – 1st, 2017

Possibly some pressure | Range-bound trade possible

Ketu is in lead with Mars and Moon, Venus is also supporting during the day. Segment wise we may see that not many segments may show movements, but possibly share market may be in slightly better position. Even though some pressure can be seen on number of segments.

Movement in spirit and related segment can be seen in either of the direction. I will prefer to play safe at this juncture. I agree that Ketu is powerful, which may give surprising movements in the market too.

Next week we may see some positive moves in banks, so before such movement in banks and in the market, consolidation is possible or profit booking is possible.

Cotton, silk, media instruments, communication instruments and other electrical and electronics can be decent. Movement in petroleum and gas is also possible. Possibly some movement in power, automobile tyre and related segment like paints can be observed.

Indian Currency

Indian Rupee may trade in between 64.30 to 65.00 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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