Nifty Prediction : Consolidation and new levels are possible

Daily Forecast – Share Market – June 6th, 2017

Consolidation and new levels are possible

Ketu, Rahu, Moon are in lead with support of Mars and Sun. It seems that trade pattern is still positive, but with some consolidation and profit bookings (possibly). Even though movements have some positivity. I am always alert when Ketu and Rahu are active, because this combination can give surprising moves. Mostly unpredictable behaviour.

Possibly market is trying to for the base for the next movements. Alcohol, spirit and related segments may be showing some movements.

I feel that automobile segments like vehicles, automobile tyres, components manufacturing and automobile batteries etc. may be doing better. Electrical and electronics, power and defence related segments may be doing better.

Fertilizers – it’s a time to sort out weak companies and pick better one.

I will trade for range bound business. But prepared for new levels.

Indian Currency

Indian Rupee may trade in between 64.20 to 64.80 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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