Nifty Prediction : Nifty may show positive moves | Cautious at upper levels

Daily Forecast – Share Market – June 7th, 2018

Nifty may show positive moves | Cautious at upper levels

Moon and Jupiter retrograde are in lead with support of Mars, Saturn retrograde and Ketu. Indications are that Nifty may try to enjoy gains from the previous levels and try to form a base. Banks in coming days may be showing decent moves, because of lord of banks. That may be influencing share market positively in coming period. Due to two heavy retrograde planets, we may again see reversal moves or resistance within 50 points of Nifty.

Movements in banks, and other related segments can be seen during the day. FMCG, crude and related areas, shipping (ups and downs), engineering, electrical and electronics, cotton, Textiles &Sugar with pharmaceuticals (ups and downs) possible. Banks may give some indications for the coming period and if opportunity available at lower rates can be good for coming fortnight.

Automobile segments, tyres and batteries, carbon black, lubricants etc. may be showing movements.

Market seems positive but still cautious at upper levels. Hence, trade with care.

Indian Currency

Indian Rupee may trade in between 66.50 to 67.30 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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