Nifty Prediction : Nifty may try to hold 10800 | Volatility possible | Profit booking on upper levels

Daily Forecast – Share Market – June 14th, 2018

Nifty may try to hold 10800 | Volatility possible | Profit booking on upper levels

Mars with Saturn retrograde and Moon are in lead, with support of Jupiter retrograde, Rahu and Ketu. Two retrograde planets with Rahu and Ketu, indicates profit bookings or Volatility during the day. Crude, INR and issues related to local political or government functioning may be influencing the market. Banks and financial institutions are well protected due to their own lord. Although, Mercury is not very active during the day, but will protect own house and sector related to the house. Nifty may be under pressure or profit booking. So, trade with care.

I feel that due to Pressure on upper levels, as and when required book profit and look for better equities and sectors.

Textiles/Hosieries, paper, leather, pharmaceuticals and other related segments may show action on either of the side (equity wise). IT, communication, transport all surfaces, vehicles, automobile ancillary, tyre, batteries etc. may remain active but on either side. Trade with care.

Crude, petroleum, banks, spirit, alcohol and related segments, carbon black may show some positive moves or mood.

Overall situation is positive for coming period.

Indian Currency

Indian Rupee may trade in between 67.00 to 67.80 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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