Daily Forecast – Share Market – June 15th, 2018

Volatility Possible | Banks looking good for coming days

Saturn retrograde, Moon, Jupiter and Rahu are in lead with Ketu and Mars. Indications are that market may again show some volatility, roam around 10750 to 10850. Pressure on upper levels possible. Reason is two strong planets are in retrograde position. Sun is also changing its house.

Lord of the share market and bank 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.

Action can be seen in many segments, inclusive of spirit, alcohol and wine related segments, chemicals, drugs, pharmaceuticals etc.

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.

Trade with care.

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.