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

Daily Forecast – Share Market – June 21st, 2018

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

Moon with Saturn retrograde in lead, well supported by Mars, Jupiter retrograde, Rahu and Ketu. Two retrograde planets with Rahu and Ketu, indicates 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. Even though emotions of market to look forward is key. Global trade war with crude and currency is disturbing strength of the of market.

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 above 10800 is bit tricky.

Indian Currency

Indian Rupee may trade in between 67.80 to 68.60 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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