Daily Forecast – Share Market – June 22nd, 2018

Nifty may Breach 10700 | Market seems Cautious | Recovery from lower levels

Mars, Saturn retrograde and Moon are in lead with support of Rahu, Ketu and retrograde Jupiter. Indications are that market may again show some volatility, +/- 50 points movements possible. Pressure on upper levels possible. Reason is two strong planets are in retrograde position. Mars has started slowing down its speed (for us), because moving on curve. Nifty may breach 10700.

Lord of the share market and bank is not very active during the day but trying to 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 67.30 to 68.00 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.