Daily Forecast – Share Market – June 29th, 2018

Nifty may feel shaky | Laziness possible | Volatility Expected

Rahu, Saturn retrograde and Moon are leading the day, well supported by Venus, Ketu and Mercury. Market may show buying from lower levels, but will this be confidant buying – it’s a question. I will not be surprised if market falls to another 50-point levels of Nifty. Crude and issues with foreign nations may be influencing market. Currency is also under pressure, like it was 4 – 4 and half year back. Political issues are also not good for a while.

Geo-political issues, local issues are not favouring at present.

I will like to trade with care, pressure on upper levels and buying at lower levels possible. Slide, in the market is seen in the previous sessions.

Action can be seen in many segments, Petroleum, shipping, aviation, transport may show movements in either side during the day.

IT and media may be in better position – may be due to Indian currency. Banks may be looking for some new policies and may show movements.

Leather, fertilizer, medicines and healthcare with FMCG may show movements.

Spirit, alcohol, cotton, communication instruments, music instruments related segments may be better.

Indian Currency

Indian Rupee may trade in between 68.30 to 69.10 per USD.

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