Nifty Prediction : Mixed day Expected | Global cues important | Buying at lower levels
Daily Forecast – Share Market – June 3rd, 2019
Mixed day Expected | Global cues important | Buying at lower levels
Venus and Moon are leading the day with support of Sun, Mars Mercury, Jupiter and Rahu. Rahu and Mars are heading for towards each other and distance is also reducing, indicating further global differences and trade war may going to influence trade and finances of the Nation and other countries also. Impacts on political partners can be seen in next fortnight. Mercury has moved to own sign and will try to hold or protect own house of banks and financial institutions till 22-06-2019. Mars and Rahu indicate that issues related to banks are possible in coming period or war of words may increase among leaders of different areas.
It’s a short week for trading purpose.
Crude oil is on the reducing side, which may be better news for the traders, but drop in GDP or other areas may be point of concern or may be an opportunity to get better results in coming period.
Issues for foreign trade (import) may be cause of concern.
Action can be seen in Petroleum marketing companies and petroleum-based products (in coming period) like paint, automobile tyres and many more. IT, communication, logistics and entertainment may show movements but direction – may be bit pressure and then movements in better side.
Automobile, metals, infrastructure and related materials, electrical and electronics, aviation, liquor, spirit, agriculture, health and many more may be showing movements.
I feel that geo-political situation and local data are not positive but market may show some positive movements. Currency is holding own range.
Indian Rupee may trade in between 69.00 to 69.90 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market