Nifty Prediction : Trade with care | Nifty may try to Hold levels

Daily Forecast – Share Market – June 7th, 2019

Trade with care | Nifty may try to Hold levels

Venus and Jupiter are leading the day with support of Saturn, Rahu, Moon, Sun and Mercury. Seven planets are directly active and indirectly all the planets are active on date. Thee retrograde planets and Rahu are active, indicating weakness or lack of confidence in the day’s proceedings. Negative information may further disturb as it was on previous working day.

It will be important to keep a close watch on local political and official announcements. Which may be going to influence market.

Currency is holding its position and crude is within range and may further show some downward trend with ups and downs.

Action can be seen in banks and financial institutions – Keep a watch on any news related to debts and banking system or banks. Budget is ahead, so market may be watchful.

Action will be in IT, communication, power, infrastructure, banks and financial segments, automobile, automobile tyres, paints, cement, sugar, health care, spirit, alcohol and many more segments.

Direction of the market is bit doubtful. Rahu may further play ups and downs or gives sudden changes.

Indian Currency

Indian Rupee may trade in between 69.20 to 70.10 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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