Nifty Prediction : Pressure on Upper levels | Foreign cues/issues important
Daily Forecast – Share Market – June 12th, 2019
Pressure on Upper levels Possible | Foreign cues/issues important
Venus, Jupiter with Mars and Moon, Rahu, Mercury + Sun are active during the day. Mars and Rahu are within 1degree distance, Mars is under pressure. Indications are that foreign cues may not be well supportive. Banks and financial institutions may see some ‘UTHA-PATAK’ may be few banks. But Nifty bank is in supported by its own lord.
Selling or pressure can be seen on upper levels. Look for opportunities on either side. Nifty is trapped in a range and waiting for some important cues for the movement on either side. Possibly waiting for Budget.
Trend of the trade will be selling on upper levels and buying at lower levels.
Automobile, infrastructure, automobile tyres, paints, lubricants, and oil marketing companies may be showing their movements. IT, communication instruments, electronics and electrical companies may be showing their moves.
Dairy, leaf-based segments, coffee, sugar, power, building related materials, tiles, and other related segments may be looking for opportunities.
Currency is bit under pressure, but crude is better.
Foreign issues may be cause of concern for the nation.
Government or its agencies may be doing some announcement, please keep a watch.
Indian Rupee may trade in between 69.30 to 70.00 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