Nifty Prediction : Nifty may look for 11725 | Clouds of pressure not surprising

Daily Forecast – Share Market – June 18th, 2019

Nifty may look for 11725 | Clouds of pressure not surprising

Jupiter, Venus with Ketu, Moon, Mars and Mercury are controlling the day. Market is influenced with the activities in banking and financial sectors, also bit watchful for budget or Government announcement(s). Mars and Mercury are again involved in planetary war. Indicating issues related to foreign and financial sectors.

Still, Chances of looking for 11725 levels or so, but it will be better to take precautions properly. Clouds of pressure will not be surprising.

Trade war and Geo-political issues may be further cause of concern for the market. FIIs and other issues may also influence this market.

Action can be seen in the areas of Tea (leaf-based), dairy, petroleum. Indications are not quite positive. Market seems shaky. Trade emotions will be according the wind. It will be better to trade with care. Sell on upper levels and wait for buying. Few banks and financial institutions may be available at lower rate for long term investment. Similarly, for automobile, it will be better to wait for suitable rates to buy for long term.

Similarly, other segments may be giving opportunities at lower levels, wait and pick at economical rates.

Nifty may look for pressure but change in the mood can be seen shortly.

Indian Currency

Indian Rupee may trade in between 69.40 to 70.40 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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