Nifty Prediction : Buy at lower levels | Trade in range | Use 40-60 point move in Nifty

Daily Forecast – Share Market – June 12th, 2019

Buy at lower levels | Trade in range | Use 40-60 point move in Nifty

Jupiter, Saturn and Venus with Rahu and Mercury are controlling the day. Three retrograde planets are active with Rahu, indicating that market is looking for some direction. Global cues may be giving some better indications, but local cues may not be decent to give impact on the market. Nifty may see levels in between 11475 to 11650. Cautious movements possible.

Banks, financial institutions, tourism and hotel, IT, communication, travel with logistics may show some movements or better to say that areas to watch with care.

Agriculture, textiles, leather, Petroleum, pharma, health care, spirit, alcohol, sugar and currency may show some movements, with Gold and insurance, research and non-traditional sectors.

I will look for buy on dip and look for opportunities to come out of bad companies on the first opportunity.

Buy on dip only. Trade within range.

Indian Currency

Indian Rupee may trade in between 68.20 to 69.20 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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