Nifty Prediction : Positive Opening Possible | Nifty may look for 9700
Daily Forecast – Share Market – June 1st, 2020
Positive Opening Possible | Nifty may look for 9700
Moon with Sun, Rahu is leading the day, well supported by Mars and Ketu. Three planets are retrograde, Mercury in own house of finance and Banks with Rahu or in the axis of Rahu and Ketu. Lord of banks and share market is in own house and sign, providing strength to the related segments. I agree that Rahu is also active, so some issue may come in coming days (one of the chances).
Nifty may try to look to gain some strength for upper levels like 9675 or so. Global cues/FIIs important.
Market may show positive movements, news from government is discouraging related to GDP, but is not as low as it was expected, still impact of lock down will be seen in coming period. It is also fact that companies may show sales of back lock period, but loss of 3 months or previous 9-10 months sales or volume (more sophisticated word) of their orders/business. Physical news related to Monsoon is also encouraging for the day.
Dairy products, banks and financial institutions, auto ancillary, automobile tyres, flexible packaging or packaging, paper, leather, textiles, and many more related areas may be showing movements. Alcohol, chemicals, acids, defence, communication related segments with sugar, fertilizer, agriculture related areas, with cement or infrastructure related areas may remain active in coming period.
Indian Rupee may trade in between 75.20 to 76.00 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