Nifty Prediction : Consolidation Possible | Buy on dips and sell on rise | FIIs supportive
Daily Forecast – Share Market – June 2nd, 2020
Consolidation Possible | Buy on dips and sell on rise | FIIs supportive
Mars, Moon, Sun with Rahu are controlling the day with Ketu. Foreign cues with the local movements are key for the day. Geo-political and Geo-unrest can be seen in the coming period. I agree that lord of banks and share market is enjoying benefit of own house and own sign. So, strength is with share market and banks. Even then we should not ignore other issues because Rahu and Ketu along with three retrograde planets are active.
Globally Religious harmony or harmony otherwise can be a strong card for politics or squaring off the accounts. For India it will be more important for the religious harmony especially in coming period within the running year.
Virus, unemployment, and confused way of lockdown 5.0 or unlock 1.0 may be another point of concern for common man and may delay in restoration of movements of production or purpose of unlocking the 65 days old unlock. I am hopeful that in coming period or by the end of the June 2020, such confusion will be over, and situation will start improving as expected by the government.
I agree that lots of work is done for the government, but planetary position indicates that mass of employed citizen has suffered and may be without Job – which may be big cause of concern. Only labour is not the suffering citizen who has or is suffering. Consumption of white goods, all quality of goods will be strong only when lower middle class or middle class will have regular source of income.
These are the concern, which may check fast bouncing of share market. Lunar eclipse (Chhaya graham) degree wise is ahead, which may give flat trade or trimming in coming days before 05-06-2020. But rise is possible after this.
Today also trimming or flat trading will not surprise me. Impact of global cues, local issues and suddenness may be influencing our trading session. Planets are indicating crude may have some rise.
Trade after watching the trend of the day. Global market may be supportive. Stress on financial sectors may be giving impact in coming months. Initial sales can be seen in the market, because of blocked sales of last 3 months. Real test will start of consumption after a month or so.
Trade for consolidation. Or slight trimming etc.
Indian Rupee may trade in between 75.20 to 76.20 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