Nifty Prediction : Positive Opening Possible | Trade with stop-loss (protect gains)
Daily Forecast – Share Market – June 4th, 2020
Positive Opening Possible | Trade with stop-loss (protect gains)
Jupiter, Moon and Sun are leading the day, well supported by Ketu, Rahu and Mars. Lord of share market is in own sign and lord of bank enjoying benefit of own house. Indications are that Share market with financial institutions and banks are well supported by their own lord, only point of concern is that this Mercury is with Rahu. This may give some impact either on leader of finance of nation or ups and downs at any levels from upper levels.
Nifty may further move for advantage and also may give chances of consolidation on upper levels. Foreign cues and situation of FIIs may give advantage to the market, that means situation may give positive opening.
Geo-political situation is tricky. This may develop some challenges in coming months. Let us hope for the best. In our nation, we may need some more professional person for Finance, so that nation can avail advantage against adverse condition.
Regarding crude oil, situation may again be bit tough for the prices. Price rise of crude may have some check or may further have dip in coming period will not be surprising.
Book profit for Index on upper levels around closing. Protect your gains.
Movements can be seen in many segments, like automobile ancillary, infrastructure, power, logistics, dairy products, leaf-based segments, alcohol, spirit, cotton, silk, instruments, electrical and electronics (may be doing better in coming period), metals, Petroleum related segments may be showing movements. Movements in cement can be seen on either side (company wise).
Trade with stop-loss to protect profits.
Indian Rupee may trade in between 75.10 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