Daily Forecast – Share Market – June 5th, 2020

Volatility Possible | Pressure on Banks | Mid and small caps better

Sun and Moon are holding the key, with support of Mars, Jupiter, Rahu, Ketu, and Saturn. Indications are that many segments may show movements, that means chances for mid-caps and small caps will be better. Malefic planets and degree wise (chhaya graham) Lunar eclipse will be another event within 24 hours. Technically, this eclipse has not much impact, but for share market since, ascendant, house of banks and financial institution, ascendant lord and lord of banks will be involved, so chances of Volatility cannot be ignored. (all the retrograde planets are active)

Activities in IT, communication, travels-related and logistics can be seen. Important is FIIs movement is giving interesting touch to the local share market.

Corona is still not under control and situation may further aggravate in the rural sector (as planets are indicating) of certain areas of nation (possibly, this will be because of mass movement).

Government’s total focus is for labours who are living their working places, but one another big segment is also discarded by the national approach is – Lower middle class, their salaries are chocked, they are without jobs, many may be in middle age group, they will not be in a position to ask for food or any other type of food grain support from government. Fee burden and other issues + pressure of losing their jobs due to lock down or slow economy cycle since last 2-3 years (debatable).

I feel that some movements in small caps and mid-caps can be seen, index may see volatility during the day.

Textiles, cotton, alcohol, spirit, sugar, agro-products, agriculture related segments, pesticides, paper, leather, pharmaceuticals, petroleum, chemicals, acids and many more segments may be showing movements.

Nifty may try to breach 10000. But in coming week, we may see nice movements. Even today, chances from lower levels cannot be ignored.

Indian Currency

Indian Rupee may trade in between 75.30 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.