Nifty Prediction : Buy on Dips | Positive move possible | Nifty may look to regain
Daily Forecast – Share Market – June 8th, 2020
Buy on Dips | Positive move possible | Nifty may look to regain
Sun and Mars are leading the day, with support of Venus, Moon, Jupiter, Ketu and Rahu. Indications after chhaya lunar eclipse and active seven planets, indirectly all the planets are active. Lord of banks and financial institution is in own house, share market lord is in own sign. Demand of workers have started showing movements. Even then situation is practically not comfortable related to income of layman. Rates are increased in the name of COVID 19. Three planets are retrograde apart from Rahu and Ketu.
Local and global indications are positive. I feel that Nifty may try to regain some old levels. It will be better to be watchful around Solar eclipse. That means trade for a week or 10 days will be better, long for 20-25 days may not be advisable. This Solar eclipse will be total and in India, categorically in the house of banks and finance and sea/research/crude/insurance related segments.
Trade may be positive. It will be better to be watchful at the time of opening. Nifty may show positive movements. It will be better to be watchful after 14:00 Hrs (IST).
In such planetary conditions Nifty may show movements of 1.5% or so.
Movements in automobile, banks, financial institutions, power, infrastructure, and almost all the segments may be showing movements. Second important reason is un-lockdown 1.0 from today.
We must be prepared for blast of virus. I feel hospitals etc. may remain in demand for another month or so. Humanity will also be important from public and from hospital/government/political parties’ side.
Buy on dip will be better.
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