Nifty Prediction : Nifty chances for 100 points | Mid and small caps decent
Daily Forecast – Share Market – June 8th, 2020
Nifty chances for 100 points | Mid and small caps decent
Sun, Mars and Moon will be holding the key for the day, well supported by Jupiter, Rahu, and Ketu. Three planets are retrograde, but lord of the banks and share market is enjoying advantage of placed in own sign, for banks in own house, so this may protect banks and financial institutions, even though Rahu and Ketu are disturbed (bit).
Otherwise global cues and FIIs are playing important role in our market. Indian market has recovered a lot from 24-03-2020 (Index wise), but equity wise depends on company to company. Crude is improving or indicating improved demands. Local market is hopeful for coming improved market movements etc. E-commerce is working strongly because logistics support has improved from this week.
Indications are positive for the day. Some changes may be seen after 14:00 Hrs (IST) or so.
Movements for another positive opening. Keep an eye on announcement or news from government or agencies in coming period. This includes results of companies.
I would like to look for positive trade. Market may look to regain levels of previous day. Even then chances of profit bookings on upper levels possible, but period is not bad for the market.
Almost all the segments are active – directly or indirectly due to conjunction etc. So, mid-caps and small-caps may also show movements. Index may also show movements. News related to medicine to Corona – is not far, it may take 3-4 months for outcome or announcement of final results and going for support to public. But great relief may be after 6-7 months.
Take precaution for a while (at least for another 2-3 months.)
Enjoy a reasonable day, or positive mood.
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