Nifty Prediction : Nifty may look for 100 points or so | Buy on Dip

Daily Forecast – Share Market – June 10th, 2020

Nifty may look for 100 points or so | Buy on Dip

Mars, Sun and Moon are holding the key for the day with Jupiter, Ketu, and Rahu. Indications are for consolidation or buying from lower levels and selling from upper levels. Impact of FIIs are giving comfort, whereas DIIs may look for profit bookings (just a chance). Trade accordingly.

I believe that Nifty may again look for positive opening. It will be better to allow market to settle down, then look for a trade. Impact of foreign trade or some other issues may be seen in the last session. Banks due to own lord, may show strength.

Crude is trying to hold levels, at the same time currency may show some strength during the day against USD.

Many segments may remain active, due to indications of opening of market. Bakery products may show good moves.

Rubber, solvents, carbon black, alcohol and its products like wine or spirit etc., engineering goods may also show some positive indications, Pharmaceuticals with communication, IT related areas like e-commerce, water storage, packaging industry etc. may be doing better.

Enjoy the day. Buy on dip will be better policy at least around solar eclipse. Profit bookings before solar eclipse in banks will be better.

Indian Currency

Indian Rupee may trade in between 75.10 to 75.90 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.

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