Daily Forecast – Share Market – June 11th, 2020

Flat Opening Possible | Nifty may hold 10000 | Mood not bad

Mars with Sun leads the day, well supported by Moon, Jupiter, Rahu, and Ketu. Global situation, global political and trade situation may also give impact during the day. That means a watchful day will be possible. Impact of CORONA can be seen in coming period within the week. This may be impact of unlock down and movement by mass (so called migrant worker – and mass movement blocked for 70 days or so).

COVID may be giving one indication or warning nationally. Health structure capable of supporting? Tomorrow will give us indication.

Nifty may try to hold 10000 levels. Banks are active. That’s the positive point, so look for buy with care at dip. For banks trade with appropriate stop-loss. I believe market is in positive mode, may be for a week or so.

Health care, sugar, alcohol, foreign related segments, crude is trying to hold its levels. Sea, ports or related segments with research labs may be doing better. Keep a watch on insurance, financial institution, rubber, automobile ancillary, Power, automobile tyres (probably blocked transportation may be doing better, like Iron ore Transportation and likewise). Better to keep a watch.

Bakery products, IT, communication, communication instruments, silver, and many more will be better.

Indian Currency

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.