Daily Forecast – Share Market – June 12th, 2020

Dip (deep) possible – Courtesy Rahu | Index Pressure possible

Rahu, Mars and Sun are leading the day, with support of Ketu, retrograde Jupiter and Moon. Not a decent transit of planets for the purpose of banks and financial institutions, share market, because lord of share market and banks etc. is in heavy influence of Rahu, which can turn the table at any moment or can give heavy spike on either side, impact from foreign cues and geo-political situation will also be not decent for the day.

Crude oil companies are also facing tuff period, may be trying to resolve their deep financial crises, and avert bankruptcy like situations (few). Jupiter is playing important role along with Rahu-Ketu axis. This period is not only creating a foundation for long term global political understandings and platform for misunderstandings. Or in simple words new relationships. Same may happen in local political environment also.

Corona is also picking due to unlock of lockdown, but real picture is not clear, due to test ratios in the nation. Common man is not getting chance for test and is also afraid due to financial aspects (as media is describing), which is also causing long term impact on the life and market in coming period.

Today, market may look for lower bases. Dip is possible, possibly again one dip due to Rahu can be seen. Balancing between market movements and Virus unless some medicine will be in the market.

Trade wisely. Look for opportunities at lower levels only in good equities. Keep a watch on results of companies. These results are not based on lockdown, this will reflect slowdown before the lockdown also. We should not ignore this fact. Impact of week shasak of Finance ministry (finance minister).

Book Profit as and when possible. Trade with a watch. Pharmaceuticals and health care may be doing better.

Indian Currency

Indian Rupee may trade in between 75.50 to 76.40 per USD.

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