Nifty Prediction : Volatile day | Opportunities at lower levels | Watch Mid-caps

Daily Forecast – Share Market – June 15th, 2020

Volatile day | Opportunities at lower levels | Watch Mid-caps

Mars, Jupiter (retrograde) and Sun are controlling the day with support of Moon, Ketu and Mercury. Impact of foreign cues and COVID19 or health related issues may be influencing the market. Results of last quarter may also be influencing the market; reason is Lockdown impact will be from last week of March 2020 or better to say last week of financial year or last week of last quarter. Which may be reflecting almost real indication of companies, hurting sentiment of the market.

Global market is facing impact of COVID 19 return in some places (China and Japan etc.). Market may see some pressure on upper levels. Crude may also show some pressure, indicating that market of movement is not normal. Hurting sentiment of trade market.

Volatile indications. Gold and silver are indicating the share market may face some issues in coming period. In simple word – confidence on share trading is not strong/good/comfortable.

In India, COVID is hurting major commercial towns of nation. Opportunities may be at lower levels. Market may show some rise from lower levels also. Keep a watch on FIIs also, before going for long. Mercury has start losing its speed (for us) because is transiting on curve. Impact will be accordingly. Reason is that Mercury is heading for retrograde. Already three planets are transiting retrograde. Keep a close watch on Banks and financial sector. One important point from Monday – Solar eclipse will be influencing banks and financial institutions and crude/insurance etc. Keep a watch accordingly.

Automobile, infrastructure, power, defense, Pharmaceuticals, IT, automobile ancillary with tyres may be doing better in coming period. Reasons is blocked sales for automobile and tyres can give impact accordingly. IT companies have worked or are working regularly during lockdown also. Laboratories etc. are also better.

Keep a watch on lower levels, enjoy volatility.

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.

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